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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 49 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MACOR from Wellen, company number BE0476650179, closed financial year 2025 with a result of € 7,757 after tax. For that financial year MACOR recorded a gross margin of € 9,044 and equity of € -2,701. Compared with financial year 2024, the result moved from € 7,479 to € 7,757. Profitable, and profit is growing. 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 July 31, 2026.
€ -2,701
▲ € 7,757 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 7,757
▲ 4% vs 2024
Profit after tax over the fiscal year.
€ 17
▲ 1% 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 € -21,301.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 7,572
▼ 25% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 844
▲ 36% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -3,919 | € 3,935 | € 8,405 | € 9,044 | ▲ 8% |
| Profit after taxes | € -4,939 | € 1,828 | € 7,479 | € 7,757 | ▲ 4% |
| Equity | € -19,765 | € -17,937 | € -10,458 | € -2,701 | ▲ € 7,757 |
| Total debts | € 23,412 | € 23,293 | € 21,214 | € 13,970 | ▼ 34% |
| Cash | € 0 | € 11 | € 17 | € 17 | ▲ 1% |
| Retained profit | € -38,365 | € -36,537 | € -29,058 | € -21,301 | ▲ € 7,757 |
| Bank debt | € 10,909 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 3,647 | € 5,357 | € 10,757 | € 11,269 | ▲ 5% |
Key figures of MACOR, 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 MACOR?
What happened at MACOR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 7,757 (▲ 4% vs 2024). Source: NBB ↗
- New establishment in Wellen. KBO
- Start of the company according to the CBE. KBO
- Margot Cornitensis became a director. NBB
In short
From € 4,939 loss in 2022 to € 7,757 profit in 2025.
Paid € 844 in corporate taxes since 2022.
Best year ever: 2025, with € 7,757 profit.
Management
Behind MACOR is Margot Cornitensis.
Directors
According to the 2025 annual accounts
Margot Cornitensis
Manager
since 2001
Establishments
Establishment units
Physical locations of this company
Smissebroek 48
3830 Wellen
Smissebroek 48 box 2
3830 Wellen
Active since 4 March 2002
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0476.650.179
- VAT number
- BE 0476.650.179
- Registered office
- Smissebroek 48, 3830 Wellen
- Names & denominations
- MACOR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 January 2002
- Peppol
- Active · Active since 15 Dec 2025
- Activities · NACE
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