MB Distribution
ActiveSummary
MB Distribution has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €117,090 and a net result of €26,212. Equity is growing by ~13% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability64▼-6
Solvency50▲+1
Growth85=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity tight (current ratio 1.28 against 1.26 in 2024; short-term debt: 74.7% and cash: 47.2% of total assets), and 74.7% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
25.3%
Return on assets
5.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-05-2026, 64 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
64 d early
2024
27 d early
2023
20 d late
2022
10 d late
2021
52 d late
2020
2 d late
2019
14 d early
← 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 3 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 10 August (4 of the last 5 filed years within 42 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, unclassified schema
Turnover
€2.0m▲ 19.7%
2024 · €1.7m
EBIT margin
4.1%▼ 2.3pp
2024 · 6.4%
Net result
€26,212▼ 42.5%
2024 · €45,554
Working capital
€97,631▲ 6.1%
2024 · €91,977
Trend over the years
In euros
In per cent
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€1.2m▲ 38.7%€981,789▼ 18.6%€1.5m▲ 57.1%€1.7m▲ 9.3%€2.0m▲ 19.7%
Operating result€67,014▼ 13.1%€61,740▼ 7.9%€97,155▲ 57.4%€108,665▲ 11.8%€82,696▼ 23.9%
Net result€32,459▼ 14.9%€30,270▼ 6.7%€36,636▲ 21.0%€45,554▲ 24.3%€26,212▼ 42.5%
EBIT margin5.6%▼ 3.3pp6.3%▲ 0.7pp6.3%=6.4%▲ 0.1pp4.1%▼ 2.3pp
Equity€81,276▲ 9.0%€85,832▲ 5.6%€96,754▲ 12.7%€116,593▲ 20.5%€117,090▲ 0.4%
Total assets€252,799▲ 28.5%€352,392▲ 39.4%€469,902▲ 33.3%€477,074▲ 1.5%€462,470▼ 3.1%
Debt€171,523▲ 40.3%€266,560▲ 55.4%€373,149▲ 40.0%€360,481▼ 3.4%€345,379▼ 4.2%
Working capital€79,711▲ 12.4%€63,836▼ 19.9%€71,745▲ 12.4%€91,977▲ 28.2%€97,631▲ 6.1%
Staff (FTE)1▲ 42.9%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 24% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €462,470
Fixed assets
€19,459 ▼ 39.2%
Current assets
€443,010 ▼ 0.5%
Equity and liabilities €462,470
Equity
€117,090 ▲ 0.4%
Debt
€345,379 ▼ 4.2%
Debt's share of the balance-sheet total falls from 75.6% to 74.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€95,246▼
2024 · €121,492
Cash flow
€38,761▼
2024 · €58,381
Current ratio
1.28▲
2024 · 1.26
Quick ratio
1.16▼
2024 · 1.26
Debt to equity
2.95▼
2024 · 3.09
ROE
22.4%▼
2024 · 39.1%
ROA
5.7%▼
2024 · 9.5%
Interest coverage
225.20▲
2024 · 160.22
Debt ≤ 1 year
€345,379▼
2024 · €353,088
Income taxes
€12,703▼
2024 · €19,715
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,613 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
2.0%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 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% | 1.8% |
| 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 2,613 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €1.2m | €1.0m | €1.6m | €1.7m | €2.0m | ▲ 19.6% |
| Turnover70 | €1.2m | €981,789 | €1.5m | €1.7m | €2.0m | ▲ 19.7% |
| Other operating income74 | €10,955 | €5,731 | €12,236 | €10,221 | €10,693 | ▲ 4.6% |
| Non-recurring operating income76A | - | €12,555 | - | - | - | - |
| Operating charges60/66A | €1.1m | €938,335 | €1.5m | €1.6m | €1.9m | ▲ 22.6% |
| Goods for resale, raw materials and consumables60 | €873,516 | €593,956 | €954,900 | €1.1m | €1.4m | ▲ 27.9% |
