MBK Management
ActiveSummary
MBK Management has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18k and a net result of €-7k. Equity is growing by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 62% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-69
Solvency93▼-7
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 2.81 against 4.3 in 2024; short-term debt: 29.8% and cash: 65.1% of total assets), and 32.4% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
67.6%
Return on assets
-25.9%
Age of the figures
15 mo
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 · 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
19202122232425
2019 to 2025 · latest year €-7k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-12-2025, 33 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
33 d early
2024
2 d early
2023
2 d early
2022
25 d early
2021
on the day
2020
27 d early
2019
22 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€18k▼ 27.7%
2024 · €25k
2019: €19k
2020: €19k▲ +2.4% vs 2019
2021: €21k▲ +10.2% vs 2020
2022: €26k▲ +19.8% vs 2021highest in 7 years
2023: €25k▼ -3.8% vs 2022
2024: €25k▼ -0.1% vs 2023
2025: €18k▼ -27.7% vs 2024lowest in 7 years
2019 → 2025
Total assets
€26k▼ 17.5%
2024 · €32k
2019: €33k
2020: €31k▼ -5.7% vs 2019
2021: €28k▼ -8.0% vs 2020
2022: €34k▲ +21.8% vs 2021highest in 7 years
2023: €31k▼ -8.7% vs 2022
2024: €32k▲ +1.5% vs 2023
2025: €26k▼ -17.5% vs 2024lowest in 7 years
2019 → 2025
Net result
€-7k▼ 46,402%
2024 · €-15
2019: €4k
2020: €451▼ -88.2% vs 2019
2021: €2k▲ +339% vs 2020
2022: €4k▲ +114% vs 2021highest in 7 years
2023: €-978▼ -123% vs 2022
2024: €-15▲ +98.5% vs 2023
2025: €-7k▼ -46402% vs 2024lowest in 7 years
2019 → 2025
Working capital
€14k▼ 34.9%
2024 · €22k
2019: €9klowest in 7 years
2020: €11k▲ +24.8% vs 2019
2021: €15k▲ +42.4% vs 2020
2022: €19k▲ +24.5% vs 2021
2023: €11k▼ -45.1% vs 2022
2024: €22k▲ +107% vs 2023highest in 7 years
2025: €14k▼ -34.9% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€21k-€26k▲ 19.8%€25k▼ 3.8%€25k▼ 0.1%€18k▼ 27.7%
2021: €21k
2022: €26k▲ +19.8% vs 2021highest in 5 years
2023: €25k▼ -3.8% vs 2022
2024: €25k▼ -0.1% vs 2023
2025: €18k▼ -27.7% vs 2024lowest in 5 years
Operating result€4k-€7k▲ 97.8%€4▼ 99.9%€508▲ 11,390%€-7k
2021: €4k
2022: €7k▲ +97.8% vs 2021highest in 5 years
2023: €4▼ -99.9% vs 2022
2024: €508▲ +11390% vs 2023
2025: €-7k▼ -1381% vs 2024lowest in 5 years
Net result€2k-€4k▲ 114%€-978€-15▲ 98.5%€-7k▼ 46,402%
2021: €2k
2022: €4k▲ +114% vs 2021highest in 5 years
2023: €-978▼ -123% vs 2022
2024: €-15▲ +98.5% vs 2023
2025: €-7k▼ -46402% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €7k after €508 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €26k
Fixed assets
€4k ▲ 21.9%
Current assets
€22k ▼ 22.4%
Equity and liabilities €26k
Equity
€18k ▼ 27.7%
Debt
€9k ▲ 16.8%
Debt's share of the balance-sheet total rises from 22.9% to 32.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-5k▼
2024 · €3k
Cash flow
€-5k▼
2024 · €2k
Current ratio
2.81▼
2024 · 4.30
Debt to equity
0.48▲
2024 · 0.30
ROE
-38.4%▼
2024 · -0.1%
ROA
-25.9%▼
2024 · 0.0%
Interest coverage
-14.60▼
2024 · 18.64
Debt ≤ 1 year
€8k▲
2024 · €7k
Income taxes
€0▼
2024 · €370
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 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€32k€26k▼
Fixed assets21/28€4k€4k▲
Tangible fixed assets22/27€4k€4k▲
Furniture and vehicles24€3k€4k▲
Other tangible fixed assets26€790€691▼
Current assets29/58€28k€22k▼
Amounts receivable within one year40/41€22€5k▲
Trade receivables40€22€5k▲
Other amounts receivable41€0-
Cash at bank and in hand54/58€28k€17k▼
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€32k€26k▼
Equity10/15€25k€18k▼
Contributions10/11€6k€6k=
Reserves13€18k€12k▼
Distributable reserves133€18k€12k▼
Amounts payable17/49€7k€9k▲
Amounts payable within one year42/48€7k€8k▲
Trade debts44€4k€5k▲
Suppliers440/4€4k€5k▲
Taxes, remuneration and social security45€915€563▼
Taxes450/3€915€563▼
Other amounts payable47/48€2k€2k▼
Accrued charges and deferred income492/3€700€700=
Income statement
Code20242025
Non-recurring operating income76A€685€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼
Other operating charges640/8€846€499▼
Gross operating margin9900€4k€-4k▼
Operating profit (loss)9901€508€-7k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€152€315▲
Recurring financial charges65€152€315▲
Profit (loss) for the period before taxes9903€356€-7k▼
Income taxes67/77€370€0▼
Profit (loss) for the period9904€-15€-7k▼
Profit (loss) for the period to be appropriated9905€-15€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-15€-7k▼
