M3PLUS
ActiveSummary
M3PLUS has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €510k and a net result of €93k. Equity is growing by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 60% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84=
Solvency94▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 2.66 against 2.11 in 2024; short-term debt: 17.2% and cash: 7.3% of total assets), and 31.3% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer 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
68.7%
Return on assets
12.6%
Age of the figures
12 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 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
2 d late
2023
on the day
2022
2 d early
2021
on the day
2020
on the day
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€510k▲ 2.8%
2024 · €496k
2018: €300klowest in 8 years
2019: €404k▲ +34.8% vs 2018
2020: €484k▲ +19.7% vs 2019
2021: €587k▲ +21.4% vs 2020highest in 8 years
2022: €580k▼ -1.3% vs 2021
2023: €500k▼ -13.7% vs 2022
2024: €496k▼ -0.9% vs 2023
2025: €510k▲ +2.8% vs 2024
2018 → 2025
Total assets
€741k▼ 10.6%
2024 · €829k
2018: €511k
2019: €446k▼ -12.7% vs 2018lowest in 8 years
2020: €514k▲ +15.3% vs 2019
2021: €689k▲ +33.9% vs 2020
2022: €743k▲ +7.9% vs 2021
2023: €843k▲ +13.4% vs 2022highest in 8 years
2024: €829k▼ -1.7% vs 2023
2025: €741k▼ -10.6% vs 2024
2018 → 2025
Net result
€93k▼ 6.3%
2024 · €100k
2018: €69k
2019: €104k▲ +50.1% vs 2018
2020: €80k▼ -23.6% vs 2019
2021: €126k▲ +57.8% vs 2020highest in 8 years
2022: €92k▼ -27.1% vs 2021
2023: €65k▼ -29.4% vs 2022lowest in 8 years
2024: €100k▲ +54.1% vs 2023
2025: €93k▼ -6.3% vs 2024
2018 → 2025
Working capital
€212k▼ 7.3%
2024 · €228k
2018: €221k
2019: €338k▲ +53.2% vs 2018
2020: €437k▲ +29.1% vs 2019
2021: €476k▲ +9.0% vs 2020highest in 8 years
2022: €450k▼ -5.4% vs 2021
2023: €343k▼ -23.6% vs 2022
2024: €228k▼ -33.5% vs 2023
2025: €212k▼ -7.3% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€587k-€580k▼ 1.3%€500k▼ 13.7%€496k▼ 0.9%€510k▲ 2.8%
2021: €587khighest in 5 years
2022: €580k▼ -1.3% vs 2021
2023: €500k▼ -13.7% vs 2022
2024: €496k▼ -0.9% vs 2023lowest in 5 years
2025: €510k▲ +2.8% vs 2024
Operating result€178k-€127k▼ 28.5%€96k▼ 24.3%€122k▲ 26.9%€133k▲ 8.7%
2021: €178khighest in 5 years
2022: €127k▼ -28.5% vs 2021
2023: €96k▼ -24.3% vs 2022lowest in 5 years
2024: €122k▲ +26.9% vs 2023
2025: €133k▲ +8.7% vs 2024
Net result€126k-€92k▼ 27.1%€65k▼ 29.4%€100k▲ 54.1%€93k▼ 6.3%
2021: €126khighest in 5 years
2022: €92k▼ -27.1% vs 2021
2023: €65k▼ -29.4% vs 2022lowest in 5 years
2024: €100k▲ +54.1% vs 2023
2025: €93k▼ -6.3% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 9% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €741k
Fixed assets
€402k ▲ 2.1%
Current assets
€339k ▼ 22.0%
Equity and liabilities €741k
Equity
€510k ▲ 2.8%
Debt
€232k ▼ 30.4%
Debt's share of the balance-sheet total falls from 40.2% to 31.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€171k▲
2024 · €156k
Cash flow
€131k▼
2024 · €134k
Current ratio
2.66▲
2024 · 2.11
Debt to equity
0.46▼
2024 · 0.67
ROE
18.3%▼
2024 · 20.1%
ROA
12.6%▲
2024 · 12.0%
Interest coverage
34.40▲
2024 · 29.47
Debt ≤ 1 year
€127k▼
2024 · €206k
Debt > 1 year
€104k▼
2024 · €127k
Income taxes
€40k▼
2024 · €40k
Staff costs
€74k▲
2024 · €71k
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 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€829k€741k▼
Fixed assets21/28€394k€402k▲
Tangible fixed assets22/27€394k€402k▲
Land and buildings22€140k€132k▼
Plant, machinery and equipment23€13k€14k▲
Furniture and vehicles24€165k€159k▼
Other tangible fixed assets26€76k€97k▲
Financial fixed assets28€0-
Current assets29/58€435k€339k▼
Amounts receivable within one year40/41€108k€89k▼
Trade receivables40€100k€76k▼
Other amounts receivable41€8k€14k▲
Current investments50/53€183k€183k▲
Cash at bank and in hand54/58€138k€54k▼
