MB CO
ActiveSummary
MB CO has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €117,402 and a net result of €4,766. Equity is growing by ~5.3% per year across the filed fiscal years. Its solvency ranks better than 78% of 17179 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▲+69
Solvency100=
Growth35▼-17
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 1.96 against 2.54 in 2024; short-term debt: 17.4% and cash: 3.7% of total assets), and 17.4% of the assets are financed with debt.
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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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← 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
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
82.6%
Return on assets
3.4%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-03-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
36 d early
2023
23 d late
2022
23 d late
2021
30 d late
2020
27 d late
2019
29 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 9 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€26,212▼ 37.3%
2024 · €41,793
EBIT margin
20.1%▲ 29.3pp
2024 · -9.2%
Net result
€4,766
2024 · -€3,759
Working capital
€23,754▲ 23.3%
2024 · €19,267
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, 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
Line20212022202320242025
Turnover€41,793€26,212▼ 37.3%
Operating result€31,204▼ 21.9%-€14,261€3,526-€3,866€5,266
Net result€20,412within the sector's middle half▼ 16.8%-€9,805below the sector's middle half€3,329below the sector's middle half-€3,759below the sector's middle half€4,766within the sector's middle half
EBIT margin-9.2%20.1%▲ 29.3pp
Equity€122,871within the sector's middle half▲ 19.9%€113,065within the sector's middle half▼ 8.0%€116,394within the sector's middle half▲ 2.9%€112,636within the sector's middle half▼ 3.2%€117,402within the sector's middle half▲ 4.2%
Total assets€193,710within the sector's middle half▲ 9.4%€184,318within the sector's middle half▼ 4.8%€135,556within the sector's middle half▼ 26.5%€125,185within the sector's middle half▼ 7.7%€142,181within the sector's middle half▲ 13.6%
Debt€70,839▼ 5.1%€71,253▲ 0.6%€19,161▼ 73.1%€12,549▼ 34.5%€24,779▲ 97.5%
Working capital€15,079€10,397▼ 31.1%€20,290▲ 95.2%€19,267▼ 5.0%€23,754▲ 23.3%
Solvency63.4%within the sector's middle half▲ 5.6pp61.3%within the sector's middle half▼ 2.1pp85.9%above the sector's middle half▲ 24.5pp90.0%above the sector's middle half▲ 4.1pp82.6%above the sector's middle half▼ 7.4pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €5,266 after a loss of €3,866 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €142,181
Fixed assets
€93,648 ▲ 0.3%
Current assets
€48,533 ▲ 52.5%
Equity and liabilities €142,181
Equity
€117,402 ▲ 4.2%
Debt
€24,779 ▲ 97.5%
Debt's share of the balance-sheet total rises from 10.0% to 17.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€6,112▲
2024 · -€1,130
Cash flow
€5,612▲
2024 · -€1,024
Current ratio
1.96▼
2024 · 2.54
Debt to equity
0.21▲
2024 · 0.11
ROE
4.1%▲
2024 · -3.3%
ROA
3.4%▲
2024 · -3.0%
Interest coverage
11.18▲
2024 · -5.92
Debt ≤ 1 year
€24,779▲
2024 · €12,549
Income taxes
€528▲
2024 · €200
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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €41,793 | €26,212 | ▼ 37.3% |
| Non-recurring operating income76A | - | €441 | - | - | €1,944 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €42,272 | €20,201 | ▼ 52.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,113 | €8,905 | €6,564 | €2,735 | €846 | ▼ 69.1% |
| Other operating charges640/8 | €1,048 | €1,276 | €1,609 | €652 | €1,842 | ▲ 182% |
| Non-recurring operating charges66A | - | €3,458 | - | - | - | - |
| Gross operating margin9900 | €40,365 | -€623 | €11,699 | -€478 | €7,954 | ▲ 1,763% |
| Operating profit (loss)9901 | €31,204 | -€14,261 | €3,526 | -€3,866 | €5,266 | ▲ 236% |
| Financial income75/76B | €18 | €5,142 | €416 | €497 | €574 | ▲ 15.5% |
| Recurring financial income75 | €18 | €142 | €416 | €497 | €574 | ▲ 15.5% |
| Non-recurring financial income76B | - | €5,000 | - | - | - | - |
| Financial charges65/66B | €1,267 | €686 | €613 | €191 | €546 | ▲ 186% |
| Recurring financial charges65 | €1,267 | €686 | €613 | €191 | €546 | ▲ 186% |
| Profit (loss) for the period before taxes9903 | €29,955 | -€9,806 | €3,329 | -€3,559 | €5,294 | ▲ 249% |
| Income taxes67/77 | €9,543 | -€1 | - | €200 | €528 | ▲ 164% |
| Profit (loss) for the period9904 | €20,412 | -€9,805 | €3,329 | -€3,759 | €4,766 | ▲ 227% |
| Profit (loss) for the period to be appropriated9905 | €20,412 | -€9,805 | €3,329 | -€3,759 | €4,766 | ▲ 227% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €193,710 | €184,318 | €135,556 | €125,185 | €142,181 | ▲ 13.6% |
| Fixed assets21/28 | €107,792 | €102,668 | €96,104 | €93,369 | €93,648 | ▲ 0.3% |
