MACADAM
ActiveMACADAM has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €112k and a net result of €6k. Equity is growing by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 69% of 13071 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
81
/ 100
Excellent▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability27▼-43
Solvency77▲+5
Growth78=
Stability100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity tight (current ratio 1.15 against 0.96 in 2024), and 48.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
51.9%
Return on assets
2.8%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
26 d late
2024
on the day
2023
61 d late
2022
31 d late
2021
31 d early
2020
55 d late
2019
61 d late
← before the deadline
after the deadline →
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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€112k▲ 5.6%
2024 · €106k
2018: €55k
2019: €69k
2020: €104k
2021: €125k
2022: €133k
2023: €139k
2024: €106k
2018 → 2025
Total assets
€215k▲ 3.9%
2024 · €207k
2018: €156k
2019: €160k
2020: €170k
2021: €185k
2022: €182k
2023: €194k
2024: €207k
2018 → 2025
Net result
€6k▼ 59.9%
2024 · €15k
2018: €5k
2019: €15k
2020: €34k
2021: €23k
2022: €8k
2023: €7k
2024: €15k
2018 → 2025
Working capital
€15k
2024 · €-4k
2018: €-17k
2019: €3k
2020: €45k
2021: €75k
2022: €59k
2023: €37k
2024: €-4k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€125k-€133k▲ 6.4%€139k▲ 4.9%€106k▼ 24.2%€112k▲ 5.6%
Operating result€31k-€12k▼ 62.9%€10k▼ 10.0%€22k▲ 113%€11k▼ 49.9%
Net result€23k-€8k▼ 65.9%€7k▼ 18.0%€15k▲ 126%€6k▼ 59.9%
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 50% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €215k
Fixed assets
€96k▼ 12.4%
Current assets
€118k▲ 22.5%
Equity and liabilities €215k
Equity
€112k▲ 5.6%
Debt
€103k▲ 2.2%
The debt ratio falls from 48.9% to 48.1%: equity grows faster than debt.
Key figures and ratios
EBITDA
€25k▼
2024 · €36k
Cash flow
€20k▼
2024 · €28k
Solvency
51.9%▲
2024 · 51.1%
Current ratio
1.15▲
2024 · 0.96
Quick ratio
1.04▲
2024 · 0.86
Debt / equity
0.93▼
2024 · 0.96
ROE
5.3%▼
2024 · 14.0%
ROA
2.8%▼
2024 · 7.1%
Interest coverage
11.48▼
2024 · 20.92
Debt
€103k▲
2024 · €101k
Debt ≤ 1 year
€103k▲
2024 · €101k
Income taxes
€3k▼
2024 · €6k
Staff costs
€79k▲
2024 · €65k
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€207k€215k▲
Fixed assets21/28€110k€96k▼
Tangible fixed assets22/27€109k€96k▼
Land and buildings22€98k€88k▼
Plant, machinery and equipment23€573€0▼
Furniture and vehicles24€10k€7k▼
Assets under construction and advance payments27€0-
Financial fixed assets28€800€800=
Current assets29/58€97k€118k▲
Stocks and contracts in progress3€10k€11k▲
Stocks30/36€10k€11k▲
Amounts receivable within one year40/41€5k€10k▲
Trade receivables40€1k€7k▲
Other amounts receivable41€4k€3k▼
Current investments50/53-€0
Cash at bank and in hand54/58€82k€98k▲
Equity and liabilities
Total equity and liabilities10/49€207k€215k▲
Equity10/15€106k€112k▲
Contributions10/11€19k€19k=
Reserves13€87k€93k▲
Distributable reserves133€87k€93k▲
Profit (loss) carried forward14€464€479▲
Amounts payable17/49€101k€103k▲
Amounts payable within one year42/48€101k€103k▲
Current portion of amounts payable after more than one year42€0€0=
Trade debts44€9k€15k▲
Suppliers440/4€9k€15k▲
Taxes, remuneration and social security45€15k€14k▼
Taxes450/3€7k€4k▼
Remuneration and social security454/9€7k€10k▲
Other amounts payable47/48€78k€74k▼
Income statement
Code20242025
Remuneration, social security and pensions62€65k€79k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€14k=
Other operating charges640/8€3k€3k▲
Gross operating margin9900€104k€107k▲
Operating profit (loss)9901€22k€11k▼
Financial income75/76B€44€294▲
Recurring financial income75€44€294▲
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€20k€9k▼
Income taxes67/77€6k€3k▼
Profit (loss) for the period9904€15k€6k▼
Profit (loss) for the period to be appropriated9905€15k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€15k€6k▼
Profit (loss) brought forward from the previous period14P€464€464=
Transfer from equity791/2€49k-
Transfer to equity691/2€15k€6k▼
To other reserves6921€15k€6k▼
Profit to be distributed694/7€49k-
Return on contributions (dividend)694€49k-
The notes to these accounts (5 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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
24-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 55 days late
2020
31-12
Financial
Highest result since 2018net €34k ▲127%
Operating result €41k, net result €34k, both a record.
31-12
Financial
Equity above €100kEq €104k ▲49.7%
3 profitable years in a row build equity to €104k.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 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.
Directors · office · real estate
Directors
1 act for this company is 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, Eupen · 1 establishment unit since 2002
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.
Kehrweg 24700 Eupen1 establishment unit
MACADAM
since 20022.095.805.754
Recognitions · licences · registrations
Food safety, FASFC
1 siteEupen2.095.805.754
Similar companies · same sector, comparable size
OTOMAT
BE 0630.935.510
Antwerpen · Eq €112k
BUDDHA DARSHAN
BE 0830.323.166
Gent · Eq €112k
BG MAGNI
BE 0554.675.791
Rendeux · Eq €112k
LES FABLES DU LIBAN
BE 0778.679.079
Liège · Eq €112k
VU TRUNG
BE 0665.745.147
Brussel · Eq €112k
Of 20,231 companies in sector 56111 we hold annual accounts for 11,313. 9,343 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-01-2002
Fiscal year end31-12
Activities, NACEBEL
55301
56101Full-service restaurants
56111Full-service restaurants
55302
55401
55522
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
56210Event catering
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filings
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.