FIRLEY M&M
ActiveSummary
The computed 12-month bankruptcy probability of FIRLEY M&M is 1.7% (moderate). The 2025 annual accounts show equity of €28k and a net result of €6k. Equity is shrinking by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 48% of 27786 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▲+74
Solvency70▼-18
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 1.61 against 2.46 in 2024; short-term debt: 54.7% and cash: 2.6% of total assets), but 54.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 →
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
45.3%
Return on assets
10.3%
Age of the figures
9 mo
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 · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €28k
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
21 d late
2023
27 d late
2022
1 d early
2021
30 d early
2020
33 d early
2019
34 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€28k▲ 29.5%
2024 · €21k
2018: €36k
2019: €37k
2020: €38k
2021: €32k
2022: €35k
2023: €25k
2024: €21k
2018 → 2025
Total assets
€61k▲ 81.5%
2024 · €34k
2018: €107k
2019: €122k
2020: €94k
2021: €63k
2022: €56k
2023: €33k
2024: €34k
2018 → 2025
Net result
€6k
2024 · €-4k
2018: €3k
2019: €1k
2020: €818
2021: €-6k
2022: €2k
2023: €-10k
2024: €-4k
2018 → 2025
Working capital
€20k▲ 13.8%
2024 · €18k
2018: €25k
2019: €18k
2020: €16k
2021: €22k
2022: €22k
2023: €20k
2024: €18k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€32k-€35k▲ 7.1%€25k▼ 28.0%€21k▼ 15.0%€28k▲ 29.5%
Operating result€-792-€2k€-8k€-2k▲ 70.4%€10k
Net result€-6k-€2k€-10k€-4k▲ 61.3%€6k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €10k after a loss of €2k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €61k
Fixed assets
€7k ▲ 114%
Current assets
€54k ▲ 77.9%
Equity and liabilities €61k
Equity
€28k ▲ 29.5%
Debt
€33k ▲ 172%
Debt's share of the balance-sheet total rises from 36.5% to 54.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€12k▲
2024 · €454
Cash flow
€8k▲
2024 · €-966
Current ratio
1.61▼
2024 · 2.46
Debt to equity
1.21▲
2024 · 0.58
ROE
22.8%▲
2024 · -17.7%
ROA
10.3%▲
2024 · -11.2%
Interest coverage
8.72▲
2024 · 0.40
Debt ≤ 1 year
€33k▲
2024 · €12k
Income taxes
€3k▲
2024 · €605
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 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€34k€61k▲
Fixed assets21/28€3k€7k▲
Tangible fixed assets22/27€3k€7k▲
Furniture and vehicles24€3k€7k▲
Financial fixed assets28€50€50=
Current assets29/58€30k€54k▲
Amounts receivable within one year40/41€29k€52k▲
Trade receivables40€18k€38k▲
Other amounts receivable41€11k€13k▲
Cash at bank and in hand54/58€871€2k▲
Deferred charges and accrued income490/1-€315
Equity and liabilities
Total equity and liabilities10/49€34k€61k▲
Equity10/15€21k€28k▲
Contributions10/11€6k€8k▲
Reserves13€2k-
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Profit (loss) carried forward14€13k€19k▲
Amounts payable17/49€12k€33k▲
Amounts payable within one year42/48€12k€33k▲
Trade debts44€8k€25k▲
Suppliers440/4€8k€25k▲
Taxes, remuneration and social security45€4k€8k▲
Taxes450/3€240€3k▲
Remuneration and social security454/9€4k€5k▲
Income statement
Code20242025
Non-recurring operating income76A€14k€2k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€2k▼
Other operating charges640/8€1k€2k▲
Gross operating margin9900€2k€14k▲
Operating profit (loss)9901€-2k€10k▲
Financial income75/76B€320€431▲
Recurring financial income75€320€431▲
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€-3k€9k▲
Income taxes67/77€605€3k▲
Profit (loss) for the period9904€-4k€6k▲
Profit (loss) for the period to be appropriated9905€-4k€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€13k€19k▲
Profit (loss) brought forward from the previous period14P€17k€13k▼
Transfer from equity791/2-€2k
Transfer to equity691/2-€2k
To contributions691-€2k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €6k
Net result €6k after 2 loss-making years.
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Weakest financial yearnet €-10k ▼523%
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 34 days late
2019
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Brussel · 1 establishment unit since 2015
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.
Emile Van Ermengemlaan 181020 BrusselGround area
205 m²
Building footprint
82 m²
Volume, LiDAR
968 m³
Parcel 21816G0099/00E003, Brussels · tallest building 12.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
FIRLEY M&M
since 20152.238.893.820
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21816G0099/00E003 | Brussels | 205 m² | 1 · 82 m² | 12.9 m · 4 fl. |
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.
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 5,595 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-01-2015
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.