| Tangible fixed assets22/27 | €15,792 | €10,668 | €4,104 | €1,369 | €1,648 | ▲ 20.4% |
| Land and buildings22 | €5,995 | €2,725 | - | - | - | - |
| Furniture and vehicles24 | €4,104 | €4,413 | €2,736 | €1,059 | €1,648 | ▲ 55.5% |
| Other tangible fixed assets26 | €5,692 | €3,530 | €1,368 | €310 | - | - |
| Financial fixed assets28 | €92,000 | €92,000 | €92,000 | €92,000 | €92,000 | = |
| Current assets29/58 | €85,919 | €81,649 | €39,451 | €31,816 | €48,533 | ▲ 52.5% |
| Amounts receivable after more than one year29 | - | - | €22,509 | €22,960 | €23,419 | ▲ 2.0% |
| Other amounts receivable291 | - | - | €22,509 | €22,960 | €23,419 | ▲ 2.0% |
| Amounts receivable within one year40/41 | €85,051 | €80,971 | €16,540 | €6,713 | €19,900 | ▲ 196% |
| Trade receivables40 | €25,520 | €19,364 | €16,532 | €4,696 | €16,806 | ▲ 258% |
| Other amounts receivable41 | €59,531 | €61,607 | €9 | €2,017 | €3,094 | ▲ 53.4% |
| Cash at bank and in hand54/58 | €282 | €54 | €3 | €1,846 | €5,214 | ▲ 182% |
| Deferred charges and accrued income490/1 | €586 | €624 | €399 | €298 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €193,710 | €184,318 | €135,556 | €125,185 | €142,181 | ▲ 13.6% |
| Equity10/15 | €122,871 | €113,065 | €116,394 | €112,636 | €117,402 | ▲ 4.2% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €14,412 | €14,412 | €14,412 | €14,412 | €14,412 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €12,552 | €12,552 | €12,552 | €12,552 | €12,552 | = |
| Profit (loss) carried forward14 | €102,259 | €92,453 | €95,782 | €92,023 | €96,790 | ▲ 5.2% |
| Amounts payable17/49 | €70,839 | €71,253 | €19,161 | €12,549 | €24,779 | ▲ 97.5% |
| Amounts payable within one year42/48 | €70,839 | €71,253 | €19,161 | €12,549 | €24,779 | ▲ 97.5% |
| Financial debts43 | - | €1,867 | €1,180 | - | - | - |
| Credit institutions430/8 | - | €1,867 | €1,180 | - | - | - |
| Trade debts44 | €53,468 | €54,171 | €16,383 | €12,351 | €22,375 | ▲ 81.2% |
| Suppliers440/4 | €53,468 | €54,171 | €16,383 | €12,351 | €22,375 | ▲ 81.2% |
| Advances received on contracts in progress46 | €5,879 | €9,854 | €532 | - | - | - |
| Taxes, remuneration and social security45 | €11,493 | €5,361 | €1,065 | €199 | €2,404 | ▲ 1,111% |
| Taxes450/3 | €11,493 | €5,361 | €1,065 | €199 | €2,404 | ▲ 1,111% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,412 | -€9,805 | €3,329 | -€3,759 | €4,766 | ▲ 227% |
| + Depreciation and write-downs630 | €8,113 | €8,905 | €6,564 | €2,735 | €846 | ▼ 69.1% |
| Operating cash flow (approximation) | €28,525 | -€900 | €9,894 | -€1,024 | €5,612 | ▲ 648% |
| Investment in fixed assets (approximation) | - | -€3,781 | €0 | €0 | -€1,124 | - |
| Change in cash | - | -€228 | -€51 | €1,843 | €3,368 | ▲ 82.8% |
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
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €4,766
Net result €4,766 after one loss-making year.
25-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
30-09
Financial
Back to profitnet €3,329
Net result €3,329 after one loss-making year.
23-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
30-09
Financial
Weakest financial yearnet -€9,805
Net result drops to -€9,805, the lowest in the series; recovery starts the following year.
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
27-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
30-09
Financial
Highest result since 2018net €24,545 ▲95.5%
Operating result €39,965, net result €24,545, both a record.
30-09
Financial
Equity above €100,000Eq €102,459 ▲31.5%
3 profitable years in a row build equity to €102,459.
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 29 days late
Show earlier events
2019
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
01-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 32 days late
2017
24-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
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, Chaumont-Gistoux · 1 establishment unit since 2002
Ground area
1,225 m²
Building footprint
319 m²
Volume, LiDAR
1,137 m³
Parcel 25025C0074/00K000, Wallonia · tallest building 5.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Rue de Louvranges, Dion-V. 15, 1325 Chaumont-Gistoux
since 20022.094.745.484
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25025C0074/00K000 | Wallonia | 1,225 m² | 1 · 319 m² | 5.5 m · 1 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 30-09-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the annual accounts to 30-09-2025 of MB CO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 30,007 companies in sector 62200 we hold annual accounts for 18,400. 15,506 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-03-2002
Fiscal year end30-09
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62100Computer programming
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477065992
Also
9925:BE0477065992
Registered
06-08-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.