| Purchases600/8 | €873,516 | €593,956 | €954,900 | €1.1m | €1.4m | ▲ 31.6% |
| Change in stocks: decrease (increase)609 | - | - | - | - | -€41,310 | - |
| Services and other goods61 | €241,903 | €334,498 | €487,748 | €474,133 | €528,035 | ▲ 11.4% |
| Remuneration, social security and pensions62 | €31,256 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,043 | €5,869 | €12,310 | €12,827 | €12,549 | ▼ 2.2% |
| Other operating charges640/8 | €1,015 | €4,012 | €2,593 | €3,521 | €2,436 | ▼ 30.8% |
| Operating profit (loss)9901 | €67,014 | €61,740 | €97,155 | €108,665 | €82,696 | ▼ 23.9% |
| Financial income75/76B | - | €106 | €35 | €138 | €2 | ▼ 98.4% |
| Recurring financial income75 | - | €106 | €35 | €138 | €2 | ▼ 98.4% |
| Income from current assets751 | - | - | - | €138 | - | - |
| Other financial income752/9 | - | €106 | €35 | €0 | €2 | ▲ 610% |
| Financial charges65/66B | €20,814 | €19,307 | €42,824 | €43,534 | €43,784 | ▲ 0.6% |
| Recurring financial charges65 | €20,814 | €19,307 | €42,824 | €43,534 | €43,784 | ▲ 0.6% |
| Debt charges650 | €141 | €619 | - | €758 | €423 | ▼ 44.2% |
| Other financial charges652/9 | €20,673 | €18,689 | €42,824 | €42,776 | €43,361 | ▲ 1.4% |
| Profit (loss) for the period before taxes9903 | €46,200 | €42,539 | €54,366 | €65,269 | €38,915 | ▼ 40.4% |
| Income taxes67/77 | €13,741 | €12,269 | €17,731 | €19,715 | €12,703 | ▼ 35.6% |
| Taxes670/3 | €20,000 | €40,000 | €17,731 | €20,000 | €20,000 | = |
| Tax adjustments and reversals of tax provisions77 | €6,259 | €27,731 | - | €285 | €7,297 | ▲ 2,462% |
| Profit (loss) for the period9904 | €32,459 | €30,270 | €36,636 | €45,554 | €26,212 | ▼ 42.5% |
| Profit (loss) for the period to be appropriated9905 | €32,459 | €30,270 | €36,636 | €45,554 | €26,212 | ▼ 42.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €252,799 | €352,392 | €469,902 | €477,074 | €462,470 | ▼ 3.1% |
| Fixed assets21/28 | €1,565 | €53,963 | €44,836 | €32,009 | €19,459 | ▼ 39.2% |
| Tangible fixed assets22/27 | €1,565 | €53,963 | €44,836 | €32,009 | €19,459 | ▼ 39.2% |
| Furniture and vehicles24 | €1,565 | €550 | €2,911 | €1,573 | €512 | ▼ 67.5% |
| Leasing and similar rights25 | - | €53,413 | €41,924 | €30,436 | €18,948 | ▼ 37.7% |
| Current assets29/58 | €251,234 | €298,429 | €425,067 | €445,065 | €443,010 | ▼ 0.5% |
| Stocks and contracts in progress3 | - | - | - | - | €41,310 | - |
| Stocks30/36 | - | - | - | - | €41,310 | - |
| Goods purchased for resale34 | - | - | - | - | €41,310 | - |
| Amounts receivable within one year40/41 | €21,465 | €96,667 | €155,934 | €128,623 | €180,182 | ▲ 40.1% |
| Trade receivables40 | €10,825 | €64,617 | €108,037 | €69,551 | €133,740 | ▲ 92.3% |
| Other amounts receivable41 | €10,640 | €32,051 | €47,897 | €59,072 | €46,442 | ▼ 21.4% |
| Cash at bank and in hand54/58 | €229,769 | €194,988 | €269,133 | €316,442 | €218,502 | ▼ 31.0% |
| Deferred charges and accrued income490/1 | - | €6,774 | - | - | €3,017 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €252,799 | €352,392 | €469,902 | €477,074 | €462,470 | ▼ 3.1% |
| Equity10/15 | €81,276 | €85,832 | €96,754 | €116,593 | €117,090 | ▲ 0.4% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | €60,825 | €65,381 | €76,302 | €96,142 | €96,639 | ▲ 0.5% |
| Amounts payable17/49 | €171,523 | €266,560 | €373,149 | €360,481 | €345,379 | ▼ 4.2% |
