MCT GROUP
Open bankruptcyA bankruptcy procedure is open for MCT GROUP according to publications in the Belgian State Gazette; curator: EMMANUELLE BOUILLON.
Summary
The file additionally contains 1 judicial reorganisation. The 2024 annual accounts show negative equity (€-23k) and a net result of €-11k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-23k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-09-2025, 45 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
45 d late
2023
49 d late
2022
410 d late
2021
115 d late
2020
87 d late
2019
107 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-23k▼ 94.7%
2023 · €-12k
2018: €121k
2019: €123k▲ +2.1% vs 2018
2020: €154k▲ +25.2% vs 2019
2021: €212k▲ +37.8% vs 2020highest in 7 years
2022: €130k▼ -38.7% vs 2021
2023: €-12k▼ -109% vs 2022
2024: €-23k▼ -94.7% vs 2023lowest in 7 years
2018 → 2024
Total assets
€109k▼ 19.0%
2023 · €134k
2018: €213k
2019: €218k▲ +2.5% vs 2018
2020: €268k▲ +22.8% vs 2019highest in 7 years
2021: €258k▼ -3.9% vs 2020
2022: €240k▼ -6.7% vs 2021
2023: €134k▼ -44.1% vs 2022
2024: €109k▼ -19.0% vs 2023lowest in 7 years
2018 → 2024
Net result
€-11k▲ 92.0%
2023 · €-142k
2018: €22k
2019: €3k▼ -88.4% vs 2018
2020: €31k▲ +1130% vs 2019
2021: €58k▲ +87.6% vs 2020highest in 7 years
2022: €-82k▼ -241% vs 2021
2023: €-142k▼ -72.8% vs 2022lowest in 7 years
2024: €-11k▲ +92.0% vs 2023
2018 → 2024
Working capital
€-59k▼ 15.0%
2023 · €-51k
2018: €171k
2019: €185k▲ +8.4% vs 2018highest in 7 years
2020: €149k▼ -19.5% vs 2019
2021: €161k▲ +7.9% vs 2020
2022: €86k▼ -46.3% vs 2021
2023: €-51k▼ -159% vs 2022
2024: €-59k▼ -15.0% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€154k-€212k▲ 37.8%€130k▼ 38.7%€-12k€-23k▼ 94.7%
2020: €154k
2021: €212k▲ +37.8% vs 2020highest in 5 years
2022: €130k▼ -38.7% vs 2021
2023: €-12k▼ -109% vs 2022
2024: €-23k▼ -94.7% vs 2023lowest in 5 years
Operating result€-698-€33k€-72k€-109k▼ 51.2%€22k
2020: €-698
2021: €33k▲ +4805% vs 2020highest in 5 years
2022: €-72k▼ -319% vs 2021
2023: €-109k▼ -51.2% vs 2022lowest in 5 years
2024: €22k▲ +120% vs 2023
Net result€31k-€58k▲ 87.6%€-82k€-142k▼ 72.8%€-11k▲ 92.0%
2020: €31k
2021: €58k▲ +87.6% vs 2020highest in 5 years
2022: €-82k▼ -241% vs 2021
2023: €-142k▼ -72.8% vs 2022lowest in 5 years
2024: €-11k▲ +92.0% vs 2023
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 2024: €22k after a loss of €109k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €109k
Fixed assets
€35k ▼ 9.4%
Current assets
€73k ▼ 22.9%
Key figures and ratios
EBITDA
€25k▲
2023 · €-104k
Cash flow
€-8k▲
2023 · €-137k
Solvency
-21.4%▼
2023 · -8.9%
Current ratio
0.56▼
2023 · 0.65
Quick ratio
0.55▼
2023 · 0.65
Debt to equity
-5.68▲
2023 · -12.25
ROA
-10.4%▲
2023 · -105.9%
Interest coverage
12.69▲
2023 · -1072.37
Debt
€132k▼
2023 · €146k
Debt ≤ 1 year
€132k▼
2023 · €146k
Income taxes
€31k▼
2023 · €33k
Staff costs
€294k▲
2023 · €271k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€134k€109k▼
Fixed assets21/28€39k€35k▼
Tangible fixed assets22/27€39k€35k▼
Plant, machinery and equipment23€30k€25k▼
Furniture and vehicles24€692€1k▲
Leasing and similar rights25€198€198=
Other tangible fixed assets26€8k€8k=
Current assets29/58€95k€73k▼
Stocks and contracts in progress3€600€750▲
Stocks30/36€600€750▲
Amounts receivable within one year40/41€82k€64k▼
Trade receivables40€35k€35k=
Other amounts receivable41€47k€28k▼
Cash at bank and in hand54/58€12k€8k▼
Deferred charges and accrued income490/1€279€557▲
Equity and liabilities
Total equity and liabilities10/49€134k€109k▼
Equity10/15€-12k€-23k▼
Contributions10/11€12k€12k=
Reserves13€28k€28k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€27k€27k=
