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M CARRE

Active
Private limited companyfounded 200421 yrs activeBoondaalsesquare 1, 1050 Elsene, BelgiumKBO/BCE: BE 0870.513.137
Summary

The annual accounts of M CARRE for fiscal year 2025 show a net loss of 58% of the equity at the start of that year. The 2025 annual accounts show equity of €39,107 and a net result of -€53,123. Equity is growing by ~22.2% per year across the filed fiscal years. Its solvency ranks better than 19% of 1030 sector peers (fiscal year 2025). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.7% (low).

Risk analysisWatch ReportCompare
M CARREActiveChecked score 53/100
Risk analysis ReportCompare

Overview

Activity
Other tax advisory services
NACE 69209Certified accountants and tax accountants NACE 69201NACE 74124
2 sites
Size
€994,844total assets 2025
Equity
€39,107
Loss
-€53,123
Financial health
53 Fair Checked score 2025
Bankruptcy chance 12 m
0.7%
Structure
Accounts 107 d early1 of 13 deeds read
Why 53Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year- 1 change of registered office in 24 months- Liquidity: current ratio 0.57, cash €12,839+ Sector Legal and accounting activities (NACE 69)+ Size: total assets €994,844Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 11% of its sector peers (NACE 69, micro)
Performance against the sector, not lower risk
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 29-6
equity 3.9% of total assets
Liquidity 41+25
short-term debt 27.6% · cash 1.3%
Profitability 39-22
return on assets -5.3%
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median < 0.1% (19,732 companies)
Last 13 months 10-2025: 0.2% 11-2025: 0.2%▼ -0.4% vs 10-2025lowest value 12-2025: 0.3%▲ +24.5% vs 11-2025 01-2026: 0.3%● 0.0% vs 12-2025 02-2026: 0.3%● 0.0% vs 01-2026 03-2026: 0.3%● 0.0% vs 02-2026 04-2026: 0.7%▲ +122% vs 03-2026 05-2026: 0.7%● 0.0% vs 04-2026 06-2026: 0.7%● 0.0% vs 05-2026 07-2026: 0.7%● 0.0% vs 06-2026 08-2026: 0.7%▼ -0.6% vs 07-2026 09-2026: 0.7%● 0.0% vs 08-2026 10-2026: 0.7%▲ +13.5% vs 09-2026highest value
  • 1 change of registered office in 24 months raises the probability
  • Sector Legal and accounting activities (NACE 69) lowers the probability
  • Liquidity: current ratio 0.57, cash €12,839 raises the probability
  • Size: total assets €994,844 lowers the probability for this profile
Credit up to €2,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.57 against 0.41 in 2024; short-term debt: 27.6% and cash: 1.3% of total assets), and 96.1% 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 (NACE 69, micro). Better than this share of them on solvency 9%, liquidity 16%, profitability 8%, growth against the median 9%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. 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
raises risk · 1 change of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
lowers risk · Sector Legal and accounting activities (NACE 69)
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · Liquidity: current ratio 0.57, cash €12,839
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Size: total assets €994,844
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 1030 sector peers (2025).
NBB · sector comparison
Position among 1030 sector peers
Solvency
better than 19%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-07-2025 was due by 28-02-2026 and was filed on 13-11-2025, 107 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
107 d early
2024
35 d late
2023
46 d early
2022
33 d early
2021
44 d early
2020
22 d early
2019
60 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 40 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-07-2026 and is due by 28-02-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
31-07-2026 close02-10-2026 today28-02-2027 deadline
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. Registered officeRegistered-office move
  2. Annual accounts filedfiscal year 2025 · full…
  3. Weakest financial yearnet -€53,123

Key points

  • Caution: From profit to loss in 2025after €485 in 2024 -€53,123 View
  • Caution: Among the weakest 5% on net resultsector median €125,560 · 1,023 companies -€53,123 View
  • Total assets 20256 fiscal years filed €994,844 View

By topic

Financials

Fiscal year
2025
Total assets
€994,844
Loss
-€53,123
Solvency
3.9%
Total assets▲ 3.7%
Net result
20192025
Go to Financials

Timeline

Events
13
Since
2016
Next accounts
by 28-02-2027
  1. 23-03-2026Registered office
  2. 13-11-2025Annual accounts filed
  3. 31-07-2025Weakest financial year
Go to Timeline

Company details

Sites
2
Legal form
Private limited company
Activity
Other tax advisory servicesNACE 69209
Founded
10-12-2004
Year ends
31-07
Peppol
Reachable for e-invoices
Go to Company details

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