M2GI Engineering
ActiveM2GI Engineering has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €53k and a net result of €3k. Equity is growing by ~10.7% per year across the filed fiscal years. Its solvency ranks better than 43% of 3478 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability53▼-46
Solvency68▲+4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 4.89 against 4.23 in 2024; short-term debt: 17.1% and cash: 13.3% of total assets), but 57.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Sector 74
lower
← 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
42.5%
Return on assets
2.1%
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 17-07-2026, 14 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
14 d early
2024
on the day
2023
27 d late
2022
7 d early
2021
72 d early
2020
43 d early
2019
26 d late
← 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
€53k▲ 3.6%
2024 · €51k
2018: €28k
2019: €37k
2020: €41k
2021: €58k
2022: €78k
2023: €87k
2024: €51k
2018 → 2025
Total assets
€125k▼ 4.9%
2024 · €132k
2018: €40k
2019: €41k
2020: €52k
2021: €71k
2022: €96k
2023: €111k
2024: €132k
2018 → 2025
Net result
€3k▼ 91.6%
2024 · €32k
2018: €21k
2019: €-3k
2020: €4k
2021: €18k
2022: €23k
2023: €10k
2024: €32k
2018 → 2025
Working capital
€83k▲ 7.0%
2024 · €78k
2018: €23k
2019: €22k
2020: €30k
2021: €54k
2022: €72k
2023: €79k
2024: €78k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€58k-€78k▲ 34.6%€87k▲ 11.3%€51k▼ 40.6%€53k▲ 3.6%
Operating result€24k-€29k▲ 18.8%€16k▼ 46.1%€34k▲ 116%€5k▼ 86.5%
Net result€18k-€23k▲ 23.2%€10k▼ 53.8%€32k▲ 205%€3k▼ 91.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 86% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €125k
Fixed assets
€21k▼ 31.0%
Current assets
€105k▲ 2.7%
Equity and liabilities €125k
Equity
€53k▲ 3.6%
Debt
€72k▼ 10.4%
The debt ratio falls from 60.9% to 57.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€16k▼
2024 · €38k
Cash flow
€14k▼
2024 · €36k
Solvency
42.5%▲
2024 · 39.1%
Current ratio
4.89▲
2024 · 4.23
Quick ratio
4.89▲
2024 · 4.23
Debt / equity
1.35▼
2024 · 1.56
ROE
5.0%▼
2024 · 61.9%
ROA
2.1%▼
2024 · 24.2%
Interest coverage
3.82▼
2024 · 71.29
Debt
€72k▼
2024 · €80k
Debt ≤ 1 year
€21k▼
2024 · €24k
Debt > 1 year
€51k▼
2024 · €56k
Income taxes
€2k▼
2024 · €12k
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€132k€125k▼
Fixed assets21/28€30k€21k▼
Tangible fixed assets22/27€30k€21k▼
Plant, machinery and equipment23€6k€3k▼
Furniture and vehicles24€22k€17k▼
Other tangible fixed assets26€959€628▼
Financial fixed assets28€25€25=
Current assets29/58€102k€105k▲
Amounts receivable within one year40/41€10k€9k▼
Trade receivables40€7k€4k▼
Other amounts receivable41€3k€5k▲
Current investments50/53€74k€72k▼
Cash at bank and in hand54/58€9k€17k▲
Deferred charges and accrued income490/1€9k€7k▼
Equity and liabilities
Total equity and liabilities10/49€132k€125k▼
Equity10/15€51k€53k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€31k€33k▲
Amounts payable17/49€80k€72k▼
Amounts payable after more than one year17€56k€51k▼
Other amounts payable178/9€56k€51k▼
Amounts payable within one year42/48€24k€21k▼
Financial debts43-€192
Credit institutions430/8-€192
Trade debts44€4k€3k▼
Suppliers440/4€4k€3k▼
Advances received on contracts in progress46€3k€484▼
Taxes, remuneration and social security45€10k€7k▼
Taxes450/3€8k€7k▼
Remuneration and social security454/9€2k-
Other amounts payable47/48€6k€11k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€12k▲
Other operating charges640/8€1k€641▼
Gross operating margin9900€39k€17k▼
Operating profit (loss)9901€34k€5k▼
Financial income75/76B€11k€4k▼
Recurring financial income75€11k€4k▼
Financial charges65/66B€529€4k▲
Recurring financial charges65€529€4k▲
Profit (loss) for the period before taxes9903€44k€5k▼
Income taxes67/77€12k€2k▼
Profit (loss) for the period9904€32k€3k▼
Profit (loss) for the period to be appropriated9905€32k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€98k€34k▼
Profit (loss) brought forward from the previous period14P€66k€31k▼
Profit to be distributed694/7€67k€833▼
Return on contributions (dividend)694€67k€833▼
The notes to these accounts (8 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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €32k ▲205%
Operating result €34k, net result €32k, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
31-12
Financial
Weakest financial yearnet €-3k ▼114%
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 6.15
Current ratio from 2.90 to 6.15; short-term debt falls from €12k to €4k.
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 12 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Perwez · 1 establishment unit since 2017
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.
Rue de Brabant 301360 PerwezGround area
166 m²
Building footprint
90 m²
Volume, LiDAR
865 m³
Parcel 25084B0633/00K000, Wallonia · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
M2GI ENGINEERING
since 20172.260.651.217
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25084B0633/00K000 | Wallonia | 166 m² | 1 · 90 m² | 11.9 m · 3 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
Legal Entity Identifier
8945005VJPM3C1D6YC90
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Of 4,567 companies in sector 74999 we hold annual accounts for 1,938. 1,541 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-01-2017
Fiscal year end31-12
Activities, NACEBEL
74909Other professional, scientific and technical activities
74999Other professional, scientific and technical activities
70200Business and other management consultancy
70220Business consulting
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 8 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 entriesWebsite:www.m2gi.be
E-mail:mgillion@m2gi.be