mBark
ActiveSummary
mBark has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €154k and a net result of €57k. Equity is growing by ~56.8% per year across the filed fiscal years. Its solvency ranks better than 21% of 20780 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability81▲+9
Solvency52▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity short (current ratio 0.98 against 0.8 in 2023; short-term debt: 19.4% and cash: 3.6% of total assets), and 73.4% 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+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 20780 sector peers (2024).
NBB · sector comparisonPosition among 20780 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
22 d early
2022
30 d late
2021
47 d late
2020
47 d late
2019
35 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€154k▲ 58.2%
2023 · €97k
Total assets
€578k▲ 1.5%
2023 · €569k
Net result
€57k▲ 67.6%
2023 · €34k
Working capital
€-3k▲ 87.9%
2023 · €-22k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€6k▼ 47.3%€40k▲ 546%€37k▼ 5.8%€57k▲ 53.8%€83k▲ 45.6%
Net result€3k▼ 44.3%€25k▲ 702%€13k▼ 49.8%€34k▲ 164%€57k▲ 67.6%
Equity€25k▲ 14.4%€51k▲ 101%€63k▲ 25.2%€97k▲ 53.2%€154k▲ 58.2%
Total assets€106k▲ 15.9%€609k▲ 473%€568k▼ 6.8%€569k▲ 0.2%€578k▲ 1.5%
Debt€81k▲ 16.4%€558k▲ 589%€504k▼ 9.7%€472k▼ 6.4%€424k▼ 10.2%
Working capital€19k▲ 76.2%€10k▼ 44.6%€-21k€-22k▼ 5.9%€-3k▲ 87.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 46% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €578k
Fixed assets
€468k ▼ 2.9%
Current assets
€109k ▲ 25.9%
Equity and liabilities €578k
Equity
€154k ▲ 58.2%
Debt
€424k ▼ 10.2%
Debt's share of the balance-sheet total falls from 82.9% to 73.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€106k▲
2023 · €78k
Cash flow
€79k▲
2023 · €55k
Current ratio
0.98▲
2023 · 0.80
Quick ratio
0.58▲
2023 · 0.50
Debt to equity
2.76▼
2023 · 4.86
ROE
36.8%▲
2023 · 34.7%
ROA
9.8%▲
2023 · 5.9%
Interest coverage
8.80▲
2023 · 5.48
Debt ≤ 1 year
€112k▲
2023 · €109k
Debt > 1 year
€312k▼
2023 · €363k
Income taxes
€15k▲
2023 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €14k | €19k | €21k | €22k | ▲ 4.6% |
| Other operating charges640/8 | - | €47k | €2k | €2k | €3k | ▲ 38.9% |
| Gross operating margin9900 | €21k | €100k | €59k | €81k | €109k | ▲ 34.7% |
| Operating profit (loss)9901 | €6k | €40k | €37k | €57k | €83k | ▲ 45.6% |
| Financial income75/76B | - | - | - | €6 | €7 | ▲ 21.4% |
| Recurring financial income75 | €15 | - | - | €6 | €7 | ▲ 21.4% |
| Financial charges65/66B | - | €8k | €20k | €14k | €12k | ▼ 16.3% |
| Recurring financial charges65 | €1k | €8k | €20k | €14k | €12k | ▼ 16.3% |
| Profit (loss) for the period before taxes9903 | €5k | €32k | €17k | €43k | €71k | ▲ 66.2% |
| Income taxes67/77 | €2k | €6k | €4k | €9k | €15k | ▲ 60.9% |
| Profit (loss) for the period9904 | €3k | €25k | €13k | €34k | €57k | ▲ 67.6% |
| Profit (loss) for the period to be appropriated9905 | €3k | €25k | €13k | €34k | €57k | ▲ 67.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €106k | €609k | €568k | €569k | €578k | ▲ 1.5% |
| Fixed assets21/28 | €40k | €520k | €498k | €482k | €468k | ▼ 2.9% |
| Tangible fixed assets22/27 | €40k | €520k | €498k | €482k | €468k | ▼ 2.9% |
| Land and buildings22 | - | €493k | €488k | €470k | €455k | ▼ 3.1% |
| Plant, machinery and equipment23 | - | €4k | €7k | €9k | €10k | ▲ 15.9% |
| Furniture and vehicles24 | - | €23k | €1k | €2k | €2k | ▼ 16.3% |
| Leasing and similar rights25 | - | - | €2k | €1k | €324 | ▼ 70.1% |
| Current assets29/58 | €66k | €89k | €70k | €87k | €109k | ▲ 25.9% |
| Stocks and contracts in progress3 | €17k | €29k | €30k | €32k | €44k | ▲ 36.8% |
| Stocks30/36 | - | €29k | €30k | €32k | €44k | ▲ 36.8% |
| Amounts receivable within one year40/41 | €29k | €39k | €28k | €35k | €37k | ▲ 4.5% |
