Active BE 0808.327.724Private limited company

MFMB

Grauwmeer 1/73 ·3001 Leuven, Belgium· 17 yrs active

Sector: Business and other management consultancy (70200)

Conclusion Checked

MFMB has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €37k and a net result of €9k. Equity is growing by ~15.7% per year across the filed fiscal years. Its solvency ranks better than 16% of 516 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€37k
Net result	€9k
Better than sector	16%
Active	17 yrs

Financial profile 5 of 5 axes measured · computed by Checked

66 / 100

Strong profile, led by profitability.

All 5 axes are computed from data Checked has read.

Health 58

Profitability 100

Solvency 20

Growth 52

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.1% Very low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2008, 17 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

58 / 100 Fair

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€2k

estimate, not credit advice

Score history

73 2023

48 2024

58 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 1.11 (≥ 1.0) +5

Quick ratio Quick ratio 1.11 (≥ 1.0) +5

Leverage Debt/equity 9.13 (> 3.0) -10

Profitability ROE 23% (≥ 10%) +10

Interest coverage Interest coverage -1.1× (< 1.5×) -10

Profit trend Net profit up YoY +5

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview17 NBB filings

Annual accounts filed on 31-08-2026 with the NBB · fiscal year 2025 · abbreviated schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining At this pace, gross margin would indicatively turn negative around fiscal year 2027, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 70, Activities of head offices; management consultancy activities · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	9.9%	46.0%	better than 16% of 516 sector peers
Net result	€9k	€55k	better than 24% of 516 sector peers
Equity	€37k	€216k	better than 18% of 516 sector peers
Gross operating margin	€2k	€98k	better than 11% of 516 sector peers
Employees (FTE)	0.0	0.0	better than 30% of 170 sector peers

EBITDA

€-2k

+76.6% 23-25

Net profit

€9k

+2561.4% 23-25

Cash flow

€9k

+1506.7% 23-25

Total assets

€377k

-70.4% 23-25

Equity

€37k

+30.3% 23-25

Working capital

€36k

-94.3% 23-25

Employees (FTE)

0

- 23-25

Debt

€340k

-72.7% 23-25

Debt ≤ 1y

€340k

-45.9% 23-25

Current ratio

1.11

-45.3% 23-25

Quick ratio

1.11

-45.3% 23-25

Solvency

9.9%

+339.9% 23-25

Debt / equity

9.13

-79.0% 23-25

ROE

23.3%

+1942.6% 23-25

ROA

2.3%

+8885.2% 23-25

Interest coverage

-1.13

+78.1% 23-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023
Deposit	abbreviated schema	abbreviated schema	abbreviated schema
Revenue	-	-	-
EBITDA	€-2k	€-9k	€5k
Net profit	€9k	€325	€10k
Cash flow	€9k	€538	€10k
Staff costs	-	-	-
Income taxes	-	-	-
Dividends	-	-	-
Total assets	€377k	€1.27M	€851k
Equity	€37k	€29k	€28k
Debt	€340k	€1.24M	€823k
of which ≤ 1y	€340k	€628k	€372k
of which > 1y	-	-	-
Working capital	€36k	€643k	€478k
Employees (FTE)	0.0	0.0	0.0

Ratios (computed)

	2025	2024	2023
Current ratio	1.11	2.02	2.29
Quick ratio	1.11	2.02	2.29
Working capital ratio	9.7%	50.6%	56.2%
Solvency	9.9%	2.2%	3.3%
Debt / equity	9.13	43.54	29.15
Long-term debt ratio	-	-	-
Interest coverage	-1.13	-5.16	6.61
Gross margin	-	-	-
Net margin	-	-	-
ROA	2.3%	0.0%	1.1%
ROE	23.3%	1.1%	33.8%
EBITDA margin	-	-	-
Days sales outstanding	-	-	-
Days payable outstanding	-	-	-
Inventory turnover	-	-	-
Days inventory (DSI)	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €750 · 0.2% Current assets €376k · 99.8%

