MLC Services
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 25-06-2026 at the NBB all 6 filings
Turnover
≈ €67,000
Estimated: probably between €31,000 and €160,000
Total assets
€53,755▼ 4.5%
2024 · €56,272
Net result
-€4,155▼ 53.7%
2024 · -€2,703
Working capital
€19,370▲ 28.2%
2024 · €15,105
Multi-year overview
2020 to 2025, 6 financial yearsOperating result
-€3,919
▼ 62.7%
2025
20202025
Net result
-€4,155
▼ 53.7%
2025
lowest quarter of the sector
20202025
Equity
€48,572
▼ 7.9%
2025
middle half of the sector
20202025
Total assets
€53,755
▼ 4.5%
2025
lowest quarter of the sector
20202025
Debt
€5,183
▲ 46.2%
2025
20202025
Working capital
€19,370
▲ 28.2%
2025
middle half of the sector
20202025
Solvency
90.4%
▼ 3.3pp
2025
highest quarter of the sector
20202025
Current ratio
4.74
▼ 0.52
2025
highest quarter of the sector
20202025
Return on assets (ROA)
-7.7%
▼ 2.9pp
2025
lowest quarter of the sector
20202025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Operating result€13,767-€19,496▲ 41.6%€31,567▲ 61.9%€2,294▼ 92.7%-€2,409-€3,919▼ 62.7%
Net result€10,039within the sector's middle half-€14,011within the sector's middle half▲ 39.6%€21,472within the sector's middle half▲ 53.2%€1,508below the sector's middle half▼ 93.0%-€2,703below the sector's middle half-€4,155below the sector's middle half▼ 53.7%
Equity€19,239within the sector's middle half-€32,450within the sector's middle half▲ 68.7%€53,922within the sector's middle half▲ 66.2%€55,430within the sector's middle half▲ 2.8%€52,727within the sector's middle half▼ 4.9%€48,572within the sector's middle half▼ 7.9%
Total assets€26,539below the sector's middle half-€38,122below the sector's middle half▲ 43.6%€60,821below the sector's middle half▲ 59.5%€73,866within the sector's middle half▲ 21.4%€56,272below the sector's middle half▼ 23.8%€53,755below the sector's middle half▼ 4.5%
Debt€7,300-€5,672▼ 22.3%€6,899▲ 21.6%€18,436▲ 167%€3,545▼ 80.8%€5,183▲ 46.2%
Working capital€19,239within the sector's middle half-€22,338within the sector's middle half▲ 16.1%€46,918within the sector's middle half▲ 110%€5,897within the sector's middle half▼ 87.4%€15,105within the sector's middle half▲ 156%€19,370within the sector's middle half▲ 28.2%
Solvency72.5%above the sector's middle half-85.1%above the sector's middle half▲ 12.6pp88.7%above the sector's middle half▲ 3.5pp75.0%above the sector's middle half▼ 13.6pp93.7%above the sector's middle half▲ 18.7pp90.4%above the sector's middle half▼ 3.3pp
Current ratio3.64above the sector's middle half-4.94above the sector's middle half▲ 1.308.60above the sector's middle half▲ 3.671.32within the sector's middle half▼ 7.285.26above the sector's middle half▲ 3.944.74above the sector's middle half▼ 0.52
Return on assets (ROA)37.8%above the sector's middle half-36.8%above the sector's middle half▼ 1.1pp35.3%above the sector's middle half▼ 1.5pp2.0%within the sector's middle half▼ 33.3pp-4.8%below the sector's middle half▼ 6.8pp-7.7%below the sector's middle half▼ 2.9pp
above
within
below
The sector band is the middle half of the companies in Repair, maintenance and installation of machinery and equipment (NACE 33). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €3,919, larger than the loss of €2,409 in 2024. It is the lowest result since 2020.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €53,755
Fixed assets
€29,202 ▼ 22.4%
Current assets
€24,553 ▲ 31.7%
Equity and liabilities €53,755
Equity
€48,572 ▼ 7.9%
Debt
€5,183 ▲ 46.2%
Debt's share of the balance-sheet total rises from 6.3% to 9.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€8,151▼
2024 · €9,502
Cash flow
€7,915▼
2024 · €9,208
Quick ratio
4.52▼
2024 · 5.26
Debt to equity
0.11▲
2024 · 0.07
ROE
-8.6%▼
2024 · -5.1%
Interest coverage
over 100▲
2024 · 79.54
Debt ≤ 1 year
€5,183▲
2024 · €3,545
Income taxes
€180▲
2024 · €174
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €11,899 | - | €47,652 | - | €3,650 |
| Depreciation and write-downs of the year | €1,786 | €2,380 | €5,852 | €11,910 | €12,070 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,786 | €2,380 | €5,852 | €11,910 | €12,070 | ▲ 1.3% |
| Other operating charges640/8 | - | €523 | €695 | €674 | €851 | €635 | ▼ 25.4% |
| Gross operating margin9900 | €14,482 | €21,805 | €34,642 | €8,820 | €10,352 | €8,786 | ▼ 15.1% |
| Operating profit (loss)9901 | €13,767 | €19,496 | €31,567 | €2,294 | -€2,409 | -€3,919 | ▼ 62.7% |
