M-B GROUP
ActiveThe computed 12-month bankruptcy probability of M-B GROUP is 5.5% (elevated). The annual accounts of M-B GROUP for fiscal year 2025 show a net loss of 76% of the equity at the start of that year. The 2025 annual accounts show equity of €9k and a net result of €-28k. Equity is shrinking by ~11% per year across the filed fiscal years. Its solvency ranks better than 31% of 469 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
23
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability3▼-96
Solvency39▼-37
Growth55▼-30
Track record100
Bankruptcy probability, 12 months
5.5%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.12 against 2.39 in 2024; short-term debt: 79.9% and cash: 2.8% of total assets), and 85.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+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 53
Relative position
BE, all sectors
reference
Sector 53
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 2025Solvency, return and age of the figures
Solvency
14.1%
Return on assets
-44.7%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 6 filingsDeviation from the deadline
2025
27 d late
2024
10 d early
2023
10 d early
2022
11 d early
2021
10 d early
2020
3 d early
← 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€257k▲ 14.1%
2024 · €225k
2020: €34k
2021: €83k
2022: €108k
2023: €160k
2024: €225k
2020 → 2025
EBIT margin
-9.9%▼ 22.7pp
2024 · 12.8%
2020: 27.5%
2021: -4.2%
2022: 5.4%
2023: -1.3%
2024: 12.8%
2020 → 2025
Net result
€-28k
2024 · €21k
2020: €7k
2021: €-5k
2022: €4k
2023: €-5k
2024: €21k
2020 → 2025
Working capital
€6k▼ 76.1%
2024 · €25k
2020: €14k
2021: €16k
2022: €5k
2023: €9k
2024: €25k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€83k-€108k▲ 29.4%€160k▲ 48.2%€225k▲ 41.2%€257k▲ 14.1%
Equity€17k-€21k▲ 22.9%€16k▼ 25.1%€37k▲ 131%€9k▼ 76.0%
Operating result€-4k-€6k€-2k€29k€-25k
Net result€-5k-€4k€-5k€21k€-28k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €25k after €29k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €62k
Fixed assets
€7k▼ 77.7%
Current assets
€56k▲ 31.6%
Equity and liabilities €62k
Equity
€9k▼ 76.0%
Debt
€54k▲ 51.5%
The debt ratio rises from 49.1% to 85.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-8k▼
2024 · €43k
Cash flow
€-10k▼
2024 · €35k
Solvency
14.1%▼
2024 · 50.9%
Current ratio
1.12▼
2024 · 2.39
Quick ratio
1.12▼
2024 · 2.39
Debt / equity
6.08▲
2024 · 0.96
ROE
-316.8%▼
2024 · 56.8%
ROA
-44.7%▼
2024 · 28.9%
Interest coverage
-3.57▼
2024 · 15.07
Debt
€54k▲
2024 · €35k
Debt ≤ 1 year
€50k▲
2024 · €18k
Income taxes
€348▼
2024 · €5k
Staff costs
€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€72k€62k▼
Fixed assets21/28€30k€7k▼
Tangible fixed assets22/27€30k€7k▼
Furniture and vehicles24€30k€7k▼
Current assets29/58€42k€56k▲
Amounts receivable within one year40/41€42k€54k▲
Trade receivables40€42k€54k▲
Cash at bank and in hand54/58€624€2k▲
Equity and liabilities
Total equity and liabilities10/49€72k€62k▼
Equity10/15€37k€9k▼
Contributions10/11€15k€15k=
Reserves13€22k€0▼
Distributable reserves133€22k€0▼
Profit (loss) carried forward14-€-6k
Amounts payable17/49€35k€54k▲
Amounts payable after more than one year17€12k-
Financial debts170/4€12k-
Amounts payable within one year42/48€18k€50k▲
Current portion of amounts payable after more than one year42-€2k
Trade debts44-€8k
Suppliers440/4-€8k
Taxes, remuneration and social security45€13k€40k▲
Taxes450/3€13k€34k▲
Remuneration and social security454/9-€6k
Other amounts payable47/48€5k-
Accrued charges and deferred income492/3€6k€4k▼
Income statement
Code20242025
Turnover70€225k€257k▲
Goods, raw materials, services and sundry goods60/61€191k€208k▲
Remuneration, social security and pensions62-€51k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€18k▲
Other operating charges640/8€3k€10k▲
Gross operating margin9900€46k€53k▲
Operating profit (loss)9901€29k€-25k▼
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€26k€-28k▼
Income taxes67/77€5k€348▼
Profit (loss) for the period9904€21k€-28k▼
Profit (loss) for the period to be appropriated9905€21k€-28k▼
Appropriation of the result
Profit (loss) to be appropriated9906€21k€-28k▼
Transfer from equity791/2-€22k
Transfer to equity691/2€21k-
To other reserves6921€21k-
The notes to these accounts (8 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Weakest financial yearnet €-28k ▼234%
Net result drops to €-28k, the lowest in the series.
21-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
21-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
21-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity triplescurrent ratio 7.25
Current ratio from 2.65 to 7.25; short-term debt falls from €8k to €3k.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Antwerpen · 1 establishment unit since 2020
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.
Woningenstraat 92600 AntwerpenGround area
130 m²
Building footprint
65 m²
Volume, LiDAR
318 m³
Parcel 11302A0168/00B004, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
M-B GROUP
since 20202.302.944.108
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11302A0168/00B004 | Flanders | 130 m² | 1 · 65 m² | 8.2 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
Parcel delivery
Notified to the BIPT
Similar companies · same sector, comparable size
SOCOLA HOLDING
BE 0769.684.310
Beersel · Eq €9k
FL LINE
BE 0767.377.688
Awans · Eq €9k
AMEDTRANS
BE 0733.661.577
Sint-Gillis (bij-Brussel) · Eq €10k
SPRINT SERVICES
BE 0737.990.153
Sint-Jans-Molenbeek · Eq €10k
ARS LOGISTICS
BE 1010.985.369
Wemmel · Eq €7k
Of 429 companies in sector 53100 we hold annual accounts for 126. 88 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-05-2020
Fiscal year end31-12
Activities, NACEBEL
53100Postal and courier activities
53200Other postal and courier activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.