MCSyncro
ActiveSummary
MCSyncro has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €14.1m and a net result of €3.1m. Equity is growing by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 89 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability95▼-3
Solvency100▲+18
Growth62▼-3
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,200,000 at 30 days acceptable
Liquidity ample (current ratio 6.65 against 2.01 in 2023; short-term debt: 11.9% and cash: 4.9% of total assets), and 13.6% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
86.4%
Return on assets
19.2%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 29
Relative position
BE, all sectors
reference
Manufacture of motor vehicles, trailers and semi-trailers (NACE 29)
about 8% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-06-2026, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
36 d early
2024
48 d early
2023
50 d early
2022
26 d early
2021
37 d early
2020
76 d late
2019
30 d early
← 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 22 days before the deadline; the sector median for financial year 2024 is 6 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 24 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 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 Is the workforce growing, and do people stay?Employer check 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
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, full schema
In the rankings
#5 company by equity in East Flanders, Motor vehicles sector#8 employer in East Flanders, Motor vehicles sector
Turnover
€18.6m▼ 11.1%
2023 · €20.9m
EBIT margin
22.7%▼ 5.9pp
2023 · 28.7%
Net result
€3.1m▼ 29.8%
2023 · €4.5m
Working capital
€11.0m▲ 36.6%
2023 · €8.0m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 29, Manufacture of motor vehicles, trailers and semi-trailers, 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
Line20202021202220232024
Turnover€15.9m▼ 13.0%€16.2m▲ 2.3%€16.4m▲ 0.7%€20.9m▲ 28.0%€18.6m▼ 11.1%
Operating result€1.6m▼ 41.7%€845,614▼ 48.4%€568,057▼ 32.8%€6.0m▲ 957%€4.2m▼ 29.6%
Net result€1.2mabove the sector's middle half▼ 38.8%€547,649within the sector's middle half▼ 52.4%€415,000within the sector's middle half▼ 24.2%€4.5mabove the sector's middle half▲ 972%€3.1mabove the sector's middle half▼ 29.8%
EBIT margin10.3%▼ 5.1pp5.2%▼ 5.1pp3.5%▼ 1.7pp28.7%▲ 25.2pp22.7%▼ 5.9pp
Equity€10.5mwithin the sector's middle half▲ 12.3%€11.1mwithin the sector's middle half▲ 5.2%€11.5mwithin the sector's middle half▲ 3.7%€10.9mwithin the sector's middle half▼ 4.8%€14.1mabove the sector's middle half▲ 28.6%
Total assets€14.1mwithin the sector's middle half▲ 8.0%€14.2mwithin the sector's middle half▲ 0.6%€14.6mwithin the sector's middle half▲ 3.4%€19.2mwithin the sector's middle half▲ 31.2%€16.3mwithin the sector's middle half▼ 15.3%
Debt€3.5m▼ 1.0%€3.1m▼ 11.7%€3.1m▲ 2.1%€8.3m▲ 163%€2.2m▼ 73.3%
Working capital€6.5mwithin the sector's middle half▲ 24.5%€8.1mabove the sector's middle half▲ 23.0%€8.9mabove the sector's middle half▲ 11.0%€8.0mabove the sector's middle half▼ 10.4%€11.0mabove the sector's middle half▲ 36.6%
Solvency74.8%above the sector's middle half▲ 2.8pp78.2%above the sector's middle half▲ 3.4pp78.5%above the sector's middle half▲ 0.3pp57.0%above the sector's middle half▼ 21.5pp86.4%above the sector's middle half▲ 29.5pp
