M TAPE
ActiveM TAPE has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.21M and a net result of €502k. Equity is growing by ~39.8% per year across the filed fiscal years. Its solvency ranks better than 52% of 15368 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
100
/ 100
Excellent▲ +24 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+72
Solvency99▲+4
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €220k at 30 days acceptable
Liquidity ample (current ratio 8.27 against 5.99 in 2023), and 38.8% 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 69
Relative position
BE, all sectors
reference
Sector 69
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 2024Solvency, return and age of the figures
Solvency
61.2%
Return on assets
13.9%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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
not confirmed
2024
61 d late
2023
68 d late
2022
88 d late
2021
31 d late
2020
31 d late
2019
93 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€2.21M▲ 29.5%
2023 · €1.70M
2018: €320k
2019: €388k
2020: €512k
2021: €1.56M
2022: €1.84M
2023: €1.70M
2018 → 2024
Total assets
€3.61M▲ 4.6%
2023 · €3.45M
2018: €2.10M
2019: €1.94M
2020: €1.90M
2021: €2.94M
2022: €3.15M
2023: €3.45M
2018 → 2024
Net result
€502k▲ 421%
2023 · €96k
2018: €209k
2019: €69k
2020: €124k
2021: €1.05M
2022: €276k
2023: €96k
2018 → 2024
Working capital
€1.96M▲ 11.7%
2023 · €1.75M
2018: €-452k
2019: €-536k
2020: €-471k
2021: €889k
2022: €1.10M
2023: €1.75M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€512k-€1.56M▲ 205%€1.84M▲ 17.6%€1.70M▼ 7.4%€2.21M▲ 29.5%
Operating result€109k-€112k▲ 3.2%€145k▲ 29.4%€149k▲ 2.4%€137k▼ 8.3%
Net result€124k-€1.05M▲ 748%€276k▼ 73.8%€96k▼ 65.1%€502k▲ 421%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 8% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.61M
Fixed assets
€1.38M▲ 2.6%
Current assets
€2.23M▲ 5.9%
Equity and liabilities €3.61M
Equity
€2.21M▲ 29.5%
Debt
€1.40M▼ 19.8%
The debt ratio falls from 50.6% to 38.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€182k▲
2023 · €180k
Cash flow
€548k▲
2023 · €128k
Solvency
61.2%▲
2023 · 49.4%
Current ratio
8.27▲
2023 · 5.99
Quick ratio
8.27▲
2023 · 5.99
Debt / equity
0.63▼
2023 · 1.02
ROE
22.8%▲
2023 · 5.7%
ROA
13.9%▲
2023 · 2.8%
Interest coverage
6.65▼
2023 · 7.13
Debt
€1.40M▼
2023 · €1.74M
Debt ≤ 1 year
€269k▼
2023 · €351k
Debt > 1 year
€1.13M▼
2023 · €1.39M
Income taxes
€89k▲
2023 · €40k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€3.45M€3.61M▲
Fixed assets21/28€1.34M€1.38M▲
Tangible fixed assets22/27€808k€842k▲
Land and buildings22€709k€765k▲
Furniture and vehicles24€98k€77k▼
Financial fixed assets28€537k€537k=
Current assets29/58€2.10M€2.23M▲
Amounts receivable after more than one year29€1.00M€971k▼
Other amounts receivable291€1.00M€971k▼
Amounts receivable within one year40/41€53k€179k▲
Trade receivables40-€102k
Other amounts receivable41€53k€77k▲
Current investments50/53€1.01M€1.04M▲
Cash at bank and in hand54/58€39k€39k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€3.45M€3.61M▲
Equity10/15€1.70M€2.21M▲
Contributions10/11€6k€6k=
Reserves13€1.70M€2.20M▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€1.70M€2.20M▲
Amounts payable17/49€1.74M€1.40M▼
Amounts payable after more than one year17€1.39M€1.13M▼
Financial debts170/4€461k€383k▼
Other amounts payable178/9€931k€747k▼
Amounts payable within one year42/48€351k€269k▼
Current portion of amounts payable after more than one year42€81k€78k▼
Trade debts44€3k€3k▲
Suppliers440/4€3k€3k▲
Taxes, remuneration and social security45€48k€51k▲
Taxes450/3€48k€51k▲
Other amounts payable47/48€220k€137k▼
Income statement
Code20232024
Non-recurring operating income76A€38k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€45k▲
Other operating charges640/8€12k€18k▲
Gross operating margin9900€192k€200k▲
Operating profit (loss)9901€149k€137k▼
Financial income75/76B€13k€482k▲
Recurring financial income75€13k€482k▲
Financial charges65/66B€25k€27k▲
Recurring financial charges65€25k€27k▲
Profit (loss) for the period before taxes9903€137k€591k▲
Income taxes67/77€40k€89k▲
Profit (loss) for the period9904€96k€502k▲
Profit (loss) for the period to be appropriated9905€96k€502k▲
Appropriation of the result
Profit (loss) to be appropriated9906€96k€502k▲
Transfer from equity791/2€232k-
Transfer to equity691/2€96k€502k▲
To other reserves6921€96k€502k▲
Profit to be distributed694/7€232k-
Return on contributions (dividend)694€232k-
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Equity above €2MEq €2.21M ▲29.5%
7 profitable years in a row build equity to €2.21M.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 5.99
Current ratio from 2.43 to 5.99; short-term debt falls from €772k to €351k.
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 88 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €1.05M ▲748%
Net result €1.05M, the highest in the series.
31-12
Financial
Liquidity times 7current ratio 2.18
Current ratio from 0.30 to 2.18.
31-12
Financial
Equity above €1MEq €1.56M ▲205%
4 profitable years in a row build equity to €1.56M.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Equity above €500kEq €512k ▲31.9%
3 profitable years in a row build equity to €512k.
01-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 93 days late
2019
31-12
Financial
Weakest financial yearnet €69k ▼67.1%
Net result drops to €69k, the lowest in the series; recovery starts the following year.
23-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 84 days late
2018
26-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 87 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 59 days late
2016
31-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 92 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, Namur · 2 establishment units since 2008
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.
Rue de Limoy(LO) 1565101 NamurGround area
6,057 m²
Building footprint
409 m²
Volume, LiDAR
1,079 m³
2 parcels, Wallonia · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
M TAPE
since 20082.219.337.729
M Tape
since 20162.257.672.129
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92039B0014/00Y012indicative | Wallonia | 3,340 m² | 1 · 222 m² | - |
| 92078C0083/00V000 | Wallonia | 2,716 m² | 1 · 187 m² | 9.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 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 941 companies in sector 69203 we hold annual accounts for 658. 318 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded02-12-2008
Fiscal year end31-12
Activities, NACEBEL
69203Activities of company auditors
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.