MOBEX
ActiveSummary
MOBEX has been active since 1998 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€107,869) and a net result of -€4,638. Equity has been growing by about 7.1% per year since 2018. Its solvency ranks better than 5% of 13,741 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 02-12-1998 Normal situation
- Activity
- Agents specialised in the wholesale of other particular products NACE 46180and 1 other
- Establishment unit
- 2.089.779.183 1020 Brussel, since 28-12-1998
- Financial year end
- 31 December
- Peppol
- Reachable since 18-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.9%
- Gross margin
- -€1,268
- Loss
- €4,638
- Equity
- -€107,869
- ▼ 4.5%
- Total assets
- €13,198
- ▼ 46.3%
- Negative equity on 31-12-2025
Score breakdownraises riskCapped at 59: negative equityLoss of €4,638 (financial year 2025)Negative equity -€107,869lowers riskSize: total assets €13,198Founded in 1998Show the evidence
Checked score
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 46, micro). It does better than 6% of them on solvency, 5% on liquidity, 6% on profitability and 32% on growth.
The bankruptcy probability was computed on 01-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 48 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 10-06-2026 PDF all 27 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a loss of €1,667, after a profit of €22,276 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €710 | €348 | €464 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | -€25,092 | -€24,939 | -€24,412 | -€16,160 | €66,667 | €20,902 | €22,663 | -€1,268 | - |
| Operating profit (loss)9901 | -€25,439 | -€25,302 | -€24,412 | -€16,871 | €66,319 | €20,438 | €22,276 | -€1,667 | - |
| Financial income75/76B | - | - | - | €235 | €639 | €638 | - | - | - |
| Recurring financial income75 | €2 | €1 | €36 | €235 | €639 | €638 | - | - | - |
| Financial charges65/66B | - | - | - | €121 | €3,278 | €817 | €153 | €2,970 | ▲ 19× |
| Recurring financial charges65 | €602 | €261 | €672 | €121 | €3,278 | €817 | €153 | €2,970 | ▲ 19× |
| Profit (loss) for the period before taxes9903 | -€26,040 | -€25,562 | -€25,049 | -€16,757 | €63,679 | €20,258 | €22,122 | -€4,638 | - |
| Profit (loss) for the period9904 | -€26,040 | -€25,562 | -€25,049 | -€16,757 | €63,679 | €20,258 | €22,122 | -€4,638 | - |
| Profit (loss) for the period to be appropriated9905 | -€26,040 | -€25,562 | -€25,049 | -€16,757 | €63,679 | €20,258 | €22,122 | -€4,638 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2,438 | €1,630 | €581 | €936 | €18,203 | €883 | €24,586 | €13,198 | ▼ 46.3% |
| Fixed assets21/28 | €189 | €189 | €189 | - | - | - | - | - | - |
| Financial fixed assets28 | €189 | €189 | €189 | - | - | - | - | - | - |
| Current assets29/58 | €2,249 | €1,441 | €392 | €936 | €18,203 | €883 | €24,586 | €13,198 | ▼ 46.3% |
| Amounts receivable within one year40/41 | €2,024 | €1,176 | €279 | €729 | €331 | €503 | €24,300 | €12,976 | ▼ 46.6% |
| Trade receivables40 | - | - | - | - | - | - | €24,055 | €12,785 | ▼ 46.9% |
| Other amounts receivable41 | - | - | - | €729 | €331 | €503 | €246 | €191 | ▼ 22.3% |
| Cash at bank and in hand54/58 | €225 | €264 | €114 | €207 | €17,871 | €380 | €285 | €222 | ▼ 22.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2,438 | €1,630 | €581 | €936 | €18,203 | €883 | €24,586 | €13,198 | ▼ 46.3% |
| Equity10/15 | -€141,924 | -€167,486 | -€192,534 | -€209,292 | -€145,612 | -€125,354 | -€103,232 | -€107,869 | ▼ 4.5% |
| Contributions10/11 | €24,800 | €24,800 | - | €24,800 | €24,800 | €24,800 | €24,800 | €24,800 | = |
| Reserves13 | €2,480 | €2,480 | €2,480 | €2,480 | €2,480 | €2,480 | €2,480 | €2,480 | = |
| Non-distributable reserves130/1 | - | - | - | €2,480 | €2,480 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €2,480 | €2,480 | - | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €2,480 | €2,480 | €2,480 | = |
| Profit (loss) carried forward14 | -€169,204 | -€194,766 | -€219,814 | -€236,572 | -€172,892 | -€152,634 | -€130,512 | -€135,149 | ▼ 3.6% |
