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MF Engineering

Active Risk: moderate
Private limited companyfounded 2016active for 10 yearsMollei 17, 2930 Brasschaat, BelgiumKBO/BCE: BE 0659.848.240
Summary

The computed 12-month bankruptcy probability of MF Engineering is 2.2% (moderate). The 2023 annual accounts show equity of €12,445 and a net result of €4,330. Its solvency ranks better than 27% of 33,823 sector peers (NACE 70, financial year 2023). The company has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals.

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Financials · financial year 2023, micro format

2023 annual accounts filed late (31 days) Filed on 31 August 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00455165.

Equity
€12,445
Total assets
€42,764
Net result
€4,330
Working capital
-€1,336

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €42,764
Fixed assets €25,683
Current assets €17,081
Equity and liabilities €42,764
Equity €12,445
Debt €30,318
Debt finances 70.9% of the balance-sheet total.
Key figures and ratios
2023 value
EBITDA
€21,548
Cash flow
€16,565
Current ratio
0.93
Debt to equity
2.44
ROE
34.8%
ROA
10.1%
Interest coverage
22.56
Debt ≤ 1 year
€18,416
Debt > 1 year
€11,902
Income taxes
€4,028
Annual accounts
Filed annual accounts As filed with the NBB · 2023 · 46 lines
Balance sheet Code2023
Assets
Total assets20/58€42,764
Fixed assets21/28€25,683
Tangible fixed assets22/27€25,683
Plant, machinery and equipment23€1,822
Furniture and vehicles24€23,861
Current assets29/58€17,081
Amounts receivable within one year40/41€10,713
Trade receivables40€6,411
Other amounts receivable41€4,302
Cash at bank and in hand54/58€6,367
Deferred charges and accrued income490/1€0
Equity and liabilities
Total equity and liabilities10/49€42,764
Equity10/15€12,445
Contributions10/11€100
Reserves13€15,708
Non-distributable reserves130/1€954
Reserves not available under the articles1311€954
Distributable reserves133€14,754
Profit (loss) carried forward14-€3,363
Amounts payable17/49€30,318
Amounts payable after more than one year17€11,902
Financial debts170/4€11,902
Amounts payable within one year42/48€18,416
Current portion of amounts payable after more than one year42€10,039
Trade debts44€995
Suppliers440/4€995
Taxes, remuneration and social security45€7,382
Taxes450/3€7,382
Other amounts payable47/48€0
Income statement Code2023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,235
Other operating charges640/8€613
Gross operating margin9900€22,161
Operating profit (loss)9901€9,314
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€955
Recurring financial charges65€955
Profit (loss) for the period before taxes9903€8,358
Income taxes67/77€4,028
Profit (loss) for the period9904€4,330
Profit (loss) for the period to be appropriated9905€4,330
Appropriation of the result
Profit (loss) to be appropriated9906-€3,363
Profit (loss) brought forward from the previous period14P-€7,693
Transfer from equity791/2€6,545
Profit to be distributed694/7€6,545
Return on contributions (dividend)694€6,545

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,235
Other operating charges640/8€613
Gross operating margin9900€22,161
Operating profit (loss)9901€9,314
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€955
Recurring financial charges65€955
Profit (loss) for the period before taxes9903€8,358
Income taxes67/77€4,028
Profit (loss) for the period9904€4,330
Profit (loss) for the period to be appropriated9905€4,330
Line2023
Assets
Total assets20/58€42,764
Fixed assets21/28€25,683
Tangible fixed assets22/27€25,683
Plant, machinery and equipment23€1,822
Furniture and vehicles24€23,861
Current assets29/58€17,081
Amounts receivable within one year40/41€10,713
Trade receivables40€6,411
Other amounts receivable41€4,302
Cash at bank and in hand54/58€6,367
Deferred charges and accrued income490/1€0
Equity and liabilities
Total equity and liabilities10/49€42,764
Equity10/15€12,445
Contributions10/11€100
Reserves13€15,708
Non-distributable reserves130/1€954
Reserves not available under the articles1311€954
Distributable reserves133€14,754
Profit (loss) carried forward14-€3,363
Amounts payable17/49€30,318
Amounts payable after more than one year17€11,902
Financial debts170/4€11,902
Amounts payable within one year42/48€18,416
Current portion of amounts payable after more than one year42€10,039
Trade debts44€995
Suppliers440/4€995
Taxes, remuneration and social security45€7,382
Taxes450/3€7,382
Other amounts payable47/48€0
Line2023
Profit (loss) for the period9904€4,330
+ Depreciation and write-downs630€12,235
Operating cash flow (approximation)€16,565

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2023 micro format 31-08-2024 2024-00455165

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Of the 82,448 active companies whose main activity is business and other management consultancy (NACE 70200), figures are known for 53,994. 26,583 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

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