Mfinances
ActiveSummary
Mfinances has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €55,822 and a net result of €36,799. Equity is growing by ~29.2% per year across the filed fiscal years. Its solvency ranks better than 11% of 12860 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+30
Solvency32▲+5
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity short (current ratio 0.77 against 0.65 in 2024; short-term debt: 32.7% and cash: 23.2% of total assets), and 93.3% of the assets are financed with debt.
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Signals
Seven 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% 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
6.7%
Return on assets
4.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 12860 sector peers (2025).
NBB · sector comparisonPosition among 12860 sector peers
Solvency
better than 11%
← weakest
strongest →
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 18-07-2026, 13 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
13 d early
2024
28 d early
2023
8 d early
2022
42 d early
2022
33 d early
2021
13 d early
2020
19 d early
← 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 22 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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. Usually files around 11 July (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€189,904
EBIT margin
11.9%
Net result
€36,799
2024 · -€9,503
Working capital
-€63,136▲ 29.0%
2024 · -€88,945
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222022202320242025
Turnover€189,904-
Operating result€20,505▼ 52.2%€22,581-€50,201▲ 122%€19,102▼ 61.9%€79,502▲ 316%
Net result€6,443below the sector's middle half▼ 74.5%€1,479below the sector's middle half-€8,056below the sector's middle half▲ 445%-€9,503below the sector's middle half€36,799within the sector's middle half
EBIT margin11.9%-
Equity€18,991below the sector's middle half▼ 42.6%€20,470below the sector's middle half-€28,525below the sector's middle half▲ 39.4%€19,023below the sector's middle half▼ 33.3%€55,822within the sector's middle half▲ 193%
Total assets€776,184above the sector's middle half▲ 260%€773,003above the sector's middle half-€812,095above the sector's middle half▲ 5.1%€813,846above the sector's middle half▲ 0.2%€829,490above the sector's middle half▲ 1.9%
Debt€757,193▲ 315%€752,533-€783,570▲ 4.1%€794,823▲ 1.4%€773,668▼ 2.7%
Working capital-€119,366below the sector's middle half-€81,247below the sector's middle half--€64,043below the sector's middle half▲ 21.2%-€88,945below the sector's middle half▼ 38.9%-€63,136below the sector's middle half▲ 29.0%
Solvency2.4%below the sector's middle half▼ 12.9pp2.6%below the sector's middle half-3.5%below the sector's middle half▲ 0.9pp2.3%below the sector's middle half▼ 1.2pp6.7%below the sector's middle half▲ 4.4pp
Current ratio0.13below the sector's middle half▼ 1.720.47below the sector's middle half-0.70below the sector's middle half▲ 0.230.65below the sector's middle half▼ 0.040.77below the sector's middle half▲ 0.11
Return on assets (ROA)0.8%below the sector's middle half▼ 10.9pp0.2%below the sector's middle half-1.0%below the sector's middle half▲ 0.8pp-1.2%below the sector's middle half▼ 2.2pp4.4%below the sector's middle half▲ 5.6pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting 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
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €829,490
Fixed assets
€621,197 ▼ 3.9%
Current assets
€208,293 ▲ 24.2%
Equity and liabilities €829,490
Equity
€55,822 ▲ 193%
Debt
€773,668 ▼ 2.7%
Debt's share of the balance-sheet total falls from 97.7% to 93.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€117,011▲
2024 · €55,756
Cash flow
€74,308▲
2024 · €27,152
Debt to equity
13.86▼
2024 · 41.78
ROE
65.9%▲
2024 · -50.0%
Interest coverage
7.24▲
2024 · 3.22
Debt ≤ 1 year
€271,429▲
2024 · €256,678
Debt > 1 year
€499,378▼
2024 · €533,608
