IMMO MCDL
ActiveSummary
IMMO MCDL has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-39k) and a net result of €-4k. Equity is shrinking by ~43.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability31▲+4
Solvency11▼-2
Growth38▲+16
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.02; short-term debt: 61.7% and cash: 1% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-13.6%
Return on assets
-1.2%
Age of the figures
12 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-39k
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 19-05-2026, 19 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
19 d late
2024
41 d early
2023
21 d late
2022
10 d late
2021
33 d early
2020
5 d late
2019
71 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€51k▼ 2.0%
2020 · €52k
2019: €76khighest in 3 years
2020: €52k▼ -31.8% vs 2019
2021: €51k▼ -2.0% vs 2020lowest in 3 years
2019 → 2021
EBIT margin
11.4%▲ 0.4pp
2020 · 11.0%
2019: 3.3%lowest in 3 years
2020: 11.0%▲ +233% vs 2019
2021: 11.4%▲ +3.2% vs 2020highest in 3 years
2019 → 2021
Net result
€-4k▲ 49.0%
2024 · €-7k
2018: €-5k
2019: €-14k▼ -191% vs 2018lowest in 8 years
2020: €-10k▲ +24.9% vs 2019
2021: €-9k▲ +11.1% vs 2020
2022: €-10k▼ -5.7% vs 2021
2023: €-9k▲ +6.5% vs 2022
2024: €-7k▲ +23.8% vs 2023
2025: €-4k▲ +49.0% vs 2024highest in 8 years
2018 → 2025
Working capital
€-175k▼ 15.2%
2023 · €-152k
2018: €-73k
2019: €-35k▲ +51.3% vs 2018highest value
2020: €-43k▼ -20.9% vs 2019
2021: €-124k▼ -190% vs 2020
2022: €-138k▼ -11.0% vs 2021
2023: €-152k▼ -10.3% vs 2022
2025: €-175klowest value
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€51k-
Equity€-11k-€-20k▼ 91.5%€-29k▼ 44.7%€-36k▼ 22.2%€-39k▼ 9.8%
2021: €-11khighest in 5 years
2022: €-20k▼ -91.5% vs 2021
2023: €-29k▼ -44.7% vs 2022
2024: €-36k▼ -22.2% vs 2023
2025: €-39k▼ -9.8% vs 2024lowest in 5 years
Operating result€6k-€3k▼ 42.2%€3k▲ 3.3%€5k▲ 30.9%€7k▲ 55.0%
2021: €6k
2022: €3k▼ -42.2% vs 2021lowest in 5 years
2023: €3k▲ +3.3% vs 2022
2024: €5k▲ +30.9% vs 2023
2025: €7k▲ +55.0% vs 2024highest in 5 years
Net result€-9k-€-10k▼ 5.7%€-9k▲ 6.5%€-7k▲ 23.8%€-4k▲ 49.0%
2021: €-9k
2022: €-10k▼ -5.7% vs 2021lowest in 5 years
2023: €-9k▲ +6.5% vs 2022
2024: €-7k▲ +23.8% vs 2023
2025: €-4k▲ +49.0% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 55% above 2024 and is the highest result in the available series.
Balance-sheet composition
Assets €289k
Fixed assets
€286k
Current assets
€3k
Key figures and ratios
EBITDA
€17k▲
2024 · €15k
Cash flow
€7k▲
2024 · €3k
Solvency
-13.6%▼
2024 · -12.0%
Current ratio
0.02
Debt to equity
-8.37▲
2024 · -9.30
ROA
-1.2%▲
2024 · -2.3%
Interest coverage
1.63▲
2024 · 1.29
Debt
€328k▼
2024 · €331k
Debt ≤ 1 year
€178k▲
2024 · €165k
Debt > 1 year
€148k▼
2024 · €165k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 34 lines
Balance sheet
Code20242025
Assets
Total assets20/58€296k€289k▼
Fixed assets21/28€296k€286k▼
Tangible fixed assets22/27€296k€286k▼
Land and buildings22€296k€286k▼
Current assets29/58-€3k
Cash at bank and in hand54/58-€3k
Equity and liabilities
Total equity and liabilities10/49€296k€289k▼
Equity10/15€-36k€-39k▼
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Revaluation surpluses12€116k€116k=
Profit (loss) carried forward14€-171k€-174k▼
Amounts payable17/49€331k€328k▼
Amounts payable after more than one year17€165k€148k▼
Financial debts170/4€165k€148k▼
Amounts payable within one year42/48€165k€178k▲
Financial debts43€16k€16k▲
Credit institutions430/8€16k€16k▲
Advances received on contracts in progress46€1k€1k=
Other amounts payable47/48€147k€160k▲
Accrued charges and deferred income492/3€2k€2k=
Income statement
Code20242025
Goods, raw materials, services and sundry goods60/61-€10k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k=
Other operating charges640/8€2k€2k▲
Gross operating margin9900€17k€19k▲
Operating profit (loss)9901€5k€7k▲
Financial charges65/66B€11k€11k▼
Recurring financial charges65€11k€11k▼
Profit (loss) for the period before taxes9903€-7k€-4k▲
Profit (loss) for the period9904€-7k€-4k▲
Profit (loss) for the period to be appropriated9905€-7k€-4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-171k€-174k▼
