M2 Drone-Arch
ActiveSummary
M2 Drone-Arch has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €235,053 and a net result of €45,198. Equity is growing by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 74% of 739 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+6
Solvency91▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity ample (current ratio 1.51 against 1.45 in 2024; short-term debt: 13.7% and cash: 12.1% of total assets), and 33.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
66.5%
Return on assets
12.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-09-2026, 38 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
38 d late
2024
31 d late
2023
20 d late
2022
56 d late
2021
2 d late
2020
17 d early
2019
47 d late
← 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 25 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% 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 31 August (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, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€45,198▲ 93.9%
2024 · €23,306
Working capital
€24,572▲ 23.6%
2024 · €19,875
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€23,645▲ 354%€7,894▼ 66.6%-€23,819€30,762€56,500▲ 83.7%
Net result€12,546within the sector's middle half-€311below the sector's middle half-€30,070below the sector's middle half▼ 9,577%€23,306within the sector's middle half€45,198within the sector's middle half▲ 93.9%
Equity€196,930within the sector's middle half▲ 6.8%€196,620within the sector's middle half▼ 0.2%€166,550within the sector's middle half▼ 15.3%€189,855within the sector's middle half▲ 14.0%€235,053within the sector's middle half▲ 23.8%
Total assets€352,614within the sector's middle half▼ 8.3%€332,815within the sector's middle half▼ 5.6%€293,128within the sector's middle half▼ 11.9%€292,900within the sector's middle half▼ 0.1%€353,714below the sector's middle half▲ 20.8%
Debt€155,684▼ 22.2%€136,195▼ 12.5%€126,578▼ 7.1%€103,044▼ 18.6%€118,661▲ 15.2%
Working capital€29,752within the sector's middle half▼ 43.4%€28,946within the sector's middle half▼ 2.7%-€9,574below the sector's middle half€19,875within the sector's middle half€24,572within the sector's middle half▲ 23.6%
Solvency55.8%within the sector's middle half▲ 7.9pp59.1%within the sector's middle half▲ 3.2pp56.8%within the sector's middle half▼ 2.3pp64.8%within the sector's middle half▲ 8.0pp66.5%within the sector's middle half▲ 1.6pp
Current ratio1.87within the sector's middle half▼ 0.011.84within the sector's middle half▼ 0.020.79below the sector's middle half▼ 1.051.45within the sector's middle half▲ 0.661.51within the sector's middle half▲ 0.05
Return on assets (ROA)3.6%within the sector's middle half▲ 4.9pp-0.1%below the sector's middle half▼ 3.7pp-10.3%below the sector's middle half▼ 10.2pp8.0%within the sector's middle half▲ 18.2pp12.8%above the sector's middle half▲ 4.8pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 84% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €353,714
Fixed assets
€280,601 ▲ 22.4%
Current assets
€73,113 ▲ 15.0%
Equity and liabilities €353,714
Equity
€235,053 ▲ 23.8%
Debt
€118,661 ▲ 15.2%
Debt's share of the balance-sheet total falls from 35.2% to 33.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€78,673▲
2024 · €52,213
Cash flow
€67,371▲
2024 · €44,757
Debt to equity
0.50▼
2024 · 0.54
ROE
19.2%▲
2024 · 12.3%
Interest coverage
18.53▲
2024 · 10.44
Debt ≤ 1 year
€48,541▲
2024 · €43,682
Debt > 1 year
€68,970▲
2024 · €58,862
Income taxes
€17,229▲
2024 · €2,480
