MCIM
ActiveSummary
MCIM has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €58,631 and a net result of -€12,218. Equity is growing by ~33.6% per year across the filed fiscal years. Its solvency ranks better than 82% of 14254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency99▼-1
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 3.59 against 3.41 in 2024; short-term debt: 25.6% and cash: 4.3% of total assets), and 25.6% 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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
74.4%
Return on assets
-15.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 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 · 5 filingsDeviation from the deadline
2025
6 d late
2024
on the day
2023
25 d early
2022
31 d late
2021
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 4 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 31 July (5 of the last 5 filed years within 31 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€58,631▼ 17.2%
2024 · €70,849
Total assets
€78,801▼ 13.7%
2024 · €91,274
Net result
-€12,218
2024 · €34,938
Working capital
€52,175▲ 6.1%
2024 · €49,179
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€34,788--€6,690€23,239€49,350▲ 112%-€11,966
Net result€26,699within the sector's middle half--€8,392below the sector's middle half€15,604within the sector's middle half€34,938above the sector's middle half▲ 124%-€12,218below the sector's middle half
Equity€28,699within the sector's middle half-€20,307within the sector's middle half▼ 29.2%€35,910within the sector's middle half▲ 76.8%€70,849within the sector's middle half▲ 97.3%€58,631within the sector's middle half▼ 17.2%
Total assets€40,644below the sector's middle half-€29,909below the sector's middle half▼ 26.4%€49,775below the sector's middle half▲ 66.4%€91,274below the sector's middle half▲ 83.4%€78,801below the sector's middle half▼ 13.7%
Debt€11,945-€9,602▼ 19.6%€13,864▲ 44.4%€20,425▲ 47.3%€20,170▼ 1.2%
Working capital€28,699within the sector's middle half-€14,720within the sector's middle half▼ 48.7%€27,283within the sector's middle half▲ 85.3%€49,179within the sector's middle half▲ 80.3%€52,175within the sector's middle half▲ 6.1%
Solvency70.6%above the sector's middle half-67.9%above the sector's middle half▼ 2.7pp72.1%above the sector's middle half▲ 4.3pp77.6%above the sector's middle half▲ 5.5pp74.4%above the sector's middle half▼ 3.2pp
Current ratio3.40above the sector's middle half-2.53within the sector's middle half▼ 0.872.97above the sector's middle half▲ 0.433.41above the sector's middle half▲ 0.443.59above the sector's middle half▲ 0.18
Return on assets (ROA)65.7%above the sector's middle half--28.1%below the sector's middle half▼ 93.7pp31.3%above the sector's middle half▲ 59.4pp38.3%above the sector's middle half▲ 6.9pp-15.5%below the sector's middle half▼ 53.8pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €11,966 after €49,350 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €78,801
Fixed assets
€6,456 ▼ 70.2%
Current assets
€72,345 ▲ 3.9%
Equity and liabilities €78,801
Equity
€58,631 ▼ 17.2%
Debt
€20,170 ▼ 1.2%
Debt's share of the balance-sheet total rises from 22.4% to 25.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€10,137▼
2024 · €50,889
Cash flow
-€10,389▼
2024 · €36,477
Debt to equity
0.34▲
2024 · 0.29
ROE
-20.8%▼
2024 · 49.3%
Interest coverage
-5.29▼
2024 · 52.85
Debt ≤ 1 year
€20,170▼
2024 · €20,425
Income taxes
€520▼
2024 · €14,690
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,597 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.8%
went bankrupt
9.2%
stopped otherwise
87%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,662 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 3,597 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 |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | €70,666 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €501 | €1,091 | €1,539 | €1,829 | ▲ 18.8% |
| Other operating charges640/8 | €1,048 | €1,238 | €615 | €998 | €1,000 | ▲ 0.1% |
| Non-recurring operating charges66A | - | - | - | - | €988 | - |
| Gross operating margin9900 | €35,836 | -€4,950 | €24,945 | €51,888 | -€8,149 | ▼ 116% |
| Operating profit (loss)9901 | €34,788 | -€6,690 | €23,239 | €49,350 | -€11,966 | ▼ 124% |
| Financial income75/76B | €15 | €96 | €970 | €1,241 | €2,183 | ▲ 75.9% |
| Recurring financial income75 | €15 | €96 | €970 | €1,241 | €2,183 | ▲ 75.9% |
