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MAB COM

Active
Private limited company (pre-2019)founded 2017active for 8 yearsAlbert Giraudlaan 29-35, 1030 Schaarbeek, BelgiumKBO/BCE: BE 0685.991.819

Financials · financial year 2025, micro format

2025 annual accounts filed 26 days after the deadline Filed on 26 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00046871.

Annual accounts 2025 filed on 26-02-2026 PDF all 7 filings

Turnover
€265,851▲ 161%
2021 · €101,810
EBIT margin
0.4%▲ 8.6pp
2021 · -8.2%
Net result
€480▼ 97.2%
2024 · €17,317
Working capital
€36,386▼ 23.1%
2024 · €47,308
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

The operating result for 2025 is 79% lower than in 2024.

Turnover€265,851 2022 Operating result€5,580 2025 Net result€480 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Services to buildings and landscape activities (NACE 81). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Turnover€205,466€101,810▼ 50.4%€265,851▲ 161%
Operating result€10,610-€10,251▼ 3.4%-€8,321€1,173€16,890▲ 14×€26,915▲ 59.4%€5,580▼ 79.3%
Net result€6,433-€7,023within the sector's middle half▲ 9.2%-€9,185below the sector's middle half-€1,662below the sector's middle half▲ 81.9%€9,992within the sector's middle half€17,317within the sector's middle half▲ 73.3%€480within the sector's middle half▼ 97.2%
EBIT margin5.0%-8.2%▼ 13.2pp0.4%▲ 8.6pp
Equity€12,633-€19,656within the sector's middle half▲ 55.6%€10,471below the sector's middle half▼ 46.7%€11,994below the sector's middle half▲ 14.5%€26,730within the sector's middle half▲ 123%€48,519within the sector's middle half▲ 81.5%€48,999within the sector's middle half▲ 1.0%
Total assets€28,293-€27,050below the sector's middle half▼ 4.4%€18,306below the sector's middle half▼ 32.3%€26,151below the sector's middle half▲ 42.9%€46,730below the sector's middle half▲ 78.7%€65,713within the sector's middle half▲ 40.6%€99,909within the sector's middle half▲ 52.0%
Debt€15,660-€7,394▼ 52.8%€7,835▲ 6.0%€14,157▲ 80.7%€20,000▲ 41.3%€17,194▼ 14.0%€50,910▲ 196%
Working capital€4,576-€12,180within the sector's middle half▲ 166%€7,460within the sector's middle half▼ 38.8%€9,947within the sector's middle half▲ 33.3%€24,605within the sector's middle half▲ 147%€47,308within the sector's middle half▲ 92.3%€36,386within the sector's middle half▼ 23.1%
Solvency44.7%-72.7%above the sector's middle half▲ 28.0pp57.2%within the sector's middle half▼ 15.5pp45.9%within the sector's middle half▼ 11.3pp57.2%within the sector's middle half▲ 11.3pp73.8%above the sector's middle half▲ 16.6pp49.0%within the sector's middle half▼ 24.8pp
Current ratio1.29-2.65within the sector's middle half▲ 1.361.95within the sector's middle half▼ 0.701.70within the sector's middle half▼ 0.252.23within the sector's middle half▲ 0.533.75above the sector's middle half▲ 1.521.71within the sector's middle half▼ 2.04
Return on assets (ROA)22.7%-26.0%above the sector's middle half▲ 3.2pp-50.2%below the sector's middle half▼ 76.1pp-6.4%below the sector's middle half▲ 43.8pp21.4%above the sector's middle half▲ 27.7pp26.4%above the sector's middle half▲ 5.0pp0.5%within the sector's middle half▼ 25.9pp
above within below The sector band is the middle half of the companies in Services to buildings and landscape activities (NACE 81). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €99,909
Fixed assets €12,613 ▲ 942%
Current assets €87,296 ▲ 35.3%
Equity and liabilities €99,909
Equity €48,999 ▲ 1.0%
Debt €50,910 ▲ 196%
Debt's share of the balance-sheet total rises from 26.2% to 51.0%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€12,178▼
2024 · €27,829
Cash flow
€7,078▼
2024 · €18,231
Debt to equity
1.04▲
2024 · 0.35
ROE
1.0%▼
2024 · 35.7%
Interest coverage
87.61▼
2024 · over 100
Debt ≤ 1 year
€50,910▲
2024 · €17,194
Income taxes
€4,961▼
2024 · €10,488
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item30-06-202230-06-202330-06-202430-06-2025
Tangible fixed assets-€1,074-€18,000
Depreciation and write-downs of the year€964€996€914€6,598

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Subsidies and aid

Flemish government

2022 · 1 entry · €3,750 awarded · €3,750 paid
Schemes
1 entry · €3,750 · €3,750 paid · Fonds voor Innoveren en Ondernemen

Comparable companies

These companies have the same main activity as MAB COM: general cleaning of buildings (NACE 81210). They are comparable in size and age: total assets between €65,700 and €120,000, founded between 2014 and 2019.

