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MC2LABS

Active
Private limited companyfounded 2023active for 3 yearsLangveldstraat 28, 3500 Hasselt, BelgiumKBO/BCE: BE 0803.209.191
Summary

MC2LABS has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€28,360) and a net result of -€5,200. Its solvency ranks better than 5% of 13,646 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 1.5% (low).

Overview

Activity
Agents in non-specialised wholesale trade
NACE 46190
1 site
Size
€5,888total assets 2025
Equity
-€28,360
Loss
-€5,200
Turnover not published (micro format)
Financial health
53 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.5%
Structure
2025 accounts 34 days early
Why 53raises riskCapped at 59: negative equityFounded in 2023Negative equity -€28,360lowers riskSize: total assets €5,888Liquidity: current ratio 0.05, cash €1,346, halvedShow the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 14% of its sector peers (NACE 46, micro)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 0=
equity -481.7% of total assets
Liquidity 29-21
short-term debt 581.7% · cash 22.9%
Profitability 0=
return on assets -88.3%
Bankruptcy probability, 12 months
1.5% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,889 companies, NACE 46, micro)
Last 24 months 11-2024: 2.1% 12-2024: 2.4%▲ +0.3 percentage points vs 11-2024 01-2025: 2.4%● unchanged vs 12-2024 02-2025: 2.6%▲ +0.2 percentage points vs 01-2025 03-2025: 2.7%▲ +0.1 percentage points vs 02-2025 04-2025: 2.5%▼ -0.2 percentage points vs 03-2025 05-2025: 2.8%▲ +0.3 percentage points vs 04-2025 06-2025: 2.9%▲ +0.1 percentage points vs 05-2025 07-2025: 2.9%● unchanged vs 06-2025highest value 08-2025: 2.9%● unchanged vs 07-2025highest value 09-2025: 1.0%▼ -1.9 percentage points vs 08-2025 10-2025: 1.0%● unchanged vs 09-2025 11-2025: 1.0%● unchanged vs 10-2025 12-2025: 1.0%● unchanged vs 11-2025 01-2026: 1.0%● unchanged vs 12-2025 02-2026: 1.0%● unchanged vs 01-2026 03-2026: 1.0%● unchanged vs 02-2026lowest value 04-2026: 1.0%● unchanged vs 03-2026lowest value 05-2026: 1.0%● unchanged vs 04-2026 06-2026: 1.0%● unchanged vs 05-2026 07-2026: 1.5%▲ +0.5 percentage points vs 06-2026 08-2026: 1.5%● unchanged vs 07-2026 09-2026: 1.5%● unchanged vs 08-2026 10-2026: 1.5%● unchanged vs 09-2026
No credit on open account
Liquidity insufficient (current ratio 0.05, compared with 0.23 in 2024, below 1; short-term debt: 581.7% and cash: 22.9% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 (NACE 46, micro): better than 6% on solvency, 26% on liquidity, 6% on profitability and 18% on growth.

The bankruptcy probability was computed on 28-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €5,888
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Founded in 2023
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · Negative equity -€28,360
NBB · annual accounts
lowers risk · Liquidity: current ratio 0.05, cash €1,346, halved
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
2425
2024 to 2025 · latest year -€28,360
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-06-2026, 34 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
34 days early
2024
3 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 19 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Where today falls in the filing period
29-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2023.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Resignation: Estelle Dewaleffe (director)Appointment: Koen Ceunen (director) ·…
  3. Annual accounts filedfinancial year 2024 · micro…

Financials · financial year 2025, micro format

Equity
-€28,360▼ 22.5%
2024 · -€23,161
Total assets
€5,888▼ 45.9%
2024 · €10,890
Net result
-€5,200▲ 84.3%
2024 · -€33,161
Working capital
-€32,431▼ 24.3%
2024 · -€26,102
Trend over the years

