McSign
ActiveSummary
McSign has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €257k and a net result of €58k. Equity is growing by ~38.9% per year across the filed fiscal years. Its solvency ranks better than 37% of 8966 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability65▲+5
Solvency65▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 1.8 against 1.68 in 2023; short-term debt: 25.3% and cash: 21.5% of total assets), but 59.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 25-06-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
30 d early
2022
26 d early
2021
33 d early
2020
22 d early
2019
32 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€257k▲ 29.1%
2023 · €199k
2018: €84k
2019: €30k▼ -64.7% vs 2018lowest in 7 years
2020: €70k▲ +139% vs 2019
2021: €96k▲ +35.8% vs 2020
2022: €139k▲ +44.8% vs 2021
2023: €199k▲ +43.5% vs 2022
2024: €257k▲ +29.1% vs 2023highest in 7 years
2018 → 2024
Total assets
€639k▲ 7.0%
2023 · €597k
2018: €441k
2019: €365k▼ -17.3% vs 2018lowest in 7 years
2020: €415k▲ +13.8% vs 2019
2021: €514k▲ +23.8% vs 2020
2022: €496k▼ -3.6% vs 2021
2023: €597k▲ +20.4% vs 2022
2024: €639k▲ +7.0% vs 2023highest in 7 years
2018 → 2024
Net result
€58k▼ 3.9%
2023 · €60k
2018: €8k
2019: €-54k▼ -785% vs 2018lowest in 7 years
2020: €41k▲ +176% vs 2019
2021: €25k▼ -38.4% vs 2020
2022: €73k▲ +190% vs 2021highest in 7 years
2023: €60k▼ -17.7% vs 2022
2024: €58k▼ -3.9% vs 2023
2018 → 2024
Working capital
€130k▲ 59.4%
2023 · €81k
2018: €33k
2019: €-19k▼ -157% vs 2018lowest in 7 years
2020: €15k▲ +179% vs 2019
2021: €27k▲ +80.2% vs 2020
2022: €51k▲ +87.6% vs 2021
2023: €81k▲ +60.2% vs 2022
2024: €130k▲ +59.4% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€70k-€96k▲ 35.8%€139k▲ 44.8%€199k▲ 43.5%€257k▲ 29.1%
2020: €70klowest in 5 years
2021: €96k▲ +35.8% vs 2020
2022: €139k▲ +44.8% vs 2021
2023: €199k▲ +43.5% vs 2022
2024: €257k▲ +29.1% vs 2023highest in 5 years
Operating result€47k-€36k▼ 23.9%€109k▲ 206%€140k▲ 28.1%€128k▼ 8.7%
2020: €47k
2021: €36k▼ -23.9% vs 2020lowest in 5 years
2022: €109k▲ +206% vs 2021
2023: €140k▲ +28.1% vs 2022highest in 5 years
2024: €128k▼ -8.7% vs 2023
Net result€41k-€25k▼ 38.4%€73k▲ 190%€60k▼ 17.7%€58k▼ 3.9%
2020: €41k
2021: €25k▼ -38.4% vs 2020lowest in 5 years
2022: €73k▲ +190% vs 2021highest in 5 years
2023: €60k▼ -17.7% vs 2022
2024: €58k▼ -3.9% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 9% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €639k
Fixed assets
€348k ▼ 12.2%
Current assets
€291k ▲ 44.8%
Equity and liabilities €639k
Equity
€257k ▲ 29.1%
Debt
€382k ▼ 4.0%
Debt's share of the balance-sheet total falls from 66.7% to 59.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€190k▼
2023 · €193k
Cash flow
€120k▲
2023 · €113k
Current ratio
1.80▲
2023 · 1.68
Quick ratio
1.57▼
2023 · 1.68
Debt to equity
1.49▼
2023 · 2.00
ROE
22.5%▼
2023 · 30.3%
ROA
9.1%▼
2023 · 10.1%
Interest coverage
4.13▲
2023 · 3.48
Debt ≤ 1 year
€162k▲
2023 · €120k
Debt > 1 year
€220k▼
2023 · €278k
Income taxes
€24k▼
2023 · €24k
Staff costs
€13k▲
2023 · €11k
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 · 2024 against 2023 · 52 lines
Balance sheet
Code20232024
Assets
Total assets20/58€597k€639k▲
Fixed assets21/28€396k€348k▼
Tangible fixed assets22/27€396k€348k▼
Land and buildings22€227k€209k▼
Plant, machinery and equipment23€97k€76k▼
Furniture and vehicles24€60k€47k▼
Other tangible fixed assets26€11k€16k▲
Current assets29/58€201k€291k▲
Stocks and contracts in progress3-€38k
Contracts in progress37-€38k
Amounts receivable within one year40/41€54k€86k▲
Trade receivables40€49k€85k▲
Other amounts receivable41€6k€990▼
Cash at bank and in hand54/58€141k€137k▼
