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MBtech

Active
Private limited companyfounded 2025active for 1 yearBeulk 95, 2275 Lille, BelgiumKBO/BCE: BE 1027.416.971
Summary

MBtech has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10,198 and a net result of €8,031. Its solvency ranks better than 39% of 34,747 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

Overview

Activity
Installation of electric heating, air conditioning, cooling and ventilation
NACE 43222
1 site
Size
≈ €130,000turnover 2025, estimated
Equity
€10,198
Profit
€8,031
Turnover estimated from the gross margin
Financial health
84 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.5%
Structure
2025 accounts 57 days early
Why 84raises riskFounded in 2025Size: total assets €27,563Sector: Specialised construction activities (NACE 43)lowers riskLiquidity: current ratio 1.52, cash €20,828Show the evidence

Checked score

Score 2025
84 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 66% of its sector peers (NACE 43, micro)
Financial strength
Strong
Solvency 62
equity 37.0% of total assets
Liquidity 67
short-term debt 63.0% · cash 75.6%
Profitability 100
return on assets 29.1%
Bankruptcy probability, 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,658 companies, NACE 43, micro)
Credit of up to €500 on 30-day terms is acceptable
Liquidity ample (current ratio 1.52, above the usual 1.5; short-term debt: 63% and cash: 75.6% of total assets), but 63% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 39% on solvency, 65% on liquidity and 92% on profitability.

The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 1.52, cash €20,828
NBB · annual accounts
raises risk · Founded in 2025
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · Size: total assets €27,563
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
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 04-06-2026, 57 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
57 days early
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2025.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. IncorporationAppointment: BOECKX Mathias (director) ·…

Financials · financial year 2025, micro format

Turnover
≈ €130,000
Estimated: probably between €76,000 and €190,000
Total assets
€27,563
Net result
€8,031
Working capital
€9,033

Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €27,563
Fixed assets €1,166
Current assets €26,397
Equity and liabilities €27,563
Equity €10,198
Debt €17,364
Debt finances 63.0% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€10,209
Cash flow
€8,129
Current ratio
1.52
Quick ratio
1.46
Debt to equity
1.70
ROE
78.8%
ROA
29.1%
Interest coverage
over 100
Debt ≤ 1 year
€17,364
Income taxes
€2,025

Peer companies

Historical observation

Of the 11,279 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 96.6% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
96.6% still going

For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,445 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% 0.9%
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 74.5% 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 11,279 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 · 39 lines
Balance sheet Code2025
Assets
Total assets20/58€27,563
Fixed assets21/28€1,166
Tangible fixed assets22/27€1,166
Plant, machinery and equipment23€1,166
Current assets29/58€26,397
Stocks and contracts in progress3€1,022
Stocks30/36€1,022
Amounts receivable within one year40/41€4,133
Trade receivables40€2,886
Other amounts receivable41€1,247
Cash at bank and in hand54/58€20,828
Deferred charges and accrued income490/1€413
Equity and liabilities
Total equity and liabilities10/49€27,563
Equity10/15€10,198
Contributions10/11€3,000
Profit (loss) carried forward14€7,198
Amounts payable17/49€17,364
Amounts payable within one year42/48€17,364
Trade debts44€9,843
Suppliers440/4€9,843
Taxes, remuneration and social security45€4,525
Taxes450/3€2,025
Remuneration and social security454/9€2,500
Other amounts payable47/48€2,996
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€98
Other operating charges640/8€189
Gross operating margin9900€10,399
Operating profit (loss)9901€10,111
Financial income75/76B€43
Recurring financial income75€43
Financial charges65/66B€98
Recurring financial charges65€98
Profit (loss) for the period before taxes9903€10,056
Income taxes67/77€2,025
Profit (loss) for the period9904€8,031
Profit (loss) for the period to be appropriated9905€8,031
Appropriation of the result
Profit (loss) to be appropriated9906€8,031
Profit to be distributed694/7€833
Return on contributions (dividend)694€833

