MACOMAS
ActiveMACOMAS has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €87k and a net result of €-11k. Equity is shrinking by ~18.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 31% of 9167 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
50
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability34▲+19
Solvency37▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity short (current ratio 0.1 against 0.01 in 2024; short-term debt: 64.8% and cash: 0.1% of total assets), and 88.2% of the assets are financed with debt.
Credit advice for your own amount and term
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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-11k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 22-04-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
on the day
2023
152 d early
2022
37 d early
2021
24 d early
2020
29 d early
2019
9 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€87k▼ 11.6%
2024 · €99k
2018: €381k
2019: €369k
2020: €376k
2021: €375k
2022: €113k
2023: €137k
2024: €99k
2018 → 2025
Total assets
€742k▲ 3.0%
2024 · €720k
2018: €1.25M
2019: €1.21M
2020: €1.12M
2021: €1.57M
2022: €1.21M
2023: €1.14M
2024: €720k
2018 → 2025
Net result
€-11k▲ 69.9%
2024 · €-38k
2018: €284
2019: €-11k
2020: €7k
2021: €-790
2022: €-2k
2023: €24k
2024: €-38k
2018 → 2025
Working capital
€-431k▼ 9.3%
2024 · €-394k
2018: €-58k
2019: €-92k
2020: €241k
2021: €-396k
2022: €-125k
2023: €-119k
2024: €-394k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€375k-€113k▼ 69.9%€137k▲ 21.3%€99k▼ 27.8%€87k▼ 11.6%
Operating result€30k-€15k▼ 49.2%€-353€-14k▼ 3,735%€-2k▲ 87.3%
Net result€-790-€-2k▼ 203%€24k€-38k€-11k▲ 69.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2k in 2025 against €14k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €742k
Fixed assets
€692k▼ 3.1%
Current assets
€50k▲ 739%
Equity and liabilities €742k
Equity
€87k▼ 11.6%
Debt
€654k▲ 5.3%
The debt ratio rises from 86.3% to 88.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€21k▲
2024 · €9k
Cash flow
€11k▲
2024 · €-16k
Solvency
11.8%▼
2024 · 13.7%
Current ratio
0.10▲
2024 · 0.01
Quick ratio
0.10▲
2024 · 0.01
Debt / equity
7.48▲
2024 · 6.28
ROE
-13.1%▲
2024 · -38.5%
ROA
-1.5%▲
2024 · -5.3%
Interest coverage
2.10▲
2024 · 0.32
Debt
€654k▲
2024 · €621k
Debt ≤ 1 year
€481k▲
2024 · €400k
Debt > 1 year
€171k▼
2024 · €221k
Income taxes
€0▲
2024 · €-3k
Staff costs
€7k
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€720k€742k▲
Fixed assets21/28€714k€692k▼
Tangible fixed assets22/27€714k€692k▼
Land and buildings22€360k€348k▼
Plant, machinery and equipment23€2k€1k▼
Other tangible fixed assets26€352k€343k▼
Current assets29/58€6k€50k▲
Stocks and contracts in progress3€600€600=
Stocks30/36€600€600=
Amounts receivable within one year40/41€717€47k▲
Trade receivables40€371€46k▲
Other amounts receivable41€346€773▲
Cash at bank and in hand54/58€5k€543▼
Deferred charges and accrued income490/1€0€2k▲
Equity and liabilities
Total equity and liabilities10/49€720k€742k▲
Equity10/15€99k€87k▼
Contributions10/11€260k€260k=
Profit (loss) carried forward14€-161k€-173k▼
Amounts payable17/49€621k€654k▲
Amounts payable after more than one year17€221k€171k▼
Financial debts170/4€221k€171k▼
Amounts payable within one year42/48€400k€481k▲
Current portion of amounts payable after more than one year42€50k€50k=
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Taxes, remuneration and social security45€0€919▲
Taxes450/3€0€59▲
Remuneration and social security454/9-€860
Other amounts payable47/48€347k€428k▲
Accrued charges and deferred income492/3€0€3k▲
Income statement
Code20242025
Non-recurring operating income76A€4k€0▼
Remuneration, social security and pensions62-€7k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€22k=
Other operating charges640/8€8k€2k▼
Non-recurring operating charges66A€34k€0▼
Gross operating margin9900€51k€30k▼
Operating profit (loss)9901€-14k€-2k▲
Financial income75/76B-€98
Recurring financial income75-€98
Financial charges65/66B€27k€10k▼
Recurring financial charges65€27k€10k▼
Profit (loss) for the period before taxes9903€-41k€-11k▲
Transfer from deferred taxes780€0-
Transfer to deferred taxes680€0-
Income taxes67/77€-3k€0▲
Profit (loss) for the period9904€-38k€-11k▲
Profit (loss) for the period to be appropriated9905€-38k€-11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-161k€-173k▼
Profit (loss) brought forward from the previous period14P€-123k€-161k▼
Social balance
Average headcount (FTE)90870.00.1▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Weakest financial yearnet €-38k ▼258%
Net result drops to €-38k, the lowest in the series; recovery starts the following year.
2023
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-09
Financial
Back to profitnet €24k
Net result €24k after 2 loss-making years.
24-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
06-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
01-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
30-09
Financial
Liquidity times 6current ratio 3.21
Current ratio from 0.56 to 3.21; short-term debt falls from €208k to €109k.
21-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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, Ieper · 1 establishment unit since 2007
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.
Schachteweidestraat 458902 IeperGround area
2.2 ha
Building footprint
232 m²
Volume, LiDAR
1,154 m³
Parcel 33036B0220/00P002, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Macomas
since 20072.164.084.846
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33036B0220/00P002 | Flanders | 2.2 ha | 1 · 232 m² | 8.2 m · 2 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
Food safety, FASFC
1 siteIeper2.164.084.846
Similar companies · same sector, comparable size
VVD PROJECTS
BE 0839.479.867
Anzegem · Eq €87k
KD IMMO
BE 0758.449.829
Lincent · Eq €87k
HALTO
BE 0730.846.401
Torhout · Eq €87k
HAECK S
BE 0802.439.428
Wingene · Eq €88k
Pure Estates
BE 0477.933.846
Kalmthout · Eq €87k
Of 9,695 companies in sector 68121 we hold annual accounts for 7,381. 5,279 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-06-2007
Fiscal year end30-09
Activities, NACEBEL
68121Development of residential building projects
68201Renting and operating of own or leased residential real estate, excluding social housing
70120
01450Raising of sheep and goats
68122Development of non-residential building projects
64200Holdings
64210Activities of holding companies
68110Buying and selling of own real estate
74151
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.