MC-Logistics
ActiveSummary
MC-Logistics has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.47M and a net result of €111k. Equity is growing by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 67% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+66
Solvency78▼-11
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity short (current ratio 0.69 against 0.69 in 2024; short-term debt: 32.7% and cash: 4.9% of total assets), and 47% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
53%
Return on assets
4%
Age of the figures
9 mo
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: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
on the day
2023
1 d early
2022
on the day
2021
2 d early
2020
8 d early
2019
91 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€1.47M▲ 8.2%
2024 · €1.36M
2018: €813klowest in 8 years
2019: €1.05M▲ +29.6% vs 2018
2020: €1.43M▲ +35.8% vs 2019
2021: €1.52M▲ +6.5% vs 2020
2022: €1.54M▲ +0.8% vs 2021highest in 8 years
2023: €1.53M▼ -0.4% vs 2022
2024: €1.36M▼ -11.4% vs 2023
2025: €1.47M▲ +8.2% vs 2024
2018 → 2025
Total assets
€2.77M▲ 30.6%
2024 · €2.12M
2018: €3.11M
2019: €3.42M▲ +10.2% vs 2018highest in 8 years
2020: €3.42M● 0.0% vs 2019highest in 8 years
2021: €3.00M▼ -12.2% vs 2020
2022: €2.55M▼ -15.2% vs 2021
2023: €2.11M▼ -17.0% vs 2022lowest in 8 years
2024: €2.12M▲ +0.2% vs 2023
2025: €2.77M▲ +30.6% vs 2024
2018 → 2025
Net result
€111k
2024 · €-174k
2018: €336k
2019: €277k▼ -17.8% vs 2018
2020: €377k▲ +36.2% vs 2019highest in 8 years
2021: €93k▼ -75.4% vs 2020
2022: €12k▼ -86.8% vs 2021
2023: €-5k▼ -144% vs 2022
2024: €-174k▼ -3125% vs 2023lowest in 8 years
2025: €111k▲ +164% vs 2024
2018 → 2025
Working capital
€-280k▼ 38.4%
2024 · €-203k
2018: €-656klowest in 8 years
2019: €-301k▲ +54.1% vs 2018
2020: €-156k▲ +48.1% vs 2019
2021: €284k▲ +282% vs 2020highest in 8 years
2022: €76k▼ -73.2% vs 2021
2023: €27k▼ -64.2% vs 2022
2024: €-203k▼ -842% vs 2023
2025: €-280k▼ -38.4% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.52M-€1.54M▲ 0.8%€1.53M▼ 0.4%€1.36M▼ 11.4%€1.47M▲ 8.2%
2021: €1.52M
2022: €1.54M▲ +0.8% vs 2021highest in 5 years
2023: €1.53M▼ -0.4% vs 2022
2024: €1.36M▼ -11.4% vs 2023lowest in 5 years
2025: €1.47M▲ +8.2% vs 2024
Operating result€146k-€31k▼ 78.6%€5k▼ 84.6%€-167k€144k
2021: €146khighest in 5 years
2022: €31k▼ -78.6% vs 2021
2023: €5k▼ -84.6% vs 2022
2024: €-167k▼ -3570% vs 2023lowest in 5 years
2025: €144k▲ +186% vs 2024
Net result€93k-€12k▼ 86.8%€-5k€-174k▼ 3,125%€111k
2021: €93k
2022: €12k▼ -86.8% vs 2021
2023: €-5k▼ -144% vs 2022
2024: €-174k▼ -3125% vs 2023lowest in 5 years
2025: €111k▲ +164% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €144k after a loss of €167k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.77M
Fixed assets
€2.14M ▲ 27.8%
Current assets
€625k ▲ 41.3%
Equity and liabilities €2.77M
Equity
€1.47M ▲ 8.2%
Debt
€1.30M ▲ 70.4%
Debt's share of the balance-sheet total rises from 36.0% to 47.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€386k▲
2024 · €-8k
Cash flow
€354k▲
2024 · €-16k
Current ratio
0.69▲
2024 · 0.69
Debt to equity
0.89▲
2024 · 0.56
ROE
7.6%▲
2024 · -12.8%
ROA
4.0%▲
2024 · -8.2%
Interest coverage
18.53▲
2024 · -1.14
Debt ≤ 1 year
€905k▲
2024 · €645k
Debt > 1 year
€392k▲
2024 · €115k
Income taxes
€12k▲
2024 · €10
Staff costs
€1.10M▲
2024 · €769k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.12M€2.77M▲
Fixed assets21/28€1.68M€2.14M▲
Tangible fixed assets22/27€1.68M€2.14M▲
Land and buildings22€1.56M€1.52M▼
Plant, machinery and equipment23€112k€121k▲
Furniture and vehicles24€3k€2k▼
Leasing and similar rights25-€503k
Current assets29/58€442k€625k▲
Amounts receivable within one year40/41€301k€437k▲
Trade receivables40€301k€437k▲
Other amounts receivable41€0-
Current investments50/53€33€33=
Cash at bank and in hand54/58€95k€135k▲
Deferred charges and accrued income490/1€46k€54k▲
Equity and liabilities
Total equity and liabilities10/49€2.12M€2.77M▲
Equity10/15€1.36M€1.47M▲
