MBR Services
ActiveSummary
MBR Services is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show negative equity (€-6k) and a net result of €-46k. Equity is shrinking by ~63.5% per year across the filed fiscal years. Its solvency ranks better than 9% of 2444 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 2444 sector peers (2025).
NBB · sector comparisonPosition among 2444 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
7 d early
2024
28 d late
2023
19 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, micro schema
Equity
€-6k
2024 · €40k
Net result
€-46k
2024 · €16k
Total assets
€308k▲ 92.2%
2024 · €160k
Solvency
-2.0%▼ 26.9pp
2024 · 24.8%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€53k-€26k▼ 51.1%€-40k
Net result€19k-€16k▼ 15.0%€-46k
Equity€23k-€40k▲ 70.4%€-6k
Total assets€221k-€160k▼ 27.6%€308k▲ 92.2%
Debt€198k-€121k▼ 39.1%€314k▲ 161%
Working capital€3k-€48k▲ 1,521%€-37k
Solvency10.6%-24.8%▲ 14.3pp-2.0%▼ 26.9pp
Staff (FTE)11.8▲ 80.0%
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 €40k after €26k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €308k
Fixed assets
€301k ▲ 311%
Current assets
€7k ▼ 91.7%
Key figures and ratios
ROA
-15.0%▼
2024 · 10.3%
Debt ≤ 1 year
€44k▲
2024 · €39k
Debt > 1 year
€270k▲
2024 · €82k
Income taxes
€1k▼
2024 · €9k
Staff costs
€37k▲
2024 · €18k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | €2k | - | - |
| Remuneration, social security and pensions62 | - | €18k | €37k | ▲ 102% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19k | €38k | €12k | ▼ 69.5% |
| Other operating charges640/8 | €5k | €17k | €8k | ▼ 55.5% |
| Non-recurring operating charges66A | - | €15k | - | - |
| Gross operating margin9900 | €77k | €114k | €16k | ▼ 86.0% |
| Operating profit (loss)9901 | €53k | €26k | €-40k | ▼ 255% |
| Financial income75/76B | €36 | €10 | €10 | ▼ 2.2% |
| Recurring financial income75 | €36 | €10 | €10 | ▼ 2.2% |
| Financial charges65/66B | €28k | €459 | €5k | ▲ 968% |
| Recurring financial charges65 | €3k | €459 | €5k | ▲ 968% |
| Non-recurring financial charges66B | €25k | - | - | - |
| Profit (loss) for the period before taxes9903 | €25k | €25k | €-45k | ▼ 277% |
| Income taxes67/77 | €5k | €9k | €1k | ▼ 86.1% |
| Profit (loss) for the period9904 | €19k | €16k | €-46k | ▼ 380% |
| Profit (loss) for the period to be appropriated9905 | €19k | €16k | €-46k | ▼ 380% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €221k | €160k | €308k | ▲ 92.2% |
| Formation expenses20 | €787 | €354 | - | - |
| Fixed assets21/28 | €126k | €73k | €301k | ▲ 311% |
| Tangible fixed assets22/27 | €126k | €73k | €301k | ▲ 311% |
| Land and buildings22 | - | - | €278k | - |
| Furniture and vehicles24 | €126k | €73k | €22k | ▼ 69.5% |
| Current assets29/58 | €95k | €87k | €7k | ▼ 91.7% |
| Amounts receivable within one year40/41 | €93k | €51k | €7k | ▼ 85.9% |
| Trade receivables40 | €93k | €45k | €6k | ▼ 87.7% |
| Other amounts receivable41 | - | €6k | €2k | ▼ 72.2% |
| Cash at bank and in hand54/58 | €2k | €35k | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €221k | €160k | €308k | ▲ 92.2% |
| Equity10/15 | €23k | €40k | €-6k | ▼ 116% |
| Contributions10/11 | €4k | €4k | €4k | = |
| Profit (loss) carried forward14 | €19k | €36k | €-10k | ▼ 129% |
| Amounts payable17/49 | €198k | €121k | €314k | ▲ 161% |
| Amounts payable after more than one year17 | €106k | €82k | €270k | ▲ 230% |
| Financial debts170/4 | €106k | €82k | €270k | ▲ 230% |
| Amounts payable within one year42/48 | €92k | €39k | €44k | ▲ 14.3% |
| Current portion of amounts payable after more than one year42 | €11k | €19k | €21k | ▲ 8.0% |
| Financial debts43 | - | - | €1k | - |
| Credit institutions430/8 | - | - | €1k | - |
| Trade debts44 | €72k | €5k | €7k | ▲ 55.5% |
| Suppliers440/4 | €72k | €5k | €7k | ▲ 55.5% |
| Taxes, remuneration and social security45 | €5k | €15k | €15k | ▲ 1.0% |
| Taxes450/3 | €5k | €15k | €11k | ▼ 28.4% |
| Remuneration and social security454/9 | - | - | €4k | - |
| Other amounts payable47/48 | €3k | - | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €19k | €16k | €-46k | ▼ 380% |
| + Depreciation and write-downs630 | €19k | €38k | €12k | ▼ 69.5% |
| Operating cash flow (approximation) | €39k | €54k | €-35k | ▼ 163% |
| Investment in fixed assets (approximation) | - | €14k | €-239k | ▼ 1,765% |
| Change in cash | - | €33k | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-46k
Net result drops to €-46k, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 2.24
Current ratio from 1.03 to 2.24; short-term debt falls from €92k to €39k.
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 19 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Fernelmont · 1 establishment unit since 2022
Ground area
4,531 m²
Building footprint
120 m²
Parcel 92063B0082/00E000, Wallonia. Linked by address, not a title deed.
1 establishment unit
MBR Services
since 20222.337.456.213
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92063B0082/00E000 | Wallonia | 4,531 m² | 1 · 120 m² | - |
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
AT ASSURANCES
BE 0688.799.473
Anderlecht · Eq €39,796
ASEKURO I
BE 0792.714.484
Antwerpen · Eq €39,809
Global Insurance
BE 0746.881.984
Tubize · Eq €39,830
MICHEL MESTRE
BE 0432.918.819
Andenne · Eq €39,652
DE PAEPE
BE 0432.291.089
Zottegem · Eq €39,569
Of 4,673 companies in sector 66220 we hold annual accounts for 3,219. 2,114 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
Founded26-10-2022
Fiscal year end31-12
Activities, NACEBEL 2025
66220Insurance agents and brokers
Scores and ratios are computed by Checked and are not a credit decision.