M 126
ActiveM 126 has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €63k and a net result of €23k. Equity is growing by ~45.9% per year across the filed fiscal years. Its solvency ranks better than 40% of 18936 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
71
/ 100
Healthy▼ -5 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency24▲+4
Growth32=
Stability100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.05 against 1.13 in 2023), and 83.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
16.8%
Return on assets
6.1%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-08-2025, 19 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
19 d late
2023
8 d late
2022
15 d late
2021
61 d early
2020
13 d early
2019
19 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€63k▲ 57.1%
2023 · €40k
2018: €73k
2019: €-9k
2020: €7k
2021: €12k
2022: €25k
2023: €40k
2018 → 2024
Total assets
€377k▼ 14.7%
2023 · €442k
2018: €522k
2019: €498k
2020: €460k
2021: €453k
2022: €424k
2023: €442k
2018 → 2024
Net result
€23k▲ 50.8%
2023 · €15k
2018: €50k
2019: €-83k
2020: €17k
2021: €5k
2022: €13k
2023: €15k
2018 → 2024
Working capital
€5k▼ 62.9%
2023 · €14k
2018: €13k
2019: €-32k
2020: €-8k
2021: €-5k
2022: €-20k
2023: €14k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€7k-€12k▲ 65.0%€25k▲ 106%€40k▲ 61.0%€63k▲ 57.1%
Operating result€31k-€19k▼ 38.5%€28k▲ 48.3%€35k▲ 25.1%€48k▲ 36.2%
Net result€17k-€5k▼ 72.2%€13k▲ 169%€15k▲ 18.7%€23k▲ 50.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 36% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €377k
Fixed assets
€275k▼ 13.7%
Current assets
€102k▼ 17.1%
Equity and liabilities €377k
Equity
€63k▲ 57.1%
Debt
€314k▼ 21.9%
The debt ratio falls from 90.9% to 83.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€93k▲
2023 · €79k
Cash flow
€69k▲
2023 · €60k
Solvency
16.8%▲
2023 · 9.1%
Current ratio
1.05▼
2023 · 1.13
Quick ratio
0.97▼
2023 · 1.10
Debt / equity
4.97▼
2023 · 9.99
ROE
36.4%▼
2023 · 37.9%
ROA
6.1%▲
2023 · 3.4%
Interest coverage
7.86▲
2023 · 6.36
Debt
€314k▼
2023 · €402k
Debt ≤ 1 year
€97k▼
2023 · €109k
Debt > 1 year
€217k▼
2023 · €291k
Income taxes
€13k▲
2023 · €7k
Staff costs
€150k▼
2023 · €163k
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
Assets
Total assets20/58€442k€377k▼
Fixed assets21/28€318k€275k▼
Tangible fixed assets22/27€317k€273k▼
Land and buildings22€292k€258k▼
Plant, machinery and equipment23€7k€6k▼
Furniture and vehicles24€18k€9k▼
Financial fixed assets28€990€1k▲
Current assets29/58€124k€102k▼
Stocks and contracts in progress3€3k€8k▲
Stocks30/36€3k€8k▲
Amounts receivable within one year40/41€14k€6k▼
Trade receivables40€4k€0▼
Other amounts receivable41€11k€6k▼
Cash at bank and in hand54/58€106k€88k▼
Equity and liabilities
Total equity and liabilities10/49€442k€377k▼
Equity10/15€40k€63k▲
Contributions10/11€78k€78k=
Reserves13€19k€42k▲
Distributable reserves133€19k€42k▲
Profit (loss) carried forward14€-57k€-57k=
Amounts payable17/49€402k€314k▼
Amounts payable after more than one year17€291k€217k▼
Financial debts170/4€291k€217k▼
Amounts payable within one year42/48€109k€97k▼
Current portion of amounts payable after more than one year42€54k€45k▼
Trade debts44€33k€21k▼
Suppliers440/4€33k€21k▼
Taxes, remuneration and social security45€21k€31k▲
Taxes450/3€5k€3k▼
Remuneration and social security454/9€16k€28k▲
Other amounts payable47/48€963€836▼
Accrued charges and deferred income492/3€1k-
Income statement
Code20232024
Remuneration, social security and pensions62€163k€150k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44k€46k▲
Other operating charges640/8€6k€6k▲
Gross operating margin9900€248k€249k▲
Operating profit (loss)9901€35k€48k▲
Financial charges65/66B€12k€12k▼
Recurring financial charges65€12k€12k▼
Profit (loss) for the period before taxes9903€22k€36k▲
Income taxes67/77€7k€13k▲
Profit (loss) for the period9904€15k€23k▲
Profit (loss) for the period to be appropriated9905€15k€23k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-42k€-34k▲
Profit (loss) brought forward from the previous period14P€-57k€-57k=
Transfer to equity691/2€15k€23k▲
To other reserves6921€15k€23k▲
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
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 8 days late
2023
15-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 15 days late
2022
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
18-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 19 days late
2019
31-12
Financial
Weakest financial yearnet €-83k ▼264%
Net result drops to €-83k, the lowest in the series; recovery starts the following year.
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 13 days late
2018
02-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 2 days late
2017
11-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 11 days late
2016
07-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Merelbeke-Melle · 1 establishment unit since 2003
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.
Molenstraat 1269820 Merelbeke-MelleGround area
1,299 m²
Building footprint
368 m²
Volume, LiDAR
2,255 m³
2 parcels, Flanders · tallest building 11.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
APHRODITE
since 20032.133.057.318
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44058B0193/00A003 | Flanders | 1,151 m² | 1 · 220 m² | 8.6 m · 2 fl. |
| 42303F0080/00T005 | Flanders | 148 m² | 1 · 148 m² | 11.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 2 entries · 5,000 EUR awarded · 5,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 2 | 5,000 EUR | 5,000 EUR |
Schemes
Aanwervingsincentive voor langdurig werkzoekenden (AWI) - Stopgezet
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteWetteren2.133.057.318
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PIZZA EVENTS & MORE
BE 0768.237.921
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FOUBERT
BE 0652.816.928
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DE DRIE WEIZEN
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Of 20,231 companies in sector 56111 we hold annual accounts for 11,313. 9,743 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-07-2003
Fiscal year end31-12
Activities, NACEBEL
55302
56101Full-service restaurants
56102Limited-service restaurants
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:09/3681861