MB
ActiveSummary
MB has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€27,625) and a net result of -€8,224. Equity is growing by ~12.1% per year across the filed fiscal years. Its solvency ranks better than 5% of 2547 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-95
Solvency0=
Growth48▼-17
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.06 against 0.21 in 2023; short-term debt: 388.8% and cash: 21.8% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-288.8%
Return on assets
-86%
Age of the figures
21 mo
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
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year -€27,625
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-08-2025, 22 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
22 d late
2023
41 d late
2022
61 d late
2021
60 d late
2020
153 d late
2019
87 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 71 days after the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€34,624▲ 2.7%
2020 · €33,712
EBIT margin
3.7%▼ 20.3pp
2020 · 24.0%
Net result
-€8,224
2023 · €3,147
Working capital
-€35,100▼ 29.8%
2023 · -€27,044
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 85, Education, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€33,712▲ 1.3%€34,624▲ 2.7%
Operating result€8,086€1,286▼ 84.1%€5,889▲ 358%€3,224▼ 45.3%-€8,135
Net result€8,044within the sector's middle half€1,241within the sector's middle half▼ 84.6%€5,810within the sector's middle half▲ 368%€3,147within the sector's middle half▼ 45.8%-€8,224below the sector's middle half
EBIT margin24.0%▲ 29.8pp3.7%▼ 20.3pp
Equity-€29,600below the sector's middle half▲ 21.4%-€28,359below the sector's middle half▲ 4.2%-€22,548below the sector's middle half▲ 20.5%-€19,401below the sector's middle half▲ 14.0%-€27,625below the sector's middle half▼ 42.4%
Total assets€7,662below the sector's middle half▼ 17.0%€9,346below the sector's middle half▲ 22.0%€13,482below the sector's middle half▲ 44.2%€14,966below the sector's middle half▲ 11.0%€9,565below the sector's middle half▼ 36.1%
Debt€37,262▼ 20.5%€37,705▲ 1.2%€36,030▼ 4.4%€34,367▼ 4.6%€37,190▲ 8.2%
Working capital-€29,600below the sector's middle half▲ 21.4%-€29,180below the sector's middle half▲ 1.4%-€21,309below the sector's middle half▲ 27.0%-€27,044below the sector's middle half▼ 26.9%-€35,100below the sector's middle half▼ 29.8%
Solvency-386.3%below the sector's middle half▲ 21.6pp-303.4%below the sector's middle half▲ 82.9pp-167.2%below the sector's middle half▲ 136.2pp-129.6%below the sector's middle half▲ 37.6pp-288.8%below the sector's middle half▼ 159.2pp
Current ratio0.21below the sector's middle half▲ 0.010.23below the sector's middle half▲ 0.020.38below the sector's middle half▲ 0.150.21below the sector's middle half▼ 0.160.06below the sector's middle half▼ 0.16
Return on assets (ROA)105.0%above the sector's middle half▲ 126.5pp13.3%within the sector's middle half▼ 91.7pp43.1%above the sector's middle half▲ 29.8pp21.0%above the sector's middle half▼ 22.1pp-86.0%below the sector's middle half▼ 107.0pp
above
within
below
the middle half (P25 to P75) of NACE 85, Education, 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 per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €8,135 after €3,224 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €9,565
Fixed assets
€7,475 ▼ 2.2%
Current assets
€2,090 ▼ 71.5%
Key figures and ratios
EBITDA
-€7,968▼
2023 · €3,391
Cash flow
-€8,057▼
2023 · €3,314
Debt to equity
-1.35▲
2023 · -1.77
Interest coverage
-89.63▼
2023 · 39.73
Debt ≤ 1 year
€37,190▲
2023 · €34,367
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €33,712 | €34,624 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €35,063 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €14 | €167 | €167 | €167 | = |
| Other operating charges640/8 | - | €125 | €887 | €509 | €782 | ▲ 53.4% |
| Gross operating margin9900 | €8,558 | €1,426 | €6,943 | €3,901 | -€7,186 | ▼ 284% |
| Operating profit (loss)9901 | €8,086 | €1,286 | €5,889 | €3,224 | -€8,135 | ▼ 352% |
