M-BUILDING
ActiveSummary
M-BUILDING has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €10.99M and a net result of €228k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 83% of 4809 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability48▼-11
Solvency100▲+59
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €800k at 30 days acceptable
Liquidity short (current ratio 0.68 against 0.28 in 2023; short-term debt: 6.5% and cash: 0% of total assets), and 21.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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 2024Solvency, return and age of the figures
Solvency
78.8%
Return on assets
1.6%
Age of the figures
21 mo
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
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €10.99M
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
55 d late
2022
102 d late
2021
58 d late
2020
129 d late
2019
122 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€228k▼ 71.5%
2023 · €800k
Working capital
€-286k▲ 96.6%
2023 · €-8.50M
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
Line20202021202220232024
Operating result€-546k€-673k▼ 23.3%€74k€1.21M▲ 1,546%€581k▼ 52.0%
Net result€15k▼ 95.4%€-1.07M€-287k▲ 73.1%€800k€228k▼ 71.5%
Equity€321k▲ 4.9%€-747k€1.97M€2.77M▲ 40.7%€10.99M▲ 297%
Total assets€16.52M▲ 28.8%€16.28M▼ 1.4%€15.77M▼ 3.1%€17.17M▲ 8.9%€13.94M▼ 18.8%
Debt€16.11M▲ 29.6%€16.94M▲ 5.2%€13.72M▼ 19.0%€14.32M▲ 4.4%€2.95M▼ 79.4%
Working capital€-10.88M▼ 39.2%€-11.87M▼ 9.1%€-9.09M▲ 23.4%€-8.50M▲ 6.5%€-286k▲ 96.6%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 52% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €13.94M
Fixed assets
€13.32M ▼ 3.9%
Current assets
€621k ▼ 81.2%
Equity and liabilities €13.94M
Equity
€10.99M ▲ 297%
Provisions
€0 ▼ 100%
Debt
€2.95M ▼ 79.4%
Debt's share of the balance-sheet total falls from 83.4% to 21.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.14M▼
2023 · €1.78M
Cash flow
€791k▼
2023 · €1.37M
Current ratio
0.68▲
2023 · 0.28
Debt to equity
0.27▼
2023 · 5.18
ROE
2.1%▼
2023 · 28.9%
ROA
1.6%▼
2023 · 4.7%
Interest coverage
3.24▼
2023 · 4.10
Debt ≤ 1 year
€907k▼
2023 · €11.81M
Debt > 1 year
€2.04M▼
2023 · €2.51M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €487k | €550k | €576k | €568k | €563k | ▼ 1.0% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €-4k | €-81k | ▼ 1,794% |
| Other operating charges640/8 | - | €10k | €15k | €9k | €13k | ▲ 52.6% |
| Non-recurring operating charges66A | - | - | - | - | €22k | - |
| Gross operating margin9900 | €-58k | €-113k | €664k | €1.78M | €1.10M | ▼ 38.4% |
| Operating profit (loss)9901 | €-546k | €-673k | €74k | €1.21M | €581k | ▼ 52.0% |
| Financial income75/76B | - | €4k | €6k | €23k | €59 | ▼ 99.7% |
| Recurring financial income75 | €905k | €4k | €6k | €23k | €59 | ▼ 99.7% |
| Financial charges65/66B | - | €400k | €367k | €434k | €353k | ▼ 18.6% |
| Recurring financial charges65 | €344k | €400k | €367k | €434k | €353k | ▼ 18.6% |
| Profit (loss) for the period before taxes9903 | €15k | €-1.07M | €-287k | €800k | €228k | ▼ 71.5% |
| Profit (loss) for the period9904 | €15k | €-1.07M | €-287k | €800k | €228k | ▼ 71.5% |
| Profit (loss) for the period to be appropriated9905 | €15k | €-1.07M | €-287k | €800k | €228k | ▼ 71.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €16.52M | €16.28M | €15.77M | €17.17M | €13.94M | ▼ 18.8% |
| Fixed assets21/28 | €14.92M | €14.61M | €14.39M | €13.86M | €13.32M | ▼ 3.9% |
| Tangible fixed assets22/27 | €14.92M | €14.61M | €14.39M | €13.86M | €13.32M | ▼ 3.9% |
| Land and buildings22 | - | €13.56M | €13.36M | €12.89M | €12.41M | ▼ 3.7% |
| Plant, machinery and equipment23 | - | €45k | €71k | €55k | €34k | ▼ 38.7% |
| Furniture and vehicles24 | - | €297k | €255k | €213k | €171k | ▼ 19.4% |
| Other tangible fixed assets26 | - | €700k | €700k | €700k | €700k | = |
| Financial fixed assets28 | €62 | €62 | €62 | €62 | €62 | = |
| Current assets29/58 | €1.59M | €1.68M | €1.38M | €3.31M | €621k | ▼ 81.2% |
| Amounts receivable within one year40/41 | €1.58M | €1.66M | €1.36M | €2.40M | €608k | ▼ 74.6% |
| Trade receivables40 | - | €500k | €501k | €605k | €582 | ▼ 99.9% |
| Other amounts receivable41 | - | €1.16M | €859k | €1.79M | €608k | ▼ 66.1% |
| Cash at bank and in hand54/58 | €603 | €372 | €368 | €822 | €99 | ▼ 88.0% |
