M2CO
ActiveThe computed 12-month bankruptcy probability of M2CO is 1.6% (moderate). The 2025 annual accounts show equity of €245k and a net result of €17k. Equity is growing by ~17.8% per year across the filed fiscal years. Its solvency ranks better than 21% of 7924 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability34▼-66
Solvency28▼-4
Growth52=
Stability94
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity tight (current ratio 1.31 against 1.34 in 2024), and 84.7% 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
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
15.3%
Return on assets
1.1%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 7924 sector peers (2025).
NBB · sector comparisonPosition among 7924 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 3 filingsDeviation from the deadline
2025
26 d late
2024
31 d early
2023
12 d early
← 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€17k▼ 73.9%
2024 · €64k
2023: €159k
2024: €64k
2023 → 2025
Working capital
€322k▲ 32.2%
2024 · €243k
2023: €117k
2024: €243k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€164k-€228k▲ 39.3%€245k▲ 7.4%
Operating result€214k-€109k▼ 48.9%€53k▼ 51.5%
Net result€159k-€64k▼ 59.4%€17k▼ 73.9%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 51% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.59M
Fixed assets
€223k▲ 0.1%
Current assets
€1.37M▲ 43.9%
Equity and liabilities €1.59M
Equity
€245k▲ 7.4%
Debt
€1.35M▲ 42.4%
The debt ratio rises from 80.6% to 84.7%: debt grows faster than equity.
Key figures and ratios
EBITDA
€128k▼
2024 · €164k
Cash flow
€92k▼
2024 · €119k
Solvency
15.3%▼
2024 · 19.4%
Current ratio
1.31▼
2024 · 1.34
Quick ratio
0.82▼
2024 · 1.00
Debt / equity
5.52▲
2024 · 4.16
ROE
6.9%▼
2024 · 28.2%
ROA
1.1%▼
2024 · 5.5%
Interest coverage
3.78▼
2024 · 5.50
Debt
€1.35M▲
2024 · €948k
Debt ≤ 1 year
€1.05M▲
2024 · €710k
Debt > 1 year
€292k▲
2024 · €233k
Income taxes
€2k▼
2024 · €15k
Staff costs
€84k▲
2024 · €20k
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€1.18M€1.59M▲
Fixed assets21/28€222k€223k▲
Intangible fixed assets21€27k€22k▼
Tangible fixed assets22/27€196k€201k▲
Plant, machinery and equipment23€150k€146k▼
Furniture and vehicles24€23k€16k▼
Leasing and similar rights25-€18k
Other tangible fixed assets26€23k€20k▼
Current assets29/58€953k€1.37M▲
Stocks and contracts in progress3€245k€510k▲
Stocks30/36€245k€510k▲
Amounts receivable within one year40/41€621k€844k▲
Trade receivables40€621k€830k▲
Other amounts receivable41-€14k
Cash at bank and in hand54/58€86k€18k▼
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€1.18M€1.59M▲
Equity10/15€228k€245k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€223k€240k▲
Amounts payable17/49€948k€1.35M▲
Amounts payable after more than one year17€233k€292k▲
Financial debts170/4€233k€292k▲
Amounts payable within one year42/48€710k€1.05M▲
Current portion of amounts payable after more than one year42€85k€120k▲
Trade debts44€359k€679k▲
Suppliers440/4€359k€679k▲
Taxes, remuneration and social security45€88k€30k▼
Taxes450/3€86k€24k▼
Remuneration and social security454/9€2k€6k▲
Other amounts payable47/48€178k€222k▲
Accrued charges and deferred income492/3€5k€8k▲
Income statement
Code20242025
Remuneration, social security and pensions62€20k€84k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€55k€75k▲
Other operating charges640/8€50€1k▲
Gross operating margin9900€185k€213k▲
Operating profit (loss)9901€109k€53k▼
Financial income75/76B€81€1▼
Recurring financial income75€81€1▼
Financial charges65/66B€30k€34k▲
Recurring financial charges65€30k€34k▲
Profit (loss) for the period before taxes9903€79k€19k▼
Income taxes67/77€15k€2k▼
Profit (loss) for the period9904€64k€17k▼
Profit (loss) for the period to be appropriated9905€64k€17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€223k€240k▲
Profit (loss) brought forward from the previous period14P€159k€223k▲
Social balance
Average headcount (FTE)90870.51.8▲
The notes to these accounts (16 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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
31-12
Financial
Weakest financial yearnet €17k ▼73.9%
Net result drops to €17k, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €200kEq €228k ▲39.3%
2 profitable years in a row build equity to €228k.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Gerpinnes · 1 establishment unit since 2022
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.
Rue du Moulin(GER) 36280 GerpinnesGround area
140 m²
Parcel 52025C0150/00E000, Wallonia. Linked by address, not a title deed.
1 establishment unit
M2CO
since 20222.341.122.120
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52025C0150/00E000 | Wallonia | 140 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
BRP Bulk & Pack
BE 0677.935.968
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ZENCON
BE 0819.966.932
Hemiksem · Eq €242k
LCT-TEXTILLIGENCE BELUX
BE 0898.796.555
Gent · Eq €240k
VEREZPI
BE 0563.401.833
Dilbeek · Eq €250k
HYDRO-GEAR EUROPE
BE 0837.444.649
Bilzen-Hoeselt · Eq €251k
Of 1,070 companies in sector 46140 we hold annual accounts for 640. 487 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-11-2022
Fiscal year end31-12
Activities, NACEBEL
46140Agents in the wholesale of industrial machinery, ships and aircraft
46610Wholesale trade
01610Support activities for crop production
46190Agents in non-specialised wholesale trade
46214Wholesale trade
46620Wholesale of machine tools
47525Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:marcellin@gerpiagri.be
Phone:0032 492 581294