MBeton
ActiveSummary
The computed 12-month bankruptcy probability of MBeton is 3.3% (moderate). The 2025 annual accounts show equity of €5,961 and a net result of €2,522. Equity is shrinking by ~75.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 10% of 28184 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability57▲+27
Solvency27=
Growth32=
Track record94
Bankruptcy probability, 12 months
3.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.82 against 0.71 in 2024; short-term debt: 74.4% and cash: 13.9% of total assets), and 97.6% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
2.4%
Return on assets
1%
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 10% of 28184 sector peers (2025).
NBB · sector comparisonPosition among 28184 sector peers
Solvency
better than 10%
← weakest
strongest →
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 02-07-2026, 29 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
29 d early
2024
on the day
2023
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 19 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2025, micro schema
Equity
€5,961▲ 73.4%
2024 · €3,438
Total assets
€243,394▲ 39.1%
2024 · €174,953
Net result
€2,522
2024 · -€11,540
Working capital
-€33,010▼ 20.3%
2024 · -€27,444
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line202320242025
Operating result€16,867--€4,743€10,005
Net result€12,478within the sector's middle half--€11,540below the sector's middle half€2,522within the sector's middle half
Equity€14,978below the sector's middle half-€3,438below the sector's middle half▼ 77.0%€5,961below the sector's middle half▲ 73.4%
Total assets€232,793within the sector's middle half-€174,953within the sector's middle half▼ 24.8%€243,394within the sector's middle half▲ 39.1%
Debt€217,815-€171,514▼ 21.3%€237,434▲ 38.4%
Working capital€269--€27,444-€33,010▼ 20.3%
Solvency6.4%below the sector's middle half-2.0%below the sector's middle half▼ 4.5pp2.4%below the sector's middle half▲ 0.5pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction 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
The operating result returns to profit in 2025: €10,005 after a loss of €4,743 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €243,394
Fixed assets
€95,366 ▼ 12.4%
Current assets
€148,028 ▲ 124%
Equity and liabilities €243,394
Equity
€5,961 ▲ 73.4%
Debt
€237,434 ▲ 38.4%
Debt's share of the balance-sheet total falls from 98.0% to 97.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€32,234▲
2024 · €15,722
Cash flow
€24,751▲
2024 · €8,925
Current ratio
0.82▲
2024 · 0.71
Debt to equity
39.83▼
2024 · 49.88
ROE
42.3%▲
2024 · -335.6%
ROA
1.0%▲
2024 · -6.6%
Interest coverage
4.47▲
2024 · 2.34
Debt ≤ 1 year
€181,038▲
2024 · €93,489
Debt > 1 year
€55,705▼
2024 · €70,986
Income taxes
€273▲
2024 · €66
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,136 companies that looked in July 2024 the way this one looks now, 4.9% went bankrupt within 24 months and 92% are still going.
- Micro
- 2 to 5 years old
- solvency under 10%
- a profit under 5% of the balance sheet
4.9%
went bankrupt
2.1%
stopped otherwise
92%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.3% 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 497,058 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% | 1.6% |
| 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 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 2,136 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,078 | €20,465 | €22,229 | ▲ 8.6% |
| Other operating charges640/8 | €1,353 | €2,478 | €3,646 | ▲ 47.1% |
| Gross operating margin9900 | €33,298 | €18,200 | €35,880 | ▲ 97.1% |
| Operating profit (loss)9901 | €16,867 | -€4,743 | €10,005 | ▲ 311% |
| Financial income75/76B | - | €0 | €1 | ▲ 6,800% |
| Recurring financial income75 | - | €0 | €1 | ▲ 6,800% |
| Financial charges65/66B | €3,761 | €6,731 | €7,210 | ▲ 7.1% |
