M-VEST
ActiveM-VEST is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €208k and a net result of €48k. Equity is growing by ~50.6% per year across the filed fiscal years. Its solvency ranks better than 19% of 5495 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 5495 sector peers (2025).
NBB · sector comparisonPosition among 5495 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filingsDeviation from the deadline
2025
31 d late
2024
on the day
2023
46 d early
2022
42 d early
← 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€208k▼ 13.5%
2024 · €240k
2022: €21k
2023: €131k
2024: €240k
2022 → 2025
Net result
€48k▼ 63.1%
2024 · €129k
2022: €20k
2023: €114k
2024: €129k
2022 → 2025
Total assets
€1.18M▼ 2.4%
2024 · €1.20M
2022: €942k
2023: €1.02M
2024: €1.20M
2022 → 2025
Solvency
17.7%▼ 2.3pp
2024 · 20.0%
2022: 2.2%
2023: 12.8%
2024: 20.0%
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€21k-€131k▲ 520%€240k▲ 83.2%€208k▼ 13.5%
Operating result€42k-€166k▲ 292%€188k▲ 13.4%€88k▼ 53.3%
Net result€20k-€114k▲ 477%€129k▲ 13.3%€48k▼ 63.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 53% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.18M
Fixed assets
€1.15M▲ 1.2%
Current assets
€26k▼ 61.9%
Equity and liabilities €1.18M
Equity
€208k▼ 13.5%
Debt
€967k▲ 0.4%
The debt ratio rises from 80.0% to 82.3%: debt grows while equity shrinks.
Key figures and ratios
Solvency
17.7%▼
2024 · 20.0%
ROE
22.9%▼
2024 · 53.7%
ROA
4.1%▼
2024 · 10.7%
Debt
€967k▲
2024 · €963k
Debt ≤ 1 year
€552k▲
2024 · €475k
Debt > 1 year
€415k▼
2024 · €483k
Income taxes
€8k▼
2024 · €36k
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€1.20M€1.18M▼
Fixed assets21/28€1.14M€1.15M▲
Tangible fixed assets22/27€1.14M€1.14M▲
Land and buildings22€868k€884k▲
Plant, machinery and equipment23€127k€112k▼
Furniture and vehicles24€13k€9k▼
Other tangible fixed assets26€128k€139k▲
Assets under construction and advance payments27€0-
Financial fixed assets28-€5k
Current assets29/58€68k€26k▼
Amounts receivable within one year40/41€6k€23k▲
Trade receivables40€0€5k▲
Other amounts receivable41€6k€18k▲
Cash at bank and in hand54/58€59k€128▼
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€1.20M€1.18M▼
Equity10/15€240k€208k▼
Contributions10/11€3k€3k=
Reserves13€237k€205k▼
Distributable reserves133€237k€205k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€963k€967k▲
Amounts payable after more than one year17€483k€415k▼
Financial debts170/4€483k€415k▼
Amounts payable within one year42/48€475k€552k▲
Current portion of amounts payable after more than one year42€78k€69k▼
Financial debts43€0€8k▲
Credit institutions430/8€0€8k▲
Trade debts44€5k€11k▲
Suppliers440/4€5k€11k▲
Taxes, remuneration and social security45€28k€32k▲
Taxes450/3€28k€32k▲
Other amounts payable47/48€365k€431k▲
Accrued charges and deferred income492/3€5k€0▼
Income statement
Code20242025
Non-recurring operating income76A-€23k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€40k▲
Other operating charges640/8€13k€12k▼
Non-recurring operating charges66A-€840
Gross operating margin9900€235k€140k▼
Operating profit (loss)9901€188k€88k▼
Financial income75/76B€150€0▼
Recurring financial income75€150€0▼
Financial charges65/66B€22k€32k▲
Recurring financial charges65€22k€32k▲
Profit (loss) for the period before taxes9903€165k€55k▼
Income taxes67/77€36k€8k▼
Profit (loss) for the period9904€129k€48k▼
Profit (loss) for the period to be appropriated9905€129k€48k▼
Appropriation of the result
Profit (loss) to be appropriated9906€129k€48k▼
Transfer from equity791/2-€32k
Transfer to equity691/2€109k€0▼
To other reserves6921€109k€0▼
Profit to be distributed694/7€20k€80k▲
Return on contributions (dividend)694€20k€80k▲
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (20 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2022net €129k ▲13.3%
Operating result €188k, net result €129k, both a record.
31-12
Financial
Equity above €200kEq €240k ▲83.2%
3 profitable years in a row build equity to €240k.
15-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €100kEq €131k ▲520%
2 profitable years in a row build equity to €131k.
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Bredene · 1 establishment unit since 2021
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.
Rietstraat 128450 BredeneGround area
739 m²
Building footprint
181 m²
Volume, LiDAR
966 m³
Parcel 35002B0416/00R002, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
M-VEST
since 20212.314.734.358
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35002B0416/00R002 | Flanders | 739 m² | 1 · 181 m² | 9.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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LEE MANAGEMENT
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Siraa
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Stekene · Eq €208k
Of 24,636 companies in sector 64210 we hold annual accounts for 19,688. 13,470 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-03-2021
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
70100Activities of head offices
Sources
Crossroads Bank for EnterprisesNational Bank · 4 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.