Equity
MACOS paid out €58,000 in dividends. That is 228% of the 2025 profit.
MACOS paid out €58,000 in dividends. That is 228% of the 2025 profit.
The result fell in 2025 from €75,534 to €25,488.
The accounts state no turnover.
Short-term debts rose from €9,696 to €16,754.
Five of the last ten came late. The 2018 accounts came latest: 29 days after the end of the period.
Higher solvency than 91% of companies in advertising and market research. Sector median 53.2% · 9,119 companies.
In July 2024, 34,691 companies had the same profile as MACOS has now. Each dot stands for 87 companies, two years later.
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,691 companies, not a prediction for MACOS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| MACOS Aalst | €243,509 | €37,963 | 93.1% | - |
| M-Services Ninove | €239,528 | €39,002 | 40.6% | - |
| MARKETING FOR SALE Dendermonde | €200,706 | €38,411 | 28.2% | - |
| WILCOS Temse | €256,778 | €46,898 | 89.3% | - |
| JULAU Uccle | €233,069 | €42,593 | 64.3% | - |
| BUSINESS & CHARITY Zonhoven | €232,900 | €44,248 | 88.1% | - |
| GFC Merksplas | €274,213 | €39,067 | 73.9% | - |
These companies have the same main activity as MACOS: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €201,000 and €274,000, founded between 2006 and 2010.
MACOS files the micro format. That format states no turnover. The gross margin fell from €113,245 in 2009 to €37,963 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €100,000. Estimated: probably between €70,000 and €130,000.
Higher than 92% of 9,119 companies in 2025.
Higher than 92% of 8,757 companies in 2025.
Higher than 51% of 8,885 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||
20/58 |
243,509 | 268,963 | 202,951 | 182,368 | 170,810 | 128,337 | 124,329 | 99,925 | 96,777 | 119,644 | 152,228 | 184,831 | 156,410 | 179,108 | 194,098 | 215,319 | 208,660 | |
21/28 |
22,632 | 23,189 | 30,371 | 35,798 | 33,933 | 8,327 | 55,133 | 61,444 | 69,689 | 88,682 | 115,822 | 144,076 | 115,100 | 144,853 | 143,921 | 171,637 | 156,444 | |
22/27 |
22,632 | 23,189 | 30,371 | 35,798 | 33,933 | 8,327 | 55,133 | 61,444 | 69,689 | 88,682 | 115,822 | 144,076 | 115,100 | 144,853 | 143,921 | 171,637 | 156,444 | |
22 |
- | - | - | - | - | 0 | 49,365 | 56,254 | 63,253 | 70,329 | 77,406 | 84,482 | 91,559 | 98,635 | 105,712 | 109,955 | 122,246 | |
23 |
- | - | - | - | - | - | - | - | - | - | 338 | 1,216 | 1,491 | 1,520 | 3,362 | 6,011 | 6,046 | |
24 |
2,002 | 1,539 | 6,139 | 8,984 | 4,537 | 3,395 | 836 | 258 | 1,504 | 13,420 | 33,146 | 53,446 | 20,064 | 42,712 | 32,861 | 55,671 | 28,152 | |
26 |
20,629 | 21,650 | 24,232 | 26,814 | 29,396 | 4,932 | 4,932 | 4,932 | 4,932 | 4,932 | 4,932 | 4,932 | 1,986 | 1,986 | 1,986 | - | - | |
29/58 |
220,878 | 245,774 | 172,579 | 146,570 | 136,877 | 120,010 | 69,196 | 38,481 | 27,088 | 30,963 | 36,406 | 40,755 | 41,310 | 34,255 | 50,177 | 43,682 | 52,216 | |
29 |
40,000 | 40,000 | 40,000 | 40,000 | 67,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
291 |
40,000 | 40,000 | 40,000 | 40,000 | 67,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
40/41 |
26,131 | 81,966 | 2,944 | 2,742 | 2,956 | 14,753 | 27,869 | 24,894 | 10,935 | 11,730 | 28,474 | 27,013 | 23,284 | 28,698 | 44,668 | 32,221 | 28,579 | |
40 |
7,600 | 8,394 | - | 0 | 2,541 | 702 | 17,431 | 18,586 | 4,386 | 2,727 | 13,174 | 12,720 | 2,263 | 3,252 | 13,974 | 14,996 | 3,921 | |
