MM FERRONNERIE
ActiveSummary
The computed 12-month bankruptcy probability of MM FERRONNERIE is 2.4% (moderate). The 2025 annual accounts show equity of €68k and a net result of €-8k. Equity is growing by ~29.7% per year across the filed fiscal years. Its solvency ranks better than 68% of 1909 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability24▼-76
Solvency88▲+8
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 2.03 against 2.21 in 2024; short-term debt: 35.8% and cash: 41.6% of total assets), and 36.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
63.3%
Return on assets
-7.7%
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 30-06-2026, 31 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
31 d early
2024
28 d early
2023
30 d early
2022
139 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€68k▼ 10.9%
2024 · €77k
2022: €23klowest in 4 years
2023: €39k▲ +74.3% vs 2022
2024: €77k▲ +95.0% vs 2023highest in 4 years
2025: €68k▼ -10.9% vs 2024
2022 → 2025
Total assets
€108k▼ 22.6%
2024 · €140k
2022: €91k
2023: €89k▼ -2.4% vs 2022lowest in 4 years
2024: €140k▲ +57.7% vs 2023highest in 4 years
2025: €108k▼ -22.6% vs 2024
2022 → 2025
Net result
€-8k
2024 · €37k
2022: €20k
2023: €19k▼ -5.1% vs 2022
2024: €37k▲ +101% vs 2023highest in 4 years
2025: €-8k▼ -122% vs 2024lowest in 4 years
2022 → 2025
Working capital
€40k▼ 41.7%
2024 · €68k
2022: €-6klowest in 4 years
2023: €27k▲ +528% vs 2022
2024: €68k▲ +152% vs 2023highest in 4 years
2025: €40k▼ -41.7% vs 2024
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€23k-€39k▲ 74.3%€77k▲ 95.0%€68k▼ 10.9%
2022: €23klowest in 4 years
2023: €39k▲ +74.3% vs 2022
2024: €77k▲ +95.0% vs 2023highest in 4 years
2025: €68k▼ -10.9% vs 2024
Operating result€24k-€24k▲ 2.2%€51k▲ 110%€-5k
2022: €24k
2023: €24k▲ +2.2% vs 2022
2024: €51k▲ +110% vs 2023highest in 4 years
2025: €-5k▼ -111% vs 2024lowest in 4 years
Net result€20k-€19k▼ 5.1%€37k▲ 101%€-8k
2022: €20k
2023: €19k▼ -5.1% vs 2022
2024: €37k▲ +101% vs 2023highest in 4 years
2025: €-8k▼ -122% vs 2024lowest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €5k after €51k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €108k
Fixed assets
€29k ▲ 104%
Current assets
€79k ▼ 37.2%
Equity and liabilities €108k
Equity
€68k ▼ 10.9%
Debt
€40k ▼ 37.0%
Debt's share of the balance-sheet total falls from 45.1% to 36.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€5k▼
2024 · €64k
Cash flow
€2k▼
2024 · €51k
Current ratio
2.03▼
2024 · 2.21
Quick ratio
2.00▼
2024 · 2.16
Debt to equity
0.58▼
2024 · 0.82
ROE
-12.2%▼
2024 · 48.7%
ROA
-7.7%▼
2024 · 26.8%
Interest coverage
1.75▼
2024 · 84.63
Debt ≤ 1 year
€39k▼
2024 · €57k
Debt > 1 year
€951▼
2024 · €6k
Income taxes
€240▼
2024 · €13k
Staff costs
€4k▲
2024 · €743
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 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€140k€108k▼
Fixed assets21/28€14k€29k▲
Tangible fixed assets22/27€14k€29k▲
Plant, machinery and equipment23€11k€29k▲
Furniture and vehicles24€3k€294▼
Current assets29/58€125k€79k▼
Stocks and contracts in progress3€3k€1k▼
Stocks30/36€3k€1k▼
Amounts receivable within one year40/41€79k€32k▼
Trade receivables40€74k€24k▼
Other amounts receivable41€5k€7k▲
Cash at bank and in hand54/58€43k€45k▲
Deferred charges and accrued income490/1€243€632▲
Equity and liabilities
Total equity and liabilities10/49€140k€108k▼
Equity10/15€77k€68k▼
Contributions10/11€5k€5k=
Reserves13€71k€63k▼
Distributable reserves133€71k€63k▼
Profit (loss) carried forward14€682€353▼
Amounts payable17/49€63k€40k▼
Amounts payable after more than one year17€6k€951▼
Financial debts170/4€6k€951▼
Amounts payable within one year42/48€57k€39k▼
Current portion of amounts payable after more than one year42€7k€5k▼
Trade debts44€16k€3k▼
Suppliers440/4€16k€3k▼
Advances received on contracts in progress46€0€1k▲
Taxes, remuneration and social security45€19k€14k▼
Taxes450/3€19k€13k▼
Remuneration and social security454/9€358€305▼
Other amounts payable47/48€15k€16k▲
Income statement
Code20242025
Remuneration, social security and pensions62€743€4k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€10k▼
Other operating charges640/8€935€830▼
Gross operating margin9900€66k€10k▼
Operating profit (loss)9901€51k€-5k▼
Financial income75/76B€104€15▼
Recurring financial income75€104€15▼
Financial charges65/66B€759€3k▲
Recurring financial charges65€759€3k▲
Profit (loss) for the period before taxes9903€50k€-8k▼
Income taxes67/77€13k€240▼
Profit (loss) for the period9904€37k€-8k▼
Profit (loss) for the period to be appropriated9905€37k€-8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€38k€-8k▼
Profit (loss) brought forward from the previous period14P€324€682▲
Transfer from equity791/2-€8k
Transfer to equity691/2€37k-
