MFMB
ActiveSummary
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 ~13.8% per year across the filed fiscal years. Its solvency ranks better than 15% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability22▲+3
Solvency35▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity tight (current ratio 1.11 against 2.02 in 2024; short-term debt: 90.1% and cash: 14.8% of total assets), and 90.1% 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.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
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
9.9%
Return on assets
2.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 8692 sector peers (2025).
NBB · sector comparisonPosition among 8692 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
36 d late
2023
282 d late
2022
134 d late
2021
85 d late
2020
34 d late
2019
140 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€37k▲ 30.3%
2024 · €29k
2018: €25k
2019: €15k▼ -39.7% vs 2018lowest in 8 years
2020: €17k▲ +14.8% vs 2019
2021: €18k▲ +7.5% vs 2020
2022: €19k▲ +1.7% vs 2021
2023: €28k▲ +51.0% vs 2022
2024: €29k▲ +1.2% vs 2023
2025: €37k▲ +30.3% vs 2024highest in 8 years
2018 → 2025
Total assets
€377k▼ 70.4%
2024 · €1.27M
2018: €2.21Mhighest in 8 years
2019: €966k▼ -56.4% vs 2018
2020: €602k▼ -37.7% vs 2019
2021: €436k▼ -27.6% vs 2020
2022: €1.04M▲ +138% vs 2021
2023: €851k▼ -17.8% vs 2022
2024: €1.27M▲ +49.4% vs 2023
2025: €377k▼ -70.4% vs 2024lowest in 8 years
2018 → 2025
Net result
€9k▲ 2,561%
2024 · €325
2018: €-23klowest in 8 years
2019: €-10k▲ +58.0% vs 2018
2020: €2k▲ +123% vs 2019
2021: €1k▼ -42.2% vs 2020
2022: €317▼ -75.1% vs 2021
2023: €10k▲ +2907% vs 2022highest in 8 years
2024: €325▼ -96.6% vs 2023
2025: €9k▲ +2561% vs 2024
2018 → 2025
Working capital
€36k▼ 94.3%
2024 · €643k
2018: €479k
2019: €610k▲ +27.4% vs 2018
2020: €554k▼ -9.2% vs 2019
2021: €378k▼ -31.7% vs 2020
2022: €19k▼ -94.9% vs 2021lowest in 8 years
2023: €478k▲ +2361% vs 2022
2024: €643k▲ +34.5% vs 2023highest in 8 years
2025: €36k▼ -94.3% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€18k-€19k▲ 1.7%€28k▲ 51.0%€29k▲ 1.2%€37k▲ 30.3%
2021: €18klowest in 5 years
2022: €19k▲ +1.7% vs 2021
2023: €28k▲ +51.0% vs 2022
2024: €29k▲ +1.2% vs 2023
2025: €37k▲ +30.3% vs 2024highest in 5 years
Operating result€-3k-€2k€5k▲ 219%€-9k€-2k▲ 77.1%
2021: €-3k
2022: €2k▲ +146% vs 2021
2023: €5k▲ +219% vs 2022highest in 5 years
2024: €-9k▼ -282% vs 2023lowest in 5 years
2025: €-2k▲ +77.1% vs 2024
Net result€1k-€317▼ 75.1%€10k▲ 2,907%€325▼ 96.6%€9k▲ 2,561%
2021: €1k
2022: €317▼ -75.1% vs 2021lowest in 5 years
2023: €10k▲ +2907% vs 2022highest in 5 years
2024: €325▼ -96.6% vs 2023
2025: €9k▲ +2561% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2k in 2025 against €9k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €377k
Fixed assets
€750 =
Current assets
€376k ▼ 70.4%
Equity and liabilities €377k
Equity
€37k ▲ 30.3%
Debt
€340k ▼ 72.7%
Debt's share of the balance-sheet total falls from 97.8% to 90.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€-2k▲
2024 · €-9k
Cash flow
€9k▲
2024 · €538
Current ratio
1.11▼
2024 · 2.02
Debt to equity
9.13▼
2024 · 43.54
ROE
23.3%▲
2024 · 1.1%
ROA
2.3%▲
2024 · 0.0%
Interest coverage
-1.13▲
2024 · -5.16
Debt ≤ 1 year
€340k▼
2024 · €628k
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 · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.27M€377k▼
Fixed assets21/28€750€750=
Tangible fixed assets22/27€0-
Furniture and vehicles24€0-
Financial fixed assets28€750€750=
Current assets29/58€1.27M€376k▼
Amounts receivable within one year40/41€333k€320k▼
Trade receivables40€20k€47k▲
Other amounts receivable41€313k€274k▼
Cash at bank and in hand54/58€103k€56k▼
Deferred charges and accrued income490/1€835k€222▼
Equity and liabilities
Total equity and liabilities10/49€1.27M€377k▼
Equity10/15€29k€37k▲
Contributions10/11€12k€12k=
Reserves13€16k€25k▲
Distributable reserves133€16k€25k▲
Amounts payable17/49€1.24M€340k▼
Amounts payable within one year42/48€628k€340k▼
Financial debts43€93k€124▼
Credit institutions430/8€93k€124▼
Trade debts44€189k€135k▼
Suppliers440/4€189k€135k▼
Advances received on contracts in progress46€343k€160k▼
Taxes, remuneration and social security45€2k€325▼
Taxes450/3€2k€325▼
Other amounts payable47/48€566€44k▲
Accrued charges and deferred income492/3€615k€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€213€0▼
Other operating charges640/8€50€4k▲
Gross operating margin9900€-8k€2k▲
Operating profit (loss)9901€-9k€-2k▲
Financial income75/76B€11k€12k▲
Recurring financial income75€11k€12k▲
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€325€9k▲
Profit (loss) for the period9904€325€9k▲
Profit (loss) for the period to be appropriated9905€325€9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€325€9k▲
Transfer to equity691/2€325€9k▲
