MF ENGINEERING
ActiveSummary
MF ENGINEERING has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €639,966 and a net result of -€88,833. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 89% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability4▼-75
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity short (current ratio 0.04 against 0.42 in 2024; short-term debt: 11.7% and cash: 0.1% of total assets), and 13.3% of the assets are financed with debt.
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Signals
Five 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
86.7%
Return on assets
-12%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
3 d early
2023
19 d late
2022
30 d late
2021
29 d late
2020
23 d late
2019
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 23 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€639,966▼ 12.2%
2024 · €728,800
Total assets
€738,032▼ 14.1%
2024 · €859,317
Net result
-€88,833
2024 · €69,132
Working capital
-€82,708▼ 47.4%
2024 · -€56,126
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€11,396▲ 37.1%-€10,483▲ 8.0%€6,061€71,973▲ 1,088%-€87,130
Net result-€15,986below the sector's middle half▲ 31.6%-€14,432below the sector's middle half▲ 9.7%€2,814within the sector's middle half€69,132above the sector's middle half▲ 2,357%-€88,833below the sector's middle half
Equity-€142,667below the sector's middle half▼ 12.6%-€158,510below the sector's middle half▼ 11.1%-€155,696below the sector's middle half▲ 1.8%€728,800above the sector's middle half€639,966above the sector's middle half▼ 12.2%
Total assets€170,794within the sector's middle half▼ 16.9%€139,710below the sector's middle half▼ 18.2%€125,203below the sector's middle half▼ 10.4%€859,317within the sector's middle half▲ 586%€738,032within the sector's middle half▼ 14.1%
Debt€313,461▼ 5.6%€298,220▼ 4.9%€280,899▼ 5.8%€130,518▼ 53.5%€98,066▼ 24.9%
Working capital-€189,569▼ 0.9%-€195,434▼ 3.1%-€219,526▼ 12.3%-€56,126▲ 74.4%-€82,708▼ 47.4%
Solvency-83.5%below the sector's middle half▼ 21.9pp-113.5%below the sector's middle half▼ 29.9pp-124.4%below the sector's middle half▼ 10.9pp84.8%above the sector's middle half▲ 209.2pp86.7%above the sector's middle half▲ 1.9pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €87,130 after €71,973 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €738,032
Fixed assets
€734,152 ▼ 10.3%
Current assets
€3,880 ▼ 90.4%
Equity and liabilities €738,032
Equity
€639,966 ▼ 12.2%
Debt
€98,066 ▼ 24.9%
Debt's share of the balance-sheet total falls from 15.2% to 13.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€585▼
2024 · €146,425
Cash flow
-€2,288▼
2024 · €143,584
Current ratio
0.04▼
2024 · 0.42
Debt to equity
0.15▼
2024 · 0.18
ROE
-13.9%▼
2024 · 9.5%
ROA
-12.0%▼
2024 · 8.0%
Interest coverage
-0.31▼
2024 · 51.15
Debt ≤ 1 year
€86,589▼
2024 · €96,686
Debt > 1 year
€11,477▼
2024 · €33,832
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 926 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 90% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.1%
went bankrupt
8.7%
stopped otherwise
90%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 926 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,620 | €30,078 | €17,908 | €74,452 | €86,545 | ▲ 16.2% |
| Other operating charges640/8 | €5,205 | €5,324 | €5,838 | €31,706 | €4,139 | ▼ 86.9% |
| Gross operating margin9900 | €27,429 | €24,918 | €29,807 | €178,131 | €3,554 | ▼ 98.0% |
| Operating profit (loss)9901 | -€11,396 | -€10,483 | €6,061 | €71,973 | -€87,130 | ▼ 221% |
| Financial income75/76B | - | - | - | €22 | €169 | ▲ 684% |
| Recurring financial income75 | - | - | - | €22 | €169 | ▲ 684% |
| Financial charges65/66B | €4,590 | €3,950 | €3,247 | €2,863 | €1,871 | ▼ 34.6% |
| Recurring financial charges65 | €4,590 | €3,950 | €3,247 | €2,863 | €1,871 | ▼ 34.6% |
| Profit (loss) for the period before taxes9903 | -€15,986 | -€14,432 | €2,814 | €69,132 | -€88,833 | ▼ 228% |
| Profit (loss) for the period9904 | -€15,986 | -€14,432 | €2,814 | €69,132 | -€88,833 | ▼ 228% |
| Profit (loss) for the period to be appropriated9905 | -€15,986 | -€14,432 | €2,814 | €69,132 | -€88,833 | ▼ 228% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €170,794 | €139,710 | €125,203 | €859,317 | €738,032 | ▼ 14.1% |
| Fixed assets21/28 | €143,234 | €113,156 | €99,138 | €818,758 | €734,152 | ▼ 10.3% |
| Tangible fixed assets22/27 | €143,234 | €113,156 | €99,138 | €818,758 | €734,152 | ▼ 10.3% |
