Equity
€85,048 ▼ 49.9%
MConcept paid out €86,823 in dividends. That is 4,396% of the 2025 profit.
MConcept
Lifetime
19 annual accounts with figures on one time axispeak €399,097 (2006)
€7,523▼ 70.9%
lowest -€20,719 (2022)
€1,975▼ 76.8%
peak €298,321 (2021)
€85,048▼ 49.9%
€159,579▼ 8.4%
Board1 name since 2022
1 directorCANDELA SORIANO Maria de las Mercedes
Documentsfilings and deeds
26-02-202626 days late
2025micro format
Gross margin from €25,827 to €7,523Result from €8,528 to €1,975Dividend €86,823Equity from €169,896 to €85,048Investments €9,026
Key points
from the 2025 annual accountsInvestments
€9,026 4.6 × depreciation
Green is investment, beige is depreciation.
Filings
19 annual accounts since 2006
Eight of the last ten came late. The 2022 accounts came latest: 338 days after the end of the period.
Checked score
94
Excellent
Financially stronger than 50% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,627 companies (NACE 68, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.3%▲ +0.1 percentage points vs 01-2025highest value
03-2025: 0.2%▼ -0.1 percentage points vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.1%▼ -0.1 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: < 0.1%▼ -0.1 percentage points vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 1.48, cash €174,403
Size: total assets €244,626
Founded in 2005
Sector: Real estate activities (NACE 68)
Calculation
The band follows from the bankruptcy probability. 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 68, micro). It does better than 53% of them on solvency, 77% on liquidity, 58% on profitability and 12% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 17,041 companies had the same profile as MConcept has now. Each dot stands for 43 companies, two years later.
94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MConcept itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,041 companies, not a prediction for MConcept. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €7,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.48 (1.96 in 2024), below the usual 1.5. Short-term debt is 65.1% and cash 71.3% of total assets. 65.2% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 26 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 26-02-2026, 26 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 · 10 filingsDeviation from the deadline
2025
26 days late
2024
4 days late
2023
8 days late
2022
338 days late
2021
57 days late
2020
29 days late
2019
3 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 66 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 26 February (4 of the last 5 accounts filed within 31 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end11-11-2026 today31-01-2027 deadline
Recent changes
Registered office moved within Brussels
New registered office: Avenue Louise 244/boîte 18, 1050 Bruxelles · Previous registered office: Rue de Crayer 19, 1000 Bruxelles · Change of role: CANDELA SORIANO Maria de las Mercedes, from manager to director · General meeting of 06-07-2023 · Gazette deed
First establishment
Atrebatenstraat 31, Etterbeek
Incorporation
published on 01-12-2005 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MConcept Brussels | €244,626 | €7,523 | 34.8% | - |
| CHAZAL REAL ESTATE Brussels | €191,951 | €6,572 | 1.4% | - |
| B.I.S. Wichelen | €231,762 | €6,518 | 98.4% | 0 |
| B-Tope events Poperinge | €224,339 | €6,337 | 40.5% | - |
| Norma Hendy Aarschot | €249,465 | €7,215 | -84.1% | - |
| NEUF - NEW - NEGEN Evere | €313,019 | €5,705 | 75.7% | - |
| DE MEUTER VASTGOED Lennik | €308,603 | €8,657 | 26.1% | - |
These companies have the same main activity as MConcept: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €192,000 and €313,000, founded between 2000 and 2007.
Official details
Source: KBO- Status
- Active since 21-11-2005Normal situation
- Registered office
- 15 active companies are registered at this addressSource: KBO register, as of 10 November 2026.
- Activity
- Buying and selling of own real estateNACE 68110and 3 others
- Establishment unit
- 2.188.617.1361040 Etterbeek, since 09-02-2010
- Financial year end
- 30 June
- Peppol
- Reachable
Annual accounts to 30-06-2025
- ≈ €29,000estimated
- €244,626▼ 28.9%
- Filing
- Filed on 26-02-2026
Insights on MConcept
MConcept files the micro format. That format states no turnover. The gross margin fell from €399,097 in 2006 to €7,523 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MConcept
- What is the company number of MConcept?
- The company number of MConcept is 0877.374.007. The VAT number is the same number with BE in front: BE 0877.374.007.
- Where is MConcept based?
- The registered office is at Louizalaan 244, 1050 Brussels.Company details
- What does MConcept do?
- According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
- What is the legal form of MConcept?
- MConcept is a private limited company (BV).
- When was MConcept founded?
- MConcept was founded on 21-11-2005.
- Is MConcept still active?
- Yes, MConcept is an active enterprise in the KBO register.
- What is the turnover of MConcept?
- The turnover in financial year 2025 is ≈ €29,000. This figure is estimated from the gross margin of €7,523 and 30 comparable companies (NACE 68110). It probably lies between €16,000 and €73,000. It is a rough estimate.Financials
- Is MConcept profitable?
- In financial year 2025, MConcept made a profit of €1,975.
- Where can I find the annual accounts of MConcept?
- MConcept filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MConcept due?
- MConcept must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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