MACS
InactiveMACS was declared bankrupt on 19-07-2023 (Ondernemingsrechtbank Antwerpen, afdeling Hasselt); the bankruptcy was closed by liquidation by judgment of 24-06-2025, published in the Belgian State Gazette on 02-07-2025.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 10-07-2023, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
21 d early
2021
25 d late
2021
59 d late
2020
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 8 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2022, micro schema
Equity
-€167,732
2021 · €42,540
Total assets
€28,261▼ 85.7%
2021 · €197,824
Net result
-€210,271▼ 1,233%
2021 · -€15,778
Working capital
-€177,410
2021 · €59,549
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120212022
Operating result€12,852-€22,343▲ 73.9%-€80,719-€13,509--€205,306▼ 1,420%
Net result€12,664-€19,127▲ 51.0%-€86,575-€15,778--€210,271▼ 1,233%
Equity€125,766-€144,892▲ 15.2%€58,318▼ 59.8%€42,540--€167,732
Total assets€203,636-€223,882▲ 9.9%€168,767▼ 24.6%€197,824-€28,261▼ 85.7%
Debt€77,870-€78,990▲ 1.4%€110,450▲ 39.8%€155,285-€195,993▲ 26.2%
Working capital€121,419-€127,645▲ 5.1%€48,856▼ 61.7%€59,549--€177,410
Staff (FTE)4.2-4.9▲ 16.7%4.8▼ 2.0%4.4-3.6▼ 18.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2022 Net result -1,233% on 2021. The previous fiscal year ran 11 months, this one 12.
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €28,261
Fixed assets
€23,281 ▲ 33.1%
Current assets
€4,980 ▼ 97.2%
Key figures and ratios
EBITDA
-€195,722▼
2021 · -€6,537
Cash flow
-€200,688▼
2021 · -€8,806
Solvency
-593.5%▼
2021 · 21.5%
Current ratio
0.03▼
2021 · 1.49
Quick ratio
0.00▼
2021 · 0.06
Debt to equity
-1.17▼
2021 · 3.65
ROA
-744.0%▼
2021 · -8.0%
Interest coverage
-39.41▼
2021 · -2.77
Debt ≤ 1 year
€182,390▲
2021 · €120,786
Debt > 1 year
€13,021▼
2021 · €34,499
Staff costs
€141,332▲
2021 · €129,560
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €8,264 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €129,560 | €141,332 | ▲ 9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,902 | €7,897 | €8,262 | €6,972 | €9,584 | ▲ 37.5% |
| Other operating charges640/8 | - | - | - | €9,007 | €17,018 | ▲ 88.9% |
| Gross operating margin9900 | €173,389 | €179,105 | €50,531 | €132,030 | -€37,372 | ▼ 128% |
| Operating profit (loss)9901 | €12,852 | €22,343 | -€80,719 | -€13,509 | -€205,306 | ▼ 1,420% |
| Financial income75/76B | - | - | - | €90 | - | - |
| Recurring financial income75 | €8,588 | €2,563 | - | €90 | - | - |
| Financial charges65/66B | - | - | - | €2,359 | €4,966 | ▲ 111% |
| Recurring financial charges65 | €1,618 | €5,558 | €2,355 | €2,359 | €4,966 | ▲ 111% |
| Profit (loss) for the period before taxes9903 | €19,822 | €19,348 | -€83,074 | -€15,778 | -€210,271 | ▼ 1,233% |
| Income taxes67/77 | €7,158 | €221 | €3,501 | - | - | - |
| Profit (loss) for the period9904 | €12,664 | €19,127 | -€86,575 | -€15,778 | -€210,271 | ▼ 1,233% |
| Profit (loss) for the period to be appropriated9905 | €12,664 | €19,127 | -€86,575 | -€15,778 | -€210,271 | ▼ 1,233% |
| Line | 2019 | 2020 | 2021 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €203,636 | €223,882 | €168,767 | €197,824 | €28,261 | ▼ 85.7% |
| Fixed assets21/28 | €5,578 | €28,748 | €24,462 | €17,490 | €23,281 | ▲ 33.1% |
| Tangible fixed assets22/27 | €5,453 | €22,623 | €18,337 | €11,365 | €17,281 | ▲ 52.1% |
| Plant, machinery and equipment23 | - | - | - | €11,365 | €17,281 | ▲ 52.1% |
| Financial fixed assets28 | €125 | €6,125 | €6,125 | €6,125 | €6,000 | ▼ 2.0% |
