M

Active

Private limited companyfounded 200224 yrs activeLombardenstraat 2, 2000 Antwerpen, BelgiumKBO/BCE: BE 0476.587.625

M has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €934k and a net result of €130k. Its solvency ranks better than 79% of 1230 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).

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Checked score

Score 2024

100 / 100

Excellent▲ +14 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability70▲+29

Solvency96=

Growth78

Stability100

Bankruptcy probability, 12 months

0.8% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €95k at 30 days acceptable

Liquidity ample (current ratio 3.13 against 3.41 in 2023), and 47% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

53%

Return on assets

7.4%

Age of the figures

20 mo

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-10-2025, 91 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

91 d late

2023

99 d late

2022

66 d late

2021

54 d late

2020

61 d late

2019

106 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Equity

€934k▲ 10.5%

2023 · €845k

2023: €845k

2023 → 2024

Total assets

€1.76M▲ 10.1%

2023 · €1.60M

2023: €1.60M

2023 → 2024

Net result

€130k▲ 88.4%

2023 · €69k

2023: €69k

2023 → 2024

Working capital

€1.09M▲ 10.5%

2023 · €983k

2023: €983k

2023 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20232024Trend

Equity€845k-€934k▲ 10.5%

Operating result€137k-€229k▲ 67.5%

Net result€69k-€130k▲ 88.4%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result rises in 2024; 2024 is 68% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.76M

90.6%

Fixed assets €166k▼ 20.3%

Current assets €1.60M▲ 14.7%

Equity and liabilities €1.76M

53.0%

47.0%

Equity €934k▲ 10.5%

Debt €828k▲ 9.7%

The debt ratio falls from 47.2% to 47.0%: equity grows faster than debt.

Key figures and ratios

2024 value · change against 2023

EBITDA

€278k▲

2023 · €187k

Cash flow

€179k▲

2023 · €119k

Solvency

53.0%▲

2023 · 52.8%

Current ratio

3.13▼

2023 · 3.41

Quick ratio

1.35▲

2023 · 1.21

Debt / equity

0.89▼

2023 · 0.89

ROE

13.9%▲

2023 · 8.2%

ROA

7.4%▲

2023 · 4.3%

Interest coverage

6.61▲

2023 · 4.97

Debt

€828k▲

2023 · €755k

Debt ≤ 1 year

€510k▲

2023 · €408k

Debt > 1 year

€318k▼

2023 · €346k

Income taxes

€58k▲

2023 · €30k

Staff costs

€284k▲

2023 · €275k

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 · 2024 against 2023

Balance sheet Code20232024

Total assets 20/58€1.60M€1.76M▲

Fixed assets 21/28€209k€166k▼

Tangible fixed assets 22/27€202k€160k▼

Financial fixed assets 28€6k€6k=

Current assets 29/58€1.39M€1.60M▲

Stocks & contracts in progress 3€899k€906k▲

Amounts receivable within one year 40/41€13k€60k▲

Cash & bank 54/58€464k€610k▲

Total equity & liabilities 10/49€1.60M€1.76M▲

Equity 10/15€845k€934k▲

Contributions / capital 10/11€244k€244k=

Reserves 13€270k€359k▲

Accumulated profits (losses) 14€331k€331k=

Amounts payable 17/49€755k€828k▲

Amounts payable after one year 17€346k€318k▼

Amounts payable within one year 42/48€408k€510k▲

Trade debts payable within one year 44€228k€291k▲

Income statement Code20232024

Gross operating margin 9900€468k€573k▲

Operating result 9901€137k€229k▲

Financial income 75€0€959▲

Financial charges 65€38k€42k▲

Result before taxes 9903€99k€188k▲

Income taxes 67/77€30k€58k▲

Net result for the period 9904€69k€130k▲

Result to be appropriated 9905€69k€130k▲

Timeline · acts, filings and financial milestones

All 11Gazette 1Filings 10

2025

30-10

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 91 days late

2024

07-11

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 99 days late

2023

05-10

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 66 days late

06-04

State Gazette act Director changes

Philip Van den Abbeele

2022

23-09

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 54 days late

2021

30-09

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 61 days late

2020

14-11

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 106 days late

2019

22-08

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 22 days late

2018

28-08

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 28 days late

2017

21-08

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 21 days late

2016

16-08

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 16 days late

State Gazette actNBB filing

1 of 2 acts read

About the unread acts

Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

2 directors, last change in 2023

EGGERS Marjan

Sole director · since 29-03-2023

Current

29-03-2023 EGGERS Marjan: Appointed as Sole director

29-03-2023 EGGERS Marjan Hendrik Melania: Resigned as Sole director

Not every act has been read: a resignation may be missing here

1 of this company's 2 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.

Location & real-estate footprint

Registered office, Antwerpen · 2 establishment units since 2002

exact location from the address register On OpenStreetMap

Ground area

465 m²

Building footprint

205 m²

Volume, LiDAR

3,826 m³

2 parcels, Flanders · tallest building 25.2 m, ±7 floors. Linked by address, not a title deed.

2 establishment units

Louis