Transfer from equity791/2€15€7k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €685 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €3k | €4k | €2k | €2k | ▼ 18.2% |
| Other operating charges640/8 | - | €1k | €1k | €846 | €499 | ▼ 40.9% |
| Non-recurring operating charges66A | - | €62 | €0 | - | - | - |
| Gross operating margin9900 | €7k | €12k | €5k | €4k | €-4k | ▼ 211% |
| Operating profit (loss)9901 | €4k | €7k | €4 | €508 | €-7k | ▼ 1,381% |
| Financial income75/76B | - | €0 | €0 | €0 | - | - |
| Recurring financial income75 | - | €0 | €0 | €0 | - | - |
| Financial charges65/66B | - | €701 | €542 | €152 | €315 | ▲ 107% |
| Recurring financial charges65 | €943 | €701 | €542 | €152 | €315 | ▲ 107% |
| Profit (loss) for the period before taxes9903 | €3k | €6k | €-537 | €356 | €-7k | ▼ 2,019% |
| Income taxes67/77 | €711 | €2k | €441 | €370 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €2k | €4k | €-978 | €-15 | €-7k | ▼ 46,402% |
| Profit (loss) for the period to be appropriated9905 | €2k | €4k | €-978 | €-15 | €-7k | ▼ 46,402% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €28k | €34k | €31k | €32k | €26k | ▼ 17.5% |
| Fixed assets21/28 | €7k | €7k | €15k | €4k | €4k | ▲ 21.9% |
| Tangible fixed assets22/27 | €7k | €7k | €15k | €4k | €4k | ▲ 21.9% |
| Furniture and vehicles24 | - | €4k | €13k | €3k | €4k | ▲ 31.9% |
| Other tangible fixed assets26 | - | €3k | €2k | €790 | €691 | ▼ 12.5% |
| Current assets29/58 | €21k | €27k | €17k | €28k | €22k | ▼ 22.4% |
| Amounts receivable within one year40/41 | €105 | €7k | €4k | €22 | €5k | ▲ 21,929% |
| Trade receivables40 | - | €7k | €1k | €22 | €5k | ▲ 21,929% |
| Other amounts receivable41 | - | - | €3k | €0 | - | - |
| Cash at bank and in hand54/58 | €21k | €20k | €12k | €28k | €17k | ▼ 39.6% |
| Deferred charges and accrued income490/1 | - | €651 | €718 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €28k | €34k | €31k | €32k | €26k | ▼ 17.5% |
| Equity10/15 | €21k | €26k | €25k | €25k | €18k | ▼ 27.7% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €15k | €19k | €18k | €18k | €12k | ▼ 37.1% |
| Non-distributable reserves130/1 | - | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €0 | - | - | - |
| Distributable reserves133 | - | €18k | €18k | €18k | €12k | ▼ 37.1% |
| Amounts payable17/49 | €7k | €9k | €7k | €7k | €9k | ▲ 16.8% |
| Amounts payable within one year42/48 | €6k | €8k | €6k | €7k | €8k | ▲ 18.6% |
| Trade debts44 | €1k | €3k | €2k | €4k | €5k | ▲ 52.1% |
| Suppliers440/4 | - | €3k | €2k | €4k | €5k | ▲ 52.1% |
| Taxes, remuneration and social security45 | - | €3k | €441 | €915 | €563 | ▼ 38.4% |
| Taxes450/3 | - | €3k | €441 | €915 | €563 | ▼ 38.4% |
| Other amounts payable47/48 | - | €2k | €3k | €2k | €2k | ▼ 14.1% |
| Accrued charges and deferred income492/3 | - | €823 | €700 | €700 | €700 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €4k | €-978 | €-15 | €-7k | ▼ 46,402% |
| + Depreciation and write-downs630 | €3k | €3k | €4k | €2k | €2k | ▼ 18.2% |
| Operating cash flow (approximation) | €5k | €7k | €3k | €2k | €-5k | ▼ 312% |
| Investment in fixed assets (approximation) | - | €-3k | €-11k | €9k | €-3k | ▼ 130% |
| Change in cash | - | €-528 | €-8k | €16k | €-11k | ▼ 170% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
29-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series.
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Highest result since 2019net €4k ▲114%
Operating result €7k, net result €4k, both a record.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
04-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
18-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 18 days late
2018
11-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
27-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Houthalen-Helchteren · 1 establishment unit since 2011
Ground area
2,140 m²
Building footprint
301 m²
Volume, LiDAR
1,540 m³
2 parcels, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BK MANAGEMENT BVBA
since 20112.207.045.156
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71442C0678/00C000 | Flanders | 1,343 m² | 1 · 112 m² | 8.3 m · 2 fl. |
| 72452E1154/00L020 | Flanders | 798 m² | 1 · 189 m² | 6.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 5,699 companies in sector 70100 we hold annual accounts for 3,495. 1,509 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-12-2011
Fiscal year end30-06
Activities, NACEBEL 2025
70100Activities of head offices
62100Computer programming
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.