MACODO
ActiveFor MACODO, one filing cycle of the annual accounts is missing. The 2024 annual accounts show equity of €11k and a net result of €-9k. Equity is shrinking by ~12.8% per year across the filed fiscal years. Its solvency ranks better than 29% of 4599 sector peers (fiscal year 2024). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
No current score
Figures too old
The available figures for FY 2024 are too old to assess current financial health.
Filing: One filing cycle is missing
Axes, FY 2024 · tick = 2023
Profitability0=
Solvency49▼-21
Growth72=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Seven 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
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
24.5%
Return on assets
-21.1%
Age of the figures
30 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts not filed
The financial year that closed on 31-03-2025 was due at the National Bank by 31-10-2025. Nothing is on record, 321 days later.
NBB · 10 filingsPosition against the passed deadline
31-03-2025 close31-10-2025 deadline17-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-03-2024 was due by 31-10-2024 and was filed on 07-01-2025, 68 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 filed
2024
68 d late
2023
42 d late
2022
3 d early
2021
23 d late
2020
16 d late
2019
on the day
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€30k▲ 25.8%
2019 · €24k
2019: €24k
2019 → 2020
EBIT margin
-123.1%▼ 64.9pp
2019 · -58.2%
2019: -58.2%
2019 → 2020
Net result
€-9k▲ 30.7%
2023 · €-14k
2019: €-14k
2020: €-37k
2021: €114k
2022: €-3k
2023: €-14k
2019 → 2024
Working capital
€-17k▼ 209%
2023 · €-5k
2019: €-32k
2020: €-57k
2021: €14k
2022: €5k
2023: €-5k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€30k-
Equity€-8k-€37k€34k▼ 8.6%€20k▼ 40.1%€11k▼ 46.3%
Operating result€-37k-€156k€-3k€-13k▼ 380%€-9k▲ 31.9%
Net result€-37k-€114k€-3k€-14k▼ 325%€-9k▲ 30.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €9k in 2024 against €13k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €44k
Fixed assets
€33k=
Current assets
€12k▼ 3.0%
Equity and liabilities €44k
Equity
€11k▼ 46.3%
Provisions
€5k=
Debt
€29k▲ 46.2%
The debt ratio rises from 43.6% to 64.3%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
24.5%▼
2023 · 45.2%
Current ratio
0.41▼
2023 · 0.68
Quick ratio
0.41▼
2023 · 0.68
Debt / equity
2.62▲
2023 · 0.96
ROE
-86.2%▼
2023 · -66.8%
ROA
-21.1%▲
2023 · -30.2%
Debt
€29k▲
2023 · €20k
Debt ≤ 1 year
€29k▲
2023 · €17k
Income taxes
€209
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€45k€44k▼
Fixed assets21/28€33k€33k=
Financial fixed assets28€33k€33k=
Current assets29/58€12k€12k▼
Amounts receivable within one year40/41€8k€10k▲
Other amounts receivable41€8k€10k▲
Cash at bank and in hand54/58€1k€374▼
Deferred charges and accrued income490/1€3k€1k▼
Equity and liabilities
Total equity and liabilities10/49€45k€44k▼
Equity10/15€20k€11k▼
Contributions10/11€19k€19k=
Reserves13€17k€17k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€15k€15k=
Profit (loss) carried forward14€-15k€-25k▼
Provisions and deferred taxes16€5k€5k=
Provisions for liabilities and charges160/5€5k€5k=
Other liabilities and charges164/5€5k€5k=
Amounts payable17/49€20k€29k▲
Amounts payable within one year42/48€17k€29k▲
Trade debts44€10k€23k▲
Suppliers440/4€10k€23k▲
Taxes, remuneration and social security45€207€300▲
Taxes450/3€207€300▲
Other amounts payable47/48€7k€5k▼
Accrued charges and deferred income492/3€2k-
Income statement
Code20232024
Non-recurring operating income76A€2k€9k▲
Other operating charges640/8€2k€201▼
Non-recurring operating charges66A€67-
Gross operating margin9900€-12k€-9k▲
Operating profit (loss)9901€-13k€-9k▲
Financial charges65/66B€303€160▼
Recurring financial charges65€303€160▼
Profit (loss) for the period before taxes9903€-14k€-9k▲
Income taxes67/77-€209
Profit (loss) for the period9904€-14k€-9k▲
Profit (loss) for the period to be appropriated9905€-14k€-9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-15k€-25k▼
Profit (loss) brought forward from the previous period14P€-2k€-15k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
07-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 68 days late
2023
12-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 42 days late
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
23-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 23 days late
31-03
Financial
Back to profitnet €114k
Net result €114k after 2 loss-making years.
31-03
Financial
Liquidity times 9current ratio 1.36
Current ratio from 0.16 to 1.36; short-term debt falls from €68k to €39k.
2020
16-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 16 days late
31-03
Financial
Weakest financial yearnet €-37k
Net result drops to €-37k, the lowest in the series; recovery starts the following year.
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
27-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2015
30-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Tournai · 1 establishment unit since 2004
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Place Paul-Emile Janson(TOU) 1A7500 TournaiGround area
1,944 m²
Building footprint
593 m²
Volume, LiDAR
7,884 m³
2 parcels, Wallonia · tallest building 21.2 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Macodo
since 20042.143.139.774
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57032B0121/00L000 | Wallonia | 1,190 m² | 1 · 223 m² | 12.2 m · 2 fl. |
| 57081F0331/00B000 | Wallonia | 753 m² | 1 · 371 m² | 21.2 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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GUIDANCE FOR CHANGE
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MATERHIVE
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Of 82,546 companies in sector 70200 we hold annual accounts for 52,562. 23,883 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded19-10-2004
Fiscal year end31-03
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.