MACOL
Annual accounts 2025
abbreviated format, filed on 30-04-2026, on the day of the deadlineTurnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €3.5m. Estimated: probably between €1.9m and €5.5m.
Balance sheet
balance sheet total €2.4m on 30-09-2025in euro
in euro
Position in the sector
21.6%
Higher than 33% of 12,852 companies in 2025.
1.77
Higher than 57% of 12,642 companies in 2025.
4.6%
Higher than 51% of 12,716 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: top quarter · Working capital: top quarter · Staff: middle half
Staff
€88,865
Staff costs divided by the average number of full-time equivalents.
-1 person
In 2025, 1 person joined and 2 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
2.4m | 2.6m | 2.5m | 2.3m | 2.0m | 2.0m | 1.9m | 1.8m | 1.7m | 1.6m | 1.6m | 1.5m | 1.4m | 1.5m | 1.4m | 1.4m | 1.9m | 1.8m | 1.7m | |
21/28 |
723,653 | 743,950 | 780,315 | 819,611 | 846,509 | 755,510 | 787,323 | 816,442 | 843,604 | 863,364 | 907,754 | 909,879 | 692,993 | 721,317 | 750,321 | 795,630 | 823,138 | 714,962 | 481,209 | |
21 |
0 | 32 | 161 | 290 | 0 | 2,167 | 4,334 | - | - | - | - | - | - | - | - | 550 | - | - | - | |
22/27 |
723,653 | 743,918 | 780,154 | 819,320 | 846,509 | 753,343 | 782,989 | 816,442 | 843,604 | 863,364 | 907,754 | 909,879 | 692,993 | 721,317 | 750,321 | 795,080 | 823,138 | 714,962 | 481,209 | |
22 |
703,756 | 722,374 | 745,701 | 762,814 | 809,782 | 690,930 | 711,366 | 731,628 | 750,619 | 773,403 | 796,187 | 817,671 | 678,445 | 691,693 | 706,167 | 722,906 | 736,887 | 659,539 | 411,837 | |
23 |
11,254 | 17,659 | 31,292 | 53,036 | 27,258 | 48,476 | 55,720 | 62,278 | 82,571 | 74,156 | 90,033 | 90,545 | 12,727 | 21,701 | 28,879 | 40,739 | 37,514 | 6,152 | 3,676 | |
24 |
8,642 | 3,885 | 3,161 | 3,471 | 9,468 | 13,937 | 15,903 | 22,537 | 10,414 | 15,805 | 21,535 | 1,663 | 1,820 | 7,923 | 15,274 | 31,434 | 48,736 | 49,272 | 65,696 | |
29/58 |
1.6m | 1.8m | 1.7m | 1.5m | 1.2m | 1.3m | 1.1m | 947,785 | 829,349 | 722,425 | 683,786 | 576,423 | 667,736 | 762,998 | 694,815 | 602,782 | 1.1m | 1.1m | 1.2m | |
3 |
946,881 | 1.2m | 1.3m | 825,924 | 663,777 | 701,532 | 640,968 | 530,741 | 503,533 | 477,792 | 464,342 | 379,377 | 422,920 | 450,389 | 396,484 | 312,662 | 193,867 | 70,897 | 8,464 | |
30/36 |
946,881 | 1.2m | 1.3m | 825,924 | 663,777 | 701,532 | 640,968 | 530,741 | 503,533 | 477,792 | 464,342 | 379,377 | 422,920 | 450,389 | 396,484 | 312,662 | 193,867 | 70,897 | 8,464 | |
40/41 |
463,943 | 358,468 | 220,774 | 78,121 | 8,027 | 34,344 | 26,211 | 47,584 | 1,946 | 1,773 | 2,639 | 3,567 | 6,040 | 5,117 | 10,199 | 7,340 | 20,353 | 15,326 | 8,094 | |
40 |
158,899 | 130,082 | 33,457 | 78,121 | 8,027 | 34,344 | 26,211 | 47,584 | 1,818 | - | 2,639 | 3,387 | 842 | 1,705 | 6,778 | 5,148 | 12,336 | 7,703 | 5,024 | |
41 |
305,044 | 228,386 | 187,317 | - | - | - | - | - | 128 | 1,773 | - | 179 | 5,198 | 3,412 | 3,420 | 2,192 | 8,017 | 7,624 | 3,070 | |
50/53 |
