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MAC PROPERTIES

Active Public limited companyfounded 1995active for 31 yearsSteenweg op Jette 239, 1080 Molenbeek-Saint-JeanKBO/BCE: BE 0454.445.889

Lifetime

19 annual accounts with figures on one time axis, 28 filings since 1996
peak €2.8m (2018)
€827,441▲ 17.4%
lowest -€116,921 (2022)
€36,636▲ 30.8%
peak €2.5m (2025)
€2.5m▲ 1.5%
€8.8m▼ 3.0%
peak 0 FTE (2023)
0 FTE 
Board4 names since 2017
2 directorsWouter De Neve and 1 other
Owners2 names in the annual accounts
45%INSULA and 1 other
Documentsfilings and deeds
29-01-20262 days before the deadline
2025abbreviated format
Gross margin from €704,806 to €827,441Result from €28,012 to €36,636Cash from €44,908 to €4,606

Key points

from the 2025 annual accounts

Turnover

≈ €1.9m estimated

The abbreviated format states no turnover.

Debts

€8.8m 72% of the balance sheet
Financial debts 73%Suppliers 0%Taxes and wages 0%Other 27%

Of this, €2.7m falls due within a year.

Filings

28 annual accounts since 1996
deadline200020102020

Three of the last ten came late. The 2016 accounts came latest: 57 days after the end of the period.

Checked score

65
Healthy
Financially stronger than 41% of medium-sized companies without a NACE code
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.5% 01-2025: 0.6%▲ +0.1 percentage points vs 12-2024 02-2025: 1.1%▲ +0.5 percentage points vs 01-2025 03-2025: 0.5%▼ -0.6 percentage points vs 02-2025 04-2025: 0.5%● unchanged vs 03-2025 05-2025: 0.5%● unchanged vs 04-2025 06-2025: 0.5%● unchanged vs 05-2025 07-2025: 0.5%● unchanged vs 06-2025 08-2025: 0.5%● unchanged vs 07-2025 09-2025: 0.5%● unchanged vs 08-2025 10-2025: 0.5%● unchanged vs 09-2025 11-2025: 0.7%▲ +0.2 percentage points vs 10-2025 12-2025: 0.8%▲ +0.1 percentage points vs 11-2025 01-2026: 0.9%▲ +0.1 percentage points vs 12-2025 02-2026: 0.3%▼ -0.6 percentage points vs 01-2026lowest value 03-2026: 0.3%● unchanged vs 02-2026lowest value 04-2026: 0.3%● unchanged vs 03-2026lowest value 05-2026: 0.9%▲ +0.6 percentage points vs 04-2026 06-2026: 0.9%● unchanged vs 05-2026 07-2026: 0.9%● unchanged vs 06-2026 08-2026: 0.9%● unchanged vs 07-2026 09-2026: 0.9%● unchanged vs 08-2026 10-2026: 1.1%▲ +0.2 percentage points vs 09-2026 11-2026: 1.2%▲ +0.1 percentage points vs 10-2026highest value

Financial strength
Weak

45=equity 20.3% of total assets
43=short-term debt 21.8% · cash 0.0%
44=return on assets 0.3%

Score breakdown

raises risk
1 change of registered office in 24 months
Liquidity: current ratio 0.38, cash €4,606, halved
No main activity registered
lowers risk
Size: total assets €12.3m
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, medium-sized). It does better than 22% of them on solvency, 25% on liquidity, 64% on profitability and 55% on growth.

The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 30-06-2025.

Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 733 companies had the same profile as MAC PROPERTIES has now. Each dot stands for 2 companies, two years later.

