Losses
-€35,502 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
MACKEN
Lifetime
18 annual accounts with figures on one time axis, 20 filings since 2006peak €98,287 (2022)
€8,331▼ 67.7%
lowest -€44,627 (2012)
-€29,152▼ €22,803
peak €47,719 (2008)
€9,092▼ 76.2%
€102,510▼ 31.1%
Board1 name since 2021
-
Documentsfilings and deeds
30-08-202630 days late
2025micro format
Gross margin from €25,794 to €8,331Loss of €29,152Equity from €38,244 to €9,092Debts from €148,886 to €102,510Cash from €118,198 to €35,639
Key points
from the 2025 annual accountsDebts
€102,510 92% of the balance sheet
Investments
€63,700 1.9 × depreciation
Green is investment, beige is depreciation.
Liquidity
0.41 was 0.96 in 2024
Short-term debts fell from €148,886 to €102,510.
Filings
20 annual accounts since 2006
Three of the last ten came late. The 2021 accounts came latest: 58 days after the end of the period.
Position in the sector
-€29,152
Lower net result than 95% of companies in specialised construction. Sector median €10,189 · 35,113 companies.
Checked score
53
Fair
Financially stronger than 16% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.2%▼ -0.1 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026lowest value
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.3%▲ +0.1 percentage points vs 07-2026
09-2026: 0.8%▲ +0.5 percentage points vs 08-2026highest value
10-2026: 0.8%● unchanged vs 09-2026highest value
11-2026: 0.8%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €29,152, the second in a row (financial year 2025)
Sector: Specialised construction activities (NACE 43)
Equity €9,092 (8.1% of total assets)
lowers risk
Size: total assets €111,602
Calculation
The band follows from the bankruptcy probability. 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 43, micro). It does better than 13% of them on solvency, 29% on liquidity, 15% on profitability and 5% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 540 companies had the same profile as MACKEN has now. Each dot stands for 2 companies, two years later.
85.7%
were still trading
8.3%
stopped another way
5.2%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MACKEN itself is lower: 0.8% within 12 months. It rests on far more data about MACKEN than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 540 companies, not a prediction for MACKEN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No publishable credit limit, so credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.41 (0.96 in 2024), below 1. Short-term debt is 91.9% and cash 31.9% of total assets. 91.9% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€29,152
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 35125 sector peers (2025).
NBB · sector comparisonPosition among 35125 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
30 days late
2024
3 days early
2023
23 days early
2022
35 days early
2021
58 days late
2020
12 days late
2019
32 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 1 day after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% 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. The company usually files around 28 July (4 of the last 5 accounts filed within 33 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0878884732
Resignation: Johan MACKEN (statutory manager)
Reappointment: Johan MACKEN (statutory director) · Director discharge: Johan MACKEN · General meeting of 25-09-2023 · Gazette deed
First establishment
Steentje 16, Aarschot
Incorporation
published on 02-02-2006 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MACKEN Aarschot | €111,602 | €8,331 | 8.1% | - |
| DE SAVEUR J& L Overijse | €97,789 | €7,173 | 73.9% | - |
| INTERTRUCH Koekelberg | €114,560 | €8,401 | 83.8% | - |
| AMANOS Brussels | €117,007 | €9,216 | 99.4% | - |
| WELTJENS JOHAN Bree | €122,646 | €7,852 | 98.8% | - |
| SWINCO Gingelom | €99,837 | €10,047 | 19.2% | - |
| LETHIBO Zoutleeuw | €81,393 | €11,875 | 73.4% | - |
These companies have the same main activity as MACKEN: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €81,400 and €123,000, founded between 2004 and 2006.
Official details
Source: KBO- Status
- Active since 06-01-2006Normal situation
- Activity
- Other specialised construction activitiesNACE 43990and 1 other
- Establishment unit
- 2.151.665.0843200 Aarschot, since 14-02-2006
- Financial year end
- 31 December
- Peppol
- Reachable since 01-10-2026
Insights on MACKEN
MACKEN files the micro format. That format states no turnover. The gross margin fell from €33,396 in 2008 to €8,331 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MACKEN
- What is the company number of MACKEN?
- The company number of MACKEN is 0878.884.732. The VAT number is the same number with BE in front: BE 0878.884.732.
- Where is MACKEN based?
- The registered office is at Steentje 16, 3200 Aarschot.Company details
- What does MACKEN do?
- According to the KBO register, the main activity is other specialised construction activities (NACE 43990).
- What is the legal form of MACKEN?
- MACKEN is a private limited company (BV).
- When was MACKEN founded?
- MACKEN was founded on 06-01-2006.
- Is MACKEN still active?
- Yes, MACKEN is an active enterprise in the KBO register.
- What is the turnover of MACKEN?
- The turnover in financial year 2025 is ≈ €110,000. This figure is estimated from the gross margin of €8,331 and 201 comparable companies (NACE 43990). It probably lies between €61,000 and €210,000. It is a rough estimate.Financials
- Is MACKEN profitable?
- In financial year 2025, MACKEN made a loss of €29,152.
- Where can I find the annual accounts of MACKEN?
- MACKEN filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MACKEN due?
- MACKEN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.