M² Design
ActiveSummary
M² Design has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26,036 and a net result of €9,444. Equity is growing by ~5.9% per year across the filed fiscal years. Its solvency ranks better than 39% of 28374 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▲+61
Solvency62▲+3
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 1.59 against 1.45 in 2024; short-term debt: 55.1% and cash: 0.4% of total assets), but 62.8% of the assets are financed with debt.
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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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
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
37.2%
Return on assets
13.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-08-2026, 7 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
7 d late
2024
61 d late
2023
49 d late
2022
31 d late
2021
31 d late
2020
61 d late
2019
95 d late
← 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 48 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 31 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check 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
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€9,444
2024 · -€380
Working capital
€22,646▲ 55.7%
2024 · €14,544
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€2,425▼ 82.9%€21,906▲ 803%-€11,874€3,248€10,806▲ 233%
Net result€656below the sector's middle half▼ 92.7%€17,029within the sector's middle half▲ 2,497%-€13,233below the sector's middle half-€380below the sector's middle half▲ 97.1%€9,444within the sector's middle half
Equity€22,176below the sector's middle half▲ 3.0%€30,205within the sector's middle half▲ 36.2%€16,972below the sector's middle half▼ 43.8%€16,592below the sector's middle half▼ 2.2%€26,036within the sector's middle half▲ 56.9%
Total assets€44,696below the sector's middle half▼ 46.6%€57,330below the sector's middle half▲ 28.3%€37,351below the sector's middle half▼ 34.8%€48,795below the sector's middle half▲ 30.6%€69,993within the sector's middle half▲ 43.4%
Debt€22,520▼ 63.8%€27,125▲ 20.4%€20,379▼ 24.9%€32,203▲ 58.0%€43,957▲ 36.5%
Working capital€20,543within the sector's middle half▼ 46.2%€33,009within the sector's middle half▲ 60.7%€14,805within the sector's middle half▼ 55.1%€14,544within the sector's middle half▼ 1.8%€22,646within the sector's middle half▲ 55.7%
Solvency49.6%within the sector's middle half▲ 23.9pp52.7%within the sector's middle half▲ 3.1pp45.4%within the sector's middle half▼ 7.2pp34.0%within the sector's middle half▼ 11.4pp37.2%within the sector's middle half▲ 3.2pp
Current ratio2.14within the sector's middle half=2.49within the sector's middle half▲ 0.351.73within the sector's middle half▼ 0.761.45within the sector's middle half▼ 0.281.59within the sector's middle half▲ 0.14
Return on assets (ROA)1.5%within the sector's middle half▼ 9.2pp29.7%above the sector's middle half▲ 28.2pp-35.4%below the sector's middle half▼ 65.1pp-0.8%below the sector's middle half▲ 34.6pp13.5%within the sector's middle half▲ 14.3pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 233% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €69,993
Fixed assets
€8,793 ▲ 329%
Current assets
€61,199 ▲ 30.9%
Equity and liabilities €69,993
Equity
€26,036 ▲ 56.9%
Debt
€43,957 ▲ 36.5%
Debt's share of the balance-sheet total falls from 66.0% to 62.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€13,656▲
2024 · €4,007
Cash flow
€12,293▲
2024 · €379
Quick ratio
1.28▼
2024 · 1.41
Debt to equity
1.69▼
2024 · 1.94
ROE
36.3%▲
2024 · -2.3%
Interest coverage
6.92▲
2024 · 0.84
Debt ≤ 1 year
€38,554▲
2024 · €32,203
Debt > 1 year
€5,404
Income taxes
€580▲
2024 · €131
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.8% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 31,371 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 | €5,863 | €5,434 | €1,257 | €760 | €2,849 | ▲ 275% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €528 | - |
| Other operating charges640/8 | - | €62 | €472 | €9,238 | €400 | ▼ 95.7% |
| Gross operating margin9900 | €8,288 | €27,402 | -€10,145 | €13,245 | €14,583 | ▲ 10.1% |
| Operating profit (loss)9901 | €2,425 | €21,906 | -€11,874 | €3,248 | €10,806 | ▲ 233% |
| Financial income75/76B | €0 | €26 | €2 | €1,251 | €1,190 | ▼ 4.8% |
| Recurring financial income75 | €0 | €26 | €2 | €1,251 | €1,190 | ▼ 4.8% |
| Financial charges65/66B | €1,126 | €1,000 | €1,229 | €4,748 | €1,973 | ▼ 58.4% |
| Recurring financial charges65 | €1,126 | €1,000 | €1,229 | €4,748 | €1,973 | ▼ 58.4% |
| Profit (loss) for the period before taxes9903 | €1,300 | €20,932 | -€13,101 | -€249 | €10,024 | ▲ 4,122% |
| Income taxes67/77 | €644 | €3,903 | €132 | €131 | €580 | ▲ 343% |
| Profit (loss) for the period9904 | €656 | €17,029 | -€13,233 | -€380 | €9,444 | ▲ 2,583% |
| Profit (loss) for the period to be appropriated9905 | €656 | €17,029 | -€13,233 | -€380 | €9,444 | ▲ 2,583% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €44,696 | €57,330 | €37,351 | €48,795 | €69,993 | ▲ 43.4% |
| Fixed assets21/28 | €6,174 | €2,196 | €2,308 | €2,048 | €8,793 | ▲ 329% |
| Tangible fixed assets22/27 | €6,174 | €2,196 | €2,308 | €2,048 | €8,793 | ▲ 329% |