97.4%
were still trading
1.4%
stopped another way
1.0%
went bankrupt
  • Medium-sized
  • 20 years or older
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet

Another 0.3% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of MAC PROPERTIES itself is higher: 1.2% within 12 months. It rests on far more data about MAC PROPERTIES than the profile alone.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 733 companies, not a prediction for MAC PROPERTIES. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €160,000 on 30-day terms is acceptable

Liquidity is insufficient, with a current ratio of 0.38 (0.46 in 2024), below 1. Short-term debt is 21.8% and cash 0% of total assets. 79.7% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Liquidity: current ratio 0.38, cash €4,606, halved
NBB · annual accounts
lowers risk · Size: total assets €12.3m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · No main activity registered
KBO
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
2 days early
2024
on the day
2023
on the day
2022
28 days late
2021
on the day
2020
2 days early
2019
56 days early
← before the deadline after the deadline →
tick = median of all Belgian filings

The company filed its last 7 accounts on average 5 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 31 January (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end09-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

EC
Director, since 18-05-2022
WD
Director

Shares in 2 companies, KREKEL MOBILITY and DW INVEST

Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0454445889
Registered office moved from Wemmel to Molenbeek-Saint-Jean New registered office: Steenweg op Jette 239, 1080 Sint-Jans-Molenbeek · Previous registered office: Isidoor Meyskensstraat 222, 1780 Wemmel · Reappointments: Wouter De Neve (director) and Eva Carmeliet (director) · Board meeting of 19-01-2026 · Gazette deed
Registered office moved from Molenbeek-Saint-Jean to Wemmel New registered office: Isidoor Meyskensstraat 222, 1780 Wemmel · Previous registered office: Steenweg op Jette 239, 1080 Sint-Jans-Molenbeek · General meeting of 05-12-2023 · Gazette deed
1 director appointed, 2 resignations Resignations: CASTOR COLLECTION and INSULA · Permanent representatives: CARMELIET Eva and DE NEVE Wouter Jan · Appointment: CARMELIET Eva (director) · General meeting of 18-05-2022 · Gazette deed
All 45 events

Official details

Source: KBO
Status
Active since 08-02-1995Normal situation
Registered office
10 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
Activity
“De aan- en verkoop van alle onroerende goederen en alle daarbij horende handelingen.De vennootschap…” (deed in Dutch)From the articles, 14 activitiesNo NACE code in the KBO yet
Establishment unit
2.071.255.8461080 Molenbeek-Saint-Jean, since 19-04-1995
Financial year end
30 June
Peppol
Reachable since 21-10-2026
Company details

Annual accounts to 30-06-2025

€12.3m▼ 2.6%
Filing
Filed on 29-01-2026, 2 days before the end of the filing period
Financials

Insights on MAC PROPERTIES

MAC PROPERTIES files the abbreviated format. That format states no turnover. The gross margin rose from €177,248 in 2006 to €827,441 in 2025.

The balance sheet grew most from 2020 to 2022 through fixed assets, financed with long-term debt.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about MAC PROPERTIES

What is the company number of MAC PROPERTIES?
The company number of MAC PROPERTIES is 0454.445.889. The VAT number is the same number with BE in front: BE 0454.445.889.
Where is MAC PROPERTIES based?
The registered office is at Steenweg op Jette 239, 1080 Molenbeek-Saint-Jean.Company details
What is the legal form of MAC PROPERTIES?
MAC PROPERTIES is a public limited company (NV).
When was MAC PROPERTIES founded?
MAC PROPERTIES was founded on 08-02-1995.
Is MAC PROPERTIES still active?
Yes, MAC PROPERTIES is an active enterprise in the KBO register.
What is the turnover of MAC PROPERTIES?
The turnover in financial year 2025 is ≈ €1.9m. This figure is estimated from the gross margin of €827,441 and 2,275 comparable companies of the same size. It probably lies between €1.2m and €3.3m. It is a rough estimate. In financial year 2022 turnover was €6,485.Financials
Is MAC PROPERTIES profitable?
In financial year 2025, MAC PROPERTIES made a profit of €36,636.
Where can I find the annual accounts of MAC PROPERTIES?
MAC PROPERTIES filed 28 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of MAC PROPERTIES due?
MAC PROPERTIES must file the annual accounts for financial year 2026 by 31-01-2027.Timeline

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