MC SOFT
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-06-2026 at the NBB all 6 filings
Turnover
≈ €120,000
Estimated: probably between €110,000 and €160,000
Total assets
€82,168▼ 24.6%
2024 · €108,967
Net result
€39,276▼ 2.4%
2024 · €40,254
Working capital
-€21,288▲ 35.1%
2024 · -€32,816
Multi-year overview
2020 to 2025, 6 financial yearsOperating result
€49,827
▼ 3.4%
2025
20202025
Net result
€39,276
▼ 2.4%
2025
middle half of the sector
20202025
Equity
€2,000
=
2025
lowest quarter of the sector
20202025
Total assets
€82,168
▼ 24.6%
2025
middle half of the sector
20202025
Debt
€80,168
▼ 25.1%
2025
20202025
Working capital
-€21,288
▲ 35.1%
2025
lowest quarter of the sector
20202025
Solvency
2.4%
▲ 0.6pp
2025
lowest quarter of the sector
20202025
Current ratio
0.73
▲ 0.04
2025
lowest quarter of the sector
20202025
Return on assets (ROA)
47.8%
▲ 10.9pp
2025
highest quarter of the sector
20202025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Operating result€19,465-€25,229▲ 29.6%€18,962▼ 24.8%€55,598▲ 193%€51,577▼ 7.2%€49,827▼ 3.4%
Net result€16,297within the sector's middle half-€24,739within the sector's middle half▲ 51.8%€10,568within the sector's middle half▼ 57.3%€37,246within the sector's middle half▲ 252%€40,254within the sector's middle half▲ 8.1%€39,276within the sector's middle half▼ 2.4%
Equity€18,297below the sector's middle half-€43,036within the sector's middle half▲ 135%€53,604within the sector's middle half▲ 24.6%€53,603within the sector's middle half=€2,000below the sector's middle half▼ 96.3%€2,000below the sector's middle half=
Total assets€62,914below the sector's middle half-€80,891within the sector's middle half▲ 28.6%€79,043within the sector's middle half▼ 2.3%€146,377within the sector's middle half▲ 85.2%€108,967within the sector's middle half▼ 25.6%€82,168within the sector's middle half▼ 24.6%
Debt€44,617-€37,855▼ 15.2%€25,439▼ 32.8%€92,774▲ 265%€106,967▲ 15.3%€80,168▼ 25.1%
Working capital€6,869below the sector's middle half-€30,856within the sector's middle half▲ 349%€51,105within the sector's middle half▲ 65.6%€22,664within the sector's middle half▼ 55.7%-€32,816below the sector's middle half-€21,288below the sector's middle half▲ 35.1%
Solvency29.1%below the sector's middle half-53.2%within the sector's middle half▲ 24.1pp67.8%within the sector's middle half▲ 14.6pp36.6%within the sector's middle half▼ 31.2pp1.8%below the sector's middle half▼ 34.8pp2.4%below the sector's middle half▲ 0.6pp
Current ratio1.21below the sector's middle half-1.82within the sector's middle half▲ 0.613.01within the sector's middle half▲ 1.191.28below the sector's middle half▼ 1.730.69below the sector's middle half▼ 0.590.73below the sector's middle half▲ 0.04
Return on assets (ROA)25.9%within the sector's middle half-30.6%above the sector's middle half▲ 4.7pp13.4%within the sector's middle half▼ 17.2pp25.4%within the sector's middle half▲ 12.1pp36.9%above the sector's middle half▲ 11.5pp47.8%above the sector's middle half▲ 10.9pp
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 3% lower than in 2024. It is the second fall in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €82,168
Fixed assets
€23,288 ▼ 34.9%
Current assets
€58,880 ▼ 19.5%
Equity and liabilities €82,168
Equity
€2,000 =
Debt
€80,168 ▼ 25.1%
Debt's share of the balance-sheet total falls from 98.2% to 97.6%. Debt is lower.
Key figures and ratios
EBITDA
€62,318▼
2024 · €64,641
Cash flow
€51,768▼
2024 · €53,318
Debt to equity
40.08▼
2024 · 53.48
Interest coverage
over 100▲
2024 · 88.07
Debt ≤ 1 year
€80,168▼
2024 · €106,003
Income taxes
€10,216▼
2024 · €10,589
A ratio outside any meaningful range has been withheld (balance sheet total €82,168, equity €2,000).
