MACK
InactiveMACK was declared bankrupt on 05-05-2025 (Ondernemingsrechtbank Antwerpen, afdeling Mechelen); the bankruptcy declaration was reversed by judgment of 23-06-2025, published in the Belgian State Gazette on 26-06-2025.
Summary
Inactive; last annual accounts for fiscal year 2024.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 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
not confirmed
2024
27 d late
2023
29 d late
2022
31 d late
2021
30 d late
2020
24 d late
2019
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 34 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
Financials · fiscal year 2024, micro schema
Equity
€140,085▼ 1.1%
2023 · €141,588
Total assets
€179,924▼ 17.1%
2023 · €217,036
Net result
-€1,504
2023 · €29,951
Working capital
€139,985▼ 1.4%
2023 · €141,995
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€18,874▼ 30.3%€14,233▼ 24.6%€19,421▲ 36.4%€45,348▲ 133%-€4,652
Net result€15,300▼ 18.3%€9,680▼ 36.7%€14,363▲ 48.4%€29,951▲ 109%-€1,504
Equity€87,594▲ 21.2%€97,275▲ 11.1%€111,637▲ 14.8%€141,588▲ 26.8%€140,085▼ 1.1%
Total assets€133,125▼ 8.7%€143,834▲ 8.0%€168,171▲ 16.9%€217,036▲ 29.1%€179,924▼ 17.1%
Debt€45,530▼ 38.1%€46,560▲ 2.3%€56,534▲ 21.4%€75,447▲ 33.5%€39,839▼ 47.2%
Working capital€81,530▲ 32.1%€99,205▲ 21.7%€111,424▲ 12.3%€141,995▲ 27.4%€139,985▼ 1.4%
Staff (FTE)0.2▼ 60.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €4,652 after €45,348 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €179,924
Fixed assets
€100 =
Current assets
€179,824 ▼ 17.1%
Equity and liabilities €179,924
Equity
€140,085 ▼ 1.1%
Debt
€39,839 ▼ 47.2%
Debt's share of the balance-sheet total falls from 34.8% to 22.1%. Equity and debt are lower.
Key figures and ratios
Current ratio
4.51▲
2023 · 2.89
Debt to equity
0.28▼
2023 · 0.53
ROE
-1.1%▼
2023 · 21.2%
ROA
-0.8%▼
2023 · 13.8%
Debt ≤ 1 year
€39,839▼
2023 · €74,941
Income taxes
€346▼
2023 · €16,490
Staff costs
€231▼
2023 · €6,207
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €20 | - | - | - |
| Remuneration, social security and pensions62 | - | -€477 | €2,619 | €6,207 | €231 | ▼ 96.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,752 | €7,735 | €1,643 | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €24,200 | - |
| Other operating charges640/8 | - | €2,875 | €2,227 | €6,576 | €2,830 | ▼ 57.0% |
| Gross operating margin9900 | €35,824 | €24,366 | €25,910 | €58,131 | €22,608 | ▼ 61.1% |
| Operating profit (loss)9901 | €18,874 | €14,233 | €19,421 | €45,348 | -€4,652 | ▼ 110% |
| Financial income75/76B | - | €1,265 | €1,711 | €1,540 | €4,887 | ▲ 217% |
| Recurring financial income75 | €1,408 | €1,265 | €1,711 | €1,540 | €4,887 | ▲ 217% |
| Financial charges65/66B | - | €702 | €365 | €447 | €1,393 | ▲ 212% |
| Recurring financial charges65 | €1,095 | €702 | €365 | €447 | €1,393 | ▲ 212% |
| Profit (loss) for the period before taxes9903 | €19,187 | €14,797 | €20,768 | €46,441 | -€1,157 | ▼ 102% |
| Income taxes67/77 | €3,887 | €5,117 | €6,405 | €16,490 | €346 | ▼ 97.9% |
| Profit (loss) for the period9904 | €15,300 | €9,680 | €14,363 | €29,951 | -€1,504 | ▼ 105% |
| Profit (loss) for the period to be appropriated9905 | €15,300 | €9,680 | €14,363 | €29,951 | -€1,504 | ▼ 105% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €133,125 | €143,834 | €168,171 | €217,036 | €179,924 | ▼ 17.1% |
| Fixed assets21/28 | €10,992 | €3,257 | €1,614 | €100 | €100 | = |
| Intangible fixed assets21 | €1,133 | - | - | - | - | - |
| Tangible fixed assets22/27 | €9,759 | €3,157 | €1,514 | - | - | - |
| Plant, machinery and equipment23 | - | €3,157 | €1,514 | - | - | - |
| Financial fixed assets28 | €100 | €100 | €100 | €100 | €100 | = |
| Current assets29/58 | €122,132 | €140,577 | €166,557 | €216,936 | €179,824 | ▼ 17.1% |
