MACRO DECOR
ActiveSummary
MACRO DECOR has been active since 1977 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €657k and a net result of €61k. Equity is growing by ~23.7% per year across the filed fiscal years. Its solvency ranks better than 34% of 691 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability46▲+1
Solvency36▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity short (current ratio 0.32 against 0.21 in 2024; short-term debt: 30.8% and cash: 3.2% of total assets), and 88.7% of the assets are financed with debt.
Credit check 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
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
11.3%
Return on assets
1.1%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Accommodation (NACE 55)
about 6% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
28 d late
2023
106 d late
2022
251 d late
2021
9 d early
2020
30 d late
2019
91 d late
← before the deadline
after the deadline →
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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€657k▲ 10.3%
2024 · €596k
2018: €22klowest in 8 years
2019: €77k▲ +250% vs 2018
2020: €293k▲ +281% vs 2019
2021: €337k▲ +15.0% vs 2020
2022: €454k▲ +34.6% vs 2021
2023: €569k▲ +25.3% vs 2022
2024: €596k▲ +4.8% vs 2023
2025: €657k▲ +10.3% vs 2024highest in 8 years
2018 → 2025
Total assets
€5.79M▲ 1.4%
2024 · €5.71M
2018: €2.04M
2019: €2.01M▼ -1.7% vs 2018
2020: €1.99M▼ -1.1% vs 2019lowest in 8 years
2021: €2.78M▲ +39.8% vs 2020
2022: €3.67M▲ +32.0% vs 2021
2023: €4.41M▲ +20.1% vs 2022
2024: €5.71M▲ +29.6% vs 2023
2025: €5.79M▲ +1.4% vs 2024highest in 8 years
2018 → 2025
Net result
€61k▲ 126%
2024 · €27k
2018: €-76klowest in 8 years
2019: €55k▲ +172% vs 2018
2020: €216k▲ +294% vs 2019highest in 8 years
2021: €44k▼ -79.7% vs 2020
2022: €117k▲ +166% vs 2021
2023: €115k▼ -1.6% vs 2022
2024: €27k▼ -76.4% vs 2023
2025: €61k▲ +126% vs 2024
2018 → 2025
Working capital
€-1.21M▼ 2.0%
2024 · €-1.19M
2018: €-131k
2019: €-170k▼ -30.0% vs 2018
2020: €-116k▲ +32.1% vs 2019highest in 8 years
2021: €-132k▼ -14.0% vs 2020
2022: €-394k▼ -199% vs 2021
2023: €-539k▼ -36.8% vs 2022
2024: €-1.19M▼ -121% vs 2023
2025: €-1.21M▼ -2.0% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€337k-€454k▲ 34.6%€569k▲ 25.3%€596k▲ 4.8%€657k▲ 10.3%
2021: €337klowest in 5 years
2022: €454k▲ +34.6% vs 2021
2023: €569k▲ +25.3% vs 2022
2024: €596k▲ +4.8% vs 2023
2025: €657k▲ +10.3% vs 2024highest in 5 years
Operating result€65k-€202k▲ 210%€218k▲ 7.7%€162k▼ 25.6%€219k▲ 35.6%
2021: €65klowest in 5 years
2022: €202k▲ +210% vs 2021
2023: €218k▲ +7.7% vs 2022
2024: €162k▼ -25.6% vs 2023
2025: €219k▲ +35.6% vs 2024highest in 5 years
Net result€44k-€117k▲ 166%€115k▼ 1.6%€27k▼ 76.4%€61k▲ 126%
2021: €44k
2022: €117k▲ +166% vs 2021highest in 5 years
2023: €115k▼ -1.6% vs 2022
2024: €27k▼ -76.4% vs 2023lowest in 5 years
2025: €61k▲ +126% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 36% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.79M
Fixed assets
€5.22M ▼ 3.3%
Current assets
€571k ▲ 83.6%
Equity and liabilities €5.79M
Equity
€657k ▲ 10.3%
Provisions
€149k ▼ 6.0%
Debt
€4.99M ▲ 0.6%
Debt's share of the balance-sheet total falls from 86.8% to 86.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€451k▲
2024 · €369k
Cash flow
€293k▲
2024 · €234k
Current ratio
0.32▲
2024 · 0.21
Quick ratio
0.32▲
2024 · 0.20
Debt to equity
7.59▼
2024 · 8.32
ROE
9.3%▲
2024 · 4.5%
ROA
1.1%▲
2024 · 0.5%
Interest coverage
3.12▲
2024 · 3.02
Debt ≤ 1 year
€1.78M▲
2024 · €1.50M
Debt > 1 year
€3.20M▼
2024 · €3.46M
Income taxes
€25k▲
2024 · €22k
Staff costs
€43k▼
2024 · €44k
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 · 60 lines
Balance sheet
Code20242025
Assets
Total assets20/58€5.71M€5.79M▲
Fixed assets21/28€5.40M€5.22M▼
Tangible fixed assets22/27€5.38M€5.18M▼
Land and buildings22€5.35M€5.16M▼
Furniture and vehicles24€25k€18k▼
Financial fixed assets28€21k€41k▲
Current assets29/58€311k€571k▲
Stocks and contracts in progress3€5k€5k▲
Stocks30/36€5k€5k▲
Amounts receivable within one year40/41€232k€193k▼
Trade receivables40€54k€27k▼
Other amounts receivable41€179k€166k▼
