M-SPHERE
ActiveSummary
M-SPHERE has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €153k and a net result of €-786. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 95% of 1424 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▼-2
Solvency100=
Growth22▼-13
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 6.74 against 6.27 in 2024; short-term debt: 5.7% and cash: 37.9% of total assets), and 5.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers 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
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-08-2026, 16 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
16 d late
2024
11 d late
2023
15 d late
2022
29 d late
2020
23 d late
2019
28 d late
2018
27 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€12k▼ 35.9%
2022 · €18k
2018: €61khighest value
2019: €52k▼ -13.9% vs 2018
2020: €30k▼ -42.9% vs 2019
2022: €18k
2023: €12k▼ -35.9% vs 2022lowest value
2018 → 2023
EBIT margin
-55.9%▼ 65.8pp
2022 · 9.9%
2018: 51.3%highest value
2019: 41.6%▼ -19.0% vs 2018
2020: 42.5%▲ +2.4% vs 2019
2022: 9.9%
2023: -55.9%▼ -662% vs 2022lowest value
2018 → 2023
Net result
€-786
2024 · €2k
2018: €20khighest value
2019: €13k▼ -35.6% vs 2018
2020: €8k▼ -33.5% vs 2019
2022: €-3
2023: €-4k▼ -130233% vs 2022lowest value
2024: €2k▲ +157% vs 2023
2025: €-786▼ -135% vs 2024
2018 → 2025
Working capital
€54k▼ 3.9%
2024 · €56k
2018: €47klowest value
2019: €55k▲ +17.1% vs 2018
2020: €56k▲ +0.8% vs 2019
2022: €58khighest value
2023: €55k▼ -5.4% vs 2022
2024: €56k▲ +0.6% vs 2023
2025: €54k▼ -3.9% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202022202320242025Trend
Turnover€30k-€18k▼ 38.8%€12k▼ 35.9%
2020: €30khighest value
2022: €18k
2023: €12k▼ -35.9% vs 2022lowest value
Equity€168k-€165k▼ 1.8%€161k▼ 2.4%€159k▼ 1.7%€153k▼ 3.6%
2020: €168khighest value
2022: €165k
2023: €161k▼ -2.4% vs 2022
2024: €159k▼ -1.7% vs 2023
2025: €153k▼ -3.6% vs 2024lowest value
Operating result€13k-€2k▼ 85.7%€-7k€3k€-394
2020: €13khighest value
2022: €2k
2023: €-7k▼ -461% vs 2022lowest value
2024: €3k▲ +149% vs 2023
2025: €-394▼ -112% vs 2024
Net result€8k-€-3€-4k▼ 130,233%€2k€-786
2020: €8khighest value
2022: €-3
2023: €-4k▼ -130233% vs 2022lowest value
2024: €2k▲ +157% vs 2023
2025: €-786▼ -135% vs 2024
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €394 after €3k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €162k
Fixed assets
€99k ▼ 3.5%
Current assets
€63k ▼ 5.1%
Equity and liabilities €162k
Equity
€153k ▼ 3.6%
Debt
€9k ▼ 11.8%
Debt's share of the balance-sheet total falls from 6.2% to 5.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€4k▼
2024 · €7k
Cash flow
€4k▼
2024 · €6k
Current ratio
6.74▲
2024 · 6.27
Debt to equity
0.06▼
2024 · 0.07
ROE
-0.5%▼
2024 · 1.4%
ROA
-0.5%▼
2024 · 1.3%
Interest coverage
87.49▼
2024 · 163.80
Debt ≤ 1 year
€9k▼
2024 · €11k
Income taxes
€347▼
2024 · €950
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€169k€162k▼
Fixed assets21/28€103k€99k▼
Tangible fixed assets22/27€91k€88k▼
Land and buildings22€91k€87k▼
Plant, machinery and equipment23€319€621▲
Financial fixed assets28€12k€12k=
Current assets29/58€66k€63k▼
Amounts receivable within one year40/41€2k€1k▼
Trade receivables40-€242
Other amounts receivable41€2k€1k▼
Cash at bank and in hand54/58€64k€62k▼
Equity and liabilities
Total equity and liabilities10/49€169k€162k▼
Equity10/15€159k€153k▼
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€138k€132k▼
Amounts payable17/49€11k€9k▼
Amounts payable within one year42/48€11k€9k▼
Trade debts44€5k€4k▼
Suppliers440/4€5k€4k▼
Taxes, remuneration and social security45€2k€2k▼
Taxes450/3€2k€2k▼
Other amounts payable47/48€4k€4k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▲
Other operating charges640/8€1k€864▼
Gross operating margin9900€9k€5k▼
Operating profit (loss)9901€3k€-394▼
Financial income75/76B€5-
Recurring financial income75€5-
Financial charges65/66B€45€45=
Recurring financial charges65€45€45=
Profit (loss) for the period before taxes9903€3k€-439▼
Income taxes67/77€950€347▼
Profit (loss) for the period9904€2k€-786▼
Profit (loss) for the period to be appropriated9905€2k€-786▼
Appropriation of the result
Profit (loss) to be appropriated9906€143k€137k▼
Profit (loss) brought forward from the previous period14P€141k€138k▼
Profit to be distributed694/7€5k€5k=
Return on contributions (dividend)694€5k€5k=