Deferred charges and accrued income490/1€6k€12k▲
Equity and liabilities
Total equity and liabilities10/49€829k€741k▼
Equity10/15€496k€510k▲
Contributions10/11€6k€6k=
Reserves13€490k€503k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€490k€503k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€333k€232k▼
Amounts payable after more than one year17€127k€104k▼
Financial debts170/4€127k€104k▼
Amounts payable within one year42/48€206k€127k▼
Current portion of amounts payable after more than one year42€24k€22k▼
Financial debts43€2€0▼
Credit institutions430/8€2€0▼
Trade debts44€19k€5k▼
Suppliers440/4€19k€5k▼
Taxes, remuneration and social security45€15k€15k▼
Taxes450/3€4k€3k▼
Remuneration and social security454/9€11k€11k▲
Other amounts payable47/48€148k€86k▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€71k€74k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€38k▲
Other operating charges640/8€245€329▲
Gross operating margin9900€227k€245k▲
Operating profit (loss)9901€122k€133k▲
Financial income75/76B€23k€5k▼
Recurring financial income75€23k€5k▼
Financial charges65/66B€5k€5k▼
Recurring financial charges65€5k€5k▼
Profit (loss) for the period before taxes9903€140k€133k▼
Income taxes67/77€40k€40k▼
Profit (loss) for the period9904€100k€93k▼
Profit (loss) for the period to be appropriated9905€100k€93k▼
Appropriation of the result
Profit (loss) to be appropriated9906€100k€93k▼
Transfer from equity791/2€104k€80k▼
Transfer to equity691/2€100k€93k▼
To other reserves6921€100k€93k▼
Profit to be distributed694/7€104k€80k▼
Return on contributions (dividend)694€104k€80k▼
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €23k | €7k | €18k | €0 | - | - |
| Remuneration, social security and pensions62 | €60k | €63k | €69k | €71k | €74k | ▲ 4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15k | €22k | €45k | €34k | €38k | ▲ 11.7% |
| Other operating charges640/8 | €83 | €656 | €110 | €245 | €329 | ▲ 34.4% |
| Gross operating margin9900 | €253k | €213k | €210k | €227k | €245k | ▲ 7.9% |
| Operating profit (loss)9901 | €178k | €127k | €96k | €122k | €133k | ▲ 8.7% |
| Financial income75/76B | €926 | €2k | €5k | €23k | €5k | ▼ 77.9% |
| Recurring financial income75 | €926 | €2k | €5k | €23k | €5k | ▼ 77.9% |
| Financial charges65/66B | €550 | €842 | €5k | €5k | €5k | ▼ 6.3% |
| Recurring financial charges65 | €550 | €842 | €5k | €5k | €5k | ▼ 6.3% |
| Profit (loss) for the period before taxes9903 | €179k | €129k | €97k | €140k | €133k | ▼ 5.0% |
| Income taxes67/77 | €53k | €37k | €32k | €40k | €40k | ▼ 1.6% |
| Profit (loss) for the period9904 | €126k | €92k | €65k | €100k | €93k | ▼ 6.3% |
| Transfer from tax-exempt reserves789 | €16k | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €141k | €92k | €65k | €100k | €93k | ▼ 6.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €689k | €743k | €843k | €829k | €741k | ▼ 10.6% |
| Fixed assets21/28 | €150k | €159k | €307k | €394k | €402k | ▲ 2.1% |
| Tangible fixed assets22/27 | €150k | €159k | €307k | €394k | €402k | ▲ 2.1% |
| Land and buildings22 | €22k | €22k | €147k | €140k | €132k | ▼ 5.4% |
| Plant, machinery and equipment23 | €1k | €708 | €2k | €13k | €14k | ▲ 7.8% |
| Furniture and vehicles24 | €126k | €136k | €138k | €165k | €159k | ▼ 3.6% |
| Other tangible fixed assets26 | - | - | €20k | €76k | €97k | ▲ 27.0% |
| Financial fixed assets28 | €160 | €160 | €345 | €0 | - | - |
| Current assets29/58 | €539k | €584k | €536k | €435k | €339k | ▼ 22.0% |
| Amounts receivable within one year40/41 | €56k | €58k | €97k | €108k | €89k | ▼ 16.8% |
| Trade receivables40 | €56k | €40k | €87k | €100k | €76k | ▼ 24.4% |
| Other amounts receivable41 | €9 | €18k | €10k | €8k | €14k | ▲ 84.1% |
| Current investments50/53 | €160k | €264k | €332k | €183k | €183k | ▲ 0.1% |
| Cash at bank and in hand54/58 | €315k | €254k | €102k | €138k | €54k | ▼ 61.0% |
