M³
ActiveSummary
M³ has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €119,363 and a net result of €36,204. Equity is growing by ~59.8% per year across the filed fiscal years. Its solvency ranks better than 28% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability47▲+1
Solvency31▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity short (current ratio 0.05 against 0.02 in 2024; short-term debt: 21.7% and cash: 1% of total assets), and 93.8% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
6.2%
Return on assets
1.9%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 06-01-2026, 25 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
25 d early
2024
39 d early
2023
29 d early
2022
32 d early
2021
14 d early
2020
4 d early
2019
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 25 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€119,363▲ 43.5%
2024 · €83,159
Total assets
€1.9m▼ 3.0%
2024 · €2.0m
Net result
€36,204▲ 12.0%
2024 · €32,321
Working capital
-€393,793▼ 2.9%
2024 · -€382,840
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€72,636-€70,870▼ 2.4%€86,376▲ 21.9%€89,411▲ 3.5%€92,135▲ 3.0%
Net result€18,143-€14,830▼ 18.3%€32,123▲ 117%€32,321▲ 0.6%€36,204▲ 12.0%
Equity€3,886-€18,716▲ 382%€50,838▲ 172%€83,159▲ 63.6%€119,363▲ 43.5%
Total assets€2.2m-€2.1m▼ 3.7%€2.0m▼ 2.3%€2.0m▼ 2.7%€1.9m▼ 3.0%
Debt€2.2m-€2.1m▼ 4.4%€2.0m▼ 3.9%€1.9m▼ 4.4%€1.8m▼ 5.0%
Working capital-€387,946--€394,688▼ 1.7%-€413,355▼ 4.7%-€382,840▲ 7.4%-€393,793▼ 2.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 3% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.9m
Fixed assets
€1.9m ▼ 3.7%
Current assets
€22,112 ▲ 192%
Equity and liabilities €1.9m
Equity
€119,363 ▲ 43.5%
Debt
€1.8m ▼ 5.0%
Debt's share of the balance-sheet total falls from 95.8% to 93.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€176,898▲
2024 · €171,421
Cash flow
€120,967▲
2024 · €114,330
Current ratio
0.05▲
2024 · 0.02
Debt to equity
15.09▼
2024 · 22.80
ROE
30.3%▼
2024 · 38.9%
ROA
1.9%▲
2024 · 1.6%
Interest coverage
3.16▲
2024 · 3.00
Debt ≤ 1 year
€415,904▲
2024 · €390,425
Debt > 1 year
€1.4m▼
2024 · €1.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,600 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Small
- 5 to 10 years old
- solvency under 10%
- a profit under 5% of the balance sheet
1.6%
went bankrupt
1.7%
stopped otherwise
96%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 1,600 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €75,595 | €78,273 | €79,685 | €82,009 | €84,763 | ▲ 3.4% |
| Other operating charges640/8 | - | €551 | €1,168 | €1,281 | €7,154 | ▲ 459% |
| Gross operating margin9900 | €149,331 | €149,695 | €167,230 | €172,701 | €184,052 | ▲ 6.6% |
| Operating profit (loss)9901 | €72,636 | €70,870 | €86,376 | €89,411 | €92,135 | ▲ 3.0% |
| Financial income75/76B | - | €0 | - | €0 | €0 | ▼ 100% |
| Recurring financial income75 | €2,120 | €0 | - | €0 | €0 | ▼ 100% |
| Financial charges65/66B | - | €56,040 | €54,253 | €57,091 | €55,931 | ▼ 2.0% |
| Recurring financial charges65 | €56,614 | €56,040 | €54,253 | €57,091 | €55,931 | ▼ 2.0% |
| Profit (loss) for the period before taxes9903 | €18,143 | €14,830 | €32,123 | €32,321 | €36,204 | ▲ 12.0% |
| Profit (loss) for the period9904 | €18,143 | €14,830 | €32,123 | €32,321 | €36,204 | ▲ 12.0% |
| Profit (loss) for the period to be appropriated9905 | €18,143 | €14,830 | €32,123 | €32,321 | €36,204 | ▲ 12.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.2m | €2.1m | €2.0m | €2.0m | €1.9m | ▼ 3.0% |
| Fixed assets21/28 | €2.2m | €2.1m | €2.0m | €2.0m | €1.9m | ▼ 3.7% |
| Tangible fixed assets22/27 | €2.2m | €2.1m | €2.0m | €2.0m | €1.9m | ▼ 3.7% |
| Land and buildings22 | - | €2.1m | €2.0m | €2.0m | €1.9m | ▼ 3.9% |
| Plant, machinery and equipment23 | - | €5,400 | €3,600 | €1,800 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | - | €4,726 | - |
| Current assets29/58 | €4,482 | €3,391 | €7,213 | €7,585 | €22,112 | ▲ 192% |
| Amounts receivable within one year40/41 | - | €255 | €2,095 | €7,369 | €1,910 | ▼ 74.1% |
