Summary
MBE has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €14.1m and a net result of €7.2m. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 95% of 3241 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
24 d early
2024
14 d late
2023
30 d late
2022
22 d late
2021
60 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 20 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema, statutory accounts
In the rankings
#1 company by equity in Thimister-Clermont, Professional and technical services sector#2 company by total assets in Thimister-Clermont, Professional and technical services sector
Turnover
€1.6m▲ 1.0%
2024 · €1.6m
EBIT margin
67.8%▲ 0.4pp
2024 · 67.4%
Net result
€7.2m▼ 8.2%
2024 · €7.8m
Working capital
€83,092
2024 · -€7.1m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Turnover€1.6m€1.6m▲ 1.1%€1.6m▲ 0.9%€1.6m▲ 0.9%€1.6m▲ 1.0%
Operating result€1.2m▲ 0.7%€732,166▼ 41.3%€711,396▼ 2.8%€1.1m▲ 53.1%€1.1m▲ 1.6%
Net result€3.7m▲ 27.0%€4.0m▲ 8.4%€7.0m▲ 73.4%€7.8m▲ 11.3%€7.2mabove the sector's middle half▼ 8.2%
EBIT margin79.5%46.2%▼ 33.4pp44.5%▼ 1.7pp67.4%▲ 23.0pp67.8%▲ 0.4pp
Equity€10.1m▲ 1.8%€7.1m▼ 29.8%€6.3m▼ 11.0%€6.9m▲ 9.5%€14.1mabove the sector's middle half▲ 103%
Total assets€15.7m▲ 4.6%€15.7m▲ 0.3%€14.2m▼ 9.8%€14.2m▲ 0.1%€14.2mabove the sector's middle half▲ 0.2%
Debt€5.5m▲ 10.1%€8.6m▲ 54.9%€7.8m▼ 8.8%€7.3m▼ 7.5%€118,907▼ 98.4%
Working capital-€3.2m▲ 3.8%-€6.6m▼ 105%-€7.7m▼ 15.7%-€7.1m▲ 7.5%€83,092within the sector's middle half
Solvency64.5%▼ 1.8pp45.2%▼ 19.3pp44.6%▼ 0.6pp48.8%▲ 4.2pp99.2%above the sector's middle half▲ 50.3pp
Current ratio0.42▲ 0.080.23▼ 0.190.02▼ 0.210.02=1.70within the sector's middle half▲ 1.68
Return on assets (ROA)23.8%▲ 4.2pp25.8%▲ 1.9pp49.5%▲ 23.8pp55.1%▲ 5.5pp50.4%above the sector's middle half▼ 4.6pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 2% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €14.2m
Fixed assets
€14.0m ▼ 0.2%
Current assets
€201,999 ▲ 33.0%
Equity and liabilities €14.2m
Equity
€14.1m ▲ 103%
Debt
€118,907 ▼ 98.4%
Debt's share of the balance-sheet total falls from 51.2% to 0.8%. Equity is higher and debt is lower.
Key figures and ratios
ROE
50.9%▼
2024 · 112.8%
Debt ≤ 1 year
€118,907▼
2024 · €7.3m
Income taxes
€347,728▲
2024 · €277,590
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | ▲ 0.8% |
| Turnover70 | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | ▲ 1.0% |
| Other operating income74 | €18,304 | €6,724 | €6,609 | €9,263 | €6,350 | ▼ 31.5% |
| Operating charges60/66A | €339,489 | €860,599 | €895,596 | €535,466 | €531,140 | ▼ 0.8% |
| Services and other goods61 | €318,341 | €835,298 | €879,626 | €509,445 | €505,683 | ▼ 0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,836 | €21,369 | €15,609 | €24,078 | €24,153 | ▲ 0.3% |
| Other operating charges640/8 | €312 | €3,933 | €361 | €1,943 | €1,305 | ▼ 32.9% |
| Operating profit (loss)9901 | €1.2m | €732,166 | €711,396 | €1.1m | €1.1m | ▲ 1.6% |
| Financial income75/76B | €2.8m | €3.5m | €6.5m | €7.0m | €6.4m | ▼ 8.4% |
| Recurring financial income75 | €2.8m | €3.5m | €6.5m | €7.0m | €6.4m | ▼ 8.4% |
| Income from financial fixed assets750 | €2.8m | €3.5m | €6.4m | €7.0m | €6.4m | ▼ 8.4% |
| Income from current assets751 | - | - | €16,024 | - | - | - |
| Other financial income752/9 | - | - | - | €1 | €0 | ▼ 100% |
| Financial charges65/66B | €2,058 | €1,096 | €371 | €648 | €430 | ▼ 33.7% |
| Recurring financial charges65 | €2,058 | €1,096 | €371 | €648 | €430 | ▼ 33.7% |
| Debt charges650 | €2,058 | €983 | €335 | €648 | €430 | ▼ 33.7% |
| Other financial charges652/9 | - | €113 | €36 | - | - | - |
| Profit (loss) for the period before taxes9903 | €4.0m | €4.2m | €7.2m | €8.1m | €7.5m | ▼ 7.1% |
| Income taxes67/77 | €313,457 | €186,472 | €162,091 | €277,590 | €347,728 | ▲ 25.3% |
| Taxes670/3 | €313,457 | €186,472 | €185,191 | €277,590 | €347,728 | ▲ 25.3% |
| Tax adjustments and reversals of tax provisions77 | - | - | €23,099 | - | - | - |
| Profit (loss) for the period9904 | €3.7m | €4.0m | €7.0m | €7.8m | €7.2m | ▼ 8.2% |
| Profit (loss) for the period to be appropriated9905 | €3.7m | €4.0m | €7.0m | €7.8m | €7.2m | ▼ 8.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €15.7m | €15.7m | €14.2m | €14.2m | €14.2m | ▲ 0.2% |
| Fixed assets21/28 | €13.3m | €13.7m | €14.0m | €14.0m | €14.0m | ▼ 0.2% |
| Tangible fixed assets22/27 | €64,482 | €43,113 | €33,299 | €54,761 | €30,608 | ▼ 44.1% |
| Furniture and vehicles24 | €64,482 | €43,113 | €33,299 | €54,761 | €30,608 | ▼ 44.1% |
| Financial fixed assets28 | €13.3m | €13.7m | €14.0m | €14.0m | €14.0m | = |
