MC Stables
ActiveSummary
MC Stables has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-739k) and a net result of €-300k. Equity is shrinking by ~65.4% per year across the filed fiscal years. Its solvency ranks better than 13% of 2318 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record94
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 7.28 against 0.38 in 2024; short-term debt: 8.8% and cash: 0.2% of total assets), but equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer 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
-71.4%
Return on assets
-29%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year €-739k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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 · 3 filingsDeviation from the deadline
2025
24 d late
2024
20 d late
2023
26 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
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Equity
€-739k▼ 68.3%
2024 · €-439k
Total assets
€1.03M▲ 85.8%
2024 · €557k
Net result
€-300k▼ 9.1%
2024 · €-275k
Working capital
€574k
2024 · €-36k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€-179k-€-270k▼ 51.0%€-296k▼ 9.5%
Net result€-184k-€-275k▼ 49.0%€-300k▼ 9.1%
Equity€-164k-€-439k▼ 167%€-739k▼ 68.3%
Total assets€598k-€557k▼ 6.9%€1.03M▲ 85.8%
Debt€762k-€996k▲ 30.6%€1.77M▲ 78.1%
Working capital€-44k-€-36k▲ 17.8%€574k
Staff (FTE)0.3-1.1▲ 267%1.7▲ 54.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €296k in 2025 against €270k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.03M
Fixed assets
€369k ▼ 31.0%
Current assets
€665k ▲ 2,974%
Key figures and ratios
EBITDA
€-238k▼
2024 · €-199k
Cash flow
€-242k▼
2024 · €-203k
Solvency
-71.4%▲
2024 · -78.8%
Current ratio
7.28▲
2024 · 0.38
Quick ratio
3.69▲
2024 · 0.38
Debt to equity
-2.40▼
2024 · -2.27
ROA
-29.0%▲
2024 · -49.3%
Interest coverage
-56.55▼
2024 · -42.85
Debt ≤ 1 year
€91k▲
2024 · €57k
Debt > 1 year
€1.68M▲
2024 · €938k
Staff costs
€54k▲
2024 · €44k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | €5k | €553 | €10k | ▲ 1,635% |
| Remuneration, social security and pensions62 | €6k | €44k | €54k | ▲ 23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €62k | €71k | €57k | ▼ 19.6% |
| Other operating charges640/8 | €410 | €1k | €10k | ▲ 626% |
| Gross operating margin9900 | €-110k | €-153k | €-174k | ▼ 13.5% |
| Operating profit (loss)9901 | €-179k | €-270k | €-296k | ▼ 9.5% |
| Financial income75/76B | €52 | €0 | €41 | - |
| Recurring financial income75 | €52 | €0 | €41 | - |
| Financial charges65/66B | €6k | €5k | €4k | ▼ 9.2% |
| Recurring financial charges65 | €6k | €5k | €4k | ▼ 9.2% |
| Profit (loss) for the period before taxes9903 | €-184k | €-275k | €-300k | ▼ 9.1% |
| Profit (loss) for the period9904 | €-184k | €-275k | €-300k | ▼ 9.1% |
| Profit (loss) for the period to be appropriated9905 | €-184k | €-275k | €-300k | ▼ 9.1% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €598k | €557k | €1.03M | ▲ 85.8% |
| Fixed assets21/28 | €533k | €535k | €369k | ▼ 31.0% |
| Intangible fixed assets21 | €367k | €325k | €284k | ▼ 12.8% |
| Tangible fixed assets22/27 | €167k | €210k | €86k | ▼ 59.2% |
| Plant, machinery and equipment23 | €11k | €37k | €29k | ▼ 20.5% |
| Furniture and vehicles24 | €45k | €58k | €13k | ▼ 78.0% |
| Other tangible fixed assets26 | €111k | €115k | €44k | ▼ 62.2% |
| Current assets29/58 | €65k | €22k | €665k | ▲ 2,974% |
| Stocks and contracts in progress3 | - | - | €328k | - |
| Stocks30/36 | - | - | €328k | - |
| Amounts receivable within one year40/41 | €18k | €3k | €331k | ▲ 12,602% |
| Trade receivables40 | €17k | €721 | €321k | ▲ 44,456% |
| Other amounts receivable41 | €221 | €2k | €10k | ▲ 409% |
| Cash at bank and in hand54/58 | €43k | €19k | €2k | ▼ 90.3% |
| Deferred charges and accrued income490/1 | €4k | €0 | €5k | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €598k | €557k | €1.03M | ▲ 85.8% |
| Equity10/15 | €-164k | €-439k | €-739k | ▼ 68.3% |
| Contributions10/11 | €20k | €20k | €20k | = |
| Profit (loss) carried forward14 | €-184k | €-459k | €-759k | ▼ 65.3% |
| Amounts payable17/49 | €762k | €996k | €1.77M | ▲ 78.1% |
| Amounts payable after more than one year17 | €653k | €938k | €1.68M | ▲ 79.3% |
| Financial debts170/4 | €653k | €938k | €1.68M | ▲ 79.3% |
| Amounts payable within one year42/48 | €108k | €57k | €91k | ▲ 59.2% |
| Current portion of amounts payable after more than one year42 | €20k | €21k | €21k | ▲ 3.7% |
| Trade debts44 | €49k | €22k | €19k | ▼ 14.6% |
| Suppliers440/4 | €49k | €22k | €19k | ▼ 14.6% |
| Taxes, remuneration and social security45 | €9k | €13k | €9k | ▼ 33.0% |
| Taxes450/3 | €5k | €2k | - | - |
| Remuneration and social security454/9 | €4k | €11k | €9k | ▼ 18.5% |
| Other amounts payable47/48 | €30k | €2k | €42k | ▲ 2,691% |
| Accrued charges and deferred income492/3 | €780 | €384 | €384 | = |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-184k | €-275k | €-300k | ▼ 9.1% |
| + Depreciation and write-downs630 | €62k | €71k | €57k | ▼ 19.6% |
| Operating cash flow (approximation) | €-122k | €-203k | €-242k | ▼ 19.2% |
| Investment in fixed assets (approximation) | - | €-73k | €109k | ▲ 248% |
| Change in cash | - | €-24k | €-17k | ▲ 28.5% |
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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
31-12
Financial
Weakest financial yearnet €-300k
Net result drops to €-300k, the lowest in the series.
31-12
Financial
Liquidity times 19current ratio 7.28
Current ratio from 0.38 to 7.28.
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
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, Nivelles · 1 establishment unit since 2022
Ground area
2.5 ha
Building footprint
2,603 m²
Volume, LiDAR
22,825 m³
Parcel 25072B0050/00F000, Wallonia · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
MC Stables
since 20222.337.538.167
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25072B0050/00F000 | Wallonia | 2.5 ha | 1 · 2,603 m² | 12.1 m · 3 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 3,879 companies in sector 93199 we hold annual accounts for 606. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-10-2022
Fiscal year end31-12
Activities, NACEBEL 2025
93127Equestrian clubs
93199Other sports activities
01430Raising of horses and other equines
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
Scores and ratios are computed by Checked and are not a credit decision.