MACONAL
Annual accounts 2025
full format, filed on 30-01-2026, 1 day before the deadline€59.9m
▲ 9.7%
€1.4m
▲ 32.3%
€1.5m
▲ 31.0%
€1.2m
▲ 36.6%
32.4%
▲ 4.7 percentage points
1.36
▲ 0.10
Money flows
of every €100 of turnover, €1.84 remains as profit in 2025Balance sheet
balance sheet total €5.4m on 30-06-2025What the company ownsHow it is paid for
in €m
in €m
Position in the sector
32.4%
Higher than 37% of 3,761 companies in 2025.
1.36
Higher than 34% of 3,727 companies in 2025.
20.3%
Higher than 93% of 3,758 companies in 2025.
MACONAL
Middle half of the sector
80% of the sector
Full accounts in wholesale trade (NACE 46)
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: middle half
Staff
Men and women33% women
12 men and 6 women in full-time equivalents in 2025.
€41,106
Men €41,557, women €40,205 per full-time equivalent. Jobs differ, so this is not a pay gap.
+6 people
people who joined
people who left
In 2025, 159 people joined and 153 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
20/58 |
5.4m | 5.2m | 4.1m | 3.6m | 2.7m | 2.3m | 2.0m | 1.8m | 1.7m | 915,354 | |
21/28 |
440,987 | 486,902 | 432,718 | 267,400 | 263,207 | 255,528 | 215,403 | 174,977 | 130,423 | 111,840 | |
21 |
- | - | 0 | 871 | 1,742 | 2,613 | 3,484 | - | - | - | |
22/27 |
364,301 | 395,077 | 341,224 | 175,035 | 169,971 | 161,421 | 123,345 | 99,443 | 54,889 | 45,636 | |
23 |
94,775 | 120,372 | 72,485 | 86,287 | 89,772 | 73,834 | 55,638 | 59,584 | 8,047 | 12,174 | |
24 |
80,743 | 54,706 | 44,611 | 15,768 | 14,214 | 8,244 | 6,772 | 5,162 | 6,859 | 7,260 | |
25 |
- | 0 | 5,795 | 11,590 | - | 23,180 | - | - | - | - | |
26 |
188,782 | 219,999 | 218,333 | 61,390 | 48,600 | 56,163 | 58,793 | 23,119 | 21,092 | - | |
28 |
76,686 | 91,825 | 91,494 | 91,494 | 91,494 | 91,494 | 88,574 | 75,534 | 75,534 | 66,204 | |
280/1 |
17,744 | 33,294 | - | - | - | - | - | - | - | - | |
280 |
17,744 | 33,294 | - | - | - | - | - | - | - | - | |
284/8 |
58,942 | 58,531 | - | - | - | - | - | - | - | - | |
284 |
6,200 | 6,200 | - | - | - | - | - | - | - | - | |
285/8 |
52,742 | 52,331 | - | - | - | - | - | - | - | - | |
29/58 |
5.0m | 4.8m | 3.6m | 3.4m | 2.4m | 2.1m | 1.7m | 1.6m | 1.6m | 803,514 | |
3 |
2.6m | 2.5m | 2.1m | 2.2m | 1.5m | 1.7m | 1.2m | 1.1m | 1.1m | 484,142 | |
30/36 |
2.6m | 2.5m | 2.1m | 2.2m | 1.5m | 1.7m | 1.2m | 1.1m | 1.1m | 484,142 | |
34 |
2.6m | 2.5m | - | - | - | - | - | - | - | - | |
40/41 |
1.5m | 726,760 | 326,335 | 298,907 | 182,535 | 116,737 | 117,770 | 300,685 | 255,868 | 216,015 | |
40 |
920,977 | 708,703 | 288,391 | 298,907 | 182,535 | 113,373 | 117,770 | 278,701 | 154,291 | 166,365 | |
41 |
533,536 | 18,057 | 37,944 | - | - | 3,364 | - | 21,984 | 101,577 | 49,650 | |
50/53 |
199,462 | 49,462 | 49,305 | 45,566 | - | - | - | - | - | - | |
50 |
150,000 | - | - | - | - | - | - | - | - | - | |
51/53 |
49,462 | 49,462 | - | - | - | - | - | - | - | - | |
54/58 |