Contributions10/11€520k€520k=
Reserves13€836k€947k▲
Tax-exempt reserves132€395€395=
Distributable reserves133€836k€947k▲
Amounts payable17/49€764k€1.30M▲
Amounts payable after more than one year17€115k€392k▲
Financial debts170/4€115k€392k▲
Amounts payable within one year42/48€645k€905k▲
Current portion of amounts payable after more than one year42€156k€235k▲
Financial debts43€8k€0▼
Credit institutions430/8€8k€0▼
Trade debts44€120k€84k▼
Suppliers440/4€120k€84k▼
Advances received on contracts in progress46€11k€0▼
Taxes, remuneration and social security45€120k€186k▲
Taxes450/3€21k€48k▲
Remuneration and social security454/9€99k€138k▲
Other amounts payable47/48€230k€400k▲
Accrued charges and deferred income492/3€4k€4k▼
Income statement
Code20242025
Non-recurring operating income76A-€16k
Remuneration, social security and pensions62€769k€1.10M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€158k€243k▲
Other operating charges640/8€30k€41k▲
Non-recurring operating charges66A€2k€0▼
Gross operating margin9900€792k€1.53M▲
Operating profit (loss)9901€-167k€144k▲
Financial income75/76B€0€0▲
Recurring financial income75€0€0▲
Financial charges65/66B€7k€21k▲
Recurring financial charges65€7k€21k▲
Profit (loss) for the period before taxes9903€-174k€123k▲
Income taxes67/77€10€12k▲
Profit (loss) for the period9904€-174k€111k▲
Profit (loss) for the period to be appropriated9905€-174k€111k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-174k€111k▲
Transfer from equity791/2€174k€0▼
Transfer to equity691/2-€111k
To other reserves6921-€111k
Social balance
Average headcount (FTE)908714.419.2▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €16k | - |
| Remuneration, social security and pensions62 | €545k | €404k | €606k | €769k | €1.10M | ▲ 43.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €238k | €185k | €170k | €158k | €243k | ▲ 53.3% |
| Other operating charges640/8 | €41k | €24k | €28k | €30k | €41k | ▲ 38.4% |
| Non-recurring operating charges66A | - | - | - | €2k | €0 | ▼ 100% |
| Gross operating margin9900 | €971k | €645k | €809k | €792k | €1.53M | ▲ 92.9% |
| Operating profit (loss)9901 | €146k | €31k | €5k | €-167k | €144k | ▲ 186% |
| Financial income75/76B | €1k | €4k | €3k | €0 | €0 | ▲ 113% |
| Recurring financial income75 | €1k | €4k | €3k | €0 | €0 | ▲ 113% |
| Financial charges65/66B | €17k | €13k | €8k | €7k | €21k | ▲ 186% |
| Recurring financial charges65 | €17k | €13k | €8k | €7k | €21k | ▲ 186% |
| Profit (loss) for the period before taxes9903 | €129k | €22k | €-745 | €-174k | €123k | ▲ 171% |
| Income taxes67/77 | €37k | €10k | €5k | €10 | €12k | ▲ 126,477% |
| Profit (loss) for the period9904 | €93k | €12k | €-5k | €-174k | €111k | ▲ 164% |
| Profit (loss) for the period to be appropriated9905 | €93k | €12k | €-5k | €-174k | €111k | ▲ 164% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.00M | €2.55M | €2.11M | €2.12M | €2.77M | ▲ 30.6% |
| Fixed assets21/28 | €2.11M | €1.93M | €1.78M | €1.68M | €2.14M | ▲ 27.8% |
| Tangible fixed assets22/27 | €2.11M | €1.93M | €1.78M | €1.68M | €2.14M | ▲ 27.8% |
| Land and buildings22 | €1.94M | €1.80M | €1.67M | €1.56M | €1.52M | ▼ 2.9% |
| Plant, machinery and equipment23 | €149k | €123k | €107k | €112k | €121k | ▲ 8.3% |
| Furniture and vehicles24 | €21k | €10k | €3k | €3k | €2k | ▼ 26.8% |
| Leasing and similar rights25 | - | - | - | - | €503k | - |
| Current assets29/58 | €893k | €616k | €338k | €442k | €625k | ▲ 41.3% |
| Amounts receivable within one year40/41 | €159k | €493k | €224k | €301k | €437k | ▲ 45.1% |
| Trade receivables40 | €147k | €201k | €217k | €301k | €437k | ▲ 45.1% |
| Other amounts receivable41 | €13k | €292k | €7k | €0 | - | - |
| Current investments50/53 | - | €32 | €32 | €33 | €33 | = |
| Cash at bank and in hand54/58 | €729k | €112k | €91k | €95k | €135k | ▲ 41.7% |
| Deferred charges and accrued income490/1 | €5k | €11k | €23k | €46k | €54k | ▲ 16.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.00M | €2.55M | €2.11M | €2.12M | €2.77M | ▲ 30.6% |
