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Mbc Projects

Active
Private limited companyfounded 20179 yrs activeBrabantdam 44, 9000 Gent, BelgiumKBO/BCE: BE 0676.919.646
Summary

The computed 12-month bankruptcy probability of Mbc Projects is 2.3% (moderate). The 2025 annual accounts show negative equity (-€10,201) and a net result of €20,918. Equity is shrinking by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 15% of 13617 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability100=
Solvency0=
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
2.3% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.7 against 0.29 in 2024; short-term debt: 143.2% and cash: 10.9% of total assets), and equity is negative.
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← 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 2025
Solvency, return and age of the figures
Solvency
-45.5%
Return on assets
93.2%
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 15% of 13617 sector peers (2025).
NBB · sector comparison
Position among 13617 sector peers
Solvency
better than 15%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 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 · 8 filings
Deviation from the deadline
2025
10 d late
2024
14 d late
2023
78 d late
2022
64 d late
2021
95 d late
2020
100 d late
2019
83 d late
← 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 63 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.

Checked, nothing found (2)
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. Usually files around 3 October (4 of the last 5 filed years within 50 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 14 June 2017, Mbc Projects was incorporated.1 Total assets went from EUR 59,156 in 2018 to EUR 22,436 in 2025 and headcount from 2.3 full-time equivalents in 2018 to 4.2 in 2022.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018, 2022 and 2025

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Financials · fiscal year 2025, micro schema

Equity
-€10,201▲ 67.2%
2024 · -€31,119
Total assets
€22,436▲ 79.6%
2024 · €12,493
Net result
€20,918▲ 7.7%
2024 · €19,430
Working capital
-€9,684▲ 68.2%
2024 · -€30,455
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service 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-€9,438▼ 17.1%-€15,474▼ 64.0%€3,889€20,530▲ 428%€21,663▲ 5.5%
Net result-€8,477below the sector's middle half▼ 1.6%-€16,078below the sector's middle half▼ 89.7%€1,986within the sector's middle half€19,430within the sector's middle half▲ 878%€20,918within the sector's middle half▲ 7.7%
Equity-€36,457below the sector's middle half▼ 30.3%-€52,535below the sector's middle half▼ 44.1%-€50,549below the sector's middle half▲ 3.8%-€31,119below the sector's middle half▲ 38.4%-€10,201below the sector's middle half▲ 67.2%
Total assets€47,945below the sector's middle half▼ 4.8%€33,765below the sector's middle half▼ 29.6%€13,164below the sector's middle half▼ 61.0%€12,493below the sector's middle half▼ 5.1%€22,436below the sector's middle half▲ 79.6%
Debt€84,402▲ 7.7%€86,300▲ 2.2%€63,713▼ 26.2%€43,612▼ 31.5%€32,636▼ 25.2%
Working capital-€53,068below the sector's middle half▼ 12.5%-€70,219below the sector's middle half▼ 32.3%-€49,757below the sector's middle half▲ 29.1%-€30,455within the sector's middle half▲ 38.8%-€9,684within the sector's middle half▲ 68.2%
Solvency-76.0%below the sector's middle half▼ 20.5pp-155.6%below the sector's middle half▼ 79.6pp-384.0%below the sector's middle half▼ 228.4pp-249.1%below the sector's middle half▲ 134.9pp-45.5%below the sector's middle half▲ 203.6pp
Current ratio0.31below the sector's middle half▲ 0.010.17below the sector's middle half▼ 0.140.21below the sector's middle half▲ 0.040.29below the sector's middle half▲ 0.080.70within the sector's middle half▲ 0.41
Return on assets (ROA)-17.7%below the sector's middle half▼ 1.1pp-47.6%below the sector's middle half▼ 29.9pp15.1%within the sector's middle half▲ 62.7pp155.5%above the sector's middle half▲ 140.4pp93.2%above the sector's middle half▼ 62.3pp
Staff (FTE)2.7below the sector's middle half4.2within the sector's middle half▲ 55.6%0▼ 100%
above within below the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000-€10,000€0€10,000€20,000Operating result 2021: -€9,438-€9,438Net result 2021: -€8,477-€8,477Operating result 2022: -€15,474-€15,474Net result 2022: -€16,078-€16,078Operating result 2023: €3,889€3,889Net result 2023: €1,986€1,986Operating result 2024: €20,530€20,530Net result 2024: €19,430€19,430Operating result 2025: €21,663€21,663Net result 2025: €20,918€20,91820212022202320242025€0€10,000€20,000Operating result 2023: €3,889€3,890Net result 2023: €1,986€1,990Operating result 2024: €20,530€20,500Net result 2024: €19,430€19,400Operating result 2025: €21,663€21,700Net result 2025: €20,918€20,900202320242025
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 6% above 2024 and is the highest result in the available series.
Key figures and ratios
2025 value · change against 2024
Debt to equity
-3.20▼
2024 · -1.40
Debt ≤ 1 year
€32,120▼
2024 · €42,948
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,180 companies that looked in July 2024 the way this one looks now, 4.8% went bankrupt within 24 months and 89% are still going.