2024 to 2025, 2 financial years

The operating result stays negative: a loss of €5,075 in 2025 against €33,056 in 2024; the loss shrinks.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€5,075 2025 Net result-€5,200 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20242025
Operating result-€33,056--€5,075▲ 84.6%
Net result-€33,161below the sector's middle half--€5,200below the sector's middle half▲ 84.3%
Equity-€23,161below the sector's middle half--€28,360below the sector's middle half▼ 22.5%
Total assets€10,890below the sector's middle half-€5,888below the sector's middle half▼ 45.9%
Debt€34,050-€34,248▲ 0.6%
Working capital-€26,102below the sector's middle half--€32,431below the sector's middle half▼ 24.3%
Solvency-212.7%below the sector's middle half--481.7%below the sector's middle half▼ 269.0pp
Current ratio0.23below the sector's middle half-0.05below the sector's middle half▼ 0.18
Return on assets (ROA)-304.5%below the sector's middle half--88.3%below the sector's middle half▲ 216.2pp
above within below the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5,888
Fixed assets €4,071 ▲ 38.4%
Current assets €1,817 ▼ 77.1%
Equity and liabilities
Equity-€28,360
Debt€34,248
Equity is negative: debt (€34,248) exceeds the balance-sheet total (€5,888).
Key figures and ratios
2025 value · change against 2024
EBITDA
-€4,080▲
2024 · -€28,597
Cash flow
-€4,205▲
2024 · -€28,702
Interest coverage
-32.60▲
2024 · -202.39
Debt ≤ 1 year
€34,248▲
2024 · €34,050
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 7,639 companies that looked in July 2024 the way this one looks now, 8.8% went bankrupt within 24 months and 84.8% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
8.8% went bankrupt
5.6% stopped otherwise
84.8% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 1.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 7,639 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet Code20242025
Assets
Total assets20/58€10,890€5,888▼
Fixed assets21/28€2,941€4,071▲
Intangible fixed assets21€2,941€2,101▼
Tangible fixed assets22/27-€1,970
Plant, machinery and equipment23-€1,970
Current assets29/58€7,949€1,817▼
Amounts receivable within one year40/41€934€470▼
Other amounts receivable41€934€470▼
Cash at bank and in hand54/58€6,987€1,346▼
Deferred charges and accrued income490/1€27-
Equity and liabilities
Total equity and liabilities10/49€10,890€5,888▼
Equity10/15-€23,161-€28,360▼
Contributions10/11€10,000€10,000=
Profit (loss) carried forward14-€33,161-€38,360▼
Amounts payable17/49€34,050€34,248▲
Amounts payable within one year42/48€34,050€34,248▲
Financial debts43€5-
Credit institutions430/8€5-
Trade debts44€543-
Suppliers440/4€543-
Taxes, remuneration and social security45€4-
Taxes450/3€4-
Other amounts payable47/48€33,498€34,248▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,459€995▼
Other operating charges640/8€834€462▼
Non-recurring operating charges66A€26,656-
Gross operating margin9900-€1,108-€3,618▼
Operating profit (loss)9901-€33,056-€5,075▲
Financial income75/76B€37€0▼
Recurring financial income75€37€0▼
Financial charges65/66B€141€125▼
Recurring financial charges65€141€125▼
Profit (loss) for the period before taxes9903-€33,161-€5,200▲
Profit (loss) for the period9904-€33,161-€5,200▲
Profit (loss) for the period to be appropriated9905-€33,161-€5,200▲
Appropriation of the result
Profit (loss) to be appropriated9906-€33,161-€38,360▼
Profit (loss) brought forward from the previous period14P--€33,161

