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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Shrinking team NBB
FTE fell two years in a row, from 5.7 to 4.2.
Financials
Financial year 2025
MACAN.GROUP from Brussel, company number BE0466381344, closed financial year 2025 with a result of € -1 million after tax. For that financial year MACAN.GROUP recorded revenue of € 110,500 and equity of € 4.5 million. Compared with financial year 2024, the result moved from € -457,907 to € -1 million. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 7, 2026.
€ 4.5 million
▼ 19% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1 million
▼ 127 % more loss than in 2024
Profit after tax over the fiscal year.
€ 1.6 million
▲ € 1.5 million vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -943,454.
People and assets in 2025
4.2
▼ 0.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 679,879
▲ 4% vs 2024
€ 161,900 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.
€ 17,224
▲ 54% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 663,000
▲ 184% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 368 days on average.
€ 170,661
▲ 3% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 3,000 | € 60,000 | € 110,500 | ▲ 84% |
| Profit after taxes | € -882,719 | € -559,974 | € -457,907 | € -1,040,434 | ▼ € 582,527 |
| Equity | € 6,596,520 | € 6,036,546 | € 5,578,639 | € 4,538,204 | ▼ 19% |
| Total debts | € 20,067,721 | € 20,981,638 | € 21,808,000 | € 23,147,481 | ▲ 6% |
| Cash | € 1,149,107 | € 118,192 | € 63,598 | € 1,609,038 | ▲ € 1.5 million |
| Retained profit | € 1,114,862 | € 554,888 | € 96,981 | € -943,454 | ▼ € 1 million |
| Bank debt | € 4,492,254 | € 4,661,664 | € 2,365,600 | € 0 | ▼ 100% |
| Balance sheet total | € 26,664,241 | € 27,047,635 | € 27,386,639 | € 27,685,685 | ▲ 1% |
| Employees (FTE) | 1.5 | 5.7 | 5 | 4.2 | ▼ 0.8 |
Key figures of MACAN.GROUP, 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 MACAN.GROUP?
What happened at MACAN.GROUP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- CHARTWELL SA stepped down as director. NBB
- MGH SRL stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 1 million. filed late Source: NBB ↗
- CHARTWELL SA became a director. NBB
- MGH SRL became a director. NBB
- PHG ASSET MANAGEMENT SRL became a director. NBB
- New establishment in Elsene. KBO
- Start of the company according to the CBE. KBO
In short
From € 882,719 loss in 2022 to € 1 million loss in 2025.
Paid € 22,911 in corporate taxes since 2022.
Management
The stake of PHG ASSET MANAGEMENT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MACAN.GROUPBehind MACAN.GROUP is PHG ASSET MANAGEMENT SRL. The shares are held by PHG ASSET MANAGEMENT (100%). It owns 100% of BELGIUM SR, 100% of CASTELL MANAGEMENT, 100% of MACAN DEVELOPMENT BENELUX, 99.9% of MACAN DEVELOPMENT, 99.8% of MD4 RE and 99.8% of MD2 RE itself.
Directors
According to the 2025 annual accounts
Managing director · represented by PHILIPPE GILLION
Also active at: Macan PROPERTIES, Résidence Louise, Société de Transactions Immobilières et de Constructions, Comentri, Les Fermes de Matignolle, MD1 CENTER HOUSE, MACAN DEVELOPMENT, BELGIUM SR +8 more
since 2019
since 2022 · until 2027
Director · represented by ANNEMIEKE HARDEMAN
Also active at: Résidence Louise, Comentri, Les Fermes de Matignolle, COOK & BOOK
since 2022 · until 2027
Shareholders
100%
Participations
100%
100%
MACAN DEVELOPMENT BENELUX
100%
99.9%
99.8%
99.8%
99.8%
51%
51%
51%
Establishments
Establishment units
Physical locations of this company
Louizalaan 251
1050 Brussel
Louizalaan 380
1050 Elsene
Active since 24 January 2000
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
DIGITALOCEAN-ASN - DigitalOcean, LLC, US
Website info
Features
Security
Details
- Company number
- 0466.381.344
- VAT number
- BE 0466.381.344
- Registered office
- Louizalaan 251, 1050 Brussel
- Names & denominations
- MACAN.GROUP
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 June 1999
- Peppol
- Active · Active since 5 Dec 2025
- Contact
- macan.group +32 (0)2 219 00 82
- Activities · NACE
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Activiteiten van holdings
Holdings
Activiteiten van hoofdkantoren