M Engineering
ActiveSummary
M Engineering has been active since 2010 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2025 annual accounts show equity of €288,142 and a net result of €41,562. Equity is growing by ~20.7% per year across the filed fiscal years. Its solvency ranks better than 72% of 1007 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▼-3
Solvency90▲+3
Growth78=
Track record92
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23,000 at 30 days acceptable
Liquidity ample (current ratio 7.15 against 7.42 in 2024; short-term debt: 7.1% and cash: 23.2% of total assets), and 35.2% of the assets are financed with debt.
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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 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← 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
64.8%
Return on assets
9.4%
Age of the figures
12 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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
364 d late
2023
233 d late
2022
599 d late
2021
1 d early
2020
31 d early
2019
69 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 156 days after the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 41% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Strikeout withdrawal
Checked, nothing found (1)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 20 December (4 of the last 5 filed years within 235 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#6 company by equity in Walhain, Construction sector
Equity
€288,142▲ 7.7%
2024 · €267,580
Total assets
€444,325▲ 3.5%
2024 · €429,463
Net result
€41,562▼ 13.1%
2024 · €47,846
Working capital
€193,297▲ 10.7%
2024 · €174,555
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 42, Civil engineering, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€41,052▼ 1.2%€41,394▲ 0.8%€54,658▲ 32.0%€72,026▲ 31.8%€63,755▼ 11.5%
Net result€28,146within the sector's middle half▲ 9.1%€27,361within the sector's middle half▼ 2.8%€36,969above the sector's middle half▲ 35.1%€47,846above the sector's middle half▲ 29.4%€41,562above the sector's middle half▼ 13.1%
Equity€155,403above the sector's middle half▲ 22.1%€182,764above the sector's middle half▲ 17.6%€219,734above the sector's middle half▲ 20.2%€267,580above the sector's middle half▲ 21.8%€288,142above the sector's middle half▲ 7.7%
Total assets€251,696within the sector's middle half▲ 50.1%€318,521within the sector's middle half▲ 26.5%€389,479above the sector's middle half▲ 22.3%€429,463above the sector's middle half▲ 10.3%€444,325above the sector's middle half▲ 3.5%
Debt€96,293▲ 138%€135,757▲ 41.0%€169,745▲ 25.0%€161,883▼ 4.6%€156,183▼ 3.5%
Working capital€57,462within the sector's middle half▼ 51.4%€73,066within the sector's middle half▲ 27.2%€145,824above the sector's middle half▲ 99.6%€174,555above the sector's middle half▲ 19.7%€193,297above the sector's middle half▲ 10.7%
Solvency61.7%within the sector's middle half▼ 14.1pp57.4%within the sector's middle half▼ 4.4pp56.4%within the sector's middle half▼ 1.0pp62.3%within the sector's middle half▲ 5.9pp64.8%within the sector's middle half▲ 2.5pp
Current ratio1.60within the sector's middle half▼ 2.412.20within the sector's middle half▲ 0.606.80above the sector's middle half▲ 4.607.42above the sector's middle half▲ 0.627.15above the sector's middle half▼ 0.27
Return on assets (ROA)11.2%within the sector's middle half▼ 4.2pp8.6%within the sector's middle half▼ 2.6pp9.5%within the sector's middle half▲ 0.9pp11.1%within the sector's middle half▲ 1.6pp9.4%within the sector's middle half▼ 1.8pp
above
within
below
the middle half (P25 to P75) of NACE 42, Civil engineering, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 11% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €444,325
Fixed assets
€219,581 ▼ 3.6%
Current assets
€224,744 ▲ 11.4%
Equity and liabilities €444,325
Equity
€288,142 ▲ 7.7%
Debt
€156,183 ▼ 3.5%
Debt's share of the balance-sheet total falls from 37.7% to 35.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€73,078▼
2024 · €81,231
Cash flow
€50,885▼
2024 · €57,051
Debt to equity
0.54▼
2024 · 0.60
ROE
14.4%▼
2024 · 17.9%
Interest coverage
33.86▲
2024 · 32.27
Debt ≤ 1 year
€31,447▲
2024 · €27,185
Debt > 1 year
€124,736▼
2024 · €134,698
Income taxes
€21,522▼
2024 · €23,799
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,696 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,516 | €7,176 | €8,175 | €9,205 | €9,323 | ▲ 1.3% |
| Other operating charges640/8 | €670 | €432 | €619 | €938 | €1,687 | ▲ 79.9% |
| Gross operating margin9900 | €49,237 | €49,002 | €63,452 | €82,169 | €74,765 | ▼ 9.0% |
| Operating profit (loss)9901 | €41,052 | €41,394 | €54,658 | €72,026 | €63,755 | ▼ 11.5% |
| Financial income75/76B | €924 | €970 | €1,646 | €2,136 | €1,487 | ▼ 30.4% |
| Recurring financial income75 | €924 | €970 | €1,646 | €2,136 | €1,487 | ▼ 30.4% |
| Financial charges65/66B | €109 | €1,426 | €1,899 | €2,517 | €2,158 | ▼ 14.3% |
| Recurring financial charges65 | €109 | €1,426 | €1,899 | €2,517 | €2,158 | ▼ 14.3% |
| Profit (loss) for the period before taxes9903 | €41,867 | €40,938 | €54,405 | €71,645 | €63,084 | ▼ 11.9% |
| Income taxes67/77 | €13,721 | €13,577 | €17,436 | €23,799 | €21,522 | ▼ 9.6% |
| Profit (loss) for the period9904 | €28,146 | €27,361 | €36,969 | €47,846 | €41,562 | ▼ 13.1% |
