MB Developments
ActiveSummary
MB Developments has been active since 1983 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €936,014 and a net result of €70,257. Equity has been shrinking by about 2.8% per year since 2018. Its solvency ranks better than 70% of 9,647 sector peers (NACE 68, financial year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Overview
Official details
Source: KBO- Status
- Active since 13-12-1983 Normal situation
- Activity
- Development of residential building projects NACE 68121
- Establishment unit
- 2.023.508.387 3500 Hasselt, since 21-12-1983
- Financial year end
- 31 December
- Peppol
- Reachable
Board and ownership
- Group MC NVDirector
- Viclo BVDirector
- MB PROJECTS99%· score 482024 annual accounts of MB PROJECTS
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.2%
- Gross margin
- €75,356
- ▼ 19.9%
- Turnover
- ≈ €190,000
- estimated
- Profit
- €70,257
- ▲ 23.9%
- Equity
- €936,014
- ▲ 8.1%
- Total assets
- €1.7m
- ▼ 11.0%
- 2025 accounts not filed, 97 days past the deadline
Score breakdownraises riskCapped at 59: a confirmed filing findingFigures for financial year 2024 (filed on 30-11-2025)Liquidity: current ratio 2.16, cash €5,7261 financial year not filed after the legal deadline; last filed accounts filed 122 days late; 1 of the last 3 accounts latelowers riskFounded in 1983Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 68% of them on solvency, 36% on liquidity, 41% on profitability and 64% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 6 accounts on average 56 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (1)
Recent changes
- · Gazette deed Company renamed from INTERMOTEL to MB Developments“zoals hierna bepaald onder vijfde besluit” (deed in Dutch)
Comparable companies
These companies have the same main activity as MB Developments: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €1.6m and €2.1m, founded between 1978 and 1988.
| Company | Total assets | Gross margin |
|---|---|---|
| MB Developments Hasselt | €1.7m | €0.08m |
| Reynders Vermogensbeheer- en Investeringsmaatschappij Brugge | €1.9m | €0.09m |
| Société immobilière Garo Ukkel | €1.6m | €0.08m |
| HK Investment Charleroi | €1.8m | €0.09m |
| IMMO - MATT Leuven | €1.8m | €0.07m |
| IMMOBILIERE DE BOIS BORSU Gedinne | €2.1m | €0.06m |
| DOUVIER Antwerpen | €2.1m | €0.09m |
Key facts about MB Developments
- What is the company number of MB Developments?
- The company number of MB Developments is 0424.930.175. The VAT number is the same number with BE in front: BE 0424.930.175.
- Where is MB Developments based?
- The registered office is at Aldestraat 44, 3500 Hasselt.Company details
- What does MB Developments do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of MB Developments?
- The legal form of MB Developments is Public limited company (NV).
- When was MB Developments founded?
- MB Developments was founded on 13-12-1983.
- Is MB Developments still active?
- Yes, MB Developments is an active enterprise in the KBO register.
- What is the turnover of MB Developments?
- The turnover in financial year 2024 is ≈ €190,000. This figure is estimated from the gross margin of €75,356 and 48 comparable companies (NACE 681). It probably lies between €100,000 and €390,000.Financials
- Is MB Developments profitable?
- In financial year 2024, MB Developments made a profit of €70,257.
- Where can I find the annual accounts of MB Developments?
- MB Developments filed 41 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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