M & B
ActiveM & B has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-119k) and a net result of €8k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 27319 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
23
/ 100
Critical▼ -18 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency45=
Growth58=
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.02 against 1.02 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Six 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
Sector 43
higher
← 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 27319 sector peers (2025).
NBB · sector comparisonPosition among 27319 sector peers
Solvency
better than 7%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
34 d early
2023
28 d late
2022
31 d late
2021
3 d early
2020
31 d early
2019
31 d late
← before the deadline
after the deadline →
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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-119k▲ 6.1%
2024 · €-127k
2018: €-52k
2019: €2k
2020: €-2k
2021: €47k
2022: €-206k
2023: €-207k
2024: €-127k
2018 → 2025
Total assets
€815k▲ 158%
2024 · €316k
2018: €427k
2019: €218k
2020: €134k
2021: €1.12M
2022: €993k
2023: €1.11M
2024: €316k
2018 → 2025
Net result
€8k▼ 90.3%
2024 · €80k
2018: €-101k
2019: €54k
2020: €-4k
2021: €49k
2022: €-254k
2023: €-763
2024: €80k
2018 → 2025
Working capital
€14k▲ 157%
2024 · €5k
2018: €-72k
2019: €-10k
2020: €-14k
2021: €141k
2022: €-216k
2023: €-215k
2024: €5k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€47k-€-206k€-207k▼ 0.4%€-127k▲ 38.7%€-119k▲ 6.1%
Operating result€66k-€-253k€-582▲ 99.8%€80k€21k▼ 74.3%
Net result€49k-€-254k€-763▲ 99.7%€80k€8k▼ 90.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 74% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €815k
Fixed assets
€7k▼ 9.1%
Current assets
€808k▲ 162%
Key figures and ratios
EBITDA
€21k▼
2024 · €81k
Cash flow
€8k▼
2024 · €81k
Solvency
-14.6%▲
2024 · -40.2%
Current ratio
1.02=
2024 · 1.02
Quick ratio
0.63▼
2024 · 1.00
Debt / equity
-7.84▼
2024 · -3.49
ROE
-6.5%▲
2024 · -63.1%
ROA
1.0%▼
2024 · 25.4%
Interest coverage
1.66▼
2024 · 32.50
Debt
€935k▲
2024 · €443k
Debt ≤ 1 year
€795k▲
2024 · €303k
Debt > 1 year
€140k=
2024 · €140k
Staff costs
€50k▼
2024 · €51k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€316k€815k▲
Fixed assets21/28€8k€7k▼
Tangible fixed assets22/27€1k€693▼
Furniture and vehicles24€1k€693▼
Financial fixed assets28€6k€6k=
Current assets29/58€308k€808k▲
Amounts receivable after more than one year29-€50k
Other amounts receivable291-€50k
Stocks and contracts in progress3€5k€308k▲
Contracts in progress37€5k€308k▲
Amounts receivable within one year40/41€296k€442k▲
Trade receivables40€295k€435k▲
Other amounts receivable41€1k€6k▲
Cash at bank and in hand54/58€8k€9k▲
Deferred charges and accrued income490/1-€174
Equity and liabilities
Total equity and liabilities10/49€316k€815k▲
Equity10/15€-127k€-119k▲
Contributions10/11€19k€19k=
Reserves13€100k€100k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€98k€98k=
Profit (loss) carried forward14€-246k€-238k▲
Amounts payable17/49€443k€935k▲
Amounts payable after more than one year17€140k€140k=
Other amounts payable178/9€140k€140k=
Amounts payable within one year42/48€303k€795k▲
Financial debts43-€403k
Credit institutions430/8-€403k
Trade debts44€73k€162k▲
Suppliers440/4€73k€162k▲
Taxes, remuneration and social security45€10k€21k▲
Taxes450/3€2k€2k▼
Remuneration and social security454/9€8k€19k▲
Other amounts payable47/48€220k€209k▼
Income statement
Code20242025
Non-recurring operating income76A€24k-
Remuneration, social security and pensions62€51k€50k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€693€693=
Other operating charges640/8€7k€1k▼
Non-recurring operating charges66A€54k-
Gross operating margin9900€193k€73k▼
Operating profit (loss)9901€80k€21k▼
Financial income75/76B€3k€36▼
Recurring financial income75€3k€36▼
Financial charges65/66B€2k€13k▲
Recurring financial charges65€2k€13k▲
Profit (loss) for the period before taxes9903€80k€8k▼
Profit (loss) for the period9904€80k€8k▼
Profit (loss) for the period to be appropriated9905€80k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-246k€-238k▲
Profit (loss) brought forward from the previous period14P€-326k€-246k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €80k
Net result €80k after 2 loss-making years.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-254k ▼615%
Net result drops to €-254k, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €49k
Net result €49k after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Back to profitnet €54k
Net result €54k after one loss-making year.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Aalst · 1 establishment unit since 1997
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Beekveldstraat 749300 AalstGround area
244 m²
Building footprint
124 m²
Volume, LiDAR
320 m³
Parcel 41002B0207/00G008, Flanders · tallest building 11.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
M&B
since 19972.080.903.287
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41002B0207/00G008 | Flanders | 244 m² | 1 · 124 m² | 11.5 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
JG AUTOMATISATIE
BE 0785.377.425
Halen · Eq €47k
ROCCA GROUP
BE 0738.812.970
Genk · Eq €47k
BS Electro
BE 0836.146.829
Zottegem · Eq €48k
AAPC
BE 0892.329.328
Zoersel · Eq €47k
HOBIN-BOLS
BE 0790.189.417
Lille · Eq €47k
Of 4,058 companies in sector 43240 we hold annual accounts for 1,615. 1,309 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-03-1997
Fiscal year end31-12
Activities, NACEBEL
43240Other construction installation
43299Specialised construction activities
45310
68310Real estate agency activities
68311Real estate activities
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.