M.B.A.
ActiveSummary
M.B.A. has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €580,284 and a net result of €107,029. Equity is growing by ~20.7% per year across the filed fiscal years. Its solvency ranks better than 81% of 1224 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+2
Solvency96▼-3
Growth74▲+16
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 4.73 against 3.82 in 2024; short-term debt: 20.6% and cash: 28.5% of total assets), and 29% of the assets are financed with debt.
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Signals
Four 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 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
71%
Return on assets
13.1%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-08-2026, 5 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
5 d late
2024
11 d late
2023
14 d early
2022
on the day
2021
39 d early
2020
45 d early
2019
21 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 15 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.
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. Usually files around 31 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€1.1m▲ 66.2%
2021 · €676,333
EBIT margin
4.4%▼ 8.3pp
2021 · 12.7%
Net result
€107,029▲ 52.7%
2024 · €70,093
Working capital
€628,197▲ 39.9%
2024 · €449,050
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape 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€676,333▲ 31.3%€1.1m▲ 66.2%
Operating result€85,777▲ 423%€49,803▼ 41.9%€148,243▲ 198%€137,842▼ 7.0%€195,658▲ 41.9%
Net result€76,403within the sector's middle half€39,693within the sector's middle half▼ 48.0%€102,806within the sector's middle half▲ 159%€70,093above the sector's middle half▼ 31.8%€107,029above the sector's middle half▲ 52.7%
EBIT margin12.7%▲ 9.5pp4.4%▼ 8.3pp
Equity€260,662within the sector's middle half▲ 41.5%€300,355within the sector's middle half▲ 15.2%€403,162within the sector's middle half▲ 34.2%€473,255above the sector's middle half▲ 17.4%€580,284within the sector's middle half▲ 22.6%
Total assets€356,243within the sector's middle half▲ 72.4%€386,900within the sector's middle half▲ 8.6%€527,209within the sector's middle half▲ 36.3%€637,083above the sector's middle half▲ 20.8%€817,644within the sector's middle half▲ 28.3%
Debt€95,581▲ 327%€86,544▼ 9.5%€124,047▲ 43.3%€163,828▲ 32.1%€173,024▲ 5.6%
Working capital€234,729within the sector's middle half▲ 47.8%€262,081within the sector's middle half▲ 11.7%€369,102within the sector's middle half▲ 40.8%€449,050above the sector's middle half▲ 21.7%€628,197above the sector's middle half▲ 39.9%
Solvency73.2%above the sector's middle half▼ 16.0pp77.6%above the sector's middle half▲ 4.5pp76.5%above the sector's middle half▼ 1.2pp74.3%above the sector's middle half▼ 2.2pp71.0%above the sector's middle half▼ 3.3pp
Current ratio3.46above the sector's middle half▼ 4.644.03above the sector's middle half▲ 0.573.98above the sector's middle half▼ 0.053.82above the sector's middle half▼ 0.164.73above the sector's middle half▲ 0.91
Return on assets (ROA)21.4%above the sector's middle half▲ 22.5pp10.3%within the sector's middle half▼ 11.2pp19.5%above the sector's middle half▲ 9.2pp11.0%within the sector's middle half▼ 8.5pp13.1%above the sector's middle half▲ 2.1pp
Staff (FTE)4.2within the sector's middle half▲ 10.5%4.2within the sector's middle half=3.83.8within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 42% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €817,644
Fixed assets
€20,923 ▼ 27.1%
Current assets
€796,721 ▲ 31.0%
Equity and liabilities €817,644
Equity
€580,284 ▲ 22.6%
Provisions
€64,336
Debt
€173,024 ▲ 5.6%
Debt's share of the balance-sheet total falls from 25.7% to 21.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€203,440▲
2024 · €152,975
