MC² DEVELOPMENT
Part of the group
75 companies in 3 countries
Annual accounts 2025
full format, filed on 08-04-2026, 114 days before the deadline€2.6m
€1.7m
▲ 6.2%
€2.5m
▲ 4.1%
€1.7m
▲ 1.7%
39.8%
▲ 2.3 percentage points
6.18
▲ 1.23
Money flows
of every €100 of turnover, €34.18 remains as profit in 2025Balance sheet
balance sheet total €34.7m on 31-12-2025What the company ownsHow it is paid for
in €m
in €m
Position in the sector
39.8%
Higher than 56% of 4,692 companies in 2024.
6.18
Higher than 82% of 4,516 companies in 2024.
2.5%
Higher than 65% of 4,668 companies in 2024.
MC² DEVELOPMENT
Middle half of the sector
80% of the sector
Full accounts in real estate (NACE 68)
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
34.7m | 34.5m | 34.3m | 34.1m | 33.9m | 14.1m | 1.8m | |
21/28 |
29.9m | 30.7m | 31.5m | 32.2m | 32.8m | 13.8m | 1.8m | |
22/27 |
29.9m | 30.7m | 31.5m | 32.2m | 32.8m | 13.8m | 1.8m | |
24 |
1,511 | 2,434 | 3,356 | 3,478 | - | - | - | |
26 |
29.9m | 30.7m | 31.5m | 32.2m | 32.8m | 13.8m | 1.8m | |
29/58 |
4.8m | 3.8m | 2.8m | 1.9m | 1.2m | 342,592 | 16,108 | |
40/41 |
649,790 | 636,388 | 614,084 | 672,077 | 82,469 | 360 | - | |
40 |
649,790 | 636,388 | 614,084 | 613,425 | 22,077 | 360 | - | |
41 |
- | - | - | 58,652 | 60,392 | - | - | |
54/58 |
4.1m | 3.1m | 2.1m | 1.3m | 1.1m | 340,381 | 14,247 | |
490/1 |
34,352 | 37,639 | 1,973 | 1,970 | 1,851 | 1,851 | 1,861 | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
34.7m | 34.5m | 34.3m | 34.1m | 33.9m | 14.1m | 1.8m | |
10/15 |
13.8m | 12.9m | 12.1m | 11.4m | 1.2m | 670,129 | 735,994 | |
10/11 |
10.5m | 10.5m | 10.5m | 10.5m | 750,000 | 750,000 | 750,000 | |
10 |
10.5m | 10.5m | 10.5m | 10.5m | 750,000 | - | - | |
100 |
10.5m | 10.5m | 10.5m | 10.5m | 750,000 | 750,000 | 750,000 | |
13 |
165,224 | 121,641 | 79,456 | 44,025 | 20,002 | - | - | |
130/1 |
165,224 | 121,641 | 79,456 | 44,025 | 20,002 | - | - | |
130 |
165,224 | 121,641 | 79,456 | 44,025 | 20,002 | - | - | |
14 |
3.1m | 2.3m | 1.5m | 836,469 | 380,038 | -79,871 | -14,006 | |
17/49 |
20.9m | 21.6m | 22.2m | 22.7m | 32.8m | 13.5m | 1.1m | |
17 |
19.3m | 20.0m | 20.7m | 21.3m | - | 11.3m | 530,523 | |
170/4 |
19.3m | 20.0m | 20.7m | 21.3m | - | 11.3m | 530,523 | |
42/48 |
769,627 | 770,798 | 714,019 | 640,376 | 32.7m | 2.1m | 561,034 | |
42 |
693,023 | 674,288 | 656,060 | 638,324 | 30.6m | - | - | |
43 |
- | - | - | - | 1.3m | 121 | 272 | |
430/8 |
- | - | - | - | 1.3m | 121 | 272 | |
44 |
24,378 | 88 | 6,751 | 2,052 | 685,956 | 2.1m | 560,762 | |
440/4 |
24,378 | 88 | 6,751 | 2,052 | 685,956 | 2.1m | 560,762 | |
45 |
52,225 | 96,422 | 51,208 | - | 145,853 | - | - | |
450/3 |
52,225 | 96,422 | 51,208 | - | 145,853 | - | - | |
492/3 |
793,559 | 782,470 | 746,181 | 748,312 | 48,781 | 30,920 | - | |
| Income statement | ||||||||
70 |
2.6m | - | 2.4m | - | 6.8m | - | - | |
9900 |
2.7m | 2.6m | 2.4m | 2.1m | 781,536 | -27,764 | -12,863 | |
60/61 |
76,434 | - | 159,054 | - | 6.0m | - | - | |
630 |
833,488 | 832,265 | 831,060 | 825,509 | 71,348 | - | - | |
