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3M2E

Active
Private limited companyfounded 2001active for 25 yearsDrietorenstraat 14, 1840 Londerzeel, BelgiumKBO/BCE: BE 0475.796.579
Summary

The computed 12-month bankruptcy probability of 3M2E is 6.0% (elevated). The 2023 annual accounts show equity of €563,565 and a net result of €44,765. Equity is growing by about 10% per year across the filed financial years. The company has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2023, micro format, 2025 accounts filed, figures not processed yet

2025 annual accounts filed late (47 days) Filed on 16 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00521813.

Turnover
≈ €330,000
Estimated: probably between €220,000 and €510,000
Total assets
€1.4m▼ 6.7%
2022 · €1.5m
Net result
€44,765▼ 77.3%
2022 · €196,908
Working capital
€74,127▼ 32.3%
2022 · €109,489
Trend over the years

2019 to 2023, 5 financial years 2018 to 2023, 6 financial years

The operating result falls in 2023; 2023 is 66% below 2022 and is the lowest result in the available series.

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

Operating result€0.08m 2023 Net result€0.04m 2023

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

Sector: the middle half of NACE 61, Telecommunications: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line201820192020202120222023
Operating result€0.09m-€0.09m▼ 2.2%€0.08m▼ 10.1%€0.1m▲ 31.6%€0.2m▲ 111%€0.08m▼ 65.5%
Net result-€0.01m-€0.03m€0.03mabove the sector's middle half▼ 4.4%€0.03mabove the sector's middle half▲ 6.3%€0.2mabove the sector's middle half▲ 501%€0.04mabove the sector's middle half▼ 77.3%
Equity€0.3m-€0.4m▲ 9.3%€0.4mabove the sector's middle half▲ 8.1%€0.4mabove the sector's middle half▲ 8.0%€0.5mabove the sector's middle half▲ 17.4%€0.6mabove the sector's middle half▲ 8.6%
Total assets€1.8m-€1.8m▼ 2.2%€1.8mabove the sector's middle half▼ 0.2%€1.6mabove the sector's middle half▼ 9.7%€1.5mabove the sector's middle half▼ 5.3%€1.4mabove the sector's middle half▼ 6.7%
Debt€1.4m-€1.4m▼ 5.0%€1.3m▼ 2.5%€1.1m▼ 15.4%€1.0m▼ 11.7%€0.8m▼ 14.7%
Working capital€0.06m-€0.2m▲ 161%€0.2mabove the sector's middle half▲ 8.8%€0.1mabove the sector's middle half▼ 12.1%€0.1mabove the sector's middle half▼ 25.1%€0.07mwithin the sector's middle half▼ 32.3%
Solvency19.1%-21.3%▲ 2.2pp23.1%within the sector's middle half▲ 1.8pp27.7%within the sector's middle half▲ 4.5pp34.3%within the sector's middle half▲ 6.6pp39.9%within the sector's middle half▲ 5.6pp
Current ratio1.13-1.40▲ 0.271.40within the sector's middle half=1.43within the sector's middle half▲ 0.031.42within the sector's middle half=1.31within the sector's middle half▼ 0.11
Return on assets (ROA)-0.7%-1.8%▲ 2.5pp1.7%within the sector's middle half▼ 0.1pp2.0%within the sector's middle half▲ 0.3pp13.0%within the sector's middle half▲ 11.0pp3.2%within the sector's middle half▼ 9.8pp
