M2D
ActiveSummary
M2D has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€60,970) and a net result of -€5,508. Equity is shrinking by ~11% per year across the filed fiscal years. Its solvency ranks better than 5% of 2372 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
cash: 4.5% of total assets, and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-306.5%
Return on assets
-27.7%
Age of the figures
9 mo
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€60,970
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
11 d late
2023
26 d late
2022
24 d late
2021
29 d late
2020
12 d late
2019
15 d early
← 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 10 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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 24 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€5,508▲ 63.5%
2024 · -€15,104
Working capital
€26,687▼ 57.0%
2019 · €62,110
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 86, Human health activities, 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-€1,163-€1,047▲ 9.9%-€1,245▼ 18.8%-€2,483▼ 99.5%-€1,221▲ 50.8%
Net result-€2,167below the sector's middle half-€9,469below the sector's middle half▼ 337%-€2,189below the sector's middle half▲ 76.9%-€15,104below the sector's middle half▼ 590%-€5,508below the sector's middle half▲ 63.5%
Equity-€28,700below the sector's middle half▼ 8.2%-€38,170below the sector's middle half▼ 33.0%-€40,358below the sector's middle half▼ 5.7%-€55,462below the sector's middle half▼ 37.4%-€60,970below the sector's middle half▼ 9.9%
Total assets€69,921below the sector's middle half▼ 2.1%€61,382below the sector's middle half▼ 12.2%€38,624below the sector's middle half▼ 37.1%€24,450below the sector's middle half▼ 36.7%€19,893below the sector's middle half▼ 18.6%
Debt€98,622▲ 0.7%€99,552▲ 0.9%€78,982▼ 20.7%€79,912▲ 1.2%€80,864▲ 1.2%
Working capital
Solvency-41.0%below the sector's middle half▼ 3.9pp-62.2%below the sector's middle half▼ 21.1pp-104.5%below the sector's middle half▼ 42.3pp-226.8%below the sector's middle half▼ 122.4pp-306.5%below the sector's middle half▼ 79.6pp
Current ratio
Return on assets (ROA)-3.1%below the sector's middle half▼ 14.2pp-15.4%below the sector's middle half▼ 12.3pp-5.7%below the sector's middle half▲ 9.8pp-61.8%below the sector's middle half▼ 56.1pp-27.7%below the sector's middle half▲ 34.1pp
above
within
below
the middle half (P25 to P75) of NACE 86, Human health activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1,221 in 2025 against €2,483 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €19,893
Fixed assets
€10,874 ▼ 23.6%
Current assets
€9,019 ▼ 11.7%
Key figures and ratios
Debt to equity
-1.33▲
2024 · -1.44
Debt > 1 year
€69,704=
2024 · €69,682
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €348 | €392 | €428 | €581 | €444 | ▼ 23.7% |
| Gross operating margin9900 | -€815 | -€656 | -€816 | -€1,902 | -€778 | ▲ 59.1% |
| Operating profit (loss)9901 | -€1,163 | -€1,047 | -€1,245 | -€2,483 | -€1,221 | ▲ 50.8% |
| Financial income75/76B | - | €145 | €145 | €145 | €145 | = |
| Recurring financial income75 | - | €145 | €145 | €145 | €145 | = |
| Financial charges65/66B | €1,004 | €8,567 | €1,089 | €12,766 | €4,432 | ▼ 65.3% |
| Recurring financial charges65 | €1,004 | €1,057 | €1,089 | €1,074 | €1,068 | ▼ 0.6% |
| Non-recurring financial charges66B | - | €7,510 | - | €11,692 | €3,364 | ▼ 71.2% |
| Profit (loss) for the period before taxes9903 | -€2,167 | -€9,469 | -€2,189 | -€15,104 | -€5,508 | ▲ 63.5% |
| Profit (loss) for the period9904 | -€2,167 | -€9,469 | -€2,189 | -€15,104 | -€5,508 | ▲ 63.5% |
| Profit (loss) for the period to be appropriated9905 | -€2,167 | -€9,469 | -€2,189 | -€15,104 | -€5,508 | ▲ 63.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €69,921 | €61,382 | €38,624 | €24,450 | €19,893 | ▼ 18.6% |
| Fixed assets21/28 | €33,440 | €25,930 | €25,930 | €14,238 | €10,874 | ▼ 23.6% |
| Financial fixed assets28 | €33,440 | €25,930 | €25,930 | €14,238 | €10,874 | ▼ 23.6% |
| Current assets29/58 | €36,481 | €35,452 | €12,694 | €10,211 | €9,019 | ▼ 11.7% |
| Amounts receivable after more than one year29 | €7,260 | €7,405 | €7,550 | €7,696 | €7,841 | ▲ 1.9% |
| Other amounts receivable291 | €7,260 | €7,405 | €7,550 | €7,696 | €7,841 | ▲ 1.9% |
| Amounts receivable within one year40/41 | €112 | €108 | €271 | €425 | €277 | ▼ 35.0% |
| Other amounts receivable41 | €112 | €108 | €271 | €425 | €277 | ▼ 35.0% |
| Cash at bank and in hand54/58 | €29,109 | €27,939 | €4,872 | €2,090 | €902 | ▼ 56.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €69,921 | €61,382 | €38,624 | €24,450 | €19,893 | ▼ 18.6% |
| Equity10/15 | -€28,700 | -€38,170 | -€40,358 | -€55,462 | -€60,970 | ▼ 9.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€47,300 | -€56,770 | -€58,958 | -€74,062 | -€79,570 | ▼ 7.4% |
| Amounts payable17/49 | €98,622 | €99,552 | €78,982 | €79,912 | €80,864 | ▲ 1.2% |
| Amounts payable after more than one year17 | €91,182 | €91,182 | €69,682 | €69,682 | €69,704 | = |
| Other amounts payable178/9 | €91,182 | €91,182 | €69,682 | €69,682 | €69,704 | = |
| Accrued charges and deferred income492/3 | €7,440 | €8,370 | €9,300 | €10,230 | €11,160 | ▲ 9.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,167 | -€9,469 | -€2,189 | -€15,104 | -€5,508 | ▲ 63.5% |
| Operating cash flow (approximation) | -€2,167 | -€9,469 | -€2,189 | -€15,104 | -€5,508 | ▲ 63.5% |
| Investment in fixed assets (approximation) | - | €7,510 | €0 | €11,692 | €3,364 | ▼ 71.2% |
| Change in cash | - | -€1,170 | -€23,067 | -€2,781 | -€1,188 | ▲ 57.3% |
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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 11 days late
2024
31-12
Financial
Weakest financial yearnet -€15,104
Net result drops to -€15,104, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 26 days late
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2021
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 12 days late
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Braine-le-Comte · 1 establishment unit since 2011
Ground area
1,145 m²
Building footprint
133 m²
Parcel 55016A0223/00F002, Wallonia. Linked by address, not a title deed.
1 establishment unit
Mieux-Etre
since 20112.200.554.965
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55016A0223/00F002 | Wallonia | 1,145 m² | 1 · 133 m² | - |
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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
61%
According to the 2025 annual accounts of M2D and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Frameries
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 5,533 companies in sector 86931 we hold annual accounts for 553. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-06-2011
Fiscal year end31-12
Activities, NACEBEL 2025
86931Psychology services
47110Non-specialised retail sale with food, beverages or tobacco predominating
86995Nutrition and dietetics services
96230Day spas, saunas and steam baths
E-invoicing
Reachable via Peppol
Peppol ID
0208:0837278858
Also
9925:BE0837278858
Registered
26-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.