Current ratio3.43above the sector's middle half▲ 0.254.32above the sector's middle half▲ 0.894.21above the sector's middle half▼ 0.112.01within the sector's middle half▼ 2.206.65above the sector's middle half▲ 4.64
Return on assets (ROA)8.2%above the sector's middle half▼ 6.3pp3.9%within the sector's middle half▼ 4.3pp2.8%within the sector's middle half▼ 1.0pp23.2%above the sector's middle half▲ 20.3pp19.2%above the sector's middle half▼ 4.0pp
Staff (FTE)95.1within the sector's middle half▼ 10.4%93within the sector's middle half▼ 2.2%89.9within the sector's middle half▼ 3.3%85.3within the sector's middle half▼ 5.1%82.3within the sector's middle half▼ 3.5%
above
within
below
the middle half (P25 to P75) of NACE 29, Manufacture of motor vehicles, trailers and semi-trailers, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 30% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €16.3m
Fixed assets
€3.4m ▲ 3.3%
Current assets
€12.9m ▼ 19.1%
Equity and liabilities €16.3m
Equity
€14.1m ▲ 28.6%
Debt
€2.2m ▼ 73.3%
Debt's share of the balance-sheet total falls from 43.0% to 13.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€5.0m▼
2023 · €6.8m
Cash flow
€3.9m▼
2023 · €5.3m
Quick ratio
6.47▲
2023 · 1.97
Debt to equity
0.16▼
2023 · 0.76
ROE
22.2%▼
2023 · 40.7%
Interest coverage
449.86▲
2023 · 404.96
Debt ≤ 1 year
€1.9m▼
2023 · €7.9m
Income taxes
€1.1m▼
2023 · €1.5m
Staff costs
€6.0m▲
2023 · €5.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,577 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 97% are still going.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.1%
went bankrupt
3.1%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
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 1,577 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €20.2m | €20.3m | €25.6m | €22.5m | ▼ 12.0% |
| Turnover70 | €15.9m | €16.2m | €16.4m | €20.9m | €18.6m | ▼ 11.1% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | -€57,671 | €7,287 | €14,137 | -€6,382 | ▼ 145% |
| Other operating income74 | - | €4.0m | €3.9m | €4.4m | €3.9m | ▼ 10.3% |
| Non-recurring operating income76A | - | €11,911 | - | €267,967 | - | - |
| Operating charges60/66A | - | €19.3m | €19.7m | €19.6m | €18.3m | ▼ 6.6% |
| Goods for resale, raw materials and consumables60 | - | €1.6m | €2.0m | €1.8m | €1.6m | ▼ 12.6% |
| Purchases600/8 | - | €1.7m | €2.0m | €1.8m | €1.6m | ▼ 8.8% |
| Change in stocks: decrease (increase)609 | - | -€102,983 | €9,150 | €61,652 | -€12,463 | ▼ 120% |
| Services and other goods61 | - | €9.9m | €10.1m | €10.5m | €9.7m | ▼ 7.4% |
| Remuneration, social security and pensions62 | - | €5.9m | €6.3m | €5.9m | €6.0m | ▲ 1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.7m | €1.7m | €1.3m | €841,679 | €820,921 | ▼ 2.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €128,347 | - | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€54,085 | -€3,840 | -€1,725 | - | - |
| Other operating charges640/8 | - | €143,479 | €123,711 | €132,107 | €139,790 | ▲ 5.8% |
| Non-recurring operating charges66A | - | €7,678 | - | €367,168 | - | - |
| Operating profit (loss)9901 | €1.6m | €845,614 | €568,057 | €6.0m | €4.2m | ▼ 29.6% |
| Financial income75/76B | - | €8 | €1,760 | €2,278 | €1,521 | ▼ 33.2% |
| Recurring financial income75 | - | €8 | €1,760 | €2,278 | €1,521 | ▼ 33.2% |
| Other financial income752/9 | - | €8 | €1,760 | €2,278 | €1,521 | ▼ 33.2% |
| Financial charges65/66B | - | €9,976 | €14,572 | €21,446 | €14,646 | ▼ 31.7% |
