Turnover
≈ €190,000 estimated
The micro format states no turnover.
M-Square
Lifetime
19 annual accounts with figures on one time axis, 25 filings since 2000peak €240,353 (2007)
€47,828▲ 85.9%
lowest -€169,018 (2010)
€20,941▲ 521%
peak €199,561 (2025)
€199,561▲ 11.7%
€67,897▼ 40.1%
peak 1 FTE (2006)
-not published
Board2 names since 2021
2 directors and 1 other
Owners
Documentsfilings and deeds
13-05-202613 days late
2025micro format
Gross margin from €25,726 to €47,828Result from €3,370 to €20,941Debts from €113,356 to €67,897
Key points
from the 2025 annual accountsFilings
25 annual accounts since 2000
The 2025 accounts came 13 days late. The other nine of the last ten were filed on time.
Position in the sector
74.6%
Higher solvency than 84% of companies in sports and recreation. Sector median 27.7% · 2,882 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as M-Square has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for M-Square. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0467239397
Registered office moved within Middelkerke
New registered office: Distellaan 15, 8434 Middelkerke (Westende) · Previous registered office: Meeuwenlaan 15, 8434 Middelkerke · Board meeting of 30-03-2023 · Gazette deed
Legal-form change · Resignations & appointments
Legal-form conversion: to private limited company · General meeting of 30-11-2022 · Gazette deed
First establishment
SQUARE LUNAPARK, Distellaan 15, Middelkerke
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| M-Square Middelkerke | €267,458 | €47,828 | 74.6% | - |
| RUBICOM Etterbeek | €266,323 | €40,833 | 80.0% | - |
| DANSSCHOOL LADO Koksijde | €288,622 | €36,351 | 29.5% | - |
| DUTCH PARADISE Ravels | €295,348 | €33,276 | 84.7% | - |
| BOUSTEA Woluwe-Saint-Pierre | €304,644 | €72,617 | 8.3% | - |
| QUEZACO Wavre | €335,355 | €54,322 | 91.9% | - |
| TONEEL VIER Leuven | €238,279 | €29,858 | 99.5% | - |
These companies have the same main activity as M-Square: other amusement and recreation activities (NACE 93299). They are comparable in size and age: total assets between €238,000 and €335,000, founded between 1991 and 2003.
Official details
Source: KBO- Status
- Active since 10-11-1999Normal situation
- Activity
- Other amusement and recreation activitiesNACE 93299
- Establishment unit
- 2.099.215.0088434 Middelkerke, since 03-01-2000
- Financial year end
- 30 September
- Peppol
- Reachable since 01-10-2025
Insights on M-Square
M-Square files the micro format. That format states no turnover. The gross margin fell from €234,821 in 2006 to €47,828 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about M-Square
- What is the company number of M-Square?
- The company number of M-Square is 0467.239.397. The VAT number is the same number with BE in front: BE 0467.239.397.
- Where is M-Square based?
- The registered office is at Distellaan 15, 8434 Middelkerke.Company details
- What does M-Square do?
- According to the KBO register, the main activity is other amusement and recreation activities (NACE 93299).
- What is the legal form of M-Square?
- M-Square is a private limited company (BV).
- When was M-Square founded?
- M-Square was founded on 10-11-1999.
- Is M-Square still active?
- Yes, M-Square is an active enterprise in the KBO register.
- What is the turnover of M-Square?
- The turnover in financial year 2025 is ≈ €190,000. This figure is estimated from the gross margin of €47,828 and 2,936 comparable companies of the same size. It probably lies between €120,000 and €350,000. It is a rough estimate.Financials
- Is M-Square profitable?
- In financial year 2025, M-Square made a profit of €20,941.
- Where can I find the annual accounts of M-Square?
- M-Square filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of M-Square due?
- M-Square must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
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