Financials
- Financial year
- 2023
- Turnover
- €54,050
- Profit
- €3,013
- Solvency
- 39.6%
Turnover▲ 47.5%
Net result
20182023
M2 ENGINEERING
ActiveSummary
The computed 12-month bankruptcy probability of M2 ENGINEERING is 11.4% (high). For M2 ENGINEERING, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €50,086 and a net result of €3,013. Equity is shrinking by about 4.3% per year across the filed financial years. Its solvency ranks better than 49% of 8,826 sector peers (NACE 41, financial year 2023). The company has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
General construction of residential buildings
NACE 41001Activities of building architects NACE 71111
1 site
Size
€54,050turnover 2023
- Equity
- €50,086
- Profit
- €3,013
Financial health
- Bankruptcy probabilitywithin 12 months
- 11.4%
2023 figures too old to score
Structure
Accounts 438 days overdue0 of 1 deed read
Signalsraises risk2 financial years not filed after the legal deadline; latest accounts 203 days late; 3 of the last 3 lateFigures for financial year 2023 (filed 26-02-2025)Liquidity: current ratio 1.66, cash €3, halvedTwo or more financial years not filedFiled more than 90 days latelowers riskFounded in 2013Show the evidence
Bankruptcy probability
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: High
Filing: At least two filing cycles are missing
Financial strength, FY 2023 · tick = 2022
Weak
Solvency
65+4
equity 39.6% of total assets
Liquidity
19-29
short-term debt 60.4% · cash 0.0%
Profitability
43+37
return on assets 2.4%
Bankruptcy probability, 12 months
11.4%
High
0%0.5%1.5%4%10%≥ 25%
About 1 in 9 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 7.0%
12-2024: 8.4%▲ +1.4 percentage points vs 11-2024
01-2025: 10.0%▲ +1.6 percentage points vs 12-2024
02-2025: 10.0%● unchanged vs 01-2025
03-2025: 5.3%▼ -4.7 percentage points vs 02-2025
04-2025: 5.4%▲ +0.1 percentage points vs 03-2025
05-2025: 5.2%▼ -0.2 percentage points vs 04-2025
06-2025: 4.3%▼ -0.9 percentage points vs 05-2025lowest value
07-2025: 4.3%● unchanged vs 06-2025
08-2025: 5.0%▲ +0.7 percentage points vs 07-2025
09-2025: 5.4%▲ +0.4 percentage points vs 08-2025
10-2025: 7.1%▲ +1.7 percentage points vs 09-2025
11-2025: 7.0%▼ -0.1 percentage points vs 10-2025
12-2025: 8.4%▲ +1.4 percentage points vs 11-2025
01-2026: 10.0%▲ +1.6 percentage points vs 12-2025
02-2026: 10.0%● unchanged vs 01-2026
03-2026: 10.2%▲ +0.2 percentage points vs 02-2026
04-2026: 9.4%▼ -0.8 percentage points vs 03-2026
05-2026: 9.4%● unchanged vs 04-2026
06-2026: 9.4%● unchanged vs 05-2026
07-2026: 9.4%● unchanged vs 06-2026
08-2026: 11.4%▲ +2.0 percentage points vs 07-2026highest value
09-2026: 11.4%● unchanged vs 08-2026highest value
10-2026: 11.4%● unchanged vs 09-2026highest value
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Signals
Six signals.
lowers riskraises risk
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 year end31-07-2025 deadline12-10-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 19-02-2025, 203 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
203 days late
2022
217 days late
2021
92 days late
2020
115 days late
2019
166 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 159 days after the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2023 · micro…
- Annual accounts filedfinancial year 2022 · micro…
- Back to profitnet €3,013
Key points
By topic
Timeline
- Events
- 14
- Since
- 2015
- 31-12-2022Weakest financial year
- 31-12-2022Liquidity more than triples
- 31-10-2022Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company (pre-2019)
- Activity
- General construction of residential buildingsNACE 41001
- Founded
- 29-08-2013
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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