MACO
ActiveFinancials · financial year 2022, abbreviated format
2023 annual accounts not yet filed, deadline passed on 31 July 2024 The financial year closed on 31 December 2023. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 3 financial years without a filing since the last one filed. Source: NBB filings, as of 4 November 2026.
Annual accounts 2022 filed on 01-02-2024 PDF all 14 filings
Turnover
≈ €160,000
Estimated: probably between €68,000 and €410,000
EBIT margin
Not included in this filing
Net result
-€25,779▼ 1,497%
2021 · -€1,615
Working capital
€3.0m▼ 0.5%
2021 · €3.1m
Multi-year overview
2018 to 2022, 5 financial yearsOperating result
-€25,558
2022
20182022
Net result
-€25,779
▼ 1,497%
2022
20182022
Equity
€2.7m
▼ 0.9%
2022
20182022
Total assets
€3.1m
▲ 2.2%
2022
20182022
Debt
€423,114
▲ 28.1%
2022
20182022
Working capital
€3.0m
▼ 0.5%
2022
20182022
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Operating result-€0.03m--€0.1m▼ 321%-€0.3m▼ 149%€0.02m-€0.03m
Net result-€0.05m--€0.1m▼ 209%-€0.3m▼ 128%-€0.002m▲ 99.5%-€0.03m▼ 1,497%
Equity€3.2m-€3.1m▼ 4.4%€2.7m▼ 10.5%€2.7m▼ 0.1%€2.7m▼ 0.9%
Total assets€3.4m-€3.7m▲ 7.0%€3.1m▼ 14.0%€3.1m▼ 2.1%€3.1m▲ 2.2%
Debt€0.2m-€0.6m▲ 186%€0.4m▼ 32.2%€0.3m▼ 16.4%€0.4m▲ 28.1%
Working capital€3.4m-€3.6m▲ 5.2%€3.0m▼ 14.3%€3.1m▲ 0.2%€3.0m▼ 0.5%
The operating result for 2022 is a loss of €25,558, after a profit of €17,338 in 2021.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Equity and liabilities €3.1m
Equity
€2.7m ▼ 0.9%
Debt
€423,114 ▲ 28.1%
Debt's share of the balance-sheet total rises from 10.7% to 13.5%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
30.08
Quick ratio
16.90
Debt to equity
0.16▲
2021 · 0.12
ROE
-0.9%▼
2021 · -0.1%
ROA
-0.8%▼
2021 · -0.1%
Debt ≤ 1 year
€104,529▲
2021 · €23,529
Debt > 1 year
€318,585▲
2021 · €306,731
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €444 | €586 | €1,374 | €23,268 | €49,841 | ▲ 114% |
| Gross operating margin9900 | -€28,427 | -€121,074 | -€301,162 | €40,606 | €24,283 | ▼ 40.2% |
| Operating profit (loss)9901 | -€28,871 | -€121,659 | -€302,536 | €17,338 | -€25,558 | - |
| Financial income75/76B | - | €1,425 | - | €8,955 | €12,309 | ▲ 37.5% |
| Recurring financial income75 | - | €1,425 | - | €8,955 | €12,309 | ▲ 37.5% |
| Financial charges65/66B | €16,795 | €20,891 | €19,679 | €27,907 | €12,531 | ▼ 55.1% |
| Recurring financial charges65 | €16,795 | €20,891 | €19,679 | €27,907 | €12,531 | ▼ 55.1% |
| Profit (loss) for the period before taxes9903 | -€45,666 | -€141,125 | -€322,216 | -€1,615 | -€25,779 | ▼ 1,497% |
| Profit (loss) for the period9904 | -€45,666 | -€141,125 | -€322,216 | -€1,615 | -€25,779 | ▼ 1,497% |
