MB CONCEPT
ActiveSummary
The computed 12-month bankruptcy probability of MB CONCEPT is 3.2% (moderate). The 2024 annual accounts show negative equity (-€1,634) and a net result of €3,652. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 27% of 1762 sector peers (fiscal year 2024). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability40▼-1
Solvency24▲+1
Growth49=
Track record100
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.66 against 0.67 in 2023; short-term debt: 77.5% and cash: 12% 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
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
Food and beverage service activities (NACE 56)
about 206% more 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
-0.9%
Return on assets
2%
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-08-2025, 10 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
not confirmed
2024
10 d late
2023
5 d late
2022
25 d early
2021
19 d early
2020
38 d early
2019
57 d early
← 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 21 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
€673,204▼ 0.6%
2023 · €677,413
EBIT margin
2.2%▲ 0.4pp
2023 · 1.8%
Net result
€3,652▼ 4.8%
2023 · €3,837
Working capital
-€47,120▲ 20.1%
2023 · -€58,993
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service 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
Line20202021202220232024
Turnover€361,314▼ 51.3%€352,364▼ 2.5%€630,078▲ 78.8%€677,413▲ 7.5%€673,204▼ 0.6%
Operating result-€66,014-€24,087▲ 63.5%€18,759€12,479▼ 33.5%€14,990▲ 20.1%
Net result-€70,614below the sector's middle half-€31,503below the sector's middle half▲ 55.4%€1,350within the sector's middle half€3,837within the sector's middle half▲ 184%€3,652within the sector's middle half▼ 4.8%
EBIT margin-18.3%▼ 20.4pp-6.8%▲ 11.4pp3.0%▲ 9.8pp1.8%▼ 1.1pp2.2%▲ 0.4pp
Equity€21,030within the sector's middle half▼ 77.1%-€10,473below the sector's middle half-€9,123below the sector's middle half▲ 12.9%-€5,286within the sector's middle half▲ 42.1%-€1,634within the sector's middle half▲ 69.1%
Total assets€226,649above the sector's middle half▼ 12.7%€254,356within the sector's middle half▲ 12.2%€221,795within the sector's middle half▼ 12.8%€214,217within the sector's middle half▼ 3.4%€181,550within the sector's middle half▼ 15.2%
Debt€205,619▲ 22.5%€264,829▲ 28.8%€230,918▼ 12.8%€219,503▼ 4.9%€183,184▼ 16.5%
Working capital€44,730above the sector's middle half▼ 62.2%€35,661within the sector's middle half▼ 20.3%-€49,163within the sector's middle half-€58,993within the sector's middle half▼ 20.0%-€47,120within the sector's middle half▲ 20.1%
Solvency9.3%within the sector's middle half▼ 26.0pp-4.1%below the sector's middle half▼ 13.4pp-4.1%within the sector's middle half=-2.5%within the sector's middle half▲ 1.6pp-0.9%within the sector's middle half▲ 1.6pp
Current ratio1.39within the sector's middle half▼ 1.371.24within the sector's middle half▼ 0.150.71within the sector's middle half▼ 0.530.67within the sector's middle half▼ 0.040.66within the sector's middle half=
Return on assets (ROA)-31.2%below the sector's middle half▼ 33.2pp-12.4%below the sector's middle half▲ 18.8pp0.6%within the sector's middle half▲ 13.0pp1.8%within the sector's middle half▲ 1.2pp2.0%within the sector's middle half▲ 0.2pp
Staff (FTE)4.9within the sector's middle half4.9within the sector's middle half=4.9within the sector's middle half=5.1within the sector's middle half▲ 4.1%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 20% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €181,550
Fixed assets
