M Build
ActiveSummary
The computed 12-month bankruptcy probability of M Build is 2.2% (moderate). The 2025 annual accounts show equity of €176,065 and a net result of €9,576. Equity is growing by ~5.6% per year across the filed fiscal years. The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+53
Solvency36▲+2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity short (current ratio 0.79 against 1.09 in 2024; short-term debt: 89% and cash: 68.9% of total assets), and 89% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
11%
Return on assets
0.6%
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 29-01-2026, 2 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
2 d early
2024
7 d early
2023
4 d early
2022
1 d early
2021
3 d early
2020
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 3 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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
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Financials · fiscal year 2025, abbreviated schema
Equity
€176,065▲ 5.8%
2024 · €166,489
Total assets
€1.6m▼ 16.4%
2024 · €1.9m
Net result
€9,576
2024 · -€59,136
Working capital
-€293,558
2024 · €162,084
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€213,089€86,938▼ 59.2%€35,344▼ 59.3%€13,404▼ 62.1%€9,563▼ 28.7%
Net result€156,640€57,074▼ 63.6%€6,419▼ 88.8%-€59,136€9,576
Equity€162,132▲ 2,852%€219,206▲ 35.2%€225,625▲ 2.9%€166,489▼ 26.2%€176,065▲ 5.8%
Total assets€1.4m▲ 43.8%€1.5m▲ 7.0%€1.4m▼ 3.3%€1.9m▲ 34.4%€1.6m▼ 16.4%
Debt€1.2m▲ 27.6%€1.3m▲ 3.2%€1.2m▼ 4.4%€1.7m▲ 45.8%€1.4m▼ 18.5%
Working capital€860,880▲ 70.0%€1.1m▲ 30.9%€1.0m▼ 10.7%€162,084▼ 83.9%-€293,558
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 29% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€469,623 ▲ 10,560%
Current assets
€1.1m ▼ 40.9%
Equity and liabilities €1.6m
Equity
€176,065 ▲ 5.8%
Debt
€1.4m ▼ 18.5%
Debt's share of the balance-sheet total falls from 91.3% to 89.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€12,133▼
2024 · €14,493
Cash flow
€12,145▲
2024 · -€58,047
Current ratio
0.79▼
2024 · 1.09
Debt to equity
8.06▼
2024 · 10.47
ROE
5.4%▲
2024 · -35.5%
ROA
0.6%▲
2024 · -3.1%
Interest coverage
12.11▲
2024 · 0.20
Debt ≤ 1 year
€1.4m▼
2024 · €1.7m
Income taxes
€212▼
2024 · €229
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,365 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.7%
went bankrupt
1.4%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 2,365 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 | - | - | €51 | €1,089 | €2,570 | ▲ 136% |
| Other operating charges640/8 | - | €518 | €1,826 | €11,697 | €1,753 | ▼ 85.0% |
| Gross operating margin9900 | €213,437 | €87,455 | €37,221 | €26,190 | €13,886 | ▼ 47.0% |
| Operating profit (loss)9901 | €213,089 | €86,938 | €35,344 | €13,404 | €9,563 | ▼ 28.7% |
| Financial income75/76B | - | €152 | €104 | - | €1,227 | - |
| Recurring financial income75 | €0 | €152 | €104 | - | €1,227 | - |
| Financial charges65/66B | - | €14,145 | €26,200 | €72,311 | €1,002 | ▼ 98.6% |
| Recurring financial charges65 | €10,814 | €14,145 | €26,200 | €72,311 | €1,002 | ▼ 98.6% |
| Profit (loss) for the period before taxes9903 | €202,275 | €72,945 | €9,249 | -€58,907 | €9,788 | ▲ 117% |
| Income taxes67/77 | €45,635 | €15,871 | €2,830 | €229 | €212 | ▼ 7.0% |
| Profit (loss) for the period9904 | €156,640 | €57,074 | €6,419 | -€59,136 | €9,576 | ▲ 116% |
| Profit (loss) for the period to be appropriated9905 | €156,640 | €57,074 | €6,419 | -€59,136 | €9,576 | ▲ 116% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €1.5m | €1.4m | €1.9m | €1.6m | ▼ 16.4% |
| Fixed assets21/28 | - | €100 | €5,494 | €4,405 | €469,623 | ▲ 10,560% |
| Tangible fixed assets22/27 | - | - | €5,394 | €4,305 | €469,523 | ▲ 10,806% |
| Land and buildings22 | - | - | - | - | €466,306 | - |
| Plant, machinery and equipment23 | - | - | €5,394 | €4,305 | €3,216 | ▼ 25.3% |
