M2 Consultancy
ActiveSummary
M2 Consultancy has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €100,156 and a net result of €40,898. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 49% of 10552 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87▲+7
Solvency61▲+13
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity short (current ratio 0.29 against 0.08 in 2024; short-term debt: 26.9% and cash: 0.4% of total assets), and 64% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
36%
Return on assets
14.7%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €100,156
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
1 d early
2023
26 d early
2022
3 d early
2021
4 d early
2020
27 d late
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 1 day before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 28 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€100,156▲ 64.6%
2024 · €60,858
Total assets
€278,247▲ 6.4%
2024 · €261,553
Net result
€40,898▲ 70.2%
2024 · €24,027
Working capital
-€53,040▼ 230%
2024 · -€16,077
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€7,168€17,314€45,840▲ 165%€31,944▼ 30.3%€61,923▲ 93.8%
Net result-€8,314below the sector's middle half€14,599within the sector's middle half€43,343within the sector's middle half▲ 197%€24,027within the sector's middle half▼ 44.6%€40,898within the sector's middle half▲ 70.2%
Equity-€21,110below the sector's middle half▼ 65.0%-€6,512below the sector's middle half▲ 69.2%€36,831below the sector's middle half€60,858below the sector's middle half▲ 65.2%€100,156within the sector's middle half▲ 64.6%
Total assets€281,165below the sector's middle half▼ 2.5%€276,732below the sector's middle half▼ 1.6%€286,496below the sector's middle half▲ 3.5%€261,553below the sector's middle half▼ 8.7%€278,247below the sector's middle half▲ 6.4%
Debt€302,275▲ 0.4%€283,244▼ 6.3%€249,665▼ 11.9%€200,696▼ 19.6%€178,091▼ 11.3%
Working capital-€88,196below the sector's middle half▼ 9.6%-€75,098below the sector's middle half▲ 14.9%-€29,577below the sector's middle half▲ 60.6%-€16,077below the sector's middle half▲ 45.6%-€53,040below the sector's middle half▼ 230%
Solvency-7.5%below the sector's middle half▼ 3.1pp-2.4%below the sector's middle half▲ 5.2pp12.9%below the sector's middle half▲ 15.2pp23.3%within the sector's middle half▲ 10.4pp36.0%within the sector's middle half▲ 12.7pp
Current ratio0.03below the sector's middle half▼ 0.010.04below the sector's middle half▲ 0.010.42below the sector's middle half▲ 0.380.08below the sector's middle half▼ 0.340.29below the sector's middle half▲ 0.21
Return on assets (ROA)-3.0%below the sector's middle half▼ 6.7pp5.3%within the sector's middle half▲ 8.2pp15.1%above the sector's middle half▲ 9.9pp9.2%within the sector's middle half▼ 5.9pp14.7%above the sector's middle half▲ 5.5pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 94% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €278,247
Fixed assets
€256,346 ▼ 1.4%
Current assets
€21,901 ▲ 1,391%
Equity and liabilities €278,247
Equity
€100,156 ▲ 64.6%
Debt
€178,091 ▼ 11.3%
Debt's share of the balance-sheet total falls from 76.7% to 64.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€68,030▲
2024 · €40,813
Cash flow
€47,006▲
2024 · €32,895
Debt to equity
1.78▼
2024 · 3.30
ROE
40.8%▲
2024 · 39.5%
Interest coverage
342.65▲
2024 · 59.95
Debt ≤ 1 year
€74,941▲
2024 · €17,546
Debt > 1 year
€103,150▼
2024 · €183,150
Income taxes
€20,826▲
2024 · €7,237
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,803 | €7,960 | €8,558 | €8,869 | €6,107 | ▼ 31.1% |
| Other operating charges640/8 | €1,357 | €1,018 | €1,242 | €1,353 | €1,382 | ▲ 2.2% |
| Gross operating margin9900 | €1,992 | €26,293 | €55,639 | €42,166 | €69,413 | ▲ 64.6% |
| Operating profit (loss)9901 | -€7,168 | €17,314 | €45,840 | €31,944 | €61,923 | ▲ 93.8% |
| Financial income75/76B | €41 | €0 | €0 | €0 | €0 | ▲ 100% |
| Recurring financial income75 | €41 | €0 | €0 | €0 | €0 | ▲ 100% |
| Financial charges65/66B | €875 | €2,302 | €735 | €681 | €199 | ▼ 70.8% |
| Recurring financial charges65 | €875 | €2,302 | €735 | €681 | €199 | ▼ 70.8% |
| Profit (loss) for the period before taxes9903 | -€8,002 | €15,012 | €45,104 | €31,264 | €61,724 | ▲ 97.4% |
| Income taxes67/77 | €312 | €414 | €1,761 | €7,237 | €20,826 | ▲ 188% |
| Profit (loss) for the period9904 | -€8,314 | €14,599 | €43,343 | €24,027 | €40,898 | ▲ 70.2% |