Equity & liabilities

Equity €37k · 9.9% Debt €340k · 90.1%

Full annual accounts (21 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€377k	€1.27M	€851k
Fixed assets	21/28	€750	€750	€963
Tangible fixed assets	22/27	-	€0	€213
Financial fixed assets	28	€750	€750	€750
Current assets	29/58	€376k	€1.27M	€850k
Amounts receivable within one year	40/41	€320k	€333k	€838k
Cash & bank	54/58	€56k	€103k	€12k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€377k	€1.27M	€851k
Equity	10/15	€37k	€29k	€28k
Contributions / capital	10/11	€12k	€12k	€12k
Reserves	13	€25k	€16k	€16k
Amounts payable	17/49	€340k	€1.24M	€823k
Amounts payable within one year	42/48	€340k	€628k	€372k
Trade debts payable within one year	44	€135k	€189k	€278k
Income statement
Gross operating margin	9900	€2k	€-8k	€5k
Operating result	9901	€-2k	€-9k	€5k
Financial income	75	€12k	€11k	€6k
Financial charges	65	€2k	€2k	€771
Result before taxes	9903	€9k	€325	€10k
Net result for the period	9904	€9k	€325	€10k
Result to be appropriated	9905	€9k	€325	€10k

Legal Structure

NACE primary	Business and other management consultancy(70200)
Legal form	Private limited company(610)
Incorporation	10-12-2008
Status	Active
Postal code	3001

Establishment units 1 location

Luikersteenweg 60, 3500 Hasselt

Business consulting

since 20082.295.461.250

Real-estate footprint Source: CBE × cadastre

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
24514B0181/00Z000	Flanders	2,588 m²	-	-
71328D0237/00V000	Flanders	179 m²	1 · 109 m²	12.6 m · 3 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 12 events

All 13Financial 1Gazette 2Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-08

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema · 31 days late

2025

05-09

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 36 days late

17-06

State Gazette act Registered-office change

09-05

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 282 days late

2024

31-12

Financial Weakest financial yearnet €325 ▼96.6%

Net result drops to €325, the lowest in the series; recovery starts the following year.

05-06

State Gazette act Registered-office change

2023

12-12

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 134 days late

2022

24-10

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 85 days late

2021

03-09

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 34 days late

2020

18-12

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 140 days late

2019

22-08

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 22 days late

2018

07-11

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 99 days late

2017

09-10

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 70 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 8 acts read

