Result
€110,955 €110,955
Back in profit in 2025, after a loss of €173,866 in 2024.
MC-Logistics
Lifetime
20 annual accounts with figures on one time axis, 35 filings since 1991peak €1.5m (2025)
€1.5m▲ 92.9%
lowest -€261,825 (2016)
€110,955▲ €284,821
peak €1.5m (2022)
€1.5m▲ 8.2%
€1.3m▲ 70.4%
peak 19.2 FTE (2025)
19.2 FTE▲ 33.3%
Board2 names since 2016
1 directorMC² bv
Owners
99.73%MC²
Documentsfilings and deeds
31-08-202631 days late
2025abbreviated format
Gross margin from €792,426 to €1.5mBack to profit: €110,955Staff from 14.4 FTE to 19.2 FTEDebts from €763,700 to €1.3mInvestments €708,482Cash from €95,130 to €134,826
Key points
from the 2025 annual accountsTurnover
≈ €1.9m estimated
The abbreviated format states no turnover.
Debts
€1.3m ▲ 70.4%
Debts rose by €537,810 in 2025.
Investments
€708,482 2.9 × depreciation
Green is investment, beige is depreciation.
Staff
21 employees on 31-12-2025
In 2025, 11 people joined and 6 left.
Filings
35 annual accounts since 1991
Two of the last ten came late. The 2019 accounts came latest: 91 days after the end of the period.
Checked score
88
Excellent
Financially stronger than 64% of small companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%lowest value
01-2025: 0.2%● unchanged vs 12-2024lowest value
02-2025: 0.2%● unchanged vs 01-2025lowest value
03-2025: 0.2%● unchanged vs 02-2025lowest value
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.3%▲ +0.1 percentage points vs 06-2025
08-2025: 0.5%▲ +0.2 percentage points vs 07-2025
09-2025: 0.4%▼ -0.1 percentage points vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.7%▲ +0.3 percentage points vs 07-2026highest value
09-2026: 0.3%▼ -0.4 percentage points vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 31 days late; 1 of the last 3 accounts late
Size: 19.2 FTE, total assets €2.8m
lowers risk
Founded in 1990
Equity €1.5m (53.0% of total assets)
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 68, small). It does better than 70% of them on solvency, 37% on liquidity, 81% on profitability and 69% on growth.
The bankruptcy probability was computed on 09-11-2026 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 very low class on 30-06-2025, 0.1% 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, 14,766 companies had the same profile as MC-Logistics has now. Each dot stands for 37 companies, two years later.
96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MC-Logistics itself: 0.3% within 12 months.
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 14,766 companies, not a prediction for MC-Logistics. 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
Credit of up to €120,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.69 (0.69 in 2024), below 1. Short-term debt is 32.7% and cash 4.9% of total assets. 47% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
on the day
2023
1 day early
2022
on the day
2021
2 days early
2020
8 days early
2019
91 days late
← 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 16 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% 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 31 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- MC² 99.73%score 85equity €4.1m (2025) · 2025 annual accounts of MC²
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0442117288
New establishment in Dendermonde
Vlassenhout 8
1 director resigning, 1 reappointment
Resignation: MAES Nikki Marie-Jeanne Norbert Cesarine (director) · Reappointment: MAES Nikki Marie-Jeanne Norbert Cesarine (director) · Permanent representative: MAES Nikki Marie-Jeanne Norbert Cesarine · General meeting of 27-09-2023 · Gazette deed
Environmental permit granted
Slopen van niet vrijstaande gebouwen of constructies · Dendermonde
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MC-Logistics Dendermonde | €2.8m | €1.5m | 53.0% | 19.2 |
| VAN HOVE INVEST PRO Ranst | €3.3m | €1.3m | 31.4% | 17 |
| REANDA Ravels | €2.2m | €1.3m | 91.6% | 18 |
| GROEP VAN HAUTE Kontich | €3.6m | €2.0m | 67.7% | 13.5 |
| Bloemen Thomas Hasselt | €4.2m | €2.4m | 87.4% | 25.5 |
| DECONINCK Gavere | €6.4m | €2.0m | 39.3% | 23.3 |
| FertiPRO Support & Services Beernem | €2.8m | €1.2m | 41.8% | 12.7 |
These companies have the same main activity as MC-Logistics: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €2.2m and €6.4m, founded between 1980 and 2006.
Official details
Source: KBO- Status
- Active since 14-11-1990Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203and 1 other
- Joint committees
- 226White-collar workers in international trade, transport and logistics
- 140.03Road transport and logistics for third parties · annual accounts 2025
- Establishment units
- 2.050.792.4109200 Dendermonde, since 26-12-1990
- 2.366.128.0279200 Dendermonde, since 15-11-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 09-09-2025
Annual accounts 2025
- €2.8m▲ 30.6%
- Employeeson 31-12-2025
- 21▲ 31.3%
- Filing
- Filed on 31-08-2026
Insights on MC-Logistics
MC-Logistics files the abbreviated format. That format states no turnover. The gross margin rose from €274,778 in 2006 to €1.5m in 2025.
The balance sheet grew most from 2015 to 2017 through fixed assets.
MC² holds all the shares.
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 MC-Logistics
- What is the company number of MC-Logistics?
- The company number of MC-Logistics is 0442.117.288. The VAT number is the same number with BE in front: BE 0442.117.288.
- Where is MC-Logistics based?
- The registered office is at Hoogveld 19, 9200 Dendermonde.Company details
- What does MC-Logistics do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of MC-Logistics?
- MC-Logistics is a private limited company (BV).
- When was MC-Logistics founded?
- MC-Logistics was founded on 14-11-1990.
- Is MC-Logistics still active?
- Yes, MC-Logistics is an active enterprise in the KBO register.
- How many employees does MC-Logistics have?
- MC-Logistics had an average of 19.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does MC-Logistics fall under?
- In its 2025 annual accounts, MC-Logistics states joint committees 226 (White-collar workers in international trade, transport and logistics) and 140.03 (Road transport and logistics for third parties).
- What is the turnover of MC-Logistics?
- The turnover in financial year 2025 is ≈ €1.9m. This figure is estimated from the gross margin of €1.5m and 32 comparable companies (NACE 68203). It probably lies between €1.5m and €2.2m.
- Is MC-Logistics profitable?
- In financial year 2025, MC-Logistics made a profit of €110,955.
- Where can I find the annual accounts of MC-Logistics?
- MC-Logistics filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MC-Logistics due?
- MC-Logistics must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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