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MBCL

Active
Private limited companyfounded 2024active for 2 yearsPantserschipstraat 159, 9000 Gent, BelgiumKBO/BCE: BE 1005.208.426

From the official registers: KBO 1 annual account at the National Bank publications in the Belgian Official Gazette

Summary

MBCL has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €897,945 and a net result of -€102,055. Its solvency ranks better than 66% of 17,107 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Overview

Official details

KBO
Status
Active since 25-01-2024 Normal situation
Legal form
Private limited company
Registered office
Pantserschipstraat 159, 9000 Gent
Activity
Renting and operating of own or leased non-residential real estate, excluding land NACE 68203and 2 others
Establishment unit
2.354.939.175 9000 Gent, since 25-01-2024
Financial year end
30 September
Peppol
Reachable since 06-02-2026

How it is doing

83 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.4%
Annual accounts to 30-09-2025
Gross margin
€32,421
Turnover
≈ €53,000
estimated
Loss
€102,055
Equity
€897,945
Total assets
€1.8m
2025 accounts 136 days early
Filed on 15-12-2025PDF
Why 83raises risk1 change of registered office in 24 monthsLoss of €102,055 (financial year 2025)lowers riskSize: total assets €1.8mSector: Real estate activities (NACE 68)Show the evidence

Checked score

Score 2025
83 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 48% of its sector peers (NACE 68, micro)
Financial strength
Average
Solvency 75
equity 50.3% of total assets
Liquidity 39
short-term debt 49.7% · cash 11.0%
Profitability 62
return on assets -5.7%
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,628 companies, NACE 68, micro)
Last 24 months 02-2025: 1.1% 03-2025: 1.1%● unchanged vs 02-2025 04-2025: 1.2%▲ +0.1 percentage points vs 03-2025 05-2025: 1.2%● unchanged vs 04-2025 06-2025: 1.3%▲ +0.1 percentage points vs 05-2025 07-2025: 1.4%▲ +0.1 percentage points vs 06-2025 08-2025: 1.4%● unchanged vs 07-2025 09-2025: 1.5%▲ +0.1 percentage points vs 08-2025 10-2025: 1.5%● unchanged vs 09-2025 11-2025: 1.5%● unchanged vs 10-2025 12-2025: 1.6%▲ +0.1 percentage points vs 11-2025highest value 01-2026: 0.4%▼ -1.2 percentage points vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 0.4%● unchanged vs 07-2026 09-2026: 0.4%● unchanged vs 08-2026lowest value 10-2026: 0.4%● unchanged vs 09-2026
Credit of up to €70,000 on 30-day terms, only on tighter conditions: young company (under 3 years) without a track record
Liquidity insufficient (current ratio 0.44, below 1; short-term debt: 49.7% and cash: 11% of total assets), and 49.7% 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 68, micro): better than 64% on solvency, 32% on liquidity and 49% on profitability.

The bankruptcy probability was computed on 31-10-2026 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).

Credit check for your own amount and term

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Size: total assets €1.8m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Sector: Real estate activities (NACE 68)
KBO
raises risk · Loss of €102,055 (financial year 2025)
NBB · annual accounts
raises risk · Young company
Founded in 2024, 2 years ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 years
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 15-12-2025, 136 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
136 days early
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2024.
KBO publications · our coverage

Financials · financial year 2025, micro format

Latest annual accounts filed

Annual accounts 2025

Download PDF
Financial year ended
30-09-2025
Filed on
15-12-2025
Format
micro format
Reference
2025-00581367
Turnover
≈ €53,000
Estimated: probably between €39,000 and €77,000
Total assets
€1.8m
Net result
-€102,055
Working capital
-€495,989

Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €1.8m
Fixed assets €1.4m
Current assets €391,325
Equity and liabilities €1.8m
Equity €897,945
Debt €887,314
Debt finances 49.7% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€32,421
Cash flow
€32,277
Current ratio
0.44
Debt to equity
0.99
ROE
-11.4%
ROA
-5.7%
Interest coverage
over 100
Debt ≤ 1 year
€887,314

Peer companies

Historical observation

Of the 480 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95.8% are still going.

