Turnover
≈ €53,000 estimated
The micro format states no turnover.
MBCL
Lifetime
1 annual account with figurespeak €32,421 (2025)
€32,421
lowest -€102,055 (2025)
-€102,055
peak €897,945 (2025)
€897,945
€887,314
Board1 name since 2024
1 directorVANDERBEKE Steven Alice Marcel
Documentsfilings and deeds
15-12-2025136 days before the deadline
2025micro format
Loss of €102,055First year with figures
Key points
from the 2025 annual accountsPosition in the sector
-€102,055
Lower net result than 95% of companies in real estate. Sector median €5,997 · 17,176 companies.
Checked score
83
Excellent
Financially stronger than 48% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
02-2025: 1.1%
03-2025: 1.1%● unchanged vs 02-2025
04-2025: 1.2%▲ +0.1 percentage points vs 03-2025
05-2025: 1.2%● unchanged vs 04-2025
06-2025: 1.3%▲ +0.1 percentage points vs 05-2025
07-2025: 1.4%▲ +0.1 percentage points vs 06-2025
08-2025: 1.4%● unchanged vs 07-2025
09-2025: 1.5%▲ +0.1 percentage points vs 08-2025
10-2025: 1.5%● unchanged vs 09-2025
11-2025: 1.5%● unchanged vs 10-2025
12-2025: 1.6%▲ +0.1 percentage points vs 11-2025highest value
01-2026: 0.4%▼ -1.2 percentage points vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.4%● unchanged vs 07-2026
09-2026: 0.4%● unchanged vs 08-2026lowest value
10-2026: 0.4%● unchanged vs 09-2026
11-2026: 0.4%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
1 change of registered office in 24 months
Loss of €102,055 (financial year 2025)
lowers risk
Size: total assets €1.8m
Sector: Real estate activities (NACE 68)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 64% of them on solvency, 32% on liquidity and 49% on profitability.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 480 companies had the same profile as MBCL has now. Each dot is one company, two years later.
95.8%
were still trading
3.1%
stopped another way
0.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MBCL itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 480 companies, not a prediction for MBCL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €70,000 on 30-day terms, only on tighter conditions: young company (under 3 years) without a track record
Liquidity is insufficient, with a current ratio of 0.44, below 1. Short-term debt is 49.7% and cash 11% of total assets. 49.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Young company
Founded in 2024, 2 years ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 15-12-2025, 136 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
136 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1005208426
Registered office moved within Ghent
New registered office: Pantserschipstraat 159, 9000 Gent · Previous registered office: Pantserschipstraat 163 bus unit F2, 9000 Gent · Board meeting of 01-09-2024 · Gazette deed
Incorporation
Founder: VANDERBEKE Steven Alice Marcel (comparant) · 1,000,000 shares · Authorised capital up to €1,000,000 for 5 years · published on 29-01-2024 · Gazette deed
First establishment
Pantserschipstraat 159, Ghent
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MBCL Ghent | €1.8m | €32,421 | 50.3% | - |
| PLAN B Houthalen-Helchteren | €1.5m | €37,891 | 28.7% | - |
| DUMONT INSTRUMENTS IMMOBILIERE Braine-le-Château | €2.0m | €40,002 | 0.8% | - |
| EPPELST Ghent | €2.2m | €36,867 | -2.2% | - |
| Limmo Invest Theux | €1.6m | €25,148 | 8.5% | - |
| Apex Immo 2 Auderghem | €2.1m | €28,768 | 34.6% | - |
| ADITCO PROPERTIES Roeselare | €1.6m | €45,788 | -3.7% | 0 |
These companies have the same main activity as MBCL: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €1.5m and €2.2m, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 25-01-2024Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203and 2 others
- Establishment unit
- 2.354.939.1759000 Ghent, since 25-01-2024
- Financial year end
- 30 September
- Peppol
- Reachable since 06-02-2026
Annual accounts to 30-09-2025
- €1.8m
- Filing
- Filed on 15-12-2025, 136 days before the end of the filing period
Insights on MBCL
MBCL has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €897,945 and a net result of -€102,055.
Its solvency ranks better than 66% of 17,185 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MBCL
- What is the company number of MBCL?
- The company number of MBCL is 1005.208.426. The VAT number is the same number with BE in front: BE 1005.208.426.
- Where is MBCL based?
- The registered office is at Pantserschipstraat 159, 9000 Ghent.Company details
- What does MBCL do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of MBCL?
- MBCL is a private limited company (BV).
- When was MBCL founded?
- MBCL was founded on 25-01-2024.
- Is MBCL still active?
- Yes, MBCL is an active enterprise in the KBO register.
- What is the turnover of MBCL?
- The turnover in financial year 2025 is ≈ €53,000. This figure is estimated from the gross margin of €32,421 and 51 comparable companies (NACE 682). It probably lies between €39,000 and €77,000.Financials
- Is MBCL profitable?
- In financial year 2025, MBCL made a loss of €102,055.
- Where can I find the annual accounts of MBCL?
- MBCL filed 1 annual account with the National Bank of Belgium, for financial year 2025.
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