MBI & Co
Open bankruptcyA bankruptcy procedure is open for MBI & Co according to publications in the Belgian State Gazette; curator: WARD VAN MELDERT. The 2023 annual accounts show equity of €17k and a net result of €3k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 29-09-2024, 60 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
60 d late
2022
19 d early
2021
26 d early
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address strikeout annulled
Financials · fiscal year 2023, micro schema
Equity
€17k▲ 17.4%
2022 · €15k
2021: €11k
2022: €15k
2021 → 2023
Total assets
€63k▲ 13.0%
2022 · €56k
2021: €18k
2022: €56k
2021 → 2023
Net result
€3k▼ 30.7%
2022 · €4k
2021: €6k
2022: €4k
2021 → 2023
Working capital
€15k▲ 34.2%
2022 · €11k
2021: €4k
2022: €11k
2021 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202120222023Trend
Equity€11k-€15k▲ 33.5%€17k▲ 17.4%
Operating result€6k-€5k▼ 25.5%€3k▼ 28.2%
Net result€6k-€4k▼ 38.7%€3k▼ 30.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2023 is 28% below 2022 and is the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €63k
Fixed assets
€26k▲ 579%
Current assets
€37k▼ 29.2%
Equity and liabilities €63k
Equity
€17k▲ 17.4%
Debt
€46k▲ 11.4%
The debt ratio falls from 73.8% to 72.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€13k▲
2022 · €8k
Cash flow
€12k▲
2022 · €7k
Solvency
27.3%▲
2022 · 26.2%
Current ratio
1.65▲
2022 · 1.26
Quick ratio
1.65▲
2022 · 1.26
Debt / equity
2.67▼
2022 · 2.81
ROE
14.8%▼
2022 · 25.1%
ROA
4.0%▼
2022 · 6.6%
Interest coverage
12.07▼
2022 · 35.41
Debt
€46k▲
2022 · €41k
Debt ≤ 1 year
€22k▼
2022 · €41k
Debt > 1 year
€23k
Income taxes
€719▼
2022 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€56k€63k▲
Fixed assets21/28€4k€26k▲
Tangible fixed assets22/27€4k€26k▲
Furniture and vehicles24€4k€792▼
Leasing and similar rights25-€26k
Current assets29/58€52k€37k▼
Amounts receivable within one year40/41€51k€36k▼
Trade receivables40€32k€6k▼
Other amounts receivable41€19k€30k▲
Cash at bank and in hand54/58€1k€482▼
Equity and liabilities
Total equity and liabilities10/49€56k€63k▲
Equity10/15€15k€17k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€10k€12k▲
Amounts payable17/49€41k€46k▲
Amounts payable after more than one year17-€23k
Financial debts170/4-€23k
Amounts payable within one year42/48€41k€22k▼
Current portion of amounts payable after more than one year42-€3k
Financial debts43-€21
Credit institutions430/8-€21
Trade debts44€33k€6k▼
Suppliers440/4€33k€6k▼
Advances received on contracts in progress46€7k€2k▼
Taxes, remuneration and social security45€1k€2k▲
Taxes450/3€1k€2k▲
Other amounts payable47/48-€10k
Accrued charges and deferred income492/3-€695
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€10k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€718-
Other operating charges640/8€125€258▲
Gross operating margin9900€8k€13k▲
Operating profit (loss)9901€5k€3k▼
Financial income75/76B€532€1k▲
Recurring financial income75€532€1k▲
Financial charges65/66B€216€1k▲
Recurring financial charges65€216€1k▲
Profit (loss) for the period before taxes9903€5k€3k▼
Income taxes67/77€1k€719▼
Profit (loss) for the period9904€4k€3k▼
Profit (loss) for the period to be appropriated9905€4k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€10k€12k▲
Profit (loss) brought forward from the previous period14P€6k€10k▲
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
2026
07-04
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · MBI & CO BV STEENWEG OP MECHELEN 455/1, 1950 KRAAINEM · event 31-03-2026
2025
09-01
KBO administration
Address strikeout annulled
2024
29-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 60 days late
2023
31-12
Financial
Weakest financial yearnet €3k ▼30.7%
Net result drops to €3k, the lowest in the series.
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Kraainem · 1 establishment unit since 2020
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.
Steenweg op Mechelen 4551950 KraainemGround area
1.5 ha
Building footprint
1,030 m²
Volume, LiDAR
33,994 m³
2 parcels, Flanders, Wallonia · tallest building 42.8 m, ±14 floors. Linked by address, not a title deed.
1 establishment unit
MBI & Co
since 20202.311.363.609
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22002C0073/00N009 | Flanders | 1.1 ha | 1 · 865 m² | 42.8 m · 14 fl. |
| 25050F0027/00S025 | Wallonia | 3,493 m² | 1 · 165 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | WARD VAN MELDERT KUNSTLAAN 24/9B,
1000 BRUSSEL 1 |
31-03-2026 → present |
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Of 29,801 companies in sector 41001 we hold annual accounts for 16,041. 11,121 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-12-2020
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43990Other specialised construction activities
43995Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.