Losses
-€575,376 in seven years
Every financial year from 2019 to 2025 closed with a loss. 2020 was the heaviest.
M.J.C.M.
Lifetime
18 annual accounts with figures on one time axispeak €468,340 (2018)
€202,997▲ 21.1%
lowest -€411,375 (2016)
-€53,211▲ €64,542
peak €2.5m (2018)
€1.8m▼ 2.9%
€2.8m▼ 4.7%
Board2 names since 2021
1 directorBROSS
Documentsfilings and deeds
12-08-202612 days late
2025abbreviated format
Gross margin from €167,572 to €202,997Loss of €53,211Cash from €98,977 to €56,616
Key points
from the 2025 annual accountsFilings
18 annual accounts since 2008
Ten of the last ten came late. The 2020 accounts came latest: 87 days after the end of the period.
Position in the sector
-€53,211
Lower net result than 92% of companies in head offices and management consultancy. Sector median €37,527 · 10,855 companies.
Checked score
91
Excellent
Financially stronger than 26% of small companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 4,522 companies (NACE 70, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: 0.1%▲ +0.1 percentage points vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: < 0.1%▼ -0.1 percentage points vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: 0.1%▲ +0.1 percentage points vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026highest value
09-2026: < 0.1%▼ -0.2 percentage points vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.19, cash €56,616
lowers risk
Size: total assets €4.5m
Figures for financial year 2025 (filed on 13-08-2026)
Sector: Activities of head offices; management consultancy activities (NACE 70)
Calculation
The band follows from the bankruptcy probability. 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 70, small). It does better than 38% of them on solvency, 11% on liquidity, 34% on profitability and 23% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,686 companies had the same profile as M.J.C.M. has now. Each dot stands for 7 companies, two years later.
93.7%
were still trading
5.4%
stopped another way
0.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of M.J.C.M. itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 2,686 companies, not a prediction for M.J.C.M.. 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.
Credit verdict
Credit of up to €150,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.19 (0.19 in 2024), below 1. Short-term debt is 51.8% and cash 1.2% of total assets. 61.4% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
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
1819202122232425
2018 to 2025 · latest year -€53,211
raises risk · 2025 accounts filed 12 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-08-2026, 12 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 filingsDeviation from the deadline
2025
12 days late
2024
21 days late
2023
20 days late
2022
11 days late
2021
23 days late
2020
87 days late
2019
66 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 34 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% 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 21 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0893660208
Change of role: John MESTDAGH, from manager to director
General meeting of 01-12-2023 · Gazette deed
First establishment
M.J.C.M, Rue de Baudémont 58, Ittre
Incorporation
published on 03-12-2007 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| M.J.C.M. Ittre | €4.5m | €202,997 | 38.6% | - |
| WAMCO Ixelles | €4.8m | €216,057 | -5.2% | - |
| EMAAR La Bruyère | €5.0m | €200,433 | 27.2% | 1.7 |
| KVAV Ghent | €4.9m | €216,991 | 5.2% | - |
| WV INVEST Zonhoven | €4.5m | €202,643 | 59.7% | - |
| KL Holding Lokeren | €4.7m | €200,914 | 67.7% | - |
| COSIGN HOLDING Peer | €4.9m | €186,187 | 42.8% | - |
These companies have the same main activity as M.J.C.M.: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €4.5m and €5m, founded between 2006 and 2009.
Official details
Source: KBO- Status
- Active since 15-11-2007Normal situation
- Activity
- Business and other management consultancyNACE 70200
- Establishment unit
- 2.167.683.1501460 Ittre, since 22-11-2007
- Financial year end
- 31 December
- Peppol
- Reachable since 24-12-2025
Insights on M.J.C.M.
M.J.C.M. files the abbreviated format. That format states no turnover. The gross margin fell from €248,943 in 2008 to €202,997 in 2025.
The balance sheet grew most from 2014 to 2016 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about M.J.C.M.
- What is the company number of M.J.C.M.?
- The company number of M.J.C.M. is 0893.660.208. The VAT number is the same number with BE in front: BE 0893.660.208.
- Where is M.J.C.M. based?
- The registered office is at Rue de Baudémont 58, 1460 Ittre.Company details
- What does M.J.C.M. do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of M.J.C.M.?
- M.J.C.M. is a private limited company (BV).
- When was M.J.C.M. founded?
- M.J.C.M. was founded on 15-11-2007.
- Is M.J.C.M. still active?
- Yes, M.J.C.M. is an active enterprise in the KBO register.
- What is the turnover of M.J.C.M.?
- The turnover in financial year 2025 is ≈ €330,000. This figure is estimated from the gross margin of €202,997 and 93 comparable companies (NACE 70200). It probably lies between €260,000 and €420,000.Financials
- Is M.J.C.M. profitable?
- In financial year 2025, M.J.C.M. made a loss of €53,211.
- Where can I find the annual accounts of M.J.C.M.?
- M.J.C.M. filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of M.J.C.M. due?
- M.J.C.M. must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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