MCS
ActiveSummary
MCS has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€7.1m) and a net result of -€1.0m. Equity is shrinking by ~49% per year across the filed fiscal years. Its solvency ranks better than 13% of 1460 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Staff
- 12.1 FTE
- Equity
- -€7.1m
- Loss
- -€1.0m
- Parent
- Spacewell International · 100%
- Holdings
- 1
Why 36- Annual accounts: weaker financial profile- Negative equity+ Lower-failure-rate sector+ Long track record+ Lower-risk legal formLatest accounts filed on timeShow the evidence
Checked score
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 6 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
- Annual accounts filedfiscal year 2025 · full…
- Annual accounts filedfiscal year 2024 · full…
- Annual accounts filedfiscal year 2023 · full…
Financials
Fiscal year 2025Turnover €4.9mLoss -€1.0mSolvency -31.1%Liquidity 0.71
Financials · fiscal year 2025, full schema
Trend over the years
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Result and balance sheet
Key figures and ratios
Peer companies
Historical observationOf the 1,242 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 93% are still going.
- Small
- 20 years or older
- negative equity
- a small loss
A further 1.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,242 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Filed annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €9.3m | €7.8m | €6.1m | €4.4m | €4.9m | ▲ 11.8% |
| Turnover70 | €9.6m | €7.7m | €6.1m | €4.4m | €4.9m | ▲ 11.9% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | -€0.4m | €0 | - | - | - | - |
| Other operating income74 | €0.1m | €0.01m | €0.06m | €0.01m | €0.009m | ▼ 21.3% |
| Operating charges60/66A | €10.5m | €10.2m | €9.1m | €6.3m | €5.7m | ▼ 9.3% |
| Goods for resale, raw materials and consumables60 | €6.0m | €5.4m | €3.5m | €2.9m | €3.2m | ▲ 9.6% |
| Purchases600/8 | €6.1m | €5.3m | €3.5m | €2.9m | €3.2m | ▲ 9.6% |
| Change in stocks: decrease (increase)609 | -€0.04m | €0.04m | €0.006m | €0 | - | - |
| Services and other goods61 | €1.5m | €1.5m | €2.1m | €1.0m | €0.7m | ▼ 28.1% |
| Remuneration, social security and pensions62 | €3.0m | €3.1m | €3.4m | €2.2m | €1.7m | ▼ 22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.1m | €0.1m | €0.04m | €0.08m | €0.08m | ▲ 0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€0.05m | €0 | - | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€0.03m | €0 | - | - | - | - |
| Other operating charges640/8 | €0.01m | €0.06m | €0.01m | €0.004m | €0.02m | ▲ 468% |
| Non-recurring operating charges66A | - | - | - | €0.1m | €0 | ▼ 100% |
| Operating profit (loss)9901 | -€1.2m | -€2.4m | -€2.9m | -€1.9m | -€0.8m | ▲ 57.3% |
| Financial income75/76B | €0.2m | €0.4m | €0.8m | €0.8m | €0.8m | ▼ 1.9% |
| Recurring financial income75 | €0.2m | €0.4m | €0.8m | €0.8m | €0.8m | ▼ 1.9% |
| Income from financial fixed assets750 | €0.2m | €0.4m | €0.7m | €0.8m | €0.8m | ▼ 6.3% |
| Income from current assets751 | €0 | - | - | - | €0.001m | - |
| Other financial income752/9 | €0.006m | €0.007m | €0.03m | €0.02m | €0.05m | ▲ 224% |
| Financial charges65/66B | €0.07m | €0.2m | €1.0m | €1.4m | €1.0m | ▼ 27.3% |
