M2B
The computed 12-month bankruptcy probability of M2B is 0.3% (very low). The 2025 annual accounts show equity of €670k and a net result of €19k. Equity is growing by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 39% of 205 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €670k |
| Net result | €19k |
| Better than sector | 39% |
| Active | 10 yrs |
Mixed profile: strong on stability, weaker on profitability.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 17.9% | 31.0% | |
| Net result | €19k | €9k | |
| Equity | €670k | €503k | |
| Gross operating margin | €234k | €78k | |
| Staff costs | €-2k | €184k |
| Fiscal year | 2025 |
|---|---|
| Revenue | - |
| EBITDA | €195k |
| Net profit | €19k |
| Cash flow | €98k |
| Staff costs | €-2k |
| Income taxes | €6k |
| Dividends | - |
| Total assets | €3.74M |
| Equity | €670k |
| Debt | €3.07M |
| of which ≤ 1y | €1.11M |
| of which > 1y | €1.94M |
| Working capital | €1.71M |
| Employees (FTE) | - |
| 2025 | |
|---|---|
| Current ratio | 2.54 |
| Quick ratio | 1.44 |
| Working capital ratio | 45.7% |
| Solvency | 17.9% |
| Debt / equity | 4.58 |
| Long-term debt ratio | 2.89 |
| Interest coverage | 1.37 |
| Gross margin | - |
| Net margin | - |
| ROA | 0.5% |
| ROE | 2.8% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €3.74M |
| Fixed assets | 21/28 | €928k |
| Tangible fixed assets | 22/27 | €927k |
| Financial fixed assets | 28 | €500 |
| Current assets | 29/58 | €2.81M |
| Stocks & contracts in progress | 3 | €1.22M |
| Amounts receivable within one year | 40/41 | €564k |
| Investments | 50/53 | €0 |
| Cash & bank | 54/58 | €302k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €3.74M |
| Equity | 10/15 | €670k |
| Contributions / capital | 10/11 | €20k |
| Reserves | 13 | €2k |
| Accumulated profits (losses) | 14 | €648k |
| Amounts payable | 17/49 | €3.07M |
| Amounts payable after one year | 17 | €1.94M |
| Amounts payable within one year | 42/48 | €1.11M |
| Trade debts payable within one year | 44 | €73k |
| Income statement | ||
| Gross operating margin | 9900 | €234k |
| Operating result | 9901 | €116k |
| Financial income | 75 | €52k |
| Financial charges | 65 | €142k |
| Result before taxes | 9903 | €25k |
| Income taxes | 67/77 | €6k |
| Net result for the period | 9904 | €19k |
| Result to be appropriated | 9905 | €19k |
-
Current31-12-2025 → present
-
EN TANDEMLegal entityDirector· perm. rep.: EK GéraldState Gazette act 21000233 (05-01-2021)Current05-01-2021 → present
-
SELEX'IMLegal entityDirector· perm. rep.: JANSSEN FabriceState Gazette act 21000233 (05-01-2021)Current05-01-2021 → present
-
Current18-12-2020 → present
-
Current18-12-2020 → present
-
Current27-09-2018 → present
2 events
- 18-12-2020 Appointed· Managing director
- 27-09-2018 Appointed· Director
Former directors (1)
-
Former- → 01-01-2018
| NACE primary | Real estate activities(68110) |
| Legal form | Private limited company(610) |
| Incorporation | 07-06-2016 |
| Status | Active |
| Postal code | 4652 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63085B0257/00B000 | Wallonia | 3,351 m² | 1 · 262 m² | - |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
31-12-2025 Transaction in capital or shares
Technical details
{
"events": [
{
"kind": "share_transfer",
"amount": 10,
"currency": "BEF",
"after_eur": null,
"delta_eur": null,
"before_eur": null,
"amount_type": "onbekend",
"effective_date": "2025-11-28",
"evidence_quote": "Il est tout d\u0027abord constat\u00E9 qu\u0027en date du 28/11/2025, la SRL EN-TANDEM et la SRL SELEX\u0027IM ont c\u00E9d\u00E9 chacune 10 actions \u00E0 la SRL MRJ qui d\u00E9tient d\u00E9sormais 20 actions sur 200 actions.",
"contribution_type": null
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0656.495.109",
"name_full": "M2B",
"legal_form": "SRL"
}
}05-01-2021 Articles of association amended
Technical details
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"act_meta": {
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},
