MCSF
ActiveSummary
MCSF has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €175,928 and a net result of €52,415. Equity is growing by ~24.6% per year across the filed fiscal years. Its solvency ranks better than 91% of 31840 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100=
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 13.55 against 6.48 in 2024; short-term debt: 7.4% and cash: 42.7% of total assets), and 7.5% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
92.5%
Return on assets
27.6%
Age of the figures
15 mo
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 23-12-2025, 39 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
39 d early
2024
4 d early
2023
on the day
2022
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 11 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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.
Companies Code · seven monthsPosition in the running window
30-06-2026 close26-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator 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 What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
Equity
€175,928▲ 42.4%
2024 · €123,513
Total assets
€190,187▲ 24.8%
2024 · €152,429
Net result
€52,415▼ 46.3%
2024 · €97,575
Working capital
€175,527▲ 36.2%
2024 · €128,904
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
Line2022202320242025
Operating result€173,021--€109,782€101,774€67,247▼ 33.9%
Net result€130,854--€109,916€97,575€52,415▼ 46.3%
Equity€135,854-€25,938▼ 80.9%€123,513▲ 376%€175,928▲ 42.4%
Total assets€181,354-€63,448▼ 65.0%€152,429▲ 140%€190,187▲ 24.8%
Debt€45,500-€37,509▼ 17.6%€28,916▼ 22.9%€14,259▼ 50.7%
Working capital€135,349-€25,898▼ 80.9%€128,904▲ 398%€175,527▲ 36.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 34% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €190,187
Fixed assets
€674
Current assets
€189,514
Equity and liabilities €190,187
Equity
€175,928 ▲ 42.4%
Debt
€14,259 ▼ 50.7%
Debt's share of the balance-sheet total falls from 19.0% to 7.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€67,556▼
2024 · €101,814
Cash flow
€52,723▼
2024 · €97,615
Current ratio
13.55▲
2024 · 6.48
Debt to equity
0.08▼
2024 · 0.23
ROE
29.8%▼
2024 · 79.0%
ROA
27.6%▼
2024 · 64.0%
Interest coverage
134.58▲
2024 · 102.46
Debt ≤ 1 year
€13,986▼
2024 · €23,525
Income taxes
€15,541▲
2024 · €3,567
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,887 | €490 | €40 | €309 | ▲ 667% |
| Other operating charges640/8 | €1,631 | €1,707 | €2,271 | €2,430 | ▲ 7.0% |
| Gross operating margin9900 | €176,538 | -€107,585 | €104,085 | €69,985 | ▼ 32.8% |
| Operating profit (loss)9901 | €173,021 | -€109,782 | €101,774 | €67,247 | ▼ 33.9% |
| Financial income75/76B | - | €10 | €363 | €1,211 | ▲ 234% |
| Recurring financial income75 | - | €10 | €363 | €1,211 | ▲ 234% |
| Financial charges65/66B | €187 | €144 | €994 | €502 | ▼ 49.5% |
| Recurring financial charges65 | €187 | €144 | €994 | €502 | ▼ 49.5% |
| Profit (loss) for the period before taxes9903 | €172,834 | -€109,916 | €101,143 | €67,956 | ▼ 32.8% |
| Income taxes67/77 | €41,979 | €0 | €3,567 | €15,541 | ▲ 336% |
| Profit (loss) for the period9904 | €130,854 | -€109,916 | €97,575 | €52,415 | ▼ 46.3% |
| Profit (loss) for the period to be appropriated9905 | €130,854 | -€109,916 | €97,575 | €52,415 | ▼ 46.3% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €181,354 | €63,448 | €152,429 | €190,187 | ▲ 24.8% |
| Fixed assets21/28 | €531 | €40 | €0 | €674 | - |
| Tangible fixed assets22/27 | €531 | €40 | €0 | €674 | - |
| Furniture and vehicles24 | €531 | €40 | €0 | €674 | - |
| Current assets29/58 | €180,824 | €63,407 | €152,429 | €189,514 | ▲ 24.3% |
| Amounts receivable within one year40/41 | €667 | €2,961 | €19,547 | €33,278 | ▲ 70.2% |
| Trade receivables40 | - | €1,634 | €19,544 | €30,965 | ▲ 58.4% |
| Other amounts receivable41 | €667 | €1,328 | €4 | €2,312 | ▲ 61,892% |
| Current investments50/53 | - | - | €90,000 | €75,000 | ▼ 16.7% |
| Cash at bank and in hand54/58 | €180,134 | €60,423 | €42,836 | €81,236 | ▲ 89.6% |
| Deferred charges and accrued income490/1 | €23 | €23 | €46 | €0 | ▼ 100% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €181,354 | €63,448 | €152,429 | €190,187 | ▲ 24.8% |
| Equity10/15 | €135,854 | €25,938 | €123,513 | €175,928 | ▲ 42.4% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €130,854 | €25,000 | €118,513 | €170,928 | ▲ 44.2% |
| Distributable reserves133 | €130,854 | €25,000 | €118,513 | €170,928 | ▲ 44.2% |
| Profit (loss) carried forward14 | - | -€4,062 | €0 | - | - |
| Amounts payable17/49 | €45,500 | €37,509 | €28,916 | €14,259 | ▼ 50.7% |
| Amounts payable within one year42/48 | €45,474 | €37,509 | €23,525 | €13,986 | ▼ 40.5% |
| Trade debts44 | €657 | €1,422 | €0 | €1,400 | - |
| Suppliers440/4 | €657 | €1,422 | €0 | €1,400 | - |
| Taxes, remuneration and social security45 | €44,629 | €36,088 | €15,902 | €12,586 | ▼ 20.9% |
| Taxes450/3 | €44,629 | €36,088 | €15,902 | €12,586 | ▼ 20.9% |
| Other amounts payable47/48 | €188 | €0 | €7,623 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €26 | €0 | €5,391 | €273 | ▼ 94.9% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €130,854 | -€109,916 | €97,575 | €52,415 | ▼ 46.3% |
| + Depreciation and write-downs630 | €1,887 | €490 | €40 | €309 | ▲ 667% |
| Operating cash flow (approximation) | €132,741 | -€109,426 | €97,615 | €52,723 | ▼ 46.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€983 | - |
| Change in cash | - | -€119,711 | -€17,587 | €38,400 | ▲ 318% |
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
2025
23-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Liquidity doublescurrent ratio 13.55
Current ratio from 6.48 to 13.55; short-term debt falls from €23,525 to €13,986.
30-06
Financial
Equity above €150,000Eq €175,928 ▲42.4%
2 profitable years in a row build equity to €175,928.
27-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Back to profitnet €97,575
Net result €97,575 after one loss-making year.
30-06
Financial
Liquidity quadruplescurrent ratio 6.48
Current ratio from 1.69 to 6.48; short-term debt falls from €37,509 to €23,525.
30-06
Financial
Equity above €100,000Eq €123,513 ▲376%
Equity rises from €25,938 to €123,513.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet -€109,916
Net result drops to -€109,916, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Aalst · 1 establishment unit since 2020
Ground area
589 m²
Building footprint
322 m²
Volume, LiDAR
2,593 m³
Parcel 41302C0510/00H000, Flanders · tallest building 12.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MCSF
since 20202.305.603.589
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41302C0510/00H000 | Flanders | 589 m² | 1 · 321 m² | 12.7 m · 3 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 659 EUR awarded · 659 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 659 EUR | 659 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
6994006LJ4I67ZSPB331
Similar companies · same sector, comparable size
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K-WAY
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,587. 40,643 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
Founded31-07-2020
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.