| Financial fixed assets28 | - | €100 | €100 | €100 | €100 | = |
| Current assets29/58 | €1.4m | €1.5m | €1.4m | €1.9m | €1.1m | ▼ 40.9% |
| Stocks and contracts in progress3 | €1.2m | €1.3m | €1.3m | €1.7m | - | - |
| Stocks30/36 | - | €1.3m | €1.3m | €1.7m | - | - |
| Amounts receivable within one year40/41 | €129,016 | €125,026 | €46,908 | €9,942 | €21,436 | ▲ 116% |
| Trade receivables40 | - | €62,812 | €39,702 | €9,942 | €21,280 | ▲ 114% |
| Other amounts receivable41 | - | €62,215 | €7,206 | - | €156 | - |
| Cash at bank and in hand54/58 | €43,767 | €9,788 | €74,439 | €217,096 | €1.1m | ▲ 407% |
| Deferred charges and accrued income490/1 | - | €2,530 | €5,214 | €4,781 | €4,936 | ▲ 3.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €1.5m | €1.4m | €1.9m | €1.6m | ▼ 16.4% |
| Equity10/15 | €162,132 | €219,206 | €225,625 | €166,489 | €176,065 | ▲ 5.8% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | €142,132 | €199,206 | €205,625 | €146,489 | €156,065 | ▲ 6.5% |
| Amounts payable17/49 | €1.2m | €1.3m | €1.2m | €1.7m | €1.4m | ▼ 18.5% |
| Amounts payable after more than one year17 | €698,264 | €907,439 | €781,638 | - | - | - |
| Financial debts170/4 | - | €907,439 | €781,638 | - | - | - |
| Amounts payable within one year42/48 | €512,194 | €342,075 | €408,914 | €1.7m | €1.4m | ▼ 18.5% |
| Trade debts44 | €47,662 | €64,527 | €65,513 | €14,306 | €3,700 | ▼ 74.1% |
| Suppliers440/4 | - | €64,527 | €65,513 | €14,306 | €3,700 | ▼ 74.1% |
| Taxes, remuneration and social security45 | - | - | €33,212 | - | - | - |
| Taxes450/3 | - | - | €29,783 | - | - | - |
| Remuneration and social security454/9 | - | - | €3,429 | - | - | - |
| Other amounts payable47/48 | - | €277,548 | €310,189 | €1.7m | €1.4m | ▼ 18.1% |
| Accrued charges and deferred income492/3 | - | €600 | €4,640 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €156,640 | €57,074 | €6,419 | -€59,136 | €9,576 | ▲ 116% |
| + Depreciation and write-downs630 | - | - | €51 | €1,089 | €2,570 | ▲ 136% |
| Operating cash flow (approximation) | €156,640 | €57,074 | €6,470 | -€58,047 | €12,145 | ▲ 121% |
| Investment in fixed assets (approximation) | - | - | -€5,445 | €0 | -€467,787 | - |
| Change in cash | - | -€33,979 | €64,651 | €142,657 | €882,717 | ▲ 519% |
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
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Back to profitnet €9,576
Net result €9,576 after one loss-making year.
24-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Weakest financial yearnet -€59,136
Net result drops to -€59,136, the lowest in the series; recovery starts the following year.
27-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Equity above €200,000Eq €219,206 ▲35.2%
2 profitable years in a row build equity to €219,206.
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Back to profitnet €156,640
Net result €156,640 after one loss-making year.
30-06
Financial
Equity above €150,000Eq €162,132 ▲2,852%
Equity rises from €5,492 to €162,132.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Gent · 1 establishment unit since 2019
Ground area
3,867 m²
Building footprint
392 m²
Parcel 44002B0164/00F000, Flanders. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
M-build
since 20192.292.538.877
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44002B0164/00F000 | Flanders | 3,867 m² | 1 · 392 m² | - |
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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 245 EUR awarded · 245 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 245 EUR |
| 2022 | 1 | 245 EUR | 0 EUR |
Identification & contact
Identification
Legal formPrivate limited company
Founded15-07-2019
Fiscal year end30-06
E-invoicing
Reachable via Peppol
Peppol ID
0208:0730713569
Also
9925:BE0730713569
Registered
19-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.