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M.C.R.

Active
Public limited companyfounded 198738 yrs activeOude Vesten 37, 9600 Ronse, BelgiumKBO/BCE: BE 0432.994.439
Summary

M.C.R. has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €84,205 and a net result of -€2,279. Equity is growing by ~5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Activity
Activity not known1 site
Size
€93,038total assets 2024
Equity
€84,205
Loss
-€2,279
Turnover not published (abridged schema)
Financial health
92 Excellent Checked score 2024
Bankruptcy chance 12 m
0.1%
Structure
Accounts 66 d overdue0 of 4 deeds read
Why 92- Figures for FY 2024 (filed 07-08-2025)+ Size: total assets €93,038+ Founded in 1987+ Liquidity: current ratio 6.78, cash €48,802Show the evidence

Checked score

Score 2024
92 / 100
Excellent
Probability in this band: under 0.55%
Better than 59% of its sector peers (no NACE code, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Strong
Solvency 100=
equity 90.5% of total assets
Liquidity 100=
short-term debt 9.5% · cash 52.5%
Profitability 31+2
return on assets -2.4%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● 0.0% vs 11-2024 01-2025: < 0.1%● 0.0% vs 12-2024 02-2025: < 0.1%● 0.0% vs 01-2025 03-2025: < 0.1%● 0.0% vs 02-2025 04-2025: < 0.1%● 0.0% vs 03-2025 05-2025: < 0.1%● 0.0% vs 04-2025 06-2025: < 0.1%▲ +4.4% vs 05-2025 07-2025: < 0.1%▲ +2.1% vs 06-2025 08-2025: 0.1%▲ +56.3% vs 07-2025 09-2025: < 0.1%▼ -53.3% vs 08-2025lowest value 10-2025: < 0.1%● 0.0% vs 09-2025lowest value 11-2025: < 0.1%● 0.0% vs 10-2025lowest value 12-2025: < 0.1%● 0.0% vs 11-2025lowest value 01-2026: < 0.1%● 0.0% vs 12-2025lowest value 02-2026: < 0.1%● 0.0% vs 01-2026lowest value 03-2026: < 0.1%● 0.0% vs 02-2026lowest value 04-2026: < 0.1%● 0.0% vs 03-2026lowest value 05-2026: < 0.1%● 0.0% vs 04-2026lowest value 06-2026: < 0.1%▲ +5.7% vs 05-2026 07-2026: < 0.1%▲ +2.7% vs 06-2026 08-2026: 0.1%▲ +50.0% vs 07-2026 09-2026: 0.1%▲ +28.1% vs 08-2026 10-2026: 0.1%▲ +93.2% vs 09-2026highest value
  • Size: total assets €93,038 lowers the probability for this profile
  • Figures for FY 2024 (filed 07-08-2025) raises the probability
  • Founded in 1987 lowers the probability for this profile
  • Liquidity: current ratio 6.78, cash €48,802 lowers the probability
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 6.78 against 9.21 in 2023; short-term debt: 9.5% and cash: 52.5% of total assets), and 9.5% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, micro). Better than this share of them on solvency 81%, liquidity 95%, profitability 22%, growth against the median 36%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €93,038
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Figures for FY 2024 (filed 07-08-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Founded in 1987
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Liquidity: current ratio 6.78, cash €48,802
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
18192021222324
2018 to 2024 · latest year -€2,279
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-08-2025, 4 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 filings
Deviation from the deadline
2025
not confirmed
2024
4 d late
2023
30 d late
2022
23 d late
2021
32 d late
2020
24 d late
2019
27 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 23 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Annual accounts filedfiscal year 2023 · micro…
  3. Annual accounts filedfiscal year 2022 · micro…

Key points

  • Risk: 3 loss-making years in a rowloss fiscal year 2024 -€2,279 View
  • Caution: Accounts not fileddeadline was 31-07-2026 66 d late View
  • Active since 1987founded 22-12-1987 38 years View

By topic

Financials

Fiscal year
2024
Total assets
€93,038
Loss
-€2,279
Solvency
90.5%
Total assets▲ 0.1%
Net result
20182024
Go to Financials

Timeline

Events
13
Since
2016
  1. 04-08-2025Annual accounts filed
  2. 30-08-2024Annual accounts filed
  3. 23-08-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Founded
22-12-1987
Year ends
31-12
Peppol
Not found in the Peppol directory
Go to Company details

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