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MB IMMO

Active
Private limited companyfounded 200619 yrs activeRue de Malvoisin, Pat. 38, 5575 Gedinne, BelgiumKBO/BCE: BE 0885.977.313
Summary

MB IMMO has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €14.3m and a net result of €1.4m. Equity is growing by ~20.2% per year across the filed fiscal years. Its solvency ranks better than 65% of 4838 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability50▼-11
Solvency75▼-9
Growth54=
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €850,000 at 30 days acceptable
Liquidity ample (current ratio 2.05 against 2.5 in 2023; short-term debt: 48.5% and cash: 1.3% of total assets), and 49.8% of the assets are financed with debt.
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Signals

Five 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
Real estate activities (NACE 68)
about 43% fewer 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 19 years 0 20 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
50.2%
Return on assets
4.9%
Age of the figures
21 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 11-07-2025, 20 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
20 d early
2023
28 d late
2022
7 d late
2021
33 d early
2020
29 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 13 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

MB IMMO was incorporated on 28 December 2006.1 Total assets rose from EUR 11 million in 2018 to EUR 29 million in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, full schema

Turnover
€5.8m▼ 7.8%
2022 · €6.3m
EBIT margin
47.0%▲ 6.6pp
2022 · 40.4%
Net result
€1.4m▼ 31.8%
2023 · €2.0m
Working capital
€14.5m▲ 10.6%
2023 · €13.2m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, 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
Line20202021202220232024
Turnover€6.3m€5.8m▼ 7.8%
Operating result€1.4m▼ 5.1%€2.3m▲ 59.5%€2.5m▲ 11.3%€2.7m▲ 7.3%€2.1m▼ 21.4%
Net result€1.1mabove the sector's middle half▲ 3.4%€1.7mabove the sector's middle half▲ 54.0%€1.9mabove the sector's middle half▲ 11.9%€2.0mabove the sector's middle half▲ 7.8%€1.4mabove the sector's middle half▼ 31.8%
EBIT margin40.4%47.0%▲ 6.6pp
Equity€7.3mabove the sector's middle half▲ 17.8%€9.0mabove the sector's middle half▲ 23.3%€10.9mabove the sector's middle half▲ 21.1%€12.9mabove the sector's middle half▲ 18.8%€14.3mabove the sector's middle half▲ 10.8%
Total assets€15.5mabove the sector's middle half▲ 25.8%€17.2mabove the sector's middle half▲ 10.8%€19.0mabove the sector's middle half▲ 10.7%€22.1mabove the sector's middle half▲ 16.0%€28.5mabove the sector's middle half▲ 29.3%
Debt€7.8m▲ 32.6%€7.9m▲ 1.1%€7.8m▼ 0.6%€8.8m▲ 11.8%€13.8m▲ 57.8%
Working capital€7.6mabove the sector's middle half▲ 20.1%€9.1mabove the sector's middle half▲ 21.0%€11.0mabove the sector's middle half▲ 20.6%€13.2mabove the sector's middle half▲ 19.3%€14.5mabove the sector's middle half▲ 10.6%
Solvency47.0%within the sector's middle half▼ 3.2pp52.3%within the sector's middle half▲ 5.3pp57.2%within the sector's middle half▲ 4.9pp58.6%within the sector's middle half▲ 1.4pp50.2%within the sector's middle half▼ 8.4pp
Current ratio1.97within the sector's middle half▼ 0.102.16within the sector's middle half▲ 0.192.41within the sector's middle half▲ 0.252.50within the sector's middle half▲ 0.092.05within the sector's middle half▼ 0.45
Return on assets (ROA)7.1%above the sector's middle half▼ 1.5pp9.9%above the sector's middle half▲ 2.8pp10.0%above the sector's middle half▲ 0.1pp9.3%above the sector's middle half▼ 0.7pp4.9%above the sector's middle half▼ 4.4pp
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
€0€1.0m€2.0m€3.0mOperating result 2020: €1.4m€1.4mNet result 2020: €1.1m€1.1mOperating result 2021: €2.3m€2.3mNet result 2021: €1.7m€1.7mOperating result 2022: €2.5m€2.5mNet result 2022: €1.9m€1.9mOperating result 2023: €2.7m€2.7mNet result 2023: €2.0m€2.0mOperating result 2024: €2.1m€2.1mNet result 2024: €1.4m€1.4m20202021202220232024€0€1m€2m€3mOperating result 2022: €2.5m€2.5mNet result 2022: €1.9m€1.9mOperating result 2023: €2.7m€2.7mNet result 2023: €2.0m€2mOperating result 2024: €2.1m€2.1mNet result 2024: €1.4m€1.4m202220232024
The operating result falls in 2024; 2024 is 21% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €28.5m
Fixed assets €140,000 =
Current assets €28.4m ▲ 29.5%
Equity and liabilities €28.5m
Equity €14.3m ▲ 10.8%
Provisions €373,191 ▼ 0.7%
Debt €13.8m ▲ 57.8%
Debt's share of the balance-sheet total rises from 39.7% to 48.5%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
Quick ratio
0.06▼
2023 · 0.14
Debt to equity
0.97▲
2023 · 0.68
ROE
9.7%▼
2023 · 15.8%
Debt ≤ 1 year
€13.8m▲
2023 · €8.8m
Income taxes
€456,295▼
2023 · €672,383
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 139 companies that looked in July 2024 the way this one looks now, 0% went bankrupt within 24 months and 92% are still going.