| Recurring financial charges65 | €0.07m | €0.2m | €1.0m | €1.4m | €1.0m | ▼ 27.2% |
| Debt charges650 | €0.06m | €0.2m | €1.0m | €1.4m | €1.0m | ▼ 29.8% |
| Other financial charges652/9 | €0.01m | €0.02m | €0.06m | €0.02m | €0.05m | ▲ 163% |
| Non-recurring financial charges66B | - | - | - | €0.002m | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | -€1.1m | -€2.2m | -€3.2m | -€2.5m | -€1.0m | ▲ 58.9% |
| Income taxes67/77 | €0.005m | €0.005m | €0.006m | €0.004m | €0.006m | ▲ 59.3% |
| Taxes670/3 | €0.005m | €0.005m | €0.006m | €0.004m | €0.006m | ▲ 59.3% |
| Profit (loss) for the period9904 | -€1.1m | -€2.2m | -€3.2m | -€2.5m | -€1.0m | ▲ 58.7% |
| Profit (loss) for the period to be appropriated9905 | -€1.1m | -€2.2m | -€3.2m | -€2.5m | -€1.0m | ▲ 58.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €10.7m | €21.5m | €21.0m | €21.0m | €22.8m | ▲ 8.2% |
| Fixed assets21/28 | €1.7m | €1.7m | €1.7m | €2.0m | €2.2m | ▲ 6.9% |
| Intangible fixed assets21 | €15 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €0.2m | €0.08m | €0.07m | €0.3m | €0.2m | ▼ 25.7% |
| Plant, machinery and equipment23 | €0.1m | €0.04m | €0.04m | €0.02m | €0.01m | ▼ 26.9% |
| Furniture and vehicles24 | €0.03m | €0.02m | €0.02m | €0.01m | €0.007m | ▼ 52.5% |
| Other tangible fixed assets26 | €0.03m | €0.02m | €0.01m | €0.3m | €0.2m | ▼ 24.2% |
| Financial fixed assets28 | €1.5m | €1.6m | €1.7m | €1.7m | €2.0m | ▲ 12.7% |
| Affiliated companies280/1 | €1.5m | €1.6m | €1.7m | €1.7m | €1.8m | ▲ 4.1% |
| Amounts receivable281 | €1.5m | €1.6m | €1.7m | €1.7m | €1.8m | ▲ 4.1% |
| Other financial fixed assets284/8 | €0.01m | €0.01m | €0.01m | €0.01m | €0.2m | ▲ 1,387% |
| Shares284 | €0.002m | €0.002m | €0.002m | €55 | €55 | = |
| Amounts receivable and cash guarantees285/8 | €0.01m | €0.01m | €0.01m | €0.01m | €0.2m | ▲ 1,394% |
| Current assets29/58 | €9.0m | €19.8m | €19.3m | €19.0m | €20.6m | ▲ 8.4% |
| Stocks and contracts in progress3 | €0.05m | €0.007m | €0.002m | €0.002m | €0.002m | = |
| Stocks30/36 | €0.05m | €0.007m | €0.002m | €0.002m | €0.002m | = |
| Goods purchased for resale34 | €0.05m | €0.007m | €0.002m | €0.002m | €0.002m | = |
| Contracts in progress37 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €8.2m | €19.1m | €18.4m | €18.2m | €19.9m | ▲ 9.0% |
| Trade receivables40 | €2.0m | €2.7m | €1.5m | €1.0m | €0.9m | ▼ 8.6% |
| Other amounts receivable41 | €6.2m | €16.4m | €16.9m | €17.2m | €18.9m | ▲ 10.0% |
| Cash at bank and in hand54/58 | €0.7m | €0.7m | €0.6m | €0.7m | €0.7m | ▲ 1.2% |
| Deferred charges and accrued income490/1 | €0.09m | €0.1m | €0.2m | €0.08m | €0.01m | ▼ 82.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €10.7m | €21.5m | €21.0m | €21.0m | €22.8m | ▲ 8.2% |
| Equity10/15 | €1.9m | -€0.3m | -€3.5m | -€6.1m | -€7.1m | ▼ 17.1% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Capital10 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Issued capital100 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | = |
| Non-distributable reserves130/1 | €0.8m | €0.7m | €0.8m | €0.8m | €0.8m | = |
| Legal reserve130 | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Financial assistance1313 | €0.7m | €0.7m | €0.8m | €0.8m | €0.8m | = |