| Recurring financial charges65 | €8,632 | €9,976 | €14,572 | €21,446 | €14,646 | ▼ 31.7% |
| Debt charges650 | - | - | €9,090 | €16,900 | €11,224 | ▼ 33.6% |
| Other financial charges652/9 | - | €9,976 | €5,482 | €4,546 | €3,422 | ▼ 24.7% |
| Profit (loss) for the period before taxes9903 | €1.6m | €835,646 | €555,245 | €6.0m | €4.2m | ▼ 29.5% |
| Income taxes67/77 | €478,694 | €287,997 | €140,245 | €1.5m | €1.1m | ▼ 28.9% |
| Taxes670/3 | - | €287,997 | €192,957 | €1.5m | €1.1m | ▼ 29.1% |
| Tax adjustments and reversals of tax provisions77 | - | - | €52,712 | €13,816 | €6,064 | ▼ 56.1% |
| Profit (loss) for the period9904 | €1.2m | €547,649 | €415,000 | €4.5m | €3.1m | ▼ 29.8% |
| Profit (loss) for the period to be appropriated9905 | €1.2m | €547,649 | €415,000 | €4.5m | €3.1m | ▼ 29.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14.1m | €14.2m | €14.6m | €19.2m | €16.3m | ▼ 15.3% |
| Fixed assets21/28 | €4.8m | €3.7m | €2.9m | €3.3m | €3.4m | ▲ 3.3% |
| Intangible fixed assets21 | €293,211 | €42,511 | €3,761 | €86,537 | €79,455 | ▼ 8.2% |
| Tangible fixed assets22/27 | €4.5m | €3.6m | €2.9m | €3.2m | €3.3m | ▲ 3.7% |
| Plant, machinery and equipment23 | - | €3.5m | €2.7m | €2.7m | €2.7m | ▲ 2.7% |
| Furniture and vehicles24 | - | €1,597 | €3,117 | €2,025 | €1,675 | ▼ 17.3% |
| Other tangible fixed assets26 | - | €143,830 | €96,743 | €312,571 | €415,593 | ▲ 33.0% |
| Assets under construction and advance payments27 | - | €4,282 | €47,484 | €204,056 | €145,089 | ▼ 28.9% |
| Financial fixed assets28 | €21,484 | €21,484 | €21,484 | €21,484 | €21,484 | = |
| Affiliated companies280/1 | - | €16,120 | €16,120 | €16,120 | €16,120 | = |
| Participating interests280 | - | €16,120 | €16,120 | €16,120 | €16,120 | = |
| Other financial fixed assets284/8 | - | €5,364 | €5,364 | €5,364 | €5,364 | = |
| Amounts receivable and cash guarantees285/8 | - | €5,364 | €5,364 | €5,364 | €5,364 | = |
| Current assets29/58 | €9.2m | €10.5m | €11.7m | €15.9m | €12.9m | ▼ 19.1% |
| Stocks and contracts in progress3 | €475,320 | €392,285 | €390,422 | €342,907 | €348,988 | ▲ 1.8% |
| Stocks30/36 | - | €392,285 | €390,422 | €342,907 | €348,988 | ▲ 1.8% |
| Raw materials and consumables30/31 | - | €233,470 | €224,320 | €162,668 | €175,131 | ▲ 7.7% |
| Finished goods33 | - | €158,815 | €166,102 | €180,239 | €173,857 | ▼ 3.5% |
| Amounts receivable within one year40/41 | €8.4m | €9.2m | €10.8m | €13.9m | €11.7m | ▼ 15.8% |
| Trade receivables40 | - | €9.2m | €10.5m | €13.8m | €11.7m | ▼ 15.4% |
| Other amounts receivable41 | - | €1,819 | €303,112 | €70,858 | - | - |
| Cash at bank and in hand54/58 | €189,437 | €642,119 | €456,619 | €1.5m | €805,146 | ▼ 45.8% |
| Deferred charges and accrued income490/1 | - | €194,420 | €52,894 | €229,960 | €57,442 | ▼ 75.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14.1m | €14.2m | €14.6m | €19.2m | €16.3m | ▼ 15.3% |
| Equity10/15 | €10.5m | €11.1m | €11.5m | €10.9m | €14.1m | ▲ 28.6% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | €10.5m | €11.0m | €11.4m | €10.9m | €14.0m | ▲ 28.7% |
| Provisions and deferred taxes16 | €59,650 | €5,565 | €1,725 | - | - | - |
| Provisions for liabilities and charges160/5 | - | €5,565 | €1,725 | - | - | - |
| Pensions and similar obligations160 | - | €5,565 | €1,725 | - | - | - |
| Amounts payable17/49 | €3.5m | €3.1m | €3.1m | €8.3m | €2.2m | ▼ 73.3% |
| Amounts payable within one year42/48 | €2.7m | €2.4m | €2.8m | €7.9m | €1.9m | ▼ 75.5% |
