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MC GROUP

Active
Partnership limited by sharesfounded 199036 yrs activeEendendreef 4, 2360 Oud-Turnhout, BelgiumKBO/BCE: BE 0439.957.257
Summary

For the legal form of MC GROUP, Checked does not compute a bankruptcy probability. The 2024 annual accounts show negative equity (-€533,388) and a net result of -€21,686. Equity is shrinking by ~10.4% per year across the filed fiscal years. The company has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability57▲+7
Solvency0=
Growth58▲+26
Track record100
Credit verdict
No credit on open account
Liquidity short (current ratio 0.19 against 0.06 in 2023; short-term debt: 74.3% and cash: 11.7% of total assets), and equity is negative.
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Signals

1 signal. The signal on the left, the evidence on the right.
○neutral
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
31 d early
2024
23 d early
2023
16 d early
2022
7 d late
2021
31 d late
2020
5 d late
2019
23 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 7 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 16 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
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

MC GROUP was incorporated on 9 January 1990.1 Total assets fell from EUR 520,676 in 2018 to EUR 224,986 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, abbreviated schema, 2025 accounts filed, figures not processed yet

Source amounts without an identifiable currency are assumed to be EUR.

Equity
-€533,388▼ 4.2%
2023 · -€511,702
Total assets
€224,986▼ 9.8%
2023 · €249,502
Net result
-€21,686▲ 50.7%
2023 · -€43,989
Working capital
-€135,177▲ 15.7%
2023 · -€160,445
Trend over the years
In euros
In euros
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result-€37,711▲ 20.6%-€46,468▼ 23.2%-€46,858▼ 0.8%-€43,790▲ 6.5%-€21,479▲ 50.9%
Net result-€37,921▲ 20.4%-€46,609▼ 22.9%-€47,052▼ 0.9%-€43,989▲ 6.5%-€21,686▲ 50.7%
Equity-€374,053▼ 11.3%-€420,662▼ 12.5%-€467,714▼ 11.2%-€511,702▼ 9.4%-€533,388▼ 4.2%
Total assets€413,265▼ 15.3%€345,498▼ 16.4%€303,814▼ 12.1%€249,502▼ 17.9%€224,986▼ 9.8%
Debt€787,317▲ 0.6%€766,160▼ 2.7%€771,527▲ 0.7%€761,204▼ 1.3%€758,374▼ 0.4%
Working capital-€158,519▲ 7.9%-€157,892▲ 0.4%-€158,413▼ 0.3%-€160,445▼ 1.3%-€135,177▲ 15.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€60,000-€40,000-€20,000€0Operating result 2020: -€37,711-€37,711Net result 2020: -€37,921-€37,921Operating result 2021: -€46,468-€46,468Net result 2021: -€46,609-€46,609Operating result 2022: -€46,858-€46,858Net result 2022: -€47,052-€47,052Operating result 2023: -€43,790-€43,790Net result 2023: -€43,989-€43,989Operating result 2024: -€21,479-€21,479Net result 2024: -€21,686-€21,68620202021202220232024-€60,000-€40,000-€20,000€0Operating result 2022: -€46,858-€46,900Net result 2022: -€47,052-€47,100Operating result 2023: -€43,790-€43,800Net result 2023: -€43,989-€44,000Operating result 2024: -€21,479-€21,500Net result 2024: -€21,686-€21,700202220232024
The operating result stays negative: a loss of €21,479 in 2024 against €43,790 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €224,986
Fixed assets €192,978 ▼ 19.6%
Current assets €32,008 ▲ 234%
Equity and liabilities
Equity-€533,388
Debt€758,374
Equity is negative: debt (€758,374) exceeds the balance-sheet total (€224,986).
Key figures and ratios
2024 value · change against 2023
EBITDA
€25,472▲
2023 · €3,161
Cash flow
€25,265▲
2023 · €2,962
Solvency
-237.1%▼
2023 · -205.1%
Current ratio
0.19▲
2023 · 0.06
ROA
-9.6%▲
2023 · -17.6%
Interest coverage
123.20▲
2023 · 15.88
Debt ≤ 1 year
€167,185▼
2023 · €170,018
Debt > 1 year
€590,376=
2023 · €590,376
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 32 lines
Balance sheet Code20232024
Assets
Total assets20/58€249,502€224,986▼
Fixed assets21/28€239,929€192,978▼
Tangible fixed assets22/27€239,929€192,978▼
Land and buildings22€239,929€192,978▼
Current assets29/58€9,573€32,008▲
Cash at bank and in hand54/58€3,956€26,367▲
Deferred charges and accrued income490/1€5,616€5,641▲
Equity and liabilities
Total equity and liabilities10/49€249,502€224,986▼
Equity10/15-€511,702-€533,388▼
Contributions10/11€1.6m€1.6m=
Capital10€1.6m€1.6m=
Issued capital100€1.6m€1.6m=
Profit (loss) carried forward14-€2.1m-€2.1m▼
Amounts payable17/49€761,204€758,374▼
Amounts payable after more than one year17€590,376€590,376=
Other amounts payable178/9€590,376€590,376=
Amounts payable within one year42/48€170,018€167,185▼
Trade debts44€0€36▲
Suppliers440/4€0€36▲
Other amounts payable47/48€170,018€167,149▼
Accrued charges and deferred income492/3€810€813▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46,951€46,951=
Other operating charges640/8€7,172€7,327▲
Gross operating margin9900€10,334€32,799▲
Operating profit (loss)9901-€43,790-€21,479▲
Financial charges65/66B€199€207▲
Recurring financial charges65€199€207▲
Profit (loss) for the period before taxes9903-€43,989-€21,686▲
Profit (loss) for the period9904-€43,989-€21,686▲
Profit (loss) for the period to be appropriated9905-€43,989-€21,686▲
Appropriation of the result
Profit (loss) to be appropriated9906-€2.1m-€2.1m▼
Profit (loss) brought forward from the previous period14P-€2.1m-€2.1m▼

