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Complete company report
Generated 17-07-2026
Active BE 0805.787.809Private limited company

MBARY

Drapstraat 112 ·9220 Hamme (Vl.), Belgium· 2 yrs active
Sector: Specialised construction (43990)
Conclusion Checked

The computed 12-month bankruptcy probability of MBARY is 2.8% (moderate). The 2025 annual accounts show equity of €122k and a net result of €16k. Its solvency ranks better than 80% of 2855 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.
Key figures
Equity €122k
Net result €16k
Better than sector 80%
Active 2 yrs
Snowflake analysis 5 axes · computed by Checked
Health95Profitability47Solvency100Growth35Stability82
72 / 100

Strong profile, led by solvency.

Health 95
Profitability 47
Solvency 100
Growth 35
Stability 82
Bankruptcy probability (12 mo) Checked model v1 · free
2.8% Moderate
0%0,5%1,5%4%10%≥25%
Young company +Higher-failure-rate sector +Multiple establishment units +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Young company
Founded in 2023, under 3 years, statistically higher risk.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2025 · computed
95 / 100 Excellent
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview2 NBB filings
Annual accounts filed on 09-06-2026 with the NBB · fiscal year 2025 · micro
€0€200k€400kRevenue 2024: €430k€430kOperating result 2024: €164k€164kNet result 2024: €165k€165kRevenue 2025: €369k€369kOperating result 2025: €17k€17kNet result 2025: €16k€16k20242025
RevenueOperating resultNet result
Sector comparison
Fiscal year 2025 · NACE 43, Specialised construction · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 69.8% 43.4%
better than 80% of 2855 sector peers
Net result €16k €14k
better than 54% of 2854 sector peers
Equity €122k €44k
better than 82% of 2855 sector peers
Gross operating margin €63k €39k
better than 66% of 2852 sector peers
Staff costs €39k €30k
higher than 54% of 922 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Revenue
€369k
-14.0% 24-25
EBITDA
€20k
-87.9% +80% vs sector
Net profit
€16k
-90.1% +210% vs sector
Cash flow
€19k
-88.4% +153% vs sector
Total assets
€175k
+1.0% -77% vs sector
Equity
€122k
+15.3% +19% vs sector
Working capital
€111k
+6.0% -35% vs sector
Staff costs
€39k
+1172.5% -66% vs sector
Income taxes
€193
- -93% vs sector
Dividends
€60k
- -92% vs sector
Debt
€53k
-21.7% -84% vs sector
Debt ≤ 1y
€53k
-21.7% -84% vs sector
Current ratio
3.10
+21.5% +119% vs sector
Quick ratio
2.54
-0.5% +123% vs sector
Solvency
69.8%
+14.2% +75% vs sector
Debt / equity
0.43
-32.1% -67% vs sector
ROE
13.3%
-91.4% +141% vs sector
ROA
9.3%
-90.2% far above sector median
Net margin
4.4%
-88.5% 24-25
EBITDA margin
5.4%
-86.0% 24-25
Interest coverage
48.70
-89.3% far above sector median
Figures by fiscal year
Fiscal year2025
Revenue€369k
EBITDA€20k
Net profit€16k
Cash flow€19k
Staff costs€39k
Income taxes€193
Dividends-
Total assets€175k
Equity€122k
Debt€53k
of which ≤ 1y€53k
of which > 1y-
Working capital€111k
Employees (FTE)-
Ratios (computed)
2025
Current ratio3.10
Quick ratio2.54
Working capital ratio63.2%
Solvency69.8%
Debt / equity0.43
Long-term debt ratio-
Interest coverage48.70
Gross margin17.1%
Net margin4.4%
ROA9.3%
ROE13.3%
EBITDA margin5.4%
Days sales outstanding108d
Days payable outstanding63d
Inventory turnover10.37
Days inventory (DSI)35d
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€175k
Fixed assets 21/28€12k
Tangible fixed assets 22/27€12k
Current assets 29/58€164k
Stocks & contracts in progress 3€30k
Amounts receivable within one year 40/41€111k
Cash & bank 54/58€23k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€175k
Equity 10/15€122k
Contributions / capital 10/11€1k
Accumulated profits (losses) 14€121k
Amounts payable 17/49€53k
Amounts payable within one year 42/48€53k
Trade debts payable within one year 44€53k
