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 €521k and a net result of €12k. Equity is growing by ~8.7% per year across the filed fiscal years. Its solvency ranks better than 61% of 8048 sector peers (fiscal year 2025). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health 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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
42 d late
2023
14 d late
2022
31 d late
2021
61 d early
2020
31 d late
2019
36 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, micro schema
Equity
€521k▲ 5.0%
2024 · €496k
Net result
€12k▼ 90.6%
2024 · €128k
Total assets
€814k▼ 4.8%
2024 · €855k
Solvency
64.0%▲ 6.0pp
2024 · 58.0%
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
Line20212022202320242025
Operating result€6k▼ 93.9%€-2k€34k€194k▲ 474%€22k▼ 88.8%
Net result€-43€-8k▼ 18,036%€25k€128k▲ 419%€12k▼ 90.6%
Equity€367k▼ 3.0%€343k▼ 6.7%€368k▲ 7.2%€496k▲ 34.9%€521k▲ 5.0%
Total assets€906k▼ 3.8%€895k▼ 1.2%€897k▲ 0.2%€855k▼ 4.6%€814k▼ 4.8%
Debt€539k▼ 4.3%€552k▲ 2.4%€529k▼ 4.2%€359k▼ 32.1%€293k▼ 18.3%
Working capital€-124k▼ 5.0%€-151k▼ 22.3%€-114k▲ 24.5%€-187k▼ 63.7%€-192k▼ 2.9%
Solvency40.5%▲ 0.3pp38.3%▼ 2.2pp41.0%▲ 2.7pp58.0%▲ 17.0pp64.0%▲ 6.0pp
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 89% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €814k
Fixed assets
€756k ▼ 3.0%
Current assets
€58k ▼ 23.0%
Equity and liabilities €814k
Equity
€521k ▲ 5.0%
Debt
€293k ▼ 18.3%
Debt's share of the balance-sheet total falls from 42.0% to 36.0%. Equity is higher and debt is lower.
Key figures and ratios
ROE
2.3%▼
2024 · 25.9%
ROA
1.5%▼
2024 · 15.0%
Debt ≤ 1 year
€250k▼
2024 · €262k
Debt > 1 year
€41k▼
2024 · €95k
Income taxes
€6k▼
2024 · €61k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31k | €31k | €30k | €24k | €24k | ▲ 0.1% |
| Other operating charges640/8 | €4k | €4k | €4k | €6k | €5k | ▼ 15.9% |
| Gross operating margin9900 | €42k | €33k | €67k | €223k | €50k | ▼ 77.4% |
| Operating profit (loss)9901 | €6k | €-2k | €34k | €194k | €22k | ▼ 88.8% |
| Financial income75/76B | €286 | €530 | €816 | €776 | €565 | ▼ 27.2% |
| Recurring financial income75 | €286 | €530 | €816 | €776 | €565 | ▼ 27.2% |
| Financial charges65/66B | €7k | €6k | €7k | €5k | €4k | ▼ 17.5% |
| Recurring financial charges65 | €7k | €6k | €7k | €5k | €4k | ▼ 17.5% |
| Profit (loss) for the period before taxes9903 | €-43 | €-8k | €27k | €189k | €18k | ▼ 90.6% |
| Income taxes67/77 | - | - | €2k | €61k | €6k | ▼ 90.7% |
| Profit (loss) for the period9904 | €-43 | €-8k | €25k | €128k | €12k | ▼ 90.6% |
| Profit (loss) for the period to be appropriated9905 | €-43 | €-8k | €25k | €128k | €12k | ▼ 90.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €906k | €895k | €897k | €855k | €814k | ▼ 4.8% |
| Fixed assets21/28 | €850k | €819k | €796k | €780k | €756k | ▼ 3.0% |
| Tangible fixed assets22/27 | €850k | €819k | €796k | €780k | €756k | ▼ 3.0% |
| Land and buildings22 | €844k | €814k | €792k | €777k | €754k | ▼ 2.9% |
| Plant, machinery and equipment23 | €6k | €5k | €4k | €3k | €2k | ▼ 28.1% |
| Financial fixed assets28 | €75 | €75 | €75 | €75 | €75 | = |
| Current assets29/58 | €56k | €76k | €101k | €75k | €58k | ▼ 23.0% |
| Amounts receivable within one year40/41 | €52k | €72k | €97k | €68k | €54k | ▼ 20.7% |
