MCFD
ActiveSummary
MCFD has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €1.1m and a net result of €216,083. Equity is growing by ~17.3% per year across the filed fiscal years. Its solvency ranks better than 66% of 160 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability88▼-8
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100,000 at 30 days acceptable
Liquidity ample (current ratio 5.25 against 5.82 in 2025; short-term debt: 18.6% and cash: 89.3% of total assets), and 18.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← 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 2026Solvency, return and age of the figures
Solvency
81.4%
Return on assets
15.7%
Age of the figures
3 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
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2026 was due by 31-01-2027 and was filed on 08-09-2026, 145 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
145 d early
2025
8 d late
2024
9 d late
2023
53 d late
2022
11 d late
2021
3 d early
2020
1 d late
← 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 9 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2027 and is due by 31-01-2028. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-06-2027 close31-01-2028 deadline
History
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Financials · fiscal year 2026, micro schema
Equity
€1.1m▲ 13.0%
2025 · €991,973
Total assets
€1.4m▲ 15.7%
2025 · €1.2m
Net result
€216,083▼ 17.2%
2025 · €261,087
Working capital
€1.1m▲ 13.5%
2025 · €961,386
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252026
Operating result€173,048▲ 18.2%€251,700▲ 45.5%€308,918▲ 22.7%€333,992▲ 8.1%€299,088▼ 10.5%
Net result€119,087▲ 17.0%€173,672▲ 45.8%€216,337▲ 24.6%€261,087▲ 20.7%€216,083▼ 17.2%
Equity€599,876▲ 24.8%€604,548▲ 0.8%€730,886▲ 20.9%€991,973▲ 35.7%€1.1m▲ 13.0%
Total assets€730,179▲ 16.3%€900,488▲ 23.3%€1.1m▲ 19.1%€1.2m▲ 11.1%€1.4m▲ 15.7%
Debt€130,303▼ 11.3%€295,940▲ 127%€341,249▲ 15.3%€199,341▼ 41.6%€256,913▲ 28.9%
Working capital€552,449▲ 27.3%€562,196▲ 1.8%€693,788▲ 23.4%€961,386▲ 38.6%€1.1m▲ 13.5%
Staff (FTE)0.20.6
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2026; 2026 is 10% below 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €1.4m
Fixed assets
€30,322 ▼ 0.9%
Current assets
€1.3m ▲ 16.1%
Equity and liabilities €1.4m
Equity
€1.1m ▲ 13.0%
Debt
€256,913 ▲ 28.9%
Debt's share of the balance-sheet total rises from 16.7% to 18.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€305,523▼
2025 · €340,486
Cash flow
€222,518▼
2025 · €267,581
Current ratio
5.25▼
2025 · 5.82
Debt to equity
0.23▲
2025 · 0.20
ROE
19.3%▼
2025 · 26.3%
ROA
15.7%▼
2025 · 21.9%
Interest coverage
2086.20▼
2025 · 2118.24
Debt ≤ 1 year
€256,913▲
2025 · €199,341
Income taxes
€99,025▲
2025 · €88,985
Staff costs
€31,418
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 34,672 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
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €4,132 | - | €31,418 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,152 | €6,561 | €6,452 | €6,494 | €6,436 | ▼ 0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €2,083 | €22,403 | -€17,555 | -€9,603 | -€34 | ▲ 99.6% |
| Other operating charges640/8 | €891 | €1,537 | €10,095 | €5,859 | €2,349 | ▼ 59.9% |
| Gross operating margin9900 | €189,174 | €282,202 | €312,042 | €336,742 | €339,257 | ▲ 0.7% |
| Operating profit (loss)9901 | €173,048 | €251,700 | €308,918 | €333,992 | €299,088 | ▼ 10.5% |
| Financial income75/76B | €80 | €738 | €5,757 | €16,241 | €16,167 | ▼ 0.5% |
| Recurring financial income75 | €80 | €738 | €5,757 | €16,241 | €16,167 | ▼ 0.5% |
| Financial charges65/66B | €349 | €2 | €94 | €161 | €146 | ▼ 8.9% |
| Recurring financial charges65 | €349 | €2 | €94 | €161 | €146 | ▼ 8.9% |
| Profit (loss) for the period before taxes9903 | €172,779 | €252,437 | €314,581 | €350,072 | €315,108 | ▼ 10.0% |
| Income taxes67/77 | €53,692 | €78,765 | €98,243 | €88,985 | €99,025 | ▲ 11.3% |
| Profit (loss) for the period9904 | €119,087 | €173,672 | €216,337 | €261,087 | €216,083 | ▼ 17.2% |
| Profit (loss) for the period to be appropriated9905 | €119,087 | €173,672 | €216,337 | €261,087 | €216,083 | ▼ 17.2% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €730,179 | €900,488 | €1.1m | €1.2m | €1.4m | ▲ 15.7% |
| Fixed assets21/28 | €47,427 | €44,144 | €37,981 | €30,587 | €30,322 | ▼ 0.9% |
| Tangible fixed assets22/27 | €46,527 | €43,244 | €37,081 | €30,587 | €30,322 | ▼ 0.9% |
| Land and buildings22 | €28,867 | €24,742 | €20,605 | €16,479 | €12,354 | ▼ 25.0% |
| Plant, machinery and equipment23 | €869 | €2,041 | €1,612 | €784 | €90 | ▼ 88.5% |
| Furniture and vehicles24 | €551 | €1,384 | €952 | €574 | €1,729 | ▲ 201% |
| Other tangible fixed assets26 | €16,240 | €15,078 | €13,912 | €12,749 | €16,149 | ▲ 26.7% |
| Financial fixed assets28 | €900 | €900 | €900 | - | - | - |
| Current assets29/58 | €682,752 | €856,344 | €1.0m | €1.2m | €1.3m | ▲ 16.1% |
| Amounts receivable after more than one year29 | - | - | €188,000 | €94,000 | - | - |
