MCM GROUP
ActiveSummary
MCM GROUP has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €341k and a net result of €-36k. Equity is growing by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 65% of 221 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability11▼-44
Solvency83▲+3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity ample (current ratio 3.51 against 3.39 in 2024; short-term debt: 25.7% and cash: 2.3% of total assets), and 42.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 32
Relative position
BE, all sectors
reference
Other manufacturing (NACE 32)
about 28% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-08-2026, 12 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 filingsDeviation from the deadline
2025
12 d late
2024
28 d early
2023
19 d late
2022
32 d early
2021
33 d early
2020
33 d early
2019
25 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-36k
2024 · €38k
2018: €4k
2019: €-25k▼ -711% vs 2018
2020: €82k▲ +433% vs 2019highest in 8 years
2021: €46k▼ -44.6% vs 2020
2022: €18k▼ -59.8% vs 2021
2023: €16k▼ -11.1% vs 2022
2024: €38k▲ +136% vs 2023
2025: €-36k▼ -194% vs 2024lowest in 8 years
2018 → 2025
Working capital
€383k▼ 14.5%
2024 · €448k
2018: €373k
2019: €344k▼ -7.8% vs 2018lowest in 8 years
2020: €394k▲ +14.4% vs 2019
2021: €411k▲ +4.4% vs 2020
2022: €422k▲ +2.7% vs 2021
2023: €459k▲ +8.6% vs 2022highest in 8 years
2024: €448k▼ -2.4% vs 2023
2025: €383k▼ -14.5% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€344k-€352k▲ 2.4%€369k▲ 4.6%€377k▲ 2.3%€341k▼ 9.5%
2021: €344k
2022: €352k▲ +2.4% vs 2021
2023: €369k▲ +4.6% vs 2022
2024: €377k▲ +2.3% vs 2023highest in 5 years
2025: €341k▼ -9.5% vs 2024lowest in 5 years
Operating result€78k-€44k▼ 43.5%€48k▲ 8.2%€79k▲ 65.1%€-16k
2021: €78k
2022: €44k▼ -43.5% vs 2021
2023: €48k▲ +8.2% vs 2022
2024: €79k▲ +65.1% vs 2023highest in 5 years
2025: €-16k▼ -120% vs 2024lowest in 5 years
Net result€46k-€18k▼ 59.8%€16k▼ 11.1%€38k▲ 136%€-36k
2021: €46khighest in 5 years
2022: €18k▼ -59.8% vs 2021
2023: €16k▼ -11.1% vs 2022
2024: €38k▲ +136% vs 2023
2025: €-36k▼ -194% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €16k after €79k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €593k
Fixed assets
€58k ▲ 10.6%
Current assets
€535k ▼ 15.7%
Equity and liabilities €593k
Equity
€341k ▼ 9.5%
Debt
€252k ▼ 18.8%
Debt's share of the balance-sheet total falls from 45.1% to 42.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-2k▼
2024 · €92k
Cash flow
€-22k▼
2024 · €52k
Current ratio
3.51▲
2024 · 3.39
Quick ratio
1.04▼
2024 · 1.15
Debt to equity
0.74▼
2024 · 0.82
ROE
-10.5%▼
2024 · 10.2%
ROA
-6.1%▼
2024 · 5.6%
Interest coverage
-0.07▼
2024 · 3.52
Debt ≤ 1 year
€153k▼
2024 · €187k
Debt > 1 year
€99k▼
2024 · €123k
Income taxes
€3k▼
2024 · €14k
Staff costs
€156k▲
2024 · €117k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 58 lines
Balance sheet
Code20242025
Assets
Total assets20/58€687k€593k▼
Fixed assets21/28€52k€58k▲
Intangible fixed assets21€520€3k▲
Tangible fixed assets22/27€52k€55k▲
Land and buildings22€36k€44k▲
Plant, machinery and equipment23€11k€8k▼
Furniture and vehicles24€4k€2k▼
Current assets29/58€635k€535k▼
Stocks and contracts in progress3€419k€377k▼
Stocks30/36€419k€377k▼
Amounts receivable within one year40/41€135k€136k▲
Trade receivables40€5k€2k▼
Other amounts receivable41€130k€134k▲
Cash at bank and in hand54/58€73k€14k▼
Deferred charges and accrued income490/1€8k€9k▲
Equity and liabilities
Total equity and liabilities10/49€687k€593k▼
Equity10/15€377k€341k▼
Contributions10/11€19k€19k=
Reserves13€339k€339k=
Distributable reserves133€339k€339k=
Profit (loss) carried forward14€20k€-16k▼
Amounts payable17/49€310k€252k▼
