MC2
ActiveSummary
MC2 has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €6,561. Equity has been stable since 2020 (±1.6% per year). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 30-12-2019 Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.299.513.870 2390 Malle, since 30-12-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 19-01-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- €168,797
- ▼ 24.3%
- Turnover
- ≈ €420,000
- estimated
- Profit
- €6,561
- ▼ 88.8%
- Equity
- €1.1m
- ▲ 0.6%
- Total assets
- €2.8m
- ▼ 1.9%
Score breakdownraises risk1 change of registered office in 24 monthslowers riskSize: total assets €2.8mFigures for financial year 2025 (filed on 04-08-2026)No main activity registeredShow the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 (no NACE code, small). It does better than 39% of them on solvency, 53% on liquidity, 45% on profitability and 51% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 6 accounts on average 1 day after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 30-07-2026 at the NBB all 6 filings
Every figure per financial year
The operating result for 2025 is 41% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €27,500 | €27,500 | €27,500 | €27,500 | €27,500 |
| Carrying value of the mortgaged assets | €742,103 | €731,186 | €705,713 | €687,732 | €1.6m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €9,572 | €4,839 | €82,873 | €897,973 | €17,601 |
| Depreciation and write-downs of the year | €113,838 | €111,408 | €85,082 | €84,357 | €83,396 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €138,068 | €113,838 | €111,408 | €85,082 | €84,357 | €83,396 | ▼ 1.1% |
| Other operating charges640/8 | €13,133 | €11,877 | €16,064 | €31,881 | €20,031 | €14,915 | ▼ 25.5% |
| Gross operating margin9900 | €167,881 | €172,868 | €180,301 | €155,364 | €223,123 | €168,797 | ▼ 24.3% |
| Operating profit (loss)9901 | €16,680 | €47,153 | €52,828 | €38,401 | €118,735 | €70,487 | ▼ 40.6% |
| Financial income75/76B | €5,268 | €2,088 | €1,009 | €485 | €379 | €288 | ▼ 23.9% |
| Recurring financial income75 | €5,268 | €2,088 | €1,009 | €485 | €379 | €288 | ▼ 23.9% |
| Financial charges65/66B | €36,801 | €21,622 | €22,384 | €22,709 | €39,417 | €58,190 | ▲ 47.6% |
| Recurring financial charges65 | €36,801 | €21,622 | €22,384 | €22,709 | €39,417 | €58,190 | ▲ 47.6% |
| Profit (loss) for the period before taxes9903 | -€14,853 | €27,620 | €31,454 | €16,177 | €79,696 | €12,585 | ▼ 84.2% |
| Transfer from deferred taxes780 | €6,032 | €3,981 | €3,981 | €3,981 | €3,981 | €4,001 | ▲ 0.5% |
| Transfer to deferred taxes680 | €1,879 | €0 | - | - | €19,211 | €0 | ▼ 100% |
| Income taxes67/77 | €3,144 | €13,595 | €14,751 | €11,222 | €6,126 | €10,025 | ▲ 63.6% |
| Profit (loss) for the period9904 | -€13,844 | €18,006 | €20,684 | €8,936 | €58,340 | €6,561 | ▼ 88.8% |
| Transfer from tax-exempt reserves789 | €14,360 | €11,943 | €11,943 | €11,943 | €11,943 | €12,002 | ▲ 0.5% |
| Transfer to tax-exempt reserves689 | - | - | - | - | €57,632 | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €516 | €29,949 | €32,627 | €20,879 | €12,652 | €18,563 | ▲ 46.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €2.8m | €2.4m | €2.1m | €2.0m | €2.8m | €2.8m | ▼ 1.9% |
| Fixed assets21/28 | €2.2m | €2.1m | €2.0m | €2.0m | €2.7m | €2.7m | ▼ 2.4% |
| Tangible fixed assets22/27 | €2.2m | €2.1m | €2.0m | €2.0m | €2.7m | €2.7m | ▼ 2.4% |
| Land and buildings22 | €2.2m | €2.1m | €2.0m | €2.0m | €1.8m | €1.8m | ▼ 3.8% |
| Furniture and vehicles24 | - | - | - | €0.001m | €0.001m | €311 | ▼ 58.8% |
| Assets under construction and advance payments27 | - | - | - | - | €0.9m | €0.9m | ▲ 0.4% |
| Current assets29/58 | €0.6m | €0.3m | €0.1m | €0.05m | €0.09m | €0.1m | ▲ 11.6% |
| Amounts receivable after more than one year29 | €0.2m | €0.2m | €0 | - | - | - | - |
| Other amounts receivable291 | €0.2m | €0.2m | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €0.3m | €0.03m | €0.03m | €0.03m | €0.005m | €0.01m | ▲ 90.5% |
| Trade receivables40 | - | - | - | €0.001m | €0 | - | - |
| Other amounts receivable41 | €0.3m | €0.03m | €0.03m | €0.03m | €0.005m | €0.01m | ▲ 90.5% |
| Current investments50/53 | €135 | €135 | €135 | €135 | €135 | €135 | = |
| Cash at bank and in hand54/58 | €0.2m | €0.06m | €0.1m | €0.02m | €0.08m | €0.09m | ▲ 9.1% |
