MB Tech
ActiveSummary
MB Tech has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €518,858 and a net result of €223,162. Equity is growing by ~95.5% per year across the filed fiscal years. Its solvency ranks better than 26% of 1329 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability82▼-15
Solvency50▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity tight (current ratio 1.35 against 1.85 in 2023; short-term debt: 70.7% and cash: 0.4% of total assets), and 75.4% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
+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 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 28-07-2025, 3 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
3 d early
2023
25 d early
2022
5 d early
2021
9 d late
2020
19 d early
2019
35 d late
← 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 1 day before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 40% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€518,858▲ 75.5%
2023 · €295,696
Total assets
€2.1m▲ 118%
2023 · €965,099
Net result
€223,162▲ 4.0%
2023 · €214,617
Working capital
€518,131▲ 34.7%
2023 · €384,563
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 42, Civil engineering, 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
Operating result€17,723▲ 1,326%€35,100▲ 98.1%€39,459▲ 12.4%€297,546▲ 654%€325,366▲ 9.3%
Net result€14,538within the sector's middle half▲ 1,548%€25,499within the sector's middle half▲ 75.4%€28,880within the sector's middle half▲ 13.3%€214,617above the sector's middle half▲ 643%€223,162above the sector's middle half▲ 4.0%
Equity€26,700within the sector's middle half▲ 120%€52,199within the sector's middle half▲ 95.5%€81,079within the sector's middle half▲ 55.3%€295,696above the sector's middle half▲ 265%€518,858above the sector's middle half▲ 75.5%
Total assets€45,328below the sector's middle half▲ 75.1%€98,094within the sector's middle half▲ 116%€154,102within the sector's middle half▲ 57.1%€965,099above the sector's middle half▲ 526%€2.1mabove the sector's middle half▲ 118%
Debt€18,628▲ 35.7%€45,895▲ 146%€73,023▲ 59.1%€669,402▲ 817%€1.6m▲ 137%
Working capital€25,640▲ 153%€52,089▲ 103%€74,969▲ 43.9%€384,563▲ 413%€518,131▲ 34.7%
Solvency58.9%within the sector's middle half▲ 11.9pp53.2%within the sector's middle half▼ 5.7pp52.6%within the sector's middle half▼ 0.6pp30.6%within the sector's middle half▼ 22.0pp24.6%within the sector's middle half▼ 6.0pp
Staff (FTE)1within the sector's middle half1.4▲ 40.0%1▼ 28.6%5▲ 400%6.6▲ 32.0%
above
within
below
the middle half (P25 to P75) of NACE 42, Civil engineering, 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 has risen four years in a row; 2024 is 9% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.1m
Fixed assets
€98,886 ▼ 23.5%
Current assets
€2.0m ▲ 140%
Equity and liabilities €2.1m
Equity
€518,858 ▲ 75.5%
Debt
€1.6m ▲ 137%
Debt's share of the balance-sheet total rises from 69.4% to 75.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€360,724▲
2023 · €323,171
Cash flow
€258,519▲
2023 · €240,242
Current ratio
1.35▼
2023 · 1.85
Debt to equity
3.06▲
2023 · 2.26
ROE
43.0%▼
2023 · 72.6%
ROA
10.6%▼
2023 · 22.2%
Interest coverage
18.07▼
2023 · 55.66
Debt ≤ 1 year
€1.5m▲
2023 · €451,292
Debt > 1 year
€98,159▼
2023 · €218,110
Income taxes
€82,287▲
2023 · €77,124
Staff costs
€271,398▲
2023 · €197,250
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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%.
| 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 5,053 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €52,137 | €34,206 | €197,250 | €271,398 | ▲ 37.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €950 | €950 | - | €25,625 | €35,358 | ▲ 38.0% |
| Other operating charges640/8 | - | €1,666 | €773 | €2,216 | €4,395 | ▲ 98.3% |
| Gross operating margin9900 | €40,938 | €89,854 | €74,438 | €522,637 | €636,516 | ▲ 21.8% |
| Operating profit (loss)9901 | €17,723 | €35,100 | €39,459 | €297,546 | €325,366 | ▲ 9.3% |
| Financial income75/76B | - | €25 | - | €1 | €43 | ▲ 3,605% |
| Recurring financial income75 | - | €25 | - | €1 | €43 | ▲ 3,605% |
| Financial charges65/66B | - | €49 | €45 | €5,806 | €19,961 | ▲ 244% |
| Recurring financial charges65 | €52 | €49 | €45 | €5,806 | €19,961 | ▲ 244% |
| Profit (loss) for the period before taxes9903 | €17,671 | €35,077 | €39,414 | €291,741 | €305,449 | ▲ 4.7% |
| Income taxes67/77 | €3,132 | €9,578 | €10,534 | €77,124 | €82,287 | ▲ 6.7% |
| Profit (loss) for the period9904 | €14,538 | €25,499 | €28,880 | €214,617 | €223,162 | ▲ 4.0% |
| Profit (loss) for the period to be appropriated9905 | €14,538 | €25,499 | €28,880 | €214,617 | €223,162 | ▲ 4.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €45,328 | €98,094 | €154,102 | €965,099 | €2.1m | ▲ 118% |