| Recurring financial charges65 | €3,761 | €6,731 | €7,210 | ▲ 7.1% |
| Profit (loss) for the period before taxes9903 | €13,106 | -€11,474 | €2,795 | ▲ 124% |
| Income taxes67/77 | €628 | €66 | €273 | ▲ 312% |
| Profit (loss) for the period9904 | €12,478 | -€11,540 | €2,522 | ▲ 122% |
| Profit (loss) for the period to be appropriated9905 | €12,478 | -€11,540 | €2,522 | ▲ 122% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €232,793 | €174,953 | €243,394 | ▲ 39.1% |
| Fixed assets21/28 | €123,811 | €108,908 | €95,366 | ▼ 12.4% |
| Tangible fixed assets22/27 | €123,811 | €108,218 | €95,366 | ▼ 11.9% |
| Plant, machinery and equipment23 | €123,811 | €108,218 | €95,366 | ▼ 11.9% |
| Financial fixed assets28 | - | €690 | €0 | ▼ 100% |
| Current assets29/58 | €108,982 | €66,045 | €148,028 | ▲ 124% |
| Amounts receivable within one year40/41 | €22,716 | €36,623 | €111,517 | ▲ 205% |
| Trade receivables40 | €228 | €1,000 | €80,031 | ▲ 7,903% |
| Other amounts receivable41 | €22,488 | €35,623 | €31,487 | ▼ 11.6% |
| Cash at bank and in hand54/58 | €66,266 | €29,422 | €33,797 | ▲ 14.9% |
| Deferred charges and accrued income490/1 | €20,000 | €0 | €2,714 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €232,793 | €174,953 | €243,394 | ▲ 39.1% |
| Equity10/15 | €14,978 | €3,438 | €5,961 | ▲ 73.4% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | €12,478 | €938 | €3,461 | ▲ 269% |
| Distributable reserves133 | €12,478 | €938 | €3,461 | ▲ 269% |
| Amounts payable17/49 | €217,815 | €171,514 | €237,434 | ▲ 38.4% |
| Amounts payable after more than one year17 | €106,541 | €70,986 | €55,705 | ▼ 21.5% |
| Financial debts170/4 | €106,541 | €70,986 | €55,705 | ▼ 21.5% |
| Amounts payable within one year42/48 | €108,713 | €93,489 | €181,038 | ▲ 93.6% |
| Current portion of amounts payable after more than one year42 | €14,078 | €14,667 | €15,281 | ▲ 4.2% |
| Financial debts43 | - | - | €50,000 | - |
| Credit institutions430/8 | - | - | €50,000 | - |
| Trade debts44 | €88,425 | €78,128 | €115,485 | ▲ 47.8% |
| Suppliers440/4 | €88,425 | €78,128 | €115,485 | ▲ 47.8% |
| Taxes, remuneration and social security45 | €628 | €694 | €273 | ▼ 60.7% |
| Taxes450/3 | €628 | €694 | €273 | ▼ 60.7% |
| Other amounts payable47/48 | €5,582 | €0 | - | - |
| Accrued charges and deferred income492/3 | €2,561 | €7,040 | €690 | ▼ 90.2% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,478 | -€11,540 | €2,522 | ▲ 122% |
| + Depreciation and write-downs630 | €15,078 | €20,465 | €22,229 | ▲ 8.6% |
| Operating cash flow (approximation) | €27,557 | €8,925 | €24,751 | ▲ 177% |
| Investment in fixed assets (approximation) | - | -€5,562 | -€8,687 | ▼ 56.2% |
| Change in cash | - | -€36,844 | €4,376 | ▲ 112% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €2,522
Net result €2,522 after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€11,540
Net result drops to -€11,540, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Keerbergen · 2 establishment units since 2022
Ground area
3,189 m²
Building footprint
368 m²
Volume, LiDAR
4,461 m³
2 parcels, Flanders · tallest building 23.5 m, ±7 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
MBeton
since 20222.339.759.368
Mbeton
since 20252.374.632.551
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24048A0066/00S002 | Flanders | 1,721 m² | 1 · 212 m² | 23.5 m · 7 fl. |
| 24472G0429/00R000 | Flanders | 1,467 m² | 1 · 156 m² | 11.1 m · 1 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 974 EUR awarded · 872 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 974 EUR | 872 EUR |
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,420. 3,074 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
Founded16-12-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
25110Manufacture of metal structures and parts of structures
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0794876891
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.