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M CONCEPT

Active
Private limited companyfounded 20179 yrs activeRue O.Lombril(T) 12A, 7333 Saint-Ghislain, BelgiumKBO/BCE: BE 0681.539.321
Summary

The computed 12-month bankruptcy probability of M CONCEPT is 4.9% (elevated). The 2024 annual accounts show equity of €133,606 and a net result of -€33,561. Equity is growing by ~19.2% per year across the filed fiscal years. Its solvency ranks better than 31% of 9972 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
M CONCEPTActiveChecked score 36/100
Risk analysis ReportCompare

Overview

Activity
General construction of other non-residential buildings
NACE 41003NACE 41203Painting of buildings NACE 43341
1 site
Size
€560,558total assets 2024
Staff
1.5 FTE
Equity
€133,606
Loss
-€33,561
Turnover not published (abridged schema)
Financial health
36 Weak Checked score 2024
Bankruptcy chance 12 m
4.9%
Structure
Accounts 64 d overdue0 of 4 deeds read
Why 36- Figures for FY 2024 (filed 03-10-2025)- 1 financial year not filed after the legal deadline; latest accounts 55 days late; 1 of the last 3 late- Sector Construction of residential and non-residential buildings (NACE 41)+ Size: total assets €560,558Show the evidence

Checked score

Score 2024
36 / 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 25% of its sector peers (NACE 41, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Weak
Solvency 49-6
equity 23.8% of total assets
Liquidity 39-20
short-term debt 37.1% · cash 5.0%
Profitability 14-57
return on assets -6.0%
Bankruptcy probability, 12 months
4.9% Elevated
0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.6% (13,187 companies)
Last 24 months 11-2024: 1.1% 12-2024: 1.1%● 0.0% vs 11-2024 01-2025: 1.1%▼ -1.3% vs 12-2024 02-2025: 1.1%▲ +0.6% vs 01-2025 03-2025: 1.1%▲ +4.7% vs 02-2025 04-2025: 1.1%▲ +0.7% vs 03-2025 05-2025: 1.1%▼ -6.3% vs 04-2025lowest value 06-2025: 1.1%▲ +2.0% vs 05-2025 07-2025: 1.1%▲ +4.7% vs 06-2025 08-2025: 1.7%▲ +46.4% vs 07-2025 09-2025: 1.8%▲ +7.1% vs 08-2025 10-2025: 2.8%▲ +57.5% vs 09-2025 11-2025: 2.2%▼ -20.6% vs 10-2025 12-2025: 2.2%● 0.0% vs 11-2025 01-2026: 2.2%▼ -1.2% vs 12-2025 02-2026: 2.1%▼ -7.1% vs 01-2026 03-2026: 2.1%▼ -0.5% vs 02-2026 04-2026: 2.1%▲ +1.7% vs 03-2026 05-2026: 2.1%▼ -1.7% vs 04-2026 06-2026: 2.1%● 0.0% vs 05-2026 07-2026: 2.1%▲ +3.9% vs 06-2026 08-2026: 2.7%▲ +26.8% vs 07-2026 09-2026: 3.0%▲ +11.8% vs 08-2026 10-2026: 4.9%▲ +62.4% vs 09-2026highest value
  • Figures for FY 2024 (filed 03-10-2025) raises the probability
  • 1 financial year not filed after the legal deadline; latest accounts 55 days late; 1 of the last 3 late raises the probability
  • Size: total assets €560,558 lowers the probability for this profile
  • Sector Construction of residential and non-residential buildings (NACE 41) raises the probability
Credit up to €4,500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.09 against 1.45 in 2023; short-term debt: 37.1% and cash: 5% of total assets), and 76.2% 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 41, micro). Better than this share of them on solvency 31%, liquidity 36%, profitability 15%, growth against the median 19%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. 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

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Figures for FY 2024 (filed 03-10-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 55 days late; 1 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
lowers risk · Size: total assets €560,558
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Sector Construction of residential and non-residential buildings (NACE 41)
In the bankruptcy model this factor raises the probability.
KBO
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-09-2025, 55 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 · 7 filings
Deviation from the deadline
2025
not confirmed
2024
55 d late
2023
29 d late
2022
29 d late
2021
31 d late
2020
30 d late
2019
88 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 44 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed 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. Weakest financial yearnet -€33,561
  3. Annual accounts filedfiscal year 2023 · micro…

Key points

  • Caution: Among the weakest 6% on net resultsector median €7,818 · 9,960 companies -€33,561 View
  • Caution: Accounts not fileddeadline was 31-07-2026 64 d late View
  • Total assets 20246 fiscal years filed €560,558 View

By topic

Financials

Fiscal year
2024
Total assets
€560,558
Loss
-€33,561
Solvency
23.8%
Total assets▲ 1.5%
Net result
20182024
Go to Financials

Timeline

Events
11
Since
2019
  1. 24-09-2025Annual accounts filed
  2. 31-12-2024Weakest financial year
  3. 29-08-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
General construction of other non-residential buildingsNACE 41003
Founded
19-09-2017
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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