CompanyFoundedTotal assetsEquityGross marginTurnoverNet resultFinancial year
MAB COM Schaarbeek2017€99,909€48,999€23,046-€4802025
AGENOR Sint-Gillis (bij-Brussel)2017€113,018€37,150€18,167-€7,4202025
LAMI COMPANY La Louvière2019€99,611€21,036€22,575€330,161-€12,7992025
MHM SERVICES Schaarbeek2014€119,780€46,702€24,551-€4,4182024
MILC COMPANY Schaarbeek2018€65,700€20,178€17,930-€8,6702025
CLEANING HMK Elsene2019€119,580€53,424€27,578-€5,4882025
BEL PROPRE Sint-Gillis (bij-Brussel)2019€87,964€44,217€28,327-€1,8982025

They were chosen from the 2,127 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 5,047 companies had the same profile as MAB COM has now. Two years later, 2.2% had gone bankrupt and 93.9% were still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
2.2% went bankrupt
3.8% stopped otherwise
93.9% was still going

Another 0.1% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of MAB COM itself is higher: 3.4% within 12 months. It rests on far more data about MAB COM than the profile alone.

Test of the method

The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 5,047 companies, not a prediction for MAB COM. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines

Source: Annual accounts 2025 (PDF), filed on 26-02-2026.

Balance sheet Code20242025
Assets
Total assets20/58€65,713€99,909▲
Fixed assets21/28€1,211€12,613▲
Tangible fixed assets22/27€1,211€12,613▲
Furniture and vehicles24€1,211€12,613▲
Current assets29/58€64,502€87,296▲
Amounts receivable after more than one year29€19,048€19,049=
Other amounts receivable291€19,048€19,049=
Amounts receivable within one year40/41€45,105€68,247▲
Other amounts receivable41€45,105€68,247▲
Cash at bank and in hand54/58€151-
Deferred charges and accrued income490/1€198-
Equity and liabilities
Total equity and liabilities10/49€65,713€99,909▲
Equity10/15€48,519€48,999▲
Contributions10/11€18,600€18,600=
Reserves13€322€322=
Non-distributable reserves130/1€322€322=
Reserves not available under the articles1311€322€322=
Profit (loss) carried forward14€29,597€30,077▲
Amounts payable17/49€17,194€50,910▲
Amounts payable within one year42/48€17,194€50,910▲
Financial debts43-€19
Credit institutions430/8-€19
Trade debts44€650€30,886▲
Suppliers440/4€650€30,886▲
Taxes, remuneration and social security45€16,544€20,005▲
Taxes450/3€16,544€20,005▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€914€6,598▲
Other operating charges640/8€8,042€10,868▲
Gross operating margin9900€35,871€23,046▼
Operating profit (loss)9901€26,915€5,580▼
Financial income75/76B€1,107-
Recurring financial income75€1,107-
Financial charges65/66B€217€139▼
Recurring financial charges65€217€139▼
Profit (loss) for the period before taxes9903€27,805€5,441▼
Income taxes67/77€10,488€4,961▼
Profit (loss) for the period9904€17,317€480▼
Profit (loss) for the period to be appropriated9905€17,317€480▼
Appropriation of the result
Profit (loss) to be appropriated9906€29,597€30,077▲
Profit (loss) brought forward from the previous period14P€12,280€29,597▲

