MC MAES
ActiveSummary
The computed 12-month bankruptcy probability of MC MAES is 1.8% (moderate). The 2025 annual accounts show equity of €54,336 and a net result of -€373. Equity is growing by ~6.1% per year across the filed fiscal years. Its solvency ranks better than 80% of 1917 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability68▼-6
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 4.06 against 3.79 in 2024; short-term debt: 24.1% and cash: 61.1% of total assets), and 24.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← 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
75.9%
Return on assets
-0.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
26 d late
2024
56 d early
2023
35 d early
2022
17 d late
2021
60 d early
2020
67 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 29 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed 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 27 June (4 of the last 5 filed years within 51 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€54,336▼ 0.7%
2024 · €54,708
Total assets
€71,548▼ 2.0%
2024 · €72,984
Net result
-€373
2024 · €2,994
Working capital
€52,689▲ 3.2%
2024 · €51,071
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€8,191▼ 66.5%€455▼ 94.4%€8,212▲ 1,703%€4,891▼ 40.4%€334▼ 93.2%
Net result€6,397within the sector's middle half▼ 66.9%-€48below the sector's middle half€6,031within the sector's middle half€2,994within the sector's middle half▼ 50.4%-€373below the sector's middle half
Equity€45,732within the sector's middle half▲ 16.3%€45,684within the sector's middle half▼ 0.1%€51,714within the sector's middle half▲ 13.2%€54,708within the sector's middle half▲ 5.8%€54,336within the sector's middle half▼ 0.7%
Total assets€62,284below the sector's middle half=€63,668below the sector's middle half▲ 2.2%€67,285below the sector's middle half▲ 5.7%€72,984below the sector's middle half▲ 8.5%€71,548below the sector's middle half▼ 2.0%
Debt€16,553▼ 27.9%€17,984▲ 8.6%€15,571▼ 13.4%€18,276▲ 17.4%€17,212▼ 5.8%
Working capital€23,290within the sector's middle half▼ 0.3%€30,365within the sector's middle half▲ 30.4%€43,517within the sector's middle half▲ 43.3%€51,071within the sector's middle half▲ 17.4%€52,689within the sector's middle half▲ 3.2%
Solvency73.4%above the sector's middle half▲ 10.3pp71.8%above the sector's middle half▼ 1.7pp76.9%above the sector's middle half▲ 5.1pp75.0%above the sector's middle half▼ 1.9pp75.9%above the sector's middle half▲ 1.0pp
Current ratio2.41within the sector's middle half▲ 0.122.69within the sector's middle half▲ 0.283.79above the sector's middle half▲ 1.113.79above the sector's middle half=4.06above the sector's middle half▲ 0.27
Return on assets (ROA)10.3%within the sector's middle half▼ 20.8pp-0.1%below the sector's middle half▼ 10.3pp9.0%within the sector's middle half▲ 9.0pp4.1%within the sector's middle half▼ 4.9pp-0.5%below the sector's middle half▼ 4.6pp
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 93% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €71,548
Fixed assets
€1,647 ▼ 54.7%
Current assets
€69,901 ▲ 0.8%
Equity and liabilities €71,548
Equity
€54,336 ▼ 0.7%
Debt
€17,212 ▼ 5.8%
Debt's share of the balance-sheet total falls from 25.0% to 24.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€2,325▼
2024 · €10,170
Cash flow
€1,618▼
2024 · €8,273
Debt to equity
0.32▼
2024 · 0.33
ROE
-0.7%▼
2024 · 5.5%
Interest coverage
10.70▼
2024 · 13.09
Debt ≤ 1 year
€17,212▼
2024 · €18,276
Income taxes
€508▼
2024 · €1,128
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,442 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a small loss
2.1%
went bankrupt
7.3%
stopped otherwise
90%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,442 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €749 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,011 | €7,122 | €7,122 | €5,279 | €1,991 | ▼ 62.3% |
| Other operating charges640/8 | €727 | €1,109 | €1,334 | €996 | €1,513 | ▲ 52.0% |
| Non-recurring operating charges66A | - | €2,222 | - | - | - | - |
| Gross operating margin9900 | €14,928 | €10,909 | €16,668 | €11,166 | €3,838 | ▼ 65.6% |
| Operating profit (loss)9901 | €8,191 | €455 | €8,212 | €4,891 | €334 | ▼ 93.2% |
| Financial income75/76B | €44 | €8 | €8 | €8 | €18 | ▲ 116% |
| Recurring financial income75 | €44 | €8 | €8 | €8 | €18 | ▲ 116% |
| Financial charges65/66B | €217 | €181 | €282 | €777 | €217 | ▼ 72.0% |
