Result
-€2,940 ▲ 95.0%
The result rose in 2025 from -€58,767 to -€2,940.
M2V
Lifetime
19 annual accounts with figures on one time axispeak €301,469 (2023)
€235,027▲ 21.5%
lowest -€58,767 (2024)
-€2,940▲ €55,826
peak €698,331 (2023)
€636,624▼ 0.5%
€1.7m▲ 1.7%
peak 4 FTE (2023)
1 FTE▲ 25.0%
Board1 name since 2022
-
Documentsfilings and deeds
09-02-20269 days late
2025abbreviated format
Gross margin from €193,446 to €235,027Loss of €2,940Staff from 0.8 FTE to 1 FTE
Key points
from the 2025 annual accountsTurnover
≈ €470,000 estimated
The accounts state no turnover.
Debts
€1.7m 72% of the balance sheet
Financial debts 52%Suppliers 0%Taxes and wages 1%Other 47%
Of this, €401,184 falls due within a year.
Filings
19 annual accounts since 2007
Two of the last ten came late. The 2025 accounts came latest: 9 days after the end of the period.
Restructuring
2023
Merger with TMAECKEWAERT. Merger on 01-12-2023.
Position in the sector
-€2,940
Lower net result than 80% of companies in architecture and engineering. Sector median €26,976 · 2,564 companies.
Checked score
84
Excellent
Financially stronger than 28% of micro companies in architecture and engineering (NACE 71)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 14,828 companies (NACE 71, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.3%▲ +0.2 percentage points vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.4%▲ +0.1 percentage points vs 11-2025
01-2026: 0.5%▲ +0.1 percentage points vs 12-2025
02-2026: 0.8%▲ +0.3 percentage points vs 01-2026highest value
03-2026: 0.2%▼ -0.6 percentage points vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.3%▲ +0.1 percentage points vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.20, cash €42,196
Loss of €2,940, the second in a row (financial year 2025)
lowers risk
Size: 1 FTE, total assets €2.3m
Figures for financial year 2025 (filed on 11-02-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, micro). It does better than 28% of them on solvency, 27% on liquidity, 21% on profitability and 37% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,450 companies had the same profile as M2V has now. Each dot stands for 7 companies, two years later.
93.2%
were still trading
5.0%
stopped another way
1.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of M2V itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,450 companies, not a prediction for M2V. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €50,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.2 (0.22 in 2024), below 1. Short-term debt is 17.2% and cash 1.8% of total assets. 72.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€2,940
neutral · A punctual record breaks
This company filed 8 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 09-02-2026, 9 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
9 days late
2024
23 days early
2023
on the day
2022
11 days early
2021
3 days early
2020
2 days early
2019
17 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 7 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 28 January (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end10-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0883162135
Merger: M2V takes over TMAECKEWAERT
Resignation: Wouter Maeckelberghe (director) · “Electrotechnisch installateur; Metaalconstructies; Het ontwerpen, de montage en het onderhoud van systemen…” (deed in Dutch) · The company holds all the shares of TMAECKEWAERT · General meeting of 11-12-2023 · Gazette deed
Merger proposal: M2V takes over TmaeckeWaert
Permanent representative: Wouter Maeckelberghe · Wouter Maeckelberghe holds 100% of the shares · The company holds all the shares of TmaeckeWaert · Gazette deed
New establishment in Gistel
Oostendse Baan 74
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| M2V Veurne | €2.3m | €235,027 | 27.3% | 1 |
| VANGOR Kontich | €2.7m | €201,424 | 62.1% | 1.1 |
| MK PROJECTS Veurne | €2.4m | €223,414 | 7.9% | 0 |
| DVM PROJECTS Kortrijk | €1.5m | €254,326 | 43.5% | 1.4 |
| FREVAN ENGINEERING Mouscron | €2.5m | €308,475 | 90.4% | 2 |
| STEMBERG Wijnegem | €1.8m | €341,514 | 63.1% | 2 |
| energy@home Zulte | €1.7m | €150,217 | 80.8% | 0.9 |
These companies have the same main activity as M2V: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €1.5m and €2.7m, founded between 1999 and 2015.
Official details
Source: KBO- Status
- Active since 25-08-2006Normal situation
- Activity
- Engineering and related technical consultancy, excluding land surveyorsNACE 71121
- Establishment units
- 2.155.977.5278630 Veurne, since 04-09-2006
- 2.385.549.1108470 Gistel, since 01-01-2019
- Financial year end
- 30 June
- Peppol
- Reachable since 03-06-2025
Annual accounts to 30-06-2025
- €2.3m▲ 1.1%
- Employeeson 30-06-2025
- 2=
- Filing
- Filed on 09-02-2026
Insights on M2V
M2V files the abbreviated format. That format states no turnover. The gross margin rose from €70,137 in 2007 to €235,027 in 2025.
The balance sheet grew most from 2017 to 2019 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about M2V
- What is the company number of M2V?
- The company number of M2V is 0883.162.135. The VAT number is the same number with BE in front: BE 0883.162.135.
- Where is M2V based?
- The registered office is at Calonnegracht 21, 8630 Veurne.Company details
- What does M2V do?
- According to the KBO register, the main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121).
- What is the legal form of M2V?
- M2V is a private limited company (BV).
- When was M2V founded?
- M2V was founded on 25-08-2006.
- Is M2V still active?
- Yes, M2V is an active enterprise in the KBO register.
- How many employees does M2V have?
- M2V had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of M2V?
- The turnover in financial year 2025 is ≈ €470,000. This figure is estimated from the gross margin of €235,027 and 53 comparable companies (NACE 711). It probably lies between €360,000 and €710,000.
- Is M2V profitable?
- In financial year 2025, M2V made a loss of €2,940.
- Where can I find the annual accounts of M2V?
- M2V filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of M2V due?
- M2V must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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