MW Engineering
ActiveMW Engineering has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €98k and a net result of €-1k. Equity is growing by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 18% of 8657 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
55
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability34▼-10
Solvency40▼-1
Growth36=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.09 against 0.24 in 2024; short-term debt: 31.5% and cash: 0.1% of total assets), and 85.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 8657 sector peers (2025).
NBB · sector comparisonPosition among 8657 sector peers
Solvency
better than 18%
← weakest
strongest →
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 · 10 filingsDeviation from the deadline
2025
15 d early
2024
36 d late
2023
58 d late
2022
4 d early
2021
58 d early
2020
31 d late
2019
39 d late
← 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, abbreviated schema
Turnover
€109k▼ 3.0%
2021 · €112k
2018: €96k
2019: €96k
2020: €80k
2021: €112k
2018 → 2022
EBIT margin
44.9%▼ 6.9pp
2021 · 51.8%
2018: 38.8%
2019: 15.3%
2020: -152.7%
2021: 51.8%
2018 → 2022
Net result
€-1k
2024 · €13k
2018: €20k
2019: €7k
2020: €-139k
2021: €45k
2022: €36k
2023: €18k
2024: €13k
2018 → 2025
Working capital
€-192k▼ 118%
2024 · €-88k
2018: €39k
2019: €39k
2020: €-264k
2021: €-125k
2022: €-106k
2023: €-87k
2024: €-88k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€112k-€109k▼ 3.0%
Equity€31k-€67k▲ 117%€86k▲ 27.2%€99k▲ 15.4%€98k▼ 1.4%
Operating result€58k-€49k▼ 15.9%€35k▼ 27.4%€43k▲ 20.3%€17k▼ 59.8%
Net result€45k-€36k▼ 19.5%€18k▼ 49.6%€13k▼ 27.8%€-1k
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 60% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €672k
Fixed assets
€653k▲ 11.0%
Current assets
€20k▼ 29.9%
Equity and liabilities €672k
Equity
€98k▼ 1.4%
Debt
€575k▲ 11.2%
The debt ratio rises from 83.9% to 85.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€32k▼
2024 · €58k
Cash flow
€14k▼
2024 · €28k
Solvency
14.5%▼
2024 · 16.1%
Current ratio
0.09▼
2024 · 0.24
Quick ratio
0.09▼
2024 · 0.24
Debt / equity
5.89▲
2024 · 5.23
ROE
-1.4%▼
2024 · 13.4%
ROA
-0.2%▼
2024 · 2.1%
Interest coverage
1.82▼
2024 · 2.76
Debt
€575k▲
2024 · €517k
Debt ≤ 1 year
€212k▲
2024 · €116k
Debt > 1 year
€361k▼
2024 · €394k
Income taxes
€761▼
2024 · €8k
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€616k€672k▲
Fixed assets21/28€588k€653k▲
Tangible fixed assets22/27€452k€516k▲
Land and buildings22€263k€249k▼
Furniture and vehicles24€4k€3k▼
Assets under construction and advance payments27€185k€263k▲
Financial fixed assets28€136k€137k▲
Current assets29/58€28k€20k▼
Amounts receivable within one year40/41€27k€17k▼
Trade receivables40€20k€16k▼
Other amounts receivable41€7k€1k▼
Cash at bank and in hand54/58€0€380▲
Deferred charges and accrued income490/1€353€2k▲
Equity and liabilities
Total equity and liabilities10/49€616k€672k▲
Equity10/15€99k€98k▼
Contributions10/11€36k€36k=
Reserves13€122k€122k=
Distributable reserves133€122k€122k=
Profit (loss) carried forward14€-59k€-60k▼
Amounts payable17/49€517k€575k▲
Amounts payable after more than one year17€394k€361k▼
Financial debts170/4€338k€361k▲
Other amounts payable178/9€57k€0▼
Amounts payable within one year42/48€116k€212k▲
Current portion of amounts payable after more than one year42€23k€37k▲
Financial debts43€14k€10k▼
Credit institutions430/8€14k€10k▼
Trade debts44€60k€13k▼
Suppliers440/4€60k€13k▼
Taxes, remuneration and social security45€14k€9k▼
Taxes450/3€14k€9k▼
Other amounts payable47/48€4k€143k▲
Accrued charges and deferred income492/3€7k€2k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€15k▲
Other operating charges640/8€3k€5k▲
Non-recurring operating charges66A€3k-
Gross operating margin9900€63k€37k▼
Operating profit (loss)9901€43k€17k▼
Financial income75/76B€1-
Recurring financial income75€1-
Financial charges65/66B€21k€18k▼
Recurring financial charges65€21k€18k▼
Profit (loss) for the period before taxes9903€22k€-618▼
Income taxes67/77€8k€761▼
Profit (loss) for the period9904€13k€-1k▼
Profit (loss) for the period to be appropriated9905€13k€-1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-46k€-60k▼
Profit (loss) brought forward from the previous period14P€-59k€-59k▲
Transfer to equity691/2€13k-
To other reserves6921€13k-
The notes to these accounts (18 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 · abbreviated schema
2025
05-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 36 days late
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 58 days late
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
03-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €45k
Net result €45k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-139k ▼2166%
Net result drops to €-139k, the lowest in the series; recovery starts the following year.
08-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 39 days late
2019
31-12
Financial
Equity above €150kEq €151k ▲3.9%
2 profitable years in a row build equity to €151k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Liège · 1 establishment unit since 2011
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 Naimette 124000 LiègeGround area
228 m²
Building footprint
64 m²
Volume, LiDAR
790 m³
Parcel 62818E0233/00C000, Wallonia · tallest building 17.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
MW ENGINEERING
since 20112.200.425.697
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62818E0233/00C000 ProtectedSite or landscape |
Wallonia | 228 m² | 1 · 64 m² | 17.4 m · 4 fl. |
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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 82,569 companies in sector 70200 we hold annual accounts for 52,573. 40,563 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded19-05-2011
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.