M.E.T.
ActiveThe computed 12-month bankruptcy probability of M.E.T. is 2.8% (moderate). The 2024 annual accounts show equity of €17k and a net result of €3k. Equity is growing by ~31.7% per year across the filed fiscal years. Its solvency ranks better than 47% of 36376 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability79▼-21
Solvency69▼-16
Growth52=
Track record94
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.36 against 1.3 in 2023; short-term debt: 56% and cash: 46.1% of total assets), and 56% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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
44%
Return on assets
8%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
6 d early
2022
23 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€17k▲ 22.1%
2023 · €14k
2022: €8k
2023: €14k
2022 → 2024
Total assets
€39k▲ 66.4%
2023 · €23k
2022: €13k
2023: €23k
2022 → 2024
Net result
€3k▼ 46.4%
2023 · €6k
2022: €6k
2023: €6k
2022 → 2024
Working capital
€8k▲ 183%
2023 · €3k
2022: €8k
2023: €3k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€8k-€14k▲ 70.4%€17k▲ 22.1%
Operating result€8k-€7k▼ 9.6%€5k▼ 38.1%
Net result€6k-€6k▼ 6.9%€3k▼ 46.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 38% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €39k
Fixed assets
€9k▼ 17.5%
Current assets
€30k▲ 144%
Equity and liabilities €39k
Equity
€17k▲ 22.1%
Debt
€22k▲ 133%
The debt ratio rises from 40.0% to 56.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€7k▼
2023 · €8k
Cash flow
€5k▼
2023 · €6k
Solvency
44.0%▼
2023 · 60.0%
Current ratio
1.36▲
2023 · 1.30
Quick ratio
1.36▲
2023 · 1.30
Debt / equity
1.27▲
2023 · 0.67
ROE
18.1%▼
2023 · 41.3%
ROA
8.0%▼
2023 · 24.8%
Interest coverage
127.88▲
2023 · 90.50
Debt
€22k▲
2023 · €9k
Debt ≤ 1 year
€22k▲
2023 · €9k
Income taxes
€1k▼
2023 · €2k
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€23k€39k▲
Fixed assets21/28€11k€9k▼
Tangible fixed assets22/27€11k€9k▼
Furniture and vehicles24€6k€5k▼
Other tangible fixed assets26€5k€5k▼
Current assets29/58€12k€30k▲
Amounts receivable within one year40/41€9k€10k▲
Trade receivables40€7k€7k▼
Other amounts receivable41€2k€3k▲
Cash at bank and in hand54/58€3k€18k▲
Deferred charges and accrued income490/1€710€2k▲
Equity and liabilities
Total equity and liabilities10/49€23k€39k▲
Equity10/15€14k€17k▲
Contributions10/11€2k€2k=
Profit (loss) carried forward14€12k€15k▲
Amounts payable17/49€9k€22k▲
Amounts payable within one year42/48€9k€22k▲
Trade debts44€5k€6k▲
Suppliers440/4€5k€6k▲
Taxes, remuneration and social security45€4k€6k▲
Taxes450/3€4k€6k▲
Other amounts payable47/48-€10k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€391€2k▲
Other operating charges640/8€834€728▼
Non-recurring operating charges66A€175-
Gross operating margin9900€9k€7k▼
Operating profit (loss)9901€7k€5k▼
Financial income75/76B€104€0▼
Recurring financial income75€104€0▼
Financial charges65/66B€86€51▼
Recurring financial charges65€86€51▼
Profit (loss) for the period before taxes9903€7k€5k▼
Income taxes67/77€2k€1k▼
Profit (loss) for the period9904€6k€3k▼
Profit (loss) for the period to be appropriated9905€6k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€12k€15k▲
Profit (loss) brought forward from the previous period14P€6k€12k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €3k ▼46.4%
Net result drops to €3k, the lowest in the series.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
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, Hulshout · 1 establishment unit since 2021
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.
Oude Heibaan 352235 HulshoutGround area
933 m²
Building footprint
163 m²
Volume, LiDAR
764 m³
Parcel 13016B0057/00D000, Flanders · tallest building 5.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
M.E.T.
since 20212.327.583.591
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13016B0057/00D000 | Flanders | 933 m² | 1 · 163 m² | 5.9 m · 2 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 22,826 companies in sector 43211 we hold annual accounts for 10,328. 6,872 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-12-2021
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43212Electrical installation work in industrial facilities
43221Plumbing work
Sources
Crossroads Bank for EnterprisesNational Bank · 3 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.
Contact details
2 entriesWebsite:www.michielselectrotechnics.be
E-mail:michielselectrotechnics@outlook.be