MCG
ActiveSummary
The computed 12-month bankruptcy probability of MCG is 2.3% (moderate). The 2025 annual accounts show equity of €285,272 and a net result of -€8,450. Equity is shrinking by ~3.7% per year across the filed fiscal years. The company has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability65▼-2
Solvency85▲+1
Growth58=
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity short (current ratio 0.02 against 0.03 in 2024; short-term debt: 21.5% and cash: 0.3% of total assets), and 40.1% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
59.9%
Return on assets
-1.8%
Age of the figures
18 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€8,450
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 28-11-2025, 28 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
28 d late
2024
28 d late
2023
4 d early
2022
3 d late
2021
23 d early
2020
3 d early
2019
35 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 1 day before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 3 November (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close29-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€285,272▼ 2.9%
2024 · €293,722
Total assets
€476,401▼ 4.2%
2024 · €497,439
Net result
-€8,450▼ 7.7%
2024 · -€7,846
Working capital
-€100,578▲ 3.9%
2024 · -€104,660
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
Line20212022202320242025
Operating result-€18,519-€12,381▲ 33.1%-€10,167▲ 17.9%-€6,837▲ 32.8%-€7,618▼ 11.4%
Net result-€21,429-€14,821▲ 30.8%-€11,556▲ 22.0%-€7,846▲ 32.1%-€8,450▼ 7.7%
Equity€319,740▼ 6.3%€304,919▼ 4.6%€301,567▼ 1.1%€293,722▼ 2.6%€285,272▼ 2.9%
Total assets€562,877▼ 16.2%€536,856▼ 4.6%€516,834▼ 3.7%€497,439▼ 3.8%€476,401▼ 4.2%
Debt€210,512▼ 29.0%€200,917▼ 4.6%€193,632▼ 3.6%€183,263▼ 5.4%€171,855▼ 6.2%
Working capital-€120,170-€110,938▲ 7.7%-€108,241▲ 2.4%-€104,660▲ 3.3%-€100,578▲ 3.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7,618 in 2025 against €6,837 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €476,401
Fixed assets
€474,649 ▼ 3.9%
Current assets
€1,752 ▼ 50.5%
Equity and liabilities €476,401
Equity
€285,272 ▼ 2.9%
Provisions
€19,273 ▼ 5.8%
Debt
€171,855 ▼ 6.2%
Debt's share of the balance-sheet total falls from 36.8% to 36.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€11,636▼
2024 · €13,733
Cash flow
€10,804▼
2024 · €12,724
Current ratio
0.02▼
2024 · 0.03
Debt to equity
0.60▼
2024 · 0.62
ROE
-3.0%▼
2024 · -2.7%
ROA
-1.8%▼
2024 · -1.6%
Interest coverage
5.78▼
2024 · 6.27
Debt ≤ 1 year
€102,330▼
2024 · €108,196
Debt > 1 year
€68,925▼
2024 · €75,068
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.3% 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 497,662 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% | 1.7% |
| 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 75% 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 8,616 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,770 | €23,770 | €20,570 | €20,570 | €19,254 | ▼ 6.4% |
| Other operating charges640/8 | - | €2,083 | €2,284 | €2,338 | €2,433 | ▲ 4.0% |
| Gross operating margin9900 | €7,664 | €13,472 | €12,686 | €16,071 | €14,069 | ▼ 12.5% |
| Operating profit (loss)9901 | -€18,519 | -€12,381 | -€10,167 | -€6,837 | -€7,618 | ▼ 11.4% |
| Financial charges65/66B | - | €4,046 | €2,569 | €2,190 | €2,012 | ▼ 8.1% |
| Recurring financial charges65 | €4,503 | €4,046 | €2,569 | €2,190 | €2,012 | ▼ 8.1% |
| Profit (loss) for the period before taxes9903 | -€23,022 | -€16,426 | -€12,736 | -€9,027 | -€9,630 | ▼ 6.7% |
| Transfer from deferred taxes780 | - | €1,605 | €1,181 | €1,181 | €1,181 | = |
| Income taxes67/77 | €12 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€21,429 | -€14,821 | -€11,556 | -€7,846 | -€8,450 | ▼ 7.7% |
| Transfer from tax-exempt reserves789 | - | €3,118 | €3,542 | €3,542 | €3,542 | = |
| Profit (loss) for the period to be appropriated9905 | -€18,311 | -€11,703 | -€8,013 | -€4,304 | -€4,907 | ▼ 14.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €562,877 | €536,856 | €516,834 | €497,439 | €476,401 | ▼ 4.2% |
| Fixed assets21/28 | €558,812 | €535,042 | €514,473 | €493,903 | €474,649 | ▼ 3.9% |
| Tangible fixed assets22/27 | €558,812 | €535,042 | €514,473 | €493,903 | €474,649 | ▼ 3.9% |
| Land and buildings22 | - | €528,779 | €510,420 | €492,061 | €473,703 | ▼ 3.7% |
