MACASA
ActiveMACASA has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €145k and a net result of €-30k. Equity is growing by ~21.7% per year across the filed fiscal years. Its solvency ranks better than 92% of 7892 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-7
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 8.6), and 9.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€30k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
26 d late
2024
21 d late
2023
22 d late
2022
53 d early
2021
54 d early
2020
65 d early
2019
50 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€141k
EBIT margin
-2.1%
Net result
€-30k▼ 2,212%
2024 · €-1k
2018: €36k
2019: €38k
2020: €35k
2021: €32k
2022: €27k
2023: €33k
2024: €-1k
2018 → 2025
Working capital
€120k▼ 19.9%
2024 · €150k
2018: €-13k
2019: €25k
2020: €60k
2021: €92k
2022: €117k
2023: €147k
2024: €150k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€141k
Equity€117k-€143k▲ 22.7%€176k▲ 23.1%€175k▼ 0.7%€145k▼ 17.3%
Operating result€29k-€24k▼ 18.5%€40k▲ 70.2%€-3k€-31k▼ 950%
Net result€32k-€27k▼ 17.5%€33k▲ 24.8%€-1k€-30k▼ 2,212%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €31k in 2025 against €3k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €161k
Fixed assets
€25k▼ 1.7%
Current assets
€136k▼ 10.1%
Equity and liabilities €161k
Equity
€145k▼ 17.3%
Debt
€16k▲ 1,123%
The debt ratio rises from 0.7% to 9.8%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-31k▼
2024 · €-2k
Cash flow
€-30k▼
2024 · €-533
Solvency
90.2%▼
2024 · 99.3%
Current ratio
8.60
Quick ratio
8.60
Debt / equity
0.11▲
2024 · 0.01
ROE
-20.8%▼
2024 · -0.7%
ROA
-18.8%▼
2024 · -0.7%
Interest coverage
-24.17▼
2024 · -0.91
Debt
€16k▲
2024 · €1k
Debt ≤ 1 year
€16k▲
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€176k€161k▼
Fixed assets21/28€25k€25k▼
Tangible fixed assets22/27€25k€25k▼
Land and buildings22€25k€25k=
Plant, machinery and equipment23€0€0=
Furniture and vehicles24€844€421▼
Current assets29/58€151k€136k▼
Amounts receivable within one year40/41€99k€125k▲
Trade receivables40€3k-
Other amounts receivable41€96k€125k▲
Cash at bank and in hand54/58€51k€11k▼
Deferred charges and accrued income490/1€420-
Equity and liabilities
Total equity and liabilities10/49€176k€161k▼
Equity10/15€175k€145k▼
Contributions10/11€250k€250k=
Capital10€250k€250k=
Issued capital100€250k€250k=
Reserves13€20k€20k=
Non-distributable reserves130/1€20k€20k=
Legal reserve130€20k€20k=
Profit (loss) carried forward14€-95k€-125k▼
Amounts payable17/49€1k€16k▲
Amounts payable within one year42/48€1k€16k▲
Financial debts43-€580
Credit institutions430/8-€580
Trade debts44€1k€15k▲
Suppliers440/4€1k€15k▲
Income statement
Code20242025
Turnover70€141k-
Goods, raw materials, services and sundry goods60/61€149k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€773€423▼
Other operating charges640/8€345€400▲
Gross operating margin9900€-2k€-30k▼
Operating profit (loss)9901€-3k€-31k▼
Financial income75/76B€4k€2k▼
Recurring financial income75€4k€2k▼
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€-1k€-30k▼
Profit (loss) for the period9904€-1k€-30k▼
Profit (loss) for the period to be appropriated9905€-1k€-30k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-95k€-125k▼
Profit (loss) brought forward from the previous period14P€-93k€-95k▼
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
31-12
Financial
Weakest financial yearnet €-30k
Net result drops to €-30k, the lowest in the series.
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
31-12
Financial
Liquidity times 16current ratio 117.03
Current ratio from 7.41 to 117.03; short-term debt falls from €23k to €1k.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
31-12
Financial
Equity above €150kEq €176k ▲23.1%
6 profitable years in a row build equity to €176k.
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €117k ▲38%
4 profitable years in a row build equity to €117k.
27-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity triplescurrent ratio 10.11
Current ratio from 3.35 to 10.11; short-term debt falls from €10k to €7k.
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €38k ▲4.6%
Net result €38k, the highest in the series.
31-12
Financial
Liquidity quadruplescurrent ratio 3.35
Current ratio from 0.75 to 3.35; short-term debt falls from €53k to €10k.
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 1989
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Woudlaan 1841000 BrusselGround area
311 m²
Building footprint
220 m²
Volume, LiDAR
2,873 m³
Parcel 21822R0497/00B002, Brussels · tallest building 15.9 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Woudlaan 184, 1000 Brussel
since 19892.036.340.695
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0497/00B002 | Brussels | 311 m² | 1 · 220 m² | 15.9 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
YALEMY
BE 0649.492.204
Wommelgem · Eq €145k
Beleco
BE 0729.638.651
Lochristi · Eq €148k
GUERLAIN BENELUX
BE 0403.123.783
Elsene · Eq €141k
DIMA
BE 0422.057.391
Mechelen · Eq €140k
CREON ON NAILS
BE 0883.303.873
Steenokkerzeel · Eq €139k
Of 792 companies in sector 46450 we hold annual accounts for 448. 331 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded07-05-1986
Fiscal year end31-12
Activities, NACEBEL
46450Wholesale of perfume and cosmetics
46499Wholesale of other household goods
47552Retail sale of lighting equipment
47592Retail trade
47750Retail sale of cosmetics and toilet articles
51478
52442
Sources
Crossroads Bank for EnterprisesNational Bank · 39 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.