MF SCHILDERWERKEN

Active

Private limited companyfounded 20206 yrs activeBeversesteenweg 49, 8800 Roeselare, BelgiumKBO/BCE: BE 0741.788.296

Summary

The computed 12-month bankruptcy probability of MF SCHILDERWERKEN is 1.8% (moderate). The 2025 annual accounts show equity of €356k and a net result of €122k. Equity is growing by ~88.3% per year across the filed fiscal years. Its solvency ranks better than 33% of 27786 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

59 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability82▲+8

Solvency57▲+6

Growth78=

Track record100

Bankruptcy probability, 12 months

1.8% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €20k at 30 days acceptable

Liquidity ample (current ratio 1.78 against 1.49 in 2024; short-term debt: 29% and cash: 2.5% of total assets), but 68% of the assets are financed with debt.

How do we compute the score and the probability?

Credit check for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

32%

Return on assets

10.9%

Age of the figures

12 mo

Latest accounts filed on time

The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.

NBB · 6 filings

Deviation from the deadline

2025

on the day

2024

2 d early

2023

39 d early

2022

9 d early

2021

5 d early

2020

on the day

← before the deadline after the deadline →

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

24-09-2026 today30-09-2026 close30-04-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€356k▼ 6.0%

2024 · €378k

2020: €25k 2021: €57k 2022: €153k 2023: €299k 2024: €378k

2020 → 2025

Total assets

€1.11M▼ 24.4%

2024 · €1.47M

2020: €351k 2021: €424k 2022: €976k 2023: €1.43M 2024: €1.47M

2020 → 2025

Net result

€122k▲ 51.9%

2024 · €80k

2020: €28k 2021: €32k 2022: €97k 2023: €146k 2024: €80k

2020 → 2025

Working capital

€253k▼ 11.8%

2024 · €287k

2020: €-16k 2021: €-2k 2022: €82k 2023: €283k 2024: €287k

2020 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€57k-€153k▲ 170%€299k▲ 95.3%€378k▲ 26.5%€356k▼ 6.0%

Operating result€51k-€148k▲ 191%€219k▲ 47.6%€126k▼ 42.3%€139k▲ 10.3%

Net result€32k-€97k▲ 200%€146k▲ 50.0%€80k▼ 45.0%€122k▲ 51.9%

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 recovers in 2025; 2025 is 10% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €1.11M

48.3%

51.7%

Fixed assets €537k ▼ 9.9%

Current assets €576k ▼ 34.2%

Equity and liabilities €1.11M

32.0%

68.0%

Equity €356k ▼ 6.0%

Debt €757k ▼ 30.7%

Debt's share of the balance-sheet total falls from 74.3% to 68.0%. Equity and debt are lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€203k▲

2024 · €172k

Cash flow

€186k▲

2024 · €126k

Current ratio

1.78▲

2024 · 1.49

Quick ratio

1.78▲

2024 · 1.48

Debt to equity

2.13▼

2024 · 2.89

ROE

34.2%▲

2024 · 21.2%

ROA

10.9%▲

2024 · 5.5%

Interest coverage

14.30▲

2024 · 5.83

Debt ≤ 1 year

€323k▼

2024 · €588k

Debt > 1 year

€434k▼

2024 · €499k

Income taxes

€3k▼

2024 · €37k

Staff costs

€59k▼

2024 · €64k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2025 against 2024 · 64 lines