Deferred charges and accrued income490/1€6k€31k▲
Equity and liabilities
Total equity and liabilities10/49€597k€639k▲
Equity10/15€199k€257k▲
Contributions10/11€12k€12k=
Reserves13€186k€244k▲
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Distributable reserves133€185k€244k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€398k€382k▼
Amounts payable after more than one year17€278k€220k▼
Financial debts170/4€278k€220k▼
Amounts payable within one year42/48€120k€162k▲
Current portion of amounts payable after more than one year42€57k€57k▲
Trade debts44€15k€13k▼
Suppliers440/4€15k€13k▼
Taxes, remuneration and social security45€12k€30k▲
Taxes450/3€12k€30k▲
Other amounts payable47/48€36k€61k▲
Accrued charges and deferred income492/3€336€879▲
Income statement
Code20232024
Non-recurring operating income76A-€15k
Remuneration, social security and pensions62€11k€13k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€53k€62k▲
Other operating charges640/8€4k€5k▲
Gross operating margin9900€208k€208k▲
Operating profit (loss)9901€140k€128k▼
Financial charges65/66B€56k€46k▼
Recurring financial charges65€56k€46k▼
Profit (loss) for the period before taxes9903€84k€82k▼
Income taxes67/77€24k€24k▼
Profit (loss) for the period9904€60k€58k▼
Profit (loss) for the period to be appropriated9905€60k€58k▼
Appropriation of the result
Profit (loss) to be appropriated9906€60k€58k▼
Transfer from equity791/2€0-
Transfer to equity691/2€60k€58k▼
To other reserves6921€60k€58k▼
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €15k | - |
| Remuneration, social security and pensions62 | - | - | - | €11k | €13k | ▲ 25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27k | €45k | €47k | €53k | €62k | ▲ 17.2% |
| Other operating charges640/8 | - | €4k | €3k | €4k | €5k | ▲ 19.3% |
| Gross operating margin9900 | €78k | €84k | €160k | €208k | €208k | ▲ 0.2% |
| Operating profit (loss)9901 | €47k | €36k | €109k | €140k | €128k | ▼ 8.7% |
| Financial charges65/66B | - | €7k | €6k | €56k | €46k | ▼ 17.2% |
| Recurring financial charges65 | €6k | €7k | €6k | €56k | €46k | ▼ 17.2% |
| Profit (loss) for the period before taxes9903 | €41k | €29k | €103k | €84k | €82k | ▼ 3.0% |
| Income taxes67/77 | €181 | €4k | €30k | €24k | €24k | ▼ 0.8% |
| Profit (loss) for the period9904 | €41k | €25k | €73k | €60k | €58k | ▼ 3.9% |
| Profit (loss) for the period to be appropriated9905 | €41k | €25k | €73k | €60k | €58k | ▼ 3.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €415k | €514k | €496k | €597k | €639k | ▲ 7.0% |
| Fixed assets21/28 | €307k | €375k | €350k | €396k | €348k | ▼ 12.2% |
| Tangible fixed assets22/27 | €307k | €375k | €350k | €396k | €348k | ▼ 12.2% |
| Land and buildings22 | - | €252k | €245k | €227k | €209k | ▼ 8.1% |
| Plant, machinery and equipment23 | - | €120k | €101k | €97k | €76k | ▼ 21.9% |
| Furniture and vehicles24 | - | €2k | €297 | €60k | €47k | ▼ 21.6% |
| Other tangible fixed assets26 | - | €2k | €5k | €11k | €16k | ▲ 40.3% |
| Current assets29/58 | €108k | €139k | €146k | €201k | €291k | ▲ 44.8% |
| Stocks and contracts in progress3 | €11k | €8k | - | - | €38k | - |
| Contracts in progress37 | - | €8k | - | - | €38k | - |
| Amounts receivable within one year40/41 | €49k | €41k | €81k | €54k | €86k | ▲ 57.5% |
| Trade receivables40 | - | €41k | €75k | €49k | €85k | ▲ 74.3% |
| Other amounts receivable41 | - | - | €5k | €6k | €990 | ▼ 82.9% |
| Cash at bank and in hand54/58 | €45k | €89k | €61k | €141k | €137k | ▼ 2.8% |
| Deferred charges and accrued income490/1 | - | €2k | €4k | €6k | €31k | ▲ 435% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €415k | €514k | €496k | €597k | €639k | ▲ 7.0% |
| Equity10/15 | €70k | €96k | €139k | €199k | €257k | ▲ 29.1% |
