Summary
Macibo is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €339,285 and a net result of €31,502. Equity is growing by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 8091 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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
24 d late
2024
29 d late
2023
27 d late
2022
31 d late
2021
62 d early
2020
39 d early
2019
9 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average on the deadline day; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
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. Usually files around 28 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€339,285▼ 5.2%
2024 · €358,013
Net result
€31,502▲ 176%
2024 · €11,408
Total assets
€353,666▼ 1.5%
2024 · €359,121
Solvency
95.9%▼ 3.8pp
2024 · 99.7%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€128,050▼ 20.8%€63,686▼ 50.3%€29,306▼ 54.0%€7,848▼ 73.2%€41,289▲ 426%
Net result€90,009above the sector's middle half▼ 32.0%€34,830within the sector's middle half▼ 61.3%€28,015within the sector's middle half▼ 19.6%€11,408within the sector's middle half▼ 59.3%€31,502within the sector's middle half▲ 176%
Equity€328,760within the sector's middle half▲ 37.7%€363,590within the sector's middle half▲ 10.6%€391,605within the sector's middle half▲ 7.7%€358,013within the sector's middle half▼ 8.6%€339,285within the sector's middle half▼ 5.2%
Total assets€394,320within the sector's middle half▲ 1.9%€432,839within the sector's middle half▲ 9.8%€405,758within the sector's middle half▼ 6.3%€359,121within the sector's middle half▼ 11.5%€353,666within the sector's middle half▼ 1.5%
Debt€65,560▼ 55.7%€69,249▲ 5.6%€14,153▼ 79.6%€1,108▼ 92.2%€14,381▲ 1,198%
Working capital€327,204above the sector's middle half▲ 41.4%€362,985above the sector's middle half▲ 10.9%€385,281above the sector's middle half▲ 6.1%€352,399above the sector's middle half▼ 8.5%€335,354above the sector's middle half▼ 4.8%
Solvency83.4%above the sector's middle half▲ 21.7pp84.0%above the sector's middle half▲ 0.6pp96.5%above the sector's middle half▲ 12.5pp99.7%above the sector's middle half▲ 3.2pp95.9%above the sector's middle half▼ 3.8pp
Current ratio5.99above the sector's middle half▲ 3.436.24above the sector's middle half▲ 0.2528.22above the sector's middle half▲ 21.9824.32above the sector's middle half
Return on assets (ROA)22.8%within the sector's middle half▼ 11.4pp8.0%within the sector's middle half▼ 14.8pp6.9%within the sector's middle half▼ 1.1pp3.2%within the sector's middle half▼ 3.7pp8.9%within the sector's middle half▲ 5.7pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 426% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €353,666
Fixed assets
€3,932 ▼ 30.0%
Current assets
€349,734 ▼ 1.1%
Equity and liabilities €353,666
Equity
€339,285 ▼ 5.2%
Debt
€14,381 ▲ 1,198%
Debt's share of the balance-sheet total rises from 0.3% to 4.1%. Equity is lower and debt is higher.
Key figures and ratios
ROE
9.3%▲
2024 · 3.2%
Debt ≤ 1 year
€14,381▲
2024 · €1,108
Income taxes
€14,690▲
2024 · €3,342
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,741 | €951 | €1,314 | €1,537 | €1,682 | ▲ 9.4% |
| Other operating charges640/8 | €348 | €633 | €499 | €740 | €628 | ▼ 15.2% |
| Gross operating margin9900 | €134,138 | €65,270 | €31,120 | €10,125 | €43,599 | ▲ 331% |
| Operating profit (loss)9901 | €128,050 | €63,686 | €29,306 | €7,848 | €41,289 | ▲ 426% |
| Financial income75/76B | €6,780 | €4,459 | €1,915 | €7,842 | €5,004 | ▼ 36.2% |
| Recurring financial income75 | €2,577 | €4,459 | €1,915 | €1,490 | €5,004 | ▲ 236% |
| Non-recurring financial income76B | €4,203 | - | - | €6,352 | €0 | ▼ 100% |
| Financial charges65/66B | €1,595 | €16,353 | -€9,801 | €941 | €100 | ▼ 89.4% |
| Recurring financial charges65 | €1,106 | €13,482 | -€9,801 | €941 | €100 | ▼ 89.4% |
| Non-recurring financial charges66B | €490 | €2,871 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €133,234 | €51,792 | €41,022 | €14,749 | €46,193 | ▲ 213% |
| Income taxes67/77 | €43,226 | €16,962 | €13,006 | €3,342 | €14,690 | ▲ 340% |
| Profit (loss) for the period9904 | €90,009 | €34,830 | €28,015 | €11,408 | €31,502 | ▲ 176% |
