MACO DESIGN
ActiveSummary
MACO DESIGN has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11,466 and a net result of €21,183. Equity is shrinking by ~14.8% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 18% of 32023 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability98▲+98
Solvency38▼-49
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.53 against 0.55 in 2024; short-term debt: 87.4% and cash: 44.4% of total assets), and 87.4% of the assets are financed with debt.
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Signals
Six 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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
12.6%
Return on assets
23.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 32023 sector peers (2025).
NBB · sector comparisonPosition among 32023 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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 · 7 filingsDeviation from the deadline
2025
21 d late
2024
28 d late
2023
15 d late
2022
10 d late
2021
11 d early
2020
22 d early
2019
126 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 12 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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 16 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€11,466▼ 67.5%
2024 · €35,283
Total assets
€91,350▲ 60.6%
2024 · €56,872
Net result
€21,183
2024 · -€15,719
Working capital
-€37,383▼ 281%
2024 · -€9,808
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€6,761-€1,115▲ 83.5%-€15,357▼ 1,277%-€15,571▼ 1.4%€21,273
Net result-€6,857below the sector's middle half-€1,242below the sector's middle half▲ 81.9%-€15,480below the sector's middle half▼ 1,146%-€15,719below the sector's middle half▼ 1.5%€21,183within the sector's middle half
Equity€67,725within the sector's middle half▼ 9.2%€66,482within the sector's middle half▼ 1.8%€51,002within the sector's middle half▼ 23.3%€35,283within the sector's middle half▼ 30.8%€11,466below the sector's middle half▼ 67.5%
Total assets€69,892below the sector's middle half▼ 25.0%€70,689below the sector's middle half▲ 1.1%€69,991below the sector's middle half▼ 1.0%€56,872below the sector's middle half▼ 18.7%€91,350within the sector's middle half▲ 60.6%
Debt€2,167▼ 88.4%€4,207▲ 94.1%€18,989▲ 351%€21,589▲ 13.7%€79,884▲ 270%
Working capital€15,585within the sector's middle half▼ 17.0%€17,202within the sector's middle half▲ 10.4%€4,526within the sector's middle half▼ 73.7%-€9,808below the sector's middle half-€37,383below the sector's middle half▼ 281%
Solvency96.9%above the sector's middle half▲ 16.9pp94.0%above the sector's middle half▼ 2.9pp72.9%within the sector's middle half▼ 21.2pp62.0%within the sector's middle half▼ 10.8pp12.6%below the sector's middle half▼ 49.5pp
Current ratio8.19above the sector's middle half▲ 6.195.09above the sector's middle half▼ 3.101.24within the sector's middle half▼ 3.850.55below the sector's middle half▼ 0.690.53below the sector's middle half▼ 0.01
Return on assets (ROA)-9.8%below the sector's middle half▼ 13.6pp-1.8%below the sector's middle half▲ 8.1pp-22.1%below the sector's middle half▼ 20.4pp-27.6%below the sector's middle half▼ 5.5pp23.2%within the sector's middle half▲ 50.8pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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 returns to profit in 2025: €21,273 after a loss of €15,571 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €91,350
Fixed assets
€48,849 ▲ 8.3%
Current assets
€42,501 ▲ 261%
Equity and liabilities €91,350
Equity
€11,466 ▼ 67.5%
Debt
€79,884 ▲ 270%
Debt's share of the balance-sheet total rises from 38.0% to 87.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€21,418▲
2024 · -€14,186
Cash flow
€21,328▲
2024 · -€14,334
Debt to equity
6.97▲
2024 · 0.61
ROE
184.7%▲
2024 · -44.6%
Interest coverage
237.98▲
2024 · -95.83
Debt ≤ 1 year
€79,884▲
2024 · €21,589
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,713 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,713 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,668 | €3,313 | €2,804 | €1,386 | €146 | ▼ 89.5% |
| Other operating charges640/8 | €348 | €348 | €384 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | -€2,745 | €2,545 | -€12,169 | -€13,798 | €21,818 | ▲ 258% |
| Operating profit (loss)9901 | -€6,761 | -€1,115 | -€15,357 | -€15,571 | €21,273 | ▲ 237% |
| Financial income75/76B | €18 | - | - | - | - | - |
