M & L
ActiveSummary
M & L has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €40,439 and a net result of -€2,193. Equity is shrinking by ~18.5% per year across the filed fiscal years. Its solvency ranks better than 44% of 26049 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability27▲+19
Solvency51▲+4
Growth32=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.35 against 1.36 in 2023; short-term debt: 71.9% of total assets), and 74% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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 2024Solvency, return and age of the figures
Solvency
26%
Return on assets
-1.4%
Age of the figures
21 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
192021222324
2019 to 2024 · latest year -€2,193
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-06-2026, 305 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
305 d late
2023
69 d late
2022
30 d late
2021
76 d late
2020
118 d late
2019
92 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 115 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€40,439▼ 5.1%
2023 · €42,632
Total assets
€155,714▼ 20.7%
2023 · €196,484
Net result
-€2,193▲ 87.2%
2023 · -€17,083
Working capital
€39,101▼ 21.4%
2023 · €49,716
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€437▼ 99.6%-€9,337-€24,116▼ 158%-€7,789▲ 67.7%€10,224
Net result€210within the sector's middle half▼ 99.7%-€11,775below the sector's middle half-€25,460below the sector's middle half▼ 116%-€17,083below the sector's middle half▲ 32.9%-€2,193within the sector's middle half▲ 87.2%
Equity€96,950within the sector's middle half▲ 0.2%€85,175within the sector's middle half▼ 12.1%€59,715within the sector's middle half▼ 29.9%€42,632within the sector's middle half▼ 28.6%€40,439within the sector's middle half▼ 5.1%
Total assets€197,394within the sector's middle half▼ 37.0%€159,596within the sector's middle half▼ 19.1%€228,650within the sector's middle half▲ 43.3%€196,484within the sector's middle half▼ 14.1%€155,714within the sector's middle half▼ 20.7%
Debt€100,443▼ 53.6%€74,420▼ 25.9%€168,935▲ 127%€153,852▼ 8.9%€115,276▼ 25.1%
Working capital€83,577above the sector's middle half▼ 8.9%€64,555within the sector's middle half▼ 22.8%€75,689within the sector's middle half▲ 17.2%€49,716within the sector's middle half▼ 34.3%€39,101within the sector's middle half▼ 21.4%
Solvency49.1%within the sector's middle half▲ 18.2pp53.4%within the sector's middle half▲ 4.3pp26.1%within the sector's middle half▼ 27.3pp21.7%within the sector's middle half▼ 4.4pp26.0%within the sector's middle half▲ 4.3pp
Current ratio1.83within the sector's middle half▲ 0.411.87within the sector's middle half▲ 0.041.54within the sector's middle half▼ 0.331.36within the sector's middle half▼ 0.181.35within the sector's middle half▼ 0.01
Return on assets (ROA)0.1%within the sector's middle half▼ 24.8pp-7.4%below the sector's middle half▼ 7.5pp-11.1%below the sector's middle half▼ 3.8pp-8.7%below the sector's middle half▲ 2.4pp-1.4%within the sector's middle half▲ 7.3pp
Staff (FTE)0.2below the sector's middle half▼ 71.4%
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €10,224 after a loss of €7,789 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €155,714
Fixed assets
€4,642 ▼ 49.5%
Current assets
€151,072 ▼ 19.3%
Equity and liabilities €155,714
Equity
€40,439 ▼ 5.1%
Debt
€115,276 ▼ 25.1%
Debt's share of the balance-sheet total falls from 78.3% to 74.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€14,774▲
2023 · -€214
Cash flow
€2,357▲
2023 · -€9,509
Quick ratio
0.50▲
2023 · 0.12
Debt to equity
2.85▼
2023 · 3.61
ROE
-5.4%▲
2023 · -40.1%
Interest coverage
1.21▲
2023 · -0.02
Debt ≤ 1 year
€111,971▼
2023 · €137,575
Debt > 1 year
€3,305▼
2023 · €16,277
Income taxes
€200
Staff costs
€412▲
2023 · €123
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,548 companies that looked in July 2024 the way this one looks now, 4.3% went bankrupt within 24 months and 91% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a small loss
4.3%
went bankrupt
3.9%
stopped otherwise
91%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% | 1.9% |
| 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 1,548 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €3,525 | €2,667 | €123 | €412 | ▲ 236% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,656 | €6,866 | €7,733 | €7,574 | €4,551 | ▼ 39.9% |
| Other operating charges640/8 | - | €7,104 | €2,719 | €3,406 | €3,296 | ▼ 3.2% |
| Gross operating margin9900 | €3,036 | €8,158 | -€10,998 | €3,314 | €18,482 | ▲ 458% |
| Operating profit (loss)9901 | €437 | -€9,337 | -€24,116 | -€7,789 | €10,224 | ▲ 231% |
| Financial charges65/66B | - | €2,438 | €1,344 | €9,295 | €12,217 | ▲ 31.4% |
| Recurring financial charges65 | €165 | €2,438 | €1,344 | €9,295 | €12,217 | ▲ 31.4% |
| Profit (loss) for the period before taxes9903 | €272 | -€11,775 | -€25,460 | -€17,083 | -€1,993 | ▲ 88.3% |
