Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 40 % of short-term debt in 2025; threshold 65 %.
-
Shrinking team NBB
FTE fell two years in a row, from 9 to 4.
Financials
Financial year 2025
BAG-MacBen from Sint-Niklaas, company number BE0447286695, closed financial year 2025 with a result of € 34,182 after tax. For that financial year BAG-MacBen recorded a gross margin of € 463,148 and equity of € 167,238. Compared with financial year 2024, the result moved from € -227,283 to € 34,182. 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 July 1, 2026.
€ 167,238
▲ 226% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 34,182
▲ still € 227,283 loss in 2024
Profit after tax over the fiscal year.
€ 37,025
▲ 175% 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 € 104,025.
People and assets in 2025
4
▼ 2.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 292,679
▼ 44% vs 2024
€ 73,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 3,867
▼ 46% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 793,824
▲ 12% vs 2024
€ 56,444 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 145,857
▲ 29% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 57,555
▲ 3% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 469,217 | € 660,873 | € 434,208 | € 463,148 | ▲ 7% |
| Profit after taxes | € -62,193 | € -143,678 | € -227,283 | € 34,182 | ▲ € 261,465 |
| Equity | € 419,482 | € 278,552 | € 51,269 | € 167,238 | ▲ 226% |
| Total debts | € 1,590,096 | € 1,662,798 | € 1,799,921 | € 2,014,871 | ▲ 12% |
| Cash | € 82,516 | € 59,401 | € 13,441 | € 37,025 | ▲ 175% |
| Land & buildings | € 1,104,195 | € 1,058,020 | € 1,011,921 | € 965,823 | ▼ 5% |
| Retained profit | € 400,890 | € 259,960 | € 32,677 | € 104,025 | ▲ 218% |
| Bank debt | € 884,544 | € 811,272 | € 708,841 | € 793,824 | ▲ 12% |
| Balance sheet total | € 2,016,275 | € 1,981,157 | € 1,888,956 | € 2,217,834 | ▲ 17% |
| Employees (FTE) | 6.9 | 9 | 6.5 | 4 | ▼ 2.5 |
Key figures of BAG-MacBen, 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 BAG-MacBen?
What happened at BAG-MacBen in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 34,182. Source: NBB ↗
- New establishment in Sint-Niklaas. KBO
- Start of the company according to the CBE. KBO
In short
From € 62,193 loss in 2022 to € 34,182 profit in 2025.
Paid € 33,184 in corporate taxes since 2022.
Best year ever: 2025, with € 34,182 profit.
On average € 115,800 of value added per employee in 2025.
Management
The stake of RICARO, Newton Force comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BAG-MacBenBehind BAG-MacBen is Newton Force BV. The shares are held by RICARO (100%) and Newton Force (100%).
Directors
According to the 2025 annual accounts
Director · represented by Cédric De Quinnemar
Also active at: OPTIMUS, RYCOBEL, Betonadvies Gijko, RICARO, Cromen, EUROPEAN LAB SERVICES
Shareholders
100%
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Oostjachtpark 12
9100 Sint-Niklaas
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →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
COMBELL-AS, BE
Domain
Domain
macben.eu
Registrar
Combell NV
Website info
Features
Security
Network
Details
- Company number
- 0447.286.695
- VAT number
- BE 0447.286.695
- Registered office
- Oostjachtpark 12, 9100 Sint-Niklaas
- Names & denominations
- BAG-MacBen
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 April 1992
- Peppol
- Active · Active since 8 Jan 2026
- Contact
- macben.eu [email protected] +32037714804
- Activities · NACE
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