MBADVICE
ActiveSummary
MBADVICE has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €154,593 and a net result of €49,305. Equity is shrinking by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 45% of 8737 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88▲+3
Solvency72▼-10
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity ample (current ratio 1.85 against 2.26 in 2024; short-term debt: 52.8% and cash: 55.1% of total assets), but 52.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
47.2%
Return on assets
15%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 20-10-2025, 103 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
103 d early
2024
105 d early
2023
96 d early
2022
96 d early
2021
109 d early
2020
82 d early
2019
63 d early
← 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 93 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€154,593▼ 6.5%
2024 · €165,289
Total assets
€327,606▲ 12.3%
2024 · €291,686
Net result
€49,305▲ 29.2%
2024 · €38,154
Working capital
€147,657▼ 7.0%
2024 · €158,831
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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€262,877▲ 301%€51,110▼ 80.6%€10,419▼ 79.6%€54,870▲ 427%€70,780▲ 29.0%
Net result€191,664above the sector's middle half▲ 337%€36,632within the sector's middle half▼ 80.9%€5,395within the sector's middle half▼ 85.3%€38,154within the sector's middle half▲ 607%€49,305within the sector's middle half▲ 29.2%
Equity€190,108within the sector's middle half▼ 4.2%€191,739within the sector's middle half▲ 0.9%€162,134within the sector's middle half▼ 15.4%€165,289within the sector's middle half▲ 1.9%€154,593within the sector's middle half▼ 6.5%
Total assets€438,621within the sector's middle half▲ 18.9%€318,020below the sector's middle half▼ 27.5%€312,999below the sector's middle half▼ 1.6%€291,686below the sector's middle half▼ 6.8%€327,606within the sector's middle half▲ 12.3%
Debt€248,514▲ 45.7%€126,281▼ 49.2%€150,864▲ 19.5%€126,397▼ 16.2%€173,013▲ 36.9%
Working capital€181,621▼ 4.2%€186,947▲ 2.9%€158,681▼ 15.1%€158,831▲ 0.1%€147,657▼ 7.0%
Solvency43.3%within the sector's middle half▼ 10.4pp60.3%within the sector's middle half▲ 16.9pp51.8%within the sector's middle half▼ 8.5pp56.7%within the sector's middle half▲ 4.9pp47.2%within the sector's middle half▼ 9.5pp
Staff (FTE)0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 29% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €327,606
Fixed assets
€6,936 ▲ 7.4%
Current assets
€320,671 ▲ 12.4%
Equity and liabilities €327,606
Equity
€154,593 ▼ 6.5%
Debt
€173,013 ▲ 36.9%
Debt's share of the balance-sheet total rises from 43.3% to 52.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€71,973▲
2024 · €55,382
Cash flow
€50,498▲
2024 · €38,667
Current ratio
1.85▼
2024 · 2.26
Debt to equity
1.12▲
2024 · 0.76
ROE
31.9%▲
2024 · 23.1%
ROA
15.0%▲
2024 · 13.1%
Interest coverage
53.47▼
2024 · 62.39
Debt ≤ 1 year
€173,013▲
2024 · €126,397
Income taxes
€20,148▲
2024 · €15,836
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,324 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,168 | €3,694 | €1,339 | €512 | €1,194 | ▲ 133% |
| Other operating charges640/8 | - | €1,602 | €2,008 | €1,650 | €1,493 | ▼ 9.5% |
| Gross operating margin9900 | €271,199 | €56,406 | €13,765 | €57,032 | €73,466 | ▲ 28.8% |
| Operating profit (loss)9901 | €262,877 | €51,110 | €10,419 | €54,870 | €70,780 | ▲ 29.0% |
| Financial income75/76B | - | €1,404 | €1,553 | €8 | €19 | ▲ 129% |
| Recurring financial income75 | €2 | €1,404 | €1,553 | €8 | €19 | ▲ 129% |
| Financial charges65/66B | - | €1,859 | €617 | €888 | €1,346 | ▲ 51.7% |
| Recurring financial charges65 | €900 | €1,859 | €617 | €888 | €1,346 | ▲ 51.7% |
| Profit (loss) for the period before taxes9903 | €261,980 | €50,656 | €11,356 | €53,991 | €69,453 | ▲ 28.6% |
| Income taxes67/77 | €70,316 | €14,024 | €5,960 | €15,836 | €20,148 | ▲ 27.2% |
| Profit (loss) for the period9904 | €191,664 | €36,632 | €5,395 | €38,154 | €49,305 | ▲ 29.2% |
| Profit (loss) for the period to be appropriated9905 | €191,664 | €36,632 | €5,395 | €38,154 | €49,305 | ▲ 29.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €438,621 | €318,020 | €312,999 | €291,686 | €327,606 | ▲ 12.3% |
