Mycore
ActiveSummary
Mycore has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €190,852 and a net result of €151,476. Equity is growing by ~86% per year across the filed fiscal years. Its solvency ranks better than 48% of 2098 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency62▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity tight (current ratio 1.32 against 1.33 in 2023; short-term debt: 63.3% and cash: 43.6% of total assets), and 63.3% of the assets are financed with debt.
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Signals
Two 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-06-2025, 41 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
41 d early
2023
26 d early
2022
70 d early
2021
19 d early
2020
30 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 37 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€190,852▲ 41.9%
2023 · €134,502
Total assets
€519,490▲ 54.0%
2023 · €337,386
Net result
€151,476▲ 59.2%
2023 · €95,126
Working capital
€103,799▲ 69.0%
2023 · €61,410
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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
Line20202021202220232024
Operating result€12,781-€37,405▲ 193%€104,511▲ 179%€127,618▲ 22.1%€215,836▲ 69.1%
Net result€7,470within the sector's middle half-€23,822within the sector's middle half▲ 219%€75,994above the sector's middle half▲ 219%€95,126above the sector's middle half▲ 25.2%€151,476above the sector's middle half▲ 59.2%
Equity€15,554within the sector's middle half-€39,376within the sector's middle half▲ 153%€39,376within the sector's middle half=€134,502above the sector's middle half▲ 242%€190,852within the sector's middle half▲ 41.9%
Total assets€36,651below the sector's middle half-€216,811within the sector's middle half▲ 492%€142,980within the sector's middle half▼ 34.1%€337,386above the sector's middle half▲ 136%€519,490within the sector's middle half▲ 54.0%
Debt€21,097-€177,435▲ 741%€103,604▼ 41.6%€202,883▲ 95.8%€328,638▲ 62.0%
Working capital€5,062within the sector's middle half-€29,672within the sector's middle half▲ 486%€32,065within the sector's middle half▲ 8.1%€61,410within the sector's middle half▲ 91.5%€103,799within the sector's middle half▲ 69.0%
Solvency42.4%within the sector's middle half-18.2%within the sector's middle half▼ 24.3pp27.5%within the sector's middle half▲ 9.4pp39.9%within the sector's middle half▲ 12.3pp36.7%within the sector's middle half▼ 3.1pp
Current ratio1.24within the sector's middle half-1.17within the sector's middle half▼ 0.071.31within the sector's middle half▲ 0.141.33within the sector's middle half▲ 0.021.32within the sector's middle half▼ 0.02
Return on assets (ROA)20.4%above the sector's middle half-11.0%within the sector's middle half▼ 9.4pp53.2%above the sector's middle half▲ 42.2pp28.2%above the sector's middle half▼ 25.0pp29.2%above the sector's middle half▲ 1.0pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 69% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €519,490
Fixed assets
€87,054 ▼ 4.5%
Current assets
€432,437 ▲ 75.6%
Equity and liabilities €519,490
Equity
€190,852 ▲ 41.9%
Debt
€328,638 ▲ 62.0%
Debt's share of the balance-sheet total rises from 60.1% to 63.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€219,902▲
2023 · €131,266
Cash flow
€155,542▲
2023 · €98,774
Quick ratio
1.23▲
2023 · 0.43
Debt to equity
1.72▲
2023 · 1.51
ROE
79.4%▲
2023 · 70.7%
Interest coverage
18.85▼
2023 · 23.75
Debt ≤ 1 year
€328,638▲
2023 · €184,856
Debt > 1 year
€0▼
2023 · €18,028
Income taxes
€52,694▲
2023 · €27,122
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,778 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
2.6%
stopped otherwise
97%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 6,778 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,323 | €1,969 | €1,853 | €3,648 | €4,066 | ▲ 11.5% |
| Other operating charges640/8 | - | €1,192 | €1,104 | €1,696 | €9,785 | ▲ 477% |
| Gross operating margin9900 | €15,078 | €40,566 | €107,469 | €132,962 | €229,688 | ▲ 72.7% |
| Operating profit (loss)9901 | €12,781 | €37,405 | €104,511 | €127,618 | €215,836 | ▲ 69.1% |
| Financial income75/76B | - | €35 | €149 | €157 | €1 | ▼ 99.7% |
| Recurring financial income75 | - | €35 | €149 | €157 | €1 | ▼ 99.7% |
| Financial charges65/66B | - | €1,004 | €1,320 | €5,528 | €11,667 | ▲ 111% |
| Recurring financial charges65 | €838 | €1,004 | €1,320 | €5,528 | €11,667 | ▲ 111% |
| Profit (loss) for the period before taxes9903 | €11,943 | €36,436 | €103,340 | €122,248 | €204,170 | ▲ 67.0% |
| Income taxes67/77 | €4,473 | €12,613 | €27,346 | €27,122 | €52,694 | ▲ 94.3% |
| Profit (loss) for the period9904 | €7,470 | €23,822 | €75,994 | €95,126 | €151,476 | ▲ 59.2% |
