MBO GROUP

Active

Private limited companyfounded 20206 yrs activeLéon Lepagestraat 2, 1000 Brussel, BelgiumKBO/BCE: BE 0750.634.104

Summary

The computed 12-month bankruptcy probability of MBO GROUP is 7.5% (elevated). The 2024 annual accounts show negative equity (€-7k) and a net result of €-40k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 26043 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

12 / 100

Critical

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-65

Solvency19▼-26

Growth32▼-20

Track record100

Bankruptcy probability, 12 months

7.5% Elevated

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.53 against 0.97 in 2023; short-term debt: 102.1% and cash: 7.5% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit check for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

+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 date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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 2024

Solvency, return and age of the figures

Solvency

-6.4%

Return on assets

-38.4%

Age of the figures

21 mo

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

21222324

2021 to 2024 · latest year €-7k

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-03-2026, 218 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

218 d late

2023

29 d late

2022

144 d late

2021

3 d early

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€-7k

2023 · €33k

2021: €25k 2022: €38k 2023: €33k

2021 → 2024

Total assets

€104k▼ 36.5%

2023 · €163k

2021: €62k 2022: €57k 2023: €163k

2021 → 2024

Net result

€-40k▼ 712%

2023 · €-5k

2021: €8k 2022: €13k 2023: €-5k

2021 → 2024

Working capital

€-50k▼ 1,233%

2023 · €-4k

2021: €-7k 2022: €7k 2023: €-4k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€25k-€38k▲ 54.0%€33k▼ 12.9%€-7k

Operating result€9k-€19k▲ 111%€-5k€-39k▼ 741%

Net result€8k-€13k▲ 63.0%€-5k€-40k▼ 712%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €39k in 2024 against €5k in 2023; the loss grows and 2024 has the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €104k

45.9%

54.1%

Fixed assets €48k ▲ 29.1%

Current assets €56k ▼ 55.7%

Key figures and ratios

2024 value · change against 2023

EBITDA

€-26k▼

2023 · €3k

Cash flow

€-26k▼

2023 · €2k

Solvency

-6.4%▼

2023 · 20.3%

Current ratio

0.53▼

2023 · 0.97

Quick ratio

0.51▼

2023 · 0.91

Debt to equity

-16.59▼

2023 · 3.93

ROA

-38.4%▼

2023 · -3.0%

Interest coverage

-44.20▼

2023 · 10.55

Debt

€110k▼

2023 · €130k

Debt ≤ 1 year

€106k▼

2023 · €130k

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 · 2024 against 2023 · 44 lines

Balance sheet Code20232024

Assets

Total assets20/58€163k€104k▼

Fixed assets21/28€37k€48k▲

Tangible fixed assets22/27€23k€34k▲

Land and buildings22€2k€5k▲

Plant, machinery and equipment23€15k€7k▼

Furniture and vehicles24€1k€17k▲

Other tangible fixed assets26€6k€5k▼

Financial fixed assets28€14k€14k=

Current assets29/58€126k€56k▼

Stocks and contracts in progress3€8k€2k▼

Stocks30/36€8k€2k▼

Amounts receivable within one year40/41€118k€46k▼

Trade receivables40€110k€39k▼

Other amounts receivable41€7k€7k▼

Cash at bank and in hand54/58€355€8k▲

Deferred charges and accrued income490/1€161€57▼

Equity and liabilities

Total equity and liabilities10/49€163k€104k▼

Equity10/15€33k€-7k▼

Contributions10/11€17k€17k=

Profit (loss) carried forward14€17k€-23k▼

Amounts payable17/49€130k€110k▼

Amounts payable within one year42/48€130k€106k▼

Trade debts44€123k€87k▼

Suppliers440/4€123k€87k▼

Taxes, remuneration and social security45€5k€5k▼

Taxes450/3€5k€3k▼

Remuneration and social security454/9€0€2k▲

Other amounts payable47/48€1k€14k▲

Accrued charges and deferred income492/3-€5k

Income statement Code20232024

Non-recurring operating income76A-€8k

Remuneration, social security and pensions62€3k-

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€14k▲

Other operating charges640/8€1k€6k▲

Gross operating margin9900€7k€-19k▼

Operating profit (loss)9901€-5k€-39k▼

Financial income75/76B€3€0▼

Recurring financial income75€3€0▼

Financial charges65/66B€239€578▲

Recurring financial charges65€239€578▲

Profit (loss) for the period before taxes9903€-5k€-40k▼

Profit (loss) for the period9904€-5k€-40k▼

Profit (loss) for the period to be appropriated9905€-5k€-40k▼

Appropriation of the result

Profit (loss) to be appropriated9906€17k€-23k▼

Profit (loss) brought forward from the previous period14P€21k€17k▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 2Filings 4

2026

06-03

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 218 days late

2024

31-12

Financial Weakest financial yearnet €-40k

Net result drops to €-40k, the lowest in the series.

29-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 29 days late

2023

22-12

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 144 days late

2022

31-12

Financial Highest result since 2021net €13k ▲63%

Operating result €19k, net result €13k, both a record.

28-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

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, Brussel · 2 establishment units since 2020

establishment All 2 establishment units on the map

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.

Léon Lepagestraat 21000 Brussel

Ground area

476 m²

Building footprint

439 m²

Volume, LiDAR

10,003 m³

2 parcels, Brussels · tallest building 29.0 m, ±8 floors. Linked by address, not a title deed.

2 establishment units

Bake Away

Léon Lepagestraat 2, 1000 BrusselRetail trade

since 20202.305.103.446

Wellberry

Antoine Dansaertstraat 4, 1000 BrusselManufacture of food products

since 20252.382.536.566

2 parcels

Brussels 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21811M0788/00D000 ProtectedMonumentJazzclub l'ArchiducSource ↗	Brussels	375 m²	1 · 339 m²	29.0 m · 8 fl.
21811M0600/00E000	Brussels	101 m²	1 · 100 m²	26.8 m · 7 fl.

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.

1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Recognitions · licences · registrations

Food safety, FASFC

2 sites

Brussel2.305.103.446

1 permission

Toelating · Detailhandel met verwerking · since 31-01-2024

Brussel2.382.536.566

1 permission

Drankgelegenheid · since 08-01-2026

Similar companies · same sector, comparable size

ZOHOR

BE 0455.182.002

Sint-Gillis (bij-Brussel) · Eq €33,200

Etterbeek · Eq €33,296

Bakkerij Vanbroekhoven

Wezembeek-Oppem · Eq €32,707

Of 2,407 companies in sector 47241 we hold annual accounts for 1,100. 913 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded14-07-2020

Fiscal year end31-12

Activities, NACEBEL 2025

47241Retail sale of bread and pastry (bakery outlets)

47400Retail sale of information and communication equipment

49330On-demand passenger transport by chauffeured vehicle

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.