| Income taxes67/77 | €61 | - | - | - | €200 | - |
| Profit (loss) for the period9904 | €210 | -€11,775 | -€25,460 | -€17,083 | -€2,193 | ▲ 87.2% |
| Profit (loss) for the period to be appropriated9905 | €210 | -€11,775 | -€25,460 | -€17,083 | -€2,193 | ▲ 87.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €197,394 | €159,596 | €228,650 | €196,484 | €155,714 | ▼ 20.7% |
| Fixed assets21/28 | €13,373 | €20,621 | €12,888 | €9,193 | €4,642 | ▼ 49.5% |
| Intangible fixed assets21 | €413 | €258 | €103 | - | - | - |
| Tangible fixed assets22/27 | €12,960 | €20,362 | €12,785 | €9,193 | €4,642 | ▼ 49.5% |
| Land and buildings22 | - | €1,708 | €1,452 | €1,848 | €1,522 | ▼ 17.7% |
| Plant, machinery and equipment23 | - | €8,038 | €5,647 | €5,206 | €2,681 | ▼ 48.5% |
| Furniture and vehicles24 | - | €10,617 | €5,686 | €2,139 | €440 | ▼ 79.4% |
| Current assets29/58 | €184,021 | €138,975 | €215,762 | €187,291 | €151,072 | ▼ 19.3% |
| Stocks and contracts in progress3 | €137,645 | €67,733 | €195,631 | €171,398 | €95,284 | ▼ 44.4% |
| Stocks30/36 | - | €67,733 | €195,631 | €171,398 | €95,284 | ▼ 44.4% |
| Amounts receivable within one year40/41 | €12,054 | €42,096 | €20,131 | €15,894 | €55,788 | ▲ 251% |
| Trade receivables40 | - | €42,096 | €20,131 | €13,890 | €47,286 | ▲ 240% |
| Other amounts receivable41 | - | - | - | €2,003 | €8,502 | ▲ 324% |
| Cash at bank and in hand54/58 | €34,322 | €28,291 | - | - | - | - |
| Deferred charges and accrued income490/1 | - | €855 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €197,394 | €159,596 | €228,650 | €196,484 | €155,714 | ▼ 20.7% |
| Equity10/15 | €96,950 | €85,175 | €59,715 | €42,632 | €40,439 | ▼ 5.1% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | €78,350 | €66,575 | €41,115 | €24,032 | €21,839 | ▼ 9.1% |
| Amounts payable17/49 | €100,443 | €74,420 | €168,935 | €153,852 | €115,276 | ▼ 25.1% |
| Amounts payable after more than one year17 | - | - | €28,862 | €16,277 | €3,305 | ▼ 79.7% |
| Financial debts170/4 | - | - | €28,862 | €16,277 | €3,305 | ▼ 79.7% |
| Amounts payable within one year42/48 | €100,443 | €74,420 | €140,073 | €137,575 | €111,971 | ▼ 18.6% |
| Current portion of amounts payable after more than one year42 | - | - | €12,210 | €12,585 | €12,972 | ▲ 3.1% |
| Financial debts43 | - | - | €62,039 | €52,239 | €58,113 | ▲ 11.2% |
| Credit institutions430/8 | - | - | €62,039 | €52,239 | €58,113 | ▲ 11.2% |
| Trade debts44 | €9,746 | €9,695 | €8,594 | €31,070 | €25,371 | ▼ 18.3% |
| Suppliers440/4 | - | €9,695 | €8,594 | €31,070 | €25,371 | ▼ 18.3% |
| Advances received on contracts in progress46 | - | - | €300 | - | €3,043 | - |
| Taxes, remuneration and social security45 | - | €32,101 | €14,744 | €6 | €12,472 | ▲ 201,706% |
| Taxes450/3 | - | €29,032 | €14,137 | - | €12,472 | - |
| Remuneration and social security454/9 | - | €3,069 | €607 | €6 | - | - |
| Other amounts payable47/48 | - | €32,624 | €42,185 | €41,675 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €210 | -€11,775 | -€25,460 | -€17,083 | -€2,193 | ▲ 87.2% |
| + Depreciation and write-downs630 | €2,656 | €6,866 | €7,733 | €7,574 | €4,551 | ▼ 39.9% |
| Operating cash flow (approximation) | €2,866 | -€4,909 | -€17,728 | -€9,509 | €2,357 | ▲ 125% |
| Investment in fixed assets (approximation) | - | -€14,114 | €0 | -€3,879 | €0 | ▲ 100% |
| Change in cash | - | -€6,030 | - | - | - | - |
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
2026
01-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 305 days late
2024
08-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 69 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet -€25,460
Net result drops to -€25,460, the lowest in the series; recovery starts the following year.
15-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 76 days late
2021
26-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 118 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Tienen · 1 establishment unit since 2018
Ground area
493 m²
Building footprint
467 m²
Volume, LiDAR
2,707 m³
2 parcels, Flanders, Wallonia · tallest building 11.8 m, ±2 floors. Linked by address, not a title deed.
213
companies at this address
See who is registered here
1 establishment unit
M & L SPRL
since 20182.280.740.907
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24593G0715/00A000 | Flanders | 401 m² | 1 · 375 m² | 11.8 m · 2 fl. |
| 62087B0127/00X000 | Wallonia | 91 m² | 1 · 92 m² | 7.7 m · 2 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 10,663 companies in sector 47811 we hold annual accounts for 5,225. 3,183 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
Founded19-09-2018
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
46711Wholesale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
52210Service activities incidental to land transportation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0704744689
Registered
15-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.