M.B.O.
ActiveSummary
M.B.O. has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €346k and a net result of €126k. Equity is growing by ~8.8% per year across the filed fiscal years. Its solvency ranks better than 62% of 11615 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability99▼-1
Solvency92▼-8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 2.53 against 6.09 in 2023; short-term debt: 33.3% and cash: 15.1% of total assets), and 33.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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
not confirmed
2024
31 d late
2023
122 d late
2022
91 d late
2021
60 d late
2020
31 d late
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€346k▲ 7.0%
2023 · €323k
2018: €186klowest value
2019: €290k▲ +55.6% vs 2018
2021: €209k
2022: €226k▲ +8.3% vs 2021
2023: €323k▲ +42.9% vs 2022
2024: €346k▲ +7.0% vs 2023highest value
2018 → 2024
Total assets
€518k▲ 40.2%
2023 · €370k
2018: €504k
2019: €355k▼ -29.7% vs 2018
2020: €999▼ -99.7% vs 2019lowest in 7 years
2021: €245k▲ +24379% vs 2020
2022: €277k▲ +13.1% vs 2021
2023: €370k▲ +33.7% vs 2022
2024: €518k▲ +40.2% vs 2023highest in 7 years
2018 → 2024
Net result
€126k▲ 30.2%
2023 · €97k
2018: €-54klowest value
2019: €104k▲ +291% vs 2018
2021: €-49k
2022: €17k▲ +135% vs 2021
2023: €97k▲ +462% vs 2022
2024: €126k▲ +30.2% vs 2023highest value
2018 → 2024
Working capital
€264k▲ 11.7%
2023 · €237k
2018: €163k
2019: €261k▲ +59.9% vs 2018
2021: €163klowest value
2022: €185k▲ +13.5% vs 2021
2023: €237k▲ +27.8% vs 2022
2024: €264k▲ +11.7% vs 2023highest value
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€209k€226k▲ 8.3%€323k▲ 42.9%€346k▲ 7.0%
2021: €209klowest in 4 years
2022: €226k▲ +8.3% vs 2021
2023: €323k▲ +42.9% vs 2022
2024: €346k▲ +7.0% vs 2023highest in 4 years
Operating result€-52k€15k€118k▲ 702%€175k▲ 48.3%
2021: €-52klowest in 4 years
2022: €15k▲ +128% vs 2021
2023: €118k▲ +702% vs 2022
2024: €175k▲ +48.3% vs 2023highest in 4 years
Net result€-49k€17k€97k▲ 462%€126k▲ 30.2%
2021: €-49klowest in 4 years
2022: €17k▲ +135% vs 2021
2023: €97k▲ +462% vs 2022
2024: €126k▲ +30.2% vs 2023highest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2024 is 48% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €518k
Fixed assets
€82k ▼ 5.7%
Current assets
€437k ▲ 54.3%
Equity and liabilities €518k
Equity
€346k ▲ 7.0%
Debt
€172k ▲ 271%
Debt's share of the balance-sheet total rises from 12.6% to 33.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€185k▲
2023 · €127k
Cash flow
€136k▲
2023 · €106k
Current ratio
2.53▼
2023 · 6.09
Debt to equity
0.50▲
2023 · 0.14
ROE
36.5%▲
2023 · 30.0%
ROA
24.4%▼
2023 · 26.2%
Interest coverage
147.24▲
2023 · 80.19
Debt ≤ 1 year
€172k▲
2023 · €47k
Income taxes
€62k▲
2023 · €27k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€370k€518k▲
Fixed assets21/28€87k€82k▼
Tangible fixed assets22/27€87k€82k▼
Furniture and vehicles24€14k€16k▲
Other tangible fixed assets26€72k€66k▼
Current assets29/58€283k€437k▲
Amounts receivable within one year40/41€224k€358k▲
Trade receivables40€72k€30k▼
Other amounts receivable41€152k€328k▲
Cash at bank and in hand54/58€57k€78k▲
Deferred charges and accrued income490/1€2k€647▼
Equity and liabilities
Total equity and liabilities10/49€370k€518k▲
Equity10/15€323k€346k▲
Contributions10/11€22k€22k=
Reserves13€241k€264k▲
Distributable reserves133€241k€264k▲
Profit (loss) carried forward14€60k€60k=
Amounts payable17/49€47k€172k▲
Amounts payable within one year42/48€47k€172k▲
Financial debts43-€1k
Credit institutions430/8-€1k
Trade debts44€14k€12k▼
Suppliers440/4€14k€12k▼
Taxes, remuneration and social security45€32k€55k▲
Taxes450/3€32k€55k▲
Other amounts payable47/48-€104k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€10k▲
Other operating charges640/8€100€387▲
Gross operating margin9900€127k€186k▲
Operating profit (loss)9901€118k€175k▲
Financial income75/76B€7k€15k▲
Recurring financial income75€7k€15k▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€124k€189k▲
Income taxes67/77€27k€62k▲
Profit (loss) for the period9904€97k€126k▲
Profit (loss) for the period to be appropriated9905€97k€126k▲
Appropriation of the result
Profit (loss) to be appropriated9906€157k€187k▲
Profit (loss) brought forward from the previous period14P€60k€60k=
Transfer from equity791/2-€104k
Transfer to equity691/2€97k€126k▲
To other reserves6921€97k€126k▲
Profit to be distributed694/7-€104k
Return on contributions (dividend)694-€104k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €7k | €6k | €9k | €10k | ▲ 17.7% |
| Other operating charges640/8 | - | €2k | €1k | €100 | €387 | ▲ 287% |
| Gross operating margin9900 | - | €-44k | €22k | €127k | €186k | ▲ 46.4% |
