Turnover
≈ €76,000 estimated
The accounts state no turnover.
M05
Lifetime
3 annual accounts with figures on one time axispeak €7,322 (2025)
€7,322▲ €7,346
lowest -€1,710 (2023)
€4,313▲ €4,450
peak €12,466 (2025)
€12,466▲ 52.9%
€106,676▲ 166,680×
Board2 names since 2022
1 directorStephanie Gosiau
Documentsfilings and deeds
23-07-2026265 days late
2025abbreviated format
Gross margin from -€24 to €7,322Back to profit: €4,313Equity from €8,153 to €12,466Debts from €1 to €106,676
Key points
from the 2025 annual accountsDebts
€106,676 90% of the balance sheet
Suppliers 65%Taxes and wages 20%Other 16%
Filings
3 annual accounts 10 days past the deadline
2026 accounts not filed: deadline was 31-10-2026.
Starting capital
€10,000 100 shares
Board
1 joined
New director. Latest change 30-12-2025 · 1 in office.
Position in the sector
€12,466
Less equity than 89% of companies in specialised construction. Sector median €250,150 · 9,975 companies.
Checked score
29
Weak
Financially stronger than 31% of micro companies in specialised construction (NACE 43)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
12.7% High
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 1 in 8 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 7.2%
01-2025: 7.2%● unchanged vs 12-2024
02-2025: 7.2%● unchanged vs 01-2025
03-2025: 4.2%▼ -3.0 percentage points vs 02-2025
04-2025: 4.3%▲ +0.1 percentage points vs 03-2025
05-2025: 4.4%▲ +0.1 percentage points vs 04-2025
06-2025: 4.4%● unchanged vs 05-2025
07-2025: 4.4%● unchanged vs 06-2025
08-2025: 4.4%● unchanged vs 07-2025
09-2025: 4.4%● unchanged vs 08-2025
10-2025: 4.1%▼ -0.3 percentage points vs 09-2025lowest value
11-2025: 4.6%▲ +0.5 percentage points vs 10-2025
12-2025: 4.7%▲ +0.1 percentage points vs 11-2025
01-2026: 6.9%▲ +2.2 percentage points vs 12-2025
02-2026: 12.4%▲ +5.5 percentage points vs 01-2026
03-2026: 13.0%▲ +0.6 percentage points vs 02-2026
04-2026: 15.8%▲ +2.8 percentage points vs 03-2026
05-2026: 15.8%● unchanged vs 04-2026
06-2026: 16.2%▲ +0.4 percentage points vs 05-2026highest value
07-2026: 15.4%▼ -0.8 percentage points vs 06-2026
08-2026: 13.2%▼ -2.2 percentage points vs 07-2026
09-2026: 12.5%▼ -0.7 percentage points vs 08-2026
10-2026: 11.4%▼ -1.1 percentage points vs 09-2026
11-2026: 12.7%▲ +1.3 percentage points vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
1 financial year not filed after the legal deadline; last filed accounts filed 265 days late; 3 of the last 3 accounts late
1 change of registered office in 24 months
Founded in 2022
Size: total assets €119,142
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 14% of them on solvency, 5% on liquidity, 22% on profitability and 84% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-03-2025.
Of the companies with a bankruptcy probability in the high class on 30-06-2025, 14.6% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,542 companies had the same profile as M05 has now. Each dot stands for 7 companies, two years later.
95.0%
were still trading
1.2%
stopped another way
3.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of M05 itself is higher: 12.7% within 12 months. It rests on far more data about M05 than the profile alone.
Test of the method
The method was tested on the 497,447 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 2,542 companies, not a prediction for M05. 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
No publishable credit limit, so credit only on tighter terms
Liquidity is tight, with a current ratio of 1.12, below the usual 1.5. Short-term debt is 89.5% and cash 5.6% of total assets. 89.5% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 9973 sector peers (2025).
NBB · sector comparisonPosition among 9973 sector peers
Solvency
better than 12%
← weakest
strongest →
raises risk · 2025 accounts filed 265 days late
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 23-07-2026, 265 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 3 filingsDeviation from the deadline
2026
not filed
2025
265 days late
2024
91 days late
2023
457 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 271 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0781594524
Company renamed from Langeveld to M05
Registered office moved from Herent to Leuven · New registered office: Mechelsestraat 131/0001, 3000 Leuven · Previous registered office: Langeveldstraat 137, 3020 Herent · General meeting of 30-12-2025 · Gazette deed
New establishment in Leuven
mirte boutique, Mechelsestraat 7
Incorporation
Founding capital of €10,000, 100 shares · Founder: GOSIAU Gregory Laurens · Appointment: Gosiau (director) · published on 08-02-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| M05 Leuven | - | - | 10.5% | - |
| KALIDAD CONSTRUCTION Sint-Pieters-Leeuw | - | - | 45.9% | - |
| BIS WOOD Mortsel | €98,327 | 4.3% | 73.9% | - |
| Ferronnerie artisanale Léon Deleval Soumagne | - | - | 42.5% | - |
| RENOV SPEED Anderlecht | - | - | 41.4% | - |
| P&I SERVICES Grimbergen | - | - | 64.1% | - |
| BESA 1CONSTRUCT Steenokkerzeel | €230,158 | 3.9% | 60.7% | - |
These companies have the same main activity as M05: other building finishing work (NACE 43350). They are comparable in size and age: total assets between €82,500 and €147,000, founded between 2021 and 2023.
Official details
Source: KBO- Status
- Active since 04-02-2022Normal situation
- Activity
- Other building finishing workNACE 43350and 3 others
- Establishment units
- 2.368.983.9833000 Leuven, since 04-02-2022
- 2.388.744.4673000 Leuven, since 01-01-2026
- Financial year end
- 31 March
- Peppol
- Reachable since 19-01-2026
Insights on M05
M05 files the abbreviated format. That format states no turnover. The gross margin rose from -€1,208 in 2023 to €7,322 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 M05
- What is the company number of M05?
- The company number of M05 is 0781.594.524. The VAT number is the same number with BE in front: BE 0781.594.524.
- Where is M05 based?
- The registered office is at Mechelsestraat 131, 3000 Leuven.Company details
- What does M05 do?
- According to the KBO register, the main activity is other building finishing work (NACE 43350).
- What is the legal form of M05?
- M05 is a private limited company (BV).
- When was M05 founded?
- M05 was founded on 04-02-2022.
- Is M05 still active?
- Yes, M05 is an active enterprise in the KBO register.
- What is the turnover of M05?
- The turnover in financial year 2025 is ≈ €76,000. This figure is estimated from the gross margin of €7,322 and 50 comparable companies (NACE 43350). It probably lies between €42,000 and €120,000. It is a rough estimate.Financials
- Is M05 profitable?
- In financial year 2025, M05 made a profit of €4,313.
- Where can I find the annual accounts of M05?
- M05 filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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