Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 59 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MABD from Kruisem, company number BE0827429596, closed financial year 2025 with a result of € -101,990 after tax. For that financial year MABD recorded a gross margin of € 1,941 and equity of € -92,192. Compared with financial year 2024, the result moved from € -90,781 to € -101,990. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 30, 2026.
€ -92,192
▼ € 101,990 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -101,990
▼ 12 % more loss than in 2024
Profit after tax over the fiscal year.
€ 9,500
▼ 39% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -167,192.
People and assets in 2025
€ 103,406
▲ 13% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 28,085
▲ € 23,916 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 231,373
▲ 56% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 5,766
▲ 3% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 607,436 | € -12,132 | € 2,687 | € 1,941 | ▼ 28% |
| Profit after taxes | € 260,403 | € -306,324 | € -90,781 | € -101,990 | ▼ € 11,209 |
| Equity | € 406,903 | € 100,578 | € 9,797 | € -92,192 | ▼ € 101,990 |
| Total debts | € 254,628 | € 132,344 | € 171,742 | € 264,656 | ▲ 54% |
| Cash | € 357,938 | € 73,272 | € 15,617 | € 9,500 | ▼ 39% |
| Retained profit | € 331,903 | € 25,578 | € -65,203 | € -167,192 | ▼ € 101,990 |
| Balance sheet total | € 661,531 | € 232,922 | € 181,539 | € 172,463 | ▼ 5% |
| Employees (FTE) | 2.6 | 2.3 | - | - |
Key figures of MABD, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to MABD?
What happened at MABD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 101,990. Source: NBB ↗
- Katelijne Vandenbroucke became a director. NBB
- Kurt Reynvoet became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Kruisem. KBO
In short
From € 260,403 profit in 2022 to € 101,990 loss in 2025.
Paid € 6,306 in corporate taxes since 2022.
Best year ever: 2022, with € 260,403 profit.
On average € 233,600 of value added per employee in 2022.
A new publication or filing at MABD? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of REYCA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MABDBehind MABD are Katelijne Vandenbroucke and Kurt Reynvoet. The shares are held by REYCA (100%).
Directors
According to the 2025 annual accounts
since 2023
Kurt Reynvoet
Director
since 2023
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kokerstraat 2A
9750 Kruisem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0827.429.596
- VAT number
- BE 0827.429.596
- Registered office
- Kokerstraat 2A, 9750 Kruisem
- Names & denominations
- MABD · T-M-S
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 July 2010
- Peppol
- Active · Active since 2 Dec 2025
- Activities · NACE
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