MB Services
ActiveSummary
MB Services has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €131,825 and a net result of €40,620. Equity is growing by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 48% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▼-4
Solvency78▼-22
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 1.94 against 4.09 in 2024; short-term debt: 46.2% and cash: 75.1% of total assets), and 46.8% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
53.2%
Return on assets
16.4%
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 18-02-2026, 163 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
163 d early
2024
41 d early
2023
35 d early
2022
31 d early
2021
41 d early
2020
24 d late
2019
18 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 44 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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 20 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€131,825▼ 29.0%
2024 · €185,705
Total assets
€247,845▲ 6.2%
2024 · €233,275
Net result
€40,620▼ 8.9%
2024 · €44,574
Working capital
€107,072▼ 24.7%
2024 · €142,281
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Line20212022202320242025
Operating result€41,763▼ 24.4%€35,885▼ 14.1%€61,547▲ 71.5%€63,757▲ 3.6%€54,679▼ 14.2%
Net result-€23,721below the sector's middle half€17,990within the sector's middle half€43,172within the sector's middle half▲ 140%€44,574within the sector's middle half▲ 3.2%€40,620within the sector's middle half▼ 8.9%
Equity€120,922within the sector's middle half▼ 16.4%€120,312within the sector's middle half▼ 0.5%€163,484within the sector's middle half▲ 35.9%€185,705within the sector's middle half▲ 13.6%€131,825within the sector's middle half▼ 29.0%
Total assets€136,602within the sector's middle half▼ 29.1%€136,790within the sector's middle half▲ 0.1%€178,438within the sector's middle half▲ 30.4%€233,275within the sector's middle half▲ 30.7%€247,845within the sector's middle half▲ 6.2%
Debt€15,680▼ 67.4%€16,477▲ 5.1%€14,954▼ 9.2%€47,570▲ 218%€116,019▲ 144%
Working capital€59,690within the sector's middle half▲ 154%€37,543within the sector's middle half▼ 37.1%€98,848within the sector's middle half▲ 163%€142,281above the sector's middle half▲ 43.9%€107,072within the sector's middle half▼ 24.7%
Solvency88.5%above the sector's middle half▲ 13.5pp88.0%above the sector's middle half▼ 0.6pp91.6%above the sector's middle half▲ 3.7pp79.6%above the sector's middle half▼ 12.0pp53.2%within the sector's middle half▼ 26.4pp
Current ratio4.83above the sector's middle half▲ 3.343.35within the sector's middle half▼ 1.498.03above the sector's middle half▲ 4.684.09within the sector's middle half▼ 3.941.94within the sector's middle half▼ 2.15
Return on assets (ROA)-17.4%below the sector's middle half▼ 24.3pp13.2%within the sector's middle half▲ 30.5pp24.2%within the sector's middle half▲ 11.0pp19.1%within the sector's middle half▼ 5.1pp16.4%within the sector's middle half▼ 2.7pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 14% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €247,845
Fixed assets
€26,317 ▼ 41.4%
Current assets
€221,527 ▲ 17.6%
Equity and liabilities €247,845
Equity
€131,825 ▼ 29.0%
Debt
€116,019 ▲ 144%
Debt's share of the balance-sheet total rises from 20.4% to 46.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€74,440▼
2024 · €84,356
Cash flow
€60,382▼
2024 · €65,173
Debt to equity
0.88▲
2024 · 0.26
ROE
30.8%▲
2024 · 24.0%
Interest coverage
480.04▲
2024 · 119.11
Debt ≤ 1 year
€114,456▲
2024 · €46,066
Income taxes
€13,903▼
2024 · €18,475
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,592 | €8,480 | €20,030 | €20,599 | €19,762 | ▼ 4.1% |
| Other operating charges640/8 | €944 | €722 | €2,121 | €11,102 | €996 | ▼ 91.0% |
| Gross operating margin9900 | €54,299 | €45,088 | €83,698 | €95,458 | €75,437 | ▼ 21.0% |
| Operating profit (loss)9901 | €41,763 | €35,885 | €61,547 | €63,757 | €54,679 | ▼ 14.2% |
| Financial income75/76B | - | €6 | €0 | - | €0 | - |
| Recurring financial income75 | - | €6 | €0 | - | €0 | - |
| Financial charges65/66B | €56,747 | €470 | €568 | €708 | €155 | ▼ 78.1% |
| Recurring financial charges65 | €351 | €470 | €568 | €708 | €155 | ▼ 78.1% |
| Non-recurring financial charges66B | €56,395 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€14,983 | €35,420 | €60,978 | €63,049 | €54,524 | ▼ 13.5% |
| Income taxes67/77 | €8,738 | €17,430 | €17,807 | €18,475 | €13,903 | ▼ 24.7% |
| Profit (loss) for the period9904 | -€23,721 | €17,990 | €43,172 | €44,574 | €40,620 | ▼ 8.9% |
| Profit (loss) for the period to be appropriated9905 | -€23,721 | €17,990 | €43,172 | €44,574 | €40,620 | ▼ 8.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €136,602 | €136,790 | €178,438 | €233,275 | €247,845 | ▲ 6.2% |
| Formation expenses20 | - | - | - | €0 | €0 | - |
| Fixed assets21/28 | €61,341 | €83,254 | €65,527 | €44,928 | €26,317 | ▼ 41.4% |
| Tangible fixed assets22/27 | €44,311 | €83,254 | €65,527 | €44,928 | €26,317 | ▼ 41.4% |
| Land and buildings22 | €41,415 | €42,192 | €37,187 | €30,932 | €24,677 | ▼ 20.2% |
| Furniture and vehicles24 | €2,896 | €41,061 | €28,340 | €13,996 | €1,640 | ▼ 88.3% |
| Financial fixed assets28 | €17,030 | - | - | - | - | - |
| Current assets29/58 | €75,261 | €53,536 | €112,911 | €188,347 | €221,527 | ▲ 17.6% |
| Amounts receivable within one year40/41 | €6,420 | €20,297 | €18,011 | €36,775 | €34,372 | ▼ 6.5% |
| Trade receivables40 | €158 | €15,178 | €16,712 | €16,712 | €18,392 | ▲ 10.1% |
| Other amounts receivable41 | €6,262 | €5,119 | €1,299 | €20,063 | €15,980 | ▼ 20.3% |
| Cash at bank and in hand54/58 | €58,340 | €16,288 | €93,891 | €150,510 | €186,009 | ▲ 23.6% |
| Deferred charges and accrued income490/1 | €10,501 | €16,951 | €1,009 | €1,062 | €1,146 | ▲ 7.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €136,602 | €136,790 | €178,438 | €233,275 | €247,845 | ▲ 6.2% |
| Equity10/15 | €120,922 | €120,312 | €163,484 | €185,705 | €131,825 | ▼ 29.0% |
| Contributions10/11 | €18,600 | €15,394 | €15,394 | €15,394 | €15,394 | = |
| Reserves13 | €14,860 | €51,360 | €90,360 | €134,860 | €116,173 | ▼ 13.9% |
| Non-distributable reserves130/1 | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | - | - | - | - | - |
| Distributable reserves133 | €13,000 | €51,360 | €90,360 | €134,860 | €116,173 | ▼ 13.9% |
| Profit (loss) carried forward14 | €87,462 | €53,558 | €57,730 | €35,451 | €258 | ▼ 99.3% |
| Amounts payable17/49 | €15,680 | €16,477 | €14,954 | €47,570 | €116,019 | ▲ 144% |
| Amounts payable within one year42/48 | €15,571 | €15,994 | €14,063 | €46,066 | €114,456 | ▲ 148% |
| Financial debts43 | - | - | €19 | €19 | €45 | ▲ 133% |
| Credit institutions430/8 | - | - | €19 | €19 | €45 | ▲ 133% |
| Trade debts44 | €5,744 | €3,214 | €598 | €2,816 | €3,595 | ▲ 27.7% |
| Suppliers440/4 | €5,744 | €3,214 | €598 | €2,816 | €3,595 | ▲ 27.7% |
| Taxes, remuneration and social security45 | €3,610 | €2,309 | €4,050 | €20,878 | €16,316 | ▼ 21.8% |
| Taxes450/3 | €3,610 | €2,309 | €4,050 | €20,878 | €16,316 | ▼ 21.8% |
| Other amounts payable47/48 | €6,217 | €10,471 | €9,396 | €22,353 | €94,500 | ▲ 323% |
| Accrued charges and deferred income492/3 | €109 | €484 | €891 | €1,504 | €1,564 | ▲ 3.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€23,721 | €17,990 | €43,172 | €44,574 | €40,620 | ▼ 8.9% |
| + Depreciation and write-downs630 | €11,592 | €8,480 | €20,030 | €20,599 | €19,762 | ▼ 4.1% |
| Operating cash flow (approximation) | -€12,130 | €26,471 | €63,202 | €65,173 | €60,382 | ▼ 7.4% |
| Investment in fixed assets (approximation) | - | -€30,393 | -€2,304 | €0 | -€1,151 | - |
| Change in cash | - | -€42,052 | €77,603 | €56,619 | €35,498 | ▼ 37.3% |
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
18-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 8.03
Current ratio from 3.35 to 8.03; short-term debt falls from €15,994 to €14,063.
31-12
Financial
Equity above €150,000Eq €163,484 ▲35.9%
2 profitable years in a row build equity to €163,484.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €17,990
Net result €17,990 after one loss-making year.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€23,721
Net result drops to -€23,721, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 4.83
Current ratio from 1.49 to 4.83; short-term debt falls from €48,153 to €15,571.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
06-02
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
06-02
State Gazette act
General meeting · Board meeting
Director resignation · Director discharge
2017
24-05
State Gazette act
General meeting · Director resignation
Permanent representative · Director discharge
24-05
State Gazette act
General meeting · Board meeting
Director resignation · Director discharge
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Aartselaar · 1 establishment unit since 2017
Ground area
376 m²
Building footprint
131 m²
Volume, LiDAR
777 m³
Parcel 11001B0372/00K003, Flanders · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MB Services
since 20172.265.885.851
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11001B0372/00K003 | Flanders | 376 m² | 1 · 131 m² | 9.4 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.
Structure & network
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Ownership & control
2 board mandatesBoard mandates of this companythis company sits on their board2
3 locations
1 location
Similar companies · same sector, comparable size
Quirio
BE 0896.812.708
Leuven · Eq €131,822
GreY Invest
BE 0563.516.550
Kalmthout · Eq €131,821
DICABI
BE 0561.964.154
Mechelen · Eq €131,814
VJC PARTNERS
BE 1023.628.033
Dinant · Eq €131,805
MON
BE 0883.500.744
Hasselt · Eq €131,804
Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 40,892 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
Founded24-04-2017
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0674785844
Also
9925:BE0674785844
Registered
24-11-2025
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.