Cash flow
€114,811▲
2024 · €85,226
Debt to equity
0.30▼
2024 · 0.35
ROE
18.4%▲
2024 · 14.8%
Interest coverage
521.17▲
2024 · 365.33
Debt ≤ 1 year
€168,524▲
2024 · €159,328
Debt > 1 year
€4,500=
2024 · €4,500
Income taxes
€93,779▲
2024 · €67,035
Staff costs
€217,639▲
2024 · €106,195
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 34,696 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 | €676,333 | €1.1m | - | - | - | - |
| Non-recurring operating income76A | €165 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €436,669 | €830,419 | €1.0m | €1.1m | - | - |
| Remuneration, social security and pensions62 | €136,999 | €158,909 | €146,423 | €106,195 | €217,639 | ▲ 105% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,846 | €12,933 | €14,462 | €15,133 | €7,782 | ▼ 48.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €49,049 | -€49,049 | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €64,336 | - |
| Other operating charges640/8 | €9,207 | €22,672 | €12,234 | €10,816 | €9,150 | ▼ 15.4% |
| Gross operating margin9900 | €239,829 | €293,366 | €272,312 | €269,986 | €494,565 | ▲ 83.2% |
| Operating profit (loss)9901 | €85,777 | €49,803 | €148,243 | €137,842 | €195,658 | ▲ 41.9% |
| Financial income75/76B | €0 | - | €3 | €0 | €5,540 | ▲ 2,769,925% |
| Recurring financial income75 | €0 | - | €3 | €0 | €3,270 | ▲ 1,634,700% |
| Non-recurring financial income76B | - | - | - | - | €2,270 | - |
| Financial charges65/66B | €165 | €99 | €474 | €714 | €390 | ▼ 45.3% |
| Recurring financial charges65 | €96 | €99 | €160 | €419 | €390 | ▼ 6.8% |
| Non-recurring financial charges66B | €69 | - | €314 | €295 | - | - |
| Profit (loss) for the period before taxes9903 | €85,612 | €49,704 | €147,772 | €137,128 | €200,808 | ▲ 46.4% |
| Income taxes67/77 | €9,209 | €10,011 | €44,966 | €67,035 | €93,779 | ▲ 39.9% |
| Profit (loss) for the period9904 | €76,403 | €39,693 | €102,806 | €70,093 | €107,029 | ▲ 52.7% |
| Profit (loss) for the period to be appropriated9905 | €76,403 | €39,693 | €102,806 | €70,093 | €107,029 | ▲ 52.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €356,243 | €386,900 | €527,209 | €637,083 | €817,644 | ▲ 28.3% |
| Fixed assets21/28 | €25,933 | €38,275 | €34,063 | €28,705 | €20,923 | ▼ 27.1% |
| Tangible fixed assets22/27 | €24,433 | €32,275 | €28,063 | €14,920 | €7,138 | ▼ 52.2% |
| Plant, machinery and equipment23 | - | €11,066 | €11,235 | €6,823 | €3,971 | ▼ 41.8% |
| Furniture and vehicles24 | €7,147 | €5,573 | €7,954 | €5,985 | €2,055 | ▼ 65.7% |
| Other tangible fixed assets26 | €17,286 | €15,636 | €8,874 | €2,112 | €1,112 | ▼ 47.3% |
| Financial fixed assets28 | €1,500 | €6,000 | €6,000 | €13,785 | €13,785 | = |
| Current assets29/58 | €330,310 | €348,625 | €493,146 | €608,378 | €796,721 | ▲ 31.0% |
| Amounts receivable within one year40/41 | €199,308 | €217,210 | €331,332 | €347,853 | €561,883 | ▲ 61.5% |
| Trade receivables40 | €180,504 | €184,081 | €239,698 | €163,671 | €301,770 | ▲ 84.4% |
| Other amounts receivable41 | €18,804 | €33,129 | €91,634 | €184,182 | €260,114 | ▲ 41.2% |
| Cash at bank and in hand54/58 | €126,003 | €106,415 | €136,094 | €258,287 | €232,870 | ▼ 9.8% |
| Deferred charges and accrued income490/1 | €5,000 | €25,000 | €25,720 | €2,238 | €1,968 | ▼ 12.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €356,243 | €386,900 | €527,209 | €637,083 | €817,644 | ▲ 28.3% |
| Equity10/15 | €260,662 | €300,355 | €403,162 | €473,255 | €580,284 | ▲ 22.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €244,151 | €283,844 | €283,844 | €283,844 | €283,844 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €242,291 | €281,984 | €281,984 | €281,984 | €281,984 | = |
| Profit (loss) carried forward14 | -€2,089 | -€2,089 | €100,717 | €170,810 | €277,839 | ▲ 62.7% |