| Equity10/15 | €1.52M | €1.54M | €1.53M | €1.36M | €1.47M | ▲ 8.2% |
| Contributions10/11 | €520k | €520k | €520k | €520k | €520k | = |
| Reserves13 | €1.00M | €1.02M | €1.01M | €836k | €947k | ▲ 13.3% |
| Non-distributable reserves130/1 | €29k | €29k | €0 | - | - | - |
| Reserves not available under the articles1311 | €29k | €29k | €0 | - | - | - |
| Tax-exempt reserves132 | €395 | €395 | €395 | €395 | €395 | = |
| Distributable reserves133 | €974k | €986k | €1.01M | €836k | €947k | ▲ 13.3% |
| Amounts payable17/49 | €1.48M | €1.01M | €585k | €764k | €1.30M | ▲ 70.4% |
| Amounts payable after more than one year17 | €869k | €471k | €271k | €115k | €392k | ▲ 241% |
| Financial debts170/4 | €869k | €471k | €271k | €115k | €392k | ▲ 241% |
| Amounts payable within one year42/48 | €608k | €539k | €311k | €645k | €905k | ▲ 40.4% |
| Current portion of amounts payable after more than one year42 | €394k | €399k | €200k | €156k | €235k | ▲ 50.9% |
| Financial debts43 | - | €8k | €6k | €8k | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | €6k | €8k | €0 | ▼ 100% |
| Other loans439 | - | €8k | - | - | - | - |
| Trade debts44 | €79k | €57k | €2k | €120k | €84k | ▼ 29.8% |
| Suppliers440/4 | €79k | €57k | €2k | €120k | €84k | ▼ 29.8% |
| Advances received on contracts in progress46 | - | - | - | €11k | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €121k | €76k | €102k | €120k | €186k | ▲ 55.0% |
| Taxes450/3 | €80k | €30k | €37k | €21k | €48k | ▲ 124% |
| Remuneration and social security454/9 | €40k | €45k | €65k | €99k | €138k | ▲ 40.0% |
| Other amounts payable47/48 | €15k | €0 | - | €230k | €400k | ▲ 73.9% |
| Accrued charges and deferred income492/3 | €3k | €3k | €3k | €4k | €4k | ▼ 5.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €93k | €12k | €-5k | €-174k | €111k | ▲ 164% |
| + Depreciation and write-downs630 | €238k | €185k | €170k | €158k | €243k | ▲ 53.3% |
| Operating cash flow (approximation) | €331k | €197k | €164k | €-16k | €354k | ▲ 2,362% |
| Investment in fixed assets (approximation) | - | €-7k | €-14k | €-59k | €-708k | ▼ 1,097% |
| Change in cash | - | €-617k | €-21k | €4k | €40k | ▲ 900% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Back to profitnet €111k
Net result €111k after 2 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-174k
Net result drops to €-174k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €377k ▲36.2%
Operating result €545k, net result €377k, both a record.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
31-12
Financial
Equity above €1MEq €1.05M ▲29.6%
2 profitable years in a row build equity to €1.05M.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Dendermonde · 2 establishment units since 1990
Ground area
1.6 ha
Building footprint
3,383 m²
Volume, LiDAR
13,580 m³
2 parcels, Flanders · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
Hoogveld 19, 9200 Dendermonde
since 19902.050.792.410
MC-Logistics
since 20242.366.128.027
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42021A0943/00Z000 | Flanders | 9,802 m² | 1 · 3,383 m² | 6.7 m · 2 fl. |
| 42021A0854/00P003 | Flanders | 6,240 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 500 EUR awarded · 500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 500 EUR | 500 EUR |
Schemes
Stagebonus (stopgezet)
Recognitions · licences · registrations
Food safety, FASFC
2 sitesDendermonde2.050.792.410
Dendermonde2.366.128.027
Dual-learning approval
1 live approval · 5 endedLogistiek duaal (so)
Show 5 ended approvals
Bestuurder heftruck (so)
Bestuurder interne transportmiddelen duaal (so)
Magazijnmedewerker (so)
Magazijnmedewerker (vwo)
Magazijnmedewerker duaal (so)
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Of 12,020 companies in sector 68203 we hold annual accounts for 5,986. 3,878 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-11-1990
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.