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €4,209 | €1,948 | - | €5,317 | - |
| Depreciation and write-downs of the year | €14,844 | €11,629 | €13,143 | €13,063 | €12,492 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €27,149 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,294 | €14,844 | €11,629 | €13,143 | €13,063 | €12,492 | ▼ 4.4% |
| Other operating charges640/8 | - | €769 | €1,066 | €2,526 | €824 | €847 | ▲ 2.8% |
| Non-recurring operating charges66A | - | €430 | €597 | - | - | - | - |
| Gross operating margin9900 | €38,929 | €41,272 | €32,254 | €71,267 | €65,465 | €63,165 | ▼ 3.5% |
| Operating profit (loss)9901 | €19,465 | €25,229 | €18,962 | €55,598 | €51,577 | €49,827 | ▼ 3.4% |
| Financial income75/76B | - | - | - | - | €0 | - | - |
| Recurring financial income75 | - | - | - | - | €0 | - | - |
| Financial charges65/66B | - | €490 | €204 | €1,064 | €734 | €335 | ▼ 54.4% |
| Recurring financial charges65 | €668 | €435 | €204 | €1,064 | €734 | €335 | ▼ 54.4% |
| Non-recurring financial charges66B | - | €55 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €18,797 | €24,739 | €18,758 | €54,534 | €50,843 | €49,492 | ▼ 2.7% |
| Income taxes67/77 | €2,500 | - | €8,190 | €17,288 | €10,589 | €10,216 | ▼ 3.5% |
| Profit (loss) for the period9904 | €16,297 | €24,739 | €10,568 | €37,246 | €40,254 | €39,276 | ▼ 2.4% |
| Profit (loss) for the period to be appropriated9905 | €16,297 | €24,739 | €10,568 | €37,246 | €40,254 | €39,276 | ▼ 2.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €62,914 | €80,891 | €79,043 | €146,377 | €108,967 | €82,168 | ▼ 24.6% |
| Fixed assets21/28 | €22,815 | €12,180 | €2,499 | €43,526 | €35,780 | €23,288 | ▼ 34.9% |
| Tangible fixed assets22/27 | €22,815 | €12,180 | €2,499 | €43,526 | €35,780 | €23,288 | ▼ 34.9% |
| Plant, machinery and equipment23 | - | €661 | €1,299 | €649 | €3,622 | €1,850 | ▼ 48.9% |
| Furniture and vehicles24 | - | €11,519 | €1,200 | €42,877 | €32,158 | €21,439 | ▼ 33.3% |
| Current assets29/58 | €40,099 | €68,711 | €76,544 | €102,851 | €73,187 | €58,880 | ▼ 19.5% |
| Amounts receivable within one year40/41 | €11,011 | €13,649 | €11,495 | €10,649 | €9,983 | €12,645 | ▲ 26.7% |
| Trade receivables40 | - | €13,649 | €11,495 | €10,649 | €9,983 | €12,645 | ▲ 26.7% |
| Cash at bank and in hand54/58 | €29,088 | €55,062 | €65,049 | €92,202 | €61,162 | €44,045 | ▼ 28.0% |
| Deferred charges and accrued income490/1 | - | - | - | - | €2,042 | €2,190 | ▲ 7.2% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €62,914 | €80,891 | €79,043 | €146,377 | €108,967 | €82,168 | ▼ 24.6% |
| Equity10/15 | €18,297 | €43,036 | €53,604 | €53,603 | €2,000 | €2,000 | = |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Capital10 | - | €2,000 | €2,000 | €2,000 | - | - | - |
| Issued capital100 | - | €2,000 | €2,000 | €2,000 | - | - | - |
| Profit (loss) carried forward14 | €16,297 | €41,036 | €51,604 | €51,603 | - | - | - |
| Amounts payable17/49 | €44,617 | €37,855 | €25,439 | €92,774 | €106,967 | €80,168 | ▼ 25.1% |
| Amounts payable after more than one year17 | €11,373 | - | - | €12,587 | €964 | - | - |
| Financial debts170/4 | - | - | - | €12,587 | €964 | - | - |
| Amounts payable within one year42/48 | €33,230 | €37,855 | €25,439 | €80,187 | €106,003 | €80,168 | ▼ 24.4% |
| Current portion of amounts payable after more than one year42 | - | €11,374 | - | €10,694 | €11,353 | €964 | ▼ 91.5% |
| Trade debts44 | €15,742 | €17,689 | €16,238 | €18,744 | €2,698 | €1,177 | ▼ 56.4% |
| Suppliers440/4 | - | €17,689 | €16,238 | €18,744 | €2,698 | €1,177 | ▼ 56.4% |
| Taxes, remuneration and social security45 | - | €8,642 | €8,658 | €18,761 | €13,270 | €9,823 | ▼ 26.0% |
| Taxes450/3 | - | €8,642 | €8,658 | €18,761 | €13,270 | €9,823 | ▼ 26.0% |
| Other amounts payable47/48 | - | €150 | €543 | €31,988 | €78,682 | €68,204 | ▼ 13.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,297 | €24,739 | €10,568 | €37,246 | €40,254 | €39,276 | ▼ 2.4% |
| + Depreciation and write-downs630 | €16,294 | €14,844 | €11,629 | €13,143 | €13,063 | €12,492 | ▼ 4.4% |
| Operating cash flow (approximation) | €32,591 | €39,583 | €22,197 | €50,389 | €53,318 | €51,768 | ▼ 2.9% |
| Investment in fixed assets (approximation) | - | -€4,209 | -€1,948 | -€54,170 | -€5,317 | €0 | - |
| Change in cash | - | €25,974 | €9,987 | €27,153 | -€31,040 | -€17,117 | ▲ 44.9% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,153 companies had the same profile as MC SOFT has now. Two years later, 96.1% were still going and 1.7% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
96.1%
was still going
2.2%
stopped otherwise
1.7%
went bankrupt
The bankruptcy probability of MC SOFT itself is lower: 0.1% within 12 months. It rests on far more data about MC SOFT than the profile alone.
Test of the method
The method was tested on the 497,446 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 2,153 companies, not a prediction for MC SOFT. 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.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-06-2026 | 2026-00226879 | |
| 31-12-2024 | micro format | 23-05-2025 | 2025-00103662 | |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00419777 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00433807 | |
| 31-12-2021 | micro format | 30-09-2022 | 2022-20448456 | |
| 31-12-2020 | micro format | 30-09-2021 | 2021-70600421 |