75,169 | 89,712 | 71,007 | 42,476 | 26,271 | 36,000 | - | - | - | - | - | - | - | 250,000 | 250,000 | 250,000 | 710,000 | 580,000 | 500,000 | |
54/58 |
132,605 | 159,450 | 183,192 | 508,772 | 449,856 | 517,868 | 431,516 | 369,460 | 323,870 | 242,860 | 216,804 | 193,479 | 238,776 | 57,492 | 38,132 | 29,793 | 17,892 | 139,889 | 24,695 | |
490/1 |
30,043 | 10,017 | 6,571 | 3,351 | 3,399 | 361 | - | - | - | - | - | - | - | - | - | 2,987 | 152,871 | 303,121 | 701,990 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
2.4m | 2.6m | 2.5m | 2.3m | 2.0m | 2.0m | 1.9m | 1.8m | 1.7m | 1.6m | 1.6m | 1.5m | 1.4m | 1.5m | 1.4m | 1.4m | 1.9m | 1.8m | 1.7m | |
10/15 |
512,045 | 512,045 | 512,045 | 1.7m | 1.5m | 1.2m | 995,214 | 1.1m | 1.1m | 1.0m | 986,885 | 924,305 | 904,621 | 764,962 | 746,619 | 717,905 | 1.7m | 1.7m | 1.7m | |
10/11 |
192,500 | 192,500 | 192,500 | 192,500 | 192,500 | 192,500 | 192,500 | 417,500 | 417,500 | 417,500 | 417,500 | 417,500 | 192,500 | 192,500 | 192,500 | 192,500 | 1.2m | 1.2m | 1.2m | |
10 |
192,500 | 192,500 | 192,500 | 192,500 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
192,500 | 192,500 | 192,500 | 192,500 | 192,500 | 192,500 | 192,500 | 417,500 | 417,500 | 417,500 | 417,500 | 417,500 | 192,500 | 192,500 | 192,500 | 192,500 | 1.2m | 1.2m | 1.2m | |
13 |
319,545 | 319,545 | 319,545 | 1.5m | 1.3m | 974,577 | 802,714 | 696,735 | 644,653 | 599,057 | 569,385 | 506,805 | 712,121 | 572,462 | 554,119 | 525,405 | 471,218 | 459,808 | 470,198 | |
130/1 |
41,750 | 41,750 | 41,750 | 41,750 | 41,750 | 41,750 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
41,750 | 41,750 | 41,750 | 41,750 | 41,750 | 41,750 | 41,750 | 41,750 | 41,750 | 41,750 | 41,750 | 41,750 | 119,250 | 119,250 | 119,250 | 119,250 | 119,250 | 119,250 | 119,250 | |
132 |
- | - | - | - | - | - | - | 1,653 | 3,306 | 4,959 | 6,612 | - | - | - | - | - | - | - | - | |
133 |
277,795 | 277,795 | 277,795 | 1.5m | 1.2m | 932,827 | 760,964 | 653,332 | 599,597 | 552,348 | 521,023 | 465,055 | 592,871 | 453,212 | 434,869 | 406,155 | 351,968 | 340,558 | 350,948 | |
14 |
0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
17/49 |
1.9m | 2.1m | 2.0m | 566,210 | 532,734 | 878,537 | 890,804 | 649,992 | 610,800 | 569,232 | 604,656 | 561,997 | 456,108 | 719,354 | 698,517 | 680,506 | 254,403 | 171,887 | 61,754 | |
17 |
920,000 | 1.0m | 800,000 | 5,833 | 16,499 | 34,499 | 52,499 | 70,499 | 88,499 | 106,499 | 124,499 | 142,500 | 64,666 | 78,666 | 86,667 | 94,667 | 102,667 | 110,667 | - | |
170/4 |
- | - | - | - | 16,499 | 34,499 | 52,499 | 70,499 | 88,499 | 106,499 | 124,499 | 142,500 | 64,666 | 78,666 | 86,667 | 94,667 | 102,667 | 110,667 | - | |
175 |
920,000 | 1.0m | 800,000 | 5,833 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
42/48 |
933,317 | 1.0m | 1.2m | 552,354 | 513,228 | 841,635 | 835,219 | 576,827 | 516,671 | 438,834 | 472,657 | 413,707 | 386,202 | 637,609 | 608,497 | 583,424 | 142,712 | 57,960 | 54,971 | |
