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MACOFI INTERNATIONAL

Active
Public limited companyfounded 199729 yrs activeLouizalaan 137, 1050 Elsene, BelgiumKBO/BCE: BE 0460.141.571

MACOFI INTERNATIONAL has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.37M and a net result of €1k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 70% of 8647 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2025
89 / 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▲+1
Solvency99▼-1
Growth52▲+17
Track record100
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity ample (current ratio 2.52 against 2.62 in 2024; short-term debt: 18.8% and cash: 46.8% of total assets), and 26.3% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
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 · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
elevated failure risk from 2 to 8 years 29 years 0 30 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
73.7%
Return on assets
0.1%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
30 d early
2024
22 d early
2023
44 d late
2022
on the day
2021
4 d early
2020
11 d early
2019
6 d late
← before the deadline after the deadline →
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.
Companies Code · seven months
Position in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Source amounts without an identifiable currency are assumed to be EUR.

Turnover
€140k▲ 13.5%
2021 · €124k
2018: €302k 2019: €311k 2020: €139k 2021: €124k
2018 → 2022
EBIT margin
-7.8%▼ 0.9pp
2021 · -7.0%
2018: 7.5% 2019: -4.6% 2020: 12.2% 2021: -7.0%
2018 → 2022
Net result
€1k
2024 · €-5k
2018: €123 2019: €736k 2020: €-48k 2021: €46k 2022: €-14k 2023: €-6k 2024: €-5k
2018 → 2025
Working capital
€529k▲ 8.5%
2024 · €487k
2018: €-412k 2019: €1.02M 2020: €960k 2021: €437k 2022: €451k 2023: €442k 2024: €487k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Turnover€124k-€140k▲ 13.5%
Equity€1.39M-€1.38M▼ 1.0%€1.37M▼ 0.5%€1.36M▼ 0.4%€1.37M▲ 0.1%
Operating result€-9k-€-11k▼ 27.4%€-37k▼ 238%€-16k▲ 55.8%€-535▲ 96.7%
Net result€46k-€-14k€-6k▲ 53.4%€-5k▲ 22.2%€1k
Result per fiscal year
Operating resultNet result
€-50k€-25k€0€25k€50kOperating result 2021: €-9k€-9kNet result 2021: €46k€46kOperating result 2022: €-11k€-11kNet result 2022: €-14k€-14kOperating result 2023: €-37k€-37kNet result 2023: €-6k€-6kOperating result 2024: €-16k€-16kNet result 2024: €-5k€-5kOperating result 2025: €-535€-535Net result 2025: €1k€1k20212022202320242025
The operating result stays negative: a loss of €535 in 2025 against €16k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.85M
Fixed assets €975k▼ 5.3%
Current assets €877k▲ 11.2%
Equity and liabilities €1.85M
Equity €1.37M▲ 0.1%
Provisions €107k▼ 6.4%
Debt €380k▲ 11.7%
The debt ratio rises from 18.7% to 20.5%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€56k
2024 · €40k
Cash flow
€58k
2024 · €51k
Solvency
73.7%
2024 · 75.0%
Current ratio
2.52
2024 · 2.62
Quick ratio
2.52
2024 · 2.62
Debt / equity
0.28
2024 · 0.25
ROE
0.1%
2024 · -0.4%
ROA
0.1%
2024 · -0.3%
Interest coverage
183.10
2024 · 135.97
Debt
€380k
2024 · €340k
Debt ≤ 1 year
€349k
2024 · €302k
Income taxes
€9k
2024 · €4k
Staff costs
€263k
2024 · €260k
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 · 2025 against 2024
Balance sheet Code20242025
Assets
Total assets20/58€1.82M€1.85M
Fixed assets21/28€1.03M€975k
Tangible fixed assets22/27€1.01M€951k
Land and buildings22€1.00M€949k
Furniture and vehicles24€4k€3k
Financial fixed assets28€22k€24k
Current assets29/58€789k€877k
Amounts receivable within one year40/41€10k€8k
Trade receivables40€7k€7k
Other amounts receivable41€3k€2k
Cash at bank and in hand54/58€758k€868k
Deferred charges and accrued income490/1€21k€2k
Equity and liabilities
Total equity and liabilities10/49€1.82M€1.85M
Equity10/15€1.36M€1.37M
Contributions10/11€1.41M€1.41M=
Capital10€1.41M€1.41M=
Issued capital100€1.41M€1.41M=
Reserves13€1.12M€1.10M
Non-distributable reserves130/1€22k€22k=
Legal reserve130€22k€22k=
Tax-exempt reserves132€342k€320k
Distributable reserves133€758k€758k=
Profit (loss) carried forward14€-1.17M€-1.14M
Provisions and deferred taxes16€114k€107k
Deferred taxes168€114k€107k
Amounts payable17/49€340k€380k
Amounts payable within one year42/48€302k€349k
Trade debts44€36k€102k
Suppliers440/4€36k€102k
Taxes, remuneration and social security45€31k€42k
Taxes450/3-€9k
Remuneration and social security454/9€31k€32k
Other amounts payable47/48€235k€204k
Accrued charges and deferred income492/3€38k€31k
Income statement Code20242025
Remuneration, social security and pensions62€260k€263k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€56k€56k=
Other operating charges640/8€9k€9k
Gross operating margin9900€309k€328k
Operating profit (loss)9901€-16k€-535
Financial income75/76B€8k€4k
Recurring financial income75€8k€4k
Financial charges65/66B€294€305
Recurring financial charges65€294€305
Profit (loss) for the period before taxes9903€-8k€3k
Transfer from deferred taxes780€7k€7k=
Income taxes67/77€4k€9k
Profit (loss) for the period9904€-5k€1k
Transfer from tax-exempt reserves789€22k€22k=
Profit (loss) for the period to be appropriated9905€17k€23k
Appropriation of the result
Profit (loss) to be appropriated9906€-1.17M€-1.14M
Profit (loss) brought forward from the previous period14P€-1.18M€-1.17M

