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MABRA

Active
Public limited companyfounded 199630 yrs activeAlphonse Renardstraat 73, 1050 Elsene, BelgiumKBO/BCE: BE 0458.412.397
Summary

MABRA has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €256,858 and a net result of €280,354. 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 €21,000 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.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 30 years 0 40 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
59.8%
Return on assets
65.2%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 filings
Deviation 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 →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 20 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

MABRA was incorporated on 28 June 1996.1 Total assets rose from EUR 61,555 in 2018 to EUR 429,677 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€256,858
2024 · -€23,496
Total assets
€429,677▲ 725%
2024 · €52,102
Net result
€280,354
2024 · -€22,599
Working capital
€236,358
2024 · -€75,495
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-€7,740-€8,149▼ 5.3%-€12,234▼ 50.1%-€20,735▼ 69.5%€393,844
Net result-€9,778-€10,114▼ 3.4%-€14,605▼ 44.4%-€22,599▼ 54.7%€280,354
Equity€23,822▼ 29.1%€13,708▼ 42.5%-€897-€23,496▼ 2,519%€256,858
Total assets€62,509▼ 2.5%€58,079▼ 7.1%€62,099▲ 6.9%€52,102▼ 16.1%€429,677▲ 725%
Debt€38,687▲ 26.9%€44,370▲ 14.7%€62,996▲ 42.0%€75,599▲ 20.0%€172,819▲ 129%
Working capital-€25,876▼ 33.4%-€32,656▼ 26.2%-€51,222▼ 56.9%-€75,495▼ 47.4%€236,358
Staff (FTE)1
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
  • 2025 Total assets +725% on 2024. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
-€200,000€0€200,000€400,000Operating result 2021: -€7,740-€7,740Net result 2021: -€9,778-€9,778Operating result 2022: -€8,149-€8,149Net result 2022: -€10,114-€10,114Operating result 2023: -€12,234-€12,234Net result 2023: -€14,605-€14,605Operating result 2024: -€20,735-€20,735Net result 2024: -€22,599-€22,599Operating result 2025: €393,844€393,844Net result 2025: €280,354€280,35420212022202320242025-€200,000€0€200,000€400,000Operating result 2023: -€12,234-€12,200Net result 2023: -€14,605-€14,600Operating result 2024: -€20,735-€20,700Net result 2024: -€22,599-€22,600Operating result 2025: €393,844€394,000Net result 2025: €280,354€280,000202320242025
The operating result returns to profit in 2025: €393,844 after a loss of €20,735 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €429,677
Fixed assets €20,500 ▼ 60.6%
Current assets €409,177 ▲ 392,358%
Equity and liabilities €429,677
Equity €256,858
Debt €172,819
Debt finances 40.2% of the balance-sheet total.
Key figures and ratios
2025 value · change against 2024
EBITDA
€395,545▲
2024 · -€16,914
Cash flow
€282,055▲
2024 · -€18,778
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
€172,819▲
2024 · €75,599
Income taxes
€111,475
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.4% went bankrupt
5.9% stopped otherwise
93% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.6%
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 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 31,324 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet Code20242025
Assets
Total assets20/58€52,102€429,677▲
Fixed assets21/28€51,998€20,500▼
Tangible fixed assets22/27€51,998€20,500▼
Land and buildings22€51,998€20,500▼
Furniture and vehicles24€0€0=
Current assets29/58€104€409,177▲
Amounts receivable within one year40/41€104-
Other amounts receivable41€104-
Cash at bank and in hand54/58-€409,177
Equity and liabilities
Total equity and liabilities10/49€52,102€429,677▲
Equity10/15-€23,496€256,858▲
Contributions10/11€61,973€61,973=
Capital10€61,973€61,973=
Issued capital100€61,973€61,973=
Reserves13€3,013€194,197▲
Non-distributable reserves130/1€3,013€6,197▲
Legal reserve130-€6,197
Reserves not available under the articles1311€3,013-
Distributable reserves133-€188,000
Profit (loss) carried forward14-€88,483€687▲
Amounts payable17/49€75,599€172,819▲
Amounts payable within one year42/48€75,599€172,819▲
Financial debts43€9,983-
Credit institutions430/8€9,983-
Trade debts44€10,516€1,780▼
Suppliers440/4€10,516€1,780▼
Taxes, remuneration and social security45€120€111,475▲
Taxes450/3€120€111,475▲
Other amounts payable47/48€54,980€59,564▲
Income statement Code20242025
Remuneration, social security and pensions62€3,313-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,821€1,701▼
Other operating charges640/8€13,459€5,003▼
Gross operating margin9900-€142€400,549▲
Operating profit (loss)9901-€20,735€393,844▲
Financial income75/76B-€122
Recurring financial income75-€122
Financial charges65/66B€1,864€2,137▲
Recurring financial charges65€1,864€2,137▲
Profit (loss) for the period before taxes9903-€22,599€391,829▲
Income taxes67/77-€111,475
Profit (loss) for the period9904-€22,599€280,354▲
Profit (loss) for the period to be appropriated9905-€22,599€280,354▲
Appropriation of the result
Profit (loss) to be appropriated9906-€88,483€191,871▲
Profit (loss) brought forward from the previous period14P-€65,883-€88,483▼
Transfer to equity691/2-€191,184
To the legal reserve6920-€3,184
To other reserves6921-€188,000