| Profit (loss) for the period to be appropriated9905 | -€45,666 | -€141,125 | -€322,216 | -€1,615 | -€25,779 | ▼ 1,497% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.4m | €3.7m | €3.1m | €3.1m | €3.1m | ▲ 2.2% |
| Current assets29/58 | €3.4m | €3.7m | €3.1m | €3.1m | €3.1m | ▲ 2.2% |
| Stocks and contracts in progress3 | €3.0m | €2.6m | €0.8m | €0.7m | €1.4m | ▲ 109% |
| Stocks30/36 | €3.0m | €2.6m | €0.8m | €0.7m | €1.4m | ▲ 109% |
| Amounts receivable within one year40/41 | €0.1m | €1.0m | - | €338 | €0.004m | ▲ 12× |
| Other amounts receivable41 | €0.1m | €1.0m | - | €338 | €0.004m | ▲ 12× |
| Current investments50/53 | - | - | - | €0.9m | €0.9m | = |
| Cash at bank and in hand54/58 | €0.3m | €0.08m | €2.3m | €1.5m | €0.8m | ▼ 44.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.4m | €3.7m | €3.1m | €3.1m | €3.1m | ▲ 2.2% |
| Equity10/15 | €3.2m | €3.1m | €2.7m | €2.7m | €2.7m | ▼ 0.9% |
| Contributions10/11 | €3.5m | €3.5m | €3.5m | €3.5m | €3.5m | = |
| Capital10 | €3.5m | €3.5m | €3.5m | €3.5m | €3.5m | = |
| Issued capital100 | €3.5m | €3.5m | €3.5m | €3.5m | €3.5m | = |
| Profit (loss) carried forward14 | -€0.3m | -€0.4m | -€0.8m | -€0.8m | -€0.8m | ▼ 3.4% |
| Amounts payable17/49 | €0.2m | €0.6m | €0.4m | €0.3m | €0.4m | ▲ 28.1% |
| Amounts payable after more than one year17 | €0.2m | €0.5m | €0.3m | €0.3m | €0.3m | ▲ 3.9% |
| Financial debts170/4 | €0.2m | €0.5m | €0.3m | €0.3m | €0.3m | ▲ 2.9% |
| Other amounts payable178/9 | - | - | - | - | €0.003m | - |
| Amounts payable within one year42/48 | €0.04m | €0.1m | €0.1m | €0.02m | €0.1m | ▲ 344% |
| Trade debts44 | €0.04m | €0.1m | €0.1m | €0.02m | €0.1m | ▲ 387% |
| Suppliers440/4 | €0.04m | €0.1m | €0.1m | €0.02m | €0.1m | ▲ 387% |
| Taxes, remuneration and social security45 | - | - | - | €0.004m | €0.007m | ▲ 103% |
| Taxes450/3 | - | - | - | €0.004m | €0.007m | ▲ 103% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.05m | -€0.1m | -€0.3m | -€0.002m | -€0.03m | ▼ 1,497% |
| Operating cash flow (approximation) | -€0.05m | -€0.1m | -€0.3m | -€0.002m | -€0.03m | ▼ 1,497% |
| Change in cash | - | -€0.2m | €2.2m | -€0.8m | -€0.7m | ▲ 22.6% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2022 | abbreviated format | 01-02-2024 | 2024-00027652 | |
| 31-12-2021 | abbreviated format | 01-02-2024 | 2024-00027651 | |
| 31-12-2020 | abbreviated format | 01-02-2024 | 2024-00027654 | |
| 31-12-2019 | abbreviated format | 01-02-2024 | 2024-00027653 | |
| 31-12-2018 | full format | 01-02-2024 | 2024-00027647 | |
| 31-12-2018 | abbreviated format | 25-11-2019 | 2019-74300422 | |
| 31-12-2017 | full format | 01-02-2024 | 2024-00027650 | |
| 31-12-2017 | abbreviated format | 25-11-2019 | 2019-74300421 | |
| 31-12-2016 | full format | 01-02-2024 | 2024-00027646 | |
| 31-12-2016 | abbreviated format | 28-03-2018 | 2018-08400573 |