MACBRAIN CONSULT
ActiveSummary
MACBRAIN CONSULT has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €357k and a net result of €33k. Equity is growing by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 53% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▼-4
Solvency84▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 2.78 against 3.56 in 2024; short-term debt: 28.3% and cash: 0.5% of total assets), and 40.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
59.4%
Return on assets
5.5%
Age of the figures
9 mo
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
56 d late
2023
29 d late
2022
28 d late
2021
1 d late
2020
6 d late
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€357k▲ 5.0%
2024 · €340k
2018: €196k
2019: €212k▲ +8.2% vs 2018
2020: €170k▼ -20.0% vs 2019lowest in 8 years
2021: €207k▲ +22.0% vs 2020
2022: €247k▲ +19.2% vs 2021
2023: €289k▲ +17.1% vs 2022
2024: €340k▲ +17.8% vs 2023
2025: €357k▲ +5.0% vs 2024highest in 8 years
2018 → 2025
Total assets
€601k▲ 9.2%
2024 · €551k
2018: €382k
2019: €381k▼ -0.2% vs 2018lowest in 8 years
2020: €492k▲ +29.0% vs 2019
2021: €483k▼ -1.8% vs 2020
2022: €465k▼ -3.7% vs 2021
2023: €517k▲ +11.0% vs 2022
2024: €551k▲ +6.6% vs 2023
2025: €601k▲ +9.2% vs 2024highest in 8 years
2018 → 2025
Net result
€33k▼ 35.5%
2024 · €51k
2018: €25k
2019: €16k▼ -34.7% vs 2018lowest in 8 years
2020: €73k▲ +357% vs 2019highest in 8 years
2021: €37k▼ -49.0% vs 2020
2022: €40k▲ +6.4% vs 2021
2023: €42k▲ +6.4% vs 2022
2024: €51k▲ +22.0% vs 2023
2025: €33k▼ -35.5% vs 2024
2018 → 2025
Working capital
€303k▼ 9.4%
2024 · €335k
2018: €-82k
2019: €-101k▼ -23.6% vs 2018lowest in 8 years
2020: €324k▲ +422% vs 2019
2021: €316k▼ -2.7% vs 2020
2022: €329k▲ +4.4% vs 2021
2023: €311k▼ -5.5% vs 2022
2024: €335k▲ +7.5% vs 2023highest in 8 years
2025: €303k▼ -9.4% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€207k-€247k▲ 19.2%€289k▲ 17.1%€340k▲ 17.8%€357k▲ 5.0%
2021: €207klowest in 5 years
2022: €247k▲ +19.2% vs 2021
2023: €289k▲ +17.1% vs 2022
2024: €340k▲ +17.8% vs 2023
2025: €357k▲ +5.0% vs 2024highest in 5 years
Operating result€54k-€55k▲ 1.1%€60k▲ 8.8%€76k▲ 27.1%€47k▼ 38.5%
2021: €54k
2022: €55k▲ +1.1% vs 2021
2023: €60k▲ +8.8% vs 2022
2024: €76k▲ +27.1% vs 2023highest in 5 years
2025: €47k▼ -38.5% vs 2024lowest in 5 years
Net result€37k-€40k▲ 6.4%€42k▲ 6.4%€51k▲ 22.0%€33k▼ 35.5%
2021: €37k
2022: €40k▲ +6.4% vs 2021
2023: €42k▲ +6.4% vs 2022
2024: €51k▲ +22.0% vs 2023highest in 5 years
2025: €33k▼ -35.5% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 39% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €601k
Fixed assets
€128k ▲ 50.5%
Current assets
€473k ▲ 1.6%
Equity and liabilities €601k
Equity
€357k ▲ 5.0%
Debt
€244k ▲ 15.9%
Debt's share of the balance-sheet total rises from 38.2% to 40.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€55k▼
2024 · €84k
Cash flow
€42k▼
2024 · €59k
Current ratio
2.78▼
2024 · 3.56
Debt to equity
0.68▲
2024 · 0.62
ROE
9.3%▼
2024 · 15.1%
ROA
5.5%▼
2024 · 9.3%
Interest coverage
9.92▲
2024 · 8.66
Debt ≤ 1 year
€170k▲
2024 · €131k
Debt > 1 year
€70k▼
2024 · €76k
Income taxes
€15k▼
2024 · €22k
Staff costs
€0▼
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€551k€601k▲
Fixed assets21/28€85k€128k▲
Tangible fixed assets22/27€35k€78k▲
Plant, machinery and equipment23€11k€35k▲
Furniture and vehicles24€24k€43k▲
Financial fixed assets28€51k€51k=
Current assets29/58€466k€473k▲
Amounts receivable after more than one year29€454k€454k=
Other amounts receivable291€454k€454k=
Amounts receivable within one year40/41€7k€16k▲
Trade receivables40€2k€981▼
Other amounts receivable41€5k€15k▲
Cash at bank and in hand54/58€4k€3k▼
Deferred charges and accrued income490/1€251€254▲
Equity and liabilities
Total equity and liabilities10/49€551k€601k▲