| Deferred charges and accrued income490/1 | - | €15k | €23k | €909k | €12k | ▼ 98.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €16.52M | €16.28M | €15.77M | €17.17M | €13.94M | ▼ 18.8% |
| Equity10/15 | €321k | €-747k | €1.97M | €2.77M | €10.99M | ▲ 297% |
| Contributions10/11 | - | €19k | €3.02M | €3.02M | €10.77M | ▲ 257% |
| Reserves13 | €303k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-38k | €-768k | €-1.06M | €-255k | €-27k | ▲ 89.4% |
| Investment grants15 | - | - | - | - | €239k | - |
| Provisions and deferred taxes16 | €86k | €86k | €86k | €81k | - | - |
| Provisions for liabilities and charges160/5 | - | €86k | €86k | €81k | - | - |
| Other liabilities and charges164/5 | - | €86k | €86k | €81k | - | - |
| Amounts payable17/49 | €16.11M | €16.94M | €13.72M | €14.32M | €2.95M | ▼ 79.4% |
| Amounts payable after more than one year17 | €3.64M | €3.40M | €2.97M | €2.51M | €2.04M | ▼ 18.5% |
| Financial debts170/4 | - | €3.40M | €2.97M | €2.51M | €2.04M | ▼ 18.5% |
| Amounts payable within one year42/48 | €12.47M | €13.54M | €10.48M | €11.81M | €907k | ▼ 92.3% |
| Current portion of amounts payable after more than one year42 | - | €250k | €472k | €472k | €470k | ▼ 0.5% |
| Financial debts43 | - | €25k | €13k | €3k | €29k | ▲ 987% |
| Credit institutions430/8 | - | €25k | €13k | €3k | €29k | ▲ 987% |
| Trade debts44 | €147k | €122k | €44k | €1k | €249 | ▼ 79.7% |
| Suppliers440/4 | - | €122k | €44k | €1k | €249 | ▼ 79.7% |
| Other amounts payable47/48 | - | €13.15M | €9.95M | €11.34M | €409k | ▼ 96.4% |
| Accrued charges and deferred income492/3 | - | - | €272k | €2k | €697 | ▼ 59.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15k | €-1.07M | €-287k | €800k | €228k | ▼ 71.5% |
| + Depreciation and write-downs630 | €487k | €550k | €576k | €568k | €563k | ▼ 1.0% |
| Operating cash flow (approximation) | €502k | €-519k | €289k | €1.37M | €791k | ▼ 42.2% |
| Investment in fixed assets (approximation) | - | €-231k | €-359k | €-40k | €-22k | ▲ 45.3% |
| Change in cash | - | €-232 | €-4 | €454 | €-723 | ▼ 259% |
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
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €10MEq €10.99M ▲297%
2 profitable years in a row build equity to €10.99M.
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 55 days late
2023
31-12
Financial
Back to profitnet €800k
Net result €800k after 2 loss-making years.
31-12
Financial
Equity above €2MEq €2.77M ▲40.7%
Equity rises from €1.97M to €2.77M.
10-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 102 days late
2022
31-12
Financial
Equity above €1MEq €1.97M
Equity rises from €-747k to €1.97M.
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 58 days late
2021
31-12
Financial
Weakest financial yearnet €-1.07M
Net result drops to €-1.07M, the lowest in the series; recovery starts the following year.
07-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 129 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 122 days late
2019
31-12
Financial
Back to profitnet €324k
Net result €324k after one loss-making year.
Show earlier events
31-12
Financial
Equity above €200kEq €306k
Equity rises from €-17k to €306k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 57 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Rochefort · 1 establishment unit since 2012
Ground area
2.6 ha
Building footprint
96 m²
Parcel 91128A0231/00Z000, Wallonia. Linked by address, not a title deed.
1 establishment unit
M-BUILDING
since 20122.218.098.703
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91128A0231/00Z000 | Wallonia | 2.6 ha | 1 · 96 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.
Similar companies · same sector, comparable size
BELTAINE
BE 0456.111.024
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IMMOSANY
BE 0460.905.891
Brecht · Eq €11.04M
CAPTUUR
BE 0445.873.861
Roeselare · Eq €10.87M
GIJBELS CONSTRUCT
BE 0450.289.440
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OUTLET MALL MESSANCY
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Messancy · Eq €11.23M
Of 11,756 companies in sector 68310 we hold annual accounts for 6,904. 943 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
Founded27-09-2012
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
Scores and ratios are computed by Checked and are not a credit decision.