MACOVI
InactiveSignals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 30-09-2023 was due by 30-04-2024 and was filed on 16-05-2024, 16 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2023
16 d late
2022
4 d early
2021
37 d early
2020
40 d early
2019
4 d early
2018
6 d late
2017
27 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 5 days before the deadline; the Belgian median for financial year 2023 is 3 days before the deadline, and 40% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2023, full schema
Turnover
€1.3m
EBIT margin
2.9%
Net result
-€2,438▲ 79.2%
2022 · -€11,711
Working capital
€69,516▼ 3.4%
2022 · €71,954
Trend over the years
In euros
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Turnover€1.3m
Operating result€37,620▲ 38.0%€4,152▼ 89.0%€123,927▲ 2,885%-€5,102-€1,832▲ 64.1%
Net result€7,886-€1,636€96,784-€11,711-€2,438▲ 79.2%
EBIT margin2.9%
Equity€12,737▼ 58.6%€11,101▼ 12.8%€57,884▲ 421%€46,173▼ 20.2%€43,736▼ 5.3%
Total assets€569,546▼ 52.5%€664,247▲ 16.6%€192,841▼ 71.0%€112,399▼ 41.7%€79,344▼ 29.4%
Debt€556,809▼ 52.3%€653,146▲ 17.3%€134,956▼ 79.3%€66,225▼ 50.9%€35,608▼ 46.2%
Working capital€161,220€87,292▼ 45.9%€109,049▲ 24.9%€71,954▼ 34.0%€69,516▼ 3.4%
Staff (FTE)1▼ 79.2%0.3▼ 70.0%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1,832 in 2023 against €5,102 in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €79,344
Equity
€43,736 ▼ 5.3%
Debt
€35,608 ▼ 46.2%
Debt's share of the balance-sheet total falls from 58.9% to 44.9%. Equity and debt are lower.
Key figures and ratios
Current ratio
8.07▲
2022 · 2.78
Debt to equity
0.81▼
2022 · 1.43
ROE
-5.6%▲
2022 · -25.4%
ROA
-3.1%▲
2022 · -10.4%
Debt ≤ 1 year
€9,828▼
2022 · €40,445
Debt > 1 year
€25,781=
2022 · €25,781
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €1.3m | - | - | - | - | - |
| Non-recurring operating income76A | - | - | €3,495 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €1.2m | - | - | - | - | - |
| Remuneration, social security and pensions62 | €52,738 | - | €35 | €494 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,143 | - | - | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €16,893 | -€349 | - | - |
| Other operating charges640/8 | €1,189 | - | €1,251 | €853 | €549 | ▼ 35.6% |
| Gross operating margin9900 | €92,690 | €31,301 | €142,106 | -€4,105 | -€1,282 | ▲ 68.8% |
| Operating profit (loss)9901 | €37,620 | €4,152 | €123,927 | -€5,102 | -€1,832 | ▲ 64.1% |
| Financial income75/76B | €200 | - | €519 | - | €1 | - |
| Recurring financial income75 | €200 | €2,619 | €519 | - | €1 | - |
| Financial charges65/66B | €29,934 | - | €3,174 | €1,271 | €607 | ▼ 52.2% |
| Recurring financial charges65 | €29,934 | €8,407 | €3,174 | €1,271 | €607 | ▼ 52.2% |
| Profit (loss) for the period before taxes9903 | €7,886 | -€1,636 | €121,272 | -€6,374 | -€2,438 | ▲ 61.7% |
| Income taxes67/77 | - | - | €24,489 | €5,338 | - | - |
| Profit (loss) for the period9904 | €7,886 | -€1,636 | €96,784 | -€11,711 | -€2,438 | ▲ 79.2% |
| Profit (loss) for the period to be appropriated9905 | €7,886 | -€1,636 | €96,784 | -€11,711 | -€2,438 | ▲ 79.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €569,546 | €664,247 | €192,841 | €112,399 | €79,344 | ▼ 29.4% |
| Fixed assets21/28 | €2,285 | €11 | - | - | - | - |
| Tangible fixed assets22/27 | €2,285 | - | - | - | - | - |
| Furniture and vehicles24 | €2,285 | - | - | - | - | - |
| Financial fixed assets28 | - | €11 | - | - | - | - |
| Current assets29/58 | €567,261 | €664,236 | €192,841 | €112,399 | €79,344 | ▼ 29.4% |
| Stocks and contracts in progress3 | €114,246 | €177,793 | - | - | - | - |