Income taxes
€27,729▲
2024 · €11,584
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,448 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency under 10%
- a profit under 5% of the balance sheet
2.0%
went bankrupt
2.1%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 1,448 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 | 2022 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €189,904 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €103,428 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,180 | €87,381 | €39,656 | €36,654 | €37,509 | ▲ 2.3% |
| Other operating charges640/8 | €4,692 | €3,431 | €5,785 | €7,319 | €6,417 | ▼ 12.3% |
| Gross operating margin9900 | €56,376 | €113,393 | €95,641 | €63,075 | €123,428 | ▲ 95.7% |
| Operating profit (loss)9901 | €20,505 | €22,581 | €50,201 | €19,102 | €79,502 | ▲ 316% |
| Financial income75/76B | - | €68 | €546 | €314 | €1,178 | ▲ 275% |
| Recurring financial income75 | - | €68 | €546 | €314 | €1,178 | ▲ 275% |
| Financial charges65/66B | €10,326 | €13,293 | €17,811 | €17,335 | €16,152 | ▼ 6.8% |
| Recurring financial charges65 | €10,326 | €13,293 | €17,811 | €17,335 | €16,152 | ▼ 6.8% |
| Profit (loss) for the period before taxes9903 | €10,179 | €9,356 | €32,935 | €2,081 | €64,528 | ▲ 3,001% |
| Income taxes67/77 | €3,736 | €7,877 | €24,879 | €11,584 | €27,729 | ▲ 139% |
| Profit (loss) for the period9904 | €6,443 | €1,479 | €8,056 | -€9,503 | €36,799 | ▲ 487% |
| Profit (loss) for the period to be appropriated9905 | €6,443 | €1,479 | €8,056 | -€9,503 | €36,799 | ▲ 487% |
| Line | 2022 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €776,184 | €773,003 | €812,095 | €813,846 | €829,490 | ▲ 1.9% |
| Fixed assets21/28 | €757,819 | €702,120 | €663,920 | €646,113 | €621,197 | ▼ 3.9% |
| Tangible fixed assets22/27 | €757,819 | €702,120 | €663,920 | €646,113 | €621,197 | ▼ 3.9% |
| Land and buildings22 | €750,165 | €667,071 | €636,119 | €616,686 | €594,180 | ▼ 3.6% |
| Plant, machinery and equipment23 | - | - | - | - | €1,108 | - |
| Furniture and vehicles24 | €2,406 | €18,954 | €14,003 | €7,392 | €2,606 | ▼ 64.7% |
| Other tangible fixed assets26 | €5,248 | €16,095 | €13,798 | €22,035 | €23,303 | ▲ 5.8% |
| Current assets29/58 | €18,366 | €70,883 | €148,175 | €167,733 | €208,293 | ▲ 24.2% |
| Amounts receivable within one year40/41 | €1,930 | €19,107 | €10,423 | €12,533 | €11,667 | ▼ 6.9% |
| Trade receivables40 | €1,928 | €19,107 | €10,410 | €12,485 | €11,398 | ▼ 8.7% |
| Other amounts receivable41 | €2 | - | €14 | €48 | €269 | ▲ 462% |
| Cash at bank and in hand54/58 | €12,400 | €49,192 | €133,579 | €152,858 | €192,153 | ▲ 25.7% |
| Deferred charges and accrued income490/1 | €4,036 | €2,584 | €4,173 | €2,341 | €4,474 | ▲ 91.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €776,184 | €773,003 | €812,095 | €813,846 | €829,490 | ▲ 1.9% |
| Equity10/15 | €18,991 | €20,470 | €28,525 | €19,023 | €55,822 | ▲ 193% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €4,194 | €4,195 | €4,194 | €4,194 | €4,194 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | €2,334 | €2,335 | €2,334 | €2,334 | €2,334 | = |
| Profit (loss) carried forward14 | -€3,804 | -€2,325 | €5,731 | -€3,772 | €33,028 | ▲ 976% |
| Amounts payable17/49 | €757,193 | €752,533 | €783,570 | €794,823 | €773,668 | ▼ 2.7% |
| Amounts payable after more than one year17 | €619,462 | €600,403 | €566,813 | €533,608 | €499,378 | ▼ 6.4% |
| Financial debts170/4 | €619,462 | €595,928 | €563,713 | €530,508 | €496,278 | ▼ 6.5% |
| Other amounts payable178/9 | - | €4,475 | €3,100 | €3,100 | €3,100 | = |
| Amounts payable within one year42/48 | €137,732 | €152,130 | €212,218 | €256,678 | €271,429 | ▲ 5.7% |
| Current portion of amounts payable after more than one year42 | €38,093 | €33,123 | - | - | - | - |
| Financial debts43 | - | - | €33,139 | €33,205 | €34,230 | ▲ 3.1% |
| Credit institutions430/8 | - | - | €33,139 | €33,205 | €34,230 | ▲ 3.1% |
