MBTEC
ActiveSummary
MBTEC has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €376,415 and a net result of €78,462. Equity is growing by ~26% per year across the filed fiscal years. Its solvency ranks better than 33% of 7833 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability63▲+9
Solvency54▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity tight (current ratio 1.24 against 1.42 in 2024; short-term debt: 12.9% and cash: 2.7% of total assets), and 71% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer 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
29%
Return on assets
6.1%
Age of the figures
9 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 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
5 d early
2023
2 d early
2022
15 d late
2021
14 d late
2020
9 d early
2019
20 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 4 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
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. Usually files around 30 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€376,415▲ 26.3%
2024 · €297,953
Total assets
€1.3m▲ 3.9%
2024 · €1.2m
Net result
€78,462▲ 23.8%
2024 · €63,353
Working capital
€40,646▼ 14.5%
2024 · €47,525
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support 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€31,138▼ 3.0%€8,345▼ 73.2%€133,153▲ 1,496%€116,404▼ 12.6%€136,822▲ 17.5%
Net result€21,611within the sector's middle half▼ 0.4%-€490within the sector's middle half€98,374above the sector's middle half€63,353above the sector's middle half▼ 35.6%€78,462above the sector's middle half▲ 23.8%
Equity€136,717within the sector's middle half▲ 18.8%€136,227within the sector's middle half▼ 0.4%€234,600above the sector's middle half▲ 72.2%€297,953above the sector's middle half▲ 27.0%€376,415above the sector's middle half▲ 26.3%
Total assets€165,856below the sector's middle half▲ 20.2%€385,710within the sector's middle half▲ 133%€1.3mabove the sector's middle half▲ 234%€1.2mabove the sector's middle half▼ 3.1%€1.3mabove the sector's middle half▲ 3.9%
Debt€29,139▲ 27.5%€249,483▲ 756%€1.1m▲ 322%€949,225▼ 9.8%€919,700▼ 3.1%
Working capital€48,913within the sector's middle half▲ 16.1%€7,473within the sector's middle half▼ 84.7%€131,388above the sector's middle half▲ 1,658%€47,525within the sector's middle half▼ 63.8%€40,646within the sector's middle half▼ 14.5%
Solvency82.4%above the sector's middle half▼ 1.0pp35.3%within the sector's middle half▼ 47.1pp18.2%within the sector's middle half▼ 17.1pp23.9%within the sector's middle half▲ 5.7pp29.0%within the sector's middle half▲ 5.2pp
Current ratio2.68within the sector's middle half▼ 0.171.09within the sector's middle half▼ 1.592.85within the sector's middle half▲ 1.761.42within the sector's middle half▼ 1.441.24within the sector's middle half▼ 0.17
Return on assets (ROA)13.0%above the sector's middle half▼ 2.7pp-0.1%below the sector's middle half▼ 13.2pp7.6%within the sector's middle half▲ 7.8pp5.1%within the sector's middle half▼ 2.6pp6.1%within the sector's middle half▲ 1.0pp
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 18% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets
€1.1m ▲ 0.2%
Current assets
€208,200 ▲ 28.6%
Equity and liabilities €1.3m
Equity
€376,415 ▲ 26.3%
Debt
€919,700 ▼ 3.1%
Debt's share of the balance-sheet total falls from 76.1% to 71.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€146,151▲
2024 · €125,253
Cash flow
€87,791▲
2024 · €72,202
Debt to equity
2.44▼
2024 · 3.19
ROE
20.8%▼
2024 · 21.3%
Interest coverage
4.38▲
2024 · 3.44
Debt ≤ 1 year
€167,554▲
2024 · €114,314
Debt > 1 year
€744,546▼
2024 · €832,511
Income taxes
€36,617▲
2024 · €27,894
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €23,247 | - | €850 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €865 | €30,364 | €7,540 | €8,849 | €9,329 | ▲ 5.4% |
| Other operating charges640/8 | €1,574 | €2,954 | €1,059 | €1,656 | €2,037 | ▲ 23.0% |
| Non-recurring operating charges66A | - | - | - | €3,188 | - | - |
| Gross operating margin9900 | €33,577 | €41,663 | €141,752 | €130,097 | €148,188 | ▲ 13.9% |
| Operating profit (loss)9901 | €31,138 | €8,345 | €133,153 | €116,404 | €136,822 | ▲ 17.5% |
| Financial income75/76B | €659 | €1,613 | €4,377 | €11,244 | €11,642 | ▲ 3.5% |
| Recurring financial income75 | €659 | €1,613 | €4,377 | €11,244 | €11,642 | ▲ 3.5% |
| Financial charges65/66B | €115 | €6,984 | €4,856 | €36,401 | €33,385 | ▼ 8.3% |
| Recurring financial charges65 | €115 | €6,984 | €4,856 | €36,401 | €33,385 | ▼ 8.3% |
| Profit (loss) for the period before taxes9903 | €31,682 | €2,974 | €132,674 | €91,247 | €115,079 | ▲ 26.1% |
| Income taxes67/77 | €10,071 | €3,464 | €34,300 | €27,894 | €36,617 | ▲ 31.3% |
| Profit (loss) for the period9904 | €21,611 | -€490 | €98,374 | €63,353 | €78,462 | ▲ 23.8% |
| Profit (loss) for the period to be appropriated9905 | €21,611 | -€490 | €98,374 | €63,353 | €78,462 | ▲ 23.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €165,856 | €385,710 | €1.3m | €1.2m | €1.3m | ▲ 3.9% |
| Fixed assets21/28 | €87,804 | €297,406 | €1.1m | €1.1m | €1.1m | ▲ 0.2% |
