ACTIVE

MACNASH ASSOCIATES

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

-5,2 k €

-146.0% YoY

Gross margin

2,2 k €

-91.4% YoY

Equity

49,1 k €

-9.5% YoY

What does MACNASH ASSOCIATES do?

MACNASH ASSOCIATES is a Private limited company incorporated in 2001. Its main activity is: Real estate agencies. Its registered office is in Ganshoren.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0476.115.392

Incorporation

19/11/2001

Legal form

Private limited company

Registered office

Avenue Charles-Quint 124
1083 Ganshoren · BruxellesSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

68310Real estate agencies· main 68311Real estate agencies 70311Activities of head offices; management consultancy activities 68312Real estate agencies 68322Management of real estate on a fee or contract basis 70312Activities of head offices; management consultancy activities

Joint committees (1)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ 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
Gross margin	2,2 k €	-91.4%	25,7 k €	-9.1%	28,3 k €	+8.1%	26,2 k €	-27.7%	36,2 k €	+42.1%	25,5 k €	-34.0%	38,6 k €	-7.7%	41,8 k €	+16.4%	35,9 k €	+65.3%	21,7 k €	-59.0%	53 k €	-15.0%	62,3 k €	-40.3%	104,4 k €	-25.9%	140,9 k €	+2311%	-6,4 k €	-104%	172,9 k €	-14.6%	202,6 k €	-61.5%	526,5 k €	+87.3%	281,1 k €	-33.4%	421,8 k €
EBITDA	1,8 k €	-92.8%	25,3 k €	-10.5%	28,3 k €	+8.1%	26,2 k €	-27.7%	36,2 k €	+42.5%	25,4 k €	-27.3%	35 k €	-13.9%	40,6 k €	+15.2%	35,3 k €	+70.8%	20,7 k €	-59.5%	51 k €	+17.0%	43,6 k €	+274%	11,6 k €	-83.5%	70,6 k €	+625%	-13,4 k €	-108%	170,1 k €	-7.7%	184,3 k €	+326%	43,3 k €	+124%	-182,2 k €	-176%	241,2 k €
Operating result	-4,4 k €	-123%	18,9 k €	-10.1%	21 k €	+5.9%	19,8 k €	-40.6%	33,4 k €	+36.4%	24,4 k €	-23.3%	31,9 k €	-11.9%	36,2 k €	+43.8%	25,2 k €	+172%	9,3 k €	-76.7%	39,7 k €	+24.0%	32 k €	+277%	-18,1 k €	-153%	34,3 k €	+159%	-57,7 k €	-176%	76 k €	-42.9%	133 k €	+618%	-25,7 k €	+89.4%	-242 k €	-238%	175,9 k €
Net result	-5,2 k €	-146%	11,2 k €	-19.0%	13,9 k €	-5.9%	14,8 k €	-46.8%	27,7 k €	+15.1%	24,1 k €	-20.4%	30,3 k €	-11.5%	34,2 k €	+63.0%	21 k €	+936%	2 k €	-93.6%	31,7 k €	-68.5%	100,6 k €	+201%	-99,8 k €	-1385%	7,8 k €	+111%	-71,8 k €	-208%	66,6 k €	-35.8%	103,8 k €	+287%	-55,5 k €	+78.9%	-263 k €	-275%	150,5 k €
Balance sheet
Equity	49,1 k €	-9.5%	54,3 k €	+26.1%	43 k €	+47.6%	29,1 k €	+102%	14,4 k €	+208%	-13,3 k €	+64.4%	-37,4 k €	+44.7%	-67,7 k €	+33.6%	-101,9 k €	+17.1%	-122,9 k €	+1.6%	-124,9 k €	+20.2%	-156,6 k €	+39.1%	-257,2 k €	-63.4%	-157,4 k €	+4.7%	-165,1 k €	-76.8%	-93,4 k €	+41.6%	-160 k €	+39.4%	-263,8 k €	-26.7%	-208,3 k €	-529%	48,5 k €
Total assets	108,6 k €	+5.2%	103,2 k €	+19.5%	86,3 k €	+10.0%	78,5 k €	+88.3%	41,7 k €	+32.9%	31,4 k €	+21.0%	25,9 k €	-27.7%	35,8 k €	+8.1%	33,1 k €	-0.5%	33,3 k €	-77.6%	148,5 k €	-37.1%	236 k €	+7.7%	219 k €	-16.9%	263,5 k €	-14.6%	308,6 k €	-25.4%	413,6 k €	-23.7%	542,3 k €	-13.4%	626 k €	-11.0%	703,1 k €	-4.3%	735 k €
Cash	6,1 k €	-56.5%	14 k €	+1127%	1,1 k €	-57.5%	2,7 k €	+33488%	8 €	-100.0%	18,6 k €	+297%	4,7 k €	-69.8%	15,5 k €	+41.8%	11 k €	+2206%	475,3 €	-93.9%	7,8 k €	-59.7%	19,3 k €	+11047%	173 €	-98.4%	10,8 k €	-26.9%	14,7 k €	+255%	4,1 k €	-74.9%	16,5 k €	-53.0%	35,1 k €	+56.5%	22,4 k €	-85.8%	157,4 k €
Debts	59,5 k €	+21.6%	48,9 k €	+13.0%	43,3 k €	-12.2%	49,3 k €	+80.8%	27,3 k €	-39.0%	44,7 k €	-29.5%	63,3 k €	-38.8%	103,5 k €	-23.3%	135,1 k €	-13.6%	156,2 k €	-42.9%	273,5 k €	-30.3%	392,6 k €	-17.6%	476,2 k €	+13.2%	420,9 k €	-11.2%	473,8 k €	-6.6%	507 k €	-27.8%	702,3 k €	-21.1%	889,9 k €	-2.4%	911,4 k €	+32.8%	686,4 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		0,1 ETP		–		6,9 ETP	+15.0%	6,0 ETP	+445%	1,1 ETP		–		0,3 ETP	-98.8%	24,3 ETP	+25.3%	19,4 ETP	+134%	8,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 6 ended

