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MBAT CONSULTING

Active
Private limited companyfounded 2004active for 22 yearsAvenue des Eglantines 15, 1410 Waterloo, BelgiumKBO/BCE: BE 0866.125.866
Summary

The computed 12-month bankruptcy probability of MBAT CONSULTING is 2.2% (moderate). The annual accounts of MBAT CONSULTING for financial year 2024 show a net loss of 96% of the equity at the start of that year. The 2024 annual accounts show equity of €2,853 and a net result of -€62,463. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 37,586 sector peers (NACE 70, financial year 2024). The company has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Business and other management consultancy
NACE 70200
1 site
Size
€991,776total assets 2024
Equity
€2,853
Loss
-€62,463
Turnover not published (micro format)
Financial health
51 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
2.2%
Structure
Holdings
1
Accounts 82 days overdue4 of 12 deeds read
Why 51raises riskFigures for financial year 2024 (filed 03-04-2025)1 change of registered office in 24 monthsLiquidity: current ratio 2.02, cash €21,151lowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Show the evidence

Checked score

Score 2024
51 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 14% of its sector peers (NACE 70, micro)
Financial strength · tick = 2023
Weak
Solvency 25-9
equity 0.3% of total assets
Liquidity 49-48
short-term debt 15.1% · cash 2.1%
Profitability 11-63
return on assets -6.3%
Bankruptcy probability, 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (48,384 companies, NACE 70, micro)
Last 24 months 11-2024: 0.5% 12-2024: 0.5%● unchanged vs 11-2024 01-2025: 0.5%● unchanged vs 12-2024 02-2025: 0.5%● unchanged vs 01-2025 03-2025: 0.5%● unchanged vs 02-2025 04-2025: 0.5%● unchanged vs 03-2025 05-2025: 0.2%▼ -0.3 percentage points vs 04-2025lowest value 06-2025: 0.2%● unchanged vs 05-2025lowest value 07-2025: 0.2%● unchanged vs 06-2025lowest value 08-2025: 0.2%● unchanged vs 07-2025lowest value 09-2025: 0.2%● unchanged vs 08-2025lowest value 10-2025: 0.2%● unchanged vs 09-2025lowest value 11-2025: 0.2%● unchanged vs 10-2025lowest value 12-2025: 0.2%● unchanged vs 11-2025lowest value 01-2026: 0.2%● unchanged vs 12-2025lowest value 02-2026: 0.6%▲ +0.4 percentage points vs 01-2026 03-2026: 0.6%● unchanged vs 02-2026 04-2026: 0.6%● unchanged vs 03-2026 05-2026: 0.6%● unchanged vs 04-2026 06-2026: 0.6%● unchanged vs 05-2026 07-2026: 0.7%▲ +0.1 percentage points vs 06-2026 08-2026: 1.1%▲ +0.4 percentage points vs 07-2026 09-2026: 1.4%▲ +0.3 percentage points vs 08-2026 10-2026: 2.2%▲ +0.8 percentage points vs 09-2026highest value
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 2.02, compared with 0.32 in 2023, above the usual 1.5; short-term debt: 15.1% and cash: 2.1% of total assets), but 99.7% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro): better than 9% on solvency, 30% on liquidity, 11% on profitability and 4% on growth.

The bankruptcy probability was computed on 20-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
lowers riskraises riskneutral
raises risk · Figures for financial year 2024 (filed 03-04-2025)
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Sector: Activities of head offices; management consultancy activities (NACE 70)
KBO
raises risk · Liquidity: current ratio 2.02, cash €21,151
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 37586 sector peers (2024).
NBB · sector comparison
Position among 37586 sector peers
Solvency
better than 10%
← weakest strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 82 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline21-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-04-2025, 119 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
119 days early
2023
133 days early
2022
28 days late
2021
10 days early
2020
115 days early
2019
15 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 61 days before the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignation: COLLIN Pascal (director)Purpose change · Amendment of…
  2. Purpose · RestructuringCapital conversion · Merger ·…
  3. RestructuringMerger · Capital · Shareholding

Key points

  • Caution: Equity fell in 2024from €65,316 to €2,853 ▼ 95.6% View
  • Caution: Among the weakest 5% on net resultsector median €26,147 · 37,611 companies -€62,463 View
  • Caution: Accounts not fileddeadline was 31-07-2026 82 days late View
  • A director leftlatest change 02-01-2026 · 0 in office 1 left View

By topic

Financials

Financial year
2024
Total assets
€991,776
Loss
-€62,463
Solvency
0.3%
Total assets▲ 41.5%
Net result
20182024
Go to Financials

Timeline

Events
26
Since
2006
  1. 03-04-2025Annual accounts filed
  2. 31-12-2024Liquidity more than 6 times
  3. 20-03-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Business and other management consultancyNACE 70200
Founded
02-07-2004
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
13
Purpose
“L'organisation des services comptables et le conseil en ces matières; Les conseils en…” (deed in French)
Go to Articles of association

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