MACOVAN
ActiveSummary
MACOVAN has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€17,533) and a net result of -€18,281. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 14% of 17,119 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Overview
Official details
Source: KBO- Status
- Active since 08-12-2008 Normal situation
- Activity
- Development of residential building projects NACE 68121
- Establishment unit
- 2.175.455.721 8820 Torhout, since 16-01-2009
- Financial year end
- 31 December
- Peppol
- Reachable since 01-10-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.8%
- Gross margin
- -€8,402
- ▲ 83.5%
- Loss
- €18,281
- ▼ 64.4%
- Equity
- -€17,533
- Total assets
- €201,615
- ▲ 112%
- Negative equity on 31-12-2025
Score breakdownraises riskCapped at 59: negative equityNegative equity -€17,533Loss of €18,281, the second in a row (financial year 2025)lowers riskSize: total assets €201,615Sector: Real estate activities (NACE 68)Show the evidence
Checked score
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 14% of them on solvency, 5% on liquidity, 11% on profitability and 1% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 20 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Key points
Recent changes
- · Gazette deed Resignation: Johan Osaer (director)
- · Gazette deed Incorporation
Comparable companies
These companies have the same main activity as MACOVAN: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €180,000 and €204,000, founded between 2005 and 2010.
| Company | Total assets | Gross margin |
|---|---|---|
| MACOVAN Torhout | €201,615 | -€8,402 |
| MILHO Torhout | €192,389 | -€15,597 |
| JG PROJECTS Koksijde | €203,770 | -€52,442 |
| PROXIGEST IMMOBILIER Namur | €197,022 | -€20,117 |
| AYDIN IMMOBILIERE Liège | €196,397 | -€6,106 |
| BOUWWERKEN PAPELEU Geraardsbergen | €191,051 | -€2,908 |
| BWB Dessel | €179,919 | -€101,224 |
Key facts about MACOVAN
- What is the company number of MACOVAN?
- The company number of MACOVAN is 0808.378.501. The VAT number is the same number with BE in front: BE 0808.378.501.
- Where is MACOVAN based?
- The registered office is at Hillestraat 34, 8820 Torhout.Company details
- What does MACOVAN do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of MACOVAN?
- The legal form of MACOVAN is Private limited company (BV).
- When was MACOVAN founded?
- MACOVAN was founded on 08-12-2008.
- Is MACOVAN still active?
- Yes, MACOVAN is an active enterprise in the KBO register.
- What is the turnover of MACOVAN?
- The annual accounts for financial year 2025 state no turnover. The abbreviated or micro format does not require it.Financials
- Is MACOVAN profitable?
- In financial year 2025, MACOVAN made a loss of €18,281.
- Where can I find the annual accounts of MACOVAN?
- MACOVAN filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MACOVAN due?
- MACOVAN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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