MB5
ActiveSummary
MB5 has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €367k and a net result of €99k. Equity is growing by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 37% of 4178 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability64▼-12
Solvency50▲+8
Growth66▼-12
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity ample (current ratio 1.51 against 1.09 in 2024; short-term debt: 32.3% and cash: 28.1% of total assets), but 74.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 2025Solvency, return and age of the figures
Solvency
25.3%
Return on assets
6.8%
Age of the figures
18 mo
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 28-11-2025, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
26 d late
2023
16 d late
2022
30 d late
2021
18 d late
2020
39 d late
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, full schema
Turnover
€5.57M▲ 20.5%
2019 · €4.62M
2019: €4.62M
2025: €5.57M
2019 → 2025
EBIT margin
3.1%▲ 1.4pp
2019 · 1.7%
2019: 1.7%
2025: 3.1%
2019 → 2025
Net result
€99k▼ 19.2%
2024 · €122k
2019: €38k
2020: €5k▼ -88.2% vs 2019
2021: €31k▲ +578% vs 2020
2022: €-47k▼ -253% vs 2021
2023: €-59k▼ -25.7% vs 2022lowest in 7 years
2024: €122k▲ +307% vs 2023highest in 7 years
2025: €99k▼ -19.2% vs 2024
2019 → 2025
Working capital
€237k▲ 346%
2024 · €53k
2019: €62k
2020: €256k▲ +314% vs 2019highest in 7 years
2021: €209k▼ -18.3% vs 2020
2022: €112k▼ -46.5% vs 2021
2023: €51k▼ -54.7% vs 2022lowest in 7 years
2024: €53k▲ +4.8% vs 2023
2025: €237k▲ +346% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€5.57M
Equity€262k-€213k▼ 18.8%€152k▼ 28.8%€274k▲ 80.5%€367k▲ 34.2%
2021: €262k
2022: €213k▼ -18.8% vs 2021
2023: €152k▼ -28.8% vs 2022lowest in 5 years
2024: €274k▲ +80.5% vs 2023
2025: €367k▲ +34.2% vs 2024highest in 5 years
Operating result€72k-€-8k€-16k▼ 118%€167k€171k▲ 2.4%
2021: €72k
2022: €-8k▼ -110% vs 2021
2023: €-16k▼ -118% vs 2022lowest in 5 years
2024: €167k▲ +1121% vs 2023
2025: €171k▲ +2.4% vs 2024highest in 5 years
Net result€31k-€-47k€-59k▼ 25.7%€122k€99k▼ 19.2%
2021: €31k
2022: €-47k▼ -253% vs 2021
2023: €-59k▼ -25.7% vs 2022lowest in 5 years
2024: €122k▲ +307% vs 2023highest in 5 years
2025: €99k▼ -19.2% vs 2024
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 2% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.45M
Fixed assets
€741k ▼ 23.1%
Current assets
€705k ▲ 12.1%
Equity and liabilities €1.45M
Equity
€367k ▲ 34.2%
Provisions
€3k ▼ 38.1%
Debt
€1.08M ▼ 18.1%
Debt's share of the balance-sheet total falls from 82.6% to 74.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€250k▼
2024 · €252k
Cash flow
€177k▼
2024 · €207k
Current ratio
1.51▲
2024 · 1.09
Quick ratio
1.13▲
2024 · 0.70
Debt to equity
2.94▼
2024 · 4.82
ROE
26.8%▼
2024 · 44.6%
ROA
6.8%▼
2024 · 7.6%
Interest coverage
6.18▲
2024 · 5.75
Debt ≤ 1 year
€468k▼
2024 · €576k
Debt > 1 year
€587k▼
2024 · €722k
Income taxes
€39k▲
2024 · €2k
Staff costs
€548k▲
2024 · €537k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 69 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.60M€1.45M▼
Formation expenses20€4k€4k▼
Fixed assets21/28€964k€741k▼
Intangible fixed assets21€18k€17k▼
Tangible fixed assets22/27€946k€725k▼
Land and buildings22€516k€434k▼
Plant, machinery and equipment23€356k€225k▼
Furniture and vehicles24€22k€19k▼
Leasing and similar rights25€53k€47k▼
Current assets29/58€629k€705k▲
Stocks and contracts in progress3€228k€177k▼
Stocks30/36€228k€177k▼
Amounts receivable within one year40/41€182k€107k▼
Trade receivables40€120k€63k▼
Other amounts receivable41€62k€44k▼
Cash at bank and in hand54/58€217k€407k▲
Deferred charges and accrued income490/1€3k€13k▲
Equity and liabilities
Total equity and liabilities10/49€1.60M€1.45M▼
Equity10/15€274k€367k▲
Contributions10/11€100k€100k=
Capital10€100k-
Issued capital100€100k-
Outside capital11-€100k
Other1109/19-€100k
Reserves13€161k€260k▲
Non-distributable reserves130/1€10k€10k=
Legal reserve130€10k-
Reserves not available under the articles1311-€10k
Distributable reserves133€151k€250k▲
Investment grants15€13k€8k▼
Provisions and deferred taxes16€4k€3k▼
Provisions for liabilities and charges160/5€4k-
Other liabilities and charges164/5€4k-
Deferred taxes168-€3k