Amounts payable after more than one year17€123k€99k▼
Financial debts170/4€123k€99k▼
Amounts payable within one year42/48€187k€153k▼
Current portion of amounts payable after more than one year42€23k€25k▲
Financial debts43€0€38k▲
Credit institutions430/8€0€38k▲
Trade debts44€63k€38k▼
Suppliers440/4€63k€38k▼
Taxes, remuneration and social security45€80k€49k▼
Taxes450/3€51k€31k▼
Remuneration and social security454/9€29k€18k▼
Other amounts payable47/48€21k€4k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€117k€156k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€14k▲
Other operating charges640/8€9k€11k▲
Non-recurring operating charges66A-€26
Gross operating margin9900€218k€165k▼
Operating profit (loss)9901€79k€-16k▼
Financial income75/76B€0€6k▲
Recurring financial income75€0€6k▲
Non-recurring financial income76B-€6k
Financial charges65/66B€26k€23k▼
Recurring financial charges65€26k€23k▼
Profit (loss) for the period before taxes9903€53k€-33k▼
Income taxes67/77€14k€3k▼
Profit (loss) for the period9904€38k€-36k▼
Profit (loss) for the period to be appropriated9905€38k€-36k▼
Appropriation of the result
Profit (loss) to be appropriated9906€50k€-16k▼
Profit (loss) brought forward from the previous period14P€11k€20k▲
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€30k€0▼
Return on contributions (dividend)694€30k€0▼
Social balance
Average headcount (FTE)90873.13.7▲
The notes to these accounts (23 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €413 | €0 | - | - |
| Remuneration, social security and pensions62 | €126k | €111k | €113k | €117k | €156k | ▲ 33.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39k | €42k | €42k | €13k | €14k | ▲ 5.3% |
| Other operating charges640/8 | €11k | €10k | €9k | €9k | €11k | ▲ 25.8% |
| Non-recurring operating charges66A | - | - | - | - | €26 | - |
| Gross operating margin9900 | €255k | €207k | €212k | €218k | €165k | ▼ 24.2% |
| Operating profit (loss)9901 | €78k | €44k | €48k | €79k | €-16k | ▼ 120% |
| Financial income75/76B | €322 | €217 | €121 | €0 | €6k | - |
| Recurring financial income75 | €322 | €217 | €121 | €0 | €6k | - |
| Non-recurring financial income76B | - | - | - | - | €6k | - |
| Financial charges65/66B | €21k | €21k | €25k | €26k | €23k | ▼ 11.1% |
| Recurring financial charges65 | €21k | €21k | €25k | €26k | €23k | ▼ 11.1% |
| Profit (loss) for the period before taxes9903 | €58k | €23k | €23k | €53k | €-33k | ▼ 163% |
| Income taxes67/77 | €12k | €5k | €6k | €14k | €3k | ▼ 80.4% |
| Profit (loss) for the period9904 | €46k | €18k | €16k | €38k | €-36k | ▼ 194% |
| Profit (loss) for the period to be appropriated9905 | €46k | €18k | €16k | €38k | €-36k | ▼ 194% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €729k | €735k | €699k | €687k | €593k | ▼ 13.7% |
| Fixed assets21/28 | €118k | €95k | €55k | €52k | €58k | ▲ 10.6% |
| Intangible fixed assets21 | - | €3k | €2k | €520 | €3k | ▲ 463% |
| Tangible fixed assets22/27 | €117k | €92k | €53k | €52k | €55k | ▲ 6.0% |
| Land and buildings22 | €93k | €75k | €43k | €36k | €44k | ▲ 21.8% |
| Plant, machinery and equipment23 | €11k | €7k | €5k | €11k | €8k | ▼ 24.9% |
| Furniture and vehicles24 | €12k | €10k | €5k | €4k | €2k | ▼ 50.8% |
| Financial fixed assets28 | €956 | - | - | - | - | - |
| Current assets29/58 | €611k | €640k | €644k | €635k | €535k | ▼ 15.7% |
| Stocks and contracts in progress3 | €339k | €389k | €405k | €419k | €377k | ▼ 9.9% |
| Stocks30/36 | €339k | €389k | €405k | €419k | €377k | ▼ 9.9% |
| Amounts receivable within one year40/41 | €178k | €142k | €166k | €135k | €136k | ▲ 1.2% |
| Trade receivables40 | €43k | €13k | €22k | €5k | €2k | ▼ 55.3% |
