Summary
MB-TRADE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €546,968 and a net result of €480,226. Equity is growing by ~2.8% per year across the filed fiscal years. The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 18-06-2026, 135 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
135 d early
2025
58 d early
2024
52 d early
2023
29 d late
2022
394 d late
2021
26 d late
2020
39 d late
← 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 35 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. Usually files around 9 September (4 of the last 5 filed years within 83 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-03-2027 close31-10-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€546,968=
2024 · €546,741
Net result
€480,226▲ 2,613%
2024 · €17,701
Total assets
€830,058▲ 6.1%
2024 · €782,318
Solvency
65.9%▼ 4.0pp
2024 · 69.9%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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€76,086▲ 274%€13,971▼ 81.6%€821▼ 94.1%€23,221▲ 2,728%€1,807▼ 92.2%
Net result€52,799within the sector's middle half▲ 254%€12,893within the sector's middle half▼ 75.6%€439,375above the sector's middle half▲ 3,308%€17,701within the sector's middle half▼ 96.0%€480,226above the sector's middle half▲ 2,613%
Equity€526,772within the sector's middle half▲ 11.1%€539,666within the sector's middle half▲ 2.4%€529,041within the sector's middle half▼ 2.0%€546,741within the sector's middle half▲ 3.3%€546,968within the sector's middle half=
Total assets€808,381within the sector's middle half▲ 1.5%€768,075within the sector's middle half▼ 5.0%€753,601within the sector's middle half▼ 1.9%€782,318within the sector's middle half▲ 3.8%€830,058within the sector's middle half▲ 6.1%
Debt€281,608▼ 12.7%€228,409▼ 18.9%€224,560▼ 1.7%€235,577▲ 4.9%€283,090▲ 20.2%
Working capital-€136,433within the sector's middle half▲ 21.1%-€122,669within the sector's middle half▲ 10.1%-€134,373within the sector's middle half▼ 9.5%-€144,121within the sector's middle half▼ 7.3%-€134,073within the sector's middle half▲ 7.0%
Solvency65.2%within the sector's middle half▲ 5.7pp70.3%within the sector's middle half▲ 5.1pp70.2%within the sector's middle half▼ 0.1pp69.9%within the sector's middle half▼ 0.3pp65.9%within the sector's middle half▼ 4.0pp
Current ratio0.52within the sector's middle half▲ 0.080.46within the sector's middle half▼ 0.050.40within the sector's middle half▼ 0.060.39within the sector's middle half▼ 0.010.53within the sector's middle half▲ 0.14
Return on assets (ROA)6.5%within the sector's middle half▲ 4.7pp1.7%within the sector's middle half▼ 4.9pp58.3%above the sector's middle half▲ 56.6pp2.3%within the sector's middle half▼ 56.0pp57.9%above the sector's middle half▲ 55.6pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 92% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €830,058
Fixed assets
€681,041 ▼ 1.4%
Current assets
€149,017 ▲ 62.9%
Equity and liabilities €830,058
Equity
€546,968 =
Debt
€283,090 ▲ 20.2%
Debt's share of the balance-sheet total rises from 30.1% to 34.1%. Debt is higher.
Key figures and ratios
ROE
87.8%▲
2024 · 3.2%
Debt ≤ 1 year
€283,090▲
2024 · €235,577
Income taxes
€1,485▼
2024 · €5,425
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 | €1,212 | - | €2,683 | €8,359 | €9,822 | ▲ 17.5% |
| Other operating charges640/8 | - | €62 | €6,468 | €446 | €449 | ▲ 0.6% |
| Non-recurring operating charges66A | - | - | €278 | - | - | - |
| Gross operating margin9900 | €77,360 | €14,033 | €10,250 | €32,026 | €12,079 | ▼ 62.3% |
| Operating profit (loss)9901 | €76,086 | €13,971 | €821 | €23,221 | €1,807 | ▼ 92.2% |
| Financial income75/76B | - | - | €448,560 | - | €480,000 | - |
| Recurring financial income75 | - | - | €448,560 | - | €480,000 | - |
| Financial charges65/66B | - | €242 | €6,869 | €96 | €96 | = |
| Recurring financial charges65 | €2,238 | €242 | €6,869 | €96 | €96 | = |
| Profit (loss) for the period before taxes9903 | €73,848 | €13,729 | €442,512 | €23,126 | €481,712 | ▲ 1,983% |
| Income taxes67/77 | €21,050 | €836 | €3,137 | €5,425 | €1,485 | ▼ 72.6% |
| Profit (loss) for the period9904 | €52,799 | €12,893 | €439,375 | €17,701 | €480,226 | ▲ 2,613% |
| Profit (loss) for the period to be appropriated9905 | €52,799 | €12,893 | €439,375 | €17,701 | €480,226 | ▲ 2,613% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €808,381 | €768,075 | €753,601 | €782,318 | €830,058 | ▲ 6.1% |