| Tangible fixed assets22/27 | €13,628 | €223,230 | €210,995 | €211,163 | €212,314 | ▲ 0.5% |
| Land and buildings22 | €10,175 | €203,653 | €203,974 | €204,953 | €198,198 | ▼ 3.3% |
| Plant, machinery and equipment23 | €2,423 | €1,848 | €1,272 | €2,676 | €6,943 | ▲ 159% |
| Furniture and vehicles24 | €1,030 | €17,729 | €5,749 | €3,534 | €7,173 | ▲ 103% |
| Financial fixed assets28 | €74,176 | €74,176 | €874,176 | €874,176 | €875,601 | ▲ 0.2% |
| Current assets29/58 | €78,052 | €88,304 | €202,313 | €161,839 | €208,200 | ▲ 28.6% |
| Stocks and contracts in progress3 | - | - | €5,560 | - | - | - |
| Contracts in progress37 | - | - | €5,560 | - | - | - |
| Amounts receivable within one year40/41 | €29,170 | €28,747 | €100,705 | €126,388 | €159,620 | ▲ 26.3% |
| Trade receivables40 | €11,616 | - | €45,707 | - | - | - |
| Other amounts receivable41 | €17,554 | €28,747 | €54,998 | €126,388 | €159,620 | ▲ 26.3% |
| Cash at bank and in hand54/58 | €45,485 | €55,259 | €90,985 | €24,855 | €34,832 | ▲ 40.1% |
| Deferred charges and accrued income490/1 | €3,397 | €4,298 | €5,063 | €10,596 | €13,748 | ▲ 29.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €165,856 | €385,710 | €1.3m | €1.2m | €1.3m | ▲ 3.9% |
| Equity10/15 | €136,717 | €136,227 | €234,600 | €297,953 | €376,415 | ▲ 26.3% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €130,517 | €130,517 | €228,400 | €291,753 | €370,215 | ▲ 26.9% |
| 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 | €128,657 | €128,657 | €226,540 | €289,893 | €368,355 | ▲ 27.1% |
| Profit (loss) carried forward14 | - | -€490 | - | - | - | - |
| Amounts payable17/49 | €29,139 | €249,483 | €1.1m | €949,225 | €919,700 | ▼ 3.1% |
| Amounts payable after more than one year17 | - | €166,852 | €978,659 | €832,511 | €744,546 | ▼ 10.6% |
| Financial debts170/4 | - | €166,852 | €978,659 | €832,511 | €744,546 | ▼ 10.6% |
| Amounts payable within one year42/48 | €29,139 | €80,831 | €70,925 | €114,314 | €167,554 | ▲ 46.6% |
| Current portion of amounts payable after more than one year42 | - | €10,520 | €12,821 | €79,595 | €85,283 | ▲ 7.1% |
| Trade debts44 | €19,390 | €58,542 | €9,305 | €5,020 | €30,290 | ▲ 503% |
| Suppliers440/4 | €19,390 | €58,542 | €9,305 | €5,020 | €30,290 | ▲ 503% |
| Taxes, remuneration and social security45 | €9,749 | €11,769 | €48,799 | €29,699 | €51,981 | ▲ 75.0% |
| Taxes450/3 | €9,749 | €11,769 | €48,799 | €29,699 | €47,779 | ▲ 60.9% |
| Remuneration and social security454/9 | - | - | - | - | €4,202 | - |
| Accrued charges and deferred income492/3 | - | €1,800 | €3,300 | €2,400 | €7,600 | ▲ 217% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,611 | -€490 | €98,374 | €63,353 | €78,462 | ▲ 23.8% |
| + Depreciation and write-downs630 | €865 | €30,364 | €7,540 | €8,849 | €9,329 | ▲ 5.4% |
| Operating cash flow (approximation) | €22,476 | €29,874 | €105,914 | €72,202 | €87,791 | ▲ 21.6% |
| Investment in fixed assets (approximation) | - | -€239,966 | -€795,305 | -€9,017 | -€11,905 | ▼ 32.0% |
| Change in cash | - | €9,774 | €35,726 | -€66,130 | €9,977 | ▲ 115% |
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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €98,374
Net result €98,374 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 2.85
Current ratio from 1.09 to 2.85; short-term debt falls from €80,831 to €70,925.
31-12
Financial
Equity above €200,000Eq €234,600 ▲72.2%
Equity rises from €136,227 to €234,600.
15-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 15 days late
2022
31-12
Financial
Weakest financial yearnet -€490
Net result drops to -€490, the lowest in the series; recovery starts the following year.
14-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 14 days late
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €100,000Eq €115,106 ▲23.2%
2 profitable years in a row build equity to €115,106.
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 20 days late
Show earlier events
2019
31-12
Financial
Back to profitnet €10,176
Net result €10,176 after one loss-making year.
09-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 9 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Oudsbergen · 1 establishment unit since 2013
Ground area
1.2 ha
Building footprint
5,622 m²
Volume, LiDAR
37,433 m³
Parcel 71562B0908/00S005, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
MBTEC
since 20132.218.337.837
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71562B0908/00S005 | Flanders | 1.2 ha | 1 · 5,622 m² | 9.5 m · 2 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 · 1 entry · 2,325 EUR awarded · 2,325 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,325 EUR | 2,325 EUR |
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Of 24,517 companies in sector 82990 we hold annual accounts for 9,421. 6,253 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
Founded02-04-2013
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
71121Engineering and related technical consultancy, excluding land surveyors
Contact
E-mail
geert@skinzglow.com
Phone
0032472663590
E-invoicing
Reachable via Peppol
Peppol ID
0208:0525689223
Also
9925:BE0525689223
Registered
03-07-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.