M. et G. FILSFILS
ActiveM. et G. FILSFILS has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.96M and a net result of €440k. Equity is growing by ~14% per year across the filed fiscal years. Its solvency ranks better than 87% of 4137 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▲+39
Solvency100=
Growth61▲+17
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €230k at 30 days acceptable
Liquidity ample (current ratio 4.16 against 4.18 in 2024; short-term debt: 23% and cash: 1.2% of total assets), and 23% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
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
77%
Return on assets
11.4%
Age of the figures
9 mo
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
15 d early
2023
30 d early
2022
31 d early
2021
3 d late
2020
3 d early
2019
2 d early
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€7.16M▼ 12.1%
2021 · €8.15M
2019: €7.59M
2020: €8.54M
2021: €8.15M
2019 → 2022
EBIT margin
10.8%▲ 3.6pp
2021 · 7.2%
2019: 13.9%
2020: 11.9%
2021: 7.2%
2019 → 2022
Net result
€440k▲ 2,027%
2024 · €21k
2018: €114k
2019: €734k
2020: €760k
2021: €443k
2022: €592k
2023: €162k
2024: €21k
2018 → 2025
Working capital
€2.79M▲ 6.9%
2024 · €2.61M
2018: €298k
2019: €1.09M
2020: €1.80M
2021: €2.10M
2022: €2.69M
2023: €2.59M
2024: €2.61M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€8.15M-€7.16M▼ 12.1%
Equity€2.30M-€2.89M▲ 25.8%€2.75M▼ 4.8%€2.77M▲ 0.8%€2.96M▲ 6.9%
Operating result€583k-€773k▲ 32.7%€171k▼ 77.9%€-21k€549k
Net result€443k-€592k▲ 33.7%€162k▼ 72.6%€21k▼ 87.3%€440k▲ 2,027%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €549k after a loss of €21k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.85M
Fixed assets
€175k▲ 6.5%
Current assets
€3.67M▲ 7.0%
Equity and liabilities €3.85M
Equity
€2.96M▲ 6.9%
Debt
€884k▲ 7.6%
The debt ratio rises from 22.8% to 23.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€593k▲
2024 · €24k
Cash flow
€484k▲
2024 · €65k
Solvency
77.0%▼
2024 · 77.2%
Current ratio
4.16▼
2024 · 4.18
Quick ratio
1.54▲
2024 · 1.05
Debt / equity
0.30▲
2024 · 0.30
ROE
14.8%▲
2024 · 0.7%
ROA
11.4%▲
2024 · 0.6%
Interest coverage
68.97▲
2024 · 2.89
Debt
€884k▲
2024 · €822k
Debt ≤ 1 year
€884k▲
2024 · €821k
Income taxes
€159k▲
2024 · €12k
Staff costs
€799k▲
2024 · €598k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.60M€3.85M▲
Fixed assets21/28€164k€175k▲
Tangible fixed assets22/27€164k€175k▲
Plant, machinery and equipment23€32k€20k▼
Furniture and vehicles24€27k€46k▲
Other tangible fixed assets26€105k€109k▲
Current assets29/58€3.43M€3.67M▲
Stocks and contracts in progress3€2.57M€2.31M▼
Stocks30/36€2.57M€2.31M▼
Amounts receivable within one year40/41€772k€1.31M▲
Trade receivables40€74k€68k▼
Other amounts receivable41€698k€1.24M▲
Cash at bank and in hand54/58€75k€46k▼
Deferred charges and accrued income490/1€13k€9k▼
Equity and liabilities
Total equity and liabilities10/49€3.60M€3.85M▲
Equity10/15€2.77M€2.96M▲
Contributions10/11€200k€200k=
Capital10€200k€200k=
Issued capital100€200k€200k=
Outside capital11€92€92=
Share premium1100/10€92€92=
Reserves13€45k€45k=
Non-distributable reserves130/1€20k€20k=
Legal reserve130€20k€20k=
Tax-exempt reserves132€25k€25k=
Profit (loss) carried forward14€2.53M€2.72M▲
Amounts payable17/49€822k€884k▲
Amounts payable within one year42/48€821k€884k▲
Trade debts44€664k€559k▼
Suppliers440/4€664k€559k▼
Advances received on contracts in progress46€31k€10k▼
Taxes, remuneration and social security45€123k€312k▲
Taxes450/3€34k€172k▲
Remuneration and social security454/9€89k€140k▲
Other amounts payable47/48€3k€3k▼
Accrued charges and deferred income492/3€206-
Income statement
Code20242025
Remuneration, social security and pensions62€598k€799k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44k€44k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€11k€25k▲
Other operating charges640/8€5k€6k▲
Gross operating margin9900€637k€1.42M▲
Operating profit (loss)9901€-21k€549k▲
Financial income75/76B€62k€59k▼
Recurring financial income75€62k€59k▼
Financial charges65/66B€8k€9k▲
Recurring financial charges65€8k€9k▲
Profit (loss) for the period before taxes9903€33k€599k▲
Income taxes67/77€12k€159k▲
Profit (loss) for the period9904€21k€440k▲
Profit (loss) for the period to be appropriated9905€21k€440k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2.53M€2.97M▲
Profit (loss) brought forward from the previous period14P€2.51M€2.53M▲
Profit to be distributed694/7-€250k
Return on contributions (dividend)694-€250k
Social balance
Average headcount (FTE)908715.918.9▲
The notes to these accounts (7 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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €21k ▼87.3%
Net result drops to €21k, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 3 days late
2021
31-12
Financial
Equity above €2MEq €2.30M ▲23.9%
4 profitable years in a row build equity to €2.30M.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €760k ▲3.6%
Net result €760k, the highest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €1MEq €1.10M ▲203%
2 profitable years in a row build equity to €1.10M.
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 6 days late
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 8 days late
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2019
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
01-10-2019
Benjamin FILSFILS: Resigned as Director
01-10-2019
Gérard FILSFILS: Resigned as Director
01-10-2019
Quentin FILSFILS: Resigned as Director
19-04-2013
SPRL BRICOFILS: Resigned as Director
Location & real-estate footprint
Registered office, Ciney · 1 establishment unit since 1989
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.
Avenue Schlogel 1155590 CineyGround area
1.9 ha
Building footprint
5,821 m²
Parcel 91030B0310/00R008, Wallonia. Linked by address, not a title deed.
1 establishment unit
Avenue Schlogel 115, 5590 Ciney
since 19892.042.145.057
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91030B0310/00R008 | Wallonia | 1.9 ha | 1 · 5,821 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteCiney2.042.145.057
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Of 301 companies in sector 47525 we hold annual accounts for 207. 103 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded19-12-1988
Fiscal year end31-12
Activities, NACEBEL
47521Retail sale of hardware, building materials, paint and glass (general range)
47525Retail trade
52462
52461
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.