MW CONCEPT
ActiveSummary
The computed 12-month bankruptcy probability of MW CONCEPT is 1.9% (moderate). For MW CONCEPT, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show negative equity (-€13,131) and a net result of -€3,236. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 6613 sector peers (fiscal year 2023). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability15▲+15
Solvency13▼-3
Growth32=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 2023Solvency, return and age of the figures
Solvency
-12%
Return on assets
-3%
Age of the figures
33 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline28-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 15-05-2025, 288 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
288 d late
2022
423 d late
2021
201 d late
2020
19 d late
2019
7 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 188 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, full schema
Turnover
€452,361
EBIT margin
4.6%
Net result
-€3,236▲ 95.3%
2022 · -€68,513
Working capital
-€17,803▼ 12.3%
2022 · -€15,851
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Turnover€452,361
Operating result€23,590▲ 81.9%€20,840▼ 11.7%-€1,356-€69,235▼ 5,006%-€1,460▲ 97.9%
Net result€18,981▲ 55.7%€17,638within the sector's middle half▼ 7.1%€908below the sector's middle half▼ 94.9%-€68,513below the sector's middle half-€3,236below the sector's middle half▲ 95.3%
EBIT margin4.6%
Equity€40,072▲ 90.0%€57,710within the sector's middle half▲ 44.0%€58,618within the sector's middle half▲ 1.6%-€9,895below the sector's middle half-€13,131below the sector's middle half▼ 32.7%
Total assets€72,818▲ 37.3%€101,813below the sector's middle half▲ 39.8%€83,002below the sector's middle half▼ 18.5%€109,785below the sector's middle half▲ 32.3%€109,083below the sector's middle half▼ 0.6%
Debt€32,746▲ 2.5%€44,103▲ 34.7%€24,384▼ 44.7%€119,680▲ 391%€122,214▲ 2.1%
Working capital€38,345▲ 84.3%€56,594within the sector's middle half▲ 47.6%€58,113within the sector's middle half▲ 2.7%-€15,851below the sector's middle half-€17,803below the sector's middle half▼ 12.3%
Solvency55.0%▲ 15.3pp56.7%above the sector's middle half▲ 1.7pp70.6%above the sector's middle half▲ 13.9pp-9.0%below the sector's middle half▼ 79.6pp-12.0%below the sector's middle half▼ 3.0pp
Current ratio2.17▲ 0.522.28within the sector's middle half▲ 0.113.38above the sector's middle half▲ 1.100.87below the sector's middle half▼ 2.520.85below the sector's middle half▼ 0.01
Return on assets (ROA)26.1%▲ 3.1pp17.3%above the sector's middle half▼ 8.7pp1.1%within the sector's middle half▼ 16.2pp-62.4%below the sector's middle half▼ 63.5pp-3.0%below the sector's middle half▲ 59.4pp
Staff (FTE)0.5▼ 44.4%1below the sector's middle half▲ 100%2below the sector's middle half▲ 100%2below the sector's middle half=1below the sector's middle half▼ 50.0%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1,460 in 2023 against €69,235 in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €109,083
Fixed assets
€4,672 ▼ 21.6%
Current assets
€104,411 ▲ 0.6%
Key figures and ratios
EBITDA
-€176▲
2022 · -€68,270
Cash flow
-€1,952▲
2022 · -€67,548
Debt to equity
-9.31▲
2022 · -12.09
Interest coverage
-0.10▲
2022 · -38.75
Debt ≤ 1 year
€122,214▲
2022 · €119,680
Staff costs
€51,232▼
2022 · €83,344
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €452,361 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | €72,582 | €83,344 | €51,232 | ▼ 38.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €178 | €611 | €611 | €965 | €1,284 | ▲ 33.1% |
| Other operating charges640/8 | - | - | €593 | €811 | €3,625 | ▲ 347% |
| Gross operating margin9900 | €44,213 | €60,096 | €72,430 | €15,885 | €54,681 | ▲ 244% |
| Operating profit (loss)9901 | €23,590 | €20,840 | -€1,356 | -€69,235 | -€1,460 | ▲ 97.9% |
| Financial income75/76B | - | - | - | €2,484 | - | - |
| Recurring financial income75 | €1,755 | €3,584 | - | €2,484 | - | - |
| Financial charges65/66B | - | - | €851 | €1,762 | €1,776 | ▲ 0.8% |
| Recurring financial charges65 | €990 | €1,915 | €851 | €1,762 | €1,776 | ▲ 0.8% |
| Profit (loss) for the period before taxes9903 | €24,355 | €22,509 | -€2,207 | -€68,513 | -€3,236 | ▲ 95.3% |
| Income taxes67/77 | €5,374 | €4,871 | -€3,115 | - | - | - |
| Profit (loss) for the period9904 | €18,981 | €17,638 | €908 | -€68,513 | -€3,236 | ▲ 95.3% |
| Profit (loss) for the period to be appropriated9905 | €18,981 | €17,638 | €908 | -€68,513 | -€3,236 | ▲ 95.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €72,818 | €101,813 | €83,002 | €109,785 | €109,083 | ▼ 0.6% |
