M-CONCEPTS
ActiveSummary
M-CONCEPTS has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-238k) and a net result of €-8k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability34▲+34
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.14 against 0.1 in 2024; short-term debt: 65.8% and cash: 7.8% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-60.8%
Return on assets
-2%
Age of the figures
15 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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-238k
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 07-01-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
64 d early
2023
43 d early
2022
57 d early
2021
41 d early
2020
51 d early
2019
39 d early
← before the deadline
after the deadline →
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 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-238k▼ 3.3%
2024 · €-231k
2019: €36k
2020: €38k▲ +6.9% vs 2019highest in 7 years
2021: €25k▼ -35.1% vs 2020
2022: €-25k▼ -200% vs 2021
2023: €-63k▼ -157% vs 2022
2024: €-231k▼ -264% vs 2023
2025: €-238k▼ -3.3% vs 2024lowest in 7 years
2019 → 2025
Total assets
€392k▼ 5.4%
2024 · €415k
2019: €624khighest in 7 years
2020: €602k▼ -3.5% vs 2019
2021: €595k▼ -1.2% vs 2020
2022: €580k▼ -2.5% vs 2021
2023: €527k▼ -9.1% vs 2022
2024: €415k▼ -21.3% vs 2023
2025: €392k▼ -5.4% vs 2024lowest in 7 years
2019 → 2025
Net result
€-8k▲ 95.4%
2024 · €-167k
2019: €-2k
2020: €2k▲ +240% vs 2019highest in 7 years
2021: €-13k▼ -641% vs 2020
2022: €-49k▼ -270% vs 2021
2023: €-39k▲ +21.7% vs 2022
2024: €-167k▼ -333% vs 2023lowest in 7 years
2025: €-8k▲ +95.4% vs 2024
2019 → 2025
Working capital
€-223k▲ 12.4%
2024 · €-255k
2019: €-31khighest in 7 years
2020: €-71k▼ -133% vs 2019
2021: €-87k▼ -22.5% vs 2020
2022: €-130k▼ -49.0% vs 2021
2023: €-166k▼ -27.8% vs 2022
2024: €-255k▼ -53.6% vs 2023lowest in 7 years
2025: €-223k▲ +12.4% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€25k-€-25k€-63k▼ 157%€-231k▼ 264%€-238k▼ 3.3%
2021: €25khighest in 5 years
2022: €-25k▼ -200% vs 2021
2023: €-63k▼ -157% vs 2022
2024: €-231k▼ -264% vs 2023
2025: €-238k▼ -3.3% vs 2024lowest in 5 years
Operating result€-2k-€-39k▼ 1,805%€-28k▲ 26.8%€-151k▼ 432%€16k
2021: €-2k
2022: €-39k▼ -1805% vs 2021
2023: €-28k▲ +26.8% vs 2022
2024: €-151k▼ -432% vs 2023lowest in 5 years
2025: €16k▲ +111% vs 2024highest in 5 years
Net result€-13k-€-49k▼ 270%€-39k▲ 21.7%€-167k▼ 333%€-8k▲ 95.4%
2021: €-13k
2022: €-49k▼ -270% vs 2021
2023: €-39k▲ +21.7% vs 2022
2024: €-167k▼ -333% vs 2023lowest in 5 years
2025: €-8k▲ +95.4% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €16k after a loss of €151k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €392k
Fixed assets
€358k ▼ 7.2%
Current assets
€35k ▲ 17.2%
Key figures and ratios
EBITDA
€44k▲
2024 · €-112k
Cash flow
€20k▲
2024 · €-128k
Solvency
-60.8%▼
2024 · -55.6%
Current ratio
0.14▲
2024 · 0.10
Debt to equity
-2.65▲
2024 · -2.80
ROA
-2.0%▲
2024 · -40.3%
Interest coverage
2.13▲
2024 · -7.04
Debt
€631k▼
2024 · €646k
Debt ≤ 1 year
€258k▼
2024 · €285k
Debt > 1 year
€373k▲
2024 · €361k
Income taxes
€3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€415k€392k▼
Fixed assets21/28€385k€358k▼
Tangible fixed assets22/27€385k€358k▼
Land and buildings22€385k€358k▼
Current assets29/58€30k€35k▲
Amounts receivable within one year40/41€11k€3k▼
Trade receivables40€5k€3k▼
Other amounts receivable41€6k-
Cash at bank and in hand54/58€17k€31k▲
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€415k€392k▼
Equity10/15€-231k€-238k▼
Contributions10/11€6k€6k=
Reserves13€32k€32k=
Distributable reserves133€32k€32k=
Profit (loss) carried forward14€-269k€-276k▼
Amounts payable17/49€646k€631k▼
Amounts payable after more than one year17€361k€373k▲
Financial debts170/4€361k€373k▲
Amounts payable within one year42/48€285k€258k▼
Current portion of amounts payable after more than one year42€156k€76k▼
Trade debts44€38k€39k▲
Suppliers440/4€38k€39k▲
Taxes, remuneration and social security45-€8k
Taxes450/3-€8k
Other amounts payable47/48€90k€135k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k€28k▼
Other operating charges640/8-€2k
Gross operating margin9900€-112k€46k▲
Operating profit (loss)9901€-151k€16k▲
Financial charges65/66B€16k€20k▲
Recurring financial charges65€16k€20k▲
Profit (loss) for the period before taxes9903€-167k€-4k▲
Income taxes67/77-€3k
Profit (loss) for the period9904€-167k€-8k▲
Profit (loss) for the period to be appropriated9905€-167k€-8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-269k€-276k▼
Profit (loss) brought forward from the previous period14P€-101k€-269k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €55k | €56k | €53k | €40k | €28k | ▼ 30.3% |
| Other operating charges640/8 | - | - | - | - | €2k | - |
| Gross operating margin9900 | €53k | €17k | €25k | €-112k | €46k | ▲ 141% |
| Operating profit (loss)9901 | €-2k | €-39k | €-28k | €-151k | €16k | ▲ 111% |
