4MW
InactiveInactive since 15-07-2026; last annual accounts for fiscal year 2025. Dissolved and wound up in a single deed.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-03-2026, 133 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
133 d early
2024
8 d early
2023
7 d early
2022
3 d early
2021
2 d early
2020
1 d early
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 22 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date How is the Forging of metal sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€168,081▲ 4.4%
2024 · €161,056
Total assets
€176,958▲ 1.0%
2024 · €175,189
Net result
€7,025▲ 116%
2024 · €3,258
Working capital
€145,120▲ 23.3%
2024 · €117,694
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€79,995▲ 81.8%€30,981▼ 61.3%€18,516▼ 40.2%€4,409▼ 76.2%€9,413▲ 113%
Net result€54,262above the sector's middle half▲ 151%€20,272within the sector's middle half▼ 62.6%€13,459within the sector's middle half▼ 33.6%€3,258below the sector's middle half▼ 75.8%€7,025within the sector's middle half▲ 116%
Equity€124,067within the sector's middle half▲ 77.7%€144,339within the sector's middle half▲ 16.3%€157,798below the sector's middle half▲ 9.3%€161,056below the sector's middle half▲ 2.1%€168,081within the sector's middle half▲ 4.4%
Total assets€165,882within the sector's middle half▲ 43.3%€190,536within the sector's middle half▲ 14.9%€176,535below the sector's middle half▼ 7.3%€175,189below the sector's middle half▼ 0.8%€176,958below the sector's middle half▲ 1.0%
Debt€41,814▼ 9.0%€46,197▲ 10.5%€18,736▼ 59.4%€14,133▼ 24.6%€8,876▼ 37.2%
Working capital€121,515above the sector's middle half▲ 146%€58,969within the sector's middle half▼ 51.5%€93,798within the sector's middle half▲ 59.1%€117,694within the sector's middle half▲ 25.5%€145,120within the sector's middle half▲ 23.3%
Solvency74.8%above the sector's middle half▲ 14.5pp75.8%above the sector's middle half▲ 1.0pp89.4%above the sector's middle half▲ 13.6pp91.9%above the sector's middle half▲ 2.5pp95.0%above the sector's middle half▲ 3.1pp
Current ratio3.91above the sector's middle half▲ 1.812.28within the sector's middle half▼ 1.636.01above the sector's middle half▲ 3.739.33above the sector's middle half▲ 3.3217.35above the sector's middle half▲ 8.02
Return on assets (ROA)32.7%above the sector's middle half▲ 14.0pp10.6%within the sector's middle half▼ 22.1pp7.6%within the sector's middle half▼ 3.0pp1.9%within the sector's middle half▼ 5.8pp4.0%within the sector's middle half▲ 2.1pp
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 113% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €176,958
Fixed assets
€22,962 ▼ 47.0%
Current assets
€153,996 ▲ 16.8%
Equity and liabilities €176,958
Equity
€168,081 ▲ 4.4%
Debt
€8,876 ▼ 37.2%
Debt's share of the balance-sheet total falls from 8.1% to 5.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€29,813▲
2024 · €25,048
Cash flow
€27,425▲
2024 · €23,896
Debt to equity
0.05▼
2024 · 0.09
ROE
4.2%▲
2024 · 2.0%
Interest coverage
393.47▲
2024 · 231.84
Debt ≤ 1 year
€8,876▼
2024 · €14,133
Income taxes
€2,342▲
2024 · €1,100
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €20,235 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,224 | €19,182 | €21,321 | €20,638 | €20,400 | ▼ 1.2% |
| Other operating charges640/8 | €970 | €410 | €496 | €1,722 | €1,782 | ▲ 3.5% |
| Gross operating margin9900 | €84,188 | €50,573 | €40,333 | €26,770 | €31,595 | ▲ 18.0% |
| Operating profit (loss)9901 | €79,995 | €30,981 | €18,516 | €4,409 | €9,413 | ▲ 113% |
| Financial income75/76B | €1 | - | - | €57 | €30 | ▼ 47.3% |
| Recurring financial income75 | €1 | - | - | €57 | €30 | ▼ 47.3% |
| Financial charges65/66B | €522 | €368 | €66 | €108 | €76 | ▼ 29.9% |
| Recurring financial charges65 | €522 | €368 | €66 | €108 | €76 | ▼ 29.9% |
| Profit (loss) for the period before taxes9903 | €79,473 | €30,613 | €18,450 | €4,358 | €9,367 | ▲ 115% |
| Income taxes67/77 | €25,211 | €10,341 | €4,991 | €1,100 | €2,342 | ▲ 113% |
| Profit (loss) for the period9904 | €54,262 | €20,272 | €13,459 | €3,258 | €7,025 | ▲ 116% |
| Profit (loss) for the period to be appropriated9905 | €54,262 | €20,272 | €13,459 | €3,258 | €7,025 | ▲ 116% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €165,882 | €190,536 | €176,535 | €175,189 | €176,958 | ▲ 1.0% |
| Formation expenses20 | €0 | €0 | - | - | - | - |
| Fixed assets21/28 | €2,553 | €85,370 | €64,000 | €43,362 | €22,962 | ▼ 47.0% |
| Tangible fixed assets22/27 | €2,503 | €85,321 | €64,000 | €43,362 | €22,962 | ▼ 47.0% |
| Plant, machinery and equipment23 | €1,735 | €84,817 | €63,762 | €43,362 | €22,962 | ▼ 47.0% |
| Furniture and vehicles24 | €768 | €503 | €238 | - | - | - |
| Financial fixed assets28 | €50 | €50 | - | - | - | - |
| Current assets29/58 | €163,329 | €105,166 | €112,535 | €131,828 | €153,996 | ▲ 16.8% |
| Amounts receivable within one year40/41 | - | - | €38,094 | €11,718 | €11,785 | ▲ 0.6% |