| Profit (loss) for the period to be appropriated9905 | €90,009 | €34,830 | €28,015 | €11,408 | €31,502 | ▲ 176% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €394,320 | €432,839 | €405,758 | €359,121 | €353,666 | ▼ 1.5% |
| Fixed assets21/28 | €1,556 | €605 | €6,325 | €5,614 | €3,932 | ▼ 30.0% |
| Tangible fixed assets22/27 | €1,556 | €605 | €6,325 | €5,614 | €3,932 | ▼ 30.0% |
| Plant, machinery and equipment23 | - | - | €6,325 | €4,918 | €3,511 | ▼ 28.6% |
| Furniture and vehicles24 | €1,556 | €605 | - | €696 | €420 | ▼ 39.6% |
| Current assets29/58 | €392,764 | €432,234 | €399,434 | €353,507 | €349,734 | ▼ 1.1% |
| Amounts receivable within one year40/41 | €13,379 | €9,325 | €20,048 | €12,131 | €985 | ▼ 91.9% |
| Trade receivables40 | €8,894 | €9,325 | €14,713 | €8,197 | €0 | ▼ 100% |
| Other amounts receivable41 | €4,486 | - | €5,334 | €3,934 | €985 | ▼ 75.0% |
| Current investments50/53 | €315,640 | €306,668 | €319,821 | €327,212 | €345,719 | ▲ 5.7% |
| Cash at bank and in hand54/58 | €63,745 | €116,241 | €59,565 | €13,704 | €2,636 | ▼ 80.8% |
| Deferred charges and accrued income490/1 | - | - | - | €461 | €394 | ▼ 14.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €394,320 | €432,839 | €405,758 | €359,121 | €353,666 | ▼ 1.5% |
| Equity10/15 | €328,760 | €363,590 | €391,605 | €358,013 | €339,285 | ▼ 5.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €310,160 | €344,990 | €373,005 | €339,413 | €320,685 | ▼ 5.5% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €0 | ▼ 100% |
| Distributable reserves133 | €308,300 | €343,130 | €371,145 | €337,553 | €320,685 | ▼ 5.0% |
| Profit (loss) carried forward14 | €0 | - | - | €0 | €0 | - |
| Amounts payable17/49 | €65,560 | €69,249 | €14,153 | €1,108 | €14,381 | ▲ 1,198% |
| Amounts payable within one year42/48 | €65,560 | €69,249 | €14,153 | €1,108 | €14,381 | ▲ 1,198% |
| Trade debts44 | €234 | €896 | €386 | €1,108 | €703 | ▼ 36.6% |
| Suppliers440/4 | €234 | €896 | €386 | €1,108 | €703 | ▼ 36.6% |
| Advances received on contracts in progress46 | - | - | - | - | €5,130 | - |
| Taxes, remuneration and social security45 | €23,989 | €25,746 | €10,711 | €0 | €7,916 | - |
| Taxes450/3 | €23,989 | €25,746 | €10,711 | €0 | €7,916 | - |
| Remuneration and social security454/9 | €0 | - | - | - | - | - |
| Other amounts payable47/48 | €41,337 | €42,607 | €3,056 | €0 | €632 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €90,009 | €34,830 | €28,015 | €11,408 | €31,502 | ▲ 176% |
| + Depreciation and write-downs630 | €5,741 | €951 | €1,314 | €1,537 | €1,682 | ▲ 9.4% |
| Operating cash flow (approximation) | €95,749 | €35,781 | €29,330 | €12,944 | €33,184 | ▲ 156% |
| Investment in fixed assets (approximation) | - | €0 | -€7,034 | -€826 | €0 | ▲ 100% |
| Change in cash | - | €52,497 | -€56,676 | -€45,862 | -€11,068 | ▲ 75.9% |
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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €11,408 ▼59.3%
Net result drops to €11,408, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 11current ratio 318.99
Current ratio from 28.22 to 318.99; short-term debt falls from €14,153 to €1,108.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Liquidity times 5current ratio 28.22
Current ratio from 6.24 to 28.22; short-term debt falls from €69,249 to €14,153.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 5.99
Current ratio from 2.56 to 5.99; short-term debt falls from €148,063 to €65,560.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €132,287 ▲2.3%
Net result €132,287, the highest in the series.
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-07
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.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Kortrijk · 1 establishment unit since 2014
Ground area
562 m²
Building footprint
228 m²
Volume, LiDAR
701 m³
Parcel 34022E0414/00F009, Flanders · tallest building 3.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Macibo
since 20142.227.889.367
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022E0414/00F009 | Flanders | 562 m² | 1 · 228 m² | 3.7 m · 1 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.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 13,774 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
Founded30-01-2014
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0544878890
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.