MC BIRD
ActiveSummary
MC BIRD has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €27,458 and a net result of €1. Equity is growing by ~34.3% per year across the filed fiscal years. Its solvency ranks better than 14% of 132 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2026
Axes · tick = 2025
Profitability35▼-1
Solvency29=
Growth78=
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity short (current ratio 0.01 against 0.05 in 2025; short-term debt: 20.9% of total assets), and 96.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
3.8%
Return on assets
0%
Age of the figures
6 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 132 sector peers (2026).
NBB · sector comparisonPosition among 132 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 19-09-2026, 42 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2026
42 d early
2025
31 d early
2024
35 d early
2023
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 35 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. Usually files around 28 September (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-03-2027 close31-10-2027 deadline
History
Go further with this company
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2026, micro schema
Equity
€27,458=
2025 · €27,457
Total assets
€717,826▼ 3.1%
2025 · €741,047
Net result
€1▼ 100.0%
2025 · €14,162
Working capital
-€148,299▼ 13.2%
2025 · -€130,983
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2023202420252026
Operating result-€1,104-€6,903€36,550▲ 430%€18,589▼ 49.1%
Net result-€3,195within the sector's middle half-€6,490within the sector's middle half€14,162within the sector's middle half▲ 118%€1▼ 100.0%
Equity€6,805below the sector's middle half-€13,295within the sector's middle half▲ 95.4%€27,457within the sector's middle half▲ 107%€27,458=
Total assets€462,041within the sector's middle half-€750,817within the sector's middle half▲ 62.5%€741,047within the sector's middle half▼ 1.3%€717,826▼ 3.1%
Debt€455,236-€737,522▲ 62.0%€713,590▼ 3.2%€690,368▼ 3.3%
Working capital-€134,217below the sector's middle half--€49,048within the sector's middle half▲ 63.5%-€130,983below the sector's middle half▼ 167%-€148,299▼ 13.2%
Solvency1.5%below the sector's middle half-1.8%below the sector's middle half▲ 0.3pp3.7%within the sector's middle half▲ 1.9pp3.8%▲ 0.1pp
Current ratio0.03below the sector's middle half-0.62within the sector's middle half▲ 0.590.05below the sector's middle half▼ 0.570.01▼ 0.04
Return on assets (ROA)-0.7%within the sector's middle half-0.9%within the sector's middle half▲ 1.6pp1.9%within the sector's middle half▲ 1.0pp0.0%▼ 1.9pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2026; 2026 is 49% below 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €697,486
Fixed assets
€695,842 ▼ 1.7%
Current assets
€1,644 ▼ 77.4%
Equity and liabilities €717,826
Equity
€27,458 =
Debt
€690,368 ▼ 3.3%
Debt's share of the balance-sheet total falls from 96.3% to 96.2%. Debt is lower.
Key figures and ratios
EBITDA
€36,184▼
2025 · €39,330
Cash flow
€17,596▲
2025 · €16,942
Debt to equity
25.14▼
2025 · 25.99
ROE
0.0%▼
2025 · 51.6%
Interest coverage
1.95▲
2025 · 1.76
Debt ≤ 1 year
€149,942▲
2025 · €138,253
Debt > 1 year
€540,426▼
2025 · €575,337
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,603 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 96% are still going.
