MACON PROJECTS
ActiveMACON PROJECTS has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €128k and a net result of €108k. Equity is growing by ~9.5% per year across the filed fiscal years. Its solvency ranks better than 50% of 13882 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency34▼-66
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity short (current ratio 0.43 against 73.54 in 2024), and 70.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers 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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
29.2%
Return on assets
24.7%
Age of the figures
8 mo
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 17-03-2026, 136 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
136 d early
2024
93 d early
2023
7 d early
2022
on the day
2021
92 d late
2020
7 d early
2019
18 d early
← 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 monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€128k▲ 348%
2024 · €29k
2018: €20k
2019: €22k
2020: €30k
2021: €33k
2022: €32k
2023: €30k
2024: €29k
2018 → 2025
Total assets
€437k▲ 1,411%
2024 · €29k
2018: €21k
2019: €24k
2020: €34k
2021: €38k
2022: €33k
2023: €32k
2024: €29k
2018 → 2025
Net result
€108k
2024 · €-1k
2018: €5k
2019: €3k
2020: €8k
2021: €3k
2022: €-1k
2023: €-2k
2024: €-1k
2018 → 2025
Working capital
€-177k
2024 · €29k
2018: €20k
2019: €22k
2020: €30k
2021: €33k
2022: €32k
2023: €30k
2024: €29k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€33k-€32k▼ 4.4%€30k▼ 5.3%€29k▼ 4.6%€128k▲ 348%
Operating result€4k-€-970€-965▲ 0.6%€-1k▼ 10.2%€108k
Net result€3k-€-1k€-2k▼ 14.8%€-1k▲ 16.7%€108k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €108k after a loss of €1k in 2024, the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €437k
Fixed assets
€305k
Current assets
€132k
Equity and liabilities €437k
Equity
€128k▲ 348%
Debt
€309k▲ 78,540%
The debt ratio rises from 1.4% to 70.8%: debt grows faster than equity.
Key figures and ratios
Solvency
29.2%▼
2024 · 98.6%
Current ratio
0.43▼
2024 · 73.54
Quick ratio
0.43▼
2024 · 73.54
Debt / equity
2.42▲
2024 · 0.01
ROE
84.4%▲
2024 · -4.9%
ROA
24.7%▲
2024 · -4.8%
Debt
€309k▲
2024 · €393
Debt ≤ 1 year
€309k▲
2024 · €393
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€29k€437k▲
Fixed assets21/28-€305k
Tangible fixed assets22/27-€305k
Land and buildings22-€275k
Plant, machinery and equipment23-€25k
Furniture and vehicles24-€5k
Current assets29/58€29k€132k▲
Amounts receivable within one year40/41€29k€56k▲
Trade receivables40€0-
Other amounts receivable41€29k€56k▲
Cash at bank and in hand54/58€9€76k▲
Equity and liabilities
Total equity and liabilities10/49€29k€437k▲
Equity10/15€29k€128k▲
Contributions10/11€20k€20k=
Capital10-€20k
Issued capital100-€20k
Reserves13€9k-
Distributable reserves133€9k-
Profit (loss) carried forward14-€108k
Amounts payable17/49€393€309k▲
Amounts payable within one year42/48€393€309k▲
Trade debts44€393€24k▲
Suppliers440/4€393€24k▲
Other amounts payable47/48-€285k
Income statement
Code20242025
Other operating charges640/8€115-
Gross operating margin9900€-948€108k▲
Operating profit (loss)9901€-1k€108k▲
Financial charges65/66B€321-
Recurring financial charges65€321-
Profit (loss) for the period before taxes9903€-1k€108k▲
Profit (loss) for the period9904€-1k€108k▲
Profit (loss) for the period to be appropriated9905€-1k€108k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1k€108k▲
Transfer from equity791/2€1k-
The notes to these accounts (2 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
17-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €108k
Net result €108k after 3 loss-making years.
31-12
Financial
Equity above €100kEq €128k ▲348%
Equity rises from €29k to €128k.
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 6current ratio 73.54
Current ratio from 12.95 to 73.54; short-term debt falls from €3k to €393.
31-10
State Gazette act
Merger · Capital
Corporate purpose · Accounting effect
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity quadruplescurrent ratio 29.80
Current ratio from 8.11 to 29.80; short-term debt falls from €5k to €1k.
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 92 days late
2021
24-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
14-06-2024
Resigned as Director
Location & real-estate footprint
Registered office, Bornem · 1 establishment unit since 2016
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.
Weertstraat(MAR) 872880 BornemGround area
806 m²
Building footprint
434 m²
Volume, LiDAR
2,636 m³
2 parcels, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MACON PROJECTS
since 20162.257.413.593
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12362G0399/00C002 | Flanders | 579 m² | 1 · 206 m² | 11.5 m · 3 fl. |
| 12024A0032/00S000 | Flanders | 227 m² | 1 · 227 m² | 6.8 m · 1 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.
Similar companies · same sector, comparable size
CLEAR QUALITY REAL ESTATE
BE 0780.469.720
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VIMARD REAL ESTATE AND EDUCATION
BE 0690.551.512
Wezembeek-Oppem · Eq €128k
MANUMAX
BE 0728.708.243
Comines-Warneton · Eq €128k
PYCOS
BE 0535.536.208
Damme · Eq €128k
T.M.CONCEPT
BE 0776.480.248
Wemmel · Eq €127k
Of 9,637 companies in sector 68121 we hold annual accounts for 7,329. 5,301 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded25-08-2016
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
68122Development of non-residential building projects
71111Activities of building architects
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.