Equity
-€7,308
Debts exceed assets in financial year 2025.
MCL CHAUFFAGE&SANITAIRE
Lifetime
3 annual accounts with figures on one time axispeak €18,332 (2025)
€18,332▲ €20,202
lowest -€18,568 (2023)
€14,967▲ €21,174
peak -€7,308 (2025)
-€7,308▲ €14,967
€28,348▲ 11.7%
Board1 name since 2022
1 directorMARTIN CASTELAO Xavier
Documentsfilings and deeds
14-07-202617 days before the deadline
2025micro format
Gross margin from -€1,870 to €18,332Back to profit: €14,967Equity from -€22,275 to -€7,308Investments €2,900Cash from €1,504 to €13,933
Key points
from the 2025 annual accountsTurnover
≈ €150,000 estimated
The micro format states no turnover.
Debts
€28,348 135% of the balance sheet
Suppliers 3%Taxes and wages 0%Other 97%
Investments
€2,900 4.8 × depreciation
Green is investment, beige is depreciation.
Filings
3 annual accounts 1 late
The 2024 accounts came 21 days late. The other two were filed on time.
Position in the sector
-34.7%
Lower solvency than 95% of companies in specialised construction. Sector median 46.7% · 35,119 companies.
Checked score
56
Fair
Financially stronger than 56% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,701 companies (NACE 43, micro).
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.1%
01-2025: 3.1%● unchanged vs 12-2024
02-2025: 3.1%● unchanged vs 01-2025
03-2025: 3.0%▼ -0.1 percentage points vs 02-2025
04-2025: 3.0%● unchanged vs 03-2025
05-2025: 3.1%▲ +0.1 percentage points vs 04-2025
06-2025: 3.1%● unchanged vs 05-2025
07-2025: 3.2%▲ +0.1 percentage points vs 06-2025
08-2025: 3.8%▲ +0.6 percentage points vs 07-2025highest value
09-2025: 1.5%▼ -2.3 percentage points vs 08-2025
10-2025: 1.2%▼ -0.3 percentage points vs 09-2025
11-2025: 1.2%● unchanged vs 10-2025
12-2025: 1.2%● unchanged vs 11-2025
01-2026: 1.2%● unchanged vs 12-2025
02-2026: 1.2%● unchanged vs 01-2026
03-2026: 1.1%▼ -0.1 percentage points vs 02-2026
04-2026: 1.1%● unchanged vs 03-2026
05-2026: 1.2%▲ +0.1 percentage points vs 04-2026
06-2026: 1.2%● unchanged vs 05-2026
07-2026: 1.3%▲ +0.1 percentage points vs 06-2026
08-2026: 0.9%▼ -0.4 percentage points vs 07-2026lowest value
09-2026: 0.9%● unchanged vs 08-2026lowest value
10-2026: 0.9%● unchanged vs 09-2026lowest value
11-2026: 0.9%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€7,308
Founded in 2022
lowers risk
Liquidity: current ratio 0.63, cash €13,933
Size: total assets €21,040
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 3% of them on solvency, 43% on liquidity, 92% on profitability and 87% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,017 companies had the same profile as MCL CHAUFFAGE&SANITAIRE has now. Each dot stands for 3 companies, two years later.
89.2%
were still trading
4.0%
stopped another way
6.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MCL CHAUFFAGE&SANITAIRE itself is lower: 0.9% within 12 months. It rests on far more data about MCL CHAUFFAGE&SANITAIRE than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,017 companies, not a prediction for MCL CHAUFFAGE&SANITAIRE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.63, below 1. Short-term debt is 134.7% and cash 66.2% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 35119 sector peers (2025).
NBB · sector comparisonPosition among 35119 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
17 days early
2024
21 days late
2023
23 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 6 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 July (3 of the last 3 accounts filed within 38 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0780792095
First establishment
Jan De Keersmaeckerstraat 212, Asse
Incorporation
Founding capital of €2,500, 250 shares · Founder: MARTIN CASTELAO Xavier · Appointment: MARTIN CASTELAO Xavier (director) · published on 26-01-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MCL CHAUFFAGE&SANITAIRE Asse | €21,040 | €18,332 | -34.7% | - |
| EKS CHAUFFAGE Sint-Pieters-Leeuw | €21,767 | €25,217 | 48.0% | - |
| Loodgieter Ardit Edegem | €25,064 | €14,768 | 8.5% | - |
| RV Projects Verwarming - Sanitair Antwerp | €23,417 | €13,883 | 17.0% | - |
| CVT Technics Zandhoven | €26,363 | €19,048 | 55.4% | - |
| FROIDTHERM Anderlecht | €18,094 | €15,359 | 70.2% | - |
| VT Verwarming Sanitair Ghent | €29,080 | €22,004 | 22.7% | - |
These companies have the same main activity as MCL CHAUFFAGE&SANITAIRE: plumbing work (NACE 43221). They are comparable in size and age: total assets between €18,100 and €29,100, founded between 2021 and 2023.
Official details
Source: KBO- Status
- Active since 24-01-2022Normal situation
- Activity
- Plumbing workNACE 43221and 1 other
- Establishment unit
- 2.327.725.6281731 Asse, since 09-02-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 20-01-2026
Annual accounts 2025
- €21,040▲ 578%
- Filing
- Filed on 14-07-2026, 17 days before the end of the filing period
Insights on MCL CHAUFFAGE&SANITAIRE
MCL CHAUFFAGE&SANITAIRE files the micro format. That format states no turnover. The gross margin rose from -€10,753 in 2023 to €18,332 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MCL CHAUFFAGE&SANITAIRE
- What is the company number of MCL CHAUFFAGE&SANITAIRE?
- The company number of MCL CHAUFFAGE&SANITAIRE is 0780.792.095. The VAT number is the same number with BE in front: BE 0780.792.095.
- Where is MCL CHAUFFAGE&SANITAIRE based?
- The registered office is at Jan De Keersmaeckerstraat 212, 1731 Asse.Company details
- What does MCL CHAUFFAGE&SANITAIRE do?
- According to the KBO register, the main activity is plumbing work (NACE 43221).
- What is the legal form of MCL CHAUFFAGE&SANITAIRE?
- MCL CHAUFFAGE&SANITAIRE is a private limited company (BV).
- When was MCL CHAUFFAGE&SANITAIRE founded?
- MCL CHAUFFAGE&SANITAIRE was founded on 24-01-2022.
- Is MCL CHAUFFAGE&SANITAIRE still active?
- Yes, MCL CHAUFFAGE&SANITAIRE is an active enterprise in the KBO register.
- What is the turnover of MCL CHAUFFAGE&SANITAIRE?
- The turnover in financial year 2025 is ≈ €150,000. This figure is estimated from the gross margin of €18,332 and 37 comparable companies (NACE 43221). It probably lies between €120,000 and €340,000. It is a rough estimate.Financials
- Is MCL CHAUFFAGE&SANITAIRE profitable?
- In financial year 2025, MCL CHAUFFAGE&SANITAIRE made a profit of €14,967.
- Where can I find the annual accounts of MCL CHAUFFAGE&SANITAIRE?
- MCL CHAUFFAGE&SANITAIRE filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MCL CHAUFFAGE&SANITAIRE due?
- MCL CHAUFFAGE&SANITAIRE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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