"statute_change": {
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"special_mandates": [],
"governance_change": {
"admin_delegated_added": [
{
"name": "JANSSENS Fabrice",
"quote": "Les administrateurs donnent une d\u00E9l\u00E9gation de pouvoirs \u00E0: -Monsieur JANSSENS Fabrice;",
"excluded_powers": null
},
{
"name": "EK G\u00E9rald",
"quote": "Les administrateurs donnent une d\u00E9l\u00E9gation de pouvoirs \u00E0: -Monsieur EK G\u00E9rald;",
"excluded_powers": null
},
{
"name": "VERCAUTEREN Val\u00E9rie",
"quote": "Les administrateurs donnent une d\u00E9l\u00E9gation de pouvoirs \u00E0: -Madame VERCAUTEREN Val\u00E9rie;",
"excluded_powers": null
}
]
}
}27-09-2018 1 director appointed, 1 resigning
- Ek Gérald, Bestuurder
- Vercauteren, Gedelegeerd bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "gedelegeerd_bestuurder",
"person": {
"rrn": null,
"name": "Vercauteren",
"address": null,
"birth_date": null
},
"effective_date": "2018-01-01",
"evidence_quote": "L\u0027assembl\u00E9e g\u00E9n\u00E9rale appelle Madame Vercauteren au poste de g\u00E9rante, celle-ci accepte. Sa nomination a pris effet au 01/01/2018 et son mandat est r\u00E9mun\u00E9r\u00E9 \u00E0 partir de cette date. En Outre, Madame Vercauteren ne sera plus repr\u00E9sentante permanente pour la SPRL EN TANDEM."
},
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Ek G\u00E9rald",
"address": null,
"birth_date": null
},
"evidence_quote": "Par cons\u00E9quent, seul Monsieur G\u00E9rald Ek reste le repr\u00E9sentant permanent pour la SPRL EN TANDEM."
}
],
"schema": "v3.2",
"act_meta": {
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},
"subject_company": {
"kbo": "0656.495.109",
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}
}21-02-2018 Registered office moved from Retinne to Xhendelesse
- Rue Surfossé 56, 4621 Retinne → Rue Nicolas Hardy 14, 4652 Xhendelesse
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Xhendelesse",
"region": null,
"street": "Rue Nicolas Hardy",
"country": "BE",
"postcode": "4652",
"box_number": null,
"street_number": "14"
},
"old_address": {
"city": "Retinne",
"region": null,
"street": "Rue Surfoss\u00E9",
"country": "BE",
"postcode": "4621",
"box_number": "A",
"street_number": "56"
},
"effective_date": "2018-01-02",
"evidence_quote": "L\u0027assembl\u00E9e g\u00E9n\u00E9rale d\u00E9cide de transf\u00E9rer le si\u00E8ge social \u00E0 l\u0027adresse suivante: Rue Nicolas Hardy, 14 \u00E0 4652 Xhendelesse \u00E0 partir de ce jour."
}
],
"schema": "v3.2",
"act_meta": {
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},
"subject_company": {
"kbo": "0656.495.109",
"name_full": "M2B",
"legal_form": "SPRL"
}
}21-06-2016 Incorporation of a new SRL
Technical details
{
"kind": "oprichting",
"seat": "4621 Retinne (Fl\u00E9ron), rue Surfoss\u00E9, 56A",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [
{
"org": {
"kbo": "0847.939.752",
"name": "EN TANDEM"
},
"kind": "rechtspersoon",
"person": null,
"share_class": "ordinary",
"partner_role": null,
"holder_org_kbo": "0847.939.752",
"holder_org_name": "EN TANDEM",
"contribution_type": "cash",
"amount_paid_in_eur": 10000,
"holder_person_name": null,
"is_subscriber_only": true,
"n_shares_subscribed": 100,
"amount_subscribed_eur": 10000,
"is_anonymous_silent_partner": false
},
{
"org": {
"kbo": "0896.557.934",
"name": "SELEX\u0027IM"
},
"kind": "rechtspersoon",
"person": null,
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"partner_role": null,
"holder_org_kbo": "0896.557.934",
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"contribution_type": "cash",
"amount_paid_in_eur": 10000,
"holder_person_name": null,
"is_subscriber_only": true,
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"is_anonymous_silent_partner": false
}
],
"capital_eur": 20000,
"subject_company": {
"kbo": "0656.495.109",
"name_full": "M2B",
"legal_form": "SRL"
},
"initial_directors": [],
"incorporation_date": "2016-06-06",
"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal name | M2B |