MCore Services (0741.414.253): financials and annual accounts

MCore Services

Ostend ·KBO/BCE: BE 0741.414.253

Line	2025	2024	2023	2022	2021
Balance sheet: assets
Total assets`20/58`	122,872	104,228	99,133	67,471	48,646
Fixed assets`21/28`	3,438	6,019	9,546	13,294	7,945
Tangible fixed assets`22/27`	3,438	6,019	9,546	13,294	7,945
Plant, machinery and equipment`23`	2,792	4,595	6,399	8,203	-
Furniture and vehicles`24`	646	1,424	3,147	5,091	7,945
Current assets`29/58`	119,434	98,208	89,587	54,177	40,701
Amounts receivable within one year`40/41`	112,522	94,660	84,791	54,177	32,660
Trade receivables`40`	18,230	13,597	1,323	2,021	4,776
Other amounts receivable`41`	94,292	81,063	83,468	52,156	27,885
Cash at bank and in hand`54/58`	1,874	1,027	4,796	-	8,026
Deferred charges and accrued income`490/1`	5,039	2,522	-	-	15
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	122,872	104,228	99,133	67,471	48,646
Equity`10/15`	6,162	-4,219	-10,008	22,665	25,157
Contributions`10/11`	25,000	25,000	25,000	25,000	25,000
Profit (loss) carried forward`14`	-18,838	-29,219	-35,008	-2,335	157
Amounts payable`17/49`	116,709	108,446	109,141	44,806	23,489
Amounts payable after more than one year`17`	17,381	25,280	13,845	-	-
Financial debts`170/4`	17,381	25,280	13,845	-	-
Amounts payable within one year`42/48`	99,328	83,167	91,757	42,547	21,270
Current portion of amounts payable after more than one year`42`	13,952	13,952	7,988	4,781	-
Financial debts`43`	21,615	29,833	29,785	23,283	501
Credit institutions`430/8`	21,615	29,833	29,785	23,283	-
Other loans`439`	-	-	-	-	501
Trade debts`44`	9,483	13,729	32,484	10,139	16,087
Suppliers`440/4`	9,483	13,729	32,484	10,139	16,087
Taxes, remuneration and social security`45`	54,278	25,653	21,499	4,344	4,682
Taxes`450/3`	54,278	25,653	21,499	4,344	4,682
Accrued charges and deferred income`492/3`	-	0	3,540	2,259	2,219
Income statement
Non-recurring operating income`76A`	-	-	-	-	8,800
Gross operating margin`9900`	16,461	15,789	-20,938	4,249	8,318
Remuneration, social security and pensions`62`	0	-127	0	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	2,582	3,526	4,929	5,594	6,126
Other operating charges`640/8`	1,580	0	1,811	460	1,082
Non-recurring operating charges`66A`	-	-	-	-	1,082
Operating profit (loss)`9901`	12,300	12,390	-27,678	-1,804	28
Financial income`75/76B`	5,780	3,887	0	1,887	1,443
Recurring financial income`75`	5,780	3,887	0	1,887	1,443
Financial charges`65/66B`	7,699	7,307	4,996	2,250	1,314
Recurring financial charges`65`	7,699	7,307	4,996	2,250	1,314
Profit (loss) for the period before taxes`9903`	10,381	8,969	-32,673	-2,168	157
Income taxes`67/77`	0	3,180	0	324	-
Profit (loss) for the period`9904`	10,381	5,790	-32,673	-2,492	157
Profit (loss) for the period to be appropriated`9905`	10,381	5,790	-32,673	-2,492	157
Appropriation of the result
Profit (loss) to be appropriated`9906`	-18,838	-29,219	-35,008	-2,335	157
Profit (loss) brought forward from the previous period`14P`	-29,219	-35,008	-2,335	157	-
Document	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	15-10-2026	2026-00559292	PDF
31-12-2024	abbreviated format	10-09-2026	2026-00511333	PDF
31-12-2023	abbreviated format	22-07-2025	2025-00312803	PDF
31-12-2022	micro format	26-04-2024	2024-00078227	PDF
31-12-2021	micro format	30-09-2022	2022-20449383	PDF

Line	2025	2024	2023	2022	2021
EBITDA	14,881	15,916	-22,749	3,789	6,154
Cash flow	12,963	9,316	-27,745	3,102	6,283
Investment in fixed assets (approximation)	0	0	1,180	10,943	15,153
Change in cash	847	-3,769	-	-	-
Working capital	20,106	15,042	-2,170	11,630	19,431
Solvency	5.0%	-4.0%	-10.1%	33.6%	51.7%
Current ratio	1.20	1.18	0.98	1.27	1.91
Debt to equity	18.94	-	-	1.98	0.93
ROE	168.5%	-	-	-11.0%	0.6%
ROA	8.4%	5.6%	-33.0%	-3.7%	0.3%
Interest coverage	1.93	2.18	-4.55	1.68	4.68

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	-	€1,180	€10,943	€15,153
Depreciation and write-downs of the year	€2,582	€3,526	€4,929	€5,594	€6,126

MCore Services

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency5.0%

Current ratio1.20

Return on assets8.4%

Filed annual accounts

Filings

Key figures and ratios

Overdue debts

Investments

Insights on MCore Services

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