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,459€995▼ 77.7%
Other operating charges640/8€834€462▼ 44.6%
Non-recurring operating charges66A€26,656--
Gross operating margin9900-€1,108-€3,618▼ 227%
Operating profit (loss)9901-€33,056-€5,075▲ 84.6%
Financial income75/76B€37€0▼ 99.0%
Recurring financial income75€37€0▼ 99.0%
Financial charges65/66B€141€125▼ 11.4%
Recurring financial charges65€141€125▼ 11.4%
Profit (loss) for the period before taxes9903-€33,161-€5,200▲ 84.3%
Profit (loss) for the period9904-€33,161-€5,200▲ 84.3%
Profit (loss) for the period to be appropriated9905-€33,161-€5,200▲ 84.3%
Line20242025Change
Assets
Total assets20/58€10,890€5,888▼ 45.9%
Fixed assets21/28€2,941€4,071▲ 38.4%
Intangible fixed assets21€2,941€2,101▼ 28.6%
Tangible fixed assets22/27-€1,970-
Plant, machinery and equipment23-€1,970-
Current assets29/58€7,949€1,817▼ 77.1%
Amounts receivable within one year40/41€934€470▼ 49.7%
Other amounts receivable41€934€470▼ 49.7%
Cash at bank and in hand54/58€6,987€1,346▼ 80.7%
Deferred charges and accrued income490/1€27--
Equity and liabilities
Total equity and liabilities10/49€10,890€5,888▼ 45.9%
Equity10/15-€23,161-€28,360▼ 22.5%
Contributions10/11€10,000€10,000=
Profit (loss) carried forward14-€33,161-€38,360▼ 15.7%
Amounts payable17/49€34,050€34,248▲ 0.6%
Amounts payable within one year42/48€34,050€34,248▲ 0.6%
Financial debts43€5--
Credit institutions430/8€5--
Trade debts44€543--
Suppliers440/4€543--
Taxes, remuneration and social security45€4--
Taxes450/3€4--
Other amounts payable47/48€33,498€34,248▲ 2.2%
Line20242025Change
Profit (loss) for the period9904-€33,161-€5,200▲ 84.3%
+ Depreciation and write-downs630€4,459€995▼ 77.7%
Operating cash flow (approximation)-€28,702-€4,205▲ 85.3%
Investment in fixed assets (approximation)--€2,125-
Change in cash--€5,641-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (2)
Financial year Type Filed Reference
31-12-2025 micro format 27-06-2026 2026-00247527
31-12-2024 micro format 28-07-2025 2025-00354410

Similar companies · same sector and region

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 the 5,989 active companies whose main activity is agents in non-specialised wholesale trade (NACE 46190), figures are known for 2,612. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
1 director, no change since 2026
Koen Ceunen
Director (not named in the articles) · since 01-03-2026
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →

Mandate history

2 people since 2023, 1 in office
Show
  • Board
Mandates per person, with start and end dates
Name Functions and periods
Koen Ceunen
  • Director (not named in the articles), from 01-03-2026 to date
DEWALEFFE Estelle Marie Lutgarde
  • Director, from 29-06-2023 to 01-03-2026
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Shareholders according to the deeds
At incorporation act of 29-06-2023 ↗

The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 29-06-2023 Incorporation · €10,000 · 1,000 shares

Group and network

Connections & network

1 current director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

MC2LABS was incorporated on 27 June 2023 as a private limited company by four natural persons, with a starting capital of €10,000.12 Since 2026, Koen Ceunen has served as director of the company.3 The company has filed 2 sets of annual accounts, the latest for financial year 2025.4

  1. 1KBO register
  2. 2Belgian Official Gazette, 29-06-2023
  3. 3Belgian Official Gazette, 01-04-2026
  4. 4National Bank, annual accounts 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
27-06
NBB filing Annual accounts filed
financial year 2025 · micro format
01-04
Gazette deed Resignation: Estelle Dewaleffe (director)
Appointment: Koen Ceunen (director) · Director discharge4 facts ▸
  • General meeting, 28-02-2026
  • Director resignation, Estelle Dewaleffe (director (not named in the articles))
  • Director discharge, Estelle Dewaleffe
  • Director appointment, Koen Ceunen (director (not named in the articles))
2025
28-07
NBB filing Annual accounts filed
financial year 2024 · micro format
2023
29-06
Gazette deed Incorporation
Appointment: DEWALEFFE Estelle Marie Lutgarde (director) · Founder · Founding capital14 facts ▸
  • Incorporation, “MC2LABS” (deed in Dutch)
  • Founder, DEWALEFFE Estelle Marie Lutgarde
  • Founder, KOVAC Danny Patrick
  • Founder, CLAASSEN Sara
  • Founder, MANFREDI Fabrizio
  • Founding capital, €10,000
  • Other provision, “financieel plan, overhandigd aan notaris door oprichters” (deed in Dutch)
  • Other provision, “bevestiging deponering stortingen, Wetboek van vennootschappen en verenigingen” (deed in Dutch)
  • Other provision, “uitwerking slot- en overgangsbepalingen, eenparig door comparanten” (deed in Dutch)
  • Registered office clause, “3500 Hasselt,Langveldstraat 28” (deed in Dutch)
  • Board rule, 1
  • Director appointment, DEWALEFFE Estelle Marie Lutgarde (director)
  • +2 further facts in this act
Gazette deedNBB filing
2 of 2 deeds read