  • Large
  • 10 to 20 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0% went bankrupt
7.9% stopped otherwise
92% still going

For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,662 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 139 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 · 2024 against 2023 · 54 lines
Balance sheet Code20232024
Assets
Total assets20/58€22.1m€28.5m▲
Formation expenses20€0€0=
Fixed assets21/28€140,000€140,000=
Tangible fixed assets22/27€140,000€140,000=
Land and buildings22€140,000€140,000=
Current assets29/58€21.9m€28.4m▲
Stocks and contracts in progress3€20.7m€27.6m▲
Stocks30/36€20.7m€27.6m▲
Amounts receivable within one year40/41€136,599€387,845▲
Trade receivables40€73,014€281,447▲
Other amounts receivable41€63,585€106,397▲
Cash at bank and in hand54/58€1.1m€380,417▼
Deferred charges and accrued income490/1€0€0=
Equity and liabilities
Total equity and liabilities10/49€22.1m€28.5m▲
Equity10/15€12.9m€14.3m▲
Contributions10/11€18,600€18,600=
Reserves13€12.9m€14.3m▲
Non-distributable reserves130/1€1,860€0▼
Reserves not available under the articles1311€1,860€0▼
Tax-exempt reserves132€997,770€1.5m▲
Distributable reserves133€11.9m€12.8m▲
Provisions and deferred taxes16€375,637€373,191▼
Provisions for liabilities and charges160/5€375,637€373,191▼
Other liabilities and charges164/5€375,637€373,191▼
Amounts payable17/49€8.8m€13.8m▲
Amounts payable within one year42/48€8.8m€13.8m▲
Trade debts44€477,094€224,070▼
Suppliers440/4€477,094€224,070▼
Advances received on contracts in progress46€0€177,775▲
Taxes, remuneration and social security45€206,705€283,000▲
Taxes450/3€206,705€283,000▲
Other amounts payable47/48€8.1m€13.2m▲
Accrued charges and deferred income492/3€0€454▲
Income statement Code20232024
Turnover70€5.8m-
Non-recurring operating income76A€12,043€3▼
Goods, raw materials, services and sundry goods60/61€3.2m-
Provisions for liabilities and charges: additions (uses and reversals)635/8€82,156-€2,446▼
Other operating charges640/8€12,090€8,122▼
Non-recurring operating charges66A€0€0▲
Gross operating margin9900€2.8m€2.1m▼
Operating profit (loss)9901€2.7m€2.1m▼
Financial income75/76B€1,869-
Recurring financial income75€1,869-
Financial charges65/66B€9,631€290,656▲
Recurring financial charges65€9,631€290,656▲
Profit (loss) for the period before taxes9903€2.7m€1.9m▼
Income taxes67/77€672,383€456,295▼
Profit (loss) for the period9904€2.0m€1.4m▼
Transfer from tax-exempt reserves789€498,400-
Transfer to tax-exempt reserves689€997,770€505,200▼
Profit (loss) for the period to be appropriated9905€1.5m€888,620▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.5m€888,620▼
Transfer to equity691/2€1.5m€888,620▼
To other reserves6921€1.5m€888,620▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Turnover70--€6.3m€5.8m--
Non-recurring operating income76A-€2€2,500€12,043€3▼ 100.0%
Goods, raw materials, services and sundry goods60/61--€4.1m€3.2m--
Provisions for liabilities and charges: additions (uses and reversals)635/8--€112,459-€7,399€82,156-€2,446▼ 103%
Other operating charges640/8-€11,574€18,919€12,090€8,122▼ 32.8%
Non-recurring operating charges66A-€0€1,500€0€0▲ 25.0%
Gross operating margin9900€1.6m€2.2m€2.6m€2.8m€2.1m▼ 23.9%
Operating profit (loss)9901€1.4m€2.3m€2.5m€2.7m€2.1m▼ 21.4%
Financial income75/76B-€9,124€1,063€1,869--
Recurring financial income75€7,510€9,124€1,063€1,869--
Financial charges65/66B-€28,534€21,038€9,631€290,656▲ 2,918%
Recurring financial charges65€6,573€28,534€21,038€9,631€290,656▲ 2,918%
Profit (loss) for the period before taxes9903€1.4m€2.3m€2.5m€2.7m€1.9m▼ 31.9%
Income taxes67/77€331,625€567,271€623,228€672,383€456,295▼ 32.1%
Profit (loss) for the period9904€1.1m€1.7m€1.9m€2.0m€1.4m▼ 31.8%
Transfer from tax-exempt reserves789--€409,400€498,400--
Transfer to tax-exempt reserves689---€997,770€505,200▼ 49.4%
Profit (loss) for the period to be appropriated9905€1.1m€1.7m€2.3m€1.5m€888,620▼ 42.5%
Line20202021202220232024Change
Assets
Total assets20/58€15.5m€17.2m€19.0m€22.1m€28.5m▲ 29.3%
Formation expenses20-€0€0€0€0-
Fixed assets21/28€140,000€140,000€140,000€140,000€140,000=
Tangible fixed assets22/27€140,000€140,000€140,000€140,000€140,000=
Land and buildings22-€140,000€140,000€140,000€140,000=
Current assets29/58€15.4m€17.0m€18.9m€21.9m€28.4m▲ 29.5%
Stocks and contracts in progress3€11.1m€10.5m€14.7m€20.7m€27.6m▲ 33.5%
Stocks30/36-€10.5m€14.7m€20.7m€27.6m▲ 33.5%
Amounts receivable within one year40/41€16,952€150,117€187,890€136,599€387,845▲ 184%
Trade receivables40-€137,417€56,219€73,014€281,447▲ 285%
Other amounts receivable41-€12,700€131,670€63,585€106,397▲ 67.3%
Cash at bank and in hand54/58€4.2m€6.3m€4.0m€1.1m€380,417▼ 65.6%
Deferred charges and accrued income490/1-€151,472€0€0€0-
Equity and liabilities
Total equity and liabilities10/49€15.5m€17.2m€19.0m€22.1m€28.5m▲ 29.3%
Equity10/15€7.3m€9.0m€10.9m€12.9m€14.3m▲ 10.8%
Contributions10/11€18,600€18,600€18,600€18,600€18,600=
Capital10-€18,600----
Issued capital100-€18,600----
Reserves13€7.3m€9.0m€10.9m€12.9m€14.3m▲ 10.8%
Non-distributable reserves130/1-€1,860€1,860€1,860€0▼ 100%
Legal reserve130-€1,860----
Reserves not available under the articles1311--€1,860€1,860€0▼ 100%
Tax-exempt reserves132-€907,800€498,400€997,770€1.5m▲ 50.6%
Distributable reserves133-€8.1m€10.4m€11.9m€12.8m▲ 7.5%
Provisions and deferred taxes16€413,339€300,880€293,481€375,637€373,191▼ 0.7%
Provisions for liabilities and charges160/5-€300,880€293,481€375,637€373,191▼ 0.7%
Other liabilities and charges164/5-€300,880€293,481€375,637€373,191▼ 0.7%
Amounts payable17/49€7.8m€7.9m€7.8m€8.8m€13.8m▲ 57.8%
Amounts payable within one year42/48€7.8m€7.9m€7.8m€8.8m€13.8m▲ 57.8%
Trade debts44€397,646€508,197€195,796€477,094€224,070▼ 53.0%
Suppliers440/4-€508,197€195,796€477,094€224,070▼ 53.0%
Advances received on contracts in progress46--€270,847€0€177,775-
Taxes, remuneration and social security45-€36,920€31,322€206,705€283,000▲ 36.9%
Taxes450/3-€36,920€31,322€206,705€283,000▲ 36.9%
Other amounts payable47/48-€7.4m€7.4m€8.1m€13.2m▲ 62.7%
Accrued charges and deferred income492/3-€2,132€389€0€454-
Line20202021202220232024Change
Profit (loss) for the period9904€1.1m€1.7m€1.9m€2.0m€1.4m▼ 31.8%
Operating cash flow (approximation)€1.1m€1.7m€1.9m€2.0m€1.4m▼ 31.8%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash-€2.0m-€2.3m-€2.9m-€723,909▲ 74.8%

