M.B.E.A.
ActiveSummary
The computed 12-month bankruptcy probability of M.B.E.A. is 2.0% (moderate). The 2025 annual accounts show negative equity (-€196,952) and a net result of -€6,576. Equity is shrinking by about 3.9% per year across the filed financial years. Its solvency ranks better than 5% of 3,703 sector peers (NACE 01, financial year 2025). The company has been active since 1996 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- -€196,952
- Loss
- -€6,576
Why 52raises riskLast filed accounts filed 60 days late; 3 of the last 3 lateLoss of €6,576, the second in a row (financial year 2025)Liquidity: current ratio 0.09, cash €87lowers riskSize: turnover €13,425, total assets €42,268Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 01, micro): better than 5% on solvency, 2% on liquidity, 32% on profitability and 36% on growth.
The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 50 days after the deadline; the sector median (NACE 01) for financial year 2024 is 3 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (60 days) Filed on 29 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00538661.
2020 to 2025, 5 financial years 2018 to 2025, 7 financial years
The operating result stays negative: a loss of €6,544 in 2025 against €7,904 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 01, Crop and animal production, hunting and related service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 6,619 companies that looked in July 2024 the way this one looks now, 4.5% went bankrupt within 24 months and 84.5% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.0% 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 497,445 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 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 74.5% 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 6,619 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.
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €11,875 | €15,320 | €11,925 | €11,965 | €13,315 | €13,375 | €13,425 | ▲ 0.4% |
| Non-recurring operating income76A | - | - | - | - | - | - | €2,273 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €13,912 | €11,865 | €12,928 | €12,690 | ▼ 1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,961 | €8,502 | €8,062 | €8,234 | €6,180 | €7,143 | €8,793 | ▲ 23.1% |
| Other operating charges640/8 | - | - | - | €634 | €1,189 | €1,208 | €759 | ▼ 37.2% |
| Gross operating margin9900 | -€18 | €5,598 | €5,638 | -€1,947 | €1,450 | €447 | €3,008 | ▲ 573% |
| Operating profit (loss)9901 | -€9,602 | -€3,717 | -€3,055 | -€10,815 | -€5,919 | -€7,904 | -€6,544 | ▲ 17.2% |
| Financial charges65/66B | - | - | - | €23 | €53 | €31 | €32 | ▲ 3.2% |
| Recurring financial charges65 | €15 | €15 | €138 | €23 | €53 | €31 | €32 | ▲ 3.2% |
| Profit (loss) for the period before taxes9903 | -€9,617 | -€3,732 | -€3,193 | -€10,838 | -€5,972 | -€7,935 | -€6,576 | ▲ 17.1% |
| Profit (loss) for the period9904 | -€9,617 | -€3,732 | -€3,193 | -€10,838 | -€5,972 | -€7,935 | -€6,576 | ▲ 17.1% |
| Profit (loss) for the period to be appropriated9905 | -€9,617 | -€3,732 | -€3,193 | -€10,838 | -€5,972 | -€7,935 | -€6,576 | ▲ 17.1% |
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €46,849 | €43,684 | €37,830 | €31,863 | €40,571 | €54,025 | €42,268 | ▼ 21.8% |
| Formation expenses20 | - | - | - | - | €1,278 | €1,014 | €749 | ▼ 26.1% |
| Fixed assets21/28 | €36,110 | €31,886 | €25,347 | €17,401 | €21,313 | €20,445 | €19,448 | ▼ 4.9% |
| Tangible fixed assets22/27 | €36,110 | €31,886 | €25,347 | €17,401 | €21,313 | €20,445 | €19,448 | ▼ 4.9% |
| Land and buildings22 | - | - | - | €382 | €347 | €313 | €278 | ▼ 11.2% |
| Plant, machinery and equipment23 | - | - | - | €16,874 | €20,966 | €17,823 | €17,036 | ▼ 4.4% |
| Furniture and vehicles24 | - | - | - | €145 | - | €2,309 | €2,134 | ▼ 7.6% |
| Current assets29/58 | €10,739 | €11,798 | €12,483 | €14,462 | €17,980 | €32,566 | €22,071 | ▼ 32.2% |
| Amounts receivable within one year40/41 | €10,113 | €10,929 | €11,328 | €13,668 | €16,980 | €31,586 | €21,464 | ▼ 32.0% |
| Trade receivables40 | - | - | - | €4,636 | €4,636 | €16,411 | €4,636 | ▼ 71.8% |
| Other amounts receivable41 | - | - | - | €9,032 | €12,344 | €15,175 | €16,828 | ▲ 10.9% |
| Current investments50/53 | - | - | - | €204 | - | - | - | - |
| Cash at bank and in hand54/58 | €267 | €365 | €227 | - | €151 | €120 | €87 | ▼ 27.5% |
| Deferred charges and accrued income490/1 | - | - | - | €590 | €849 | €860 | €520 | ▼ 39.5% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €46,849 | €43,684 | €37,830 | €31,863 | €40,571 | €54,025 | €42,268 | ▼ 21.8% |
| Equity10/15 | -€152,058 | -€155,790 | -€158,983 | -€176,469 | -€182,441 | -€190,376 | -€196,952 | ▼ 3.5% |
| Contributions10/11 | €29,747 | €29,747 | €29,747 | €29,747 | €29,747 | €29,747 | €29,747 | = |
