Equity
€8.4m ▲ 2.2%
M-GROUP has made a profit without a break since 2019.
M-GROUP
Lifetime
19 annual accounts with figures on one time axis, 32 filings since 1991peak €2.6m (2018)
€1.3m▼ 9.5%
lowest -€3.8m (2018)
€185,486▼ 25.4%
peak €11.1m (2016)
€8.4m▲ 2.2%
€9.9m▲ 15.5%
Board5 names since 2021
1 directorD & B
Owners3 names in the annual accounts
100%D & B
Documentsfilings and deeds
20-07-202611 days before the deadline
2025abbreviated format
Result from €248,637 to €185,486Debts from €8.6m to €9.9mCash from €158,900 to €213,658
Key points
from the 2025 annual accountsResult
€185,486 ▼ 25.4%
The result fell in 2025 from €248,637 to €185,486.
Turnover
≈ €1.6m estimated
The abbreviated format states no turnover.
Liquidity
1.26 was 0.17 in 2024
Short-term debts fell from €3.1m to €1.3m.
Filings
32 annual accounts since 1991
Six of the last ten came late. The 2022 accounts came latest: 185 days after the end of the period.
Position in the sector
€8.4m
More equity than 95% of companies in real estate. Sector median €300,201 · 11,304 companies.
Checked score
95
Excellent
Financially stronger than 63% of medium-sized companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 1,720 companies (NACE 68, medium-sized).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.2%▲ +0.1 percentage points vs 07-2025highest value
09-2025: 0.1%▼ -0.1 percentage points vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: < 0.1%▼ -0.1 percentage points vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 1.26, cash €213,658
lowers risk
Size: total assets €18.8m
Figures for financial year 2025 (filed on 20-07-2026)
Founded in 1991
Calculation
The band follows from the bankruptcy probability. 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 68, medium-sized). It does better than 66% of them on solvency, 69% on liquidity, 63% on profitability and 54% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,887 companies had the same profile as M-GROUP has now. Each dot stands for 5 companies, two years later.
97.9%
were still trading
2.0%
stopped another way
0.1%
went bankrupt
That fits the bankruptcy probability of M-GROUP itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,887 companies, not a prediction for M-GROUP. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €800,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.26 (0.17 in 2024), below the usual 1.5. Short-term debt is 7.2% and cash 1.1% of total assets. 55.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 days early
2024
25 days late
2023
18 days early
2022
185 days late
2021
21 days early
2020
36 days early
2019
88 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 30 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · 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 20 July (4 of the last 5 accounts filed within 36 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- D & B 100%score 93equity €11.2m (2025) · annual accounts 2025
Shares in 2 companies, Verum and CHRISTOPHE VANHOVE
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0443193295
Environmental permit granted
Verbouwen en/of uitbreiden zonder functiewijziging en met wijzigen van aantal woongelegenheden · Gent
1 director appointed, 4 resignations, 1 reappointment
Resignations: AD Construct, INFOWORKS, LDB INVESTMENTS and D&B · Appointment: D&B · Permanent representatives: DOSSCHE Axel, DE BRUYCKERE Piet and DE BRUYCKERE Laurent · General meeting of 01-02-2024 · Gazette deed
Registered office moved within Ghent
New registered office: Kortrijksesteenweg 944, 9000 Gent · Previous registered office: Sint-Niklaasstraat 30, 9000 Gent · Resignation: Christophe Vanhove (manager) · General meeting of 15-12-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| M-GROUP Ghent | €18.8m | €1.3m | 44.9% | - |
| KEROBE Knokke-Heist | €21.4m | €1.2m | 29.4% | 0.1 |
| GREEN BELGIUM Antwerp | €17.2m | €1.2m | 31.7% | - |
| S & V INVEST Ixelles | €15.2m | €1.5m | 56.9% | 0 |
| AERTSEN BEHEER Wuustwezel | €15.5m | €1.5m | 39.0% | 2.9 |
| ZAVENTEM PROPERTIES Watermael-Boitsfort | €14.8m | €1.3m | 44.4% | - |
| NASSAU CONTINENTAL Kluisbergen | €22.4m | €1.8m | 71.4% | 2.4 |
These companies have the same main activity as M-GROUP: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €15m and €22m, founded between 1987 and 1990.
Official details
Source: KBO- Status
- Active since 02-02-1991Normal situation
- Activity
- Real estate agency activitiesNACE 68310and 2 others
- Establishment unit
- 2.051.964.2299000 Ghent, since 15-03-1991
- Financial year end
- 31 December
- Peppol
- Reachable since 27-11-2025
Annual accounts 2025
- €18.8m▲ 8.5%
- Filing
- Filed on 20-07-2026, 11 days before the end of the filing period
Insights on M-GROUP
M-GROUP files the abbreviated format. That format states no turnover. The gross margin rose from €246,816 in 2007 to €1.3m in 2025.
D & B holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about M-GROUP
- What is the company number of M-GROUP?
- The company number of M-GROUP is 0443.193.295. The VAT number is the same number with BE in front: BE 0443.193.295.
- Where is M-GROUP based?
- The registered office is at Kortrijksesteenweg 944, 9000 Ghent.Company details
- What does M-GROUP do?
- According to the KBO register, the main activity is real estate agency activities (NACE 68310).
- What is the legal form of M-GROUP?
- M-GROUP is a private limited company (BV).
- When was M-GROUP founded?
- M-GROUP was founded on 02-02-1991.
- Is M-GROUP still active?
- Yes, M-GROUP is an active enterprise in the KBO register.
- What is the turnover of M-GROUP?
- The turnover in financial year 2025 is ≈ €1.6m. This figure is estimated from the gross margin of €1.3m and 148 comparable companies (NACE 68). It probably lies between €1.3m and €2.1m.Financials
- Is M-GROUP profitable?
- In financial year 2025, M-GROUP made a profit of €185,486.
- Where can I find the annual accounts of M-GROUP?
- M-GROUP filed 32 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of M-GROUP due?
- M-GROUP must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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