| Financial income75/76B | - | €0 | €0 | €3 | - | - | - |
| Recurring financial income75 | €0 | €0 | €0 | €3 | - | - | - |
| Financial charges65/66B | - | €44 | €85 | €50 | €119 | €55 | ▼ 53.6% |
| Recurring financial charges65 | €38 | €44 | €85 | €50 | €119 | €55 | ▼ 53.6% |
| Profit (loss) for the period before taxes9903 | €13,729 | €19,452 | €31,482 | €2,247 | -€2,528 | -€3,975 | ▼ 57.2% |
| Income taxes67/77 | €3,690 | €5,440 | €10,011 | €740 | €174 | €180 | ▲ 3.4% |
| Profit (loss) for the period9904 | €10,039 | €14,011 | €21,472 | €1,508 | -€2,703 | -€4,155 | ▼ 53.7% |
| Profit (loss) for the period to be appropriated9905 | €10,039 | €14,011 | €21,472 | €1,508 | -€2,703 | -€4,155 | ▼ 53.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €26,539 | €38,122 | €60,821 | €73,866 | €56,272 | €53,755 | ▼ 4.5% |
| Fixed assets21/28 | - | €10,112 | €7,733 | €49,532 | €37,622 | €29,202 | ▼ 22.4% |
| Tangible fixed assets22/27 | - | €10,112 | €7,733 | €49,532 | €37,622 | €29,202 | ▼ 22.4% |
| Plant, machinery and equipment23 | - | - | - | - | - | €2,281 | - |
| Furniture and vehicles24 | - | €10,112 | €7,733 | €49,532 | €37,622 | €26,921 | ▼ 28.4% |
| Current assets29/58 | €26,539 | €28,010 | €53,088 | €24,334 | €18,650 | €24,553 | ▲ 31.7% |
| Stocks and contracts in progress3 | - | - | €5,536 | - | - | €1,107 | - |
| Stocks30/36 | - | - | €5,536 | - | - | €1,107 | - |
| Amounts receivable within one year40/41 | €24,535 | €22,508 | €42,952 | €14,719 | €10,029 | €4,010 | ▼ 60.0% |
| Trade receivables40 | - | - | €7,798 | €8,458 | €7,702 | €2,080 | ▼ 73.0% |
| Other amounts receivable41 | - | €22,508 | €35,154 | €6,261 | €2,327 | €1,930 | ▼ 17.1% |
| Cash at bank and in hand54/58 | €2,004 | €5,264 | €4,351 | €8,533 | €7,517 | €18,395 | ▲ 145% |
| Deferred charges and accrued income490/1 | - | €238 | €249 | €1,081 | €1,103 | €1,041 | ▼ 5.6% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €26,539 | €38,122 | €60,821 | €73,866 | €56,272 | €53,755 | ▼ 4.5% |
| Equity10/15 | €19,239 | €32,450 | €53,922 | €55,430 | €52,727 | €48,572 | ▼ 7.9% |
| Contributions10/11 | - | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | €9,239 | €22,450 | €43,922 | €45,430 | €45,430 | €45,430 | = |
| Distributable reserves133 | - | €22,450 | €43,922 | €45,430 | €45,430 | €45,430 | = |
| Profit (loss) carried forward14 | - | - | - | - | -€2,703 | -€6,858 | ▼ 154% |
| Amounts payable17/49 | €7,300 | €5,672 | €6,899 | €18,436 | €3,545 | €5,183 | ▲ 46.2% |
| Amounts payable within one year42/48 | €7,300 | €5,672 | €6,170 | €18,436 | €3,545 | €5,183 | ▲ 46.2% |
| Trade debts44 | €217 | €1,200 | €925 | €4,559 | - | - | - |
| Suppliers440/4 | - | €1,200 | €925 | €4,559 | - | - | - |
| Taxes, remuneration and social security45 | - | €4,472 | €5,245 | €4,880 | €1,168 | €2,184 | ▲ 86.9% |
| Taxes450/3 | - | €4,472 | €5,245 | €4,880 | €1,168 | €2,184 | ▲ 86.9% |
| Other amounts payable47/48 | - | - | - | €8,998 | €2,377 | €2,999 | ▲ 26.2% |
| Accrued charges and deferred income492/3 | - | - | €729 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,039 | €14,011 | €21,472 | €1,508 | -€2,703 | -€4,155 | ▼ 53.7% |
| + Depreciation and write-downs630 | - | €1,786 | €2,380 | €5,852 | €11,910 | €12,070 | ▲ 1.3% |
| Operating cash flow (approximation) | €10,039 | €15,798 | €23,851 | €7,360 | €9,208 | €7,915 | ▼ 14.0% |
| Investment in fixed assets (approximation) | - | - | €0 | -€47,652 | €0 | -€3,650 | - |
| Change in cash | - | €3,260 | -€913 | €4,182 | -€1,016 | €10,877 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,440 companies had the same profile as MLC Services has now. Two years later, 90.0% were still going and 2.3% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a small loss
90.0%
was still going
7.4%
stopped otherwise
2.3%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MLC Services itself is lower: 0.4% within 12 months. It rests on far more data about MLC Services than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,440 companies, not a prediction for MLC Services. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 25-06-2026 | 2026-00197357 | |
| 31-12-2024 | micro format | 30-06-2025 | 2025-00193842 | |
| 31-12-2023 | micro format | 12-07-2024 | 2024-00239022 | |
| 31-12-2022 | micro format | 04-08-2023 | 2023-00317569 | |
| 31-12-2021 | micro format | 08-07-2022 | 2022-20172182 | |
| 31-12-2020 | micro format | 03-08-2021 | 2021-45800122 |