MACOFISC (0438.522.647): annual accounts, directors and company register

MACOFISC

Ghent ·KBO/BCE: BE 0438.522.647

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%

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%

Company	Total assets	Gross margin	Solvency	Staff
MACOFISC Ghent	€0.9m	€229,272	83.3%	-
SERVERON Erpe-Mere	€0.9m	€195,870	93.0%	-
CENTRE DE GESTION COMPTABLE ET FISCALE Soignies	€0.9m	€233,513	20.7%	-
BUREAU DELVAUX ALBOT Beersel	€0.8m	€209,005	48.9%	1
DIPA Antwerp	€0.8m	€255,911	96.1%	-
ACCOUNTANTSKANTOOR GEERT DUPONT Kortrijk	€0.8m	€261,041	94.8%	-
FIDUCIAIRE G.L.M. Visé	€1.0m	€227,461	93.0%	-

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	860,635	826,561	769,908	759,650	656,473	697,822	674,990	583,259	567,881	543,751	472,724	420,201	420,104	337,245	167,383	110,372	93,527	75,055	51,292	227
Fixed assets`21/28`	200,653	223,561	246,468	196,968	215,538	234,108	222,805	237,199	250,354	272,669	294,988	285,550	300,820	288,240	10,312	23,314	20,641	31,598	33,830	-
Intangible fixed assets`21`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,459	16,916	25,373	33,830	-
Tangible fixed assets`22/27`	200,508	223,416	246,323	196,823	215,393	233,963	222,660	237,054	250,209	272,524	294,838	285,400	300,695	288,115	9,087	13,630	2,500	5,000	-	-
Land and buildings`22`	169,594	178,164	186,734	195,304	204,285	213,266	222,247	231,228	240,209	249,190	258,171	267,152	276,133	281,005	-	-	-	-	-	-
Furniture and vehicles`24`	30,914	45,252	59,589	1,520	11,108	20,697	413	5,826	10,000	23,333	36,667	18,248	24,561	7,110	9,087	13,630	2,500	5,000	-	-
Financial fixed assets`28`	145	145	145	145	145	145	145	145	145	145	150	150	125	125	1,225	1,225	1,225	1,225	-	-
Current assets`29/58`	659,982	603,001	523,440	562,682	440,934	463,714	452,185	346,060	317,527	271,082	177,736	134,651	119,285	49,006	157,072	87,059	72,887	43,457	17,462	227
Amounts receivable within one year`40/41`	72	25,818	25,218	17,022	31,255	13,119	16,111	30,867	1,223	6,112	13,059	26,375	9,935	15,889	13,338	14,471	8,895	23,014	220	221
Trade receivables`40`	-	25,818	25,085	16,889	31,121	10,533	14,731	19,071	-	2,673	5,445	21,288	5,243	5,848	7,790	12,479	605	12,273	-	-
Other amounts receivable`41`	72	-	134	134	134	2,585	1,380	11,796	1,223	3,439	7,614	5,087	4,693	10,042	5,547	1,992	8,290	10,741	220	221
Current investments`50/53`	613,569	482,793	430,716	500,173	392,016	390,223	365,148	280,074	260,033	190,415	145,400	107,246	90,004	25,000	135,000	65,000	-	-	-	-
Cash at bank and in hand`54/58`	46,301	94,389	67,506	45,487	17,663	60,372	70,926	35,119	56,271	74,555	19,277	1,030	19,345	8,116	8,734	7,588	63,912	20,443	17,242	6
Deferred charges and accrued income`490/1`	40	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	79	-	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	860,635	826,561	769,908	759,650	656,473	697,822	674,990	583,259	567,881	543,751	472,724	420,201	420,104	337,245	167,383	110,372	93,527	75,055	51,292	227
Equity`10/15`	716,786	676,629	623,599	604,193	562,320	527,169	559,783	510,783	395,486	431,104	349,396	274,439	209,067	161,168	141,128	95,617	65,498	40,141	20,651	-34,120
Contributions`10/11`	24,000	24,000	24,000	24,000	24,000	24,000	24,000	24,000	24,000	126,600	126,600	126,600	126,600	24,000	24,000	24,000	24,000	24,000	24,000	22,859
Issued capital`100`	-	-	-	-	-	-	24,000	24,000	24,000	126,600	126,600	126,600	126,600	24,000	24,000	24,000	24,000	24,000	24,000	22,859