Active mandates

Lander van der Velden

Director · since 28 février 2024

Active

Patrick Menache

Director · since 28 février 2024

Active

Ended mandates

LAURENCE VITEUX

Manager · since 01 septembre 2007 · until 31 décembre 2015

Ended

LAURENCE VITEUX

Manager · since 01 septembre 2007

Ended

Patrick MENACHE

Manager · since 13 novembre 2001

Ended

Lander VAN DER VELDEN

Director

Ended

At this address

Other companies at this address

Company	CBE no.
AC Inox Company● Active	1025.059.970
ALL TRADING DISTRIBUTION● Bankrupt	0448.513.053
ARASSE● Bankrupt	0550.923.673
ASYA CLEANING SERVICES● Bankrupt	0878.925.413
AUTO AZ● Active	0821.286.132
BELGIQUE EXPRESS DELIVERY● Bankrupt	0656.971.694
BELIZZ BELGIUM● Active	0797.912.595
BURAK COMPANY● Active	0501.829.005
BUSINESS EN FESTIVITIES ORGANISATION● Active	0432.479.943
CARTRUST● Active	0427.914.312
CLEANING BELGIUM COMPANY● Active	0646.722.259
GADTRANS● Bankrupt	0707.721.403
KBLG GROUP● Active	1031.907.081
LEADING CONSTRUCTION STAINLESS● Bankrupt	0698.899.846
LES TROIS FILS● Active	0700.462.635
Micalinox● Active	1024.276.151
Moldova● Active	0751.487.605
MRC VASTGOED● Liquidation	0735.589.503
MS VIP● Active	0655.704.261
NETAPOINT● Bankrupt	0466.771.423

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Abridged model	Abridged model	Abridged 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	31/08/2026	07/08/2025	30/08/2024	12/10/2023	31/08/2022	31/08/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	29/09/2023	24/06/2022	25/06/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	26/06/2026	31/08/2026	Dutch	PDF
Micro model	31/12/2024	27/06/2025	07/08/2025	Dutch	PDF
Micro model	31/12/2023	28/06/2024	30/08/2024	Dutch	PDF
Abridged model	31/12/2022	29/09/2023	12/10/2023	French	PDF
Abridged model	31/12/2021	24/06/2022	31/08/2022	French	PDF
Abridged model	31/12/2020	25/06/2021	31/08/2021	French	PDF
Abridged model	31/12/2019	26/06/2020	07/09/2020	French	PDF
Abridged model	31/12/2018	28/06/2019	30/08/2019	French	PDF
Micro model	31/12/2017	30/08/2018	31/08/2018	French	PDF
Micro model	31/12/2016	21/08/2017	22/08/2017	French	PDF
Abridged model	31/12/2015	22/08/2016	25/08/2016	French	PDF
Abridged model	31/12/2014	14/08/2015	19/08/2015	French	PDF
Abridged model	31/12/2013	17/09/2014	07/10/2014	French	PDF
Abridged model	31/12/2012	28/06/2013	11/07/2013	French	PDF
Abridged model	31/12/2011	01/08/2012	31/08/2012	French	PDF
Abridged model	31/12/2010	01/08/2011	30/08/2011	French	PDF
Abridged model	31/12/2009	06/08/2010	31/08/2010	French	PDF
Abridged model	31/12/2008	25/09/2009	30/09/2009	French	PDF
Abridged model	31/12/2007	26/09/2008	30/09/2008	French	PDF
Abridged model	31/12/2006	31/08/2007	17/09/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 2 active · 6 ended

Active mandates

Lander van der Velden

Director · since 28 février 2024

Active

Patrick Menache

Director · since 28 février 2024

Active

Ended mandates

LAURENCE VITEUX

Manager · since 01 septembre 2007 · until 31 décembre 2015

Ended

LAURENCE VITEUX

Manager · since 01 septembre 2007

Ended

Patrick MENACHE

Manager · since 13 novembre 2001

Ended

Lander VAN DER VELDEN

Director

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office28/04/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates05/03/2024
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates17/12/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates08/04/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates05/11/2007
DEMISSIONS, NOMINATIONS
PDF
Mandates16/06/2005
DEMISSIONS, NOMINATIONS
PDF
Mandates08/03/2005
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 2025-5,2 k €↓
2024
Annual accounts 202411,2 k €↓
2023
Annual accounts 202313,9 k €↓
2022
Annual accounts 202214,8 k €↓
2021
Annual accounts 202127,7 k €↑
2020
Annual accounts 202024,1 k €↓
2019
Annual accounts 201930,3 k €↓
2018
Annual accounts 201834,2 k €↑
2017
Annual accounts 201721 k €↑
2016
Annual accounts 20162 k €↓
2015
Annual accounts 201531,7 k €↓
2014
Annual accounts 2014100,6 k €↑
2013
Annual accounts 2013-99,8 k €↓
2012
Annual accounts 20127,8 k €↑
2011
Annual accounts 2011-71,8 k €↓
2010
Annual accounts 201066,6 k €↓
2009
Annual accounts 2009103,8 k €↑
2008
Annual accounts 2008-55,5 k €↑
2007
Annual accounts 2007-263 k €↓
2006
Annual accounts 2006150,5 k €
19/11/2001
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

MACNASH ASSOCIATES

Overview

What does MACNASH ASSOCIATES 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