M.C.O.
ActiveThe computed 12-month bankruptcy probability of M.C.O. is 1.6% (moderate). The 2024 annual accounts show equity of €13k and a net result of €34k. Equity is growing by ~20.4% per year across the filed fiscal years. Its solvency ranks better than 17% of 591 sector peers (fiscal year 2024). The company has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability96▼-4
Solvency33▲+26
Growth64=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 2.19 against 1.58 in 2023; short-term debt: 44.7% and cash: 61% of total assets), but 92.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 79
Relative position
BE, all sectors
reference
Sector 79
higher
← fewer bankruptcies
more bankruptcies →
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 · 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 2024Solvency, return and age of the figures
Solvency
7.7%
Return on assets
20.6%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 591 sector peers (2024).
NBB · sector comparisonPosition among 591 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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
not confirmed
2024
31 d late
2023
60 d late
2022
31 d late
2021
31 d late
2020
55 d late
2019
92 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€151k▼ 0.8%
2023 · €152k
2018: €143k
2019: €127k
2020: €88k
2021: €112k
2022: €165k
2023: €152k
2018 → 2024
EBIT margin
25.2%▲ 4.7pp
2023 · 20.5%
2018: 2.6%
2019: -9.3%
2020: -0.4%
2021: -3.7%
2022: 13.0%
2023: 20.5%
2018 → 2024
Net result
€34k▲ 10.0%
2023 · €31k
2018: €4k
2019: €-12k
2020: €-372
2021: €-4k
2022: €21k
2023: €31k
2018 → 2024
Working capital
€88k▲ 110%
2023 · €42k
2018: €11k
2019: €-1k
2020: €-820
2021: €-4k
2022: €17k
2023: €42k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€88k-€112k▲ 27.6%€165k▲ 47.3%€152k▼ 7.5%€151k▼ 0.8%
Equity€-69k-€-74k▼ 6.2%€-52k▲ 28.9%€-21k▲ 59.2%€13k
Operating result€-371-€-4k▼ 1,010%€22k€31k▲ 45.2%€38k▲ 22.0%
Net result€-372-€-4k▼ 1,056%€21k€31k▲ 45.4%€34k▲ 10.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 22% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €165k
Fixed assets
€3k▼ 45.7%
Current assets
€161k▲ 40.8%
Equity and liabilities €165k
Equity
€13k
Debt
€152k
Debt finances 92.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€42k▲
2023 · €33k
Cash flow
€38k▲
2023 · €33k
Solvency
7.7%▲
2023 · -17.7%
Current ratio
2.19▲
2023 · 1.58
Quick ratio
2.16▲
2023 · 1.55
Debt / equity
11.98▲
2023 · -6.67
ROE
268.0%
ROA
20.6%▼
2023 · 25.6%
Interest coverage
148.11▲
2023 · 115.86
Debt
€152k▲
2023 · €142k
Debt ≤ 1 year
€74k▲
2023 · €73k
Debt > 1 year
€66k=
2023 · €66k
Income taxes
€4k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€121k€165k▲
Fixed assets21/28€6k€3k▼
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€6k€3k▼
Plant, machinery and equipment23-€1k
Furniture and vehicles24€6k€2k▼
Current assets29/58€115k€161k▲
Stocks and contracts in progress3€2k€2k=
Stocks30/36€2k€2k=
Amounts receivable within one year40/41€59k€59k▼
Trade receivables40€55k€56k▲
Other amounts receivable41€3k€3k▼
Cash at bank and in hand54/58€54k€101k▲
Equity and liabilities
Total equity and liabilities10/49€121k€165k▲
Equity10/15€-21k€13k▲
Contributions10/11€12k€12k=
Profit (loss) carried forward14€-34k€297▲
Amounts payable17/49€142k€152k▲
Amounts payable after more than one year17€66k€66k=
Financial debts170/4€66k€66k=
Amounts payable within one year42/48€73k€74k▲
Trade debts44€8k€6k▼
Suppliers440/4€8k€6k▼
Taxes, remuneration and social security45€1k€4k▲
Taxes450/3€1k€4k▲
Other amounts payable47/48€63k€63k▼
Accrued charges and deferred income492/3€4k€13k▲
Income statement
Code20232024
Turnover70€152k€151k▼
Goods, raw materials, services and sundry goods60/61€118k€109k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€4k▲
Other operating charges640/8€626€568▼
Gross operating margin9900€33k€43k▲
Operating profit (loss)9901€31k€38k▲
Financial charges65/66B€284€285▲
Recurring financial charges65€284€285▲
Profit (loss) for the period before taxes9903€31k€38k▲
Income taxes67/77-€4k
Profit (loss) for the period9904€31k€34k▲
Profit (loss) for the period to be appropriated9905€31k€34k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-34k€297▲
Profit (loss) brought forward from the previous period14P€-65k€-34k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Highest result since 2018net €34k ▲10%
Operating result €38k, net result €34k, both a record.
29-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 60 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €21k
Net result €21k after 3 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
24-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 55 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
31-12
Financial
Weakest financial yearnet €-12k ▼438%
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 56 days late
2017
20-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 51 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Elsene · 1 establishment unit since 1992
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Raadstraat 131050 ElseneGround area
286 m²
Building footprint
110 m²
Volume, LiDAR
1,461 m³
Parcel 21009A0962/00F015, Brussels · tallest building 17.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
M.C.O.
since 19922.059.173.408
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21009A0962/00F015 | Brussels | 286 m² | 1 · 110 m² | 17.8 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,438 companies in sector 79110 we hold annual accounts for 880. 400 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-09-1992
Fiscal year end31-12
Activities, NACEBEL
79110Travel agency activities
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.