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MRCe

Active
Private limited company (pre-2019)founded 2011active for 14 yearsAntwerpsebaan 420, 2040 Antwerpen, BelgiumKBO/BCE: BE 0842.078.972
Summary

The computed 12-month bankruptcy probability of MRCe is 4.1% (elevated). The 2025 annual accounts show equity of €33,146 and a net result of €1,744, of which €4,032 non-recurring income. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 59% of 34,678 sector peers (NACE 43, financial year 2025). The company has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow ReportCompare
MRCeActiveChecked score 48/100
Risk analysis ReportCompare

Overview

Activity
General electrical installation work
NACE 43211
1 site
Size
€60,608total assets 2025
Equity
€33,146
Profit
€1,744
Turnover not published (micro format)
Financial health
48 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
4.1%
Structure
2025 accounts filed 55 days late1 of 3 deeds summarised
Why 48raises riskLast filed accounts filed 55 days late; 3 of the last 3 lateLiquidity: current ratio 2.171 change of registered office in 24 monthsSector: Specialised construction activities (NACE 43)Show the evidence

Checked score

Score 2025
48 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 46% of its sector peers (NACE 43, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 80+6
equity 54.7% of total assets
Liquidity 57+11
short-term debt 44.3%
Profitability 48-52
return on assets 2.9%
Bankruptcy probability, 12 months
4.1% Elevated
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,621 companies, NACE 43, micro)
Last 24 months 11-2024: 2.5% 12-2024: 2.5%● unchanged vs 11-2024 01-2025: 2.5%● unchanged vs 12-2024 02-2025: 2.5%● unchanged vs 01-2025 03-2025: 2.5%● unchanged vs 02-2025 04-2025: 2.5%● unchanged vs 03-2025 05-2025: 2.4%▼ -0.1 percentage points vs 04-2025 06-2025: 2.3%▼ -0.1 percentage points vs 05-2025 07-2025: 2.5%▲ +0.2 percentage points vs 06-2025 08-2025: 3.2%▲ +0.7 percentage points vs 07-2025 09-2025: 3.7%▲ +0.5 percentage points vs 08-2025 10-2025: 0.6%▼ -3.1 percentage points vs 09-2025 11-2025: 0.6%● unchanged vs 10-2025 12-2025: 0.6%● unchanged vs 11-2025 01-2026: 0.6%● unchanged vs 12-2025lowest value 02-2026: 1.1%▲ +0.5 percentage points vs 01-2026 03-2026: 1.1%● unchanged vs 02-2026 04-2026: 1.1%● unchanged vs 03-2026 05-2026: 1.3%▲ +0.2 percentage points vs 04-2026 06-2026: 1.3%● unchanged vs 05-2026 07-2026: 1.3%● unchanged vs 06-2026 08-2026: 1.9%▲ +0.6 percentage points vs 07-2026 09-2026: 2.3%▲ +0.4 percentage points vs 08-2026 10-2026: 4.1%▲ +1.8 percentage points vs 09-2026highest value
Credit of up to €1,500 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity ample (current ratio 2.17, compared with 1.72 in 2024, above the usual 1.5; short-term debt: 44.3% of total assets), and 45.3% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 60% on solvency, 54% on liquidity, 23% on profitability and 48% on growth.

The bankruptcy probability was computed on 24-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises risk
raises risk · Last filed accounts filed 55 days late; 3 of the last 3 late
NBB · filings
raises risk · Liquidity: current ratio 2.17
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €33,146
raises risk · 2025 accounts filed 55 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-09-2026, 55 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
55 days late
2024
35 days late
2023
40 days late
2022
85 days late
2021
78 days late
2020
436 days late
2019
68 days late
← 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 114 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 September (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
24-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Registered officeRegistered-office move · Director in…
  3. Annual accounts filedfinancial year 2024 · micro…

Key points

  • Total assets 20256 financial years filed €60,608 View
  • Active since 2011founded 23-12-2011 14 years View

By topic

Financials

Financial year
2025
Total assets
€60,608
Profit
€1,744
Solvency
54.7%
Total assets▼ 4.9%
Net result
20182025
Go to Financials

Timeline

Events
19
Since
2013
Next accounts
by 31-07-2027
  1. 31-12-2024Highest result from 2018 to 2025
  2. 31-12-2024Liquidity more than doubled
  3. 09-09-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company (pre-2019)
Activity
General electrical installation workNACE 43211
Founded
23-12-2011
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Key facts about MRCe

What is the company number of MRCe?
0842.078.972. In Belgium the VAT number is the company number with BE in front: BE 0842.078.972.
Where is MRCe based?
The registered office is at Antwerpsebaan 420, 2040 Antwerpen.Company details
What does MRCe do?
According to the KBO register, the main activity is general electrical installation work (NACE 43211).
What is the legal form of MRCe?
Private limited company (pre-2019) (BVBA).
When was MRCe founded?
On 23-12-2011.
Is MRCe still active?
Yes, MRCe is an active enterprise in the KBO register.
What is the turnover of MRCe?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is MRCe profitable?
In financial year 2025, MRCe made a profit of €1,744.
Where can I find the annual accounts of MRCe?
MRCe filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of MRCe due?
By 31-07-2027, for financial year 2026.Timeline

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