ACTIVE

Macors

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Financial year 2025 · closed on 31/12/2025

Net result

975,2 k €

-28.7% YoY

Revenue

19,8 M €

-1.8% YoY

Equity

4,1 M €

+3.6% YoY

Workforce

77,9 ETP

-1.8% YoY

What does Macors do?

Macors is a Private limited company incorporated in 1981. Its registered office is in Hamois. It employs on average 77,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0421.872.992

Incorporation

30/09/1981

Legal form

Private limited company

Registered office

Chaussée de Liège 31
5360 Hamois · WallonieSee on map

Contributed capital

400 000,00 €

Latest accounts

31/12/2025

Average workforce

77,9 ETP

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	19,8 M €	-1.8%	20,2 M €	+22.0%	16,6 M €	-4.9%	17,4 M €	+54.0%	11,3 M €	-0.6%	11,4 M €	+10.6%	10,3 M €	-25.8%	13,9 M €	+11.1%	12,5 M €	+3.7%	12 M €	+16.3%	10,3 M €	-11.3%	11,7 M €	+30.2%	9 M €	-1.5%	9,1 M €	+15.5%	7,9 M €	-3.9%	8,2 M €	-15.0%	9,6 M €	-1.5%	9,8 M €	+28.7%	7,6 M €	+6.1%	7,2 M €
EBITDA	1,6 M €	-4.5%	1,7 M €	-2.3%	1,8 M €	-2.3%	1,8 M €	+201%	599,9 k €	-3.3%	620,4 k €	+40.5%	441,7 k €	-48.8%	862,2 k €	-17.3%	1 M €	+7.7%	968,8 k €	+28.3%	755 k €	-26.3%	1 M €	+121%	463,9 k €	-39.0%	760,3 k €	+13.0%	672,9 k €	+38.8%	484,9 k €	-37.2%	772,5 k €	-20.7%	974,2 k €	+68.3%	578,7 k €	+80.7%	320,3 k €
Operating result	1,3 M €	-28.0%	1,8 M €	+36.2%	1,3 M €	-1.8%	1,3 M €	+175%	483,3 k €	-20.8%	610,4 k €	+303%	151,6 k €	-72.2%	546,1 k €	-22.4%	704 k €	-13.1%	809,7 k €	+53.4%	527,7 k €	-22.5%	681 k €	+61.0%	423 k €	-20.3%	530,9 k €	+23.0%	431,5 k €	+99.8%	216 k €	-52.0%	449,7 k €	-25.5%	603,3 k €	+111%	286,3 k €	+77.3%	161,5 k €
