Equity
€2,319 from €75,784 in 2020
Equity fell by 97% in 5 years.
MC²
Lifetime
19 annual accounts with figures on one time axis, 20 filings since 2006peak €52,827 (2018)
-€51,136▼ €60,338
lowest -€66,904 (2025)
-€66,904▼ €62,043
peak €75,784 (2020)
€2,319▼ 96.6%
€175,732▲ 13.1%
Board2 names since 2004
2 directorsCrauwels Marc and 1 other
Documentsfilings and deeds
22-06-202639 days before the deadline
2025micro format
Gross margin from €9,202 to -€51,136Loss of €66,904Equity from €69,223 to €2,319Cash from €1,413 to €1,987
Key points
from the 2025 annual accountsLosses
-€72,420 in three years
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
Debts
€175,732 99% of the balance sheet
Financial debts 2%Suppliers 0%Other 97%
Of this, €171,349 falls due within a year.
Liquidity
0.84 was 1.28 in 2024
Short-term debts rose from €145,859 to €171,349.
Filings
20 annual accounts since 2006
The last five annual accounts were filed 3 to 66 days before the end of the period.
Position in the sector
-€66,904
Lower net result than 95% of companies in head offices and management consultancy. Sector median €27,132 · 39,384 companies.
Turnover not published (micro format)
Checked score
52
Fair
Financially stronger than 5% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: 1.5% to 4.2%
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.
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,572 companies (NACE 70, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.2%▼ -0.1 percentage points vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026lowest value
07-2026: 0.5%▲ +0.3 percentage points vs 06-2026highest value
08-2026: 0.5%● unchanged vs 07-2026highest value
09-2026: 0.5%● unchanged vs 08-2026highest value
10-2026: 0.5%● unchanged vs 09-2026highest value
11-2026: 0.5%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €66,904, the second in a row (financial year 2025)
Liquidity: current ratio 0.84, cash €1,987
lowers risk
Size: total assets €178,051
Sector: Activities of head offices; management consultancy activities (NACE 70)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 10% of them on solvency, 2% on liquidity, 4% on profitability and 4% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 540 companies had the same profile as MC² has now. Each dot stands for 2 companies, two years later.
85.7%
were still trading
8.3%
stopped another way
5.2%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MC² itself is lower: 0.5% within 12 months. It rests on far more data about MC² than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 540 companies, not a prediction for MC². The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No publishable credit limit, so credit 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 is insufficient, with a current ratio of 0.84 (1.28 in 2024), below 1. Short-term debt is 96.2% and cash 1.1% of total assets. 98.7% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€66,904
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 39368 sector peers (2025).
NBB · sector comparisonPosition among 39368 sector peers
Solvency
better than 10%
← weakest
strongest →
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 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 days early
2024
66 days early
2023
58 days early
2022
4 days early
2021
3 days early
2020
24 days early
2019
17 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 30 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 22 June (4 of the last 5 accounts filed within 35 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0866571274
Changes of role: Crauwels Marc (director) and Baekeland Nora (director)
“Wijnbouw en in het algemeen de exploitatie die hiermee verband houdt; De teelt van wijndruiven en het…” (deed in Dutch) · Director discharge: Crauwels Marc · Director discharge: Baekeland Nora · General meeting of 25-08-2020 · Gazette deed
Algemene Vergadering - Boekjaar
General meeting of 11-06-2018 · Gazette deed
Incorporation
published on 06-08-2004 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MC² Hulshout | €178,051 | -€51,136 | 1.3% | - |
| ASTERION TRAINING EN CONSULTANCY Nijlen | €190,370 | -€6,353 | 59.2% | - |
| FIN-ADVIES Puurs-Sint-Amands | €163,795 | -€3,966 | -5.4% | - |
| KUBIC Antwerp | €194,072 | -€79,894 | -32.6% | - |
| MEL-IT Westerlo | €194,075 | -€3,479 | 95.8% | - |
| Yatoba Kontich | €171,318 | -€1,605 | 78.5% | - |
| PLAISANCE Zoersel | €170,303 | -€1,978 | -780.0% | - |
These companies have the same main activity as MC²: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €164,000 and €194,000, founded between 2004 and 2005.
Official details
Source: KBO- Status
- Active since 29-07-2004Normal situation
- Activity
- Business and other management consultancyNACE 70200and 1 other
- Establishment unit
- 2.138.753.0972235 Hulshout, since 26-07-2004
- Financial year end
- 31 December
- Peppol
- Reachable since 01-12-2025
Annual accounts 2025
- €178,051▼ 20.7%
- Filing
- Filed on 22-06-2026, 39 days before the end of the filing period
Insights on MC²
MC² files the micro format. That format states no turnover. The gross margin fell from €3,794 in 2007 to -€51,136 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MC²
- What is the company number of MC²?
- The company number of MC² is 0866.571.274. The VAT number is the same number with BE in front: BE 0866.571.274.
- Where is MC² based?
- The registered office is at Zijperstraat 16, 2235 Hulshout.Company details
- What does MC² do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of MC²?
- MC² is a private limited company (BV).
- When was MC² founded?
- MC² was founded on 29-07-2004.
- Is MC² still active?
- Yes, MC² is an active enterprise in the KBO register.
- What is the turnover of MC²?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is MC² profitable?
- In financial year 2025, MC² made a loss of €66,904.
- Where can I find the annual accounts of MC²?
- MC² filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MC² due?
- MC² must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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