| Fixed assets21/28 | €1,727 | €1,116 | €505 | €5,956 | €4,672 | ▼ 21.6% |
| Tangible fixed assets22/27 | €1,727 | €1,116 | €505 | €5,956 | €4,672 | ▼ 21.6% |
| Plant, machinery and equipment23 | - | - | €505 | - | - | - |
| Furniture and vehicles24 | - | - | - | €5,956 | €4,672 | ▼ 21.6% |
| Current assets29/58 | €71,091 | €100,697 | €82,497 | €103,829 | €104,411 | ▲ 0.6% |
| Stocks and contracts in progress3 | - | €16,000 | €20,000 | - | - | - |
| Stocks30/36 | - | - | €20,000 | - | - | - |
| Amounts receivable within one year40/41 | €51,873 | €84,697 | €61,802 | €103,479 | €104,411 | ▲ 0.9% |
| Trade receivables40 | - | - | €2,088 | €36,209 | €39,598 | ▲ 9.4% |
| Other amounts receivable41 | - | - | €59,714 | €67,270 | €64,813 | ▼ 3.7% |
| Cash at bank and in hand54/58 | €19,218 | - | €695 | €350 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €72,818 | €101,813 | €83,002 | €109,785 | €109,083 | ▼ 0.6% |
| Equity10/15 | €40,072 | €57,710 | €58,618 | -€9,895 | -€13,131 | ▼ 32.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | €18,600 | €18,600 | - | - |
| Issued capital100 | - | - | €18,600 | €18,600 | - | - |
| Reserves13 | €21,472 | €39,110 | €40,018 | €40,018 | €40,018 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €1,860 | - |
| Distributable reserves133 | - | - | €38,158 | €38,158 | €38,158 | = |
| Profit (loss) carried forward14 | -€9,702 | - | - | -€68,513 | -€71,749 | ▼ 4.7% |
| Amounts payable17/49 | €32,746 | €44,103 | €24,384 | €119,680 | €122,214 | ▲ 2.1% |
| Amounts payable within one year42/48 | €32,746 | €44,103 | €24,384 | €119,680 | €122,214 | ▲ 2.1% |
| Current portion of amounts payable after more than one year42 | - | - | €10,000 | - | - | - |
| Financial debts43 | - | - | - | €1,946 | €7,669 | ▲ 294% |
| Credit institutions430/8 | - | - | - | €1,946 | €7,669 | ▲ 294% |
| Trade debts44 | €21,708 | €29,728 | €10,823 | €71,400 | €74,569 | ▲ 4.4% |
| Suppliers440/4 | - | - | €10,823 | €71,400 | €74,569 | ▲ 4.4% |
| Advances received on contracts in progress46 | - | - | - | €34,655 | €34,655 | = |
| Taxes, remuneration and social security45 | - | - | €3,561 | €11,679 | €5,321 | ▼ 54.4% |
| Taxes450/3 | - | - | - | - | €4,913 | - |
| Remuneration and social security454/9 | - | - | €3,561 | €11,679 | €408 | ▼ 96.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,981 | €17,638 | €908 | -€68,513 | -€3,236 | ▲ 95.3% |
| + Depreciation and write-downs630 | €178 | €611 | €611 | €965 | €1,284 | ▲ 33.1% |
| Operating cash flow (approximation) | €19,159 | €18,249 | €1,519 | -€67,548 | -€1,952 | ▲ 97.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€6,416 | €0 | ▲ 100% |
| Change in cash | - | - | - | -€345 | - | - |
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
2025
15-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 288 days late
2024
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 423 days late
2023
17-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 201 days late
2022
31-12
Financial
Weakest financial yearnet -€68,513
Net result drops to -€68,513, the lowest in the series; recovery starts the following year.
2021
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 19 days late
2020
07-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 7 days late
2019
31-12
Financial
Highest result since 2018net €18,981 ▲55.7%
Operating result €23,590, net result €18,981, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 20 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 21 days late
2016
10-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 10 days late
2015
24-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 24 days late
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, Gerpinnes · 1 establishment unit since 2012
Ground area
1,157 m²
Building footprint
172 m²
Volume, LiDAR
946 m³
Parcel 52025C0489/02F000, Wallonia · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MW CONCEPT
since 20122.206.694.768
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52025C0489/02F000 | Wallonia | 1,157 m² | 1 · 171 m² | 7.8 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 1,719 companies in sector 47521 we hold annual accounts for 1,288. 697 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 (pre-2019)
Founded09-02-2012
Fiscal year end31-12
Activities, NACEBEL 2025
47521Retail sale of hardware, building materials, paint and glass (general range)
47522Retail trade
47761Retail sale of flowers, plants, seeds and fertilisers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0843552283
Also
9925:BE0843552283
Registered
04-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.