Net result	975,2 k €	-28.7%	1,4 M €	+34.7%	1 M €	+3.1%	985,3 k €	+165%	371,9 k €	-23.1%	483,7 k €	+244%	140,7 k €	-66.0%	413,7 k €	-15.7%	490,8 k €	-12.6%	561,8 k €	+58.2%	355,1 k €	-2.7%	365 k €	+24.9%	292,3 k €	-21.8%	373,9 k €	+67.2%	223,6 k €	+159%	86,5 k €	-56.8%	200,2 k €	-45.7%	368,5 k €	+148%	148,7 k €	+125%	66,1 k €
Balance sheet
Equity	4,1 M €	+3.6%	4 M €	+1.2%	3,9 M €	-0.4%	3,9 M €	+11.6%	3,5 M €	+3.8%	3,4 M €	+9.0%	3,1 M €	+4.7%	3 M €	+5.8%	2,8 M €	+7.2%	2,6 M €	+11.0%	2,4 M €	+9.4%	2,2 M €	+8.2%	2 M €	+17.0%	1,7 M €	+27.9%	1,3 M €	+10.1%	1,2 M €	+3.0%	1,2 M €	+4.3%	1,1 M €	+27.9%	882,7 k €	+19.9%	736,1 k €
Total assets	10 M €	-1.5%	10,2 M €	+16.1%	8,8 M €	+0.4%	8,7 M €	+29.4%	6,7 M €	+6.4%	6,3 M €	+18.4%	5,3 M €	-0.0%	5,3 M €	-2.5%	5,5 M €	+1.1%	5,4 M €	+12.5%	4,8 M €	+2.7%	4,7 M €	-8.7%	5,1 M €	+6.3%	4,8 M €	+9.9%	4,4 M €	+6.2%	4,1 M €	-2.4%	4,2 M €	+0.4%	4,2 M €	-0.1%	4,2 M €	+9.8%	3,9 M €
Cash	826,9 k €	-43.8%	1,5 M €	-19.7%	1,8 M €	-45.1%	3,3 M €	+83.3%	1,8 M €	-29.3%	2,6 M €	+95.8%	1,3 M €	-36.0%	2,1 M €	+108%	985,2 k €	+94.2%	507,5 k €	-69.7%	1,7 M €	+62.5%	1 M €	-9.7%	1,1 M €	+6.9%	1,1 M €	+354%	234,9 k €	+96.7%	119,4 k €	-84.4%	767,6 k €	+25.9%	609,9 k €	+93.5%	315,2 k €	-22.9%	408,9 k €
Debts	5,8 M €	-4.7%	6,1 M €	+28.3%	4,8 M €	+5.0%	4,5 M €	+87.0%	2,4 M €	-13.1%	2,8 M €	+30.1%	2,1 M €	-5.9%	2,3 M €	-11.7%	2,6 M €	-4.8%	2,7 M €	+11.6%	2,4 M €	-2.9%	2,5 M €	-18.9%	3,1 M €	+4.3%	3 M €	+0.9%	2,9 M €	+15.0%	2,5 M €	-14.6%	3 M €	-0.9%	3 M €	-9.2%	3,3 M €	+8.7%	3,1 M €
Other
Workforce	77,9 ETP	-1.8%	79,3 ETP	+2.3%	77,5 ETP	+10.9%	69,9 ETP	+12.4%	62,2 ETP	+1.3%	61,4 ETP	-5.5%	65,0 ETP	-0.3%	65,2 ETP	+0.5%	64,9 ETP	+3.0%	63,0 ETP	+4.8%	60,1 ETP	+3.1%	58,3 ETP	-3.0%	60,1 ETP	+13.8%	52,8 ETP	+1.9%	51,8 ETP	-1.3%	52,5 ETP	-1.5%	53,3 ETP	0.0%	53,3 ETP	-0.2%	53,4 ETP	+8.3%	49,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 11 ended

