MB Brussels
ActiveThe file of MB Brussels contains 2 judicial reorganisations, as published in the Belgian State Gazette. The annual accounts of MB Brussels for fiscal year 2025 show a net loss of 87% of the equity at the start of that year. The computed 12-month bankruptcy probability is ≥ 25% (high). The 2025 annual accounts show equity of €33k and a net result of €-217k. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 24% of 810 sector peers (fiscal year 2025).
Checked score
Score 2025
6
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-10
Solvency28▼-19
Growth32▼-20
Track record60
Bankruptcy probability, 12 months
≥ 25%
High
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.47 against 0.65 in 2024; short-term debt: 81.1% and cash: 6.1% of total assets), and 97% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
13 signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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 · 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 2025Solvency, return and age of the figures
Solvency
3%
Return on assets
-19.6%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-217k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 810 sector peers (2025).
NBB · sector comparisonPosition among 810 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-09-2026, 49 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 · 10 filingsDeviation from the deadline
2025
49 d late
2024
90 d late
2023
306 d late
2022
134 d late
2021
92 d late
2020
51 d late
2019
70 d late
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-217k▼ 184%
2024 · €-77k
2018: €13k
2019: €16k
2020: €36k
2021: €54k
2022: €5k
2023: €8k
2024: €-77k
2018 → 2025
Working capital
€-482k▼ 118%
2024 · €-221k
2018: €-9k
2019: €32k
2020: €200k
2021: €265k
2022: €-11k
2023: €-79k
2024: €-221k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€313k-€318k▲ 1.5%€326k▲ 2.6%€250k▼ 23.1%€33k▼ 86.8%
Operating result€70k-€-2k€34k€-60k€-271k▼ 350%
Net result€54k-€5k▼ 91.2%€8k▲ 70.2%€-77k€-217k▼ 184%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €271k in 2025 against €60k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.11M
Fixed assets
€692k▼ 2.1%
Current assets
€420k▲ 2.7%
Equity and liabilities €1.11M
Equity
€33k▼ 86.8%
Debt
€1.08M▲ 24.7%
The debt ratio rises from 77.5% to 97.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-256k▼
2024 · €-45k
Cash flow
€-203k▼
2024 · €-62k
Solvency
3.0%▼
2024 · 22.5%
Current ratio
0.47▼
2024 · 0.65
Quick ratio
0.35▼
2024 · 0.44
Debt / equity
32.58▲
2024 · 3.45
ROE
-656.5%▼
2024 · -30.6%
ROA
-19.6%▼
2024 · -6.9%
Interest coverage
-7.03▼
2024 · -1.26
Debt
€1.08M▲
2024 · €865k
Debt ≤ 1 year
€902k▲
2024 · €630k
Debt > 1 year
€177k▼
2024 · €235k
Income taxes
€41k
Staff costs
€278k▲
2024 · €202k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.12M€1.11M▼
Fixed assets21/28€707k€692k▼
Tangible fixed assets22/27€80k€65k▼
Other tangible fixed assets26€80k€65k▼
Financial fixed assets28€627k€627k=
Current assets29/58€409k€420k▲
Stocks and contracts in progress3€129k€104k▼
Stocks30/36€129k€104k▼
Amounts receivable within one year40/41€157k€166k▲
Trade receivables40€113k€34k▼
Other amounts receivable41€44k€131k▲
Cash at bank and in hand54/58€40k€68k▲
Deferred charges and accrued income490/1€82k€82k=
Equity and liabilities
Total equity and liabilities10/49€1.12M€1.11M▼
Equity10/15€250k€33k▼
Contributions10/11€150k€150k=
Capital10€150k€150k=
Issued capital100€150k€150k=
Reserves13€151k€151k=
Non-distributable reserves130/1€15k€15k=
Legal reserve130€15k€15k=
Tax-exempt reserves132€136k€136k=
Profit (loss) carried forward14€-50k€-268k▼
Amounts payable17/49€865k€1.08M▲
Amounts payable after more than one year17€235k€177k▼
Financial debts170/4€235k€177k▼
Amounts payable within one year42/48€630k€902k▲
Current portion of amounts payable after more than one year42€57k€59k▲
Trade debts44€233k€236k▲
Suppliers440/4€233k€236k▲
Taxes, remuneration and social security45€183k€332k▲
Taxes450/3€167k€274k▲
Remuneration and social security454/9€16k€58k▲
Other amounts payable47/48€157k€276k▲
Income statement
Code20242025
Remuneration, social security and pensions62€202k€278k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€15k▼
Other operating charges640/8€3k€2k▼
Non-recurring operating charges66A-€200
Gross operating margin9900€159k€24k▼
Operating profit (loss)9901€-60k€-271k▼
Financial income75/76B€19k€131k▲
Recurring financial income75€19k€131k▲
Non-recurring financial income76B€19k€131k▲
Financial charges65/66B€36k€36k▲
Recurring financial charges65€36k€36k▲
Profit (loss) for the period before taxes9903€-77k€-176k▼
Income taxes67/77-€41k
Profit (loss) for the period9904€-77k€-217k▼
Profit (loss) for the period to be appropriated9905€-77k€-217k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-50k€-268k▼
Profit (loss) brought forward from the previous period14P€26k€-50k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 49 days late
16-07
Judicial reorganisation
Plan homologation
Tribunal de l’entreprise francophone de Bruxelles · 20260070 · event 09-07-2026
02-04
Judicial reorganisation
Opening
Tribunal de l’entreprise francophone de Bruxelles · collectif_pme · event 25-03-2026
2025
31-12
Financial
Weakest financial yearnet €-217k
Net result drops to €-217k, the lowest in the series.
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 90 days late
02-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 306 days late
2023
12-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 134 days late
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 92 days late
2021
31-12
Financial
Highest result since 2018net €54k ▲52.2%
Operating result €70k, net result €54k, both a record.
20-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 51 days late
2020
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 70 days late
08-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 313 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 59 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 60 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
27-10-2025
Van Overbroeck Julie: Resigned as Director
31-12-2018
SATAM: Resigned as Director
31-12-2018
SATAM: Resigned as Managing director
19-09-2014
RAVO Francesco: Resigned as Director
19-09-2014
RAVO Francesco: Resigned as Managing director
31-12-2013
Fabien Feys: Resigned as Director
Location & real-estate footprint
Registered office, Brussel · 2 establishment units since 2012
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Waterloolaan 36-371000 BrusselGround area
1,188 m²
Building footprint
856 m²
Volume, LiDAR
8,159 m³
2 parcels, Brussels · tallest building 36.3 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Birdy
since 20122.208.968.825
The View
since 20202.304.703.865
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21808H1961/00E000 ProtectedSite or landscapeEgmontpark |
Brussels | 869 m² | 1 · 856 m² | 36.3 m · 3 fl. |
| 21819B0187/00M002 | Brussels | 319 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrussel2.208.968.825
Similar companies · same sector, comparable size
VEMA
BE 0465.196.954
Stabroek · Eq €33k
Luca De Griek Enterprises
BE 0784.875.795
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Café Pastis
BE 0654.849.077
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VALANVER
BE 0878.112.690
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LA ROMANA
BE 0434.669.767
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Of 14,023 companies in sector 56301 we hold annual accounts for 4,893. 4,117 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded13-04-2012
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
56301Cafés and bars
56302Nightclubs
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.