M2Mcom
ActiveSummary
M2Mcom has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €346k and a net result of €67k. Equity is growing by ~34.5% per year across the filed fiscal years. Its solvency ranks better than 70% of 93 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▲+2
Solvency81▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.28 against 1.15 in 2024; short-term debt: 21.9% and cash: 12.2% of total assets), and 44.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 61
Relative position
BE, all sectors
reference
Telecommunications (NACE 61)
about 159% more bankruptcies
← 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
55.9%
Return on assets
10.8%
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
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
13 d early
2023
14 d early
2022
14 d early
2021
16 d early
2020
9 d early
2019
1 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€346k▲ 17.2%
2024 · €295k
2018: €54k
2019: €65k▲ +20.1% vs 2018
2020: €48k▼ -25.2% vs 2019lowest in 8 years
2021: €88k▲ +82.9% vs 2020
2022: €157k▲ +77.0% vs 2021
2023: €239k▲ +52.7% vs 2022
2024: €295k▲ +23.4% vs 2023
2025: €346k▲ +17.2% vs 2024highest in 8 years
2018 → 2025
Total assets
€619k▲ 0.6%
2024 · €615k
2018: €108klowest in 8 years
2019: €152k▲ +40.6% vs 2018
2020: €119k▼ -22.2% vs 2019
2021: €538k▲ +354% vs 2020
2022: €593k▲ +10.3% vs 2021
2023: €602k▲ +1.4% vs 2022
2024: €615k▲ +2.3% vs 2023
2025: €619k▲ +0.6% vs 2024highest in 8 years
2018 → 2025
Net result
€67k▲ 19.2%
2024 · €56k
2018: €12k
2019: €11k▼ -8.9% vs 2018
2020: €-16k▼ -250% vs 2019lowest in 8 years
2021: €40k▲ +347% vs 2020
2022: €68k▲ +69.8% vs 2021
2023: €83k▲ +21.2% vs 2022highest in 8 years
2024: €56k▼ -32.2% vs 2023
2025: €67k▲ +19.2% vs 2024
2018 → 2025
Working capital
€38k▲ 78.0%
2024 · €21k
2018: €32k
2019: €40k▲ +24.7% vs 2018highest in 8 years
2020: €28k▼ -28.6% vs 2019
2021: €-66k▼ -331% vs 2020lowest in 8 years
2022: €-36k▲ +44.8% vs 2021
2023: €937▲ +103% vs 2022
2024: €21k▲ +2181% vs 2023
2025: €38k▲ +78.0% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€88k-€157k▲ 77.0%€239k▲ 52.7%€295k▲ 23.4%€346k▲ 17.2%
2021: €88klowest in 5 years
2022: €157k▲ +77.0% vs 2021
2023: €239k▲ +52.7% vs 2022
2024: €295k▲ +23.4% vs 2023
2025: €346k▲ +17.2% vs 2024highest in 5 years
Operating result€60k-€106k▲ 76.2%€124k▲ 17.5%€88k▼ 29.0%€96k▲ 9.0%
2021: €60klowest in 5 years
2022: €106k▲ +76.2% vs 2021
2023: €124k▲ +17.5% vs 2022highest in 5 years
2024: €88k▼ -29.0% vs 2023
2025: €96k▲ +9.0% vs 2024
Net result€40k-€68k▲ 69.8%€83k▲ 21.2%€56k▼ 32.2%€67k▲ 19.2%
2021: €40klowest in 5 years
2022: €68k▲ +69.8% vs 2021
2023: €83k▲ +21.2% vs 2022highest in 5 years
2024: €56k▼ -32.2% vs 2023
2025: €67k▲ +19.2% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 9% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €619k
Fixed assets
€445k ▼ 0.3%
Current assets
€173k ▲ 2.8%
Equity and liabilities €619k
Equity
€346k ▲ 17.2%
Debt
€273k ▼ 14.7%
Debt's share of the balance-sheet total falls from 52.0% to 44.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€97k▲
2024 · €89k
Cash flow
€68k▲
2024 · €57k
Current ratio
1.28▲
2024 · 1.15
Debt to equity
0.79▼
2024 · 1.09
ROE
19.3%▲
2024 · 19.0%
ROA
10.8%▲
2024 · 9.1%
Interest coverage
32.99▲
2024 · 9.90
Debt ≤ 1 year
€135k▼
2024 · €147k
Debt > 1 year
€138k▼
2024 · €173k
Income taxes
€27k▲
2024 · €23k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€615k€619k▲
Fixed assets21/28€447k€445k▼
Tangible fixed assets22/27€2k€615▼
Furniture and vehicles24€2k€615▼
