MB - CONTRACTORS
ActiveMB - CONTRACTORS has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €132k and a net result of €-11k. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 87% of 36377 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-18
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 6.15 against 10.48 in 2023), and 18.8% of the assets are financed with debt.
Credit advice for your own amount and term
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 43
Relative position
BE, all sectors
reference
Sector 43
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 2024Solvency, return and age of the figures
Solvency
81.2%
Return on assets
-6.6%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-06-2025, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
50 d early
2023
48 d early
2022
41 d early
2021
40 d early
2020
25 d early
2019
17 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€132k▼ 7.5%
2023 · €143k
2018: €107k
2019: €127k
2020: €132k
2021: €136k
2022: €137k
2023: €143k
2018 → 2024
Total assets
€162k▼ 4.6%
2023 · €170k
2018: €152k
2019: €160k
2020: €154k
2021: €144k
2022: €172k
2023: €170k
2018 → 2024
Net result
€-11k
2023 · €5k
2018: €11k
2019: €19k
2020: €5k
2021: €4k
2022: €2k
2023: €5k
2018 → 2024
Working capital
€113k▼ 6.7%
2023 · €121k
2018: €90k
2019: €108k
2020: €112k
2021: €120k
2022: €110k
2023: €121k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€132k-€136k▲ 2.7%€137k▲ 1.2%€143k▲ 3.8%€132k▼ 7.5%
Operating result€9k-€7k▼ 19.3%€5k▼ 24.4%€12k▲ 120%€-9k
Net result€5k-€4k▼ 31.3%€2k▼ 53.7%€5k▲ 210%€-11k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €9k after €12k in 2023, the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €162k
Fixed assets
€27k▼ 24.8%
Current assets
€135k▲ 0.8%
Equity and liabilities €162k
Equity
€132k▼ 7.5%
Debt
€31k▲ 10.2%
The debt ratio rises from 16.3% to 18.8%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-2k▼
2023 · €19k
Cash flow
€-4k▼
2023 · €12k
Solvency
81.2%▼
2023 · 83.7%
Current ratio
6.15▼
2023 · 10.48
Quick ratio
6.15▼
2023 · 10.48
Debt / equity
0.23▲
2023 · 0.19
ROE
-8.1%▼
2023 · 3.6%
ROA
-6.6%▼
2023 · 3.1%
Interest coverage
-1.89▼
2023 · 7.53
Debt
€31k▲
2023 · €28k
Debt ≤ 1 year
€22k▲
2023 · €13k
Debt > 1 year
€9k▼
2023 · €15k
Income taxes
€332▼
2023 · €4k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€170k€162k▼
Fixed assets21/28€36k€27k▼
Tangible fixed assets22/27€23k€16k▼
Furniture and vehicles24€23k€16k▼
Financial fixed assets28€13k€11k▼
Current assets29/58€134k€135k▲
Amounts receivable within one year40/41€121k€129k▲
Trade receivables40€99k€95k▼
Other amounts receivable41€22k€34k▲
Cash at bank and in hand54/58€9k-
Deferred charges and accrued income490/1€4k€6k▲
Equity and liabilities
Total equity and liabilities10/49€170k€162k▼
Equity10/15€143k€132k▼
Contributions10/11€19k€19k=
Reserves13€28k€28k=
Non-distributable reserves130/1€20k-
Reserves not available under the articles1311€20k-
Distributable reserves133€8k€28k▲
Profit (loss) carried forward14€96k€85k▼
Amounts payable17/49€28k€31k▲
Amounts payable after more than one year17€15k€9k▼
Financial debts170/4€15k€9k▼
Amounts payable within one year42/48€13k€22k▲
Current portion of amounts payable after more than one year42€6k€6k▲
Financial debts43-€10k
Credit institutions430/8-€10k
Trade debts44€874€1k▲
Suppliers440/4€874€1k▲
Taxes, remuneration and social security45€6k€4k▼
Taxes450/3€6k€4k▼
Income statement
Code20232024
Non-recurring operating income76A-€3k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k=
Other operating charges640/8€163€172▲
Gross operating margin9900€19k€-2k▼
Operating profit (loss)9901€12k€-9k▼
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€9k€-10k▼
Income taxes67/77€4k€332▼
Profit (loss) for the period9904€5k€-11k▼
Profit (loss) for the period to be appropriated9905€5k€-11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€101k€85k▼
Profit (loss) brought forward from the previous period14P€96k€96k=
Transfer to equity691/2€5k-
To other reserves6921€5k-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-11k ▼307%
Net result drops to €-11k, the lowest in the series.
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 14.98
Current ratio from 6.18 to 14.98; short-term debt falls from €22k to €9k.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €19k ▲75.5%
Operating result €32k, net result €19k, both a record.
12-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
24-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Herselt · 1 establishment unit since 1993
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.
Averbodesesteenweg 332230 HerseltGround area
1,106 m²
Building footprint
278 m²
Volume, LiDAR
1,454 m³
Parcel 13013E0342/00K000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MB-CONTRACTORS
since 19932.064.404.478
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13013E0342/00K000 | Flanders | 1,106 m² | 1 · 278 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
3 categoriesMB - CONTRACTORS BV41868
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Of 7,247 companies in sector 43350 we hold annual accounts for 2,333. 1,905 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-10-1993
Fiscal year end31-12
Activities, NACEBEL
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.