M.C.E.
ActiveSummary
M.C.E. has been active since 1996 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €453,058 and a net result of €114,719. Equity remains stable across the filed financial years (±0.6% per year). Its solvency ranks better than 81% of 1,135 sector peers (NACE 77, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €453,058
- Profit
- €114,719
- Parent
- D&S TRUCKS · 99.98%
- D&S TRUCKSManaging director · permanent representative De Rese Erwin
- Julie SCHILTZDirector
Why 97lowers riskLiquidity: current ratio 1.86, cash €212,021Size: total assets €613,905Founded in 1996Equity €453,058 (73.8% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 77, micro): better than 82% on solvency, 89% on liquidity, 87% on profitability and 40% on growth.
The bankruptcy probability was computed on 27-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 30 days before the deadline; the sector median (NACE 77) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Resignation: Gilbert DE RESE (director)Permanent representatives: Jurgen COENE and…
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has fallen two years in a row; 2025 is 13% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 77, Rental and leasing activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 20,136 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95.0% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,136 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €166,897 | €183,354 | €135,640 | €125,722 | €62,675 | €62,958 | €56,789 | €51,117 | ▼ 10.0% |
| Other operating charges640/8 | - | - | - | €64,458 | €134,290 | €32,230 | €37,817 | €33,886 | ▼ 10.4% |
| Gross operating margin9900 | €369,813 | €415,262 | €454,839 | €412,558 | €398,853 | €311,886 | €258,454 | €227,618 | ▼ 11.9% |
| Operating profit (loss)9901 | €168,962 | €195,162 | €180,345 | €222,378 | €201,889 | €216,698 | €163,848 | €142,615 | ▼ 13.0% |
| Financial income75/76B | - | - | - | €6,667 | €10,403 | €4,384 | €1,288 | €2,401 | ▲ 86.3% |
| Recurring financial income75 | €8,798 | €15,413 | €18,271 | €6,667 | €10,403 | €4,384 | €1,288 | €2,401 | ▲ 86.3% |
| Financial charges65/66B | - | - | - | €4,988 | €534 | €9,845 | €7,771 | €3,943 | ▼ 49.3% |
| Recurring financial charges65 | €20,117 | €22,592 | €12,048 | €4,988 | €534 | €9,845 | €7,771 | €3,943 | ▼ 49.3% |
| Profit (loss) for the period before taxes9903 | €157,644 | €187,983 | €186,568 | €224,057 | €211,758 | €211,237 | €157,365 | €141,072 | ▼ 10.4% |
| Income taxes67/77 | €35,711 | €42,374 | €34,915 | €47,171 | €43,773 | €43,400 | €30,217 | €26,353 | ▼ 12.8% |
| Profit (loss) for the period9904 | €121,933 | €145,609 | €151,653 | €176,886 | €167,985 | €167,837 | €127,149 | €114,719 | ▼ 9.8% |
| Profit (loss) for the period to be appropriated9905 | €121,933 | €145,609 | €151,653 | €176,886 | €167,985 | €167,837 | €127,149 | €114,719 | ▼ 9.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.1m | €1.1m | €0.7m | €0.7m | €0.8m | €0.8m | €0.7m | €0.6m | ▼ 14.6% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €0.8m | €0.8m | €0.6m | €0.5m | €0.5m | €0.4m | €0.4m | €0.4m | ▼ 12.4% |
| Intangible fixed assets21 | €0 | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €0.8m | €0.8m | €0.6m | €0.5m | €0.5m | €0.4m | €0.4m | €0.4m | ▼ 12.5% |
| Land and buildings22 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 0.3% |
| Furniture and vehicles24 | - | - | - | €0.2m | €0.07m | €0.03m | €0.04m | €0.06m | ▲ 57.7% |
| Leasing and similar rights25 | - | - | - | €0.08m | €0.2m | €0.1m | €0.1m | €0.04m | ▼ 67.0% |
| Financial fixed assets28 | €0.001m | €0.001m | €0.001m | €0.001m | €405 | €405 | €0.001m | €0.001m | ▲ 11.3% |
