Equity
-€26,007
Debts exceed assets in financial year 2025.
MBFF
Lifetime
13 annual accounts with figures on one time axispeak €107,323 (2019)
-€3,213▲ €2,835
lowest -€46,848 (2017)
-€3,782▲ €4,202
peak €9,411 (2022)
-€26,007▼ €3,782
€38,685▲ 4.8%
peak 1 FTE (2016)
-not published
Board1 name since 2024
1 directorCompère Benoit
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from -€6,048 to -€3,213Loss of €3,782Equity from -€22,225 to -€26,007
Key points
from the 2025 annual accountsLosses
-€35,418 in three years
Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.
Debts
€38,685 305% of the balance sheet
Financial debts 1%Suppliers 21%Other 78%
Of this, €38,185 falls due within a year.
2025 accounts filed 31 days after the deadlineTurnover not published (micro format)
Checked score
53
Fair
Financially stronger than 12% of micro companies in rental and leasing (NACE 77)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 3,166 companies (NACE 77, micro).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.5%
01-2025: 1.5%● unchanged vs 12-2024
02-2025: 1.5%● unchanged vs 01-2025
03-2025: 1.5%● unchanged vs 02-2025
04-2025: 1.5%● unchanged vs 03-2025
05-2025: 1.4%▼ -0.1 percentage points vs 04-2025
06-2025: 1.4%● unchanged vs 05-2025
07-2025: 1.5%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.7%▼ -0.8 percentage points vs 07-2025
09-2025: 0.7%● unchanged vs 08-2025
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.7%● unchanged vs 12-2025lowest value
02-2026: 0.7%● unchanged vs 01-2026lowest value
03-2026: 0.7%● unchanged vs 02-2026
04-2026: 0.7%● unchanged vs 03-2026
05-2026: 0.7%● unchanged vs 04-2026
06-2026: 0.7%● unchanged vs 05-2026
07-2026: 0.8%▲ +0.1 percentage points vs 06-2026
08-2026: 1.2%▲ +0.4 percentage points vs 07-2026
09-2026: 0.8%▼ -0.4 percentage points vs 08-2026
10-2026: 0.8%● unchanged vs 09-2026
11-2026: 0.8%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Loss of €3,782, the second in a row (financial year 2025)
Negative equity -€26,007
lowers risk
Size: total assets €12,678
Founded in 2012
Calculation
The band follows from the bankruptcy probability. 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 77, micro). It does better than 7% of them on solvency, 15% on liquidity, 6% on profitability and 22% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,907 companies had the same profile as MBFF has now. Each dot stands for 18 companies, two years later.
85.4%
were still trading
8.1%
stopped another way
5.8%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MBFF itself is lower: 0.8% within 12 months. It rests on far more data about MBFF than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,907 companies, not a prediction for MBFF. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.33 (0.4 in 2024), below 1. Short-term debt is 301.2% and cash 11.9% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€26,007
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
9 days early
2023
29 days early
2022
32 days early
2021
31 days late
2020
31 days late
2019
67 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 13 days after the deadline. In the sector (NACE 77), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 22 July (5 of the last 5 accounts filed within 40 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0846392108
Incorporation
published on 15-06-2012 · Gazette deed
First establishment
Rue Damzelles 102, Flémalle
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MBFF Flémalle | €12,678 | -€3,213 | -205.1% | - |
| SALLE D'EAU Lier | €16,216 | €367 | -30.5% | - |
| HUROJO Heist-op-den-Berg | €9,518 | -€2,185 | -912.9% | - |
| Floating Operations Antwerp | €4,986 | -€9,507 | 99.6% | - |
| BL Evergem | €33,201 | €1,008 | 39.2% | - |
| Het Feestdepot Mol | €3,695 | -€14,163 | -1435.4% | 0 |
| K15 Zoersel | €12,120 | -€10,330 | -755.9% | - |
These companies have the same main activity as MBFF: renting and leasing of other machinery, equipment and tangible goods (NACE 77399). They are comparable in size and age: total assets between €3,700 and €33,200, founded between 1996 and 2012.
Official details
Source: KBO- Status
- Active since 06-06-2012Normal situation
- Activity
- Renting and leasing of other machinery, equipment and tangible goodsNACE 77399
- Establishment unit
- 2.210.891.3064400 Flémalle, since 06-06-2012
- Financial year end
- 31 December
- Peppol
- Reachable since 28-12-2025
Insights on MBFF
MBFF files the micro format. That format states no turnover. The gross margin fell from €8,890 in 2013 to -€3,213 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MBFF
- What is the company number of MBFF?
- The company number of MBFF is 0846.392.108. The VAT number is the same number with BE in front: BE 0846.392.108.
- Where is MBFF based?
- The registered office is at Rue Damzelles 102, 4400 Flémalle.Company details
- What does MBFF do?
- According to the KBO register, the main activity is renting and leasing of other machinery, equipment and tangible goods (NACE 77399).
- What is the legal form of MBFF?
- MBFF is a private limited company (pre-2019) (BVBA).
- When was MBFF founded?
- MBFF was founded on 06-06-2012.
- Is MBFF still active?
- Yes, MBFF is an active enterprise in the KBO register.
- How many employees does MBFF have?
- MBFF had an average of 0.8 full-time equivalents in financial year 2018, according to the filed annual accounts.Financials
- What is the turnover of MBFF?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.
- Is MBFF profitable?
- In financial year 2025, MBFF made a loss of €3,782.
- Where can I find the annual accounts of MBFF?
- MBFF filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MBFF due?
- MBFF must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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