The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line2019202020212022202320242025Change
Turnover70-€205,466€101,810€265,851----
Goods, raw materials, services and sundry goods60/61---€259,123----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,737€4,080€4,465€964€996€914€6,598▲ 622%
Other operating charges640/8---€4,730€604€8,042€10,868▲ 35.1%
Gross operating margin9900€26,405€14,874€6,852€6,867€18,490€35,871€23,046▼ 35.8%
Operating profit (loss)9901€10,610€10,251-€8,321€1,173€16,890€26,915€5,580▼ 79.3%
Financial income75/76B---€514€114€1,107--
Recurring financial income75€968€997€1,175€514€114€1,107--
Financial charges65/66B---€165€136€217€139▼ 35.9%
Recurring financial charges65€87€140€137€165€136€217€139▼ 35.9%
Profit (loss) for the period before taxes9903€11,491€11,108-€7,283€1,522€16,868€27,805€5,441▼ 80.4%
Income taxes67/77€5,058€4,085€1,902€3,184€6,876€10,488€4,961▼ 52.7%
Profit (loss) for the period9904€6,433€7,023-€9,185-€1,662€9,992€17,317€480▼ 97.2%
Profit (loss) for the period to be appropriated9905€6,433€7,023-€9,185-€1,662€9,992€17,317€480▼ 97.2%
Line2019202020212022202320242025Change
Assets
Total assets20/58€28,293€27,050€18,306€26,151€46,730€65,713€99,909▲ 52.0%
Fixed assets21/28€8,057€7,476€3,011€2,047€2,125€1,211€12,613▲ 942%
Tangible fixed assets22/27€8,057€7,476€3,011€2,047€2,125€1,211€12,613▲ 942%
Furniture and vehicles24---€2,047€2,125€1,211€12,613▲ 942%
Current assets29/58€20,236€19,574€15,295€24,104€44,605€64,502€87,296▲ 35.3%
Amounts receivable after more than one year29-----€19,048€19,049=
Other amounts receivable291-----€19,048€19,049=
Amounts receivable within one year40/41€13,520€11,266€13,068€20,502€38,723€45,105€68,247▲ 51.3%
Other amounts receivable41---€20,502€38,723€45,105€68,247▲ 51.3%
Cash at bank and in hand54/58€6,375€8,172€2,031€3,429€5,694€151--
Deferred charges and accrued income490/1---€173€188€198--
Equity and liabilities
Total equity and liabilities10/49€28,293€27,050€18,306€26,151€46,730€65,713€99,909▲ 52.0%
Equity10/15€12,633€19,656€10,471€11,994€26,730€48,519€48,999▲ 1.0%
Contributions10/11€6,200€6,200€6,200€9,385€14,130€18,600€18,600=
Contributions outside capital11---€9,385----
Other1109/19---€9,385----
Reserves13€322€322€322€322€321€322€322=
Non-distributable reserves130/1---€322€321€322€322=
Legal reserve130---€322----
Reserves not available under the articles1311----€321€322€322=
Profit (loss) carried forward14€6,111€13,134€3,949€2,287€12,279€29,597€30,077▲ 1.6%
Amounts payable17/49€15,660€7,394€7,835€14,157€20,000€17,194€50,910▲ 196%
Amounts payable within one year42/48€15,660€7,394€7,835€14,157€20,000€17,194€50,910▲ 196%
Financial debts43----€28-€19-
Credit institutions430/8----€28-€19-
Trade debts44€10,602€4,633€3,171€9,863€10,134€650€30,886▲ 48×
Suppliers440/4---€9,863€10,134€650€30,886▲ 48×
Taxes, remuneration and social security45---€4,294€9,838€16,544€20,005▲ 20.9%
Taxes450/3---€4,294€9,838€16,544€20,005▲ 20.9%
Line2019202020212022202320242025Change
Profit (loss) for the period9904€6,433€7,023-€9,185-€1,662€9,992€17,317€480▼ 97.2%
+ Depreciation and write-downs630€4,737€4,080€4,465€964€996€914€6,598▲ 622%
Operating cash flow (approximation)€11,170€11,103-€4,720-€698€10,988€18,231€7,078▼ 61.2%
Investment in fixed assets (approximation)--€3,499€0€0-€1,074€0-€18,000-
Change in cash-€1,797-€6,141€1,398€2,265-€5,543--

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (7)
Financial year Type Filed Reference Document
30-06-2025 micro format 26-02-2026 2026-00046871 PDF
30-06-2024 micro format 24-03-2025 2025-00057128 PDF
30-06-2023 micro format 22-12-2023 2024-00542202 PDF
30-06-2022 micro format 21-02-2023 2023-00033224 PDF
30-06-2021 micro format 28-01-2022 2022-02700473 PDF
30-06-2020 micro format 25-01-2021 2021-01600053 PDF
30-06-2019 micro format 31-12-2019 2019-77800256 PDF

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