MCM
InactiveMCM was declared bankrupt on 10-05-2022 (Ondernemingsrechtbank Antwerpen, afdeling Tongeren); the bankruptcy was closed for insufficient assets by judgment of 24-09-2024, published in the Belgian State Gazette on 30-09-2024.
Summary
Inactive; last annual accounts for fiscal year 2018.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 30-06-2018. Since then, 7 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 5 filingsPosition against the passed deadline
30-06-2019 close31-01-2020 deadline26-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2018 was due by 31-01-2019 and was filed on 03-01-2019, 28 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
tick = median of all Belgian filings
The Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2018, micro schema
Equity
€87,167▲ 1.5%
2017 · €85,851
Total assets
€333,918▲ 13.2%
2017 · €295,054
Net result
€1,316▼ 89.3%
2017 · €12,242
Working capital
€54,194▼ 14.4%
2017 · €63,287
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
Line20142015201620172018
Operating result€28,450-€19,558▼ 31.3%€26,575▲ 35.9%€22,739▼ 14.4%€7,633▼ 66.4%
Net result€21,157-€14,862▼ 29.8%€18,990▲ 27.8%€12,242▼ 35.5%€1,316▼ 89.3%
Equity€27,357-€42,219▲ 54.3%€73,609▲ 74.4%€85,851▲ 16.6%€87,167▲ 1.5%
Total assets€62,298-€90,545▲ 45.3%€304,211▲ 236%€295,054▼ 3.0%€333,918▲ 13.2%
Debt€34,941-€48,326▲ 38.3%€230,602▲ 377%€209,203▼ 9.3%€246,751▲ 17.9%
Working capital€27,357-€42,219▲ 54.3%€61,218▲ 45.0%€63,287▲ 3.4%€54,194▼ 14.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2018 is 66% below 2017 and is the lowest result in the available series.
Balance-sheet composition
2018 in colour, 2017 as the grey bar beneath
Assets €333,918
Fixed assets
€175,000 =
Current assets
€158,918 ▲ 32.4%
Equity and liabilities €333,918
Equity
€87,167 ▲ 1.5%
Debt
€246,751 ▲ 17.9%
Debt's share of the balance-sheet total rises from 70.9% to 73.9%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.52▼
2017 · 2.11
Quick ratio
1.47▼
2017 · 2.11
Debt to equity
1.63▼
2017 · 1.78
ROE
1.5%▼
2017 · 14.3%
ROA
0.4%▼
2017 · 4.1%
Debt ≤ 1 year
€104,724▲
2017 · €56,767
Debt > 1 year
€142,027▼
2017 · €152,436
Income taxes
€2,524▼
2017 · €6,166
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2014 | 2015 | 2016 | 2017 | 2018 | Change |
|---|---|---|---|---|---|---|
| Gross operating margin9900 | €28,450 | €64,777 | €94,804 | €23,361 | €9,286 | ▼ 60.2% |
| Operating profit (loss)9901 | €28,450 | €19,558 | €26,575 | €22,739 | €7,633 | ▼ 66.4% |
| Recurring financial income75 | €37 | - | €0 | - | €687 | - |
| Recurring financial charges65 | €88 | €95 | €1,388 | €4,331 | €4,480 | ▲ 3.4% |
| Profit (loss) for the period before taxes9903 | €28,399 | €19,463 | €25,187 | €18,408 | €3,840 | ▼ 79.1% |
| Income taxes67/77 | €7,242 | €4,601 | €6,197 | €6,166 | €2,524 | ▼ 59.1% |
| Profit (loss) for the period9904 | €21,157 | €14,862 | €18,990 | €12,242 | €1,316 | ▼ 89.3% |
| Profit (loss) for the period to be appropriated9905 | €21,157 | €14,862 | €18,990 | €12,242 | €1,316 | ▼ 89.3% |
| Line | 2014 | 2015 | 2016 | 2017 | 2018 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €62,298 | €90,545 | €304,211 | €295,054 | €333,918 | ▲ 13.2% |
| Fixed assets21/28 | - | - | €175,000 | €175,000 | €175,000 | = |
| Tangible fixed assets22/27 | - | - | €175,000 | €175,000 | €175,000 | = |
| Current assets29/58 | €62,298 | €90,545 | €129,211 | €120,054 | €158,918 | ▲ 32.4% |
| Stocks and contracts in progress3 | - | - | - | €48,750 | €5,455 | ▼ 88.8% |
| Amounts receivable within one year40/41 | €60,618 | €89,070 | €117,407 | €66,362 | €119,794 | ▲ 80.5% |
| Cash at bank and in hand54/58 | €1,680 | €1,475 | €11,804 | €1,690 | €545 | ▼ 67.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €62,298 | €90,545 | €304,211 | €295,054 | €333,918 | ▲ 13.2% |
| Equity10/15 | €27,357 | €42,219 | €73,609 | €85,851 | €87,167 | ▲ 1.5% |
| Contributions10/11 | €6,200 | €6,200 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €21,157 | €36,019 | €55,009 | €67,251 | €68,567 | ▲ 2.0% |
| Amounts payable17/49 | €34,941 | €48,326 | €230,602 | €209,203 | €246,751 | ▲ 17.9% |
| Amounts payable after more than one year17 | - | - | €162,609 | €152,436 | €142,027 | ▼ 6.8% |
| Amounts payable within one year42/48 | €34,941 | €48,326 | €67,993 | €56,767 | €104,724 | ▲ 84.5% |
| Trade debts44 | €21,286 | €19,674 | €17,725 | €20,826 | €86,795 | ▲ 317% |
| Line | 2014 | 2015 | 2016 | 2017 | 2018 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,157 | €14,862 | €18,990 | €12,242 | €1,316 | ▼ 89.3% |
| Operating cash flow (approximation) | €21,157 | €14,862 | €18,990 | €12,242 | €1,316 | ▼ 89.3% |
| Investment in fixed assets (approximation) | - | - | - | €0 | €0 | - |
| Change in cash | - | -€206 | €10,330 | -€10,114 | -€1,144 | ▲ 88.7% |
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
2024
30-09
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Tongeren · event 24-09-2024
2022
19-05
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Tongeren · event 10-05-2022
2019
03-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-06
Financial
Weakest financial yearnet €1,316 ▼89.3%
Net result drops to €1,316, the lowest in the series.
2017
11-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
22-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
18-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2014
15-12
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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 | GERRY BANKEN GROTESTRAAT 122, 3600 GENK- |
10-05-2022 → 24-09-2024 |