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MBORN

Active
Private limited companyfounded 20251 yr activeRue de l'Eglise 4, 6032 Charleroi, BelgiumKBO/BCE: BE 1018.359.349
Summary

MBORN has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €39,992 and a net result of €38,492. Its solvency ranks better than 23% of 12860 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2025
Axes
Profitability98
Solvency49
Growth-
Track record67
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity short (current ratio 0.45; short-term debt: 75.7% and cash: 21.6% of total assets), and 75.7% of the assets are financed with debt.
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Signals

Six 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 →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
24.3%
Return on assets
23.4%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 12860 sector peers (2025).
NBB · sector comparison
Position among 12860 sector peers
Solvency
better than 23%
← 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 18-08-2026, 18 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 · 1 filing
Deviation from the deadline
2025
18 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · 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

History

MBORN was incorporated on 7 January 2025 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€39,992
Total assets
€164,384
Net result
€38,492
Working capital
-€68,487

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

Balance-sheet composition
Assets €164,384
Fixed assets €108,479
Current assets €55,905
Equity and liabilities €164,384
Equity €39,992
Debt €124,393
Debt finances 75.7% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€63,308
Cash flow
€50,271
Current ratio
0.45
Debt to equity
3.11
ROE
96.2%
ROA
23.4%
Interest coverage
34.98
Debt ≤ 1 year
€124,393
Income taxes
€11,229

Peer companies

Historical observation

Of the 2,390 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 97% are still going.

  • Micro
  • under 2 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.2% went bankrupt
2.0% stopped otherwise
97% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 2,390 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
Filed annual accounts As filed with the NBB · 2025 · 34 lines
Balance sheet Code2025
Assets
Total assets20/58€164,384
Fixed assets21/28€108,479
Intangible fixed assets21€108,230
Tangible fixed assets22/27€249
Furniture and vehicles24€249
Current assets29/58€55,905
Amounts receivable within one year40/41€20,147
Trade receivables40€20,147
Cash at bank and in hand54/58€35,552
Deferred charges and accrued income490/1€207
Equity and liabilities
Total equity and liabilities10/49€164,384
Equity10/15€39,992
Contributions10/11€1,500
Profit (loss) carried forward14€38,492
Amounts payable17/49€124,393
Amounts payable within one year42/48€124,393
Trade debts44€1,536
Suppliers440/4€1,536
Taxes, remuneration and social security45€23,698
Taxes450/3€23,698
Other amounts payable47/48€99,159
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,779
Other operating charges640/8€914
Gross operating margin9900€64,222
Operating profit (loss)9901€51,529
Financial income75/76B€1
Recurring financial income75€1
Financial charges65/66B€1,810
Recurring financial charges65€1,810
Profit (loss) for the period before taxes9903€49,721
Income taxes67/77€11,229
Profit (loss) for the period9904€38,492
Profit (loss) for the period to be appropriated9905€38,492
Appropriation of the result
Profit (loss) to be appropriated9906€38,492

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,779
Other operating charges640/8€914
Gross operating margin9900€64,222
Operating profit (loss)9901€51,529
Financial income75/76B€1
Recurring financial income75€1
Financial charges65/66B€1,810
Recurring financial charges65€1,810
Profit (loss) for the period before taxes9903€49,721
Income taxes67/77€11,229
Profit (loss) for the period9904€38,492
Profit (loss) for the period to be appropriated9905€38,492
Line2025
Assets
Total assets20/58€164,384
Fixed assets21/28€108,479
Intangible fixed assets21€108,230
Tangible fixed assets22/27€249
Furniture and vehicles24€249
Current assets29/58€55,905
Amounts receivable within one year40/41€20,147
Trade receivables40€20,147
Cash at bank and in hand54/58€35,552
Deferred charges and accrued income490/1€207
Equity and liabilities
Total equity and liabilities10/49€164,384
Equity10/15€39,992
Contributions10/11€1,500
Profit (loss) carried forward14€38,492
Amounts payable17/49€124,393
Amounts payable within one year42/48€124,393
Trade debts44€1,536
Suppliers440/4€1,536
Taxes, remuneration and social security45€23,698
Taxes450/3€23,698
Other amounts payable47/48€99,159
Line2025
Profit (loss) for the period9904€38,492
+ Depreciation and write-downs630€11,779
Operating cash flow (approximation)€50,271

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
18-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Charleroi · 1 establishment unit since 2025
seat establishment The establishment unit on the map
Ground area
114 m²
Building footprint
67 m²
Volume, LiDAR
661 m³
Parcel 52050A0370/00Y004, Wallonia · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
MBORN
Rue de l'Eglise 4, 6032 CharleroiActivities of lawyers
since 20252.370.137.095
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
52050A0370/00Y004 Wallonia 114 m² 1 · 67 m² 11.5 m · 3 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 22,057 companies in sector 69101 we hold annual accounts for 9,058. 7,011 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
Founded07-01-2025
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
E-invoicing
Reachable via Peppol
Peppol ID 0208:1018359349
Registered 07-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

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