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MB ELECTRO

Active
Private limited companyfounded 20215 yrs activeKBO/BCE: BE 0762.742.573
Summary

The computed 12-month bankruptcy probability of MB ELECTRO is 2.9% (moderate). The 2025 annual accounts show equity of €36,404 and a net result of -€6,382. Equity is growing by ~31.1% per year across the filed fiscal years. Its solvency ranks better than 51% of 842 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).

Checked score

Score 2025
Axes · tick = 2024
Profitability23▲+1
Solvency59▼-18
Growth52=
Track record86
Bankruptcy probability, 12 months
2.9% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.52 against 2.09 in 2024; short-term debt: 65.8% and cash: 0.3% of total assets), but 65.8% of the assets are financed with debt.
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Signals

Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Ex-officio strike-off
The KBO struck this company off ex officio, which points to unmet obligations and often precedes a bankruptcy.
KBO publications
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 2025
Solvency, return and age of the figures
Solvency
34.2%
Return on assets
-6%
Age of the figures
12 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
222425
2022 to 2025 · latest year -€6,382
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-05-2026, 28 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 · 3 filings
Deviation from the deadline
2025
28 d late
2024
1 d early
2022
106 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 44 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Address struck
Checked, nothing found (1)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline

History

MB ELECTRO was incorporated on 1 February 2021 as a Private limited company.1 Total assets rose from EUR 58,740 in 2022 to EUR 106,460 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2025

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Financials · fiscal year 2025, full schema