| Recurring financial charges65 | €217 | €181 | €282 | €777 | €217 | ▼ 72.0% |
| Profit (loss) for the period before taxes9903 | €8,018 | €282 | €7,939 | €4,122 | €135 | ▼ 96.7% |
| Income taxes67/77 | €1,621 | €330 | €1,908 | €1,128 | €508 | ▼ 55.0% |
| Profit (loss) for the period9904 | €6,397 | -€48 | €6,031 | €2,994 | -€373 | ▼ 112% |
| Profit (loss) for the period to be appropriated9905 | €6,397 | -€48 | €6,031 | €2,994 | -€373 | ▼ 112% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €62,284 | €63,668 | €67,285 | €72,984 | €71,548 | ▼ 2.0% |
| Formation expenses20 | €535 | €325 | €115 | - | - | - |
| Fixed assets21/28 | €21,906 | €14,994 | €8,082 | €3,637 | €1,647 | ▼ 54.7% |
| Tangible fixed assets22/27 | €21,866 | €14,954 | €8,042 | €3,597 | €1,607 | ▼ 55.3% |
| Plant, machinery and equipment23 | €12,345 | €9,173 | €6,002 | €3,597 | €1,607 | ▼ 55.3% |
| Furniture and vehicles24 | €9,521 | €5,781 | €2,041 | - | - | - |
| Financial fixed assets28 | €40 | €40 | €40 | €40 | €40 | = |
| Current assets29/58 | €39,843 | €48,349 | €59,088 | €69,347 | €69,901 | ▲ 0.8% |
| Amounts receivable within one year40/41 | €16,462 | €19,554 | €18,802 | €24,032 | €22,860 | ▼ 4.9% |
| Trade receivables40 | €11,637 | €15,884 | €17,710 | €23,141 | €19,787 | ▼ 14.5% |
| Other amounts receivable41 | €4,825 | €3,670 | €1,092 | €892 | €3,072 | ▲ 245% |
| Cash at bank and in hand54/58 | €22,834 | €27,734 | €39,435 | €43,285 | €43,735 | ▲ 1.0% |
| Deferred charges and accrued income490/1 | €547 | €1,060 | €851 | €2,030 | €3,307 | ▲ 62.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €62,284 | €63,668 | €67,285 | €72,984 | €71,548 | ▼ 2.0% |
| Equity10/15 | €45,732 | €45,684 | €51,714 | €54,708 | €54,336 | ▼ 0.7% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €25,732 | €25,684 | €31,714 | €34,708 | €34,336 | ▼ 1.1% |
| Distributable reserves133 | €25,732 | €25,684 | €31,714 | €34,708 | €34,336 | ▼ 1.1% |
| Amounts payable17/49 | €16,553 | €17,984 | €15,571 | €18,276 | €17,212 | ▼ 5.8% |
| Amounts payable within one year42/48 | €16,553 | €17,984 | €15,571 | €18,276 | €17,212 | ▼ 5.8% |
| Current portion of amounts payable after more than one year42 | €4,745 | - | - | - | - | - |
| Trade debts44 | €6,484 | €11,856 | €10,102 | €10,518 | €3,366 | ▼ 68.0% |
| Suppliers440/4 | €6,484 | €11,856 | €10,102 | €10,518 | €3,366 | ▼ 68.0% |
| Taxes, remuneration and social security45 | €3,046 | €3,018 | €989 | €174 | €4,200 | ▲ 2,313% |
| Taxes450/3 | €3,046 | €3,018 | €989 | €174 | €4,200 | ▲ 2,313% |
| Other amounts payable47/48 | €2,277 | €3,110 | €4,479 | €7,584 | €9,647 | ▲ 27.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,397 | -€48 | €6,031 | €2,994 | -€373 | ▼ 112% |
| + Depreciation and write-downs630 | €6,011 | €7,122 | €7,122 | €5,279 | €1,991 | ▼ 62.3% |
| Operating cash flow (approximation) | €12,408 | €7,074 | €13,153 | €8,273 | €1,618 | ▼ 80.4% |
| Investment in fixed assets (approximation) | - | -€210 | -€210 | -€834 | €0 | ▲ 100% |
| Change in cash | - | €4,900 | €11,701 | €3,850 | €450 | ▼ 88.3% |
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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
31-12
Financial
Weakest financial yearnet -€373
Net result drops to -€373, the lowest in the series.
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €6,031
Net result €6,031 after one loss-making year.
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
01-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Lo-Reninge · 1 establishment unit since 2019
Ground area
8,805 m²
Building footprint
205 m²
Volume, LiDAR
1,306 m³
Parcel 32021C0454/00R000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MC MAES
since 20192.291.375.471
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32021C0454/00R000 | Flanders | 8,805 m² | 1 · 205 m² | 8.8 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 288 EUR awarded · 288 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 288 EUR | 288 EUR |
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Of 980 companies in sector 25401 we hold annual accounts for 407. 303 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
Founded18-07-2019
Fiscal year end31-12
Activities, NACEBEL 2025
25401Forging of metal
43350Other building finishing work
55203Holiday cottages, homes and apartments
E-invoicing
Reachable via Peppol
Peppol ID
0208:0730856594
Also
9925:BE0730856594
Registered
22-05-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.