| Amounts payable17/49 | €144,362 | €169,116 | €193,116 | €210,227 | €163,815 | €126,237 | €127,817 | €121,067 | ▼ 5.3% |
| Amounts payable within one year42/48 | €144,341 | €169,095 | €193,095 | €210,227 | €163,815 | €126,237 | €127,817 | €121,067 | ▼ 5.3% |
| Trade debts44 | €243 | €685 | €630 | - | €367 | €19 | - | €400 | - |
| Suppliers440/4 | - | - | - | - | €367 | €19 | - | €400 | - |
| Other amounts payable47/48 | - | - | - | €210,227 | €163,447 | €126,217 | €127,817 | €120,667 | ▼ 5.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€26,040 | -€25,562 | -€25,049 | -€16,757 | €63,679 | €20,258 | €22,122 | -€4,638 | - |
| Operating cash flow (approximation) | -€26,040 | -€25,562 | -€25,049 | -€16,757 | €63,679 | €20,258 | €22,122 | -€4,638 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - | - | - | - |
| Change in cash | - | €39 | -€151 | €93 | €17,664 | -€17,491 | -€95 | -€63 | ▲ 33.0% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,619 companies had the same profile as MOBEX has now. Two years later, 4.5% had gone bankrupt and 84.5% were still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
Another 1.0% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MOBEX itself is lower: 0.9% within 12 months. It rests on far more data about MOBEX than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,619 companies, not a prediction for MOBEX. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 27 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 10-06-2026 | 2026-00149823 | |
| 31-12-2024 | micro format | 28-07-2025 | 2025-00323541 | |
| 31-12-2023 | micro format | 26-07-2024 | 2024-00293181 | |
| 31-12-2022 | micro format | 03-07-2024 | 2024-00200322 | |
| 31-12-2021 | micro format | 09-08-2022 | 2022-20286761 | |
| 31-12-2020 | micro format | 17-08-2021 | 2021-49700126 | |
| 31-12-2019 | micro format | 03-09-2020 | 2020-51400531 | |
| 31-12-2018 | micro format | 23-08-2019 | 2019-49100246 | |
| 31-12-2017 | micro format | 18-07-2018 | 2018-35400550 | |
| 31-12-2016 | micro format | 03-07-2017 | 2017-24700410 |
Board & ownership
Directors
Owners and capital
Shareholders
1 ownerOwners 1
- MOHAMMED BELHAJnatural personSourceown accounts 2017100%
Capital transactions
- 05-12-2023 Converted to unavailable equity
Articles of association
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Moitié au moins des actionnaires possédant trois quarts au moins des actions déduction faite actions proposées, six mois du refus”
Articles of association, deed of 05-12-2023 (in French)
Network & group
Connections & network
1 current directorThe network starts from the directors of MOBEX. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
05-12
Gazette deed
Reappointment: BELHAJ Mohammed (director)Capital conversion · Amendment of the articles · Capital9 points ▸
- General meeting, 22-11-2023
- Other provision, “adaptation statuts CSA maintien forme, adapter statuts” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Other provision, “formes et majorités modification des statuts, suppression compte indisponible” (deed in French)
- Amendment of the articles
- Capital
- Other provision, “TITRE III : TITRES, intitulé titre” (deed in French)
- Director reappointment, BELHAJ Mohammed (director)
- Power of attorney, Paul MASELIS
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
3 activities
- Toutes opérations de négoce ou de courtage relatives aux céréales et matières premières,à l'alimentation pour bétail,au cacao,au café,au more,aux denrées coloniales en général,au poisson,à la viande,aux engrais,au lait et dérivés du lait,au beurre et aux oeufs,à la farine,la levure et autres matières premières pour boulangerie ou pâtisserie,aux tourteaux d'arachide,au soja,au coton,aux huiles,aux graines,au manioc,aux pois,aux légumes secs,aux conserves et autres produits culinaires.
- Elle s'occupera également du transport,de l'achat et de la vente de produits métallurgiques,machines,métaux et vitres.
- Elle pourra de même faire l'importation ou l'exportation desdits produits.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21819C0174/00B003 | Brussels | 740 m² | 1 · 144 m² | 8.4 m · 2 |