| Financial income75/76B | - | €0 | €0 | €8 | €0 | ▼ 100% |
| Recurring financial income75 | - | €0 | €0 | €8 | €0 | ▼ 100% |
| Financial charges65/66B | - | €45 | €78 | €85 | €89 | ▲ 4.2% |
| Recurring financial charges65 | €42 | €45 | €78 | €85 | €89 | ▲ 4.2% |
| Profit (loss) for the period before taxes9903 | €8,044 | €1,241 | €5,810 | €3,147 | -€8,224 | ▼ 361% |
| Profit (loss) for the period9904 | €8,044 | €1,241 | €5,810 | €3,147 | -€8,224 | ▼ 361% |
| Profit (loss) for the period to be appropriated9905 | €8,044 | €1,241 | €5,810 | €3,147 | -€8,224 | ▼ 361% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7,662 | €9,346 | €13,482 | €14,966 | €9,565 | ▼ 36.1% |
| Fixed assets21/28 | - | €822 | €655 | €7,642 | €7,475 | ▼ 2.2% |
| Tangible fixed assets22/27 | - | €822 | €655 | €487 | €320 | ▼ 34.3% |
| Plant, machinery and equipment23 | - | €822 | €655 | €487 | €320 | ▼ 34.3% |
| Financial fixed assets28 | - | - | - | €7,155 | €7,155 | = |
| Current assets29/58 | €7,662 | €8,525 | €12,827 | €7,324 | €2,090 | ▼ 71.5% |
| Cash at bank and in hand54/58 | €7,662 | €8,505 | €12,807 | €7,324 | €2,090 | ▼ 71.5% |
| Deferred charges and accrued income490/1 | - | €20 | €20 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7,662 | €9,346 | €13,482 | €14,966 | €9,565 | ▼ 36.1% |
| Equity10/15 | -€29,600 | -€28,359 | -€22,548 | -€19,401 | -€27,625 | ▼ 42.4% |
| Contributions10/11 | - | €20,800 | €20,800 | €20,800 | €20,800 | = |
| Profit (loss) carried forward14 | -€50,400 | -€49,159 | -€43,348 | -€40,201 | -€48,425 | ▼ 20.5% |
| Amounts payable17/49 | €37,262 | €37,705 | €36,030 | €34,367 | €37,190 | ▲ 8.2% |
| Amounts payable within one year42/48 | €37,262 | €37,705 | €34,137 | €34,367 | €37,190 | ▲ 8.2% |
| Trade debts44 | €6,265 | €6,934 | €7,259 | €7,632 | €10,455 | ▲ 37.0% |
| Suppliers440/4 | - | €6,934 | €7,259 | €7,632 | €10,455 | ▲ 37.0% |
| Other amounts payable47/48 | - | €30,771 | €26,877 | €26,735 | €26,735 | = |
| Accrued charges and deferred income492/3 | - | - | €1,894 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,044 | €1,241 | €5,810 | €3,147 | -€8,224 | ▼ 361% |
| + Depreciation and write-downs630 | - | €14 | €167 | €167 | €167 | = |
| Operating cash flow (approximation) | €8,044 | €1,256 | €5,978 | €3,314 | -€8,057 | ▼ 343% |
| Investment in fixed assets (approximation) | - | - | €0 | -€7,155 | €0 | ▲ 100% |
| Change in cash | - | €843 | €4,303 | -€5,484 | -€5,234 | ▲ 4.6% |
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
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
31-12
Financial
Weakest financial yearnet -€8,224
Net result drops to -€8,224, the lowest in the series.
10-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 41 days late
2023
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 153 days late
2020
31-12
Financial
Back to profitnet €8,044
Net result €8,044 after one loss-making year.
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
2016
04-11
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 96 days late
2015
01-11
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 93 days late
2014
24-10
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 85 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, Vilvoorde · 1 establishment unit since 2011
Ground area
943 m²
Building footprint
141 m²
Volume, LiDAR
805 m³
Parcel 23066A0076/00G000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Martelarenstraat 78, 1800 Vilvoorde
since 20112.204.234.136
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23066A0076/00G000 | Flanders | 943 m² | 1 · 141 m² | 9.1 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 2,010 companies in sector 85520 we hold annual accounts for 121. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded19-05-2011
Fiscal year end31-12
Activities, NACEBEL 2025
85520Cultural education
14299Manufacture of wearing apparel
53200Other postal and courier activities
85599Other education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0836393386
Also
9925:BE0836393386
Registered
23-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.