| Provisions and deferred taxes16 | - | - | - | - | €64,336 | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €64,336 | - |
| Other liabilities and charges164/5 | - | - | - | - | €64,336 | - |
| Amounts payable17/49 | €95,581 | €86,544 | €124,047 | €163,828 | €173,024 | ▲ 5.6% |
| Amounts payable after more than one year17 | - | - | - | €4,500 | €4,500 | = |
| Other amounts payable178/9 | - | - | - | €4,500 | €4,500 | = |
| Amounts payable within one year42/48 | €95,581 | €86,544 | €124,044 | €159,328 | €168,524 | ▲ 5.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €12,883 | - |
| Trade debts44 | €33,011 | €86,544 | €124,044 | €159,328 | €155,641 | ▼ 2.3% |
| Suppliers440/4 | €33,011 | €86,544 | €124,044 | €159,328 | €155,641 | ▼ 2.3% |
| Advances received on contracts in progress46 | €55,490 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €7,080 | - | - | - | - | - |
| Remuneration and social security454/9 | €7,080 | - | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €3 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €76,403 | €39,693 | €102,806 | €70,093 | €107,029 | ▲ 52.7% |
| + Depreciation and write-downs630 | €7,846 | €12,933 | €14,462 | €15,133 | €7,782 | ▼ 48.6% |
| Operating cash flow (approximation) | €84,250 | €52,626 | €117,268 | €85,226 | €114,811 | ▲ 34.7% |
| Investment in fixed assets (approximation) | - | -€25,275 | -€10,250 | -€9,775 | €0 | ▲ 100% |
| Change in cash | - | -€19,587 | €29,678 | €122,193 | -€25,417 | ▼ 121% |
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
05-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 5 days late
2025
31-12
Financial
Highest result since 2018net €107,029 ▲52.7%
Operating result €195,658, net result €107,029, both a record.
31-12
Financial
Equity above €500,000Eq €580,284 ▲22.6%
5 profitable years in a row build equity to €580,284.
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €76,403
Net result €76,403 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €260,662 ▲41.5%
Equity rises from €184,259 to €260,662.
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€2,089
Net result drops to -€2,089, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 8.09
Current ratio from 3.20 to 8.09; short-term debt falls from €83,138 to €22,395.
Show earlier events
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Aartselaar · 1 establishment unit since 2011
Ground area
463 m²
Building footprint
4,630 m²
Volume, LiDAR
31,038 m³
Parcel 11372D0076/00D002, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Oeyvaersbosch 9, 2630 Aartselaar
since 20112.204.090.913
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11372D0076/00D002 | Flanders | 463 m² | 1 · 4,630 m² | 8.0 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
Dual-learning approval
2 live approvals · 1 endedPolyvalent administratief ondersteuner (vwo)
Polyvalent administratief ondersteuner duaal (so)
Show 1 ended approval
Administratief medewerker (so)
Legal Entity Identifier
984500F8480CT9D46732
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Of 7,368 companies in sector 81210 we hold annual accounts for 2,742. 1,252 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-10-2011
Fiscal year end31-12
Activities, NACEBEL 2025
81210General cleaning of buildings
81220Other building cleaning and industrial cleaning
25210Manufacture of fabricated metal products, except machinery and equipment
42110Construction of roads and motorways
42220Construction of utility projects for electricity and telecommunications
43120Site preparation
43130Specialised construction activities
43211General electrical installation work
81230Other cleaning activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0840369792
Also
9925:BE0840369792
Registered
19-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.