MBEGE
ActiveSummary
MBEGE has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19,889 and a net result of €4,340. Equity is shrinking by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 38% of 7097 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▲+29
Solvency64▲+3
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.45 against 1.28 in 2024; short-term debt: 61.2% and cash: 1.3% of total assets), and 61.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
38.8%
Return on assets
8.5%
Age of the figures
12 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €19,889
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 10-03-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
57 d early
2023
36 d early
2022
41 d early
2021
31 d early
2020
65 d early
2019
36 d early
← 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 45 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 20 March (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€19,889▲ 27.9%
2024 · €15,549
Total assets
€51,238▲ 18.3%
2024 · €43,323
Net result
€4,340▲ 1,133%
2024 · €352
Working capital
€14,120▲ 84.3%
2024 · €7,662
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations 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-€210€2,259-€10,956€1,566€7,579▲ 384%
Net result-€1,295below the sector's middle half-€4,095below the sector's middle half▼ 216%-€11,305below the sector's middle half▼ 176%€352within the sector's middle half€4,340within the sector's middle half▲ 1,133%
Equity€30,597within the sector's middle half▼ 4.1%€26,502within the sector's middle half▼ 13.4%€15,197below the sector's middle half▼ 42.7%€15,549below the sector's middle half▲ 2.3%€19,889within the sector's middle half▲ 27.9%
Total assets€43,276below the sector's middle half▼ 3.9%€48,476below the sector's middle half▲ 12.0%€48,331below the sector's middle half▼ 0.3%€43,323below the sector's middle half▼ 10.4%€51,238below the sector's middle half▲ 18.3%
Debt€12,679▼ 3.5%€21,973▲ 73.3%€33,134▲ 50.8%€27,773▼ 16.2%€31,349▲ 12.9%
Working capital€23,295within the sector's middle half▲ 3.5%€20,765within the sector's middle half▼ 10.9%€4,766within the sector's middle half▼ 77.0%€7,662within the sector's middle half▲ 60.7%€14,120within the sector's middle half▲ 84.3%
Solvency70.7%within the sector's middle half▼ 0.1pp54.7%within the sector's middle half▼ 16.0pp31.4%within the sector's middle half▼ 23.2pp35.9%within the sector's middle half▲ 4.4pp38.8%within the sector's middle half▲ 2.9pp
Current ratio4.41above the sector's middle half▲ 1.692.13within the sector's middle half▼ 2.281.15within the sector's middle half▼ 0.981.28within the sector's middle half▲ 0.131.45within the sector's middle half▲ 0.17
Return on assets (ROA)-3.0%below the sector's middle half▼ 12.0pp-8.4%below the sector's middle half▼ 5.5pp-23.4%below the sector's middle half▼ 14.9pp0.8%within the sector's middle half▲ 24.2pp8.5%within the sector's middle half▲ 7.7pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 384% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €51,238
Fixed assets
€5,769 ▼ 26.9%
Current assets
€45,469 ▲ 28.3%
Equity and liabilities €51,238
Equity
€19,889 ▲ 27.9%
Debt
€31,349 ▲ 12.9%
Debt's share of the balance-sheet total falls from 64.1% to 61.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€9,696▲
2024 · €5,447
Cash flow
€6,458▲
2024 · €4,233
Debt to equity
1.58▼
2024 · 1.79
ROE
21.8%▲
2024 · 2.3%
Interest coverage
7.05▲
2024 · 3.61
Debt ≤ 1 year
€31,349▲
2024 · €27,773
Income taxes
€3,000▲
2024 · €408
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
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 0.5% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 31,349 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,542 | €4,348 | €4,521 | €3,881 | €2,118 | ▼ 45.4% |
| Other operating charges640/8 | - | €1,352 | €1,156 | €1,177 | €1,331 | ▲ 13.1% |
| Gross operating margin9900 | €7,244 | €7,959 | -€5,280 | €6,624 | €11,027 | ▲ 66.5% |
| Operating profit (loss)9901 | -€210 | €2,259 | -€10,956 | €1,566 | €7,579 | ▲ 384% |
| Financial income75/76B | - | €328 | €740 | €703 | €1,137 | ▲ 61.6% |
| Recurring financial income75 | €461 | €328 | €740 | €703 | €1,137 | ▲ 61.6% |
| Financial charges65/66B | - | €282 | €737 | €1,510 | €1,376 | ▼ 8.8% |
| Recurring financial charges65 | €321 | €282 | €737 | €1,510 | €1,376 | ▼ 8.8% |
| Profit (loss) for the period before taxes9903 | -€69 | €2,304 | -€10,953 | €760 | €7,339 | ▲ 866% |
| Income taxes67/77 | €1,225 | €6,399 | €352 | €408 | €3,000 | ▲ 635% |
| Profit (loss) for the period9904 | -€1,295 | -€4,095 | -€11,305 | €352 | €4,340 | ▲ 1,133% |
| Profit (loss) for the period to be appropriated9905 | -€1,295 | -€4,095 | -€11,305 | €352 | €4,340 | ▲ 1,133% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €43,276 | €48,476 | €48,331 | €43,323 | €51,238 | ▲ 18.3% |
