MABESEM
ActiveSummary
MABESEM has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €345,357 and a net result of €154,259. Equity is growing by ~16.3% per year across the filed fiscal years. Its solvency ranks better than 78% of 11693 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
What they do
Wholesale trade
NACE 46110NACE 51110
1 site
How big
€453,401total assets 2025
- Equity
- €345,357
- Profit
- €154,259
Turnover not published (abridged schema)
Who decides
- Holdings
- 1
Accounts 18 d early0 of 2 deeds read
Why 93- Higher-failure-rate sector- Higher-failure-rate region+ Long track record+ Annual accounts: healthy financial profileLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100▲+14
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 3.76 against 2.11 in 2024; short-term debt: 23.8% and cash: 68.7% of total assets), and 23.8% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
76.2%
Return on assets
34%
Age of the figures
9 mo
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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
38 d early
2023
34 d early
2022
19 d early
2021
46 d early
2020
50 d early
2019
39 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 35 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 28 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Highest result since 2018net €154,259 ▲55.6%
- Equity above €200,000Eq €345,357 ▲80.7%
Financials
Fiscal year 2025Total assets €453,401Profit €154,259Solvency 76.2%Liquidity 3.76
Total assets
€453,401▲ 45.0%
2018 - 2025
Net result
€154,259▲ 55.6%
2018 - 2025
Equity
€345,357▲ 80.7%
2018 - 2025
Solvency
76.2%▲ 15.1pp
2018 - 2025
Financials · fiscal year 2025, micro schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€13,550▲ 5.3%-€34€9,214€145,792▲ 1,482%€228,434▲ 56.7%
Net result€13,886within the sector's middle half▲ 5.5%€355within the sector's middle half▼ 97.4%€7,755within the sector's middle half▲ 2,085%€99,159above the sector's middle half▲ 1,179%€154,259above the sector's middle half▲ 55.6%
Equity€83,830within the sector's middle half▲ 19.9%€84,185within the sector's middle half▲ 0.4%€91,939within the sector's middle half▲ 9.2%€191,098above the sector's middle half▲ 108%€345,357above the sector's middle half▲ 80.7%
Total assets€192,470within the sector's middle half▲ 7.8%€194,139within the sector's middle half▲ 0.9%€204,115within the sector's middle half▲ 5.1%€312,783within the sector's middle half▲ 53.2%€453,401above the sector's middle half▲ 45.0%
Debt€108,640=€109,954▲ 1.2%€112,175▲ 2.0%€121,685▲ 8.5%€108,043▼ 11.2%
Working capital€71,334within the sector's middle half▲ 24.0%€71,688within the sector's middle half▲ 0.5%€79,465within the sector's middle half▲ 10.8%€134,890above the sector's middle half▲ 69.7%€298,114above the sector's middle half▲ 121%
Solvency43.6%within the sector's middle half▲ 4.4pp43.4%within the sector's middle half▼ 0.2pp45.0%within the sector's middle half▲ 1.7pp61.1%within the sector's middle half▲ 16.1pp76.2%above the sector's middle half▲ 15.1pp
Current ratio1.66within the sector's middle half▲ 0.131.65within the sector's middle half=1.71within the sector's middle half▲ 0.062.11within the sector's middle half▲ 0.403.76above the sector's middle half▲ 1.65
Return on assets (ROA)7.2%within the sector's middle half▼ 0.2pp0.2%within the sector's middle half▼ 7.0pp3.8%within the sector's middle half▲ 3.6pp31.7%above the sector's middle half▲ 27.9pp34.0%above the sector's middle half▲ 2.3pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, 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 and balance sheet
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 57% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €453,401
Fixed assets
€47,289 ▼ 15.9%
Current assets
€406,112 ▲ 58.3%
Equity and liabilities €453,401
Equity
€345,357 ▲ 80.7%
Debt
€108,043 ▼ 11.2%
Debt's share of the balance-sheet total falls from 38.9% to 23.8%. Equity is higher and debt is lower.
Key figures and ratios
Key figures and ratios
EBITDA
€237,382▲
2024 · €146,794
Cash flow
€163,207▲
2024 · €100,161
Debt to equity
0.31▼
2024 · 0.64
ROE
44.7%▼
2024 · 51.9%
Interest coverage
725.34▲
2024 · 618.65
Debt ≤ 1 year
€107,998▼
2024 · €121,657
Income taxes
€74,078▲
2024 · €46,728
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 20,134 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.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €1,002 | €8,948 | ▲ 793% |
| Other operating charges640/8 | €10,278 | €6,424 | €457 | €4,564 | €61,432 | ▲ 1,246% |
| Gross operating margin9900 | €23,828 | €6,390 | €9,671 | €151,358 | €298,814 | ▲ 97.4% |
| Operating profit (loss)9901 | €13,550 | -€34 | €9,214 | €145,792 | €228,434 | ▲ 56.7% |
| Financial income75/76B | €565 | €583 | €216 | €333 | €230 | ▼ 30.8% |
| Recurring financial income75 | €565 | €583 | €216 | €333 | €230 | ▼ 30.8% |
| Financial charges65/66B | €229 | €194 | €219 | €237 | €327 | ▲ 37.9% |
| Recurring financial charges65 | €229 | €194 | €219 | €237 | €327 | ▲ 37.9% |
| Profit (loss) for the period before taxes9903 | €13,886 | €355 | €9,211 | €145,887 | €228,337 | ▲ 56.5% |
| Income taxes67/77 | €0 | - | €1,456 | €46,728 | €74,078 | ▲ 58.5% |
| Profit (loss) for the period9904 | €13,886 | €355 | €7,755 | €99,159 | €154,259 | ▲ 55.6% |