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

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46,481€46,481€46,481€46,951€46,951=
Other operating charges640/8-€6,367€6,509€7,172€7,327▲ 2.2%
Gross operating margin9900€15,320€6,381€6,133€10,334€32,799▲ 217%
Operating profit (loss)9901-€37,711-€46,468-€46,858-€43,790-€21,479▲ 50.9%
Financial charges65/66B-€142€194€199€207▲ 3.9%
Recurring financial charges65€210€142€194€199€207▲ 3.9%
Profit (loss) for the period before taxes9903-€37,921-€46,609-€47,052-€43,989-€21,686▲ 50.7%
Profit (loss) for the period9904-€37,921-€46,609-€47,052-€43,989-€21,686▲ 50.7%
Profit (loss) for the period to be appropriated9905-€37,921-€46,609-€47,052-€43,989-€21,686▲ 50.7%
Line20202021202220232024Change
Assets
Total assets20/58€413,265€345,498€303,814€249,502€224,986▼ 9.8%
Fixed assets21/28€379,843€333,361€286,880€239,929€192,978▼ 19.6%
Tangible fixed assets22/27€379,843€333,361€286,880€239,929€192,978▼ 19.6%
Land and buildings22-€333,361€286,880€239,929€192,978▼ 19.6%
Current assets29/58€33,422€12,137€16,934€9,573€32,008▲ 234%
Cash at bank and in hand54/58€28,848€7,410€11,798€3,956€26,367▲ 566%
Deferred charges and accrued income490/1-€4,727€5,136€5,616€5,641▲ 0.4%
Equity and liabilities
Total equity and liabilities10/49€413,265€345,498€303,814€249,502€224,986▼ 9.8%
Equity10/15-€374,053-€420,662-€467,714-€511,702-€533,388▼ 4.2%
Contributions10/11€1.6m€1.6m€1.6m€1.6m€1.6m=
Capital10-€1.6m€1.6m€1.6m€1.6m=
Issued capital100-€1.6m€1.6m€1.6m€1.6m=
Profit (loss) carried forward14-€2.0m-€2.0m-€2.1m-€2.1m-€2.1m▼ 1.0%
Amounts payable17/49€787,317€766,160€771,527€761,204€758,374▼ 0.4%
Amounts payable after more than one year17€590,376€590,376€590,376€590,376€590,376=
Other amounts payable178/9-€590,376€590,376€590,376€590,376=
Amounts payable within one year42/48€191,942€170,029€175,347€170,018€167,185▼ 1.7%
Trade debts44€2,616€2,769€5,482€0€36-
Suppliers440/4-€2,769€5,482€0€36-
Other amounts payable47/48-€167,260€169,865€170,018€167,149▼ 1.7%
Accrued charges and deferred income492/3-€5,755€5,805€810€813▲ 0.4%
Line20202021202220232024Change
Profit (loss) for the period9904-€37,921-€46,609-€47,052-€43,989-€21,686▲ 50.7%
+ Depreciation and write-downs630€46,481€46,481€46,481€46,951€46,951=
Operating cash flow (approximation)€8,561-€128-€570€2,962€25,265▲ 753%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash--€21,439€4,388-€7,841€22,411▲ 386%

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

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
30-06
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
08-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
15-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
07-08
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 7 days late
2022
31-08
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
05-08
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 5 days late
2020
08-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial Weakest financial yearnet -€47,657
Net result drops to -€47,657, the lowest in the series; recovery starts the following year.
21-06
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
06-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 6 days late
2017
09-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Oud-Turnhout · 1 establishment unit since 1990
seat establishment The establishment unit on the map
Ground area
1.4 ha
Building footprint
782 m²
Volume, LiDAR
5,155 m³
Parcel 13482F1177/00D017, Flanders · tallest building 14.3 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Eendendreef 4, 2360 Oud-Turnhout
Manufacture of basic metals
since 19902.047.117.593
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
13482F1177/00D017 Flanders 1.4 ha 1 · 782 m² 14.3 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.

Company details

Identification
Legal formPartnership limited by shares
Founded09-01-1990
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0439957257
Also 9925:BE0439957257
Registered 10-06-2025

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.