| Fixed assets21/28 | €663,205 | €663,205 | €663,414 | €690,863 | €681,041 | ▼ 1.4% |
| Tangible fixed assets22/27 | €3,205 | €3,205 | €3,414 | €30,863 | €21,041 | ▼ 31.8% |
| Land and buildings22 | - | - | - | €11,059 | €8,362 | ▼ 24.4% |
| Furniture and vehicles24 | - | €3,205 | €3,414 | €19,804 | €12,679 | ▼ 36.0% |
| Financial fixed assets28 | €660,000 | €660,000 | €660,000 | €660,000 | €660,000 | = |
| Current assets29/58 | €145,175 | €104,869 | €90,187 | €91,455 | €149,017 | ▲ 62.9% |
| Amounts receivable within one year40/41 | €136,234 | €61,979 | €38,854 | €43,427 | €99,798 | ▲ 130% |
| Trade receivables40 | - | €16,203 | €20,344 | €25,184 | €25,184 | = |
| Other amounts receivable41 | - | €45,776 | €18,511 | €18,244 | €74,615 | ▲ 309% |
| Cash at bank and in hand54/58 | €8,663 | €42,891 | €51,332 | €48,028 | €49,219 | ▲ 2.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €808,381 | €768,075 | €753,601 | €782,318 | €830,058 | ▲ 6.1% |
| Equity10/15 | €526,772 | €539,666 | €529,041 | €546,741 | €546,968 | = |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €508,172 | €521,066 | €510,441 | €528,141 | €528,368 | = |
| Non-distributable reserves130/1 | - | €1,860 | - | - | - | - |
| Other1319 | - | €1,860 | - | - | - | - |
| Distributable reserves133 | - | €519,206 | €510,441 | €528,141 | €528,368 | = |
| Amounts payable17/49 | €281,608 | €228,409 | €224,560 | €235,577 | €283,090 | ▲ 20.2% |
| Amounts payable within one year42/48 | €281,608 | €227,538 | €224,560 | €235,577 | €283,090 | ▲ 20.2% |
| Current portion of amounts payable after more than one year42 | - | €8,495 | - | - | - | - |
| Trade debts44 | €89,341 | €74,044 | €55,660 | €60,500 | €60,500 | = |
| Suppliers440/4 | - | €74,044 | €55,660 | €60,500 | €60,500 | = |
| Taxes, remuneration and social security45 | - | - | - | €6,177 | €834 | ▼ 86.5% |
| Taxes450/3 | - | - | - | €6,177 | €834 | ▼ 86.5% |
| Other amounts payable47/48 | - | €145,000 | €168,900 | €168,900 | €221,756 | ▲ 31.3% |
| Accrued charges and deferred income492/3 | - | €871 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €52,799 | €12,893 | €439,375 | €17,701 | €480,226 | ▲ 2,613% |
| + Depreciation and write-downs630 | €1,212 | - | €2,683 | €8,359 | €9,822 | ▲ 17.5% |
| Operating cash flow (approximation) | €54,011 | €12,893 | €442,058 | €26,059 | €490,048 | ▲ 1,780% |
| Investment in fixed assets (approximation) | - | €0 | -€2,892 | -€35,807 | €0 | ▲ 100% |
| Change in cash | - | €34,228 | €8,442 | -€3,304 | €1,191 | ▲ 136% |
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 2027, expected by
2026
18-06
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
2025
03-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Highest result since 2019net €480,226 ▲2,613%
Net result €480,226, the highest in the series.
2024
09-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
29-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
29-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 394 days late
2021
26-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 26 days late
31-03
Financial
Equity above €500,000Eq €526,772 ▲11.1%
3 profitable years in a row build equity to €526,772.
2020
09-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 39 days late
2019
29-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 29 days late
2018
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
27-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
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, Bree · 1 establishment unit since 2014
Ground area
935 m²
Building footprint
165 m²
Volume, LiDAR
410 m³
Parcel 72403B0242/00Y002, Flanders · tallest building 7.0 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
MB-TRADE
since 20142.229.505.210
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72403B0242/00Y002 | Flanders | 935 m² | 1 · 165 m² | 7.0 m · 1 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 · 1 holdingOwners 2
-
50%
-
50%
Holdings 1
-
99.68%
According to the annual accounts to 31-03-2025 of MB-TRADE 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.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 13,581 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
Founded18-03-2014
Fiscal year end31-03
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
Contact
Phone
0476/245814
E-invoicing
Reachable via Peppol
Peppol ID
0208:0548880933
Registered
03-07-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.