| Other amounts receivable41 | €136k | €128k | €145k | €130k | €134k | ▲ 3.3% |
| Cash at bank and in hand54/58 | €85k | €103k | €67k | €73k | €14k | ▼ 81.4% |
| Deferred charges and accrued income490/1 | €9k | €6k | €6k | €8k | €9k | ▲ 0.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €729k | €735k | €699k | €687k | €593k | ▼ 13.7% |
| Equity10/15 | €344k | €352k | €369k | €377k | €341k | ▼ 9.5% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | €19k | - | - | - | - | - |
| Issued capital100 | €19k | - | - | - | - | - |
| Reserves13 | €315k | €324k | €339k | €339k | €339k | = |
| Non-distributable reserves130/1 | €2k | - | - | - | - | - |
| Legal reserve130 | €2k | - | - | - | - | - |
| Distributable reserves133 | €313k | €324k | €339k | €339k | €339k | = |
| Profit (loss) carried forward14 | €11k | €10k | €11k | €20k | €-16k | ▼ 182% |
| Amounts payable17/49 | €385k | €382k | €330k | €310k | €252k | ▼ 18.8% |
| Amounts payable after more than one year17 | €185k | €165k | €144k | €123k | €99k | ▼ 19.1% |
| Financial debts170/4 | €185k | €165k | €144k | €123k | €99k | ▼ 19.1% |
| Amounts payable within one year42/48 | €200k | €217k | €186k | €187k | €153k | ▼ 18.5% |
| Current portion of amounts payable after more than one year42 | €29k | €22k | €22k | €23k | €25k | ▲ 6.1% |
| Financial debts43 | - | €50k | €25k | €0 | €38k | - |
| Credit institutions430/8 | - | €50k | €25k | €0 | €38k | - |
| Trade debts44 | €82k | €82k | €97k | €63k | €38k | ▼ 40.0% |
| Suppliers440/4 | €82k | €82k | €97k | €63k | €38k | ▼ 40.0% |
| Advances received on contracts in progress46 | €6k | - | - | - | - | - |
| Taxes, remuneration and social security45 | €64k | €54k | €40k | €80k | €49k | ▼ 39.1% |
| Taxes450/3 | €45k | €32k | €24k | €51k | €31k | ▼ 39.4% |
| Remuneration and social security454/9 | €20k | €22k | €16k | €29k | €18k | ▼ 38.7% |
| Other amounts payable47/48 | €19k | €9k | €2k | €21k | €4k | ▼ 81.5% |
| Accrued charges and deferred income492/3 | - | - | €88 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €46k | €18k | €16k | €38k | €-36k | ▼ 194% |
| + Depreciation and write-downs630 | €39k | €42k | €42k | €13k | €14k | ▲ 5.3% |
| Operating cash flow (approximation) | €85k | €60k | €58k | €52k | €-22k | ▼ 143% |
| Investment in fixed assets (approximation) | - | €-19k | €-1k | €-11k | €-19k | ▼ 80.9% |
| Change in cash | - | €18k | €-36k | €7k | €-60k | ▼ 1,009% |
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
12-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 12 days late
2025
31-12
Financial
Weakest financial yearnet €-36k
Net result drops to €-36k, the lowest in the series.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 19 days late
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €82k
Net result €82k after one loss-making year.
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Nivelles · 1 establishment unit since 2003
Ground area
1,493 m²
Building footprint
321 m²
Volume, LiDAR
1,973 m³
2 parcels, Flanders, Wallonia · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MCM GROUP Sprl
since 20032.134.199.245
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23035A0394/02B003 | Flanders | 1,027 m² | 1 · 232 m² | 9.3 m · 2 fl. |
| 25072B0147/00N000 | Wallonia | 466 m² | 1 · 89 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 337 companies in sector 32400 we hold annual accounts for 103. 57 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
Founded25-08-2003
Fiscal year end31-12
Activities, NACEBEL 2025
32400Other manufacturing
47640Retail sale of games and toys
46190Agents in non-specialised wholesale trade
Scores and ratios are computed by Checked and are not a credit decision.