M3 Adco
ActiveM3 Adco has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €157k and a net result of €37k. Equity is growing by ~27% per year across the filed fiscal years. Its solvency ranks better than 35% of 7697 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▲+16
Solvency57▲+7
Growth52=
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 7.71 against 4.04 in 2024; short-term debt: 3.1% and cash: 16.9% of total assets), but 68.1% 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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← 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
31.9%
Return on assets
7.6%
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 28-07-2026, 3 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
3 d early
2024
17 d early
2023
12 d early
2022
31 d late
← 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€157k▲ 31.4%
2024 · €119k
2022: €75k
2023: €98k
2024: €119k
2022 → 2025
Total assets
€491k▲ 4.6%
2024 · €469k
2022: €97k
2023: €475k
2024: €469k
2022 → 2025
Net result
€37k▲ 76.2%
2024 · €21k
2022: €65k
2023: €23k
2024: €21k
2022 → 2025
Working capital
€101k▲ 91.9%
2024 · €53k
2022: €37k
2023: €22k
2024: €53k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€75k-€98k▲ 29.9%€119k▲ 21.7%€157k▲ 31.4%
Operating result€82k-€44k▼ 45.6%€42k▼ 5.9%€62k▲ 47.0%
Net result€65k-€23k▼ 65.5%€21k▼ 5.9%€37k▲ 76.2%
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 47% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €491k
Fixed assets
€374k▼ 6.1%
Current assets
€116k▲ 65.9%
Equity and liabilities €491k
Equity
€157k▲ 31.4%
Debt
€334k▼ 4.5%
The debt ratio falls from 74.6% to 68.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€86k▲
2024 · €66k
Cash flow
€62k▲
2024 · €46k
Solvency
31.9%▲
2024 · 25.4%
Current ratio
7.71▲
2024 · 4.04
Quick ratio
7.71▲
2024 · 4.04
Debt / equity
2.13▼
2024 · 2.94
ROE
23.9%▲
2024 · 17.8%
ROA
7.6%▲
2024 · 4.5%
Interest coverage
5.87▲
2024 · 4.34
Debt
€334k▼
2024 · €350k
Debt ≤ 1 year
€15k▼
2024 · €17k
Debt > 1 year
€319k▼
2024 · €333k
Income taxes
€9k▲
2024 · €5k
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€469k€491k▲
Fixed assets21/28€399k€374k▼
Tangible fixed assets22/27€399k€374k▼
Land and buildings22€338k€324k▼
Plant, machinery and equipment23€31k€25k▼
Furniture and vehicles24€30k€26k▼
Current assets29/58€70k€116k▲
Amounts receivable within one year40/41€22k€32k▲
Trade receivables40-€12k
Other amounts receivable41€22k€20k▼
Cash at bank and in hand54/58€47k€83k▲
Deferred charges and accrued income490/1€908€958▲
Equity and liabilities
Total equity and liabilities10/49€469k€491k▲
Equity10/15€119k€157k▲
Contributions10/11€10k€10k=
Reserves13€109k€147k▲
Distributable reserves133€109k€147k▲
Amounts payable17/49€350k€334k▼
Amounts payable after more than one year17€333k€319k▼
Financial debts170/4€333k€319k▼
Amounts payable within one year42/48€17k€15k▼
Current portion of amounts payable after more than one year42€13k€13k▲
Trade debts44€5k€2k▼
Suppliers440/4€5k€2k▼
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48-€14
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€24k▲
Other operating charges640/8€4k€4k▲
Gross operating margin9900€70k€90k▲
Operating profit (loss)9901€42k€62k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€15k€15k▼
Recurring financial charges65€15k€15k▼
Profit (loss) for the period before taxes9903€27k€47k▲
Income taxes67/77€5k€9k▲
Profit (loss) for the period9904€21k€37k▲
Profit (loss) for the period to be appropriated9905€21k€37k▲
Appropriation of the result
Profit (loss) to be appropriated9906€21k€37k▲
Transfer to equity691/2€21k€37k▲
To other reserves6921€21k€37k▲
The notes to these accounts (6 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
08-09
State Gazette act
General meeting · Registered-office move
Director appointment · Permanent representative
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €150kEq €157k ▲31.4%
4 profitable years in a row build equity to €157k.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €21k ▼5.9%
Net result drops to €21k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 4.04
Current ratio from 1.68 to 4.04; short-term debt falls from €32k to €17k.
31-12
Financial
Equity above €100kEq €119k ▲21.7%
3 profitable years in a row build equity to €119k.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
Financial milestoneState Gazette actNBB 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, Grobbendonk · 1 establishment unit since 2022
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.
Spechtdreef 102280 GrobbendonkGround area
2,036 m²
Building footprint
161 m²
Volume, LiDAR
746 m³
Parcel 13010C0046/00P004, Flanders · tallest building 6.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
M3 ADCO
since 20222.327.787.984
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13010C0046/00P004 | Flanders | 2,036 m² | 1 · 161 m² | 6.2 m · 2 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.
Structure & network
Ownership & control
1 partyM3 AdcoBE 0780.592.058
controls
Where this company holds controlthis company sits on their board1
1 location
Similar companies · same sector, comparable size
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WAREN
BE 0810.196.260
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WVLW
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WIRESPEED
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Of 24,497 companies in sector 82990 we hold annual accounts for 9,397. 7,103 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-01-2022
Fiscal year end31-12
Activities, NACEBEL
82990Other business support services
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.