MABRA
ActiveSummary
MABRA has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €257k and a net result of €280k. Equity is shrinking by ~24.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency85▲+85
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity ample (current ratio 2.37 against 0.0 in 2024; short-term debt: 40.2% and cash: 95.2% of total assets), and 40.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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
59.8%
Return on assets
65.2%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
6 d early
2023
12 d early
2022
13 d early
2021
60 d late
2020
6 d late
2019
77 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€257k
2024 · €-23k
Total assets
€430k▲ 725%
2024 · €52k
Net result
€280k
2024 · €-23k
Working capital
€236k
2024 · €-75k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-8k€-8k▼ 5.3%€-12k▼ 50.1%€-21k▼ 69.5%€394k
Net result€-10k€-10k▼ 3.4%€-15k▼ 44.4%€-23k▼ 54.7%€280k
Equity€24k▼ 29.1%€14k▼ 42.5%€-897€-23k▼ 2,519%€257k
Total assets€63k▼ 2.5%€58k▼ 7.1%€62k▲ 6.9%€52k▼ 16.1%€430k▲ 725%
Debt€39k▲ 26.9%€44k▲ 14.7%€63k▲ 42.0%€76k▲ 20.0%€173k▲ 129%
Working capital€-26k▼ 33.4%€-33k▼ 26.2%€-51k▼ 56.9%€-75k▼ 47.4%€236k
Staff (FTE)1
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €394k after a loss of €21k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €430k
Fixed assets
€20k ▼ 60.6%
Current assets
€409k ▲ 392,358%
Equity and liabilities €430k
Equity
€257k
Debt
€173k
Debt finances 40.2% of the balance-sheet total.
Key figures and ratios
EBITDA
€396k▲
2024 · €-17k
Cash flow
€282k▲
2024 · €-19k
Current ratio
2.37▲
2024 · 0.00
Debt to equity
0.67▲
2024 · -3.22
ROE
109.1%
ROA
65.2%▲
2024 · -43.4%
Interest coverage
185.07▲
2024 · -9.07
Debt ≤ 1 year
€173k▲
2024 · €76k
Income taxes
€111k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €3k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €3k | €3k | €4k | €2k | ▼ 55.5% |
| Other operating charges640/8 | €2k | €2k | €2k | €13k | €5k | ▼ 62.8% |
| Gross operating margin9900 | €-2k | €-3k | €-7k | €-142 | €401k | ▲ 283,033% |
| Operating profit (loss)9901 | €-8k | €-8k | €-12k | €-21k | €394k | ▲ 1,999% |
| Financial income75/76B | - | - | - | - | €122 | - |
| Recurring financial income75 | - | - | - | - | €122 | - |
| Financial charges65/66B | €2k | €2k | €2k | €2k | €2k | ▲ 14.6% |
| Recurring financial charges65 | €2k | €2k | €2k | €2k | €2k | ▲ 14.6% |
| Profit (loss) for the period before taxes9903 | €-10k | €-10k | €-15k | €-23k | €392k | ▲ 1,834% |
| Income taxes67/77 | - | - | - | - | €111k | - |
| Profit (loss) for the period9904 | €-10k | €-10k | €-15k | €-23k | €280k | ▲ 1,341% |
| Profit (loss) for the period to be appropriated9905 | €-10k | €-10k | €-15k | €-23k | €280k | ▲ 1,341% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €63k | €58k | €62k | €52k | €430k | ▲ 725% |
| Fixed assets21/28 | €50k | €46k | €50k | €52k | €20k | ▼ 60.6% |
| Tangible fixed assets22/27 | €50k | €46k | €50k | €52k | €20k | ▼ 60.6% |
| Land and buildings22 | €50k | €46k | €50k | €52k | €20k | ▼ 60.6% |
| Furniture and vehicles24 | - | - | €0 | €0 | €0 | - |
| Current assets29/58 | €13k | €12k | €12k | €104 | €409k | ▲ 392,358% |
| Amounts receivable within one year40/41 | €12k | €12k | €12k | €104 | - | - |
| Trade receivables40 | €12k | €12k | €12k | - | - | - |
| Other amounts receivable41 | €717 | - | - | €104 | - | - |
| Cash at bank and in hand54/58 | €75 | €2 | €62 | - | €409k | - |
| Deferred charges and accrued income490/1 | €307 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €63k | €58k | €62k | €52k | €430k | ▲ 725% |
| Equity10/15 | €24k | €14k | €-897 | €-23k | €257k | ▲ 1,193% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €3k | €3k | €3k | €3k | €194k | ▲ 6,345% |
| Non-distributable reserves130/1 | €3k | €3k | €3k | €3k | €6k | ▲ 106% |
| Legal reserve130 | - | €3k | €3k | - | €6k | - |
| Reserves not available under the articles1311 | €3k | - | - | €3k | - | - |
| Distributable reserves133 | - | - | - | - | €188k | - |
| Profit (loss) carried forward14 | €-41k | €-51k | €-66k | €-88k | €687 | ▲ 101% |
| Amounts payable17/49 | €39k | €44k | €63k | €76k | €173k | ▲ 129% |
| Amounts payable within one year42/48 | €39k | €44k | €63k | €76k | €173k | ▲ 129% |
| Financial debts43 | €10k | €10k | €10k | €10k | - | - |
| Credit institutions430/8 | €10k | €10k | €10k | €10k | - | - |
| Trade debts44 | €15k | €6k | €9k | €11k | €2k | ▼ 83.1% |
| Suppliers440/4 | €15k | €6k | €9k | €11k | €2k | ▼ 83.1% |
| Taxes, remuneration and social security45 | €120 | €120 | €120 | €120 | €111k | ▲ 92,603% |
| Taxes450/3 | €120 | €120 | €120 | €120 | €111k | ▲ 92,603% |
| Other amounts payable47/48 | €13k | €28k | €44k | €55k | €60k | ▲ 8.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-10k | €-10k | €-15k | €-23k | €280k | ▲ 1,341% |
| + Depreciation and write-downs630 | €3k | €3k | €3k | €4k | €2k | ▼ 55.5% |
| Operating cash flow (approximation) | €-6k | €-7k | €-11k | €-19k | €282k | ▲ 1,602% |
| Investment in fixed assets (approximation) | - | €0 | €-7k | €-5k | €30k | ▲ 642% |
| Change in cash | - | €-73 | €60 | - | - | - |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Back to profitnet €280k
Net result €280k after 4 loss-making years.
31-12
Financial
Liquidity times 1717current ratio 2.37
Current ratio from 0.00 to 2.37.
31-12
Financial
Equity above €200kEq €257k
Equity rises from €-23k to €257k.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-23k
Net result drops to €-23k, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 6 days late
2020
31-12
Financial
Back to profitnet €379
Net result €379 after 2 loss-making years.
16-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 77 days late
Show earlier events
2019
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 1997
Ground area
162 m²
Building footprint
111 m²
Volume, LiDAR
1,923 m³
Parcel 21447B0314/00S003, Brussels · tallest building 19.8 m, ±6 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Alphonse Renardstraat 73, 1050 Elsene
since 19972.082.033.041
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0314/00S003 | Brussels | 162 m² | 1 · 111 m² | 19.8 m · 6 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.
Identification & contact
Identification
Legal formPublic limited company
Founded28-06-1996
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.