MABOR
ActiveFrom the official registers: KBO 2 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
MABOR has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€477,610) and a net result of -€51,208. The computed 12-month bankruptcy probability is 0.8% (low).
Overview
Overview
Official details
KBO- Status
- Active since 22-06-2023 Normal situation
- Registered office
- 10 active companies are registered at this address Source: KBO register, as of 1 November 2026.
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.346.695.759 9240 Zele, since 22-06-2023
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Board and ownership
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.8%
- Gross margin
- -€640
- ▲ 97.5%
- Loss
- €51,208
- ▼ 88.5%
- Equity
- -€477,610
- ▼ 12.0%
- Total assets
- €1.3m
- ▲ 142%
Score breakdownraises riskCapped at 59: negative equityLiquidity: current ratio 0.00, cash €1,800Negative equity -€477,610lowers riskSize: total assets €1.3mNo main activity registeredShow the evidence
Checked score
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 (no NACE code, micro). It does better than 5% of them on solvency, 3% on liquidity, 14% on profitability and 23% 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
The company filed its last 2 accounts on average 46 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 15-06-2026 at the NBB all 2 filings
2024 to 2025, 2 financial years
The operating result for 2025 is a loss of €51,148, smaller than the loss of €444,912 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Companies with the same profile, two years later
Historical observationIn July 2024, 1,251 companies had the same profile as MABOR has now. Two years later, 1.0% had gone bankrupt and 96.6% were still going.
- Small
- 2 to 5 years old
- negative equity
- a small loss
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MABOR itself: 0.8% within 12 months.
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.
| 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 1,251 companies, not a prediction for MABOR. 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | €25,240 | €640 | ▼ 97.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €389,369 | €11,672 | ▼ 97.0% |
| Other operating charges640/8 | €30,303 | €38,836 | ▲ 28.2% |
| Gross operating margin9900 | -€25,240 | -€640 | ▲ 97.5% |
| Operating profit (loss)9901 | -€444,912 | -€51,148 | ▲ 88.5% |
| Financial charges65/66B | €90 | €60 | ▼ 33.3% |
| Recurring financial charges65 | €90 | €60 | ▼ 33.3% |
| Profit (loss) for the period before taxes9903 | -€445,002 | -€51,208 | ▲ 88.5% |
| Profit (loss) for the period9904 | -€445,002 | -€51,208 | ▲ 88.5% |
| Profit (loss) for the period to be appropriated9905 | -€445,002 | -€51,208 | ▲ 88.5% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €0.5m | €1.3m | ▲ 142% |
| Fixed assets21/28 | €0.5m | €1.3m | ▲ 142% |
| Tangible fixed assets22/27 | €0.5m | €1.3m | ▲ 142% |
| Land and buildings22 | €0.5m | €1.3m | ▲ 136% |
| Plant, machinery and equipment23 | - | €0.03m | - |
| Current assets29/58 | €0.002m | €0.002m | ▲ 13.4% |
| Cash at bank and in hand54/58 | €0.001m | €0.002m | ▲ 68.1% |
| Deferred charges and accrued income490/1 | €0.001m | €207 | ▼ 70.4% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €0.5m | €1.3m | ▲ 142% |
| Equity10/15 | -€0.4m | -€0.5m | ▼ 12.0% |
| Contributions10/11 | €0.02m | €0.02m | = |
| Profit (loss) carried forward14 | -€0.4m | -€0.5m | ▼ 11.5% |
| Amounts payable17/49 | €1.0m | €1.8m | ▲ 84.3% |
| Amounts payable within one year42/48 | €0.9m | €1.7m | ▲ 83.5% |
| Financial debts43 | €0.9m | €1.7m | ▲ 83.5% |
| Other loans439 | €0.9m | €1.7m | ▲ 83.5% |
| Accrued charges and deferred income492/3 | €0.02m | €0.05m | ▲ 116% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€445,002 | -€51,208 | ▲ 88.5% |
| + Depreciation and write-downs630 | €389,369 | €11,672 | ▼ 97.0% |
| Operating cash flow (approximation) | -€55,633 | -€39,536 | ▲ 28.9% |
| Investment in fixed assets (approximation) | - | -€772,908 | - |
| Change in cash | - | €729 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Owners and capital
Shareholders
- HENKENS Guido Johannes Petrus 50 shares (50%) · €9,300
- FLIES Ernestina Maria Josepha Alfred 50 shares (50%) · €9,300
Capital transactions
- 26-06-2023 Incorporation · €18,600 · 100 shares
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| FLIES Ernestina Maria Josepha Alfred |
|
| HENKENS Guido Johannes Petrus |
|
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Artikel 10, niet-statutaire herroepbaar ad nutum bij besluit algemene vergadering zonder vergoeding”“Artikel 12, algemene kosten los van representatie-,reis- en verplaatsingskosten”
Capital, shares and profit
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “100, beschikbare inbrengen”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Helft overdrager en helft koper(s) naar evenredigheid aantal bij meer kopers, Artikel 9”
Audit, dissolution and liquidation
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, algemene vergadering”
Articles of association, deed of 26-06-2023 (in Dutch)
Network & group
MABOR shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of MABOR. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
26-06
Gazette deed
IncorporationAppointments: HENKENS Guido Johannes Petrus (director) and FLIES Ernestina Maria Josepha Alfred (director) · Founder · Founding capital11 points ▸
- Incorporation, “MABOR” (deed in Dutch)
- Founder, HENKENS Guido Johannes Petrus
- Founder, FLIES Ernestina Maria Josepha Alfred
- Founding capital, €18,600
- Bank account, 18600, EUR
- Other provision, “financieel plan, wet” (deed in Dutch)
- Other provision, “slot- en overgangsbepalingen, eenparig door comparant” (deed in Dutch)
- Director appointment, HENKENS Guido Johannes Petrus (director (not named in the articles))
- Director appointment, FLIES Ernestina Maria Josepha Alfred (director (not named in the articles))
- Pre-incorporation commitments, “takeover, alle verbintenissen en verplichtingen die eruit voortvloeien en alle activiteiten ondernomen door comparant in naam en voor rekening van vennootschap…” (deed in Dutch)
- Registered office clause, “9240 Zele, Aloïs De Beulelaan 5” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Invoicing and payment
Financial year and general meeting
Accounts at the NBBEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 42028B0920/00H000 | Flanders | 4,501 m² | 1 · 528 m² | 17.6 m · 2 |