| Profit (loss) for the period to be appropriated9905 | -€8,314 | €14,599 | €43,343 | €24,027 | €40,898 | ▲ 70.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €281,165 | €276,732 | €286,496 | €261,553 | €278,247 | ▲ 6.4% |
| Fixed assets21/28 | €278,498 | €273,681 | €265,123 | €260,085 | €256,346 | ▼ 1.4% |
| Tangible fixed assets22/27 | €28,212 | €23,395 | €14,837 | €9,799 | €6,060 | ▼ 38.2% |
| Plant, machinery and equipment23 | - | €0 | €0 | €0 | - | - |
| Furniture and vehicles24 | €28,212 | €23,395 | €14,837 | €7,555 | €4,046 | ▼ 46.4% |
| Other tangible fixed assets26 | - | - | - | €2,244 | €2,014 | ▼ 10.2% |
| Financial fixed assets28 | €250,286 | €250,286 | €250,286 | €250,286 | €250,286 | = |
| Current assets29/58 | €2,668 | €3,051 | €21,373 | €1,469 | €21,901 | ▲ 1,391% |
| Amounts receivable within one year40/41 | €1,891 | €2,110 | - | €224 | €20,248 | ▲ 8,920% |
| Trade receivables40 | €1,461 | €2,000 | - | - | €20,248 | - |
| Other amounts receivable41 | €430 | €110 | - | €224 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €392 | €556 | €20,971 | €928 | €1,145 | ▲ 23.4% |
| Deferred charges and accrued income490/1 | €384 | €386 | €403 | €316 | €508 | ▲ 60.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €281,165 | €276,732 | €286,496 | €261,553 | €278,247 | ▲ 6.4% |
| Equity10/15 | -€21,110 | -€6,512 | €36,831 | €60,858 | €100,156 | ▲ 64.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €4,371 | €4,371 | €18,231 | €42,258 | €81,556 | ▲ 93.0% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €2,511 | €2,511 | €18,231 | €42,258 | €81,556 | ▲ 93.0% |
| Profit (loss) carried forward14 | -€44,081 | -€29,483 | - | - | €0 | - |
| Amounts payable17/49 | €302,275 | €283,244 | €249,665 | €200,696 | €178,091 | ▼ 11.3% |
| Amounts payable after more than one year17 | €211,412 | €205,094 | €198,715 | €183,150 | €103,150 | ▼ 43.7% |
| Financial debts170/4 | €17,220 | €10,902 | €4,523 | - | - | - |
| Other amounts payable178/9 | €194,192 | €194,192 | €194,192 | €183,150 | €103,150 | ▼ 43.7% |
| Amounts payable within one year42/48 | €90,863 | €78,150 | €50,951 | €17,546 | €74,941 | ▲ 327% |
| Current portion of amounts payable after more than one year42 | €6,257 | €6,318 | €6,379 | €4,523 | €0 | ▼ 100% |
| Trade debts44 | €259 | €713 | €628 | €542 | €21,055 | ▲ 3,785% |
| Suppliers440/4 | €259 | €713 | €628 | €542 | €21,055 | ▲ 3,785% |
| Taxes, remuneration and social security45 | €3,449 | €7,367 | €9,875 | €7,740 | €17,505 | ▲ 126% |
| Taxes450/3 | €3,449 | €7,367 | €9,875 | €7,740 | €17,505 | ▲ 126% |
| Other amounts payable47/48 | €80,899 | €63,751 | €34,068 | €4,741 | €36,381 | ▲ 667% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,314 | €14,599 | €43,343 | €24,027 | €40,898 | ▲ 70.2% |
| + Depreciation and write-downs630 | €7,803 | €7,960 | €8,558 | €8,869 | €6,107 | ▼ 31.1% |
| Operating cash flow (approximation) | -€511 | €22,559 | €51,900 | €32,895 | €47,006 | ▲ 42.9% |
| Investment in fixed assets (approximation) | - | -€3,143 | €0 | -€3,830 | -€2,369 | ▲ 38.2% |
| Change in cash | - | €164 | €20,415 | -€20,043 | €217 | ▲ 101% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €100,000Eq €100,156 ▲64.6%
4 profitable years in a row build equity to €100,156.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €14,599
Net result €14,599 after one loss-making year.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet -€8,314
Net result drops to -€8,314, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Temse · 1 establishment unit since 1994
Ground area
1,289 m²
Building footprint
152 m²
Volume, LiDAR
1,188 m³
Parcel 46023C0803/00X002, Flanders · tallest building 12.4 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
M2 Consultancy
since 19942.069.029.893
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46023C0803/00X002 | Flanders | 1,289 m² | 1 · 152 m² | 12.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
25%
According to the 2025 annual accounts of M2 Consultancy and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 1,508 companies in sector 47252 we hold annual accounts for 651. 500 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-10-1994
Fiscal year end31-12
Activities, NACEBEL 2025
47252Retail sale of beverages, general range
E-invoicing
Reachable via Peppol
Peppol ID
0208:0453649303
Also
9925:BE0453649303
Registered
17-06-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.