Checked.be
Active
BE 0447.654.109Public limited company
M.C.L.
Industrieterrein Kanaal-Noord 1120 ·3960 Bree, Belgium· 34 yrs active
Sector: Wholesale trade
(46841)
Conclusion
M.C.L. has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.48M and a net result of €837k. Equity is growing by ~11.1% per year across the filed fiscal years. Its solvency ranks better than 40% of 4761 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €2.48M |
| Net result | €837k |
| Staff (FTE) | 8.4 |
| Better than sector | 40% |
Financial profile
77
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
93
Profitability
65
Solvency
80
Growth
48
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1992, 34 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
93
/ 100
Excellent
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€230k
estimate, not credit advice
Score history
91
2021
89
2022
91
2023
85
2024
93
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 3.12 (≥ 1.5)
+10
Quick ratio
Quick ratio 2.04 (≥ 1.0)
+5
Leverage
Debt/equity 1.71 (< 2.0)
+3
Profitability
ROE 34% (≥ 10%)
+10
EBITDA margin
EBITDA-marge 7%
+2
Interest coverage
Interest coverage 35.7× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 23-09-2025 with the NBB · fiscal year 2025 · full schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~11.1%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 46, Wholesale trade · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 36.9% | 45.7% | |
| Net result | €837k | €116k | |
| Equity | €2.48M | €1.63M | |
| Staff costs | €454k | €779k | |
| Employees (FTE) | 8.4 | 10.9 |
€12.47M
+4.9%
21-25
€924k
-9.5%
21-25
€837k
+2.5%
21-25
€929k
+2.8%
21-25
€6.73M
-1.0%
21-25
€2.48M
0.0%
21-25
€3.90M
-5.0%
21-25
8
-18.4%
21-25
€454k
-9.5%
21-25
€183k
-33.8%
21-25
€737k
+19.5%
21-25
€4.25M
-1.6%
21-25
€1.84M
+10.8%
21-25
€2.38M
-9.9%
21-25
3.12
-10.1%
21-25
2.04
-8.8%
21-25
36.9%
+1.0%
21-25
1.71
-1.6%
21-25
33.7%
+2.5%
21-25
12.4%
+3.5%
21-25
6.7%
-2.3%
21-25
7.4%
-13.7%
21-25
35.66
+7.2%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | full schema | full schema | full schema | full schema | full schema |
| Revenue | €12.47M | €11.89M | €20.20M | €16.71M | €11.52M |
| EBITDA | €924k | €1.02M | €2.37M | €2.50M | €1.52M |
| Net profit | €837k | €817k | €1.88M | €2.51M | €1.52M |
| Cash flow | €929k | €903k | €1.96M | €2.65M | €1.68M |
| Staff costs | €454k | €501k | €570k | €590k | - |
| Income taxes | €183k | €277k | €646k | €13k | €17k |
| Dividends | €737k | €617k | €941k | - | - |
| Total assets | €6.73M | €6.80M | €7.56M | €8.43M | €7.63M |
| Equity | €2.48M | €2.48M | €2.48M | €1.54M | €1.53M |
| Debt | €4.25M | €4.32M | €5.08M | €6.89M | €6.10M |
| of which ≤ 1y | €1.84M | €1.66M | €2.18M | €3.73M | €2.68M |
| of which > 1y | €2.38M | €2.64M | €2.90M | €3.16M | €3.41M |
| Working capital | €3.90M | €4.11M | €4.46M | €3.77M | €3.88M |
| Employees (FTE) | 8.4 | 10.3 | 12.2 | 11.3 | 11.7 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 3.12 | 3.47 | 3.04 | 2.01 | 2.45 |
| Quick ratio | 2.04 | 2.24 | 1.98 | 1.31 | 1.53 |
| Working capital ratio | 58.0% | 60.4% | 59.0% | 44.8% | 50.9% |
| Solvency | 36.9% | 36.5% | 32.8% | 18.3% | 20.0% |
| Debt / equity | 1.71 | 1.74 | 2.05 | 4.47 | 2.24 |
| Long-term debt ratio | 0.96 | 1.06 | 1.17 | 2.05 | 2.24 |
| Interest coverage | 35.66 | 33.27 | 68.70 | 71.11 | 43.36 |
| Gross margin | 17.4% | 20.0% | 18.7% | 22.4% | - |
| Net margin | 6.7% | 6.9% | 9.3% | 15.0% | 13.2% |
| ROA | 12.4% | 12.0% | 24.9% | 29.8% | 19.9% |
| ROE | 33.7% | 32.9% | 75.9% | 163.3% | 99.4% |
| EBITDA margin | 7.4% | 8.6% | 11.7% | 15.0% | 13.2% |
| Days sales outstanding | 47d | 46d | 54d | 71d | 54d |
