ML Works
ActiveThe computed 12-month bankruptcy probability of ML Works is 1.9% (moderate). The 2025 annual accounts show equity of €238k and a net result of €67k. Equity is growing by ~32.1% per year across the filed fiscal years. Its solvency ranks better than 78% of 27711 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability94▲+4
Solvency98=
Growth52=
Track record94
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 4.16 against 4.47 in 2024; short-term debt: 18.9% and cash: 19.1% of total assets), and 26.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · 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 →
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
73.1%
Return on assets
20.6%
Age of the figures
9 mo
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 16-07-2026, 15 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
15 d early
2024
15 d early
2023
33 d early
2022
3 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€238k▲ 39.2%
2024 · €171k
2022: €100k
2023: €131k
2024: €171k
2022 → 2025
Total assets
€326k▲ 39.2%
2024 · €234k
2022: €150k
2023: €229k
2024: €234k
2022 → 2025
Net result
€67k▲ 65.9%
2024 · €40k
2022: €95k
2023: €30k
2024: €40k
2022 → 2025
Working capital
€195k▲ 44.7%
2024 · €135k
2022: €92k
2023: €117k
2024: €135k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€100k-€131k▲ 30.3%€171k▲ 30.9%€238k▲ 39.2%
Operating result€126k-€38k▼ 69.6%€47k▲ 22.7%€75k▲ 60.5%
Net result€95k-€30k▼ 68.1%€40k▲ 32.9%€67k▲ 65.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 60% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €326k
Fixed assets
€69k▲ 14.2%
Current assets
€257k▲ 47.9%
Equity and liabilities €326k
Equity
€238k▲ 39.2%
Debt
€88k▲ 39.4%
The debt ratio stays at 26.9%.
Key figures and ratios
EBITDA
€84k▲
2024 · €51k
Cash flow
€76k▲
2024 · €45k
Solvency
73.1%=
2024 · 73.1%
Current ratio
4.16▼
2024 · 4.47
Quick ratio
4.16▼
2024 · 4.47
Debt / equity
0.37▲
2024 · 0.37
ROE
28.1%▲
2024 · 23.6%
ROA
20.6%▲
2024 · 17.3%
Interest coverage
69.20▲
2024 · 36.31
Debt
€88k▲
2024 · €63k
Debt ≤ 1 year
€62k▲
2024 · €39k
Debt > 1 year
€19k▼
2024 · €24k
Income taxes
€18k▲
2024 · €10k
Staff costs
€134k▲
2024 · €127k
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€234k€326k▲
Fixed assets21/28€61k€69k▲
Tangible fixed assets22/27€61k€69k▲
Land and buildings22€34k€32k▼
Plant, machinery and equipment23€15k€13k▼
Furniture and vehicles24€12k€24k▲
Current assets29/58€174k€257k▲
Amounts receivable within one year40/41€155k€192k▲
Trade receivables40€49k€45k▼
Other amounts receivable41€106k€146k▲
Cash at bank and in hand54/58€18k€62k▲
Deferred charges and accrued income490/1-€3k
Equity and liabilities
Total equity and liabilities10/49€234k€326k▲
Equity10/15€171k€238k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€166k€233k▲
Amounts payable17/49€63k€88k▲
Amounts payable after more than one year17€24k€19k▼
Financial debts170/4€24k€19k▼
Amounts payable within one year42/48€39k€62k▲
Current portion of amounts payable after more than one year42€5k€5k▲
Trade debts44€9k€26k▲
Suppliers440/4€9k€26k▲
Taxes, remuneration and social security45€25k€31k▲
Taxes450/3€1k€11k▲
Remuneration and social security454/9€23k€20k▼
Accrued charges and deferred income492/3-€7k
Income statement
Code20242025
Remuneration, social security and pensions62€127k€134k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€9k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€179k€220k▲
Operating profit (loss)9901€47k€75k▲
Financial income75/76B€5k€11k▲
Recurring financial income75€5k€11k▲
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€50k€85k▲
Income taxes67/77€10k€18k▲
Profit (loss) for the period9904€40k€67k▲
Profit (loss) for the period to be appropriated9905€40k€67k▲
Appropriation of the result
Profit (loss) to be appropriated9906€166k€233k▲
Profit (loss) brought forward from the previous period14P€126k€166k▲
The notes to these accounts (6 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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €200kEq €238k ▲39.2%
4 profitable years in a row build equity to €238k.
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150kEq €171k ▲30.9%
3 profitable years in a row build equity to €171k.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €30k ▼68.1%
Net result drops to €30k, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
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, Brasschaat · 1 establishment unit since 2021
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.
Max Hermanlei 74A2930 BrasschaatGround area
674 m²
Building footprint
88 m²
Volume, LiDAR
170 m³
Parcel 11323F0186/00C005, Flanders · tallest building 9.8 m. Linked by address, not a title deed.
1 establishment unit
ML Works
since 20212.319.471.918
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11323F0186/00C005 | Flanders | 674 m² | 1 · 87 m² | 9.8 m |
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.
Similar companies · same sector, comparable size
RENOX
BE 0549.983.268
Arendonk · Eq €238k
EURO ELEVATORS BENELUX
BE 0862.752.939
Courcelles · Eq €239k
Vanheusden Construct Team
BE 0686.693.286
Bilzen-Hoeselt · Eq €239k
TEC CONSTRUCT
BE 0597.950.659
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POOT
BE 0723.932.774
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Of 4,097 companies in sector 43240 we hold annual accounts for 1,631. 1,239 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-06-2021
Fiscal year end31-12
Activities, NACEBEL
43240Other construction installation
43299Specialised construction activities
33120Repair and maintenance of machinery
33200Installation of industrial machinery and equipment
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.