| Trade receivables40 | - | €16k | €14k | €18k | €19k | ▲ 8.5% |
| Other amounts receivable41 | - | €22k | €14k | €18k | €18k | ▲ 0.4% |
| Cash at bank and in hand54/58 | €20k | €17k | €12k | €18k | €21k | ▲ 15.6% |
| Deferred charges and accrued income490/1 | - | €4k | €308 | €951 | €7k | ▲ 650% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €106k | €609k | €568k | €569k | €578k | ▲ 1.5% |
| Equity10/15 | €25k | €51k | €63k | €97k | €154k | ▲ 58.2% |
| Contributions10/11 | - | €12k | €12k | €12k | €12k | = |
| Reserves13 | €13k | €38k | €51k | €85k | €141k | ▲ 66.8% |
| Non-distributable reserves130/1 | - | €507 | €507 | - | - | - |
| Reserves not available under the articles1311 | - | €507 | €507 | - | - | - |
| Distributable reserves133 | - | €38k | €50k | €85k | €141k | ▲ 66.8% |
| Profit (loss) carried forward14 | €4k | - | - | - | - | - |
| Amounts payable17/49 | €81k | €558k | €504k | €472k | €424k | ▼ 10.2% |
| Amounts payable after more than one year17 | €33k | €480k | €414k | €363k | €312k | ▼ 14.1% |
| Financial debts170/4 | - | €480k | €414k | €363k | €312k | ▼ 14.1% |
| Amounts payable within one year42/48 | €48k | €79k | €91k | €109k | €112k | ▲ 2.8% |
| Current portion of amounts payable after more than one year42 | - | €54k | €78k | €79k | €73k | ▼ 7.0% |
| Trade debts44 | €22k | €7k | €6k | €5k | €5k | ▼ 11.8% |
| Suppliers440/4 | - | €7k | €6k | €5k | €5k | ▼ 11.8% |
| Taxes, remuneration and social security45 | - | €7k | €986 | €14k | €17k | ▲ 15.8% |
| Taxes450/3 | - | €4k | €930 | €14k | €14k | ▼ 3.9% |
| Remuneration and social security454/9 | - | €3k | €56 | - | €3k | - |
| Other amounts payable47/48 | - | €11k | €6k | €11k | €18k | ▲ 63.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €25k | €13k | €34k | €57k | ▲ 67.6% |
| + Depreciation and write-downs630 | €13k | €14k | €19k | €21k | €22k | ▲ 4.6% |
| Operating cash flow (approximation) | €16k | €39k | €32k | €55k | €79k | ▲ 43.4% |
| Investment in fixed assets (approximation) | - | €-494k | €3k | €-5k | €-8k | ▼ 49.3% |
| Change in cash | - | €-2k | €-6k | €6k | €3k | ▼ 54.9% |
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
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Highest result since 2018net €57k ▲67.6%
Operating result €83k, net result €57k, both a record.
31-12
Financial
Equity above €150kEq €154k ▲58.2%
7 profitable years in a row build equity to €154k.
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
16-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 47 days late
2021
16-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 47 days late
2020
31-12
Financial
Weakest financial yearnet €3k ▼44.3%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
04-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 35 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Kontich · 1 establishment unit since 2018
Ground area
1,370 m²
Building footprint
208 m²
Volume, LiDAR
803 m³
Parcel 11602C0168/00N002, Flanders · tallest building 10.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
mBark
since 20182.283.261.521
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11602C0168/00N002 | Flanders | 1,370 m² | 1 · 208 m² | 10.7 m · 1 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.
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Of 30,002 companies in sector 62200 we hold annual accounts for 18,390. 15,305 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
Founded13-11-2018
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
47761Retail sale of flowers, plants, seeds and fertilisers
68203Renting and operating of own or leased non-residential real estate, excluding land
85599Other education
Scores and ratios are computed by Checked and are not a credit decision.