To other reserves6921€325€9k▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €703 | €299 | €299 | €213 | €0 | ▼ 100% |
| Other operating charges640/8 | €4k | €6k | €0 | €50 | €4k | ▲ 8,421% |
| Gross operating margin9900 | €2k | €7k | €5k | €-8k | €2k | ▲ 127% |
| Operating profit (loss)9901 | €-3k | €2k | €5k | €-9k | €-2k | ▲ 77.1% |
| Financial income75/76B | €15k | €18k | €6k | €11k | €12k | ▲ 15.9% |
| Recurring financial income75 | €15k | €18k | €6k | €11k | €12k | ▲ 15.9% |
| Financial charges65/66B | €11k | €19k | €771 | €2k | €2k | ▲ 7.0% |
| Recurring financial charges65 | €11k | €19k | €771 | €2k | €2k | ▲ 7.0% |
| Profit (loss) for the period before taxes9903 | €1k | €317 | €10k | €325 | €9k | ▲ 2,561% |
| Profit (loss) for the period9904 | €1k | €317 | €10k | €325 | €9k | ▲ 2,561% |
| Profit (loss) for the period to be appropriated9905 | €1k | €317 | €10k | €325 | €9k | ▲ 2,561% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €436k | €1.04M | €851k | €1.27M | €377k | ▼ 70.4% |
| Fixed assets21/28 | €2k | €1k | €963 | €750 | €750 | = |
| Tangible fixed assets22/27 | €812 | €513 | €213 | €0 | - | - |
| Furniture and vehicles24 | €812 | €513 | €213 | €0 | - | - |
| Financial fixed assets28 | €750 | €750 | €750 | €750 | €750 | = |
| Current assets29/58 | €434k | €1.03M | €850k | €1.27M | €376k | ▼ 70.4% |
| Amounts receivable within one year40/41 | €307k | €939k | €838k | €333k | €320k | ▼ 3.9% |
| Trade receivables40 | €42k | €666k | €499k | €20k | €47k | ▲ 138% |
| Other amounts receivable41 | €266k | €272k | €339k | €313k | €274k | ▼ 12.7% |
| Cash at bank and in hand54/58 | €7k | €39k | €12k | €103k | €56k | ▼ 46.2% |
| Deferred charges and accrued income490/1 | €120k | €57k | €0 | €835k | €222 | ▼ 100.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €436k | €1.04M | €851k | €1.27M | €377k | ▼ 70.4% |
| Equity10/15 | €18k | €19k | €28k | €29k | €37k | ▲ 30.3% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €6k | €6k | €16k | €16k | €25k | ▲ 53.6% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | €4k | €4k | €16k | €16k | €25k | ▲ 53.6% |
| Amounts payable17/49 | €418k | €1.02M | €823k | €1.24M | €340k | ▼ 72.7% |
| Amounts payable within one year42/48 | €56k | €1.02M | €372k | €628k | €340k | ▼ 45.9% |
| Financial debts43 | - | - | €94k | €93k | €124 | ▼ 99.9% |
| Credit institutions430/8 | - | - | €94k | €93k | €124 | ▼ 99.9% |
| Trade debts44 | €56k | €1.01M | €278k | €189k | €135k | ▼ 28.3% |
| Suppliers440/4 | €56k | €1.01M | €278k | €189k | €135k | ▼ 28.3% |
| Advances received on contracts in progress46 | - | - | - | €343k | €160k | ▼ 53.4% |
| Taxes, remuneration and social security45 | €0 | - | - | €2k | €325 | ▼ 81.3% |
| Taxes450/3 | €0 | - | - | €2k | €325 | ▼ 81.3% |
| Other amounts payable47/48 | €566 | €566 | €566 | €566 | €44k | ▲ 7,610% |
| Accrued charges and deferred income492/3 | €361k | €2k | €451k | €615k | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1k | €317 | €10k | €325 | €9k | ▲ 2,561% |
| + Depreciation and write-downs630 | €703 | €299 | €299 | €213 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €2k | €616 | €10k | €538 | €9k | ▲ 1,507% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €32k | €-27k | €91k | €-48k | ▼ 152% |
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
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
09-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 282 days late
2023
31-12
Financial
Highest result since 2018net €10k ▲2,907%
Operating result €5k, net result €10k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.29
Current ratio from 1.02 to 2.29; short-term debt falls from €1.02M to €372k.
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
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
31-12
Financial
Liquidity times 5current ratio 12.64
Current ratio from 2.72 to 12.64; short-term debt falls from €355k to €48k.
18-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 140 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 2.72
Current ratio from 1.28 to 2.72; short-term debt falls from €1.73M to €355k.
Show earlier events
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 milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
8 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, Leuven · 1 establishment unit since 2008
Ground area
2,766 m²
Building footprint
109 m²
Volume, LiDAR
1,005 m³
2 parcels, Flanders · tallest building 12.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Luikersteenweg 60, 3500 Hasselt
since 20082.295.461.250
2 parcels
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. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 36,175 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
Founded10-12-2008
Fiscal year end31-12
Abbreviation NL
MPMB
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.