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Philippe Mackels

Active
Limited partnershipfounded 201411 yrs activeRue Saint-Hubert,Faymonville 30, 4950 Waimes, BelgiumKBO/BCE: BE 0506.941.004
Summary

The annual accounts of Philippe Mackels for fiscal year 2025 show a net loss of 58% of the equity at the start of that year. The 2025 annual accounts show equity of €11,046 and a net result of -€15,530. Equity is shrinking by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 29% of 16718 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is < 0.1% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability0▼-87
Solvency60▲+3
Growth32=
Track record100
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.07 against 1.21 in 2024; short-term debt: 37.6% and cash: 5.2% of total assets), and 65% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
35%
Return on assets
-49.2%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 11 years 0 20 y
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
16 d early
2024
24 d early
2023
23 d early
2022
28 d late
2021
30 d late
2020
30 d late
2019
26 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 7 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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.
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Philippe Mackels was incorporated on 18 December 2014.1 Total assets fell from EUR 110,698 in 2018 to EUR 31,578 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€11,046▼ 58.4%
2024 · €26,576
Total assets
€31,578▼ 61.7%
2024 · €82,475
Net result
-€15,530
2024 · €12,098
Working capital
€808▼ 90.7%
2024 · €8,708
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 86, Human health activities, 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
Line20212022202320242025
Operating result-€693€2,940-€1,327€17,951-€14,707
Net result-€1,501below the sector's middle half€1,075below the sector's middle half-€2,425below the sector's middle half€12,098below the sector's middle half-€15,530below the sector's middle half
Equity€49,915below the sector's middle half▼ 2.9%€50,990below the sector's middle half▲ 2.2%€48,565within the sector's middle half▼ 4.8%€26,576below the sector's middle half▼ 45.3%€11,046below the sector's middle half▼ 58.4%
Total assets€86,643below the sector's middle half▼ 29.2%€68,137below the sector's middle half▼ 21.4%€52,349below the sector's middle half▼ 23.2%€82,475below the sector's middle half▲ 57.5%€31,578below the sector's middle half▼ 61.7%
Debt€36,728▼ 48.2%€17,147▼ 53.3%€3,784▼ 77.9%€55,899▲ 1,377%€20,532▼ 63.3%
Working capital€9,331▼ 59.4%€18,095▲ 93.9%€31,760▲ 75.5%€8,708▼ 72.6%€808▼ 90.7%
Solvency57.6%within the sector's middle half▲ 15.6pp74.8%within the sector's middle half▲ 17.2pp92.8%above the sector's middle half▲ 17.9pp32.2%below the sector's middle half▼ 60.5pp35.0%within the sector's middle half▲ 2.8pp
above within below the middle half (P25 to P75) of NACE 86, Human health activities, 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
-€20,000-€10,000€0€10,000€20,000Operating result 2021: -€693-€693Net result 2021: -€1,501-€1,501Operating result 2022: €2,940€2,940Net result 2022: €1,075€1,075Operating result 2023: -€1,327-€1,327Net result 2023: -€2,425-€2,425Operating result 2024: €17,951€17,951Net result 2024: €12,098€12,098Operating result 2025: -€14,707-€14,707Net result 2025: -€15,530-€15,53020212022202320242025-€20,000-€10,000€0€10,000€20,000Operating result 2023: -€1,327-€1,330Net result 2023: -€2,425-€2,430Operating result 2024: €17,951€18,000Net result 2024: €12,098€12,100Operating result 2025: -€14,707-€14,700Net result 2025: -€15,530-€15,500202320242025
