M & C PROJECT
InactiveM & C PROJECT was declared bankrupt on 02-06-2025 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 03-02-2026, published in the Belgian State Gazette on 16-02-2026.
No longer registered with the KBO; last annual accounts for fiscal year 2021.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline21-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 16-11-2022, 108 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
108 d late
2020
466 d late
2018
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Turnover
€26k▼ 20.9%
2018 · €33k
2018: €33k
2018 → 2020
EBIT margin
-24.1%▼ 17.3pp
2018 · -6.8%
2018: -6.8%
2018 → 2020
Net result
€65k
2020 · €-6k
2018: €-2k
2020: €-6k
2018 → 2021
Working capital
€41k▲ 247%
2020 · €12k
2018: €15k
2020: €12k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820202021Trend
Turnover€33k-€26k▼ 20.9%
Equity€16k-€14k▼ 12.3%€43k▲ 199%
Operating result€-2k-€-6k▼ 181%€74k
Net result€-2k-€-6k▼ 180%€65k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2021: €74k after a loss of €6k in 2020, the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €66k
Fixed assets
€2k▼ 22.8%
Current assets
€64k▲ 369%
Equity and liabilities €66k
Equity
€43k▲ 199%
Debt
€23k▲ 1,136%
The debt ratio rises from 11.6% to 35.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€75k▲
2020 · €-6k
Cash flow
€65k▲
2020 · €-6k
Solvency
64.9%▼
2020 · 88.4%
Current ratio
2.77▼
2020 · 7.30
Quick ratio
2.77▼
2020 · 7.30
Debt / equity
0.54▲
2020 · 0.13
ROE
150.4%▲
2020 · -43.5%
ROA
97.6%▲
2020 · -38.5%
Interest coverage
306.25▲
2020 · -323.10
Debt
€23k▲
2020 · €2k
Debt ≤ 1 year
€23k▲
2020 · €2k
Income taxes
€9k
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 · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€16k€66k▲
Formation expenses20€98€0▼
Fixed assets21/28€2k€2k▼
Tangible fixed assets22/27€2k€2k▼
Furniture and vehicles24€2k€2k▼
Financial fixed assets28€210€210=
Current assets29/58€14k€64k▲
Amounts receivable within one year40/41€8k€63k▲
Trade receivables40€3k€55k▲
Other amounts receivable41€5k€8k▲
Cash at bank and in hand54/58€6k€1k▼
Equity and liabilities
Total equity and liabilities10/49€16k€66k▲
Equity10/15€14k€43k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-6k€22k▲
Amounts payable17/49€2k€23k▲
Amounts payable within one year42/48€2k€23k▲
Trade debts44-€7k
Suppliers440/4-€7k
Taxes, remuneration and social security45€2k€10k▲
Taxes450/3€539€10k▲
Remuneration and social security454/9€1k-
Other amounts payable47/48-€7k
Income statement
Code20202021
Turnover70€26k-
Goods, raw materials, services and sundry goods60/61€32k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€501€655▲
Other operating charges640/8€15€128▲
Gross operating margin9900€-6k€75k▲
Operating profit (loss)9901€-6k€74k▲
Financial charges65/66B€18€244▲
Recurring financial charges65€18€244▲
Profit (loss) for the period before taxes9903€-6k€74k▲
Income taxes67/77-€9k
Profit (loss) for the period9904€-6k€65k▲
Profit (loss) for the period to be appropriated9905€-6k€65k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-6k€58k▲
Profit (loss) brought forward from the previous period14P€150€-6k▼
Profit to be distributed694/7-€36k
Directors or managers695-€36k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
16-02
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · SRL M&C PROJECT AVENUE DE LA CHASSE 133, 1040 ETTERBEEK. déclarée le 2 juin 2025 · event 03-02-2026
2025
10-06
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SRL M&C PROJECT AVENUE DE LA CHASSE 133, 1040 ETTERBEEK · event 02-06-2025
2022
16-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 108 days late
09-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 466 days late
2021
31-12
Financial
Back to profitnet €65k
Net result €65k after 2 loss-making years.
2020
31-12
Financial
Weakest financial yearnet €-6k
Net result drops to €-6k, the lowest in the series.
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ALEXANDRE SAUSSEZ LEUVENSESTEENWEG 369,
1932 SINT-STEVENS-WOLUWE |
02-06-2025 → present |