MBITEC
ActiveThe computed 12-month bankruptcy probability of MBITEC is 1.7% (moderate). The 2025 annual accounts show equity of €32k and a net result of €22k. Equity is growing by ~8.7% per year across the filed fiscal years. Its solvency ranks better than 11% of 7687 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+71
Solvency15▼-29
Growth52=
Stability100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity short (current ratio 0.91 against 1.28 in 2024), and 90.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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
9.3%
Return on assets
6.5%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 7687 sector peers (2025).
NBB · sector comparisonPosition among 7687 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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 · 7 filingsDeviation from the deadline
2025
29 d late
2024
31 d late
2023
31 d late
2022
29 d late
2021
17 d late
2020
137 d early
2019
31 d late
← before the deadline
after the deadline →
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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€32k▼ 75.2%
2024 · €127k
2019: €31k
2020: €60k
2021: €102k
2022: €118k
2023: €120k
2024: €127k
2019 → 2025
Total assets
€337k▼ 33.7%
2024 · €509k
2019: €128k
2020: €466k
2021: €657k
2022: €467k
2023: €481k
2024: €509k
2019 → 2025
Net result
€22k▲ 199%
2024 · €7k
2019: €25k
2020: €17k
2021: €32k
2022: €16k
2023: €2k
2024: €7k
2019 → 2025
Working capital
€-19k
2024 · €76k
2019: €-4k
2020: €-19k
2021: €36k
2022: €46k
2023: €62k
2024: €76k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€102k-€118k▲ 15.6%€120k▲ 1.6%€127k▲ 6.1%€32k▼ 75.2%
Operating result€49k-€32k▼ 35.1%€13k▼ 58.5%€20k▲ 50.0%€37k▲ 87.0%
Net result€32k-€16k▼ 50.1%€2k▼ 88.3%€7k▲ 295%€22k▲ 199%
Turnover and EBIT margin not published: the abbreviated or 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 87% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €337k
Fixed assets
€146k▼ 8.4%
Current assets
€191k▼ 45.3%
Equity and liabilities €337k
Equity
€32k▼ 75.2%
Debt
€306k▼ 19.9%
The debt ratio rises from 75.0% to 90.7%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€59k▲
2024 · €43k
Cash flow
€44k▲
2024 · €31k
Solvency
9.3%▼
2024 · 25.0%
Current ratio
0.91▼
2024 · 1.28
Quick ratio
0.77▼
2024 · 1.08
Debt / equity
9.70▲
2024 · 3.00
ROE
69.9%▲
2024 · 5.8%
ROA
6.5%▲
2024 · 1.4%
Interest coverage
8.26▲
2024 · 3.79
Debt
€306k▼
2024 · €382k
Debt ≤ 1 year
€210k▼
2024 · €273k
Debt > 1 year
€96k▼
2024 · €109k
Income taxes
€8k▲
2024 · €2k
Staff costs
€181k▼
2024 · €304k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€509k€337k▼
Fixed assets21/28€159k€146k▼
Intangible fixed assets21€3k€2k▼
Tangible fixed assets22/27€153k€140k▼
Land and buildings22€121k€115k▼
Plant, machinery and equipment23€8k€1k▼
Furniture and vehicles24€15k€16k▲
Other tangible fixed assets26€9k€7k▼
Financial fixed assets28€4k€4k▲
Current assets29/58€349k€191k▼
Amounts receivable after more than one year29€44k€0▼
Other amounts receivable291€44k€0▼
Stocks and contracts in progress3€55k€29k▼
Stocks30/36€55k€29k▼
Amounts receivable within one year40/41€177k€56k▼
Trade receivables40€173k€44k▼
Other amounts receivable41€5k€13k▲
Current investments50/53€30k€50k▲
Cash at bank and in hand54/58€39k€45k▲
Deferred charges and accrued income490/1€3k€11k▲
Equity and liabilities
Total equity and liabilities10/49€509k€337k▼
Equity10/15€127k€32k▼
Contributions10/11€29k€29k=
Reserves13€99k€3k▼
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Distributable reserves133€97k€3k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€382k€306k▼
Amounts payable after more than one year17€109k€96k▼
Financial debts170/4€109k€96k▼
Amounts payable within one year42/48€273k€210k▼
Current portion of amounts payable after more than one year42€14k€13k▼
Financial debts43€75k€75k=
Other loans439€75k€75k=
Trade debts44€123k€48k▼
Suppliers440/4€123k€48k▼
Taxes, remuneration and social security45€53k€40k▼
Taxes450/3€14k€18k▲
Remuneration and social security454/9€38k€21k▼
Other amounts payable47/48€9k€35k▲
Income statement
Code20242025
Non-recurring operating income76A€20k€0▼
Remuneration, social security and pensions62€304k€181k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€22k▼
Other operating charges640/8€3k€5k▲
Non-recurring operating charges66A€3k€4k▲
Gross operating margin9900€353k€249k▼
Operating profit (loss)9901€20k€37k▲
Financial income75/76B€1k€202▼
Recurring financial income75€1k€202▼
Financial charges65/66B€11k€7k▼
Recurring financial charges65€11k€7k▼
Profit (loss) for the period before taxes9903€10k€30k▲
Income taxes67/77€2k€8k▲
Profit (loss) for the period9904€7k€22k▲
Profit (loss) for the period to be appropriated9905€7k€22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€7k€22k▲
Transfer from equity791/2-€118k
Transfer to equity691/2€7k€22k▲
To other reserves6921€7k€22k▲
Profit to be distributed694/7-€118k
Return on contributions (dividend)694-€118k
Social balance
Average headcount (FTE)90874.63.0▼
The notes to these accounts (24 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
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 29 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 31 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
2023
31-12
Financial
Weakest financial yearnet €2k ▼88.3%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
2021
31-12
Financial
Highest result since 2019net €32k ▲89.5%
Operating result €49k, net result €32k, both a record.
31-12
Financial
Equity above €100kEq €102k ▲70%
3 profitable years in a row build equity to €102k.
16-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Veurne · 1 establishment unit since 2019
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.
Berkenlaan 138630 VeurneGround area
2,637 m²
Building footprint
2,341 m²
Volume, LiDAR
8,518 m³
Parcel 38025C0089/00G006, Flanders · tallest building 5.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MBITEC
since 20192.284.497.874
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38025C0089/00G006 | Flanders | 2,637 m² | 1 · 2,341 m² | 5.7 m · 1 fl. |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 42,602 EUR awarded · 42,602 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 9,776 EUR | 9,776 EUR |
| 2024 | 2 | 12,603 EUR | 12,603 EUR |
| 2023 | 1 | 14,405 EUR | 14,405 EUR |
| 2022 | 2 | 5,818 EUR | 5,818 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 29,535 companies in sector 41001 we hold annual accounts for 15,872. 12,357 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-01-2019
Fiscal year end31-12
Trade name NL
embitec
Activities, NACEBEL
41001General construction of residential buildings
43211General electrical installation work
43990Other specialised construction activities
43995Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@mbelectro.be