M-WZ
ActiveThe computed 12-month bankruptcy probability of M-WZ is 2.1% (moderate). The 2025 annual accounts show equity of €509k and a net result of €371k. Equity is growing by ~105.3% per year across the filed fiscal years. Its solvency ranks better than 55% of 11297 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+20
Solvency74▲+28
Growth78=
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 1.71 against 0.94 in 2024; short-term debt: 50.3% and cash: 46.2% of total assets), but 51.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+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
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
48.5%
Return on assets
35.4%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-09-2026, 45 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
45 d late
2024
31 d late
2023
on the day
2022
on the day
2021
on the day
← 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€509k▲ 269%
2024 · €138k
2021: €26k
2022: €34k
2023: €82k
2024: €138k
2021 → 2025
Total assets
€1.05M▲ 62.2%
2024 · €646k
2021: €97k
2022: €222k
2023: €577k
2024: €646k
2021 → 2025
Net result
€371k▲ 557%
2024 · €56k
2021: €16k
2022: €9k
2023: €45k
2024: €56k
2021 → 2025
Working capital
€373k
2024 · €-27k
2021: €17k
2022: €4k
2023: €-61k
2024: €-27k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€26k-€34k▲ 32.8%€82k▲ 137%€138k▲ 69.1%€509k▲ 269%
Operating result€16k-€9k▼ 44.9%€56k▲ 529%€75k▲ 35.4%€402k▲ 432%
Net result€16k-€9k▼ 46.6%€45k▲ 426%€56k▲ 26.0%€371k▲ 557%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 432% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.02M
Fixed assets
€120k▼ 21.6%
Current assets
€900k▲ 95.2%
Equity and liabilities €1.05M
Equity
€509k▲ 269%
Debt
€539k▲ 6.1%
The debt ratio falls from 78.6% to 51.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€452k▲
2024 · €119k
Cash flow
€421k▲
2024 · €100k
Solvency
48.5%▲
2024 · 21.4%
Current ratio
1.71▲
2024 · 0.94
Quick ratio
1.60▲
2024 · 0.86
Debt / equity
1.06▼
2024 · 3.68
ROE
72.9%▲
2024 · 40.9%
ROA
35.4%▲
2024 · 8.7%
Interest coverage
356.69▲
2024 · 98.26
Debt
€539k▲
2024 · €508k
Debt ≤ 1 year
€527k▲
2024 · €488k
Debt > 1 year
€13k▼
2024 · €20k
Income taxes
€30k▲
2024 · €18k
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€646k€1.05M▲
Formation expenses20€32k€28k▼
Fixed assets21/28€153k€120k▼
Tangible fixed assets22/27€138k€105k▼
Land and buildings22€3k€2k▼
Plant, machinery and equipment23€32k€19k▼
Furniture and vehicles24€103k€84k▼
Financial fixed assets28€15k€15k=
Current assets29/58€461k€900k▲
Stocks and contracts in progress3€40k€55k▲
Stocks30/36€40k€55k▲
Amounts receivable within one year40/41€119k€361k▲
Trade receivables40€98k€356k▲
Other amounts receivable41€20k€5k▼
Cash at bank and in hand54/58€302k€484k▲
Equity and liabilities
Total equity and liabilities10/49€646k€1.05M▲
Equity10/15€138k€509k▲
Contributions10/11€10k€10k=
Reserves13€60k€360k▲
Tax-exempt reserves132-€300k
Distributable reserves133€60k€60k=
Profit (loss) carried forward14€68k€139k▲
Amounts payable17/49€508k€539k▲
Amounts payable after more than one year17€20k€13k▼
Financial debts170/4€20k€13k▼
Amounts payable within one year42/48€488k€527k▲
Current portion of amounts payable after more than one year42€118-
Financial debts43€230€230=
Credit institutions430/8€230€230=
Trade debts44€434k€484k▲
Suppliers440/4€434k€484k▲
Taxes, remuneration and social security45€17k€41k▲
Taxes450/3€16k€37k▲
Remuneration and social security454/9€673€5k▲
Other amounts payable47/48€37k€1k▼
Income statement
Code20242025
Remuneration, social security and pensions62€8k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44k€51k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€12k€33k▲
Other operating charges640/8€69k€1k▼
Gross operating margin9900€208k€487k▲
Operating profit (loss)9901€75k€402k▲
Financial income75/76B€1€388▲
Recurring financial income75€1€388▲
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€74k€401k▲
Income taxes67/77€18k€30k▲
Profit (loss) for the period9904€56k€371k▲
Profit (loss) for the period to be appropriated9905€56k€371k▲
Appropriation of the result
Profit (loss) to be appropriated9906€98k€439k▲
Profit (loss) brought forward from the previous period14P€42k€68k▲
Transfer to equity691/2€30k€300k▲
To other reserves6921€30k€300k▲
The notes to these accounts (9 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
14-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 45 days late
2025
31-12
Financial
Highest result since 2021net €371k ▲557%
Operating result €402k, net result €371k, both a record.
31-12
Financial
Equity above €500kEq €509k ▲269%
5 profitable years in a row build equity to €509k.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Equity above €100kEq €138k ▲69.1%
4 profitable years in a row build equity to €138k.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €9k ▼46.6%
Net result drops to €9k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
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, Etterbeek · 1 establishment unit since 2020
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.
Bollandistenstraat 611040 EtterbeekGround area
97 m²
Building footprint
100 m²
Volume, LiDAR
1,537 m³
Parcel 21362B0285/00H000, Brussels · tallest building 18.2 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
M-WZ
since 20202.312.060.128
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21362B0285/00H000 | Brussels | 97 m² | 1 · 100 m² | 18.1 m · 5 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEtterbeek2.312.060.128
Similar companies · same sector, comparable size
ZOMA
BE 0866.326.004
Braine-l'Alleud · Eq €508k
Walter Drossaert
BE 0475.387.793
Essen · Eq €507k
SERFISS
BE 0478.352.233
Linter · Eq €505k
DEVAN GROUP
BE 0846.165.741
Merchtem · Eq €516k
KNOWARE
BE 1006.033.421
Watermaal-Bosvoorde · Eq €517k
Of 6,155 companies in sector 46190 we hold annual accounts for 2,570. 1,523 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-12-2020
Fiscal year end31-12
Activities, NACEBEL
46190Agents in non-specialised wholesale trade
46322Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 5 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 entriesE-mail:contact@m-w-z.com
Phone:0487370385