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M31

Active
Private limited companyfounded 20233 yrs activeMarkt 31a, 2460 Kasterlee, BelgiumKBO/BCE: BE 0801.343.130
Summary

The computed 12-month bankruptcy probability of M31 is 2.2% (moderate). The 2025 annual accounts show equity of €7,700 and a net result of €2,762. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 94% of 1570 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency100=
Growth78▲+46
Track record94
Bankruptcy probability, 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 8.76 against 10.46 in 2024; short-term debt: 11.4% and cash: 99.6% of total assets), and 11.4% of the assets are financed with debt.
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Signals

Four 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% 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 2025
Solvency, return and age of the figures
Solvency
88.6%
Return on assets
31.8%
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 · 3 filings
Deviation from the deadline
2025
57 d early
2024
35 d early
2023
50 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 47 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.

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 months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

M31 was incorporated on 2 May 2023 as a Private limited company.1 Total assets went from EUR 7,969 in 2023 to EUR 8,692 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€7,700▲ 55.9%
2024 · €4,938
Total assets
€8,692▲ 59.2%
2024 · €5,460
Net result
€2,762
2024 · -€2,531
Working capital
€7,700▲ 55.9%
2024 · €4,938
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202320242025
Operating result€3,091--€2,470€3,270
Net result€2,470--€2,531€2,762
Equity€7,470-€4,938▼ 33.9%€7,700▲ 55.9%
Total assets€7,969-€5,460▼ 31.5%€8,692▲ 59.2%
Debt€500-€522▲ 4.4%€992▲ 90.1%
Working capital€7,470-€4,938▼ 33.9%€7,700▲ 55.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€4,000-€2,000€0€2,000€4,000Operating result 2023: €3,091€3,091Net result 2023: €2,470€2,470Operating result 2024: -€2,470-€2,470Net result 2024: -€2,531-€2,531Operating result 2025: €3,270€3,270Net result 2025: €2,762€2,762202320242025-€4,000-€2,000€0€2,000€4,000Operating result 2023: €3,091€3,090Net result 2023: €2,470€2,470Operating result 2024: -€2,470-€2,470Net result 2024: -€2,531-€2,530Operating result 2025: €3,270€3,270Net result 2025: €2,762€2,760202320242025
The operating result returns to profit in 2025: €3,270 after a loss of €2,470 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €8,692
Equity €7,700 ▲ 55.9%
Debt €992 ▲ 90.1%
Debt's share of the balance-sheet total rises from 9.6% to 11.4%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
Current ratio
8.76▼
2024 · 10.46
Debt to equity
0.13▲
2024 · 0.11
ROE
35.9%▲
2024 · -51.3%
ROA
31.8%▲
2024 · -46.4%
Debt ≤ 1 year
€992▲
2024 · €522
Income taxes
€395▲
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 39,275 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 33 lines
Balance sheet Code20242025
Assets
Total assets20/58€5,460€8,692▲
Current assets29/58€5,460€8,692▲
Stocks and contracts in progress3€444€0▼
Stocks30/36€444€0▼
Amounts receivable within one year40/41€0-
Trade receivables40€0-
Cash at bank and in hand54/58€5,016€8,654▲
Deferred charges and accrued income490/1-€38
Equity and liabilities
Total equity and liabilities10/49€5,460€8,692▲
Equity10/15€4,938€7,700▲
Contributions10/11€5,000€5,000=
Reserves13-€2,700
Distributable reserves133-€2,700
Profit (loss) carried forward14-€62€0▲
Amounts payable17/49€522€992▲
Amounts payable within one year42/48€522€992▲
Trade debts44€387€188▼
Suppliers440/4€387€188▼
Taxes, remuneration and social security45€135€805▲
Taxes450/3€135€805▲
Income statement Code20242025
Other operating charges640/8€800€520▼
Gross operating margin9900-€1,670€3,790▲
Operating profit (loss)9901-€2,470€3,270▲
Financial charges65/66B€61€113▲
Recurring financial charges65€61€113▲
Profit (loss) for the period before taxes9903-€2,531€3,157▲
Income taxes67/77€0€395▲
Profit (loss) for the period9904-€2,531€2,762▲
Profit (loss) for the period to be appropriated9905-€2,531€2,762▲
Appropriation of the result
Profit (loss) to be appropriated9906-€62€2,700▲
Profit (loss) brought forward from the previous period14P€2,470-€62▼
Transfer to equity691/2-€2,700
To other reserves6921-€2,700