  • Small
  • 2 to 5 years old
  • solvency 30% or more
  • a small loss
0.8% went bankrupt
3.1% stopped otherwise
95.8% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,445 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% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
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 74.5% 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 480 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 · 28 lines

Source: Annual accounts 2025 (PDF), filed with the National Bank on 15-12-2025.

Balance sheet Code2025
Assets
Total assets20/58€1.8m
Fixed assets21/28€1.4m
Tangible fixed assets22/27€1.4m
Land and buildings22€1.3m
Plant, machinery and equipment23€0.05m
Current assets29/58€0.4m
Amounts receivable within one year40/41€0.2m
Trade receivables40€0.09m
Other amounts receivable41€0.1m
Cash at bank and in hand54/58€0.2m
Equity and liabilities
Total equity and liabilities10/49€1.8m
Equity10/15€0.9m
Contributions10/11€1.0m
Profit (loss) carried forward14-€0.1m
Amounts payable17/49€0.9m
Amounts payable within one year42/48€0.9m
Trade debts44€0.002m
Suppliers440/4€0.002m
Other amounts payable47/48€0.9m
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.1m
Gross operating margin9900€0.03m
Operating profit (loss)9901-€0.1m
Financial charges65/66B€145
Recurring financial charges65€145
Profit (loss) for the period before taxes9903-€0.1m
Profit (loss) for the period9904-€0.1m
Profit (loss) for the period to be appropriated9905-€0.1m
Appropriation of the result
Profit (loss) to be appropriated9906-€0.1m

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are in the filed accounts (PDF).

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€134,332
Gross operating margin9900€32,421
Operating profit (loss)9901-€101,910
Financial charges65/66B€145
Recurring financial charges65€145
Profit (loss) for the period before taxes9903-€102,055
Profit (loss) for the period9904-€102,055
Profit (loss) for the period to be appropriated9905-€102,055
Line2025
Assets
Total assets20/58€1.8m
Fixed assets21/28€1.4m
Tangible fixed assets22/27€1.4m
Land and buildings22€1.3m
Plant, machinery and equipment23€0.05m
Current assets29/58€0.4m
Amounts receivable within one year40/41€0.2m
Trade receivables40€0.09m
Other amounts receivable41€0.1m
Cash at bank and in hand54/58€0.2m
Equity and liabilities
Total equity and liabilities10/49€1.8m
Equity10/15€0.9m
Contributions10/11€1.0m
Profit (loss) carried forward14-€0.1m
Amounts payable17/49€0.9m
Amounts payable within one year42/48€0.9m
Trade debts44€0.002m
Suppliers440/4€0.002m
Other amounts payable47/48€0.9m
Line2025
Profit (loss) for the period9904-€102,055
+ Depreciation and write-downs630€134,332
Operating cash flow (approximation)€32,277

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

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference Document
30-09-2025 micro format 15-12-2025 2025-00581367 PDF

Similar companies · same sector, comparable size

Of the 12,070 active companies whose main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203), figures are known for 6,214. 4,258 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
1 director, no change since 2024
VANDERBEKE Steven Alice Marcel
Director (not named in the articles) · appointed in the act of 29-01-2024 · in the 2025 annual accounts, filed on 15-12-2025
Current

Mandate history

1 person, 1 in office
Show
  • Board
Mandates per person, with start and end dates
Name Functions and periods
VANDERBEKE Steven Alice Marcel
  • Director (not named in the articles), appointed in the act of 29-01-2024, still in office
See the board, name and registered office on a given date →

How the board is organised

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
Each director alone
Board ruleHow the board is made up, meets and takes decisions.
“Één of meer bestuurders, algemene kosten,los van representatie-,reis-en verplaatsingskosten”

