Losses
-€21.5m in five years
Every financial year from 2021 to 2025 closed with a loss. 2022 was the heaviest.
MCA Facilities
Lifetime
20 annual accounts with figures on one time axis, 37 filings since 1989peak €5.7m (2008)
-not published
lowest -€11.2m (2022)
-€4.2m▼ €327,729
peak €11.5m (2025)
€11.5m▲ 1.6%
€15.3m▼ 6.6%
peak 9.9 FTE (2024)
8.9 FTE▼ 10.1%
Board19 names since 2003all names
5 directorsBenoît TIMMERMANS and 4 others
Owners5 names in the annual accounts
100%Belgische Scheepvaartmaatschappij-Compagnie Maritime Belge and 1 other
Documentsfilings and deeds
26-05-202666 days before the deadline
2025abbreviated format
Gross margin from €6,796 to €827,164Loss of €4.2mStaff from 9.9 FTE to 8.9 FTECapital increase of €4,354,000 to €28,749,000 22-12Appointment: Manaigre Consulting BV (day-to-day manager) 18-123 directors reappointed 24-07
Key points
from the 2025 annual accountsSecurities
€33.9m
Mortgage mandates, new in 2025. 3.0 times equity · not in the 2024 accounts.
Liquidity
0.10 was 0.53 in 2024
Short-term debts rose from €3.5m to €14.9m.
Filings
37 annual accounts since 1989
The last five annual accounts were filed 40 to 66 days before the end of the period.
At the same address
55 companies
Position in the sector
-€4.2m
Lower net result than 95% of companies in real estate. Sector median €9,997 · 11,290 companies.
Checked score
69
Healthy
Financially stronger than 33% of micro companies in real estate (NACE 68)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.5%▼ -0.1 percentage points vs 01-2025lowest value
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.6%▲ +0.1 percentage points vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.7%▲ +0.1 percentage points vs 06-2025
08-2025: 0.7%● unchanged vs 07-2025
09-2025: 0.7%● unchanged vs 08-2025
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.7%● unchanged vs 12-2025
02-2026: 0.6%▼ -0.1 percentage points vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.7%▲ +0.1 percentage points vs 03-2026
05-2026: 0.7%● unchanged vs 04-2026highest value
06-2026: 0.6%▼ -0.1 percentage points vs 05-2026
07-2026: 0.6%● unchanged vs 06-2026
08-2026: 0.6%● unchanged vs 07-2026
09-2026: 0.6%● unchanged vs 08-2026
10-2026: 0.6%● unchanged vs 09-2026
11-2026: 0.6%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Loss of €4.2m, the second in a row (financial year 2025)
Liquidity: current ratio 0.10, cash €123,567
lowers risk
Founded in 1988
Sector: Real estate activities (NACE 68)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 58% of them on solvency, 18% on liquidity, 4% on profitability and 51% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 5,831 companies had the same profile as MCA Facilities has now. Each dot stands for 15 companies, two years later.
84.5%
were still trading
13.4%
stopped another way
1.7%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MCA Facilities itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,831 companies, not a prediction for MCA Facilities. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €750,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.1 (0.53 in 2024), below 1. Short-term debt is 54.2% and cash 0.4% of total assets. 58.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-05-2026, 66 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
66 days early
2024
50 days early
2023
40 days early
2022
40 days early
2021
53 days early
2020
18 days early
2019
42 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 44 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 11 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
MC
Manaigre Consulting BV
Daily manager, David Manaigre
- Belgische Scheepvaartmaatschappij-Compagnie Maritime Belge 100%equity USD 1.56bn (2025) · annual accounts 2025
Shares in 2 companies, MCA Horeca and Savybel
Board & ownershipRecent changes
Resignation: Benoît Timmermans (director)
Board meeting of 30-04-2026 · Gazette deed
Capital increase of €4,354,000 to €28,749,000
Capital from €24,395,000 to €28,749,000 · A shareholder holds all the shares · General meeting of 18-12-2025 · Gazette deed
Appointment: Manaigre Consulting BV (day-to-day manager)
Permanent representative: David Manaigre · Board meeting of 25-09-2025 · Gazette deed
3 directors reappointed
Alexander Saverys, Ludovic Saverys and Benoit Timmermans · General meeting of 16-05-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MCA Facilities Antwerp | €27.5m | €0.8m | 41.7% | 8.9 |
| URBAIN BULTINCK Ghent | €52.5m | €0.5m | 27.1% | 9.1 |
| COMPAGNIE BELGE DE PARTICIPATIONS INDUSTRIELLES ET IMMOBILIERES Châtelet | €45.0m | €0.9m | 66.5% | 8.1 |
| IMMOBILIERE LIEGEOISE Liège | €37.3m | €2.4m | 4.1% | 8.7 |
| Euro - Constructions Jette | €20.2m | €1.5m | 91.9% | 5.1 |
| SOMERS-CARDOEN Antwerp | €32.5m | €0.5m | 92.3% | - |
| KASTEEL GESTELHOF Berlaar | €15.8m | €0.3m | 91.5% | 6.2 |
These companies have the same main activity as MCA Facilities: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €16m and €52m, founded between 1984 and 2004.
Official details
Source: KBO- Status
- Active since 16-09-1988Normal situation
- Registered office
- 56 active companies are registered at this addressSource: KBO register, as of 8 November 2026.
- Activity
- Renting and operating of own or leased residential real estate, excluding social housingNACE 68201and 1 other
- Joint committee
- 323Building management, estate agents and domestic staff · annual accounts 2025
- Establishment unit
- 2.041.043.9102000 Antwerp, since 02-11-1988
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- ≈ €930,000estimated
- €27.5m▼ 3.2%
- Employeeson 31-12-2025
- 9
- Filing
- Filed on 26-05-2026, 66 days before the end of the filing period
Companies linked to MCA Facilities
Parent and group
Insights on MCA Facilities
MCA Facilities has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11.5m and a net result of -€4.2m.
Equity has been growing by about 8.3% per year since 2018. Its solvency ranks better than 59% of 11,299 sector peers (NACE 68, financial year 2025).
The computed 12-month bankruptcy probability is 0.6% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MCA Facilities
- What is the company number of MCA Facilities?
- The company number of MCA Facilities is 0435.390.141. The VAT number is the same number with BE in front: BE 0435.390.141.
- Where is MCA Facilities based?
- The registered office is at De Gerlachekaai 20, 2000 Antwerp.Company details
- What does MCA Facilities do?
- According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
- What is the legal form of MCA Facilities?
- MCA Facilities is a public limited company (NV).
- When was MCA Facilities founded?
- MCA Facilities was founded on 16-09-1988.
- Is MCA Facilities still active?
- Yes, MCA Facilities is an active enterprise in the KBO register.
- How many employees does MCA Facilities have?
- MCA Facilities had an average of 8.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does MCA Facilities fall under?
- In its 2025 annual accounts, MCA Facilities states joint committee 323 (Building management, estate agents and domestic staff).
- What is the turnover of MCA Facilities?
- The turnover in financial year 2025 is ≈ €930,000. This figure is estimated from the gross margin of €827,164 and 38 comparable companies (NACE 68201). It probably lies between €830,000 and €1.0m. In financial year 2024 turnover was €5.0m.
- Is MCA Facilities profitable?
- In financial year 2025, MCA Facilities made a loss of €4.2m.
- Where can I find the annual accounts of MCA Facilities?
- MCA Facilities filed 37 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MCA Facilities due?
- MCA Facilities must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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