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MCI

Active
Public limited companyfounded 200223 yrs activeBeverzakbroekweg 96, 3520 Zonhoven, BelgiumKBO/BCE: BE 0478.808.331
Summary

MCI has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €42,401 and a net result of -€3,380. Equity is shrinking by ~3.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.0% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability60▼-7
Solvency100▲+32
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity short (current ratio 0.08 against 0.85 in 2023; short-term debt: 12.9% and cash: 0% of total assets), and 12.9% 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
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 23 years 0 30 y
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 2024
Solvency, return and age of the figures
Solvency
87.1%
Return on assets
-6.9%
Age of the figures
21 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-09-2025, 50 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 filings
Deviation from the deadline
2025
not confirmed
2024
50 d late
2023
65 d late
2022
75 d early
2021
29 d early
2020
64 d early
2019
36 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 15 days 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 (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 18 November 2002, MCI was incorporated.1 Total assets went from EUR 114,191 in 2018 to EUR 48,673 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, abbreviated schema

Equity
€42,401▼ 7.4%
2023 · €45,781
Total assets
€48,673▼ 53.9%
2023 · €105,681
Net result
-€3,380▼ 163%
2023 · -€1,284
Working capital
-€5,777▲ 35.6%
2023 · -€8,971
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
Line20202021202220232024
Operating result-€2,864▼ 7.9%-€1,422▲ 50.4%-€102▲ 92.8%-€1,239▼ 1,115%-€3,145▼ 154%
Net result-€2,914▼ 8.0%-€1,467▲ 49.7%-€147▲ 90.0%-€1,284▼ 774%-€3,380▼ 163%
Equity€48,679▼ 5.6%€47,212▼ 3.0%€47,065▼ 0.3%€45,781▼ 2.7%€42,401▼ 7.4%
Total assets€108,579▼ 2.6%€107,112▼ 1.4%€106,965▼ 0.1%€105,681▼ 1.2%€48,673▼ 53.9%
Debt€59,899=€59,899=€59,899=€59,899=€6,272▼ 89.5%
Working capital-€25,796▲ 12.4%-€20,688▲ 19.8%-€14,261▲ 31.1%-€8,971▲ 37.1%-€5,777▲ 35.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€4,000-€3,000-€2,000-€1,000€0Operating result 2020: -€2,864-€2,864Net result 2020: -€2,914-€2,914Operating result 2021: -€1,422-€1,422Net result 2021: -€1,467-€1,467Operating result 2022: -€102-€102Net result 2022: -€147-€147Operating result 2023: -€1,239-€1,239Net result 2023: -€1,284-€1,284Operating result 2024: -€3,145-€3,145Net result 2024: -€3,380-€3,38020202021202220232024-€4,000-€3,000-€2,000-€1,000€0Operating result 2022: -€102-€102Net result 2022: -€147-€147Operating result 2023: -€1,239-€1,240Net result 2023: -€1,284-€1,280Operating result 2024: -€3,145-€3,150Net result 2024: -€3,380-€3,380202220232024
The operating result stays negative: a loss of €3,145 in 2024 against €1,239 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €48,673
Fixed assets €48,178 ▼ 12.0%
Current assets €495 ▼ 99.0%
Equity and liabilities €48,673
Equity €42,401 ▼ 7.4%
Debt €6,272 ▼ 89.5%
Debt's share of the balance-sheet total falls from 56.7% to 12.9%. Equity and debt are lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€3,429▼
2023 · €5,335
Cash flow
€3,194▼
2023 · €5,290
Current ratio
0.08▼
2023 · 0.85
Debt to equity
0.15▼
2023 · 1.31
ROE
-8.0%▼
2023 · -2.8%
ROA
-6.9%▼
2023 · -1.2%
Interest coverage
14.59▼
2023 · 118.56
Debt ≤ 1 year
€6,272▼
2023 · €59,899
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.6% went bankrupt
8.5% stopped otherwise
90% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.0% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 12,321 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 27 lines
Balance sheet Code20232024
Assets
Total assets20/58€105,681€48,673▼
Fixed assets21/28€54,752€48,178▼
Tangible fixed assets22/27€54,752€48,178▼
Land and buildings22€54,752€48,178▼
Current assets29/58€50,929€495▼
Cash at bank and in hand54/58€50,929€0▼
Deferred charges and accrued income490/1-€495
Equity and liabilities
Total equity and liabilities10/49€105,681€48,673▼
Equity10/15€45,781€42,401▼
Contributions10/11€62,000€62,000=
Capital10€62,000€62,000=
Issued capital100€62,000€62,000=
Profit (loss) carried forward14-€16,219-€19,599▼
Amounts payable17/49€59,899€6,272▼
Amounts payable within one year42/48€59,899€6,272▼
Other amounts payable47/48€59,899€6,272▼