Income statement
Turnover 70€369k
Gross operating margin 9900€63k
Operating result 9901€17k
Financial charges 65€407
Result before taxes 9903€16k
Income taxes 67/77€193
Net result for the period 9904€16k
Result to be appropriated 9905€16k
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Ratios computed by Checked.
Legal Structure
NACE primary Specialised construction(43990)
Legal form Private limited company(610)
Incorporation13-09-2023
StatusActive
Postal code9220
Establishment units 2 locations
MBARY
Drapstraat 112, 9220 Hamme (Vl.)Bouw van water- en gasdistributienetten
since 20232.349.571.117
PITTA BERLIN
Patershoek 18, 9100 Sint-NiklaasActiviteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden
since 20252.372.831.717
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
46021A0520/00D002 Flanders 619 m² 1 · 122 m² 9.0 m · 2 fl.
42008A0107/00Y000 Flanders 97 m² 1 · 49 m² 9.0 m · 3 fl.
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.
Updates 3 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
09-06-2026
NBB filing Annual accounts filed
fiscal year 2025 · micro
2025
01-07-2025
NBB filing Annual accounts filed
fiscal year 2024 · volledig
2024
04-10-2024
State Gazette act Capital & shares
Belgisch Staatsblad, acts 1 acts
Capital history · 1
04-10-2024
Capital change
All acts · 1 updated 1 year ago
2024
04-10-2024 Transaction in capital or shares Capital & shares
Technical details 
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  "events": [
    {
      "kind": "share_transfer",
      "after_eur": null,
      "delta_eur": null,
      "before_eur": null,
      "subscribers": [
        {
          "kbo": null,
          "rrn": null,
          "kind": "person",
          "name": "YILDIRIM MUHAMMED ALI",
          "share_class": null,
          "liberation_pct": null,
          "contribution_kind": null,
          "n_shares_subscribed": 1000,
          "contribution_amount_eur": null
        }
      ],
      "decrease_purpose": null,
      "contribution_type": null,
      "paid_up_delta_eur": null,
      "n_shares_destroyed": null,
      "not_yet_called_eur": null,
      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Luik",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": null,
    "filing_date": "2024-09-23",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "buitengewone_algemene_vergadering",
    "act_date": "2024-09-18",
    "unanimous": null,
    "under_authorized_capital": false,
    "underlying_resolution_date": "2024-09-18"
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0805.787.809",
    "name_full": "MBARY",
    "legal_form": "BESLOTEN VENNOOTSCHAP",
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "shareholders_after": [
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "YILDIRIM MUHAMMED ALI",
      "role": "g\u00E9rant_statutaire",
      "n_shares": 0,
      "share_class": null
    },
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "\u00D6ZDEMIR SUNA",
      "role": "aandeelhouder",
      "n_shares": 1000,
      "share_class": null
    }
  ],
  "share_classes_after": []
}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Overige gespecialiseerde bouwactiviteiten, neg43990Restaureren van bouwwerken43995Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden56112Slopen43110Slopen43110Bouwrijp maken van terreinen43120Bouwrijp maken van terreinen43120Installatie van isolatie43230Overige bouwinstallatie43240Isolatiewerkzaamheden43291Overige bouwinstallatie, n.e.g.43299Overige werkzaamheden in verband met de afwerking van gebouwen43350Overige werkzaamheden in verband met de afwerking van gebouwen43390Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden56112
Primary activity highlighted.
Names & trade names
Legal nameNL MBARY
Registered office
Drapstraat 112
9220 Hamme (Vl.), Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative