MC.ETAF
ActiveMC.ETAF has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-19k) and a net result of €-3k. Equity is growing by ~14.7% per year across the filed fiscal years. Its solvency ranks better than 7% of 3451 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+17
Solvency34▼-1
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.54 against 0.56 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Sector 74
lower
← 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 2025Solvency, return and age of the figures
Solvency
-84.4%
Return on assets
-12.4%
Age of the figures
15 mo
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€19k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-01-2026, 3 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
3 d early
2024
2 d early
2023
33 d early
2022
on the day
2021
39 d early
2020
19 d early
2019
2 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close15-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-19k▼ 17.3%
2024 · €-16k
2019: €-34k
2020: €-35k
2021: €-37k
2022: €-24k
2023: €-14k
2024: €-16k
2019 → 2025
Total assets
€22k▲ 10.0%
2024 · €20k
2019: €42
2020: €3k
2021: €5k
2022: €13k
2023: €27k
2024: €20k
2019 → 2025
Net result
€-3k▼ 51.2%
2024 · €-2k
2019: €-64k
2020: €-2k
2021: €-1k
2022: €13k
2023: €10k
2024: €-2k
2019 → 2025
Working capital
€-19k▼ 17.3%
2024 · €-16k
2019: €-34k
2020: €-35k
2021: €-37k
2022: €-24k
2023: €-14k
2024: €-16k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-37k-€-24k▲ 35.0%€-14k▲ 40.1%€-16k▼ 12.9%€-19k▼ 17.3%
Operating result€-399-€13k€12k▼ 9.5%€840▼ 93.1%€952▲ 13.4%
Net result€-1k-€13k€10k▼ 25.7%€-2k€-3k▼ 51.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 13% above 2024.
Key figures and ratios
Solvency
-84.4%▼
2024 · -79.1%
Current ratio
0.54▼
2024 · 0.56
Quick ratio
0.54▼
2024 · 0.56
Debt / equity
-2.19▲
2024 · -2.26
ROE
14.7%▲
2024 · 11.4%
ROA
-12.4%▼
2024 · -9.0%
Debt
€41k▲
2024 · €36k
Debt ≤ 1 year
€41k▲
2024 · €36k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€20k€22k▲
Current assets29/58€20k€22k▲
Amounts receivable within one year40/41€10k€6k▼
Trade receivables40€10k€6k▼
Other amounts receivable41€246€87▼
Cash at bank and in hand54/58€10k€8k▼
Deferred charges and accrued income490/1-€8k
Equity and liabilities
Total equity and liabilities10/49€20k€22k▲
Equity10/15€-16k€-19k▼
Contributions10/11€30k€30k=
Profit (loss) carried forward14€-46k€-49k▼
Amounts payable17/49€36k€41k▲
Amounts payable within one year42/48€36k€41k▲
Trade debts44€77€5k▲
Suppliers440/4€77€5k▲
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€0€55▲
Taxes450/3€0€55▲
Other amounts payable47/48€36k€36k▲
Income statement
Code20242025
Other operating charges640/8€499€126▼
Gross operating margin9900€1k€1k▼
Operating profit (loss)9901€840€952▲
Financial income75/76B€250€0▼
Recurring financial income75€250€0▼
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€-2k€-3k▼
Profit (loss) for the period9904€-2k€-3k▼
Profit (loss) for the period to be appropriated9905€-2k€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-46k€-49k▼
Profit (loss) brought forward from the previous period14P€-44k€-46k▼
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
29-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Back to profitnet €13k
Net result €13k after 3 loss-making years.
2021
23-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
12-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Kortrijk · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Marionetten(Kor) 528500 KortrijkGround area
783 m²
Building footprint
131 m²
Volume, LiDAR
681 m³
Parcel 34022E0792/00C000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MC.ETAF
since 20172.267.838.026
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022E0792/00C000 | Flanders | 783 m² | 1 · 131 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. Of 882 companies in sector 74991 we hold annual accounts for 313.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-08-2017
Fiscal year end30-06
Activities, NACEBEL
74901Other professional, scientific and technical activities
74991Agents and managers of artists, athletes and other public figures
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.