Turnover
€53,235
EBIT margin
20.1%
Net result
-€6,382▼ 28.9%
2024 · -€4,952
Working capital
€36,404▼ 14.9%
2024 · €42,785
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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
Line202220242025
Turnover€53,235
Operating result€2,737--€6,241-€10,679
Net result€1,957within the sector's middle half--€4,952below the sector's middle half--€6,382below the sector's middle half▼ 28.9%
EBIT margin20.1%
Equity€2,457below the sector's middle half-€42,785within the sector's middle half-€36,404below the sector's middle half▼ 14.9%
Total assets€58,740within the sector's middle half-€81,887within the sector's middle half-€106,460below the sector's middle half▲ 30.0%
Debt€56,282-€39,102-€70,056▲ 79.2%
Working capital€2,457-€42,785-€36,404▼ 14.9%
Solvency4.2%below the sector's middle half-52.2%within the sector's middle half-34.2%within the sector's middle half▼ 18.1pp
above within below the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€10,000-€5,000€0€5,000€10,000Operating result 2022: €2,737€2,737Net result 2022: €1,957€1,957Operating result 2024: -€6,241-€6,241Net result 2024: -€4,952-€4,952Operating result 2025: €10,679€10,679Net result 2025: -€6,382-€6,382202220242025-€10,000-€5,000€0€5,000€10,000Operating result 2022: €2,737€2,740Net result 2022: €1,957€1,960Operating result 2024: -€6,241-€6,240Net result 2024: -€4,952-€4,950Operating result 2025: €10,679€10,700Net result 2025: -€6,382-€6,380202220242025
The operating result returns to profit in 2025: €10,679 after a loss of €6,241 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €106,460
Equity €36,404 ▼ 14.9%
Debt €70,056 ▲ 79.2%
Debt's share of the balance-sheet total rises from 47.8% to 65.8%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
Current ratio
1.52▼
2024 · 2.09
Debt to equity
1.92▲
2024 · 0.91
ROE
-17.5%▼
2024 · -11.6%
ROA
-6.0%▲
2024 · -6.0%
Debt ≤ 1 year
€70,056▲
2024 · €39,102
Income taxes
€14,223
Staff costs
€267
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,442 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a small loss
2.1% went bankrupt
7.3% stopped otherwise
90% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.9% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 3,442 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet Code20242025
Assets
Total assets20/58€81,887€106,460▲
Current assets29/58€81,887€106,460▲
Amounts receivable within one year40/41€64,255€88,394▲
Trade receivables40€34,624€36,134▲
Other amounts receivable41€29,632€52,260▲
Cash at bank and in hand54/58€17,632€271▼
Deferred charges and accrued income490/1-€17,796
Equity and liabilities
Total equity and liabilities10/49€81,887€106,460▲
Equity10/15€42,785€36,404▼
Contributions10/11€500€500=
Outside capital11-€500
Other1109/19-€500
Profit (loss) carried forward14€42,285€35,904▼
Amounts payable17/49€39,102€70,056▲
Amounts payable within one year42/48€39,102€70,056▲
Trade debts44€37,476€55,330▲
Suppliers440/4€37,476€55,330▲
Taxes, remuneration and social security45€626€13,727▲
Taxes450/3€626€13,727▲
Other amounts payable47/48€1,000€1,000=
Income statement Code20242025
Turnover70-€53,235
Goods, raw materials, services and sundry goods60/61-€43,091
Remuneration, social security and pensions62-€267
Other operating charges640/8€269€1,060▲
Non-recurring operating charges66A-€7,685
Gross operating margin9900-€5,972€19,691▲
Operating profit (loss)9901-€6,241€10,679▲
Financial income75/76B€1,638€2,275▲
Recurring financial income75€1,638€2,275▲
Financial charges65/66B€350€5,113▲
Recurring financial charges65€350€379▲
Non-recurring financial charges66B-€4,734
Profit (loss) for the period before taxes9903-€4,952€7,841▲
Income taxes67/77-€14,223
Profit (loss) for the period9904-€4,952-€6,382▼
Profit (loss) for the period to be appropriated9905-€4,952-€6,382▼
Appropriation of the result
Profit (loss) to be appropriated9906€42,285€35,904▼
Profit (loss) brought forward from the previous period14P€47,238€42,285▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220242025Change
Turnover70--€53,235-
Goods, raw materials, services and sundry goods60/61--€43,091-
Remuneration, social security and pensions62--€267-
Other operating charges640/8€488€269€1,060▲ 295%
Non-recurring operating charges66A--€7,685-
Gross operating margin9900€3,225-€5,972€19,691▲ 430%
Operating profit (loss)9901€2,737-€6,241€10,679▲ 271%
Financial income75/76B-€1,638€2,275▲ 38.9%
Recurring financial income75-€1,638€2,275▲ 38.9%
Financial charges65/66B€147€350€5,113▲ 1,362%
Recurring financial charges65€147€350€379▲ 8.5%
Non-recurring financial charges66B--€4,734-
Profit (loss) for the period before taxes9903€2,589-€4,952€7,841▲ 258%
Income taxes67/77€632-€14,223-
Profit (loss) for the period9904€1,957-€4,952-€6,382▼ 28.9%
Profit (loss) for the period to be appropriated9905€1,957-€4,952-€6,382▼ 28.9%
Line202220242025Change
Assets
Total assets20/58€58,740€81,887€106,460▲ 30.0%
Current assets29/58€58,740€81,887€106,460▲ 30.0%
Amounts receivable within one year40/41€58,736€64,255€88,394▲ 37.6%
Trade receivables40€55,526€34,624€36,134▲ 4.4%
Other amounts receivable41€3,210€29,632€52,260▲ 76.4%
Cash at bank and in hand54/58€3€17,632€271▼ 98.5%
Deferred charges and accrued income490/1--€17,796-
Equity and liabilities
Total equity and liabilities10/49€58,740€81,887€106,460▲ 30.0%
Equity10/15€2,457€42,785€36,404▼ 14.9%
Contributions10/11€500€500€500=
Outside capital11--€500-
Other1109/19--€500-
Profit (loss) carried forward14€1,957€42,285€35,904▼ 15.1%
Amounts payable17/49€56,282€39,102€70,056▲ 79.2%
Amounts payable within one year42/48€56,282€39,102€70,056▲ 79.2%
Trade debts44€34,653€37,476€55,330▲ 47.6%
Suppliers440/4€34,653€37,476€55,330▲ 47.6%
Advances received on contracts in progress46€18,624---
Taxes, remuneration and social security45€3,005€626€13,727▲ 2,093%
Taxes450/3€3,005€626€13,727▲ 2,093%
Other amounts payable47/48-€1,000€1,000=
Line202220242025Change
Profit (loss) for the period9904€1,957-€4,952-€6,382▼ 28.9%
Operating cash flow (approximation)€1,957-€4,952-€6,382▼ 28.9%
Change in cash---€17,361-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 30-04-2027
2026
28-05
NBB filing Annual accounts filed
fiscal year 2025 · full schema · 28 days late
2025
30-09
Financial Weakest financial yearnet -€6,382
Net result drops to -€6,382, the lowest in the series.
29-04
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial Liquidity doublescurrent ratio 2.09
Current ratio from 1.04 to 2.09; short-term debt falls from €56,282 to €39,102.
05-07
KBO administration Address struck
event 23-05-2024
2023
14-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 106 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Drogenbos · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
4,023 m²
Building footprint
1,681 m²
Volume, LiDAR
12,241 m³
Parcel 22001A0058/00L000, Flanders · tallest building 9.0 m, ±3 floors. Linked by address, not a title deed.
9 companies at this address See who is registered here
1 establishment unit
MB ELECTRO
Manufacture of fabricated metal products, except machinery and equipment
since 20212.340.708.087
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
22001A0058/00L000 Flanders 4,023 m² 1 · 1,681 m² 9.0 m · 3 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 29,787 companies in sector 41001 we hold annual accounts for 16,052. 12,738 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
Founded01-02-2021
Fiscal year end30-09
Activities, NACEBEL 2025
41001General construction of residential buildings
33140Repair and maintenance of electrical equipment
43211General electrical installation work
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
E-invoicing
Reachable via Peppol
Peppol ID 0208:0762742573
Also 9925:BE0762742573
Registered 30-01-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.