ACTIVE

MACOGAS

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Financial year 2025 · closed on 30/06/2025

Net result

907,8 k €

+25.2% YoY

Gross margin

2 M €

+14.3% YoY

Equity

3,9 M €

+1.1% YoY

Workforce

0,0 ETP

-100.0% YoY

What does MACOGAS do?

MACOGAS is a Private limited company incorporated in 1985. Its registered office is in Kruisem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0427.459.105

Incorporation

11/07/1985

Legal form

Private limited company

Registered office

Stokstraat(KRU) 30
9770 Kruisem · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

30/06/2025

Average workforce

0,0 ETP

Joint committees (3)

12700
12702
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	2 M €	+14.3%	1,7 M €	+7.2%	1,6 M €	-1.9%	1,6 M €	+22.2%	1,3 M €	+34.9%	995,4 k €	+4.1%	956 k €	-4.5%	1 M €	-16.9%	1,2 M €	+0.5%	1,2 M €	-12.0%	1,4 M €	-8.6%	1,5 M €	+41.1%	1,1 M €	+8.1%	977,4 k €	+11.3%	878,4 k €	-4.5%	919,6 k €	+19.8%	767,3 k €
EBITDA	1,5 M €	+17.6%	1,3 M €	+14.9%	1,1 M €	-5.2%	1,2 M €	+27.8%	938,8 k €	+49.0%	630,2 k €	-4.8%	661,8 k €	+4.9%	631 k €	-21.1%	799,9 k €	+10.0%	727,5 k €	-17.8%	885,4 k €	-16.6%	1,1 M €	+66.2%	638,8 k €	+24.6%	512,7 k €	+24.7%	411,2 k €	-17.7%	499,4 k €	+21.7%	410,2 k €
Operating result	1,3 M €	+23.8%	1,1 M €	+19.2%	893,8 k €	-7.6%	967 k €	+34.0%	721,4 k €	+61.3%	447,3 k €	+0.6%	444,5 k €	+3.2%	430,6 k €	-26.6%	586,7 k €	+16.0%	505,8 k €	-19.1%	625,5 k €	-22.9%	810,8 k €	+162%	309 k €	+51.2%	204,4 k €	+153%	80,7 k €	-49.1%	158,6 k €	+18.9%	133,4 k €
Net result	907,8 k €	+25.2%	725 k €	+15.4%	628 k €	-5.2%	662,3 k €	+40.5%	471,3 k €	+83.3%	257,1 k €	-4.1%	268 k €	+20.0%	223,3 k €	-39.5%	368,8 k €	+5.0%	351,2 k €	-16.8%	421,9 k €	-22.2%	542,3 k €	+160%	208,8 k €	+68.0%	124,2 k €	+227%	38 k €	-60.5%	96,2 k €	+17.1%	82,2 k €
Balance sheet
Equity	3,9 M €	+1.1%	3,9 M €	+13.8%	3,4 M €	+22.7%	2,8 M €	+33.7%	2,1 M €	+29.4%	1,6 M €	-47.5%	3 M €	+9.6%	2,8 M €	+8.7%	2,6 M €	+16.8%	2,2 M €	-7.3%	2,4 M €	+21.7%	1,9 M €	+27.2%	1,5 M €	+0.3%	1,5 M €	+8.8%	1,4 M €	+2.7%	1,4 M €	+7.4%	1,3 M €
Total assets	5,6 M €	+8.8%	5,2 M €	+11.6%	4,6 M €	+5.7%	4,4 M €	+28.5%	3,4 M €	-24.7%	4,5 M €	+6.1%	4,3 M €	+6.6%	4 M €	+4.4%	3,8 M €	+10.6%	3,5 M €	-4.0%	3,6 M €	+18.0%	3,1 M €	+14.0%	2,7 M €	-0.4%	2,7 M €	+2.6%	2,6 M €	-19.2%	3,3 M €	+16.7%	2,8 M €
Cash	4 M €	+12.7%	3,5 M €	+18.3%	3 M €	+20.3%	2,5 M €	+31.1%	1,9 M €	-37.2%	3 M €	+11.9%	2,7 M €	+5.2%	2,6 M €	+3.7%	2,5 M €	+29.4%	1,9 M €	+10.3%	1,7 M €	+31.1%	1,3 M €	+80.6%	734,7 k €	-17.6%	891,1 k €	+11.5%	798,9 k €	+21.4%	658,3 k €	+19.1%	552,8 k €
Debts	1,7 M €	+59.2%	1,1 M €	+8.5%	994,9 k €	-26.3%	1,3 M €	+28.5%	1,1 M €	-60.8%	2,7 M €	+163%	1 M €	-2.4%	1 M €	-5.2%	1,1 M €	-1.2%	1,1 M €	-0.7%	1,1 M €	+10.9%	1 M €	-11.5%	1,1 M €	-0.7%	1,1 M €	-5.9%	1,2 M €	-15.2%	1,4 M €	+26.4%	1,1 M €
Other
Workforce	0,0 ETP	-100%	7,0 ETP	-14.6%	8,2 ETP	-4.7%	8,6 ETP	+19.4%	7,2 ETP	-2.7%	7,4 ETP	+8.8%	6,8 ETP	-10.5%	7,6 ETP	-5.0%	8,0 ETP	0.0%	8,0 ETP	0.0%	8,0 ETP	+9.6%	7,3 ETP	-7.6%	7,9 ETP	-1.2%	8,0 ETP	+11.1%	7,2 ETP	+2.9%	7,0 ETP	+1.4%	6,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 3 ended

