M.B.
ActiveSummary
M.B. has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €629,855 and a net result of €77,957. Equity is growing by ~9.6% per year across the filed fiscal years. Its solvency ranks better than 67% of 7930 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+5
Solvency83▼-6
Growth69▼-1
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 1.94 against 2.67 in 2024; short-term debt: 36.8% and cash: 3.7% of total assets), and 41.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
58.4%
Return on assets
7.2%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-09-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
9 d early
2023
61 d early
2022
47 d early
2021
66 d early
2020
58 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 43 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 14 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€1.4m▲ 3.0%
2024 · €1.4m
EBIT margin
7.7%▲ 2.6pp
2024 · 5.1%
Net result
€77,957▲ 89.9%
2024 · €41,045
Working capital
€374,319▼ 5.4%
2024 · €395,835
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€732,126▼ 26.8%€711,680▼ 2.8%€895,967▲ 25.9%€1.4m▲ 52.1%€1.4m▲ 3.0%
Operating result€35,857▼ 28.7%€10,452▼ 70.9%€97,844▲ 836%€69,106▼ 29.4%€107,741▲ 55.9%
Net result€20,103within the sector's middle half▼ 57.5%-€4,143below the sector's middle half€95,422within the sector's middle half€41,045within the sector's middle half▼ 57.0%€77,957within the sector's middle half▲ 89.9%
EBIT margin4.9%▼ 0.1pp1.5%▼ 3.4pp10.9%▲ 9.5pp5.1%▼ 5.9pp7.7%▲ 2.6pp
Equity€419,574within the sector's middle half▲ 5.0%€415,431within the sector's middle half▼ 1.0%€510,853within the sector's middle half▲ 23.0%€551,898within the sector's middle half▲ 8.0%€629,855within the sector's middle half▲ 14.1%
Total assets€593,568within the sector's middle half▼ 3.1%€616,037within the sector's middle half▲ 3.8%€811,097within the sector's middle half▲ 31.7%€863,623within the sector's middle half▲ 6.5%€1.1mwithin the sector's middle half▲ 25.0%
Debt€173,994▼ 18.3%€200,606▲ 15.3%€300,244▲ 49.7%€311,725▲ 3.8%€449,455▲ 44.2%
Working capital€386,867within the sector's middle half▲ 22.1%€334,117within the sector's middle half▼ 13.6%€231,034within the sector's middle half▼ 30.9%€395,835within the sector's middle half▲ 71.3%€374,319within the sector's middle half▼ 5.4%
Solvency70.7%above the sector's middle half▲ 5.5pp67.4%above the sector's middle half▼ 3.3pp63.0%above the sector's middle half▼ 4.5pp63.9%within the sector's middle half▲ 0.9pp58.4%within the sector's middle half▼ 5.5pp
Current ratio4.04above the sector's middle half▲ 1.532.87above the sector's middle half▼ 1.171.79within the sector's middle half▼ 1.082.67within the sector's middle half▲ 0.871.94within the sector's middle half▼ 0.72
Return on assets (ROA)3.4%within the sector's middle half▼ 4.3pp-0.7%below the sector's middle half▼ 4.1pp11.8%within the sector's middle half▲ 12.4pp4.8%within the sector's middle half▼ 7.0pp7.2%within the sector's middle half▲ 2.5pp
Staff (FTE)5.6within the sector's middle half▲ 1.8%5.8within the sector's middle half▲ 3.6%5.2within the sector's middle half▼ 10.3%4.6within the sector's middle half▼ 11.5%4.6within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 56% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€307,847 ▲ 33.8%
Current assets
€771,463 ▲ 21.8%
Equity and liabilities €1.1m
Equity
€629,855 ▲ 14.1%
Debt
€449,455 ▲ 44.2%
Debt's share of the balance-sheet total rises from 36.1% to 41.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€182,018▲