| Tax-exempt reserves132 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Distributable reserves133 | €0.9m | €0.9m | €0.8m | €0.8m | €0.8m | = |
| Profit (loss) carried forward14 | €0.2m | -€2.1m | -€5.3m | -€7.8m | -€8.8m | ▼ 13.3% |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - |
| Provisions for liabilities and charges160/5 | €0 | - | - | - | - | - |
| Other liabilities and charges164/5 | €0 | - | - | - | - | - |
| Amounts payable17/49 | €8.8m | €21.8m | €24.6m | €27.1m | €29.8m | ▲ 10.2% |
| Amounts payable within one year42/48 | €8.4m | €21.1m | €23.9m | €26.4m | €28.9m | ▲ 9.3% |
| Trade debts44 | €1.0m | €4.3m | €1.3m | €1.5m | €0.9m | ▼ 40.6% |
| Suppliers440/4 | €1.0m | €4.3m | €1.3m | €1.5m | €0.9m | ▼ 40.6% |
| Taxes, remuneration and social security45 | €0.7m | €1.0m | €0.6m | €0.3m | €0.3m | ▼ 10.6% |
| Taxes450/3 | €0.005m | €0.05m | €0.01m | €0.04m | €0.004m | ▼ 87.3% |
| Remuneration and social security454/9 | €0.7m | €1.0m | €0.6m | €0.3m | €0.3m | ▼ 1.7% |
| Other amounts payable47/48 | €6.7m | €15.8m | €22.0m | €24.6m | €27.7m | ▲ 12.6% |
| Accrued charges and deferred income492/3 | €0.4m | €0.7m | €0.7m | €0.7m | €1.0m | ▲ 46.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1.1m | -€2.2m | -€3.2m | -€2.5m | -€1.0m | ▲ 58.7% |
| + Depreciation and write-downs630 | €0.1m | €0.1m | €0.04m | €0.08m | €0.08m | ▲ 0.9% |
| Operating cash flow (approximation) | -€1.0m | -€2.1m | -€3.2m | -€2.4m | -€1.0m | ▲ 60.7% |
| Investment in fixed assets (approximation) | - | -€0.07m | -€0.09m | -€0.4m | -€0.2m | ▲ 42.5% |
| Change in cash | - | -€0.009m | -€0.002m | €0.04m | €0.008m | ▼ 81.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
Board & ownership
Parent Spacewell International · 100%1 holding
Directors
Structure & network
Owners and holdings
1 owner · 1 holdingChain of control
- NemetschekDE
- Spacewell International
- MCS
Highest known parent: Nemetschek (Germany). The sources do not say who stands above it.
Owners 1
-
100%
Stated earlier (1)
An older source named these owners; newer accounts no longer list them.
- Sourceaccounts FASEAS 202399.98%
Holdings 1
- Sourceaccounts FASEAS 20230.05%
According to the 2025 annual accounts of MCS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No directors read yet: 0 of 27 Gazette acts processed.
Timeline
13 eventsLatest 01-07-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
About the unread acts
We know of 27 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Support & recognitions
1 funding sourceFlanders €3,2121 register with a recognitionLEI lapsed
Subsidies and aid
Flemish government
2023 to 2024 · 2 entries · €3,212 awarded · €3,212 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | €1,012 | €1,012 |
| 2023 | 1 | €2,200 | €2,200 |
Recognitions · licences · registrations
Legal Entity Identifier
Company details
Public limited company · founded 04-02-1993Year ends 31-12Peppol reachable1 site
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11051B0041/00W000 | Flanders | 1.5 ha | 1 · 3,529 m² | 16.4 m · 4 fl. |
Linked by address, not proof of ownership
Go further with this company
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.