MBA CONCEPT
ActiveSummary
The computed 12-month bankruptcy probability of MBA CONCEPT is 2.5% (moderate). The 2024 annual accounts show equity of €12k and a net result of €-2k. Equity is shrinking by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 27% of 26043 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
33
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability35▼-20
Solvency30▼-6
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.05 against 1.11 in 2023; short-term debt: 94.5% and cash: 0.7% of total assets), and 94.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
5.5%
Return on assets
-0.8%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-12-2025, 124 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
124 d late
2023
151 d late
2022
144 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€12k▼ 12.8%
2023 · €14k
2022: €14k
2023: €14k
2022 → 2024
Total assets
€219k▲ 77.4%
2023 · €123k
2022: €25k
2023: €123k
2022 → 2024
Net result
€-2k▼ 2,056%
2023 · €-82
2022: €-395
2023: €-82
2022 → 2024
Working capital
€10k▼ 14.5%
2023 · €12k
2022: €12k
2023: €12k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€14k-€14k▼ 0.6%€12k▼ 12.8%
Operating result€-372-€-42▲ 88.7%€-2k▼ 3,929%
Net result€-395-€-82▲ 79.3%€-2k▼ 2,056%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2k in 2024 against €42 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €219k
Fixed assets
€2k =
Current assets
€217k ▲ 78.4%
Equity and liabilities €219k
Equity
€12k ▼ 12.8%
Debt
€207k ▲ 88.7%
Debt's share of the balance-sheet total rises from 88.9% to 94.5%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.05▼
2023 · 1.11
Quick ratio
0.63▼
2023 · 0.78
Debt to equity
17.25▲
2023 · 7.97
ROE
-14.7%▼
2023 · -0.6%
ROA
-0.8%▼
2023 · -0.1%
Debt ≤ 1 year
€207k▲
2023 · €110k
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 · 2024 against 2023 · 34 lines
Balance sheet
Code20232024
Assets
Total assets20/58€123k€219k▲
Fixed assets21/28€2k€2k=
Tangible fixed assets22/27€420€420=
Furniture and vehicles24€420€420=
Financial fixed assets28€1k€1k=
Current assets29/58€122k€217k▲
Stocks and contracts in progress3€36k€87k▲
Stocks30/36€36k€87k▲
Amounts receivable within one year40/41€72k€128k▲
Trade receivables40€72k€128k▲
Cash at bank and in hand54/58€14k€2k▼
Equity and liabilities
Total equity and liabilities10/49€123k€219k▲
Equity10/15€14k€12k▼
Contributions10/11€10k€10k=
Profit (loss) carried forward14€4k€2k▼
Amounts payable17/49€110k€207k▲
Amounts payable within one year42/48€110k€207k▲
Trade debts44€87k€129k▲
Suppliers440/4€87k€129k▲
Taxes, remuneration and social security45€6k€6k▼
Taxes450/3€2k€2k▲
Remuneration and social security454/9€5k€4k▼
Other amounts payable47/48€16k€72k▲
Income statement
Code20232024
Remuneration, social security and pensions62€11k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€217-
Gross operating margin9900€12k€-2k▼
Operating profit (loss)9901€-42€-2k▼
Financial charges65/66B€40€73▲
Recurring financial charges65€40€73▲
Profit (loss) for the period before taxes9903€-82€-2k▼
Profit (loss) for the period9904€-82€-2k▼
Profit (loss) for the period to be appropriated9905€-82€-2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€4k€2k▼
Profit (loss) brought forward from the previous period14P€4k€4k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
02-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 124 days late
2024
31-12
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series.
29-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 151 days late
2023
22-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 144 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Vilvoorde · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Guldenschaapstraat 61800 VilvoordeGround area
1,068 m²
Building footprint
879 m²
Volume, LiDAR
16,728 m³
2 parcels, Brussels, Flanders · tallest building 23.8 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
PRIVILEGE
since 20212.322.573.443
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21802B0298/00L000 | Brussels | 974 m² | 1 · 796 m² | 23.8 m · 7 fl. |
| 23642D0866/00X000 | Flanders | 93 m² | 1 · 82 m² | 11.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
IDEB3C
BE 0734.693.044
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Scapa Retail
BE 0411.987.506
Brasschaat · Eq €11,913
LAMBRECHT
BE 0479.721.022
Ninove · Eq €12,331
MARSIMAT
BE 0764.428.987
Le Roeulx · Eq €12,443
FAUSTO'S
BE 0761.494.936
Roeselare · Eq €11,198
Of 459 companies in sector 47712 we hold annual accounts for 269. 126 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-08-2020
Fiscal year end31-12
Activities, NACEBEL 2025
47519Retail trade
47712Retail trade
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
46423Wholesale of clothing, excluding workwear and underwear
47715Retail trade
47721Retail sale of footwear
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.