MCW COLLECTION
ActiveSummary
MCW COLLECTION has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €292k and a net result of €-18k. Equity is growing by ~13.2% per year across the filed fiscal years. Its solvency ranks better than 31% of 8001 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability32▲+25
Solvency51▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days only on tighter terms
Liquidity tight (current ratio 1.22 against 1.2 in 2024; short-term debt: 65.9% and cash: 2.6% of total assets), and 74.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
18192021222425
2018 to 2025 · latest year €-18k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 7 filingsDeviation from the deadline
2025
28 d late
2024
31 d early
2022
31 d late
2021
108 d late
2020
61 d late
2019
7 d early
2018
30 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-18k▲ 85.6%
2024 · €-122k
2018: €26k
2019: €40k
2020: €60k
2021: €124k
2022: €5k
2024: €-122k
2018 → 2025
Working capital
€169k▼ 4.1%
2024 · €176k
2018: €56k
2019: €94k
2020: €167k
2021: €339k
2022: €285k
2024: €176k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220242025Trend
Equity€177k-€451k▲ 155%€456k▲ 1.1%€309k▼ 32.2%€292k▼ 5.7%
Operating result€122k-€198k▲ 61.7%€48k▼ 75.7%€-79k€9k
Net result€60k-€124k▲ 107%€5k▼ 96.1%€-122k€-18k▲ 85.6%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €9k after a loss of €79k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.14M
Fixed assets
€220k ▼ 11.7%
Current assets
€920k ▼ 11.4%
Equity and liabilities €1.14M
Equity
€292k ▼ 5.7%
Debt
€848k ▼ 13.3%
The debt ratio falls from 76.0% to 74.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€49k▲
2024 · €-40k
Cash flow
€22k▲
2024 · €-83k
Current ratio
1.22▲
2024 · 1.20
Quick ratio
0.10▼
2024 · 0.15
Debt / equity
2.91▼
2024 · 3.16
ROE
-6.0%▲
2024 · -39.5%
ROA
-1.5%▲
2024 · -9.5%
Interest coverage
1.82▲
2024 · -0.92
Debt ≤ 1 year
€751k▼
2024 · €862k
Debt > 1 year
€94k▼
2024 · €112k
Staff costs
€50k▲
2024 · €49k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.29M€1.14M▼
Fixed assets21/28€249k€220k▼
Intangible fixed assets21€134k€118k▼
Tangible fixed assets22/27€115k€102k▼
Furniture and vehicles24€3k€4k▲
Other tangible fixed assets26€112k€97k▼
Current assets29/58€1.04M€920k▼
Stocks and contracts in progress3€908k€847k▼
Stocks30/36€908k€847k▼
Amounts receivable within one year40/41€108k€34k▼
Trade receivables40€62k€15k▼
Other amounts receivable41€46k€20k▼
Cash at bank and in hand54/58€16k€29k▲
Deferred charges and accrued income490/1€6k€9k▲
Equity and liabilities
Total equity and liabilities10/49€1.29M€1.14M▼
Equity10/15€309k€292k▼
Contributions10/11€305k€305k=
Profit (loss) carried forward14€4k€-13k▼
Amounts payable17/49€978k€848k▼
Amounts payable after more than one year17€112k€94k▼
Financial debts170/4€112k€94k▼
Amounts payable within one year42/48€862k€751k▼
Current portion of amounts payable after more than one year42€17k€18k▲
Trade debts44€127k-
Suppliers440/4€73k-
Bills of exchange payable441€54k-
Taxes, remuneration and social security45€49k€15k▼
Taxes450/3€36k€5k▼
Remuneration and social security454/9€13k€9k▼
Other amounts payable47/48€669k€718k▲
Accrued charges and deferred income492/3€4k€3k▼
Income statement
Code20242025
Remuneration, social security and pensions62€49k€50k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€40k▲
Other operating charges640/8€3k€1k▼
Non-recurring operating charges66A€295€797▲
Gross operating margin9900€13k€101k▲
Operating profit (loss)9901€-79k€9k▲
Financial income75/76B€181€333▲
Recurring financial income75€181€333▲
Financial charges65/66B€43k€27k▼
Recurring financial charges65€43k€27k▼
Profit (loss) for the period before taxes9903€-122k€-18k▲
Profit (loss) for the period9904€-122k€-18k▲
Profit (loss) for the period to be appropriated9905€-122k€-18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€4k€-13k▼
Profit (loss) brought forward from the previous period14P€126k€4k▼
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-122k ▼2598%
Net result drops to €-122k, the lowest in the series; recovery starts the following year.
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
16-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 108 days late
2021
31-12
Financial
Highest result since 2018net €124k ▲107%
Operating result €198k, net result €124k, both a record.
31-12
Financial
Equity above €200kEq €451k ▲155%
4 profitable years in a row build equity to €451k.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 61 days late
2020
31-12
Financial
Equity above €150kEq €177k ▲51.7%
3 profitable years in a row build equity to €177k.
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €100kEq €116k ▲53.3%
2 profitable years in a row build equity to €116k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Ukkel · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Waterloosesteenweg 1359B1180 UkkelGround area
141 m²
Building footprint
70 m²
Volume, LiDAR
807 m³
Parcel 21614H0005/00N034, Brussels · tallest building 13.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
MCW COLLECTION
since 20172.271.009.728
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614H0005/00N034 | Brussels | 141 m² | 1 · 70 m² | 13.1 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
GOLD 50
BE 0451.903.204
Antwerpen · Eq €291k
BELGIUM WATCH COMPANY
BE 0475.975.535
La Hulpe · Eq €286k
BIJORMA
BE 0455.787.261
Bastogne · Eq €298k
WALKING TREE EU
BE 0561.987.613
Antwerpen · Eq €285k
EMERALD
BE 0455.842.293
Antwerpen · Eq €285k
Of 567 companies in sector 46480 we hold annual accounts for 353. 248 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-12-2017
Fiscal year end31-12
Activities, NACEBEL
46480Wholesale trade
47770Retail sale of watches and jewellery
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.