MBWF
ActiveMBWF has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €65k and a net result of €7k. Equity is growing by ~34% per year across the filed fiscal years. Its solvency ranks better than 95% of 1027 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
93
/ 100
Excellent▼ -3 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability52▼-48
Solvency100▲+14
Growth78=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 87.67 against 1.47 in 2024), and 0.6% 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 · 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← 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
99.4%
Return on assets
10.4%
Age of the figures
8 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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
12 d late
2023
3 d early
2022
7 d early
2021
2 d late
2020
2 d early
2019
39 d early
← 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€65k▲ 11.6%
2024 · €58k
2018: €24k
2019: €15k
2020: €-5k
2021: €-1k
2022: €26k
2023: €36k
2024: €58k
2018 → 2025
Total assets
€66k▼ 34.8%
2024 · €101k
2018: €60k
2019: €47k
2020: €21k
2021: €26k
2022: €40k
2023: €43k
2024: €101k
2018 → 2025
Net result
€7k▼ 69.6%
2024 · €22k
2018: €-10k
2019: €-8k
2020: €-20k
2021: €4k
2022: €27k
2023: €10k
2024: €22k
2018 → 2025
Working capital
€32k▲ 61.8%
2024 · €20k
2018: €4k
2019: €1k
2020: €-13k
2021: €-6k
2022: €24k
2023: €35k
2024: €20k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-1k-€26k€36k▲ 37.0%€58k▲ 61.8%€65k▲ 11.6%
Operating result€4k-€28k▲ 540%€11k▼ 60.9%€28k▲ 156%€12k▼ 57.3%
Net result€4k-€27k▲ 557%€10k▼ 64.4%€22k▲ 129%€7k▼ 69.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 57% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €66k
Fixed assets
€33k▼ 14.0%
Current assets
€32k▼ 47.7%
Equity and liabilities €66k
Equity
€65k▲ 11.6%
Debt
€369▼ 99.1%
The debt ratio falls from 41.9% to 0.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€22k▼
2024 · €37k
Cash flow
€17k▼
2024 · €31k
Solvency
99.4%▲
2024 · 58.1%
Current ratio
87.67▲
2024 · 1.47
Quick ratio
85.75▲
2024 · 1.42
Debt / equity
0.01▼
2024 · 0.72
ROE
10.4%▼
2024 · 38.2%
ROA
10.4%▼
2024 · 22.2%
Interest coverage
21.75▼
2024 · 74.68
Debt
€369▼
2024 · €42k
Debt ≤ 1 year
€369▼
2024 · €42k
Income taxes
€4k▼
2024 · €5k
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€101k€66k▼
Fixed assets21/28€39k€33k▼
Tangible fixed assets22/27€39k€33k▼
Plant, machinery and equipment23€1k€2k▲
Furniture and vehicles24€38k€31k▼
Current assets29/58€62k€32k▼
Stocks and contracts in progress3€2k€709▼
Stocks30/36€2k€709▼
Amounts receivable within one year40/41€9k€14k▲
Trade receivables40€6k€13k▲
Other amounts receivable41€3k€1k▼
Cash at bank and in hand54/58€51k€18k▼
Equity and liabilities
Total equity and liabilities10/49€101k€66k▼
Equity10/15€58k€65k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€40k€47k▲
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Distributable reserves133€38k€45k▲
Amounts payable17/49€42k€369▼
Amounts payable within one year42/48€42k€369▼
Trade debts44€4k€135▼
Suppliers440/4€4k€135▼
Taxes, remuneration and social security45€2k€235▼
Taxes450/3€2k€235▼
Other amounts payable47/48€37k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€10k▲
Other operating charges640/8-€2k
Gross operating margin9900€37k€25k▼
Operating profit (loss)9901€28k€12k▼
Financial income75/76B-€224
Recurring financial income75-€224
Financial charges65/66B€493€1k▲
Recurring financial charges65€493€1k▲
Profit (loss) for the period before taxes9903€28k€11k▼
Income taxes67/77€5k€4k▼
Profit (loss) for the period9904€22k€7k▼
Profit (loss) for the period to be appropriated9905€22k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€22k€7k▼
Transfer to equity691/2€22k€7k▼
To other reserves6921€22k€7k▼
The notes to these accounts (6 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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Liquidity times 60current ratio 87.67
Current ratio from 1.47 to 87.67; short-term debt falls from €42k to €369.
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
2024
28-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 6.02
Current ratio from 2.77 to 6.02; short-term debt falls from €14k to €7k.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €27k ▲557%
Net result €27k, the highest in the series.
31-12
Financial
Liquidity quadruplescurrent ratio 2.77
Current ratio from 0.77 to 2.77; short-term debt falls from €27k to €14k.
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
31-12
Financial
Back to profitnet €4k
Net result €4k after 3 loss-making years.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-20k
Net result drops to €-20k, the lowest in the series; recovery starts the following year.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 1986
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.
Brandstraat(VRA) 349120 Beveren-Kruibeke-ZwijndrechtGround area
2,344 m²
Building footprint
240 m²
Volume, LiDAR
1,240 m³
Parcel 46028C1528/00F000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MBWF
since 19862.034.686.054
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46028C1528/00F000 | Flanders | 2,344 m² | 1 · 240 m² | 9.1 m · 2 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.
Similar companies · same sector, comparable size
DOUCHY METAALCONSTRUCTIE
BE 0822.853.671
Staden · Eq €65k
Jochem Janssens
BE 0667.898.844
Mechelen · Eq €65k
KOBAN
BE 0464.176.573
Sint-Pieters-Leeuw · Eq €66k
METALLGESTALTUNG MEYERS
BE 0835.279.470
Sankt Vith · Eq €66k
LEVOMATICS
BE 0717.957.178
Zulte · Eq €64k
Of 904 companies in sector 25120 we hold annual accounts for 673. 407 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-09-1986
Fiscal year end31-12
Activities, NACEBEL
25120Manufacture of fabricated metal products, except machinery and equipment
28120
Sources
Crossroads Bank for EnterprisesNational Bank · 39 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.