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,371 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,800 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,326 | €22,994 | €22,900 | €21,451 | €22,173 | ▲ 3.4% |
| Other operating charges640/8 | €2,462 | €2,510 | €3,075 | €3,205 | €5,969 | ▲ 86.3% |
| Non-recurring operating charges66A | - | - | - | - | €6,000 | - |
| Gross operating margin9900 | €46,432 | €33,398 | €2,156 | €55,418 | €90,643 | ▲ 63.6% |
| Operating profit (loss)9901 | €23,645 | €7,894 | -€23,819 | €30,762 | €56,500 | ▲ 83.7% |
| Financial income75/76B | €47 | €2 | €1 | €24 | €10,173 | ▲ 42,410% |
| Recurring financial income75 | €47 | €2 | €1 | €24 | €10,173 | ▲ 42,410% |
| Financial charges65/66B | €7,754 | €6,911 | €6,044 | €5,000 | €4,246 | ▼ 15.1% |
| Recurring financial charges65 | €7,754 | €6,911 | €6,044 | €5,000 | €4,246 | ▼ 15.1% |
| Profit (loss) for the period before taxes9903 | €15,939 | €985 | -€29,863 | €25,786 | €62,426 | ▲ 142% |
| Income taxes67/77 | €3,393 | €1,296 | €207 | €2,480 | €17,229 | ▲ 595% |
| Profit (loss) for the period9904 | €12,546 | -€311 | -€30,070 | €23,306 | €45,198 | ▲ 93.9% |
| Profit (loss) for the period to be appropriated9905 | €12,546 | -€311 | -€30,070 | €23,306 | €45,198 | ▲ 93.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €352,614 | €332,815 | €293,128 | €292,900 | €353,714 | ▲ 20.8% |
| Fixed assets21/28 | €288,571 | €269,576 | €256,994 | €229,343 | €280,601 | ▲ 22.4% |
| Tangible fixed assets22/27 | €288,446 | €269,451 | €256,869 | €229,218 | €280,476 | ▲ 22.4% |
| Land and buildings22 | €263,028 | €247,201 | €240,442 | €219,325 | €204,408 | ▼ 6.8% |
| Plant, machinery and equipment23 | €25,418 | €22,250 | €16,427 | €9,892 | €5,357 | ▼ 45.8% |
| Furniture and vehicles24 | - | - | - | - | €70,711 | - |
| Financial fixed assets28 | €125 | €125 | €125 | €125 | €125 | = |
| Current assets29/58 | €64,043 | €63,239 | €36,134 | €63,557 | €73,113 | ▲ 15.0% |
| Amounts receivable within one year40/41 | €26,811 | €21,844 | €22,161 | €20,175 | €24,693 | ▲ 22.4% |
| Trade receivables40 | €18,812 | €16,057 | €15,291 | €8,698 | €24,679 | ▲ 184% |
| Other amounts receivable41 | €8,000 | €5,787 | €6,870 | €11,478 | €15 | ▼ 99.9% |
| Current investments50/53 | €6,000 | €6,000 | €6,000 | €6,000 | - | - |
| Cash at bank and in hand54/58 | €30,002 | €34,100 | €6,337 | €33,721 | €42,649 | ▲ 26.5% |
| Deferred charges and accrued income490/1 | €1,229 | €1,294 | €1,636 | €3,661 | €5,770 | ▲ 57.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €352,614 | €332,815 | €293,128 | €292,900 | €353,714 | ▲ 20.8% |
| Equity10/15 | €196,930 | €196,620 | €166,550 | €189,855 | €235,053 | ▲ 23.8% |
| Contributions10/11 | €12,600 | €12,600 | €12,600 | €12,600 | €12,600 | = |
| Outside capital11 | €12,600 | €12,600 | €12,600 | €12,600 | €12,600 | = |
| Other1109/19 | €12,600 | €12,600 | €12,600 | €12,600 | €12,600 | = |
| Reserves13 | €172,208 | €172,208 | €153,950 | €177,255 | €222,453 | ▲ 25.5% |
| Non-distributable reserves130/1 | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | - | - | - | - | - |
| Tax-exempt reserves132 | €8,681 | €8,681 | €8,681 | €8,681 | €8,681 | = |
| Distributable reserves133 | €161,668 | €163,528 | €145,269 | €168,575 | €213,772 | ▲ 26.8% |
| Profit (loss) carried forward14 | €12,122 | €11,811 | - | - | - | - |
| Amounts payable17/49 | €155,684 | €136,195 | €126,578 | €103,044 | €118,661 | ▲ 15.2% |
| Amounts payable after more than one year17 | €120,893 | €101,035 | €80,371 | €58,862 | €68,970 | ▲ 17.2% |
| Financial debts170/4 | €120,893 | €101,035 | €80,371 | €58,862 | €68,970 | ▲ 17.2% |
| Amounts payable within one year42/48 | €34,291 | €34,293 | €45,708 | €43,682 | €48,541 | ▲ 11.1% |