2024 · €145,926
Cash flow
€152,234▲
2024 · €117,865
Quick ratio
1.14▼
2024 · 1.29
Debt to equity
0.71▲
2024 · 0.56
ROE
12.4%▲
2024 · 7.4%
Interest coverage
31.56▲
2024 · 18.04
Debt ≤ 1 year
€397,144▲
2024 · €237,714
Debt > 1 year
€51,471▼
2024 · €74,011
Income taxes
€26,268▲
2024 · €20,169
Staff costs
€307,441▲
2024 · €296,595
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,349 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €732,126 | €711,680 | €895,967 | €1.4m | €1.4m | ▲ 3.0% |
| Non-recurring operating income76A | - | €16,577 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €420,050 | €448,028 | €962,291 | €960,361 | ▼ 0.2% |
| Remuneration, social security and pensions62 | - | €297,274 | €302,256 | €296,595 | €307,441 | ▲ 3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €58,005 | €44,819 | €44,530 | €76,820 | €74,277 | ▼ 3.3% |
| Other operating charges640/8 | - | €520 | €548 | €716 | €736 | ▲ 2.8% |
| Gross operating margin9900 | €387,808 | €353,065 | €445,178 | €443,237 | €490,195 | ▲ 10.6% |
| Operating profit (loss)9901 | €35,857 | €10,452 | €97,844 | €69,106 | €107,741 | ▲ 55.9% |
| Financial income75/76B | - | €2,377 | €1,165 | €199 | €2,252 | ▲ 1,032% |
| Recurring financial income75 | €1,586 | €2,377 | €1,165 | €199 | €2,252 | ▲ 1,032% |
| Financial charges65/66B | - | €7,618 | €925 | €8,091 | €5,768 | ▼ 28.7% |
| Recurring financial charges65 | €5,729 | €7,618 | €925 | €8,091 | €5,768 | ▼ 28.7% |
| Profit (loss) for the period before taxes9903 | €31,714 | €5,211 | €98,084 | €61,214 | €104,225 | ▲ 70.3% |
| Income taxes67/77 | €11,611 | €9,354 | €2,662 | €20,169 | €26,268 | ▲ 30.2% |
| Profit (loss) for the period9904 | €20,103 | -€4,143 | €95,422 | €41,045 | €77,957 | ▲ 89.9% |
| Profit (loss) for the period to be appropriated9905 | €20,103 | -€4,143 | €95,422 | €41,045 | €77,957 | ▲ 89.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €593,568 | €616,037 | €811,097 | €863,623 | €1.1m | ▲ 25.0% |
| Fixed assets21/28 | €79,241 | €103,264 | €287,919 | €230,074 | €307,847 | ▲ 33.8% |
| Tangible fixed assets22/27 | €79,241 | €103,264 | €287,919 | €230,074 | €307,847 | ▲ 33.8% |
| Plant, machinery and equipment23 | - | €35,317 | €237,434 | €196,234 | €290,651 | ▲ 48.1% |
| Furniture and vehicles24 | - | €67,947 | €50,485 | €33,840 | €17,196 | ▼ 49.2% |
| Current assets29/58 | €514,327 | €512,773 | €523,178 | €633,549 | €771,463 | ▲ 21.8% |
| Stocks and contracts in progress3 | €213,215 | €294,698 | €336,619 | €327,444 | €319,542 | ▼ 2.4% |
| Stocks30/36 | - | €259,698 | €336,619 | €307,444 | €299,542 | ▼ 2.6% |
| Contracts in progress37 | - | €35,000 | - | €20,000 | €20,000 | = |
| Amounts receivable within one year40/41 | €245,751 | €142,113 | €162,907 | €162,128 | €411,877 | ▲ 154% |
| Trade receivables40 | - | €142,113 | €162,907 | €162,128 | €348,753 | ▲ 115% |
| Other amounts receivable41 | - | - | - | - | €63,124 | - |
| Current investments50/53 | - | €30,325 | - | - | - | - |
| Cash at bank and in hand54/58 | €25,361 | €45,637 | €23,652 | €143,977 | €40,044 | ▼ 72.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €593,568 | €616,037 | €811,097 | €863,623 | €1.1m | ▲ 25.0% |
| Equity10/15 | €419,574 | €415,431 | €510,853 | €551,898 | €629,855 | ▲ 14.1% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Capital10 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Issued capital100 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €319,574 | €315,431 | €410,853 | €451,500 | €529,500 | ▲ 17.3% |