Register details

Identification
Legal formPrivate limited company
Founded27-06-2023
Financial year end31-12
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID 0208:0803209191
Also 9925:BE0803209191
Registered 06-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Hasselt · 1 establishment unit since 2023
registered office establishment The establishment unit on the map
Ground area
1,183 m²
Building footprint
122 m²
Building volume
792 m³
Parcel 71328D0321/00L006, Flanders · tallest building 8.7 m. Linked by address, not a title deed.
1 establishment unit
MC2LABS
Langveldstraat 28, 3500 HasseltAgents in non-specialised wholesale trade
since 2023unit no. 2.346.506.412
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
71328D0321/00L006 Flanders 1,183 m² 1 · 122 m² 8.7 m · 2
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

What the company does

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
MC2LABS
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaams Gewest, administratieve zetels, agentschappen, werkhuizen, stapelplaatsen en bijkantoren in België of buitenland bij enkel besluit…” (deed in Dutch)

deed of 29-06-2023

Who represents it, and how

Board ruleHow the board is made up, meets and takes decisions.
“Bestuursorgaan, eerstvolgende algemene vergadering moet mandaat bevestigen” (deed in Dutch)

deed of 29-06-2023

Capital, shares and profit

Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
“Helft overdrager en helft koper(s) naar evenredigheid aantal aandelen, nietigheid” (deed in Dutch)

deed of 29-06-2023

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
Second Tuesday of June at 19:00

deed of 29-06-2023

Oversight and winding up

Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
No statutory auditor
Dissolution ruleWhen and by whom the company can be dissolved.
One provision in the deed
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
“Indien geen andere vereffenaar benoemd, bestuurder(s) in functie krachtens statuten” (deed in Dutch)

deed of 29-06-2023

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Vergoeding van de bestuurders, ten kosteloze titel” (deed in Dutch)
Other provision: “Controle van de vennootschap, één of meerdere commissarissen” (deed in Dutch)
Other provision: “Schriftelijke algemene vergadering, alle besluiten tot bevoegdheid algemene vergadering binnen wettelijke grenzen” (deed in Dutch)
Other provision: “Toegang tot de algemene vergadering, rechten mogen niet geschorst zijn” (deed in Dutch)
Other provision: “Zittingen – Processen-verbaal, door voorzitter aangeduid niet noodzakelijk aandeelhouder” (deed in Dutch)
Other provision: “Beraadslagingen, meerderheid van stemmen ongeacht vertegenwoordigd aantal behoudens wet of statuten” (deed in Dutch)
Other provision: “Bestuursorgaan, verdaging algemene vergadering” (deed in Dutch)
Other provision: “Wetboek van vennootschappen en verenigingen, bevoegdheden algemene vergadering” (deed in Dutch)
Other provision: “Bestemming winst-reserves-interimdividend, algemene vergadering op voorstel bestuursorgaan” (deed in Dutch)
Liquidation distribution: “Na aanzuivering schulden lasten kosten of consignatie en na evenwicht bij niet-volgestorte aandelen door bijkomende volstorting of…” (deed in Dutch)
Other provision: “In buitenland wonende aandeelhouder bestuurder commissaris vereffenaar obligatiehouder, woonstkeuze” (deed in Dutch)
Other provision: “Gerechtelijke bevoegdheid, rechtbank in wiens rechtsgebied zetel gevestigd” (deed in Dutch)
Other provision: “Gemeen recht, bepalingen WVV waarvan niet geldig afgeweken” (deed in Dutch)
Other provision: “Stortingsplicht” (deed in Dutch)
Other provision: “Op naam, Aard van de aandelen” (deed in Dutch)
Other provision: “Op naam, Aard van de andere effecten” (deed in Dutch)
Other provision: “Ondeelbaarheid van de effecten, verdeling van aandelen of afgifte van legaten” (deed in Dutch)
4 more provisions in the deed, see the deed of 29-06-2023

deed of 29-06-2023