Profit (loss) carried forward14€-53k€-64k▼
Amounts payable17/49€146k€132k▼
Amounts payable within one year42/48€146k€132k▼
Trade debts44€46k€18k▼
Suppliers440/4€46k€18k▼
Taxes, remuneration and social security45€100k€84k▼
Taxes450/3€41k€41k▼
Remuneration and social security454/9€59k€43k▼
Other amounts payable47/48-€30k
Income statement
Code20232024
Remuneration, social security and pensions62€271k€294k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€4k▼
Other operating charges640/8€3k€682▼
Gross operating margin9900€170k€320k▲
Operating profit (loss)9901€-109k€22k▲
Financial income75/76B€0€3▲
Recurring financial income75€0€3▲
Financial charges65/66B€97€2k▲
Recurring financial charges65€97€2k▲
Profit (loss) for the period before taxes9903€-109k€20k▲
Income taxes67/77€33k€31k▼
Profit (loss) for the period9904€-142k€-11k▲
Profit (loss) for the period to be appropriated9905€-142k€-11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-53k€-64k▼
Profit (loss) brought forward from the previous period14P€89k€-53k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €70k | €182k | €271k | €294k | ▲ 8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €8k | €8k | €5k | €4k | ▼ 26.2% |
| Other operating charges640/8 | - | €7k | €9k | €3k | €682 | ▼ 75.2% |
| Gross operating margin9900 | €28k | €118k | €127k | €170k | €320k | ▲ 88.8% |
| Operating profit (loss)9901 | €-698 | €33k | €-72k | €-109k | €22k | ▲ 120% |
| Financial income75/76B | - | - | €10 | €0 | €3 | ▲ 4,980% |
| Recurring financial income75 | - | - | €10 | €0 | €3 | ▲ 4,980% |
| Financial charges65/66B | - | €-45k | €234 | €97 | €2k | ▲ 1,968% |
| Recurring financial charges65 | €234 | €70 | €234 | €97 | €2k | ▲ 1,968% |
| Non-recurring financial charges66B | - | €-45k | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €31k | €78k | €-72k | €-109k | €20k | ▲ 118% |
| Income taxes67/77 | - | €19k | €10k | €33k | €31k | ▼ 7.4% |
| Profit (loss) for the period9904 | €31k | €58k | €-82k | €-142k | €-11k | ▲ 92.0% |
| Profit (loss) for the period to be appropriated9905 | €31k | €58k | €-82k | €-142k | €-11k | ▲ 92.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €268k | €258k | €240k | €134k | €109k | ▼ 19.0% |
| Fixed assets21/28 | €50k | €52k | €44k | €39k | €35k | ▼ 9.4% |
| Tangible fixed assets22/27 | €50k | €52k | €44k | €39k | €35k | ▼ 9.4% |
| Plant, machinery and equipment23 | - | €40k | €35k | €30k | €25k | ▼ 14.9% |
| Furniture and vehicles24 | - | €4k | €692 | €692 | €1k | ▲ 116% |
| Leasing and similar rights25 | - | €198 | €198 | €198 | €198 | = |
| Other tangible fixed assets26 | - | €8k | €8k | €8k | €8k | = |
| Current assets29/58 | €218k | €206k | €196k | €95k | €73k | ▼ 22.9% |
| Stocks and contracts in progress3 | €2k | €2k | €2k | €600 | €750 | ▲ 25.0% |
| Stocks30/36 | - | €2k | €2k | €600 | €750 | ▲ 25.0% |
| Amounts receivable within one year40/41 | €208k | €180k | €182k | €82k | €64k | ▼ 22.7% |
| Trade receivables40 | - | - | €45k | €35k | €35k | = |
| Other amounts receivable41 | - | €180k | €137k | €47k | €28k | ▼ 39.9% |
| Cash at bank and in hand54/58 | €7k | €23k | €12k | €12k | €8k | ▼ 29.2% |
| Deferred charges and accrued income490/1 | - | - | - | €279 | €557 | ▲ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €268k | €258k | €240k | €134k | €109k | ▼ 19.0% |
| Equity10/15 | €154k | €212k | €130k | €-12k | €-23k | ▼ 94.7% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €28k | €28k | €28k | €28k | €28k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | - | €27k | €27k | €27k | €27k | = |
| Profit (loss) carried forward14 | €113k | €172k | €89k | €-53k | €-64k | ▼ 21.5% |