| Current assets29/58 | €0.3m | €0.3m | €0.2m | €0.2m | €0.3m | €0.4m | €0.3m | €0.3m | ▼ 17.4% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.2m | €0.1m | €0.08m | €0.09m | €0.04m | €0.04m | €0.05m | €0.04m | ▼ 19.2% |
| Trade receivables40 | - | - | - | €0.09m | €0.04m | €0.04m | €0.04m | €0.02m | ▼ 54.3% |
| Other amounts receivable41 | - | - | - | €0 | €0.001m | €0.001m | €0.01m | €0.02m | ▲ 126% |
| Current investments50/53 | €0 | - | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.1m | €0.1m | €0.1m | €0.1m | €0.3m | €0.3m | €0.3m | €0.2m | ▼ 16.3% |
| Deferred charges and accrued income490/1 | - | - | - | €0.005m | €0.008m | €0.007m | €0.009m | €0.006m | ▼ 38.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.1m | €1.1m | €0.7m | €0.7m | €0.8m | €0.8m | €0.7m | €0.6m | ▼ 14.6% |
| Equity10/15 | €0.3m | €0.4m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | ▼ 0.4% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Capital10 | - | - | - | €0.1m | €0.1m | - | - | - | - |
| Issued capital100 | - | - | - | €0.1m | €0.1m | - | - | - | - |
| Uncalled capital101 | - | - | - | €0.02m | €0.02m | - | - | - | - |
| Reserves13 | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 0.2% |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.01m | €0 | - | - | - |
| Legal reserve130 | - | - | - | €0.01m | €0.01m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | - | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 0.2% |
| Profit (loss) carried forward14 | €0 | - | - | €0 | €0 | €0 | €0 | €0 | - |
| Investment grants15 | - | - | - | €0.008m | €0.002m | €0.005m | €0.004m | €0.001m | ▼ 66.7% |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - | - | - | - |
| Amounts payable17/49 | €0.8m | €0.8m | €0.3m | €0.3m | €0.4m | €0.3m | €0.3m | €0.2m | ▼ 39.1% |
| Amounts payable after more than one year17 | €0.3m | €0.2m | €0.02m | €0 | €0.1m | €0.1m | €0.08m | €0.02m | ▼ 75.5% |
| Financial debts170/4 | - | - | - | €0 | €0.1m | €0.1m | €0.08m | €0.02m | ▼ 75.5% |
| Amounts payable within one year42/48 | €0.4m | €0.6m | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 25.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.02m | €0.03m | €0.03m | €0.04m | €0.02m | ▼ 47.3% |
| Trade debts44 | €0.03m | €0.02m | €0.01m | €0.02m | €0.008m | €0.01m | €0.01m | €0.003m | ▼ 77.1% |
| Suppliers440/4 | - | - | - | €0.02m | €0.008m | €0.01m | €0.01m | €0.003m | ▼ 77.1% |
| Taxes, remuneration and social security45 | - | - | - | €0.007m | €0.02m | €0.008m | €0.01m | €0.004m | ▼ 66.9% |
| Taxes450/3 | - | - | - | €0.007m | €0.02m | €0.008m | €0.01m | €0.004m | ▼ 66.9% |
| Other amounts payable47/48 | - | - | - | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | ▼ 10.2% |
| Accrued charges and deferred income492/3 | - | - | - | €0.003m | €12 | €8 | €0 | €0.002m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €121,933 | €145,609 | €151,653 | €176,886 | €167,985 | €167,837 | €127,149 | €114,719 | ▼ 9.8% |
| + Depreciation and write-downs630 | €166,897 | €183,354 | €135,640 | €125,722 | €62,675 | €62,958 | €56,789 | €51,117 | ▼ 10.0% |
| Operating cash flow (approximation) | €288,830 | €328,962 | €287,293 | €302,608 | €230,660 | €230,795 | €183,938 | €165,836 | ▼ 9.8% |
| Investment in fixed assets (approximation) | - | -€204,600 | €150,721 | -€83,585 | -€56,850 | €10,874 | -€30,301 | -€1,057 | ▲ 96.5% |
| Change in cash | - | €802 | -€13,432 | €18,710 | €144,996 | €37,583 | -€61,296 | -€41,163 | ▲ 32.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 29 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 16-04-2026 | 2026-00082537 |
| 31-12-2024 | abbreviated format | 01-07-2025 | 2025-00213556 |
