Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 44 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
MBS MANAGEMENT from Ieper, company number BE0878145948, closed financial year 2026 with a result of € 103,184 after tax. For that financial year MBS MANAGEMENT recorded a gross margin of € 473,443 and equity of € 680,711. Compared with financial year 2025, the result moved from € 120,932 to € 103,184. The company is profitable. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 6, 2026.
€ 680,711
▼ 42% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 103,184
▼ 15% vs 2025
Profit after tax over the fiscal year.
€ 194,074
▼ 66% vs 2025
Cash and bank balances on the last day of the fiscal year.
€ 587,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2026
€ 98,443
▼ 22% vs 2025
Of which on lease € 17,510.
Debts at end 2026
€ 3.9 million
▼ 8% vs 2025
€ 320,464 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 24,289
▼ 34% vs 2025
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 438,036 | € 446,775 | € 518,942 | € 473,443 | ▼ 9% |
| Profit after taxes | € -34,366 | € 63,687 | € 120,932 | € 103,184 | ▼ 15% |
| Equity | € 979,908 | € 1,043,596 | € 1,164,528 | € 680,711 | ▼ 42% |
| Total debts | € 4,443,478 | € 4,170,976 | € 4,310,627 | € 4,143,322 | ▼ 4% |
| Cash | € 74,940 | € 126,851 | € 575,224 | € 194,074 | ▼ 66% |
| Land & buildings | € 5,314,931 | € 5,093,461 | € 4,866,401 | € 4,639,340 | ▼ 5% |
| Retained profit | € 879,908 | € 943,596 | € 1,064,528 | € 580,711 | ▼ 45% |
| Dividend | € 0 | € 0 | € 0 | € 587,000 | |
| Bank debt | € 4,417,332 | € 4,136,568 | € 4,273,170 | € 3,929,033 | ▼ 8% |
| Balance sheet total | € 5,612,668 | € 5,393,337 | € 5,643,405 | € 4,981,768 | ▼ 12% |
Key figures of MBS MANAGEMENT, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to MBS MANAGEMENT?
What happened at MBS MANAGEMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 103,184 (▼ 15% vs 2025). Source: NBB ↗
- New establishment in Staden. KBO
- Start of the company according to the CBE. KBO
In short
From € 34,366 loss in 2023 to € 103,184 profit in 2026.
Paid € 121,925 in corporate taxes since 2023.
Best year ever: 2025, with € 120,932 profit.
Paid out € 587,000 in dividends to the owners in total.
Management
The stake of J. CARAX comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MBS MANAGEMENTBehind MBS MANAGEMENT are Bernard Thiers COMMV and White Tee BV. The shares are held by J. CARAX (50%).
Directors
According to the 2026 annual accounts
Managing director · represented by Bernard Thiers
Also active at: UNILIN, Unilin Holding, Unilin Resins, Mohawk International Services, IVC Green Power, A&U Energie, Legia Capital, De Singel Vastgoed +17 more
Managing director · represented by Yves Thiers
Also active at: SPINNEKOP, Rumaro, SPINNEHUIS, SPINNEWEB, Aeolus Group, ANTOROTIN
Shareholders
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Steverlyncklaan 22
8900 Ieper
Roterijstraat(ONK) 11
8840 Staden
Active since 23 January 2006
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0878.145.948
- VAT number
- BE 0878.145.948
- Registered office
- Steverlyncklaan 22, 8900 Ieper
- Names & denominations
- MBS MANAGEMENT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 December 2005
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
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