Equity10/15€340k€357k▲
Contributions10/11€20k€20k=
Reserves13€233k€247k▲
Distributable reserves133€233k€247k▲
Profit (loss) carried forward14€87k€91k▲
Amounts payable17/49€211k€244k▲
Amounts payable after more than one year17€76k€70k▼
Financial debts170/4€76k€70k▼
Amounts payable within one year42/48€131k€170k▲
Current portion of amounts payable after more than one year42€61k€30k▼
Financial debts43€17k€8k▼
Credit institutions430/8€17k€8k▼
Trade debts44€2k€46k▲
Suppliers440/4€2k€46k▲
Taxes, remuneration and social security45€5k€11k▲
Taxes450/3€5k€11k▲
Remuneration and social security454/9-€1
Other amounts payable47/48€46k€75k▲
Accrued charges and deferred income492/3€4k€4k=
Income statement
Code20242025
Remuneration, social security and pensions62€2k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€8k▲
Other operating charges640/8€8k€640▼
Non-recurring operating charges66A€8-
Gross operating margin9900€93k€56k▼
Operating profit (loss)9901€76k€47k▼
Financial income75/76B€7k€7k=
Recurring financial income75€7k€7k=
Financial charges65/66B€10k€6k▼
Recurring financial charges65€10k€6k▼
Profit (loss) for the period before taxes9903€73k€48k▼
Income taxes67/77€22k€15k▼
Profit (loss) for the period9904€51k€33k▼
Transfer from tax-exempt reserves789€22k€0▼
Profit (loss) for the period to be appropriated9905€74k€33k▼
Appropriation of the result
Profit (loss) to be appropriated9906€149k€121k▼
Profit (loss) brought forward from the previous period14P€75k€87k▲
Transfer to equity691/2€61k€30k▼
To other reserves6921€61k€30k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €4k | €2k | €2k | €2k | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €3k | €5k | €7k | €8k | ▲ 12.4% |
| Other operating charges640/8 | €583 | €556 | €633 | €8k | €640 | ▼ 91.5% |
| Non-recurring operating charges66A | - | - | €23 | €8 | - | - |
| Gross operating margin9900 | €64k | €61k | €67k | €93k | €56k | ▼ 39.8% |
| Operating profit (loss)9901 | €54k | €55k | €60k | €76k | €47k | ▼ 38.5% |
| Financial income75/76B | €7k | €7k | €7k | €7k | €7k | = |
| Recurring financial income75 | €7k | €7k | €7k | €7k | €7k | = |
| Financial charges65/66B | €8k | €6k | €6k | €10k | €6k | ▼ 42.3% |
| Recurring financial charges65 | €8k | €6k | €6k | €10k | €6k | ▼ 42.3% |
| Profit (loss) for the period before taxes9903 | €53k | €56k | €60k | €73k | €48k | ▼ 34.6% |
| Income taxes67/77 | €16k | €16k | €18k | €22k | €15k | ▼ 32.3% |
| Profit (loss) for the period9904 | €37k | €40k | €42k | €51k | €33k | ▼ 35.5% |
| Transfer from tax-exempt reserves789 | - | - | - | €22k | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €37k | €40k | €42k | €74k | €33k | ▼ 55.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €483k | €465k | €517k | €551k | €601k | ▲ 9.2% |
| Fixed assets21/28 | €9k | €6k | €38k | €85k | €128k | ▲ 50.5% |
| Tangible fixed assets22/27 | €9k | €6k | €38k | €35k | €78k | ▲ 124% |
| Plant, machinery and equipment23 | - | - | €12k | €11k | €35k | ▲ 221% |
| Furniture and vehicles24 | €9k | €6k | €26k | €24k | €43k | ▲ 80.4% |
| Financial fixed assets28 | - | - | - | €51k | €51k | = |
| Current assets29/58 | €474k | €460k | €479k | €466k | €473k | ▲ 1.6% |
| Amounts receivable after more than one year29 | €454k | €454k | €454k | €454k | €454k | = |
| Other amounts receivable291 | €454k | €454k | €454k | €454k | €454k | = |
| Amounts receivable within one year40/41 | €17k | - | €24k | €7k | €16k | ▲ 128% |
| Trade receivables40 | €17k | - | €22k | €2k | €981 | ▼ 37.0% |
| Other amounts receivable41 | - | - | €2k | €5k | €15k | ▲ 176% |
| Cash at bank and in hand54/58 | €3k | €5k | €450 | €4k | €3k | ▼ 34.8% |
| Deferred charges and accrued income490/1 | €117 | €128 | €135 | €251 | €254 | ▲ 1.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €483k | €465k | €517k | €551k | €601k | ▲ 9.2% |