| Current portion of amounts payable after more than one year42 | €19,090 | €19,858 | €20,664 | €21,508 | €29,867 | ▲ 38.9% |
| Trade debts44 | €10,541 | €10,026 | €7,106 | €2,182 | €2,724 | ▲ 24.8% |
| Suppliers440/4 | €10,541 | €10,026 | €7,106 | €2,182 | €2,724 | ▲ 24.8% |
| Taxes, remuneration and social security45 | €150 | €638 | €14,493 | €13,834 | €12,554 | ▼ 9.3% |
| Taxes450/3 | - | €488 | €2,584 | €1,925 | €3,354 | ▲ 74.2% |
| Remuneration and social security454/9 | €150 | €150 | €11,909 | €11,909 | €9,200 | ▼ 22.7% |
| Other amounts payable47/48 | €4,509 | €3,770 | €3,445 | €6,157 | €3,396 | ▼ 44.8% |
| Accrued charges and deferred income492/3 | €500 | €868 | €500 | €500 | €1,150 | ▲ 130% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,546 | -€311 | -€30,070 | €23,306 | €45,198 | ▲ 93.9% |
| + Depreciation and write-downs630 | €20,326 | €22,994 | €22,900 | €21,451 | €22,173 | ▲ 3.4% |
| Operating cash flow (approximation) | €32,872 | €22,683 | -€7,170 | €44,757 | €67,371 | ▲ 50.5% |
| Investment in fixed assets (approximation) | - | -€3,998 | -€10,319 | €6,200 | -€73,432 | ▼ 1,284% |
| Change in cash | - | €4,098 | -€27,764 | €27,384 | €8,929 | ▼ 67.4% |
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
07-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 38 days late
04-08
State Gazette act
Auditor appointment · Permanent representative
Merger · Dissolution
28-05
State Gazette act
Board meeting · Merger
Board composition · Permanent representative
27-05
State Gazette act
Merger · Board composition
Permanent representative · Shareholding
2025
31-12
Financial
Highest result since 2018net €45,198 ▲93.9%
Operating result €56,500, net result €45,198, both a record.
31-12
Financial
Equity above €200,000Eq €235,053 ▲23.8%
2 profitable years in a row build equity to €235,053.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 31 days late
2024
31-12
Financial
Back to profitnet €23,306
Net result €23,306 after 2 loss-making years.
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 20 days late
2023
31-12
Financial
Weakest financial yearnet -€30,070
Net result drops to -€30,070, the lowest in the series; recovery starts the following year.
25-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 56 days late
2022
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 2 days late
Show earlier events
2021
31-12
Financial
Back to profitnet €12,546
Net result €12,546 after one loss-making year.
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
16-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 47 days late
2019
31-12
Financial
Back to profitnet €18,382
Net result €18,382 after one loss-making year.
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Tongeren-Borgloon · 1 establishment unit since 2002
Ground area
1,204 m²
Building footprint
80 m²
Volume, LiDAR
615 m³
Parcel 73347A0090/00H000, Flanders · tallest building 9.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
M2 Drone-Arch
since 20022.281.854.427
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73347A0090/00H000 | Flanders | 1,204 m² | 1 · 80 m² | 9.4 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.
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Of 18,254 companies in sector 71111 we hold annual accounts for 6,323. 4,964 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
Founded31-05-2002
Fiscal year end31-12
Activities, NACEBEL 2025
71111Activities of building architects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477640965
Also
9925:BE0477640965
Registered
14-01-2026
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.