MABCO
ActiveSummary
MABCO has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €72,890 and a net result of €3,544. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 86% of 7833 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability48▲+11
Solvency100▲+25
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 7.8 against 2.0 in 2024; short-term debt: 12.8% and cash: 14.4% of total assets), and 12.8% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
87.2%
Return on assets
4.2%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
9 d early
2023
8 d early
2022
12 d early
2021
31 d late
2020
3 d early
2019
15 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 3 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 24 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€72,890▲ 5.1%
2024 · €69,347
Total assets
€83,577▼ 39.5%
2024 · €138,190
Net result
€3,544
2024 · -€407
Working capital
€72,673▲ 5.1%
2024 · €69,129
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€4,256-€5,382€8,998€2,263▼ 74.8%€6,789▲ 200%
Net result€643within the sector's middle half€1,225within the sector's middle half▲ 90.5%€6,062within the sector's middle half▲ 395%-€407below the sector's middle half€3,544within the sector's middle half
Equity€62,467within the sector's middle half▲ 1.0%€63,692within the sector's middle half▲ 2.0%€69,754within the sector's middle half▲ 9.5%€69,347within the sector's middle half▼ 0.6%€72,890within the sector's middle half▲ 5.1%
Total assets€111,986within the sector's middle half▼ 7.6%€86,740within the sector's middle half▼ 22.5%€87,611within the sector's middle half▲ 1.0%€138,190within the sector's middle half▲ 57.7%€83,577within the sector's middle half▼ 39.5%
Debt€49,519▼ 16.6%€23,049▼ 53.5%€17,858▼ 22.5%€68,843▲ 286%€10,686▼ 84.5%
Working capital€62,250within the sector's middle half▲ 1.0%€63,474within the sector's middle half▲ 2.0%€69,536within the sector's middle half▲ 9.6%€69,129within the sector's middle half▼ 0.6%€72,673within the sector's middle half▲ 5.1%
Solvency55.8%within the sector's middle half▲ 4.8pp73.4%above the sector's middle half▲ 17.6pp79.6%above the sector's middle half▲ 6.2pp50.2%within the sector's middle half▼ 29.4pp87.2%above the sector's middle half▲ 37.0pp
Current ratio2.26within the sector's middle half▲ 0.223.75within the sector's middle half▲ 1.504.89above the sector's middle half▲ 1.142.00within the sector's middle half▼ 2.897.80above the sector's middle half▲ 5.80
Return on assets (ROA)0.6%within the sector's middle half▲ 3.3pp1.4%within the sector's middle half▲ 0.8pp6.9%within the sector's middle half▲ 5.5pp-0.3%below the sector's middle half▼ 7.2pp4.2%within the sector's middle half▲ 4.5pp
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 200% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €83,577
Fixed assets
€217 =
Current assets
€83,360 ▼ 39.6%
Equity and liabilities €83,577
Equity
€72,890 ▲ 5.1%
Debt
€10,686 ▼ 84.5%
Debt's share of the balance-sheet total falls from 49.8% to 12.8%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.15▼
2024 · 0.99
ROE
4.9%▲
2024 · -0.6%
Debt ≤ 1 year
€10,686▼
2024 · €68,843
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,027 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €623 | €541 | €1,035 | €692 | €710 | ▲ 2.6% |
| Gross operating margin9900 | €4,878 | -€4,841 | €10,033 | €2,955 | €7,499 | ▲ 154% |
| Operating profit (loss)9901 | €4,256 | -€5,382 | €8,998 | €2,263 | €6,789 | ▲ 200% |
| Financial income75/76B | - | €9,050 | €0 | - | - | - |
| Recurring financial income75 | - | €9,050 | €0 | - | - | - |
| Non-recurring financial income76B | - | €9,050 | €0 | - | - | - |
| Financial charges65/66B | €2,719 | €2,621 | €2,718 | €2,670 | €3,246 | ▲ 21.5% |
| Recurring financial charges65 | €2,719 | €2,621 | €2,718 | €2,670 | €3,246 | ▲ 21.5% |
| Profit (loss) for the period before taxes9903 | €1,537 | €1,048 | €6,280 | -€407 | €3,544 | ▲ 971% |
| Income taxes67/77 | €894 | -€177 | €217 | €0 | - | - |
