M&Y CONCEPT
ActiveThe computed 12-month bankruptcy probability of M&Y CONCEPT is 2.3% (moderate). The 2024 annual accounts show equity of €170k and a net result of €21k. Equity is growing by ~22.3% per year across the filed fiscal years. Its solvency ranks better than 93% of 6161 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability64▼-22
Solvency100=
Growth78=
Track record94
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 4.11 against 2.93 in 2023; short-term debt: 14.3% and cash: 58.9% of total assets), and 14.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-10-2025, 88 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
88 d late
2023
92 d late
2022
28 d late
2021
29 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€170k▲ 14.1%
2023 · €149k
2021: €63k
2022: €124k
2023: €149k
2021 → 2024
Total assets
€199k▲ 10.8%
2023 · €180k
2021: €149k
2022: €138k
2023: €180k
2021 → 2024
Net result
€21k▼ 16.2%
2023 · €25k
2021: €3k
2022: €62k
2023: €25k
2021 → 2024
Working capital
€89k▲ 52.0%
2023 · €58k
2021: €-56k
2022: €16k
2023: €58k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€63k-€124k▲ 98.3%€149k▲ 20.2%€170k▲ 14.1%
Operating result€3k-€62k▲ 2,134%€26k▼ 58.2%€21k▼ 19.6%
Net result€3k-€62k▲ 2,173%€25k▼ 59.3%€21k▼ 16.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 20% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €199k
Fixed assets
€82k▼ 10.2%
Current assets
€117k▲ 32.4%
Equity and liabilities €199k
Equity
€170k▲ 14.1%
Debt
€29k▼ 5.5%
The debt ratio falls from 16.8% to 14.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€40k▼
2023 · €45k
Cash flow
€40k▼
2023 · €44k
Solvency
85.7%▲
2023 · 83.2%
Current ratio
4.11▲
2023 · 2.93
Quick ratio
4.11▲
2023 · 2.93
Debt / equity
0.17▼
2023 · 0.20
ROE
12.3%▼
2023 · 16.8%
ROA
10.6%▼
2023 · 14.0%
Debt
€29k▼
2023 · €30k
Debt ≤ 1 year
€29k▼
2023 · €30k
Staff costs
€14k▲
2023 · €5k
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€180k€199k▲
Fixed assets21/28€91k€82k▼
Tangible fixed assets22/27€91k€82k▼
Plant, machinery and equipment23€52k€48k▼
Other tangible fixed assets26€39k€33k▼
Current assets29/58€89k€117k▲
Amounts receivable within one year40/41€5k-
Other amounts receivable41€5k-
Cash at bank and in hand54/58€84k€117k▲
Equity and liabilities
Total equity and liabilities10/49€180k€199k▲
Equity10/15€149k€170k▲
Contributions10/11€60k€60k=
Profit (loss) carried forward14€89k€110k▲
Amounts payable17/49€30k€29k▼
Amounts payable within one year42/48€30k€29k▼
Trade debts44€12k€27k▲
Suppliers440/4€12k€27k▲
Taxes, remuneration and social security45-€1k
Taxes450/3-€1k
Other amounts payable47/48€19k-
Income statement
Code20232024
Remuneration, social security and pensions62€5k€14k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€19k=
Other operating charges640/8-€15k
Gross operating margin9900€50k€68k▲
Operating profit (loss)9901€26k€21k▼
Financial charges65/66B€1k-
Recurring financial charges65€1k-
Profit (loss) for the period before taxes9903€25k€21k▼
Profit (loss) for the period9904€25k€21k▼
Profit (loss) for the period to be appropriated9905€25k€21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€89k€110k▲
Profit (loss) brought forward from the previous period14P€64k€89k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 88 days late
2024
31-12
Financial
Equity above €150kEq €170k ▲14.1%
4 profitable years in a row build equity to €170k.
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 92 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Highest result since 2021net €62k ▲2173%
Operating result €62k, net result €62k, both a record.
31-12
Financial
Liquidity times 6current ratio 2.13
Current ratio from 0.35 to 2.13; short-term debt falls from €86k to €14k.
31-12
Financial
Equity above €100kEq €124k ▲98.3%
2 profitable years in a row build equity to €124k.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Brussel · 1 establishment unit since 2020
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.
Antwerpselaan 211000 BrusselGround area
154 m²
Building footprint
154 m²
Volume, LiDAR
1,854 m³
Parcel 21812N1423/00G002, Brussels · tallest building 17.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
M&Y CONCEPT
since 20202.310.154.176
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21812N1423/00G002 | Brussels | 154 m² | 1 · 154 m² | 17.3 m · 5 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrussel2.310.154.176
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Of 6,712 companies in sector 96230 we hold annual accounts for 629. 400 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-11-2020
Fiscal year end31-12
Activities, NACEBEL
96040Personal service activities
96230Day spas, saunas and steam baths
43211General electrical installation work
46140Agents in the wholesale of industrial machinery, ships and aircraft
47750Retail sale of cosmetics and toilet articles
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.