| Amounts payable after more than one year17 | - | €31,967 | €19,828 | €7,393 | - | - |
| Financial debts170/4 | - | €31,967 | €19,828 | €7,393 | - | - |
| Leasing and similar obligations172 | - | €31,967 | €19,828 | €7,393 | - | - |
| Amounts payable within one year42/48 | €171,523 | €234,592 | €353,321 | €353,088 | €345,379 | ▼ 2.2% |
| Current portion of amounts payable after more than one year42 | - | €11,852 | €12,140 | €12,435 | €7,393 | ▼ 40.5% |
| Trade debts44 | €142,293 | €184,198 | €234,059 | €228,728 | €241,386 | ▲ 5.5% |
| Suppliers440/4 | €142,293 | €184,198 | €234,059 | €228,728 | €241,386 | ▲ 5.5% |
| Taxes, remuneration and social security45 | €3,515 | €12,828 | €81,408 | €86,211 | €70,462 | ▼ 18.3% |
| Taxes450/3 | €2,730 | €12,541 | €81,122 | €86,211 | €70,462 | ▼ 18.3% |
| Remuneration and social security454/9 | €785 | €287 | €287 | - | - | - |
| Other amounts payable47/48 | €25,714 | €25,714 | €25,714 | €25,714 | €26,138 | ▲ 1.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,459 | €30,270 | €36,636 | €45,554 | €26,212 | ▼ 42.5% |
| + Depreciation and write-downs630 | €2,043 | €5,869 | €12,310 | €12,827 | €12,549 | ▼ 2.2% |
| Operating cash flow (approximation) | €34,502 | €36,139 | €48,946 | €58,381 | €38,761 | ▼ 33.6% |
| Investment in fixed assets (approximation) | - | -€58,267 | -€3,183 | €0 | €0 | - |
| Change in cash | - | -€34,781 | €74,146 | €47,309 | -€97,941 | ▼ 307% |
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
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · unclassified schema
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
2024
31-12
Financial
Highest result since 2018net €45,554 ▲24.3%
Operating result €108,665, net result €45,554, both a record.
31-12
Financial
Equity above €100,000Eq €116,593 ▲20.5%
7 profitable years in a row build equity to €116,593.
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema · 20 days late
2023
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema · 10 days late
2022
21-09
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema · 52 days late
2021
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · unclassified schema · 2 days late
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 59 days late
2017
30-05
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 5 acts read
About the unread acts
We know of 5 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
5 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, Wavre · 2 establishment units since 1999
Ground area
4,041 m²
Building footprint
1,901 m²
Volume, LiDAR
7,424 m³
2 parcels, Wallonia · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
PLAYERONE
since 19992.091.006.234
Shop For Geek / Playerone
since 20192.295.036.727
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25112N0017/00T000 | Wallonia | 2,761 m² | 1 · 887 m² | - |
| 25006A0145/00Z000 | Wallonia | 1,280 m² | 1 · 1,015 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,102 companies in sector 47640 we hold annual accounts for 907. 744 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
Founded15-12-1998
Fiscal year end31-12
Activities, NACEBEL 2025
47640Retail sale of games and toys
E-invoicing
Reachable via Peppol
Peppol ID
0208:0464853001
Also
9925:BE0464853001
Registered
09-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.