MBA WORKS
ActiveThe computed 12-month bankruptcy probability of MBA WORKS is 5.3% (elevated). The 2025 annual accounts show equity of €2k and a net result of €-317. Its solvency ranks better than 20% of 7331 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
36
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability66▼-8
Solvency38▼-5
Growth32
Track record82
Bankruptcy probability, 12 months
5.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.1 against 0.98 in 2024; short-term debt: 86.7% and cash: 1.7% of total assets), and 86.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
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 41
Relative position
BE, all sectors
reference
Sector 41
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 2025Solvency, return and age of the figures
Solvency
13.3%
Return on assets
-1.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 7331 sector peers (2025).
NBB · sector comparisonPosition among 7331 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
24 d early
2024
70 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€2k▼ 12.4%
2024 · €3k
2024: €3k
2024 → 2025
Total assets
€17k▲ 19.4%
2024 · €14k
2024: €14k
2024 → 2025
Net result
€-317
2024 · €558
2024: €558
2024 → 2025
Working capital
€2k
2024 · €-179
2024: €-179
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€3k-€2k▼ 12.4%
Operating result€1k-€-52
Net result€558-€-317
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €52 after €1k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €17k
Fixed assets
€719▼ 73.7%
Current assets
€16k▲ 41.8%
Equity and liabilities €17k
Equity
€2k▼ 12.4%
Debt
€15k▲ 26.4%
The debt ratio rises from 81.9% to 86.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€2k▼
2024 · €3k
Cash flow
€2k▼
2024 · €3k
Solvency
13.3%▼
2024 · 18.1%
Current ratio
1.10▲
2024 · 0.98
Quick ratio
1.10▲
2024 · 0.98
Debt / equity
6.52▲
2024 · 4.52
ROE
-14.1%▼
2024 · 21.8%
ROA
-1.9%▼
2024 · 4.0%
Interest coverage
15.71▼
2024 · 186.78
Debt
€15k▲
2024 · €12k
Debt ≤ 1 year
€15k▲
2024 · €12k
Income taxes
€140▼
2024 · €491
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€14k€17k▲
Fixed assets21/28€3k€719▼
Intangible fixed assets21€268-
Tangible fixed assets22/27€2k€719▼
Furniture and vehicles24€2k€719▼
Current assets29/58€11k€16k▲
Amounts receivable within one year40/41€7k€13k▲
Trade receivables40€5k€10k▲
Other amounts receivable41€2k€3k▲
Cash at bank and in hand54/58€387€295▼
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€14k€17k▲
Equity10/15€3k€2k▼
Contributions10/11€2k€2k=
Profit (loss) carried forward14€558€242▼
Amounts payable17/49€12k€15k▲
Amounts payable within one year42/48€12k€15k▲
Trade debts44€502€202▼
Suppliers440/4€502€202▼
Taxes, remuneration and social security45€491€631▲
Taxes450/3€491€631▲
Other amounts payable47/48€11k€14k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€1k€970▼
Gross operating margin9900€5k€3k▼
Operating profit (loss)9901€1k€-52▼
Financial charges65/66B€16€125▲
Recurring financial charges65€16€125▲
Profit (loss) for the period before taxes9903€1k€-177▼
Income taxes67/77€491€140▼
Profit (loss) for the period9904€558€-317▼
Profit (loss) for the period to be appropriated9905€558€-317▼
Appropriation of the result
Profit (loss) to be appropriated9906€558€242▼
Profit (loss) brought forward from the previous period14P-€558
The notes to these accounts (7 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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
09-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 70 days late
NBB filing
Directors · office · real estate
Directors
1 act for this company is 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, Anderlecht · 1 establishment unit since 2024
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.
Paapsemlaan 20/L221070 AnderlechtGround area
3.8 ha
Building footprint
1,578 m²
Volume, LiDAR
29,040 m³
Parcel 21306C0030/00V000, Brussels · tallest building 22.5 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
MBA WORKS
since 20242.358.421.475
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21306C0030/00V000 | Brussels | 3.8 ha | 1 · 1,578 m² | 22.5 m · 6 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
NOVATIS
BE 0776.834.792
Chaudfontaine · Eq €2k
LM Works
BE 1015.139.543
Brugge · Eq €2k
KAYA KARA
BE 0647.632.970
Elsene · Eq €2k
DMS CONCEPT
BE 1003.782.922
Sambreville · Eq €2k
MS Total Construct
BE 0794.988.838
Herentals · Eq €2k
Of 29,808 companies in sector 41001 we hold annual accounts for 16,033. 3,692 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-03-2024
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
43110Demolition
43341Painting of buildings
43350Other building finishing work
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.