42 |
580,839 | 445,000 | 145,833 | 10,666 | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | 8,000 | 8,000 | 8,000 | 8,000 | 58,000 | 8,000 | - | |
44 |
185,991 | 310,574 | 394,214 | 209,978 | 97,967 | 213,630 | 197,433 | 193,161 | 104,042 | 90,033 | 121,014 | 64,030 | 62,567 | 66,041 | 55,450 | 31,410 | 24,289 | 3,377 | 1,497 | |
440/4 |
185,991 | 310,574 | 394,214 | 209,978 | 97,967 | 213,630 | 197,433 | 193,161 | 104,042 | 90,033 | 121,014 | 64,030 | 62,567 | 66,041 | 55,450 | 31,410 | 24,289 | 3,377 | 1,497 | |
46 |
0 | 5,502 | 19,889 | 14,984 | 8,863 | 8,266 | 8,009 | 913 | 5,065 | 4,168 | 2,856 | 2,759 | 1,670 | 1,302 | 2,660 | 2,149 | 798 | - | - | |
45 |
58,432 | 116,913 | 63,306 | 82,152 | 80,941 | 194,739 | 149,049 | 96,443 | 99,205 | 20,060 | 27,966 | 7,871 | 16,803 | 12,683 | 10,805 | 5,283 | 13,043 | - | 6,892 | |
450/3 |
32,151 | 91,047 | 39,417 | 63,321 | 61,974 | 178,402 | 133,127 | 80,683 | 85,449 | 10,697 | 16,412 | 2,470 | 13,804 | 8,621 | 5,518 | 1,069 | 10,845 | - | 1,409 | |
454/9 |
26,281 | 25,866 | 23,889 | 18,831 | 18,967 | 16,337 | 15,921 | 15,759 | 13,757 | 9,363 | 11,553 | 5,401 | 2,999 | 4,062 | 5,288 | 4,214 | 2,198 | - | 5,483 | |
47/48 |
108,055 | 157,690 | 579,781 | 234,574 | 307,457 | 406,999 | 462,729 | 268,310 | 290,358 | 306,573 | 302,821 | 321,047 | 297,162 | 549,582 | 531,582 | 536,582 | 46,582 | 46,582 | 46,582 | |
492/3 |
6,932 | 303 | 1,665 | 8,024 | 3,007 | 2,404 | 3,086 | 2,667 | 5,630 | 23,898 | 7,500 | 5,790 | 5,239 | 3,078 | 3,353 | 2,416 | 9,024 | 3,261 | 6,783 | |
| Income statement | ||||||||||||||||||||
76A |
- | - | - | - | 23,222 | 285 | 800 | - | 500 | - | 8,264 | - | - | 1,136 | 5,432 | 1,100 | 37,401 | - | - | |
9900 |
519,186 | 574,416 | 575,858 | 642,952 | 669,278 | 614,316 | 435,425 | 348,176 | 311,131 | 249,591 | 289,052 | 235,829 | 389,038 | 163,077 | 134,438 | 135,150 | 30,882 | -8,211 | 26,043 | |
62 |
275,483 | 281,956 | 198,963 | 181,400 | 159,451 | 141,590 | 150,986 | 146,630 | 118,768 | 79,576 | 123,922 | 105,620 | 145,443 | 68,754 | 48,783 | 35,138 | 21,056 | -1,335 | 29,611 | |
630 |
38,290 | 38,858 | 47,794 | 52,440 | 51,250 | 46,019 | 50,193 | 53,373 | 51,097 | 47,422 | 48,123 | 41,999 | 59,815 | 38,397 | 41,093 | 47,509 | 43,647 | 29,941 | 21,359 | |
631/4 |
- | - | 0 | 6,362 | 7,488 | 16,230 | 14,549 | 15,468 | 9,197 | 16,079 | - | - | - | - | - | - | - | - | - | |
640/8 |
10,560 | 10,755 | 18,744 | 6,693 | 8,074 | 8,956 | 9,049 | 11,187 | 10,486 | 8,164 | 8,217 | 5,505 | 11,057 | 5,473 | 6,010 | 5,118 | 2,028 | 2,232 | 957 | |
66A |
- | 0 | 55 | 781 | - | - | - | - | 1,619 | - | - | - | 4,168 | 2,062 | - | - | 1,564 | - | 26,950 | |
9901 |
194,854 | 242,847 | 310,302 | 395,276 | 443,016 | 401,521 | 210,649 | 121,518 | 119,963 | 98,351 | 108,790 | 82,705 | 172,724 | 50,453 | 38,552 | 47,385 | -35,850 | -39,050 | -25,883 | |
75/76B |
