Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 8 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MACNASH from Elsene, company number BE0460797114, closed financial year 2025 with a result of € 175,868 after tax. For that financial year MACNASH recorded a gross margin of € 295,535 and equity of € -313,347. Compared with financial year 2024, the result moved from € 312,188 to € 175,868. The company is profitable. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 31, 2025.
€ -313,347
▲ € 175,868 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 175,868
▼ 44% vs 2024
Profit after tax over the fiscal year.
€ 89,939
▼ 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 € -1.6 million.
People and assets in 2025
0.5
Average over the fiscal year, from the social balance sheet.
€ 25,354
▲ 1% 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.
€ 17,542
▼ 21% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 553,784
▼ 17% vs 2024
€ 108,732 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 7,940
▲ 23% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 3,256
▼ 77% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 195,658 | € 354,140 | € 429,305 | € 295,535 | ▼ 31% |
| Profit after taxes | € 95,915 | € 245,163 | € 312,188 | € 175,868 | ▼ 44% |
| Equity | € -1,046,566 | € -801,403 | € -489,215 | € -313,347 | ▲ € 175,868 |
| Total debts | € 2,499,046 | € 2,215,654 | € 2,083,417 | € 1,700,278 | ▼ 18% |
| Cash | € 52,365 | € 58,899 | € 247,252 | € 89,939 | ▼ 64% |
| Land & buildings | € 1,390,763 | € 1,343,441 | € 1,296,448 | € 1,269,507 | ▼ 2% |
| Retained profit | € -2,326,566 | € -2,081,403 | € -1,769,215 | € -1,593,347 | ▲ € 175,868 |
| Bank debt | € 879,343 | € 751,217 | € 665,818 | € 553,784 | ▼ 17% |
| Balance sheet total | € 1,452,480 | € 1,414,251 | € 1,594,202 | € 1,386,931 | ▼ 13% |
| Employees (FTE) | 0.5 | 0.5 | 0.5 | 0.5 |
Key figures of MACNASH, 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 October 2026.
What happened to MACNASH?
What happened at MACNASH in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- PATRICK MENACHE stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 175,868 (▼ 44% vs 2024). Source: NBB ↗
- PATRICK MENACHE became a director. NBB
- New establishment in Elsene. KBO
- Start of the company according to the CBE. KBO
In short
From € 95,915 profit in 2022 to € 175,868 profit in 2025.
Paid € 128 in corporate taxes since 2022.
Best year ever: 2024, with € 312,188 profit.
A new publication or filing at MACNASH? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Darwinstraat 65A
1050 Elsene
Darwinstraat 65
1050 Elsene
Active since 12 June 1997
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0460.797.114
- VAT number
- BE 0460.797.114
- Registered office
- Darwinstraat 65A, 1050 Elsene
- Names & denominations
- MACNASH
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 4 June 1997
- Peppol
- Active · Active since 10 Dec 2025
- Activities · NACE
Handel in eigen onroerend goed
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Beroepsopleiding
Overige financiële dienstverlening, neg
Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten
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