Checked.be
Active
BE 0861.938.832Private limited company
MBK-INVEST
Fierensveld 9 ·9420 Erpe-Mere, Belgium· 22 yrs active
Sector: Real estate agency activities
(68310)
Conclusion
MBK-INVEST has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.45M and a net result of €134k. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 67% of 8920 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Based on the State Gazette, CBE and 6 annual accounts.
Key figures
| Equity | €1.45M |
| Net result | €134k |
| Better than sector | 67% |
| Active | 22 yrs |
Financial profile
70
/ 100
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Health
64
Profitability
46
Solvency
63
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 2003, 22 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
64
/ 100
Healthy
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€95k
estimate, not credit advice
Score history
48
2020
48
2021
49
2022
49
2023
49
2024
64
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.10 (< 1.0)
-10
Quick ratio
Quick ratio 0.10 (< 0.6)
-5
Leverage
Debt/equity 0.90 (< 1.0)
+10
Profitability
ROE 9%
+3
Interest coverage
Interest coverage 3.3× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 30-01-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable
Equity: stable across 6 fiscal years (±2.2%/year).
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 68, Real estate activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 52.7% | 31.5% | |
| Net result | €134k | €11k | |
| Equity | €1.45M | €330k | |
| Gross operating margin | €200k | €93k | |
| Employees (FTE) | 0.0 | 0.0 |
€179k
-9.3%
20-25
€134k
+426.6%
20-25
€241k
+82.4%
20-25
€2.76M
-3.1%
20-25
€1.45M
+8.0%
20-25
€-382k
+26.2%
20-25
0
-
20-25
€18k
+42.5%
20-25
€26k
-
20-25
€1.31M
-13.1%
20-25
€427k
-21.9%
20-25
€878k
-8.1%
20-25
0.10
+96.7%
20-25
0.10
+96.7%
20-25
52.7%
+11.5%
20-25
0.90
-19.5%
20-25
9.2%
+387.5%
20-25
4.9%
+443.4%
20-25
3.27
-13.4%
20-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €179k | €197k | €190k | €194k | €304k |
| Net profit | €134k | €25k | €27k | €44k | €51k |
| Cash flow | €241k | €132k | €142k | €165k | €237k |
| Staff costs | - | - | - | - | - |
| Income taxes | €18k | €13k | €14k | €19k | €26k |
| Dividends | €26k | - | - | - | €0 |
| Total assets | €2.76M | €2.85M | €2.94M | €2.99M | €3.02M |
| Equity | €1.45M | €1.35M | €1.32M | €1.29M | €1.26M |
| Debt | €1.31M | €1.50M | €1.62M | €1.70M | €1.77M |
| of which ≤ 1y | €427k | €547k | €583k | €591k | €925k |
| of which > 1y | €878k | €955k | €1.03M | €1.11M | €839k |
| Working capital | €-382k | €-517k | €-562k | €-558k | €-531k |
| Employees (FTE) | 0.0 | 0.0 | 0.0 | - | 0.0 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.10 | 0.05 | 0.04 | 0.06 | 0.43 |
| Quick ratio | 0.10 | 0.05 | 0.04 | 0.06 | 0.43 |
| Working capital ratio | -13.8% | -18.2% | -19.1% | -18.6% | -17.6% |
| Solvency | 52.7% | 47.2% | 45.0% | 43.2% | 41.7% |
| Debt / equity | 0.90 | 1.12 | 1.22 | 1.32 | 0.67 |
| Long-term debt ratio | 0.60 | 0.71 | 0.78 | 0.86 | 0.67 |
| Interest coverage | 3.27 | 3.77 | 5.37 | 19.54 | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 4.9% | 0.9% | 0.9% | 1.5% | 1.7% |
| ROE | 9.2% | 1.9% | 2.0% | 3.4% | 4.1% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (28 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €2.76M | €2.85M | €2.94M | €2.99M | €3.02M |
| Fixed assets | 21/28 | €2.71M | €2.82M | €2.91M | €2.96M | €2.95M |
| Formation expenses | 20 | - | - | - | - | €0 |
| Intangible fixed assets | 21 | - | - | - | - | €0 |
| Tangible fixed assets | 22/27 | €2.26M | €2.36M | €2.46M | €2.51M | €2.49M |
| Financial fixed assets | 28 | €455k | €455k | €455k | €455k | €455k |
| Current assets | 29/58 | €45k | €29k | €21k | €34k | €393k |
| Stocks & contracts in progress | 3 | - | - | - | - | €0 |
| Amounts receivable within one year | 40/41 | €160 | €2k | €2k | €224 | €16k |
| Investments | 50/53 | - | - | - | - | €0 |
| Cash & bank | 54/58 | €42k | €24k | €17k | €32k | €389k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.76M | €2.85M | €2.94M | €2.99M | €3.02M |
| Equity | 10/15 | €1.45M | €1.35M | €1.32M | €1.29M | €1.26M |
| Contributions / capital | 10/11 | €984k | €984k | €984k | €984k | - |
| Reserves | 13 | €470k | €362k | €336k | €310k | €275k |
| Accumulated profits (losses) | 14 | €0 | - | - | - | €0 |
| Amounts payable | 17/49 | €1.31M | €1.50M | €1.62M | €1.70M | €1.77M |
| Amounts payable after one year | 17 | €878k | €955k | €1.03M | €1.11M | €839k |
| Amounts payable within one year | 42/48 | €427k | €547k | €583k | €591k | €925k |
| Trade debts payable within one year | 44 | €10k | €5k | €3k | €8k | €34k |
| Income statement | ||||||
| Gross operating margin | 9900 | €200k | €217k | €209k | €215k | €255k |
| Operating result | 9901 | €72k | €90k | €76k | €73k | €118k |
| Financial income | 75 | €135k | €0 | €0 | €7 | €0 |
| Financial charges | 65 | €55k | €52k | €35k | €10k | €41k |
| Result before taxes | 9903 | €152k | €38k | €40k | €63k | €77k |
| Income taxes | 67/77 | €18k | €13k | €14k | €19k | €26k |
| Net result for the period | 9904 | €134k | €25k | €27k | €44k | €51k |
| Result to be appropriated | 9905 | €134k | €25k | €27k | €44k | €51k |
Legal Structure
| NACE primary | Real estate agency activities(68310) |
| Legal form | Private limited company(610) |
| Incorporation | 01-12-2003 |
| Status | Active |
| Postal code | 9420 |
Establishment units
MBK - INVEST
since 20042.136.403.521
MBK-INVEST
since 20062.154.400.187
Real-estate footprint
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41009A0170/00C000 | Flanders | 1,123 m² | 1 · 237 m² | 10.1 m · 2 fl. |
| 38402D0257/00E000 | Flanders | 495 m² | 1 · 448 m² | 31.9 m · 7 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Highest result since 2020net €134k ▲427%
Net result €134k, the highest in the series.
12-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 12 days late
2024
30-06
Financial
Weakest financial yearnet €25k ▼4.5%
Net result drops to €25k, the lowest in the series; recovery starts the following year.
26-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
04-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 4 days late
2021
15-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 15 days late
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
10-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Real estate agency activities68310Real estate activities6831170311
Names & trade names
| Legal nameNL | MBK-INVEST |
Similar companies
CEMENT
BE 0680.921.489 · Herent
Axel Jamar
BE 0687.743.064 · Antwerpen
ALGEMA
BE 0432.251.202 · Hechtel-Eksel
DROIT & IMMOBILIER
BE 0447.415.171 · Charleroi
IMMO HUBEKO
BE 0449.788.604 · Horebeke