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Remuneration, social security and pensions62---€3,313--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,300€3,333€3,369€3,821€1,701▼ 55.5%
Other operating charges640/8€2,357€2,238€2,238€13,459€5,003▼ 62.8%
Gross operating margin9900-€2,083-€2,578-€6,627-€142€400,549▲ 283,033%
Operating profit (loss)9901-€7,740-€8,149-€12,234-€20,735€393,844▲ 1,999%
Financial income75/76B----€122-
Recurring financial income75----€122-
Financial charges65/66B€2,037€1,964€2,372€1,864€2,137▲ 14.6%
Recurring financial charges65€2,037€1,964€2,372€1,864€2,137▲ 14.6%
Profit (loss) for the period before taxes9903-€9,778-€10,114-€14,605-€22,599€391,829▲ 1,834%
Income taxes67/77----€111,475-
Profit (loss) for the period9904-€9,778-€10,114-€14,605-€22,599€280,354▲ 1,341%
Profit (loss) for the period to be appropriated9905-€9,778-€10,114-€14,605-€22,599€280,354▲ 1,341%
Line20212022202320242025Change
Assets
Total assets20/58€62,509€58,079€62,099€52,102€429,677▲ 725%
Fixed assets21/28€49,698€46,364€50,325€51,998€20,500▼ 60.6%
Tangible fixed assets22/27€49,698€46,364€50,325€51,998€20,500▼ 60.6%
Land and buildings22€49,698€46,364€50,325€51,998€20,500▼ 60.6%
Furniture and vehicles24--€0€0€0-
Current assets29/58€12,811€11,714€11,774€104€409,177▲ 392,358%
Amounts receivable within one year40/41€12,429€11,712€11,712€104--
Trade receivables40€11,712€11,712€11,712---
Other amounts receivable41€717--€104--
Cash at bank and in hand54/58€75€2€62-€409,177-
Deferred charges and accrued income490/1€307-----
Equity and liabilities
Total equity and liabilities10/49€62,509€58,079€62,099€52,102€429,677▲ 725%
Equity10/15€23,822€13,708-€897-€23,496€256,858▲ 1,193%
Contributions10/11€61,973€61,973€61,973€61,973€61,973=
Capital10€61,973€61,973€61,973€61,973€61,973=
Issued capital100€61,973€61,973€61,973€61,973€61,973=
Reserves13€3,013€3,013€3,013€3,013€194,197▲ 6,345%
Non-distributable reserves130/1€3,013€3,013€3,013€3,013€6,197▲ 106%
Legal reserve130-€3,013€3,013-€6,197-
Reserves not available under the articles1311€3,013--€3,013--
Distributable reserves133----€188,000-
Profit (loss) carried forward14-€41,164-€51,278-€65,883-€88,483€687▲ 101%
Amounts payable17/49€38,687€44,370€62,996€75,599€172,819▲ 129%
Amounts payable within one year42/48€38,687€44,370€62,996€75,599€172,819▲ 129%
Financial debts43€10,034€9,832€9,550€9,983--
Credit institutions430/8€10,034€9,832€9,550€9,983--
Trade debts44€15,166€6,473€9,168€10,516€1,780▼ 83.1%
Suppliers440/4€15,166€6,473€9,168€10,516€1,780▼ 83.1%
Taxes, remuneration and social security45€120€120€120€120€111,475▲ 92,603%
Taxes450/3€120€120€120€120€111,475▲ 92,603%
Other amounts payable47/48€13,366€27,945€44,157€54,980€59,564▲ 8.3%
Line20212022202320242025Change
Profit (loss) for the period9904-€9,778-€10,114-€14,605-€22,599€280,354▲ 1,341%
+ Depreciation and write-downs630€3,300€3,333€3,369€3,821€1,701▼ 55.5%
Operating cash flow (approximation)-€6,478-€6,780-€11,236-€18,778€282,055▲ 1,602%
Investment in fixed assets (approximation)-€0-€7,330-€5,494€29,797▲ 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.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial Back to profitnet €280,354
Net result €280,354 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 €200,000Eq €256,858
Equity rises from -€23,496 to €256,858.
25-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Weakest financial yearnet -€22,599
Net result drops to -€22,599, 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
seat establishment The establishment unit on the map
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
Air transport
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
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 26 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.