88MLB
ActiveSummary
88MLB has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.47M and a net result of €13k. Equity remains stable across the filed fiscal years (±0.3% per year). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability38=
Solvency80▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140k at 30 days acceptable
Liquidity ample (current ratio 2.25 against 2.26 in 2024; short-term debt: 44.4% and cash: 0% of total assets), and 44.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
55.5%
Return on assets
0.3%
Age of the figures
9 mo
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 06-07-2026, 25 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
25 d early
2024
41 d early
2023
36 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.47M▲ 0.5%
2024 · €2.45M
Total assets
€4.45M▲ 1.2%
2024 · €4.40M
Net result
€13k▲ 361%
2024 · €3k
Working capital
€2.48M▲ 0.8%
2024 · €2.46M
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€-80k-€6k€5k▼ 13.6%
Net result€-83k-€3k€13k▲ 361%
Equity€2.45M-€2.45M▲ 0.1%€2.47M▲ 0.5%
Total assets€4.39M-€4.40M▲ 0.3%€4.45M▲ 1.2%
Debt€1.94M-€1.94M▲ 0.5%€1.98M▲ 1.9%
Working capital€2.45M-€2.46M▲ 0.2%€2.48M▲ 0.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 14% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €4.45M
Equity
€2.47M ▲ 0.5%
Debt
€1.98M ▲ 1.9%
Debt's share of the balance-sheet total rises from 44.2% to 44.5%. Equity and debt are higher.
Key figures and ratios
Current ratio
2.25▼
2024 · 2.26
Quick ratio
0.98▲
2024 · 0.97
Debt to equity
0.80▲
2024 · 0.79
ROE
0.5%▲
2024 · 0.1%
ROA
0.3%▲
2024 · 0.1%
Debt ≤ 1 year
€1.98M▲
2024 · €1.94M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €6k | - | - | - |
| Other operating charges640/8 | €60k | €44k | €48k | ▲ 10.1% |
| Gross operating margin9900 | €-14k | €50k | €54k | ▲ 7.2% |
| Operating profit (loss)9901 | €-80k | €6k | €5k | ▼ 13.6% |
| Financial income75/76B | €59k | €102k | €85k | ▼ 17.1% |
| Recurring financial income75 | €59k | €102k | €85k | ▼ 17.1% |
| Financial charges65/66B | €62k | €105k | €77k | ▼ 27.2% |
| Recurring financial charges65 | €62k | €105k | €77k | ▼ 27.2% |
| Profit (loss) for the period before taxes9903 | €-83k | €3k | €13k | ▲ 361% |
| Profit (loss) for the period9904 | €-83k | €3k | €13k | ▲ 361% |
| Profit (loss) for the period to be appropriated9905 | €-83k | €3k | €13k | ▲ 361% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €4.39M | €4.40M | €4.45M | ▲ 1.2% |
| Current assets29/58 | €4.39M | €4.40M | €4.45M | ▲ 1.2% |
| Stocks and contracts in progress3 | €2.51M | €2.51M | €2.51M | = |
| Stocks30/36 | €2.51M | €2.51M | €2.51M | = |
| Amounts receivable within one year40/41 | €1.81M | €1.88M | €1.94M | ▲ 3.0% |
| Trade receivables40 | €15 | €532 | €0 | ▼ 100% |
| Other amounts receivable41 | €1.81M | €1.88M | €1.94M | ▲ 3.0% |
| Cash at bank and in hand54/58 | €66k | €5k | €323 | ▼ 93.9% |
| Deferred charges and accrued income490/1 | - | €752 | €790 | ▲ 5.1% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €4.39M | €4.40M | €4.45M | ▲ 1.2% |
| Equity10/15 | €2.45M | €2.45M | €2.47M | ▲ 0.5% |
| Contributions10/11 | €2.51M | €2.51M | €2.51M | = |
| Reserves13 | €26k | €26k | €26k | = |
| Non-distributable reserves130/1 | - | €26k | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | €26k | €0 | ▼ 100% |
| Distributable reserves133 | €26k | - | €26k | - |
| Profit (loss) carried forward14 | €-83k | €-81k | €-67k | ▲ 16.5% |
| Amounts payable17/49 | €1.94M | €1.94M | €1.98M | ▲ 1.9% |
| Amounts payable within one year42/48 | €1.94M | €1.94M | €1.98M | ▲ 1.6% |
| Financial debts43 | €1.92M | €1.93M | €1.92M | ▼ 0.4% |
| Credit institutions430/8 | €1.92M | €1.93M | €1.92M | ▼ 0.4% |
| Trade debts44 | - | €0 | €40k | - |
| Suppliers440/4 | - | €0 | €40k | - |
| Other amounts payable47/48 | €15k | €15k | €15k | = |
| Accrued charges and deferred income492/3 | - | €2k | €7k | ▲ 379% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-83k | €3k | €13k | ▲ 361% |
| Operating cash flow (approximation) | €-83k | €3k | €13k | ▲ 361% |
| Change in cash | - | €-61k | €-5k | ▲ 91.7% |
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
Next filing, fiscal year 2026, expected by
2026
15-09
State Gazette act
Reappointment: VRC Bedrijfsrevisoren BV (statutory auditor)Registered-office move · Power of attorney10 facts ▸
State Gazette act
Reappointment: VRC Bedrijfsrevisoren BV (statutory auditor)
Registered-office move · Power of attorney10 facts ▸
- General meeting, 05-06-2026
- Auditor reappointment, VRC Bedrijfsrevisoren BV (statutory auditor)
- General meeting, 15-07-2026
- Registered-office move, The Edge, 8790 Waregem, Textielstraat 34 bus 5
- Power of attorney, Nadine Crocaerts
- Power of attorney, Anton Baeten
- Power of attorney, Pamina Pattou
- Power of attorney, Timon Sohier
- Power of attorney, Julie Vandenweghe
- Power of attorney, Erin Verhaeghen
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2023net €13k ▲361%
Net result €13k, the highest in the series.
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Waregem · 1 establishment unit since 2017
Ground area
3.4 ha
Building footprint
1.0 ha
Volume, LiDAR
96,689 m³
2 parcels, Flanders · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
36
companies at this address
See who is registered here
1 establishment unit
88MLB
since 20172.263.911.902
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34006B0596/00C000 | Flanders | 1.7 ha | 1 · 1.0 ha | 12.2 m · 3 fl. |
| 34453F0322/00M000 | Flanders | 1.7 ha | - | - |
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.
Statutory auditor
1 auditor| VRC BEDRIJFSREVISOREN BVCurrent Statutory auditor · represented by Bart Roobrouck | 15-09-2026 → present |
Identification & contact
Identification
Legal formPrivate limited company
Founded18-04-2017
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.