| Profit (loss) for the period9904 | €643 | €1,225 | €6,062 | -€407 | €3,544 | ▲ 971% |
| Profit (loss) for the period to be appropriated9905 | €643 | €1,225 | €6,062 | -€407 | €3,544 | ▲ 971% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €111,986 | €86,740 | €87,611 | €138,190 | €83,577 | ▼ 39.5% |
| Fixed assets21/28 | €217 | €217 | €217 | €217 | €217 | = |
| Financial fixed assets28 | €217 | €217 | €217 | €217 | €217 | = |
| Current assets29/58 | €111,769 | €86,523 | €87,394 | €137,973 | €83,360 | ▼ 39.6% |
| Stocks and contracts in progress3 | €16,750 | - | - | - | - | - |
| Contracts in progress37 | €16,750 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €95,019 | €86,171 | €83,566 | €126,231 | €71,328 | ▼ 43.5% |
| Trade receivables40 | €61,523 | €50,382 | €47,909 | €91,534 | €37,135 | ▼ 59.4% |
| Other amounts receivable41 | €33,496 | €35,790 | €35,656 | €34,697 | €34,193 | ▼ 1.5% |
| Cash at bank and in hand54/58 | - | €352 | €3,828 | €11,742 | €12,031 | ▲ 2.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €111,986 | €86,740 | €87,611 | €138,190 | €83,577 | ▼ 39.5% |
| Equity10/15 | €62,467 | €63,692 | €69,754 | €69,347 | €72,890 | ▲ 5.1% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €11,244 | €11,244 | €11,244 | €11,244 | €11,244 | = |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves not available under the articles1311 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | €5,044 | €5,044 | €5,044 | €5,044 | €5,044 | = |
| Profit (loss) carried forward14 | -€10,777 | -€9,553 | -€3,491 | -€3,898 | -€354 | ▲ 90.9% |
| Amounts payable17/49 | €49,519 | €23,049 | €17,858 | €68,843 | €10,686 | ▼ 84.5% |
| Amounts payable within one year42/48 | €49,519 | €23,049 | €17,858 | €68,843 | €10,686 | ▼ 84.5% |
| Financial debts43 | €30,155 | €17,430 | €17,252 | €23,642 | €0 | ▼ 100% |
| Credit institutions430/8 | €30,155 | €17,430 | €17,252 | €23,642 | €0 | ▼ 100% |
| Trade debts44 | €17,842 | €4,589 | €402 | €44,931 | €1,312 | ▼ 97.1% |
| Suppliers440/4 | €17,842 | €4,589 | €402 | €44,931 | €1,312 | ▼ 97.1% |
| Taxes, remuneration and social security45 | €1,522 | €1,030 | €203 | €271 | €9,374 | ▲ 3,362% |
| Taxes450/3 | €1,522 | €1,030 | €203 | €271 | €9,374 | ▲ 3,362% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €643 | €1,225 | €6,062 | -€407 | €3,544 | ▲ 971% |
| Operating cash flow (approximation) | €643 | €1,225 | €6,062 | -€407 | €3,544 | ▲ 971% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | - | €3,477 | €7,913 | €290 | ▼ 96.3% |
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
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €3,544
Net result €3,544 after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 7.80
Current ratio from 2.00 to 7.80; short-term debt falls from €68,843 to €10,686.
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €6,062 ▲395%
Operating result €8,998, net result €6,062, both a record.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €643
Net result €643 after 3 loss-making years.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€3,352
Net result drops to -€3,352, the lowest in the series; recovery starts the following year.
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Evergem · 1 establishment unit since 1994
Ground area
324 m²
Building footprint
126 m²
Volume, LiDAR
666 m³
Parcel 44066D0723/00S005, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kortendam 35, 9940 Evergem
since 19942.069.809.655
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44066D0723/00S005 | Flanders | 324 m² | 1 · 126 m² | 8.9 m · 2 fl. |
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 24,517 companies in sector 82990 we hold annual accounts for 9,421. 7,114 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 (pre-2019)
Founded15-11-1994
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
46900Non-specialised wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0453809154
Also
9925:BE0453809154
Registered
02-07-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.