MCAS
ActiveMCAS has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €78k and a net result of €4k. Equity is growing by ~10.5% per year across the filed fiscal years. Its solvency ranks better than 14% of 7955 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability46▲+8
Solvency31▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity short (current ratio 0.35 against 0.21 in 2024; short-term debt: 21.5% and cash: 1% of total assets), and 94% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
6%
Return on assets
0.3%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 7955 sector peers (2025).
NBB · sector comparisonPosition among 7955 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 10 filingsDeviation from the deadline
2025
27 d late
2024
49 d early
2023
30 d late
2022
3 d early
2021
20 d late
2020
57 d early
2019
on the day
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€78k▲ 5.0%
2024 · €74k
2018: €-8k
2019: €35k
2020: €74k
2021: €74k
2022: €85k
2023: €93k
2024: €74k
2018 → 2025
Total assets
€1.30M▼ 6.4%
2024 · €1.38M
2018: €357k
2019: €372k
2020: €590k
2021: €1.17M
2022: €1.13M
2023: €1.42M
2024: €1.38M
2018 → 2025
Net result
€4k
2024 · €-19k
2018: €-33k
2019: €71k
2020: €67k
2021: €29k
2022: €39k
2023: €36k
2024: €-19k
2018 → 2025
Working capital
€-180k▼ 30.2%
2024 · €-138k
2018: €-76k
2019: €58k
2020: €-31k
2021: €-175k
2022: €-200k
2023: €-190k
2024: €-138k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€74k-€85k▲ 14.1%€93k▲ 9.2%€74k▼ 20.1%€78k▲ 5.0%
Operating result€45k-€69k▲ 54.4%€67k▼ 2.7%€26k▼ 61.5%€63k▲ 146%
Net result€29k-€39k▲ 35.2%€36k▼ 6.9%€-19k€4k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 146% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.30M
Fixed assets
€1.20M▼ 11.1%
Current assets
€99k▲ 164%
Equity and liabilities €1.30M
Equity
€78k▲ 5.0%
Provisions
€6k
Debt
€1.21M▼ 7.5%
The debt ratio falls from 94.6% to 93.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€156k▲
2024 · €112k
Cash flow
€97k▲
2024 · €68k
Solvency
6.0%▲
2024 · 5.4%
Current ratio
0.35▲
2024 · 0.21
Quick ratio
0.33▲
2024 · 0.17
Debt / equity
15.57▼
2024 · 17.67
ROE
4.8%▲
2024 · -25.2%
ROA
0.3%▲
2024 · -1.3%
Interest coverage
3.22▲
2024 · 2.53
Debt
€1.21M▼
2024 · €1.31M
Debt ≤ 1 year
€279k▲
2024 · €176k
Debt > 1 year
€933k▼
2024 · €1.13M
Income taxes
€6k▲
2024 · €266
Staff costs
€58k▲
2024 · €54k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.38M€1.30M▼
Fixed assets21/28€1.35M€1.20M▼
Intangible fixed assets21€10k€9k▼
Tangible fixed assets22/27€1.34M€1.19M▼
Land and buildings22€1.32M€1.16M▼
Plant, machinery and equipment23€15k€18k▲
Furniture and vehicles24€4k€5k▲
Financial fixed assets28€1k€1k=
Current assets29/58€38k€99k▲
Stocks and contracts in progress3€7k€6k▼
Stocks30/36€7k€6k▼
Amounts receivable within one year40/41€26k€80k▲
Trade receivables40€21k€29k▲
Other amounts receivable41€5k€51k▲
Cash at bank and in hand54/58-€12k
Deferred charges and accrued income490/1€4k€658▼
Equity and liabilities
Total equity and liabilities10/49€1.38M€1.30M▼
Equity10/15€74k€78k▲
Contributions10/11€19k€19k=
Reserves13€74k€91k▲
Tax-exempt reserves132-€17k
Distributable reserves133€74k€74k=
Profit (loss) carried forward14€-19k€-32k▼
Provisions and deferred taxes16-€6k
Deferred taxes168-€6k
Amounts payable17/49€1.31M€1.21M▼
Amounts payable after more than one year17€1.13M€933k▼
Financial debts170/4€1.13M€933k▼
Amounts payable within one year42/48€176k€279k▲
Current portion of amounts payable after more than one year42€131k€199k▲
Financial debts43€9k€28k▲
Credit institutions430/8€9k€28k▲
Trade debts44€8k€39k▲
Suppliers440/4€8k€39k▲
Taxes, remuneration and social security45€7k€13k▲
Taxes450/3€4k€8k▲
Remuneration and social security454/9€3k€5k▲
Other amounts payable47/48€20k-
Income statement
Code20242025
Non-recurring operating income76A-€22k
Remuneration, social security and pensions62€54k€58k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€86k€93k▲
Other operating charges640/8€6k€10k▲
Gross operating margin9900€172k€224k▲
Operating profit (loss)9901€26k€63k▲
Financial income75/76B€75€59▼
Recurring financial income75€75€59▼
Financial charges65/66B€44k€48k▲
Recurring financial charges65€44k€48k▲
Profit (loss) for the period before taxes9903€-18k€15k▲
Transfer to deferred taxes680-€6k
Income taxes67/77€266€6k▲
Profit (loss) for the period9904€-19k€4k▲
Transfer to tax-exempt reserves689-€17k
Profit (loss) for the period to be appropriated9905€-19k€-13k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-19k€-32k▼
Profit (loss) brought forward from the previous period14P-€-19k
Social balance
Average headcount (FTE)90872.82.6▼
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
20-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 20 days late
2021
04-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €71k
Net result €71k after one loss-making year.
31-12
Financial
Liquidity times 5current ratio 1.57
Current ratio from 0.32 to 1.57; short-term debt falls from €111k to €101k.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Mortsel · 2 establishment units since 2014
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Hendrik Kuijpersstraat 312640 MortselGround area
343 m²
Building footprint
192 m²
Volume, LiDAR
2,105 m³
2 parcels, Flanders · tallest building 16.0 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
MCAS
since 20142.229.995.554
Wijnbar François
since 20212.312.199.589
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11029A0046/00K003 | Flanders | 224 m² | 1 · 96 m² | 16.0 m · 4 fl. |
| 11313B0905/00R010 | Flanders | 119 m² | 1 · 96 m² | 14.9 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
2024 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.312.199.589
Similar companies · same sector, comparable size
MI-VE
BE 0786.420.669
Kasterlee · Eq €78k
PROSPECTCO
BE 0427.051.903
Antwerpen · Eq €78k
LENOIR
BE 0434.816.356
Mortsel · Eq €78k
TOCO SERVICES
BE 0690.832.713
Kortrijk · Eq €78k
Hemp in a Box
BE 0632.482.758
Herzele · Eq €79k
Of 1,137 companies in sector 46130 we hold annual accounts for 646. 512 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-04-2014
Fiscal year end31-12
Activities, NACEBEL
46130Agents in the wholesale of timber and building materials
56301Cafés and bars
46180Agents specialised in the wholesale of other particular products
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
63920Other information service activities
63990Computing infrastructure, data processing, hosting and other information service activities
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.