Checked.be
Active
BE 0689.690.190Private limited company
MCN
Waterlose Steenweg 146 ·1060 Sint-Gillis (bij-Brussel), Belgium· 8 yrs active
Sector: Manufacture of food products
(10120)
Conclusion
The computed 12-month bankruptcy probability of MCN is 3.1% (moderate). The 2024 annual accounts show equity of €110k and a net result of €-5k. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 70% of 637 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 3 annual accounts.
Key figures
| Equity | €110k |
| Net result | €-5k |
| Staff (FTE) | 6 |
| Better than sector | 70% |
Financial profile
55
/ 100
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
63
Profitability
0
Solvency
80
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2018, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
63
/ 100
Healthy
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€7k
estimate, not credit advice
Score history
71
2022
55
2023
63
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.78 (≥ 1.5)
+10
Quick ratio
Quick ratio 1.74 (≥ 1.0)
+5
Leverage
Debt/equity 1.44 (< 2.0)
+3
Profitability
Negatieve ROE -4%
-10
Interest coverage
Interest coverage 3.5× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 29-09-2025 with the NBB · fiscal year 2024 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable
Equity: stable across 3 fiscal years (±2.3%/year).
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 10, Manufacture of food products · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 41.1% | 21.2% | |
| Net result | €-5k | €7k | |
| Equity | €110k | €26k | |
| Gross operating margin | €222k | €59k | |
| Staff costs | €211k | €61k |
€2k
-76.6%
22-24
€-5k
-861.3%
22-24
€-4k
-
22-24
€269k
-37.5%
22-24
€110k
-4.2%
22-24
€116k
-7.2%
22-24
6
+15.4%
22-24
€211k
+43.7%
22-24
€6k
-4.7%
22-24
€158k
-49.7%
22-24
€149k
-50.5%
22-24
1.78
+25.7%
22-24
1.74
+23.3%
22-24
41.1%
+53.4%
22-24
1.44
-47.5%
22-24
-4.4%
-903.5%
22-24
-1.8%
-1438.9%
22-24
3.55
-67.9%
22-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema |
| Revenue | - | - | - |
| EBITDA | €2k | €10k | €10k |
| Net profit | €-5k | €-504 | €7k |
| Cash flow | €-4k | €3k | €7k |
| Staff costs | €211k | €147k | €124k |
| Income taxes | €6k | €6k | €3k |
| Dividends | - | - | - |
| Total assets | €269k | €430k | €436k |
| Equity | €110k | €115k | €116k |
| Debt | €158k | €315k | €320k |
| of which ≤ 1y | €149k | €301k | €297k |
| of which > 1y | - | - | - |
| Working capital | €116k | €125k | €134k |
| Employees (FTE) | 6.0 | 5.2 | - |
Ratios (computed)
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Current ratio | 1.78 | 1.42 | 1.45 |
| Quick ratio | 1.74 | 1.41 | 1.44 |
| Working capital ratio | 43.2% | 29.1% | 30.7% |
| Solvency | 41.1% | 26.8% | 26.5% |
| Debt / equity | 1.44 | 2.74 | 2.77 |
| Long-term debt ratio | - | - | - |
| Interest coverage | 3.55 | 11.05 | 28.48 |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | -1.8% | -0.1% | 1.5% |
| ROE | -4.4% | -0.4% | 5.7% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Balance-sheet composition 2024
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €269k | €430k | €436k |
| Fixed assets | 21/28 | €4k | €4k | €5k |
| Tangible fixed assets | 22/27 | €3k | €4k | €4k |
| Financial fixed assets | 28 | €479 | €479 | €479 |
| Current assets | 29/58 | €265k | €426k | €431k |
| Stocks & contracts in progress | 3 | €6k | €2k | €2k |
| Amounts receivable within one year | 40/41 | €217k | €329k | €372k |
| Cash & bank | 54/58 | €42k | €93k | €57k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €269k | €430k | €436k |
| Equity | 10/15 | €110k | €115k | €116k |
| Contributions / capital | 10/11 | €6k | €6k | €6k |
| Reserves | 13 | €2k | €2k | €2k |
| Accumulated profits (losses) | 14 | €102k | €107k | €108k |
| Amounts payable | 17/49 | €158k | €315k | €320k |
| Amounts payable within one year | 42/48 | €149k | €301k | €297k |
| Trade debts payable within one year | 44 | €102k | €240k | €227k |
| Income statement | ||||
| Gross operating margin | 9900 | €222k | €270k | €408k |
| Operating result | 9901 | €2k | €7k | €10k |
| Financial charges | 65 | €688 | €944 | €367 |
| Result before taxes | 9903 | €1k | €6k | €10k |
| Income taxes | 67/77 | €6k | €6k | €3k |
| Net result for the period | 9904 | €-5k | €-504 | €7k |
| Result to be appropriated | 9905 | €-5k | €-504 | €7k |
Legal Structure
| NACE primary | Manufacture of food products(10120) |
| Legal form | Private limited company(610) |
| Incorporation | 01-02-2018 |
| Status | Active |
| Postal code | 1060 |
Establishment units
MCN
since 20182.275.008.108
MCN
since 20252.374.176.948
Real-estate footprint
Flanders
1
(33.3%)
Brussels
2
(66.7%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21003A0338/00G002 | Brussels | 6,049 m² | 1 · 1,196 m² | 8.5 m · 2 fl. |
| 23602K0056/00Y000 | Flanders | 1,491 m² | 1 · 259 m² | 3.9 m · 1 fl. |
| 21013B0270/00E000 | Brussels | 91 m² | 1 · 92 m² | 20.3 m · 5 fl. |
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
25-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 329 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 119 days late
2019
02-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 124 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Manufacture of food products10120Manufacture of food products10110Manufacture of food products10111
Names & trade names
| Legal nameFR | MCN |
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