The operating result turns negative in 2025: a loss of €14,707 after €17,951 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €31,578
Fixed assets €18,908 ▼ 40.0%
Current assets €12,670 ▼ 75.1%
Equity and liabilities €31,578
Equity €11,046 ▼ 58.4%
Debt €20,532 ▼ 63.3%
Debt's share of the balance-sheet total falls from 67.8% to 65.0%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€899▼
2024 · €32,605
Cash flow
-€1,722▼
2024 · €26,752
Current ratio
1.07▼
2024 · 1.21
Debt to equity
1.86▼
2024 · 2.10
ROE
-140.6%▼
2024 · 45.5%
ROA
-49.2%▼
2024 · 14.7%
Interest coverage
-1.48▼
2024 · 82.85
Debt ≤ 1 year
€11,862▼
2024 · €42,261
Debt > 1 year
€8,670▼
2024 · €13,637
Income taxes
€236▼
2024 · €5,495
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 4,815 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 88% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
1.9% went bankrupt
9.8% stopped otherwise
88% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: < 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 4,815 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet Code20242025
Assets
Total assets20/58€82,475€31,578▼
Fixed assets21/28€31,506€18,908▼
Tangible fixed assets22/27€31,506€18,908▼
Plant, machinery and equipment23€2,974€676▼
Furniture and vehicles24€25,817€15,161▼
Other tangible fixed assets26€2,716€3,071▲
Current assets29/58€50,969€12,670▼
Amounts receivable within one year40/41€5,096€9,813▲
Trade receivables40-€6,500
Other amounts receivable41€5,096€3,313▼
Cash at bank and in hand54/58€44,148€1,641▼
Deferred charges and accrued income490/1€1,726€1,217▼
Equity and liabilities
Total equity and liabilities10/49€82,475€31,578▼
Equity10/15€26,576€11,046▼
Contributions10/11€900€900=
Reserves13€18,269€18,269=
Non-distributable reserves130/1€132€132=
Reserves not available under the articles1311€132€132=
Distributable reserves133€18,137€18,137=
Profit (loss) carried forward14€7,408-€8,122▼
Amounts payable17/49€55,899€20,532▼
Amounts payable after more than one year17€13,637€8,670▼
Financial debts170/4€13,637€8,670▼
Amounts payable within one year42/48€42,261€11,862▼
Current portion of amounts payable after more than one year42€4,800€4,968▲
Taxes, remuneration and social security45€7,831€3,127▼
Taxes450/3€7,831€3,127▼
Other amounts payable47/48€29,631€3,768▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14,654€13,808▼
Other operating charges640/8€703€838▲
Gross operating margin9900€33,308-€61▼
Operating profit (loss)9901€17,951-€14,707▼
Financial income75/76B€36€19▼
Recurring financial income75€36€19▼
Financial charges65/66B€394€605▲
Recurring financial charges65€394€605▲
Profit (loss) for the period before taxes9903€17,593-€15,294▼
Income taxes67/77€5,495€236▼
Profit (loss) for the period9904€12,098-€15,530▼
Profit (loss) for the period to be appropriated9905€12,098-€15,530▼
Appropriation of the result
Profit (loss) to be appropriated9906€19,505-€8,122▼
Profit (loss) brought forward from the previous period14P€7,408€7,408=
Transfer from equity791/2€34,086-
Transfer to equity691/2€12,098-
To other reserves6921€12,098-
Profit to be distributed694/7€34,086-
Return on contributions (dividend)694€34,086-