| Deferred charges and accrued income490/1 | €405 | €0.004m | €0.003m | €0.002m | €0.005m | €0.004m | ▼ 29.6% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €2.8m | €2.4m | €2.1m | €2.0m | €2.8m | €2.8m | ▼ 1.9% |
| Equity10/15 | €1.2m | €1.0m | €1.0m | €1.0m | €1.1m | €1.1m | ▲ 0.6% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.8m | €0.6m | €0.6m | €0.6m | €0.7m | €1.0m | ▲ 49.5% |
| Non-distributable reserves130/1 | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Reserves not available under the articles1311 | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Tax-exempt reserves132 | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | €0.2m | ▼ 4.7% |
| Distributable reserves133 | €0.5m | €0.3m | €0.4m | €0.4m | €0.4m | €0.7m | ▲ 88.0% |
| Profit (loss) carried forward14 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0 | ▼ 100% |
| Provisions and deferred taxes16 | €0.08m | €0.08m | €0.07m | €0.07m | €0.09m | €0.08m | ▼ 4.7% |
| Deferred taxes168 | €0.08m | €0.08m | €0.07m | €0.07m | €0.09m | €0.08m | ▼ 4.7% |
| Amounts payable17/49 | €1.6m | €1.3m | €1.0m | €0.9m | €1.7m | €1.6m | ▼ 3.5% |
| Amounts payable after more than one year17 | €0.9m | €0.8m | €0.8m | €0.7m | €1.4m | €1.1m | ▼ 18.1% |
| Financial debts170/4 | €0.9m | €0.8m | €0.7m | €0.6m | €1.3m | €1.0m | ▼ 19.9% |
| Other amounts payable178/9 | - | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Amounts payable within one year42/48 | €0.7m | €0.5m | €0.2m | €0.2m | €0.2m | €0.4m | ▲ 77.6% |
| Current portion of amounts payable after more than one year42 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.3m | ▲ 144% |
| Trade debts44 | €172 | €0.01m | €0.009m | €0.001m | €0.002m | €0.007m | ▲ 287% |
| Suppliers440/4 | €172 | €0.01m | €0.009m | €0.001m | €0.002m | €0.007m | ▲ 287% |
| Taxes, remuneration and social security45 | - | €0.01m | €0.03m | €0.02m | €0.005m | €0.005m | ▼ 4.7% |
| Taxes450/3 | - | €0.01m | €0.03m | €0.02m | €0.005m | €0.005m | ▼ 4.7% |
| Other amounts payable47/48 | €0.6m | €0.4m | €0.07m | €0.1m | €0.1m | €0.2m | ▲ 28.1% |
| Accrued charges and deferred income492/3 | €0.03m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 10.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,844 | €18,006 | €20,684 | €8,936 | €58,340 | €6,561 | ▼ 88.8% |
| + Depreciation and write-downs630 | €138,068 | €113,838 | €111,408 | €85,082 | €84,357 | €83,396 | ▼ 1.1% |
| Operating cash flow (approximation) | €124,224 | €131,844 | €132,092 | €94,017 | €142,697 | €89,956 | ▼ 37.0% |
| Investment in fixed assets (approximation) | - | -€9,573 | -€4,839 | -€82,873 | -€824,816 | -€17,601 | ▲ 97.9% |
| Change in cash | - | -€107,489 | €36,975 | -€78,901 | €62,642 | €7,672 | ▼ 87.8% |
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, 1,639 companies had the same profile as MC2 has now. Two years later, 95.5% were still going and 0.5% had gone bankrupt.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MC2 itself: 0.2% within 12 months.
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 1,639 companies, not a prediction for MC2. 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 | 30-07-2026 | 2026-00379432 | |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00477429 | |
| 31-12-2023 | micro format | 22-07-2024 | 2024-00269655 | |
| 31-12-2022 | micro format | 07-07-2023 | 2023-00221496 | |
| 31-12-2021 | micro format | 08-07-2022 | 2022-20163996 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-62900249 |
Board & ownership
Directors
Owners and capital
Owners
Network & group
MC2 shares no director with another company.
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of MC2. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
24-02
Gazette deed
Registered office moved from Schilde to WestmalleNew seat: 2390 Westmalle (Malle), Hallebaan 140 · Previous seat: Kasteeldreef 86, 2970 Schilde · Power of attorney5 points ▸
- Board meeting, 19-01-2026
- Registered-office move, 2390 Westmalle (Malle), Hallebaan 140
- Power of attorney, VGD Accountants en Belastingconsulenten
- Power of attorney, Julie SLEGERS
- Power of attorney, Neelke DE VRIENDT
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- Kasteeldreef 86, 2970 Schilde until 19-01-2026 · act of 24-02-2026
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11049B0541/00S000 | Flanders | 8,638 m² | 1 · 331 m² | 6.1 m · 1 |