The notes to these accounts (5 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€98
Other operating charges640/8€189
Gross operating margin9900€10,399
Operating profit (loss)9901€10,111
Financial income75/76B€43
Recurring financial income75€43
Financial charges65/66B€98
Recurring financial charges65€98
Profit (loss) for the period before taxes9903€10,056
Income taxes67/77€2,025
Profit (loss) for the period9904€8,031
Profit (loss) for the period to be appropriated9905€8,031
Line2025
Assets
Total assets20/58€27,563
Fixed assets21/28€1,166
Tangible fixed assets22/27€1,166
Plant, machinery and equipment23€1,166
Current assets29/58€26,397
Stocks and contracts in progress3€1,022
Stocks30/36€1,022
Amounts receivable within one year40/41€4,133
Trade receivables40€2,886
Other amounts receivable41€1,247
Cash at bank and in hand54/58€20,828
Deferred charges and accrued income490/1€413
Equity and liabilities
Total equity and liabilities10/49€27,563
Equity10/15€10,198
Contributions10/11€3,000
Profit (loss) carried forward14€7,198
Amounts payable17/49€17,364
Amounts payable within one year42/48€17,364
Trade debts44€9,843
Suppliers440/4€9,843
Taxes, remuneration and social security45€4,525
Taxes450/3€2,025
Remuneration and social security454/9€2,500
Other amounts payable47/48€2,996
Line2025
Profit (loss) for the period9904€8,031
+ Depreciation and write-downs630€98
Operating cash flow (approximation)€8,129

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

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 04-06-2026 2026-00136935

Similar companies · same sector, comparable size

Of the 9,483 active companies whose main activity is installation of electric heating, air conditioning, cooling and ventilation (NACE 43222), figures are known for 5,759. 2,661 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
1 director, no change since 2025
BOECKX Mathias
Director (not named in the articles) · since 08-09-2025
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →

Mandate history

1 person since 2025, 1 in office
Show
  • Board
Mandates per person, with start and end dates
Name Functions and periods
BOECKX Mathias
  • Director (not named in the articles), from 08-09-2025 to date
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Shareholders according to the deeds
At incorporation act of 11-09-2025 ↗

The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 11-09-2025 Incorporation · €3,000 · 3,000 shares

Group and network

Connections & network

1 current director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

On 9 September 2025, MBtech was incorporated as a private limited company by one natural person, with a starting capital of €3,000.12 BOECKX Mathias has served as director of the company since 2025.2 The company has filed annual accounts once, for financial year 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 11-09-2025
  3. 3National Bank, annual accounts 2025

Acts, filings and financial milestones

2026
04-06
NBB filing Annual accounts filed
financial year 2025 · micro format
2025
11-09
Gazette deed Incorporation
Appointment: BOECKX Mathias (director) · Founder · Founding capital4 facts ▸
  • Incorporation, 08-09-2025
  • Founder, BOECKX Mathias
  • Director appointment, BOECKX Mathias (director (not named in the articles))
  • Founding capital, €3,000
Gazette deedNBB filing
1 of 1 deed read

Register details

Identification
Legal formPrivate limited company
Founded09-09-2025
Financial year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43211General electrical installation work
43223Specialised construction activities
43230Insulation installation
E-invoicing
Reachable via Peppol
Peppol ID 0208:1027416971
Also 9925:BE1027416971
Registered 03-02-2026

