MF ENGINEERING (0476.261.585): annual accounts and directors

MF ENGINEERING

Charleroi ·KBO/BCE: BE 0476.261.585

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Group	Expected	Actual
1	0.2%	0.2%
2	0.3%	0.5%
3	0.5%	0.6%
4	0.7%	0.8%
5	0.9%	0.9%
6	1.3%	1.5%
7	1.6%	1.8%
8	1.8%	1.8%
9	3.0%	3.1%
10	5.6%	6.2%

Company	Total assets	Gross margin	Solvency	Staff
MF ENGINEERING Charleroi	€0.7m	€3,554	86.7%	-
MATINVEST Orp-Jauche	€0.6m	€4,139	86.6%	-
DSCK IMMO Uccle	€0.9m	€2,209	84.6%	-
VON REYEN Knokke-Heist	€1.1m	€3,315	60.0%	-
LACIMMO Rixensart	€0.5m	€3,288	98.9%	-
Karimmo Essen	€0.6m	€6,253	39.0%	-
PM - CONSULT Kruisem	€0.5m	€3,113	-8.0%	-

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	738,032	859,317	125,203	139,710	170,794	205,485	236,414	230,296	261,954	292,784	344,496	256,379	280,075	294,058	326,568	335,468	525,574	556,205	705,254	745,360
Fixed assets`21/28`	734,152	818,758	99,138	113,156	143,234	176,854	210,746	227,710	256,489	289,919	254,137	248,952	267,816	277,213	284,138	308,614	511,738	541,174	593,698	612,914
Tangible fixed assets`22/27`	734,152	818,758	99,138	113,156	143,234	176,854	210,746	227,710	256,489	289,919	254,137	248,952	267,816	277,213	284,138	308,614	498,174	541,174	593,698	612,914
Land and buildings`22`	732,929	816,898	99,138	113,156	143,234	176,854	210,746	227,710	256,489	289,919	254,137	248,952	267,266	274,294	279,796	308,179	498,003	540,833	593,698	612,914
Plant, machinery and equipment`23`	-	-	-	-	-	-	-	-	-	-	-	-	-	255	510	171	171	341	-	-
Furniture and vehicles`24`	1,223	1,859	-	-	-	-	-	-	-	-	-	-	550	2,665	3,832	264	-	-	-	-
Financial fixed assets`28`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,564	-	-	-
Current assets`29/58`	3,880	40,559	26,065	26,554	27,560	28,631	25,668	2,586	5,464	2,864	90,359	7,428	12,260	16,844	42,430	26,853	13,836	15,031	111,556	132,446
Amounts receivable within one year`40/41`	767	767	22,318	22,318	22,318	23,134	24,856	283	1,031	1,606	89,461	4,723	9,279	11,347	29,194	23,122	13,836	14,910	49,523	67,021
Trade receivables`40`	-	-	22,318	22,318	22,318	23,134	24,851	278	1,027	1,601	87,913	4,680	9,279	11,344	28,481	4,559	13,783	14,857	39,471	46,971
Other amounts receivable`41`	767	767	-	-	-	-	5	5	4	4	1,548	43	-	2	712	18,563	53	53	10,052	20,051
Current investments`50/53`	-	-	-	-	-	-	-	-	20	20	20	20	20	20	20	-	-	-	-	-
Cash at bank and in hand`54/58`	467	36,006	0	2,813	1,831	4,773	290	1,800	4,413	1,239	878	2,685	2,961	5,478	13,216	3,732	-	121	62,033	65,425
Deferred charges and accrued income`490/1`	2,646	3,787	3,747	1,423	3,411	725	522	503	-	-	-	-	-	-	-	-	-	-	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	738,032	859,317	125,203	139,710	170,794	205,485	236,414	230,296	261,954	292,784	344,496	256,379	280,075	294,058	326,568	335,468	525,574	556,205	705,254	745,360
Equity`10/15`	639,966	728,800	-155,696	-158,510	-142,667	-126,681	-103,296	-115,426	-91,660	-69,910	-64,651	-56,368	-45,297	4,553	-39,802	-35,663	-11,358	-11,624	21,113	55,966
Contributions`10/11`	70,000	70,000	70,000	70,000	70,000	70,000	70,000	70,000	70,000	70,000	70,000	70,000	70,000	70,000	21,000	21,000	21,000	21,000	21,000	21,000
