M-Services
ActiveM-Services has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €260k and a net result of €42k. Equity is shrinking by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 38% of 432 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
55
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability44▼-18
Solvency54▲+6
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity tight (current ratio 1.16 against 0.85 in 2024; short-term debt: 70.6% and cash: 1.3% of total assets), and 70.6% 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 · 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Sector 77
higher
← fewer bankruptcies
more bankruptcies →
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
29.4%
Return on assets
4.7%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €260k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
29 d late
2024
1 d early
2023
2 d early
2022
on the day
2021
28 d late
2020
67 d late
2019
25 d late
← before the deadline
after the deadline →
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€42k▲ 11.0%
2024 · €38k
2019: €-171k
2020: €46k
2021: €-29k
2022: €-36k
2023: €25k
2024: €38k
2019 → 2025
Working capital
€103k
2024 · €-97k
2019: €-107k
2020: €94k
2021: €91k
2022: €-78k
2023: €-142k
2024: €-97k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€191k-€156k▼ 18.7%€181k▲ 16.2%€218k▲ 20.8%€260k▲ 19.1%
Operating result€47k-€-1k€93k€122k▲ 31.0%€70k▼ 42.6%
Net result€-29k-€-36k▼ 23.6%€25k€38k▲ 48.7%€42k▲ 11.0%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 43% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €884k
Fixed assets
€157k▼ 61.5%
Current assets
€727k▲ 33.2%
Equity and liabilities €884k
Equity
€260k▲ 19.1%
Debt
€624k▼ 15.1%
The debt ratio falls from 77.1% to 70.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€97k▼
2024 · €234k
Cash flow
€69k▼
2024 · €150k
Solvency
29.4%▲
2024 · 22.9%
Current ratio
1.16▲
2024 · 0.85
Quick ratio
1.16▲
2024 · 0.85
Debt / equity
2.40▼
2024 · 3.37
ROE
16.0%▼
2024 · 17.2%
ROA
4.7%▲
2024 · 3.9%
Interest coverage
2.38▼
2024 · 4.65
Debt
€624k▼
2024 · €736k
Debt ≤ 1 year
€624k▼
2024 · €643k
Income taxes
€23k▼
2024 · €39k
Staff costs
€195k▼
2024 · €368k
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€954k€884k▼
Fixed assets21/28€408k€157k▼
Intangible fixed assets21€86k-
Tangible fixed assets22/27€322k€157k▼
Land and buildings22€169k€154k▼
Plant, machinery and equipment23€5k€641▼
Furniture and vehicles24€3k€3k▲
Other tangible fixed assets26€145k-
Current assets29/58€546k€727k▲
Amounts receivable within one year40/41€494k€711k▲
Trade receivables40€112k-
Other amounts receivable41€381k€711k▲
Cash at bank and in hand54/58€46k€12k▼
Deferred charges and accrued income490/1€6k€5k▼
Equity and liabilities
Total equity and liabilities10/49€954k€884k▼
Equity10/15€218k€260k▲
Contributions10/11€92k€92k=
Capital10€92k€92k=
Issued capital100€92k€92k=
Reserves13€126k€168k▲
Non-distributable reserves130/1€9k€9k=
Legal reserve130€9k€9k=
Distributable reserves133€117k€159k▲
Amounts payable17/49€736k€624k▼
Amounts payable after more than one year17€92k-
Financial debts170/4€92k-
Amounts payable within one year42/48€643k€624k▼
Current portion of amounts payable after more than one year42€68k-
Financial debts43€214k€182k▼
Credit institutions430/8€214k€182k▼
Trade debts44€130k€158k▲
Suppliers440/4€130k€158k▲
Advances received on contracts in progress46€89k€240k▲
Taxes, remuneration and social security45€122k€24k▼
Taxes450/3€92k€23k▼
Remuneration and social security454/9€30k€885▼
Other amounts payable47/48€20k€20k=
Accrued charges and deferred income492/3€125-
Income statement
Code20242025
Non-recurring operating income76A-€410k
Remuneration, social security and pensions62€368k€195k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€112k€27k▼
Other operating charges640/8€68k€69k▲
Non-recurring operating charges66A-€4k
Gross operating margin9900€670k€365k▼
Operating profit (loss)9901€122k€70k▼
Financial income75/76B€5k€36k▲
Recurring financial income75€4k€5k▲
Non-recurring financial income76B€1k€30k▲
Financial charges65/66B€50k€41k▼
Recurring financial charges65€50k€41k▼
Non-recurring financial charges66B-€-135
Profit (loss) for the period before taxes9903€77k€65k▼
Income taxes67/77€39k€23k▼
Profit (loss) for the period9904€38k€42k▲
Profit (loss) for the period to be appropriated9905€38k€42k▲
Appropriation of the result
Profit (loss) to be appropriated9906€38k€42k▲
Transfer to equity691/2€38k€42k▲
To other reserves6921€38k€42k▲
Social balance
Average headcount (FTE)90877.37.1▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 29 days late
2025
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Equity above €200kEq €218k ▲20.8%
2 profitable years in a row build equity to €218k.
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Back to profitnet €25k
Net result €25k after 2 loss-making years.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 28 days late
2021
08-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 67 days late
2020
30-06
Financial
Back to profitnet €46k
Net result €46k after one loss-making year.
25-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 25 days late
2019
25-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 53 days late
2017
20-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
13-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Brasschaat · 1 establishment unit since 1989
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.
Dennenlei 82930 BrasschaatGround area
4,378 m²
Building footprint
791 m²
Volume, LiDAR
6,956 m³
2 parcels, Flanders · tallest building 14.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Brabants Feestverhuur NV
since 19892.041.849.109
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11012A0134/00M019 | Flanders | 2,535 m² | 1 · 572 m² | 14.7 m · 4 fl. |
| 11323F0090/00K003 | Flanders | 1,843 m² | 1 · 220 m² | 11.7 m · 2 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.
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Verhuurbedrijf Remmerie
BE 0461.084.946
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LE MANEGE ENCHANTE
BE 0870.798.989
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AGAP RENTAL SERVICES
BE 0897.522.291
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ALKOVER
BE 0437.756.248
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LE TRIO
BE 0415.364.292
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Of 305 companies in sector 77223 we hold annual accounts for 139. 104 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-09-1988
Fiscal year end31-12
Activities, NACEBEL
63122
77223Rental and leasing activities
52100Warehousing and storage
70200Business and other management consultancy
70220Business consulting
74142
77392Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.