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,574€6,574=
Other operating charges640/8€1,823€1,699▼
Gross operating margin9900€7,158€5,128▼
Operating profit (loss)9901-€1,239-€3,145▼
Financial charges65/66B€45€235▲
Recurring financial charges65€45€235▲
Profit (loss) for the period before taxes9903-€1,284-€3,380▼
Profit (loss) for the period9904-€1,284-€3,380▼
Profit (loss) for the period to be appropriated9905-€1,284-€3,380▼
Appropriation of the result
Profit (loss) to be appropriated9906-€16,219-€19,599▼
Profit (loss) brought forward from the previous period14P-€14,935-€16,219▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,574€6,574€6,574€6,574€6,574=
Other operating charges640/8-€1,171€1,194€1,823€1,699▼ 6.8%
Gross operating margin9900€4,873€6,323€7,666€7,158€5,128▼ 28.4%
Operating profit (loss)9901-€2,864-€1,422-€102-€1,239-€3,145▼ 154%
Financial charges65/66B-€45€45€45€235▲ 422%
Recurring financial charges65€50€45€45€45€235▲ 422%
Profit (loss) for the period before taxes9903-€2,914-€1,467-€147-€1,284-€3,380▼ 163%
Profit (loss) for the period9904-€2,914-€1,467-€147-€1,284-€3,380▼ 163%
Profit (loss) for the period to be appropriated9905-€2,914-€1,467-€147-€1,284-€3,380▼ 163%
Line20202021202220232024Change
Assets
Total assets20/58€108,579€107,112€106,965€105,681€48,673▼ 53.9%
Fixed assets21/28€74,475€67,901€61,326€54,752€48,178▼ 12.0%
Tangible fixed assets22/27€74,475€67,901€61,326€54,752€48,178▼ 12.0%
Land and buildings22-€67,901€61,326€54,752€48,178▼ 12.0%
Current assets29/58€34,104€39,211€45,638€50,929€495▼ 99.0%
Cash at bank and in hand54/58€34,104€39,211€45,638€50,929€0▼ 100%
Deferred charges and accrued income490/1----€495-
Equity and liabilities
Total equity and liabilities10/49€108,579€107,112€106,965€105,681€48,673▼ 53.9%
Equity10/15€48,679€47,212€47,065€45,781€42,401▼ 7.4%
Contributions10/11€62,000€62,000€62,000€62,000€62,000=
Capital10-€62,000€62,000€62,000€62,000=
Issued capital100-€62,000€62,000€62,000€62,000=
Profit (loss) carried forward14-€13,321-€14,788-€14,935-€16,219-€19,599▼ 20.8%
Amounts payable17/49€59,899€59,899€59,899€59,899€6,272▼ 89.5%
Amounts payable within one year42/48€59,899€59,899€59,899€59,899€6,272▼ 89.5%
Other amounts payable47/48-€59,899€59,899€59,899€6,272▼ 89.5%
Line20202021202220232024Change
Profit (loss) for the period9904-€2,914-€1,467-€147-€1,284-€3,380▼ 163%
+ Depreciation and write-downs630€6,574€6,574€6,574€6,574€6,574=
Operating cash flow (approximation)€3,660€5,107€6,427€5,290€3,194▼ 39.6%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash-€5,107€6,427€5,290-€50,929▼ 1,063%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
19-09
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 50 days late
2024
31-12
Financial Weakest financial yearnet -€3,380
Net result drops to -€3,380, the lowest in the series.
04-10
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 65 days late
2023
17-05
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
02-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
28-05
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
25-06
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
24-06
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
05-06
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
16-05
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
2016
15-06
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated 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, Zonhoven · 1 establishment unit since 2003
seat establishment The establishment unit on the map
Ground area
1,343 m²
Building footprint
149 m²
Volume, LiDAR
700 m³
Parcel 71443F0640/00Z014, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Beverzakbroekweg 96, 3520 Zonhoven
NACE 7012001
since 20032.131.610.533
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71443F0640/00Z014 Flanders 1,343 m² 1 · 149 m² 7.0 m · 2 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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. Voltedge-Solar 100%
  2. MCI

Highest known parent: Voltedge-Solar. The sources do not say who stands above it.

Owners 1

Holdings 0

The accounts to 31-12-2024 list no holdings, and no other source names one.

According to the 2024 annual accounts of MCI and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPublic limited company
Founded18-11-2002
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0478808331
Registered 24-10-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.