M.B.E.
ActiveM.B.E. has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €154k and a net result of €-21k. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 73% of 334 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability60▼-5
Solvency78▼-1
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days only on tighter terms
Liquidity ample (current ratio 1.93 against 2.15 in 2023; short-term debt: 30% and cash: 2.8% of total assets), and 46.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
53.3%
Return on assets
-7.1%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-21k
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-01-2026, 160 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
160 d late
2023
161 d late
2022
91 d late
2021
108 d late
2020
124 d late
2019
104 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-21k▼ 91.3%
2023 · €-11k
2018: €9k
2019: €10k
2020: €-3k
2021: €29k
2022: €645
2023: €-11k
2018 → 2024
Working capital
€81k▼ 4.9%
2023 · €85k
2018: €55k
2019: €67k
2020: €51k
2021: €100k
2022: €107k
2023: €85k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€159k-€186k▲ 17.4%€185k▼ 0.6%€174k▼ 5.8%€154k▼ 11.8%
Operating result€-2k-€36k€-20k€-260▲ 98.7%€-17k▼ 6,413%
Net result€-3k-€29k€645▼ 97.8%€-11k€-21k▼ 91.3%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €17k in 2024 against €260 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €289k
Fixed assets
€121k▼ 25.4%
Current assets
€168k▲ 5.5%
Equity and liabilities €289k
Equity
€154k▼ 11.8%
Debt
€135k▼ 8.1%
The debt ratio rises from 45.7% to 46.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€53k▼
2023 · €66k
Cash flow
€49k▼
2023 · €56k
Solvency
53.3%▼
2023 · 54.3%
Current ratio
1.93▼
2023 · 2.15
Quick ratio
1.93▼
2023 · 2.15
Debt / equity
0.88▲
2023 · 0.84
ROE
-13.4%▼
2023 · -6.2%
ROA
-7.1%▼
2023 · -3.3%
Interest coverage
23.88▲
2023 · 18.73
Debt
€135k▼
2023 · €147k
Debt ≤ 1 year
€87k▲
2023 · €74k
Debt > 1 year
€48k▼
2023 · €73k
Income taxes
€1k▼
2023 · €7k
Staff costs
€27k▲
2023 · €25k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€321k€289k▼
Fixed assets21/28€162k€121k▼
Intangible fixed assets21-€0
Tangible fixed assets22/27€162k€120k▼
Land and buildings22€62k€57k▼
Plant, machinery and equipment23€14k€11k▼
Furniture and vehicles24€86k€52k▼
Financial fixed assets28€0€1k▲
Current assets29/58€159k€168k▲
Amounts receivable within one year40/41€124k€156k▲
Trade receivables40€49k€81k▲
Other amounts receivable41€75k€75k▲
Cash at bank and in hand54/58€32k€8k▼
Deferred charges and accrued income490/1€3k€3k=
Equity and liabilities
Total equity and liabilities10/49€321k€289k▼
Equity10/15€174k€154k▼
Contributions10/11€6k€6k=
Reserves13€156k€156k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€15k€15k=
Distributable reserves133€140k€140k=
Profit (loss) carried forward14€12k€-9k▼
Amounts payable17/49€147k€135k▼
Amounts payable after more than one year17€73k€48k▼
Financial debts170/4€73k€48k▼
Amounts payable within one year42/48€74k€87k▲
Current portion of amounts payable after more than one year42€53k€54k▲
Financial debts43€14€14=
Credit institutions430/8€14€14=
Trade debts44€14k€26k▲
Suppliers440/4€14k€26k▲
Taxes, remuneration and social security45€7k€6k▼
Taxes450/3€708€670▼
Remuneration and social security454/9€6k€6k▼
Other amounts payable47/48€300-
Income statement
Code20232024
Remuneration, social security and pensions62€25k€27k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€67k€69k▲
Other operating charges640/8€3k€3k▲
Gross operating margin9900€94k€83k▼
Operating profit (loss)9901€-260€-17k▼
Financial income75/76B€146-
Recurring financial income75€146-
Non-recurring financial income76B€146-
Financial charges65/66B€4k€2k▼
Recurring financial charges65€4k€2k▼
Profit (loss) for the period before taxes9903€-4k€-19k▼
Income taxes67/77€7k€1k▼
Profit (loss) for the period9904€-11k€-21k▼
Profit (loss) for the period to be appropriated9905€-11k€-21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€12k€-9k▼
Profit (loss) brought forward from the previous period14P€23k€12k▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
21-08
State Gazette act
Legal-form change · Resignations & appointmentsGeneral meeting · Statutes amendment · Capital8 facts ▸
State Gazette act
Legal-form change · Resignations & appointments
General meeting · Statutes amendment · Capital8 facts ▸
- General meeting, 2026-08-06
- Statutes amendment
- Capital, €20.460
- Corporate purpose, la réalisation de toutes opérations se rapportant directement ou indirectement à tous travaux de construction, do démolition, d'aménagement, de transformation,…
- Director resignation, PRIM Charles (gérant)
- Director appointment, PRIM Charles (administrateur non statutaire)
- Mandate compensation, PRIM Charles
- Shares, 300
07-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 160 days late
2025
08-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 161 days late
2024
31-12
Financial
Weakest financial yearnet €-21k
Net result drops to €-21k, the lowest in the series.
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 91 days late
2022
16-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 108 days late
2021
31-12
Financial
Back to profitnet €29k
Net result €29k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 3.91
Current ratio from 1.55 to 3.91; short-term debt falls from €94k to €34k.
02-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 124 days late
2020
12-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 104 days late
2019
17-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 48 days late
06-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 190 days late
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 122 days late
2016
28-11
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 120 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2026
PRIM Charles
CurrentAdministrateur non statutaire · since 06-08-2026
06-08-2026
Appointed as Administrateur non statutaire
06-08-2026
Resigned as Gérant
Location & real-estate footprint
Registered office, Estinnes · 1 establishment unit since 2003
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.
Rue Enfer(EVL) 747120 EstinnesGround area
1,066 m²
Building footprint
134 m²
Volume, LiDAR
808 m³
Parcel 55011A0486/00V000, Wallonia · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
M.B.E.
since 20032.115.234.557
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55011A0486/00V000 | Wallonia | 1,066 m² | 1 · 134 m² | 8.0 m · 2 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.
Recognitions · licences · registrations
Recognised contractor
11 categoriesM.B.E. SRL42013
Similar companies · same sector, comparable size
LIMGAZ67
BE 0840.695.634
Beringen · Eq €154k
GEO-AARDWARMTE
BE 0794.613.112
Lochristi · Eq €151k
Cosan
BE 0720.765.032
Lokeren · Eq €149k
AWL-Systems
BE 0695.770.211
Waasmunster · Eq €149k
dewit
BE 0823.973.923
Tremelo · Eq €146k
Of 337 companies in sector 42219 we hold annual accounts for 149. 112 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-12-2002
Fiscal year end31-12
Activities, NACEBEL
42212Civil engineering
42219Civil engineering
37000Sewerage
41003General construction of other non-residential buildings
45213
90010
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.