Current investments50/53€4k€4k=
Cash at bank and in hand54/58€70k€187k▲
Deferred charges and accrued income490/1-€182k
Equity and liabilities
Total equity and liabilities10/49€5.71M€5.79M▲
Equity10/15€596k€657k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€534k€595k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€437k€408k▼
Distributable reserves133€90k€180k▲
Provisions and deferred taxes16€158k€149k▼
Deferred taxes168€158k€149k▼
Amounts payable17/49€4.96M€4.99M▲
Amounts payable after more than one year17€3.46M€3.20M▼
Financial debts170/4€3.46M€3.20M▼
Amounts payable within one year42/48€1.50M€1.78M▲
Current portion of amounts payable after more than one year42€243k€254k▲
Financial debts43€870k€870k=
Credit institutions430/8€870k€870k=
Trade debts44€31k€143k▲
Suppliers440/4€31k€143k▲
Advances received on contracts in progress46-€209k
Taxes, remuneration and social security45€127k€129k▲
Taxes450/3€113k€120k▲
Remuneration and social security454/9€14k€9k▼
Other amounts payable47/48€230k€180k▼
Income statement
Code20242025
Non-recurring operating income76A-€0
Remuneration, social security and pensions62€44k€43k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€207k€232k▲
Other operating charges640/8€42k€30k▼
Gross operating margin9900€455k€525k▲
Operating profit (loss)9901€162k€219k▲
Financial income75/76B-€2k
Recurring financial income75-€2k
Financial charges65/66B€122k€145k▲
Recurring financial charges65€122k€145k▲
Profit (loss) for the period before taxes9903€40k€76k▲
Transfer from deferred taxes780€10k€10k=
Income taxes67/77€22k€25k▲
Profit (loss) for the period9904€27k€61k▲
Transfer from tax-exempt reserves789€29k€29k=
Profit (loss) for the period to be appropriated9905€56k€90k▲
Appropriation of the result
Profit (loss) to be appropriated9906€56k€90k▲
Transfer to equity691/2€56k€90k▲
To other reserves6921€56k€90k▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | - | - | €0 | - |
| Remuneration, social security and pensions62 | - | €4k | €21k | €44k | €43k | ▼ 2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €101k | €129k | €172k | €207k | €232k | ▲ 11.9% |
| Other operating charges640/8 | €28k | €37k | €28k | €42k | €30k | ▼ 27.2% |
| Gross operating margin9900 | €193k | €372k | €439k | €455k | €525k | ▲ 15.3% |
| Operating profit (loss)9901 | €65k | €202k | €218k | €162k | €219k | ▲ 35.6% |
| Financial income75/76B | €0 | - | €1 | - | €2k | - |
| Recurring financial income75 | €0 | - | €1 | - | €2k | - |
| Financial charges65/66B | €31k | €54k | €81k | €122k | €145k | ▲ 18.6% |
| Recurring financial charges65 | €31k | €54k | €81k | €122k | €145k | ▲ 18.6% |
| Profit (loss) for the period before taxes9903 | €34k | €148k | €136k | €40k | €76k | ▲ 91.4% |
| Transfer from deferred taxes780 | €10k | €11k | €13k | €10k | €10k | = |
| Transfer to deferred taxes680 | €0 | €31k | - | - | - | - |
| Income taxes67/77 | - | €11k | €35k | €22k | €25k | ▲ 10.6% |
| Profit (loss) for the period9904 | €44k | €117k | €115k | €27k | €61k | ▲ 126% |
| Transfer from tax-exempt reserves789 | €30k | €33k | €40k | €29k | €29k | = |
| Transfer to tax-exempt reserves689 | €0 | €94k | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €74k | €56k | €155k | €56k | €90k | ▲ 61.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.78M | €3.67M | €4.41M | €5.71M | €5.79M | ▲ 1.4% |
| Fixed assets21/28 | €2.58M | €3.51M | €4.16M | €5.40M | €5.22M | ▼ 3.3% |
| Tangible fixed assets22/27 | €2.56M | €3.48M | €4.14M | €5.38M | €5.18M | ▼ 3.7% |
| Land and buildings22 | €2.56M | €3.48M | €4.12M | €5.35M | €5.16M | ▼ 3.6% |
| Furniture and vehicles24 | - | - | €21k | €25k | €18k | ▼ 25.5% |
| Financial fixed assets28 | €26k | €26k | €21k | €21k | €41k | ▲ 95.2% |
| Current assets29/58 | €194k | €158k | €248k | €311k | €571k | ▲ 83.6% |
| Stocks and contracts in progress3 | - | - | €5k | €5k | €5k | ▲ 6.7% |
| Stocks30/36 | - | - | €5k | €5k | €5k | ▲ 6.7% |
| Amounts receivable within one year40/41 | €140k | €151k | €228k | €232k | €193k | ▼ 16.8% |
| Trade receivables40 | €3k | €14k | €66k | €54k | €27k | ▼ 49.9% |
| Other amounts receivable41 | €137k | €137k | €162k | €179k | €166k | ▼ 6.9% |