Active mandates

GS MANAGEMENT

Mandate · 0894.245.770

Active

Ended mandates

KNAEPEN LAFONTAINE, Réviseurs d'Entreprises

Auditor · since 03 août 2013 · until 19 juin 2016 · 0413.343.922

Represented by Léon LAFONTAINE

Ended

KNAEPEN LAFONTAINE, Réviseurs d'Entreprises

Auditor · since 03 août 2013 · until 19 juin 2016 · 0413.343.922

Represented by Léon LAFONTAINE

Ended

KNAEPEN LAFONTAINE, Réviseurs d'Entreprises

Auditor · since 19 juin 2010 · until 15 juin 2013 · 0413.343.922

Represented by Léon LAFONTAINE

Ended

KNAEPEN LAFONTAINE, Réviseurs d'Entreprises

Auditor · since 19 juin 2010 · until 03 août 2013 · 0413.343.922

Represented by Léon LAFONTAINE

Ended

At this address

Other companies at this address

Company	CBE no.
A. et E. MELOT succ. E.M. MELOT et F. TUTTOBENE● Active	0472.908.256

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/06/2026	30/06/2025	05/07/2024	26/06/2023	29/06/2022	29/06/2021
General meeting	24/06/2026	21/06/2025	28/06/2024	17/06/2023	18/06/2022	19/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	24/06/2026	29/06/2026	French	PDF
Full model	31/12/2024	21/06/2025	30/06/2025	French	PDF
Full model	31/12/2023	28/06/2024	05/07/2024	French	PDF
Full model	31/12/2022	17/06/2023	26/06/2023	French	PDF
Full model	31/12/2021	18/06/2022	29/06/2022	French	PDF
Full model	31/12/2020	19/06/2021	29/06/2021	French	PDF
Full model	31/12/2019	20/06/2020	15/07/2020	French	PDF
Full model	31/12/2018	15/06/2019	19/07/2019	French	PDF
Full model	31/12/2017	16/06/2018	29/06/2018	French	PDF
Full model	31/12/2016	17/06/2017	01/07/2017	French	PDF
Full model	31/12/2015	18/06/2016	15/07/2016	French	PDF
Full model	31/12/2014	20/06/2015	14/08/2015	French	PDF
Full model	31/12/2013	21/06/2014	15/07/2014	French	PDF
Full model	31/12/2012	03/08/2013	30/08/2013	French	PDF
Full model	31/12/2011	10/07/2012	08/08/2012	French	PDF
Full model	31/12/2010	18/06/2011	01/07/2011	French	PDF
Full model	31/12/2009	19/06/2010	23/06/2010	French	PDF
Full model	31/12/2008	20/06/2009	10/07/2009	French	PDF
Full model	31/12/2007	21/06/2008	27/06/2008	French	PDF
Full model	31/12/2006	16/06/2007	20/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 11 ended

Active mandates

GS MANAGEMENT

Mandate · 0894.245.770

Active

Ended mandates

KNAEPEN LAFONTAINE, Réviseurs d'Entreprises

Auditor · since 03 août 2013 · until 19 juin 2016 · 0413.343.922

Represented by Léon LAFONTAINE

Ended

KNAEPEN LAFONTAINE, Réviseurs d'Entreprises

Auditor · since 03 août 2013 · until 19 juin 2016 · 0413.343.922

Represented by Léon LAFONTAINE

Ended

KNAEPEN LAFONTAINE, Réviseurs d'Entreprises

Auditor · since 19 juin 2010 · until 15 juin 2013 · 0413.343.922

Represented by Léon LAFONTAINE

Ended

KNAEPEN LAFONTAINE, Réviseurs d'Entreprises

Auditor · since 19 juin 2010 · until 03 août 2013 · 0413.343.922

Represented by Léon LAFONTAINE

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/08/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates12/07/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates22/12/2022
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates28/07/2020
DEMISSIONS, NOMINATIONS - MODIFICATION FORME JURIDIQUE
PDF
Mandates17/02/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates03/09/2014
DEMISSIONS, NOMINATIONS
PDF
Mandates02/05/2013
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates23/07/2010
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025975,2 k €↓
2024
Annual accounts 20241,4 M €↑
2023
Annual accounts 20231 M €↑
2022
Annual accounts 2022985,3 k €↑
2021
Annual accounts 2021371,9 k €↓
2020
Annual accounts 2020483,7 k €↑
2019
Annual accounts 2019140,7 k €↓
2018
Annual accounts 2018413,7 k €↓
2017
Annual accounts 2017490,8 k €↓
2016
Annual accounts 2016561,8 k €↑
2015
Annual accounts 2015355,1 k €↓
2014
Annual accounts 2014365 k €↑
2013
Annual accounts 2013292,3 k €↓
2012
Annual accounts 2012373,9 k €↑
2011
Annual accounts 2011223,6 k €↑
2010
Annual accounts 201086,5 k €↓
2009
Annual accounts 2009200,2 k €↓
2008
Annual accounts 2008368,5 k €↑
2007
Annual accounts 2007148,7 k €↑
2007
Name changeMacors
2006
Annual accounts 200666,1 k €
2006
Name changeEts Claude Macors
30/09/1981
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Macors

Overview

What does Macors do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline