M&J
ActiveSummary
M&J has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €44k and a net result of €-9k. Equity is shrinking by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 20% of 1316 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability15▼-19
Solvency41▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Liquidity short (current ratio 0.97 against 1.01 in 2024; short-term debt: 84.1% and cash: 0.6% of total assets), and 84.1% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
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 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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 2025Solvency, return and age of the figures
Solvency
15.9%
Return on assets
-3.2%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-9k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 1316 sector peers (2025).
NBB · sector comparisonPosition among 1316 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-09-2026, 35 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
35 d late
2024
34 d early
2023
40 d early
2022
4 d early
2021
54 d late
2020
16 d late
2019
4 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, micro schema
Equity
€44k▼ 16.8%
2024 · €53k
Total assets
€279k▼ 7.2%
2024 · €301k
Net result
€-9k▼ 2,179%
2024 · €-395
Working capital
€-7k
2024 · €2k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-21k€-35k▼ 65.9%€10k€5k▼ 51.1%€-9k
Net result€-27k€-31k▼ 12.4%€6k€-395€-9k▼ 2,179%
Equity€79k▼ 25.9%€48k▼ 39.3%€54k▲ 12.7%€53k▼ 0.7%€44k▼ 16.8%
Total assets€413k▼ 6.0%€297k▼ 28.1%€297k▲ 0.1%€301k▲ 1.4%€279k▼ 7.2%
Debt€334k▲ 0.4%€249k▼ 25.5%€243k▼ 2.4%€248k▲ 1.9%€235k▼ 5.1%
Working capital€-53k▼ 22.8%€-67k▼ 25.9%€15k€2k▼ 86.0%€-7k
Staff (FTE)1=0.5▼ 50.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €9k after €5k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €279k
Fixed assets
€52k ▲ 0.3%
Current assets
€228k ▼ 8.8%
Equity and liabilities €279k
Equity
€44k ▼ 16.8%
Debt
€235k ▼ 5.1%
Debt's share of the balance-sheet total rises from 82.3% to 84.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-4k▼
2024 · €9k
Cash flow
€-4k▼
2024 · €3k
Current ratio
0.97▼
2024 · 1.01
Quick ratio
0.56▼
2024 · 0.67
Debt to equity
5.29▲
2024 · 4.64
ROE
-20.3%▼
2024 · -0.7%
ROA
-3.2%▼
2024 · -0.1%
Interest coverage
-26.64▼
2024 · 1.90
Debt ≤ 1 year
€235k▼
2024 · €248k
Income taxes
€170▼
2024 · €697
Staff costs
€1k▲
2024 · €470
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €33k | €0 | - | - |
| Remuneration, social security and pensions62 | €43k | €18k | €3k | €470 | €1k | ▲ 160% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22k | €19k | €2k | €4k | €5k | ▲ 26.5% |
| Other operating charges640/8 | €3k | €2k | €1k | €561 | €476 | ▼ 15.1% |
| Gross operating margin9900 | €48k | €4k | €16k | €10k | €-2k | ▼ 121% |
| Operating profit (loss)9901 | €-21k | €-35k | €10k | €5k | €-9k | ▼ 280% |
| Financial income75/76B | €79 | €2 | €0 | €56 | €11 | ▼ 81.1% |
| Recurring financial income75 | €79 | €2 | €0 | €56 | €11 | ▼ 81.1% |
| Financial charges65/66B | €436 | €906 | €4k | €5k | €142 | ▼ 96.9% |
| Recurring financial charges65 | €436 | €906 | €4k | €5k | €142 | ▼ 96.9% |
| Profit (loss) for the period before taxes9903 | €-21k | €-35k | €6k | €302 | €-9k | ▼ 3,022% |
| Income taxes67/77 | €6k | €-5k | €0 | €697 | €170 | ▼ 75.6% |
| Profit (loss) for the period9904 | €-27k | €-31k | €6k | €-395 | €-9k | ▼ 2,179% |
| Profit (loss) for the period to be appropriated9905 | €-27k | €-31k | €6k | €-395 | €-9k | ▼ 2,179% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €413k | €297k | €297k | €301k | €279k | ▼ 7.2% |
| Fixed assets21/28 | €132k | €115k | €39k | €51k | €52k | ▲ 0.3% |
| Tangible fixed assets22/27 | €97k | €80k | €4k | €16k | €17k | ▲ 1.0% |
| Land and buildings22 | €80k | €75k | €0 | - | €5k | - |
| Plant, machinery and equipment23 | €17k | €4k | €3k | €15k | €11k | ▼ 28.4% |
| Furniture and vehicles24 | €0 | €1k | €1k | €877 | €565 | ▼ 35.5% |
| Financial fixed assets28 | €35k | €35k | €35k | €35k | €35k | = |
