MQB
ActiveSummary
MQB has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €57,855 and a net result of €14,743. Equity is growing by ~26.7% per year across the filed fiscal years. Its solvency ranks better than 47% of 1556 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+14
Solvency53▲+9
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity short (current ratio 0.99 against 0.71 in 2024; short-term debt: 69.3% and cash: 41.3% of total assets), and 71.6% 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+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% more 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
28.4%
Return on assets
7.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-09-2026, 34 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
34 d late
2024
29 d late
2023
61 d late
2022
62 d late
2021
26 d late
2020
31 d late
2019
92 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 48 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 3 September (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#8 oldest company in Sambreville, Administrative and support services sector#9 company by total assets in Sambreville, Administrative and support services sector
Equity
€57,855▲ 34.2%
2024 · €43,112
Total assets
€203,535▼ 11.6%
2024 · €230,270
Net result
€14,743
2024 · -€9,210
Working capital
-€1,557▲ 96.6%
2024 · -€45,649
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 77, Rental and leasing activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€17,442€51,234▲ 194%-€731-€5,484▼ 650%€21,645
Net result€16,659within the sector's middle half€35,613above the sector's middle half▲ 114%-€2,220within the sector's middle half-€9,210below the sector's middle half▼ 315%€14,743within the sector's middle half
Equity€18,929within the sector's middle half▲ 734%€54,542within the sector's middle half▲ 188%€52,322within the sector's middle half▼ 4.1%€43,112within the sector's middle half▼ 17.6%€57,855within the sector's middle half▲ 34.2%
Total assets€102,477within the sector's middle half▲ 141%€291,736within the sector's middle half▲ 185%€307,144within the sector's middle half▲ 5.3%€230,270within the sector's middle half▼ 25.0%€203,535within the sector's middle half▼ 11.6%
Debt€83,547▲ 107%€237,193▲ 184%€254,822▲ 7.4%€187,158▼ 26.6%€145,679▼ 22.2%
Working capital-€32,207within the sector's middle half▼ 22.6%€66,807above the sector's middle half-€68,235below the sector's middle half-€45,649below the sector's middle half▲ 33.1%-€1,557within the sector's middle half▲ 96.6%
Solvency18.5%within the sector's middle half▲ 13.1pp18.7%within the sector's middle half▲ 0.2pp17.0%within the sector's middle half▼ 1.7pp18.7%within the sector's middle half▲ 1.7pp28.4%within the sector's middle half▲ 9.7pp
Current ratio0.61within the sector's middle half▲ 0.271.45within the sector's middle half▲ 0.830.65within the sector's middle half▼ 0.800.71within the sector's middle half▲ 0.050.99within the sector's middle half▲ 0.28
Return on assets (ROA)16.3%above the sector's middle half▲ 26.6pp12.2%within the sector's middle half▼ 4.0pp-0.7%within the sector's middle half▼ 12.9pp-4.0%within the sector's middle half▼ 3.3pp7.2%within the sector's middle half▲ 11.2pp
above
within
below
the middle half (P25 to P75) of NACE 77, Rental and leasing activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €21,645 after a loss of €5,484 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €203,535
Fixed assets
€64,074 ▼ 47.1%
Current assets
€139,460 ▲ 27.7%
Equity and liabilities €203,535
Equity
€57,855 ▲ 34.2%
Debt
€145,679 ▼ 22.2%
Debt's share of the balance-sheet total falls from 81.3% to 71.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€78,612▲
2024 · €53,341
Cash flow
€71,711▲
2024 · €49,615
Debt to equity
2.52▼
2024 · 4.34
ROE
25.5%▲
2024 · -21.4%
Interest coverage
53.79▲
2024 · 24.16
Debt ≤ 1 year
€141,018▼
2024 · €154,877
Debt > 1 year
€4,662▼
2024 · €32,281
Income taxes
€5,440▲
2024 · €1,521
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,713 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% 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 6,713 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1,164 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,251 | €20,001 | €52,948 | €58,826 | €56,967 | ▼ 3.2% |
| Other operating charges640/8 | €675 | €240 | €3,573 | €1,180 | €1,004 | ▼ 15.0% |
| Gross operating margin9900 | €31,368 | €71,475 | €55,790 | €54,521 | €79,615 | ▲ 46.0% |
| Operating profit (loss)9901 | €17,442 | €51,234 | -€731 | -€5,484 | €21,645 | ▲ 495% |
| Financial income75/76B | - | - | €70 | €3 | €0 | ▼ 97.6% |
| Recurring financial income75 | - | - | €0 | €3 | €0 | ▼ 97.6% |
| Non-recurring financial income76B | - | - | €70 | - | - | - |
| Financial charges65/66B | €252 | €2,808 | €2,386 | €2,208 | €1,462 | ▼ 33.8% |
| Recurring financial charges65 | €252 | €2,808 | €2,386 | €2,208 | €1,462 | ▼ 33.8% |