We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 2 acts

Address history · 2

17-06-2025

Registered-office move

05-06-2024

Registered-office move

All acts · 2 updated 1 year ago

2025

17-06-2025 Registered office moved within Hasselt Registered-office change

3500 Hasselt, Luikersteenweg 60 → 3500 Hasselt, Luikersteenweg 60

Original publication ↗

Technical details

{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "siege_administratif",
      "new_address": {
        "raw": "3500 Hasselt, Luikersteenweg 60",
        "city": "Hasselt",
        "region": "vlaams_gewest",
        "street": "Luikersteenweg",
        "country": "BE",
        "postcode": "3500",
        "box_number": null,
        "street_number": "60",
        "locality_suffix": null
      },
      "old_address": {
        "raw": "3500 Hasselt, Luikersteenweg 60",
        "city": "Hasselt",
        "region": "vlaams_gewest",
        "street": null,
        "country": "BE",
        "postcode": "3500",
        "box_number": null,
        "street_number": null,
        "locality_suffix": null
      },
      "effective_date": "2025-04-09",
      "evidence_quote": "",
      "region_changed": false,
      "is_statute_change": true,
      "nationality_change": false,
      "old_address_source": "header_volledig_adres",
      "statute_clause_text": null,
      "statute_article_number": null,
      "effective_date_qualifier": "absolute",
      "statutaire_vs_werkelijke": "statutaire",
      "linguistic_region_changed": false,
      "court_jurisdiction_changed": false,
      "effective_date_is_approximate": false
    },
    {
      "kind": "zetel_transfer_cross_border_in",
      "seat_type": "siege_administratif",
      "new_address": {
        "raw": "Grauwmeer 1/73 bus 79, 3001 Leuven",
        "city": "Leuven",
        "region": "vlaams_gewest",
        "street": null,
        "country": "BE",
        "postcode": "3001",
        "box_number": "79",
        "street_number": null,
        "locality_suffix": null
      },
      "old_address": null,
      "effective_date": "2025-04-09",
      "evidence_quote": "",
      "region_changed": false,
      "is_statute_change": true,
      "nationality_change": true,
      "old_address_source": "inferred",
      "statute_clause_text": null,
      "statute_article_number": null,
      "effective_date_qualifier": "absolute",
      "statutaire_vs_werkelijke": "statutaire",
      "linguistic_region_changed": false,
      "court_jurisdiction_changed": false,
      "effective_date_is_approximate": false
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2025-06-17",
    "filing_date": "2025-06-06",
    "act_kind_objet": "Verplaatsing zetel - Volmacht"
  },
  "decision": {
    "body": "enige_bestuurder",
    "date": "2025-04-09",
    "unanimous": true
  },
  "subject_company": {
    "kbo": "0808.327.724",
    "name_full": "MFMB",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Serge Mesotten",
    "org_rep_person_name": null,
    "person_role_at_subject": "bestuurder"
  },
  "co_filed_documents": [
    "notulen van de enige bestuurder dd. 09.04.2025"
  ]
}

2024

05-06-2024 Registered office moved within Hasselt Registered-office change

Hendrik van Veldekesingel 150 bus 66, 3500 Hasselt → 3500 Hasselt, Luikersteenweg 60

Original publication ↗

Technical details

{
  "events": [
    {
      "kind": "zetel_clause_amendment_no_move",
      "seat_type": "siege_social",
      "new_address": {
        "raw": "3500 Hasselt, Luikersteenweg 60",
        "city": "Hasselt",
        "region": "vlaams_gewest",
        "street": "Luikersteenweg",
        "country": "BE",
        "postcode": "3500",
        "box_number": null,
        "street_number": "60",
        "locality_suffix": null
      },
      "old_address": {
        "raw": "Hendrik van Veldekesingel 150 bus 66, 3500 Hasselt",
        "city": "Hasselt",
        "region": "vlaams_gewest",
        "street": "Hendrik van Veldekesingel",
        "country": "BE",
        "postcode": "3500",
        "box_number": "66",
        "street_number": "150",
        "locality_suffix": null
      },
      "effective_date": null,
      "evidence_quote": "",
      "region_changed": false,
      "is_statute_change": false,
      "nationality_change": false,
      "old_address_source": "header_volledig_adres",
      "statute_clause_text": null,
      "statute_article_number": null,
      "effective_date_qualifier": "immediate",
      "statutaire_vs_werkelijke": "werkelijke",
      "linguistic_region_changed": false,
      "court_jurisdiction_changed": false,
      "effective_date_is_approximate": false
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Antwerpen",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2024-06-05",
    "filing_date": "2024-05-27",
    "act_kind_objet": "Zetelverplaatsing"
  },
  "decision": {
    "body": "enige_bestuurder",
    "date": "2024-05-21",
    "unanimous": true
  },
  "subject_company": {
    "kbo": "0808.327.724",
    "name_full": "MFMB",
    "legal_form": "BV",
    "_kbo_filled_from_list": true
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Louis Vermeulen",
    "org_rep_person_name": null,
    "person_role_at_subject": "Lasthebber"
  },
  "co_filed_documents": [
    "Bijlagen bij het Belgisch Staatsblad"
  ]
}

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Business and other management consultancy70200Business consulting70220

Names & trade names

Legal nameNL	MFMB
AbbreviationNL	MPMB

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