Issued capital`100`	-	-	-	-	-	-	70,000	70,000	70,000	70,000	70,000	70,000	70,000	70,000	21,000	21,000	21,000	21,000	21,000	21,000
Revaluation surpluses`12`	678,024	754,228	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reserves`13`	139,439	63,236	2,100	2,100	2,100	2,100	2,100	2,100	2,100	2,100	2,100	2,100	2,100	2,100	2,100	2,100	2,100	2,100	2,100	2,100
Non-distributable reserves`130/1`	-	-	2,100	2,100	2,100	2,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	2,100	2,100	2,100	2,100	2,100	2,100	2,100	2,100	2,100	2,100	2,100	2,100	2,100	2,100
Reserves not available under the articles`1311`	-	-	2,100	2,100	2,100	2,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	139,439	63,236	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	-247,497	-158,664	-227,796	-230,610	-214,767	-198,781	-175,396	-187,526	-163,760	-142,010	-136,751	-128,468	-117,397	-67,547	-62,902	-58,763	-34,458	-34,724	-1,987	32,866
Amounts payable`17/49`	98,066	130,518	280,899	298,220	313,461	332,166	339,710	345,722	353,613	362,693	409,147	312,747	325,372	289,504	366,369	371,131	536,932	567,829	684,141	689,394
Amounts payable after more than one year`17`	11,477	33,832	35,308	76,232	96,332	115,731	134,455	152,527	-	-	-	-	-	-	-	-	-	-	-	-
Financial debts`170/4`	11,477	33,832	35,308	76,232	96,332	115,731	134,455	152,527	-	-	-	-	-	-	-	-	-	-	-	-
Amounts payable within one year`42/48`	86,589	96,686	245,591	221,987	217,129	216,435	204,140	193,195	353,613	362,693	409,147	312,747	325,372	289,504	366,369	371,131	536,932	567,829	657,250	689,394
Current portion of amounts payable after more than one year`42`	22,355	21,576	41,636	20,099	19,399	18,724	18,072	17,442	186,804	148,374	169,001	159,372	180,878	195,538	224,586	232,550	375,213	460,771	561,390	622,181
Financial debts`43`	-	-	-	-	-	-	-	889	-	-	998	10,847	-	1,314	-	2,939	5,272	10,894	83,607	5,411
Credit institutions`430/8`	-	-	-	-	-	-	-	889	-	-	998	10,847	-	1,314	-	2,939	5,272	10,894	83,607	5,411
Trade debts`44`	311	1,312	1,123	872	1,120	-	336	185	-	2,258	9,225	1,812	3,178	17,146	27,117	2,612	3,894	6,043	5,201	51,077
Suppliers`440/4`	311	1,312	1,123	872	1,120	-	336	185	-	2,258	9,225	1,812	3,178	17,146	27,117	2,612	3,894	6,043	5,201	51,077
Taxes, remuneration and social security`45`	-	1,129	-	-	-	-	-	-	201	1,514	2,018	-	5,595	4,418	112	-	4,625	11,120	7,053	3,226
Taxes`450/3`	-	1,129	-	-	-	-	-	-	201	1,514	2,018	-	5,595	4,418	112	-	4,625	11,120	7,053	3,226
Other amounts payable`47/48`	63,923	72,669	202,832	201,016	196,609	197,711	185,733	174,679	166,609	210,548	227,904	140,716	135,722	71,089	114,554	133,031	147,927	79,000	-	7,500
Accrued charges and deferred income`492/3`	-	-	-	-	-	-	1,115	-	-	-	-	-	-	-	-	-	-	-	26,891	-
Income statement
Turnover`70`	-	-	-	-	-	-	-	-	-	49,822	45,508	53,222	68,445	147,079	247,018	55,608	124,431	141,391	-	-
Non-recurring operating income`76A`	-	-	-	-	-	-	-	-	-	-	-	-	1,096	-	-	41,588	-	-	-	30,309
Gross operating margin`9900`	3,554	178,131	29,807	24,918	27,429	20,946	59,766	24,260	27,817	37,796	33,074	30,730	6,693	41,721	27,213	-10,274	71,910	54,970	65,371	67,258
