MB EVOLUTION
ActiveMB EVOLUTION has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €111k and a net result of €8k. Equity is growing by ~35.8% per year across the filed fiscal years. Its solvency ranks better than 60% of 3549 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability72▼-7
Solvency73▲+11
Growth52=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity tight (current ratio 1.41 against 1.09 in 2023; short-term debt: 52.4% of total assets), and 52.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
47.6%
Return on assets
3.6%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
91 d late
2022
84 d late
2021
123 d early
2020
31 d late
2019
28 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€279k
EBIT margin
2.1%
Net result
€8k▼ 61.5%
2023 · €22k
2018: €30k
2019: €18k
2020: €3k
2021: €17k
2022: €25k
2023: €22k
2018 → 2024
Working capital
€50k▲ 220%
2023 · €16k
2018: €-2k
2019: €13k
2020: €17k
2021: €-21k
2022: €9k
2023: €16k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€279k
Equity€38k-€55k▲ 44.7%€80k▲ 44.6%€102k▲ 27.4%€111k▲ 8.3%
Operating result€12k-€32k▲ 160%€42k▲ 33.8%€38k▼ 10.5%€6k▼ 84.2%
Net result€3k-€17k▲ 531%€25k▲ 44.4%€22k▼ 11.1%€8k▼ 61.5%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 84% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €232k
Fixed assets
€61k▼ 30.4%
Current assets
€172k▼ 10.2%
Equity and liabilities €232k
Equity
€111k▲ 8.3%
Debt
€122k▼ 30.9%
The debt ratio falls from 63.3% to 52.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€34k▼
2023 · €64k
Cash flow
€37k▼
2023 · €48k
Solvency
47.6%▲
2023 · 36.7%
Current ratio
1.41▲
2023 · 1.09
Quick ratio
0.36▼
2023 · 0.43
Debt / equity
1.10▼
2023 · 1.73
ROE
7.7%▼
2023 · 21.5%
ROA
3.6%▼
2023 · 7.9%
Interest coverage
7.11▼
2023 · 10.00
Debt
€122k▼
2023 · €176k
Debt ≤ 1 year
€122k▼
2023 · €176k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€278k€232k▼
Fixed assets21/28€87k€61k▼
Intangible fixed assets21€1k€380▼
Tangible fixed assets22/27€81k€56k▼
Plant, machinery and equipment23€69k€54k▼
Furniture and vehicles24€11k€756▼
Other tangible fixed assets26€1k€1k▼
Financial fixed assets28€5k€5k=
Current assets29/58€191k€172k▼
Stocks and contracts in progress3€115k€128k▲
Stocks30/36€115k€128k▲
Amounts receivable within one year40/41€73k€38k▼
Trade receivables40€70k€37k▼
Other amounts receivable41€3k€1k▼
Current investments50/53-€1k
Cash at bank and in hand54/58€2k-
Deferred charges and accrued income490/1€733€4k▲
Equity and liabilities
Total equity and liabilities10/49€278k€232k▼
Equity10/15€102k€111k▲
Contributions10/11€2k€2k=
Reserves13€99k€99k=
Distributable reserves133€99k€99k=
Profit (loss) carried forward14€864€9k▲
Amounts payable17/49€176k€122k▼
Amounts payable within one year42/48€176k€122k▼
Current portion of amounts payable after more than one year42€11k-
Financial debts43€30k€13k▼
Credit institutions430/8€29k€13k▼
Other loans439€1k-
Trade debts44€98k€55k▼
Suppliers440/4€98k€55k▼
Advances received on contracts in progress46€550-
Taxes, remuneration and social security45€20k€10k▼
Taxes450/3€20k€10k▼
Other amounts payable47/48€15k€43k▲
Accrued charges and deferred income492/3€543-
Income statement
Code20232024
Turnover70-€279k
Non-recurring operating income76A€479-
Goods, raw materials, services and sundry goods60/61-€266k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€28k▲
Other operating charges640/8€2k€2k▲
Non-recurring operating charges66A€1k€282▼
Gross operating margin9900€67k€37k▼
Operating profit (loss)9901€38k€6k▼
Financial income75/76B€91€7k▲
Recurring financial income75€91€76▼
Non-recurring financial income76B-€7k
Financial charges65/66B€6k€5k▼
Recurring financial charges65€6k€5k▼
Profit (loss) for the period before taxes9903€32k€8k▼
Income taxes67/77€10k-
Profit (loss) for the period9904€22k€8k▼
Profit (loss) for the period to be appropriated9905€22k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€23k€9k▼
Profit (loss) brought forward from the previous period14P€893€864▼
Transfer to equity691/2€22k-
To other reserves6921€22k-
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 61 days late
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 91 days late
2023
31-12
Financial
Equity above €100kEq €102k ▲27.4%
6 profitable years in a row build equity to €102k.
23-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 84 days late
2022
30-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €3k ▼85.1%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
01-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
13-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are 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, Hotton · 1 establishment unit since 2014
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de Barvaux, Hotton 256990 HottonGround area
1,206 m²
Building footprint
457 m²
Parcel 83028B0576/00W002, Wallonia. Linked by address, not a title deed.
1 establishment unit
MB EVOLUTION
since 20142.232.661.965
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83028B0576/00W002 | Wallonia | 1,206 m² | 1 · 457 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
NICOVAN
BE 0633.674.175
Tielt · Eq €111k
DMD AFWERKING
BE 0676.414.454
Peer · Eq €111k
Le maître du bois
BE 0778.968.990
Somme-Leuze · Eq €111k
GAUQUIE
BE 0859.617.265
Heuvelland · Eq €111k
Timmer- & schrijnw. De Jaeger R.
BE 0785.822.338
Nazareth-De Pinte · Eq €110k
Of 20,026 companies in sector 43320 we hold annual accounts for 9,136. 7,715 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-05-2014
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.