Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2023 and 2024.
-
Tight liquidity NBB
Cash and receivables cover 31 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
MACAN DEVELOPMENT from Elsene, company number BE0508869423, closed financial year 2024 with a result of € -4.7 million after tax. For that financial year MACAN DEVELOPMENT recorded revenue of € 214,220 and equity of € 9.3 million. Compared with financial year 2023, the result moved from € -268,669 to € -4.7 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 June 27, 2025.
€ 9.3 million
▼ 34% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4.7 million
▼ 1655 % more loss than in 2023
Profit after tax over the fiscal year.
€ 466,556
▼ 57% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 3.7 million.
People and assets in 2024
1
▼ 3.8 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 152,255
▼ 14% vs 2023
€ 152,300 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.
€ 21,274
▼ 38% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 14.8 million
▼ 15% vs 2023
€ 1.2 million is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 963,062
▲ 18% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 347 days on average.
€ 20,664
▲ 10% vs 2023
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 4,948,790 | € 504,114 | € 66,275 | € 214,220 | ▲ 223% |
| Profit after taxes | € 3,557,672 | € -3,858,198 | € -268,669 | € -4,716,267 | ▼ € 4.4 million |
| Equity | € 18,126,963 | € 14,268,765 | € 14,000,096 | € 9,283,829 | ▼ 34% |
| Total debts | € 10,007,188 | € 19,847,879 | € 20,546,410 | € 22,027,141 | ▲ 7% |
| Cash | € 350,240 | € 333,949 | € 1,091,862 | € 466,556 | ▼ 57% |
| Retained profit | € 12,526,963 | € 8,668,765 | € 8,400,096 | € 3,683,829 | ▼ 56% |
| Dividend | € 525,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 7,195,890 | € 17,373,422 | € 17,491,614 | € 14,833,250 | ▼ 15% |
| Balance sheet total | € 28,134,151 | € 34,116,644 | € 34,546,506 | € 31,310,971 | ▼ 9% |
| Employees (FTE) | 3.3 | 4.8 | 4.8 | 1 | ▼ 3.8 |
Key figures of MACAN DEVELOPMENT, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to MACAN DEVELOPMENT?
What happened at MACAN DEVELOPMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 4.7 million. Source: NBB ↗
- OKIMONO SRL stepped down as director. NBB
- OKIMONO SRL became a director. NBB
- PHG ASSET MANAGEMENT SRL became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Elsene. KBO
In short
From € 3.6 million profit in 2021 to € 4.7 million loss in 2024.
Paid € 146,649 in corporate taxes since 2021.
Best year ever: 2021, with € 3.6 million profit.
Paid out € 525,000 in dividends to the owners in total.
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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
The stake of MACAN.GROUP, PHG ASSET MANAGEMENT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MACAN DEVELOPMENTBehind MACAN DEVELOPMENT is PHG ASSET MANAGEMENT SRL. The shares are held by MACAN.GROUP (99.9%) and PHG ASSET MANAGEMENT (0.1%). It owns 100% of PARMENTIER DEVELOPMENT, 100% of IMMOBILIERE DES VIGNES, 100% of SILICONE MARCHE, 100% of MD1 Centre House, 100% of SAULES INVEST and 99% of IMMO BERVOETS itself.
Directors
According to the 2024 annual accounts
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.GROUP, BELGIUM SR +8 more
since 2019
Director · represented by SVEN JANSSENS
Also active at: Macan PROPERTIES, PARMENTIER DEVELOPMENT, MD1 CENTER HOUSE, MACAN.GROUP, BELGIUM SR, SILICONE MARCHE, IMMO BERVOETS, SAULES INVEST +4 more
since 2023 · until 2025
Shareholders
99.9%
0.1%
Participations
100%
100%
100%
99%
50%
Establishments
Establishment units
Physical locations of this company
Louizalaan 251
1050 Elsene
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →Agrer
€ 7.1 million revenue · 2025
SETESCO Structural Engineers
€ 498,372 gross margin · 2025
Société de Transactions Immobilières et de Constructions same network
€ 2.3 million revenue · 2025
Comentri same network
€ 16,789 gross margin · 2025
SOMIBA
€ 463,349 gross margin · 2025
+3 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0508.869.423
- VAT number
- BE 0508.869.423
- Registered office
- Louizalaan 251, 1050 Elsene
- Names & denominations
- MACAN DEVELOPMENT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 3 January 2013
- Peppol
- Active · Active since 5 Dec 2025
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten
Handel in eigen onroerend goed
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Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering