MCQC · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of MCQC is 0.2% (very low). The 2025 annual accounts show equity of €5k and a net result of €225k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 6% of 2219 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Signals

2 signals · with evidence

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 6% of 2219 sector peers (2025).

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-03-2026, 126 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

How we compute the deadline

The year end is derived from 4 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	27-03-2026	126 d early	2026-00063805
31-12-2024	31-07-2025	01-07-2025	30 d early	2025-00207866
31-12-2023	31-07-2024	18-07-2024	13 d early	2024-00266601
31-12-2022	31-07-2023	30-08-2023	30 d late	2023-00419517

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2022, 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.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.2% Very low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Young company +Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€225k+1229.0%

Working capital€-171k

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 27-03-2026 with the NBB · fiscal year 2025 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

volatile Too volatile to project: the yearly deviation from the trend is ~63% of the level (threshold 35%). We therefore deliberately show no projection line.

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 2025 · NACE 86, Human health · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	0.7%	58.2%	better than 6% of 2219 sector peers
Net result	€225k	€60k	better than 92% of 2217 sector peers
Equity	€5k	€74k	better than 16% of 2219 sector peers
Gross operating margin	€356k	€95k	better than 93% of 2219 sector peers
Total assets	€703k	€187k	better than 92% of 2219 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P6

Weakening position over 2022-2025 · n=2219-6584

Net result P92

Improving position over 2022-2025 · n=2217-6578

Equity P16

Stable position over 2022-2025 · n=2219-6584

Gross operating margin P93

Improving position over 2022-2025 · n=2219-6586

Describes the position versus peers, not a forecast.

EBITDA

€352k

+511.4% 22-25

Net profit

€225k

+1229.0% 22-25

Cash flow

€254k

+653.7% 22-25

Total assets

€703k

+8.4% 22-25

Equity

€5k

-80.6% 22-25

Working capital

€-171k

- 22-25

Income taxes

€71k

+847.8% 22-25

Dividends

€246k

+19561.6% 22-25

Show 10 other metrics

Debt

€698k

+12.0% 22-25

Debt ≤ 1y

€272k

+639.1% 22-25

Debt > 1y

€423k

-27.3% 22-25

Current ratio

0.37

-86.4% 22-25

Quick ratio

0.37

-86.4% 22-25

Solvency

0.7%

-82.1% 22-25

Debt / equity

139.55

+476.5% 22-25

ROE

4500.8%

+6739.4% 22-25

ROA

32.0%

+1126.5% 22-25

Interest coverage

13.07

+272.2% 22-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	-
EBITDA	€352k
Net profit	€225k
Cash flow	€254k
Staff costs	-
Income taxes	€71k
Dividends	€246k
Total assets	€703k
Equity	€5k
Debt	€698k
of which ≤ 1y	€272k
of which > 1y	€423k
Working capital	€-171k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	0.37
Quick ratio	0.37
Working capital ratio	-24.3%
Solvency	0.7%
Debt / equity	139.55
Long-term debt ratio	84.53
Interest coverage	13.07
Gross margin	-
Net margin	-
ROA	32.0%
ROE	4500.8%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €600k · 85.6% Current assets €101k · 14.4%

Equity & liabilities

Equity €5k · 0.7% Debt €698k · 99.3%

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	€703k
Fixed assets	21/28	€600k
Formation expenses	20	€2k
Tangible fixed assets	22/27	€600k
Current assets	29/58	€101k
Amounts receivable within one year	40/41	€5k
Investments	50/53	€80k
Cash & bank	54/58	€4k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€703k
Equity	10/15	€5k
Contributions / capital	10/11	€5k
Amounts payable	17/49	€698k
Amounts payable after one year	17	€423k
Amounts payable within one year	42/48	€272k
Trade debts payable within one year	44	€5k
Income statement
Gross operating margin	9900	€356k
Operating result	9901	€323k
Financial income	75	€12
Financial charges	65	€27k
Result before taxes	9903	€296k
Income taxes	67/77	€71k
Net result for the period	9904	€225k
Result to be appropriated	9905	€225k

This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

48 / 100 Fair

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.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

3 companies at this address See who is registered here

Establishment units

1 location

MCQC

Mechelsestraat 201, 3000 LeuvenActiviteiten van medisch specialisten

since 20222.334.563.831

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area223 m²

Buildings1

Building footprint133 m²

Volume (LiDAR)1,493 m³

Tallest building17.6 m · ±4 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)