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M.B.E.A.

Active
Private limited companyfounded 199630 yrs activeRue de Virelles(CH) 38, 6460 Chimay, BelgiumKBO/BCE: BE 0457.619.967
Summary

M.B.E.A. has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€190,376) and a net result of -€7,935. Equity is shrinking by ~4% per year across the filed fiscal years. Its solvency ranks better than 5% of 3940 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability0▼-37
Solvency0=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.13 against 0.08 in 2023; short-term debt: 452.4% and cash: 0.2% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
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 2024
Solvency, return and age of the figures
Solvency
-352.4%
Return on assets
-14.7%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 30 years 0 40 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
181920222324
2018 to 2024 · latest year -€190,376
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-09-2025, 58 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 filings
Deviation from the deadline
2025
not confirmed
2024
58 d late
2023
54 d late
2022
70 d late
2020
88 d late
2019
9 d early
2018
29 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 48 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 10 April 1996, M.B.E.A. was incorporated.1 Revenue went from EUR 11,875 in 2018 to EUR 13,375 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Turnover
€13,375▲ 0.5%
2023 · €13,315
EBIT margin
-59.1%▼ 14.6pp
2023 · -44.5%
Net result
-€7,935▼ 32.9%
2023 · -€5,972
Working capital
-€211,835▼ 3.3%
2023 · -€205,032
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
Line20192020202220232024
Turnover€15,320▲ 29.0%€11,925▼ 22.2%€11,965-€13,315▲ 11.3%€13,375▲ 0.5%
Operating result-€3,717▲ 61.3%-€3,055▲ 17.8%-€10,815--€5,919▲ 45.3%-€7,904▼ 33.5%
Net result-€3,732▲ 61.2%-€3,193▲ 14.4%-€10,838--€5,972▲ 44.9%-€7,935▼ 32.9%
EBIT margin-24.3%▲ 56.6pp-25.6%▼ 1.4pp-90.4%--44.5%▲ 45.9pp-59.1%▼ 14.6pp
Equity-€155,790▼ 2.5%-€158,983▼ 2.0%-€176,469--€182,441▼ 3.4%-€190,376▼ 4.3%
Total assets€43,684▼ 6.8%€37,830▼ 13.4%€31,863-€40,571▲ 27.3%€54,025▲ 33.2%
Debt€199,474▲ 0.3%€196,813▼ 1.3%€208,332-€223,012▲ 7.0%€244,401▲ 9.6%
Working capital-€187,676▲ 0.3%-€184,330▲ 1.8%-€193,870--€205,032▼ 5.8%-€211,835▼ 3.3%
Result per fiscal year
Operating resultNet result
-€15,000-€10,000-€5,000€0Operating result 2019: -€3,717-€3,717Net result 2019: -€3,732-€3,732Operating result 2020: -€3,055-€3,055Net result 2020: -€3,193-€3,193Operating result 2022: -€10,815-€10,815Net result 2022: -€10,838-€10,838Operating result 2023: -€5,919-€5,919Net result 2023: -€5,972-€5,972Operating result 2024: -€7,904-€7,904Net result 2024: -€7,935-€7,93520192020202220232024-€15,000-€10,000-€5,000€0Operating result 2022: -€10,815-€10,800Net result 2022: -€10,838-€10,800Operating result 2023: -€5,919-€5,920Net result 2023: -€5,972-€5,970Operating result 2024: -€7,904-€7,900Net result 2024: -€7,935-€7,940202220232024
The operating result stays negative: a loss of €7,904 in 2024 against €5,919 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €53,011
Fixed assets €20,445 ▼ 4.1%
Current assets €32,566 ▲ 81.1%
Key figures and ratios
2024 value · change against 2023
EBITDA
-€761▼
2023 · €261
Cash flow
-€792▼
2023 · €208
Solvency
-352.4%▲
2023 · -449.7%
Current ratio
0.13▲
2023 · 0.08
Debt to equity
-1.28▼
2023 · -1.22
ROA
-14.7%▲
2023 · -14.7%
Interest coverage
-24.55▼
2023 · 4.92
Debt ≤ 1 year
€244,401▲
2023 · €223,012
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 35 lines
Balance sheet Code20232024
Assets
Total assets20/58€40,571€54,025▲
Formation expenses20€1,278€1,014▼
Fixed assets21/28€21,313€20,445▼
Tangible fixed assets22/27€21,313€20,445▼
Land and buildings22€347€313▼
Plant, machinery and equipment23€20,966€17,823▼
Furniture and vehicles24-€2,309
Current assets29/58€17,980€32,566▲
Amounts receivable within one year40/41€16,980€31,586▲
Trade receivables40€4,636€16,411▲
Other amounts receivable41€12,344€15,175▲
Cash at bank and in hand54/58€151€120▼
Deferred charges and accrued income490/1€849€860▲
Equity and liabilities
Total equity and liabilities10/49€40,571€54,025▲
Equity10/15-€182,441-€190,376▼
Contributions10/11€29,747€29,747=
Profit (loss) carried forward14-€212,188-€220,123▼
Amounts payable17/49€223,012€244,401▲
Amounts payable within one year42/48€223,012€244,401▲
Trade debts44-€2,727
Suppliers440/4-€2,727
Other amounts payable47/48€223,012€241,674▲
Income statement Code20232024
Turnover70€13,315€13,375▲
Goods, raw materials, services and sundry goods60/61€11,865€12,928▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,180€7,143▲
Other operating charges640/8€1,189€1,208▲
Gross operating margin9900€1,450€447▼
Operating profit (loss)9901-€5,919-€7,904▼