| Profit (loss) for the period to be appropriated9905 | €7,470 | €23,822 | €75,994 | €95,126 | €151,476 | ▲ 59.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €36,651 | €216,811 | €142,980 | €337,386 | €519,490 | ▲ 54.0% |
| Fixed assets21/28 | €10,492 | €9,705 | €7,851 | €91,119 | €87,054 | ▼ 4.5% |
| Tangible fixed assets22/27 | €10,492 | €9,705 | €7,851 | €91,119 | €87,054 | ▼ 4.5% |
| Land and buildings22 | - | - | - | €73,750 | €73,750 | = |
| Furniture and vehicles24 | - | €1,691 | €777 | €10,364 | €7,332 | ▼ 29.3% |
| Other tangible fixed assets26 | - | €8,014 | €7,074 | €7,005 | €5,972 | ▼ 14.7% |
| Current assets29/58 | €26,159 | €207,107 | €135,129 | €246,266 | €432,437 | ▲ 75.6% |
| Stocks and contracts in progress3 | - | €132,225 | €775 | €166,839 | €27,657 | ▼ 83.4% |
| Stocks30/36 | - | €132,225 | €775 | €166,839 | €27,657 | ▼ 83.4% |
| Amounts receivable within one year40/41 | €8,575 | €20,859 | €27,606 | €57,094 | €172,965 | ▲ 203% |
| Trade receivables40 | - | €20,714 | €23,823 | €37,585 | €171,879 | ▲ 357% |
| Other amounts receivable41 | - | €145 | €3,783 | €19,508 | €1,086 | ▼ 94.4% |
| Cash at bank and in hand54/58 | €16,684 | €51,316 | €105,300 | €17,985 | €226,440 | ▲ 1,159% |
| Deferred charges and accrued income490/1 | - | €2,706 | €1,448 | €4,348 | €5,375 | ▲ 23.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €36,651 | €216,811 | €142,980 | €337,386 | €519,490 | ▲ 54.0% |
| Equity10/15 | €15,554 | €39,376 | €39,376 | €134,502 | €190,852 | ▲ 41.9% |
| Contributions10/11 | - | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €14,554 | €38,376 | €38,376 | €133,502 | €189,852 | ▲ 42.2% |
| Distributable reserves133 | - | €38,376 | €38,376 | €133,502 | €189,852 | ▲ 42.2% |
| Profit (loss) carried forward14 | -€681 | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €21,097 | €177,435 | €103,604 | €202,883 | €328,638 | ▲ 62.0% |
| Amounts payable after more than one year17 | - | - | - | €18,028 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | - | €18,028 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €21,097 | €177,435 | €103,064 | €184,856 | €328,638 | ▲ 77.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €34,993 | €18,028 | ▼ 48.5% |
| Financial debts43 | - | €149,000 | €10,033 | €8,103 | €0 | ▼ 100% |
| Credit institutions430/8 | - | €149,000 | €10,033 | €8,103 | €0 | ▼ 100% |
| Trade debts44 | €4,298 | €5,556 | €3,824 | €136,371 | €273,344 | ▲ 100% |
| Suppliers440/4 | - | €5,556 | €3,824 | €136,371 | €273,344 | ▲ 100% |
| Advances received on contracts in progress46 | - | €6,000 | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | €16,879 | €13,212 | €3,122 | €32,410 | ▲ 938% |
| Taxes450/3 | - | €16,879 | €13,212 | €3,122 | €32,410 | ▲ 938% |
| Other amounts payable47/48 | - | - | €75,994 | €2,267 | €4,857 | ▲ 114% |
| Accrued charges and deferred income492/3 | - | - | €540 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,470 | €23,822 | €75,994 | €95,126 | €151,476 | ▲ 59.2% |
| + Depreciation and write-downs630 | €1,323 | €1,969 | €1,853 | €3,648 | €4,066 | ▲ 11.5% |
| Operating cash flow (approximation) | €8,793 | €25,792 | €77,847 | €98,774 | €155,542 | ▲ 57.5% |
| Investment in fixed assets (approximation) | - | -€1,182 | €0 | -€86,916 | €0 | ▲ 100% |
| Change in cash | - | €34,633 | €53,984 | -€87,315 | €208,455 | ▲ 339% |
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
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2020net €151,476 ▲59.2%
Operating result €215,836, net result €151,476, both a record.
31-12
Financial
Equity above €150,000Eq €190,852 ▲41.9%
5 profitable years in a row build equity to €190,852.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100,000Eq €134,502 ▲242%
4 profitable years in a row build equity to €134,502.
22-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Tessenderlo-Ham · 1 establishment unit since 2017
Ground area
1,063 m²
Building footprint
172 m²
Volume, LiDAR
1,128 m³
Parcel 71364E1506/00P000, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Mycore
since 20172.266.826.751
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71364E1506/00P000 | Flanders | 1,063 m² | 1 · 172 m² | 9.7 m · 2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteTessenderlo-Ham2.266.826.751
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,052. 12,194 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
Founded16-05-2017
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
96230Day spas, saunas and steam baths
41003General construction of other non-residential buildings
46190Agents in non-specialised wholesale trade
47715Retail trade
70200Business and other management consultancy
82300Organisation of conventions and trade shows
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0675752973
Also
9925:BE0675752973
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.