Reserves`13`	689,670	649,514	596,484	577,077	535,204	500,054	532,668	483,668	367,650	300,668	220,668	78,032	12,660	2,400	2,400	2,400	2,400	2,400	-	-
Non-distributable reserves`130/1`	-	-	-	12,660	12,660	12,660	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	12,660	12,660	12,660	12,660	12,660	12,660	12,660	2,400	2,400	2,400	2,400	2,400	-	-
Reserves not available under the articles`1311`	-	-	-	12,660	12,660	12,660	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	689,670	649,514	596,484	564,417	522,544	487,394	520,008	471,008	354,990	288,008	208,008	65,372	-	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	3,116	3,116	3,116	3,116	3,116	3,116	3,116	3,116	3,836	3,835	2,128	69,807	69,807	134,768	114,728	69,217	39,098	13,741	-3,349	-56,979
Amounts payable`17/49`	143,849	149,932	146,309	155,458	94,153	170,653	115,207	72,476	172,395	112,647	123,328	145,762	211,037	176,078	26,255	14,755	28,029	34,914	30,641	34,347
Amounts payable after more than one year`17`	-	-	-	-	-	8,097	21,631	34,743	47,444	59,747	71,666	83,211	99,381	118,621	-	-	-	-	-	-
Financial debts`170/4`	-	-	-	-	-	8,097	21,631	34,743	47,444	59,747	71,666	83,211	99,381	118,621	-	-	-	-	-	-
Amounts payable within one year`42/48`	143,849	149,932	146,309	155,458	94,153	162,556	93,576	36,783	124,952	52,900	51,662	62,551	111,657	57,457	26,255	14,755	28,029	34,914	30,641	34,347
Current portion of amounts payable after more than one year`42`	-	-	-	-	8,097	13,535	13,111	12,701	12,303	11,918	11,545	16,170	19,240	18,725	-	-	-	-	-	-
Financial debts`43`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,246	2,178	-	-
Credit institutions`430/8`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,246	2,178	-	-
Trade debts`44`	294	168	448	413	2,236	852	4,518	4,354	640	391	108	269	566	3,583	168	101	13,100	-	2,294	2,632
Suppliers`440/4`	294	168	448	413	2,236	852	4,518	4,354	640	391	108	269	566	3,583	168	101	13,100	-	2,294	2,632
Taxes, remuneration and social security`45`	18,185	21,095	13,852	11,723	2,874	2,919	3,401	14,717	2,667	25,352	15,547	19,363	5,152	764	14,836	5,239	2,563	19,254	28,346	0
Taxes`450/3`	18,185	21,095	13,852	11,723	2,874	2,919	3,401	14,717	2,667	25,352	15,547	19,363	5,152	764	14,836	5,239	2,563	19,254	28,346	0
Other amounts payable`47/48`	125,370	128,669	132,008	143,321	80,946	145,251	72,546	5,010	109,341	15,239	24,462	26,749	86,699	34,384	11,252	9,416	10,121	13,481	-	31,715
Accrued charges and deferred income`492/3`	-	-	-	-	-	-	-	950	-	-	-	-	-	-	-	-	-	-	-	-
Income statement
Non-recurring operating income`76A`	-	-	-	-	-	-	-	-	-	-	6,335	-	-	-	-	-	-	-	-	-
Gross operating margin`9900`	229,272	256,148	210,628	178,754	187,459	175,964	184,824	187,891	135,675	158,805	152,160	126,789	115,695	45,473	82,935	63,746	51,244	43,073	74,602	-1,050
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	22,908	22,908	20,669	18,570	18,570	17,463	14,394	14,394	22,314	22,314	22,314	15,295	19,838	15,449	13,002	13,000	10,957	10,957	8,457	-
Other operating charges`640/8`	1,737	1,634	1,572	1,476	1,448	2,236	1,359	1,328	1,342	1,352	2,282	2,210	4,796	1,574	1,682	2,551	1,173	790	-	-
Non-recurring operating charges`66A`	-	-	-	-	-	-	-	-	-	-	194	-	-	-	-	1,500	-	-	-	-
Operating profit (loss)`9901`	204,628	231,606	188,387	158,708	167,441	156,265	169,072	172,169	112,019	135,138	127,563	109,285	91,061	28,450	68,251	48,195	39,114	31,325	66,145	-1,050
Financial income`75/76B`	10,519	8,724	3,949	170	345	2,866	240	283	207	202	1,079	284	774	1,132	342	35	6	0	337	-
Recurring financial income`75`	10,519	8,724	3,949	170	345	387	240	283	207	202	1,079	284	774	1,132	342	35	6	0	337	-
