M.inc
InactiveSignals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 28-07-2026, 3 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
3 d early
2024
21 d late
2023
56 d early
2022
54 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 23 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
What became of the directors' other companies?Supplier due diligence Who ran this company, and where was it based, on a date before the end?Company as of a date Which other companies belong to the same group?THRIBE · 11 companies How is the Retail trade sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€27,853
2024 · -€14,049
Total assets
€67,185▲ 1.6%
2024 · €66,146
Net result
€41,902▲ 147%
2024 · €16,964
Working capital
€13,040
2024 · -€25,617
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result-€31,478--€1,607▲ 94.9%€17,693€50,833▲ 187%
Net result-€31,725below the sector's middle half--€2,287within the sector's middle half▲ 92.8%€16,964within the sector's middle half€41,902within the sector's middle half▲ 147%
Equity-€28,725below the sector's middle half--€31,013below the sector's middle half▼ 8.0%-€14,049below the sector's middle half▲ 54.7%€27,853below the sector's middle half
Total assets€57,219below the sector's middle half-€57,909below the sector's middle half▲ 1.2%€66,146within the sector's middle half▲ 14.2%€67,185below the sector's middle half▲ 1.6%
Debt€85,944-€88,922▲ 3.5%€80,195▼ 9.8%€39,331▼ 51.0%
Working capital-€43,871below the sector's middle half--€44,370below the sector's middle half▼ 1.1%-€25,617below the sector's middle half▲ 42.3%€13,040within the sector's middle half
Solvency-50.2%below the sector's middle half--53.6%below the sector's middle half▼ 3.4pp-21.2%below the sector's middle half▲ 32.3pp41.5%within the sector's middle half▲ 62.7pp
Current ratio0.49below the sector's middle half-0.50below the sector's middle half▲ 0.010.68below the sector's middle half▲ 0.181.34within the sector's middle half▲ 0.66
Return on assets (ROA)-55.4%below the sector's middle half--4.0%within the sector's middle half▲ 51.5pp25.6%above the sector's middle half▲ 29.6pp62.4%above the sector's middle half▲ 36.7pp
Staff (FTE)1-1=1=1.1below the sector's middle half▲ 10.0%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2025 is 187% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €67,185
Fixed assets
€15,490 ▲ 33.9%
Current assets
€51,694 ▼ 5.3%
Equity and liabilities €67,185
Equity
€27,853
Debt
€39,331
Debt finances 58.5% of the balance-sheet total.
Key figures and ratios
EBITDA
€52,342▲
2024 · €19,482
Cash flow
€43,411▲
2024 · €18,753
Quick ratio
1.05▲
2024 · 0.40
Debt to equity
1.41
ROE
150.4%
Interest coverage
53.26▲
2024 · 26.73
Debt ≤ 1 year
€38,654▼
2024 · €80,195
Income taxes
€8,194
Staff costs
€29,855▼
2024 · €37,427
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €37,955 | - |
| Remuneration, social security and pensions62 | €29,391 | €57,229 | €37,427 | €29,855 | ▼ 20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €874 | €1,789 | €1,789 | €1,509 | ▼ 15.6% |
| Other operating charges640/8 | €50 | €1,064 | €505 | €1,277 | ▲ 153% |
| Gross operating margin9900 | -€1,164 | €58,475 | €57,413 | €83,474 | ▲ 45.4% |
| Operating profit (loss)9901 | -€31,478 | -€1,607 | €17,693 | €50,833 | ▲ 187% |
| Financial income75/76B | - | €0 | - | €245 | - |
| Recurring financial income75 | - | €0 | - | €245 | - |
| Financial charges65/66B | €247 | €677 | €729 | €983 | ▲ 34.8% |
| Recurring financial charges65 | €247 | €677 | €729 | €983 | ▲ 34.8% |
| Profit (loss) for the period before taxes9903 | -€31,725 | -€2,284 | €16,964 | €50,096 | ▲ 195% |
| Income taxes67/77 | - | €4 | - | €8,194 | - |
| Profit (loss) for the period9904 | -€31,725 | -€2,287 | €16,964 | €41,902 | ▲ 147% |
| Profit (loss) for the period to be appropriated9905 | -€31,725 | -€2,287 | €16,964 | €41,902 | ▲ 147% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €57,219 | €57,909 | €66,146 | €67,185 | ▲ 1.6% |
| Fixed assets21/28 | €15,146 | €13,357 | €11,568 | €15,490 | ▲ 33.9% |
| Tangible fixed assets22/27 | €11,021 | €9,232 | €7,443 | €10,235 | ▲ 37.5% |
| Furniture and vehicles24 | €1,270 | €973 | €675 | €378 | ▼ 44.0% |
| Other tangible fixed assets26 | €9,750 | €8,259 | €6,768 | €9,857 | ▲ 45.7% |
| Financial fixed assets28 | €4,125 | €4,125 | €4,125 | €5,255 | ▲ 27.4% |
| Current assets29/58 | €42,073 | €44,552 | €54,578 | €51,694 | ▼ 5.3% |
| Stocks and contracts in progress3 | €14,829 | €15,609 | €22,416 | €10,965 | ▼ 51.1% |
| Stocks30/36 | €14,829 | €15,609 | €22,416 | €10,965 | ▼ 51.1% |
| Amounts receivable within one year40/41 | €7,125 | €2,956 | €2,956 | €19,066 | ▲ 545% |
| Trade receivables40 | - | - | - | €9,291 | - |
| Other amounts receivable41 | €7,125 | €2,956 | €2,956 | €9,776 | ▲ 231% |
| Cash at bank and in hand54/58 | €19,972 | €25,567 | €29,043 | €21,663 | ▼ 25.4% |
| Deferred charges and accrued income490/1 | €147 | €420 | €164 | €0 | ▼ 100% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €57,219 | €57,909 | €66,146 | €67,185 | ▲ 1.6% |
| Equity10/15 | -€28,725 | -€31,013 | -€14,049 | €27,853 | ▲ 298% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | - | - | - | €24,853 | - |
| Distributable reserves133 | - | - | - | €24,853 | - |
