MCS MANAGEMENT
ActiveSummary
MCS MANAGEMENT has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€12,667) and a net result of -€1,490. Equity is shrinking by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 14258 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.33 against 0.41 in 2024; short-term debt: 299.7% and cash: 99.4% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
-199.7%
Return on assets
-23.5%
Age of the figures
15 mo
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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€12,667
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-01-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
2 d early
2023
18 d late
2022
67 d late
2021
67 d late
2020
421 d late
2019
787 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 194 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 18 February (5 of the last 5 filed years within 49 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
-€12,667▼ 13.3%
2024 · -€11,177
Total assets
€6,344▼ 19.2%
2024 · €7,848
Net result
-€1,490▲ 98.5%
2024 · -€102,332
Working capital
-€12,704▼ 13.3%
2024 · -€11,214
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€5,467▼ 61.0%€491▼ 91.0%-€1,999-€94,725▼ 4,640%€400
Net result€4,061within the sector's middle half▼ 57.0%-€1,196within the sector's middle half-€2,415within the sector's middle half▼ 102%-€102,332below the sector's middle half▼ 4,138%-€1,490within the sector's middle half▲ 98.5%
Equity€94,766within the sector's middle half▲ 4.5%€93,571within the sector's middle half▼ 1.3%€91,156within the sector's middle half▼ 2.6%-€11,177below the sector's middle half-€12,667below the sector's middle half▼ 13.3%
Total assets€117,510below the sector's middle half▼ 1.7%€115,098below the sector's middle half▼ 2.1%€112,625below the sector's middle half▼ 2.1%€7,848below the sector's middle half▼ 93.0%€6,344below the sector's middle half▼ 19.2%
Debt€22,744▼ 21.2%€21,528▼ 5.3%€21,469▼ 0.3%€19,025▼ 11.4%€19,011▼ 0.1%
Working capital€94,729within the sector's middle half▲ 4.5%€93,533within the sector's middle half▼ 1.3%€91,118within the sector's middle half▼ 2.6%-€11,214within the sector's middle half-€12,704within the sector's middle half▼ 13.3%
Solvency80.6%above the sector's middle half▲ 4.8pp81.3%above the sector's middle half▲ 0.7pp80.9%above the sector's middle half▼ 0.4pp-142.4%below the sector's middle half▼ 223.4pp-199.7%below the sector's middle half▼ 57.2pp
Current ratio5.17above the sector's middle half▲ 1.025.34above the sector's middle half▲ 0.185.24above the sector's middle half▼ 0.100.41within the sector's middle half▼ 4.830.33below the sector's middle half▼ 0.08
Return on assets (ROA)3.5%within the sector's middle half▼ 4.4pp-1.0%within the sector's middle half▼ 4.5pp-2.1%within the sector's middle half▼ 1.1pp-23.5%below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €400 after a loss of €94,725 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6,344
Fixed assets
€37 =
Current assets
€6,307 ▼ 19.3%
Key figures and ratios
Debt to equity
-1.50▲
2024 · -1.70
Debt ≤ 1 year
€19,011▼
2024 · €19,025
Income taxes
€1,823▲
2024 · €1,387
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,622 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.6%
went bankrupt
10.0%
stopped otherwise
84%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.5% 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 497,338 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% | 1.9% |
| 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 6,622 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | €4,878 | - | - | - | - | - |
| Other operating charges640/8 | €595 | €973 | €2,040 | €604 | €6,584 | ▲ 989% |
| Non-recurring operating charges66A | - | - | - | €100,485 | - | - |
| Gross operating margin9900 | €6,062 | €1,464 | €41 | €6,364 | €6,984 | ▲ 9.7% |
| Operating profit (loss)9901 | €5,467 | €491 | -€1,999 | -€94,725 | €400 | ▲ 100% |
| Financial income75/76B | - | - | - | €885 | - | - |
| Recurring financial income75 | - | - | - | €885 | - | - |
| Financial charges65/66B | €87 | €65 | €43 | €7,106 | €67 | ▼ 99.1% |
| Recurring financial charges65 | €87 | €65 | €43 | €7,106 | €67 | ▼ 99.1% |
| Profit (loss) for the period before taxes9903 | €5,380 | €426 | -€2,041 | -€100,946 | €333 | ▲ 100% |
| Income taxes67/77 | €1,320 | €1,621 | €374 | €1,387 | €1,823 | ▲ 31.5% |
| Profit (loss) for the period9904 | €4,061 | -€1,196 | -€2,415 | -€102,332 | -€1,490 | ▲ 98.5% |
| Profit (loss) for the period to be appropriated9905 | €4,061 | -€1,196 | -€2,415 | -€102,332 | -€1,490 | ▲ 98.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €117,510 | €115,098 | €112,625 | €7,848 | €6,344 | ▼ 19.2% |
| Fixed assets21/28 | €37 | €37 | €37 | €37 | €37 | = |
| Tangible fixed assets22/27 | €0 | - | - | - | €0 | - |
| Plant, machinery and equipment23 | - | - | - | - | €0 | - |
| Furniture and vehicles24 | - | - | - | - | €0 | - |
| Other tangible fixed assets26 | - | - | - | - | €0 | - |
| Financial fixed assets28 | €37 | €37 | €37 | €37 | €37 | = |
| Current assets29/58 | €117,473 | €115,061 | €112,588 | €7,811 | €6,307 | ▼ 19.3% |
| Amounts receivable within one year40/41 | €113,164 | €110,664 | €110,664 | €4,520 | €0 | ▼ 100% |
| Trade receivables40 | €8,721 | €8,721 | €8,721 | €3,061 | €0 | ▼ 100% |
| Other amounts receivable41 | €104,443 | €101,943 | €101,943 | €1,459 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €4,309 | €4,397 | €1,923 | €3,290 | €6,307 | ▲ 91.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €117,510 | €115,098 | €112,625 | €7,848 | €6,344 | ▼ 19.2% |
| Equity10/15 | €94,766 | €93,571 | €91,156 | -€11,177 | -€12,667 | ▼ 13.3% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Outside capital11 | €18,592 | - | - | - | - | - |
| Other1109/19 | €18,592 | - | - | - | - | - |
| Reserves13 | €9,901 | €9,901 | €9,901 | €9,901 | €9,901 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Legal reserve130 | €1,859 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | €8,041 | €8,041 | €8,041 | €8,041 | €8,041 | = |
| Profit (loss) carried forward14 | €66,274 | €65,078 | €62,663 | -€39,669 | -€41,160 | ▼ 3.8% |
| Amounts payable17/49 | €22,744 | €21,528 | €21,469 | €19,025 | €19,011 | ▼ 0.1% |
| Amounts payable within one year42/48 | €22,744 | €21,528 | €21,469 | €19,025 | €19,011 | ▼ 0.1% |
| Trade debts44 | €2,631 | €5,352 | €4,168 | €175 | €0 | ▼ 100% |
| Suppliers440/4 | €2,631 | €5,352 | €4,168 | €175 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €4,683 | €746 | €746 | €2,133 | €1,719 | ▼ 19.4% |
| Taxes450/3 | €4,683 | €746 | €746 | €2,133 | €1,719 | ▼ 19.4% |
| Other amounts payable47/48 | €15,430 | €15,430 | €16,555 | €16,717 | €17,292 | ▲ 3.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,061 | -€1,196 | -€2,415 | -€102,332 | -€1,490 | ▲ 98.5% |
| Operating cash flow (approximation) | €4,061 | -€1,196 | -€2,415 | -€102,332 | -€1,490 | ▲ 98.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €88 | -€2,473 | €1,367 | €3,016 | ▲ 121% |
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
Next filing, fiscal year 2026, expected by
2026
31-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Weakest financial yearnet -€102,332
Net result drops to -€102,332, the lowest in the series; recovery starts the following year.
18-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 18 days late
2023
08-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 67 days late
2022
08-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 67 days late
28-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 421 days late
28-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 787 days late
2021
30-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 789 days late
2020
30-06
Financial
Highest result since 2019net €9,435 ▲168%
Operating result €14,035, net result €9,435, both a record.
2018
18-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 18 days late
2017
01-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Liège · 1 establishment unit since 1997
Ground area
1,359 m²
Building footprint
345 m²
Volume, LiDAR
13,290 m³
2 parcels, Wallonia · tallest building 41.1 m, ±13 floors. Linked by address, not a title deed.
1 establishment unit
CIM
since 19972.080.661.678
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62810B0618/00P000 | Wallonia | 803 m² | - | - |
| 62810B0644/00L000 | Wallonia | 556 m² | 1 · 345 m² | 41.1 m · 13 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
D-Consulting
BE 0831.325.236
Laakdal · Eq €91,108
VALORITEAM
BE 0893.276.661
Elsene · Eq €91,086
Van Den Neste MCMLXXX
BE 0427.534.527
Beersel · Eq €91,017
GERARDIMMO
BE 0827.900.344
Rijkevorsel · Eq €91,009
A² PARTNERS
BE 0819.404.629
Antwerpen · Eq €90,993
Of 11,755 companies in sector 68310 we hold annual accounts for 6,912. 5,173 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
Founded20-02-1997
Fiscal year end30-06
Activities, NACEBEL 2025
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0460060112
Also
9925:BE0460060112
Registered
13-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.