MRB
ActiveSummary
The computed 12-month bankruptcy probability of MRB is 4.6% (elevated). The 2024 annual accounts show equity of €19k and a net result of €10k. Equity is growing by ~291.8% per year across the filed fiscal years. Its solvency ranks better than 40% of 1290 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability70▲+21
Solvency50▲+27
Growth85▲+53
Track record94
Bankruptcy probability, 12 months
4.6%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.97 against 0.33 in 2023; short-term debt: 75.3% and cash: 12.8% of total assets), and 75.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
24.7%
Return on assets
12.4%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-07-2025, 3 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
3 d early
2023
55 d late
2022
32 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€383k▲ 1,373%
2023 · €26k
2023: €26k
2024: €383k▲ +1373% vs 2023
2023 → 2024
EBIT margin
3.4%▲ 15.8pp
2023 · -12.3%
2023: -12.3%
2024: 3.4%▲ +128% vs 2023
2023 → 2024
Net result
€10k
2023 · €-3k
2022: €-2k
2023: €-3k▼ -48.5% vs 2022lowest in 3 years
2024: €10k▲ +401% vs 2023highest in 3 years
2022 → 2024
Working capital
€-2k▲ 88.1%
2023 · €-17k
2023: €-17k
2024: €-2k▲ +88.1% vs 2023
2023 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Turnover€26k€383k▲ 1,373%
2023: €26k
2024: €383k▲ +1373% vs 2023
Equity€3k-€-401€19k
2022: €3k
2023: €-401▼ -114% vs 2022lowest in 3 years
2024: €19k▲ +4925% vs 2023highest in 3 years
Operating result€-2k-€-3k▼ 47.5%€13k
2022: €-2k
2023: €-3k▼ -47.5% vs 2022lowest in 3 years
2024: €13k▲ +509% vs 2023highest in 3 years
Net result€-2k-€-3k▼ 48.5%€10k
2022: €-2k
2023: €-3k▼ -48.5% vs 2022lowest in 3 years
2024: €10k▲ +401% vs 2023highest in 3 years
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €13k after a loss of €3k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €78k
Fixed assets
€21k ▲ 27.3%
Current assets
€57k ▲ 582%
Equity and liabilities €78k
Equity
€19k
Debt
€59k
Debt finances 75.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€20k▲
2023 · €1k
Cash flow
€17k▲
2023 · €1k
Current ratio
0.97▲
2023 · 0.33
Debt to equity
3.05
ROE
50.3%
ROA
12.4%▲
2023 · -12.8%
Interest coverage
145.41▲
2023 · 63.35
Debt ≤ 1 year
€59k▲
2023 · €26k
Income taxes
€3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 38 lines
Balance sheet
Code20232024
Assets
Total assets20/58€25k€78k▲
Fixed assets21/28€17k€21k▲
Tangible fixed assets22/27€17k€21k▲
Plant, machinery and equipment23€2k€2k▲
Furniture and vehicles24€15k€19k▲
Current assets29/58€8k€57k▲
Amounts receivable within one year40/41€6k€47k▲
Trade receivables40€3k€47k▲
Other amounts receivable41€3k-
Cash at bank and in hand54/58€2k€10k▲
Equity and liabilities
Total equity and liabilities10/49€25k€78k▲
Equity10/15€-401€19k▲
Contributions10/11€5k€15k▲
Capital10€5k€15k▲
Issued capital100€15k€15k=
Uncalled capital101€10k-
Profit (loss) carried forward14€-5k€4k▲
Amounts payable17/49€26k€59k▲
Amounts payable within one year42/48€26k€59k▲
Trade debts44-€25k
Suppliers440/4-€25k
Taxes, remuneration and social security45-€9k
Taxes450/3-€9k
Other amounts payable47/48€26k€25k▼
Income statement
Code20232024
Turnover70€26k€383k▲
Goods, raw materials, services and sundry goods60/61€23k€359k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€7k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€3k€23k▲
Operating profit (loss)9901€-3k€13k▲
Financial charges65/66B€22€140▲
Recurring financial charges65€22€140▲
Profit (loss) for the period before taxes9903€-3k€13k▲
Income taxes67/77-€3k
Profit (loss) for the period9904€-3k€10k▲
Profit (loss) for the period to be appropriated9905€-3k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-5k€4k▲
Profit (loss) brought forward from the previous period14P€-2k€-5k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Turnover70 | - | €26k | €383k | ▲ 1,373% |