| Operating profit (loss)9901 | - | €-52k | €15k | €118k | €175k | ▲ 48.3% |
| Financial income75/76B | - | €5k | €6k | €7k | €15k | ▲ 103% |
| Recurring financial income75 | - | €5k | €6k | €7k | €15k | ▲ 103% |
| Financial charges65/66B | - | €1k | €1k | €2k | €1k | ▼ 20.4% |
| Recurring financial charges65 | - | €1k | €1k | €2k | €1k | ▼ 20.4% |
| Profit (loss) for the period before taxes9903 | - | €-49k | €19k | €124k | €189k | ▲ 52.3% |
| Income taxes67/77 | - | €499 | €2k | €27k | €62k | ▲ 132% |
| Profit (loss) for the period9904 | - | €-49k | €17k | €97k | €126k | ▲ 30.2% |
| Profit (loss) for the period to be appropriated9905 | - | €-49k | €17k | €97k | €126k | ▲ 30.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €999 | €245k | €277k | €370k | €518k | ▲ 40.2% |
| Fixed assets21/28 | - | €46k | €41k | €87k | €82k | ▼ 5.7% |
| Tangible fixed assets22/27 | - | €46k | €41k | €87k | €82k | ▼ 5.7% |
| Furniture and vehicles24 | - | €3k | €1k | €14k | €16k | ▲ 9.9% |
| Other tangible fixed assets26 | - | €43k | €40k | €72k | €66k | ▼ 8.8% |
| Current assets29/58 | €999 | €199k | €236k | €283k | €437k | ▲ 54.3% |
| Amounts receivable within one year40/41 | - | €124k | €155k | €224k | €358k | ▲ 59.7% |
| Trade receivables40 | - | €68k | €36k | €72k | €30k | ▼ 58.7% |
| Other amounts receivable41 | - | €55k | €119k | €152k | €328k | ▲ 116% |
| Cash at bank and in hand54/58 | - | €74k | €80k | €57k | €78k | ▲ 37.7% |
| Deferred charges and accrued income490/1 | - | €2k | €621 | €2k | €647 | ▼ 70.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €999 | €245k | €277k | €370k | €518k | ▲ 40.2% |
| Equity10/15 | - | €209k | €226k | €323k | €346k | ▲ 7.0% |
| Contributions10/11 | - | €20k | €20k | €22k | €22k | = |
| Reserves13 | - | €129k | €146k | €241k | €264k | ▲ 9.5% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €127k | €144k | €241k | €264k | ▲ 9.5% |
| Profit (loss) carried forward14 | - | €60k | €60k | €60k | €60k | = |
| Amounts payable17/49 | €999 | €36k | €50k | €47k | €172k | ▲ 271% |
| Amounts payable within one year42/48 | - | €36k | €50k | €47k | €172k | ▲ 271% |
| Financial debts43 | - | €21k | €14k | - | €1k | - |
| Credit institutions430/8 | - | €21k | €14k | - | €1k | - |
| Trade debts44 | - | €11k | €16k | €14k | €12k | ▼ 14.9% |
| Suppliers440/4 | - | €11k | €16k | €14k | €12k | ▼ 14.9% |
| Taxes, remuneration and social security45 | - | €4k | €21k | €32k | €55k | ▲ 71.0% |
| Taxes450/3 | - | €4k | €21k | €32k | €55k | ▲ 71.0% |
| Other amounts payable47/48 | - | - | - | - | €104k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | - | €-49k | €17k | €97k | €126k | ▲ 30.2% |
| + Depreciation and write-downs630 | - | €7k | €6k | €9k | €10k | ▲ 17.7% |
| Operating cash flow (approximation) | - | €-42k | €24k | €106k | €136k | ▲ 29.2% |
| Investment in fixed assets (approximation) | - | - | €-2k | €-54k | €-5k | ▲ 90.7% |
| Change in cash | - | - | €6k | €-23k | €21k | ▲ 194% |
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
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Highest result since 2018net €126k ▲30.2%
Operating result €175k, net result €126k, both a record.
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 122 days late
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 91 days late
2022
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Back to profitnet €104k
Net result €104k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 5.03
Current ratio from 1.51 to 5.03; short-term debt falls from €318k to €65k.
31-12
Financial
Equity above €200kEq €290k ▲55.6%
Equity rises from €186k to €290k.
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 56 days late
Show earlier events
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
17-11
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 109 days late
22-02
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 206 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Braine-l'Alleud · 1 establishment unit since 1985
Ground area
1.1 ha
Building footprint
604 m²
Parcel 25743K0030/02K000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Chaussée d'Alsemberg 1027, 1420 Braine-l'Alleud
since 19852.029.115.185
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25743K0030/02K000 | Wallonia | 1.1 ha | 1 · 604 m² | - |
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.
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Of 3,920 companies in sector 71112 we hold annual accounts for 1,295. 823 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
Founded23-12-1985
Fiscal year end31-12
Activities, NACEBEL 2025
71112Activities of interior architects
74140Other specialised design activities
Scores and ratios are computed by Checked and are not a credit decision.