MCJ
InactiveMCJ was declared bankrupt on 17-11-2025 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 31-03-2026, published in the Belgian State Gazette on 28-04-2026.
Summary
Inactive; last annual accounts for fiscal year 2024.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€15,533
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-07-2025, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
9 d early
2023
65 d late
2022
24 d late
2021
30 d late
2020
27 d late
2019
131 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2024, micro schema
Turnover
€33,030▼ 77.5%
2022 · €146,931
EBIT margin
-39.7%▼ 81.6pp
2022 · 42.0%
Net result
-€15,533▼ 102%
2023 · -€7,677
Working capital
€4,414▼ 80.4%
2023 · €22,530
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
Turnover€98,489€146,931▲ 49.2%€33,030
Operating result€703€3,783▲ 438%€61,690▲ 1,531%-€5,121-€13,101▼ 156%
Net result€407€3,691▲ 808%€46,881▲ 1,170%-€7,677-€15,533▼ 102%
EBIT margin3.8%42.0%▲ 38.1pp-39.7%
Equity€2,580▲ 18.7%€6,271▲ 143%€33,392▲ 432%€25,715▼ 23.0%€6,070▼ 76.4%
Total assets€19,876▲ 134%€35,412▲ 78.2%€67,503▲ 90.6%€39,657▼ 41.3%€18,021▼ 54.6%
Debt€17,296▲ 174%€29,141▲ 68.5%€34,111▲ 17.1%€13,942▼ 59.1%€11,952▼ 14.3%
Working capital€1,248▲ 712%-€10,610€15,789€22,530▲ 42.7%€4,414▼ 80.4%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €13,101 in 2024 against €5,121 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 €18,021
Fixed assets
€1,655 ▼ 48.0%
Current assets
€16,366 ▼ 55.1%
Equity and liabilities €18,021
Equity
€6,070 ▼ 76.4%
Debt
€11,952 ▼ 14.3%
Debt's share of the balance-sheet total rises from 35.2% to 66.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€8,572▼
2023 · -€3,592
Cash flow
-€11,005▼
2023 · -€6,148
Current ratio
1.37▼
2023 · 2.62
Debt to equity
1.97▲
2023 · 0.54
ROE
-255.9%▼
2023 · -29.9%
ROA
-86.2%▼
2023 · -19.4%
Interest coverage
-3.52▼
2023 · -1.08
Debt ≤ 1 year
€11,952▼
2023 · €13,942
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €98,489 | €146,931 | - | €33,030 | - |
| Goods, raw materials, services and sundry goods60/61 | - | €87,742 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €6,377 | €6,478 | €1,529 | €4,529 | ▲ 196% |
| Other operating charges640/8 | - | €586 | €332 | €1,251 | €742 | ▼ 40.7% |
| Gross operating margin9900 | €3,222 | €10,746 | €68,501 | -€2,341 | -€7,830 | ▼ 235% |
| Operating profit (loss)9901 | €703 | €3,783 | €61,690 | -€5,121 | -€13,101 | ▼ 156% |
| Financial income75/76B | - | €18 | €0 | €756 | €0 | ▼ 100.0% |
| Recurring financial income75 | - | €18 | €0 | €756 | €0 | ▼ 100.0% |
| Financial charges65/66B | - | €110 | €797 | €3,311 | €2,433 | ▼ 26.5% |
| Recurring financial charges65 | €296 | €110 | €797 | €3,311 | €2,433 | ▼ 26.5% |
| Profit (loss) for the period before taxes9903 | €407 | €3,691 | €60,893 | -€7,677 | -€15,533 | ▼ 102% |
| Income taxes67/77 | - | - | €14,012 | - | - | - |
| Profit (loss) for the period9904 | €407 | €3,691 | €46,881 | -€7,677 | -€15,533 | ▼ 102% |
| Profit (loss) for the period to be appropriated9905 | €407 | €3,691 | €46,881 | -€7,677 | -€15,533 | ▼ 102% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €19,876 | €35,412 | €67,503 | €39,657 | €18,021 | ▼ 54.6% |
| Fixed assets21/28 | €1,331 | €24,081 | €17,602 | €3,184 | €1,655 | ▼ 48.0% |
| Tangible fixed assets22/27 | €1,306 | €24,056 | €17,577 | €3,159 | €1,630 | ▼ 48.4% |
| Plant, machinery and equipment23 | - | €2,769 | €1,587 | €1,058 | €529 | ▼ 50.0% |
| Furniture and vehicles24 | - | €4,101 | €3,101 | €2,101 | €1,101 | ▼ 47.6% |
