Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 45 % of short-term debt in 2024; threshold 65 %.
-
Busy address KBO
31 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
MC-SQUARE Belgium from Machelen (Brab.), company number BE0468341041, closed financial year 2024 with a result of € 53,177 after tax. For that financial year MC-SQUARE Belgium recorded a gross margin of € 1.2 million and equity of € -1.5 million. Compared with financial year 2023, the result moved from € 237,287 to € 53,177. The company is profitable. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 30, 2025.
€ -1.5 million
▲ € 53,177 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 53,177
▼ 78% vs 2023
Profit after tax over the fiscal year.
€ 98,594
▼ 35% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € -1.5 million.
People and assets in 2024
3.9
▲ 0.5 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 184,146
▲ 16% vs 2023
€ 47,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1.8 million
▼ 24% vs 2023
Of which on lease € 1.6 million.
Debts at end 2024
€ 3.6 million
▼ 18% vs 2023
€ 631,008 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 1.1 million
▼ 21% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 171,327
▼ 41% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 893,110 | € 1,063,772 | € 1,323,236 | € 1,222,755 | ▼ 8% |
| Profit after taxes | € -193,812 | € 44,160 | € 237,287 | € 53,177 | ▼ 78% |
| Equity | € -1,844,363 | € -1,800,203 | € -1,562,916 | € -1,509,739 | ▲ € 53,177 |
| Total debts | € 7,419,733 | € 6,980,691 | € 6,554,573 | € 5,519,646 | ▼ 16% |
| Cash | € 29,265 | € 89,469 | € 150,767 | € 98,594 | ▼ 35% |
| Retained profit | € -1,862,955 | € -1,818,795 | € -1,581,508 | € -1,528,331 | ▲ € 53,177 |
| Bank debt | € 6,317,262 | € 5,116,492 | € 4,325,873 | € 3,562,540 | ▼ 18% |
| Balance sheet total | € 5,575,369 | € 5,180,487 | € 4,991,657 | € 4,009,907 | ▼ 20% |
| Employees (FTE) | 4.6 | 3.3 | 3.4 | 3.9 | ▲ 0.5 |
Key figures of MC-SQUARE Belgium, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to MC-SQUARE Belgium?
What happened at MC-SQUARE Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 53,177 (▼ 78% vs 2023). filed late Source: NBB ↗
- New establishment in Leuven. KBO
- New establishment in Mechelen. KBO
- New establishment in Machelen (Brab.). KBO
- Start of the company according to the CBE. KBO
In short
From € 193,812 loss in 2021 to € 53,177 profit in 2024.
Paid € 149 in corporate taxes since 2021.
Best year ever: 2023, with € 237,287 profit.
On average € 313,500 of value added per employee in 2024.
Management
Behind MC-SQUARE Belgium is Dico Holding BV. It owns 50% of Linden & Stevens itself.
Directors
According to the 2024 annual accounts
Director · represented by Richard VAN DER LINDEN
Establishments
Establishment units
Physical locations of this company
Leonardo da Vincilaan 19
1831 Machelen (Brab.)
Philipssite 5B
3001 Leuven
Active since 1 January 2019
Schaliënhoevedreef 20T
2800 Mechelen
Active since 1 January 2019
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 31 companies are registered at this address.
All companies at this address →CHEVRON PHILLIPS CHEMICALS INTERNATIONAL
€ 1.5 billion revenue · 2025
CGI Belgium
€ 24.4 million revenue · 2025
STRYKER
€ 61.1 million revenue · 2025
TARGUS
€ 206,352 gross margin · 2025
ARCADIUS
€ 32,203 gross margin · 2025
+26 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0468.341.041
- VAT number
- BE 0468.341.041
- Registered office
- Leonardo da Vincilaan 19, 1831 Machelen (Brab.)
- Names & denominations
- MC-SQUARE Belgium · MC-SQUARE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 December 1999
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Overige zakelijke dienstverlening, neg
Bedrijvencentra
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Verhuur van niet-residentiële gebouwen
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Verhuur en lease van kantoormachines, inclusief computers
Verhuur van kantoormachines en computers
Secretariaten
+1