MACOR
ActiveSummary
MACOR has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€2,701) and a net result of €7,757. Equity is growing by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 16% of 18537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency1▲+1
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.34 against 1.0 in 2024; short-term debt: 74.7% and cash: 0.2% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-24%
Return on assets
68.8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 18537 sector peers (2025).
NBB · sector comparisonPosition among 18537 sector peers
Solvency
better than 16%
← weakest
strongest →
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
29 d late
2023
30 d late
2022
31 d late
2021
31 d late
2020
29 d late
2019
6 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 22 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
-€2,701▲ 74.2%
2024 · -€10,458
Total assets
€11,269▲ 4.8%
2024 · €10,757
Net result
€7,757▲ 3.7%
2024 · €7,479
Working capital
€2,853▲ 10,980%
2024 · €26
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€1,067-€4,559▼ 327%€2,821€7,947▲ 182%€8,306▲ 4.5%
Net result-€1,003within the sector's middle half-€4,939below the sector's middle half▼ 393%€1,828within the sector's middle half€7,479within the sector's middle half▲ 309%€7,757within the sector's middle half▲ 3.7%
Equity-€14,826below the sector's middle half▼ 7.3%-€19,765below the sector's middle half▼ 33.3%-€17,937below the sector's middle half▲ 9.2%-€10,458below the sector's middle half▲ 41.7%-€2,701below the sector's middle half▲ 74.2%
Total assets€4,002below the sector's middle half▼ 23.0%€3,647below the sector's middle half▼ 8.9%€5,357below the sector's middle half▲ 46.9%€10,757below the sector's middle half▲ 101%€11,269below the sector's middle half▲ 4.8%
Debt€18,828▼ 1.0%€23,412▲ 24.3%€23,293▼ 0.5%€21,214▼ 8.9%€13,970▼ 34.1%
Working capital-€4,343▼ 36.8%-€9,281▼ 114%-€6,849▲ 26.2%€26€2,853▲ 10,980%
Solvency-334.8%below the sector's middle half-97.2%below the sector's middle half▲ 237.6pp-24.0%below the sector's middle half▲ 73.3pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 5% above 2024 and is the highest result in the available series.
Key figures and ratios
Current ratio
1.34▲
2024 · 1.00
Quick ratio
0.53▲
2024 · 0.37
Debt to equity
-5.17▼
2024 · -2.03
ROA
68.8%▼
2024 · 69.5%
Debt ≤ 1 year
€8,416▼
2024 · €10,731
Debt > 1 year
€5,554▼
2024 · €10,484
Income taxes
€222▲
2024 · €215
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,799 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.5%
went bankrupt
5.3%
stopped otherwise
91%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,799 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €288 | €640 | €1,114 | €458 | €738 | ▲ 61.1% |
| Gross operating margin9900 | -€780 | -€3,919 | €3,935 | €8,405 | €9,044 | ▲ 7.6% |
| Operating profit (loss)9901 | -€1,067 | -€4,559 | €2,821 | €7,947 | €8,306 | ▲ 4.5% |
| Financial income75/76B | €497 | €0 | €0 | - | - | - |
| Recurring financial income75 | €497 | €0 | €0 | - | - | - |
| Financial charges65/66B | €235 | €176 | €789 | €254 | €327 | ▲ 29.0% |
| Recurring financial charges65 | €235 | €176 | €789 | €254 | €327 | ▲ 29.0% |
| Profit (loss) for the period before taxes9903 | -€805 | -€4,735 | €2,031 | €7,693 | €7,979 | ▲ 3.7% |
| Income taxes67/77 | €198 | €204 | €203 | €215 | €222 | ▲ 3.6% |
| Profit (loss) for the period9904 | -€1,003 | -€4,939 | €1,828 | €7,479 | €7,757 | ▲ 3.7% |
| Profit (loss) for the period to be appropriated9905 | -€1,003 | -€4,939 | €1,828 | €7,479 | €7,757 | ▲ 3.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4,002 | €3,647 | €5,357 | €10,757 | €11,269 | ▲ 4.8% |
| Current assets29/58 | €4,002 | €3,647 | €5,357 | €10,757 | €11,269 | ▲ 4.8% |
| Stocks and contracts in progress3 | €2,012 | €2,068 | €2,950 | €6,769 | €6,769 | = |
| Stocks30/36 | €2,012 | €2,068 | €2,950 | €6,769 | €6,769 | = |
