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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Tight liquidity NBB
Cash and receivables cover 27 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
C-MAC HOLDING from Ronse, company number BE0666647742, closed financial year 2025 with a result of € 9.6 million after tax. Compared with financial year 2024, the result moved from € -516,420 to € 9.6 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 10, 2026.
€ 22.5 million
▲ 42% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 9.6 million
▲ still € 516,420 loss in 2024
Profit after tax over the fiscal year.
€ 24,177
▲ 59% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 3 million paid out
31 % of the profit went to the shareholders, mostly to Sefunda CTT GmbH (100 % of the shares). That is where the money ends up.
People and assets in 2025
4.1
▲ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.1 million
▼ 13% vs 2024
€ 260,700 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.
Debts at end 2025
€ 17.7 million
▼ 27% vs 2024
€ 200,000 is repaid this year. At this pace the long-term loan is gone in ≈ 88 years.
€ 122,117
▼ 19% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 60 days on average.
€ 514,421
▼ 24% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,148,510 | € 1,513,474 | - | - | |
| Profit after taxes | € -561,611 | € -721,141 | € -516,420 | € 9,622,840 | ▲ € 10.1 million |
| Equity | € 17,128,925 | € 16,407,784 | € 15,891,363 | € 22,514,203 | ▲ 42% |
| Total debts | € 23,964,496 | € 24,724,107 | € 25,089,455 | € 18,333,310 | ▼ 27% |
| Cash | € 9,496 | € 155,332 | € 15,197 | € 24,177 | ▲ 59% |
| Retained profit | € -5,021,075 | € -5,742,216 | € -6,258,637 | € 364,203 | ▲ € 6.6 million |
| Dividend | € 0 | € 0 | € 0 | € 3,000,000 | |
| Bank debt | € 23,489,431 | € 24,060,459 | € 24,262,297 | € 17,696,771 | ▼ 27% |
| Balance sheet total | € 41,093,420 | € 41,131,891 | € 40,980,818 | € 40,847,513 | |
| Employees (FTE) | 4.3 | 4 | 4 | 4.1 | ▲ 0.1 |
Key figures of C-MAC HOLDING, 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 C-MAC HOLDING?
What happened at C-MAC HOLDING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Olav PROF. DR. NOACK stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 9.6 million. filed late Source: NBB ↗
- Ulrich Hofbauer-Brune stepped down as director. NBB
- Kenneth HENDERSON stepped down as director. NBB
- Ulrich Hofbauer-Brune became a director. NBB
- Olav PROF. DR. NOACK became a director. NBB
- Kenneth HENDERSON became a director. NBB
- New establishment in Ronse. KBO
In short
From € 561,611 loss in 2022 to € 9.6 million profit in 2025.
Paid € 5,291 in corporate taxes since 2022.
Best year ever: 2025, with € 9.6 million profit.
On average € 378,400 of value added per employee in 2023.
Management
The shares are held by Sefunda CTT GmbH (100%). It owns 100% of C-MAC Electromag itself.
Directors
According to the 2025 annual accounts
Ulrich Hofbauer-Brune
Director
since 2024 · until 2025
Olav PROF. DR. NOACK
Director
since 2022 · until 2031
Kenneth HENDERSON
Director
since 2022 · until 2025
Shareholders
Sefunda CTT GmbH
100%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Industriëlestraat 4
9600 Ronse
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
Self-hosted
Hosting
COMBELL-AS, BE
DNS
Cloudflare DNS
Domain
Domain
cmac.com
Registered
1992-10-14
Registrar
NameWeb BVBA
Expires
2026-10-13
Website info
Features
Security
Network
Details
- Company number
- 0666.647.742
- VAT number
- BE 0666.647.742
- Registered office
- Industriëlestraat 4, 9600 Ronse
- Names & denominations
- C-MAC HOLDING
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 November 2016
- Peppol
- Active · Active since 24 Nov 2025
- Contact
- cmac.com
- Activities · NACE
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