640/8 |
224,467 | 217,638 | 1,031 | 10,495 | 930 | 410 | 695 | |
9901 |
1.7m | 1.6m | 1.5m | 1.2m | 709,258 | -28,174 | -13,558 | |
75/76B |
61,091 | 136,741 | - | 2,471 | - | - | - | |
75 |
61,091 | 136,741 | - | - | - | - | - | |
76B |
- | - | - | 2,471 | - | - | - | |
65/66B |
558,482 | 574,975 | 594,764 | 584,487 | 83,493 | 37,692 | 448 | |
65 |
558,482 | 574,975 | 594,764 | 583,862 | 83,493 | 37,692 | 448 | |
66B |
- | - | - | 625 | - | - | - | |
9903 |
1.2m | 1.1m | 944,834 | 640,606 | 625,765 | -65,866 | -14,006 | |
67/77 |
290,552 | 281,236 | 236,208 | 160,152 | 145,854 | - | - | |
9904 |
871,657 | 843,707 | 708,625 | 480,454 | 479,911 | -65,866 | -14,006 | |
9905 |
871,657 | 843,707 | 708,625 | 480,454 | 479,911 | -65,866 | -14,006 | |
| Appropriation of the result | ||||||||
9906 |
3.2m | 2.4m | 1.5m | 860,492 | 400,040 | -79,871 | -14,006 | |
14P |
2.3m | 1.5m | 836,469 | 380,038 | -79,871 | - | - | |
691/2 |
43,583 | 42,185 | 35,431 | 24,023 | 20,002 | - | - | |
6920 |
43,583 | 42,185 | 35,431 | 24,023 | 20,002 | - | - | |
| Document | ||||||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 08-04-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 08-04-2026 | 2026-00073809 | |
| 31-12-2024 | full format | 01-04-2025 | 2025-00059802 | |
| 31-12-2023 | full format | 02-04-2024 | 2024-00053947 | |
| 31-12-2022 | full format | 04-04-2023 | 2023-00052867 | |
| 31-12-2021 | full format | 21-04-2022 | 2022-20005872 | |
| 31-12-2020 | full format | 28-06-2021 | 2021-26500214 | |
| 31-12-2019 | full format | 24-06-2020 | 2020-20900042 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| 2.5m | 2.4m | 2.4m | 2.0m | 780,606 | - | - | ||
| 1.7m | 1.7m | 1.5m | 1.3m | 551,259 | - | - | ||
| 80,836 | 42,992 | 136,738 | 260,694 | 19.0m | 12.0m | 1.8m | ||
| 931,088 | 993,789 | 876,389 | 163,735 | 764,790 | 326,134 | - | ||
| 4.0m | 3.0m | 2.0m | 1.3m | -31.6m | -1.8m | -544,926 | ||
| 65.1% | - | 62.8% | - | 10.5% | - | - | ||
| 39.8% | 37.5% | 35.3% | 33.4% | 3.4% | 4.7% | 40.3% | ||
| 6.18 | 4.95 | 3.87 | 3.03 | 0.04 | 0.16 | 0.03 | ||
| 1.51 | 1.67 | 1.83 | 2.00 | 28.51 | 20.08 | 1.48 | ||
| 6.3% | 6.5% | 5.9% | 4.2% | 41.7% | -9.8% | -1.9% | ||
| 2.5% | 2.4% | 2.1% | 1.4% | 1.4% | -0.5% | -0.8% | ||
| 4.46 | 4.17 | 3.99 | 3.51 | 9.35 | - | - | ||
| 93 days | - | 91 days | - | 1 day | - | - | ||
| 116 days | - | 15 days | - | 42 days | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €80,836 | €42,992 | €136,738 | €260,694 | €19.0m |
| €833,488 | €832,265 | €831,060 | €825,509 | €71,348 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on MC² DEVELOPMENT
The operating result for 2025 is 6% higher than in 2024 and the highest since 2019. It is the fifth rise in a row, after the fall in 2020.
Debt's share of the balance-sheet total falls from 62.5% to 60.2%. Equity is higher and debt is lower.
Large changes and their cause
- 2022 Equity +890% on 2021. Capital increase of €8,450,000 (Official Gazette 23-06-2022).