| Affiliated companies280/1 | €13.3m | €13.7m | €14.0m | €14.0m | €14.0m | = |
| Participating interests280 | €13.3m | €13.7m | €14.0m | €14.0m | €14.0m | = |
| Current assets29/58 | €2.3m | €2.0m | €159,088 | €151,855 | €201,999 | ▲ 33.0% |
| Stocks and contracts in progress3 | - | - | - | - | €0 | - |
| Amounts receivable within one year40/41 | €1.8m | €119,352 | €114,112 | €101,759 | €88,902 | ▼ 12.6% |
| Trade receivables40 | €158,612 | €84,281 | €99,495 | €87,143 | €88,902 | ▲ 2.0% |
| Other amounts receivable41 | €1.7m | €35,071 | €14,616 | €14,616 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €472,001 | €1.8m | €38,207 | €41,176 | €110,636 | ▲ 169% |
| Deferred charges and accrued income490/1 | €6,067 | €7,819 | €6,770 | €8,920 | €2,461 | ▼ 72.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €15.7m | €15.7m | €14.2m | €14.2m | €14.2m | ▲ 0.2% |
| Equity10/15 | €10.1m | €7.1m | €6.3m | €6.9m | €14.1m | ▲ 103% |
| Contributions10/11 | €6.6m | €6.6m | €6.3m | €6.3m | €6.3m | = |
| Reserves13 | €3.5m | €461,345 | - | €600,000 | €7.8m | ▲ 1,193% |
| Non-distributable reserves130/1 | €413,500 | - | - | - | - | - |
| Reserves not available under the articles1311 | €413,500 | - | - | - | - | - |
| Distributable reserves133 | €3.1m | €461,345 | - | €600,000 | €7.8m | ▲ 1,193% |
| Profit (loss) carried forward14 | €581 | - | - | €793 | €124 | ▼ 84.4% |
| Amounts payable17/49 | €5.5m | €8.6m | €7.8m | €7.3m | €118,907 | ▼ 98.4% |
| Amounts payable within one year42/48 | €5.5m | €8.6m | €7.8m | €7.3m | €118,907 | ▼ 98.4% |
| Trade debts44 | €13,611 | €7,228 | €5,936 | €6,067 | €2,551 | ▼ 58.0% |
| Suppliers440/4 | €13,611 | €7,228 | €5,936 | €6,067 | €2,551 | ▼ 58.0% |
| Taxes, remuneration and social security45 | €74,432 | €38,553 | €41,874 | €45,002 | €116,293 | ▲ 158% |
| Taxes450/3 | €74,432 | €38,553 | €41,874 | €45,002 | €116,293 | ▲ 158% |
| Other amounts payable47/48 | €5.5m | €8.6m | €7.8m | €7.2m | €63 | ▼ 100.0% |
| Accrued charges and deferred income492/3 | - | - | - | €177 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3.7m | €4.0m | €7.0m | €7.8m | €7.2m | ▼ 8.2% |
| + Depreciation and write-downs630 | €20,836 | €21,369 | €15,609 | €24,078 | €24,153 | ▲ 0.3% |
| Operating cash flow (approximation) | €3.7m | €4.1m | €7.0m | €7.8m | €7.2m | ▼ 8.2% |
| Investment in fixed assets (approximation) | - | -€411,087 | -€278,333 | -€45,541 | €0 | ▲ 100% |
| Change in cash | - | €1.4m | -€1.8m | €2,970 | €69,459 | ▲ 2,239% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · consolidated
2025
31-12
Financial
Liquidity times 81current ratio 1.70
Current ratio from 0.02 to 1.70; short-term debt falls from €7.3m to €118,907.
31-12
Financial
Equity above €10mEq €14.1m ▲103%
8 profitable years in a row build equity to €14.1m.
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated · 14 days late
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema · 14 days late
2024
31-12
Financial
Highest result since 2018net €7.8m ▲11.3%
Net result €7.8m, the highest in the series.
17-09
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated · 30 days late
13-09
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated · 22 days late
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema · 30 days late
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema · 22 days late
2022
13-10
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated · 60 days late
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema · 60 days late
2021
31-12
Financial
Equity above €10mEq €10.1m ▲1.8%
4 profitable years in a row build equity to €10.1m.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Thimister-Clermont · 1 establishment unit since 2014
Ground area
2.9 ha
Building footprint
90 m²
Volume, LiDAR
1,042 m³
2 parcels, Wallonia · tallest building 13.5 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Rue des Martyrs 21, 4650 Herve
since 20142.230.897.951
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63077C0446/00E000 | Wallonia | 2.8 ha | - | - |
| 63035A0035/00Z003 | Wallonia | 270 m² | 1 · 90 m² | 13.5 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
- MEURENS NATURALsubsidiaryEquity €74.4mResult €11.6m100%
According to the 2025 annual accounts of MBE and those 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.
Recognitions · licences · registrations
Legal Entity Identifier
529900PW2YAO39N0DT52
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Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded10-04-2014
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0550559033
Also
9925:BE0550559033
Registered
17-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.