Turnover
≈ €5,700 estimated
The accounts state no turnover.
MFirma
Lifetime
9 annual accounts with figures on one time axispeak €6,722 (2018)
€1,327▼ 56.2%
lowest -€5,926 (2023)
€90▼ 96.1%
peak €9,742 (2020)
€2,359▲ 4.0%
€3,001▼ 62.1%
Board1 name since 2016
1 directorMatthias Françoys
Documentsfilings and deeds
29-05-202663 days before the deadline
2025micro format
Gross margin from €3,028 to €1,327Result from €2,344 to €90Debts from €7,925 to €3,001Investments €2,222Cash from €8,989 to €2,357
Key points
from the 2025 annual accountsInvestments
€2,222 5.5 × depreciation
Green is investment, beige is depreciation.
Filings
9 annual accounts 1 late
The 2020 accounts came 5 days late. The other eight were filed on time.
Checked score
95
Excellent
Financially stronger than 58% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%highest value
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.1%▼ -0.3 percentage points vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025lowest value
02-2026: 0.1%● unchanged vs 01-2026lowest value
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 0.86, cash €2,357, halved
Sector: Real estate activities (NACE 68)
Figures for financial year 2025 (filed on 02-06-2026)
Size: total assets €5,359
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 60% of them on solvency, 81% on liquidity, 36% on profitability and 57% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 10,904 companies had the same profile as MFirma has now. Each dot stands for 28 companies, two years later.
95.2%
were still trading
4.0%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of MFirma itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 10,904 companies, not a prediction for MFirma. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 29-05-2026, 63 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
63 days early
2024
42 days early
2023
55 days early
2022
53 days early
2021
27 days early
2020
5 days late
2019
23 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 37 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 8 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0649701347
Change of role: Matthias Françoys, from director, formerly manager to director
Matthias Françoys holds all the shares · General meeting of 22-12-2023 · Gazette deed
Incorporation
published on 09-03-2016 · Gazette deed
First establishment
Leopoldstraat 49, Avelgem
Comparable companies
same main activity, similar in size and ageThese companies have the same main activity as MFirma: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €3,520 and €6,820, founded between 2014 and 2018.
Official details
Source: KBO- Status
- Active since 07-03-2016Normal situation
- Activity
- Real estate agency activitiesNACE 68310and 3 others
- Establishment unit
- 2.251.642.3908580 Avelgem, since 07-03-2016
- Financial year end
- 31 December
- Peppol
- Reachable since 18-11-2025
Annual accounts 2025
- €5,359▼ 47.4%
- Filing
- Filed on 29-05-2026, 63 days before the end of the filing period
Insights on MFirma
MFirma files the micro format. That format states no turnover. The gross margin rose from €1,219 in 2017 to €1,327 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MFirma
- What is the company number of MFirma?
- The company number of MFirma is 0649.701.347. The VAT number is the same number with BE in front: BE 0649.701.347.
- Where is MFirma based?
- The registered office is at Leopoldstraat 49, 8580 Avelgem.Company details
- What does MFirma do?
- According to the KBO register, the main activity is real estate agency activities (NACE 68310).
- What is the legal form of MFirma?
- MFirma is a private limited company (BV).
- When was MFirma founded?
- MFirma was founded on 07-03-2016.
- Is MFirma still active?
- Yes, MFirma is an active enterprise in the KBO register.
- What is the turnover of MFirma?
- The turnover in financial year 2025 is ≈ €5,700. This figure is estimated from the gross margin of €1,327 and 37 comparable companies (NACE 68310). It probably lies between €1,900 and €9,700. It is a rough estimate.Financials
- Is MFirma profitable?
- In financial year 2025, MFirma made a profit of €90.
- Where can I find the annual accounts of MFirma?
- MFirma filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MFirma due?
- MFirma must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.