| Non-distributable reserves130/1 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Legal reserve130 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Distributable reserves133 | - | €305,431 | €400,853 | €441,500 | €519,500 | ▲ 17.7% |
| Profit (loss) carried forward14 | - | - | - | €398 | €355 | ▼ 10.8% |
| Amounts payable17/49 | €173,994 | €200,606 | €300,244 | €311,725 | €449,455 | ▲ 44.2% |
| Amounts payable after more than one year17 | €18,087 | €21,950 | €8,100 | €74,011 | €51,471 | ▼ 30.5% |
| Financial debts170/4 | - | €21,950 | €8,100 | €74,011 | €51,471 | ▼ 30.5% |
| Amounts payable within one year42/48 | €127,460 | €178,656 | €292,144 | €237,714 | €397,144 | ▲ 67.1% |
| Current portion of amounts payable after more than one year42 | - | €22,459 | €13,851 | €23,674 | €22,541 | ▼ 4.8% |
| Trade debts44 | €79,905 | €101,437 | €196,118 | €84,214 | €267,756 | ▲ 218% |
| Suppliers440/4 | - | €101,437 | €196,118 | €84,214 | €267,756 | ▲ 218% |
| Taxes, remuneration and social security45 | - | €38,722 | €31,724 | €54,064 | €46,987 | ▼ 13.1% |
| Taxes450/3 | - | €17,681 | €12,973 | €33,112 | €20,457 | ▼ 38.2% |
| Remuneration and social security454/9 | - | €21,041 | €18,751 | €20,952 | €26,530 | ▲ 26.6% |
| Other amounts payable47/48 | - | €16,038 | €50,451 | €75,762 | €59,860 | ▼ 21.0% |
| Accrued charges and deferred income492/3 | - | - | - | - | €840 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,103 | -€4,143 | €95,422 | €41,045 | €77,957 | ▲ 89.9% |
| + Depreciation and write-downs630 | €58,005 | €44,819 | €44,530 | €76,820 | €74,277 | ▼ 3.3% |
| Operating cash flow (approximation) | €78,108 | €40,676 | €139,952 | €117,865 | €152,234 | ▲ 29.2% |
| Investment in fixed assets (approximation) | - | -€68,842 | -€229,185 | -€18,975 | -€152,050 | ▼ 701% |
| Change in cash | - | €20,276 | -€21,985 | €120,325 | -€103,933 | ▼ 186% |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
22-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Back to profitnet €95,422
Net result €95,422 after one loss-making year.
31-03
Financial
Equity above €500,000Eq €510,853 ▲23%
Equity rises from €415,431 to €510,853.
2022
14-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Weakest financial yearnet -€4,143
Net result drops to -€4,143, the lowest in the series; recovery starts the following year.
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
03-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
31-03
Financial
Back to profitnet €47,328
Net result €47,328 after one loss-making year.
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
09-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
23-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 1996
Ground area
2,018 m²
Building footprint
1,246 m²
Volume, LiDAR
6,795 m³
Parcel 46013C0353/00F004, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
M.B.
since 19962.074.658.269
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46013C0353/00F004 | Flanders | 2,018 m² | 1 · 1,246 m² | 10.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
1 categoryM.B. NV23752
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Of 20,026 companies in sector 43320 we hold annual accounts for 9,139. 5,455 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded28-12-1995
Fiscal year end31-03
Activities, NACEBEL 2025
43320Joinery installation
43221Plumbing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0456754291
Also
9925:BE0456754291
Registered
30-01-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.