M & R
ActiveM & R has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €194k and a net result of €64k. Equity is growing by ~8.8% per year across the filed fiscal years. Its solvency ranks better than 47% of 17022 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability92▲+2
Solvency81▼-19
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 2.17 against 5.43 in 2024; short-term debt: 43.9% and cash: 10.2% of total assets), and 43.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← 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
56.1%
Return on assets
18.6%
Age of the figures
9 mo
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
3 d early
2023
6 d late
2022
7 d early
2021
37 d early
2020
6 d late
2019
30 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€194k▼ 24.9%
2024 · €258k
2018: €170k
2019: €153k
2020: €172k
2021: €186k
2022: €205k
2023: €236k
2024: €258k
2018 → 2025
Total assets
€346k▲ 10.8%
2024 · €312k
2018: €206k
2019: €232k
2020: €232k
2021: €243k
2022: €245k
2023: €286k
2024: €312k
2018 → 2025
Net result
€64k▲ 22.7%
2024 · €52k
2018: €27k
2019: €30k
2020: €45k
2021: €42k
2022: €42k
2023: €57k
2024: €52k
2018 → 2025
Working capital
€178k▼ 25.6%
2024 · €239k
2018: €159k
2019: €143k
2020: €166k
2021: €184k
2022: €202k
2023: €232k
2024: €239k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€186k-€205k▲ 10.4%€236k▲ 14.8%€258k▲ 9.5%€194k▼ 24.9%
Operating result€60k-€61k▲ 1.6%€81k▲ 33.2%€72k▼ 11.3%€89k▲ 24.4%
Net result€42k-€42k▲ 1.3%€57k▲ 35.7%€52k▼ 8.9%€64k▲ 22.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 24% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €346k
Fixed assets
€16k▼ 15.7%
Current assets
€330k▲ 12.6%
Equity and liabilities €346k
Equity
€194k▼ 24.9%
Debt
€152k▲ 181%
The debt ratio rises from 17.3% to 43.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€95k▲
2024 · €76k
Cash flow
€70k▲
2024 · €57k
Solvency
56.1%▼
2024 · 82.7%
Current ratio
2.17▼
2024 · 5.43
Quick ratio
2.17▼
2024 · 5.43
Debt / equity
0.78▲
2024 · 0.21
ROE
33.1%▲
2024 · 20.3%
ROA
18.6%▲
2024 · 16.8%
Interest coverage
591.32▲
2024 · 546.97
Debt
€152k▲
2024 · €54k
Debt ≤ 1 year
€152k▲
2024 · €54k
Income taxes
€26k▲
2024 · €22k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€312k€346k▲
Fixed assets21/28€19k€16k▼
Tangible fixed assets22/27€19k€16k▼
Furniture and vehicles24€19k€16k▼
Current assets29/58€293k€330k▲
Amounts receivable within one year40/41€17k€21k▲
Trade receivables40€17k€21k▲
Current investments50/53€241k€271k▲
Cash at bank and in hand54/58€33k€35k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€312k€346k▲
Equity10/15€258k€194k▼
Contributions10/11€8k€8k=
Reserves13€237k€173k▼
Distributable reserves133€237k€173k▼
Profit (loss) carried forward14€13k€13k▲
Amounts payable17/49€54k€152k▲
Amounts payable within one year42/48€54k€152k▲
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Taxes, remuneration and social security45€18k€15k▼
Taxes450/3€18k€15k▼
Other amounts payable47/48€34k€135k▲
Accrued charges and deferred income492/3€41€21▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€6k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€78k€96k▲
Operating profit (loss)9901€72k€89k▲
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€139€160▲
Recurring financial charges65€139€160▲
Profit (loss) for the period before taxes9903€75k€90k▲
Income taxes67/77€22k€26k▲
Profit (loss) for the period9904€52k€64k▲
Profit (loss) for the period to be appropriated9905€52k€64k▲
Appropriation of the result
Profit (loss) to be appropriated9906€65k€77k▲
Profit (loss) brought forward from the previous period14P€12k€13k▲
Transfer from equity791/2€30k€128k▲
Transfer to equity691/2€52k€64k▲
To other reserves6921€52k€64k▲
Profit to be distributed694/7€30k€128k▲
Return on contributions (dividend)694€30k€128k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €64k ▲22.7%
Operating result €89k, net result €64k, both a record.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
06-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 6 days late
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €205k ▲10.4%
5 profitable years in a row build equity to €205k.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 6 days late
2020
30-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 30 days late
2019
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Ukkel · 1 establishment unit since 2001
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Frans Lyceumlaan 11180 UkkelGround area
1.2 ha
Building footprint
1,996 m²
Volume, LiDAR
38,945 m³
2 parcels, Brussels · tallest building 29.7 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
Waterloose Steenweg 412, 1050 Elsene
since 20012.096.933.924
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0298/00S013 | Brussels | 9,346 m² | 1 · 1,407 m² | 29.7 m · 6 fl. |
| 21614E0231/00P000 | Brussels | 2,485 m² | 1 · 588 m² | 26.1 m · 8 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
De Mets
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KLC
BE 0893.282.106
Balen · Eq €194k
SYSTEMS SYNERGY
BE 0892.202.139
Braine-l'Alleud · Eq €193k
LeapLabs
BE 0746.874.264
Leuven · Eq €193k
M3BI CONSULTING
BE 0792.954.808
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Of 3,211 companies in sector 62900 we hold annual accounts for 1,741. 1,334 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-01-2001
Fiscal year end31-12
Activities, NACEBEL
62900Other information technology and computer services
72600
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.