MACTO
ActiveSummary
The computed 12-month bankruptcy probability of MACTO is 2.0% (moderate). The 2025 annual accounts show equity of €735,640 and a net result of €28,537. Equity is growing by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 18% of 7900 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability34▲+10
Solvency43▼-1
Growth78=
Track record94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity short (current ratio 0.6 against 0.2 in 2024; short-term debt: 4.1% and cash: 2.2% of total assets), and 82.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
17.6%
Return on assets
0.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 7900 sector peers (2025).
NBB · sector comparisonPosition among 7900 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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 · 3 filingsDeviation from the deadline
2025
29 d late
2024
51 d late
2023
50 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 10 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2025, abbreviated schema
Equity
€735,640▲ 12.0%
2024 · €657,103
Total assets
€4.2m▲ 19.8%
2024 · €3.5m
Net result
€28,537
2024 · -€31,514
Working capital
-€67,965▲ 51.3%
2024 · -€139,598
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result-€45,550-€38,512€132,953▲ 245%
Net result-€91,383below the sector's middle half--€31,514below the sector's middle half▲ 65.5%€28,537within the sector's middle half
Equity€638,617within the sector's middle half-€657,103within the sector's middle half▲ 2.9%€735,640above the sector's middle half▲ 12.0%
Total assets€2.4mabove the sector's middle half-€3.5mabove the sector's middle half▲ 44.5%€4.2mabove the sector's middle half▲ 19.8%
Debt€1.8m-€2.8m▲ 59.4%€3.4m▲ 21.7%
Working capital-€25,319--€139,598▼ 451%-€67,965▲ 51.3%
Solvency26.4%within the sector's middle half-18.8%below the sector's middle half▼ 7.6pp17.6%below the sector's middle half▼ 1.2pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 245% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.2m
Fixed assets
€4.1m ▲ 18.1%
Current assets
€101,809 ▲ 184%
Equity and liabilities €4.2m
Equity
€735,640 ▲ 12.0%
Debt
€3.4m ▲ 21.7%
Debt's share of the balance-sheet total rises from 81.2% to 82.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€160,389▲
2024 · €60,355
Cash flow
€55,974▲
2024 · -€9,671
Current ratio
0.60▲
2024 · 0.20
Debt to equity
4.68▲
2024 · 4.31
ROE
3.9%▲
2024 · -4.8%
ROA
0.7%▲
2024 · -0.9%
Interest coverage
1.68▲
2024 · 0.76
Debt ≤ 1 year
€169,774▼
2024 · €175,463
Debt > 1 year
€3.3m▲
2024 · €2.7m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 895 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 98% are still going.
- Small
- 2 to 5 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.0%
went bankrupt
0.7%
stopped otherwise
98%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 895 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,599 | €21,843 | €27,436 | ▲ 25.6% |
| Other operating charges640/8 | €1,607 | €10,554 | €14,097 | ▲ 33.6% |
| Non-recurring operating charges66A | €54,253 | €22,434 | - | - |
| Gross operating margin9900 | €15,908 | €93,343 | €174,486 | ▲ 86.9% |
| Operating profit (loss)9901 | -€45,550 | €38,512 | €132,953 | ▲ 245% |
| Financial income75/76B | €120 | €8,849 | €699 | ▼ 92.1% |
| Recurring financial income75 | €120 | €945 | €699 | ▼ 26.0% |
| Non-recurring financial income76B | - | €7,904 | - | - |
| Financial charges65/66B | €45,304 | €78,970 | €105,115 | ▲ 33.1% |
| Recurring financial charges65 | €45,304 | €78,970 | €95,204 | ▲ 20.6% |
| Non-recurring financial charges66B | - | - | €9,911 | - |
| Profit (loss) for the period before taxes9903 | -€90,735 | -€31,609 | €28,537 | ▲ 190% |
| Income taxes67/77 | €648 | -€95 | - | - |
| Profit (loss) for the period9904 | -€91,383 | -€31,514 | €28,537 | ▲ 191% |
