Macbeth 4
ActiveThe computed 12-month bankruptcy probability of Macbeth 4 is 1.8% (moderate). The 2025 annual accounts show negative equity (€-329k) and a net result of €-944k. Its solvency ranks better than 11% of 4502 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency67▲+30
Growth58
Stability94
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 2.57 against 4.64 in 2024), but equity is negative.
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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-3.5%
Return on assets
-10.1%
Age of the figures
8 mo
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
2425
2024 to 2025 · latest year -€329k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
3 d early
2024
34 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-944k▲ 29.1%
2024 · €-1.33M
2024: €-1.33M
2024 → 2025
Working capital
€169k▼ 72.3%
2024 · €609k
2024: €609k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€615k-€-329k
Operating result€-260k-€-353k▼ 35.9%
Net result€-1.33M-€-944k▲ 29.1%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €353k in 2025 against €260k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.39M
Fixed assets
€9.11M▲ 0.3%
Current assets
€276k▼ 64.4%
Key figures and ratios
EBITDA
€138k▼
2024 · €230k
Cash flow
€-453k▲
2024 · €-842k
Solvency
-3.5%▼
2024 · 6.2%
Current ratio
2.57▼
2024 · 4.64
Quick ratio
2.57▼
2024 · 4.64
Debt / equity
-29.53▼
2024 · 15.03
ROE
286.9%▲
2024 · -216.6%
ROA
-10.1%▲
2024 · -13.5%
Interest coverage
0.23▲
2024 · 0.21
Debt
€9.72M▲
2024 · €9.24M
Debt ≤ 1 year
€107k▼
2024 · €167k
Debt > 1 year
€8.95M▲
2024 · €8.50M
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€9.86M€9.39M▼
Fixed assets21/28€9.08M€9.11M▲
Tangible fixed assets22/27€9.08M€9.11M▲
Land and buildings22€9.08M€9.11M▲
Financial fixed assets28-€200
Current assets29/58€776k€276k▼
Amounts receivable within one year40/41€162k€117k▼
Trade receivables40€159k€113k▼
Other amounts receivable41€4k€4k=
Cash at bank and in hand54/58€538k€135k▼
Deferred charges and accrued income490/1€75k€24k▼
Equity and liabilities
Total equity and liabilities10/49€9.86M€9.39M▼
Equity10/15€615k€-329k▼
Contributions10/11€1.95M€1.95M=
Capital10-€1.95M
Issued capital100-€1.95M
Profit (loss) carried forward14€-1.33M€-2.28M▼
Amounts payable17/49€9.24M€9.72M▲
Amounts payable after more than one year17€8.50M€8.95M▲
Financial debts170/4€8.50M€8.95M▲
Amounts payable within one year42/48€167k€107k▼
Financial debts43-€72k
Other loans439-€72k
Trade debts44€144k€26k▼
Suppliers440/4€144k€26k▼
Taxes, remuneration and social security45€24k€10k▼
Taxes450/3€24k€10k▼
Accrued charges and deferred income492/3€577k€656k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€490k€491k▲
Other operating charges640/8€107k€68k▼
Gross operating margin9900€337k€206k▼
Operating profit (loss)9901€-260k€-353k▼
Financial charges65/66B€1.07M€591k▼
Recurring financial charges65€1.07M€591k▼
Profit (loss) for the period before taxes9903€-1.33M€-944k▲
Profit (loss) for the period9904€-1.33M€-944k▲
Profit (loss) for the period to be appropriated9905€-1.33M€-944k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1.33M€-2.28M▼
Profit (loss) brought forward from the previous period14P€0€-1.33M▼
The notes to these accounts (10 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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
NBB filing
Directors · office · real estate
Directors
5 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
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.
Koningsstraat 471000 BrusselGround area
1,150 m²
Building footprint
1,007 m²
Volume, LiDAR
19,645 m³
Parcel 21803C1122/00M002, Brussels · tallest building 28.8 m, ±8 floors. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21803C1122/00M002 | Brussels | 1,150 m² | 1 · 1,007 m² | 28.8 m · 8 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.
Recognitions · licences · registrations
Legal Entity Identifier
213800EE8T7QST9XC192
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Of 11,974 companies in sector 68203 we hold annual accounts for 5,947. 4,352 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-09-2023
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.