Profit (loss) brought forward from the previous period14P€-164k€-171k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €51k | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €12k | - | - | €10k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €10k | €10k | €10k | €10k | = |
| Other operating charges640/8 | - | €2k | €2k | €2k | €2k | ▲ 2.6% |
| Gross operating margin9900 | €18k | €16k | €16k | €17k | €19k | ▲ 15.1% |
| Operating profit (loss)9901 | €6k | €3k | €3k | €5k | €7k | ▲ 55.0% |
| Financial charges65/66B | - | €13k | €12k | €11k | €11k | ▼ 7.6% |
| Recurring financial charges65 | €15k | €13k | €12k | €11k | €11k | ▼ 7.6% |
| Profit (loss) for the period before taxes9903 | €-9k | €-10k | €-9k | €-7k | €-4k | ▲ 49.0% |
| Profit (loss) for the period9904 | €-9k | €-10k | €-9k | €-7k | €-4k | ▲ 49.0% |
| Profit (loss) for the period to be appropriated9905 | €-9k | €-10k | €-9k | €-7k | €-4k | ▲ 49.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €348k | €319k | €308k | €296k | €289k | ▼ 2.4% |
| Fixed assets21/28 | €326k | €316k | €306k | €296k | €286k | ▼ 3.4% |
| Tangible fixed assets22/27 | €326k | €316k | €306k | €296k | €286k | ▼ 3.4% |
| Land and buildings22 | - | €316k | €306k | €296k | €286k | ▼ 3.4% |
| Current assets29/58 | €22k | €3k | €2k | - | €3k | - |
| Cash at bank and in hand54/58 | €22k | €3k | €2k | - | €3k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €348k | €319k | €308k | €296k | €289k | ▼ 2.4% |
| Equity10/15 | €-11k | €-20k | €-29k | €-36k | €-39k | ▼ 9.8% |
| Contributions10/11 | €18k | €18k | €18k | €19k | €19k | = |
| Capital10 | - | €18k | €18k | €19k | €19k | = |
| Issued capital100 | - | €19k | €19k | €19k | €19k | = |
| Uncalled capital101 | - | €400 | €400 | - | - | - |
| Revaluation surpluses12 | - | €116k | €116k | €116k | €116k | = |
| Profit (loss) carried forward14 | €-145k | €-155k | €-164k | €-171k | €-174k | ▼ 2.1% |
| Amounts payable17/49 | €358k | €340k | €337k | €331k | €328k | ▼ 1.1% |
| Amounts payable after more than one year17 | €211k | €197k | €181k | €165k | €148k | ▼ 10.4% |
| Financial debts170/4 | - | €197k | €181k | €165k | €148k | ▼ 10.4% |
| Amounts payable within one year42/48 | €146k | €141k | €154k | €165k | €178k | ▲ 8.3% |
| Financial debts43 | - | €14k | €15k | €16k | €16k | ▲ 2.7% |
| Credit institutions430/8 | - | €14k | €15k | €16k | €16k | ▲ 2.7% |
| Advances received on contracts in progress46 | - | €1k | €1k | €1k | €1k | = |
| Other amounts payable47/48 | - | €126k | €138k | €147k | €160k | ▲ 8.9% |
| Accrued charges and deferred income492/3 | - | €2k | €2k | €2k | €2k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-9k | €-10k | €-9k | €-7k | €-4k | ▲ 49.0% |
| + Depreciation and write-downs630 | €10k | €10k | €10k | €10k | €10k | = |
| Operating cash flow (approximation) | €1k | €502 | €1k | €3k | €7k | ▲ 103% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €-18k | €-2k | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
19-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 19 days late
2025
20-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
10-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
2022
28-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 5 days late
2020
19-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
07-02
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
12-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
01-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Chapelle-lez-Herlaimont · 1 establishment unit since 2007
Ground area
2,962 m²
Building footprint
955 m²
Volume, LiDAR
23,030 m³
2 parcels, Wallonia · tallest building 32.7 m, ±10 floors. Linked by address, not a title deed.
1 establishment unit
IMMO MCDL
since 20072.165.622.592
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52027A0068/00H013 | Wallonia | 1,532 m² | 1 · 208 m² | 7.2 m · 2 fl. |
| 52011C0195/00N000 | Wallonia | 1,430 m² | 1 · 748 m² | 32.6 m · 10 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded03-10-2007
Fiscal year end30-09
Scores and ratios are computed by Checked and are not a credit decision.