Financial fixed assets28€445k€445k=
Current assets29/58€169k€173k▲
Amounts receivable after more than one year29€3k€3k=
Other amounts receivable291€3k€3k=
Amounts receivable within one year40/41€108k€95k▼
Trade receivables40€104k€92k▼
Other amounts receivable41€3k€3k=
Cash at bank and in hand54/58€58k€75k▲
Equity and liabilities
Total equity and liabilities10/49€615k€619k▲
Equity10/15€295k€346k▲
Contributions10/11€21k€21k=
Reserves13€274k€325k▲
Distributable reserves133€274k€325k▲
Amounts payable17/49€320k€273k▼
Amounts payable after more than one year17€173k€138k▼
Financial debts170/4€173k€138k▼
Amounts payable within one year42/48€147k€135k▼
Current portion of amounts payable after more than one year42€40k€35k▼
Trade debts44€14k€22k▲
Suppliers440/4€14k€22k▲
Taxes, remuneration and social security45€16k€19k▲
Taxes450/3€16k€19k▲
Other amounts payable47/48€77k€59k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k=
Other operating charges640/8€458€473▲
Gross operating margin9900€90k€98k▲
Operating profit (loss)9901€88k€96k▲
Financial income75/76B€110€305▲
Recurring financial income75€110€305▲
Financial charges65/66B€9k€3k▼
Recurring financial charges65€9k€3k▼
Profit (loss) for the period before taxes9903€79k€93k▲
Income taxes67/77€23k€27k▲
Profit (loss) for the period9904€56k€67k▲
Profit (loss) for the period to be appropriated9905€56k€67k▲
Appropriation of the result
Profit (loss) to be appropriated9906€56k€67k▲
Transfer from equity791/2-€16k
Transfer to equity691/2€56k€67k▲
To other reserves6921€56k€67k▲
Profit to be distributed694/7-€16k
Return on contributions (dividend)694-€16k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €66 | - | €618 | €1k | €1k | = |
| Other operating charges640/8 | €14k | - | €348 | €458 | €473 | ▲ 3.4% |
| Gross operating margin9900 | €74k | €106k | €125k | €90k | €98k | ▲ 8.8% |
| Operating profit (loss)9901 | €60k | €106k | €124k | €88k | €96k | ▲ 9.0% |
| Financial income75/76B | - | - | - | €110 | €305 | ▲ 177% |
| Recurring financial income75 | - | - | - | €110 | €305 | ▲ 177% |
| Financial charges65/66B | €5k | €9k | €8k | €9k | €3k | ▼ 67.3% |
| Recurring financial charges65 | €5k | €9k | €8k | €9k | €3k | ▼ 67.3% |
| Profit (loss) for the period before taxes9903 | €55k | €96k | €116k | €79k | €93k | ▲ 17.9% |
| Income taxes67/77 | €14k | €28k | €34k | €23k | €27k | ▲ 14.8% |
| Profit (loss) for the period9904 | €40k | €68k | €83k | €56k | €67k | ▲ 19.2% |
| Profit (loss) for the period to be appropriated9905 | €40k | €68k | €83k | €56k | €67k | ▲ 19.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €538k | €593k | €602k | €615k | €619k | ▲ 0.6% |
| Fixed assets21/28 | €445k | €445k | €451k | €447k | €445k | ▼ 0.3% |
| Tangible fixed assets22/27 | - | - | €3k | €2k | €615 | ▼ 66.7% |
| Furniture and vehicles24 | - | - | €3k | €2k | €615 | ▼ 66.7% |
| Financial fixed assets28 | €445k | €445k | €448k | €445k | €445k | = |
| Current assets29/58 | €93k | €148k | €151k | €169k | €173k | ▲ 2.8% |
| Amounts receivable after more than one year29 | - | - | - | €3k | €3k | = |
| Other amounts receivable291 | - | - | - | €3k | €3k | = |
| Stocks and contracts in progress3 | €2k | €2k | - | - | - | - |
| Stocks30/36 | €2k | €2k | - | - | - | - |
| Amounts receivable within one year40/41 | €59k | €86k | €95k | €108k | €95k | ▼ 11.9% |
| Trade receivables40 | €54k | €58k | €92k | €104k | €92k | ▼ 12.3% |
| Other amounts receivable41 | €5k | €28k | €3k | €3k | €3k | = |
| Cash at bank and in hand54/58 | €29k | €61k | €56k | €58k | €75k | ▲ 30.4% |