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
01-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial Back to profitnet €1k
Net result €1k after 3 loss-making years.
09-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
13-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 44 days late
2023
31-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
27-07
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial Back to profitnet €46k
Net result €46k after one loss-making year.
20-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial Weakest financial yearnet €-48k ▼106%
Net result drops to €-48k, the lowest in the series; recovery starts the following year.
06-08
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 6 days late
2019
31-12
Financial Highest result since 2018net €736k ▲598111%
Net result €736k, the highest in the series.
31-12
Financial Liquidity triplescurrent ratio 1.89
Current ratio from 0.62 to 1.89.
31-12
Financial Equity above €1MEq €1.39M ▲112%
2 profitable years in a row build equity to €1.39M.
19-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
19-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
23-06
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
10 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 1997
establishment The establishment unit on the map
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.

Louizalaan 1371050 Elsene
Ground area
711 m²
Building footprint
256 m²
Volume, LiDAR
7,697 m³
Parcel 21807G0060/00Z002, Brussels · tallest building 37.5 m, ±10 floors. Linked by address, not a title deed.
1 establishment unit
MACOFI INTERNATIONAL
Louizalaan 137, 1050 ElseneInsurance, reinsurance and pension funding, except compulsory social security
since 19972.081.196.465
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21807G0060/00Z002 Brussels 711 m² 1 · 256 m² 37.5 m · 10 fl.
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Legal Entity Identifier

8755002MNRDCHMCQWH31
live in the LEI register

Similar companies · same sector, comparable size

Of 82,570 companies in sector 70200 we hold annual accounts for 52,574. 24,418 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPublic limited company
Founded06-03-1997
Fiscal year end31-12
Activities, NACEBEL
52250Logistics services
52290Warehousing and support activities for transportation
63405
70200Business and other management consultancy
70220Business consulting
74142
45194
46713Wholesale trade
50104
71210
77120Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers

Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.

General meetings

1 convocation
Ordinary general meeting
on 12-05-2010 at 11u · published 22-04-2010
1. Rapport du conseil d’administration. 2. Approbation des comptes annuels au 31 décembre 2009. 3. Décharge aux administrateurs. Se conformer aux statuts.