| Current assets29/58 | €198,058 | €195,135 | €144,305 | €180,334 | €4,980 | ▼ 97.2% |
| Stocks and contracts in progress3 | €167,790 | €187,428 | €135,626 | €172,621 | €4,969 | ▼ 97.1% |
| Stocks30/36 | - | - | - | €172,621 | €4,969 | ▼ 97.1% |
| Amounts receivable within one year40/41 | €7,386 | €2,250 | €4,767 | €161 | - | - |
| Trade receivables40 | - | - | - | €161 | - | - |
| Cash at bank and in hand54/58 | €21,868 | €5,457 | €3,912 | €7,552 | €11 | ▼ 99.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €203,636 | €223,882 | €168,767 | €197,824 | €28,261 | ▼ 85.7% |
| Equity10/15 | €125,766 | €144,892 | €58,318 | €42,540 | -€167,732 | ▼ 494% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | €18,600 | = |
| Issued capital100 | - | - | - | €18,600 | €18,600 | = |
| Reserves13 | €107,166 | €126,292 | €126,292 | €126,292 | €126,292 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | - | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €124,432 | €124,432 | = |
| Profit (loss) carried forward14 | - | - | -€86,575 | -€102,353 | -€312,624 | ▼ 205% |
| Amounts payable17/49 | €77,870 | €78,990 | €110,450 | €155,285 | €195,993 | ▲ 26.2% |
| Amounts payable after more than one year17 | - | €8,500 | €15,000 | €34,499 | €13,021 | ▼ 62.3% |
| Financial debts170/4 | - | - | - | €34,499 | €13,021 | ▼ 62.3% |
| Amounts payable within one year42/48 | €76,639 | €67,490 | €95,450 | €120,786 | €182,390 | ▲ 51.0% |
| Trade debts44 | €43,017 | €26,465 | €1,266 | €4,218 | €33,314 | ▲ 690% |
| Suppliers440/4 | - | - | - | €4,218 | €33,314 | ▲ 690% |
| Taxes, remuneration and social security45 | - | - | - | €11,909 | €28,034 | ▲ 135% |
| Taxes450/3 | - | - | - | €7,664 | €25,134 | ▲ 228% |
| Remuneration and social security454/9 | - | - | - | €4,245 | €2,900 | ▼ 31.7% |
| Other amounts payable47/48 | - | - | - | €104,659 | €121,042 | ▲ 15.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | €582 | - |
| Line | 2019 | 2020 | 2021 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,664 | €19,127 | -€86,575 | -€15,778 | -€210,271 | ▼ 1,233% |
| + Depreciation and write-downs630 | €2,902 | €7,897 | €8,262 | €6,972 | €9,584 | ▲ 37.5% |
| Operating cash flow (approximation) | €15,566 | €27,023 | -€78,313 | -€8,806 | -€200,688 | ▼ 2,179% |
| Investment in fixed assets (approximation) | - | -€31,066 | -€3,976 | - | -€15,375 | - |
| Change in cash | - | -€16,411 | -€1,545 | - | -€7,541 | - |
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
2025
02-07
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 24-06-2025
2023
26-07
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 19-07-2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€210,271
Net result drops to -€210,271, the lowest in the series.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 59 days late
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-01
Financial
Highest result since 2019net €19,127 ▲51%
Operating result €22,343, net result €19,127, both a record.
2019
05-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
04-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2014
18-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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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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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | THEO MACOURS EERSELS 56, 3980 TESSENDERLO- |
19-07-2023 → 24-06-2025 |