Amounts payable17/49€1.32M€1.08M▼
Amounts payable after more than one year17€722k€587k▼
Financial debts170/4€722k€587k▼
Amounts payable within one year42/48€576k€468k▼
Current portion of amounts payable after more than one year42€136k€134k▼
Trade debts44€321k€184k▼
Suppliers440/4€321k€184k▼
Taxes, remuneration and social security45€55k€85k▲
Taxes450/3€11k€41k▲
Remuneration and social security454/9€44k€44k▲
Other amounts payable47/48€64k€65k▲
Accrued charges and deferred income492/3€22k€25k▲
Income statement
Code20242025
Turnover70-€5.57M
Non-recurring operating income76A-€136k
Goods, raw materials, services and sundry goods60/61-€4.82M
Remuneration, social security and pensions62€537k€548k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€85k€79k▼
Other operating charges640/8€16k€18k▲
Non-recurring operating charges66A-€155k
Gross operating margin9900€804k€972k▲
Operating profit (loss)9901€167k€171k▲
Financial income75/76B€812€5k▲
Recurring financial income75€812€5k▲
Financial charges65/66B€44k€40k▼
Recurring financial charges65€44k€40k▼
Profit (loss) for the period before taxes9903€124k€136k▲
Transfer from deferred taxes780-€2k
Income taxes67/77€2k€39k▲
Profit (loss) for the period9904€122k€99k▼
Profit (loss) for the period to be appropriated9905€122k€99k▼
Appropriation of the result
Profit (loss) to be appropriated9906€116k€99k▼
Profit (loss) brought forward from the previous period14P€-6k-
Transfer to equity691/2€116k€99k▼
To other reserves6921€116k€99k▼
Social balance
Average headcount (FTE)908711.312.1▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €5.57M | - |
| Non-recurring operating income76A | - | - | - | - | €136k | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €4.82M | - |
| Remuneration, social security and pensions62 | - | €527k | €526k | €537k | €548k | ▲ 2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €114k | €118k | €113k | €85k | €79k | ▼ 7.1% |
| Other operating charges640/8 | - | €10k | €12k | €16k | €18k | ▲ 16.8% |
| Non-recurring operating charges66A | - | €137 | €99 | - | €155k | - |
| Gross operating margin9900 | €782k | €647k | €635k | €804k | €972k | ▲ 20.8% |
| Operating profit (loss)9901 | €72k | €-8k | €-16k | €167k | €171k | ▲ 2.4% |
| Financial income75/76B | - | €4k | €4k | €812 | €5k | ▲ 522% |
| Recurring financial income75 | €5k | €4k | €4k | €812 | €5k | ▲ 522% |
| Financial charges65/66B | - | €46k | €47k | €44k | €40k | ▼ 7.6% |
| Recurring financial charges65 | €47k | €46k | €47k | €44k | €40k | ▼ 7.6% |
| Profit (loss) for the period before taxes9903 | €31k | €-49k | €-60k | €124k | €136k | ▲ 9.4% |
| Transfer from deferred taxes780 | - | €2k | €806 | - | €2k | - |
| Income taxes67/77 | €0 | €0 | €0 | €2k | €39k | ▲ 1,656% |
| Profit (loss) for the period9904 | €31k | €-47k | €-59k | €122k | €99k | ▼ 19.2% |
| Profit (loss) for the period to be appropriated9905 | €31k | €-47k | €-59k | €122k | €99k | ▼ 19.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.07M | €1.59M | €1.65M | €1.60M | €1.45M | ▼ 9.2% |
| Formation expenses20 | €3k | €3k | €3k | €4k | €4k | ▼ 10.7% |
| Fixed assets21/28 | €1.09M | €986k | €972k | €964k | €741k | ▼ 23.1% |
| Intangible fixed assets21 | €21k | €20k | €19k | €18k | €17k | ▼ 6.2% |
| Tangible fixed assets22/27 | €1.07M | €966k | €954k | €946k | €725k | ▼ 23.4% |
| Land and buildings22 | - | €595k | €555k | €516k | €434k | ▼ 15.9% |
| Plant, machinery and equipment23 | - | €292k | €316k | €356k | €225k | ▼ 36.7% |
| Furniture and vehicles24 | - | €14k | €24k | €22k | €19k | ▼ 12.4% |
| Leasing and similar rights25 | - | €65k | €59k | €53k | €47k | ▼ 11.4% |
| Current assets29/58 | €977k | €598k | €672k | €629k | €705k | ▲ 12.1% |
| Stocks and contracts in progress3 | €267k | €274k | €285k | €228k | €177k | ▼ 22.3% |
| Stocks30/36 | - | €274k | €285k | €228k | €177k | ▼ 22.3% |
| Amounts receivable within one year40/41 | €126k | €111k | €148k | €182k | €107k | ▼ 40.9% |
| Trade receivables40 | - | €53k | €64k | €120k | €63k | ▼ 47.5% |
| Other amounts receivable41 | - | €59k | €84k | €62k | €44k | ▼ 28.1% |
| Cash at bank and in hand54/58 | €562k | €210k | €236k | €217k | €407k | ▲ 87.8% |
| Deferred charges and accrued income490/1 | - | €3k | €3k | €3k | €13k | ▲ 424% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.07M | €1.59M | €1.65M | €1.60M | €1.45M | ▼ 9.2% |
| Equity10/15 | €262k | €213k | €152k | €274k | €367k | ▲ 34.2% |
| Contributions10/11 | €100k | €100k | €100k | €100k | €100k | = |
| Capital10 | - | €100k | €100k | €100k | - | - |
| Issued capital100 | - | €100k | €100k | €100k | - | - |
| Outside capital11 | - | - | - | - | €100k | - |
| Other1109/19 | - | - | - | - | €100k | - |
| Reserves13 | €45k | €45k | €45k | €161k | €260k | ▲ 61.2% |
| Non-distributable reserves130/1 | - | €10k | €10k | €10k | €10k | = |
| Legal reserve130 | - | €10k | €10k | €10k | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €10k | - |
| Distributable reserves133 | - | €35k | €35k | €151k | €250k | ▲ 65.3% |
| Profit (loss) carried forward14 | €100k | €53k | €-6k | - | - | - |
| Investment grants15 | - | €15k | €13k | €13k | €8k | ▼ 38.2% |
| Provisions and deferred taxes16 | €7k | €5k | €4k | €4k | €3k | ▼ 38.1% |
| Provisions for liabilities and charges160/5 | - | - | - | €4k | - | - |
| Other liabilities and charges164/5 | - | - | - | €4k | - | - |
| Deferred taxes168 | - | €5k | €4k | - | €3k | - |
| Amounts payable17/49 | €1.80M | €1.37M | €1.49M | €1.32M | €1.08M | ▼ 18.1% |
| Amounts payable after more than one year17 | €1.03M | €875k | €858k | €722k | €587k | ▼ 18.6% |
| Financial debts170/4 | - | €875k | €858k | €722k | €587k | ▼ 18.6% |
| Amounts payable within one year42/48 | €768k | €486k | €621k | €576k | €468k | ▼ 18.7% |
| Current portion of amounts payable after more than one year42 | - | €129k | €151k | €136k | €134k | ▼ 1.2% |
| Trade debts44 | €482k | €236k | €357k | €321k | €184k | ▼ 42.7% |
| Suppliers440/4 | - | €236k | €357k | €321k | €184k | ▼ 42.7% |
| Taxes, remuneration and social security45 | - | €55k | €50k | €55k | €85k | ▲ 55.4% |
| Taxes450/3 | - | €12k | €10k | €11k | €41k | ▲ 266% |
| Remuneration and social security454/9 | - | €44k | €39k | €44k | €44k | ▲ 1.2% |
| Other amounts payable47/48 | - | €66k | €64k | €64k | €65k | ▲ 0.4% |
| Accrued charges and deferred income492/3 | - | €8k | €12k | €22k | €25k | ▲ 15.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31k | €-47k | €-59k | €122k | €99k | ▼ 19.2% |
| + Depreciation and write-downs630 | €114k | €118k | €113k | €85k | €79k | ▼ 7.1% |
| Operating cash flow (approximation) | €145k | €71k | €54k | €207k | €177k | ▼ 14.3% |
| Investment in fixed assets (approximation) | - | €-9k | €-99k | €-76k | €144k | ▲ 288% |
| Change in cash | - | €-353k | €26k | €-19k | €190k | ▲ 1,103% |
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
2025
28-11
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 28 days late
2024
26-11
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 26 days late
31-03
Financial
Back to profitnet €122k
Net result €122k after 2 loss-making years.
31-03
Financial
Equity above €200kEq €274k ▲80.5%
Equity rises from €152k to €274k.
2023
16-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 16 days late
31-03
Financial
Weakest financial yearnet €-59k
Net result drops to €-59k, the lowest in the series; recovery starts the following year.
2022
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2021
18-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 18 days late
2020
09-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 39 days late
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
27-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
27-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Sivry-Rance · 1 establishment unit since 2004
Ground area
9,782 m²
Building footprint
242 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
MB5 SPRL
since 20042.138.774.081
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56072B0219/00F000 | Wallonia | 8,570 m² | - | - |
| 56072G0366/00E000 | Wallonia | 1,212 m² | 1 · 242 m² | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSivry-Rance2.138.774.081
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,851. 3,543 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
Founded02-07-2004
Fiscal year end31-03
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
Scores and ratios are computed by Checked and are not a credit decision.