To other reserves6921€37k-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €743 | €4k | ▲ 483% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €13k | €13k | €10k | ▼ 24.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €2k | - | - | - | - |
| Other operating charges640/8 | €515 | €788 | €935 | €830 | ▼ 11.2% |
| Gross operating margin9900 | €34k | €38k | €66k | €10k | ▼ 84.9% |
| Operating profit (loss)9901 | €24k | €24k | €51k | €-5k | ▼ 111% |
| Financial income75/76B | €4 | €0 | €104 | €15 | ▼ 86.0% |
| Recurring financial income75 | €4 | €0 | €104 | €15 | ▼ 86.0% |
| Financial charges65/66B | €260 | €982 | €759 | €3k | ▲ 259% |
| Recurring financial charges65 | €260 | €982 | €759 | €3k | ▲ 259% |
| Profit (loss) for the period before taxes9903 | €23k | €23k | €50k | €-8k | ▼ 116% |
| Income taxes67/77 | €4k | €5k | €13k | €240 | ▼ 98.1% |
| Profit (loss) for the period9904 | €20k | €19k | €37k | €-8k | ▼ 122% |
| Profit (loss) for the period to be appropriated9905 | €20k | €19k | €37k | €-8k | ▼ 122% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €91k | €89k | €140k | €108k | ▼ 22.6% |
| Fixed assets21/28 | €37k | €25k | €14k | €29k | ▲ 104% |
| Tangible fixed assets22/27 | €37k | €25k | €14k | €29k | ▲ 104% |
| Plant, machinery and equipment23 | €18k | €14k | €11k | €29k | ▲ 159% |
| Furniture and vehicles24 | €19k | €12k | €3k | €294 | ▼ 90.6% |
| Current assets29/58 | €53k | €63k | €125k | €79k | ▼ 37.2% |
| Stocks and contracts in progress3 | €791 | €7k | €3k | €1k | ▼ 49.8% |
| Stocks30/36 | €791 | €7k | €3k | €1k | ▼ 49.8% |
| Amounts receivable within one year40/41 | €43k | €5k | €79k | €32k | ▼ 59.8% |
| Trade receivables40 | €34k | €5k | €74k | €24k | ▼ 67.1% |
| Other amounts receivable41 | €8k | €542 | €5k | €7k | ▲ 50.1% |
| Cash at bank and in hand54/58 | €10k | €50k | €43k | €45k | ▲ 3.5% |
| Deferred charges and accrued income490/1 | - | €243 | €243 | €632 | ▲ 160% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €91k | €89k | €140k | €108k | ▼ 22.6% |
| Equity10/15 | €23k | €39k | €77k | €68k | ▼ 10.9% |
| Contributions10/11 | €5k | €5k | €5k | €5k | = |
| Reserves13 | €18k | €34k | €71k | €63k | ▼ 11.3% |
| Distributable reserves133 | €18k | €34k | €71k | €63k | ▼ 11.3% |
| Profit (loss) carried forward14 | €63 | €324 | €682 | €353 | ▼ 48.3% |
| Amounts payable17/49 | €68k | €49k | €63k | €40k | ▼ 37.0% |
| Amounts payable after more than one year17 | €8k | €13k | €6k | €951 | ▼ 84.5% |
| Financial debts170/4 | €8k | €13k | €6k | €951 | ▼ 84.5% |
| Amounts payable within one year42/48 | €60k | €36k | €57k | €39k | ▼ 31.9% |
| Current portion of amounts payable after more than one year42 | €3k | €7k | €7k | €5k | ▼ 26.4% |
| Trade debts44 | €19k | €3k | €16k | €3k | ▼ 82.1% |
| Suppliers440/4 | €19k | €3k | €16k | €3k | ▼ 82.1% |
| Advances received on contracts in progress46 | - | €2k | €0 | €1k | - |
| Taxes, remuneration and social security45 | €5k | €6k | €19k | €14k | ▼ 28.9% |
| Taxes450/3 | €5k | €6k | €19k | €13k | ▼ 29.2% |
| Remuneration and social security454/9 | - | - | €358 | €305 | ▼ 14.7% |
| Other amounts payable47/48 | €32k | €19k | €15k | €16k | ▲ 6.3% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20k | €19k | €37k | €-8k | ▼ 122% |
| + Depreciation and write-downs630 | €7k | €13k | €13k | €10k | ▼ 24.0% |
| Operating cash flow (approximation) | €26k | €31k | €51k | €2k | ▼ 96.4% |
| Investment in fixed assets (approximation) | - | €-1k | €-2k | €-25k | ▼ 951% |
| Change in cash | - | €41k | €-7k | €2k | ▲ 121% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2022net €37k ▲101%
Operating result €51k, net result €37k, both a record.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-03
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.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Herve · 1 establishment unit since 2022
Ground area
3,602 m²
Building footprint
511 m²
Volume, LiDAR
2,762 m³
Parcel 63006D0361/00N000, Wallonia · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
MM FERRONNERIE
since 20222.331.397.176
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63006D0361/00N000 | Wallonia | 3,602 m² | 1 · 511 m² | 7.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,984 companies in sector 25110 we hold annual accounts for 2,145. 1,527 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
Founded21-04-2022
Fiscal year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
25120Manufacture of fabricated metal products, except machinery and equipment
25401Forging of metal
25999Manufacture of fabricated metal products, except machinery and equipment
Contact
E-mail
mickaelmichel01@hotmail.comHerve
Phone
+32(0)497624189Herve
Scores and ratios are computed by Checked and are not a credit decision.