MBGO
ActiveSummary
The annual accounts of MBGO for fiscal year 2025 show a net loss of 65% of total assets and of 66% of the equity at the start of that year. The 2025 annual accounts show equity of €22k and a net result of €-42k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 44% of 2544 sector peers (fiscal year 2025). The company has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-56
Solvency58▼-42
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.59 against 1.58 in 2024; short-term debt: 67% and cash: 7.1% of total assets), and 67% of the assets are financed with debt.
Credit check for your own amount and term
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
33%
Return on assets
-64.6%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Sector 95
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-42k
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
44 d early
2023
5 d early
2022
3 d early
2021
3 d early
2020
5 d early
2019
21 d early
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€22k▼ 66.2%
2024 · €64k
2018: €59k
2019: €56k
2020: €59k
2021: €64k
2022: €66k
2023: €72k
2024: €64k
2018 → 2025
Total assets
€66k▼ 20.8%
2024 · €83k
2018: €102k
2019: €90k
2020: €80k
2021: €75k
2022: €72k
2023: €82k
2024: €83k
2018 → 2025
Net result
€-42k▼ 402%
2024 · €-8k
2018: €450
2019: €-3k
2020: €3k
2021: €5k
2022: €2k
2023: €6k
2024: €-8k
2018 → 2025
Working capital
€-18k
2024 · €11k
2018: €52k
2019: €48k
2020: €46k
2021: €52k
2022: €54k
2023: €32k
2024: €11k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€64k-€66k▲ 3.2%€72k▲ 9.7%€64k▼ 11.7%€22k▼ 66.2%
Operating result€6k-€3k▼ 50.6%€10k▲ 208%€-8k€-42k▼ 403%
Net result€5k-€2k▼ 55.2%€6k▲ 215%€-8k€-42k▼ 402%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €42k in 2025 against €8k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €66k
Fixed assets
€40k ▼ 25.1%
Current assets
€26k ▼ 13.1%
Equity and liabilities €66k
Equity
€22k ▼ 66.2%
Debt
€44k ▲ 134%
Debt's share of the balance-sheet total rises from 22.7% to 67.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-27k▼
2024 · €5k
Cash flow
€-28k▼
2024 · €5k
Current ratio
0.59▼
2024 · 1.58
Quick ratio
0.18▼
2024 · 0.63
Debt to equity
2.03▲
2024 · 0.29
ROE
-195.7%▼
2024 · -13.2%
ROA
-64.6%▼
2024 · -10.2%
Interest coverage
-283.77▼
2024 · 49.56
Debt ≤ 1 year
€44k▲
2024 · €19k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€83k€66k▼
Fixed assets21/28€53k€40k▼
Tangible fixed assets22/27€53k€40k▼
Land and buildings22€678€509▼
Plant, machinery and equipment23€24k€19k▼
Furniture and vehicles24€28k€20k▼
Current assets29/58€30k€26k▼
Stocks and contracts in progress3€18k€18k=
Stocks30/36€18k€18k=
Amounts receivable within one year40/41€5k€3k▼
Trade receivables40€3k€0▼
Other amounts receivable41€2k€3k▲
Cash at bank and in hand54/58€6k€5k▼
Deferred charges and accrued income490/1€115€118▲
Equity and liabilities
Total equity and liabilities10/49€83k€66k▼
Equity10/15€64k€22k▼
Contributions10/11€56k€56k=
Reserves13€8k€6k▼
Distributable reserves133€8k€6k▼
Profit (loss) carried forward14-€-41k
Amounts payable17/49€19k€44k▲
Amounts payable within one year42/48€19k€44k▲
Trade debts44€4k€276▼
Suppliers440/4€4k€276▼
Taxes, remuneration and social security45€206€0▼
Taxes450/3€206€0▼
Other amounts payable47/48€14k€44k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€15k▲
Other operating charges640/8€658€649▼
Gross operating margin9900€5k€-27k▼
Operating profit (loss)9901€-8k€-42k▼
Financial income75/76B€57€20▼
Recurring financial income75€57€20▼
Financial charges65/66B€98€97▼
Recurring financial charges65€98€97▼
Profit (loss) for the period before taxes9903€-8k€-42k▼
Income taxes67/77€0-
Profit (loss) for the period9904€-8k€-42k▼
Profit (loss) for the period to be appropriated9905€-8k€-42k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-8k€-42k▼
Transfer from equity791/2€8k€2k▼
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-42k
Net result drops to €-42k, the lowest in the series.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €6k ▲215%
Operating result €10k, net result €6k, both a record.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Dilsen-Stokkem · 1 establishment unit since 1994
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Koolmijnlaan 3A3650 Dilsen-StokkemGround area
4,033 m²
Building footprint
291 m²
Volume, LiDAR
333 m³
Parcel 73043B0241/00P003, Flanders · tallest building 15.4 m. Linked by address, not a title deed.
1 establishment unit
Koolmijnlaan 3, 3650 Dilsen-Stokkem
since 19942.066.736.438
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73043B0241/00P003 | Flanders | 4,033 m² | 1 · 291 m² | 15.4 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
CLASSIC CAR RESTAURATION
BE 0887.130.227
Chaumont-Gistoux · Eq €21,563
NICOGEER
BE 0842.540.020
Beauvechain · Eq €21,526
V&D MOTORS
BE 0473.227.564
Merchtem · Eq €21,771
WIES PEETERS
BE 0776.387.802
Essen · Eq €21,470
BATRI IMMO
BE 0892.728.414
Anderlecht · Eq €21,890
Of 7,375 companies in sector 95311 we hold annual accounts for 2,959. 1,632 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-12-1993
Fiscal year end31-12
Activities, NACEBEL 2025
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
47811Retail sale of cars and light vans (up to 3.5 tonnes)
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.