701,925 | 1.5m | 1.1m | 785,783 | 708,173 | 290,319 | 367,923 | 203,417 | 276,787 | 87,004 | |
490/1 |
15,234 | 25,500 | 14,054 | 28,277 | 29,070 | 8,892 | 20,729 | 7,306 | 7,545 | 16,352 | |
| Balance sheet: equity and liabilities | |||||||||||
10/49 |
5.4m | 5.2m | 4.1m | 3.6m | 2.7m | 2.3m | 2.0m | 1.8m | 1.7m | 915,354 | |
10/15 |
1.8m | 1.5m | 1.3m | 1.2m | 857,622 | 725,154 | 469,841 | 401,530 | 363,485 | 82,717 | |
10/11 |
20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
100 |
- | - | - | - | - | - | 20,000 | 20,000 | 20,000 | 20,000 | |
13 |
1.7m | 1.4m | 1.2m | 1.1m | 837,622 | 705,154 | 449,841 | 381,530 | 343,485 | 62,717 | |
130/1 |
150,000 | 0 | 2,000 | 2,000 | 2,000 | 2,000 | - | - | - | - | |
130 |
- | - | - | - | - | - | 2,000 | 2,000 | 2,000 | 2,000 | |
1311 |
- | 0 | 2,000 | 2,000 | 2,000 | 2,000 | - | - | - | - | |
1312 |
150,000 | - | - | - | - | - | - | - | - | - | |
133 |
1.6m | 1.4m | 1.2m | 1.1m | 835,622 | 703,154 | 447,841 | 379,530 | 341,485 | 60,717 | |
14 |
- | - | 0 | 0 | - | - | - | - | - | - | |
17/49 |
3.7m | 3.8m | 2.8m | 2.5m | 1.8m | 1.6m | 1.5m | 1.4m | 1.4m | 832,637 | |
17 |
- | - | 0 | 3,140 | 10,552 | 17,793 | 21,686 | 81,016 | 85,599 | 134,556 | |
170/4 |
- | - | 0 | 3,140 | 10,552 | 17,793 | 21,686 | 81,016 | 85,599 | 134,556 | |
42/48 |
3.7m | 3.8m | 2.8m | 2.5m | 1.8m | 1.6m | 1.5m | 1.3m | 1.3m | 698,081 | |
42 |
- | 0 | 3,140 | 7,412 | 7,240 | 28,759 | 59,329 | 62,678 | 48,957 | 47,700 | |
44 |
2.5m | 3.0m | 2.0m | 2.0m | 1.4m | 1.2m | 1.1m | 1.1m | 962,736 | 583,245 | |
440/4 |
2.5m | 3.0m | 2.0m | 2.0m | 1.4m | 1.2m | 1.1m | 1.1m | 962,736 | 583,245 | |
45 |
169,408 | 182,676 | 200,008 | 205,167 | 159,007 | 139,010 | 170,589 | 132,384 | 207,464 | 51,575 | |
450/3 |
60,417 | 77,474 | 80,407 | 85,898 | 55,344 | 33,209 | 67,189 | 39,039 | 181,695 | 51,575 | |
454/9 |
108,991 | 105,202 | 119,601 | 119,269 | 103,663 | 105,801 | 103,400 | 93,346 | 25,769 | - | |
47/48 |
950,000 | 613,862 | 620,711 | 274,202 | 174,559 | 171,725 | 98,216 | 44,788 | 65,838 | 15,561 | |
492/3 |
- | - | - | - | - | - | - | - | 1,224 | - | |
| Income statement | |||||||||||
70/76A |
59.9m | 54.6m | - | - | - | - | - | - | - | - | |
70 |
59.9m | 54.6m | - | - | - | - | - | - | - | - | |
74 |
5,373 | 20,633 | - | - | - | - | - | - | - | - | |
76A |
6,818 | - | - | - | - | - | - | 19,721 | 8,426 | - | |
9900 |
- | - | 1.8m | 1.4m | 1.0m | 1.1m | 844,791 | 788,445 | 1.0m | 689,598 | |
60/66A |
58.5m | 53.6m | - | - | - | - | - | - | - | - | |
60 |
56.4m | 51.5m | - | - | - | - | - | - | - | - | |
600/8 |
56.5m | 51.9m | - | - | - | - | - | - | - | - | |
609 |
-108,047 | -372,507 | - | - | - | - | - | - | - | - | |
61 |
1.1m | 1.2m | - | - | - | - | - | - | - | - | |
62 |
739,913 | 744,636 | 795,469 | 672,066 | 620,775 | 550,771 | 594,011 | 661,803 | 522,686 | 535,618 | |
630 |
93,953 | 82,234 | 55,331 | 41,776 | 33,416 | 25,527 | 26,277 | 21,795 | 15,805 | 18,304 | |
631/4 |