| Fixed assets21/28 | €13,142 | €9,343 | €11,768 | €7,887 | €5,769 | ▼ 26.9% |
| Tangible fixed assets22/27 | €13,022 | €9,223 | €11,648 | €7,767 | €5,649 | ▼ 27.3% |
| Land and buildings22 | - | €3,000 | €2,250 | €1,500 | €1,000 | ▼ 33.3% |
| Plant, machinery and equipment23 | - | €1,220 | €7,562 | €6,106 | €4,649 | ▼ 23.9% |
| Furniture and vehicles24 | - | €5,002 | €1,836 | €161 | - | - |
| Financial fixed assets28 | €120 | €120 | €120 | €120 | €120 | = |
| Current assets29/58 | €30,134 | €39,133 | €36,562 | €35,435 | €45,469 | ▲ 28.3% |
| Amounts receivable after more than one year29 | - | €27,747 | €29,630 | €30,330 | €31,031 | ▲ 2.3% |
| Other amounts receivable291 | - | €27,747 | €29,630 | €30,330 | €31,031 | ▲ 2.3% |
| Amounts receivable within one year40/41 | €3,306 | €5,888 | €5,950 | €99 | €12,986 | ▲ 13,072% |
| Trade receivables40 | - | €5,888 | €5,950 | €99 | €396 | ▲ 302% |
| Other amounts receivable41 | - | - | - | - | €12,590 | - |
| Cash at bank and in hand54/58 | €6,456 | €5,118 | €531 | €4,533 | €643 | ▼ 85.8% |
| Deferred charges and accrued income490/1 | - | €381 | €451 | €474 | €809 | ▲ 70.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €43,276 | €48,476 | €48,331 | €43,323 | €51,238 | ▲ 18.3% |
| Equity10/15 | €30,597 | €26,502 | €15,197 | €15,549 | €19,889 | ▲ 27.9% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €24,687 | €20,302 | €20,302 | €20,302 | €20,302 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €18,442 | €18,442 | €18,442 | €18,442 | = |
| Profit (loss) carried forward14 | -€290 | - | -€11,305 | -€10,953 | -€6,613 | ▲ 39.6% |
| Amounts payable17/49 | €12,679 | €21,973 | €33,134 | €27,773 | €31,349 | ▲ 12.9% |
| Amounts payable after more than one year17 | €5,839 | €3,605 | €1,338 | - | - | - |
| Financial debts170/4 | - | €3,605 | €1,338 | - | - | - |
| Amounts payable within one year42/48 | €6,839 | €18,368 | €31,796 | €27,773 | €31,349 | ▲ 12.9% |
| Current portion of amounts payable after more than one year42 | - | €2,419 | €2,455 | €1,528 | - | - |
| Financial debts43 | - | - | €10,409 | €11,315 | €14,313 | ▲ 26.5% |
| Credit institutions430/8 | - | - | €10,409 | €11,315 | €14,313 | ▲ 26.5% |
| Trade debts44 | €622 | €2,168 | €6,747 | €6,239 | €5,890 | ▼ 5.6% |
| Suppliers440/4 | - | €2,168 | €6,747 | €6,239 | €5,890 | ▼ 5.6% |
| Advances received on contracts in progress46 | - | €3,600 | €3,600 | €3,600 | €3,600 | = |
| Taxes, remuneration and social security45 | - | €10,181 | €8,585 | €4,836 | €7,546 | ▲ 56.0% |
| Taxes450/3 | - | €10,181 | €8,585 | €4,836 | €7,546 | ▲ 56.0% |
| Other amounts payable47/48 | - | - | - | €257 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,295 | -€4,095 | -€11,305 | €352 | €4,340 | ▲ 1,133% |
| + Depreciation and write-downs630 | €6,542 | €4,348 | €4,521 | €3,881 | €2,118 | ▼ 45.4% |
| Operating cash flow (approximation) | €5,248 | €253 | -€6,785 | €4,233 | €6,458 | ▲ 52.5% |
| Investment in fixed assets (approximation) | - | -€549 | -€6,946 | €0 | -€0 | - |
| Change in cash | - | -€1,338 | -€4,588 | €4,002 | -€3,890 | ▼ 197% |
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
10-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
04-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Back to profitnet €352
Net result €352 after 3 loss-making years.
25-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet -€11,305
Net result drops to -€11,305, the lowest in the series; recovery starts the following year.
20-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
24-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Back to profitnet €8,207
Net result €8,207 after one loss-making year.
30-09
Financial
Liquidity doublescurrent ratio 2.59
Current ratio from 1.13 to 2.59; short-term debt falls from €20,484 to €9,319.
08-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
07-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
08-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Sombreffe · 1 establishment unit since 2006
Ground area
898 m²
Parcel 92114E0606/00A000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Mbégé
since 20062.155.591.309
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92114E0606/00A000 | Wallonia | 898 m² | - | - |
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.
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Of 2,711 companies in sector 73200 we hold annual accounts for 1,787. 822 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-07-2006
Fiscal year end30-09
Activities, NACEBEL 2025
73200Market research and public opinion polling
64210Activities of holding companies
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0882392865
Also
9925:BE0882392865
Registered
07-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.