MBP Services
ActiveSummary
MBP Services has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €365,542 and a net result of €114,438. Equity is growing by ~11.4% per year across the filed fiscal years. Its solvency ranks better than 62% of 7900 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability90▼-2
Solvency79▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 2.76 against 2.25 in 2024; short-term debt: 32.4% and cash: 0% of total assets), and 45.5% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
54.5%
Return on assets
17.1%
Age of the figures
12 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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
9 d late
2023
108 d late
2022
50 d late
2021
31 d late
2020
27 d late
2019
25 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 36 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#5 company by total assets in Hemiksem, Construction sector#5 company by equity in Hemiksem, Construction sector
Equity
€365,542▲ 9.7%
2024 · €333,271
Total assets
€671,044▲ 3.0%
2024 · €651,525
Net result
€114,438▼ 3.8%
2024 · €118,921
Working capital
€383,682▲ 19.8%
2024 · €320,372
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line20212022202320242025
Operating result€118,411▲ 71.9%€124,029▲ 4.7%€87,074▼ 29.8%€132,311▲ 52.0%€135,515▲ 2.4%
Net result€106,091within the sector's middle half▲ 103%€106,568within the sector's middle half▲ 0.4%€80,742within the sector's middle half▼ 24.2%€118,921within the sector's middle half▲ 47.3%€114,438above the sector's middle half▼ 3.8%
Equity€249,931within the sector's middle half▲ 15.4%€287,415within the sector's middle half▲ 15.0%€299,080within the sector's middle half▲ 4.1%€333,271within the sector's middle half▲ 11.4%€365,542within the sector's middle half▲ 9.7%
Total assets€876,214within the sector's middle half▲ 42.3%€541,701within the sector's middle half▼ 38.2%€594,388within the sector's middle half▲ 9.7%€651,525within the sector's middle half▲ 9.6%€671,044within the sector's middle half▲ 3.0%
Debt€597,284▲ 49.6%€218,513▼ 63.4%€257,084▲ 17.7%€282,157▲ 9.8%€259,937▼ 7.9%
Working capital€240,032▲ 23.9%€252,392▲ 5.1%€261,776▲ 3.7%€320,372▲ 22.4%€383,682▲ 19.8%
Solvency28.5%within the sector's middle half▼ 6.6pp53.1%within the sector's middle half▲ 24.5pp50.3%within the sector's middle half▼ 2.7pp51.2%within the sector's middle half▲ 0.8pp54.5%within the sector's middle half▲ 3.3pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 2% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €671,044
Fixed assets
€69,790 ▼ 6.1%
Current assets
€601,253 ▲ 4.2%
Equity and liabilities €671,044
Equity
€365,542 ▲ 9.7%
Provisions
€45,564 ▲ 26.2%
Debt
€259,937 ▼ 7.9%
Debt's share of the balance-sheet total falls from 43.3% to 38.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€145,934▲
2024 · €143,196
Cash flow
€124,857▼
2024 · €129,806
Current ratio
2.76▲
2024 · 2.25
Debt to equity
0.71▼
2024 · 0.85
ROE
31.3%▼
2024 · 35.7%
ROA
17.1%▼
2024 · 18.3%
Interest coverage
57.05▼
2024 · 68.29
Debt ≤ 1 year
€217,571▼
2024 · €256,796
Income taxes
€29,658▲
2024 · €24,340
Staff costs
€340▼
2024 · €632
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,792 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% | 1.6% |
| 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 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 17,792 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €4,647 | €632 | €340 | ▼ 46.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,382 | €7,837 | €10,856 | €10,885 | €10,419 | ▼ 4.3% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €28,999 | €6,774 | €2,451 | -€2,127 | €9,468 | ▲ 545% |
| Other operating charges640/8 | €2,556 | €2,948 | €44,659 | €3,351 | €1,302 | ▼ 61.1% |
| Gross operating margin9900 | €154,348 | €141,588 | €149,687 | €145,052 | €157,044 | ▲ 8.3% |
| Operating profit (loss)9901 | €118,411 | €124,029 | €87,074 | €132,311 | €135,515 | ▲ 2.4% |
| Financial income75/76B | €14,126 | €11,215 | €9,993 | €13,047 | €11,139 | ▼ 14.6% |
| Recurring financial income75 | €14,126 | €11,215 | €9,993 | €13,047 | €11,139 | ▼ 14.6% |
| Financial charges65/66B | €2,462 | €3,878 | €1,959 | €2,097 | €2,558 | ▲ 22.0% |
| Recurring financial charges65 | €2,462 | €3,878 | €1,959 | €2,097 | €2,558 | ▲ 22.0% |
| Profit (loss) for the period before taxes9903 | €130,075 | €131,366 | €95,108 | €143,261 | €144,096 | ▲ 0.6% |
| Income taxes67/77 | €23,984 | €24,798 | €14,366 | €24,340 | €29,658 | ▲ 21.8% |
| Profit (loss) for the period9904 | €106,091 | €106,568 | €80,742 | €118,921 | €114,438 | ▼ 3.8% |
| Profit (loss) for the period to be appropriated9905 | €106,091 | €106,568 | €80,742 | €118,921 | €114,438 | ▼ 3.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €876,214 | €541,701 | €594,388 | €651,525 | €671,044 | ▲ 3.0% |
| Fixed assets21/28 | €66,893 | €82,826 | €79,575 | €74,357 | €69,790 | ▼ 6.1% |
| Tangible fixed assets22/27 | €66,403 | €82,336 | €79,085 | €73,867 | €69,300 | ▼ 6.2% |
| Land and buildings22 | €59,025 | €57,260 | €55,495 | €53,730 | €51,964 | ▼ 3.3% |
| Plant, machinery and equipment23 | €548 | €274 | €686 | €1,758 | €3,767 | ▲ 114% |
| Furniture and vehicles24 | €6,830 | €24,802 | €20,929 | €18,379 | €13,569 | ▼ 26.2% |