| Recurring financial income75 | €18 | - | - | - | - | - |
| Financial charges65/66B | €114 | €127 | €123 | €148 | €90 | ▼ 39.2% |
| Recurring financial charges65 | €114 | €127 | €123 | €148 | €90 | ▼ 39.2% |
| Profit (loss) for the period before taxes9903 | -€6,857 | -€1,242 | -€15,480 | -€15,719 | €21,183 | ▲ 235% |
| Profit (loss) for the period9904 | -€6,857 | -€1,242 | -€15,480 | -€15,719 | €21,183 | ▲ 235% |
| Profit (loss) for the period to be appropriated9905 | -€6,857 | -€1,242 | -€15,480 | -€15,719 | €21,183 | ▲ 235% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €69,892 | €70,689 | €69,991 | €56,872 | €91,350 | ▲ 60.6% |
| Fixed assets21/28 | €52,140 | €49,281 | €46,476 | €45,091 | €48,849 | ▲ 8.3% |
| Tangible fixed assets22/27 | €7,140 | €4,281 | €1,476 | €91 | €3,849 | ▲ 4,142% |
| Furniture and vehicles24 | €7,140 | €4,281 | €1,476 | €91 | €3,849 | ▲ 4,142% |
| Financial fixed assets28 | €45,000 | €45,000 | €45,000 | €45,000 | €45,000 | = |
| Current assets29/58 | €17,752 | €21,409 | €23,515 | €11,781 | €42,501 | ▲ 261% |
| Amounts receivable within one year40/41 | €1,213 | €5,967 | €3,640 | €3,007 | €1,377 | ▼ 54.2% |
| Trade receivables40 | - | €4,700 | €2,000 | €1,210 | - | - |
| Other amounts receivable41 | €1,213 | €1,267 | €1,640 | €1,797 | €1,377 | ▼ 23.4% |
| Cash at bank and in hand54/58 | €16,241 | €15,219 | €19,609 | €8,499 | €40,582 | ▲ 377% |
| Deferred charges and accrued income490/1 | €298 | €223 | €266 | €274 | €542 | ▲ 97.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €69,892 | €70,689 | €69,991 | €56,872 | €91,350 | ▲ 60.6% |
| Equity10/15 | €67,725 | €66,482 | €51,002 | €35,283 | €11,466 | ▼ 67.5% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €57,725 | €56,482 | €41,002 | €25,283 | €1,466 | ▼ 94.2% |
| Amounts payable17/49 | €2,167 | €4,207 | €18,989 | €21,589 | €79,884 | ▲ 270% |
| Amounts payable within one year42/48 | €2,167 | €4,207 | €18,989 | €21,589 | €79,884 | ▲ 270% |
| Financial debts43 | - | €101 | €201 | - | - | - |
| Credit institutions430/8 | - | €101 | €201 | - | - | - |
| Trade debts44 | €188 | €76 | €46 | - | €1,215 | - |
| Suppliers440/4 | €188 | €76 | €46 | - | €1,215 | - |
| Taxes, remuneration and social security45 | €1,979 | - | €34 | - | - | - |
| Taxes450/3 | €1,979 | - | €34 | - | - | - |
| Other amounts payable47/48 | - | €4,031 | €18,708 | €21,589 | €78,669 | ▲ 264% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,857 | -€1,242 | -€15,480 | -€15,719 | €21,183 | ▲ 235% |
| + Depreciation and write-downs630 | €3,668 | €3,313 | €2,804 | €1,386 | €146 | ▼ 89.5% |
| Operating cash flow (approximation) | -€3,189 | €2,071 | -€12,676 | -€14,334 | €21,328 | ▲ 249% |
| Investment in fixed assets (approximation) | - | -€454 | €0 | €0 | -€3,904 | - |
| Change in cash | - | -€1,022 | €4,390 | -€11,110 | €32,083 | ▲ 389% |
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
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
2025
31-12
Financial
Back to profitnet €21,183
Net result €21,183 after 4 loss-making years.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet -€15,719
Net result drops to -€15,719, the lowest in the series; recovery starts the following year.
15-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 15 days late
2023
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity quadruplescurrent ratio 8.19
Current ratio from 2.01 to 8.19; short-term debt falls from €18,666 to €2,167.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
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.
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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
Registered office, Elsene · 1 establishment unit since 2019
Ground area
455 m²
Building footprint
665 m²
Volume, LiDAR
17,447 m³
Parcel 21447B0306/00Y045, Brussels · tallest building 31.8 m, ±9 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
MACO DESIGN
since 20192.290.839.003
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0306/00Y045 | Brussels | 455 m² | 1 · 665 m² | 31.8 m · 9 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 82,641 companies in sector 70200 we hold annual accounts for 52,636. 24,519 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
Founded27-06-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0728968658
Registered
05-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.