Financials
- Financial year
- 2025
- Total assets
- €9.4m
- Loss
- -€944,007
- Solvency
- -3.5%
Total assets▼ 4.8%
Net result
20242025
Macbeth 4
ActiveSummary
Macbeth 4 has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€329,032) and a net result of -€944,007. Its solvency ranks better than 11% of 5,778 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
Activity
Renting and operating of own or leased non-residential real estate, excluding land
NACE 68203
Size
≈ €280,000turnover 2025, estimated
- Equity
- -€329,032
- Loss
- -€944,007
Turnover estimated from the gross margin
Structure
- Parent
- EUROPEAN PROPERTY INVESTORS SPECIAL OPPORTUNITIES 6, SCSP-SICAV-SIF
- BELLAIZE Anne-Julie Marie-FranceDirector
- SCHWAGTEN Tobias Reinhilde GermaanDirector
- Nicolas KeiserDirector
Auditor: EY Réviseurs d'Entreprises SRL2025 accounts 3 days early
Why 54raises riskCapped at 59: negative equityLiquidity: current ratio 2.57, cash €134,936, halvedNegative equity -€329,032lowers riskSize: total assets €9.4mSector: Real estate activities (NACE 68)Show the evidence
Checked score
Score 2025
54
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 21% of its sector peers (NACE 68, small)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency
21-10
equity -3.5% of total assets
Liquidity
52-5
short-term debt 1.1% · cash 1.4%
Profitability
8+4
return on assets -10.1%
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.2%
12-2024: 1.2%● unchanged vs 11-2024
01-2025: 1.3%▲ +0.1 percentage points vs 12-2024
02-2025: 1.3%● unchanged vs 01-2025
03-2025: 1.5%▲ +0.2 percentage points vs 02-2025
04-2025: 1.7%▲ +0.2 percentage points vs 03-2025
05-2025: 1.7%● unchanged vs 04-2025highest value
06-2025: 1.6%▼ -0.1 percentage points vs 05-2025
07-2025: 1.6%● unchanged vs 06-2025
08-2025: 0.3%▼ -1.3 percentage points vs 07-2025lowest value
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.4%▲ +0.1 percentage points vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.5%▲ +0.1 percentage points vs 06-2026
08-2026: 0.6%▲ +0.1 percentage points vs 07-2026
09-2026: 0.6%● unchanged vs 08-2026
10-2026: 0.6%● unchanged vs 09-2026
No credit on open account
Liquidity ample (current ratio 2.57, compared with 4.64 in 2024, above the usual 1.5; short-term debt: 1.1% and cash: 1.4% of total assets), but equity is negative.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small): better than 10% on solvency, 69% on liquidity, 3% on profitability and 3% on growth.
The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2425
2024 to 2025 · latest year -€329,032
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 days early
2024
34 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 19 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
30-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · full…
- Annual accounts filedfinancial year 2024 · full…
- Capital & sharesAuditor report · Capital contribution…
Key points
- Risk: Negative equityfinancial year 2025: debts exceed assets -€329,032 View
- Caution: Among the weakest 5% on net resultsector median €20,563 · 5,785 companies -€944,007 View
- Controlled by EUROPEAN PROPERTY INVESTORS SPECIAL… parent View
- Positive: Result rose in 2025from -€1.3m to -€944,007 ▲ 29.1% View
By topic
Board & ownership
- Board
- 3 members
- Parent
- EUROPEAN PROPERTY INVESTORS SPECIAL…
- Auditor
- EY Réviseurs d'Entreprises SRL
- BELLAIZE Anne-Julie Marie-FranceDirector
- SCHWAGTEN Tobias Reinhilde GermaanDirector
- Nicolas KeiserDirector
Network & group
- Connected companies
- 2
Timeline
- Events
- 7
- Since
- 2023
- Next accounts
- by 31-07-2027
- 04-12-2024Resignation: PwC Réviseurs d'Entreprises SRL (statutory auditor)
- 17-01-2024Resignation: Anna Schmitt (class B director)
- 08-11-2023Miscellaneous
Company details
- Legal form
- Private limited company
- Activity
- Renting and operating of own or leased non-residential…NACE 68203
- Founded
- 11-09-2023
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 19
- Annual meeting
- First Monday of June at 15:00
Key facts about Macbeth 4
- What is the company number of Macbeth 4?
- 0805.683.285. In Belgium the VAT number is the company number with BE in front: BE 0805.683.285.
- Where is Macbeth 4 based?
- The registered office is at Koningsstraat 47, 1000 Brussel.Company details
- What does Macbeth 4 do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of Macbeth 4?
- Private limited company (BV).
- When was Macbeth 4 founded?
- On 11-09-2023.
- Is Macbeth 4 still active?
- Yes, Macbeth 4 is an active enterprise in the KBO register.
- What is the turnover of Macbeth 4?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
- Is Macbeth 4 profitable?
- In financial year 2025, Macbeth 4 made a loss of €944,007.
- Where can I find the annual accounts of Macbeth 4?
- Macbeth 4 filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Macbeth 4 due?
- By 31-07-2027, for financial year 2026.Timeline
Companies related to Macbeth 4
Comparable companies
- AANNBrussel
- AG REAL ESTATEBrussel
- AGORIA REAL ESTATEBrussel
- ANVIPAR SABrussel
- BRIO PRODUCTIONSBrussel
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