MNF-Tech
MNF-Tech has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.66M and a net result of €2.39M. Equity is shrinking by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 45% of 189 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
| Equity | €3.66M |
| Net result | €2.39M |
| Staff (FTE) | 110.9 |
| Better than sector | 45% |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 30.5% | 35.1% | |
| Net result | €2.39M | €10k | |
| Equity | €3.66M | €45k | |
| Staff costs | €9.40M | €53k | |
| Total assets | €11.99M | €139k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | full schema | full schema | abbreviated schema | abbreviated schema |
| Revenue | €22.17M | €19.76M | - | - |
| EBITDA | €4.58M | €2.93M | €2.60M | €2.80M |
| Net profit | €2.39M | €1.32M | €1.22M | €1.47M |
| Cash flow | €3.48M | €2.25M | €2.05M | €2.20M |
| Staff costs | €9.40M | €7.39M | €4.73M | €3.89M |
| Income taxes | €906k | €553k | €476k | €538k |
| Dividends | €1.50M | €3.25M | €0 | €410k |
| Total assets | €11.99M | €9.51M | €8.55M | €6.92M |
| Equity | €3.66M | €2.77M | €4.70M | €3.48M |
| Debt | €7.91M | €6.54M | €3.85M | €3.44M |
| of which ≤ 1y | €4.45M | €2.48M | €1.42M | €1.35M |
| of which > 1y | €3.45M | €4.05M | €2.43M | €2.09M |
| Working capital | €516k | €1.38M | €2.36M | €1.11M |
| Employees (FTE) | 110.9 | 97.6 | 69.3 | 62.3 |
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 1.12 | 1.56 | 2.66 | 1.83 |
| Quick ratio | 1.12 | 1.56 | 2.66 | 1.83 |
| Working capital ratio | 4.3% | 14.5% | 27.6% | 16.1% |
| Solvency | 30.5% | 29.1% | 55.0% | 50.3% |
| Debt / equity | 2.16 | 2.36 | 0.82 | 0.99 |
| Long-term debt ratio | 0.94 | 1.46 | 0.52 | 0.60 |
| Interest coverage | 23.99 | 23.52 | 33.81 | 46.03 |
| Gross margin | 71.6% | 64.1% | - | - |
| Net margin | 10.8% | 6.7% | - | - |
| ROA | 19.9% | 13.9% | 14.3% | 21.2% |
| ROE | 65.4% | 47.6% | 26.0% | 42.1% |
| EBITDA margin | 20.7% | 14.8% | - | - |
| Days sales outstanding | 10d | 27d | - | - |
| Days payable outstanding | 84d | 33d | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | 0d | 0d | - | - |
Full annual accounts (28 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €11.99M | €9.51M | €8.55M | €6.92M |
| Fixed assets | 21/28 | €7.03M | €5.64M | €4.77M | €4.46M |
| Tangible fixed assets | 22/27 | €4.81M | €5.44M | €4.77M | €4.46M |
| Financial fixed assets | 28 | €2.21M | €203k | €830 | €830 |
| Current assets | 29/58 | €4.96M | €3.86M | €3.78M | €2.46M |
| Stocks & contracts in progress | 3 | €0 | €0 | - | - |
| Amounts receivable within one year | 40/41 | €2.13M | €1.68M | €1.91M | €1.65M |
| Investments | 50/53 | €1.75M | €1.00M | - | - |
| Cash & bank | 54/58 | €979k | €1.14M | €1.85M | €727k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €11.99M | €9.51M | €8.55M | €6.92M |
| Equity | 10/15 | €3.66M | €2.77M | €4.70M | €3.48M |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k |
| Reserves | 13 | €3.64M | €2.75M | €4.68M | €502k |
| Accumulated profits (losses) | 14 | - | - | €0 | €2.96M |
| Provisions & deferred taxes | 16 | €425k | €202k | - | - |
| Amounts payable | 17/49 | €7.91M | €6.54M | €3.85M | €3.44M |
| Amounts payable after one year | 17 | €3.45M | €4.05M | €2.43M | €2.09M |
| Amounts payable within one year | 42/48 | €4.45M | €2.48M | €1.42M | €1.35M |
| Trade debts payable within one year | 44 | €1.45M | €644k | €164k | €452k |
| Income statement | |||||
| Turnover | 70 | €22.17M | €19.76M | - | - |
| Gross operating margin | 9900 | - | - | €7.38M | €6.81M |
| Operating result | 9901 | €3.50M | €2.00M | €1.77M | €2.06M |
| Financial income | 75 | €4k | €14k | €5k | €556 |
| Financial charges | 65 | €204k | €140k | €77k | €61k |
| Result before taxes | 9903 | €3.30M | €1.87M | €1.70M | €2.00M |
| Income taxes | 67/77 | €906k | €553k | €476k | €538k |
| Net result for the period | 9904 | €2.39M | €1.32M | €1.22M | €1.47M |
| Result to be appropriated | 9905 | €2.39M | €1.32M | €1.22M | €1.47M |
| NACE primary | Civil engineering(42211) |
| Legal form | Private limited company(610) |
| Incorporation | 16-06-2010 |
| Status | Active |
| Postal code | 9160 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46384D0694/00C000 | Flanders | 9,999 m² | 1 · 4,020 m² | 0.1 m |
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
04-11-2022 Registered office moved to Lokeren
- 9160 Lokeren - Metaalbewerkersstraat 5
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "9160 Lokeren - Metaalbewerkersstraat 5",
"city": "Lokeren",
"region": "vlaams_gewest",
"street": "Metaalbewerkersstraat",
"country": "BE",
"postcode": "9160",
"box_number": null,
"street_number": "5",
"locality_suffix": null
},
"old_address": null,
"effective_date": "2022-10-14",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "inferred",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2022-11-04",
"filing_date": "2022-10-24",
"act_kind_objet": "Zetel"
},
"decision": {
"body": "bijzondere_algemene_vergadering",
"date": "2022-10-14",
"unanimous": null
},
"subject_company": {
"kbo": "0826.704.274",
"name_full": "MNF-TECH",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Kandemir Fatih",
"org_rep_person_name": null,
"person_role_at_subject": "Bestuurder"
},
"co_filed_documents": [
"Bijlagen bij het Belgisch Staatsblad",
"Annexes du Moniteur belge"
]
}| Legal nameNL | MNF-Tech |