- Small
- 5 to 10 years old
- solvency under 10%
- a profit under 5% of the balance sheet
1.9%
went bankrupt
1.8%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 1,603 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
| Line | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €2,780 | €17,594 | ▲ 533% |
| Other operating charges640/8 | €807 | €1,316 | €587 | €3,774 | ▲ 543% |
| Gross operating margin9900 | -€297 | €8,219 | €39,918 | €39,957 | ▲ 0.1% |
| Operating profit (loss)9901 | -€1,104 | €6,903 | €36,550 | €18,589 | ▼ 49.1% |
| Financial income75/76B | €64 | - | - | - | - |
| Recurring financial income75 | €64 | - | - | - | - |
| Financial charges65/66B | €2,156 | €413 | €22,388 | €18,588 | ▼ 17.0% |
| Recurring financial charges65 | €2,156 | €413 | €22,388 | €18,588 | ▼ 17.0% |
| Profit (loss) for the period before taxes9903 | -€3,195 | €6,490 | €14,162 | €1 | ▼ 100.0% |
| Profit (loss) for the period9904 | -€3,195 | €6,490 | €14,162 | €1 | ▼ 100.0% |
| Profit (loss) for the period to be appropriated9905 | -€3,195 | €6,490 | €14,162 | €1 | ▼ 100.0% |
| Line | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €462,041 | €750,817 | €741,047 | €717,826 | ▼ 3.1% |
| Formation expenses20 | €9,592 | €28,901 | €26,121 | €20,340 | ▼ 22.1% |
| Fixed assets21/28 | €448,930 | €642,610 | €707,656 | €695,842 | ▼ 1.7% |
| Tangible fixed assets22/27 | €448,805 | €642,485 | €707,531 | €695,717 | ▼ 1.7% |
| Land and buildings22 | €448,805 | €640,316 | €705,362 | €693,982 | ▼ 1.6% |
| Plant, machinery and equipment23 | - | €2,169 | €2,169 | €1,735 | ▼ 20.0% |
| Financial fixed assets28 | €125 | €125 | €125 | €125 | = |
| Current assets29/58 | €3,519 | €79,306 | €7,270 | €1,644 | ▼ 77.4% |
| Amounts receivable within one year40/41 | €1,095 | €57,138 | €2,100 | - | - |
| Trade receivables40 | - | €57,138 | €2,100 | - | - |
| Other amounts receivable41 | €1,095 | - | - | - | - |
| Current investments50/53 | €2,424 | €22,169 | €4,948 | €1,644 | ▼ 66.8% |
| Deferred charges and accrued income490/1 | - | - | €222 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €462,041 | €750,817 | €741,047 | €717,826 | ▼ 3.1% |
| Equity10/15 | €6,805 | €13,295 | €27,457 | €27,458 | = |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | - | €3,250 | €17,000 | €17,000 | = |
| Distributable reserves133 | - | €3,250 | €17,000 | €17,000 | = |
| Profit (loss) carried forward14 | -€3,195 | €45 | €457 | €458 | ▲ 0.3% |
| Amounts payable17/49 | €455,236 | €737,522 | €713,590 | €690,368 | ▼ 3.3% |
| Amounts payable after more than one year17 | €317,500 | €609,168 | €575,337 | €540,426 | ▼ 6.1% |
| Financial debts170/4 | €317,500 | €609,168 | €575,337 | €540,426 | ▼ 6.1% |
| Amounts payable within one year42/48 | €137,736 | €128,355 | €138,253 | €149,942 | ▲ 8.5% |
| Current portion of amounts payable after more than one year42 | - | €25,239 | €24,041 | €27,005 | ▲ 12.3% |
| Financial debts43 | - | €9,525 | €9,789 | €10,061 | ▲ 2.8% |
| Credit institutions430/8 | - | €9,525 | €9,789 | €10,061 | ▲ 2.8% |
| Trade debts44 | €100,115 | €13,907 | - | - | - |
| Suppliers440/4 | €100,115 | €13,907 | - | - | - |
| Taxes, remuneration and social security45 | - | €2,557 | €2,457 | €2,444 | ▼ 0.5% |
| Taxes450/3 | - | €2,557 | €2,457 | €2,444 | ▼ 0.5% |
| Other amounts payable47/48 | €37,621 | €77,127 | €101,966 | €110,432 | ▲ 8.3% |
| Line | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,195 | €6,490 | €14,162 | €1 | ▼ 100.0% |
| + Depreciation and write-downs630 | - | - | €2,780 | €17,594 | ▲ 533% |
| Operating cash flow (approximation) | -€3,195 | €6,490 | €16,942 | €17,596 | ▲ 3.9% |
| Investment in fixed assets (approximation) | - | -€193,679 | -€67,827 | -€5,780 | ▲ 91.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2027, expected by
2026
19-09
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Highest result since 2023net €14,162 ▲118%
Operating result €36,550, net result €14,162, both a record.
2024
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Back to profitnet €6,490
Net result €6,490 after one loss-making year.
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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.
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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, Izegem · 1 establishment unit since 2021
Ground area
1,247 m²
Building footprint
348 m²
Volume, LiDAR
546 m³
Parcel 36494D0013/00B003, Flanders · tallest building 5.2 m. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Roeselaarsestraat 598, 8870 Izegem
since 20212.319.633.650
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36494D0013/00B003 | Flanders | 1,247 m² | 1 · 348 m² | 5.2 m |
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, comparable size
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BE-ST INVESTIMMO
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Gent · Eq €27,388
JOKA
BE 0883.422.748
Tielt-Winge · Eq €27,368
DEBREYNE BJORN
BE 0840.308.921
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Of 7,326 companies in sector 68110 we hold annual accounts for 5,390. 2,771 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-04-2021
Fiscal year end31-03
Activities, NACEBEL 2025
68110Buying and selling of own real estate
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68322Real estate appraisal on a fee or contract basis
E-invoicing
Reachable via Peppol
Peppol ID
0208:0766738973
Also
9925:BE0766738973
Registered
24-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.