Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 28 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
11 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
MAC RAY from Wavre, company number BE0426399033, closed financial year 2025 with a result of € 25,172 after tax. For that financial year MAC RAY recorded a gross margin of € 724,038 and equity of € 216,486. Compared with financial year 2024, the result moved from € 16,292 to € 25,172. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 216,486
▲ 13% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 25,172
▲ 55% vs 2024
Profit after tax over the fiscal year.
€ 25,529
▼ 64% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -86,013.
People and assets in 2025
€ 444,973
▼ 4% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 57,303
▼ 5% vs 2024
Of which on lease € 234.
Debts at end 2025
€ 1.2 million
€ 1.1 million is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 381,299
▼ 32% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 60,701
▲ 43% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 922,660 | € 788,512 | € 706,979 | € 724,038 | ▲ 2% |
| Profit after taxes | € -60,625 | € -154,458 | € 16,292 | € 25,172 | ▲ 55% |
| Equity | € 329,479 | € 175,021 | € 191,314 | € 216,486 | ▲ 13% |
| Total debts | € 1,648,687 | € 1,834,704 | € 1,943,574 | € 1,763,012 | ▼ 9% |
| Cash | € 103,820 | € 138,895 | € 70,458 | € 25,529 | ▼ 64% |
| Retained profit | € 26,980 | € -127,477 | € -111,185 | € -86,013 | ▲ € 25,172 |
| Dividend | € 100,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 1,009,394 | € 999,687 | € 1,237,934 | € 1,233,653 | |
| Balance sheet total | € 1,978,166 | € 2,009,726 | € 2,134,887 | € 1,979,498 | ▼ 7% |
| Employees (FTE) | 11.9 | - | - | - |
Key figures of MAC RAY, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to MAC RAY?
What happened at MAC RAY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Hadrien BINDELS stepped down as director. NBB
- STELLA CORP SRL stepped down as director. NBB
- TOLSTOY & CO SRL stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 25,172 (▲ 55% vs 2024). filed late Source: NBB ↗
- M's C Holding SA stepped down as director. NBB
- AMALPHI SRL stepped down as director. NBB
- Hadrien BINDELS became a director. NBB
- STELLA CORP SRL became a director. NBB
In short
From € 60,625 loss in 2022 to € 25,172 profit in 2025.
Paid € 7,596 in corporate taxes since 2022.
Best year ever: 2025, with € 25,172 profit.
On average € 77,500 of value added per employee in 2022.
Management
The stake of M's C HOLDING, MC CORP. comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MAC RAYThe shares are held by M's C HOLDING (10%) and MC CORP.. It owns 50% of Be Spirit Collection SL itself.
Directors
According to the 2025 annual accounts
since 2020 · until 2026
Représentant permanent personne morale · represented by Marie-Laetitia ZICHY
Also active at: L.Z.BE MANAGEMENT
since 2020 · until 2026
Hadrien BINDELS
Director
since 2026 · until 2031
Director · represented by Nicolas BINDELS
since 2026 · until 2031
Serge Alain SILBER
Director
since 2020 · until 2026
Director · represented by Youri TOLSTOY
since 2026 · until 2031
Shareholders
Participations
Be Spirit Collection SL
50%
Establishments
Establishment units
Physical locations of this company
Avenue Edison 20
1300 Wavre
Jules Du Jardinlaan 8
1150 Sint-Pieters-Woluwe
Active since 29 October 1984
Naamsestraat 38
1000 Brussel
Active since 1 April 2007
Naamsestraat 39
1000 Brussel
Active since 1 July 2003
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 11 companies are registered at this address.
All companies at this address →MC CORP. same network
€ 79,200 revenue · 2025
VAUBAN GROUP
€ 38,920 gross margin · 2025
EEZEE GROUP
€ 166,014 gross margin · 2025
L’Atelier-AE
€ 71,746 gross margin · 2025
EXQUANDO
€ 3.1 million gross margin · 2025
+6 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
OVH, FR
Domain
Domain
mariescorner.com
Registered
1997-11-16
Registrar
Gandi SAS
Expires
2026-11-15
Website info
Features
Security
Network
Details
- Company number
- 0426.399.033
- VAT number
- BE 0426.399.033
- Registered office
- Avenue Edison 20, 1300 Wavre
- Names & denominations
- MAC RAY
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 September 1984
- Peppol
- Active · Active since 22 Jan 2026
- Contact
- mariescorner.com +3210849680
- Activities · NACE
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