107,274 | 56,780 | 25,878 | 603 | 2,838 | - | 1,242 | - | - | - | |
640/8 |
1,667 | 16,709 | 5,664 | 5,331 | 8,423 | 8,383 | 6,214 | 9,882 | 7,827 | 24,052 | |
66A |
550 | 1,935 | - | - | - | - | 23,760 | - | - | - | |
9901 |
1.4m | 1.1m | 939,982 | 717,120 | 370,980 | 563,996 | 217,046 | 94,965 | 486,346 | 111,623 | |
75/76B |
44,863 | 27,346 | 20,699 | 14,618 | 19,672 | 21,650 | 17,934 | 21,640 | 30,909 | 26,980 | |
75 |
44,863 | 27,346 | 20,699 | 14,618 | 19,672 | 19,273 | 17,934 | 21,640 | 22,482 | 26,980 | |
750 |
3,409 | 2,974 | - | - | - | - | - | - | - | - | |
751 |
5,440 | 156 | - | - | - | - | - | - | - | - | |
752/9 |
36,015 | 24,215 | - | - | - | - | - | - | - | - | |
76B |
- | - | - | - | - | 2,377 | - | - | 8,426 | - | |
65/66B |
12,337 | 14,288 | 19,316 | 12,079 | 15,971 | 14,750 | 40,258 | 21,779 | 13,574 | 41,065 | |
65 |
12,337 | 14,288 | 19,316 | 12,079 | 15,971 | 13,108 | 16,497 | 21,779 | 13,574 | 41,065 | |
650 |
0 | 124 | - | - | - | - | - | - | - | - | |
651 |
- | 0 | - | - | - | - | - | - | - | - | |
652/9 |
12,337 | 14,164 | - | - | - | - | - | - | - | - | |
66B |
- | - | - | - | - | 1,642 | 23,760 | - | - | - | |
9903 |
1.4m | 1.1m | 941,364 | 719,659 | 374,682 | 570,896 | 194,723 | 94,826 | 503,681 | 97,538 | |
67/77 |
322,250 | 271,505 | 230,347 | 176,827 | 92,214 | 165,582 | 51,412 | 31,780 | 172,913 | 34,821 | |
670/3 |
322,250 | 271,505 | - | - | - | - | - | - | - | - | |
9904 |
1.1m | 792,514 | 711,017 | 542,833 | 282,468 | 405,314 | 143,310 | 63,046 | 330,768 | 62,717 | |
9905 |
1.1m | 792,514 | 711,017 | 542,833 | 282,468 | 405,314 | 143,310 | 63,046 | 330,768 | 62,717 | |
| Appropriation of the result | |||||||||||
9906 |
1.1m | 792,514 | 711,017 | 542,833 | 282,468 | 405,314 | 143,310 | 63,046 | 330,768 | 62,717 | |
691/2 |
300,614 | 192,514 | 111,017 | 292,833 | 132,468 | 255,314 | 68,310 | 38,046 | 280,768 | 62,717 | |
6920 |
- | - | - | - | - | - | - | - | - | 2,000 | |
6921 |
300,614 | 192,514 | 111,017 | 292,833 | 132,468 | 255,314 | 68,310 | 38,046 | 280,768 | 60,717 | |
694/7 |
800,000 | 600,000 | 600,000 | 250,000 | 150,000 | 150,000 | 75,000 | 25,000 | 50,000 | - | |
694 |
800,000 | 600,000 | 600,000 | 250,000 | 150,000 | 150,000 | 75,000 | 25,000 | 50,000 | - | |
| Social balance sheet | |||||||||||
9087 |
18 | 15.2 | 15.9 | 15.3 | 11.3 | 11.8 | 12.6 | 12 | 11.1 | 9.1 | |
Men (FTE)1003 |
12 | 10.1 | - | - | - | - | - | - | - | - | |
Women (FTE)1003 |
6 | 5.1 | - | - | - | - | - | - | - | - | |
Hours worked1013 |
22,677 | 22,246 | 22,124 | 21,251 | 16,895 | - | 18,474 | 17,320 | 16,919 | 20,296 | |
| Document | |||||||||||
The notes to these accounts have 69 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 30-01-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | full format | 30-01-2026 | 2026-00027485 | |
| 30-06-2024 | full format | 31-01-2025 | 2025-00022557 | |
| 30-06-2023 | abbreviated format | 20-12-2023 | 2023-00533331 | |
| 30-06-2022 | abbreviated format | 16-01-2023 | 2023-20558933 | |