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	-	-	-	-	26,085	21,929	34,335	73,267	116,240	231,410	65,881	52,521	86,421	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	86,545	74,452	17,908	30,078	33,620	33,892	36,479	34,528	33,430	33,727	31,277	30,281	41,112	35,898	32,903	35,420	43,000	53,036	60,375	60,715
Other operating charges`640/8`	4,139	31,706	5,838	5,324	5,205	5,169	5,186	7,028	3,263	5,212	4,494	4,726	8,632	5,923	5,567	2,876	3,483	4,376	2,417	4,337
Non-recurring operating charges`66A`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	147	-	-	-
Operating profit (loss)`9901`	-87,130	71,973	6,061	-10,483	-11,396	-18,115	18,101	-17,296	-8,875	-1,143	-2,696	-4,277	-43,051	-101	-11,257	-48,570	25,427	-2,441	2,579	2,206
Financial income`75/76B`	169	22	-	-	-	5	6	18	-	-	4	2	13	6,210	24	5	0	1,539	3,141	2,440
Recurring financial income`75`	169	22	-	-	-	5	6	18	-	-	4	2	13	6,210	24	5	0	1,539	3,141	2,440
Financial charges`65/66B`	1,871	2,863	3,247	3,950	4,590	5,275	5,978	6,488	12,875	4,116	5,591	6,797	7,908	10,755	12,905	17,329	25,014	31,074	40,209	29,519
Recurring financial charges`65`	1,871	2,863	3,247	3,950	4,590	5,275	5,978	6,488	12,875	4,116	5,591	6,797	7,908	10,755	12,905	17,329	25,014	31,074	40,209	29,519
Profit (loss) for the period before taxes`9903`	-88,833	69,132	2,814	-14,432	-15,986	-23,385	12,130	-23,766	-21,750	-5,259	-8,283	-11,071	-49,850	-4,645	-24,138	-24,305	266	-31,977	-34,489	5,437
Income taxes`67/77`	-	-	-	-	-	-	1	-	-	-	-	-	-	-	-	-	-	761	363	2,009
Profit (loss) for the period`9904`	-88,833	69,132	2,814	-14,432	-15,986	-23,385	12,130	-23,766	-21,750	-5,259	-8,283	-11,071	-49,850	-4,645	-24,138	-24,305	266	-32,738	-34,853	3,428
Profit (loss) for the period to be appropriated`9905`	-88,833	69,132	2,814	-14,432	-15,986	-23,385	12,130	-23,766	-21,750	-5,259	-8,283	-11,071	-49,850	-4,645	-24,138	-24,305	266	-32,738	-34,853	3,428
Appropriation of the result
Profit (loss) to be appropriated`9906`	-247,497	-158,664	-227,796	-230,610	-214,767	-198,781	-175,396	-187,526	-163,760	-142,010	-136,751	-128,468	-117,397	-67,547	-82,902	-58,763	-34,458	-34,724	-1,987	34,966
Profit (loss) brought forward from the previous period`14P`	-158,664	-227,796	-230,610	-216,177	-198,781	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,100
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,100
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	31-08-2026	2026-00473576	PDF
31-12-2024	micro format	28-07-2025	2025-00317184	PDF
31-12-2023	micro format	19-08-2024	2024-00354524	PDF
31-12-2022	micro format	30-08-2023	2023-00403676	PDF
31-12-2021	micro format	29-08-2022	2022-20396404	PDF
31-12-2020	micro format	23-08-2021	2021-52800088	PDF
31-12-2019	micro format	30-08-2020	2020-48600026	PDF
31-12-2018	micro format	30-07-2019	2019-41100437	PDF
31-12-2017	full format	11-07-2018	2018-31500001	PDF
31-12-2016	full format	07-04-2017	2017-09100439	PDF
31-12-2015	full format	02-07-2016	2016-27700152	PDF
31-12-2014	full format	07-08-2015	2015-40600401	PDF
31-12-2013	full format	04-08-2014	2014-40000312	PDF
31-12-2012	full format	13-08-2013	2013-42100351	PDF
31-12-2011	full format	07-08-2012	2012-39100510	PDF
31-12-2010	full format	06-07-2011	2011-26700353	PDF
31-12-2009	full format	05-06-2010	2010-15200389	PDF
31-12-2008	full format	09-06-2009	2009-20400119	PDF
