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 has been growing by about 47% per year since 2023. Its solvency ranks better than 24% of 9,754 sector peers (NACE 64, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 10-07-2023 Normal situation
- Activity
- Activities of holding companies NACE 64210and 3 others
- Establishment unit
- 2.347.636.263 9052 Gent, since 10-07-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 23-12-2025
Board and ownership
Board
- DE BUCK Frederik AlbertDirector · since 10-07-2023
- Holdings
- Shares in 1 company SOLUSIO
Financial position
Financial institution: outside the modelBankruptcy probability: sector outside the model
Annual accounts 2025
- Profit
- €542
- ▼ 98.9%
- Equity
- €55,530
- ▲ 1.0%
- Total assets
- €290,708
- ▲ 1.4%
SignalsneutralLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
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Signals
1 signal.
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 days early
2024
29 days late
2023
30 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 17 days after the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 August (3 of the last 3 accounts filed within 37 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 23-07-2026 at the NBB all 3 filings
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%
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
€9,236
▼ 88.2%
2025
20232025
Net result
€542
▼ 98.9%
2025
lowest quarter of the sector
20232025
Equity
€55,530
▲ 1.0%
2025
middle half of the sector
20232025
Total assets
€290,708
▲ 1.4%
2025
middle half of the sector
20232025
Debt
€235,177
▲ 1.5%
2025
20232025
Working capital
-€67,681
▼ 64.2%
2025
lowest quarter of the sector
20232025
Solvency
19.1%
▼ 0.1pp
2025
lowest quarter of the sector
20232025
Current ratio
0.42
▼ 0.10
2025
lowest quarter of the sector
20232025
Return on assets (ROA)
0.2%
▼ 17.8pp
2025
lowest quarter of the sector
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result€7,065-€78,439▲ 11×€9,236▼ 88.2%
Net result€408below the sector's middle half-€51,580within the sector's middle half▲ 126×€542below the sector's middle half▼ 98.9%
Equity€3,408below the sector's middle half-€54,988within the sector's middle half▲ 16×€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 sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 88% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
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.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | - | €1,611 | - |
| Financial fixed assets | €240,000 | - | - |
| Depreciation and write-downs of the year | - | €300 | €322 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
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 | ▲ 69× |
| Suppliers440/4 | €4,198 | €28 | €1,907 | ▲ 69× |
| 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 | - |
| Change in cash | - | €2,076 | -€389 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Directors
1 director, no change since 2023
DE BUCK Frederik Albert
Current
Director (not named in the articles) · since 10-07-2023 · term without a fixed end · listed in the 2025 annual accounts, filed on 23-07-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Iedere bestuurder vertegenwoordigt de vennootschap jegens derden en in rechte als eiser of als verweerder. Hij kan bijzondere machten…”
deed of 12-07-2023Owners and capital
Shareholders
At incorporation
act of 12-07-2023 ↗
- DE BUCK Frederik Albert 100 shares (100%) · €3,000
Capital transactions
Capital over time
- 12-07-2023 Incorporation · €3,000 · 100 shares
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Natuurlijke personen of rechtspersonen, al dan niet aandeelhouder, 1”
Capital, shares and profit
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “100, gelijk recht in winstverdeling”
Audit, dissolution and liquidation
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 12-07-2023 (in Dutch)
Network & group
Holdings and subsidiaries
1 holding · 4 subsidiaries, including indirect onesHoldings 1
- SOLUSIOsubsidiaryEquity €803,498 Loss of €52,544 in 2025 (profit of €80,267 in 2024) Checked score 5064.75%
All subsidiaries, including indirect ones 4
MACY or one of its subsidiaries holds more than half of the shares of these companies. A company it consolidates per the LEI register is listed too.
SOLUSIO 64.75%3 subsidiaries
- Fassado 100%
- TIBAS 100%
- VOCHTPROTECT 100%
Board mandates elsewhere
6 board mandatesBoard mandates of MACYMACY sits on their board6
2 locations
2 locations
1 location
1 location
1 location
1 location
Connections & network
1 current directorThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
This company
Company
Director
Shareholding
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Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
23-07
micro format · 8 days before the deadline
2025
29-08
micro format · 29 days late
2024
31-12
Financial
Highest result from 2023 to 2025net €51,580 ▲12,545%
The operating result of €78,439 and the net result of €51,580 are both a record.
30-08
micro format · 30 days late
2023
22-09
Gazette deed
Registered officeRegistered-office move2 points ▸
Gazette deed
Registered office
Registered-office move2 points ▸
- General meeting, 23-08-2023
- Registered-office move
12-07
Gazette deed
IncorporationStarting capital €3,000 · Appointment: DE BUCK Frederik Albert (director) · Permanent representative: DE BUCK Frederik Albert · Founder13 points ▸
Gazette deed
Incorporation
Starting capital €3,000 · Appointment: DE BUCK Frederik Albert (director) · Permanent representative: DE BUCK Frederik Albert · Founder13 points ▸
- Incorporation, “MACY” (deed in Dutch)
- Founder, DE BUCK Frederik Albert
- Founding capital, €3,000
- Bank account, 06-07-2023
- Other provision, “bevestiging deponering overeenkomstig Wetboek van vennootschappen en verenigingen”, 3000 (deed in Dutch)
- DE BUCK Frederik Albert holds 100 shares
- Other provision, “uitwerking beslissingen comparanten, neerlegging ter griffie van een uitgifte van de oprichtingsakte” (deed in Dutch)
- Registered office clause, “9820 Merelbeke, Floraplein, 22 - bus 0201” (deed in Dutch)
- Board rule, 1
- Director appointment, DE BUCK Frederik Albert (director (not named in the articles))
- Permanent representative, DE BUCK Frederik Albert
- Pre-incorporation commitments, “takeover, alle verbintenissen, verplichtingen en activiteiten in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
- The act holds 1 more point.
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
MACY in Dutch
Enterprise number
0803.777.830
Legal form
Private limited company
Status
Active, normale toestand
Founded
10-07-2023
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 12-07-2023 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaamse Gewest, bestuursorgaan mag bij enkel besluit administratieve zetels, agentschappen, werkhuizen, stapelplaatsen en bijkantoren…”
deed of 12-07-2023 (in Dutch)Registered office and establishments
Registered office
Nieuwescheldestraat 1-3, 9052 Gent, Belgium
Establishment unit
MACY, Nieuwescheldestraat 1 - 3, 9052 Gent since 10-07-2023 · unit number 2.347.636.263
Activities
NACEBEL 202564210
Activities of holding companies main activity
70100
Activities of head offices
70200
Business and other management consultancy
82100
Office administrative and support services
Codes under NACEBEL 2008
64200
Holdings main activity
70100
Activities of head offices
70220
Business consulting
82110
Office administrative, office support and other business support activities
Invoicing and payment
VAT number
BE 0803.777.830
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Friday of June at 11:00
deed of 12-07-2023 (in Dutch)Sites & property
Location
Buildings and parcels at the address
Ground area
638 m²
Building footprint
79 m²
Building volume
663 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44082B0246/00W000 | Flanders | 638 m² | 1 · 79 m² | 13.1 m · 3 |