MCC
MCC has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €262k and a net result of €-13k. Equity is shrinking by ~10.4% per year across the filed fiscal years. Its solvency ranks better than 65% of 8977 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
| Equity | €262k |
| Net result | €-13k |
| Better than sector | 65% |
| Active | 27 yrs |
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 69.1% | 55.2% | |
| Net result | €-13k | €14k | |
| Equity | €262k | €63k | |
| Gross operating margin | €53k | €35k | |
| Total assets | €379k | €138k |
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €28k | €-4k | €3k | €-4k |
| Net profit | €-13k | €-46k | €-39k | €-45k |
| Cash flow | €26k | €-7k | €-552 | €-7k |
| Staff costs | - | - | - | - |
| Income taxes | €497 | €511 | €587 | €394 |
| Dividends | - | - | - | €67k |
| Total assets | €379k | €421k | €477k | €520k |
| Equity | €262k | €275k | €320k | €359k |
| Debt | €117k | €146k | €156k | €161k |
| of which ≤ 1y | €43k | €52k | €42k | €29k |
| of which > 1y | €72k | €92k | €112k | €132k |
| Working capital | €187k | €212k | €241k | €265k |
| Employees (FTE) | - | - | - | - |
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 5.33 | 5.11 | 6.70 | 10.23 |
| Quick ratio | 5.33 | 5.11 | 6.70 | 10.23 |
| Working capital ratio | 49.4% | 50.3% | 50.5% | 50.9% |
| Solvency | 69.1% | 65.4% | 67.2% | 69.1% |
| Debt / equity | 0.45 | 0.53 | 0.49 | 0.45 |
| Long-term debt ratio | 0.27 | 0.34 | 0.35 | 0.37 |
| Interest coverage | 13.35 | -1.83 | 0.87 | -1.21 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | -3.3% | -10.8% | -8.2% | -8.7% |
| ROE | -4.8% | -16.6% | -12.1% | -12.5% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (25 line items)
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €379k | €421k | €477k | €520k |
| Fixed assets | 21/28 | €149k | €157k | €194k | €227k |
| Tangible fixed assets | 22/27 | €148k | €157k | €193k | €226k |
| Financial fixed assets | 28 | €557 | €557 | €557 | €557 |
| Current assets | 29/58 | €231k | €263k | €283k | €293k |
| Amounts receivable within one year | 40/41 | €219k | €171k | €235k | €246k |
| Investments | 50/53 | €5k | €80k | €21k | €15k |
| Cash & bank | 54/58 | €844 | €1k | €6k | €3k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €379k | €421k | €477k | €520k |
| Equity | 10/15 | €262k | €275k | €320k | €359k |
| Contributions / capital | 10/11 | €23k | €23k | €6k | €6k |
| Reserves | 13 | - | - | €17k | €17k |
| Accumulated profits (losses) | 14 | €239k | €252k | €297k | €336k |
| Amounts payable | 17/49 | €117k | €146k | €156k | €161k |
| Amounts payable after one year | 17 | €72k | €92k | €112k | €132k |
| Amounts payable within one year | 42/48 | €43k | €52k | €42k | €29k |
| Trade debts payable within one year | 44 | €13k | €21k | €14k | - |
| Income statement | |||||
| Gross operating margin | 9900 | €53k | €21k | €29k | €21k |
| Operating result | 9901 | €-11k | €-43k | €-35k | €-42k |
| Financial income | 75 | €276 | €171 | €477 | - |
| Financial charges | 65 | €2k | €2k | €3k | €3k |
| Result before taxes | 9903 | €-12k | €-45k | €-38k | €-45k |
| Income taxes | 67/77 | €497 | €511 | €587 | €394 |
| Net result for the period | 9904 | €-13k | €-46k | €-39k | €-45k |
| Result to be appropriated | 9905 | €-13k | €-46k | €-39k | €-45k |
-
Mortier JensDirector (executive)State Gazette act 23465130 (20-12-2023)Current20-12-2023 → present
2 events
- 20-12-2023 Resigned· Director (executive)
- 20-12-2023 Appointed· Director (executive)
| NACE primary | Advertising agencies(73110) |
| Legal form | Private limited company(610) |
| Incorporation | 25-01-1999 |
| Status | Active |
| Postal code | 3090 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23062M0669/00T000 | Flanders | 7,210 m² | 1 · 574 m² | 14.6 m · 1 fl. |
| 23093F0753/00W003 | Flanders | 1,634 m² | 1 · 192 m² | 9.0 m · 1 fl. |
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
20-12-2023 1 director appointed, 1 resigning
- Mortier Jens, Directeur
- Mortier Jens, Directeur
Technical details
{
"events": [
{
"kind": "director_out",
"role": "directeur",
"person": {
"rrn": null,
"name": "Mortier Jens",
"address": "3090 Overijse, Vliertjeslaan 21",
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": "voluntary",
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "director_in",
"role": "directeur",
"person": {
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"name": "Mortier Jens",
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},
"reason": null,
"subkind": "renewal",
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"statutory": "niet_statutair",
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"evidence_quote": "",
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"mandate_duration": {
"kind": "indefinite",
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},
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},
{
"kind": "decharge_pending",
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"reason": null,
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"evidence_quote": "De algemene vergadering zal op de volgende jaarvergadering beslissen over de kwijting aan de ontslagnemende zaakvoerder voor de uitoefening van zijn mandaat.",
"decharge_status": "pending_next_agm",
"mandate_duration": null,
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"effective_date_qualifier": null
},
{
"kind": "board_snapshot",
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}
],
"notary": {
"name": "Michiel MAHIEU",
"firm_city": null,
"firm_name": null,
"office_city": "Antwerpen",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2023-12-20",
"filing_date": "2023-12-16",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "algemene_vergadering",
"date": "2023-12-15",
"unanimous": null
},
{
"body": "algemene_vergadering",
"date": "2023-12-15",
"unanimous": null
},
{
"body": "algemene_vergadering",
"date": "2023-12-15",
"unanimous": null
},
{
"body": "algemene_vergadering",
"date": "2023-12-15",
"unanimous": null
},
{
"body": "algemene_vergadering",
"date": "2023-12-15",
"unanimous": null
},
{
"body": "algemene_vergadering",
"date": "2023-12-15",
"unanimous": null
},
{
"body": "algemene_vergadering",
"date": "2023-12-15",
"unanimous": null
}
],
"is_correction": false,
"subject_company": {
"kbo": "0465.328.695",
"name_full": "MORTIER\u0027S CONCEPT COMPANY",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Michiel MAHIEU",
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [
"expeditie van de akte",
"volmacht",
"geco\u00F6rdineerde statuten (elektronische databank)"
],
"corrected_publication_numac": null
}| Legal nameNL | MCC |