| 30-06-2021 | abbreviated format | 25-01-2022 | 2022-02700520 | |
| 30-06-2020 | abbreviated format | 27-01-2021 | 2021-02500423 | |
| 30-06-2019 | abbreviated format | 10-12-2019 | 2019-75900530 | |
| 30-06-2018 | abbreviated format | 02-01-2019 | 2019-00100429 | |
| 30-06-2017 | abbreviated format | 30-01-2018 | 2018-03000570 | |
| 30-06-2016 | abbreviated format | 04-01-2017 | 2017-00100364 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1.5m | 1.1m | 995,313 | 758,896 | 404,397 | 589,523 | 243,324 | 116,760 | 502,151 | 129,928 | ||
| 1.2m | 874,748 | 766,349 | 584,609 | 315,884 | 430,841 | 169,588 | 84,841 | 346,572 | 81,021 | ||
| 63,177 | 171,796 | 220,649 | 45,969 | 41,095 | 118,997 | 66,703 | 66,350 | 34,387 | 130,145 | ||
| -759,558 | 329,546 | 346,154 | 77,610 | 417,854 | -77,604 | 164,506 | -73,370 | 189,783 | - | ||
| 1.3m | 967,084 | 828,754 | 886,195 | 604,967 | 487,419 | 276,124 | 307,569 | 319,885 | 105,433 | ||
| 2.3% | 1.9% | - | - | - | - | - | - | - | - | ||
| 32.4% | 27.7% | 30.9% | 31.7% | 32.3% | 31.2% | 24.0% | 22.1% | 20.9% | 9.0% | ||
| 1.36 | 1.26 | 1.29 | 1.36 | 1.34 | 1.31 | 1.19 | 1.23 | 1.25 | 1.15 | ||
| 0.65 | 0.60 | 0.54 | 0.47 | 0.51 | 0.26 | 0.35 | 0.38 | 0.42 | 0.46 | ||
| 2.09 | 2.61 | 2.23 | 2.15 | 2.10 | 2.20 | 3.16 | 3.52 | 3.77 | 10.07 | ||
| 62.7% | 54.5% | 56.4% | 47.2% | 32.9% | 55.9% | 30.5% | 15.7% | 91.0% | 75.8% | ||
| 20.3% | 15.1% | 17.4% | 15.0% | 10.6% | 17.5% | 7.3% | 3.5% | 19.1% | 6.9% | ||
| - | over 100 | 51.53 | 62.83 | - | 44.97 | - | - | - | - | ||
| 6 days | 5 days | - | - | - | - | - | - | - | - | ||
| 16 days | 21 days | - | - | - | - | - | - | - | - |
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.
Revenue breakdown
By activity 2025
- Omzet Cashwell Brussel/Maconal Food €59,897,754100.0%
Source: 2025 accounts, page 22, filing 2026-00027485
Social balance sheet
| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 22 | 16 | 16 | 17 |
| full-time | 19 | 12 | 13 | 15 |
| part-time | 3 | 4 | 3 | 2 |
| in full-time equivalents | 20.9 | 15.1 | 15.2 | 16.4 |
| 18 | 15.2 | 15.9 | 15.3 | |
| On a permanent contract | 19 | 15 | 16 | 17 |
| Joined | 159 | 50 | 6 | 6 |
| Left | 153 | 50 | 7 | 2 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Investments
fixed assets acquired| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 | 30-06-2020 |
|---|---|---|---|---|---|
| Tangible fixed assets | €63,177 | €171,796 | €220,649 | €45,969 | €66,997 |
| Financial fixed assets | €0 | €0 | - | - | €52,000 |
| €93,953 | €82,234 | €55,331 | €41,776 | €25,527 |
Source: notes to the 2020 to 2025 annual accounts (statement of fixed assets)
Insights on MACONAL
The operating result for 2025 is 32% higher than in 2024 and the highest since 2016. It is the fourth rise in a row, after the fall in 2021.
Debt's share of the balance-sheet total falls from 72.3% to 67.6%. Equity is higher and debt is lower.