41 |
18,531 | 73,571 | 2,944 | 2,742 | 414 | 14,051 | 10,437 | 6,308 | 6,549 | 9,003 | 15,300 | 14,293 | 21,021 | 25,446 | 30,694 | 17,225 | 24,658 | |
50/53 |
48,527 | 47,316 | 55,000 | 30,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
54/58 |
105,170 | 76,492 | 72,685 | 63,029 | 60,171 | 105,257 | 39,818 | 12,744 | 15,315 | 18,815 | 7,932 | 13,742 | 18,026 | 5,557 | 5,509 | 10,561 | 22,516 | |
490/1 |
1,050 | 0 | 1,950 | 10,799 | 6,750 | 0 | 1,509 | 844 | 838 | 417 | - | - | - | - | - | 900 | 1,121 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||
10/49 |
243,509 | 268,963 | 202,951 | 182,368 | 170,810 | 128,337 | 124,329 | 99,925 | 96,777 | 119,644 | 152,228 | 184,831 | 156,410 | 179,108 | 194,098 | 215,319 | 208,660 | |
10/15 |
226,755 | 259,267 | 183,733 | 163,708 | 118,310 | 117,304 | 115,279 | 74,316 | 54,459 | 47,946 | 44,748 | 49,041 | 33,565 | 26,235 | 33,920 | 17,873 | 22,202 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
206,848 | 239,360 | 164,360 | 144,860 | 99,860 | 98,360 | 95,360 | 55,360 | 37,360 | 31,860 | 31,860 | 31,860 | 1,860 | 1,550 | 1,550 | 1,550 | 1,550 | |
130/1 |
- | - | 0 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 31,860 | 1,860 | 1,550 | 1,550 | 1,550 | 1,550 | |
1311 |
- | - | 0 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | |
133 |
206,848 | 239,360 | 164,360 | 143,000 | 98,000 | 96,500 | 93,500 | 53,500 | 35,500 | 30,000 | 30,000 | - | - | - | - | - | - | |
14 |
13,707 | 13,707 | 13,173 | 12,648 | 12,250 | 12,744 | 13,719 | 12,756 | 10,899 | 9,886 | 6,688 | 10,981 | 25,505 | 18,485 | 26,170 | 10,123 | 14,452 | |
17/49 |
16,754 | 9,696 | 19,218 | 18,660 | 52,500 | 11,033 | 9,050 | 25,609 | 42,318 | 71,698 | 107,480 | 135,790 | 122,845 | 152,873 | 160,178 | 197,446 | 186,458 | |
17 |
- | - | - | - | - | - | - | - | 8,167 | 32,589 | 65,499 | 89,356 | 78,280 | 114,103 | 115,032 | 144,059 | 130,119 | |
170/4 |
- | - | - | - | - | - | - | - | 8,167 | 32,589 | 65,499 | 89,356 | 78,280 | 114,103 | 115,032 | 144,059 | 130,119 | |
42/48 |
16,754 | 9,696 | 19,218 | 18,660 | 52,500 | 11,033 | 9,050 | 25,609 | 34,151 | 39,110 | 41,981 | 46,434 | 44,565 | 38,770 | 45,146 | 53,387 | 56,339 | |
42 |
- | - | 0 | 2,709 | 1,353 | 1,351 | 1,349 | 9,515 | 24,421 | 29,415 | 25,857 | 30,924 | 32,787 | 27,929 | 29,027 | 30,472 | 19,536 | |
44 |
2,353 | 2,362 | 2,709 | 2,162 | 4,155 | 3,931 | 2,444 | 5,969 | 1,048 | 3,393 | 11,660 | 15,510 | 1,482 | 8,374 | 4,057 | 4,310 | 5,397 | |
440/4 |
2,353 | 2,362 | 2,709 | 2,162 | 4,155 | 3,931 | 2,444 | 5,969 | 1,048 | 3,393 | 11,660 | 15,510 | 1,482 | 8,374 | 4,057 | 4,310 | 5,397 | |
45 |
14,401 | 7,335 | 11,009 | 11,551 | 16,992 | 5,751 | 5,256 | 10,081 | 7,747 | 4,260 | 4,464 | - | 10,296 | 2,467 | 12,062 | 18,605 | 16,406 | |
450/3 |
14,401 | 7,335 | 11,009 | 11,551 | 16,992 | 5,751 | 5,256 | 10,081 | 7,747 | 4,260 | 4,464 | - | 7,497 | 1,619 | 12,062 | 18,605 | 13,524 | |
454/9 |
- | - | - | - | - | - | - | - | - | - | - | - | 2,799 | 848 | - | - | 2,882 | |
47/48 |
- | 0 | 5,500 | 2,238 | 30,000 | - | 0 | 44 | 935 | 2,042 | - | - | - | - | - | - | 15,000 | |
| Income statement | ||||||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 181,901 | 296,690 | |
76A |
0 | 10,376 | 0 | 18,641 | 0 | 39,922 | 0 | 9,418 | 14,513 | - | - | - | - | 2,880 | 18,117 | - | - | |
9900 |