| Days payable outstanding | 18d | 14d | 13d | 15d | - |
| Inventory turnover | 5.20 | 4.65 | 7.05 | 4.97 | - |
| Days inventory (DSI) | 70d | 78d | 52d | 73d | - |
Balance-sheet composition 2025
Full annual accounts (26 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €6.73M | €6.80M | €7.56M | €8.43M | €7.63M |
| Fixed assets | 21/28 | €980k | €1.03M | €919k | €928k | €1.06M |
| Tangible fixed assets | 22/27 | €980k | €1.03M | €919k | €927k | €1.06M |
| Financial fixed assets | 28 | - | - | - | €1k | €1k |
| Current assets | 29/58 | €5.75M | €5.77M | €6.65M | €7.50M | €6.56M |
| Stocks & contracts in progress | 3 | €1.98M | €2.05M | €2.33M | €2.61M | €2.46M |
| Amounts receivable within one year | 40/41 | €1.60M | €1.49M | €3.04M | €3.24M | €1.69M |
| Investments | 50/53 | €1.30M | - | - | - | - |
| Cash & bank | 54/58 | €840k | €2.20M | €1.27M | €1.64M | €2.40M |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €6.73M | €6.80M | €7.56M | €8.43M | €7.63M |
| Equity | 10/15 | €2.48M | €2.48M | €2.48M | €1.54M | €1.53M |
| Contributions / capital | 10/11 | €595k | €595k | €595k | €595k | €595k |
| Reserves | 13 | €1.89M | €1.89M | €813k | €813k | €813k |
| Accumulated profits (losses) | 14 | - | - | €1.07M | €131k | €117k |
| Amounts payable | 17/49 | €4.25M | €4.32M | €5.08M | €6.89M | €6.10M |
| Amounts payable after one year | 17 | €2.38M | €2.64M | €2.90M | €3.16M | €3.41M |
| Amounts payable within one year | 42/48 | €1.84M | €1.66M | €2.18M | €3.73M | €2.68M |
| Trade debts payable within one year | 44 | €498k | €377k | €589k | €526k | €763k |
| Income statement | ||||||
| Turnover | 70 | €12.47M | €11.89M | €20.20M | €16.71M | €11.52M |
| Operating result | 9901 | €832k | €935k | €2.29M | €2.37M | €1.36M |
| Financial income | 75 | €215k | €192k | €278k | €214k | €145k |
| Financial charges | 65 | €27k | €33k | €43k | €54k | €52k |
| Result before taxes | 9903 | €1.02M | €1.09M | €2.53M | €2.53M | €1.45M |
| Income taxes | 67/77 | €183k | €277k | €646k | €13k | €17k |
| Net result for the period | 9904 | €837k | €817k | €1.88M | €2.51M | €1.43M |
| Result to be appropriated | 9905 | €837k | €817k | €1.88M | €2.51M | €1.43M |
Legal Structure
| NACE primary | Wholesale trade(46841) |
| Legal form | Public limited company(014) |
| Incorporation | 17-06-1992 |
| Status | Active |
| Postal code | 3960 |
Establishment units
Industrieterrein Kanaal-Noord 1120, 3960 Bree
since 19932.058.784.814
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72004A0375/00G000 | Flanders | 1.9 ha | 1 · 1.4 ha | 10.4 m · 3 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
31-03
Financial
Weakest financial yearnet €817k ▼56.6%
Net result drops to €817k, the lowest in the series; recovery starts the following year.
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
31-03
Financial
Equity above €2MEq €2.48M ▲61.2%
3 profitable years in a row build equity to €2.48M.
2022
19-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
31-03
Financial
Highest result since 2021net €2.51M ▲65.7%
Operating result €2.37M, net result €2.51M, both a record.
2021
15-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
10-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
06-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
14-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
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.
Credit advice
Company registry (CBE)
Activities
Wholesale trade46820Wholesale trade46841Manufacture of metal structures and parts of structures2511028110
Names & trade names
| Legal nameNL | M.C.L. |
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