| Land and buildings22 | €143,234 | €113,156 | €99,138 | €816,898 | €732,929 | ▼ 10.3% |
| Furniture and vehicles24 | - | - | - | €1,859 | €1,223 | ▼ 34.2% |
| Current assets29/58 | €27,560 | €26,554 | €26,065 | €40,559 | €3,880 | ▼ 90.4% |
| Amounts receivable within one year40/41 | €22,318 | €22,318 | €22,318 | €767 | €767 | = |
| Trade receivables40 | €22,318 | €22,318 | €22,318 | - | - | - |
| Other amounts receivable41 | - | - | - | €767 | €767 | = |
| Cash at bank and in hand54/58 | €1,831 | €2,813 | €0 | €36,006 | €467 | ▼ 98.7% |
| Deferred charges and accrued income490/1 | €3,411 | €1,423 | €3,747 | €3,787 | €2,646 | ▼ 30.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €170,794 | €139,710 | €125,203 | €859,317 | €738,032 | ▼ 14.1% |
| Equity10/15 | -€142,667 | -€158,510 | -€155,696 | €728,800 | €639,966 | ▼ 12.2% |
| Contributions10/11 | €70,000 | €70,000 | €70,000 | €70,000 | €70,000 | = |
| Revaluation surpluses12 | - | - | - | €754,228 | €678,024 | ▼ 10.1% |
| Reserves13 | €2,100 | €2,100 | €2,100 | €63,236 | €139,439 | ▲ 121% |
| Non-distributable reserves130/1 | €2,100 | €2,100 | €2,100 | - | - | - |
| Reserves not available under the articles1311 | €2,100 | €2,100 | €2,100 | - | - | - |
| Distributable reserves133 | - | - | - | €63,236 | €139,439 | ▲ 121% |
| Profit (loss) carried forward14 | -€214,767 | -€230,610 | -€227,796 | -€158,664 | -€247,497 | ▼ 56.0% |
| Amounts payable17/49 | €313,461 | €298,220 | €280,899 | €130,518 | €98,066 | ▼ 24.9% |
| Amounts payable after more than one year17 | €96,332 | €76,232 | €35,308 | €33,832 | €11,477 | ▼ 66.1% |
| Financial debts170/4 | €96,332 | €76,232 | €35,308 | €33,832 | €11,477 | ▼ 66.1% |
| Amounts payable within one year42/48 | €217,129 | €221,987 | €245,591 | €96,686 | €86,589 | ▼ 10.4% |
| Current portion of amounts payable after more than one year42 | €19,399 | €20,099 | €41,636 | €21,576 | €22,355 | ▲ 3.6% |
| Trade debts44 | €1,120 | €872 | €1,123 | €1,312 | €311 | ▼ 76.3% |
| Suppliers440/4 | €1,120 | €872 | €1,123 | €1,312 | €311 | ▼ 76.3% |
| Taxes, remuneration and social security45 | - | - | - | €1,129 | - | - |
| Taxes450/3 | - | - | - | €1,129 | - | - |
| Other amounts payable47/48 | €196,609 | €201,016 | €202,832 | €72,669 | €63,923 | ▼ 12.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,986 | -€14,432 | €2,814 | €69,132 | -€88,833 | ▼ 228% |
| + Depreciation and write-downs630 | €33,620 | €30,078 | €17,908 | €74,452 | €86,545 | ▲ 16.2% |
| Operating cash flow (approximation) | €17,634 | €15,645 | €20,721 | €143,584 | -€2,288 | ▼ 102% |
| Investment in fixed assets (approximation) | - | €0 | -€3,890 | -€794,072 | -€1,939 | ▲ 99.8% |
| Change in cash | - | €981 | -€2,812 | €36,005 | -€35,538 | ▼ 199% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet -€88,833
Net result drops to -€88,833, the lowest in the series.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €69,132 ▲2,357%
Operating result €71,973, net result €69,132, both a record.
31-12
Financial
Equity above €500,000Eq €728,800
2 profitable years in a row build equity to €728,800.
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 19 days late
2023
31-12
Financial
Back to profitnet €2,814
Net result €2,814 after 3 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
30-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 30 days late
2019
31-12
Financial
Back to profitnet €12,130
Net result €12,130 after one loss-making year.
Show earlier events
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
07-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Charleroi · 1 establishment unit since 2002
Ground area
1.2 ha
Building footprint
3,068 m²
Volume, LiDAR
17,455 m³
Parcel 52045A0547/00C002, Wallonia · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MF Engineering
since 20022.098.743.369
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52045A0547/00C002indicative | Wallonia | 1.2 ha | 1 · 3,068 m² | 10.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,326 companies in sector 68110 we hold annual accounts for 5,384. 3,559 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-12-2001
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
70200Business and other management consultancy
71121Engineering and related technical consultancy, excluding land surveyors
78100Employment placement agencies
82100Office administrative and support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0476261585
Also
9925:BE0476261585
Registered
30-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.