Skip to content

MW Physio

Active
Private limited companyfounded 2024active for 1 yearRue d'Ormont(K) 75, 7540 Tournai, BelgiumKBO/BCE: BE 1017.619.971
Summary

MW Physio has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €61,319 and a net result of €35,877. The computed 12-month bankruptcy probability is 0.4% (very low).

Financials · financial year 2025, micro format

Equity
€61,319▲ 133%
2024 · €26,275
Total assets
€68,091▲ 78.8%
2024 · €38,080
Net result
€35,877▲ 42.9%
2024 · €25,108
Working capital
€61,319▲ 133%
2024 · €26,275
Trend over the years

2024 to 2025, 2 financial years

The operating result rises in 2025; 2025 is 32% above 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€45,736 2025 Net result€35,877 2025

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line20242025
Operating result€34,603-€45,736▲ 32.2%
Net result€25,108-€35,877▲ 42.9%
Equity€26,275-€61,319▲ 133%
Total assets€38,080-€68,091▲ 78.8%
Debt€11,805-€6,773▼ 42.6%
Working capital€26,275-€61,319▲ 133%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €68,091
Equity €61,319 ▲ 133%
Debt €6,773 ▼ 42.6%
Debt's share of the balance-sheet total falls from 31.0% to 9.9%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€48,734
Cash flow
€38,875
Current ratio
10.05▲
2024 · 3.23
Debt to equity
0.11▼
2024 · 0.45
ROE
58.5%▼
2024 · 95.6%
ROA
52.7%▼
2024 · 65.9%
Interest coverage
over 100
Debt ≤ 1 year
€6,773▼
2024 · €11,805
Income taxes
€9,803▲
2024 · €9,446
Staff costs
€1,760
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 11,280 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 96.6% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
96.6% still going

For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 11,280 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 36 lines
Balance sheet Code20242025
Assets
Total assets20/58€38,080€68,091▲
Current assets29/58€38,080€68,091▲
Amounts receivable within one year40/41€34,279€35,740▲
Trade receivables40€29,275€35,543▲
Other amounts receivable41€5,004€197▼
Cash at bank and in hand54/58€3,801€32,351▲
Equity and liabilities
Total equity and liabilities10/49€38,080€68,091▲
Equity10/15€26,275€61,319▲
Contributions10/11€2,000€2,000=
Reserves13€24,275€24,275=
Distributable reserves133€24,275€24,275=
Profit (loss) carried forward14-€35,044
Amounts payable17/49€11,805€6,773▼
Amounts payable within one year42/48€11,805€6,773▼
Trade debts44€1,527€543▼
Suppliers440/4€1,527€543▼
Taxes, remuneration and social security45€9,446€5,298▼
Taxes450/3€9,446€5,298▼
Other amounts payable47/48€833€932▲
Income statement Code20242025
Remuneration, social security and pensions62-€1,760
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€2,998
Gross operating margin9900€34,603€50,494▲
Operating profit (loss)9901€34,603€45,736▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€50€57▲
Recurring financial charges65€50€57▲
Profit (loss) for the period before taxes9903€34,553€45,680▲
Income taxes67/77€9,446€9,803▲
Profit (loss) for the period9904€25,108€35,877▲
Profit (loss) for the period to be appropriated9905€25,108€35,877▲
Appropriation of the result
Profit (loss) to be appropriated9906€25,108€35,877▲
Transfer to equity691/2€24,275-
To other reserves6921€24,275-
Profit to be distributed694/7€833€833=
Return on contributions (dividend)694€833€833=

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Remuneration, social security and pensions62-€1,760-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€2,998-
Gross operating margin9900€34,603€50,494▲ 45.9%
Operating profit (loss)9901€34,603€45,736▲ 32.2%
Financial income75/76B-€0-
Recurring financial income75-€0-
Financial charges65/66B€50€57▲ 13.0%
Recurring financial charges65€50€57▲ 13.0%
Profit (loss) for the period before taxes9903€34,553€45,680▲ 32.2%
Income taxes67/77€9,446€9,803▲ 3.8%
Profit (loss) for the period9904€25,108€35,877▲ 42.9%
Profit (loss) for the period to be appropriated9905€25,108€35,877▲ 42.9%
Line20242025Change
Assets
Total assets20/58€38,080€68,091▲ 78.8%
Current assets29/58€38,080€68,091▲ 78.8%
Amounts receivable within one year40/41€34,279€35,740▲ 4.3%
Trade receivables40€29,275€35,543▲ 21.4%
Other amounts receivable41€5,004€197▼ 96.1%
Cash at bank and in hand54/58€3,801€32,351▲ 751%
Equity and liabilities
Total equity and liabilities10/49€38,080€68,091▲ 78.8%
Equity10/15€26,275€61,319▲ 133%
Contributions10/11€2,000€2,000=
Reserves13€24,275€24,275=
Distributable reserves133€24,275€24,275=
Profit (loss) carried forward14-€35,044-
Amounts payable17/49€11,805€6,773▼ 42.6%
Amounts payable within one year42/48€11,805€6,773▼ 42.6%
Trade debts44€1,527€543▼ 64.4%
Suppliers440/4€1,527€543▼ 64.4%
Taxes, remuneration and social security45€9,446€5,298▼ 43.9%
Taxes450/3€9,446€5,298▼ 43.9%
Other amounts payable47/48€833€932▲ 11.9%
Line20242025Change
Profit (loss) for the period9904€25,108€35,877▲ 42.9%
+ Depreciation and write-downs630-€2,998-
Operating cash flow (approximation)€25,108€38,875▲ 54.8%
Change in cash-€28,550-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (2)
Financial year Type Filed Reference
31-12-2025 micro format 23-06-2026 2026-00187703
31-12-2024 micro format 23-06-2025 2025-00162283

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.