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Other operating charges640/8€434€800€520▼ 35.1%
Gross operating margin9900€3,525-€1,670€3,790▲ 327%
Operating profit (loss)9901€3,091-€2,470€3,270▲ 232%
Financial charges65/66B€4€61€113▲ 85.6%
Recurring financial charges65€4€61€113▲ 85.6%
Profit (loss) for the period before taxes9903€3,087-€2,531€3,157▲ 225%
Income taxes67/77€617€0€395-
Profit (loss) for the period9904€2,470-€2,531€2,762▲ 209%
Profit (loss) for the period to be appropriated9905€2,470-€2,531€2,762▲ 209%
Line202320242025Change
Assets
Total assets20/58€7,969€5,460€8,692▲ 59.2%
Current assets29/58€7,969€5,460€8,692▲ 59.2%
Stocks and contracts in progress3-€444€0▼ 100%
Stocks30/36-€444€0▼ 100%
Amounts receivable within one year40/41€7,950€0--
Trade receivables40€7,950€0--
Cash at bank and in hand54/58€19€5,016€8,654▲ 72.5%
Deferred charges and accrued income490/1--€38-
Equity and liabilities
Total equity and liabilities10/49€7,969€5,460€8,692▲ 59.2%
Equity10/15€7,470€4,938€7,700▲ 55.9%
Contributions10/11€5,000€5,000€5,000=
Reserves13--€2,700-
Distributable reserves133--€2,700-
Profit (loss) carried forward14€2,470-€62€0▲ 100%
Amounts payable17/49€500€522€992▲ 90.1%
Amounts payable within one year42/48€500€522€992▲ 90.1%
Trade debts44€48€387€188▼ 51.6%
Suppliers440/4€48€387€188▼ 51.6%
Taxes, remuneration and social security45€452€135€805▲ 497%
Taxes450/3€452€135€805▲ 497%
Line202320242025Change
Profit (loss) for the period9904€2,470-€2,531€2,762▲ 209%
Operating cash flow (approximation)€2,470-€2,531€2,762▲ 209%
Change in cash-€4,997€3,638▼ 27.2%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
04-06
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Back to profitnet €2,762
Net result €2,762 after one loss-making year.
26-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Weakest financial yearnet -€2,531
Net result drops to -€2,531, the lowest in the series; recovery starts the following year.
11-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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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, Kasterlee · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
1,444 m²
Building footprint
521 m²
Volume, LiDAR
511 m³
Parcel 13017F0338/00V000, Flanders · tallest building 10.2 m. Linked by address, not a title deed.
1 establishment unit
M31
Markt 31a, 2460 KasterleeManufacture of food products
since 20232.345.035.277
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
13017F0338/00V000 Flanders 1,444 m² 1 · 521 m² 10.2 m
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.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Kasterlee2.345.035.277
1 permission
Detailhandel LM>3 maand · since 02-05-2023

Similar companies · same sector, comparable size

Of 87 companies in sector 10860 we hold annual accounts for 47. 13 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
Founded02-05-2023
Fiscal year end31-12
Activities, NACEBEL 2025
10860Manufacture of food products
20140Manufacture of chemicals and chemical products
21201Manufacture of basic pharmaceutical products and pharmaceutical preparations
E-invoicing
Reachable via Peppol
Peppol ID 0208:0801343130
Also 9925:BE0801343130
Registered 02-06-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.