MB FRAMERIES
ActiveSummary
MB FRAMERIES has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.4m and a net result of €354,276. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 61% of 6537 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability80▼-1
Solvency67▲+1
Growth65=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85,000 at 30 days acceptable
Liquidity tight (current ratio 1.21 against 1.25 in 2023; short-term debt: 45.9% and cash: 0.7% of total assets), and 57.6% of the assets are financed with debt.
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Signals
Seven 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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
42.4%
Return on assets
10.9%
Age of the figures
21 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 07-07-2025, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
24 d early
2023
26 d early
2022
33 d early
2021
24 d early
2020
24 d early
2019
28 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 27 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
€4.2m▲ 0.9%
2023 · €4.2m
EBIT margin
10.9%▼ 0.7pp
2023 · 11.6%
Net result
€354,276▼ 6.2%
2023 · €377,641
Working capital
€308,819▼ 16.0%
2023 · €367,815
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€4.5m▲ 12.8%€4.5m▲ 0.9%€4.3m▼ 5.5%€4.2m▼ 1.9%€4.2m▲ 0.9%
Operating result€711,155▲ 70.0%€678,100▼ 4.6%€552,373▼ 18.5%€487,421▼ 11.8%€461,434▼ 5.3%
Net result€563,683▲ 86.3%€554,503▼ 1.6%€452,625▼ 18.4%€377,641▼ 16.6%€354,276▼ 6.2%
EBIT margin15.9%▲ 5.3pp15.0%▼ 0.9pp12.9%▼ 2.1pp11.6%▼ 1.3pp10.9%▼ 0.7pp
Equity€1.3m▲ 5.1%€1.4m▲ 4.1%€1.4m▲ 0.9%€1.4m▼ 0.2%€1.4m▼ 0.4%
Total assets€3.4m▼ 3.0%€3.8m▲ 10.1%€3.5m▼ 8.3%€3.4m▼ 2.7%€3.2m▼ 4.2%
Debt€2.1m▼ 7.4%€2.4m▲ 14.2%€2.1m▼ 13.5%€2.0m▼ 4.2%€1.8m▼ 6.7%
Working capital€408,628▲ 23.2%€473,440▲ 15.9%€447,614▼ 5.5%€367,815▼ 17.8%€308,819▼ 16.0%
Staff (FTE)16.5▲ 9.3%16.3▼ 1.2%15.3▼ 6.1%14.7▼ 3.9%15.4▲ 4.8%
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2024 is 5% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.2m
Fixed assets
€1.4m ▼ 7.2%
Current assets
€1.8m ▼ 1.6%
Equity and liabilities €3.2m
Equity
€1.4m ▼ 0.4%
Provisions
€23,888 ▼ 12.0%
Debt
€1.8m ▼ 6.7%
Debt's share of the balance-sheet total falls from 58.4% to 56.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€583,250▼
2023 · €607,462
Cash flow
€476,092▼
2023 · €497,682
Current ratio
1.21▼
2023 · 1.25
Quick ratio
0.14▼
2023 · 0.15
Debt to equity
1.34▼
2023 · 1.43
ROE
25.7%▼
2023 · 27.3%
ROA
10.9%▼
2023 · 11.2%
Interest coverage
18.82▲
2023 · 17.45
Debt ≤ 1 year
€1.5m▲
2023 · €1.5m
Debt > 1 year
€351,760▼
2023 · €514,480
Income taxes
€66,408▼
2023 · €71,518
Staff costs
€468,190▼
2023 · €480,788
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.7% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 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 20,082 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €4.5m | €4.3m | €4.2m | €4.2m | ▲ 1.1% |
| Turnover70 | €4.5m | €4.5m | €4.3m | €4.2m | €4.2m | ▲ 0.9% |
| Other operating income74 | - | €8,331 | €24,892 | €9,184 | €18,054 | ▲ 96.6% |
| Non-recurring operating income76A | - | €0 | - | - | - | - |
| Operating charges60/66A | - | €3.9m | €3.7m | €3.7m | €3.8m | ▲ 2.0% |
| Goods for resale, raw materials and consumables60 | - | €2.7m | €2.6m | €2.6m | €2.6m | ▲ 2.3% |
| Purchases600/8 | - | €2.9m | €2.8m | €2.6m | €2.6m | ▼ 1.5% |
| Change in stocks: decrease (increase)609 | - | -€161,200 | -€186,399 | -€79,775 | €18,040 | ▲ 123% |
| Services and other goods61 | - | €449,851 | €480,119 | €529,292 | €541,978 | ▲ 2.4% |
| Remuneration, social security and pensions62 | - | €484,366 | €496,889 | €480,788 | €468,190 | ▼ 2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €180,991 | €177,002 | €157,410 | €120,041 | €121,816 | ▲ 1.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€2,184 | €404 | -€404 | €0 | ▲ 100% |