| Amounts receivable within one year40/41 | €1,982 | €1,579 | €2,396 | €3,970 | €4,090 | ▲ 3.0% |
| Trade receivables40 | €1,218 | €1,450 | €1,268 | €2,356 | €3,490 | ▲ 48.1% |
| Other amounts receivable41 | €764 | €129 | €1,128 | €1,614 | €600 | ▼ 62.8% |
| Cash at bank and in hand54/58 | €9 | €0 | €11 | €17 | €17 | ▲ 0.9% |
| Deferred charges and accrued income490/1 | - | - | - | - | €392 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4,002 | €3,647 | €5,357 | €10,757 | €11,269 | ▲ 4.8% |
| Equity10/15 | -€14,826 | -€19,765 | -€17,937 | -€10,458 | -€2,701 | ▲ 74.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€33,426 | -€38,365 | -€36,537 | -€29,058 | -€21,301 | ▲ 26.7% |
| Amounts payable17/49 | €18,828 | €23,412 | €23,293 | €21,214 | €13,970 | ▼ 34.1% |
| Amounts payable after more than one year17 | €10,484 | €10,484 | €10,484 | €10,484 | €5,554 | ▼ 47.0% |
| Financial debts170/4 | €10,484 | €10,484 | €0 | - | - | - |
| Other amounts payable178/9 | - | - | €10,484 | €10,484 | €5,554 | ▼ 47.0% |
| Amounts payable within one year42/48 | €8,345 | €12,928 | €12,206 | €10,731 | €8,416 | ▼ 21.6% |
| Financial debts43 | - | €426 | €0 | - | - | - |
| Credit institutions430/8 | - | €426 | €0 | - | - | - |
| Trade debts44 | €2,102 | €4,133 | €4,329 | €10,109 | €7,572 | ▼ 25.1% |
| Suppliers440/4 | €2,102 | €4,133 | €4,329 | €10,109 | €7,572 | ▼ 25.1% |
| Taxes, remuneration and social security45 | €364 | €204 | €407 | €622 | €844 | ▲ 35.7% |
| Taxes450/3 | €364 | €204 | €407 | €622 | €844 | ▲ 35.7% |
| Other amounts payable47/48 | €5,879 | €8,165 | €7,470 | €0 | €0 | - |
| Accrued charges and deferred income492/3 | €0 | - | €604 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,003 | -€4,939 | €1,828 | €7,479 | €7,757 | ▲ 3.7% |
| Operating cash flow (approximation) | -€1,003 | -€4,939 | €1,828 | €7,479 | €7,757 | ▲ 3.7% |
| Change in cash | - | -€9 | €11 | €6 | €0 | ▼ 97.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €7,757 ▲3.7%
Operating result €8,306, net result €7,757, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 1.00
Current ratio from 0.44 to 1.00; short-term debt falls from €12,206 to €10,731.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €1,828
Net result €1,828 after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet -€4,939
Net result drops to -€4,939, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
29-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 29 days late
2020
31-12
Financial
Back to profitnet €897
Net result €897 after 2 loss-making years.
06-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 6 days late
Show earlier events
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
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.
Location & real-estate footprint
Registered office, Wellen · 1 establishment unit since 2002
Ground area
1,108 m²
Building footprint
217 m²
Volume, LiDAR
1,104 m³
Parcel 73098D1002/02S000, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Smissebroek 48, 3830 Wellen
since 20022.095.706.972
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73098D1002/02S000 | Flanders | 1,108 m² | 1 · 217 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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 siteWellen2.095.706.972
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Diest
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 2,474 companies in sector 47279 we hold annual accounts for 949. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded11-01-2002
Fiscal year end31-12
Activities, NACEBEL 2025
47279Other retail sale of food
47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
47750Retail sale of cosmetics and toilet articles
47762Retail sale of pets, pet food and pet supplies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0476650179
Also
9925:BE0476650179
Registered
15-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.