| Profit (loss) for the period before taxes9903 | €17,190 | €48,426 | -€3,048 | -€7,689 | €20,183 | ▲ 362% |
| Income taxes67/77 | €531 | €12,813 | -€827 | €1,521 | €5,440 | ▲ 258% |
| Profit (loss) for the period9904 | €16,659 | €35,613 | -€2,220 | -€9,210 | €14,743 | ▲ 260% |
| Profit (loss) for the period to be appropriated9905 | €16,659 | €35,613 | -€2,220 | -€9,210 | €14,743 | ▲ 260% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €102,477 | €291,736 | €307,144 | €230,270 | €203,535 | ▼ 11.6% |
| Fixed assets21/28 | €51,136 | €75,835 | €179,867 | €121,042 | €64,074 | ▼ 47.1% |
| Tangible fixed assets22/27 | €51,136 | €75,835 | €179,867 | €121,042 | €64,074 | ▼ 47.1% |
| Plant, machinery and equipment23 | €437 | €38,134 | €28,975 | €20,035 | €11,095 | ▼ 44.6% |
| Furniture and vehicles24 | €50,699 | €37,701 | €150,892 | €101,006 | €52,979 | ▼ 47.5% |
| Current assets29/58 | €51,341 | €215,901 | €127,277 | €109,228 | €139,460 | ▲ 27.7% |
| Stocks and contracts in progress3 | - | - | €5,874 | - | - | - |
| Stocks30/36 | - | - | €5,874 | - | - | - |
| Amounts receivable within one year40/41 | €46,044 | €51,143 | €56,343 | €63,688 | €54,847 | ▼ 13.9% |
| Trade receivables40 | €43,679 | €51,143 | €19,233 | €22,996 | €12,664 | ▼ 44.9% |
| Other amounts receivable41 | €2,365 | - | €37,110 | €40,692 | €42,183 | ▲ 3.7% |
| Cash at bank and in hand54/58 | €5,297 | €164,758 | €64,997 | €44,980 | €84,045 | ▲ 86.8% |
| Deferred charges and accrued income490/1 | - | - | €62 | €560 | €569 | ▲ 1.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €102,477 | €291,736 | €307,144 | €230,270 | €203,535 | ▼ 11.6% |
| Equity10/15 | €18,929 | €54,542 | €52,322 | €43,112 | €57,855 | ▲ 34.2% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €12,729 | €48,342 | €46,122 | €36,912 | €51,655 | ▲ 39.9% |
| Non-distributable reserves130/1 | €462 | €462 | €462 | €462 | €462 | = |
| Reserves not available under the articles1311 | €462 | €462 | €462 | €462 | €462 | = |
| Distributable reserves133 | €12,267 | €47,880 | €45,660 | €36,450 | €51,193 | ▲ 40.4% |
| Amounts payable17/49 | €83,547 | €237,193 | €254,822 | €187,158 | €145,679 | ▼ 22.2% |
| Amounts payable after more than one year17 | - | €85,762 | €59,310 | €32,281 | €4,662 | ▼ 85.6% |
| Financial debts170/4 | - | €85,762 | €59,310 | €32,281 | €4,662 | ▼ 85.6% |
| Amounts payable within one year42/48 | €83,547 | €149,094 | €195,512 | €154,877 | €141,018 | ▼ 8.9% |
| Current portion of amounts payable after more than one year42 | - | €25,888 | €28,631 | €29,256 | €29,894 | ▲ 2.2% |
| Trade debts44 | €11,879 | €3,954 | €51,891 | €19,610 | €5,756 | ▼ 70.6% |
| Suppliers440/4 | €11,879 | €3,954 | €51,891 | €19,610 | €5,756 | ▼ 70.6% |
| Taxes, remuneration and social security45 | €531 | €21,940 | €25,409 | €13,878 | €13,295 | ▼ 4.2% |
| Taxes450/3 | €531 | €21,940 | €25,409 | €13,878 | €13,295 | ▼ 4.2% |
| Other amounts payable47/48 | €71,137 | €97,312 | €89,581 | €92,133 | €92,073 | ▼ 0.1% |
| Accrued charges and deferred income492/3 | - | €2,337 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,659 | €35,613 | -€2,220 | -€9,210 | €14,743 | ▲ 260% |
| + Depreciation and write-downs630 | €13,251 | €20,001 | €52,948 | €58,826 | €56,967 | ▼ 3.2% |
| Operating cash flow (approximation) | €29,909 | €55,614 | €50,727 | €49,615 | €71,711 | ▲ 44.5% |
| Investment in fixed assets (approximation) | - | -€44,700 | -€156,980 | €0 | €0 | - |
| Change in cash | - | €159,461 | -€99,761 | -€20,017 | €39,065 | ▲ 295% |
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
03-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 34 days late
2025
31-12
Financial
Back to profitnet €14,743
Net result €14,743 after 2 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet -€9,210
Net result drops to -€9,210, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
01-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 62 days late
2022
31-12
Financial
Highest result since 2018net €35,613 ▲114%
Operating result €51,234, net result €35,613, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.45
Current ratio from 0.61 to 1.45.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Back to profitnet €16,659
Net result €16,659 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Sambreville
Ground area
782 m²
Building footprint
136 m²
Volume, LiDAR
750 m³
Parcel 92041B0418/00B000, Wallonia · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92041B0418/00B000 | Wallonia | 781 m² | 1 · 136 m² | 7.8 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.
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Of 1,186 companies in this sector we hold annual accounts for 710. 409 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded11-09-2017
Fiscal year end31-12
Activities, NACEBEL 2025
77399Renting and leasing of other machinery, equipment and tangible goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0680906049
Also
9925:BE0680906049
Registered
09-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.