| Goods, raw materials, services and sundry goods60/61 | €2k | €23k | €359k | ▲ 1,492% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €388 | €5k | €7k | ▲ 58.5% |
| Other operating charges640/8 | - | €2k | €3k | ▲ 43.9% |
| Gross operating margin9900 | €-2k | €3k | €23k | ▲ 583% |
| Operating profit (loss)9901 | €-2k | €-3k | €13k | ▲ 509% |
| Financial charges65/66B | - | €22 | €140 | ▲ 534% |
| Recurring financial charges65 | - | €22 | €140 | ▲ 534% |
| Profit (loss) for the period before taxes9903 | €-2k | €-3k | €13k | ▲ 502% |
| Income taxes67/77 | - | - | €3k | - |
| Profit (loss) for the period9904 | €-2k | €-3k | €10k | ▲ 401% |
| Profit (loss) for the period to be appropriated9905 | €-2k | €-3k | €10k | ▲ 401% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €3k | €25k | €78k | ▲ 211% |
| Fixed assets21/28 | €2k | €17k | €21k | ▲ 27.3% |
| Tangible fixed assets22/27 | €2k | €17k | €21k | ▲ 27.3% |
| Plant, machinery and equipment23 | €2k | €2k | €2k | ▲ 49.4% |
| Furniture and vehicles24 | - | €15k | €19k | ▲ 25.0% |
| Current assets29/58 | €1k | €8k | €57k | ▲ 582% |
| Amounts receivable within one year40/41 | €418 | €6k | €47k | ▲ 657% |
| Trade receivables40 | - | €3k | €47k | ▲ 1,356% |
| Other amounts receivable41 | €418 | €3k | - | - |
| Cash at bank and in hand54/58 | €856 | €2k | €10k | ▲ 367% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €3k | €25k | €78k | ▲ 211% |
| Equity10/15 | €3k | €-401 | €19k | ▲ 4,925% |
| Contributions10/11 | €5k | €5k | €15k | ▲ 200% |
| Capital10 | €5k | €5k | €15k | ▲ 200% |
| Issued capital100 | €15k | €15k | €15k | = |
| Uncalled capital101 | €10k | €10k | - | - |
| Profit (loss) carried forward14 | €-2k | €-5k | €4k | ▲ 180% |
| Amounts payable17/49 | - | €26k | €59k | ▲ 131% |
| Amounts payable within one year42/48 | - | €26k | €59k | ▲ 131% |
| Trade debts44 | - | - | €25k | - |
| Suppliers440/4 | - | - | €25k | - |
| Taxes, remuneration and social security45 | - | - | €9k | - |
| Taxes450/3 | - | - | €9k | - |
| Other amounts payable47/48 | - | €26k | €25k | ▼ 2.5% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-2k | €-3k | €10k | ▲ 401% |
| + Depreciation and write-downs630 | €388 | €5k | €7k | ▲ 58.5% |
| Operating cash flow (approximation) | €-2k | €1k | €17k | ▲ 1,133% |
| Investment in fixed assets (approximation) | - | €-20k | €-12k | ▲ 40.1% |
| Change in cash | - | €1k | €8k | ▲ 511% |
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
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €10k
Net result €10k after 2 loss-making years.
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 55 days late
2023
31-12
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 32 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
1 act for this company is 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, Brussel · 1 establishment unit since 2022
Ground area
97 m²
Building footprint
175 m²
Volume, LiDAR
2,195 m³
Parcel 21810L2201/00S019, Brussels · tallest building 21.4 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
MRB
since 20222.331.021.945
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21810L2201/00S019 | Brussels | 97 m² | 1 · 175 m² | 21.4 m · 5 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.
Recognitions · licences · registrations
Recognised contractor
17 categoriesMRB SRL43527
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,036. 11,453 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
Founded21-04-2022
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
43990Other specialised construction activities
71121Engineering and related technical consultancy, excluding land surveyors
Scores and ratios are computed by Checked and are not a credit decision.