€88,017 ▼ 8.5%
Current assets
€93,533 ▼ 20.7%
Key figures and ratios
EBITDA
€23,390▲
2023 · €22,583
Cash flow
€12,053▼
2023 · €13,941
Quick ratio
0.61▼
2023 · 0.63
Interest coverage
2.70▼
2023 · 2.94
Debt ≤ 1 year
€140,653▼
2023 · €176,972
Debt > 1 year
€42,531=
2023 · €42,531
Income taxes
€2,685▲
2023 · €967
Staff costs
€278,410▼
2023 · €293,397
A ratio outside any meaningful range has been withheld (balance sheet total €181,550, equity -€1,634).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,448 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit under 5% of the balance sheet
2.5%
went bankrupt
4.8%
stopped otherwise
92%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.2% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 1,448 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €361,314 | €352,364 | €630,078 | €677,413 | €673,204 | ▼ 0.6% |
| Goods, raw materials, services and sundry goods60/61 | €298,511 | €270,108 | €378,189 | €359,701 | €371,204 | ▲ 3.2% |
| Remuneration, social security and pensions62 | €116,437 | €95,985 | €218,606 | €293,397 | €278,410 | ▼ 5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,232 | €10,148 | €14,423 | €10,103 | €8,401 | ▼ 16.9% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €6 | - | - | - | - |
| Other operating charges640/8 | - | €130 | €100 | €112 | €86 | ▼ 23.1% |
| Non-recurring operating charges66A | €148 | €74 | - | €1,621 | €116 | ▼ 92.8% |
| Gross operating margin9900 | €62,803 | €82,255 | €251,889 | €317,713 | €302,003 | ▼ 4.9% |
| Operating profit (loss)9901 | -€66,014 | -€24,087 | €18,759 | €12,479 | €14,990 | ▲ 20.1% |
| Financial income75/76B | €3,763 | €392 | €823 | - | €0 | - |
| Recurring financial income75 | €542 | €392 | €823 | - | €0 | - |
| Non-recurring financial income76B | €3,220 | - | - | - | €0 | - |
| Financial charges65/66B | €3,969 | €7,508 | €10,702 | €7,675 | €8,653 | ▲ 12.7% |
| Recurring financial charges65 | €3,969 | €7,508 | €10,074 | €7,675 | €8,653 | ▲ 12.7% |
| Non-recurring financial charges66B | - | - | €628 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€66,221 | -€31,203 | €8,881 | €4,804 | €6,337 | ▲ 31.9% |
| Income taxes67/77 | €4,394 | €300 | €7,531 | €967 | €2,685 | ▲ 178% |
| Profit (loss) for the period9904 | -€70,614 | -€31,503 | €1,350 | €3,837 | €3,652 | ▼ 4.8% |
| Profit (loss) for the period to be appropriated9905 | -€70,614 | -€31,503 | €1,350 | €3,837 | €3,652 | ▼ 4.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €226,649 | €254,356 | €221,795 | €214,217 | €181,550 | ▼ 15.2% |
| Fixed assets21/28 | €65,791 | €67,800 | €103,275 | €96,238 | €88,017 | ▼ 8.5% |
| Intangible fixed assets21 | - | €0 | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €28,704 | €30,713 | €66,188 | €59,151 | €50,930 | ▼ 13.9% |
| Plant, machinery and equipment23 | €8,418 | €4,491 | €3,140 | €1,881 | €1,252 | ▼ 33.4% |
| Furniture and vehicles24 | €5,286 | €3,293 | €43,439 | €40,304 | €34,570 | ▼ 14.2% |
| Other tangible fixed assets26 | €14,999 | €22,929 | €19,609 | €16,966 | €15,108 | ▼ 11.0% |
| Financial fixed assets28 | €37,087 | €37,087 | €37,087 | €37,087 | €37,087 | = |
| Current assets29/58 | €160,858 | €186,556 | €118,520 | €117,979 | €93,533 | ▼ 20.7% |
| Stocks and contracts in progress3 | €5,638 | €7,322 | €6,822 | €6,729 | €7,045 | ▲ 4.7% |
| Stocks30/36 | €5,638 | €7,322 | €6,822 | €6,729 | €7,045 | ▲ 4.7% |
| Amounts receivable within one year40/41 | €70,584 | €67,020 | €42,855 | €57,827 | €38,652 | ▼ 33.2% |
| Trade receivables40 | €3,169 | €26,306 | €8,091 | €16,965 | €5,791 | ▼ 65.9% |