| Deferred charges and accrued income490/1 | €7k | €9k | €6k | €6k | €12k | ▲ 112% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €689k | €743k | €843k | €829k | €741k | ▼ 10.6% |
| Equity10/15 | €587k | €580k | €500k | €496k | €510k | ▲ 2.8% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €581k | €574k | €494k | €490k | €503k | ▲ 2.8% |
| Non-distributable reserves130/1 | €8k | €8k | €8k | €0 | - | - |
| Reserves not available under the articles1311 | €8k | €8k | €8k | €0 | - | - |
| Tax-exempt reserves132 | €0 | - | - | - | - | - |
| Distributable reserves133 | €573k | €566k | €486k | €490k | €503k | ▲ 2.8% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €102k | €163k | €343k | €333k | €232k | ▼ 30.4% |
| Amounts payable after more than one year17 | €39k | €29k | €150k | €127k | €104k | ▼ 17.6% |
| Financial debts170/4 | €39k | €29k | €150k | €127k | €104k | ▼ 17.6% |
| Amounts payable within one year42/48 | €63k | €135k | €192k | €206k | €127k | ▼ 38.2% |
| Current portion of amounts payable after more than one year42 | €10k | €10k | €23k | €24k | €22k | ▼ 4.8% |
| Financial debts43 | - | €2 | €991 | €2 | €0 | ▼ 100% |
| Credit institutions430/8 | - | €2 | €991 | €2 | €0 | ▼ 100% |
| Trade debts44 | €2k | €1k | €4k | €19k | €5k | ▼ 76.5% |
| Suppliers440/4 | €2k | €1k | €4k | €19k | €5k | ▼ 76.5% |
| Taxes, remuneration and social security45 | €17k | €13k | €16k | €15k | €15k | ▼ 3.0% |
| Taxes450/3 | €9k | €4k | €5k | €4k | €3k | ▼ 20.8% |
| Remuneration and social security454/9 | €9k | €9k | €10k | €11k | €11k | ▲ 4.4% |
| Other amounts payable47/48 | €34k | €110k | €149k | €148k | €86k | ▼ 42.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €126k | €92k | €65k | €100k | €93k | ▼ 6.3% |
| + Depreciation and write-downs630 | €15k | €22k | €45k | €34k | €38k | ▲ 11.7% |
| Operating cash flow (approximation) | €140k | €114k | €110k | €134k | €131k | ▼ 1.7% |
| Investment in fixed assets (approximation) | - | €-31k | €-194k | €-121k | €-46k | ▲ 61.9% |
| Change in cash | - | €-62k | €-152k | €36k | €-84k | ▼ 331% |
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
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Equity above €500kEq €510k ▲2.8%
8 profitable years in a row build equity to €510k.
02-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 2 days late
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet €65k ▼29.4%
Net result drops to €65k, the lowest in the series; recovery starts the following year.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Highest result since 2018net €126k ▲57.8%
Operating result €178k, net result €126k, both a record.
30-09
Financial
Equity above €500kEq €587k ▲21.4%
4 profitable years in a row build equity to €587k.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Liquidity times 5current ratio 10.85
Current ratio from 2.14 to 10.85; short-term debt falls from €193k to €34k.
Show earlier events
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 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, Antwerpen · 1 establishment unit since 2008
Ground area
2,037 m²
Building footprint
183 m²
Volume, LiDAR
1,574 m³
Parcel 11051B0199/00T000, Flanders · tallest building 14.2 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
M3PLUS
since 20082.173.127.820
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11051B0199/00T000 | Flanders | 2,037 m² | 1 · 183 m² | 14.2 m · 3 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.
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Of 16,879 companies in sector 62100 we hold annual accounts for 8,771. 5,442 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
Founded14-08-2008
Fiscal year end30-09
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
63910Web portal activities
71112Activities of interior architects
Scores and ratios are computed by Checked and are not a credit decision.