MC² DEVELOPMENT
ActiveSummary
MC² DEVELOPMENT has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13.81M and a net result of €872k. Equity is growing by ~77.4% per year across the filed fiscal years. Its solvency ranks better than 51% of 4539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▲+16
Solvency65▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €250k at 30 days acceptable
Liquidity ample (current ratio 6.18 against 4.95 in 2024; short-term debt: 2.2% and cash: 11.7% of total assets), but 60.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
39.8%
Return on assets
2.5%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-04-2026, 114 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
114 d early
2024
121 d early
2023
120 d early
2022
118 d early
2021
101 d early
2020
33 d early
2019
37 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€2.55M▲ 4.1%
2023 · €2.45M
2021: €6.76M
2023: €2.45M
2021 → 2025
EBIT margin
65.1%▲ 2.2pp
2023 · 62.8%
2021: 10.5%
2023: 62.8%
2021 → 2025
Net result
€872k▲ 3.3%
2024 · €844k
2019: €-14k
2020: €-66k
2021: €480k
2022: €480k
2023: €709k
2024: €844k
2019 → 2025
Working capital
€3.98M▲ 31.0%
2024 · €3.04M
2019: €-545k
2020: €-1.77M
2021: €-31.55M
2022: €1.30M
2023: €2.05M
2024: €3.04M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€6.76M-€2.45M€2.55M
Equity€1.15M-€11.39M▲ 890%€12.10M▲ 6.2%€12.94M▲ 7.0%€13.81M▲ 6.7%
Operating result€709k-€1.22M▲ 72.4%€1.54M▲ 25.9%€1.56M▲ 1.5%€1.66M▲ 6.2%
Net result€480k-€480k▲ 0.1%€709k▲ 47.5%€844k▲ 19.1%€872k▲ 3.3%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 6% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €34.70M
Fixed assets
€29.95M ▼ 2.5%
Current assets
€4.75M ▲ 24.7%
Equity and liabilities €34.70M
Equity
€13.81M ▲ 6.7%
Debt
€20.89M ▼ 3.2%
Debt's share of the balance-sheet total falls from 62.5% to 60.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2.49M▲
2024 · €2.40M
Cash flow
€1.71M▲
2024 · €1.68M
Current ratio
6.18▲
2024 · 4.95
Debt to equity
1.51▼
2024 · 1.67
ROE
6.3%▼
2024 · 6.5%
ROA
2.5%▲
2024 · 2.4%
Interest coverage
4.46▲
2024 · 4.17
Debt ≤ 1 year
€770k▼
2024 · €771k
Debt > 1 year
€19.33M▼
2024 · €20.02M
Income taxes
€291k▲
2024 · €281k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€34.51M€34.70M▲
Fixed assets21/28€30.70M€29.95M▼
Tangible fixed assets22/27€30.70M€29.95M▼
Furniture and vehicles24€2k€2k▼
Other tangible fixed assets26€30.70M€29.95M▼
Current assets29/58€3.81M€4.75M▲
Amounts receivable within one year40/41€636k€650k▲
Trade receivables40€636k€650k▲
Cash at bank and in hand54/58€3.14M€4.07M▲
Deferred charges and accrued income490/1€38k€34k▼
Equity and liabilities
Total equity and liabilities10/49€34.51M€34.70M▲
Equity10/15€12.94M€13.81M▲
Contributions10/11€10.51M€10.51M=
Capital10€10.51M€10.51M=
Issued capital100€10.51M€10.51M=
Reserves13€122k€165k▲
Non-distributable reserves130/1€122k€165k▲
Legal reserve130€122k€165k▲
Profit (loss) carried forward14€2.31M€3.14M▲
Amounts payable17/49€21.57M€20.89M▼
Amounts payable after more than one year17€20.02M€19.33M▼
Financial debts170/4€20.02M€19.33M▼
Amounts payable within one year42/48€771k€770k▼
Current portion of amounts payable after more than one year42€674k€693k▲
Trade debts44€88€24k▲
Suppliers440/4€88€24k▲
Taxes, remuneration and social security45€96k€52k▼
Taxes450/3€96k€52k▼
Accrued charges and deferred income492/3€782k€794k▲
Income statement
Code20242025
Turnover70-€2.55M
Goods, raw materials, services and sundry goods60/61-€76k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€832k€833k▲
Other operating charges640/8€218k€224k▲
Gross operating margin9900€2.61M€2.72M▲
Operating profit (loss)9901€1.56M€1.66M▲
Financial income75/76B€137k€61k▼
Recurring financial income75€137k€61k▼
Financial charges65/66B€575k€558k▼
Recurring financial charges65€575k€558k▼
Profit (loss) for the period before taxes9903€1.12M€1.16M▲
Income taxes67/77€281k€291k▲
Profit (loss) for the period9904€844k€872k▲
Profit (loss) for the period to be appropriated9905€844k€872k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2.35M€3.18M▲
Profit (loss) brought forward from the previous period14P€1.51M€2.31M▲
Transfer to equity691/2€42k€44k▲
To the legal reserve6920€42k€44k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2019net €872k ▲3.3%
Operating result €1.66M, net result €872k, both a record.
01-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
02-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
04-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Liquidity times 84current ratio 3.03
Current ratio from 0.04 to 3.03; short-term debt falls from €32.74M to €640k.
31-12
Financial
Equity above €10MEq €11.39M ▲890%
2 profitable years in a row build equity to €11.39M.
21-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €480k
Net result €480k after 2 loss-making years.
31-12
Financial
Equity above €1MEq €1.15M ▲71.6%
Equity rises from €670k to €1.15M.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-66k
Net result drops to €-66k, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
12 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, Sint-Joost-ten-Node · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Karel Rogierplein 111210 Sint-Joost-ten-NodeGround area
3,343 m²
Building footprint
3,343 m²
Volume, LiDAR
268,011 m³
Parcel 21014A0014/02L002, Brussels · tallest building 144.7 m, ±28 floors. Linked by address, not a title deed.
1 establishment unit
Karel Rogierplein 11, 1210 Sint-Joost-ten-Node
since 20182.276.639.587
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21014A0014/02L002 | Brussels | 3,343 m² | 1 · 3,343 m² | 144.7 m · 28 fl. |
Linked by address, not proof of ownership
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.
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Of 1,292 companies in sector 68122 we hold annual accounts for 901. 238 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded12-06-2018
Fiscal year end31-12
Activities, NACEBEL 2025
68122Development of non-residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.