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M.B. PARTNERS

Active
Private limited companyfounded 200026 yrs activePirhettes 8, 4834 Limbourg, BelgiumKBO/BCE: BE 0469.155.445

M.B. PARTNERS has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €343k and a net result of €31k. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 76% of 15866 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).

Checked score

Score 2024
91 / 100
Excellent= vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability46▲+14
Solvency100=
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 3.33 against 3.45 in 2023), and 28.3% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
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
elevated failure risk from 2 to 8 years 26 years 0 30 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-07-2025, 6 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
6 d early
2023
2 d early
2022
31 d early
2021
31 d early
2020
31 d early
2019
17 d late
← before the deadline after the deadline →
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

Financials · fiscal year 2024, micro schema

Equity
€343k▼ 3.8%
2023 · €356k
2018: €285k 2019: €330k 2020: €352k 2021: €359k 2022: €364k 2023: €356k
2018 → 2024
Total assets
€478k▼ 4.8%
2023 · €501k
2018: €330k 2019: €349k 2020: €475k 2021: €471k 2022: €470k 2023: €501k
2018 → 2024
Net result
€31k▲ 39.7%
2023 · €22k
2018: €31k 2019: €46k 2020: €22k 2021: €7k 2022: €15k 2023: €22k
2018 → 2024
Working capital
€199k▼ 5.2%
2023 · €210k
2018: €267k 2019: €312k 2020: €235k 2021: €208k 2022: €216k 2023: €210k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20202021202220232024Trend
Equity€352k-€359k▲ 1.9%€364k▲ 1.5%€356k▼ 2.1%€343k▼ 3.8%
Operating result€31k-€9k▼ 71.1%€24k▲ 167%€33k▲ 38.4%€45k▲ 35.3%
Net result€22k-€7k▼ 68.9%€15k▲ 127%€22k▲ 47.8%€31k▲ 39.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€20k€40kOperating result 2020: €31k€31kNet result 2020: €22k€22kOperating result 2021: €9k€9kNet result 2021: €7k€7kOperating result 2022: €24k€24kNet result 2022: €15k€15kOperating result 2023: €33k€33kNet result 2023: €22k€22kOperating result 2024: €45k€45kNet result 2024: €31k€31k20202021202220232024
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 35% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €478k
Fixed assets €193k▼ 6.1%
Current assets €284k▼ 3.8%
Equity and liabilities €478k
Equity €343k▼ 3.8%
Debt €135k▼ 7.1%
The debt ratio falls from 29.0% to 28.3%: debt falls faster than equity shrinks.
Key figures and ratios
2024 value · change against 2023
EBITDA
€58k
2023 · €46k
Cash flow
€44k
2023 · €36k
Solvency
71.7%
2023 · 71.0%
Current ratio
3.33
2023 · 3.45
Quick ratio
3.33
2023 · 3.45
Debt / equity
0.39
2023 · 0.41
ROE
9.2%
2023 · 6.3%
ROA
6.6%
2023 · 4.5%
Interest coverage
42.93
2023 · 32.55
Debt
€135k
2023 · €145k
Debt ≤ 1 year
€85k
2023 · €86k
Debt > 1 year
€50k
2023 · €60k
Income taxes
€13k
2023 · €10k
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€501k€478k
Fixed assets21/28€206k€193k
Tangible fixed assets22/27€206k€193k
Land and buildings22€199k€188k
Plant, machinery and equipment23€7k€5k
Current assets29/58€296k€284k
Amounts receivable within one year40/41€3k€15k
Trade receivables40-€15k
Other amounts receivable41€3k-
Current investments50/53€273k€245k
Cash at bank and in hand54/58€17k€22k
Deferred charges and accrued income490/1€3k€3k
Equity and liabilities
Total equity and liabilities10/49€501k€478k
Equity10/15€356k€343k
Contributions10/11€6k€6k=
Reserves13€346k€332k
Distributable reserves133€346k€332k
Profit (loss) carried forward14€4k€4k
Amounts payable17/49€145k€135k
Amounts payable after more than one year17€60k€50k
Financial debts170/4€60k€50k
Amounts payable within one year42/48€86k€85k
Current portion of amounts payable after more than one year42€14k€14k
Trade debts44€12k€153
Suppliers440/4€12k€153
Taxes, remuneration and social security45€16k€26k
Taxes450/3€13k€17k
Remuneration and social security454/9€3k€9k
Other amounts payable47/48€44k€45k
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k
Other operating charges640/8€2k€2k
Non-recurring operating charges66A€85€254
Gross operating margin9900€48k€59k
Operating profit (loss)9901€33k€45k
Financial income75/76B€524€1k
Recurring financial income75€524€1k
Financial charges65/66B€1k€1k
Recurring financial charges65€1k€1k
Profit (loss) for the period before taxes9903€32k€45k
Income taxes67/77€10k€13k
Profit (loss) for the period9904€22k€31k
Profit (loss) for the period to be appropriated9905€22k€31k
Appropriation of the result
Profit (loss) to be appropriated9906€26k€35k
Profit (loss) brought forward from the previous period14P€4k€4k
Transfer from equity791/2€30k€45k
Transfer to equity691/2€22k€31k
To other reserves6921€22k€31k
Profit to be distributed694/7€30k€45k
Directors or managers695€30k€45k

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

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Timeline · acts, filings and financial milestones

2025
25-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
29-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial Weakest financial yearnet €7k ▼68.9%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
30-06
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
17-08
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 17 days late
2019
31-12
Financial Highest result since 2018net €46k ▲47.6%
Operating result €64k, net result €46k, both a record.
31-12
Financial Liquidity triplescurrent ratio 17.58
Current ratio from 6.93 to 17.58; short-term debt falls from €45k to €19k.
31-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
25-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
10-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 10 days late
2016
03-08
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 3 days late
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, Limbourg · 1 establishment unit since 2000
establishment The establishment unit on the map
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.

Pirhettes 84834 Limbourg
Ground area
4,699 m²
Building footprint
209 m²
Volume, LiDAR
1,085 m³
Parcel 63029B0620/00C000, Wallonia · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Pirhettes 8, 4834 Limbourg
Air transport
since 20002.103.165.282
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
63029B0620/00C000 Wallonia 4,699 m² 1 · 209 m² 7.0 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.

Similar companies · same sector, comparable size

Of 2,119 companies in sector 46500 we hold annual accounts for 1,399. 1,055 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company
Founded10-01-2000
Fiscal year end31-12
Activities, NACEBEL
46500Wholesale of information and communication equipment
46660Wholesale trade
51850
47400Retail sale of information and communication equipment
47410Retail trade
52487
62020IT consultancy
62200Computer consultancy and computer facilities management
72100
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers

Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.