  • Micro
  • 5 to 10 years old
  • negative equity
  • a profit of 5% of the balance sheet or more
4.8% went bankrupt
5.8% stopped otherwise
89% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.3% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

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 2,180 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 32 lines
Balance sheet Code20242025
Assets
Total assets20/58€12,493€22,436▲
Current assets29/58€12,493€22,436▲
Amounts receivable within one year40/41€6,047€19,984▲
Trade receivables40€6,047€19,984▲
Other amounts receivable41€0-
Cash at bank and in hand54/58€6,446€2,451▼
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€12,493€22,436▲
Equity10/15-€31,119-€10,201▲
Contributions10/11€12,400€12,400=
Profit (loss) carried forward14-€43,519-€22,601▲
Amounts payable17/49€43,612€32,636▼
Amounts payable within one year42/48€42,948€32,120▼
Current portion of amounts payable after more than one year42€0-
Trade debts44€467€555▲
Suppliers440/4€467€555▲
Taxes, remuneration and social security45€2,171€2,991▲
Taxes450/3€2,171€2,991▲
Other amounts payable47/48€40,311€28,573▼
Accrued charges and deferred income492/3€664€517▼
Income statement Code20242025
Other operating charges640/8€528€1,392▲
Gross operating margin9900€21,057€23,055▲
Operating profit (loss)9901€20,530€21,663▲
Financial income75/76B€399€0▼
Recurring financial income75€399€0▼
Financial charges65/66B€1,499€744▼
Recurring financial charges65€1,499€744▼
Profit (loss) for the period before taxes9903€19,430€20,918▲
Profit (loss) for the period9904€19,430€20,918▲
Profit (loss) for the period to be appropriated9905€19,430€20,918▲
Appropriation of the result
Profit (loss) to be appropriated9906-€43,519-€22,601▲
Profit (loss) brought forward from the previous period14P-€62,949-€43,519▲

