MFRCOM
ActiveSummary
MFRCOM has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €72,458 and a net result of €8,285. Equity remains stable across the filed fiscal years (±2.5% per year). Its solvency ranks better than 81% of 7097 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+9
Solvency100=
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 3.64 against 4.37 in 2024; short-term debt: 16.2% and cash: 19.6% of total assets), and 16.2% 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 · 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 2025Solvency, return and age of the figures
Solvency
83.8%
Return on assets
9.6%
Age of the figures
9 mo
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 15-05-2026, 77 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
77 d early
2024
70 d early
2023
57 d early
2022
54 d early
2021
31 d early
2020
32 d early
2019
31 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 50 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 5 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€72,458▼ 23.1%
2024 · €94,173
Total assets
€86,427▼ 20.9%
2024 · €109,236
Net result
€8,285▲ 163%
2024 · €3,146
Working capital
€36,879▼ 27.3%
2024 · €50,730
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations 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€18,429▼ 25.7%€19,194▲ 4.1%€5,535▼ 71.2%€5,084▼ 8.1%€10,656▲ 110%
Net result€18,393within the sector's middle half▼ 28.5%€17,332within the sector's middle half▼ 5.8%€3,879within the sector's middle half▼ 77.6%€3,146within the sector's middle half▼ 18.9%€8,285within the sector's middle half▲ 163%
Equity€113,532within the sector's middle half▲ 1.5%€120,864within the sector's middle half▲ 6.5%€103,027within the sector's middle half▼ 14.8%€94,173within the sector's middle half▼ 8.6%€72,458within the sector's middle half▼ 23.1%
Total assets€128,838within the sector's middle half▲ 7.3%€134,253within the sector's middle half▲ 4.2%€127,531within the sector's middle half▼ 5.0%€109,236within the sector's middle half▼ 14.3%€86,427within the sector's middle half▼ 20.9%
Debt€15,306▲ 86.0%€13,389▼ 12.5%€24,504▲ 83.0%€15,063▼ 38.5%€13,969▼ 7.3%
Working capital€56,852within the sector's middle half▲ 6.0%€64,344within the sector's middle half▲ 13.2%€52,361within the sector's middle half▼ 18.6%€50,730within the sector's middle half▼ 3.1%€36,879within the sector's middle half▼ 27.3%
Solvency88.1%above the sector's middle half▼ 5.0pp90.0%above the sector's middle half▲ 1.9pp80.8%above the sector's middle half▼ 9.2pp86.2%above the sector's middle half▲ 5.4pp83.8%above the sector's middle half▼ 2.4pp
Current ratio4.71above the sector's middle half▼ 2.815.81above the sector's middle half▲ 1.093.14within the sector's middle half▼ 2.674.37within the sector's middle half▲ 1.233.64within the sector's middle half▼ 0.73
Return on assets (ROA)14.3%within the sector's middle half▼ 7.2pp12.9%within the sector's middle half▼ 1.4pp3.0%within the sector's middle half▼ 9.9pp2.9%within the sector's middle half▼ 0.2pp9.6%within the sector's middle half▲ 6.7pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations 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 recovers in 2025; 2025 is 110% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €86,427
Fixed assets
€35,579 ▼ 18.1%
Current assets
€50,848 ▼ 22.7%
Equity and liabilities €86,427
Equity
€72,458 ▼ 23.1%
Debt
€13,969 ▼ 7.3%
Debt's share of the balance-sheet total rises from 13.8% to 16.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€18,520▲
2024 · €13,108
Cash flow
€16,148▲
2024 · €11,170
Debt to equity
0.19▲
2024 · 0.16
ROE
11.4%▲
2024 · 3.3%
Interest coverage
138.27▲
2024 · 119.69
Debt ≤ 1 year
€13,969▼
2024 · €15,063
Income taxes
€3,236▲
2024 · €2,167
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 31,349 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,469 | €729 | €7,524 | €8,024 | €7,864 | ▼ 2.0% |
| Other operating charges640/8 | €646 | €661 | €775 | €754 | €778 | ▲ 3.1% |
| Gross operating margin9900 | €20,544 | €20,584 | €13,834 | €13,862 | €19,297 | ▲ 39.2% |
| Operating profit (loss)9901 | €18,429 | €19,194 | €5,535 | €5,084 | €10,656 | ▲ 110% |
| Financial income75/76B | €133 | €33 | €249 | €338 | €999 | ▲ 195% |
| Recurring financial income75 | €133 | €33 | €249 | €338 | €999 | ▲ 195% |
| Financial charges65/66B | €170 | €147 | €148 | €110 | €134 | ▲ 22.3% |
| Recurring financial charges65 | €170 | €147 | €148 | €110 | €134 | ▲ 22.3% |
| Profit (loss) for the period before taxes9903 | €18,393 | €19,080 | €5,636 | €5,313 | €11,521 | ▲ 117% |
