M2L
ActiveM2L has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €554k and a net result of €292k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 50% of 7912 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
86
/ 100
Excellent▲ +5 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency85▲+44
Growth78=
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 1.81 against 1.77 in 2024), but 55.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
44.8%
Return on assets
23.6%
Age of the figures
14 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 →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
17 d early
2023
on the day
2022
on the day
2021
17 d late
2020
4 d late
2019
20 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close13-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€554k▲ 111%
2024 · €262k
2019: €240k
2020: €-64k
2021: €-278k
2022: €-444k
2023: €-153k
2024: €262k
2019 → 2025
Total assets
€1.24M▼ 13.6%
2024 · €1.43M
2019: €1.84M
2020: €1.25M
2021: €1.07M
2022: €705k
2023: €1.04M
2024: €1.43M
2019 → 2025
Net result
€292k▼ 29.7%
2024 · €415k
2019: €5k
2020: €-304k
2021: €-214k
2022: €-166k
2023: €292k
2024: €415k
2019 → 2025
Working capital
€525k▼ 14.6%
2024 · €614k
2019: €199k
2020: €721k
2021: €391k
2022: €124k
2023: €308k
2024: €614k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-278k-€-444k▼ 59.8%€-153k▲ 65.6%€262k€554k▲ 111%
Operating result€-183k-€-140k▲ 23.7%€318k€444k▲ 39.8%€456k▲ 2.5%
Net result€-214k-€-166k▲ 22.4%€292k€415k▲ 42.3%€292k▼ 29.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 3% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.24M
Fixed assets
€61k▲ 170%
Current assets
€1.18M▼ 16.5%
Equity and liabilities €1.24M
Equity
€554k▲ 111%
Debt
€683k▼ 41.6%
The debt ratio falls from 81.7% to 55.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€474k▲
2024 · €462k
Cash flow
€311k▼
2024 · €432k
Solvency
44.8%▲
2024 · 18.3%
Current ratio
1.81▲
2024 · 1.77
Quick ratio
1.51▲
2024 · 1.49
Debt / equity
1.23▼
2024 · 4.46
ROE
52.7%▼
2024 · 158.3%
ROA
23.6%▼
2024 · 29.0%
Interest coverage
6.59▼
2024 · 13.82
Debt
€683k▼
2024 · €1.17M
Debt ≤ 1 year
€651k▼
2024 · €794k
Debt > 1 year
€32k▼
2024 · €375k
Income taxes
€131k▲
2024 · €9k
Staff costs
€10k▲
2024 · €3k
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€1.43M€1.24M▼
Fixed assets21/28€23k€61k▲
Tangible fixed assets22/27€23k€61k▲
Land and buildings22€4k€11k▲
Plant, machinery and equipment23€4k€6k▲
Furniture and vehicles24€15k€5k▼
Leasing and similar rights25-€40k
Current assets29/58€1.41M€1.18M▼
Stocks and contracts in progress3€223k€194k▼
Stocks30/36€223k€194k▼
Amounts receivable within one year40/41€595k€439k▼
Trade receivables40€563k€423k▼
Other amounts receivable41€32k€15k▼
Cash at bank and in hand54/58€589k€542k▼
Deferred charges and accrued income490/1€2k€423▼
Equity and liabilities
Total equity and liabilities10/49€1.43M€1.24M▼
Equity10/15€262k€554k▲
Contributions10/11€19k€19k=
Reserves13€244k€536k▲
Non-distributable reserves130/1€0€0=
Reserves not available under the articles1311€0€0=
Distributable reserves133€244k€536k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€1.17M€683k▼
Amounts payable after more than one year17€375k€32k▼
Financial debts170/4€375k€32k▼
Amounts payable within one year42/48€794k€651k▼
Current portion of amounts payable after more than one year42€152k€12k▼
Financial debts43€250k€252k▲
Credit institutions430/8€250k€252k▲
Trade debts44€361k€344k▼
Suppliers440/4€361k€344k▼
Advances received on contracts in progress46€750€750=
Taxes, remuneration and social security45€15k€42k▲
Taxes450/3€12k€36k▲
Remuneration and social security454/9€3k€6k▲
Other amounts payable47/48€15k€628▼
Accrued charges and deferred income492/3€49€0▼
Income statement
Code20242025
Non-recurring operating income76A-€12k
Remuneration, social security and pensions62€3k€10k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€19k▲
Other operating charges640/8€2k€86k▲
Non-recurring operating charges66A€1k€0▼
Gross operating margin9900€468k€570k▲
Operating profit (loss)9901€444k€456k▲
Financial income75/76B€13k€39k▲
Recurring financial income75€13k€39k▲
Financial charges65/66B€33k€72k▲
Recurring financial charges65€33k€72k▲
Profit (loss) for the period before taxes9903€424k€422k▼
Income taxes67/77€9k€131k▲
Profit (loss) for the period9904€415k€292k▼
Profit (loss) for the period to be appropriated9905€415k€292k▼
Appropriation of the result
Profit (loss) to be appropriated9906€82k€292k▲
Profit (loss) brought forward from the previous period14P€-333k€0▲
Transfer to equity691/2€82k€292k▲
To other reserves6921€82k€292k▲
Social balance
Average headcount (FTE)90871.00.0▼
The notes to these accounts (21 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
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Equity above €500kEq €554k ▲111%
3 profitable years in a row build equity to €554k.
14-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Highest result since 2019net €415k ▲42.3%
Net result €415k, the highest in the series.
30-06
Financial
Equity above €200kEq €262k
2 profitable years in a row build equity to €262k.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Back to profitnet €292k
Net result €292k after 3 loss-making years.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
17-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 17 days late
2021
04-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 4 days late
2020
30-06
Financial
Weakest financial yearnet €-304k ▼5667%
Net result drops to €-304k, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity doublescurrent ratio 2.55
Current ratio from 1.13 to 2.55; short-term debt falls from €1.56M to €465k.
20-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 20 days late
2019
26-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
20-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 20 days late
2017
06-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 6 days late
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, Sint-Lievens-Houtem · 1 establishment unit since 2009
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.
Boekhoutstraat 59520 Sint-Lievens-HoutemGround area
1.2 ha
Building footprint
531 m²
Volume, LiDAR
3,002 m³
2 parcels, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
M2L
since 20092.179.469.442
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44052B0114/00R002 | Flanders | 1.1 ha | 1 · 370 m² | 10.2 m · 2 fl. |
| 41007C0337/00E000 | Flanders | 1,126 m² | 1 · 161 m² | 8.5 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 2,684 EUR awarded · 2,310 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,529 EUR | 1,155 EUR |
| 2024 | 1 | 0 EUR | 1,155 EUR |
| 2023 | 1 | 1,155 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteOosterzele2.179.469.442
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ABELOG
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Of 1,569 companies in sector 46349 we hold annual accounts for 979. 666 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-04-2009
Fiscal year end30-06
Activities, NACEBEL
46349Wholesale of beverages, general range
46389Wholesale of other food products
68321Property management for co-owned buildings (syndics)
96999Other personal services
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.