| Other operating charges640/8 | - | €31,491 | €32,040 | €31,918 | €44,886 | ▲ 40.6% |
| Operating profit (loss)9901 | €711,155 | €678,100 | €552,373 | €487,421 | €461,434 | ▼ 5.3% |
| Financial income75/76B | - | €4,696 | €6,068 | €4,453 | €2,633 | ▼ 40.9% |
| Recurring financial income75 | €1,718 | €3,794 | €6,068 | €3,056 | €2,633 | ▼ 13.8% |
| Income from financial fixed assets750 | - | €2,428 | €2,776 | €2,912 | €1,860 | ▼ 36.1% |
| Other financial income752/9 | - | €1,366 | €3,292 | €144 | €773 | ▲ 436% |
| Non-recurring financial income76B | - | €902 | €0 | €1,397 | €0 | ▼ 100% |
| Financial charges65/66B | - | €20,897 | €21,796 | €45,966 | €46,633 | ▲ 1.5% |
| Recurring financial charges65 | €23,829 | €20,897 | €21,796 | €45,966 | €46,633 | ▲ 1.5% |
| Debt charges650 | €10,989 | €8,761 | €12,183 | €34,820 | €30,983 | ▼ 11.0% |
| Other financial charges652/9 | - | €12,136 | €9,613 | €11,146 | €15,650 | ▲ 40.4% |
| Profit (loss) for the period before taxes9903 | €689,044 | €661,899 | €536,645 | €445,908 | €417,434 | ▼ 6.4% |
| Transfer from deferred taxes780 | - | €3,250 | €3,250 | €3,250 | €3,250 | = |
| Income taxes67/77 | €128,612 | €110,647 | €87,271 | €71,518 | €66,408 | ▼ 7.1% |
| Taxes670/3 | - | €110,685 | €87,271 | €71,518 | €66,408 | ▼ 7.1% |
| Tax adjustments and reversals of tax provisions77 | - | €38 | €0 | - | - | - |
| Profit (loss) for the period9904 | €563,683 | €554,503 | €452,625 | €377,641 | €354,276 | ▼ 6.2% |
| Transfer from tax-exempt reserves789 | - | €9,751 | €9,751 | €9,751 | €9,751 | = |
| Profit (loss) for the period to be appropriated9905 | €573,434 | €564,255 | €462,376 | €387,392 | €364,028 | ▼ 6.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.4m | €3.8m | €3.5m | €3.4m | €3.2m | ▼ 4.2% |
| Fixed assets21/28 | €1.9m | €1.8m | €1.6m | €1.6m | €1.4m | ▼ 7.2% |
| Intangible fixed assets21 | €832 | €396 | €0 | - | - | - |
| Tangible fixed assets22/27 | €1.9m | €1.7m | €1.6m | €1.5m | €1.4m | ▼ 7.5% |
| Land and buildings22 | - | €1.6m | €1.5m | €1.4m | €1.3m | ▼ 7.2% |
| Plant, machinery and equipment23 | - | €117,786 | €90,434 | €104,263 | €93,924 | ▼ 9.9% |
| Furniture and vehicles24 | - | €1,080 | €2,775 | €1,649 | €523 | ▼ 68.3% |
| Financial fixed assets28 | €62,354 | €61,726 | €61,726 | €59,559 | €59,559 | = |
| Other financial fixed assets284/8 | - | €61,726 | €61,726 | €59,559 | €59,559 | = |
| Shares284 | - | €61,726 | €61,726 | €59,559 | €59,559 | = |
| Current assets29/58 | €1.5m | €2.0m | €1.8m | €1.8m | €1.8m | ▼ 1.6% |
| Stocks and contracts in progress3 | €1.2m | €1.3m | €1.5m | €1.6m | €1.6m | ▼ 1.1% |
| Stocks30/36 | - | €1.3m | €1.5m | €1.6m | €1.6m | ▼ 1.1% |
| Goods purchased for resale34 | - | €1.3m | €1.5m | €1.6m | €1.6m | ▼ 1.1% |
| Amounts receivable within one year40/41 | €278,651 | €158,860 | €144,147 | €143,119 | €189,502 | ▲ 32.4% |
| Trade receivables40 | - | €153,072 | €141,383 | €136,406 | €172,930 | ▲ 26.8% |
| Other amounts receivable41 | - | €5,788 | €2,764 | €6,713 | €16,572 | ▲ 147% |
| Cash at bank and in hand54/58 | €37,730 | €520,507 | €161,889 | €80,002 | €21,739 | ▼ 72.8% |
| Deferred charges and accrued income490/1 | - | €0 | - | €120 | €171 | ▲ 42.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.4m | €3.8m | €3.5m | €3.4m | €3.2m | ▼ 4.2% |
| Equity10/15 | €1.3m | €1.4m | €1.4m | €1.4m | €1.4m | ▼ 0.4% |
| Contributions10/11 | €124,000 | €124,000 | €124,000 | €124,000 | €124,000 | = |
| Capital10 | - | €124,000 | €124,000 | €124,000 | €124,000 | = |
| Issued capital100 | - | €124,000 | €124,000 | €124,000 | €124,000 | = |
| Reserves13 | €1.2m | €1.2m | €1.3m | €1.3m | €1.3m | ▼ 0.5% |
| Non-distributable reserves130/1 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Legal reserve130 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Tax-exempt reserves132 | - | €100,918 | €91,167 | €81,416 | €71,664 | ▼ 12.0% |