| Amounts receivable after more than one year29 | - | €34,778 | €35,822 | €160,154 | €164,959 | ▲ 3.0% |
| Other amounts receivable291 | - | €34,778 | €35,822 | €160,154 | €164,959 | ▲ 3.0% |
| Amounts receivable within one year40/41 | €35,278 | €41,411 | €44,450 | €33,325 | €7,055 | ▼ 78.8% |
| Trade receivables40 | - | €32,071 | €34,921 | €30,553 | €6,574 | ▼ 78.5% |
| Other amounts receivable41 | - | €9,340 | €9,529 | €2,772 | €481 | ▼ 82.6% |
| Cash at bank and in hand54/58 | €51,590 | €63,653 | €85,501 | €23,237 | €7,810 | ▼ 66.4% |
| Deferred charges and accrued income490/1 | - | €735 | €784 | €220 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €133,125 | €143,834 | €168,171 | €217,036 | €179,924 | ▼ 17.1% |
| Equity10/15 | €87,594 | €97,275 | €111,637 | €141,588 | €140,085 | ▼ 1.1% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €70,075 | €79,755 | €94,118 | €124,069 | €124,069 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €77,895 | €92,258 | €122,209 | €122,209 | = |
| Profit (loss) carried forward14 | €11,320 | €11,320 | €11,320 | €11,320 | €9,816 | ▼ 13.3% |
| Amounts payable17/49 | €45,530 | €46,560 | €56,534 | €75,447 | €39,839 | ▼ 47.2% |
| Amounts payable after more than one year17 | €4,928 | €2,648 | €1,336 | - | - | - |
| Financial debts170/4 | - | €2,648 | €1,336 | - | - | - |
| Amounts payable within one year42/48 | €40,602 | €41,373 | €55,133 | €74,941 | €39,839 | ▼ 46.8% |
| Current portion of amounts payable after more than one year42 | - | €2,280 | €1,312 | €1,336 | €0 | ▼ 100% |
| Trade debts44 | €11,756 | €13,576 | €27,056 | €30,027 | €3,591 | ▼ 88.0% |
| Suppliers440/4 | - | €13,576 | €27,056 | €30,027 | €3,591 | ▼ 88.0% |
| Taxes, remuneration and social security45 | - | €15,517 | €16,765 | €33,577 | €26,248 | ▼ 21.8% |
| Taxes450/3 | - | €15,517 | €16,267 | €32,696 | €26,248 | ▼ 19.7% |
| Remuneration and social security454/9 | - | - | €498 | €881 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Accrued charges and deferred income492/3 | - | €2,539 | €64 | €506 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,300 | €9,680 | €14,363 | €29,951 | -€1,504 | ▼ 105% |
| + Depreciation and write-downs630 | €8,752 | €7,735 | €1,643 | - | - | - |
| Operating cash flow (approximation) | €24,052 | €17,415 | €16,006 | €29,951 | -€1,504 | ▼ 105% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €1,514 | €0 | ▼ 100% |
| Change in cash | - | €12,063 | €21,848 | -€62,263 | -€15,427 | ▲ 75.2% |
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
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
26-06
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 23-06-2025
09-05
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 05-05-2025
2024
31-12
Financial
Weakest financial yearnet -€1,504
Net result drops to -€1,504, the lowest in the series.
27-09
KBO administration
Address struck
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Highest result since 2018net €29,951 ▲109%
Operating result €45,348, net result €29,951, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Equity above €100,000Eq €111,637 ▲14.8%
5 profitable years in a row build equity to €111,637.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
Show earlier events
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
01-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 1 day late
SignalFinancial 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.
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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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | STEVEN HEYLEN VLAKKE VELDEN 1, 2270 HERENT-
HOUT |
05-05-2025 → 23-06-2025 |
Identification & contact
Identification
Legal formBVBA
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.