Balance sheet Code20242025

Assets

Total assets20/58€1.47M€1.11M▼

Fixed assets21/28€596k€537k▼

Tangible fixed assets22/27€596k€537k▼

Land and buildings22€485k€455k▼

Plant, machinery and equipment23€5k€6k▲

Furniture and vehicles24€95k€65k▼

Other tangible fixed assets26€11k€11k=

Financial fixed assets28-€500

Current assets29/58€875k€576k▼

Amounts receivable after more than one year29€256k€434k▲

Other amounts receivable291€256k€434k▲

Stocks and contracts in progress3€4k€3k▼

Stocks30/36€4k€3k▼

Amounts receivable within one year40/41€396k€109k▼

Trade receivables40€243k€14k▼

Other amounts receivable41€153k€95k▼

Cash at bank and in hand54/58€201k€28k▼

Deferred charges and accrued income490/1€18k€3k▼

Equity and liabilities

Total equity and liabilities10/49€1.47M€1.11M▼

Equity10/15€378k€356k▼

Contributions10/11€1k€1k=

Reserves13€376k€352k▼

Distributable reserves133€376k€352k▼

Profit (loss) carried forward14€1k€3k▲

Amounts payable17/49€1.09M€757k▼

Amounts payable after more than one year17€499k€434k▼

Financial debts170/4€499k€432k▼

Other amounts payable178/9-€3k

Amounts payable within one year42/48€588k€323k▼

Current portion of amounts payable after more than one year42€71k€68k▼

Financial debts43€135k€145k▲

Credit institutions430/8€135k€4k▼

Other loans439-€142k

Trade debts44€298k€106k▼

Suppliers440/4€298k€106k▼

Advances received on contracts in progress46€55k-

Taxes, remuneration and social security45€29k€4k▼

Taxes450/3€23k€1k▼

Remuneration and social security454/9€5k€2k▼

Other amounts payable47/48€833-

Accrued charges and deferred income492/3€5k-

Income statement Code20242025

Remuneration, social security and pensions62€64k€59k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46k€64k▲

Other operating charges640/8€16k€5k▼

Non-recurring operating charges66A€0-

Gross operating margin9900€252k€267k▲

Operating profit (loss)9901€126k€139k▲

Financial income75/76B€21k€198▼

Recurring financial income75€21k€198▼

Financial charges65/66B€30k€14k▼

Recurring financial charges65€30k€14k▼

Profit (loss) for the period before taxes9903€117k€125k▲

Income taxes67/77€37k€3k▼

Profit (loss) for the period9904€80k€122k▲

Profit (loss) for the period to be appropriated9905€80k€122k▲

Appropriation of the result

Profit (loss) to be appropriated9906€81k€123k▲

Profit (loss) brought forward from the previous period14P€988€1k▲

Transfer from equity791/2-€24k

Transfer to equity691/2€79k-

To other reserves6921€79k-

Profit to be distributed694/7€833€144k▲

Return on contributions (dividend)694€833€24k▲

Directors or managers695-€120k

Social balance

Average headcount (FTE)90871.0-

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 10Financial 3Gazette 1Filings 6

Next filing, fiscal year 2026, expected by 30-04-2027

2026

30-04

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

30-03

State Gazette act Resignation: Fisnik Musliji (director)

Appointment: MF/AB GROUP BV (director) · Permanent representative: Fisnik Musliji4 facts ▸

General meeting, 1 januari 2026
Director resignation, Fisnik Musliji (director)
Director appointment, MF/AB GROUP BV (director)
Permanent representative, Fisnik Musliji

2025

28-04

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

22-03

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

30-09

Financial Highest result since 2020net €146k ▲50%

Operating result €219k, net result €146k, both a record.

30-09

Financial Equity above €200kEq €299k ▲95.3%

4 profitable years in a row build equity to €299k.

21-04

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

30-09

Financial Equity above €150kEq €153k ▲170%

3 profitable years in a row build equity to €153k.

25-04

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

30-04

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 director, no change since 2026

MF/AB GROUP BV

Director · since 01-01-2026 · Legal entity · perm. rep.: Fisnik Musliji

Current

01-01-2026 MF/AB GROUP BV: Appointed as Director

01-01-2026 MUSLIJI Fisnik: Resigned as Director

Location & real-estate footprint

Registered office, Roeselare · 1 establishment unit since 2020

establishment The establishment unit on the map

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.

Beversesteenweg 498800 Roeselare

Ground area

2,399 m²

Building footprint

739 m²

Volume, LiDAR

10,356 m³

Parcel 36015A0303/00M004, Flanders · tallest building 17.0 m, ±5 floors. Linked by address, not a title deed.

1 establishment unit

MF SCHILDERWERKEN

Beversesteenweg 49, 8800 RoeselareManufacture of metal structures and parts of structures

since 20202.302.194.337

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
36015A0303/00M004	Flanders	2,399 m²	1 · 739 m²	17.0 m · 5 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.

Public money · subsidies and aid

Flemish government

2022 · 1 entry · 216 EUR awarded · 216 EUR paid

Year	Entries	awarded	paid
2022	1	216 EUR	216 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

1 entry · 216 EUR · 216 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

VAN KERKVOORDE-DE COCK

BE 0476.172.703

Lochristi · Eq €355,921

DEKORATIE VANHOUTTE

BE 0810.643.945

Waregem · Eq €355,788

Zandhoven · Eq €360,399

Of 7,861 companies in sector 43341 we hold annual accounts for 2,663. 1,719 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded20-01-2020

Fiscal year end30-09

Activities, NACEBEL 2025

43341Painting of buildings

41001General construction of residential buildings

68201Renting and operating of own or leased residential real estate, excluding social housing

68203Renting and operating of own or leased non-residential real estate, excluding land

Sources

Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.