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MABECO

Active
Private limited companyfounded 2000active for 25 yearsBaarleboslaan 34, 9031 Gent, BelgiumKBO/BCE: BE 0473.188.071
Summary

MABECO has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €103,645 and a net result of -€1,240. Equity has been growing by about 7.2% per year since 2019. Its solvency ranks better than 41% of 13,741 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).

Overview

Official details

Source: KBO
Status
Active since 02-11-2000 Normal situation
Activity
Wholesale trade NACE 46441
Establishment unit
2.101.055.236 9031 Gent, since 23-11-2000
Financial year end
30 September
Peppol
Reachable since 30-10-2023

Board and ownership

Board
  • Vermaut MartineDirector · since 25-10-2000

Financial position

67 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.9%
Annual accounts to 30-09-2025
Gross margin
€13,611
▲ 15.6%
Turnover
≈ €130,000
estimated
Loss
€1,240
▼ 59.7%
Equity
€103,645
▼ 1.2%
Total assets
€353,641
▼ 4.0%
Score breakdownraises risk1 change of registered office in 24 monthsLiquidity: current ratio 0.10, cash €1,769, halvedlowers riskFigures for financial year 2025 (filed on 01-04-2026)Founded in 2000Show the evidence

Checked score

Score 2025
67 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 43% of micro companies in wholesale trade (NACE 46)
Financial strength · tick: 2024
Average
Solvency 54+1
equity 29.3% of total assets
Liquidity 47+1
short-term debt 16.2% · cash 0.5%
Profitability 68=
return on assets -0.4%
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%

About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,899 companies, NACE 46, micro)
Last 24 months 12-2024: 0.4% 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.5%▲ +0.1 percentage points vs 03-2025 05-2025: 0.3%▼ -0.2 percentage points vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.3%● unchanged vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025lowest value 11-2025: 0.3%● unchanged vs 10-2025lowest value 12-2025: 0.3%● unchanged vs 11-2025lowest value 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 1.0%▲ +0.7 percentage points vs 01-2026 03-2026: 1.0%● unchanged vs 02-2026 04-2026: 1.1%▲ +0.1 percentage points vs 03-2026highest value 05-2026: 0.9%▼ -0.2 percentage points vs 04-2026 06-2026: 0.9%● unchanged vs 05-2026 07-2026: 0.9%● unchanged vs 06-2026 08-2026: 0.9%● unchanged vs 07-2026 09-2026: 0.9%● unchanged vs 08-2026 10-2026: 0.9%● unchanged vs 09-2026 11-2026: 0.9%● unchanged vs 10-2026
Credit of up to €6,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.1 (0.11 in 2024), below 1. Short-term debt is 16.2% and cash 0.5% of total assets. 70.7% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 39% of them on solvency, 46% on liquidity, 50% on profitability and 37% on growth.

The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Liquidity: current ratio 0.10, cash €1,769, halved
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 01-04-2026)
NBB · annual accounts
lowers risk · Founded in 2000
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-03-2026, 30 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
30 days early
2024
23 days early
2023
32 days early
2022
31 days early
2021
30 days early
2020
30 days early
2019
36 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 30 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 31 March (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end02-11-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Caution: 2 loss-making years in a rowloss in financial year 2025 -€1,240 View

Recent changes

  1. · Gazette deed Registered office moved from Brugge to Drongen
  2. · Gazette deed Incorporation
All 15 events

Comparable companies

These companies have the same main activity as MABECO: wholesale trade (NACE 46441). They are comparable in size and age: total assets between €136,000 and €901,000, founded between 2007 and 2014.

CompanyTotal assetsGross margin
MABECO Gent€353,641€13,611
GLASSWORKS Bever€136,205€10,736
HORIMEX & CO Hasselt€306,932€58,776
RAJA-trading Ukkel€570,537€54,956
MARO Oostkamp€900,741€61,131
COX GLAS Bocholt€276,938€126,895
HDM Sint-Niklaas€763,909€147,018
Full comparison

Key facts about MABECO

What is the company number of MABECO?
The company number of MABECO is 0473.188.071. The VAT number is the same number with BE in front: BE 0473.188.071.
Where is MABECO based?
The registered office is at Baarleboslaan 34, 9031 Gent.Company details
What does MABECO do?
According to the KBO register, the main activity is wholesale trade (NACE 46441).
What is the legal form of MABECO?
The legal form of MABECO is Private limited company (BV).
When was MABECO founded?
MABECO was founded on 02-11-2000.
Is MABECO still active?
Yes, MABECO is an active enterprise in the KBO register.
What is the turnover of MABECO?
The turnover in financial year 2025 is ≈ €130,000. This figure is estimated from the gross margin of €13,611 and 41 comparable companies (NACE 464). It probably lies between €76,000 and €550,000. It is a rough estimate.Financials
Is MABECO profitable?
In financial year 2025, MABECO made a loss of €1,240.
Where can I find the annual accounts of MABECO?
MABECO filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of MABECO due?
MABECO must file the annual accounts for financial year 2026 by 30-04-2027.Timeline

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