| Profit (loss) carried forward14 | -€181,805 | -€185,537 | -€188,730 | -€206,216 | -€212,188 | -€220,123 | -€226,699 | ▼ 3.0% |
| Amounts payable17/49 | €198,907 | €199,474 | €196,813 | €208,332 | €223,012 | €244,401 | €239,220 | ▼ 2.1% |
| Amounts payable within one year42/48 | €198,907 | €199,474 | €196,813 | €208,332 | €223,012 | €244,401 | €239,220 | ▼ 2.1% |
| Trade debts44 | - | - | - | - | - | €2,727 | - | - |
| Suppliers440/4 | - | - | - | - | - | €2,727 | - | - |
| Other amounts payable47/48 | - | - | - | €208,332 | €223,012 | €241,674 | €239,220 | ▼ 1.0% |
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,617 | -€3,732 | -€3,193 | -€10,838 | -€5,972 | -€7,935 | -€6,576 | ▲ 17.1% |
| + Depreciation and write-downs630 | €8,961 | €8,502 | €8,062 | €8,234 | €6,180 | €7,143 | €8,793 | ▲ 23.1% |
| Operating cash flow (approximation) | -€656 | €4,770 | €4,869 | -€2,604 | €208 | -€792 | €2,217 | - |
| Investment in fixed assets (approximation) | - | -€4,278 | -€1,523 | - | -€10,092 | -€6,275 | -€7,796 | ▼ 24.2% |
| Change in cash | - | €98 | -€138 | - | - | -€31 | -€33 | ▼ 6.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 29 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 29-09-2026 | 2026-00538661 |
| 31-12-2024 | micro format | 27-09-2025 | 2025-00518926 |
| 31-12-2023 | micro format | 23-09-2024 | 2024-00468478 |
| 31-12-2022 | micro format | 09-10-2023 | 2023-00486588 |
| 31-12-2020 | full format | 27-10-2021 | 2021-75000440 |
| 31-12-2019 | full format | 22-07-2020 | 2020-33900413 |
| 31-12-2018 | full format | 29-08-2019 | 2019-56800414 |
| 31-12-2017 | full format | 25-07-2018 | 2018-38000284 |
| 31-12-2016 | full format | 22-09-2017 | 2017-62300502 |
| 31-12-2015 | full format | 29-08-2016 | 2016-52000586 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BAUDSON Marcel |
|
Owners and capital
Capital and shareholders
- 23-11-2023 Converted to unavailable equity
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
23-11
Gazette deed
Purpose · Amendment of the articles · Legal-form change · Resignations & appointmentsResignation: BAUDSON Marcel (manager) · Appointment: BAUDSON Marcel (director) · Incorporation16 facts ▸
- General meeting, 30-10-2023
- Incorporation, 29-03-1996
- Registered-office move, Rue de Virelles38,6460 Chimay
- Amendment of the articles (3 times)
- Legal-form conversion, “société à responsabilité limitée” (deed in French)
- Purpose change
- Other provision, 29-09-2023
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “suppression compte de capitaux propres statutairement indisponible, fonds disponibles pour distribution” (deed in French)
- Capital
- Power of attorney, Marie-Cécile STEVAUX
- Director resignation, BAUDSON Marcel (manager)
- +4 further facts in this act
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 56016D0540/00D000 | Wallonia | 2,168 m² | 1 · 158 m² | 9.6 m · 3 |
| 56016D0415/00A010 | Wallonia | 109 m² | 1 · 151 m² | 11.2 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “La société a pour objet tant en Belgique qu'à l’étranger,pour compte propre ou pour compte de tiers ou en participation avec…” (deed in French)
3 activities (deed in French)
- La société a pour objet tant en Belgique qu'à l’étranger,pour compte propre ou pour compte de tiers ou en participation avec ceux-ci,l’exploitation d’une entreprise agricole.
- Elle peut accomplir toutes opérations généralement quelconques,industrielles,commerciales,financières,mobilières et immobilières se rapportant directement ou indirectement à son objet.
- La société peut en outre s'intéresser par toutes voies dans toutes affaires,entreprises ou sociétés ayant un objet analogue,similaire ou connexe ou qui sont de nature à favoriser le développement de son entreprise.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- M.B.E.A.
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, sièges administratifs,agences,ateliers,dépôts et succursales,tant en Belgique qu'à l'étranger,par simple décision organe…” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation fixée par assemblée, organe administration” (deed in French)“Vacance et décès administrateur, assemblée pourvoit le cas échéant” (deed in French)“Rémunération administrateurs, approbation comptes emporte approbation rémunération comptabilisée” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, titulaires peuvent prendre connaissance registre relatif à leurs titres” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Share issue ruleHow and by whom new shares can be issued.
- “Apport en numéraire avec émission nouvelles actions, organe d’administration qui procède à émission” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Monday of June at 14:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Tout temps, assemblée générale formes modifications statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed