MBA SRL
ActiveMBA SRL has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €488k and a net result of €150k. Equity is growing by ~29.4% per year across the filed fiscal years. Its solvency ranks better than 82% of 377 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
100
/ 100
Excellent▲ +14 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+80
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 2.19 against 2.07 in 2024), and 28.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
71.8%
Return on assets
22.1%
Age of the figures
11 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
6 d early
2023
25 d early
2022
3 d early
2021
2 d late
2019
69 d late
2018
29 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€150k▲ 769%
2024 · €17k
2018: €-12k
2019: €575
2021: €91k
2022: €71k
2023: €155k
2024: €17k
2018 → 2025
Working capital
€228k▲ 33.6%
2024 · €171k
2018: €5k
2019: €30k
2021: €140k
2022: €196k
2023: €223k
2024: €171k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€185k-€256k▲ 38.4%€411k▲ 60.8%€428k▲ 4.2%€488k▲ 13.8%
Operating result€120k-€115k▼ 3.9%€223k▲ 93.5%€54k▼ 75.6%€170k▲ 212%
Net result€91k-€71k▼ 21.8%€155k▲ 119%€17k▼ 88.9%€150k▲ 769%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 212% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €679k
Fixed assets
€260k▲ 0.8%
Current assets
€420k▲ 26.9%
Equity and liabilities €679k
Equity
€488k▲ 13.8%
Debt
€192k▲ 19.8%
The debt ratio rises from 27.2% to 28.2%: debt grows faster than equity.
Key figures and ratios
EBITDA
€237k▲
2024 · €117k
Cash flow
€217k▲
2024 · €80k
Solvency
71.8%▼
2024 · 72.8%
Current ratio
2.19▲
2024 · 2.07
Quick ratio
2.11▲
2024 · 1.98
Debt / equity
0.39▲
2024 · 0.37
ROE
30.8%▲
2024 · 4.0%
ROA
22.1%▲
2024 · 2.9%
Interest coverage
222.36▲
2024 · 196.30
Debt
€192k▲
2024 · €160k
Debt ≤ 1 year
€192k▲
2024 · €160k
Income taxes
€21k▼
2024 · €40k
Staff costs
€174k▼
2024 · €209k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€588k€679k▲
Fixed assets21/28€258k€260k▲
Intangible fixed assets21€5k€5k▲
Tangible fixed assets22/27€245k€247k▲
Plant, machinery and equipment23€13k€17k▲
Furniture and vehicles24€165k€165k▲
Leasing and similar rights25€68k€65k▼
Financial fixed assets28€8k€8k=
Current assets29/58€331k€420k▲
Stocks and contracts in progress3€14k€16k▲
Stocks30/36€14k€16k▲
Amounts receivable within one year40/41€177k€184k▲
Trade receivables40€161k€184k▲
Other amounts receivable41€16k-
Cash at bank and in hand54/58€139k€217k▲
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€588k€679k▲
Equity10/15€428k€488k▲
Contributions10/11€20k€20k=
Outside capital11€20k€20k=
Other1109/19€20k€20k=
Reserves13€371k€430k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€369k€428k▲
Profit (loss) carried forward14€38k€38k=
Amounts payable17/49€160k€192k▲
Amounts payable within one year42/48€160k€192k▲
Trade debts44€113k€104k▼
Suppliers440/4€113k€104k▼
Taxes, remuneration and social security45€42k€26k▼
Taxes450/3€14k€7k▼
Remuneration and social security454/9€29k€19k▼
Other amounts payable47/48€4k€61k▲
Income statement
Code20242025
Remuneration, social security and pensions62€209k€174k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€63k€67k▲
Other operating charges640/8€8k€13k▲
Gross operating margin9900€334k€424k▲
Operating profit (loss)9901€54k€170k▲
Financial income75/76B€4k€2k▼
Recurring financial income75€4k€2k▼
Financial charges65/66B€596€1k▲
Recurring financial charges65€596€1k▲
Profit (loss) for the period before taxes9903€58k€171k▲
Income taxes67/77€40k€21k▼
Profit (loss) for the period9904€17k€150k▲
Profit (loss) for the period to be appropriated9905€17k€150k▲
Appropriation of the result
Profit (loss) to be appropriated9906€55k€188k▲
Profit (loss) brought forward from the previous period14P€38k€38k=
Transfer from equity791/2-€91k
Transfer to equity691/2€17k€150k▲
To other reserves6921€17k€150k▲
Profit to be distributed694/7-€91k
Employees696-€91k
Social balance
Average headcount (FTE)90874.03.0▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
24-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
05-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-09
Financial
Highest result since 2018net €155k ▲119%
Operating result €223k, net result €155k, both a record.
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-09
Financial
Equity above €200kEq €256k ▲38.4%
3 profitable years in a row build equity to €256k.
02-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 2 days late
2021
30-09
Financial
Equity above €150kEq €185k ▲96.6%
2 profitable years in a row build equity to €185k.
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 69 days late
2019
31-12
Financial
Back to profitnet €575
Net result €575 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
11-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Wavre · 1 establishment unit since 1999
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.
Chaussée de Bruxelles 1341300 WavreGround area
709 m²
Building footprint
244 m²
Volume, LiDAR
1,592 m³
Parcel 25112N0073/00L000, Wallonia · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
M.B.A. SPRL
since 19992.024.450.475
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25112N0073/00L000 | Wallonia | 709 m² | 1 · 244 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
IDEZ
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ASI
BE 0880.622.121
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VoipDepot
BE 0535.783.755
Tielt · Eq €485k
INFOCURA
BE 0833.485.861
Holsbeek · Eq €491k
BUS & S
BE 0818.859.053
Oostkamp · Eq €493k
Of 2,120 companies in sector 46500 we hold annual accounts for 1,400. 1,014 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-03-1984
Fiscal year end30-09
Abbreviation FR
M.B.A.
Activities, NACEBEL
46500Wholesale of information and communication equipment
46510Wholesale trade
51840
52720
95210Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Sources
Crossroads Bank for EnterprisesNational Bank · 41 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.