| Plant, machinery and equipment23 | - | €6,263 | €4,052 | €1,841 | €946 | ▼ 48.6% |
| Current assets29/58 | €4,066 | €1,814 | €2,362 | €3,536 | €1,752 | ▼ 50.5% |
| Amounts receivable within one year40/41 | €730 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €3,090 | €1,303 | €1,974 | €3,130 | €1,535 | ▼ 51.0% |
| Deferred charges and accrued income490/1 | - | €511 | €388 | €406 | €216 | ▼ 46.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €562,877 | €536,856 | €516,834 | €497,439 | €476,401 | ▼ 4.2% |
| Equity10/15 | €319,740 | €304,919 | €301,567 | €293,722 | €285,272 | ▼ 2.9% |
| Contributions10/11 | - | €40,000 | €40,000 | €40,000 | €40,000 | = |
| Reserves13 | €296,495 | €293,377 | €298,039 | €294,497 | €290,955 | ▼ 1.2% |
| Non-distributable reserves130/1 | - | €7,600 | - | - | - | - |
| Reserves not available under the articles1311 | - | €7,600 | - | - | - | - |
| Tax-exempt reserves132 | - | €60,242 | €64,904 | €61,362 | €57,820 | ▼ 5.8% |
| Distributable reserves133 | - | €225,535 | €233,135 | €233,135 | €233,135 | = |
| Profit (loss) carried forward14 | -€16,755 | -€28,459 | -€36,472 | -€40,776 | -€45,683 | ▼ 12.0% |
| Provisions and deferred taxes16 | €32,625 | €31,020 | €21,635 | €20,454 | €19,273 | ▼ 5.8% |
| Deferred taxes168 | - | €31,020 | €21,635 | €20,454 | €19,273 | ▼ 5.8% |
| Amounts payable17/49 | €210,512 | €200,917 | €193,632 | €183,263 | €171,855 | ▼ 6.2% |
| Amounts payable after more than one year17 | €86,277 | €86,891 | €81,055 | €75,068 | €68,925 | ▼ 8.2% |
| Financial debts170/4 | - | €81,561 | €75,724 | €69,737 | €63,595 | ▼ 8.8% |
| Other amounts payable178/9 | - | €5,331 | €5,331 | €5,331 | €5,331 | = |
| Amounts payable within one year42/48 | €124,236 | €112,751 | €110,602 | €108,196 | €102,330 | ▼ 5.4% |
| Financial debts43 | - | €5,701 | €5,845 | €6,006 | €6,142 | ▲ 2.3% |
| Credit institutions430/8 | - | €5,701 | €5,845 | €6,006 | €6,142 | ▲ 2.3% |
| Trade debts44 | €203 | €5,995 | €1,395 | €378 | €114 | ▼ 70.0% |
| Suppliers440/4 | - | €5,995 | €1,395 | €378 | €114 | ▼ 70.0% |
| Taxes, remuneration and social security45 | - | €12 | - | - | - | - |
| Taxes450/3 | - | €12 | - | - | - | - |
| Other amounts payable47/48 | - | €101,043 | €103,363 | €101,811 | €96,074 | ▼ 5.6% |
| Accrued charges and deferred income492/3 | - | €1,275 | €1,975 | - | €600 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€21,429 | -€14,821 | -€11,556 | -€7,846 | -€8,450 | ▼ 7.7% |
| + Depreciation and write-downs630 | €23,770 | €23,770 | €20,570 | €20,570 | €19,254 | ▼ 6.4% |
| Operating cash flow (approximation) | €2,341 | €8,949 | €9,014 | €12,724 | €10,804 | ▼ 15.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€1,787 | €671 | €1,156 | -€1,595 | ▼ 238% |
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 2026, expected by
2025
28-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2024
28-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
2021
08-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Weakest financial yearnet -€21,429
Net result drops to -€21,429, the lowest in the series; recovery starts the following year.
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Back to profitnet €22,866
Net result €22,866 after one loss-making year.
2019
26-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
18-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
25-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
28-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB 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 · 2 establishment units since 1996
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
768 m²
Building footprint
135 m²
Volume, LiDAR
982 m³
Parcel 23050F0189/00F000, Flanders · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Burgemeester Etienne Demunterl. 5, 1090 Jette
since 19962.076.669.931
Vilvoordsesteenweg 90, 1860 Meise
since 20252.371.088.487
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23050F0189/00F000 | Flanders | 768 m² | 1 · 135 m² | 10.0 m · 3 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded26-04-1996
Fiscal year end31-03
E-invoicing
Reachable via Peppol
Peppol ID
0208:0457893547
Also
9925:BE0457893547
Registered
25-02-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.