MBM PHARMA
ActiveSummary
MBM PHARMA has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €248,965 and a net result of €277,451. Equity is growing by ~25.1% per year across the filed fiscal years. Its solvency ranks better than 49% of 1743 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency57=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19,000 at 30 days acceptable
Liquidity tight (current ratio 1.47 against 1.47 in 2023; short-term debt: 68.1% and cash: 78.8% of total assets), and 68.1% of the assets are financed with debt.
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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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-07-2025, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
40 d early
2022
32 d early
2021
135 d early
2020
29 d early
2019
22 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 48 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€277,451▼ 12.6%
2023 · €317,306
Working capital
€248,937▼ 6.0%
2023 · €264,805
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€201,166▼ 41.0%€296,724▲ 47.5%€330,647▲ 11.4%€386,292▲ 16.8%€343,659▼ 11.0%
Net result€143,944within the sector's middle half▼ 42.4%€233,983above the sector's middle half▲ 62.6%€264,532above the sector's middle half▲ 13.1%€317,306above the sector's middle half▲ 20.0%€277,451above the sector's middle half▼ 12.6%
Equity€147,334within the sector's middle half▲ 42.5%€159,317within the sector's middle half▲ 8.1%€294,208within the sector's middle half▲ 84.7%€267,514within the sector's middle half▼ 9.1%€248,965within the sector's middle half▼ 6.9%
Total assets€440,214within the sector's middle half▼ 1.4%€640,018within the sector's middle half▲ 45.4%€643,708within the sector's middle half▲ 0.6%€835,526within the sector's middle half▲ 29.8%€779,643within the sector's middle half▼ 6.7%
Debt€292,880▼ 14.6%€480,701▲ 64.1%€349,501▼ 27.3%€568,012▲ 62.5%€530,679▼ 6.6%
Working capital€101,962within the sector's middle half▲ 88.5%€127,631within the sector's middle half▲ 25.2%€278,950within the sector's middle half▲ 119%€264,805within the sector's middle half▼ 5.1%€248,937within the sector's middle half▼ 6.0%
Solvency33.5%within the sector's middle half▲ 10.3pp24.9%within the sector's middle half▼ 8.6pp45.7%within the sector's middle half▲ 20.8pp32.0%within the sector's middle half▼ 13.7pp31.9%within the sector's middle half▼ 0.1pp
Current ratio1.36within the sector's middle half▲ 0.201.27within the sector's middle half▼ 0.091.80within the sector's middle half▲ 0.531.47within the sector's middle half▼ 0.331.47within the sector's middle half=
Return on assets (ROA)32.7%above the sector's middle half▼ 23.3pp36.6%above the sector's middle half▲ 3.9pp41.1%above the sector's middle half▲ 4.5pp38.0%above the sector's middle half▼ 3.1pp35.6%above the sector's middle half▼ 2.4pp
Staff (FTE)10.9above the sector's middle half▲ 9.0%11.8above the sector's middle half▲ 8.3%12.1above the sector's middle half▲ 2.5%11.4above the sector's middle half▼ 5.8%9.9above the sector's middle half▼ 13.2%
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 11% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €779,643
Fixed assets
€27 ▼ 99.0%
Current assets
€779,616 ▼ 6.4%
Equity and liabilities €779,643
Equity
€248,965 ▼ 6.9%
Debt
€530,679 ▼ 6.6%
Debt's share of the balance-sheet total rises from 68.0% to 68.1%. Equity and debt are lower.
Key figures and ratios
Debt to equity
2.13▲
2023 · 2.12
ROE
111.4%▼
2023 · 118.6%
Debt ≤ 1 year
€530,679▼
2023 · €568,012
Income taxes
€65,912▼
2023 · €67,588
Staff costs
€556,647▼
2023 · €593,111
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,349 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €17,002 | - |
| Remuneration, social security and pensions62 | - | - | €624,512 | €593,111 | €556,647 | ▼ 6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,470 | €20,400 | €20,400 | €12,548 | - | - |
| Other operating charges640/8 | - | - | - | - | €6 | - |
| Gross operating margin9900 | €677,668 | €852,049 | €975,559 | €991,951 | €900,313 | ▼ 9.2% |
| Operating profit (loss)9901 | €201,166 | €296,724 | €330,647 | €386,292 | €343,659 | ▼ 11.0% |
| Financial income75/76B | - | - | - | €538 | €1,871 | ▲ 248% |
| Recurring financial income75 | - | - | - | €538 | €1,871 | ▲ 248% |
| Financial charges65/66B | - | - | €939 | €1,936 | €2,168 | ▲ 12.0% |
| Recurring financial charges65 | €929 | €992 | €939 | €1,936 | €2,168 | ▲ 12.0% |
| Profit (loss) for the period before taxes9903 | €200,237 | €295,732 | €329,709 | €384,894 | €343,363 | ▼ 10.8% |
| Income taxes67/77 | €56,293 | €61,748 | €65,177 | €67,588 | €65,912 | ▼ 2.5% |
| Profit (loss) for the period9904 | €143,944 | €233,983 | €264,532 | €317,306 | €277,451 | ▼ 12.6% |
| Profit (loss) for the period to be appropriated9905 | €143,944 | €233,983 | €264,532 | €317,306 | €277,451 | ▼ 12.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €440,214 | €640,018 | €643,708 | €835,526 | €779,643 | ▼ 6.7% |
| Fixed assets21/28 | €56,057 | €35,657 | €15,257 | €2,709 | €27 | ▼ 99.0% |
