M2B Logistics
ActiveThe computed 12-month bankruptcy probability of M2B Logistics is 3.8% (moderate). The 2025 annual accounts show equity of €191k and a net result of €80k. Equity is growing by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 52% of 1508 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
54
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▼-7
Solvency58▲+19
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
3.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity short (current ratio 0.62 against 0.51 in 2024; short-term debt: 53.7% and cash: 0.4% of total assets), and 66.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 77
Relative position
BE, all sectors
reference
Sector 77
higher
← 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
33.1%
Return on assets
13.9%
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 31-08-2026, 31 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 · 5 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
59 d late
2022
2 d late
2021
30 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€191k▲ 72.2%
2024 · €111k
2021: €106k
2022: €95k
2023: €-40k
2024: €111k
2021 → 2025
Total assets
€576k▼ 25.8%
2024 · €777k
2021: €250k
2022: €269k
2023: €236k
2024: €777k
2021 → 2025
Net result
€80k▼ 47.1%
2024 · €151k
2021: €96k
2022: €-11k
2023: €-136k
2024: €151k
2021 → 2025
Working capital
€-116k▲ 58.7%
2024 · €-282k
2021: €-41k
2022: €-46k
2023: €-146k
2024: €-282k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€106k-€95k▼ 10.7%€-40k€111k€191k▲ 72.2%
Operating result€129k-€-9k€-122k▼ 1,339%€170k€130k▼ 23.5%
Net result€96k-€-11k€-136k▼ 1,104%€151k€80k▼ 47.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 23% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €576k
Fixed assets
€383k▼ 21.4%
Current assets
€193k▼ 33.4%
Equity and liabilities €576k
Equity
€191k▲ 72.2%
Debt
€385k▼ 42.2%
The debt ratio falls from 85.7% to 66.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€230k▼
2024 · €249k
Cash flow
€179k▼
2024 · €230k
Solvency
33.1%▲
2024 · 14.3%
Current ratio
0.62▲
2024 · 0.51
Quick ratio
0.62▲
2024 · 0.51
Debt / equity
2.02▼
2024 · 6.01
ROE
41.9%▼
2024 · 136.4%
ROA
13.9%▼
2024 · 19.5%
Interest coverage
8.75▼
2024 · 13.13
Debt
€385k▼
2024 · €666k
Debt ≤ 1 year
€310k▼
2024 · €572k
Debt > 1 year
€75k▼
2024 · €92k
Income taxes
€24k▲
2024 · €394
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€777k€576k▼
Fixed assets21/28€487k€383k▼
Tangible fixed assets22/27€487k€383k▼
Furniture and vehicles24€324k€190k▼
Leasing and similar rights25€163k€193k▲
Current assets29/58€290k€193k▼
Amounts receivable within one year40/41€257k€110k▼
Trade receivables40€248k€101k▼
Other amounts receivable41€8k€9k▲
Cash at bank and in hand54/58€2k€3k▲
Deferred charges and accrued income490/1€31k€81k▲
Equity and liabilities
Total equity and liabilities10/49€777k€576k▼
Equity10/15€111k€191k▲
Contributions10/11€10k€10k=
Reserves13€96k€96k=
Distributable reserves133€96k€96k=
Profit (loss) carried forward14€5k€85k▲
Amounts payable17/49€666k€385k▼
Amounts payable after more than one year17€92k€75k▼
Financial debts170/4€92k€75k▼
Amounts payable within one year42/48€572k€310k▼
Current portion of amounts payable after more than one year42€51k€89k▲
Financial debts43€25k€25k=
Credit institutions430/8€25k€25k=
Trade debts44€123k€32k▼
Suppliers440/4€123k€32k▼
Taxes, remuneration and social security45€394€394=
Taxes450/3€394€394=
Other amounts payable47/48€373k€163k▼
Accrued charges and deferred income492/3€2k€465▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€79k€99k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€3k-
Other operating charges640/8€8k€40k▲
Non-recurring operating charges66A€2k€638▼
Gross operating margin9900€262k€270k▲
Operating profit (loss)9901€170k€130k▼
Financial income75/76B€131€14▼
Recurring financial income75€131€14▼
Financial charges65/66B€19k€26k▲
Recurring financial charges65€19k€26k▲
Profit (loss) for the period before taxes9903€152k€104k▼
Income taxes67/77€394€24k▲
Profit (loss) for the period9904€151k€80k▼
Profit (loss) for the period to be appropriated9905€151k€80k▼
Appropriation of the result
Profit (loss) to be appropriated9906€5k€85k▲
Profit (loss) brought forward from the previous period14P€-147k€5k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Equity above €150kEq €191k ▲72.2%
2 profitable years in a row build equity to €191k.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €151k
Net result €151k after 2 loss-making years.
31-12
Financial
Equity above €100kEq €111k
Equity rises from €-40k to €111k.
28-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 59 days late
2023
31-12
Financial
Weakest financial yearnet €-136k
Net result drops to €-136k, the lowest in the series; recovery starts the following year.
02-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Brussel · 2 establishment units since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Robert Schumanplein 2/41040 BrusselGround area
837 m²
Building footprint
814 m²
Volume, LiDAR
18,129 m³
2 parcels, Brussels · tallest building 34.5 m, ±9 floors. Linked by address, not a title deed.
2 establishment units
M2B Logistics
since 20212.320.935.430
M2B Logistics
since 20222.327.078.795
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21806F0477/00N017 | Brussels | 685 m² | 1 · 663 m² | 34.5 m · 9 fl. |
| 21492B0464/00B000 | Brussels | 153 m² | 1 · 151 m² | 9.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
GIFOM
BE 0444.058.575
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BE 0414.328.570
Vorst · Eq €192k
OTTOKARS
BE 0673.864.641
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TINY WONDER
BE 0764.365.344
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CARTISTIC
BE 0798.864.185
Antwerpen · Eq €188k
Of 1,443 companies in sector 77110 we hold annual accounts for 726. 473 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-08-2021
Fiscal year end31-12
Activities, NACEBEL
77110Renting and leasing of cars and light motor vehicles
46711Wholesale of cars and light vans (up to 3.5 tonnes)
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:m2blogistic@gmail.com
E-mail:contact@m2blogistics.eu