| Deferred charges and accrued income490/1 | €3k | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €538k | €593k | €602k | €615k | €619k | ▲ 0.6% |
| Equity10/15 | €88k | €157k | €239k | €295k | €346k | ▲ 17.2% |
| Contributions10/11 | €21k | €21k | €21k | €21k | €21k | = |
| Reserves13 | €67k | €136k | €218k | €274k | €325k | ▲ 18.5% |
| Non-distributable reserves130/1 | €2k | - | - | - | - | - |
| Reserves not available under the articles1311 | €2k | - | - | - | - | - |
| Distributable reserves133 | €65k | €136k | €218k | €274k | €325k | ▲ 18.5% |
| Amounts payable17/49 | €449k | €437k | €362k | €320k | €273k | ▼ 14.7% |
| Amounts payable after more than one year17 | €291k | €252k | €213k | €173k | €138k | ▼ 20.3% |
| Financial debts170/4 | €291k | €252k | €213k | €173k | €138k | ▼ 20.3% |
| Amounts payable within one year42/48 | €159k | €185k | €150k | €147k | €135k | ▼ 8.1% |
| Current portion of amounts payable after more than one year42 | €38k | €39k | €39k | €40k | €35k | ▼ 11.5% |
| Trade debts44 | €16k | €26k | €12k | €14k | €22k | ▲ 51.5% |
| Suppliers440/4 | €16k | €26k | €12k | €14k | €22k | ▲ 51.5% |
| Taxes, remuneration and social security45 | €29k | €44k | €33k | €16k | €19k | ▲ 21.6% |
| Taxes450/3 | €23k | €44k | €33k | €16k | €19k | ▲ 21.6% |
| Remuneration and social security454/9 | €6k | €89 | - | - | - | - |
| Other amounts payable47/48 | €76k | €76k | €66k | €77k | €59k | ▼ 23.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €40k | €68k | €83k | €56k | €67k | ▲ 19.2% |
| + Depreciation and write-downs630 | €66 | - | €618 | €1k | €1k | = |
| Operating cash flow (approximation) | €40k | €68k | €83k | €57k | €68k | ▲ 18.8% |
| Investment in fixed assets (approximation) | - | €0 | €-7k | €3k | €0 | ▼ 100% |
| Change in cash | - | €32k | €-5k | €2k | €18k | ▲ 787% |
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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €83k ▲21.2%
Operating result €124k, net result €83k, both a record.
31-12
Financial
Equity above €200kEq €239k ▲52.7%
3 profitable years in a row build equity to €239k.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €150kEq €157k ▲77%
2 profitable years in a row build equity to €157k.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €40k
Net result €40k after one loss-making year.
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Londerzeel · 1 establishment unit since 2009
Ground area
1,023 m²
Building footprint
204 m²
Volume, LiDAR
1,251 m³
Parcel 23045C0022/00K000, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
M2Mcom
since 20092.177.408.686
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23045C0022/00K000 | Flanders | 1,023 m² | 1 · 204 m² | 9.3 m · 2 fl. |
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.
Similar companies · same sector, comparable size
BELGIAN TRAVEL NETWORK
BE 0454.079.269
Zaventem · Eq €344,899
MEGA TELCO S.A.
BE 0788.562.092
Liège · Eq €344,619
Fonzer
BE 0627.815.078
Kontich · Eq €343,551
NIPPON KAIJI KYOKAI (BELGIUM) N.V.
BE 0882.912.509
Antwerpen · Eq €342,651
BELGA MOBILE
BE 0675.839.283
Brussel · Eq €339,809
Of 1,374 companies in sector 61100 we hold annual accounts for 584. 363 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-04-2009
Fiscal year end31-12
Activities, NACEBEL 2025
61100Wired, wireless and satellite telecommunications
56210Event catering
61200Telecommunications resale and intermediation services
Contact
E-mail
nico@m2mcom.be
Phone
0486564211
Scores and ratios are computed by Checked and are not a credit decision.