MACOVAK
ActiveMACOVAK has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.32M and a net result of €308k. Equity is growing by ~16% per year across the filed fiscal years. Its solvency ranks better than 69% of 404 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
100
/ 100
Excellent▲ +7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+24
Solvency99=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity ample (current ratio 2.73 against 3.24 in 2024), and 37.8% 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 · 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
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
62.2%
Return on assets
14.5%
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
26 d late
2022
17 d early
2021
23 d early
2020
16 d early
2019
69 d late
← 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.32M▲ 13.5%
2024 · €1.17M
2018: €331k
2019: €540k
2020: €675k
2021: €802k
2022: €827k
2023: €989k
2024: €1.17M
2018 → 2025
Total assets
€2.13M▲ 17.3%
2024 · €1.81M
2018: €983k
2019: €937k
2020: €1.28M
2021: €1.26M
2022: €1.43M
2023: €1.57M
2024: €1.81M
2018 → 2025
Net result
€308k▲ 74.2%
2024 · €177k
2018: €73k
2019: €209k
2020: €135k
2021: €127k
2022: €25k
2023: €235k
2024: €177k
2018 → 2025
Working capital
€766k▲ 28.4%
2024 · €597k
2018: €60k
2019: €283k
2020: €348k
2021: €494k
2022: €439k
2023: €486k
2024: €597k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€802k-€827k▲ 3.2%€989k▲ 19.6%€1.17M▲ 17.9%€1.32M▲ 13.5%
Operating result€181k-€33k▼ 81.6%€365k▲ 994%€260k▼ 28.9%€272k▲ 4.7%
Net result€127k-€25k▼ 80.0%€235k▲ 825%€177k▼ 24.7%€308k▲ 74.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 5% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.13M
Fixed assets
€919k▼ 3.4%
Current assets
€1.21M▲ 40.1%
Equity and liabilities €2.13M
Equity
€1.32M▲ 13.5%
Debt
€804k▲ 24.1%
The debt ratio rises from 35.7% to 37.8%: debt grows faster than equity.
Key figures and ratios
EBITDA
€390k▲
2024 · €380k
Cash flow
€426k▲
2024 · €297k
Solvency
62.2%▼
2024 · 64.3%
Current ratio
2.73▼
2024 · 3.24
Quick ratio
2.43▼
2024 · 2.85
Debt / equity
0.61▲
2024 · 0.56
ROE
23.3%▲
2024 · 15.2%
ROA
14.5%▲
2024 · 9.7%
Interest coverage
25.59▲
2024 · 18.29
Debt
€804k▲
2024 · €648k
Debt ≤ 1 year
€443k▲
2024 · €266k
Debt > 1 year
€360k▼
2024 · €382k
Income taxes
€25k▼
2024 · €63k
Staff costs
€415k▼
2024 · €457k
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€1.81M€2.13M▲
Fixed assets21/28€951k€919k▼
Intangible fixed assets21€2k€668▼
Tangible fixed assets22/27€949k€919k▼
Land and buildings22€805k€799k▼
Plant, machinery and equipment23€99k€80k▼
Furniture and vehicles24€46k€40k▼
Current assets29/58€863k€1.21M▲
Stocks and contracts in progress3€104k€134k▲
Stocks30/36€104k€134k▲
Amounts receivable within one year40/41€505k€991k▲
Trade receivables40€493k€580k▲
Other amounts receivable41€12k€412k▲
Current investments50/53€142k€0▼
Cash at bank and in hand54/58€98k€66k▼
Deferred charges and accrued income490/1€14k€19k▲
Equity and liabilities
Total equity and liabilities10/49€1.81M€2.13M▲
Equity10/15€1.17M€1.32M▲
Contributions10/11€19k€19k=
Reserves13€968k€968k=
Distributable reserves133€968k€968k=
Profit (loss) carried forward14€180k€338k▲
Provisions and deferred taxes16€0-
Provisions for liabilities and charges160/5€0-
Other liabilities and charges164/5€0-
Amounts payable17/49€648k€804k▲
Amounts payable after more than one year17€382k€360k▼
Financial debts170/4€382k€360k▼
Amounts payable within one year42/48€266k€443k▲
Current portion of amounts payable after more than one year42€68k€44k▼
Trade debts44€149k€232k▲
Suppliers440/4€149k€232k▲
Taxes, remuneration and social security45€49k€17k▼
Taxes450/3€27k€7k▼
Remuneration and social security454/9€23k€9k▼
Other amounts payable47/48€189€150k▲
Accrued charges and deferred income492/3-€1k
Income statement
Code20242025
Non-recurring operating income76A€3k€0▼
Remuneration, social security and pensions62€457k€415k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€120k€118k▼
Other operating charges640/8€79k€8k▼
Gross operating margin9900€916k€813k▼
Operating profit (loss)9901€260k€272k▲
Financial income75/76B€760€76k▲
Recurring financial income75€760€76k▲
Financial charges65/66B€21k€15k▼
Recurring financial charges65€21k€15k▼
Profit (loss) for the period before taxes9903€240k€333k▲
Income taxes67/77€63k€25k▼
Profit (loss) for the period9904€177k€308k▲
Profit (loss) for the period to be appropriated9905€177k€308k▲
Appropriation of the result
Profit (loss) to be appropriated9906€180k€488k▲
Profit (loss) brought forward from the previous period14P€3k€180k▲
Transfer from equity791/2€0-
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€0€150k▲
Return on contributions (dividend)694€0-
Directors or managers695-€150k
Social balance
Average headcount (FTE)90876.96.0▼
The notes to these accounts (23 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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €308k ▲74.2%
Net result €308k, the highest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €1MEq €1.17M ▲17.9%
7 profitable years in a row build equity to €1.17M.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 26 days late
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €25k ▼80%
Net result drops to €25k, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 69 days late
2019
31-12
Financial
Equity above €500kEq €540k ▲63.1%
2 profitable years in a row build equity to €540k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Lint · 1 establishment unit since 2003
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.
Lerenveld 452547 LintGround area
1,192 m²
Building footprint
959 m²
Volume, LiDAR
5,601 m³
Parcel 11025D0290/00S000, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Lerenveld 45, 2547 Lint
since 20032.133.936.850
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11025D0290/00S000 | Flanders | 1,191 m² | 1 · 959 m² | 6.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 3,267 EUR awarded · 3,267 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 855 EUR | 855 EUR |
| 2024 | 1 | 0 EUR | 390 EUR |
| 2023 | 1 | 390 EUR | 1,950 EUR |
| 2022 | 1 | 2,022 EUR | 72 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 268 companies in sector 28220 we hold annual accounts for 231. 181 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-10-2003
Fiscal year end31-12
Activities, NACEBEL
28220Manufacture of machinery and equipment not elsewhere classified
28990Manufacture of machinery and equipment not elsewhere classified
22120Manufacture of rubber and plastic products
25130
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.