Financials
Financial year 2025
MCO TELECOM from Ukkel, company number BE0500514159, closed financial year 2025 with a result of € 808,538 after tax. For that financial year MCO TELECOM recorded a gross margin of € 2.5 million and equity of € 629,669. Compared with financial year 2024, the result moved from € 171,063 to € 808,538. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on December 1, 2025.
€ 629,669
▲ 79% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 808,538
▲ € 637,475 vs 2024
Profit after tax over the fiscal year.
€ 979,658
▲ € 939,930 vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 530,000 paid out
66 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
17.6
▲ 1.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.2 million
▲ 13% vs 2024
€ 71,000 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.
€ 78,193
▼ 39% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 144,962
▲ 30% vs 2024
€ 122,007 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 1.5 million
▲ 10% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 430,872
▲ € 418,277 vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 309,077 | € 776,288 | € 1,474,435 | € 2,475,691 | ▲ 68% |
| Profit after taxes | € 26,370 | € 32,026 | € 171,063 | € 808,538 | ▲ € 637,475 |
| Equity | € 148,042 | € 180,068 | € 351,131 | € 629,669 | ▲ 79% |
| Total debts | € 442,703 | € 726,744 | € 1,443,831 | € 2,379,574 | ▲ 65% |
| Cash | € 262,422 | € 103,826 | € 39,728 | € 979,658 | ▲ € 939,930 |
| Retained profit | € 141,842 | € 173,868 | € 344,931 | € 623,469 | ▲ 81% |
| Dividend | € 0 | € 0 | € 0 | € 530,000 | |
| Bank debt | € 13,337 | € 5,680 | € 111,538 | € 144,962 | ▲ 30% |
| Balance sheet total | € 590,746 | € 906,812 | € 1,794,963 | € 3,009,243 | ▲ 68% |
| Employees (FTE) | - | 12.3 | 16.3 | 17.6 | ▲ 1.3 |
By gross margin, MCO TELECOM ranks 1st of 45 companies with main activity “Algemene elektrotechnische installatiewerken” in Ukkel that publish figures (fiscal year 2025).
Key figures of MCO TELECOM, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 November 2026.
Ask about MCO TELECOM the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
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What happened to MCO TELECOM?
What happened at MCO TELECOM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 808,538 (▲ € 637,475 vs 2024). filed late Source: NBB ↗
- New establishment in Machelen (Brab.). KBO
- New establishment in Asse. KBO
- Incorporation, published in the Gazette. Source: Staatsblad ↗
In short
From € 26,370 profit in 2022 to € 808,538 profit in 2025.
Paid € 404,716 in corporate taxes since 2022.
Best year ever: 2025, with € 808,538 profit.
On average € 140,700 of value added per employee in 2025.
Management
Behind MCO TELECOM are Mihai Lascau and Cosmin Ograzeanu. The shares are held by Mihai Lascau and Cosmin Ograzeanu.
Directors
According to the 2025 annual accounts
Mihai Lascau
Director
Is a shareholder
Cosmin Ograzeanu
Director
Is a shareholder
Shareholders
Mihai Lascau · director
Cosmin Ograzeanu · director
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Forelweg 64
1180 Ukkel
Poverstraat 158
1731 Asse
Active since 1 November 2016
Kouterveldstraat 12
1831 Machelen (Brab.)
Active since 1 June 2022
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
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Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- LASCAU Mihai(oprichter) 50%
- OGRAZEANU Cosmin Marius(oprichter) 50%
Details
- Company number
- 0500.514.159
- VAT number
- BE 0500.514.159
- Registered office
- Forelweg 64, 1180 Ukkel
- Names & denominations
- MCO TELECOM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 31 October 2012
- Peppol
- Active · Active since 25 Jan 2026
- Activities · NACE
Algemene elektrotechnische installatiewerken
Algemene bouw van residentiële gebouwen
Algemene reiniging van gebouwen