19,497 | 13,369 | 8,767 | 230 | 17,052 | 92 | 1,745 | 4,221 | 672 | 735 | 1,132 | 2,551 | 22,556 | 12,198 | 11,499 | 17,475 | 23,128 | 33,080 | 428,269 | |
75 |
19,497 | 13,369 | 8,767 | 230 | 17,052 | 92 | 1,745 | 4,221 | 672 | 735 | 1,132 | 2,551 | 22,556 | 12,198 | 11,499 | 17,475 | 23,128 | 33,080 | 428,269 | |
65/66B |
68,118 | 67,373 | 16,810 | 16,352 | 17,459 | 18,579 | 17,512 | 17,881 | 19,611 | 19,452 | 23,521 | 23,647 | 39,266 | 25,384 | 26,769 | 11,773 | 11,705 | 4,419 | 5,847 | |
65 |
68,118 | 67,373 | 16,810 | 16,352 | 17,459 | 18,579 | 17,512 | 17,881 | 19,611 | 19,452 | 23,521 | 23,647 | 39,266 | 25,384 | 26,769 | 11,773 | 11,705 | 4,419 | 5,847 | |
9903 |
146,233 | 188,843 | 302,259 | 379,154 | 442,609 | 383,034 | 194,881 | 107,858 | 101,024 | 79,634 | 94,665 | 61,609 | 151,846 | 36,342 | 28,714 | 54,187 | 11,410 | -10,390 | 369,589 | |
67/77 |
36,322 | 47,342 | 79,478 | 97,178 | 118,070 | 120,292 | 53,991 | 31,776 | 31,428 | 9,962 | 9,900 | - | - | - | - | - | - | - | 20 | |
9904 |
109,910 | 141,502 | 222,781 | 281,975 | 324,539 | 262,742 | 140,890 | 76,082 | 69,596 | 69,672 | 84,765 | 61,609 | 151,846 | 36,342 | 28,714 | 54,187 | 11,410 | -10,390 | 369,569 | |
789 |
- | - | - | - | - | - | 1,653 | 1,653 | 1,653 | 1,653 | 1,653 | - | - | - | - | - | - | - | - | |
689 |
- | - | - | - | - | - | - | - | - | - | 8,264 | - | - | - | - | - | - | - | - | |
9905 |
109,910 | 141,502 | 222,781 | 281,975 | 324,539 | 262,742 | 142,543 | 77,735 | 71,249 | 71,325 | 78,154 | 61,609 | 151,846 | 36,342 | 28,714 | 54,187 | 11,410 | -10,390 | 369,569 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
109,910 | 141,502 | 222,781 | 281,975 | 324,539 | 262,742 | 142,543 | 77,735 | 71,249 | 71,325 | 78,154 | 61,609 | 151,846 | 36,342 | 28,714 | 54,187 | 11,410 | -10,390 | 369,569 | |
791/2 |
- | 0 | 1.2m | 31,325 | - | 55,968 | - | - | - | - | - | 250,000 | - | - | - | - | - | 10,390 | - | |
691/2 |
- | - | 0 | 278,265 | 298,028 | 227,831 | 107,632 | 53,735 | 47,249 | 31,325 | 55,968 | 44,684 | 139,660 | 18,342 | 28,714 | 54,187 | 11,410 | - | 369,569 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 109,976 | |
6921 |
- | - | 0 | 278,265 | 298,028 | 227,831 | 107,632 | 53,735 | 47,249 | 31,325 | 55,968 | 44,684 | 139,660 | 18,342 | 28,714 | 54,187 | 11,410 | - | 259,593 | |
694/7 |
109,910 | 141,502 | 1.4m | 35,036 | 26,511 | 90,879 | 34,911 | 24,000 | 24,000 | 40,000 | 22,186 | 266,925 | 12,186 | 18,000 | - | - | - | - | - | |
694 |
108,055 | 138,718 | 1.4m | - | - | 55,968 | - | - | - | - | 12,186 | 266,925 | 12,186 | 18,000 | - | - | - | - | - | |
695 |
- | - | - | 31,325 | 22,800 | 31,200 | 31,200 | 24,000 | 24,000 | 40,000 | 10,000 | - | - | - | - | - | - | - | - | |
696 |
1,855 | 2,783 | 3,000 | 3,711 | 3,711 | 3,711 | 3,711 | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||||||||
9087 |
3.1 | 3.7 | 3.6 | 3.3 | 3.3 | 3 | 3 | 3 | 2.7 | 1.7 | 2.3 | 2.9 | 1.9 | 1.7 | 1.9 | 1.5 | 0.9 | - | 0.8 | |
Hours worked1013 |
