Active BE 0729.732.483Private limited company

MCO Projects

Tulpenlaan 13 ·9990 Maldegem, Belgium· 7 yrs active

Sector: Other non-specialised retail sale (47120)

Conclusion Checked

MCO Projects has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €95k and a net result of €89k. Its solvency ranks better than 62% of 1433 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€95k
Net result	€89k
Better than sector	62%
Active	7 yrs

Financial profile 5 of 5 axes measured · computed by Checked

80 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 81

Profitability 100

Solvency 66

Growth 52

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

1.5% Low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2019, 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 Flags0 events

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 FY 2025 · computed

81 / 100 Excellent

050100

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.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview6 NBB filings

Annual accounts filed on 17-12-2025 with the NBB · fiscal year 2025 · micro schema

Operating resultNet result

Sector comparison

Fiscal year 2025 · NACE 47, Retail trade · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	37.2%	23.5%	better than 62% of 1433 sector peers
Net result	€89k	€7k	better than 94% of 1430 sector peers
Equity	€95k	€25k	better than 78% of 1435 sector peers
Gross operating margin	€123k	€34k	better than 81% of 1427 sector peers
Total assets	€256k	€132k	better than 70% of 1434 sector peers

EBITDA

€122k

-1.3% 24-25

Net profit

€89k

-1.2% 24-25

Cash flow

€95k

-0.9% 24-25

Total assets

€256k

+5.1% 24-25

Equity

€95k

+1533.1% 24-25

Working capital

€61k

- 24-25

Income taxes

€24k

-2.3% 24-25

Dividends

€0

-100.0% 24-25

Debt

€161k

-32.4% 24-25

Debt ≤ 1y

€161k

-32.4% 24-25

Current ratio

1.38

+54.7% 24-25

Quick ratio

1.31

+55.6% 24-25

Solvency

37.2%

+1454.4% 24-25

Debt / equity

1.69

-95.9% 24-25

ROE

93.9%

-94.0% 24-25

ROA

34.9%

-6.0% 24-25

Interest coverage

48.04

+7.7% 24-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro schema
Revenue	-
EBITDA	€122k
Net profit	€89k
Cash flow	€95k
Staff costs	-
Income taxes	€24k
Dividends	€0
Total assets	€256k
Equity	€95k
Debt	€161k
of which ≤ 1y	€161k
of which > 1y	-
Working capital	€61k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	1.38
Quick ratio	1.31
Working capital ratio	24.0%
Solvency	37.2%
Debt / equity	1.69
Long-term debt ratio	-
Interest coverage	48.04
Gross margin	-
Net margin	-
ROA	34.9%
ROE	93.9%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

This table shows the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan. See plans →

Balance-sheet composition 2025

Assets

Fixed assets €34k · 13.2% Current assets €222k · 86.9%

Equity & liabilities

Equity €95k · 37.2% Debt €161k · 62.8%

Full annual accounts (23 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€256k
Fixed assets	21/28	€34k
Tangible fixed assets	22/27	€33k
Financial fixed assets	28	€600
Current assets	29/58	€222k
Stocks & contracts in progress	3	€12k
Amounts receivable within one year	40/41	€71k
Cash & bank	54/58	€138k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€256k
Equity	10/15	€95k
Contributions / capital	10/11	€5k
Accumulated profits (losses)	14	€90k
Amounts payable	17/49	€161k
Amounts payable within one year	42/48	€161k
Trade debts payable within one year	44	€4k
Income statement
Gross operating margin	9900	€123k
Operating result	9901	€116k
Financial income	75	€44
Financial charges	65	€3k
Result before taxes	9903	€113k
Income taxes	67/77	€24k
Net result for the period	9904	€89k
Result to be appropriated	9905	€89k

Legal Structure

NACE primary	Other non-specialised retail sale(47120)
Legal form	Private limited company(610)
Incorporation	03-07-2019
Status	Active
Postal code	9990

Establishment units 1 location

MCO Projects

Tulpenlaan 13, 9990 MaldegemManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

since 20192.290.847.218

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
43010C0250/00T000	Flanders	820 m²	1 · 125 m²	-

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 6 events

All 6 NBB filing 6

2021 2021: 1 NBB filing 2022 2022: 1 NBB filing 2023 2023: 1 NBB filing 2024 2024: 1 NBB filing 2025 2025: 2 NBB filings

2025

17-12-2025 NBB filing Annual accounts filed

fiscal year 2025 · micro schema

02-01-2025 NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

29-01-2024 NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-01-2023 NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

01-02-2022 NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

29-01-2021 NBB filing Annual accounts filed

fiscal year 2020 · micro schema

Belgian State Gazette reading coverage 0 of 2 acts read

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.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Other non-specialised retail sale47120Retail trade47910Manufacture of metal structures and parts of structures25110Manufacture of dining room, living room, bedroom and bathroom furniture31004IT consultancy62020Computer consultancy and computer facilities management62200

Names & trade names

Legal nameNL

MCO Projects

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