| Contributions10/11 | - | €12k | €12k | €12k | €12k | = |
| Reserves13 | €71k | €83k | €126k | €186k | €244k | ▲ 31.0% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €0 | ▼ 100% |
| Distributable reserves133 | - | €81k | €124k | €185k | €244k | ▲ 32.4% |
| Profit (loss) carried forward14 | €-13k | - | - | €0 | - | - |
| Amounts payable17/49 | €345k | €419k | €358k | €398k | €382k | ▼ 4.0% |
| Amounts payable after more than one year17 | €252k | €307k | €262k | €278k | €220k | ▼ 21.0% |
| Financial debts170/4 | - | €307k | €262k | €278k | €220k | ▼ 21.0% |
| Amounts payable within one year42/48 | €93k | €112k | €95k | €120k | €162k | ▲ 34.8% |
| Current portion of amounts payable after more than one year42 | - | €44k | €44k | €57k | €57k | ▲ 0.3% |
| Trade debts44 | €14k | €11k | €19k | €15k | €13k | ▼ 12.3% |
| Suppliers440/4 | - | €11k | €19k | €15k | €13k | ▼ 12.3% |
| Taxes, remuneration and social security45 | - | €20k | €11k | €12k | €30k | ▲ 160% |
| Taxes450/3 | - | €20k | €11k | €12k | €30k | ▲ 160% |
| Other amounts payable47/48 | - | €37k | €21k | €36k | €61k | ▲ 68.2% |
| Accrued charges and deferred income492/3 | - | - | - | €336 | €879 | ▲ 162% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41k | €25k | €73k | €60k | €58k | ▼ 3.9% |
| + Depreciation and write-downs630 | €27k | €45k | €47k | €53k | €62k | ▲ 17.2% |
| Operating cash flow (approximation) | €68k | €70k | €121k | €113k | €120k | ▲ 6.0% |
| Investment in fixed assets (approximation) | - | €-113k | €-22k | €-99k | €-14k | ▲ 85.8% |
| Change in cash | - | €43k | €-27k | €80k | €-4k | ▼ 105% |
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
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200kEq €257k ▲29.1%
5 profitable years in a row build equity to €257k.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150kEq €199k ▲43.5%
4 profitable years in a row build equity to €199k.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €73k ▲190%
Net result €73k, the highest in the series.
31-12
Financial
Equity above €100kEq €139k ▲44.8%
3 profitable years in a row build equity to €139k.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €41k
Net result €41k after one loss-making year.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-54k
Net result drops to €-54k, the lowest in the series; recovery starts the following year.
Show earlier events
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Boortmeerbeek · 1 establishment unit since 2015
Ground area
1,126 m²
Building footprint
139 m²
Volume, LiDAR
648 m³
2 parcels, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
McSign
since 20152.237.390.518
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24039A0062/00H004 | Flanders | 585 m² | 1 · 139 m² | 7.5 m · 2 fl. |
| 12403D0225/00T002 | Flanders | 540 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 1,062 EUR awarded · 1,062 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,062 EUR | 1,062 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
1 live approvalPrint en Sign operator duaal (so)
Legal Entity Identifier
254900FRVWWPOP3US105
Similar companies · same sector, comparable size
AMADEUS
BE 0447.831.578
Brussel · Eq €256,109
Krak
BE 0771.779.807
Diepenbeek · Eq €257,356
ALL IN ONE
BE 0806.171.948
Overijse · Eq €257,713
BV AMINATA
BE 0867.345.393
Sint-Pieters-Woluwe · Eq €255,638
ACREAM
BE 0560.839.350
Evergem · Eq €257,966
Of 9,862 companies in sector 73110 we hold annual accounts for 3,753. 2,672 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
Founded09-12-2014
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
Scores and ratios are computed by Checked and are not a credit decision.