| Current investments50/53 | - | - | €4k | €4k | €4k | = |
| Cash at bank and in hand54/58 | €54k | €7k | €11k | €70k | €187k | ▲ 168% |
| Deferred charges and accrued income490/1 | - | - | - | - | €182k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.78M | €3.67M | €4.41M | €5.71M | €5.79M | ▲ 1.4% |
| Equity10/15 | €337k | €454k | €569k | €596k | €657k | ▲ 10.3% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €451k | €512k | €507k | €534k | €595k | ▲ 11.5% |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Tax-exempt reserves132 | €445k | €506k | €466k | €437k | €408k | ▼ 6.6% |
| Distributable reserves133 | - | - | €35k | €90k | €180k | ▲ 99.4% |
| Profit (loss) carried forward14 | €-176k | €-120k | - | - | - | - |
| Provisions and deferred taxes16 | €161k | €181k | €168k | €158k | €149k | ▼ 6.0% |
| Deferred taxes168 | €161k | €181k | €168k | €158k | €149k | ▼ 6.0% |
| Amounts payable17/49 | €2.28M | €3.03M | €3.67M | €4.96M | €4.99M | ▲ 0.6% |
| Amounts payable after more than one year17 | €1.95M | €2.48M | €2.88M | €3.46M | €3.20M | ▼ 7.3% |
| Financial debts170/4 | €1.95M | €2.48M | €2.88M | €3.46M | €3.20M | ▼ 7.3% |
| Amounts payable within one year42/48 | €326k | €552k | €787k | €1.50M | €1.78M | ▲ 18.9% |
| Current portion of amounts payable after more than one year42 | €131k | €154k | €206k | €243k | €254k | ▲ 4.4% |
| Financial debts43 | - | €74k | €285k | €870k | €870k | = |
| Credit institutions430/8 | - | €74k | €285k | €870k | €870k | = |
| Trade debts44 | €95k | €68k | €4k | €31k | €143k | ▲ 362% |
| Suppliers440/4 | €95k | €68k | €4k | €31k | €143k | ▲ 362% |
| Advances received on contracts in progress46 | - | - | - | - | €209k | - |
| Taxes, remuneration and social security45 | €40 | €35k | €76k | €127k | €129k | ▲ 1.8% |
| Taxes450/3 | €40 | €34k | €67k | €113k | €120k | ▲ 6.2% |
| Remuneration and social security454/9 | - | €1k | €10k | €14k | €9k | ▼ 34.5% |
| Other amounts payable47/48 | €100k | €220k | €216k | €230k | €180k | ▼ 21.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €44k | €117k | €115k | €27k | €61k | ▲ 126% |
| + Depreciation and write-downs630 | €101k | €129k | €172k | €207k | €232k | ▲ 11.9% |
| Operating cash flow (approximation) | €144k | €245k | €287k | €234k | €293k | ▲ 25.0% |
| Investment in fixed assets (approximation) | - | €-1.05M | €-820k | €-1.45M | €-54k | ▲ 96.3% |
| Change in cash | - | €-47k | €5k | €58k | €117k | ▲ 101% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
14-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 106 days late
07-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 251 days late
2023
31-12
Financial
Equity above €500kEq €569k ▲25.3%
5 profitable years in a row build equity to €569k.
2022
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Highest result since 2018net €216k ▲294%
Operating result €311k, net result €216k, both a record.
31-12
Financial
Equity above €200kEq €293k ▲281%
2 profitable years in a row build equity to €293k.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Back to profitnet €55k
Net result €55k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-07
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.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Antwerpen · 1 establishment unit since 1978
Ground area
329 m²
Building footprint
200 m²
Volume, LiDAR
2,295 m³
2 parcels, Flanders · tallest building 21.2 m, ±7 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Brialmontlei 4, 2018 Antwerpen
since 19782.014.191.637
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11806F1209/00R007 | Flanders | 262 m² | 1 · 133 m² | 16.3 m · 2 fl. |
| 11803C0699/00F000 | Flanders | 67 m² | 1 · 67 m² | 21.2 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 732 companies in sector 55209 we hold annual accounts for 208. 121 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded16-11-1977
Fiscal year end31-12
Activities, NACEBEL 2025
55100Hotels and similar accommodation
55209Other holiday and short-stay accommodation
Scores and ratios are computed by Checked and are not a credit decision.