| Other tangible fixed assets26 | - | - | €1,975 | - | - | - |
| Financial fixed assets28 | €490 | €490 | €490 | €490 | €490 | = |
| Current assets29/58 | €809,321 | €458,875 | €514,813 | €577,168 | €601,253 | ▲ 4.2% |
| Amounts receivable within one year40/41 | €781,073 | €453,792 | €514,812 | €573,243 | €601,252 | ▲ 4.9% |
| Trade receivables40 | €579,038 | €259,868 | €276,992 | €357,037 | €397,081 | ▲ 11.2% |
| Other amounts receivable41 | €202,035 | €193,924 | €237,820 | €216,206 | €204,171 | ▼ 5.6% |
| Cash at bank and in hand54/58 | €27,748 | €5,083 | €1 | €3,925 | €1 | ▼ 100.0% |
| Deferred charges and accrued income490/1 | €500 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €876,214 | €541,701 | €594,388 | €651,525 | €671,044 | ▲ 3.0% |
| Equity10/15 | €249,931 | €287,415 | €299,080 | €333,271 | €365,542 | ▲ 9.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | €18,600 | - | - | - | - | - |
| Other1109/19 | €18,600 | - | - | - | - | - |
| Reserves13 | €163,009 | €200,493 | €212,158 | €246,349 | €278,620 | ▲ 13.1% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €161,149 | €198,633 | €210,298 | €244,489 | €276,760 | ▲ 13.2% |
| Profit (loss) carried forward14 | €68,322 | €68,322 | €68,322 | €68,322 | €68,322 | = |
| Provisions and deferred taxes16 | €28,999 | €35,773 | €38,224 | €36,097 | €45,564 | ▲ 26.2% |
| Provisions for liabilities and charges160/5 | €28,999 | €35,773 | €38,224 | €36,097 | €45,564 | ▲ 26.2% |
| Other liabilities and charges164/5 | €28,999 | €35,773 | €38,224 | €36,097 | €45,564 | ▲ 26.2% |
| Amounts payable17/49 | €597,284 | €218,513 | €257,084 | €282,157 | €259,937 | ▼ 7.9% |
| Amounts payable after more than one year17 | €19,795 | €12,030 | €4,047 | - | - | - |
| Financial debts170/4 | €19,795 | €12,030 | €4,047 | - | - | - |
| Amounts payable within one year42/48 | €569,289 | €206,483 | €253,037 | €256,796 | €217,571 | ▼ 15.3% |
| Current portion of amounts payable after more than one year42 | €7,350 | €7,650 | €7,850 | €3,847 | - | - |
| Financial debts43 | - | - | €1,203 | - | €5,193 | - |
| Credit institutions430/8 | - | - | €1,203 | - | €5,193 | - |
| Trade debts44 | €465,430 | €81,412 | €143,994 | €129,690 | €72,418 | ▼ 44.2% |
| Suppliers440/4 | €465,430 | €81,412 | €143,994 | €129,690 | €72,418 | ▼ 44.2% |
| Taxes, remuneration and social security45 | €23,856 | €48,337 | €37,783 | €48,033 | €57,793 | ▲ 20.3% |
| Taxes450/3 | €23,856 | €48,337 | €37,783 | €48,033 | €57,793 | ▲ 20.3% |
| Other amounts payable47/48 | €72,653 | €69,084 | €62,207 | €75,226 | €82,167 | ▲ 9.2% |
| Accrued charges and deferred income492/3 | €8,200 | - | - | €25,361 | €42,366 | ▲ 67.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €106,091 | €106,568 | €80,742 | €118,921 | €114,438 | ▼ 3.8% |
| + Depreciation and write-downs630 | €4,382 | €7,837 | €10,856 | €10,885 | €10,419 | ▼ 4.3% |
| Operating cash flow (approximation) | €110,473 | €114,405 | €91,598 | €129,806 | €124,857 | ▼ 3.8% |
| Investment in fixed assets (approximation) | - | -€23,770 | -€7,605 | -€5,667 | -€5,852 | ▼ 3.3% |
| Change in cash | - | -€22,665 | -€5,082 | €3,924 | -€3,924 | ▼ 200% |
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
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
09-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 9 days late
2024
30-09
Financial
Highest result since 2018net €118,921 ▲47.3%
Net result €118,921, the highest in the series.
16-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 108 days late
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 50 days late
2022
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
27-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
30-09
Financial
Equity above €200,000Eq €216,494 ▲17.5%
3 profitable years in a row build equity to €216,494.
25-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 25 days late
2019
30-09
Financial
Equity above €150,000Eq €184,327 ▲23.2%
2 profitable years in a row build equity to €184,327.
24-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 24 days late
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
12-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 12 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Hemiksem · 1 establishment unit since 2007
Ground area
204 m²
Building footprint
125 m²
Volume, LiDAR
864 m³
Parcel 11018B0010/00W002, Flanders · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
MBP Services
since 20072.170.603.543
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11018B0010/00W002 | Flanders | 204 m² | 1 · 125 m² | 10.0 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 3,892 EUR awarded · 3,612 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,670 EUR | 2,670 EUR |
| 2023 | 1 | 1,222 EUR | 942 EUR |
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,335. 7,205 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
Founded12-12-2007
Fiscal year end30-09
Activities, NACEBEL 2025
43211General electrical installation work
42220Construction of utility projects for electricity and telecommunications
E-invoicing
Reachable via Peppol
Peppol ID
0208:0894129172
Also
9925:BE0894129172
Registered
26-05-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.