| Provisions and deferred taxes16 | €45k | - | - | - | - | - |
| Amounts payable17/49 | €69k | €45k | €110k | €146k | €132k | ▼ 9.7% |
| Amounts payable within one year42/48 | €69k | €45k | €110k | €146k | €132k | ▼ 9.7% |
| Trade debts44 | €68k | €26k | €60k | €46k | €18k | ▼ 60.8% |
| Suppliers440/4 | - | €26k | €60k | €46k | €18k | ▼ 60.8% |
| Taxes, remuneration and social security45 | - | €19k | €44k | €100k | €84k | ▼ 16.2% |
| Taxes450/3 | - | €18k | €18k | €41k | €41k | ▼ 1.7% |
| Remuneration and social security454/9 | - | €743 | €25k | €59k | €43k | ▼ 26.4% |
| Other amounts payable47/48 | - | - | €6k | - | €30k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31k | €58k | €-82k | €-142k | €-11k | ▲ 92.0% |
| + Depreciation and write-downs630 | €10k | €8k | €8k | €5k | €4k | ▼ 26.2% |
| Operating cash flow (approximation) | €41k | €66k | €-74k | €-137k | €-8k | ▲ 94.4% |
| Investment in fixed assets (approximation) | - | €-9k | €0 | €0 | €0 | - |
| Change in cash | - | €16k | €-11k | €-67 | €-4k | ▼ 5,140% |
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
2026
18-05
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 11-05-2026
2025
17-11
Judicial reorganisation
Opening
Tribunal de l’entreprise francophone de Bruxelles · collective agreement (SME) · event 22-10-2025
14-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 45 days late
2024
18-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 49 days late
13-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 410 days late
2023
31-12
Financial
Weakest financial yearnet €-142k
Net result drops to €-142k, the lowest in the series.
2022
23-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 115 days late
2021
31-12
Financial
Highest result since 2018net €58k ▲87.6%
Operating result €33k, net result €58k, both a record.
31-12
Financial
Equity above €200kEq €212k ▲37.8%
4 profitable years in a row build equity to €212k.
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 87 days late
2020
31-12
Financial
Equity above €150kEq €154k ▲25.2%
3 profitable years in a row build equity to €154k.
15-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 107 days late
Show earlier events
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 92 days late
2018
31-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 153 days late
2017
13-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 105 days late
SignalFinancial 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Elsene · 1 establishment unit since 2015
Ground area
1,374 m²
Building footprint
1,217 m²
Volume, LiDAR
18,160 m³
Parcel 21009A0373/00V000, Brussels · tallest building 30.2 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Thai Wok Express
since 20152.247.850.878
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21009A0373/00V000 | Brussels | 1,374 m² | 1 · 1,217 m² | 30.2 m · 5 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | EMMANUELLE BOUILLON CHAUSSEE DE LA
HULPE 187, 1170 WATERMAEL-BOITSFORT |
11-05-2026 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteElsene2.247.850.878
Similar companies · same sector, comparable size
EXPRESSI
BE 0872.372.369
Anderlecht · Eq €130,135
CHERIF KAYA
BE 0884.649.007
Anderlecht · Eq €130,134
MJ magic
BE 0731.902.414
Steenokkerzeel · Eq €130,086
BELFOOD
BE 0734.403.628
Elsene · Eq €130,069
TRA
BE 0671.560.890
Brussel · Eq €129,917
Of 21,853 companies in sector 56112 we hold annual accounts for 9,776. 7,468 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
Founded07-10-2015
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Scores and ratios are computed by Checked and are not a credit decision.