Checked.be
Active
BE 1005.208.426Private limited company
MBCL
Pantserschipstraat 159 ·9000 Gent, Belgium· 2 yrs active
Sector: Renting and operating of own or leased non-residential real estate, excluding land
(68203)
Conclusion
MBCL has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €898k and a net result of €-102k. Its solvency ranks better than 68% of 1363 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Based on the State Gazette, CBE and 1 annual account.
Key figures
| Equity | €898k |
| Net result | €-102k |
| Better than sector | 68% |
| Active | 2 yrs |
Financial profile
43
/ 100
Fragile profile, watch profitability in particular.
Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.
Health
43
Profitability
0
Solvency
62
Growth
-
Stability
67
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Young company
Founded in 2024, under 3 years, statistically higher risk.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
43
/ 100
Weak
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€40k
estimate, not credit advice
Score components
Liquidity
Current ratio 0.44 (< 1.0)
-10
Quick ratio
Quick ratio 0.44 (< 0.6)
-5
Leverage
Debt/equity 0.99 (< 1.0)
+10
Profitability
Negatieve ROE -11%
-10
Interest coverage
Interest coverage 224.2× (≥ 3×)
+8
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 15-12-2025 with the NBB · fiscal year 2025 · micro schema
Sector comparison
Fiscal year 2025 · NACE 68, Real estate activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 50.3% | 22.9% | |
| Net result | €-102k | €10k | |
| Equity | €898k | €44k | |
| Gross operating margin | €32k | €39k | |
| Total assets | €1.79M | €293k |
Figures by fiscal year and ratios
| Fiscal year | 2025 |
|---|---|
| Deposit | micro schema |
| Revenue | - |
| EBITDA | €32k |
| Net profit | €-102k |
| Cash flow | €32k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €1.79M |
| Equity | €898k |
| Debt | €887k |
| of which ≤ 1y | €887k |
| of which > 1y | - |
| Working capital | €-496k |
| Employees (FTE) | - |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 0.44 |
| Quick ratio | 0.44 |
| Working capital ratio | -27.8% |
| Solvency | 50.3% |
| Debt / equity | 0.99 |
| Long-term debt ratio | - |
| Interest coverage | 224.25 |
| Gross margin | - |
| Net margin | - |
| ROA | -5.7% |
| ROE | -11.4% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2025
Full annual accounts (19 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €1.79M |
| Fixed assets | 21/28 | €1.39M |
| Tangible fixed assets | 22/27 | €1.39M |
| Current assets | 29/58 | €391k |
| Amounts receivable within one year | 40/41 | €194k |
| Cash & bank | 54/58 | €197k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.79M |
| Equity | 10/15 | €898k |
| Contributions / capital | 10/11 | €1.00M |
| Accumulated profits (losses) | 14 | €-102k |
| Amounts payable | 17/49 | €887k |
| Amounts payable within one year | 42/48 | €887k |
| Trade debts payable within one year | 44 | €2k |
| Income statement | ||
| Gross operating margin | 9900 | €32k |
| Operating result | 9901 | €-102k |
| Financial charges | 65 | €145 |
| Result before taxes | 9903 | €-102k |
| Net result for the period | 9904 | €-102k |
| Result to be appropriated | 9905 | €-102k |
Legal Structure
| NACE primary | Renting and operating of own or leased non-residential real estate, excluding land(68203) |
| Legal form | Private limited company(610) |
| Incorporation | 25-01-2024 |
| Status | Active |
| Postal code | 9000 |
Establishment units
MBCL
since 20242.354.939.175
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44813S0563/00A000 | Flanders | 1.0 ha | 1 · 509 m² | - |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2025
15-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
29-11
State Gazette act
Registered-office change
MBCL
State Gazette actNBB filing
Belgian State Gazette reading coverage
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.
Belgisch Staatsblad, acts
Address history · 1
29-11-2024
Registered-office move
All acts · 1
updated 1 year ago
2024
29-11-2024 Registered office moved within Gent
- Pantserschipstraat 163 bus unit F2, 9000 Gent → Pantserschipstraat 159, 9000 Gent
Notary:
MBCL
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_administratif",
"new_address": {
"raw": "Pantserschipstraat 159, 9000 Gent",
"city": "Gent",
"region": "vlaams_gewest",
"street": "Pantserschipstraat",
"country": "BE",
"postcode": "9000",
"box_number": null,
"street_number": "159",
"locality_suffix": null
},
"old_address": {
"raw": "Pantserschipstraat 163 bus unit F2, 9000 Gent",
"city": "Gent",
"region": "vlaams_gewest",
"street": "Pantserschipstraat",
"country": "BE",
"postcode": "9000",
"box_number": "F2",
"street_number": "163",
"locality_suffix": null
},
"effective_date": "2024-09-01",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": "MBCL",
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2024-11-29",
"filing_date": "2024-11-20",
"act_kind_objet": "Zetel (zetelverplaatsing)"
},
"decision": {
"body": "raad_van_bestuur",
"date": "2024-09-01",
"unanimous": null
},
"subject_company": {
"kbo": "1005.208.426",
"name_full": "NESRLECOND TEe ONDERN MINORECBK CEN",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Steven Vanderbeke",
"org_rep_person_name": null,
"person_role_at_subject": "Bestuurder"
},
"co_filed_documents": [
"de notulen van de bestuursvergadering dd. 01/09/2024"
]
}Credit advice
Company registry (CBE)
Activities
Renting and operating of own or leased non-residential real estate, excluding land68203Renting and leasing of other machinery, equipment and tangible goods77399Office administrative and support services82100Office administrative, office support and other business support activities82110
Names & trade names
| Legal nameNL | MBCL |
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