| Profit (loss) for the period to be appropriated9905 | -€91,383 | -€31,514 | €28,537 | ▲ 191% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €2.4m | €3.5m | €4.2m | ▲ 19.8% |
| Fixed assets21/28 | €2.4m | €3.5m | €4.1m | ▲ 18.1% |
| Tangible fixed assets22/27 | €2.4m | €3.5m | €4.1m | ▲ 18.1% |
| Land and buildings22 | €2.3m | €3.3m | €4.0m | ▲ 18.8% |
| Plant, machinery and equipment23 | €12,958 | €22,724 | €22,993 | ▲ 1.2% |
| Furniture and vehicles24 | €51,277 | €88,427 | €87,044 | ▼ 1.6% |
| Current assets29/58 | €52,510 | €35,866 | €101,809 | ▲ 184% |
| Amounts receivable within one year40/41 | €9,293 | €4,927 | €8,279 | ▲ 68.0% |
| Other amounts receivable41 | €9,293 | €4,927 | €8,279 | ▲ 68.0% |
| Cash at bank and in hand54/58 | €43,217 | €30,171 | €92,659 | ▲ 207% |
| Deferred charges and accrued income490/1 | - | €767 | €871 | ▲ 13.5% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €2.4m | €3.5m | €4.2m | ▲ 19.8% |
| Equity10/15 | €638,617 | €657,103 | €735,640 | ▲ 12.0% |
| Contributions10/11 | €730,000 | €780,000 | €830,000 | ▲ 6.4% |
| Profit (loss) carried forward14 | -€91,383 | -€122,897 | -€94,360 | ▲ 23.2% |
| Amounts payable17/49 | €1.8m | €2.8m | €3.4m | ▲ 21.7% |
| Amounts payable after more than one year17 | €1.7m | €2.7m | €3.3m | ▲ 23.4% |
| Financial debts170/4 | €1.3m | €2.1m | €2.7m | ▲ 30.0% |
| Other amounts payable178/9 | €378,584 | €547,628 | €536,823 | ▼ 2.0% |
| Amounts payable within one year42/48 | €77,829 | €175,463 | €169,774 | ▼ 3.2% |
| Current portion of amounts payable after more than one year42 | €54,485 | €88,217 | €120,807 | ▲ 36.9% |
| Trade debts44 | €836 | €6,470 | €4,252 | ▼ 34.3% |
| Suppliers440/4 | €836 | €6,470 | €4,252 | ▼ 34.3% |
| Taxes, remuneration and social security45 | €647 | - | - | - |
| Taxes450/3 | €647 | - | - | - |
| Other amounts payable47/48 | €21,861 | €80,777 | €44,715 | ▼ 44.6% |
| Accrued charges and deferred income492/3 | - | €2,455 | €1,075 | ▼ 56.2% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€91,383 | -€31,514 | €28,537 | ▲ 191% |
| + Depreciation and write-downs630 | €5,599 | €21,843 | €27,436 | ▲ 25.6% |
| Operating cash flow (approximation) | -€85,784 | -€9,671 | €55,974 | ▲ 679% |
| Investment in fixed assets (approximation) | - | -€1.1m | -€653,732 | ▲ 41.2% |
| Change in cash | - | -€13,046 | €62,488 | ▲ 579% |
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
Next filing, fiscal year 2026, expected by
2026
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 29 days late
2025
31-12
Financial
Back to profitnet €28,537
Net result €28,537 after 2 loss-making years.
20-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 51 days late
2024
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Gent · 1 establishment unit since 2022
Ground area
82 m²
Building footprint
82 m²
Volume, LiDAR
382 m³
Parcel 44038A0746/00X004, Flanders · tallest building 7.2 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MACTO
since 20222.337.268.349
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44038A0746/00X004 | Flanders | 82 m² | 1 · 82 m² | 7.2 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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R.D. FINITIONS
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ALLTECH's
BE 0895.470.049
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Of 7,300 companies in sector 43350 we hold annual accounts for 2,361. 1,083 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-10-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43350Other building finishing work
68201Renting and operating of own or leased residential real estate, excluding social housing
68121Development of residential building projects
68110Buying and selling of own real estate
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0791757847
Also
9925:BE0791757847
Registered
06-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.