| Current assets29/58 | €281k | €182k | €258k | €250k | €228k | ▼ 8.8% |
| Stocks and contracts in progress3 | €96k | €96k | €89k | €85k | €97k | ▲ 14.2% |
| Stocks30/36 | - | - | €15k | €14k | €26k | ▲ 87.4% |
| Contracts in progress37 | €96k | €96k | €74k | €71k | €71k | = |
| Amounts receivable within one year40/41 | €77k | €67k | €88k | €140k | €128k | ▼ 8.5% |
| Trade receivables40 | €73k | €6k | €27k | €81k | €106k | ▲ 30.2% |
| Other amounts receivable41 | €4k | €62k | €61k | €59k | €22k | ▼ 61.9% |
| Cash at bank and in hand54/58 | €108k | €19k | €81k | €24k | €2k | ▼ 92.8% |
| Deferred charges and accrued income490/1 | - | - | - | €455 | €1k | ▲ 148% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €413k | €297k | €297k | €301k | €279k | ▼ 7.2% |
| Equity10/15 | €79k | €48k | €54k | €53k | €44k | ▼ 16.8% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €27k | €27k | €27k | €27k | €27k | = |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | €25k | €25k | €27k | €27k | €27k | = |
| Profit (loss) carried forward14 | €33k | €2k | €8k | €8k | €-1k | ▼ 115% |
| Amounts payable17/49 | €334k | €249k | €243k | €248k | €235k | ▼ 5.1% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - |
| Financial debts170/4 | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €334k | €249k | €243k | €248k | €235k | ▼ 5.1% |
| Current portion of amounts payable after more than one year42 | €2k | €0 | - | - | - | - |
| Trade debts44 | €33k | €4k | €741 | €8k | €4k | ▼ 56.6% |
| Suppliers440/4 | €33k | €4k | €741 | €8k | €4k | ▼ 56.6% |
| Taxes, remuneration and social security45 | €4k | €0 | €2k | €2k | €171 | ▼ 91.4% |
| Taxes450/3 | €0 | - | €2k | €2k | €171 | ▼ 91.4% |
| Remuneration and social security454/9 | €4k | €0 | - | - | - | - |
| Other amounts payable47/48 | €296k | €245k | €240k | €237k | €231k | ▼ 2.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-27k | €-31k | €6k | €-395 | €-9k | ▼ 2,179% |
| + Depreciation and write-downs630 | €22k | €19k | €2k | €4k | €5k | ▲ 26.5% |
| Operating cash flow (approximation) | €-5k | €-12k | €8k | €3k | €-4k | ▼ 217% |
| Investment in fixed assets (approximation) | - | €-2k | €74k | €-16k | €-5k | ▲ 68.3% |
| Change in cash | - | €-89k | €62k | €-57k | €-23k | ▲ 59.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 35 days late
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €6k
Net result €6k after 2 loss-making years.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-31k
Net result drops to €-31k, the lowest in the series; recovery starts the following year.
23-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 54 days late
2021
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
31-12
Financial
Equity above €100kEq €106k ▲8.5%
3 profitable years in a row build equity to €106k.
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
2017
19-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 50 days late
Financial 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Tielt · 1 establishment unit since 2001
Ground area
4,189 m²
Building footprint
1,328 m²
Volume, LiDAR
10,117 m³
Parcel 37322B0447/00G000, Flanders · tallest building 9.2 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Nijverheidsstraat 28, 8760 Tielt
since 20012.093.164.780
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37322B0447/00G000 | Flanders | 4,189 m² | 1 · 1,328 m² | 9.2 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.
Similar companies · same sector, comparable size
BIS
BE 0805.311.717
Antwerpen · Eq €44,588
ECAM
BE 0798.480.442
Gent · Eq €44,655
DADA-ELEC
BE 0779.828.530
Sint-Jans-Molenbeek · Eq €44,749
CYBERNETIC SYSTEMS
BE 0434.914.445
Mechelen · Eq €43,797
JONGENELEN ENGINEERING AND PROGRAMMING SERVICES
BE 0841.678.403
Stabroek · Eq €43,792
Of 1,226 companies in sector 33200 we hold annual accounts for 677. 468 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
Founded23-02-2001
Fiscal year end31-12
Activities, NACEBEL 2025
33200Installation of industrial machinery and equipment
Scores and ratios are computed by Checked and are not a credit decision.