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20,485€19,663€19,816€14,654€13,808▼ 5.8%
Other operating charges640/8€292€296€397€703€838▲ 19.1%
Gross operating margin9900€20,084€22,898€18,887€33,308-€61▼ 100%
Operating profit (loss)9901-€693€2,940-€1,327€17,951-€14,707▼ 182%
Financial income75/76B€33€38€75€36€19▼ 47.2%
Recurring financial income75€33€38€75€36€19▼ 47.2%
Financial charges65/66B€643€318€144€394€605▲ 53.9%
Recurring financial charges65€643€318€144€394€605▲ 53.9%
Profit (loss) for the period before taxes9903-€1,303€2,660-€1,396€17,593-€15,294▼ 187%
Income taxes67/77€197€1,585€1,029€5,495€236▼ 95.7%
Profit (loss) for the period9904-€1,501€1,075-€2,425€12,098-€15,530▼ 228%
Profit (loss) for the period to be appropriated9905-€1,501€1,075-€2,425€12,098-€15,530▼ 228%
Line20212022202320242025Change
Assets
Total assets20/58€86,643€68,137€52,349€82,475€31,578▼ 61.7%
Fixed assets21/28€51,143€33,713€16,805€31,506€18,908▼ 40.0%
Tangible fixed assets22/27€51,143€33,713€16,805€31,506€18,908▼ 40.0%
Plant, machinery and equipment23€13,159€7,954€4,194€2,974€676▼ 77.3%
Furniture and vehicles24€17,229€9,817€2,405€25,817€15,161▼ 41.3%
Other tangible fixed assets26€20,755€15,942€10,205€2,716€3,071▲ 13.1%
Current assets29/58€35,499€34,424€35,544€50,969€12,670▼ 75.1%
Amounts receivable within one year40/41€6,292€8,718€6,971€5,096€9,813▲ 92.6%
Trade receivables40-€3,000€5,000-€6,500-
Other amounts receivable41€6,292€5,718€1,971€5,096€3,313▼ 35.0%
Cash at bank and in hand54/58€28,668€25,244€28,236€44,148€1,641▼ 96.3%
Deferred charges and accrued income490/1€540€463€337€1,726€1,217▼ 29.5%
Equity and liabilities
Total equity and liabilities10/49€86,643€68,137€52,349€82,475€31,578▼ 61.7%
Equity10/15€49,915€50,990€48,565€26,576€11,046▼ 58.4%
Contributions10/11€900€900€900€900€900=
Reserves13€39,182€40,257€40,257€18,269€18,269=
Non-distributable reserves130/1€132€132€132€132€132=
Reserves not available under the articles1311€132€132€132€132€132=
Distributable reserves133€39,050€40,125€40,125€18,137€18,137=
Profit (loss) carried forward14€9,833€9,833€7,408€7,408-€8,122▼ 210%
Amounts payable17/49€36,728€17,147€3,784€55,899€20,532▼ 63.3%
Amounts payable after more than one year17€10,559€818-€13,637€8,670▼ 36.4%
Financial debts170/4€10,559€818-€13,637€8,670▼ 36.4%
Amounts payable within one year42/48€26,169€16,329€3,784€42,261€11,862▼ 71.9%
Current portion of amounts payable after more than one year42€18,714€9,741€818€4,800€4,968▲ 3.5%
Trade debts44--€563---
Suppliers440/4--€563---
Taxes, remuneration and social security45€1,895€1,895€1,895€7,831€3,127▼ 60.1%
Taxes450/3€1,895€1,895€1,895€7,831€3,127▼ 60.1%
Other amounts payable47/48€5,560€4,694€508€29,631€3,768▼ 87.3%
Line20212022202320242025Change
Profit (loss) for the period9904-€1,501€1,075-€2,425€12,098-€15,530▼ 228%
+ Depreciation and write-downs630€20,485€19,663€19,816€14,654€13,808▼ 5.8%
Operating cash flow (approximation)€18,985€20,738€17,391€26,752-€1,722▼ 106%
Investment in fixed assets (approximation)--€2,232-€2,908-€29,356-€1,210▲ 95.9%
Change in cash--€3,424€2,993€15,911-€42,507▼ 367%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
15-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Weakest financial yearnet -€15,530
Net result drops to -€15,530, the lowest in the series.
07-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Back to profitnet €12,098
Net result €12,098 after one loss-making year.
08-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Liquidity quadruplescurrent ratio 9.39
Current ratio from 2.11 to 9.39; short-term debt falls from €16,329 to €3,784.
28-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial Back to profitnet €1,075
Net result €1,075 after one loss-making year.
30-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
30-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
26-08
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
31-12
Financial Highest result since 2018net €13,778 ▲5%
Operating result €20,598, net result €13,778, both a record.
Show earlier events
27-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
24-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
25-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
Financial milestoneNBB 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, Waimes · 1 establishment unit since 2015
seat establishment The establishment unit on the map
Ground area
2,028 m²
Building footprint
167 m²
Volume, LiDAR
996 m³
Parcel 63025A0112/00C000, Wallonia · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PHILIPPE MACKELS
Rue Saint-Hubert,Faymonville 30, 4950 WaimesHuman health activities
since 20152.237.823.256
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
63025A0112/00C000 Wallonia 2,028 m² 1 · 167 m² 9.2 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.

Similar companies · same sector, comparable size

Of 12,699 companies in sector 86951 we hold annual accounts for 2,146. 1,597 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formLimited partnership
Founded18-12-2014
Fiscal year end31-12
Activities, NACEBEL 2025
86951Physiotherapy
85510Sports and recreation education
85599Other education
86995Nutrition and dietetics services
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.