37,963 | 110,857 | 47,359 | 75,329 | 43,410 | 10,765 | 70,787 | 38,180 | 24,141 | 41,729 | 32,194 | 58,982 | 54,139 | 45,127 | 42,946 | 46,672 | 113,245 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 135,228 | 183,445 | |
62 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5,092 | |
630 |
3,693 | 3,983 | 5,427 | 4,977 | 2,730 | 863 | 7,565 | 7,256 | 8,076 | 27,140 | 28,254 | 28,667 | 28,482 | 33,733 | 30,989 | 36,923 | 53,777 | |
640/8 |
1,636 | 1,359 | 2,104 | 1,881 | 1,143 | 1,963 | 2,309 | 2,283 | 2,107 | 2,311 | 1,735 | 3,431 | 2,683 | 2,444 | 3,812 | 2,295 | 2,235 | |
9901 |
32,634 | 105,515 | 39,829 | 68,472 | 39,538 | 7,938 | 60,913 | 28,641 | 13,958 | 12,277 | 2,205 | 26,884 | 22,974 | 8,950 | 8,145 | 7,454 | 52,141 | |
75/76B |
7,631 | 8,164 | 1,041 | 1,038 | 195 | 100 | 1 | 0 | 0 | 0 | 987 | 1,334 | 10 | 9 | 20 | 64 | 580 | |
75 |
7,631 | 8,164 | 1,041 | 1,038 | 195 | 100 | 1 | 0 | 0 | 0 | 987 | 1,334 | 10 | 9 | 20 | 64 | 580 | |
65/66B |
434 | 608 | 342 | 528 | 396 | 441 | 383 | 933 | 2,096 | 3,080 | 4,113 | 4,144 | 5,000 | 5,719 | 6,854 | 6,602 | 8,332 | |
65 |
434 | 608 | 342 | 528 | 396 | 441 | 383 | 933 | 2,096 | 3,080 | 4,113 | 4,144 | 5,000 | 5,719 | 6,854 | 6,602 | 8,332 | |
9903 |
39,831 | 113,071 | 40,527 | 68,982 | 39,338 | 7,597 | 60,530 | 27,707 | 11,863 | 9,197 | -921 | 24,074 | 17,984 | 6,120 | 19,428 | 916 | 44,389 | |
67/77 |
14,343 | 37,538 | 15,002 | 23,584 | 6,732 | 3,948 | 17,967 | 7,850 | 5,350 | 6,000 | 3,372 | 8,598 | 10,654 | 13,805 | 3,381 | 5,245 | 13,387 | |
9904 |
25,488 | 75,534 | 25,525 | 45,398 | 32,606 | 3,649 | 42,563 | 19,857 | 6,513 | 3,197 | -4,293 | 15,476 | 7,330 | -7,685 | 16,047 | -4,329 | 31,002 | |
9905 |
25,488 | 75,534 | 25,525 | 45,398 | 32,606 | 3,649 | 42,563 | 19,857 | 6,513 | 3,197 | -4,293 | 15,476 | 7,330 | -7,685 | 16,047 | -4,329 | 31,002 | |
| Appropriation of the result | ||||||||||||||||||
9906 |
39,195 | 88,707 | 38,173 | 57,648 | 45,350 | 17,368 | 55,319 | 30,756 | 16,399 | 9,886 | 6,688 | 40,981 | 25,815 | 18,485 | 26,170 | 10,123 | 31,002 | |
14P |
13,707 | 13,173 | 12,648 | 12,250 | 12,744 | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
58,000 | 0 | 5,500 | 0 | 30,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
25,488 | 75,000 | 25,000 | 45,000 | 31,500 | 3,000 | 40,000 | 18,000 | 5,500 | - | - | 30,000 | 310 | - | - | - | 1,550 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | 310 | - | - | - | 1,550 | |
6921 |
25,488 | 75,000 | 25,000 | 45,000 | 31,500 | 3,000 | 40,000 | 18,000 | 5,500 | - | - | 30,000 | - | - | - | - | - | |
694/7 |
58,000 | 0 | 5,500 | 0 | 31,600 | 1,624 | 1,600 | - | - | - | - | - | - | - | - | - | 15,000 | |
694 |
58,000 | 0 | 5,500 | 0 | 1,600 | 1,624 | 1,600 | - | - | - | - | - | - | - | - | - | - | |
695 |
- | - | - | 0 | 30,000 | - | - | - | - | - | - | - | - | - | - | - | 15,000 | |
| Social balance sheet | ||||||||||||||||||
9087 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | |
Hours worked1013 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 190 | |
| Document | ||||||||||||||||||
The notes to these accounts have 13 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 23-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 23-06-2026 | 2026-00186812 | |
| 31-12-2024 | micro format | 31-07-2025 | 2025-00346798 | |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00397591 | |
| 31-12-2022 | micro format | 04-07-2023 | 2023-00207202 | |