| Fixed assets21/28 | €8,487 | €4,793 | €3,454 | €6,458 | €6,936 | ▲ 7.4% |
| Tangible fixed assets22/27 | €8,388 | €4,694 | €3,355 | €6,359 | €6,837 | ▲ 7.5% |
| Plant, machinery and equipment23 | - | €410 | €0 | €3,005 | €3,482 | ▲ 15.9% |
| Furniture and vehicles24 | - | €4,284 | €3,355 | €3,355 | €3,355 | = |
| Financial fixed assets28 | €99 | €99 | €99 | €99 | €99 | = |
| Current assets29/58 | €430,135 | €313,227 | €309,545 | €285,228 | €320,671 | ▲ 12.4% |
| Amounts receivable within one year40/41 | €155,009 | €74,736 | €94,238 | €60,956 | €137,960 | ▲ 126% |
| Trade receivables40 | - | €44,490 | €48,103 | €32,726 | €72,667 | ▲ 122% |
| Other amounts receivable41 | - | €30,246 | €46,135 | €28,230 | €65,293 | ▲ 131% |
| Cash at bank and in hand54/58 | €267,807 | €236,858 | €213,823 | €222,591 | €180,511 | ▼ 18.9% |
| Deferred charges and accrued income490/1 | - | €1,633 | €1,484 | €1,681 | €2,199 | ▲ 30.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €438,621 | €318,020 | €312,999 | €291,686 | €327,606 | ▲ 12.3% |
| Equity10/15 | €190,108 | €191,739 | €162,134 | €165,289 | €154,593 | ▼ 6.5% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €177,708 | €179,339 | €149,734 | €152,889 | €142,193 | ▼ 7.0% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | €177,479 | €147,874 | €152,889 | €142,193 | ▼ 7.0% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €248,514 | €126,281 | €150,864 | €126,397 | €173,013 | ▲ 36.9% |
| Amounts payable within one year42/48 | €248,514 | €126,281 | €150,864 | €126,397 | €173,013 | ▲ 36.9% |
| Financial debts43 | - | €6,667 | €6,667 | €5,000 | €6,763 | ▲ 35.3% |
| Credit institutions430/8 | - | €6,667 | €6,667 | €5,000 | €6,763 | ▲ 35.3% |
| Trade debts44 | €149,865 | €84,614 | €109,198 | €85,729 | €101,876 | ▲ 18.8% |
| Suppliers440/4 | - | €84,614 | €109,198 | €85,729 | €101,876 | ▲ 18.8% |
| Taxes, remuneration and social security45 | - | €0 | - | €668 | €3,500 | ▲ 424% |
| Taxes450/3 | - | €0 | - | €668 | €3,500 | ▲ 424% |
| Other amounts payable47/48 | - | €35,000 | €35,000 | €35,000 | €60,873 | ▲ 73.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €191,664 | €36,632 | €5,395 | €38,154 | €49,305 | ▲ 29.2% |
| + Depreciation and write-downs630 | €5,168 | €3,694 | €1,339 | €512 | €1,194 | ▲ 133% |
| Operating cash flow (approximation) | €196,832 | €40,326 | €6,734 | €38,667 | €50,498 | ▲ 30.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€3,517 | -€1,671 | ▲ 52.5% |
| Change in cash | - | -€30,949 | -€23,035 | €8,768 | -€42,080 | ▼ 580% |
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
20-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
18-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Weakest financial yearnet €5,395 ▼85.3%
Net result drops to €5,395, the lowest in the series; recovery starts the following year.
2022
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-06
Financial
Highest result since 2019net €191,664 ▲337%
Operating result €262,877, net result €191,664, both a record.
2020
10-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
29-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
16-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
07-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
25-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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, Heist-op-den-Berg · 1 establishment unit since 2002
Ground area
825 m²
Building footprint
113 m²
Volume, LiDAR
668 m³
Parcel 12017A0202/00V004, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Bevelsesteenweg(ITE) 14, 2222 Heist-op-den-Berg
since 20022.115.329.775
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12017A0202/00V004 | Flanders | 824 m² | 1 · 113 m² | 8.3 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 4,500 EUR awarded · 4,500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 4,500 EUR | 4,500 EUR |
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 40,794 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
Founded10-05-2002
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477511303
Also
9925:BE0477511303
Registered
30-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.