Active mandates

GRETA DESMET

Director

Active

Ended mandates

GHISLAINE DESMET GRETA

Director

Ended

Greta Desmet

Manager

Ended

LUCIEN MATHIJS

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/01/2026	05/02/2025	21/12/2023	19/01/2023	26/01/2022	27/01/2021
General meeting	31/12/2025	09/12/2024	11/12/2023	12/12/2022	31/12/2021	31/12/2020
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
Abridged model	30/06/2025	31/12/2025	30/01/2026	Dutch	PDF
Abridged model	30/06/2024	09/12/2024	05/02/2025	Dutch	PDF
Abridged model	30/06/2023	11/12/2023	21/12/2023	Dutch	PDF
Abridged model	30/06/2022	12/12/2022	19/01/2023	Dutch	PDF
Abridged model	30/06/2021	31/12/2021	26/01/2022	Dutch	PDF
Abridged model	30/06/2020	31/12/2020	27/01/2021	Dutch	PDF
Abridged model	30/06/2019	31/12/2019	27/01/2020	Dutch	PDF
Abridged model	30/06/2018	10/12/2018	29/01/2019	Dutch	PDF
Abridged model	30/06/2017	11/12/2017	31/01/2018	Dutch	PDF
Abridged model	30/06/2016	12/12/2016	04/01/2017	Dutch	PDF
Abridged model	30/06/2015	14/12/2015	11/01/2016	Dutch	PDF
Abridged model	30/06/2014	08/12/2014	13/01/2015	Dutch	PDF
Abridged model	30/06/2013	09/12/2013	11/02/2014	Dutch	PDF
Abridged model	30/06/2012	10/12/2012	31/01/2013	Dutch	PDF
Abridged model	30/06/2011	12/12/2011	23/12/2011	Dutch	PDF
Abridged model	30/06/2010	08/02/2011	17/02/2011	Dutch	PDF
Abridged model	30/06/2009	11/02/2010	25/02/2010	Dutch	PDF
Abridged model	30/06/2008	08/12/2008	24/02/2009	Dutch	PDF
Abridged model	30/06/2007	10/12/2007	27/02/2008	Dutch	PDF
Abridged model	30/06/2006	11/12/2006	26/01/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 30/06/2025 · 1 active · 3 ended

Active mandates

GRETA DESMET

Director

Active

Ended mandates

GHISLAINE DESMET GRETA

Director

Ended

Greta Desmet

Manager

Ended

LUCIEN MATHIJS

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/10/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares03/07/2018
KAPITAAL - AANDELEN
PDF
Capital / shares30/07/2014
KAPITAAL - AANDELEN
PDF
Mandates04/10/2011
ONTSLAGEN - BENOEMINGEN
PDF
Registered office27/06/2007
MAATSCHAPPELIJKE ZETEL - BENAMING - KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025907,8 k €↑
2024
Annual accounts 2024725 k €↑
2023
Annual accounts 2023628 k €↓
2023
Name changeMACOGAS BV
2022
Annual accounts 2022662,3 k €↑
2022
Name changeMACOGAS-MATHIJS LUCIEN BV
2019
Annual accounts 2019471,3 k €↑
2018
Annual accounts 2018257,1 k €↓
2017
Annual accounts 2017268 k €↑
2016
Annual accounts 2016223,3 k €↓
2015
Annual accounts 2015368,8 k €↑
2014
Annual accounts 2014351,2 k €↓
2013
Annual accounts 2013421,9 k €↓
2012
Annual accounts 2012542,3 k €↑
2011
Annual accounts 2011208,8 k €↑
2010
Annual accounts 2010124,2 k €↑
2009
Annual accounts 200938 k €↓
2008
Annual accounts 200896,2 k €↑
2007
Annual accounts 200782,2 k €
11/07/1985
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

MACOGAS

Overview

What does MACOGAS do?

Trend over 17 financial years

Indicative valuation

Board of directors

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