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M.B.U. CONCEPT

Active
Private limited companyfounded 201312 yrs activeRoute de Wallonie (G.) 4/1, 7011 Mons, BelgiumKBO/BCE: BE 0542.383.319
Summary

The computed 12-month bankruptcy probability of M.B.U. CONCEPT is 6.2% (elevated). The 2024 annual accounts show equity of €28,744 and a net result of -€17,382. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 19% of 3561 sector peers (fiscal year 2024). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
M.B.U. CONCEPTActiveChecked score 33/100
Risk analysis ReportCompare

Overview

Activity
Other specialised construction activities
NACE 43990General construction of residential buildings NACE 41001General construction of buildings NACE 41201
1 site
Size
€168,087total assets 2024
Equity
€28,744
Loss
-€17,382
Financial health
33 Weak Checked score 2024
Bankruptcy chance 12 m
6.2%
Structure
Accounts 66 d overdue0 of 5 deeds read
Why 33- 1 financial year not filed after the legal deadline; latest accounts 85 days late; 2 of the last 3 late- Liquidity: current ratio 1.21- Figures for FY 2024 (filed 28-10-2025)+ Size: total assets €168,087Show the evidence

Checked score

Score 2024
33 / 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 13% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Weak
Solvency 42-30
equity 17.1% of total assets
Liquidity 19-34
short-term debt 74.8%
Profitability 6-94
return on assets -10.3%
Bankruptcy probability, 12 months
6.2% Elevated
0%0.5%1.5%4%10%≥ 25%

About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,514 companies)
Last 24 months 11-2024: 1.8% 12-2024: 1.8%▼ -3.9% vs 11-2024 01-2025: 1.8%● 0.0% vs 12-2024 02-2025: 1.7%▼ -1.8% vs 01-2025 03-2025: 1.7%▼ -3.6% vs 02-2025 04-2025: 1.7%▼ -0.5% vs 03-2025 05-2025: 1.6%▼ -2.4% vs 04-2025 06-2025: 1.6%▼ -2.9% vs 05-2025lowest value 07-2025: 1.7%▲ +5.4% vs 06-2025 08-2025: 2.3%▲ +36.9% vs 07-2025 09-2025: 2.3%▼ -0.2% vs 08-2025 10-2025: 3.3%▲ +45.5% vs 09-2025 11-2025: 5.4%▲ +63.1% vs 10-2025 12-2025: 5.4%● 0.0% vs 11-2025 01-2026: 5.4%● 0.0% vs 12-2025 02-2026: 5.4%● 0.0% vs 01-2026 03-2026: 5.4%● 0.0% vs 02-2026 04-2026: 5.4%▼ -0.4% vs 03-2026 05-2026: 5.0%▼ -7.1% vs 04-2026 06-2026: 4.9%▼ -2.3% vs 05-2026 07-2026: 4.6%▼ -5.6% vs 06-2026 08-2026: 5.3%▲ +15.3% vs 07-2026 09-2026: 5.2%▼ -1.9% vs 08-2026 10-2026: 6.2%▲ +20.0% vs 09-2026highest value
  • 1 financial year not filed after the legal deadline; latest accounts 85 days late; 2 of the last 3 late raises the probability
  • Liquidity: current ratio 1.21 raises the probability
  • Figures for FY 2024 (filed 28-10-2025) raises the probability
  • Size: total assets €168,087 lowers the probability for this profile
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.21 against 1.77 in 2023; short-term debt: 74.8% of total assets), and 82.9% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 19%, liquidity 10%, profitability 10%, growth against the median 11%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 1 financial year not filed after the legal deadline; latest accounts 85 days late; 2 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Liquidity: current ratio 1.21
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Figures for FY 2024 (filed 28-10-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Size: total assets €168,087
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 3561 sector peers (2024).
NBB · sector comparison
Position among 3561 sector peers
Solvency
better than 19%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-10-2025, 85 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
85 d late
2023
20 d early
2022
72 d late
2021
284 d late
2020
236 d late
2019
236 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 149 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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
  1. Annual accounts filedfiscal year 2024 · full…
  2. Annual accounts filedfiscal year 2023 · full…
  3. Highest result since 2018net €25,253 ▲206%

Key points

  • Caution: Among the weakest 14% on net resultsector median €28,966 · 3,560 companies -€17,382 View
  • Caution: Accounts not fileddeadline was 31-07-2026 66 d late View
  • Total assets 20246 fiscal years filed €168,087 View

By topic

Financials

Fiscal year
2024
Total assets
€168,087
Loss
-€17,382
Solvency
17.1%
Total assets▲ 71.6%
Net result
20182024
Go to Financials

Timeline

Events
13
Since
2016
  1. 24-10-2025Annual accounts filed
  2. 11-07-2024Annual accounts filed
  3. 31-12-2023Highest result since 2018
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Other specialised construction activitiesNACE 43990
Founded
21-11-2013
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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