| Profit (loss) carried forward14 | -€31,725 | -€34,013 | -€17,049 | €0 | ▲ 100% |
| Amounts payable17/49 | €85,944 | €88,922 | €80,195 | €39,331 | ▼ 51.0% |
| Amounts payable within one year42/48 | €85,944 | €88,922 | €80,195 | €38,654 | ▼ 51.8% |
| Trade debts44 | €32,526 | €29,623 | €22,026 | €26,633 | ▲ 20.9% |
| Suppliers440/4 | €32,526 | €29,623 | €22,026 | €26,633 | ▲ 20.9% |
| Taxes, remuneration and social security45 | €3,446 | €8,942 | €7,259 | €12,021 | ▲ 65.6% |
| Taxes450/3 | - | €1,976 | €469 | €8,564 | ▲ 1,727% |
| Remuneration and social security454/9 | €3,446 | €6,967 | €6,790 | €3,457 | ▼ 49.1% |
| Other amounts payable47/48 | €49,972 | €50,356 | €50,910 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | €677 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€31,725 | -€2,287 | €16,964 | €41,902 | ▲ 147% |
| + Depreciation and write-downs630 | €874 | €1,789 | €1,789 | €1,509 | ▼ 15.6% |
| Operating cash flow (approximation) | -€30,852 | -€499 | €18,753 | €43,411 | ▲ 131% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€5,431 | - |
| Change in cash | - | €5,594 | €3,476 | -€7,380 | ▼ 312% |
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
04-09
State Gazette act
Restructuring · End & cessationResignation: de voornoemde bestuurder (director) · Declaration · Merger9 facts ▸
State Gazette act
Restructuring · End & cessation
Resignation: de voornoemde bestuurder (director) · Declaration · Merger9 facts ▸
- General meeting, 31-07-2026
- Declaration, geen bijzondere rechten, geen aandeelhouders met bijzondere rechten, geen houders van andere effecten dan aandelen
- Declaration, geen bijzonder voordeel, geen bijzonder voordeel aan leden van bestuursorganen van overnemende en over te nemen vennootschap
- Declaration, statuten ongewijzigd, statuten van overnemende vennootschap zullen niet worden gewijzigd ingevolge fusie
- Merger, met fusie door overneming gelijkgestelde verrichting, laatst goedgekeurde jaarrekening afgesloten op 31 december 2025
- Dissolution, merger, ontbonden zonder vereffening, ophoudt te bestaan
- Director resignation, de voornoemde bestuurder
- Director discharge, de voornoemde bestuurder
- Power of attorney, (...)
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
19-06
State Gazette act
MiscellaneousCapital · Shareholding · Real estate22 facts ▸
State Gazette act
Miscellaneous
Capital · Shareholding · Real estate22 facts ▸
- Capital
- Shareholding, datum van opstelling van dit voorstel, 100
- Capital
- Shareholding, datum van opstelling van dit voorstel, 100
- Capital, €18.600
- Shareholding, op datum van opstelling van dit voorstel, 186
- Other statement, bijzondere rechten, alle aandelen identiek met dezelfde rechten en voordelen
- Other statement, bijzondere voordelen, bestuurders Over te nemen vennootschappen en raad van bestuur Overnemende vennootschap
- Other statement, uitgifte nieuwe aandelen bij geruisloze fusie, vereniging van alle aandelen in één hand
- Real estate, onroerende goederen
- Other statement, basis fusievoorstel, Overnemende vennootschap en Over te nemen vennootschappen
- Board meeting, gelasten met voorbereiding en verlijden notariële akte, bestuursorganen van Over te nemen vennootschap 1,Over te nemen vennootschap 2 en Overnemende vennootscha…
- +10 further facts in this act
2025
31-12
Financial
Highest result since 2022net €41,902 ▲147%
Operating result €50,833, net result €41,902, both a record.
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
31-12
Financial
Back to profitnet €16,964
Net result €16,964 after 2 loss-making years.
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 2 have been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company in the Gazette acts read. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Schelle
Ground area
5,812 m²
Building footprint
1,881 m²
Volume, LiDAR
15,429 m³
Parcel 11038C0334/00F002, Flanders · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
13
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11038C0334/00F002 | Flanders | 5,812 m² | 1 · 1,881 m² | 10.2 m · 3 fl. |
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.
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| de voornoemde bestuurder |
|
Articles of association
Accounting effect
01-01-2026
Other statement
One provision in the deed
Structure & network
Part of the group
THRIBE
11 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- THRIBE
- THRIBE RETAIL ONE
- M.inc
Highest known parent: THRIBE. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
2 transactionsTaken over by:de overnemende vennootschap
Taken over by:Thribe Retail One BV
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 19-06-2026 ↗
- Thribe Retail One BV (BE 0673.576.116) all shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 19-06-2026 Capital stated in the act · 100 shares
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Of 417 companies in this sector we hold annual accounts for 264. 201 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded21-03-2022
Fiscal year end31-12
Activities, NACEBEL 2025
47260Retail trade
47789Other retail sale of new goods
82990Other business support services
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.