Non-recurring financial income`76B`	-	-	-	-	-	2,479	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial charges`65/66B`	354	434	299	1,315	701	1,132	1,503	1,891	2,539	3,684	4,566	7,569	6,588	3,730	754	797	854	1,106	170	95
Recurring financial charges`65`	354	434	299	1,315	701	1,132	1,503	1,891	2,539	3,684	4,566	7,569	6,588	3,730	754	797	854	1,106	170	95
Profit (loss) for the period before taxes`9903`	214,792	239,896	192,037	157,563	167,085	157,999	167,809	170,561	109,687	131,656	130,217	102,000	85,246	25,851	67,839	45,933	38,267	30,219	66,312	-1,145
Income taxes`67/77`	64,613	72,494	56,613	48,708	51,935	47,977	53,437	54,544	42,705	49,949	55,259	36,628	25,947	5,811	22,328	15,814	12,909	10,729	12,681	-
Profit (loss) for the period`9904`	150,179	167,402	135,424	108,855	115,150	110,022	114,372	116,018	66,982	81,707	74,958	65,372	59,299	20,040	45,511	30,119	25,357	19,490	53,630	-1,145
Profit (loss) for the period to be appropriated`9905`	150,179	167,402	135,424	108,855	115,150	110,022	114,372	116,018	66,982	81,707	74,958	65,372	59,299	20,040	45,511	30,119	25,357	19,490	53,630	-1,145
Appropriation of the result
Profit (loss) to be appropriated`9906`	153,294	170,517	138,540	111,970	118,266	113,138	117,488	119,853	70,817	83,835	144,764	135,179	194,067	134,768	114,728	69,217	39,098	16,141	-3,349	-56,979
Profit (loss) brought forward from the previous period`14P`	3,116	3,116	3,116	3,116	3,116	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	110,022	114,372	116,018	66,982	80,000	142,636	65,372	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	150,179	167,402	135,424	108,855	115,150	110,022	114,372	116,018	66,982	80,000	142,636	65,372	10,260	-	-	-	-	2,400	-	-
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	-	-	10,260	-	-	-	-	2,400	-	-
To other reserves`6921`	150,179	167,402	135,424	108,855	115,150	110,022	114,372	116,018	66,982	80,000	142,636	65,372	-	-	-	-	-	-	-	-
Profit to be distributed`694/7`	110,022	114,372	116,018	66,982	80,000	142,636	65,372	720	-	-	-	-	114,000	-	-	-	-	-	-	-
Return on contributions (dividend)`694`	110,022	114,372	116,018	66,982	80,000	142,636	65,372	720	-	-	-	-	114,000	-	-	-	-	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	18-07-2026	2026-00308775	PDF
31-12-2024	micro format	03-07-2025	2025-00223710	PDF
31-12-2023	micro format	15-07-2024	2024-00245741	PDF
31-12-2022	micro format	04-07-2023	2023-00196026	PDF
31-12-2021	micro format	15-07-2022	2022-20189570	PDF
31-12-2020	micro format	02-07-2021	2021-30500543	PDF
31-12-2019	micro format	30-06-2020	2020-23900060	PDF
31-12-2018	micro format	17-06-2019	2019-18800547	PDF
31-12-2017	micro format	19-06-2018	2018-19900247	PDF
31-12-2016	micro format	28-06-2017	2017-23400246	PDF
31-12-2015	abbreviated format	27-07-2016	2016-36400067	PDF
31-12-2014	abbreviated format	09-07-2015	2015-29000217	PDF
31-12-2013	abbreviated format	30-07-2014	2014-37200108	PDF
31-12-2012	abbreviated format	01-08-2013	2013-38800052	PDF
31-12-2011	abbreviated format	30-06-2012	2012-24500430	PDF
31-12-2010	abbreviated format	13-07-2011	2011-29300252	PDF
31-12-2009	abbreviated format	01-07-2010	2010-26100431	PDF
31-12-2008	abbreviated format	17-07-2009	2009-43800087	PDF
31-12-2007	abbreviated format	28-11-2008	2008-83500033	PDF
31-12-2006	abbreviated format	04-07-2007	2007-35200022	PDF
31-12-2005	abbreviated format	27-07-2006	2006-57403996	PDF
31-12-2004	abbreviated format	09-05-2006	2006-14002695	PDF
31-12-2003	abbreviated format	29-07-2004	2004-56002512	PDF