Oversight and winding up

Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
No statutory auditor

Articles of association, deed of 29-01-2024

Owners and capital

Capital and shareholders

Shareholders according to the deeds
At incorporation act of 29-01-2024 ↗
Capital over the years
  1. 29-01-2024 Incorporation · 1,000,000 shares

Shares according to the articles of association

Kind of sharesWhich classes of shares exist and what rights each class carries.
“Gelijk, gelijk”
deed of 29-01-2024 (in Dutch)
Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
1 more provision in the deed, see the deed of 29-11-2024

Group and network

Connections & network

1 current director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

On 25 January 2024, MBCL was incorporated as a private limited company by one natural person.12 In 2024 the registered office moved to Gent.3 VANDERBEKE Steven Alice Marcel is director of the company, appointed in the act of 29-01-2024.2

  1. 1KBO register
  2. 2Belgian Official Gazette, 29-01-2024
  3. 3Belgian Official Gazette, 29-11-2024

Acts, filings and financial milestones

2025
15-12
NBB filing Annual accounts filedPDF
financial year 2025 · micro format
2024
29-11
Gazette deed Registered office
Registered-office move2 facts ▸
  • Board meeting, 01-09-2024
  • Registered-office move, Pantserschipstraat 159, 9000 Gent

Open the act in the Belgian Official Gazette

29-01
Gazette deed Incorporation
Appointment: VANDERBEKE Steven Alice Marcel (director) · Founder · Founding capital9 facts ▸
  • Incorporation, 25-01-2024
  • Founder, VANDERBEKE Steven Alice Marcel (comparant)
  • Founding capital
  • Authorised capital, “nieuwe aandelen zelfde soort als bestaande in één of meer malen op data en voorwaarden door bestuursorgaan te bepalen, toekenning” (deed in Dutch)
  • Registered office clause, “9000 Gent,Pantserschipstraat 163-unit F2” (deed in Dutch)
  • Board rule, 1
  • Director appointment, VANDERBEKE Steven Alice Marcel (director (not named in the articles))
  • Declaration, “geen benoemingsbeletsel, niet getroffen door enige maatregel die zich tegen benoeming verzet” (deed in Dutch)
  • Pre-incorporation commitments, “takeover, alle verbintenissen en verplichtingen en alle activiteiten in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)

Open the act in the Belgian Official Gazette

Gazette deedNBB filing

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

Register details

Who it is

KBO record
Name MBCL in Dutch
Enterprise number 1005.208.426
Legal form Private limited company
Status Active, normale toestand
Founded 25-01-2024
Type Legal entity

Where it is based

Registered office Pantserschipstraat 159, 9000 Gent, Belgium
Establishments 1 establishment unit since 2024
E-mail bestuur@maaket.be

What it does

NACEBEL 2025
68203 Renting and operating of own or leased non-residential real estate, excluding land main activity
77399 Renting and leasing of other machinery, equipment and tangible goods
82100 Office administrative and support services

Invoicing and payment

VAT number BE 1005.208.426
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:1005208426
Also 9925:BE1005208426
Registered 06-02-2026