| Distributable reserves133 | - | €1.1m | €1.2m | €1.2m | €1.2m | ▲ 0.3% |
| Provisions and deferred taxes16 | €36,890 | €33,639 | €30,389 | €27,139 | €23,888 | ▼ 12.0% |
| Deferred taxes168 | - | €33,639 | €30,389 | €27,139 | €23,888 | ▼ 12.0% |
| Amounts payable17/49 | €2.1m | €2.4m | €2.1m | €2.0m | €1.8m | ▼ 6.7% |
| Amounts payable after more than one year17 | €1.0m | €839,920 | €677,200 | €514,480 | €351,760 | ▼ 31.6% |
| Financial debts170/4 | - | €839,920 | €677,200 | €514,480 | €351,760 | ▼ 31.6% |
| Credit institutions173 | - | €839,920 | €677,200 | €514,480 | €351,760 | ▼ 31.6% |
| Amounts payable within one year42/48 | €1.1m | €1.5m | €1.4m | €1.5m | €1.5m | ▲ 2.0% |
| Current portion of amounts payable after more than one year42 | - | €162,720 | €162,720 | €162,720 | €162,720 | = |
| Trade debts44 | €360,781 | €292,468 | €299,029 | €258,970 | €274,278 | ▲ 5.9% |
| Suppliers440/4 | - | €292,468 | €299,029 | €258,970 | €274,278 | ▲ 5.9% |
| Taxes, remuneration and social security45 | - | €66,625 | €80,124 | €71,152 | €59,806 | ▼ 15.9% |
| Taxes450/3 | - | €0 | - | - | - | - |
| Remuneration and social security454/9 | - | €66,625 | €80,124 | €71,152 | €59,806 | ▼ 15.9% |
| Other amounts payable47/48 | - | €1.0m | €843,192 | €969,004 | €994,168 | ▲ 2.6% |
| Accrued charges and deferred income492/3 | - | - | €1,200 | €0 | €968 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €563,683 | €554,503 | €452,625 | €377,641 | €354,276 | ▼ 6.2% |
| + Depreciation and write-downs630 | €180,991 | €177,002 | €157,410 | €120,041 | €121,816 | ▲ 1.5% |
| Operating cash flow (approximation) | €744,674 | €731,505 | €610,035 | €497,682 | €476,092 | ▼ 4.3% |
| Investment in fixed assets (approximation) | - | -€722 | -€31,091 | -€30,311 | -€10,085 | ▲ 66.7% |
| Change in cash | - | €482,777 | -€358,618 | -€81,887 | -€58,263 | ▲ 28.8% |
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
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €563,683 ▲86.3%
Operating result €711,155, net result €563,683, both a record.
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
08-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Namur · 2 establishment units since 2001
Ground area
1.5 ha
Building footprint
4,550 m²
Volume, LiDAR
29,544 m³
2 parcels, Wallonia · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Rue des Morgelines(NN) 8, 5100 Namur
since 20012.101.310.208
BRICO FRAMERIES
since 20012.101.310.109
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53045A0154/00C000 | Wallonia | 9,605 m² | 1 · 3,150 m² | 8.5 m · 2 fl. |
| 92095B0011/00V000 | Wallonia | 4,913 m² | 1 · 1,399 m² | 7.3 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.
Structure & network
Part of the group
PROVA
12 companies
Group, risk and exposure
Owners and holdings
2 owners · 8 holdingsChain of control
- PROVA
- MB FRAMERIES
Highest known parent: PROVA. The sources do not say who stands above it.
Owners 2
- PROVAparent99.92%
- André Delvauxnatural personSourceown accounts 20240.08%
Holdings 8
- Equity €1.9mResult €231,6021%
-
1%
-
0.4%
-
0.1%
-
0.04%
-
0.03%
-
0.02%
-
0.01%
Stated earlier (1)
An older source named these holdings; newer accounts no longer list them.
- Sourceaccounts SENGO 20220.03%
According to the 2024 annual accounts of MB FRAMERIES and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Food safety, FASFC
1 siteFrameries2.101.310.109
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Of 1,719 companies in sector 47521 we hold annual accounts for 1,287. 889 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded05-02-2001
Fiscal year end31-12
Activities, NACEBEL 2025
47521Retail sale of hardware, building materials, paint and glass (general range)
47120Other non-specialised retail sale
E-invoicing
Reachable via Peppol
Peppol ID
0208:0473993270
Also
9925:BE0473993270
Registered
26-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.