Ets MW
ActiveThe computed 12-month bankruptcy probability of Ets MW is 2.6% (moderate). The 2024 annual accounts show equity of €117k and a net result of €14k. Equity is growing by ~6.1% per year across the filed fiscal years. Its solvency ranks better than 25% of 36373 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
52
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability72▲+1
Solvency49▲+2
Growth52▲+20
Track record94
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity tight (current ratio 1.22 against 1.32 in 2023; short-term debt: 42.3% and cash: 5.5% of total assets), and 76.1% 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.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 →
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
23.9%
Return on assets
2.9%
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 21-08-2025, 21 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
21 d late
2023
212 d late
2022
301 d late
2021
177 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€117k▲ 14.0%
2023 · €103k
2021: €104k
2022: €95k
2023: €103k
2021 → 2024
Total assets
€489k▲ 2.6%
2023 · €477k
2021: €364k
2022: €385k
2023: €477k
2021 → 2024
Net result
€14k▲ 86.2%
2023 · €8k
2021: €84k
2022: €-9k
2023: €8k
2021 → 2024
Working capital
€45k▼ 22.4%
2023 · €58k
2021: €22k
2022: €63k
2023: €58k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€104k-€95k▼ 8.4%€103k▲ 8.1%€117k▲ 14.0%
Operating result€86k-€-6k€21k€36k▲ 70.5%
Net result€84k-€-9k€8k€14k▲ 86.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 71% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €489k
Fixed assets
€237k▲ 1.3%
Current assets
€252k▲ 3.9%
Equity and liabilities €489k
Equity
€117k▲ 14.0%
Debt
€373k▼ 0.5%
The debt ratio falls from 78.5% to 76.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€75k▲
2023 · €46k
Cash flow
€54k▲
2023 · €33k
Solvency
23.9%▲
2023 · 21.5%
Current ratio
1.22▼
2023 · 1.32
Quick ratio
1.18▼
2023 · 1.20
Debt / equity
3.18▼
2023 · 3.65
ROE
12.3%▲
2023 · 7.5%
ROA
2.9%▲
2023 · 1.6%
Interest coverage
17.24▲
2023 · 10.93
Debt
€373k▼
2023 · €375k
Debt ≤ 1 year
€207k▲
2023 · €184k
Debt > 1 year
€166k▼
2023 · €190k
Income taxes
€17k▲
2023 · €10k
Staff costs
€67k▼
2023 · €99k
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€477k€489k▲
Fixed assets21/28€234k€237k▲
Intangible fixed assets21€0-
Tangible fixed assets22/27€234k€237k▲
Land and buildings22€146k€135k▼
Plant, machinery and equipment23€20k€12k▼
Furniture and vehicles24€68k€91k▲
Current assets29/58€243k€252k▲
Stocks and contracts in progress3€22k€8k▼
Stocks30/36€22k€8k▼
Amounts receivable within one year40/41€167k€216k▲
Trade receivables40€153k€201k▲
Other amounts receivable41€14k€15k▲
Cash at bank and in hand54/58€53k€27k▼
Deferred charges and accrued income490/1-€836
Equity and liabilities
Total equity and liabilities10/49€477k€489k▲
Equity10/15€103k€117k▲
Contributions10/11€20k€20k=
Outside capital11€20k-
Other1109/19€20k-
Profit (loss) carried forward14€83k€97k▲
Amounts payable17/49€375k€373k▼
Amounts payable after more than one year17€190k€166k▼
Financial debts170/4€190k€166k▼
Amounts payable within one year42/48€184k€207k▲
Current portion of amounts payable after more than one year42€28k€25k▼
Trade debts44€147k€136k▼
Suppliers440/4€147k€136k▼
Advances received on contracts in progress46-€219
Taxes, remuneration and social security45€8k€13k▲
Taxes450/3€1k€11k▲
Remuneration and social security454/9€7k€1k▼
Other amounts payable47/48€579€33k▲
Income statement
Code20232024
Non-recurring operating income76A€2k€15k▲
Remuneration, social security and pensions62€99k€67k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€39k▲
Other operating charges640/8€1k€37k▲
Non-recurring operating charges66A-€7k
Gross operating margin9900€147k€186k▲
Operating profit (loss)9901€21k€36k▲
Financial income75/76B€335€59▼
Recurring financial income75€335€59▼
Financial charges65/66B€4k€4k▲
Recurring financial charges65€4k€4k▲
Profit (loss) for the period before taxes9903€17k€32k▲
Income taxes67/77€10k€17k▲
Profit (loss) for the period9904€8k€14k▲
Profit (loss) for the period to be appropriated9905€8k€14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€83k€97k▲
Profit (loss) brought forward from the previous period14P€75k€83k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
28-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 212 days late
2024
27-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 301 days late
2023
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
31-12
Financial
Equity above €100kEq €103k ▲8.1%
Equity rises from €95k to €103k.
24-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 177 days late
2022
31-12
Financial
Weakest financial yearnet €-9k ▼110%
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Gembloux · 1 establishment unit since 2020
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 Mazy 1345030 GemblouxGround area
1,807 m²
Building footprint
92 m²
Parcel 92053C0060/00N000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Ets MW
since 20202.311.514.750
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92053C0060/00N000 | Wallonia | 1,807 m² | 1 · 92 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
Nuyts
BE 0701.636.632
Zoersel · Eq €117k
SANITEC
BE 0467.110.131
Wichelen · Eq €117k
GERT JANSSENS & ZN
BE 0467.980.656
Beveren-Kruibeke-Zwijndrecht · Eq €117k
PLOMBI-CHAUFFAGE
BE 0672.682.825
Braine-l'Alleud · Eq €117k
RIVULUS
BE 0636.884.974
Beerse · Eq €117k
Of 7,042 companies in sector 43221 we hold annual accounts for 3,469. 3,041 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-11-2020
Fiscal year end31-12
Activities, NACEBEL
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43291Specialised construction activities
68110Buying and selling of own real estate
74909Other professional, scientific and technical activities
74999Other professional, scientific and technical activities
81100Combined facilities support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.