MCRE
ActiveSummary
MCRE has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €26k and a net result of €6k. Equity is growing by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 55% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability70▲+26
Solvency62▼-9
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 1.54 against 1.73 in 2023; short-term debt: 63.1% and cash: 0.4% of total assets), but 63.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
36.9%
Return on assets
9.2%
Age of the figures
21 mo
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-08-2025, 19 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
19 d late
2023
35 d early
2022
35 d early
2021
45 d early
2020
65 d early
2019
4 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2024, micro schema
Equity
€26k▲ 33.2%
2023 · €19k
Total assets
€69k▲ 67.0%
2023 · €41k
Net result
€6k▲ 12,479%
2023 · €51
Working capital
€24k▲ 45.0%
2023 · €16k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€2k▼ 85.5%€8k▲ 453%€16k▲ 87.4%€2k▼ 87.5%€12k▲ 497%
Net result€620▼ 92.2%€5k▲ 637%€10k▲ 114%€51▼ 99.5%€6k▲ 12,479%
Equity€15k▲ 4.4%€9k▼ 36.7%€19k▲ 104%€19k▲ 0.3%€26k▲ 33.2%
Total assets€51k▲ 125%€33k▼ 35.9%€76k▲ 134%€41k▼ 45.5%€69k▲ 67.0%
Debt€36k▲ 331%€23k▼ 35.5%€57k▲ 146%€22k▼ 60.9%€44k▲ 96.0%
Working capital€14k▼ 1.4%€8k▼ 43.1%€15k▲ 90.0%€16k▲ 6.6%€24k▲ 45.0%
Staff (FTE)0.4▲ 33.3%1▲ 150%0.4▼ 60.0%1▲ 150%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 497% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €69k
Fixed assets
€2k ▼ 33.4%
Current assets
€67k ▲ 74.5%
Equity and liabilities €69k
Equity
€26k ▲ 33.2%
Debt
€44k ▲ 96.0%
Debt's share of the balance-sheet total rises from 53.7% to 63.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€13k▲
2023 · €3k
Cash flow
€7k▲
2023 · €1k
Current ratio
1.54▼
2023 · 1.73
Debt to equity
1.71▲
2023 · 1.16
ROE
24.9%▲
2023 · 0.3%
ROA
9.2%▲
2023 · 0.1%
Interest coverage
4.78▲
2023 · 2.97
Debt ≤ 1 year
€44k▲
2023 · €22k
Income taxes
€3k▲
2023 · €936
Staff costs
€38k▲
2023 · €36k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €16k | €39k | €36k | €38k | ▲ 5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €78 | €474 | €961 | €961 | = |
| Other operating charges640/8 | - | €62 | €757 | €446 | €511 | ▲ 14.5% |
| Gross operating margin9900 | €19k | €24k | €56k | €39k | €51k | ▲ 30.2% |
| Operating profit (loss)9901 | €2k | €8k | €16k | €2k | €12k | ▲ 497% |
| Financial income75/76B | - | - | - | - | €6 | - |
| Recurring financial income75 | €1 | - | - | - | €6 | - |
| Financial charges65/66B | - | €1k | €951 | €988 | €3k | ▲ 170% |
| Recurring financial charges65 | €173 | €1k | €951 | €988 | €3k | ▲ 170% |
| Profit (loss) for the period before taxes9903 | €1k | €7k | €15k | €986 | €9k | ▲ 825% |
| Income taxes67/77 | €736 | €3k | €5k | €936 | €3k | ▲ 194% |
| Profit (loss) for the period9904 | €620 | €5k | €10k | €51 | €6k | ▲ 12,479% |
| Profit (loss) for the period to be appropriated9905 | €620 | €5k | €10k | €51 | €6k | ▲ 12,479% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €51k | €33k | €76k | €41k | €69k | ▲ 67.0% |
| Fixed assets21/28 | €656 | €2k | €4k | €3k | €2k | ▼ 33.4% |
| Tangible fixed assets22/27 | - | €2k | €4k | €3k | €2k | ▼ 33.4% |
| Furniture and vehicles24 | - | €2k | €4k | €3k | €2k | ▼ 33.4% |
| Financial fixed assets28 | €656 | - | - | - | - | - |
| Current assets29/58 | €50k | €31k | €72k | €39k | €67k | ▲ 74.5% |
| Amounts receivable within one year40/41 | €7k | €7k | €13k | €34k | €67k | ▲ 98.3% |
| Trade receivables40 | - | €7k | €10k | €30k | €67k | ▲ 126% |
| Other amounts receivable41 | - | - | €4k | €4k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €41k | €24k | €58k | €2k | €269 | ▼ 87.6% |
| Deferred charges and accrued income490/1 | - | - | €449 | €3k | €154 | ▼ 94.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €51k | €33k | €76k | €41k | €69k | ▲ 67.0% |
| Equity10/15 | €15k | €9k | €19k | €19k | €26k | ▲ 33.2% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €2k | €2k | €2k | €13k | €19k | ▲ 49.1% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €0 | ▼ 100% |
| Distributable reserves133 | - | - | - | €11k | €19k | ▲ 74.1% |
| Profit (loss) carried forward14 | €7k | €1k | €11k | €0 | - | - |
| Amounts payable17/49 | €36k | €23k | €57k | €22k | €44k | ▲ 96.0% |
| Amounts payable within one year42/48 | €36k | €23k | €57k | €22k | €44k | ▲ 96.0% |
| Financial debts43 | - | - | - | - | €19k | - |
| Credit institutions430/8 | - | - | - | - | €19k | - |
| Trade debts44 | €16k | €7k | €37k | €8k | €8k | ▼ 9.2% |
| Suppliers440/4 | - | €7k | €37k | €8k | €8k | ▼ 9.2% |
| Taxes, remuneration and social security45 | - | €6k | €20k | €13k | €16k | ▲ 23.1% |
| Taxes450/3 | - | €6k | €12k | €7k | €8k | ▲ 25.3% |
| Remuneration and social security454/9 | - | €46 | €8k | €7k | €8k | ▲ 21.0% |
| Other amounts payable47/48 | - | €10k | €0 | €522 | €641 | ▲ 22.8% |
| Accrued charges and deferred income492/3 | - | €280 | €0 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €620 | €5k | €10k | €51 | €6k | ▲ 12,479% |
| + Depreciation and write-downs630 | - | €78 | €474 | €961 | €961 | = |
| Operating cash flow (approximation) | €620 | €5k | €10k | €1k | €7k | ▲ 625% |
| Investment in fixed assets (approximation) | - | €-1k | €-3k | €0 | €0 | - |
| Change in cash | - | €-17k | €35k | €-56k | €-2k | ▲ 96.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €51 ▼99.5%
Net result drops to €51, the lowest in the series; recovery starts the following year.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2019net €10k ▲114%
Operating result €16k, net result €10k, both a record.
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Hasselt · 1 establishment unit since 2019
Ground area
933 m²
Building footprint
70 m²
Volume, LiDAR
711 m³
Parcel 71022H0589/00M000, Flanders · tallest building 13.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
MCRE bvba
since 20192.286.188.149
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71022H0589/00M000 | Flanders | 933 m² | 1 · 70 m² | 13.3 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 11,756 companies in sector 68310 we hold annual accounts for 6,906. 4,213 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-02-2019
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
68321Property management for co-owned buildings (syndics)
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.
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