| Equity10/15 | €207k | €247k | €289k | €340k | €357k | ▲ 5.0% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Reserves13 | €116k | €155k | €194k | €233k | €247k | ▲ 6.0% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Tax-exempt reserves132 | €22k | €22k | €22k | - | - | - |
| Distributable reserves133 | €91k | €130k | €171k | €233k | €247k | ▲ 6.0% |
| Profit (loss) carried forward14 | €71k | €72k | €75k | €87k | €91k | ▲ 3.6% |
| Amounts payable17/49 | €276k | €219k | €228k | €211k | €244k | ▲ 15.9% |
| Amounts payable after more than one year17 | €116k | €87k | €59k | €76k | €70k | ▼ 7.5% |
| Financial debts170/4 | €116k | €87k | €59k | €76k | €70k | ▼ 7.5% |
| Amounts payable within one year42/48 | €158k | €130k | €167k | €131k | €170k | ▲ 29.8% |
| Current portion of amounts payable after more than one year42 | €51k | €57k | €57k | €61k | €30k | ▼ 51.2% |
| Financial debts43 | €9k | €405 | €18k | €17k | €8k | ▼ 53.1% |
| Credit institutions430/8 | €9k | €405 | €18k | €17k | €8k | ▼ 53.1% |
| Trade debts44 | €3k | €674 | €5k | €2k | €46k | ▲ 2,295% |
| Suppliers440/4 | €3k | €674 | €5k | €2k | €46k | ▲ 2,295% |
| Taxes, remuneration and social security45 | €9k | €14k | €6k | €5k | €11k | ▲ 130% |
| Taxes450/3 | €9k | €10k | €2k | €5k | €11k | ▲ 130% |
| Remuneration and social security454/9 | - | €4k | €4k | - | €1 | - |
| Other amounts payable47/48 | €85k | €58k | €81k | €46k | €75k | ▲ 63.6% |
| Accrued charges and deferred income492/3 | €1k | €1k | €1k | €4k | €4k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37k | €40k | €42k | €51k | €33k | ▼ 35.5% |
| + Depreciation and write-downs630 | €5k | €3k | €5k | €7k | €8k | ▲ 12.4% |
| Operating cash flow (approximation) | €42k | €43k | €47k | €59k | €42k | ▼ 29.4% |
| Investment in fixed assets (approximation) | - | €0 | €-37k | €-55k | €-51k | ▲ 6.4% |
| Change in cash | - | €2k | €-5k | €4k | €-1k | ▼ 139% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
31-12
Financial
Equity above €200kEq €207k ▲22%
4 profitable years in a row build equity to €207k.
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 6 days late
2020
31-12
Financial
Highest result since 2018net €73k ▲357%
Operating result €100k, net result €73k, both a record.
31-12
Financial
Liquidity times 34current ratio 3.12
Current ratio from 0.09 to 3.12.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet €16k ▼34.7%
Net result drops to €16k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200kEq €212k ▲8.2%
2 profitable years in a row build equity to €212k.
Show earlier events
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Engis · 1 establishment unit since 2015
Ground area
1,047 m²
Building footprint
80 m²
Volume, LiDAR
542 m³
Parcel 62031B0040/00B005, Wallonia · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MACBRAIN CONSULT
since 20152.243.681.462
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62031B0040/00B005 | Wallonia | 1,047 m² | 1 · 80 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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
CAPITAL PARTNERS
BE 0471.545.011
Brugge · Eq €357,368
K.P.M.P.
BE 0453.429.369
Schilde · Eq €357,395
REyskens Sales COnsulting en Management
BE 0478.741.223
Hasselt · Eq €357,320
QUALIFIED AUDIT PARTNERS
BE 0477.992.937
Braine-l'Alleud · Eq €357,291
J.DESUTTER
BE 0649.772.811
Harelbeke · Eq €357,239
Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 37,101 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-06-2015
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
46232Wholesale trade
73300Public relations and communication consultancy
Contact
E-mail
serge.manzato@skynet.be
Phone
0032474681884Engis
Scores and ratios are computed by Checked and are not a credit decision.