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Remuneration, social security and pensions62€10,473€20,049€0---
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,752€4,987€0---
Other operating charges640/8€1,104€1,491€713€528€1,392▲ 164%
Gross operating margin9900€7,891€11,053€4,602€21,057€23,055▲ 9.5%
Operating profit (loss)9901-€9,438-€15,474€3,889€20,530€21,663▲ 5.5%
Financial income75/76B€1,696€1,059€316€399€0▼ 100%
Recurring financial income75€1,696€1,059€316€399€0▼ 100%
Financial charges65/66B€734€1,663€2,220€1,499€744▼ 50.3%
Recurring financial charges65€734€1,663€2,220€1,499€744▼ 50.3%
Profit (loss) for the period before taxes9903-€8,477-€16,078€1,986€19,430€20,918▲ 7.7%
Profit (loss) for the period9904-€8,477-€16,078€1,986€19,430€20,918▲ 7.7%
Profit (loss) for the period to be appropriated9905-€8,477-€16,078€1,986€19,430€20,918▲ 7.7%
Line20212022202320242025Change
Assets
Total assets20/58€47,945€33,765€13,164€12,493€22,436▲ 79.6%
Fixed assets21/28€24,570€19,583€0---
Tangible fixed assets22/27€24,570€19,583€0---
Plant, machinery and equipment23€425€0----
Furniture and vehicles24€24,144€19,583€0---
Current assets29/58€23,375€14,182€13,164€12,493€22,436▲ 79.6%
Amounts receivable within one year40/41€7,647€5,670€9,139€6,047€19,984▲ 230%
Trade receivables40€846€572€480€6,047€19,984▲ 230%
Other amounts receivable41€6,801€5,098€8,659€0--
Cash at bank and in hand54/58€15,065€7,833€3,709€6,446€2,451▼ 62.0%
Deferred charges and accrued income490/1€663€678€316€0--
Equity and liabilities
Total equity and liabilities10/49€47,945€33,765€13,164€12,493€22,436▲ 79.6%
Equity10/15-€36,457-€52,535-€50,549-€31,119-€10,201▲ 67.2%
Contributions10/11€12,400€12,400€12,400€12,400€12,400=
Profit (loss) carried forward14-€48,857-€64,935-€62,949-€43,519-€22,601▲ 48.1%
Amounts payable17/49€84,402€86,300€63,713€43,612€32,636▼ 25.2%
Amounts payable after more than one year17€6,040€871€0---
Financial debts170/4€6,040€871€0---
Amounts payable within one year42/48€76,444€84,400€62,921€42,948€32,120▼ 25.2%
Current portion of amounts payable after more than one year42€5,075€5,169€871€0--
Trade debts44€18,669€13,677€7,880€467€555▲ 19.0%
Suppliers440/4€18,669€13,677€7,880€467€555▲ 19.0%
Taxes, remuneration and social security45€5,094€8,238€5,933€2,171€2,991▲ 37.8%
Taxes450/3€3,942€7,235€5,933€2,171€2,991▲ 37.8%
Remuneration and social security454/9€1,152€1,003€0---
Other amounts payable47/48€47,605€57,316€48,237€40,311€28,573▼ 29.1%
Accrued charges and deferred income492/3€1,919€1,029€792€664€517▼ 22.2%
Line20212022202320242025Change
Profit (loss) for the period9904-€8,477-€16,078€1,986€19,430€20,918▲ 7.7%
+ Depreciation and write-downs630€5,752€4,987€0---
Operating cash flow (approximation)-€2,725-€11,091€1,986€19,430€20,918▲ 7.7%
Investment in fixed assets (approximation)-€0€19,583---
Change in cash--€7,232-€4,124€2,737-€3,995▼ 246%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
10-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 10 days late
2025
31-12
Financial Highest result since 2018net €20,918 ▲7.7%
Operating result €21,663, net result €20,918, both a record.
14-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2024
17-10
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 78 days late
2023
31-12
Financial Back to profitnet €1,986
Net result €1,986 after 3 loss-making years.
03-10
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 64 days late
2022
03-11
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 95 days late
2021
08-11
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 100 days late
2020
22-10
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 83 days late
2019
31-12
Financial Back to profitnet €808
Net result €808 after one loss-making year.
30-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
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, Gent · 1 establishment unit since 2017
seat establishment The establishment unit on the map
Ground area
33 m²
Building footprint
47 m²
Volume, LiDAR
617 m³
Parcel 44804D1798/00E000, Flanders · tallest building 16.9 m, ±5 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Mbc projects
Brabantdam 44, 9000 GentRetail trade
since 20172.268.391.916
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44804D1798/00E000 Flanders 33 m² 1 · 47 m² 16.9 m · 5 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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. MAISON BONTINCK 100%
  2. Mbc Projects

Highest known parent: MAISON BONTINCK. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 21,853 companies in sector 56112 we hold annual accounts for 9,777. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded14-06-2017
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0676919646
Also 9925:BE0676919646
Registered 26-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.