| Fixed assets21/28 | €1,060 | €110 | €6,110 | €129,243 | €98,886 | ▼ 23.5% |
| Tangible fixed assets22/27 | €950 | - | €6,000 | €129,133 | €98,776 | ▼ 23.5% |
| Plant, machinery and equipment23 | - | - | - | €57,217 | €38,326 | ▼ 33.0% |
| Furniture and vehicles24 | - | - | €6,000 | €71,917 | €60,450 | ▼ 15.9% |
| Financial fixed assets28 | €110 | €110 | €110 | €110 | €110 | = |
| Current assets29/58 | €44,268 | €97,984 | €147,992 | €835,855 | €2.0m | ▲ 140% |
| Amounts receivable after more than one year29 | - | - | - | €135,000 | €135,000 | = |
| Other amounts receivable291 | - | - | - | €135,000 | €135,000 | = |
| Amounts receivable within one year40/41 | €41,477 | €58,253 | €129,350 | €691,281 | €1.9m | ▲ 169% |
| Trade receivables40 | - | €56,639 | €73,234 | €627,977 | €1.6m | ▲ 148% |
| Other amounts receivable41 | - | €1,614 | €56,116 | €63,304 | €307,816 | ▲ 386% |
| Cash at bank and in hand54/58 | €2,790 | €39,178 | €18,642 | €9,574 | €8,048 | ▼ 15.9% |
| Deferred charges and accrued income490/1 | - | €553 | - | - | €2,903 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €45,328 | €98,094 | €154,102 | €965,099 | €2.1m | ▲ 118% |
| Equity10/15 | €26,700 | €52,199 | €81,079 | €295,696 | €518,858 | ▲ 75.5% |
| Contributions10/11 | - | €8,200 | €8,200 | €8,200 | €8,200 | = |
| Reserves13 | €1,186 | €1,186 | €1,186 | €1,186 | €1,186 | = |
| Non-distributable reserves130/1 | - | €1,186 | €1,186 | - | - | - |
| Reserves not available under the articles1311 | - | €1,186 | €1,186 | - | - | - |
| Distributable reserves133 | - | - | - | €1,186 | €1,186 | = |
| Profit (loss) carried forward14 | €17,313 | €42,812 | €71,692 | €286,310 | €509,471 | ▲ 77.9% |
| Amounts payable17/49 | €18,628 | €45,895 | €73,023 | €669,402 | €1.6m | ▲ 137% |
| Amounts payable after more than one year17 | - | - | - | €218,110 | €98,159 | ▼ 55.0% |
| Financial debts170/4 | - | - | - | €218,110 | €98,159 | ▼ 55.0% |
| Amounts payable within one year42/48 | €18,628 | €45,895 | €73,023 | €451,292 | €1.5m | ▲ 230% |
| Current portion of amounts payable after more than one year42 | - | - | - | €139,192 | €144,951 | ▲ 4.1% |
| Financial debts43 | - | - | - | - | €100,000 | - |
| Credit institutions430/8 | - | - | - | - | €100,000 | - |
| Trade debts44 | €11,718 | €30,392 | €48,398 | €243,213 | €1.1m | ▲ 361% |
| Suppliers440/4 | - | €30,392 | €48,398 | €243,213 | €1.1m | ▲ 361% |
| Taxes, remuneration and social security45 | - | €15,503 | €24,625 | €68,887 | €124,583 | ▲ 80.8% |
| Taxes450/3 | - | €9,778 | €20,512 | €52,416 | €109,461 | ▲ 109% |
| Remuneration and social security454/9 | - | €5,725 | €4,113 | €16,471 | €15,122 | ▼ 8.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,538 | €25,499 | €28,880 | €214,617 | €223,162 | ▲ 4.0% |
| + Depreciation and write-downs630 | €950 | €950 | - | €25,625 | €35,358 | ▲ 38.0% |
| Operating cash flow (approximation) | €15,488 | €26,449 | €28,880 | €240,242 | €258,519 | ▲ 7.6% |
| Investment in fixed assets (approximation) | - | €0 | -€6,000 | -€148,758 | -€5,000 | ▲ 96.6% |
| Change in cash | - | €36,388 | -€20,536 | -€9,067 | -€1,526 | ▲ 83.2% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €223,162 ▲4%
Operating result €325,366, net result €223,162, both a record.
31-12
Financial
Equity above €500,000Eq €518,858 ▲75.5%
7 profitable years in a row build equity to €518,858.
06-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200,000Eq €295,696 ▲265%
6 profitable years in a row build equity to €295,696.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 9 days late
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
04-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 35 days late
2019
31-12
Financial
Weakest financial yearnet €882 ▼30.9%
Net result drops to €882, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Lokeren · 1 establishment unit since 2016
Ground area
2.3 ha
Building footprint
1,377 m²
Volume, LiDAR
9,462 m³
Parcel 46383D0021/00V000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
MB Tech
since 20162.250.326.358
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46383D0021/00V000 | Flanders | 2.3 ha | 1 · 1,376 m² | 8.7 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.
Recognitions · licences · registrations
Recognised contractor
4 categoriesYoussef-Connections BV41996
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Of 1,824 companies in sector 42220 we hold annual accounts for 958. 521 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
Founded16-02-2016
Fiscal year end31-12
Activities, NACEBEL 2025
42220Construction of utility projects for electricity and telecommunications
E-invoicing
Reachable via Peppol
Peppol ID
0208:0648712145
Also
9925:BE0648712145
Registered
28-04-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.