| Plant, machinery and equipment23 | €2,207 | €2,196 | €2,308 | €1,549 | €8,544 | ▲ 452% |
| Furniture and vehicles24 | €3,968 | - | - | €499 | €249 | ▼ 50.1% |
| Current assets29/58 | €38,521 | €55,134 | €35,043 | €46,747 | €61,199 | ▲ 30.9% |
| Stocks and contracts in progress3 | €1,425 | €1,425 | €1,425 | €1,425 | €11,930 | ▲ 737% |
| Stocks30/36 | €1,425 | €1,425 | €1,425 | €1,425 | €11,930 | ▲ 737% |
| Amounts receivable within one year40/41 | €28,348 | €25,606 | €29,776 | €40,265 | €47,766 | ▲ 18.6% |
| Trade receivables40 | €10,148 | €7,674 | €20,455 | €20,231 | €22,428 | ▲ 10.9% |
| Other amounts receivable41 | €18,200 | €17,932 | €9,321 | €20,034 | €25,338 | ▲ 26.5% |
| Cash at bank and in hand54/58 | €7,215 | €27,630 | €3,831 | €4,522 | €282 | ▼ 93.8% |
| Deferred charges and accrued income490/1 | €1,533 | €472 | €11 | €535 | €1,222 | ▲ 129% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €44,696 | €57,330 | €37,351 | €48,795 | €69,993 | ▲ 43.4% |
| Equity10/15 | €22,176 | €30,205 | €16,972 | €16,592 | €26,036 | ▲ 56.9% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | €6,200 | - | - | - | - | - |
| Issued capital100 | €18,600 | - | - | - | - | - |
| Uncalled capital101 | €12,400 | - | - | - | - | - |
| Reserves13 | €870 | €8,899 | €8,899 | €8,899 | €8,899 | = |
| Non-distributable reserves130/1 | €870 | €870 | €870 | €870 | €870 | = |
| Legal reserve130 | €870 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €870 | €870 | €870 | €870 | = |
| Distributable reserves133 | - | €8,029 | €8,029 | €8,029 | €8,029 | = |
| Profit (loss) carried forward14 | €15,106 | €15,106 | €1,873 | €1,493 | €10,936 | ▲ 633% |
| Amounts payable17/49 | €22,520 | €27,125 | €20,379 | €32,203 | €43,957 | ▲ 36.5% |
| Amounts payable after more than one year17 | €4,541 | - | - | - | €5,404 | - |
| Financial debts170/4 | €4,541 | - | - | - | €5,404 | - |
| Amounts payable within one year42/48 | €17,979 | €22,125 | €20,238 | €32,203 | €38,554 | ▲ 19.7% |
| Current portion of amounts payable after more than one year42 | - | €353 | - | - | €2,892 | - |
| Financial debts43 | - | - | - | €3,298 | €3,714 | ▲ 12.6% |
| Credit institutions430/8 | - | - | - | €3,298 | €3,714 | ▲ 12.6% |
| Trade debts44 | €13,282 | €1,270 | €6,848 | €17,728 | €26,973 | ▲ 52.1% |
| Suppliers440/4 | €13,282 | €1,270 | €6,848 | €17,728 | €26,973 | ▲ 52.1% |
| Advances received on contracts in progress46 | €55 | €55 | €55 | €9,106 | €4,256 | ▼ 53.3% |
| Taxes, remuneration and social security45 | €4,642 | €11,447 | €4,335 | €2,071 | €720 | ▼ 65.2% |
| Taxes450/3 | €4,642 | €5,447 | €4,335 | €571 | €720 | ▲ 26.0% |
| Remuneration and social security454/9 | - | €6,000 | - | €1,500 | - | - |
| Other amounts payable47/48 | - | €9,000 | €9,000 | - | - | - |
| Accrued charges and deferred income492/3 | - | €5,000 | €141 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €656 | €17,029 | -€13,233 | -€380 | €9,444 | ▲ 2,583% |
| + Depreciation and write-downs630 | €5,863 | €5,434 | €1,257 | €760 | €2,849 | ▲ 275% |
| Operating cash flow (approximation) | €6,519 | €22,463 | -€11,976 | €379 | €12,293 | ▲ 3,141% |
| Investment in fixed assets (approximation) | - | -€1,456 | -€1,369 | -€500 | -€9,594 | ▼ 1,819% |
| Change in cash | - | €20,415 | -€23,799 | €691 | -€4,241 | ▼ 714% |
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
07-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 7 days late
2025
31-12
Financial
Back to profitnet €9,444
Net result €9,444 after 2 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
18-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 49 days late
2023
31-12
Financial
Weakest financial yearnet -€13,233
Net result drops to -€13,233, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €17,029 ▲2,497%
Operating result €21,906, net result €17,029, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 61 days late
2020
03-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 95 days late
2019
17-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 48 days late
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 55 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 57 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Walhain · 1 establishment unit since 2006
Ground area
1,255 m²
Building footprint
65 m²
Parcel 25104B0472/00W000, Wallonia. Linked by address, not a title deed.
1 establishment unit
M² DESIGN
since 20062.157.811.718
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25104B0472/00W000 | Wallonia | 1,255 m² | 1 · 65 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.
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Of 20,025 companies in sector 43320 we hold annual accounts for 9,140. 6,586 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 (pre-2019)
Founded07-09-2006
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
31002Manufacture of furniture
31004Manufacture of dining room, living room, bedroom and bathroom furniture
71112Activities of interior architects
73110Advertising agencies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0883380285
Registered
24-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.