Summary
MACY is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €55,530 and a net result of €542. Equity is growing by ~47.4% per year across the filed fiscal years. Its solvency ranks better than 24% of 8091 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
8 d early
2024
29 d late
2023
30 d late
← 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 17 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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. Usually files around 29 August (3 of the last 3 filed years within 37 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€55,530▲ 1.0%
2024 · €54,988
Net result
€542▼ 98.9%
2024 · €51,580
Total assets
€290,708▲ 1.4%
2024 · €286,741
Solvency
19.1%▼ 0.1pp
2024 · 19.2%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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€7,065-€78,439▲ 1,010%€9,236▼ 88.2%
Net result€408below the sector's middle half-€51,580within the sector's middle half▲ 12,545%€542below the sector's middle half▼ 98.9%
Equity€3,408below the sector's middle half-€54,988within the sector's middle half▲ 1,514%€55,530within the sector's middle half▲ 1.0%
Total assets€257,037within the sector's middle half-€286,741within the sector's middle half▲ 11.6%€290,708within the sector's middle half▲ 1.4%
Debt€253,629-€231,753▼ 8.6%€235,177▲ 1.5%
Working capital-€65,442below the sector's middle half--€41,219below the sector's middle half▲ 37.0%-€67,681below the sector's middle half▼ 64.2%
Solvency1.3%below the sector's middle half-19.2%below the sector's middle half▲ 17.9pp19.1%below the sector's middle half▼ 0.1pp
Current ratio0.21below the sector's middle half-0.52below the sector's middle half▲ 0.320.42below the sector's middle half▼ 0.10
Return on assets (ROA)0.2%below the sector's middle half-18.0%within the sector's middle half▲ 17.8pp0.2%below the sector's middle half▼ 17.8pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
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 88% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €290,708
Fixed assets
€240,989 ▼ 0.1%
Current assets
€49,719 ▲ 9.4%
Equity and liabilities €290,708
Equity
€55,530 ▲ 1.0%
Debt
€235,177 ▲ 1.5%
Debt's share of the balance-sheet total rises from 80.8% to 80.9%. Equity and debt are higher.
Key figures and ratios
ROE
1.0%▼
2024 · 93.8%
Debt ≤ 1 year
€117,400▲
2024 · €86,650
Debt > 1 year
€117,778▼
2024 · €145,104
Income taxes
€510▼
2024 · €17,619
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €300 | €322 | ▲ 7.4% |
| Other operating charges640/8 | - | - | €624 | - |
| Gross operating margin9900 | €7,065 | €78,739 | €10,183 | ▼ 87.1% |
| Operating profit (loss)9901 | €7,065 | €78,439 | €9,236 | ▼ 88.2% |
| Financial income75/76B | - | €30 | €0 | ▼ 99.0% |
| Recurring financial income75 | - | €30 | €0 | ▼ 99.0% |
| Financial charges65/66B | €5,918 | €9,270 | €8,184 | ▼ 11.7% |
| Recurring financial charges65 | €5,918 | €9,270 | €8,184 | ▼ 11.7% |
| Profit (loss) for the period before taxes9903 | €1,147 | €69,199 | €1,052 | ▼ 98.5% |
| Income taxes67/77 | €739 | €17,619 | €510 | ▼ 97.1% |
| Profit (loss) for the period9904 | €408 | €51,580 | €542 | ▼ 98.9% |
| Profit (loss) for the period to be appropriated9905 | €408 | €51,580 | €542 | ▼ 98.9% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €257,037 | €286,741 | €290,708 | ▲ 1.4% |
| Fixed assets21/28 | €240,000 | €241,311 | €240,989 | ▼ 0.1% |
| Tangible fixed assets22/27 | - | €1,311 | €989 | ▼ 24.6% |
| Furniture and vehicles24 | - | €1,311 | €989 | ▼ 24.6% |
| Financial fixed assets28 | €240,000 | €240,000 | €240,000 | = |
| Current assets29/58 | €17,037 | €45,431 | €49,719 | ▲ 9.4% |
| Amounts receivable within one year40/41 | €14,754 | €41,072 | €44,859 | ▲ 9.2% |
| Trade receivables40 | €14,520 | €14,500 | €0 | ▼ 100% |
| Other amounts receivable41 | €234 | €26,572 | €44,859 | ▲ 68.8% |
| Cash at bank and in hand54/58 | €2,283 | €4,358 | €3,970 | ▼ 8.9% |
| Deferred charges and accrued income490/1 | - | - | €891 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €257,037 | €286,741 | €290,708 | ▲ 1.4% |
| Equity10/15 | €3,408 | €54,988 | €55,530 | ▲ 1.0% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €408 | €51,988 | €52,530 | ▲ 1.0% |
| Distributable reserves133 | €408 | €51,988 | €52,530 | ▲ 1.0% |
| Amounts payable17/49 | €253,629 | €231,753 | €235,177 | ▲ 1.5% |
| Amounts payable after more than one year17 | €171,150 | €145,104 | €117,778 | ▼ 18.8% |
| Financial debts170/4 | €171,150 | €145,104 | €117,778 | ▼ 18.8% |
| Amounts payable within one year42/48 | €82,479 | €86,650 | €117,400 | ▲ 35.5% |
| Current portion of amounts payable after more than one year42 | €24,827 | €26,046 | €27,326 | ▲ 4.9% |
| Trade debts44 | €4,198 | €28 | €1,907 | ▲ 6,829% |
| Suppliers440/4 | €4,198 | €28 | €1,907 | ▲ 6,829% |
| Advances received on contracts in progress46 | - | €13,310 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €12,631 | €26,466 | €32,582 | ▲ 23.1% |
| Taxes450/3 | €12,631 | €26,466 | €32,582 | ▲ 23.1% |
| Other amounts payable47/48 | €40,823 | €20,800 | €55,585 | ▲ 167% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €408 | €51,580 | €542 | ▼ 98.9% |
| + Depreciation and write-downs630 | - | €300 | €322 | ▲ 7.4% |
| Operating cash flow (approximation) | €408 | €51,880 | €864 | ▼ 98.3% |
| Investment in fixed assets (approximation) | - | -€1,611 | €0 | ▲ 100% |
| Change in cash | - | €2,076 | -€389 | ▼ 119% |
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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
27-03
State Gazette act
Incorporation · Founder
Founding capital · Bank account
20-03
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Highest result since 2023net €51,580 ▲12,545%
Operating result €78,439, net result €51,580, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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 2023
Ground area
638 m²
Building footprint
79 m²
Volume, LiDAR
663 m³
Parcel 44082B0246/00W000, Flanders · tallest building 13.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MACY
since 20232.347.636.263
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44082B0246/00W000 | Flanders | 638 m² | 1 · 79 m² | 13.1 m · 3 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.
Structure & network
Owners and holdings
1 holding · 4 subsidiaries in the treeOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
- SOLUSIOsubsidiarySourceown accounts 202564.75%
All subsidiaries, including indirect ones 4
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
SOLUSIO 64.75%3 subsidiaries
- Fassado 100%
- TIBAS 100%
- VOCHTPROTECT 100%
According to the 2025 annual accounts of MACY and those 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
The group is listed under Ownership & control below; here you explore it as a network.
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Shareholding
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Ownership & control
2 board mandatesBoard mandates of this companythis company sits on their board2
1 location
1 location
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 10,734 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
Founded10-07-2023
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70100Activities of head offices
70200Business and other management consultancy
82100Office administrative and support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0803777830
Also
9925:BE0803777830
Registered
23-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.