| 31-12-2021 | micro format | 22-08-2022 | 2022-20308123 | |
| 31-12-2020 | abbreviated format | 16-08-2021 | 2021-49100500 | |
| 31-12-2019 | abbreviated format | 17-07-2020 | 2020-31200236 | |
| 31-12-2018 | abbreviated format | 29-08-2019 | 2019-54700130 | |
| 31-12-2017 | abbreviated format | 24-07-2018 | 2018-37100545 | |
| 31-12-2016 | abbreviated format | 21-08-2017 | 2017-45500017 | |
| 31-12-2015 | abbreviated format | 22-08-2016 | 2016-45300108 | |
| 31-12-2014 | abbreviated format | 31-08-2015 | 2015-56100139 | |
| 31-12-2013 | abbreviated format | 31-08-2014 | 2014-57300556 | |
| 31-12-2012 | abbreviated format | 31-08-2013 | 2013-56700193 | |
| 31-12-2011 | abbreviated format | 30-09-2012 | 2012-60100527 | |
| 31-12-2010 | abbreviated format | 31-08-2011 | 2011-50800221 | |
| 31-12-2009 | abbreviated format | 30-08-2010 | 2010-52600162 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 36,327 | 109,498 | 45,255 | 73,448 | 42,268 | 8,801 | 68,478 | 35,897 | 22,034 | 39,417 | 30,459 | 55,551 | 51,456 | 42,683 | 39,134 | 44,377 | 105,918 | ||
| 29,182 | 79,517 | 30,952 | 50,375 | 35,335 | 4,512 | 50,129 | 27,114 | 14,588 | 30,338 | 23,961 | 44,143 | 35,812 | 26,048 | 47,036 | 32,594 | 84,779 | ||
| 3,136 | -3,199 | 0 | 49,357 | 28,336 | 26,370 | 1,254 | -989 | 2,256 | 0 | 0 | 57,258 | 1,617 | 33,034 | 2,631 | 52,116 | 210,221 | ||
| 28,678 | 3,807 | 9,657 | 2,858 | -45,086 | 65,439 | 27,075 | -2,571 | -3,500 | 10,883 | -5,810 | -4,284 | 12,469 | 48 | -5,052 | -11,955 | - | ||
| 204,123 | 236,078 | 153,362 | 127,910 | 84,377 | 108,977 | 60,147 | 12,872 | -7,063 | -8,147 | -5,575 | -5,679 | -3,255 | -4,515 | 5,031 | -9,705 | -4,123 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4.1% | 17.6% | ||
| 93.1% | 96.4% | 90.5% | 89.8% | 69.3% | 91.4% | 92.7% | 74.4% | 56.3% | 40.1% | 29.4% | 26.5% | 21.5% | 14.6% | 17.5% | 8.3% | 10.6% | ||
| 13.18 | 25.35 | 8.98 | 7.85 | 2.61 | 10.88 | 7.65 | 1.50 | 0.79 | 0.79 | 0.87 | 0.88 | 0.93 | 0.88 | 1.11 | 0.82 | 0.93 | ||
| 0.07 | 0.04 | 0.10 | 0.11 | 0.44 | 0.09 | 0.08 | 0.34 | 0.78 | 1.50 | 2.40 | 2.77 | 3.66 | 5.83 | 4.72 | 11.05 | 8.40 | ||
| 11.2% | 29.1% | 13.9% | 27.7% | 27.6% | 3.1% | 36.9% | 26.7% | 12.0% | 6.7% | -9.6% | 31.6% | 21.8% | -29.3% | 47.3% | -24.2% | 139.6% | ||
| 10.5% | 28.1% | 12.6% | 24.9% | 19.1% | 2.8% | 34.2% | 19.9% | 6.7% | 2.7% | -2.8% | 8.4% | 4.7% | -4.3% | 8.3% | -2.0% | 14.9% | ||
| 83.75 | over 100 | over 100 | over 100 | over 100 | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 30 days | 5 days | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 12 days | 11 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.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €3,136 | - | - | €49,357 | €28,336 |
| €3,693 | €3,983 | €5,427 | €4,977 | €2,730 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 69% lower than in 2024 and the lowest since 2020.
Debt's share of the balance-sheet total rises from 3.6% to 6.9%. Equity is lower and debt is higher.
MACOS has no parent and no holdings in its annual accounts. MACOS shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Edixvelde 92 registered office 9320 Aalst 47400 Retail sale of information and communication equipment | 01-08-2008 | 2.172.379.633 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 41047C1021/00S000 | 604 m² | 1 · 205 m² | 8.1 m · 1 |
If something looks wrong or is missing, please tell us.