| Trade receivables40 | - | - | €19k | - | - | - |
| Other amounts receivable41 | €52k | €72k | €78k | €68k | €54k | ▼ 20.7% |
| Cash at bank and in hand54/58 | €4k | €4k | €3k | €7k | €3k | ▼ 62.3% |
| Deferred charges and accrued income490/1 | €446 | €455 | €141 | €148 | €1k | ▲ 730% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €906k | €895k | €897k | €855k | €814k | ▼ 4.8% |
| Equity10/15 | €367k | €343k | €368k | €496k | €521k | ▲ 5.0% |
| Contributions10/11 | €45k | €45k | €45k | €45k | €45k | = |
| Reserves13 | €323k | €298k | €323k | €451k | €476k | ▲ 5.5% |
| Non-distributable reserves130/1 | €4k | €4k | €4k | €4k | €4k | = |
| Reserves not available under the articles1311 | €4k | €4k | €4k | €4k | €4k | = |
| Distributable reserves133 | €318k | €294k | €319k | €447k | €472k | ▲ 5.6% |
| Amounts payable17/49 | €539k | €552k | €529k | €359k | €293k | ▼ 18.3% |
| Amounts payable after more than one year17 | €357k | €323k | €312k | €95k | €41k | ▼ 56.7% |
| Financial debts170/4 | €266k | €205k | €151k | €95k | €41k | ▼ 56.7% |
| Other amounts payable178/9 | €91k | €119k | €162k | - | - | - |
| Amounts payable within one year42/48 | €180k | €227k | €215k | €262k | €250k | ▼ 4.5% |
| Current portion of amounts payable after more than one year42 | €72k | €70k | €62k | €60k | €59k | ▼ 2.1% |
| Trade debts44 | €100k | €156k | €152k | €151k | €153k | ▲ 1.5% |
| Suppliers440/4 | €100k | €156k | €152k | €151k | €153k | ▲ 1.5% |
| Taxes, remuneration and social security45 | €8k | €515 | - | €51k | €38k | ▼ 25.3% |
| Taxes450/3 | €8k | €515 | - | €51k | €38k | ▼ 25.3% |
| Accrued charges and deferred income492/3 | €2k | €2k | €2k | €2k | €2k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-43 | €-8k | €25k | €128k | €12k | ▼ 90.6% |
| + Depreciation and write-downs630 | €31k | €31k | €30k | €24k | €24k | ▲ 0.1% |
| Operating cash flow (approximation) | €31k | €23k | €54k | €152k | €36k | ▼ 76.4% |
| Investment in fixed assets (approximation) | - | €0 | €-6k | €-8k | €0 | ▲ 100% |
| Change in cash | - | €-161 | €-440 | €3k | €-4k | ▼ 223% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €500kEq €521k ▲5%
3 profitable years in a row build equity to €521k.
11-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 42 days late
2024
31-12
Financial
Highest result since 2018net €128k ▲419%
Operating result €194k, net result €128k, both a record.
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
31-12
Financial
Back to profitnet €25k
Net result €25k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
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, Middelkerke · 1 establishment unit since 2003
Ground area
2,398 m²
Building footprint
193 m²
Volume, LiDAR
889 m³
Parcel 35022A0140/00Z002, Flanders · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Macy
since 20032.133.443.635
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35022A0140/00Z002 | Flanders | 2,398 m² | 1 · 193 m² | 6.6 m · 2 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.
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Of 24,730 companies in sector 64210 we hold annual accounts for 19,772. 13,602 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
Founded19-09-2003
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.