| Financial income75/76B | - | - | €6 | - | - | - |
| Recurring financial income75 | - | - | €6 | - | - | - |
| Financial charges65/66B | - | €11k | €10k | €16k | €20k | ▲ 28.7% |
| Recurring financial charges65 | €11k | €11k | €10k | €16k | €20k | ▲ 28.7% |
| Profit (loss) for the period before taxes9903 | €-13k | €-49k | €-38k | €-167k | €-4k | ▲ 97.3% |
| Income taxes67/77 | - | - | €628 | - | €3k | - |
| Profit (loss) for the period9904 | €-13k | €-49k | €-39k | €-167k | €-8k | ▲ 95.4% |
| Profit (loss) for the period to be appropriated9905 | €-13k | €-49k | €-39k | €-167k | €-8k | ▲ 95.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €595k | €580k | €527k | €415k | €392k | ▼ 5.4% |
| Fixed assets21/28 | €531k | €475k | €422k | €385k | €358k | ▼ 7.2% |
| Tangible fixed assets22/27 | €531k | €475k | €422k | €385k | €358k | ▼ 7.2% |
| Land and buildings22 | - | €459k | €420k | €385k | €358k | ▼ 7.2% |
| Plant, machinery and equipment23 | - | €4k | €2k | - | - | - |
| Furniture and vehicles24 | - | €12k | - | - | - | - |
| Current assets29/58 | €64k | €105k | €105k | €30k | €35k | ▲ 17.2% |
| Amounts receivable within one year40/41 | €56k | €47k | €665 | €11k | €3k | ▼ 73.5% |
| Trade receivables40 | - | €15k | €665 | €5k | €3k | ▼ 39.0% |
| Other amounts receivable41 | - | €32k | - | €6k | - | - |
| Cash at bank and in hand54/58 | €6k | €9k | €56k | €17k | €31k | ▲ 78.1% |
| Deferred charges and accrued income490/1 | - | €49k | €48k | €1k | €1k | ▲ 1.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €595k | €580k | €527k | €415k | €392k | ▼ 5.4% |
| Equity10/15 | €25k | €-25k | €-63k | €-231k | €-238k | ▼ 3.3% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €32k | €32k | €32k | €32k | €32k | = |
| Non-distributable reserves130/1 | - | €2k | - | - | - | - |
| Reserves not available under the articles1311 | - | €2k | - | - | - | - |
| Distributable reserves133 | - | €30k | €32k | €32k | €32k | = |
| Profit (loss) carried forward14 | €-13k | €-63k | €-101k | €-269k | €-276k | ▼ 2.9% |
| Amounts payable17/49 | €570k | €605k | €591k | €646k | €631k | ▼ 2.3% |
| Amounts payable after more than one year17 | €419k | €370k | €319k | €361k | €373k | ▲ 3.2% |
| Financial debts170/4 | - | €370k | €319k | €361k | €373k | ▲ 3.2% |
| Amounts payable within one year42/48 | €151k | €235k | €271k | €285k | €258k | ▼ 9.3% |
| Current portion of amounts payable after more than one year42 | - | €64k | €38k | €156k | €76k | ▼ 51.0% |
| Trade debts44 | €29k | €39k | €118k | €38k | €39k | ▲ 2.6% |
| Suppliers440/4 | - | €39k | €118k | €38k | €39k | ▲ 2.6% |
| Taxes, remuneration and social security45 | - | - | €4k | - | €8k | - |
| Taxes450/3 | - | - | €4k | - | €8k | - |
| Other amounts payable47/48 | - | €132k | €111k | €90k | €135k | ▲ 49.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-13k | €-49k | €-39k | €-167k | €-8k | ▲ 95.4% |
| + Depreciation and write-downs630 | €55k | €56k | €53k | €40k | €28k | ▼ 30.3% |
| Operating cash flow (approximation) | €41k | €6k | €14k | €-128k | €20k | ▲ 116% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-3k | €0 | ▲ 100% |
| Change in cash | - | €2k | €48k | €-39k | €13k | ▲ 135% |
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
07-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
28-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
30-06
Financial
Weakest financial yearnet €-167k
Net result drops to €-167k, the lowest in the series; recovery starts the following year.
2023
19-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
05-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
21-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
11-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-06
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
2019
23-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
17-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
05-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
09-01
NBB filing
Annual accounts filed
fiscal year 2016 · 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.
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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, Knokke-Heist · 1 establishment unit since 2012
Ground area
530 m²
Building footprint
474 m²
Volume, LiDAR
8,296 m³
2 parcels, Flanders · tallest building 28.3 m, ±7 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
m-concepts
since 20122.208.343.372
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31334B0002/00B000 | Flanders | 333 m² | 1 · 333 m² | 28.3 m · 7 fl. |
| 31334B0058/00C000 | Flanders | 198 m² | 1 · 141 m² | 25.8 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 32,784 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
Founded08-03-2012
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
Scores and ratios are computed by Checked and are not a credit decision.