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

Register as of 28 October 2026 · Peppol Directory

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

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 1027.416.971

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Lille · 1 establishment unit since 2025
registered office establishment The establishment unit on the map
Ground area
835 m²
Building footprint
151 m²
Building volume
708 m³
Parcel 13047D0126/00W000, Flanders · tallest building 7.4 m. Linked by address, not a title deed.
1 establishment unit
MBtech
Beulk 95, 2275 LilleInstallation of electric heating, air conditioning, cooling and ventilation
since 2025unit no. 2.378.392.191
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
13047D0126/00W000 Flanders 835 m² 1 · 151 m² 7.3 m · 2
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“Fabricage, meer bepaald de plaatsing van koelinrichtingen; Fabricage, meer bepaald de plaatsing van machines en toestellen voor…” (deed in Dutch)
16 activities (deed in Dutch)
  1. Fabricage, meer bepaald de plaatsing van koelinrichtingen
  2. Fabricage, meer bepaald de plaatsing van machines en toestellen voor koeltechniek
  3. Het plaatsen van verlichting, drijfkracht en telefoon
  4. Het plaatsen van ventilatie, verwarming van warme lucht, van luchtregeling en van industriële pijpleidingen
  5. Installatie, reparatie en onderhoud in gebouwen en andere bouwwerken van loodgieterswerk, sanitaire apparatuur, gasleidingen met aansluitingen, verwarmingssystemen op elektriciteit, gas of stookolieapparatuur, alsook verwarmingsketels, zonnepanelen, warmtepompen, airco-installaties en ventilatie en klimaatregeling
  6. Klus -en onderhoudsbedrijf
  7. Algemene elektriciteitswerken
  8. Schrijnwerk
  9. Isolatiewerkzaamheden
  10. De aan -en verkoop, huur en verhuur van onroerende goederen, zowel toebehorend aan de vennootschap zelf als toebehorend aan derden
  11. Het aanleggen, uitbouwen en de uitbating en het beheer van een onderneming van onroerende goederen en onroerende zakelijke rechten en meer bepaald het verwerven, vervreemden, beheren, uitbaten, valoriseren, ruilen, verkavelen, huren, verhuren, prospecteren, het doen bouwen of verbouwen, promotie van en makelen in onroerende goederen, evenals het verrichten van alle onroerende transacties en verrichtingen, dit alles in de meest uitgebreide zin
  12. Diverse dienstverlening en advies hoofdzakelijk aan bedrijven
  13. De vennootschap mag alle activiteiten uitoefenen die betrekking hebben op het beheer en de uitbating van onroerende goederen die ze zou verwerven. Zij mag zelfs deze activiteiten uitoefenen met betrekking tot onroerende goederen die aan derden toebehoren. Zij mag eveneens belangen hebben bij wijze van inbreng, inschrijving of anderszins in alle ondernemingen, verenigingen of vennootschappen die een gelijkaardig, analoog of aanverwant voorwerp nastreven of wier voorwerp van aard is dat van de vennootschap te bevorderen
  14. De vennootschap kan functies van bestuurder of vereffenaar van andere vennootschappen uitoefenen. Zij kan managementactiviteiten uitoefenen in ruime zin, waaronder het tussenkomen in het dagelijks bestuur en het vertegenwoordigen van bedrijven
  15. De vennootschap mag alle commerciële, industriële, financiële, roerende en onroerende verrichtingen doen die rechtstreeks of onrechtstreeks in verband staan met haar voorwerp
  16. Zij mag tevens om het even welke gelijkaardige handelingen stellen die van aard zouden zijn de verwezenlijking van haar voorwerp te vergemakkelijken of uit te breiden

The full purpose is in the deed

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
MBtech
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“2275 Lille (Wechelderzande), Beulk 95” (deed in Dutch)

deed of 11-09-2025

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
Each director alone
Board ruleHow the board is made up, meets and takes decisions.
“1, natuurlijke personen of rechtspersonen, al dan niet aandeelhouder” (deed in Dutch)

deed of 11-09-2025

Capital, shares and profit

Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
“Algemene vergadering, bestuursorgaan” (deed in Dutch)

deed of 11-09-2025

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
Third Friday of June at 18:00
Meeting accessWho may attend the meeting and what is needed to be admitted.
“Indien enkel de stemrechten geschorst zijn, mag hij nog steeds deelnemen aan de algemene vergadering zonder te kunnen deelnemen aan de…” (deed in Dutch)

deed of 11-09-2025