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Generated 01-08-2026
Active BE 0401.328.590Private limited company

Macours-Noels

Stationsstraat 103 ·3980 Tessenderlo-Ham, Belgium· 65 yrs active
Sector: Real estate activities (68110)
Conclusion Checked

The computed 12-month bankruptcy probability of Macours-Noels is 0.2% (very low). The 2024 annual accounts show equity of €474k and a net result of €18k. Equity is growing by ~13.5% per year across the filed fiscal years. Its solvency ranks better than 72% of 4944 sector peers (fiscal year 2024). The company has been active since 1960 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.
Key figures
Equity €474k
Net result €18k
Better than sector 72%
Active 65 yrs
Snowflake analysis 5 axes · computed by Checked
Health86Profitability19Solvency84Growth78Stability100
73 / 100

Strong profile, led by stability.

Health 86
Profitability 19
Solvency 84
Growth 78
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.2% Very low
0%0,5%1,5%4%10%≥25%
Long track record −Lower-failure-rate sector −Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Long-established
Founded in 1960, 65 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
86 / 100 Excellent
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 27-07-2025 with the NBB · fiscal year 2024 · micro
€0€100k€200k€300kOperating result 2020: €26k€26kNet result 2020: €26k€26kOperating result 2021: €294k€294kNet result 2021: €210k€210kOperating result 2022: €45k€45kNet result 2022: €24k€24kOperating result 2023: €60k€60kNet result 2023: €34k€34kOperating result 2024: €39k€39kNet result 2024: €18k€18k20202021202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~13.5%/year over 7 fiscal years, indicative, assuming unchanged policy.
€0€200k€400k€600k€800k2025: €568k (€497k - €639k)2026: €622k (€509k - €736k)2027: €677k (€521k - €833k)2018: €185k2019: €180k2020: €197k2021: €405k2022: €426k2023: €458k2024: €474k2018201920202021202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 68, Real estate activities · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 47.3% 16.7%
better than 72% of 4944 sector peers
Net result €18k €2k
better than 70% of 4936 sector peers
Equity €474k €27k
better than 92% of 4947 sector peers
Gross operating margin €100k €27k
better than 82% of 4930 sector peers
Total assets €1.00M €302k
better than 81% of 4946 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€89k
-14.7% -75% vs sector
Net profit
€18k
-48.2% far above sector median
Cash flow
€68k
-14.1% +16% vs sector
Total assets
€1.00M
+15.7% -94% vs sector
Equity
€474k
+3.3% -86% vs sector
Working capital
€76k
-49.1% far above sector median
Income taxes
€16k
-36.4% -88% vs sector
Dividends
€3k
+7.4% ≈ vs sector
Debt
€470k
+35.5% -96% vs sector
Debt ≤ 1y
€136k
+60.7% -97% vs sector
Debt > 1y
€334k
+27.3% -97% vs sector
Current ratio
1.56
-43.5% +83% vs sector
Quick ratio
1.56
-43.5% +132% vs sector
Solvency
47.3%
-10.7% +51% vs sector
Debt / equity
0.99
+31.1% -13% vs sector
ROE
3.8%
-49.9% -36% vs sector
ROA
1.8%
-55.2% far above sector median
Interest coverage
6.33
-46.6% +155% vs sector
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€89k
Net profit€18k
Cash flow€68k
Staff costs-
Income taxes€16k
Dividends€3k
Total assets€1.00M
Equity€474k
Debt€470k
of which ≤ 1y€136k
of which > 1y€334k
Working capital€76k
Employees (FTE)-
Ratios (computed)
2024
Current ratio1.56
Quick ratio1.56
Working capital ratio7.6%
Solvency47.3%
Debt / equity0.99
Long-term debt ratio0.71
Interest coverage6.33
Gross margin-
Net margin-
ROA1.8%
ROE3.8%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€1.00M
Fixed assets 21/28€789k
Tangible fixed assets 22/27€789k
Current assets 29/58€212k
Amounts receivable within one year 40/41€11k
Cash & bank 54/58€17k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.00M
Equity 10/15€474k
Contributions / capital 10/11€56k
Reserves 13€418k
Accumulated profits (losses) 14€0
Provisions & deferred taxes 16€57k
Amounts payable 17/49€470k
Amounts payable after one year 17€334k
Amounts payable within one year 42/48€136k
Trade debts payable within one year 44€45k
Income statement
Gross operating margin 9900€100k
Operating result 9901€39k
Financial income 75€6k
Financial charges 65€14k
Result before taxes 9903€31k
Income taxes 67/77€16k
Net result for the period 9904€18k
Result to be appropriated 9905€26k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 3 directors
Current directors & mandates
  • Marina Macours
    Director
    State Gazette act 26026544 (23-02-2026)
    Current
    01-01-2026 → present
Former directors (2)
  • Maria Noels
    Director
    State Gazette act 20112121 (28-09-2020)
    Former
    28-09-2020 → 01-01-2026
    2 events
    • 01-01-2026 Resigned· Director
    • 28-09-2020 Appointed· Director
  • MACOURS Francois Marie Jean
    Director
    State Gazette act 20112121 (28-09-2020)
    Former
    - → 28-09-2020
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Legal Structure
NACE primary Real estate activities(68110)
Legal form Private limited company(610)
Incorporation21-12-1960
StatusActive
Postal code3980
Establishment units 1 location
Stationsstraat 103, 3980 Tessenderlo-Ham
Handel in onroerend goed
since 19612.105.575.634
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71362B0213/00S003 Flanders 367 m² 1 · 347 m² 9.7 m · 1 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 14 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
23-02-2026
