M&FP
ActiveSummary
M&FP has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €80k and a net result of €40k. Equity is growing by ~12.9% per year across the filed fiscal years. Its solvency ranks better than 71% of 11615 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
90
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+100
Solvency99▼-1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 2.62 against 34.92 in 2023; short-term debt: 26.3% and cash: 52.3% of total assets), and 26.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-03-2025, 128 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
128 d early
2023
78 d early
2022
143 d early
2021
58 d early
2020
82 d early
2019
63 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€80k▲ 14.4%
2023 · €70k
2019: €32k
2020: €47k
2021: €78k
2022: €97k
2023: €70k
2019 → 2024
Total assets
€108k▲ 54.1%
2023 · €70k
2019: €44k
2020: €57k
2021: €82k
2022: €133k
2023: €70k
2019 → 2024
Net result
€40k
2023 · €-18k
2019: €20k
2020: €14k
2021: €12k
2022: €23k
2023: €-18k
2019 → 2024
Working capital
€46k▲ 133%
2023 · €20k
2019: €32k
2020: €44k
2021: €36k
2022: €29k
2023: €20k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€47k-€78k▲ 66.0%€97k▲ 24.7%€70k▼ 28.0%€80k▲ 14.4%
Operating result€21k-€16k▼ 24.7%€20k▲ 25.1%€-27k€38k
Net result€14k-€12k▼ 16.8%€23k▲ 92.0%€-18k€40k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €38k after a loss of €27k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €108k
Fixed assets
€34k ▼ 32.5%
Current assets
€75k ▲ 266%
Equity and liabilities €108k
Equity
€80k ▲ 14.4%
Debt
€29k ▲ 4,789%
Debt's share of the balance-sheet total rises from 0.8% to 26.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€57k▲
2023 · €-8k
Cash flow
€59k▲
2023 · €1k
Current ratio
2.62▼
2023 · 34.92
Quick ratio
2.58▼
2023 · 34.92
Debt to equity
0.36▲
2023 · 0.01
ROE
49.5%▲
2023 · -25.6%
ROA
36.5%▲
2023 · -25.4%
Interest coverage
219.08▲
2023 · -58.39
Debt ≤ 1 year
€29k▲
2023 · €584
Income taxes
€7k
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 · 2024 against 2023 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€70k€108k▲
Fixed assets21/28€50k€34k▼
Intangible fixed assets21€39k€26k▼
Tangible fixed assets22/27€11k€8k▼
Furniture and vehicles24€11k€8k▼
Current assets29/58€20k€75k▲
Stocks and contracts in progress3-€1k
Stocks30/36-€1k
Amounts receivable within one year40/41€6k€16k▲
Trade receivables40€6k€16k▲
Other amounts receivable41-€520
Cash at bank and in hand54/58€13k€57k▲
Deferred charges and accrued income490/1€1k€634▼
Equity and liabilities
Total equity and liabilities10/49€70k€108k▲
Equity10/15€70k€80k▲
Contributions10/11€12k€12k=
Reserves13€46k€48k▲
Distributable reserves133€46k€48k▲
Profit (loss) carried forward14€-18k-
Investment grants15€29k€19k▼
Amounts payable17/49€584€29k▲
Amounts payable within one year42/48€584€29k▲
Trade debts44€247€1k▲
Suppliers440/4€247€1k▲
Taxes, remuneration and social security45€337€7k▲
Taxes450/3€337€7k▲
Other amounts payable47/48-€20k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€19k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€3k
Other operating charges640/8€386€3k▲
Gross operating margin9900€-8k€63k▲
Operating profit (loss)9901€-27k€38k▲
Financial income75/76B€10k€10k▼
Recurring financial income75€10k€10k▼
Financial charges65/66B€139€258▲
Recurring financial charges65€139€258▲
Profit (loss) for the period before taxes9903€-18k€47k▲
Income taxes67/77-€7k
Profit (loss) for the period9904€-18k€40k▲
Profit (loss) for the period to be appropriated9905€-18k€40k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-18k€22k▲
Profit (loss) brought forward from the previous period14P-€-18k
Transfer from equity791/2-€20k
Transfer to equity691/2-€22k
To other reserves6921-€22k
Profit to be distributed694/7-€20k
Return on contributions (dividend)694-€20k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €40k
Net result €40k after one loss-making year.
14-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-18k ▼178%
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 19current ratio 34.92
Current ratio from 1.81 to 34.92; short-term debt falls from €36k to €584.
10-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
03-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
10-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Herve · 1 establishment unit since 2019
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.
Mur du Couvent 1314651 HerveGround area
2,016 m²
Building footprint
102 m²
Volume, LiDAR
708 m³
Parcel 63006D0496/00H000, Wallonia · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
M&FP
since 20192.283.947.548
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63006D0496/00H000 | Wallonia | 2,016 m² | 1 · 102 m² | 9.2 m · 2 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.
Similar companies · same sector, comparable size
LE BUREAU D'EXPERTISES CLAUDE
BE 0441.867.266
Gesves · Eq €79,851
ALPHA 4
BE 0787.281.692
Villers-la-Ville · Eq €79,860
HOPP Consult
BE 0799.344.336
Turnhout · Eq €79,860
BETIC SOCIETE CIVILE D'ARCHITECTES
BE 0424.736.967
Ans · Eq €79,745
Metal Drawing
BE 0797.027.323
Braine-l'Alleud · Eq €79,741
Of 11,550 companies in sector 71121 we hold annual accounts for 6,563. 5,173 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-01-2019
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
01130Growing of vegetables, melons, roots and tubers
28990Manufacture of machinery and equipment not elsewhere classified
47251Retail sale of wines and spirits
74999Other professional, scientific and technical activities
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:michel.mathurin.mandfp@gmail.com
Phone:+32476466084