| Trade debts44 | €1.8m | €1.7m | €1.8m | €1.8m | €867,635 | ▼ 51.1% |
| Suppliers440/4 | - | €1.7m | €1.8m | €1.8m | €867,635 | ▼ 51.1% |
| Taxes, remuneration and social security45 | - | €772,174 | €1.0m | €1.1m | €1.1m | ▼ 6.4% |
| Taxes450/3 | - | €7,311 | €262,853 | €278,344 | €314,788 | ▲ 13.1% |
| Remuneration and social security454/9 | - | €764,863 | €749,394 | €864,173 | €754,163 | ▼ 12.7% |
| Other amounts payable47/48 | - | - | - | €5.0m | - | - |
| Accrued charges and deferred income492/3 | - | €653,724 | €358,646 | €353,077 | €274,393 | ▼ 22.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.2m | €547,649 | €415,000 | €4.5m | €3.1m | ▼ 29.8% |
| + Depreciation and write-downs630 | €1.7m | €1.7m | €1.3m | €841,679 | €820,921 | ▼ 2.5% |
| Operating cash flow (approximation) | €2.9m | €2.3m | €1.7m | €5.3m | €3.9m | ▼ 25.4% |
| Investment in fixed assets (approximation) | - | -€558,972 | -€484,461 | -€1.2m | -€930,379 | ▲ 23.1% |
| Change in cash | - | €452,682 | -€185,500 | €1.0m | -€680,365 | ▼ 166% |
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
25-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Liquidity triplescurrent ratio 6.65
Current ratio from 2.01 to 6.65; short-term debt falls from €7.9m to €1.9m.
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €4.5m ▲972%
Operating result €6.0m, net result €4.5m, both a record.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €415,000 ▼24.2%
Net result drops to €415,000, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
15-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 76 days late
2020
31-12
Financial
Equity above €10mEq €10.5m ▲12.3%
3 profitable years in a row build equity to €10.5m.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Liquidity doublescurrent ratio 3.18
Current ratio from 1.30 to 3.18; short-term debt falls from €8.4m to €2.4m.
Show earlier events
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 26 acts read
About the unread acts
We know of 26 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
26 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, Gent · 1 establishment unit since 1996
Ground area
5,483 m²
Building footprint
1,592 m²
Volume, LiDAR
6,919 m³
Parcel 44813B0120/00E004, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
20
companies at this address
See who is registered here
1 establishment unit
MCSYNCRO NV
since 19962.074.898.492
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44813B0120/00E004 | Flanders | 5,483 m² | 1 · 1,592 m² | 9.2 m · 2 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.
Structure & network
Owners and holdings
1 owner · 1 holdingOwners 1
- MC Projects BVNLparentSourceown accounts 202499.8%
Holdings 1
- Equity €10.6mResult €795,00026%
According to the 2024 annual accounts of MCSyncro 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 current directors or connected companies found in the register.
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Of 195 companies in sector 29320 we hold annual accounts for 127. 54 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded21-12-1995
Fiscal year end31-12
Activities, NACEBEL 2025
29320Manufacture of motor vehicles, trailers and semi-trailers
46720Wholesale of motor vehicle parts and accessories
E-invoicing
Reachable via Peppol
Peppol ID
0208:0456937504
Also
9925:BE0456937504
Registered
15-01-2026
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.