| Profit (loss) for the period to be appropriated9905 | €28,146 | €27,361 | €36,969 | €47,846 | €41,562 | ▼ 13.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €251,696 | €318,521 | €389,479 | €429,463 | €444,325 | ▲ 3.5% |
| Fixed assets21/28 | €97,941 | €184,338 | €218,507 | €227,723 | €219,581 | ▼ 3.6% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €97,941 | €184,338 | €218,507 | €227,723 | €219,581 | ▼ 3.6% |
| Land and buildings22 | €91,544 | €181,139 | €218,507 | €210,531 | €202,554 | ▼ 3.8% |
| Furniture and vehicles24 | €6,397 | €3,199 | €0 | €17,192 | €17,027 | ▼ 1.0% |
| Current assets29/58 | €153,755 | €134,183 | €170,972 | €201,740 | €224,744 | ▲ 11.4% |
| Amounts receivable within one year40/41 | €72,696 | €114,716 | €82,678 | €115,670 | €105,272 | ▼ 9.0% |
| Trade receivables40 | €32,980 | €66,220 | €11,295 | €28,855 | €29,685 | ▲ 2.9% |
| Other amounts receivable41 | €39,716 | €48,496 | €71,383 | €86,815 | €75,587 | ▼ 12.9% |
| Current investments50/53 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Cash at bank and in hand54/58 | €70,264 | €7,703 | €74,892 | €70,753 | €103,059 | ▲ 45.7% |
| Deferred charges and accrued income490/1 | €795 | €1,764 | €3,402 | €5,317 | €6,413 | ▲ 20.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €251,696 | €318,521 | €389,479 | €429,463 | €444,325 | ▲ 3.5% |
| Equity10/15 | €155,403 | €182,764 | €219,734 | €267,580 | €288,142 | ▲ 7.7% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Capital10 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Issued capital100 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Uncalled capital101 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €75,860 | €102,860 | €138,860 | €186,660 | €205,660 | ▲ 10.2% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €74,000 | €101,000 | €137,000 | €184,800 | €203,800 | ▲ 10.3% |
| Profit (loss) carried forward14 | €67,143 | €67,504 | €68,474 | €68,520 | €70,082 | ▲ 2.3% |
| Amounts payable17/49 | €96,293 | €135,757 | €169,745 | €161,883 | €156,183 | ▼ 3.5% |
| Amounts payable after more than one year17 | - | €74,640 | €144,597 | €134,698 | €124,736 | ▼ 7.4% |
| Financial debts170/4 | - | €74,640 | €144,597 | €134,698 | €124,736 | ▼ 7.4% |
| Amounts payable within one year42/48 | €96,293 | €61,117 | €25,148 | €27,185 | €31,447 | ▲ 15.7% |
| Current portion of amounts payable after more than one year42 | - | - | €9,766 | €9,899 | €10,792 | ▲ 9.0% |
| Trade debts44 | €94,691 | €52,965 | €3,071 | €6,112 | €6,553 | ▲ 7.2% |
| Suppliers440/4 | €94,691 | €52,965 | €3,071 | €6,112 | €6,553 | ▲ 7.2% |
| Taxes, remuneration and social security45 | €1,602 | €8,152 | €12,311 | €11,174 | €14,102 | ▲ 26.2% |
| Taxes450/3 | €42 | €7,493 | €12,311 | €11,174 | €10,973 | ▼ 1.8% |
| Remuneration and social security454/9 | €1,560 | €659 | - | - | €3,129 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,146 | €27,361 | €36,969 | €47,846 | €41,562 | ▼ 13.1% |
| + Depreciation and write-downs630 | €7,516 | €7,176 | €8,175 | €9,205 | €9,323 | ▲ 1.3% |
| Operating cash flow (approximation) | €35,662 | €34,537 | €45,144 | €57,051 | €50,885 | ▼ 10.8% |
| Investment in fixed assets (approximation) | - | -€93,573 | -€42,344 | -€18,421 | -€1,181 | ▲ 93.6% |
| Change in cash | - | -€62,561 | €67,189 | -€4,139 | €32,306 | ▲ 881% |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 364 days late
2024
19-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 233 days late
19-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 599 days late
30-09
Financial
Highest result since 2018net €47,846 ▲29.4%
Operating result €72,026, net result €47,846, both a record.
2023
30-09
Financial
Liquidity triplescurrent ratio 6.80
Current ratio from 2.20 to 6.80; short-term debt falls from €61,117 to €25,148.
30-09
Financial
Equity above €200,000Eq €219,734 ▲20.2%
6 profitable years in a row build equity to €219,734.
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Equity above €150,000Eq €155,403 ▲22.1%
4 profitable years in a row build equity to €155,403.
30-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
21-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Equity above €100,000Eq €101,461 ▲26.8%
2 profitable years in a row build equity to €101,461.
Show earlier events
17-06
KBO administration
Strikeout withdrawal
event 28-05-2019
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
28-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 393 days late
28-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 758 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Walhain · 1 establishment unit since 2010
Ground area
1,005 m²
Building footprint
141 m²
Volume, LiDAR
1,088 m³
Parcel 25109G0116/00C003, Wallonia · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
M Engineering
since 20102.188.293.076
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25109G0116/00C003 | Wallonia | 1,004 m² | 1 · 141 m² | 10.0 m · 3 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.
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Of 154 companies in sector 42911 we hold annual accounts for 64. 38 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 (pre-2019)
Founded02-02-2010
Fiscal year end30-09
Activities, NACEBEL 2025
42911Civil engineering
E-invoicing
Reachable via Peppol
Peppol ID
0208:0822816257
Also
9925:BE0822816257
Registered
07-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.