MB Developments
ActiveMB Developments has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €936k and a net result of €70k. Equity is shrinking by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 70% of 9716 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability48▲+3
Solvency80▲+10
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days only on tighter terms
Liquidity ample (current ratio 2.16 against 2.96 in 2023; short-term debt: 22.8% and cash: 0.3% of total assets), and 44.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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 2024Solvency, return and age of the figures
Solvency
55.1%
Return on assets
4.1%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €936k
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-11-2025, 122 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
122 d late
2023
on the day
2022
on the day
2021
1 d early
2020
61 d late
2019
153 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€936k▲ 8.1%
2023 · €866k
2018: €996k
2019: €970k
2020: €931k
2021: €836k
2022: €809k
2023: €866k
2018 → 2024
Total assets
€1.70M▼ 11.0%
2023 · €1.91M
2018: €1.02M
2019: €990k
2020: €954k
2021: €863k
2022: €1.66M
2023: €1.91M
2018 → 2024
Net result
€70k▲ 23.9%
2023 · €57k
2018: €-55k
2019: €-26k
2020: €-38k
2021: €-95k
2022: €-27k
2023: €57k
2018 → 2024
Working capital
€450k▼ 35.1%
2023 · €694k
2018: €-24k
2019: €-20k
2020: €-22k
2021: €-26k
2022: €745k
2023: €694k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€931k-€836k▼ 10.2%€809k▼ 3.2%€866k▲ 7.0%€936k▲ 8.1%
Operating result€-38k-€-95k▼ 150%€-26k▲ 73.0%€92k€74k▼ 19.9%
Net result€-38k-€-95k▼ 149%€-27k▲ 71.7%€57k€70k▲ 23.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 20% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.70M
Fixed assets
€862k=
Current assets
€837k▼ 20.1%
Equity and liabilities €1.70M
Equity
€936k▲ 8.1%
Debt
€763k▼ 26.9%
The debt ratio falls from 54.7% to 44.9%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
55.1%▲
2023 · 45.3%
Current ratio
2.16▼
2023 · 2.96
Quick ratio
0.05▼
2023 · 0.95
Debt / equity
0.82▼
2023 · 1.21
ROE
7.5%▲
2023 · 6.5%
ROA
4.1%▲
2023 · 3.0%
Debt
€763k▼
2023 · €1.04M
Debt ≤ 1 year
€387k▲
2023 · €354k
Debt > 1 year
€374k▼
2023 · €595k
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€1.91M€1.70M▼
Fixed assets21/28€862k€862k=
Tangible fixed assets22/27€862k€862k=
Land and buildings22€862k€862k=
Current assets29/58€1.05M€837k▼
Stocks and contracts in progress3€711k€819k▲
Stocks30/36€711k€819k▲
Amounts receivable within one year40/41€335k€13k▼
Trade receivables40€326k€568▼
Other amounts receivable41€9k€12k▲
Cash at bank and in hand54/58€2k€6k▲
Equity and liabilities
Total equity and liabilities10/49€1.91M€1.70M▼
Equity10/15€866k€936k▲
Contributions10/11€300k€300k=
Capital10€300k€300k=
Issued capital100€300k€300k=
Revaluation surpluses12€815k€815k=
Reserves13€58k€58k=
Non-distributable reserves130/1€29k€29k=
Legal reserve130€29k€29k=
Tax-exempt reserves132€29k€29k=
Profit (loss) carried forward14€-307k€-237k▲
Amounts payable17/49€1.04M€763k▼
Amounts payable after more than one year17€595k€374k▼
Financial debts170/4€595k€374k▼
Amounts payable within one year42/48€354k€387k▲
Trade debts44€16k€6k▼
Suppliers440/4€16k€6k▼
Taxes, remuneration and social security45€62k-
Taxes450/3€62k-
Other amounts payable47/48€276k€381k▲
Accrued charges and deferred income492/3€96k€2k▼
Income statement
Code20232024
Other operating charges640/8€2k€2k▼
Gross operating margin9900€94k€75k▼
Operating profit (loss)9901€92k€74k▼
Financial charges65/66B€35k€3k▼
Recurring financial charges65€35k€3k▼
Profit (loss) for the period before taxes9903€57k€70k▲
Profit (loss) for the period9904€57k€70k▲
Profit (loss) for the period to be appropriated9905€57k€70k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-307k€-237k▲
Profit (loss) brought forward from the previous period14P€-364k€-307k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 122 days late
2024
31-12
Financial
Highest result since 2018net €70k ▲23.9%
Net result €70k, the highest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €57k
Net result €57k after 5 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity times 469current ratio 15.27
Current ratio from 0.03 to 15.27.
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-95k
Net result drops to €-95k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
31-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 153 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-07
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
9 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, Hasselt · 1 establishment unit since 1983
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.
Aldestraat 443500 HasseltGround area
1,455 m²
Building footprint
203 m²
Parcel 71022H1475/00A000, Flanders. Linked by address, not a title deed.
1 establishment unit
MB Developments
since 19832.023.508.387
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71022H1475/00A000 | Flanders | 1,455 m² | 1 · 203 m² | - |
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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
Konfido
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ACSO Invest
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Diepenbeek · Eq €938k
FERME DU CHATEAU DE WASSEIGES
BE 0890.019.837
Namur · Eq €934k
SWINNEN BOUWPROJECTEN
BE 0865.095.587
Balen · Eq €931k
DE VIER WINDEN
BE 0436.868.994
Brugge · Eq €931k
Of 9,695 companies in sector 68121 we hold annual accounts for 7,381. 4,009 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded13-12-1983
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 41 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.