M-DOORS

Active

Private limited companyfounded 2008active for 18 yearsBrechtsebaan 40, 2900 Schoten, BelgiumKBO/BCE: BE 0895.651.973

From the official registers: KBO 18 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The computed 12-month bankruptcy probability of M-DOORS is 2.1% (moderate). The 2025 annual accounts show negative equity (-€125,520) and a net result of -€137,537. Equity is shrinking by about 30% per year across the filed financial years. Its solvency ranks better than 8% of 9,811 sector peers (NACE 46, financial year 2025). The company has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow Report Compare

M-DOORSActiveChecked score 51/100

Risk analysis Report Compare

Official details

KBO

Status: Active since 12-02-2008 Normal situation
Legal form: Private limited company
Registered office: Brechtsebaan 40, 2900 Schoten
Activity: Wholesale of timber NACE 46832and 2 others
Establishment unit: 2.168.729.760 2900 Schoten, since 11-02-2008
Financial year end: 31 December
Peppol: Reachable since 30-08-2023

Company details

Who decides

Board

LybelleDirector · permanent representative Jeroen Lybaert

Shareholders

Lybelle90%annual accounts 2025

Board & ownership

How it is doing

51 Fair Checked score 2025

Bankruptcy probabilitywithin 12 months: 2.1%

Annual accounts 2025

Gross margin: -€100,494
Loss: €137,537
Equity: -€125,520
Total assets: €321,445; ▼ 31.5%
Staff: 0.3 FTE; ▼ 78.6%

Turnover not published (abbreviated or micro format)2025 accounts 18 days early

Filed on 13-07-2026at the National Bank

Financials

Why 51raises riskLoss of €137,537 (financial year 2025)Negative equity -€125,520lowers riskSize: 0.3 FTE, total assets €321,445Liquidity: current ratio 4.35, cash €12,742, halvedShow the evidence

Checked score

Score 2025

51 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 15% of its sector peers (NACE 46, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 0-28

equity -39.0% of total assets

Liquidity 49-18

short-term debt 19.7% · cash 4.0%

Profitability 0-77

return on assets -42.8%

Bankruptcy probability, 12 months

2.1% Moderate

0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,900 companies, NACE 46, micro)

Last 24 months 11-2024: 0.8% 12-2024: 0.8%● unchanged vs 11-2024 01-2025: 0.8%● unchanged vs 12-2024 02-2025: 0.8%● unchanged vs 01-2025 03-2025: 0.8%● unchanged vs 02-2025 04-2025: 0.9%▲ +0.1 percentage points vs 03-2025 05-2025: 0.9%● unchanged vs 04-2025 06-2025: 0.8%▼ -0.1 percentage points vs 05-2025 07-2025: 0.9%▲ +0.1 percentage points vs 06-2025 08-2025: 0.4%▼ -0.5 percentage points vs 07-2025lowest value 09-2025: 0.4%● unchanged vs 08-2025lowest value 10-2025: 0.4%● unchanged vs 09-2025lowest value 11-2025: 0.4%● unchanged vs 10-2025lowest value 12-2025: 0.4%● unchanged vs 11-2025lowest value 01-2026: 0.4%● unchanged vs 12-2025lowest value 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 2.1%▲ +1.7 percentage points vs 07-2026highest value 09-2026: 2.1%● unchanged vs 08-2026highest value 10-2026: 2.1%● unchanged vs 09-2026highest value

No credit on open account

Liquidity ample (current ratio 4.35, compared with 9.18 in 2024, above the usual 1.5; short-term debt: 19.7% and cash: 4% of total assets), but equity is negative.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro): better than 6% on solvency, 48% on liquidity, 6% on profitability and 1% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises riskneutral

Loss of €137,537 (financial year 2025)

NBB · annual accounts

Negative equity -€125,520

NBB · annual accounts

Size: 0.3 FTE, total assets €321,445

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Liquidity: current ratio 4.35, cash €12,742, halved

NBB · annual accounts

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

1819202122232425

2018 to 2025 · latest year -€125,520

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

18 days early

2024

31 days early

2023

16 days early

2022

12 days early

2021

17 days early

2020

30 days early

2019

21 days 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 15 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 July (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

01-11-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

Key points

Risk: Negative equityfinancial year 2025: debts exceed assets -€125,520 View
Caution: From profit to loss in 2025after €32,693 in 2024 -€137,537 View
Caution: Among the weakest 6% on net resultsector median €26,870 · 9,790 companies -€137,537 View
Positive: Filed on time since financial year 2020accounts within the deadline every year 6 years View

Documents

Key facts about M-DOORS

What is the company number of M-DOORS?: 0895.651.973. In Belgium the VAT number is the company number with BE in front: BE 0895.651.973.
Where is M-DOORS based?: The registered office is at Brechtsebaan 40, 2900 Schoten.Company details
What does M-DOORS do?: According to the KBO register, the main activity is wholesale of timber (NACE 46832).
What is the legal form of M-DOORS?: Private limited company (BV).
When was M-DOORS founded?: On 12-02-2008.
Is M-DOORS still active?: Yes, M-DOORS is an active enterprise in the KBO register.
How many employees does M-DOORS have?: On average 0.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of M-DOORS?: The annual accounts for financial year 2025 state no turnover: the abbreviated or micro format does not require it.
Is M-DOORS profitable?: In financial year 2025, M-DOORS made a loss of €137,537.
Where can I find the annual accounts of M-DOORS?: M-DOORS filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of M-DOORS due?: By 31-07-2027, for financial year 2026.Timeline