M & W
M & W has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.42M and a net result of €52k. Equity is shrinking by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 7538 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
| Equity | €3.42M |
| Net result | €52k |
| Better than sector | 95% |
| Active | 27 yrs |
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 98.4% | 50.9% | |
| Net result | €52k | €16k | |
| Equity | €3.42M | €58k | |
| Gross operating margin | €61k | €40k | |
| Total assets | €3.47M | €140k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - |
| EBITDA | €59k | €52k | €234k | €293k |
| Net profit | €52k | €41k | €148k | €183k |
| Cash flow | €79k | €68k | €169k | €203k |
| Staff costs | - | - | - | €-19 |
| Income taxes | €16k | €11k | €70k | €86k |
| Dividends | - | - | - | - |
| Total assets | €3.47M | €3.50M | €3.46M | €4.43M |
| Equity | €3.42M | €3.39M | €3.38M | €4.38M |
| Debt | €55k | €106k | €73k | €50k |
| of which ≤ 1y | €55k | €98k | €73k | €50k |
| of which > 1y | - | - | - | - |
| Working capital | €2.82M | €2.78M | €2.80M | €3.85M |
| Employees (FTE) | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 52.06 | 29.48 | 39.17 | 77.57 |
| Quick ratio | 52.06 | 29.48 | 39.17 | 77.57 |
| Working capital ratio | 81.3% | 79.6% | 81.0% | 86.9% |
| Solvency | 98.4% | 97.0% | 97.9% | 98.9% |
| Debt / equity | 0.02 | 0.03 | 0.02 | 0.01 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | 38.69 | 83.10 | 61.96 | 43.15 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 1.5% | 1.2% | 4.3% | 4.1% |
| ROE | 1.5% | 1.2% | 4.4% | 4.2% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (23 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €3.47M | €3.50M | €3.46M | €4.43M |
| Fixed assets | 21/28 | €595k | €618k | €585k | €529k |
| Tangible fixed assets | 22/27 | €595k | €618k | €585k | €529k |
| Current assets | 29/58 | €2.88M | €2.88M | €2.87M | €3.90M |
| Amounts receivable within one year | 40/41 | €1.43M | €1.35M | €1.17M | €1.32M |
| Investments | 50/53 | €1.00M | €1.45M | - | - |
| Cash & bank | 54/58 | €441k | €53k | €1.69M | €2.57M |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €3.47M | €3.50M | €3.46M | €4.43M |
| Equity | 10/15 | €3.42M | €3.39M | €3.38M | €4.38M |
| Contributions / capital | 10/11 | €74k | €74k | €74k | €1.22M |
| Reserves | 13 | €3.34M | €3.32M | €3.31M | €3.16M |
| Accumulated profits (losses) | 14 | - | - | €306 | €306 |
| Amounts payable | 17/49 | €55k | €106k | €73k | €50k |
| Amounts payable within one year | 42/48 | €55k | €98k | €73k | €50k |
| Trade debts payable within one year | 44 | €18k | €61k | €73k | €25k |
| Income statement | |||||
| Gross operating margin | 9900 | €61k | €54k | €236k | €295k |
| Operating result | 9901 | €32k | €25k | €212k | €273k |
| Financial income | 75 | €37k | €29k | €9k | €2k |
| Financial charges | 65 | €2k | €621 | €4k | €7k |
| Result before taxes | 9903 | €68k | €52k | €217k | €269k |
| Income taxes | 67/77 | €16k | €11k | €70k | €86k |
| Net result for the period | 9904 | €52k | €41k | €148k | €183k |
| Result to be appropriated | 9905 | €52k | €41k | €148k | €183k |
| NACE primary | Other business support services(82990) |
| Legal form | Public limited company(014) |
| Incorporation | 12-10-1998 |
| Status | Active |
| Postal code | 9080 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44077B0003/00F000 | Flanders | 3,784 m² | 1 · 2,066 m² | 7.3 m · 2 fl. |
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
06-05-2022 Capital increase of €1,143,631.94 to €1,218,000
- €74.368,06 → €1.218.000
- 2 kapitaalbewegingen in deze akte
Technical details
{
"events": [
{
"kind": "capital_increase",
"after_eur": 1218000.0,
"delta_eur": 1143631.94,
"before_eur": 74368.06,
"share_emission": {
"agio_eur": null,
"share_form": "no_nominal_value",
"share_class": null,
"n_new_shares": null,
"with_new_shares": false,
"nominal_value_eur": null,
"issue_price_per_share_eur": null
},
"decrease_purpose": null,
"contribution_type": "kapitalisering_reserves",
"paid_up_delta_eur": 1143631.94,
"n_shares_destroyed": null,
"not_yet_called_eur": null,
"merger_new_shares_n": null,
"merger_exchange_ratio": null,
"distribution_amount_eur": null,
"statutory_unavailable_equity_op": "convert_to_apports_non_appeles"
},
{
"kind": "capital_decrease",
"after_eur": 74368.06,
"delta_eur": -1143631.94,
"before_eur": 1218000.0,
"share_emission": {
"agio_eur": null,
"share_form": null,
"share_class": null,
"n_new_shares": null,
"with_new_shares": false,
"nominal_value_eur": null,
"issue_price_per_share_eur": null
},
"decrease_purpose": "distribution_to_shareholders",
"contribution_type": "inkoop_eigen_aandelen",
"paid_up_delta_eur": null,
"n_shares_destroyed": null,
"not_yet_called_eur": null,
"merger_new_shares_n": null,
"merger_exchange_ratio": null,
"distribution_amount_eur": null,
"statutory_unavailable_equity_op": null
}
],
"notary": {
"name": "Ann DE PAEPE",
"firm_city": null,
"firm_name": "DE PAEPE \u0026 VERHOEVE, GEASSOCIEERDE NOTARISSEN",
"office_city": "Gent",
"is_associated": true
},
"act_meta": {
"language": "nl",
"pub_date": "2022-05-06",
"filing_date": "2022-05-04",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"act_date": "2022-05-03",
"unanimous": true,
"under_authorized_capital": true,
"underlying_resolution_date": "2014-03-24"
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0464.322.865",
"name_full": "M \u0026 W",
"legal_form": "Naamloze vennootschap",
"is_foreign_registered": false
},
"publication_proxy": {
"kind": "none",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [
"Uitgifte van proces-verbaal van buitengewone algemene vergadering dd. 03/05/2022",
"volmacht en verzaking dd. 25/04/2022",
"volmacht dd. 25/04/2022",
"volmacht dd. 25/04/2022",
"co\u00F6rdinatie der statuten dd. 04/05/2022"
],
"shareholders_after": [],
"share_classes_after": [
{
"n_shares": 1000,
"class_name": "Aandelen",
"capital_share_eur": 74368.06,
"voting_rights_per_share": 1.0
}
]
}| Legal nameNL | M & W |