Financial charges65/66B€53€31▼
Recurring financial charges65€53€31▼
Profit (loss) for the period before taxes9903-€5,972-€7,935▼
Profit (loss) for the period9904-€5,972-€7,935▼
Profit (loss) for the period to be appropriated9905-€5,972-€7,935▼
Appropriation of the result
Profit (loss) to be appropriated9906-€212,188-€220,123▼
Profit (loss) brought forward from the previous period14P-€206,216-€212,188▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20192020202220232024Change
Turnover70€15,320€11,925€11,965€13,315€13,375▲ 0.5%
Goods, raw materials, services and sundry goods60/61--€13,912€11,865€12,928▲ 9.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,502€8,062€8,234€6,180€7,143▲ 15.6%
Other operating charges640/8--€634€1,189€1,208▲ 1.6%
Gross operating margin9900€5,598€5,638-€1,947€1,450€447▼ 69.2%
Operating profit (loss)9901-€3,717-€3,055-€10,815-€5,919-€7,904▼ 33.5%
Financial charges65/66B--€23€53€31▼ 41.5%
Recurring financial charges65€15€138€23€53€31▼ 41.5%
Profit (loss) for the period before taxes9903-€3,732-€3,193-€10,838-€5,972-€7,935▼ 32.9%
Profit (loss) for the period9904-€3,732-€3,193-€10,838-€5,972-€7,935▼ 32.9%
Profit (loss) for the period to be appropriated9905-€3,732-€3,193-€10,838-€5,972-€7,935▼ 32.9%
Line20192020202220232024Change
Assets
Total assets20/58€43,684€37,830€31,863€40,571€54,025▲ 33.2%
Formation expenses20---€1,278€1,014▼ 20.7%
Fixed assets21/28€31,886€25,347€17,401€21,313€20,445▼ 4.1%
Tangible fixed assets22/27€31,886€25,347€17,401€21,313€20,445▼ 4.1%
Land and buildings22--€382€347€313▼ 9.8%
Plant, machinery and equipment23--€16,874€20,966€17,823▼ 15.0%
Furniture and vehicles24--€145-€2,309-
Current assets29/58€11,798€12,483€14,462€17,980€32,566▲ 81.1%
Amounts receivable within one year40/41€10,929€11,328€13,668€16,980€31,586▲ 86.0%
Trade receivables40--€4,636€4,636€16,411▲ 254%
Other amounts receivable41--€9,032€12,344€15,175▲ 22.9%
Current investments50/53--€204---
Cash at bank and in hand54/58€365€227-€151€120▼ 20.5%
Deferred charges and accrued income490/1--€590€849€860▲ 1.3%
Equity and liabilities
Total equity and liabilities10/49€43,684€37,830€31,863€40,571€54,025▲ 33.2%
Equity10/15-€155,790-€158,983-€176,469-€182,441-€190,376▼ 4.3%
Contributions10/11€29,747€29,747€29,747€29,747€29,747=
Profit (loss) carried forward14-€185,537-€188,730-€206,216-€212,188-€220,123▼ 3.7%
Amounts payable17/49€199,474€196,813€208,332€223,012€244,401▲ 9.6%
Amounts payable within one year42/48€199,474€196,813€208,332€223,012€244,401▲ 9.6%
Trade debts44----€2,727-
Suppliers440/4----€2,727-
Other amounts payable47/48--€208,332€223,012€241,674▲ 8.4%
Line20192020202220232024Change
Profit (loss) for the period9904-€3,732-€3,193-€10,838-€5,972-€7,935▼ 32.9%
+ Depreciation and write-downs630€8,502€8,062€8,234€6,180€7,143▲ 15.6%
Operating cash flow (approximation)€4,770€4,869-€2,604€208-€792▼ 481%
Investment in fixed assets (approximation)--€1,523--€10,092-€6,275▲ 37.8%
Change in cash--€138---€31-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
27-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 58 days late
2024
23-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 54 days late
2023
09-10
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
31-12
Financial Weakest financial yearnet -€10,838
Net result drops to -€10,838, the lowest in the series; recovery starts the following year.
2021
27-10
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 88 days late
2020
22-07
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
29-08
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
25-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
22-09
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 53 days late
2016
29-08
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 29 days late
2015
16-09
NBB filing Annual accounts filed
fiscal year 2014 · full schema · 47 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Chimay · 1 establishment unit since 1996
seat establishment The establishment unit on the map
Ground area
2,277 m²
Building footprint
309 m²
Volume, LiDAR
2,523 m³
2 parcels, Wallonia · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
UM SONORISATION SPRL
Rue Van Humbeek(CH) 20, 6460 ChimayNACE 4531002
since 19962.079.124.526
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
56016D0540/00D000 Wallonia 2,168 m² 1 · 158 m² 9.6 m · 3 fl.
56016D0415/00A010 Wallonia 109 m² 1 · 151 m² 11.2 m · 3 fl.
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.

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 20,585 companies in sector 01500 we hold annual accounts for 1,149. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded10-04-1996
Fiscal year end31-12
Activities, NACEBEL 2025
01500Mixed farming
Contact
E-mail srlmbea@gmail.com

Scores and ratios are computed by Checked and are not a credit decision.