above within below the middle half of NACE 61, Telecommunications: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €1.4m
Fixed assets €1.1m ▼ 4.2%
Current assets €314,235 ▼ 14.7%
Equity and liabilities €1.4m
Equity €563,565 ▲ 8.6%
Debt €848,022 ▼ 14.7%
Debt's share of the balance-sheet total falls from 65.7% to 60.1%. Equity is higher and debt is lower.
Key figures and ratios
2023 value · change against 2022
EBITDA
€123,168▼
2022 · €257,714
Cash flow
€92,317▼
2022 · €235,248
Debt to equity
1.50▼
2022 · 1.92
ROE
7.9%▼
2022 · 38.0%
Interest coverage
7.46▼
2022 · 11.47
Debt ≤ 1 year
€240,108▼
2022 · €258,909
Debt > 1 year
€607,914▼
2022 · €722,481
Income taxes
€14,338
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2023 against 2022 · 50 lines
Balance sheet Code20222023
Assets
Total assets20/58€1.5m€1.4m▼
Fixed assets21/28€1.1m€1.1m▼
Tangible fixed assets22/27€0.9m€0.8m▼
Land and buildings22€0.004m€0.8m▲
Plant, machinery and equipment23€0.005m€0.004m▼
Leasing and similar rights25€0.07m€0.05m▼
Other tangible fixed assets26€0.8m-
Financial fixed assets28€0.3m€0.3m=
Current assets29/58€0.4m€0.3m▼
Amounts receivable within one year40/41€0.3m€0.3m▼
Trade receivables40€0.02m€0.02m=
Other amounts receivable41€0.3m€0.3m▼
Cash at bank and in hand54/58€0.04m€0.009m▼
Deferred charges and accrued income490/1€0.002m€0.001m▼
Equity and liabilities
Total equity and liabilities10/49€1.5m€1.4m▼
Equity10/15€0.5m€0.6m▲
Contributions10/11€0.02m€0.02m=
Reserves13€0.002m€0.002m=
Non-distributable reserves130/1€0.002m€0.002m=
Reserves not available under the articles1311€0.002m€0.002m=
Profit (loss) carried forward14€0.5m€0.5m▲
Amounts payable17/49€1.0m€0.8m▼
Amounts payable after more than one year17€0.7m€0.6m▼
Financial debts170/4€0.7m€0.6m▼
Amounts payable within one year42/48€0.3m€0.2m▼
Current portion of amounts payable after more than one year42€0.1m€0.1m▲
Trade debts44€0.004m€0.003m▼
Suppliers440/4€0.004m€0.003m▼
Taxes, remuneration and social security45€0.007m€0.002m▼
Taxes450/3€0.007m€0.002m▼
Other amounts payable47/48€0.1m€0.1m▼
Accrued charges and deferred income492/3€0.01m-
Income statement Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.04m€0.05m▲
Provisions for liabilities and charges: additions (uses and reversals)635/8-€0.03m-
Other operating charges640/8€0.008m€0.01m▲
Non-recurring operating charges66A-€35
Gross operating margin9900€0.2m€0.1m▼
Operating profit (loss)9901€0.2m€0.08m▼
Financial income75/76B€11-
Recurring financial income75€11-
Financial charges65/66B€0.02m€0.02m▼
Recurring financial charges65€0.02m€0.02m▼
Profit (loss) for the period before taxes9903€0.2m€0.06m▼
Income taxes67/77-€0.01m
Profit (loss) for the period9904€0.2m€0.04m▼
Profit (loss) for the period to be appropriated9905€0.2m€0.04m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.6m€0.5m▼
Profit (loss) brought forward from the previous period14P€0.4m€0.5m▲
Profit to be distributed694/7€0.1m-
Directors or managers695€0.1m-