| Other amounts receivable291 | - | - | €188,000 | €94,000 | - | - |
| Amounts receivable within one year40/41 | €73,638 | €98,581 | €172,503 | €92,357 | €117,186 | ▲ 26.9% |
| Trade receivables40 | €71,120 | €98,576 | €172,503 | €92,357 | €117,186 | ▲ 26.9% |
| Other amounts receivable41 | €2,519 | €5 | - | - | - | - |
| Current investments50/53 | - | - | €300,000 | €250,000 | - | - |
| Cash at bank and in hand54/58 | €609,113 | €757,763 | €373,413 | €724,133 | €1.2m | ▲ 69.9% |
| Deferred charges and accrued income490/1 | - | - | €237 | €237 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €730,179 | €900,488 | €1.1m | €1.2m | €1.4m | ▲ 15.7% |
| Equity10/15 | €599,876 | €604,548 | €730,886 | €991,973 | €1.1m | ▲ 13.0% |
| Contributions10/11 | €14,255 | €14,255 | €14,255 | €14,255 | €14,255 | = |
| Reserves13 | €566,000 | €567,000 | €693,000 | €953,000 | €1.1m | ▲ 13.5% |
| Non-distributable reserves130/1 | €566,000 | €567,000 | €693,000 | €953,000 | €1.1m | ▲ 13.5% |
| Other1319 | €566,000 | €567,000 | €693,000 | €953,000 | €1.1m | ▲ 13.5% |
| Profit (loss) carried forward14 | €19,621 | €23,293 | €23,631 | €24,718 | €24,800 | ▲ 0.3% |
| Amounts payable17/49 | €130,303 | €295,940 | €341,249 | €199,341 | €256,913 | ▲ 28.9% |
| Amounts payable within one year42/48 | €130,303 | €294,148 | €340,366 | €199,341 | €256,913 | ▲ 28.9% |
| Current portion of amounts payable after more than one year42 | €1,528 | - | - | - | - | - |
| Trade debts44 | €93,933 | €103,854 | €127,894 | €81,716 | €97,521 | ▲ 19.3% |
| Suppliers440/4 | €93,933 | €103,854 | €127,894 | €81,716 | €97,521 | ▲ 19.3% |
| Taxes, remuneration and social security45 | €34,667 | €52,665 | €99,263 | €21,039 | €55,249 | ▲ 163% |
| Taxes450/3 | €34,667 | €52,665 | €99,263 | €21,039 | €55,249 | ▲ 163% |
| Other amounts payable47/48 | €175 | €137,628 | €113,208 | €96,587 | €104,144 | ▲ 7.8% |
| Accrued charges and deferred income492/3 | - | €1,792 | €883 | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €119,087 | €173,672 | €216,337 | €261,087 | €216,083 | ▼ 17.2% |
| + Depreciation and write-downs630 | €13,152 | €6,561 | €6,452 | €6,494 | €6,436 | ▼ 0.9% |
| Operating cash flow (approximation) | €132,239 | €180,233 | €222,790 | €267,581 | €222,518 | ▼ 16.8% |
| Investment in fixed assets (approximation) | - | -€3,278 | -€289 | €900 | -€6,171 | ▼ 786% |
| Change in cash | - | €148,650 | -€384,350 | €350,720 | €506,327 | ▲ 44.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2027, expected by
2026
08-09
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
12-08
State Gazette act
General meeting · Registered-office move
24-07
State Gazette act
Incorporation · Founder
Founding capital · Bank account
23-07
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
30-06
Financial
Equity above €1mEq €1.1m ▲13%
8 profitable years in a row build equity to €1.1m.
08-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 8 days late
2025
06-11
State Gazette act
General meeting · Permanent representative
30-06
Financial
Highest result since 2019net €261,087 ▲20.7%
Operating result €333,992, net result €261,087, both a record.
09-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 9 days late
2024
16-05
State Gazette act
Merger · Accounting effect
Capital · Corporate purpose
24-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 53 days late
2023
02-03
State Gazette act
General meeting · Registered-office move
Show earlier events
11-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 11 days late
2022
30-06
Financial
Equity above €500,000Eq €599,876 ▲24.8%
4 profitable years in a row build equity to €599,876.
03-03
State Gazette act
General meeting · Director reappointment
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
21-04
State Gazette act
General meeting · Auditor reappointment
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1 day late
2020
30-06
Financial
Weakest financial yearnet €87,714 ▼5.5%
Net result drops to €87,714, the lowest in the series; recovery starts the following year.
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
07-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 7 days late
2018
06-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 6 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Jette · 1 establishment unit since 2007
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.
Burgemeester Etienne Demunterl. 51090 JetteGround area
791 m²
Building footprint
559 m²
Volume, LiDAR
8,401 m³
Parcel 21526D0082/00E003, Brussels · tallest building 19.4 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
MCFD
since 20072.262.229.941
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21526D0082/00E003 | Brussels | 790 m² | 1 · 559 m² | 19.4 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,174 companies in sector 69201 we hold annual accounts for 7,638. 4,230 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded06-12-2007
Fiscal year end30-06
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0893985256
Also
9925:BE0893985256
Registered
18-06-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.