| Trade debts44 | €9,107 | €51,705 | €61,183 | €98,248 | €96,427 | ▼ 1.9% |
| Suppliers440/4 | €9,107 | €51,705 | €61,183 | €98,248 | €96,427 | ▼ 1.9% |
| Taxes, remuneration and social security45 | €11,443 | €20,730 | €34,195 | €19,738 | €33,733 | ▲ 70.9% |
| Taxes450/3 | €11,443 | €20,730 | €34,195 | €19,738 | €33,733 | ▲ 70.9% |
| Other amounts payable47/48 | €79,089 | €46,572 | €83,701 | €105,487 | €107,039 | ▲ 1.5% |
| Accrued charges and deferred income492/3 | - | - | €4,538 | €4,537 | €2,860 | ▼ 37.0% |
| Line | 2022 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,443 | €1,479 | €8,056 | -€9,503 | €36,799 | ▲ 487% |
| + Depreciation and write-downs630 | €31,180 | €87,381 | €39,656 | €36,654 | €37,509 | ▲ 2.3% |
| Operating cash flow (approximation) | €37,623 | €88,860 | €47,712 | €27,152 | €74,308 | ▲ 174% |
| Investment in fixed assets (approximation) | - | - | -€1,456 | -€18,848 | -€12,592 | ▲ 33.2% |
| Change in cash | - | - | €84,387 | €19,279 | €39,294 | ▲ 104% |
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
04-09
State Gazette act
General meeting · Director resignation
Director appointment · Power of attorney
31-08
State Gazette act
Duration · Capital
Other statement · Share class
19-08
State Gazette act
Incorporation · Founding capital
Name clause · Registered office clause
22-07
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
18-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
03-07
State Gazette act
Incorporation · Founder
Founding capital · Name clause
24-06
State Gazette act
General meeting · Shareholding
Other statement · Registered-office move
24-06
State Gazette act
General meeting · Shareholding
Other statement · Registered-office move
24-06
State Gazette act
Registered office clause · General meeting
Shareholding · Registered-office move
24-06
State Gazette act
General meeting · Shareholding
Registered-office move
26-05
State Gazette act
General meeting · Shareholding
Other statement · Registered-office move
26-05
State Gazette act
General meeting · Shareholding
Registered-office move
Show earlier events
26-05
State Gazette act
General meeting · Shareholding
Other statement · Registered-office move
23-03
State Gazette act
General meeting · Director resignation
Director appointment · Power of attorney
2025
31-12
Financial
Back to profitnet €36,799
Net result €36,799 after one loss-making year.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€9,503
Net result drops to -€9,503, the lowest in the series; recovery starts the following year.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
18-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Back to profitnet €25,225
Net result €25,225 after one loss-making year.
2020
12-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
24-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
10-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Ukkel · 2 establishment units since 2010
Ground area
753 m²
Building footprint
393 m²
Volume, LiDAR
5,108 m³
2 parcels, Brussels · tallest building 19.6 m, ±5 floors. Linked by address, not a title deed.
31
companies at this address
See who is registered here
2 establishment units
Mfinances
since 20102.189.606.734
Zijdeteeltstraat 20, 1180 Ukkel
since 20222.326.379.011
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21612C0003/00D022 | Brussels | 419 m² | 1 · 299 m² | 19.6 m · 5 fl. |
| 21616G0068/00M003 | Brussels | 334 m² | 1 · 94 m² | 9.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,174 companies in sector 69201 we hold annual accounts for 7,641. 6,066 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
Founded08-07-2010
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Contact
Website
mfinances.be/
E-mail
info@mfinances.be
E-mail
mika@mfinances.beUkkel
Phone
0486/97.13.29Ukkel
Fax
02/791.97.22Ukkel
E-invoicing
Reachable via Peppol
Peppol ID
0208:0827635870
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.