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line201820192020202120222023Change
Non-recurring operating income76A---€34,163---
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€54,085€54,458€54,459€32,881€38,341€47,552▲ 24.0%
Provisions for liabilities and charges: additions (uses and reversals)635/8-----€30,511--
Other operating charges640/8---€16,082€7,952€9,874▲ 24.2%
Non-recurring operating charges66A---€166-€35-
Gross operating margin9900€170,354€152,297€143,756€153,004€235,155€133,077▼ 43.4%
Operating profit (loss)9901€89,843€87,848€78,940€103,875€219,373€75,616▼ 65.5%
Financial income75/76B----€11--
Recurring financial income75----€11--
Financial charges65/66B---€19,967€22,477€16,513▼ 26.5%
Recurring financial charges65€38,232€27,799€25,947€19,967€22,477€16,513▼ 26.5%
Profit (loss) for the period before taxes9903€51,611€60,049€52,992€83,908€196,908€59,103▼ 70.0%
Income taxes67/77€63,428€27,813€22,169€51,152-€14,338-
Profit (loss) for the period9904-€11,817€32,236€30,824€32,756€196,908€44,765▼ 77.3%
Profit (loss) for the period to be appropriated9905-€11,817€32,236€30,824€32,756€196,908€44,765▼ 77.3%
Line201820192020202120222023Change
Assets
Total assets20/58€1.8m€1.8m€1.8m€1.6m€1.5m€1.4m▼ 6.7%
Fixed assets21/28€1.3m€1.2m€1.2m€1.1m€1.1m€1.1m▼ 4.2%
Tangible fixed assets22/27€1.0m€1.0m€0.9m€0.8m€0.9m€0.8m▼ 5.4%
Land and buildings22---€0.002m€0.004m€0.8m▲ 216×
Plant, machinery and equipment23---€0.006m€0.005m€0.004m▼ 22.5%
Leasing and similar rights25----€0.07m€0.05m▼ 21.6%
Other tangible fixed assets26---€0.8m€0.8m--
Financial fixed assets28€0.3m€0.3m€0.3m€0.3m€0.3m€0.3m=
Current assets29/58€0.5m€0.5m€0.6m€0.5m€0.4m€0.3m▼ 14.7%
Amounts receivable within one year40/41€0.5m€0.5m€0.5m€0.4m€0.3m€0.3m▼ 6.8%
Trade receivables40----€0.02m€0.02m=
Other amounts receivable41---€0.4m€0.3m€0.3m▼ 7.1%
Cash at bank and in hand54/58-€0.007m€0.07m€0.1m€0.04m€0.009m▼ 77.9%
Deferred charges and accrued income490/1---€331€0.002m€0.001m▼ 20.5%
Equity and liabilities
Total equity and liabilities10/49€1.8m€1.8m€1.8m€1.6m€1.5m€1.4m▼ 6.7%
Equity10/15€0.3m€0.4m€0.4m€0.4m€0.5m€0.6m▲ 8.6%
Contributions10/11€0.02m€0.02m-€0.02m€0.02m€0.02m=
Reserves13€0.002m€0.002m€0.002m€0.002m€0.002m€0.002m=
Non-distributable reserves130/1---€0.002m€0.002m€0.002m=
Reserves not available under the articles1311---€0.002m€0.002m€0.002m=
Profit (loss) carried forward14€0.3m€0.4m€0.4m€0.4m€0.5m€0.5m▲ 9.0%
Provisions and deferred taxes16€0.03m€0.03m€0.03m€0.03m---
Provisions for liabilities and charges160/5---€0.03m---
Pensions and similar obligations160---€0.03m---
Amounts payable17/49€1.4m€1.4m€1.3m€1.1m€1.0m€0.8m▼ 14.7%
Amounts payable after more than one year17€0.9m€1.0m€0.9m€0.8m€0.7m€0.6m▼ 15.9%
Financial debts170/4---€0.8m€0.7m€0.6m▼ 15.9%
Amounts payable within one year42/48€0.5m€0.4m€0.4m€0.3m€0.3m€0.2m▼ 7.3%
Current portion of amounts payable after more than one year42---€0.09m€0.1m€0.1m▲ 2.3%
Financial debts43---€0.01m---
Other loans439---€0.01m---
Trade debts44€0.07m€0.03m€0.02m€0.02m€0.004m€0.003m▼ 22.5%
Suppliers440/4---€0.02m€0.004m€0.003m▼ 22.5%
Taxes, remuneration and social security45---€0.2m€0.007m€0.002m▼ 72.2%
Taxes450/3---€0.2m€0.007m€0.002m▼ 72.2%
Other amounts payable47/48---€0.04m€0.1m€0.1m▼ 11.1%
Accrued charges and deferred income492/3---€0.008m€0.01m--
Line201820192020202120222023Change
Profit (loss) for the period9904-€11,817€32,236€30,824€32,756€196,908€44,765▼ 77.3%
+ Depreciation and write-downs630€54,085€54,458€54,459€32,881€38,341€47,552▲ 24.0%
Operating cash flow (approximation)€42,268€86,694€85,283€65,637€235,248€92,317▼ 60.8%
Investment in fixed assets (approximation)--€3,732-€2,750€43,855-€74,398€35-
Change in cash--€65,235€34,745-€66,209-€31,578▲ 52.3%

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

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Latest 10 of 24 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 micro format 16-09-2026 2026-00521813
31-12-2024 micro format 03-10-2025 2025-00538028
31-12-2023 micro format 13-08-2024 2024-00342722
31-12-2022 micro format 06-10-2023 2023-00474842
31-12-2021 micro format 07-11-2022 2022-20515614
31-12-2020 micro format 29-10-2021 2021-74700509
31-12-2019 micro format 31-08-2020 2020-49500267
31-12-2018 micro format 30-07-2019 2019-40900498
31-12-2017 micro format 29-11-2018 2018-73200248
31-12-2016 micro format 26-09-2017 2017-63200169

Show all 24 filings

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