| Financial charges65/66B | €20 | €1,238 | €2,027 | €963 | €1,915 | ▲ 98.9% |
| Recurring financial charges65 | €20 | €1,238 | €2,027 | €963 | €1,915 | ▲ 98.9% |
| Profit (loss) for the period before taxes9903 | €34,784 | -€7,832 | €22,182 | €49,628 | -€11,698 | ▼ 124% |
| Income taxes67/77 | €8,085 | €560 | €6,579 | €14,690 | €520 | ▼ 96.5% |
| Profit (loss) for the period9904 | €26,699 | -€8,392 | €15,604 | €34,938 | -€12,218 | ▼ 135% |
| Profit (loss) for the period to be appropriated9905 | €26,699 | -€8,392 | €15,604 | €34,938 | -€12,218 | ▼ 135% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €40,644 | €29,909 | €49,775 | €91,274 | €78,801 | ▼ 13.7% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | - | €5,586 | €8,628 | €21,670 | €6,456 | ▼ 70.2% |
| Tangible fixed assets22/27 | - | €5,586 | €8,628 | €21,670 | €6,456 | ▼ 70.2% |
| Plant, machinery and equipment23 | - | - | - | €1,093 | €699 | ▼ 36.1% |
| Furniture and vehicles24 | - | - | €3,650 | €16,208 | €1,997 | ▼ 87.7% |
| Other tangible fixed assets26 | - | €5,586 | €4,977 | €4,369 | €3,760 | ▼ 13.9% |
| Current assets29/58 | €40,644 | €24,323 | €41,147 | €69,604 | €72,345 | ▲ 3.9% |
| Amounts receivable after more than one year29 | €17,500 | - | - | - | - | - |
| Trade receivables290 | €17,500 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €5,004 | €19,566 | €38,091 | €38,129 | €58,080 | ▲ 52.3% |
| Trade receivables40 | €5,004 | €4,905 | €15,327 | €5,796 | €7,122 | ▲ 22.9% |
| Other amounts receivable41 | - | €14,661 | €22,764 | €32,333 | €50,958 | ▲ 57.6% |
| Current investments50/53 | - | €641 | - | - | - | - |
| Cash at bank and in hand54/58 | €18,140 | €4,116 | €2,994 | €31,463 | €3,416 | ▼ 89.1% |
| Deferred charges and accrued income490/1 | - | - | €62 | €12 | €10,848 | ▲ 89,039% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €40,644 | €29,909 | €49,775 | €91,274 | €78,801 | ▼ 13.7% |
| Equity10/15 | €28,699 | €20,307 | €35,910 | €70,849 | €58,631 | ▼ 17.2% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €26,699 | €18,307 | €33,910 | €68,849 | €56,631 | ▼ 17.7% |
| Amounts payable17/49 | €11,945 | €9,602 | €13,864 | €20,425 | €20,170 | ▼ 1.2% |
| Amounts payable within one year42/48 | €11,945 | €9,602 | €13,864 | €20,425 | €20,170 | ▼ 1.2% |
| Trade debts44 | €593 | €957 | €3,714 | €1,610 | €9,908 | ▲ 515% |
| Suppliers440/4 | €593 | €957 | €3,714 | €1,610 | €9,908 | ▲ 515% |
| Taxes, remuneration and social security45 | €10,063 | €8,645 | €10,150 | €18,815 | €10,261 | ▼ 45.5% |
| Taxes450/3 | €10,063 | €8,645 | €10,150 | €18,815 | €10,261 | ▼ 45.5% |
| Other amounts payable47/48 | €1,289 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,699 | -€8,392 | €15,604 | €34,938 | -€12,218 | ▼ 135% |
| + Depreciation and write-downs630 | - | €501 | €1,091 | €1,539 | €1,829 | ▲ 18.8% |
| Operating cash flow (approximation) | €26,699 | -€7,891 | €16,695 | €36,477 | -€10,389 | ▼ 128% |
| Investment in fixed assets (approximation) | - | - | -€4,132 | -€14,581 | €13,385 | ▲ 192% |
| Change in cash | - | -€14,024 | -€1,122 | €28,469 | -€28,047 | ▼ 199% |
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
2026
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 6 days late
2025
31-12
Financial
Weakest financial yearnet -€12,218
Net result drops to -€12,218, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €34,938 ▲124%
Operating result €49,350, net result €34,938, both a record.
06-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €15,604
Net result €15,604 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Court-Saint-Etienne · 1 establishment unit since 2021
Ground area
1,264 m²
Building footprint
164 m²
Volume, LiDAR
1,049 m³
Parcel 25023A0394/00S000, Wallonia · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MCIM
since 20212.317.590.316
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25023A0394/00S000 | Wallonia | 1,264 m² | 1 · 164 m² | 7.7 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.
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Of 11,757 companies in sector 68310 we hold annual accounts for 6,914. 4,977 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
Founded10-05-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
68321Property management for co-owned buildings (syndics)
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0768261774
Also
9925:BE0768261774
Registered
20-04-2026
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.