| 31-12-2023 | abbreviated format | 11-07-2024 | 2024-00244416 |
| 31-12-2022 | abbreviated format | 31-08-2023 | 2023-00392404 |
| 31-12-2021 | abbreviated format | 30-06-2022 | 2022-20131774 |
| 31-12-2020 | abbreviated format | 28-06-2021 | 2021-25700434 |
| 31-12-2019 | abbreviated format | 07-07-2020 | 2020-27500061 |
| 31-12-2018 | abbreviated format | 30-08-2019 | 2019-57900359 |
| 31-12-2017 | abbreviated format | 23-08-2018 | 2018-49100103 |
| 31-12-2016 | abbreviated format | 31-08-2017 | 2017-56500353 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2023 · 1 entry · €7,500 awarded · €7,500 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 2
Day-to-day management 1
Permanent representatives 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| D&S TRUCKS |
|
| Julie SCHILTZ |
|
| De Rese Gilbert |
|
Owners and capital
Owners
1 ownerChain of control
- D&S TRUCKS
- M.C.E.
Highest known parent: D&S TRUCKS. The sources do not say who stands above it.
Owners 1
- D&S TRUCKSparent99.98%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 31-01-2024 Converted to available equity
Group and network
Connections & network
2 connected companiesThe connected companies are in the list below.
History
Acts, filings and financial milestones
19-09
Gazette deed
Resignation: Gilbert DE RESE (director)Permanent representatives: Jurgen COENE and Stijn PUYPE · Power of attorney8 facts ▸
- General meeting, 01-09-2025
- Director resignation, Gilbert DE RESE (director (not named in the articles))
- Power of attorney, FRWRD
- Power of attorney
- Power of attorney, JucoFisc
- Power of attorney, STIJN PUYPE CONSULTING
- Permanent representative, Jurgen COENE
- Permanent representative, Stijn PUYPE
31-01
Gazette deed
Resignations: D&S Trucks, De Rese Gilbert and Schiltz JuliePermanent representative: De Rese Erwin · Appointments: D&S Trucks, De Rese Gilbert and Schiltz Julie · Amendment of the articles35 facts ▸
- Other provision, “beschikbaarstelling toekomstige bijstortingen niet-gestort geplaatst kapitaal”, 24789.35 (deed in Dutch)
- Other provision, “uitkeringen uit winst lopende boekjaar of winst voorgaande boekjaar zolang jaarrekening niet goedgekeurd, interimdividenden” (deed in Dutch)
- Amendment of the articles (2 times)
- Capital
- General meeting, “buitengewone algemene vergadering, eenparigheid van stemmen” (deed in Dutch)
- Director resignation, D&S Trucks (director (not named in the articles))
- Permanent representative, De Rese Erwin
- Director resignation, De Rese Gilbert (director (not named in the articles))
- Director resignation, Schiltz Julie (director (not named in the articles))
- Other provision, “kwijting uitoefening mandaat”, director discharge (deed in Dutch)
- Director appointment, D&S Trucks (director (not named in the articles)) (2 times)
- Director appointment, De Rese Gilbert (director (not named in the articles)) (2 times)
- +23 further facts in this act
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 31808K0339/00L000 | Flanders | 3,821 m² | 1 · 925 m² | 7.2 m · 2 |
| 31042A0662/00M000 | Flanders | 299 m² | 1 · 171 m² | 10.4 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het verlenen van dienstprestaties van economische en/of juridische aard en maken van studies,zowel in eigen beheer als in deelname met…” (deed in Dutch)
14 activities (deed in Dutch)
- Het verlenen van dienstprestaties van economische en/of juridische aard en maken van studies,zowel in eigen beheer als in deelname met derden,daartoe behoren techno-consult,assistentie op gebied van management,engineering,consulting,merchandising en franchising,technisch,commercieel en administratief beheer en advies,alsook het ter beschikking stellen en het huren en verhuren van personeel
