Financials
- Financial year
- 2024
- Total assets
- €268,567
- Loss
- -€4,843
- Solvency
- 41.1%
Total assets▼ 37.5%
Net result
20182024
MCN
ActiveSummary
The computed 12-month bankruptcy probability of MCN is 4.9% (elevated). The 2024 annual accounts show equity of €110,256 and a net result of -€4,843. Equity is growing by about 12% per year across the filed financial years. Its solvency ranks better than 60% of 2,050 sector peers (NACE 10, financial year 2024). The company has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Manufacture of food products
NACE 10120
1 site
Size
≈ €560,000turnover 2024, estimated
- Staff
- 6 FTE
- Equity
- €110,256
- Loss
- -€4,843
Turnover estimated from the gross margin
Structure
2025 accounts not filed, 90 days past the deadline1 of 5 deeds summarised
Why 38raises riskFigures for financial year 2024 (filed 30-09-2025)1 financial year not filed after the legal deadline; last filed accounts filed 60 days late; 2 of the last 3 lateSector: Manufacture of food products (NACE 10)Founded in 2018Show the evidence
Checked score
Score 2024
38
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 38% of its sector peers (NACE 10, micro)
Financial strength · tick = 2023
Average
Solvency
66+14
equity 41.1% of total assets
Liquidity
41+1
short-term debt 55.4% · cash 15.5%
Profitability
46-23
return on assets -1.8%
Bankruptcy probability, 12 months
4.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 2.3%
12-2024: 2.3%● unchanged vs 11-2024
01-2025: 2.3%● unchanged vs 12-2024
02-2025: 2.3%● unchanged vs 01-2025
03-2025: 2.3%● unchanged vs 02-2025
04-2025: 2.3%● unchanged vs 03-2025
05-2025: 2.4%▲ +0.1 percentage points vs 04-2025
06-2025: 2.3%▼ -0.1 percentage points vs 05-2025
07-2025: 1.4%▼ -0.9 percentage points vs 06-2025lowest value
08-2025: 2.1%▲ +0.7 percentage points vs 07-2025
09-2025: 2.1%● unchanged vs 08-2025
10-2025: 2.5%▲ +0.4 percentage points vs 09-2025
11-2025: 2.5%● unchanged vs 10-2025
12-2025: 2.5%● unchanged vs 11-2025
01-2026: 2.5%● unchanged vs 12-2025
02-2026: 2.5%● unchanged vs 01-2026
03-2026: 2.1%▼ -0.4 percentage points vs 02-2026
04-2026: 2.1%● unchanged vs 03-2026
05-2026: 2.1%● unchanged vs 04-2026
06-2026: 2.0%▼ -0.1 percentage points vs 05-2026
07-2026: 2.0%● unchanged vs 06-2026
08-2026: 2.7%▲ +0.7 percentage points vs 07-2026
09-2026: 3.2%▲ +0.5 percentage points vs 08-2026
10-2026: 4.9%▲ +1.7 percentage points vs 09-2026highest value
Credit of up to €4,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity ample (current ratio 1.78, compared with 1.42 in 2023, above the usual 1.5; short-term debt: 55.4% and cash: 15.5% of total assets), but 58.9% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 10, micro): better than 59% on solvency, 33% on liquidity, 28% on profitability and 33% on growth.
The bankruptcy probability was computed on 28-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Six signals.
raises risk
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 90 days later.
NBB · 7 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline29-10-2026 today
raises risk · 2024 accounts filed 60 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 7 filingsDeviation from the deadline
2025
not filed
2024
60 days late
2023
30 days late
2022
92 days late
2021
329 days late
2020
90 days late
2019
119 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 120 days after the deadline; the sector median (NACE 10) for financial year 2024 is 4 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · micro…
- Weakest financial yearnet -€4,843
- Annual accounts filedfinancial year 2023 · micro…
Key points
By topic
Timeline
- Events
- 10
- Since
- 2019
- 28-02-2024Amendment of the articles · Legal-form change…
- 31-10-2023Annual accounts filed
- 25-06-2023Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Manufacture of food productsNACE 10120
- Founded
- 01-02-2018
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 36
- Annual meeting
- Third Friday of June at 20:00
- Purpose
- “Vente de viandes en gros et en détail” (deed in French)
Key facts about MCN
- What is the company number of MCN?
- 0689.690.190. In Belgium the VAT number is the company number with BE in front: BE 0689.690.190.
- Where is MCN based?
- The registered office is at Waterlose Steenweg 146, 1060 Sint-Gillis (bij-Brussel).Company details
- What does MCN do?
- According to the KBO register, the main activity is manufacture of food products (NACE 10120).
- What is the legal form of MCN?
- Private limited company (BV).
- When was MCN founded?
- On 01-02-2018.
- Is MCN still active?
- Yes, MCN is an active enterprise in the KBO register.
- How many employees does MCN have?
- On average 6 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of MCN?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
- Is MCN profitable?
- In financial year 2024, MCN made a loss of €4,843.
- Where can I find the annual accounts of MCN?
- MCN filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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