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €30k | €18k | €12k | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €27k | €28k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €4k | €4k | €4k | €4k | ▲ 4.2% |
| Other operating charges640/8 | - | €746 | €759 | €1k | €864 | ▼ 29.4% |
| Gross operating margin9900 | €19k | €7k | €-2k | €9k | €5k | ▼ 44.1% |
| Operating profit (loss)9901 | €13k | €2k | €-7k | €3k | €-394 | ▼ 112% |
| Financial income75/76B | - | - | - | €5 | - | - |
| Recurring financial income75 | - | - | - | €5 | - | - |
| Financial charges65/66B | - | €87 | €45 | €45 | €45 | = |
| Recurring financial charges65 | €298 | €87 | €45 | €45 | €45 | = |
| Profit (loss) for the period before taxes9903 | €12k | €2k | €-7k | €3k | €-439 | ▼ 114% |
| Income taxes67/77 | €4k | €2k | €-3k | €950 | €347 | ▼ 63.5% |
| Profit (loss) for the period9904 | €8k | €-3 | €-4k | €2k | €-786 | ▼ 135% |
| Profit (loss) for the period to be appropriated9905 | €8k | €-3 | €-4k | €2k | €-786 | ▼ 135% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €183k | €172k | €169k | €169k | €162k | ▼ 4.2% |
| Fixed assets21/28 | €113k | €107k | €106k | €103k | €99k | ▼ 3.5% |
| Tangible fixed assets22/27 | €101k | €95k | €94k | €91k | €88k | ▼ 4.0% |
| Land and buildings22 | - | €95k | €94k | €91k | €87k | ▼ 4.3% |
| Plant, machinery and equipment23 | - | €390 | €544 | €319 | €621 | ▲ 94.7% |
| Financial fixed assets28 | €12k | €12k | €12k | €12k | €12k | = |
| Current assets29/58 | €70k | €65k | €63k | €66k | €63k | ▼ 5.1% |
| Amounts receivable within one year40/41 | €7k | €886 | €1k | €2k | €1k | ▼ 27.0% |
| Trade receivables40 | - | - | €116 | - | €242 | - |
| Other amounts receivable41 | - | €886 | €971 | €2k | €1k | ▼ 40.3% |
| Cash at bank and in hand54/58 | €63k | €64k | €62k | €64k | €62k | ▼ 4.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €183k | €172k | €169k | €169k | €162k | ▼ 4.2% |
| Equity10/15 | €168k | €165k | €161k | €159k | €153k | ▼ 3.6% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | - | €19k | €19k | €19k | €19k | = |
| Issued capital100 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €148k | €145k | €141k | €138k | €132k | ▼ 4.2% |
| Amounts payable17/49 | €14k | €6k | €8k | €11k | €9k | ▼ 11.8% |
| Amounts payable within one year42/48 | €14k | €6k | €8k | €11k | €9k | ▼ 11.8% |
| Trade debts44 | €4k | €5k | €8k | €5k | €4k | ▼ 6.5% |
| Suppliers440/4 | - | €5k | €8k | €5k | €4k | ▼ 6.5% |
| Taxes, remuneration and social security45 | - | €1k | - | €2k | €2k | ▼ 38.8% |
| Taxes450/3 | - | €1k | - | €2k | €2k | ▼ 38.8% |
| Other amounts payable47/48 | - | - | - | €4k | €4k | = |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8k | €-3 | €-4k | €2k | €-786 | ▼ 135% |
| + Depreciation and write-downs630 | €4k | €4k | €4k | €4k | €4k | ▲ 4.2% |
| Operating cash flow (approximation) | €13k | €4k | €214 | €6k | €4k | ▼ 44.4% |
| Investment in fixed assets (approximation) | - | - | €-3k | €-1k | €-702 | ▲ 34.2% |
| Change in cash | - | - | €-2k | €2k | €-3k | ▼ 221% |
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
16-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 16 days late
2025
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 11 days late
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
15-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 15 days late
2023
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 10.26
Current ratio from 4.84 to 10.26; short-term debt falls from €14k to €6k.
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 23 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 25 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Beersel · 1 establishment unit since 2005
Ground area
587 m²
Building footprint
112 m²
Volume, LiDAR
554 m³
Parcel 23017E0219/00R002, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
M-SPHERE
since 20052.144.675.542
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23017E0219/00R002 | Flanders | 587 m² | 1 · 112 m² | 8.2 m · 2 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.
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Of 30,002 companies in sector 62200 we hold annual accounts for 18,390. 15,308 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
Founded06-12-2004
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
71121Engineering and related technical consultancy, excluding land surveyors
74301Translation services
Contact
E-mail
info@m-sphere.beBeersel
Phone
0477 535323Beersel
Scores and ratios are computed by Checked and are not a credit decision.