5,672 | 6,652 | 6,232 | 5,830 | 5,494 | 4,905 | 5,307 | 5,308 | 4,863 | 2,865 | 3,964 | 4,454 | 5,891 | 3,010 | 2,773 | 2,182 | 1,183 | - | 1,437 | |
| Document | ||||||||||||||||||||
The accounts for 19 older financial years (1987-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 15 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 30-04-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | abbreviated format | 30-04-2026 | 2026-00100048 | |
| 30-09-2024 | abbreviated format | 22-04-2025 | 2025-00072700 | |
| 30-09-2023 | abbreviated format | 30-04-2024 | 2024-00076020 | |
| 30-09-2022 | abbreviated format | 28-04-2023 | 2023-00079037 | |
| 30-09-2021 | abbreviated format | 22-03-2022 | 2022-09100012 | |
| 30-09-2020 | abbreviated format | 30-04-2021 | 2021-13300419 | |
| 30-09-2019 | abbreviated format | 30-04-2020 | 2020-10900337 | |
| 30-09-2018 | abbreviated format | 25-03-2019 | 2019-07800061 | |
| 30-09-2017 | abbreviated format | 29-03-2018 | 2018-08100340 | |
| 30-09-2016 | abbreviated format | 27-03-2017 | 2017-07300194 | |
| 30-09-2015 | abbreviated format | 24-03-2016 | 2016-07100212 | |
| 30-09-2014 | abbreviated format | 24-03-2015 | 2015-06800426 | |
| 30-09-2013 | abbreviated format | 27-03-2014 | 2014-07900435 | |
| 31-12-2011 | abbreviated format | 24-05-2012 | 2012-12900479 | |
| 31-12-2010 | abbreviated format | 27-05-2011 | 2011-12700124 | |
| 31-12-2009 | abbreviated format | 28-06-2010 | 2010-22600131 | |
| 31-12-2008 | abbreviated format | 29-05-2009 | 2009-17200380 | |
| 31-12-2007 | abbreviated format | 27-06-2008 | 2008-30200067 | |
| 31-12-2006 | abbreviated format | 24-07-2007 | 2007-46700342 | |
| 31-12-2005 | abbreviated format | 16-05-2006 | 2006-14403423 | |
| 31-12-2004 | abbreviated format | 24-05-2005 | 2005-16402438 | |
| 31-12-2003 | abbreviated format | 11-06-2004 | 2004-23103961 | |
| 31-12-2002 | abbreviated format | 26-05-2003 | 2003-16502901 | |
| 31-12-2001 | abbreviated format | 28-05-2002 | 2002-14704605 | |
| 31-12-2000 | abbreviated format | 16-05-2001 | 2001-13000058 | |
| 31-12-1999 | abbreviated format | 20-06-2000 | 2000-24704929 | |
| 31-12-1998 | abbreviated format | 26-05-1999 | 1999-11704995 | |
| 31-12-1997 | abbreviated format | 22-06-1998 | 1998-20404147 | |
| 31-12-1996 | abbreviated format | 04-06-1997 | 1997-11805176 | |
| 31-12-1995 | abbreviated format | 25-06-1996 | 1996-22103410 | |
| 31-12-1994 | abbreviated format | 23-05-1995 | 1995-09401303 | |
| 31-12-1993 | abbreviated format | 17-05-1994 | 1994-08601267 | |
| 31-12-1992 | abbreviated format | 11-05-1993 | 1993-07002126 | |
| 31-12-1991 | abbreviated format | 12-06-1992 | 1992-10603483 | |
| 31-12-1990 | abbreviated format | 18-06-1991 | 1991-10603163 | |
| 31-12-1989 | abbreviated format | 09-05-1990 | 1990-04201944 | |
| 31-12-1988 | abbreviated format | 10-05-1989 | 1989-03802158 | |
| 31-12-1987 | abbreviated format | 07-06-1988 | 1988-06602292 |
Subsidies and aid