| Leasing and similar rights25 | - | €17,185 | €12,889 | - | - | - |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | €25 | = |
| Current assets29/58 | €18,544 | €11,331 | €49,901 | €36,473 | €16,366 | ▼ 55.1% |
| Amounts receivable within one year40/41 | €16 | €2,739 | €6,379 | €33,501 | €5,946 | ▼ 82.3% |
| Trade receivables40 | - | €2,624 | - | €12,232 | €5,875 | ▼ 52.0% |
| Other amounts receivable41 | - | €114 | €6,379 | €21,269 | €71 | ▼ 99.7% |
| Cash at bank and in hand54/58 | €18,529 | €8,593 | €43,522 | €2,972 | €420 | ▼ 85.9% |
| Deferred charges and accrued income490/1 | - | - | - | - | €10,000 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €19,876 | €35,412 | €67,503 | €39,657 | €18,021 | ▼ 54.6% |
| Equity10/15 | €2,580 | €6,271 | €33,392 | €25,715 | €6,070 | ▼ 76.4% |
| Contributions10/11 | €37,000 | €37,000 | €37,000 | €37,000 | €37,000 | = |
| Capital10 | - | €37,000 | €37,000 | - | - | - |
| Issued capital100 | - | €37,000 | €37,000 | - | - | - |
| Profit (loss) carried forward14 | -€34,420 | -€30,729 | -€3,608 | -€11,285 | -€30,930 | ▼ 174% |
| Amounts payable17/49 | €17,296 | €29,141 | €34,111 | €13,942 | €11,952 | ▼ 14.3% |
| Amounts payable after more than one year17 | - | €7,200 | - | - | - | - |
| Financial debts170/4 | - | €7,200 | - | - | - | - |
| Amounts payable within one year42/48 | €17,296 | €21,941 | €34,111 | €13,942 | €11,952 | ▼ 14.3% |
| Current portion of amounts payable after more than one year42 | - | €3,529 | €7,200 | - | - | - |
| Trade debts44 | €91 | - | €415 | €140 | €1,463 | ▲ 947% |
| Suppliers440/4 | - | - | €415 | €140 | €1,463 | ▲ 947% |
| Taxes, remuneration and social security45 | - | €9,019 | €26,497 | €13,803 | €10,489 | ▼ 24.0% |
| Taxes450/3 | - | €9,019 | €26,497 | €13,803 | €10,489 | ▼ 24.0% |
| Other amounts payable47/48 | - | €9,394 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €407 | €3,691 | €46,881 | -€7,677 | -€15,533 | ▼ 102% |
| + Depreciation and write-downs630 | - | €6,377 | €6,478 | €1,529 | €4,529 | ▲ 196% |
| Operating cash flow (approximation) | €407 | €10,068 | €53,359 | -€6,148 | -€11,005 | ▼ 79.0% |
| Investment in fixed assets (approximation) | - | -€29,126 | €0 | €12,889 | -€3,000 | ▼ 123% |
| Change in cash | - | -€9,936 | €34,929 | -€40,550 | -€2,552 | ▲ 93.7% |
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
2026
28-04
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · event 31-03-2026
2025
21-11
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 17-11-2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€15,533
Net result drops to -€15,533, the lowest in the series.
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 65 days late
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
31-12
Financial
Highest result since 2018net €46,881 ▲1,170%
Operating result €61,690, net result €46,881, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.46
Current ratio from 0.52 to 1.46.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Back to profitnet €407
Net result €407 after 2 loss-making years.
09-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 131 days late
Show earlier events
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 25 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 26 days late
SignalFinancial 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | POL MASSART CHAUSSEE DE LA HULPE, 110/5,
1000 FR BRUXELLES-VILLE- .
Co-Curateur : JEAN ROBERTI, AVENUE MAURICE 22,
1050 IXELLES- jeanroberti0257@gmail.com |
17-11-2025 → 31-03-2026 |