Skip to content

M COULEE

Active
Private limited companyfounded 20242 yrs activeLes Golettes 21, 4500 Huy, BelgiumKBO/BCE: BE 1010.448.604
Summary

M COULEE has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€15,053) and a net result of -€40,053. Its solvency ranks better than 18% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).

Checked score

Score 2025
Axes
Profitability16
Solvency22
Growth-
Track record67
Bankruptcy probability, 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.11; short-term debt: 19.5% and cash: 1.2% of total assets), and equity is negative.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
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 2025
Solvency, return and age of the figures
Solvency
-3%
Return on assets
-7.9%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
3 d early
← before the deadline after the deadline →
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

History

On 17 June 2024, M COULEE was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

Go further with this company

Is this your company? See how customers and banks see it.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, micro schema

Equity
-€15,053
Total assets
€504,324
Net result
-€40,053
Working capital
-€87,441

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €504,324
Fixed assets €493,404
Current assets €10,920
Key figures and ratios
2025 value
EBITDA
€21,269
Cash flow
-€3,450
Solvency
-3.0%
Current ratio
0.11
Debt to equity
-34.50
ROA
-7.9%
Interest coverage
0.86
Debt
€519,378
Debt ≤ 1 year
€98,361
Debt > 1 year
€421,016

Peer companies

Historical observation

Of the 1,253 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 96% are still going.

  • Small
  • 2 to 5 years old
  • negative equity
  • a small loss
0.9% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,253 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 37 lines
Balance sheet Code2025
Assets
Total assets20/58€504,324
Fixed assets21/28€493,404
Tangible fixed assets22/27€493,404
Land and buildings22€473,394
Plant, machinery and equipment23€16,160
Furniture and vehicles24€3,850
Current assets29/58€10,920
Amounts receivable within one year40/41€4,278
Trade receivables40€4,278
Cash at bank and in hand54/58€6,227
Deferred charges and accrued income490/1€415
Equity and liabilities
Total equity and liabilities10/49€504,324
Equity10/15-€15,053
Contributions10/11€25,000
Profit (loss) carried forward14-€40,053
Amounts payable17/49€519,378
Amounts payable after more than one year17€421,016
Financial debts170/4€421,016
Amounts payable within one year42/48€98,361
Current portion of amounts payable after more than one year42€16,803
Trade debts44€3,521
Suppliers440/4€3,521
Taxes, remuneration and social security45€2,269
Taxes450/3€2,269
Other amounts payable47/48€75,768
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36,603
Other operating charges640/8€238
Gross operating margin9900€21,507
Operating profit (loss)9901-€15,334
Financial income75/76B€63
Recurring financial income75€63
Financial charges65/66B€24,782
Recurring financial charges65€24,782
Profit (loss) for the period before taxes9903-€40,053
Profit (loss) for the period9904-€40,053
Profit (loss) for the period to be appropriated9905-€40,053
Appropriation of the result
Profit (loss) to be appropriated9906-€40,053

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36,603
Other operating charges640/8€238
Gross operating margin9900€21,507
Operating profit (loss)9901-€15,334
Financial income75/76B€63
Recurring financial income75€63
Financial charges65/66B€24,782
Recurring financial charges65€24,782
Profit (loss) for the period before taxes9903-€40,053
Profit (loss) for the period9904-€40,053
Profit (loss) for the period to be appropriated9905-€40,053
Line2025
Assets
Total assets20/58€504,324
Fixed assets21/28€493,404
Tangible fixed assets22/27€493,404
Land and buildings22€473,394
Plant, machinery and equipment23€16,160
Furniture and vehicles24€3,850
Current assets29/58€10,920
Amounts receivable within one year40/41€4,278
Trade receivables40€4,278
Cash at bank and in hand54/58€6,227
Deferred charges and accrued income490/1€415
Equity and liabilities
Total equity and liabilities10/49€504,324
Equity10/15-€15,053
Contributions10/11€25,000
Profit (loss) carried forward14-€40,053
Amounts payable17/49€519,378
Amounts payable after more than one year17€421,016
Financial debts170/4€421,016
Amounts payable within one year42/48€98,361
Current portion of amounts payable after more than one year42€16,803
Trade debts44€3,521
Suppliers440/4€3,521
Taxes, remuneration and social security45€2,269
Taxes450/3€2,269
Other amounts payable47/48€75,768
Line2025
Profit (loss) for the period9904-€40,053
+ Depreciation and write-downs630€36,603
Operating cash flow (approximation)-€3,450

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

2026
28-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
2 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
Registered office, Huy · 1 establishment unit since 2024
exact location from the address register On OpenStreetMap
Ground area
473 m²
Building footprint
116 m²
Volume, LiDAR
684 m³
Parcel 61061A0492/00Z000, Wallonia · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue des Golettes 21, 4500 Huy
Removal services
since 20242.362.906.637
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
61061A0492/00Z000 Wallonia 473 m² 1 · 116 m² 7.7 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 12,042 companies in sector 68203 we hold annual accounts for 6,005. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded17-06-2024
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID 0208:1010448604
Also 9925:BE1010448604
Registered 08-09-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.