Flemish government 2022 to 2025, 3 entries, €3,725 awarded, €3,725 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €2,000 | €2,000 |
| 2023 | 1 | €0 | €330 |
| 2022 | 1 | €1,725 | €1,395 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 233,144 | 281,705 | 358,096 | 447,716 | 494,266 | 447,540 | 260,842 | 174,891 | 171,061 | 145,773 | 156,913 | 124,704 | 232,539 | 88,850 | 79,645 | 94,894 | 7,798 | -9,109 | -4,525 | ||
| 148,200 | 180,360 | 270,575 | 334,416 | 375,789 | 308,760 | 191,083 | 129,455 | 120,694 | 117,094 | 132,889 | 103,607 | 211,660 | 74,739 | 69,808 | 101,695 | 55,058 | 19,552 | 390,928 | ||
| 17,993 | 2,493 | 96,880 | 25,542 | 142,249 | 14,206 | 21,073 | 26,211 | 49,898 | 3,032 | 45,998 | 258,885 | 62,105 | 28,505 | 2,749 | 18,901 | 308,477 | 263,695 | 382,123 | ||
| -26,845 | -23,742 | -325,580 | 58,915 | -68,012 | 86,352 | 62,056 | 45,589 | 81,011 | 26,055 | 23,325 | -45,297 | - | 19,360 | 8,340 | 11,901 | -121,997 | 115,194 | - | ||
| 715,324 | 808,398 | 533,394 | 906,290 | 638,103 | 448,470 | 263,476 | 370,958 | 312,678 | 283,590 | 211,129 | 162,716 | 281,534 | 125,389 | 86,318 | 19,357 | 952,271 | 1.1m | 1.2m | ||
| 21.6% | 19.8% | 20.3% | 75.1% | 73.3% | 57.1% | 52.8% | 63.2% | 63.5% | 64.1% | 62.0% | 62.2% | 66.5% | 51.5% | 51.7% | 51.3% | 86.7% | 90.6% | 96.4% | ||
| 1.77 | 1.78 | 1.44 | 2.64 | 2.24 | 1.53 | 1.32 | 1.64 | 1.61 | 1.65 | 1.45 | 1.39 | 1.73 | 1.20 | 1.14 | 1.03 | 7.67 | 19.14 | 22.62 | ||
| 0.75 | 0.60 | 0.40 | 1.15 | 0.95 | 0.70 | 0.55 | 0.72 | 0.63 | 0.56 | 0.46 | 0.48 | 0.63 | 0.49 | 0.49 | 0.50 | 6.31 | 17.91 | 22.46 | ||
| 3.63 | 4.05 | 3.92 | 0.33 | 0.36 | 0.75 | 0.90 | 0.58 | 0.58 | 0.56 | 0.61 | 0.61 | 0.50 | 0.94 | 0.94 | 0.95 | 0.15 | 0.10 | 0.04 | ||
| 21.5% | 27.6% | 43.5% | 16.5% | 22.2% | 22.5% | 14.2% | 6.8% | 6.6% | 6.9% | 8.6% | 6.7% | 16.8% | 4.8% | 3.8% | 7.5% | 0.7% | -0.6% | 22.2% | ||
| 4.6% | 5.5% | 8.9% | 12.4% | 16.2% | 12.8% | 7.5% | 4.3% | 4.2% | 4.4% | 5.3% | 4.1% | 11.2% | 2.4% | 2.0% | 3.9% | 0.6% | -0.6% | 21.4% | ||
| 3.42 | 4.18 | 21.30 | 27.38 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 3 | 4 | 3 | 3 |
| full-time | 3 | 3 | 3 | 3 |
| part-time | 0 | 1 | 0 | - |
| in full-time equivalents | 3 | 3.9 | 3 | 3 |
| 3.1 | 3.7 | 3.6 | 3.3 | |
| On a permanent contract | 2 | 2 | 2 | 2 |
| Joined | 1 | 4 | 3 | 0 |
| Left | 2 | 4 | 3 | 1 |
| Training hours | - | 2 | - | - |
Source: social balance sheet in the 2022 to 2025 annual accounts
Investments
fixed assets acquired| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €17,993 | €2,493 | €96,880 | €25,155 |
| Intangible fixed assets | - | - | - | €388 |
| €38,290 | €38,858 | €47,794 | €52,440 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on MACOL
The operating result for 2025 is 20% lower than in 2024 and the lowest since 2018. It is the fourth fall in a row.
Debt's share of the balance-sheet total falls from 80.2% to 78.4%. Debt is lower.