| Profit (loss) for the period to be appropriated9905 | €13,886 | €355 | €7,755 | €99,159 | €154,259 | ▲ 55.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €192,470 | €194,139 | €204,115 | €312,783 | €453,401 | ▲ 45.0% |
| Fixed assets21/28 | €12,500 | €12,500 | €12,500 | €56,236 | €47,289 | ▼ 15.9% |
| Tangible fixed assets22/27 | - | - | - | €43,736 | €34,789 | ▼ 20.5% |
| Furniture and vehicles24 | - | - | - | €43,736 | €34,789 | ▼ 20.5% |
| Financial fixed assets28 | €12,500 | €12,500 | €12,500 | €12,500 | €12,500 | = |
| Current assets29/58 | €179,970 | €181,639 | €191,615 | €256,547 | €406,112 | ▲ 58.3% |
| Amounts receivable within one year40/41 | €142,683 | €134,247 | €135,569 | €133,613 | €92,610 | ▼ 30.7% |
| Trade receivables40 | €0 | - | €1,210 | €1,210 | €8,182 | ▲ 576% |
| Other amounts receivable41 | €142,683 | €134,247 | €134,359 | €132,403 | €84,428 | ▼ 36.2% |
| Cash at bank and in hand54/58 | €37,287 | €47,392 | €43,898 | €120,955 | €311,481 | ▲ 158% |
| Deferred charges and accrued income490/1 | - | - | €12,148 | €1,979 | €2,020 | ▲ 2.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €192,470 | €194,139 | €204,115 | €312,783 | €453,401 | ▲ 45.0% |
| Equity10/15 | €83,830 | €84,185 | €91,939 | €191,098 | €345,357 | ▲ 80.7% |
| Contributions10/11 | €30,000 | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Reserves13 | €3,000 | €3,000 | €61,000 | €161,098 | €315,357 | ▲ 95.8% |
| Non-distributable reserves130/1 | €3,000 | €3,000 | €0 | - | - | - |
| Reserves not available under the articles1311 | €3,000 | €3,000 | €0 | - | - | - |
| Distributable reserves133 | - | - | €61,000 | €161,098 | €315,357 | ▲ 95.8% |
| Profit (loss) carried forward14 | €50,830 | €51,185 | €939 | €0 | - | - |
| Amounts payable17/49 | €108,640 | €109,954 | €112,175 | €121,685 | €108,043 | ▼ 11.2% |
| Amounts payable within one year42/48 | €108,637 | €109,952 | €112,150 | €121,657 | €107,998 | ▼ 11.2% |
| Financial debts43 | - | €4 | €0 | - | - | - |
| Credit institutions430/8 | - | €4 | €0 | - | - | - |
| Trade debts44 | €20 | €1,234 | €1,972 | €3,001 | €1,835 | ▼ 38.8% |
| Suppliers440/4 | €20 | €1,234 | €1,972 | €3,001 | €1,835 | ▼ 38.8% |
| Taxes, remuneration and social security45 | €73 | €170 | €1,634 | €11,878 | €15,511 | ▲ 30.6% |
| Taxes450/3 | €73 | €170 | €1,634 | €11,878 | €15,511 | ▲ 30.6% |
| Other amounts payable47/48 | €108,544 | €108,544 | €108,544 | €106,778 | €90,651 | ▼ 15.1% |
| Accrued charges and deferred income492/3 | €4 | €3 | €25 | €28 | €46 | ▲ 60.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,886 | €355 | €7,755 | €99,159 | €154,259 | ▲ 55.6% |
| + Depreciation and write-downs630 | - | - | - | €1,002 | €8,948 | ▲ 793% |
| Operating cash flow (approximation) | €13,886 | €355 | €7,755 | €100,161 | €163,207 | ▲ 62.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€44,739 | €0 | ▲ 100% |
| Change in cash | - | €10,105 | -€3,495 | €77,057 | €190,527 | ▲ 147% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
BIO-UNIQUE
BE 0863.623.959
Assenede · Eq €360,898
Covalenz
BE 0795.363.376
Genappe · Eq €325,145
YVES NIZET
BE 0842.990.178
Hamois · Eq €315,300
ALLSTAR
BE 0420.475.501
Ninove · Eq €307,081
Puppyhouse
BE 0568.818.589
Boechout · Eq €391,645
Of 410 companies in this sector we hold annual accounts for 172. 129 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Board & ownership
1 holding
Directors
Directors
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
50%
According to the 2025 annual accounts of MABESEM and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No directors read yet: 0 of 2 Gazette acts processed.
Timeline
15 eventsLatest 13-07-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €154,259 ▲55.6%
Operating result €228,434, net result €154,259, both a record.
31-12
Financial
Equity above €200,000Eq €345,357 ▲80.7%
6 profitable years in a row build equity to €345,357.
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150,000Eq €191,098 ▲108%
5 profitable years in a row build equity to €191,098.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €13,156
Net result €13,156 after one loss-making year.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€943
Net result drops to -€943, the lowest in the series; recovery starts the following year.
Show earlier events
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-06
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.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Company details
Private limited company · founded 13-12-1991Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded13-12-1991
Fiscal year end31-12
Activities, NACEBEL 2025
46110Wholesale trade
68121Development of residential building projects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0445995706
Registered
21-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Mons · 1 establishment unit since 1991
Ground area
2,200 m²
Building footprint
339 m²
Volume, LiDAR
1,503 m³
Parcel 53071A0286/00G003, Wallonia · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue des Résistants 54, 7030 Mons
since 1991unit no. 2.055.405.650
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53071A0286/00G003 | Wallonia | 2,200 m² | 1 · 339 m² | 7.7 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.
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.