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MCC Verstraete

Active
Public limited companyfounded 1976active for 49 yearsVliegplein 20, 9991 Maldegem, BelgiumKBO/BCE: BE 0416.549.969
Summary

MCC Verstraete has been active since 1976 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €118.8m and a net result of €29.5m. Equity is growing by about 18% per year across the filed financial years. Its solvency ranks better than 40% of 203 sector peers (NACE 18, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

Activity
Other printing
NACE 18120
Largest employer in Belgium, Printing sector2 sites
Size
€176.9mturnover 2025
Staff
476.7 FTE
Equity
€118.8m
Profit
€29.5m
Financial health
86 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Structure
Parent
HAENDLER & NATERMANN BENELUX · 100%
Holdings
6
Accounts 21 days early4 of 28 deeds read
Why 86raises riskLiquidity: current ratio 1.41, cash €98,576, halvedSector: Printing and reproduction of recorded media (NACE 18)lowers riskSize: turnover €176.9m, 476.7 FTE, total assets €372.6mFounded in 1976Show the evidence

Checked score

Score 2025
86 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 49% of its sector peers (all companies)
Financial strength · tick = 2024
Average
Solvency 57-4
equity 31.9% of total assets
Liquidity 50=
short-term debt 10.8% · cash 0.0%
Profitability 67-1
return on assets 7.9%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3%
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025lowest value 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.3%▲ +0.1 percentage points vs 06-2025 08-2025: 0.2%▼ -0.1 percentage points vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.3%▲ +0.1 percentage points vs 07-2026highest value 09-2026: 0.3%● unchanged vs 08-2026highest value 10-2026: 0.3%● unchanged vs 09-2026highest value
Credit of up to €10,200,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.41, compared with 1.89 in 2024, below the usual 1.5; short-term debt: 10.8% and cash: 0% of total assets), and 68.1% of the assets are financed with debt and provisions.
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 (all companies): better than 46% on solvency, 58% on liquidity, 59% on profitability and 30% on growth.

The bankruptcy probability was computed on 18-10-2026 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

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 1.41, cash €98,576, halved
NBB · annual accounts
lowers risk · Size: turnover €176.9m, 476.7 FTE, total assets €372.6m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Founded in 1976
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Sector: Printing and reproduction of recorded media (NACE 18)
KBO
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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
21 days early
2024
24 days early
2023
27 days early
2022
24 days early
2021
19 days early
2020
22 days early
2019
14 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 22 days before the deadline; the sector median (NACE 18) for financial year 2024 is 5 days before the deadline, and 38% 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. The company usually files around 7 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
19-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignation: Peter Bitter (director)Appointment: Paul Bialy (director) ·…
  2. Resignation: Mathieu Nieuwenhuyse (director and day-to-day…Appointment: Alvaro Galindo (director) ·…
  3. Annual accounts filedfinancial year 2025 · full…

Key points

  • Caution: Board changedlatest change 11-09-2026 · 2 in office 2 joined · 2 left View
  • Positive: Largest employer in Belgium, Printing sectorin the Checked rankings No. 1 View
  • Positive: Filed on time since financial year 2019accounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2025: €29.5m 8 years View
  • Controlled by HAENDLER & NATERMANN BENELUXultimately: Labels Buyer, LLC 100% View
  • Active since 1976founded 15-11-1976 49 years View

By topic

Financials

Financial year
2025
Turnover
€176.9m
Profit
€29.5m
Solvency
31.9%
Turnover▼ 0.2%
Net result
20192025
Go to Financials

Board & ownership

Board
2 members
Parent
HAENDLER & NATERMANN BENELUX · 100%
  • Alvaro GalindoDirector
  • Paul BialyDirector
Go to Board & ownership

Timeline

Events
58
Since
1978
Next accounts
by 31-07-2027
  1. 31-12-2025Highest result from 2019 to 2025
  2. 17-10-2025Resignation: Benjamin Krajcir (director)
  3. 07-07-2025Annual accounts filed
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Other printingNACE 18120
Founded
15-11-1976
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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