State Gazette act Director changes
v3.2
2025
27-07-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
2024
12-07-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
2023
03-07-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
2022
26-07-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
16-07-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
28-10-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
28-09-2020
State Gazette act Statutes amendment
v3.2
2019
14-10-2019
State Gazette act Registered-office change
v3.2
03-10-2019
NBB filing Annual accounts filed
fiscal year 2018 · verkort
2018
13-09-2018
NBB filing Annual accounts filed
fiscal year 2017 · verkort
2017
18-09-2017
NBB filing Annual accounts filed
fiscal year 2016 · verkort
19-06-2017
State Gazette act Registered-office change
v3.2
2016
16-06-2016
NBB filing Annual accounts filed
fiscal year 2015 · verkort
Belgisch Staatsblad, acts 4 acts
Address history · 2
14-10-2019
v3.2
19-06-2017
v3.2
All acts · 4 updated 5 months ago
2026
23-02-2026 1 director appointed, 1 resigning Director changes
  • Marina Macours, Bestuurder
  • Maria Noels, Bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Maria Noels",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2026-01-01",
      "evidence_quote": "De algemene vergadering beslist tot het ontslag van Maria Noels, met woonplaats te 3980 Tessenderlo-Ham, Markt 1/0001, als niet-statutaire bestuurder, en dit met ingang op 01/01/2026. De algemene vergadering verleent deze persoon kwijting voor de uitoefening van diens mandaat.",
      "discharge_granted": true
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Marina Macours",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2026-01-01",
      "evidence_quote": "De algemene vergadering beslist tot de benoeming van Marina Macours, met woonplaats te 3980 Tessenderlo-Ham, Rodeheide 76, als niet-statutaire bestuurder, en dit met ingang op 01/01/2026."
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0401.328.590",
    "name_full": "MACOURS-NOELS F.",
    "legal_form": "BV"
  }
}
2020
28-09-2020 Articles of association amended Statutes amendment
Summary: v3.2
Technical details 
{
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "statute_change": {
    "name_change": false,
    "seat_change": false,
    "object_change": false,
    "effective_date": "2020-09-03",
    "legal_form_change": false
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0401.328.590",
    "name_full": "MACOURS-NOELS F.",
    "legal_form": "BVBA"
  },
  "signature_regime": "solo",
  "special_mandates": [],
  "governance_change": {
    "admin_delegated_added": []
  }
}
2019
14-10-2019 Registered office moved within Tessenderlo Registered-office change
  • Stationsstraat 121, 3980 Tessenderlo → Stationsstraat 103, 3980 Tessenderlo
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "statutaire",
      "new_address": {
        "city": "Tessenderlo",
        "region": null,
        "street": "Stationsstraat",
        "country": "BE",
        "postcode": "3980",
        "box_number": null,
        "street_number": "103"
      },
      "old_address": {
        "city": "Tessenderlo",
        "region": null,
        "street": "Stationsstraat",
        "country": "BE",
        "postcode": "3980",
        "box_number": null,
        "street_number": "121"
      },
      "effective_date": "2019-05-01",
      "evidence_quote": "Conform artikel 2 van de statuten beslist de zaakvoerder formeel om de maatschappelijke zetel te verplaatsen van Stationsstraat 121 te 3980 Tessenderlo naar Stationsstraat 103 te 3980 Tessenderlo met ingang van 01/05/2019."
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0401.328.590",
    "name_full": "MACOURS-NOELS F.",
    "legal_form": "BVBA"
  }
}
2017
19-06-2017 Registered office moved within Tessenderlo Registered-office change
  • Stationsstraat 103, 3980 Tessenderlo → Stationsstraat 121, 3980 Tessenderlo
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "statutaire",
      "new_address": {
        "city": "Tessenderlo",
        "region": null,
        "street": "Stationsstraat",
        "country": "BE",
        "postcode": "3980",
        "box_number": null,
        "street_number": "121"
      },
      "old_address": {
        "city": "Tessenderlo",
        "region": null,
        "street": "Stationsstraat",
        "country": "BE",
        "postcode": "3980",
        "box_number": null,
        "street_number": "103"
      },
      "effective_date": "2017-05-01",
      "evidence_quote": "Dhr. Francois Macours, zaakvoerder van de vennootschap, heeft conform artikel 2 van de statuten beslist om de maatschappelijke zetel te verplaatsen van Stationsstraat 103 te 3980 Tessenderlo naar de Stationsstraat: 121 te 3980 Tessenderlo met ingang van 01/05/2017."
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0401.328.590",
    "name_full": "MACOURS-NOELS F.",
    "legal_form": "BVBA"
  }
}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Handel in eigen onroerend goed68100Handel in eigen onroerend goed68110Handel in elektriciteit35140Handel in elektriciteit35150Verhuur en exploitatie van eigen of geleasd niet-residentieel onroerend goed, exclusief terreinen68203Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen68203
Primary activity highlighted.
Names & trade names
Legal nameNL Macours-Noels
AbbreviationNL Mano
Registered office
Stationsstraat 103
3980 Tessenderlo-Ham, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative