M2O
ActiveM2O has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.15M and a net result of €44k. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 89% of 2041 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
87
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▼-22
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95k at 30 days acceptable
Liquidity ample (current ratio 4.54 against 5.98 in 2024; short-term debt: 19.5% and cash: 45.2% of total assets), and 19.5% 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
80.5%
Return on assets
3.1%
Age of the figures
9 mo
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 04-06-2026, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
57 d early
2024
34 d early
2023
14 d early
2022
76 d early
2021
41 d early
2020
71 d early
2019
2 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€44k▼ 85.9%
2024 · €310k
2018: €273k
2019: €170k
2020: €231k
2021: €458k
2022: €323k
2023: €315k
2024: €310k
2018 → 2025
Working capital
€983k▼ 10.0%
2024 · €1.09M
2018: €-30k
2019: €-57k
2020: €750k
2021: €763k
2022: €831k
2023: €857k
2024: €1.09M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€922k-€944k▲ 2.4%€958k▲ 1.5%€1.27M▲ 32.3%€1.15M▼ 9.6%
Operating result€588k-€419k▼ 28.9%€451k▲ 7.7%€408k▼ 9.6%€56k▼ 86.3%
Net result€458k-€323k▼ 29.6%€315k▼ 2.4%€310k▼ 1.6%€44k▼ 85.9%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 86% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.42M
Fixed assets
€163k▼ 13.0%
Current assets
€1.26M▼ 3.8%
Equity and liabilities €1.42M
Equity
€1.15M▼ 9.6%
Debt
€278k▲ 20.2%
The debt ratio rises from 15.4% to 19.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€126k▼
2024 · €487k
Cash flow
€114k▼
2024 · €389k
Solvency
80.5%▼
2024 · 84.6%
Current ratio
4.54▼
2024 · 5.98
Quick ratio
4.02▼
2024 · 5.03
Debt / equity
0.24▲
2024 · 0.18
ROE
3.8%▼
2024 · 24.4%
ROA
3.1%▼
2024 · 20.7%
Interest coverage
126.73▼
2024 · 157.31
Debt
€278k▲
2024 · €231k
Debt ≤ 1 year
€278k▲
2024 · €219k
Income taxes
€15k▼
2024 · €104k
Staff costs
€863k▼
2024 · €1.01M
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€1.50M€1.42M▼
Fixed assets21/28€188k€163k▼
Intangible fixed assets21€10k€3k▼
Tangible fixed assets22/27€174k€157k▼
Land and buildings22€3k€3k▼
Plant, machinery and equipment23€36k€44k▲
Furniture and vehicles24€135k€108k▼
Other tangible fixed assets26-€2k
Financial fixed assets28€3k€3k=
Current assets29/58€1.31M€1.26M▼
Stocks and contracts in progress3€210k€143k▼
Stocks30/36€210k€143k▼
Amounts receivable within one year40/41€144k€87k▼
Trade receivables40€144k€57k▼
Other amounts receivable41-€31k
Current investments50/53€371k€371k=
Cash at bank and in hand54/58€546k€644k▲
Deferred charges and accrued income490/1€39k€16k▼
Equity and liabilities
Total equity and liabilities10/49€1.50M€1.42M▼
Equity10/15€1.27M€1.15M▼
Contributions10/11€137k€137k=
Capital10€137k€137k=
Issued capital100€137k€137k=
Reserves13€385k€385k=
Non-distributable reserves130/1€385k€385k=
Legal reserve130€14k€14k=
Own shares acquired1312€371k€371k=
Profit (loss) carried forward14€745k€623k▼
Investment grants15€1k€1k▼
Amounts payable17/49€231k€278k▲
Amounts payable within one year42/48€219k€278k▲
Trade debts44€150k€34k▼
Suppliers440/4€150k€34k▼
Advances received on contracts in progress46-€30k
Taxes, remuneration and social security45€69k€49k▼
Taxes450/3€43k€43k▼
Remuneration and social security454/9€25k€7k▼
Other amounts payable47/48-€165k
Accrued charges and deferred income492/3€12k-
Income statement
Code20242025
Remuneration, social security and pensions62€1.01M€863k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€79k€70k▼
Other operating charges640/8€9k€2k▼
Non-recurring operating charges66A€2k-
Gross operating margin9900€1.50M€991k▼
Operating profit (loss)9901€408k€56k▼
Financial income75/76B€9k€3k▼
Recurring financial income75€9k€3k▼
Financial charges65/66B€3k€994▼
Recurring financial charges65€3k€994▼
Profit (loss) for the period before taxes9903€414k€58k▼
Income taxes67/77€104k€15k▼
Profit (loss) for the period9904€310k€44k▼
Profit (loss) for the period to be appropriated9905€310k€44k▼
Appropriation of the result
Profit (loss) to be appropriated9906€745k€788k▲
Profit (loss) brought forward from the previous period14P€435k€745k▲
Profit to be distributed694/7-€165k
Return on contributions (dividend)694-€165k
Social balance
Average headcount (FTE)908714.115.7▲
The notes to these accounts (13 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
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €44k ▼85.9%
Net result drops to €44k, the lowest in the series.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Liquidity triplescurrent ratio 5.98
Current ratio from 2.37 to 5.98; short-term debt falls from €627k to €219k.
31-12
Financial
Equity above €1MEq €1.27M ▲32.3%
7 profitable years in a row build equity to €1.27M.
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
16-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €458k ▲98.4%
Operating result €588k, net result €458k, both a record.
21-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity doublescurrent ratio 2.33
Current ratio from 0.96 to 2.33; short-term debt falls from €1.35M to €563k.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
09-06
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.
Directors · office · real estate
Directors
10 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, Perwez · 1 establishment unit since 1989
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.
Chaussée de Charleroi 41360 PerwezGround area
6,023 m²
Building footprint
230 m²
Volume, LiDAR
1,921 m³
Parcel 25100A0072/00R003, Wallonia · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
M2O
since 19892.043.784.357
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25100A0072/00R003 | Wallonia | 6,023 m² | 1 · 230 m² | 11.6 m · 3 fl. |
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
VIOMAT
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UNIC CONCEPT
BE 0839.564.494
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ELBORECO
BE 0471.199.472
Turnhout · Eq €1.15M
BONNE TRADING
BE 0457.898.693
Gent · Eq €1.15M
MAQUA Frères
BE 0451.625.466
Bouillon · Eq €1.14M
Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 2,995 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded20-05-1989
Fiscal year end31-12
Trade name FR
Promo Piscines
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
45250
47521Retail sale of hardware, building materials, paint and glass (general range)
52461
32300Other manufacturing
81230Other cleaning activities
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
General meetings
1 convocationExtraordinary general meeting
Agenda
1. Approbation de l’opération de rachat d’actions propres. 2. Transformation des actions au porteur en actions nominatives. 3. Démissions et nominations d’administrateurs.