MACZ
ActiveMACZ has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €104k and a net result of €84k. Equity is shrinking by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 48% of 6963 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
93
/ 100
Excellent▲ +40 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency93▲+75
Growth78▲+20
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 1.87 against 0.93 in 2024), and 47.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
52.2%
Return on assets
41.9%
Age of the figures
11 mo
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €104k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-03-2026, 30 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
30 d early
2024
37 d early
2023
41 d early
2022
30 d early
2021
19 d early
2020
38 d early
2019
42 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€104k▲ 410%
2024 · €20k
2018: €71k
2019: €106k
2020: €170k
2021: €70k
2022: €20k
2023: €20k
2024: €20k
2018 → 2025
Total assets
€200k▲ 26.1%
2024 · €159k
2018: €105k
2019: €128k
2020: €183k
2021: €102k
2022: €158k
2023: €133k
2024: €159k
2018 → 2025
Net result
€84k▼ 6.7%
2024 · €90k
2018: €53k
2019: €35k
2020: €64k
2021: €50k
2022: €90k
2023: €77k
2024: €90k
2018 → 2025
Working capital
€84k
2024 · €-9k
2018: €43k
2019: €86k
2020: €160k
2021: €68k
2022: €-14k
2023: €-11k
2024: €-9k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€70k-€20k▼ 70.8%€20k=€20k=€104k▲ 410%
Operating result€65k-€98k▲ 50.5%€101k▲ 3.7%€117k▲ 15.5%€107k▼ 8.2%
Net result€50k-€90k▲ 80.3%€77k▼ 14.9%€90k▲ 17.3%€84k▼ 6.7%
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 8% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €200k
Fixed assets
€21k▼ 30.5%
Current assets
€179k▲ 39.2%
Equity and liabilities €200k
Equity
€104k▲ 410%
Debt
€96k▼ 30.8%
The debt ratio falls from 87.1% to 47.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€117k▼
2024 · €126k
Cash flow
€93k▼
2024 · €99k
Solvency
52.2%▲
2024 · 12.9%
Current ratio
1.87▲
2024 · 0.93
Quick ratio
1.87▲
2024 · 0.93
Debt / equity
0.92▼
2024 · 6.76
ROE
80.4%▼
2024 · 439.6%
ROA
41.9%▼
2024 · 56.7%
Interest coverage
63.05▼
2024 · 94.07
Debt
€96k▼
2024 · €138k
Debt ≤ 1 year
€96k▼
2024 · €138k
Income taxes
€22k▼
2024 · €26k
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€159k€200k▲
Fixed assets21/28€30k€21k▼
Tangible fixed assets22/27€30k€21k▼
Plant, machinery and equipment23€12k€10k▼
Furniture and vehicles24€8k€5k▼
Other tangible fixed assets26€10k€6k▼
Current assets29/58€129k€179k▲
Amounts receivable within one year40/41€18k€26k▲
Trade receivables40€18k€23k▲
Other amounts receivable41-€3k
Cash at bank and in hand54/58€110k€153k▲
Deferred charges and accrued income490/1€61€0▼
Equity and liabilities
Total equity and liabilities10/49€159k€200k▲
Equity10/15€20k€104k▲
Contributions10/11€19k€19k=
Reserves13€2k€86k▲
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Distributable reserves133-€86k
Profit (loss) carried forward14-€0
Amounts payable17/49€138k€96k▼
Amounts payable within one year42/48€138k€96k▼
Trade debts44€1k€493▼
Suppliers440/4€1k€493▼
Taxes, remuneration and social security45€49k€12k▼
Taxes450/3€46k€12k▼
Remuneration and social security454/9€2k€0▼
Other amounts payable47/48€89k€83k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k▲
Other operating charges640/8€189€449▲
Gross operating margin9900€126k€117k▼
Operating profit (loss)9901€117k€107k▼
Financial income75/76B€1€0▼
Recurring financial income75€1€0▼
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€116k€106k▼
Income taxes67/77€26k€22k▼
Profit (loss) for the period9904€90k€84k▼
Profit (loss) for the period to be appropriated9905€90k€84k▼
Appropriation of the result
Profit (loss) to be appropriated9906€90k€84k▼
Transfer to equity691/2-€84k
To other reserves6921-€84k
Profit to be distributed694/7€90k€0▼
Return on contributions (dividend)694€90k€0▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Liquidity doublescurrent ratio 1.87
Current ratio from 0.93 to 1.87; short-term debt falls from €138k to €96k.
30-09
Financial
Equity above €100kEq €104k ▲410%
8 profitable years in a row build equity to €104k.
24-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
20-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Highest result since 2018net €90k ▲80.3%
Net result €90k, the highest in the series.
11-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Liquidity triplescurrent ratio 14.05
Current ratio from 4.93 to 14.05; short-term debt falls from €22k to €12k.
30-09
Financial
Equity above €150kEq €170k ▲59.8%
3 profitable years in a row build equity to €170k.
19-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Weakest financial yearnet €35k ▼32.8%
Net result drops to €35k, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity doublescurrent ratio 4.93
Current ratio from 2.28 to 4.93; short-term debt falls from €34k to €22k.
30-09
Financial
Equity above €100kEq €106k ▲49.6%
2 profitable years in a row build equity to €106k.
26-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2024
APPERMANS Micha
CurrentDirector · since 16-08-2024
16-08-2024
Appointed as Director
Location & real-estate footprint
Registered office, Tongeren-Borgloon · 1 establishment unit since 2017
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.
Millerweg 833700 Tongeren-BorgloonGround area
719 m²
Building footprint
157 m²
Volume, LiDAR
804 m³
Parcel 73080A0148/00F000, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Millerweg 83, 3700 Tongeren-Borgloon
since 20172.262.235.879
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73080A0148/00F000 | Flanders | 719 m² | 1 · 157 m² | 7.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 13,391 companies in sector 73300 we hold annual accounts for 6,881. 5,573 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-02-2017
Fiscal year end30-09
Activities, NACEBEL
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.