| Tangible fixed assets22/27 | €56,030 | €35,630 | €15,230 | €2,682 | - | - |
| Furniture and vehicles24 | - | - | €15,230 | €2,682 | - | - |
| Financial fixed assets28 | €27 | €27 | €27 | €27 | €27 | = |
| Current assets29/58 | €384,156 | €604,360 | €628,451 | €832,817 | €779,616 | ▼ 6.4% |
| Amounts receivable within one year40/41 | €107,472 | €202,069 | €259,997 | €401,518 | €157,401 | ▼ 60.8% |
| Trade receivables40 | - | - | €95,195 | €87,535 | €136,218 | ▲ 55.6% |
| Other amounts receivable41 | - | - | €164,803 | €313,983 | €21,183 | ▼ 93.3% |
| Cash at bank and in hand54/58 | €270,746 | €395,016 | €359,755 | €421,652 | €614,088 | ▲ 45.6% |
| Deferred charges and accrued income490/1 | - | - | €8,699 | €9,647 | €8,127 | ▼ 15.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €440,214 | €640,018 | €643,708 | €835,526 | €779,643 | ▼ 6.7% |
| Equity10/15 | €147,334 | €159,317 | €294,208 | €267,514 | €248,965 | ▼ 6.9% |
| Contributions10/11 | - | - | €90,951 | €90,951 | €90,951 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | - | €1,859 | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,859 | - | - | - |
| Distributable reserves133 | - | - | - | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | €126,882 | €138,866 | €201,398 | €174,704 | €156,154 | ▼ 10.6% |
| Amounts payable17/49 | €292,880 | €480,701 | €349,501 | €568,012 | €530,679 | ▼ 6.6% |
| Amounts payable after more than one year17 | €10,686 | €3,971 | - | - | - | - |
| Amounts payable within one year42/48 | €282,194 | €476,729 | €349,501 | €568,012 | €530,679 | ▼ 6.6% |
| Current portion of amounts payable after more than one year42 | - | - | €3,971 | - | - | - |
| Trade debts44 | €85,074 | €157,664 | €77,894 | €138,438 | €150,843 | ▲ 9.0% |
| Suppliers440/4 | - | - | €77,894 | €138,438 | €150,843 | ▲ 9.0% |
| Taxes, remuneration and social security45 | - | - | €65,636 | €85,062 | €83,835 | ▼ 1.4% |
| Taxes450/3 | - | - | €5,152 | €7,428 | €12,617 | ▲ 69.9% |
| Remuneration and social security454/9 | - | - | €60,484 | €77,634 | €71,219 | ▼ 8.3% |
| Other amounts payable47/48 | - | - | €202,000 | €344,512 | €296,000 | ▼ 14.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €143,944 | €233,983 | €264,532 | €317,306 | €277,451 | ▼ 12.6% |
| + Depreciation and write-downs630 | €20,470 | €20,400 | €20,400 | €12,548 | - | - |
| Operating cash flow (approximation) | €164,414 | €254,383 | €284,932 | €329,855 | €277,451 | ▼ 15.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €2,682 | - |
| Change in cash | - | €124,270 | -€35,261 | €61,898 | €192,436 | ▲ 211% |
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
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €317,306 ▲20%
Operating result €386,292, net result €317,306, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €200,000Eq €294,208 ▲84.7%
5 profitable years in a row build equity to €294,208.
18-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €150,000Eq €159,317 ▲8.1%
4 profitable years in a row build equity to €159,317.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €143,944 ▼42.4%
Net result drops to €143,944, the lowest in the series; recovery starts the following year.
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €100,000Eq €103,389 ▲109%
2 profitable years in a row build equity to €103,389.
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Show earlier events
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 21 days late
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
27-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
7 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, Oudergem · 2 establishment units since 2008
Ground area
1,766 m²
Building footprint
1,063 m²
Volume, LiDAR
13,482 m³
2 parcels, Brussels, Wallonia · tallest building 18.7 m, ±4 floors. Linked by address, not a title deed.
49
companies at this address
See who is registered here
2 establishment units
Tedescolaan 7, 1160 Oudergem
since 20082.230.476.495
Chaussée de Liège(JB) 624, 5100 Namur
since 20212.324.576.195
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21332B0493/00H031 | Brussels | 1,290 m² | 1 · 566 m² | 18.7 m · 4 fl. |
| 92067A0066/00F000 | Wallonia | 476 m² | 1 · 497 m² | 16.7 m · 4 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.
Structure & network
Owners and holdings
1 ownerChain of control
- MBM Groupe
- MBM PHARMA
Highest known parent: MBM Groupe. The sources do not say who stands above it.
Owners 1
- MBM GroupeparentSourceaccounts MBM Groupe 2024100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 12,174 companies in sector 69201 we hold annual accounts for 7,641. 6,200 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 (pre-2019)
Founded13-12-1994
Fiscal year end31-12
Abbreviation FR
M.B.M.
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Contact
Website
www.mbm-groupe.beOudergem
E-mail
info@mbm-groupe.beOudergem
Phone
023436421Oudergem
Fax
023436813Oudergem
E-invoicing
Reachable via Peppol
Peppol ID
0208:0454016517
Also
9925:BE0454016517
Registered
24-11-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.