Macsave

Active

Private limited companyfounded 20232 yrs activeKoning Leopold III-laan 153, 8200 Brugge, BelgiumKBO/BCE: BE 1003.931.489

The computed 12-month bankruptcy probability of Macsave is 1.7% (moderate). The 2025 annual accounts show equity of €65k and a net result of €19k. Its solvency ranks better than 82% of 18120 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

81 / 100

Excellent

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability95▼-5

Solvency98▲+2

Growth52

Track record82

Bankruptcy probability, 12 months

1.7% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €5k at 30 days acceptable

Liquidity ample (current ratio 2.45 against 3.48 in 2024; short-term debt: 26.6% and cash: 52.9% of total assets), and 26.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Young company

A young company has little track record yet and statistically fails more often than an established one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

73.4%

Return on assets

21.1%

Age of the figures

9 mo

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 2 filings

Deviation from the deadline

2025

27 d late

2024

29 d late

← before the deadline after the deadline →

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 months

Position in the running window

18-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€65k▲ 40.4%

2024 · €46k

2024: €46k

2024 → 2025

Total assets

€88k▲ 36.6%

2024 · €65k

2024: €65k

2024 → 2025

Net result

€19k▼ 54.6%

2024 · €41k

2024: €41k

2024 → 2025

Working capital

€34k▼ 25.8%

2024 · €46k

2024: €46k

2024 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20242025Trend

Equity€46k-€65k▲ 40.4%

Operating result€52k-€24k▼ 53.2%

Net result€41k-€19k▼ 54.6%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 53% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €88k

34.8%

65.2%

Fixed assets €31k▲ 13,918%

Current assets €57k▼ 10.7%

Equity and liabilities €88k

73.4%

26.6%

Equity €65k▲ 40.4%

Debt €23k▲ 26.9%

The debt ratio falls from 28.6% to 26.6%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€26k▼

2024 · €52k

Cash flow

€20k▼

2024 · €41k

Solvency

73.4%▲

2024 · 71.4%

Current ratio

2.45▼

2024 · 3.48

Quick ratio

2.02▼

2024 · 2.95

Debt / equity

0.36▼

2024 · 0.40

ROE

28.8%▼

2024 · 89.1%

ROA

21.1%▼

2024 · 63.6%

Interest coverage

94.18▼

2024 · 354.72

Debt

€23k▲

2024 · €18k

Debt ≤ 1 year

€23k▲

2024 · €18k

Income taxes

€6k▼

2024 · €11k

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€65k€88k▲

Fixed assets21/28€219€31k▲

Tangible fixed assets22/27€219€31k▲

Furniture and vehicles24€219€31k▲

Current assets29/58€64k€57k▼

Stocks and contracts in progress3€10k€10k▲

Stocks30/36€10k€10k▲

Amounts receivable within one year40/41€6k€2▼

Trade receivables40€501-

Other amounts receivable41€5k€2▼

Cash at bank and in hand54/58€49k€47k▼

Deferred charges and accrued income490/1€178€730▲

Equity and liabilities

Total equity and liabilities10/49€65k€88k▲

Equity10/15€46k€65k▲

Contributions10/11€5k€5k=

Reserves13€41k€60k▲

Distributable reserves133€41k€60k▲

Amounts payable17/49€18k€23k▲

Amounts payable within one year42/48€18k€23k▲

Trade debts44€792€601▼

Suppliers440/4€792€601▼

Taxes, remuneration and social security45€18k€21k▲

Taxes450/3€18k€21k▲

Other amounts payable47/48-€2k

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€111€1k▲

Other operating charges640/8€3k€3k▼

Gross operating margin9900€55k€28k▼

Operating profit (loss)9901€52k€24k▼

Financial charges65/66B€147€275▲

Recurring financial charges65€147€275▲

Profit (loss) for the period before taxes9903€52k€24k▼

Income taxes67/77€11k€6k▼

Profit (loss) for the period9904€41k€19k▼

Profit (loss) for the period to be appropriated9905€41k€19k▼

Appropriation of the result

Profit (loss) to be appropriated9906€41k€19k▼

Transfer from equity791/2-€41k

Transfer to equity691/2€41k€60k▲

To other reserves6921€41k€60k▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 2Filings 2

Next filing, fiscal year 2026, expected by 31-07-2027

2026

27-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 27 days late

2025

29-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 29 days late

NBB filing

Directors · office · real estate

Directors

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

Location & real-estate footprint

Registered office, Brugge · 1 establishment unit since 2023

establishment The establishment unit on the map

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.

Koning Leopold III-laan 1538200 Brugge

Ground area

939 m²

Building footprint

337 m²

Volume, LiDAR

2,208 m³