MACOL
ActiveSummary
MACOL has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €512k and a net result of €110k. Equity is shrinking by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 32% of 10359 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability53▼-7
Solvency47▲+2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 1.77 against 1.78 in 2024; short-term debt: 39.3% and cash: 5.6% of total assets), but 78.4% 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+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
21.6%
Return on assets
4.6%
Age of the figures
12 mo
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 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
8 d early
2023
on the day
2022
2 d early
2021
39 d early
2020
on the day
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€512k=
2024 · €512k
2018: €1.11M
2019: €995k
2020: €1.17M
2021: €1.47M
2022: €1.71M
2023: €512k
2024: €512k
2018 → 2025
Total assets
€2.37M▼ 8.3%
2024 · €2.59M
2018: €1.76M
2019: €1.89M
2020: €2.05M
2021: €2.00M
2022: €2.28M
2023: €2.52M
2024: €2.59M
2018 → 2025
Net result
€110k▼ 22.3%
2024 · €142k
2018: €76k
2019: €141k
2020: €263k
2021: €325k
2022: €282k
2023: €223k
2024: €142k
2018 → 2025
Working capital
€715k▼ 11.5%
2024 · €808k
2018: €371k
2019: €263k
2020: €448k
2021: €638k
2022: €906k
2023: €533k
2024: €808k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.47M-€1.71M▲ 16.9%€512k▼ 70.1%€512k=€512k=
Operating result€443k-€395k▼ 10.8%€310k▼ 21.5%€243k▼ 21.7%€195k▼ 19.8%
Net result€325k-€282k▼ 13.1%€223k▼ 21.0%€142k▼ 36.5%€110k▼ 22.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 20% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.37M
Fixed assets
€724k ▼ 2.7%
Current assets
€1.65M ▼ 10.6%
Equity and liabilities €2.37M
Equity
€512k =
Debt
€1.86M ▼ 10.4%
Debt's share of the balance-sheet total falls from 80.2% to 78.4%. Debt is lower.
Key figures and ratios
EBITDA
€233k▼
2024 · €282k
Cash flow
€148k▼
2024 · €180k
Current ratio
1.77▼
2024 · 1.78
Quick ratio
0.75▲
2024 · 0.60
Debt to equity
3.63▼
2024 · 4.05
ROE
21.5%▼
2024 · 27.6%
ROA
4.6%▼
2024 · 5.5%
Interest coverage
3.42▼
2024 · 4.18
Debt ≤ 1 year
€933k▼
2024 · €1.04M
Debt > 1 year
€920k▼
2024 · €1.04M
Income taxes
€36k▼
2024 · €47k
Staff costs
€275k▼
2024 · €282k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 59 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.59M€2.37M▼
Fixed assets21/28€744k€724k▼
Intangible fixed assets21€32€0▼
Tangible fixed assets22/27€744k€724k▼
Land and buildings22€722k€704k▼
Plant, machinery and equipment23€18k€11k▼
Furniture and vehicles24€4k€9k▲
Current assets29/58€1.84M€1.65M▼
Stocks and contracts in progress3€1.23M€947k▼
Stocks30/36€1.23M€947k▼
Amounts receivable within one year40/41€358k€464k▲
Trade receivables40€130k€159k▲
Other amounts receivable41€228k€305k▲
Current investments50/53€90k€75k▼
Cash at bank and in hand54/58€159k€133k▼
Deferred charges and accrued income490/1€10k€30k▲
Equity and liabilities
Total equity and liabilities10/49€2.59M€2.37M▼
Equity10/15€512k€512k=
Contributions10/11€193k€193k=
Capital10€193k€193k=
Issued capital100€193k€193k=
Reserves13€320k€320k=
Non-distributable reserves130/1€42k€42k=
Legal reserve130€42k€42k=
Distributable reserves133€278k€278k=
Profit (loss) carried forward14€0€0=
Amounts payable17/49€2.08M€1.86M▼
Amounts payable after more than one year17€1.04M€920k▼
Trade debts175€1.04M€920k▼
Amounts payable within one year42/48€1.04M€933k▼
Current portion of amounts payable after more than one year42€445k€581k▲
Trade debts44€311k€186k▼
Suppliers440/4€311k€186k▼
Advances received on contracts in progress46€6k€0▼
Taxes, remuneration and social security45€117k€58k▼
Taxes450/3€91k€32k▼
Remuneration and social security454/9€26k€26k▲
Other amounts payable47/48€158k€108k▼
Accrued charges and deferred income492/3€303€7k▲
Income statement
Code20242025
Remuneration, social security and pensions62€282k€275k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€38k▼
Other operating charges640/8€11k€11k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€574k€519k▼
Operating profit (loss)9901€243k€195k▼
Financial income75/76B€13k€19k▲
Recurring financial income75€13k€19k▲
Financial charges65/66B€67k€68k▲
Recurring financial charges65€67k€68k▲
Profit (loss) for the period before taxes9903€189k€146k▼
Income taxes67/77€47k€36k▼
Profit (loss) for the period9904€142k€110k▼
Profit (loss) for the period to be appropriated9905€142k€110k▼
Appropriation of the result
Profit (loss) to be appropriated9906€142k€110k▼
Transfer from equity791/2€0-
Profit to be distributed694/7€142k€110k▼
Return on contributions (dividend)694€139k€108k▼
Employees696€3k€2k▼
Social balance
Average headcount (FTE)90873.73.1▼
The notes to these accounts (15 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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
22-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
22-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Highest result since 2018net €325k ▲23.5%
Operating result €443k, net result €325k, both a record.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Equity above €1MEq €1.17M ▲17.3%
3 profitable years in a row build equity to €1.17M.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
25-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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, Hooglede · 1 establishment unit since 1987
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.
Bruggesteenweg 2018830 HoogledeGround area
1,415 m²
Building footprint
736 m²
Volume, LiDAR
4,711 m³
Parcel 36005A0491/00X000, Flanders · tallest building 8.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MACOL / Fietsen Maes
since 19872.033.963.405
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36005A0491/00X000 | Flanders | 1,415 m² | 1 · 736 m² | 8.6 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 3,725 EUR awarded · 3,725 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
| 2023 | 1 | 0 EUR | 330 EUR |
| 2022 | 1 | 1,725 EUR | 1,395 EUR |
Schemes
Hinderpremie bij openbare werken
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteHooglede2.033.963.405
Similar companies · same sector, comparable size
GHISLAIN CYCLES
BE 0453.624.260
Heusden-Zolder · Eq €511k
FIETSEN MERTENS
BE 0511.931.653
Lommel · Eq €514k
FIETSEN CATTRYSSE
BE 0459.499.886
De Haan · Eq €515k
FIETSEN CLAESSENS
BE 0479.753.288
Willebroek · Eq €506k
DBL SALENS
BE 0475.140.444
Pajottegem · Eq €505k
Of 1,467 companies in sector 47632 we hold annual accounts for 733. 567 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded04-12-1986
Fiscal year end30-09
Activities, NACEBEL 2025
47632Retail sale of bicycles
46730Wholesale trade
47830Retail sale of motorcycles and motorcycle parts and accessories
64190Financial service activities, except insurance and pension funding
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.