MFL ENERGY
ActiveMFL ENERGY has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €975k and a net result of €81k. Equity is growing by ~20% per year across the filed fiscal years. Its solvency ranks better than 41% of 1991 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▼-4
Solvency64▼-10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 1.66 against 5.0 in 2024; short-term debt: 48.7% and cash: 1.5% of total assets), but 61.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
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
38.5%
Return on assets
3.2%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
10 d late
2024
11 d late
2023
30 d late
2022
30 d late
2021
29 d late
2020
88 d early
2019
64 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€81k▼ 33.8%
2024 · €123k
2018: €63k
2019: €111k
2020: €78k
2021: €70k
2022: €99k
2023: €176k
2024: €123k
2018 → 2025
Working capital
€820k▼ 20.1%
2024 · €1.03M
2018: €422k
2019: €637k
2020: €684k
2021: €470k
2022: €568k
2023: €738k
2024: €1.03M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€496k-€595k▲ 19.9%€772k▲ 29.6%€894k▲ 15.9%€975k▲ 9.1%
Operating result€96k-€141k▲ 46.2%€245k▲ 74.3%€183k▼ 25.3%€131k▼ 28.6%
Net result€70k-€99k▲ 41.9%€176k▲ 78.7%€123k▼ 30.5%€81k▼ 33.8%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 29% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.53M
Fixed assets
€478k▼ 11.1%
Current assets
€2.05M▲ 60.2%
Equity and liabilities €2.53M
Equity
€975k▲ 9.1%
Debt
€1.56M▲ 68.1%
The debt ratio rises from 50.9% to 61.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€195k▼
2024 · €251k
Cash flow
€146k▼
2024 · €191k
Solvency
38.5%▼
2024 · 49.1%
Current ratio
1.66▼
2024 · 5.00
Quick ratio
0.38▼
2024 · 3.80
Debt / equity
1.60▲
2024 · 1.04
ROE
8.3%▼
2024 · 13.7%
ROA
3.2%▼
2024 · 6.7%
Interest coverage
13.42▼
2024 · 34.15
Debt
€1.56M▲
2024 · €926k
Debt ≤ 1 year
€1.23M▲
2024 · €256k
Debt > 1 year
€309k
Income taxes
€37k▼
2024 · €58k
Staff costs
€171k▼
2024 · €179k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.82M€2.53M▲
Fixed assets21/28€537k€478k▼
Tangible fixed assets22/27€524k€464k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€3k€5k▲
Other tangible fixed assets26€518k€457k▼
Financial fixed assets28€14k€14k=
Current assets29/58€1.28M€2.05M▲
Stocks and contracts in progress3€310k€1.59M▲
Stocks30/36€310k€1.59M▲
Amounts receivable within one year40/41€567k€403k▼
Trade receivables40€545k€383k▼
Other amounts receivable41€22k€21k▼
Current investments50/53€124€124=
Cash at bank and in hand54/58€382k€38k▼
Deferred charges and accrued income490/1€23k€28k▲
Equity and liabilities
Total equity and liabilities10/49€1.82M€2.53M▲
Equity10/15€894k€975k▲
Contributions10/11€19k€19k=
Reserves13€788k€869k▲
Tax-exempt reserves132€19k€19k=
Distributable reserves133€769k€850k▲
Profit (loss) carried forward14€88k€88k=
Amounts payable17/49€926k€1.56M▲
Amounts payable after more than one year17-€309k
Financial debts170/4-€309k
Amounts payable within one year42/48€256k€1.23M▲
Trade debts44€111k€159k▲
Suppliers440/4€111k€159k▲
Advances received on contracts in progress46€21k-
Taxes, remuneration and social security45€23k€27k▲
Taxes450/3€16k€20k▲
Remuneration and social security454/9€6k€8k▲
Other amounts payable47/48€102k€1.05M▲
Accrued charges and deferred income492/3€670k€14k▼
Income statement
Code20242025
Remuneration, social security and pensions62€179k€171k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€68k€64k▼
Other operating charges640/8€34k€43k▲
Gross operating margin9900€464k€409k▼
Operating profit (loss)9901€183k€131k▼
Financial income75/76B€5k€2k▼
Recurring financial income75€5k€2k▼
Financial charges65/66B€7k€15k▲
Recurring financial charges65€7k€15k▲
Profit (loss) for the period before taxes9903€180k€118k▼
Income taxes67/77€58k€37k▼
Profit (loss) for the period9904€123k€81k▼
Profit (loss) for the period to be appropriated9905€123k€81k▼
Appropriation of the result
Profit (loss) to be appropriated9906€211k€169k▼
Profit (loss) brought forward from the previous period14P€88k€88k=
Transfer to equity691/2€123k€81k▼
To other reserves6921€123k€81k▼
Social balance
Average headcount (FTE)90876.15.2▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 10 days late
2025
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 11 days late
2024
31-12
Financial
Liquidity triplescurrent ratio 5.00
Current ratio from 1.84 to 5.00; short-term debt falls from €876k to €256k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial
Highest result since 2018net €176k ▲78.7%
Operating result €245k, net result €176k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
31-12
Financial
Equity above €500kEq €595k ▲19.9%
5 profitable years in a row build equity to €595k.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2021
04-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
28-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
12-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Walcourt · 3 establishment units since 2013
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.
Rue de la Thyria(Thy) 455651 WalcourtGround area
4,973 m²
Building footprint
2,017 m²
Volume, LiDAR
16,035 m³
3 parcels, Wallonia · tallest building 34.8 m, ±11 floors. Linked by address, not a title deed.
3 establishment units
MFL ENERGY
since 20132.220.479.161
MFL ENERGY
since 20202.363.054.612
MFL ENERGY
since 20202.379.410.394
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52011D0255/00L005 | Wallonia | 2,217 m² | 1 · 1,383 m² | - |
| 52011B0239/00L158indicative | Wallonia | 2,065 m² | 1 · 517 m² | 34.8 m · 11 fl. |
| 93078C0353/00X000 | Wallonia | 690 m² | 1 · 117 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
2 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
9 categoriesMFL ENERGY SRL41404
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Of 11,553 companies in sector 71121 we hold annual accounts for 6,558. 3,453 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-06-2013
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
71121Engineering and related technical consultancy, excluding land surveyors
41001General construction of residential buildings
68121Development of residential building projects
68122Development of non-residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:info@mflenergy.be
Phone:0473/742808
Phone:+32473742808