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

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Timeline · acts, filings and financial milestones

2025
11-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
28-08
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 28 days late
2023
31-12
Financial Highest result since 2018net €2.0m ▲7.8%
Operating result €2.7m, net result €2.0m, both a record.
07-08
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 7 days late
2022
31-12
Financial Equity above €10mEq €10.9m ▲21.1%
5 profitable years in a row build equity to €10.9m.
28-06
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
02-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
03-07
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
03-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
04-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
07-07
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
12-07
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 11 acts read
About the unread acts

We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
11 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, Gedinne · 1 establishment unit since 2007
seat establishment The establishment unit on the map
Ground area
4,038 m²
Building footprint
673 m²
Volume, LiDAR
4,865 m³
Parcel 91105A0324/00H000, Wallonia · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MB IMMO
Rue de Malvoisin, Pat. 38, 5575 GedinneRaising of dairy cattle
since 20072.159.460.421
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
91105A0324/00H000 Wallonia 4,038 m² 1 · 672 m² 9.7 m · 2 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.

Structure & network

Owners and holdings

2 owners

Chain of control

  1. JACQUES SASFR 100%
  2. HLDB 100%
  3. GROUPE MB 99%
  4. MB IMMO

Highest known parent: JACQUES SAS (France). The sources do not say who stands above it.

Owners 2

Holdings 0

The accounts to 31-12-2024 list no holdings, and no other source names one.

According to the 2024 annual accounts of MB IMMO 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.

Similar companies · same sector, comparable size

Of 7,326 companies in sector 68110 we hold annual accounts for 5,390. 956 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
Founded28-12-2006
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID 0208:0885977313
Also 9925:BE0885977313

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

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