31-12-2007	full format	04-06-2008	2008-18800024	PDF
31-12-2006	full format	11-06-2007	2007-21000168	PDF
31-12-2005	full format	03-07-2006	2006-39001461	PDF
31-12-2004	full format	29-06-2005	2005-36801803	PDF
31-12-2003	full format	22-06-2004	2004-29001093	PDF
31-12-2002	full format	20-06-2003	2003-27201452	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	-585	146,425	23,968	19,595	22,224	15,777	54,581	17,232	24,554	32,584	28,581	26,004	-1,939	35,798	21,647	-13,150	68,427	50,594	62,954	62,921
Cash flow	-2,288	143,584	20,721	15,645	17,634	10,507	48,609	10,761	11,680	28,468	22,994	19,210	-8,738	31,253	8,765	11,115	43,266	20,298	25,523	64,143
Investment in fixed assets (approximation)	1,939	1,910	3,890	0	0	0	19,515	5,748	0	69,510	36,462	11,417	31,715	28,974	8,427	2,188	13,564	512	41,159	227,598
Change in cash	-35,538	36,005	-2,812	981	-2,942	4,483	-1,509	-2,614	3,174	361	-1,806	-276	-2,517	-7,739	9,485	-	-	-61,912	-3,392	-
Working capital	-82,708	-56,126	-219,526	-195,434	-189,569	-187,804	-178,472	-190,609	-348,149	-359,829	-318,787	-305,319	-313,112	-272,660	-323,939	-344,278	-523,096	-552,798	-545,693	-556,948
EBIT margin	-	-	-	-	-	-	-	-	-	-2.3%	-5.9%	-8.0%	-62.9%	-0.1%	-4.6%	-87.3%	20.4%	-1.7%	-	-
Solvency	86.7%	84.8%	-124.4%	-113.5%	-83.5%	-61.6%	-43.7%	-50.1%	-35.0%	-23.9%	-18.8%	-22.0%	-16.2%	1.5%	-12.2%	-10.6%	-2.2%	-2.1%	3.0%	7.5%
Current ratio	0.04	0.42	0.11	0.12	0.13	0.13	0.13	0.01	0.02	0.01	0.22	0.02	0.04	0.06	0.12	0.07	0.03	0.03	0.17	0.19
Debt to equity	0.15	0.18	-	-	-	-	-	-	-	-	-	-	-	63.58	-	-	-	-	32.40	12.32
ROE	-13.9%	9.5%	-	-	-	-	-	-	-	-	-	-	-	-102.0%	-	-	-	-	-165.1%	6.1%
ROA	-12.0%	8.0%	2.2%	-10.3%	-9.4%	-11.4%	5.1%	-10.3%	-8.3%	-1.8%	-2.4%	-4.3%	-17.8%	-1.6%	-7.4%	-7.2%	0.1%	-5.9%	-4.9%	0.5%
Interest coverage	-0.31	51.15	7.38	4.96	4.84	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer credit	-	-	-	-	-	-	-	-	-	12 days	705 days	32 days	49 days	28 days	42 days	30 days	40 days	38 days	-	-
Supplier credit	-	-	-	-	-	-	-	-	-	32 days	154 days	19 days	16 days	54 days	43 days	14 days	27 days	26 days	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€1,939	€1,910	€3,890	-	-
Depreciation and write-downs of the year	€86,545	€74,452	€17,908	€30,078	€33,620

Establishment	Since	Unit number
Avenue de Philippeville 150 registered office 6001 Charleroi
Avenue de Philippeville 158 6001 Charleroi	30-01-2002	2.098.743.369

Overview

Lifetime

Key points

Result

Filings

Position in the sector

Checked score

Score breakdown

Comparable companies, two years later

Credit verdict

Signals

Board and ownership

Recent changes

Comparable companies

Official details

Annual accounts 2025

Insights on MF ENGINEERING

Financials

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency86.7%

Current ratio0.04

Return on assets-12.0%

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on MF ENGINEERING

Board & ownership

Board

Mandates through the years

Control

Capital

Articles of association

Network & group

Holdings

Belgium 1 Equity Result

Holdings through the years

Timeline

Timeline

History

Company details

Identity

Activities

Registered office and establishments

Location