Losses
-€23,128 in three years
Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.
M2 TECHNICS
Lifetime
15 annual accounts with figures on one time axispeak €391,709 (2013)
-€775▲ €11,085
lowest -€62,998 (2020)
-€1,588▲ €15,561
peak €196,678 (2013)
€127,318▼ 1.2%
€115,223▼ 3.3%
peak 3.3 FTE (2013)
-not published
Board2 names since 2016
2 directorsImmo Radel SRL and 1 other
Owners
14.29%Immo RADEL
Documentsfilings and deeds
05-03-202633 days late
2025micro format
Gross margin from -€11,860 to -€775Loss of €1,588Cash from €13,093 to €8,799
Key points
from the 2025 annual accountsFilings
15 annual accounts since 2009
Five of the last ten came late. The 2020 accounts came latest: 166 days after the end of the period.
Board
1 joined
New director. Latest change 29-11-2025 · 2 in office.
Turnover not published (micro format)
Checked score
81
Excellent
Financially stronger than 37% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%lowest value
01-2025: 0.5%▲ +0.2 percentage points vs 12-2024
02-2025: 0.6%▲ +0.1 percentage points vs 01-2025
03-2025: 0.7%▲ +0.1 percentage points vs 02-2025
04-2025: 0.4%▼ -0.3 percentage points vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.4%● unchanged vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.5%▲ +0.1 percentage points vs 12-2025
02-2026: 0.7%▲ +0.2 percentage points vs 01-2026
03-2026: 0.8%▲ +0.1 percentage points vs 02-2026highest value
04-2026: 0.5%▼ -0.3 percentage points vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.5%● unchanged vs 07-2026
09-2026: 0.5%● unchanged vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Last filed accounts filed 34 days late; 2 of the last 3 accounts late
Liquidity: current ratio 3.15, cash €8,799
lowers risk
Founded in 2008
Legal form: public limited company
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 46, micro). It does better than 44% of them on solvency, 37% on liquidity, 29% on profitability and 37% 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 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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, 6,908 companies had the same profile as M2 TECHNICS has now. Each dot stands for 18 companies, two years later.
90.9%
were still trading
7.8%
stopped another way
1.1%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of M2 TECHNICS itself: 0.5% within 12 months.
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 6,908 companies, not a prediction for M2 TECHNICS. 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
Credit of up to €10,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.15 (3.09 in 2024), above the usual 1.5. Short-term debt is 31.8% and cash 2.4% of total assets. However, 64.9% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
192021232425
2019 to 2025 · latest year -€1,588
raises risk · 2025 accounts filed 33 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 05-03-2026, 33 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
33 days late
2024
32 days late
2023
26 days late
2021
22 days late
2020
166 days late
2019
34 days early
2018
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 35 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 4 March (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end10-11-2026 today31-01-2027 deadline
Board and ownership
RD
Ranieri Domenico
Director
- Immo RADEL 14.29%score 96equity €610,766 (2025) · 30-06-2025 annual accounts of Immo RADEL
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0806199761
First establishment
Rozengaardstraat 9, Berchem-Sainte-Agathe
Incorporation
published on 16-09-2008 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| M2 TECHNICS Tubize | €362,540 | -€775 | 35.1% | - |
| KAPSTONE EUROPE Bornem | €452,132 | -€27,909 | 94.6% | - |
| VIDOCQ Mechelen | €436,000 | -€8,715 | 77.2% | - |
| La Plantation Europe Grez-Doiceau | €465,821 | -€14,021 | -30.4% | - |
| JESTOH Hasselt | €445,337 | -€3,383 | 97.6% | - |
| WABE Assesse | €449,535 | -€3,872 | -12.7% | 0 |
| NATURA MEDIA EUROPE Mons | €515,071 | -€68,710 | 33.1% | - |
These companies have the same main activity as M2 TECHNICS: agents in non-specialised wholesale trade (NACE 46190). They are comparable in size and age: total assets between €436,000 and €515,000, founded between 2006 and 2013.
Official details
Source: KBO- Status
- Active since 29-08-2008Normal situation
- Activity
- Agents in non-specialised wholesale tradeNACE 46190and 3 others
- Establishment unit
- 2.173.019.8331082 Berchem-Sainte-Agathe, since 08-09-2008
- Financial year end
- 30 June
- Peppol
- Reachable since 29-12-2025
Insights on M2 TECHNICS
M2 TECHNICS files the micro format. That format states no turnover. The gross margin fell from €17,976 in 2009 to -€775 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 M2 TECHNICS
- What is the company number of M2 TECHNICS?
- The company number of M2 TECHNICS is 0806.199.761. The VAT number is the same number with BE in front: BE 0806.199.761.
- Where is M2 TECHNICS based?
- The registered office is at Avenue Zénobe Gramme 1, 1480 Tubize.Company details
- What does M2 TECHNICS do?
- According to the KBO register, the main activity is agents in non-specialised wholesale trade (NACE 46190).
- What is the legal form of M2 TECHNICS?
- M2 TECHNICS is a public limited company (NV).
- When was M2 TECHNICS founded?
- M2 TECHNICS was founded on 29-08-2008.
- Is M2 TECHNICS still active?
- Yes, M2 TECHNICS is an active enterprise in the KBO register.
- How many employees does M2 TECHNICS have?
- M2 TECHNICS had an average of 2 full-time equivalents in financial year 2020, according to the filed annual accounts.Financials
- What is the turnover of M2 TECHNICS?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.
- Is M2 TECHNICS profitable?
- In financial year 2025, M2 TECHNICS made a loss of €1,588.
- Where can I find the annual accounts of M2 TECHNICS?
- M2 TECHNICS filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of M2 TECHNICS due?
- M2 TECHNICS must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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