A process for producing a metal alloy balance wheel by molding includes a) making a mold in the negative shape of the balance wheel; b) obtaining a metal alloy that has a thermal expansion coefficient of less than 25 ppm/° C. and is able to be in an at least partly amorphous state when it is heated to a temperature between its glass transition temperature and its crystallization temperature; c) putting the metal alloy into the mold, the metal alloy being heated to a temperature between its glass transition temperature and its crystallization temperature so as to be hot-molded and to form a balance wheel; d) cooling the metal alloy to obtain a balance wheel made of the metal alloy; and e) releasing the balance wheel obtained in step d) from its mold. The process also includes a step for over-molding flexible centering components in the hub.