| Other amounts receivable41 | €67,415 | €40,714 | €34,764 | €40,862 | €32,862 | ▼ 19.6% |
| Cash at bank and in hand54/58 | €10,550 | €56,672 | €31,848 | €6,787 | €21,848 | ▲ 222% |
| Deferred charges and accrued income490/1 | €74,086 | €55,542 | €36,995 | €46,637 | €25,988 | ▼ 44.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €226,649 | €254,356 | €221,795 | €214,217 | €181,550 | ▼ 15.2% |
| Equity10/15 | €21,030 | -€10,473 | -€9,123 | -€5,286 | -€1,634 | ▲ 69.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €570 | -€30,933 | -€29,583 | -€25,746 | -€22,094 | ▲ 14.2% |
| Amounts payable17/49 | €205,619 | €264,829 | €230,918 | €219,503 | €183,184 | ▼ 16.5% |
| Amounts payable after more than one year17 | €89,491 | €113,934 | €63,236 | €42,531 | €42,531 | = |
| Financial debts170/4 | €53,214 | €77,657 | €26,959 | €6,253 | €6,253 | = |
| Other amounts payable178/9 | €36,277 | €36,277 | €36,277 | €36,277 | €36,277 | = |
| Amounts payable within one year42/48 | €116,128 | €150,895 | €167,683 | €176,972 | €140,653 | ▼ 20.5% |
| Current portion of amounts payable after more than one year42 | €51,019 | €63,527 | €68,663 | €48,191 | €28,076 | ▼ 41.7% |
| Financial debts43 | €8,912 | - | - | - | - | - |
| Credit institutions430/8 | €8,912 | - | - | - | - | - |
| Trade debts44 | €41,390 | €36,954 | €34,892 | €60,661 | €51,034 | ▼ 15.9% |
| Suppliers440/4 | €41,390 | €36,954 | €34,892 | €60,661 | €51,034 | ▼ 15.9% |
| Taxes, remuneration and social security45 | €14,806 | €50,413 | €64,127 | €68,120 | €61,543 | ▼ 9.7% |
| Taxes450/3 | - | €24,081 | €25,240 | €25,629 | €26,226 | ▲ 2.3% |
| Remuneration and social security454/9 | €14,806 | €26,332 | €38,887 | €42,492 | €35,317 | ▼ 16.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€70,614 | -€31,503 | €1,350 | €3,837 | €3,652 | ▼ 4.8% |
| + Depreciation and write-downs630 | €12,232 | €10,148 | €14,423 | €10,103 | €8,401 | ▼ 16.9% |
| Operating cash flow (approximation) | -€58,382 | -€21,355 | €15,773 | €13,941 | €12,053 | ▼ 13.5% |
| Investment in fixed assets (approximation) | - | -€12,157 | -€49,899 | -€3,066 | -€180 | ▲ 94.1% |
| Change in cash | - | €46,122 | -€24,824 | -€25,061 | €15,061 | ▲ 160% |
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
10-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 10 days late
2024
05-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 5 days late
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €1,350
Net result €1,350 after 2 loss-making years.
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€70,614
Net result drops to -€70,614, the lowest in the series; recovery starts the following year.
04-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €5,234 ▲57.9%
Net result €5,234, the highest in the series.
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
08-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
12-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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 2005
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.
Guldenvliesgalerij 91050 Elsene1 establishment unit
MB Concept
since 20052.146.389.571
Recognitions · licences · registrations
Food safety, FASFC
1 siteElsene2.146.389.571
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Of 20,509 companies in sector 56111 we hold annual accounts for 11,464. 8,892 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
Founded26-03-2004
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0864345818
Registered
18-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.