| Income taxes67/77 | - | €1,748 | €1,758 | €2,167 | €3,236 | ▲ 49.3% |
| Profit (loss) for the period9904 | €18,393 | €17,332 | €3,879 | €3,146 | €8,285 | ▲ 163% |
| Profit (loss) for the period to be appropriated9905 | €18,393 | €17,332 | €3,879 | €3,146 | €8,285 | ▲ 163% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €128,838 | €134,253 | €127,531 | €109,236 | €86,427 | ▼ 20.9% |
| Fixed assets21/28 | €56,680 | €56,520 | €50,665 | €43,443 | €35,579 | ▼ 18.1% |
| Tangible fixed assets22/27 | €56,680 | €56,520 | €50,665 | €43,443 | €35,579 | ▼ 18.1% |
| Land and buildings22 | €55,512 | €55,043 | €48,268 | €41,388 | €34,507 | ▼ 16.6% |
| Plant, machinery and equipment23 | €621 | €621 | €543 | €466 | €388 | ▼ 16.7% |
| Furniture and vehicles24 | €548 | €856 | €1,854 | €1,590 | €684 | ▼ 57.0% |
| Current assets29/58 | €72,158 | €77,734 | €76,866 | €65,794 | €50,848 | ▼ 22.7% |
| Amounts receivable within one year40/41 | €22,134 | €19,690 | €29,242 | €21,465 | €33,934 | ▲ 58.1% |
| Trade receivables40 | €12,584 | €9,650 | €9,692 | €9,705 | €10,727 | ▲ 10.5% |
| Other amounts receivable41 | €9,550 | €10,040 | €19,550 | €11,759 | €23,207 | ▲ 97.4% |
| Cash at bank and in hand54/58 | €50,024 | €58,043 | €47,624 | €44,329 | €16,914 | ▼ 61.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €128,838 | €134,253 | €127,531 | €109,236 | €86,427 | ▼ 20.9% |
| Equity10/15 | €113,532 | €120,864 | €103,027 | €94,173 | €72,458 | ▼ 23.1% |
| Contributions10/11 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €5,005 | €5,005 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | - | - | - | - |
| Distributable reserves133 | - | - | €1,859 | €5,005 | €5,005 | = |
| Profit (loss) carried forward14 | €105,475 | €112,807 | €94,970 | €82,970 | €61,255 | ▼ 26.2% |
| Amounts payable17/49 | €15,306 | €13,389 | €24,504 | €15,063 | €13,969 | ▼ 7.3% |
| Amounts payable within one year42/48 | €15,306 | €13,389 | €24,504 | €15,063 | €13,969 | ▼ 7.3% |
| Trade debts44 | - | - | - | €485 | - | - |
| Suppliers440/4 | - | - | - | €485 | - | - |
| Taxes, remuneration and social security45 | €6,424 | €6,389 | €9,303 | €2,578 | €4,969 | ▲ 92.8% |
| Taxes450/3 | €6,424 | €6,389 | €9,303 | €2,578 | €4,969 | ▲ 92.8% |
| Other amounts payable47/48 | €8,882 | €7,000 | €15,201 | €12,000 | €9,000 | ▼ 25.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,393 | €17,332 | €3,879 | €3,146 | €8,285 | ▲ 163% |
| + Depreciation and write-downs630 | €1,469 | €729 | €7,524 | €8,024 | €7,864 | ▼ 2.0% |
| Operating cash flow (approximation) | €19,862 | €18,061 | €11,403 | €11,170 | €16,148 | ▲ 44.6% |
| Investment in fixed assets (approximation) | - | -€569 | -€1,670 | -€801 | €0 | ▲ 100% |
| Change in cash | - | €8,020 | -€10,420 | -€3,295 | -€27,415 | ▼ 732% |
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
15-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
22-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €3,146 ▼18.9%
Net result drops to €3,146, the lowest in the series; recovery starts the following year.
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €25,735 ▲80.1%
Operating result €24,804, net result €25,735, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity doublescurrent ratio 11.74
Current ratio from 5.80 to 11.74; short-term debt falls from €8,484 to €4,699.
31-12
Financial
Equity above €100,000Eq €106,071 ▲15.6%
2 profitable years in a row build equity to €106,071.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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.
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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, Chastre · 1 establishment unit since 2001
Ground area
2,037 m²
Building footprint
232 m²
Volume, LiDAR
1,541 m³
2 parcels, Wallonia · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Rue Berger Mimie 22, 1450 Chastre
since 20012.093.487.355
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25032C0361/00Z000 | Wallonia | 1,042 m² | 1 · 124 m² | 9.4 m · 2 fl. |
| 25017B0211/00H000 | Wallonia | 995 m² | 1 · 108 m² | 7.8 m · 2 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.
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Of 2,710 companies in sector 73200 we hold annual accounts for 1,787. 1,257 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
Founded08-11-1999
Fiscal year end31-12
Activities, NACEBEL 2025
73200Market research and public opinion polling
E-invoicing
Reachable via Peppol
Peppol ID
0208:0467221284
Also
9925:BE0467221284
Registered
19-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.