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

Register as of 31 October 2026 · Peppol Directory

Financial year and general meeting

Accounts at the NBB
Financial year end 30-09

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

Purpose, financial year and meetings according to the articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“Ter beschikking stellen van machines,ruimte en diensten; Uitbaten van en bedrijvencentrum; Verhuur en exploitatie van eigen of geleasd niet…”
18 activities
  1. Ter beschikking stellen van machines,ruimte en diensten
  2. Uitbaten van en bedrijvencentrum
  3. Verhuur en exploitatie van eigen of geleasd niet residentieel onroerend goed
  4. Verhuur en lease van machines,apparatuur en handgereedschap voor doe-het-zelvers
  5. Verhuur en lease van kantoormachines,inclusief computers
  6. Diverse administratieve activiteiten ten behoeve van kantoren
  7. Fotokopiëren,documentvoorbereiding en andere gespecialiseerde ondersteunende activiteiten ten behoeve van kantoren
  8. Ondersteunende activiteiten voor scheppende kunsten
  9. Advieskantoor,consultancy
  10. De coördinatie,de begeleiding,de supervisie en adviesverlening met betrekking tot elke vennootschapsrechtelijke herstructurering,waaronder fusies,splitsingen,ontbindingen,vereffeningen van vennootschappen,overnames,overdrachten van aandelen of handelsfondsen,beursintroducties,management buy-outs,crisismanagement,investeringen,bestuur van vennootschappen en alle gelijkaardige en/of aanverwante diensten en producten(hierna algemeen genoemd corporate finance),onder alle vormen te leveren,dit gekoppeld met alle verwante diensten.Zo zal de vennootschap op alle wijzen kunnen instaan,zo voor eigen rekening als voor rekening van derden,voor voorlichting,consultancy,controle,advies,onderricht enz.met betrekking tot alle facetten van corporate finance,en voor zover niet gereglementeerd door de wetgeving inzake de financiële instellingen
  11. Het aantrekken,zoeken van of bemiddeling bij kapitaalverschaffers en financiële partners,zowel onder de vorm van kapitaalverhoging,al dan niet achtergestelde obligatieleningen of private equity en voor zover niet gereglementeerd door de wetgeving inzake de financiële instellingen
  12. Het ontwikkelen,ontwerpen,kopen,verkopen,commercialiseren,huren of verhuren,in licentie nemen of geven van eender welk intellectueel recht,zoals doch niet beperkt tot merken,tekeningen,logo’s,octrooien,patenten,know-how,expertise of enig andere immateriële vaste activa
  13. Participeren in andere bedrijven,handelszaken,projectvennootschappen,joint-ventures,vennootschappen,rechtspersonen,bij wijze van inbreng,overname,fusie,splitsing,inschrijving,geldschieting of op om het eender welke wijze belangen nemen,zelfs indien het voorwerp ervan niet gelijkaardig is of geen verband toont met het voorwerp van de vennootschap
  14. Het verstrekken en opnemen van leningen,zowel aan de aandeelhouders,bestuurders als aan derden,het stellen en nemen van zekerheden,panden of eender welke waarborg in de meest ruime zin van het woord,het uitvoeren van alle financiële verrichtingen waarvoor geen vergunning of erkenning vereist is en voor zover niet gereglementeerd door de wetgeving inzake de financiële instellingen
  15. Elke verrichting die de vennootschap kan helpen om haar voorwerp rechtstreeks of onrechtstreeks te verwezenlijken in de meest uitgebreide zin,zij kan alle handels-,financiële,technische,ambachtelijke,nijverheids-,industriële,roerende of onroerende verrichtingen uitvoeren,die rechtstreeks of onrechtstreeks in verband staan met haar voorwerp of die van aard zijn dit te begunstigen
  16. De vennootschap kan persoonlijke of zakelijke borgen stellen in voordeel van derden
  17. Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen
  18. Alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten,zoals de aan-en verkoop,de bouw,de verbouwing,de binnenhuisinrichting en decoratie,de huur en verhuur,de ruil,de verkaveling en,in het algemeen,alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken,van onroerende goederen of onroerende zakelijke rechten

The full purpose is in the deed

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
MBCL
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaams Gewest”

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
Last Friday of March

Articles of association, deed of 29-01-2024 (in Dutch)

Environmental permits: No permit applications found in Flanders.

Sites & property

Registered office and establishments
registered office establishment The establishment unit on the map
5 companies at this address See who is registered here
1 establishment unit
MBCL
Pantserschipstraat 159, 9000 GentRenting and operating of own or leased non-residential real estate, excluding land
since 2024unit no. 2.354.939.175

Buildings and parcels at the address

Ground area
1.0 ha
Building footprint
509 m²
Parcel 44813S0563/00A000, Flanders.
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
44813S0563/00A000 Flanders 1.0 ha 1 · 509 m² -