- De publiciteit,reclame,marketing en algemene communicatie onder alle vormen en het uitvoeren van alle werken die voor de verwezenlijking van publiciteit,reclame,marketing en algemene communicatie noodzakelijk zijn,zonder enige beperking
- Het patrimonium van de vennootschap te beheren in de ruimste zin van het woord,en oordeelkundig uit te breiden,alle beschikbare middelen te beleggen of weder te beleggen,zowel in roerende als in onroerende goederen
- Overgaan tot het aankopen,onderschrijven,beheren,verkopen,omruilen voor eigen rekening van aandelen,deelbewijzen en/of effecten allerlei van vennootschappen en/of verenigingen eender welke,alsmede van andere roerende en/of onroerende waarden,tegoeden en/of vorderingen
- Overgaan tot het aankopen,verkopen,opschikken,uitrusten,valoriseren,bouwen,verhuren,onderverhuren,in huur nemen of leasen van onroerende goederen,al dan niet gemeubeld
- Het ontwikkelen,kopen,verkopen,in licentie nemen of geven van octrooien,know-how en aanverwante immateriële duurzame activa
- Het besturen van vennootschappen welk voorwerp deze vennootschappen ook mochten hebben,het deelnemen in en het directievoeren over ondernemingen en vennootschappen,alsook het uitoefenen van de functie van bestuurder of analoge functies zoals vereffenaar in vennootschappen en andere rechtspersonen
- Het bevorderen van de oprichting van vennootschappen of het participeren in bestaande of nog op te richten vennootschappen;de vennootschap kan door middel van inschrijving,inbreng,fusie,opslorping,financiële tussenkomst of afspraak deelnemen in andere Belgische of buitenlandse vennootschappen,instellingen of ondernemingen,zonder onderscheid,ongeacht of het voorwerp gelijk,verwant,verknocht of analoog is aan het hare of waarvan de deelname of samenwerking kan bijdragen tot de verwezenlijking van haar voorwerp;zij kan alle brevetten,licenties en vergunningen solliciteren of deze aankopen,overdragen en uitbaten en alle genotsrechten terzake toestaan
- Het toestaan van leningen en kredietopeningen aan vennootschappen of particulieren,onder om het even welke vorm;in dit kader kan zij zich ook mits vergoeding borgstellen of haar aval verlenen,in de meest ruime zin,alle handels- en financiële operaties verrichten behalve die welke wettelijk voorbehouden zijn aan depositobanken,houders van deposito’s op korte termijn,spaarkassen,hypotheekmaatschappijen en kapitalisatieondernemingen
- De aan- en verkoop van nieuwe en tweedehandse voertuigen in de ruimste zin van het woord,hierin zijn onder meer begrepen personenwagens,vrachtwagens en trailers
- Het onderhouden,monteren,herstellen en ombouwen van alle hoger vermelde voertuigen
- Het uitvoeren van koetswerkherstellingen bij alle hoger vermelde voertuigen
- Het verhuren,in huur nemen,leasen,onderhoud en herstel van deze voertuigen
- Het vervoer van goederen in de ruimste zin van het woord
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- M.C.E.
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, administratieve zetels,agentschappen,werkhuizen,stapelplaatsen en bijkantoren vestigen in België of buitenland bij enkel…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- 2 provisions in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Fourth Wednesday of June at 16:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Besluit algemene vergadering beraadslagend zoals inzake statutenwijziging, ontbinding om wettige redenen zoals bepaald in artikel 2:73…” (deed in Dutch)“Vormen vereist voor statutenwijziging, algemene vergadering” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Algemene vergadering, algemene vergadering” (deed in Dutch)