| Trade receivables40 | - | - | €38,094 | €9,801 | €9,801 | = |
| Other amounts receivable41 | - | - | - | €1,917 | €1,984 | ▲ 3.5% |
| Cash at bank and in hand54/58 | €162,769 | €105,166 | €74,441 | €120,110 | €142,211 | ▲ 18.4% |
| Deferred charges and accrued income490/1 | €560 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €165,882 | €190,536 | €176,535 | €175,189 | €176,958 | ▲ 1.0% |
| Equity10/15 | €124,067 | €144,339 | €157,798 | €161,056 | €168,081 | ▲ 4.4% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €111,667 | €131,939 | €145,398 | €148,656 | €155,681 | ▲ 4.7% |
| Non-distributable reserves130/1 | €1,900 | €1,900 | €1,900 | - | - | - |
| Reserves not available under the articles1311 | €1,900 | €1,900 | €1,900 | - | - | - |
| Distributable reserves133 | €109,767 | €130,039 | €143,498 | €148,656 | €155,681 | ▲ 4.7% |
| Amounts payable17/49 | €41,814 | €46,197 | €18,736 | €14,133 | €8,876 | ▼ 37.2% |
| Amounts payable within one year42/48 | €41,814 | €46,197 | €18,736 | €14,133 | €8,876 | ▼ 37.2% |
| Trade debts44 | €258 | €656 | €194 | - | - | - |
| Suppliers440/4 | €258 | €656 | €194 | - | - | - |
| Taxes, remuneration and social security45 | €34,273 | €38,045 | €11,369 | €6,959 | €1,701 | ▼ 75.6% |
| Taxes450/3 | €34,273 | €38,045 | €11,369 | €6,959 | €1,701 | ▼ 75.6% |
| Other amounts payable47/48 | €7,284 | €7,495 | €7,174 | €7,174 | €7,175 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €54,262 | €20,272 | €13,459 | €3,258 | €7,025 | ▲ 116% |
| + Depreciation and write-downs630 | €3,224 | €19,182 | €21,321 | €20,638 | €20,400 | ▼ 1.2% |
| Operating cash flow (approximation) | €57,486 | €39,454 | €34,780 | €23,896 | €27,425 | ▲ 14.8% |
| Investment in fixed assets (approximation) | - | -€102,000 | €50 | €0 | €0 | - |
| Change in cash | - | -€57,603 | -€30,725 | €45,669 | €22,101 | ▼ 51.6% |
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
22-07
State Gazette act
End & cessationAuditor report · Dissolution · Real estate23 facts ▸
State Gazette act
End & cessation
Auditor report · Dissolution · Real estate23 facts ▸
- Other statement, agenda, Bespreking verslagen bestuurder betreffende voorstel tot ontbinding met staat van activa en passiva en verslag bedrijfsrevisor betreffende voorstel tot…
- Other statement, bestuurder, verslag bestuurder voorstel ontbinding
- Auditor report, 22-06-2026
- Auditor report, 342644.33, EUR
- Auditor report, bevestigingen artikel 2:80 eerste lid 2° WVV, artikel 2:80 eerste lid 2° WVV
- Other statement, termijnen mededeling verslagen
- Other statement, ontvangst afschriften, partijen
- Other statement, samenstelling vergadering
- Other statement, aanwezigheidsquorum ontbinding, 760
- Other statement, onmiddellijke afsluiting vereffening, bestuurder
- Other statement, voorwaarden onmiddellijke afsluiting vervuld, eenparigheid
- General meeting, eenparigheid, geldigheid vergadering
- +11 further facts in this act
20-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity triplescurrent ratio 6.01
Current ratio from 2.28 to 6.01; short-term debt falls from €46,197 to €18,736.
31-12
Financial
Equity above €150,000Eq €157,798 ▲9.3%
4 profitable years in a row build equity to €157,798.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €54,262 ▲151%
Operating result €79,995, net result €54,262, both a record.
31-12
Financial
Equity above €100,000Eq €124,067 ▲77.7%
2 profitable years in a row build equity to €124,067.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €21,655
Net result €21,655 after 2 loss-making years.
Show earlier events
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
15-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 15 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Voeren
Ground area
1,077 m²
Building footprint
160 m²
Volume, LiDAR
894 m³
Parcel 73054A0294/00H000, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73054A0294/00H000 | Flanders | 1,077 m² | 1 · 160 m² | 8.8 m · 2 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.
Articles of association
Other statement
Verantwoordelijkheden bestuursorgaan, vennoten,aandeelhouders,derden
Stemmen, meerderheid ontbinding
Jaarrekening en kwijting voorafgaand aan ontbinding, bestuurder
3 more provisions on this in the deed
Structure & network
Owners and holdings
2 ownersOwners 2
- Sourceaccounts 4MEC 202533.33%
- Sourceaccounts MECATIM 202533.33%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 981 companies in sector 25401 we hold annual accounts for 407. 329 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
Founded19-02-2001
Fiscal year end31-12
Abbreviation NL
M.T.W.
Activities, NACEBEL 2025
25401Forging of metal
25402Manufacture of fabricated metal products, except machinery and equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0474113630
Also
9925:BE0474113630
Registered
11-12-2025
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.