| Trade receivables40 | - | - | - | €4,586 | €1,910 | ▼ 58.3% |
| Other amounts receivable41 | - | €255 | €2,095 | €2,783 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €4,422 | €2,757 | €4,782 | €166 | €18,448 | ▲ 11,039% |
| Deferred charges and accrued income490/1 | - | €380 | €336 | €50 | €1,753 | ▲ 3,388% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.2m | €2.1m | €2.0m | €2.0m | €1.9m | ▼ 3.0% |
| Equity10/15 | €3,886 | €18,716 | €50,838 | €83,159 | €119,363 | ▲ 43.5% |
| Contributions10/11 | - | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Profit (loss) carried forward14 | -€146,114 | -€131,284 | -€99,162 | -€66,841 | -€30,637 | ▲ 54.2% |
| Amounts payable17/49 | €2.2m | €2.1m | €2.0m | €1.9m | €1.8m | ▼ 5.0% |
| Amounts payable after more than one year17 | €1.8m | €1.7m | €1.5m | €1.5m | €1.4m | ▼ 8.1% |
| Financial debts170/4 | - | €1.7m | €1.5m | €1.5m | €1.4m | ▼ 8.1% |
| Amounts payable within one year42/48 | €392,428 | €398,080 | €420,568 | €390,425 | €415,904 | ▲ 6.5% |
| Current portion of amounts payable after more than one year42 | - | €101,619 | €104,022 | €117,122 | €120,245 | ▲ 2.7% |
| Trade debts44 | €3,573 | €361 | €900 | €1,491 | €15,664 | ▲ 951% |
| Suppliers440/4 | - | €361 | €900 | €1,491 | €15,664 | ▲ 951% |
| Taxes, remuneration and social security45 | - | €0 | - | - | €10,754 | - |
| Taxes450/3 | - | €0 | - | - | €10,754 | - |
| Other amounts payable47/48 | - | €296,099 | €315,646 | €271,813 | €269,241 | ▼ 0.9% |
| Accrued charges and deferred income492/3 | - | €11,609 | €12,355 | €17,057 | €16,728 | ▼ 1.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,143 | €14,830 | €32,123 | €32,321 | €36,204 | ▲ 12.0% |
| + Depreciation and write-downs630 | €75,595 | €78,273 | €79,685 | €82,009 | €84,763 | ▲ 3.4% |
| Operating cash flow (approximation) | €93,738 | €93,103 | €111,808 | €114,330 | €120,967 | ▲ 5.8% |
| Investment in fixed assets (approximation) | - | €0 | -€27,198 | -€27,552 | -€11,346 | ▲ 58.8% |
| Change in cash | - | -€1,665 | €2,025 | -€4,616 | €18,282 | ▲ 496% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Highest result since 2019net €36,204 ▲12%
Operating result €92,135, net result €36,204, both a record.
30-06
Financial
Equity above €100,000Eq €119,363 ▲43.5%
5 profitable years in a row build equity to €119,363.
2024
23-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
02-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
30-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
17-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Back to profitnet €18,143
Net result €18,143 after one loss-making year.
27-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
02-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has 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
3 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, Evergem · 1 establishment unit since 2017
Ground area
5,990 m²
Building footprint
2,007 m²
Volume, LiDAR
39 m³
Parcel 44019A1811/00A000, Flanders · tallest building 2.0 m. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
M³
since 20172.268.961.147
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44019A1811/00A000 | Flanders | 5,990 m² | 1 · 2,007 m² | 2.0 m |
Linked by address, not proof of ownership
Good to know
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
Ribon
BE 0704.735.484
Heusden-Zolder · Eq €119,351
KOSMOZ
BE 0471.460.877
Deinze · Eq €119,390
Les Maisons de Juliette
BE 0825.541.363
Namur · Eq €119,235
MOOREA CONSTRUCT
BE 0834.469.719
Bree · Eq €119,540
Nectaria
BE 0400.048.784
Wetteren · Eq €119,577
Of 9,699 companies in sector 68121 we hold annual accounts for 7,385. 5,350 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-09-2017
Fiscal year end30-06
Activities, NACEBEL 2025
68121Development of residential building projects
68201Renting and operating of own or leased residential real estate, excluding social housing
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0681788749
Also
9925:BE0681788749
Registered
23-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.