31-12-2002	abbreviated format	31-12-2003	2003-87101027	PDF
31-12-2001	abbreviated format	24-12-2003	2003-84700207	PDF
31-12-2000	abbreviated format	15-11-2002	2002-72004704	PDF
31-12-1999	abbreviated format	08-01-2001	2001-00600089	PDF
31-12-1998	abbreviated format	08-01-2001	2001-00600074	PDF
31-12-1997	abbreviated format	16-11-1998	1998-57505306	PDF
31-12-1996	abbreviated format	30-10-1997	1997-51404420	PDF
31-12-1995	abbreviated format	16-09-1996	1996-44100252	PDF
31-12-1994	abbreviated format	17-07-1996	1996-35101258	PDF
31-12-1993	abbreviated format	17-02-1995	1995-02800301	PDF
31-12-1992	abbreviated format	10-05-1994	1994-07903583	PDF
31-12-1991	abbreviated format	27-07-1992	1992-24604499	PDF
31-12-1990	abbreviated format	23-12-1991	1991-33702176	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	227,535	254,514	209,056	177,278	186,011	173,728	183,466	186,563	134,333	157,452	149,878	124,579	110,898	43,899	81,253	61,195	50,071	42,283	74,602	-
Cash flow	173,086	190,310	156,093	127,425	133,720	127,486	128,766	130,412	89,297	104,022	97,272	80,667	79,137	35,489	58,513	43,119	36,314	30,447	62,088	-
Investment in fixed assets (approximation)	0	0	71,688	0	0	28,767	0	1,239	0	-5	50,000	25	34,523	294,478	0	18,173	0	8,725	42,287	-
Change in cash	-48,088	26,883	22,019	27,823	-42,709	-10,554	35,808	-21,152	-18,284	55,279	18,247	-18,315	11,229	-617	1,146	-56,324	43,470	3,201	17,235	-
Working capital	516,133	453,069	377,131	407,224	346,781	301,158	358,610	309,277	192,575	218,182	126,074	72,100	7,628	-8,451	130,816	72,303	44,857	8,543	-13,179	-34,120
Solvency	83.3%	81.9%	81.0%	79.5%	85.7%	75.5%	82.9%	87.6%	69.6%	79.3%	73.9%	65.3%	49.8%	47.8%	84.3%	86.6%	70.0%	53.5%	40.3%	-
Current ratio	4.59	4.02	3.58	3.62	4.68	2.85	4.83	9.41	2.54	5.12	3.44	2.15	1.07	0.85	5.98	5.90	2.60	1.24	0.57	-
Debt to equity	0.20	0.22	0.23	0.26	0.17	0.32	0.21	0.14	0.44	0.26	0.35	0.53	1.01	1.09	0.19	0.15	0.43	0.87	1.48	-
ROE	21.0%	24.7%	21.7%	18.0%	20.5%	20.9%	20.4%	22.7%	16.9%	19.0%	21.5%	23.8%	28.4%	12.4%	32.2%	31.5%	38.7%	48.6%	259.7%	-
ROA	17.4%	20.3%	17.6%	14.3%	17.5%	15.8%	16.9%	19.9%	11.8%	15.0%	15.9%	15.6%	14.1%	5.9%	27.2%	27.3%	27.1%	26.0%	104.6%	-
Interest coverage	over 100	over 100	over 100	over 100	over 100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	2025	2024	2023	2022	2021
Mortgages, amount registered	-	-	-	-	€145,000
Carrying value of the mortgaged assets	-	-	-	-	€204,285

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	-	€71,688	-	-
Depreciation and write-downs of the year	€22,908	€22,908	€20,669	€18,570	€18,570

Overview

Lifetime

Key points

Equity

Filings

Position in the sector

Checked score

Score breakdown

Comparable companies, two years later

Credit verdict

Signals

Board and ownership

Recent changes

Comparable companies

Official details

Annual accounts 2025

Insights on MACOFISC

Financials

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency83.3%

Current ratio4.59

Return on assets17.4%

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2024, 1 entry, €90 awarded, €90 paid

Key figures and ratios

Securities and guarantees

Investments

Insights on MACOFISC

Board & ownership

Board

Mandates through the years

Control

Capital

Articles of association

Network & group

No group

At the same address

Timeline

Timeline

History

Company details

Identity

Activities

Registered office and establishments

Buildings and parcels at the address

Location

Parcels