| Stocks30/36 | €114,246 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €395,465 | €341,999 | €79,152 | €42,606 | €13,657 | ▼ 67.9% |
| Trade receivables40 | €395,231 | - | €79,152 | €41,963 | €12,960 | ▼ 69.1% |
| Other amounts receivable41 | €234 | - | - | €643 | €697 | ▲ 8.5% |
| Cash at bank and in hand54/58 | €57,550 | €143,954 | €113,689 | €69,092 | €65,687 | ▼ 4.9% |
| Deferred charges and accrued income490/1 | - | - | - | €701 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €569,546 | €664,247 | €192,841 | €112,399 | €79,344 | ▼ 29.4% |
| Equity10/15 | €12,737 | €11,101 | €57,884 | €46,173 | €43,736 | ▼ 5.3% |
| Contributions10/11 | €18,713 | - | €18,713 | €18,713 | €18,713 | = |
| Capital10 | €18,713 | - | - | - | - | - |
| Issued capital100 | €18,713 | - | - | - | - | - |
| Reserves13 | €293 | €293 | €293 | €293 | €293 | = |
| Non-distributable reserves130/1 | - | - | €293 | €293 | €293 | = |
| Legal reserve130 | €293 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €293 | €293 | €293 | = |
| Profit (loss) carried forward14 | -€6,269 | -€7,906 | €38,878 | €27,167 | €24,729 | ▼ 9.0% |
| Amounts payable17/49 | €556,809 | €653,146 | €134,956 | €66,225 | €35,608 | ▼ 46.2% |
| Amounts payable after more than one year17 | €150,768 | €76,159 | €51,165 | €25,781 | €25,781 | = |
| Financial debts170/4 | €150,768 | - | €51,165 | €25,781 | €25,781 | = |
| Amounts payable within one year42/48 | €406,041 | €576,944 | €83,791 | €40,445 | €9,828 | ▼ 75.7% |
| Current portion of amounts payable after more than one year42 | €24,232 | - | €27,059 | €27,482 | €8,505 | ▼ 69.1% |
| Financial debts43 | €145,253 | - | €250 | €71 | €44 | ▼ 37.7% |
| Credit institutions430/8 | €145,253 | - | €104 | €71 | €44 | ▼ 37.7% |
| Other loans439 | - | - | €146 | - | - | - |
| Trade debts44 | €215,534 | €446,238 | €5,752 | €7,066 | €1,278 | ▼ 81.9% |
| Suppliers440/4 | €215,534 | - | €5,752 | €7,066 | €1,278 | ▼ 81.9% |
| Taxes, remuneration and social security45 | €6,084 | - | €730 | €5,826 | - | - |
| Taxes450/3 | €1,968 | - | €730 | €5,826 | - | - |
| Remuneration and social security454/9 | €4,116 | - | - | - | - | - |
| Other amounts payable47/48 | €14,938 | - | €50,000 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,886 | -€1,636 | €96,784 | -€11,711 | -€2,438 | ▲ 79.2% |
| + Depreciation and write-downs630 | €1,143 | - | - | - | - | - |
| Operating cash flow (approximation) | €9,029 | -€1,636 | €96,784 | -€11,711 | -€2,438 | ▲ 79.2% |
| Investment in fixed assets (approximation) | - | €2,274 | - | - | - | - |
| Change in cash | - | €86,404 | -€30,266 | -€44,597 | -€3,405 | ▲ 92.4% |
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
2024
16-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 16 days late
2023
30-09
Financial
Liquidity triplescurrent ratio 8.07
Current ratio from 2.78 to 8.07; short-term debt falls from €40,445 to €9,828.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €96,784
Net result €96,784 after one loss-making year.
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €7,886
Net result €7,886 after one loss-making year.
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 6 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 27 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
2016
23-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 23 days late
2015
22-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Owners and holdings
1 ownerChain of control
- PUPPY EXPLOITATION
- PUPPY
- MACOVI
Highest known parent: PUPPY EXPLOITATION. The sources do not say who stands above it.
Owners 1
- PUPPYparentSourceaccounts PUPPY 2022100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.