M3PLUS
Annual accounts 2025
micro format, filed on 29-04-2026, 1 day before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €350,000. Estimated: probably between €310,000 and €510,000.
Balance sheet
balance sheet total €741,449 on 30-09-2025in euro
in euro
Position in the sector
68.7%
Higher than 60% of 21,206 companies in 2025.
2.66
Higher than 53% of 20,569 companies in 2025.
12.6%
Higher than 40% of 20,744 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Staff
€73,766
Staff costs divided by the average number of full-time equivalents.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||
20/58 |
741,449 | 828,917 | 842,864 | 743,207 | 689,083 | 514,470 | 446,012 | 510,877 | 479,828 | 442,261 | 350,580 | 328,107 | 309,121 | 233,117 | 196,255 | 139,445 | 98,818 | |
21/28 |
402,461 | 394,316 | 307,281 | 158,808 | 150,225 | 47,112 | 73,408 | 96,846 | 99,303 | 85,393 | 7,019 | 14,979 | 27,445 | 40,534 | 68,017 | 30,261 | 35,348 | |
22/27 |
402,461 | 394,316 | 306,937 | 158,648 | 150,065 | 46,952 | 73,248 | 96,686 | 99,223 | 85,313 | 6,939 | 14,899 | 27,365 | 40,454 | 68,017 | 30,261 | 35,348 | |
22 |
132,074 | 139,618 | 147,162 | 21,758 | 22,364 | 22,970 | 23,576 | 24,182 | 24,788 | 25,394 | - | - | - | - | - | - | - | |
23 |
14,382 | 13,341 | 1,661 | 708 | 1,417 | 2,125 | 4,907 | 4,146 | - | - | - | - | - | - | - | - | - | |
24 |
159,424 | 165,334 | 138,098 | 136,182 | 126,285 | 21,857 | 44,765 | 68,358 | 74,435 | 59,919 | 6,939 | 14,899 | 27,365 | 40,454 | 68,017 | 30,261 | 35,348 | |
26 |
96,582 | 76,023 | 20,016 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
28 |
- | 0 | 345 | 160 | 160 | 160 | 160 | 160 | 80 | 80 | 80 | 80 | 80 | 80 | - | - | - | |
29/58 |
338,987 | 434,601 | 535,583 | 584,400 | 538,858 | 467,358 | 372,604 | 414,031 | 380,525 | 356,868 | 343,562 | 313,128 | 281,676 | 192,584 | 128,238 | 109,184 | 63,469 | |
3 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5,499 | - | |
30/36 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5,499 | - | |
40/41 |
89,498 | 107,558 | 96,568 | 58,410 | 56,287 | 70,251 | 99,104 | 52,973 | 37,541 | 24,641 | 30,933 | 43,791 | 38,101 | 50,675 | 33,391 | 31,876 | 42,927 | |
40 |
75,567 | 99,991 | 86,712 | 39,985 | 56,277 | 61,002 | 95,600 | 52,774 | 37,527 | 24,641 | 30,933 | 43,335 | 38,101 | 50,631 | 28,716 | 31,726 | 42,927 | |
41 |
13,930 | 7,567 | 9,856 | 18,426 | 9 | 9,249 | 3,504 | 199 | 14 | - | - | 455 | - | 44 | 4,676 | 150 | - | |
50/53 |
183,470 | 183,270 | 331,589 | 263,744 | 160,065 | 104,149 | 103,493 | 207,390 | 206,227 | 175,483 | 139,901 | - | - | - | 25,000 | - | - | |
54/58 |
53,871 | 138,046 | 101,645 | 253,704 | 315,358 | 284,669 | 165,039 | 153,289 | 136,757 | 156,745 | 172,729 | 269,337 | 243,575 | 141,908 | 69,847 | 71,809 | 20,176 | |
490/1 |
12,149 | 5,726 | 5,782 | 8,541 | 7,148 | 8,289 | 4,968 | 379 | - | - | - | - | - | - | - | - | 367 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||
10/49 |
741,449 | 828,917 | 842,864 | 743,207 | 689,083 | 514,470 | 446,012 | 510,877 | 479,828 | 442,261 | 350,580 | 328,107 | 309,121 | 233,117 | 196,255 | 139,445 | 98,818 | |
10/15 |
509,568 | 495,804 | 500,309 | 579,934 | 587,309 | 483,643 | 403,999 | 299,797 | 381,570 | 351,136 | 312,202 | 288,356 | 256,484 | 176,401 | 113,663 | 76,904 | 32,161 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 157,400 | 157,400 | 157,400 | 157,400 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 169,800 | 169,800 | 169,800 | 169,800 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
503,368 | 489,604 | 494,109 | 573,734 | 581,109 | 477,443 | 397,799 | 293,597 | 224,170 | 193,736 | 154,802 | 130,956 | 250,284 | 170,201 | 107,463 | 70,704 | 25,961 | |
130/1 |
- | 0 | 8,203 | 8,203 | 8,203 | 8,203 | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 8,203 | 8,203 | 8,203 | 6,682 | 5,510 | 4,310 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | 0 | 8,203 | 8,203 | 8,203 | 8,203 | - | - | - | - | - | - | - | - | - | - | - | |
132 |
- | - | - | - | 0 | 15,500 | 15,500 | 15,500 | 15,500 | 15,500 | - | - | - | - | - | - | - | |
133 |
503,368 | 489,604 | 485,905 | 565,531 | 572,906 | 453,739 | 374,096 | 269,894 | 200,466 | 171,554 | 149,292 | 126,646 | 248,424 | 168,341 | 105,603 | 68,844 | 24,101 | |
14 |
0 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
17/49 |
231,881 | 333,113 | 342,556 | 163,273 | 101,774 | 30,827 | 42,013 | 211,080 | 98,258 | 91,126 | 38,379 | 39,751 | 52,637 | 56,716 | 82,593 | 62,542 | 66,657 | |
17 |
104,488 | 126,878 | 150,403 | 28,637 | 38,554 | - | 7,668 | 17,799 | 27,825 | 37,745 | - | - | 6,086 | 12,477 | 26,471 | 17,924 | 27,553 | |
170/4 |
104,488 | 126,878 | 150,403 | 28,637 | 38,554 | - | 7,668 | 17,799 | 27,825 | 37,745 | - | - | 6,086 | 12,477 | 26,471 | 17,924 | 27,553 | |
42/48 |
127,393 | 206,235 | 192,152 | 134,637 | 63,220 | 30,827 | 34,344 | 193,281 | 68,497 | 51,620 | 34,871 | 36,114 | 43,955 | 42,551 | 55,566 | 42,003 | 38,446 | |
42 |
22,390 | 23,525 | 22,968 | 9,917 | 9,819 | 7,668 | 10,131 | 10,025 | 9,920 | 9,817 | - | 6,086 | 6,391 | 13,995 | 15,971 | 9,630 | 9,208 | |
43 |
0 | 2 | 991 | 2 | - | - | - | - | 772 | - | - | - | - | - | - | - | - | |
430/8 |
0 | 2 | 991 | 2 | - | - | - | - | 772 | - | - | - | - | - | - | - | - | |
44 |
4,580 | 19,496 | 3,656 | 1,258 | 2,356 | 1,034 | - | 3,787 | 2,722 | 1,945 | 2,696 | 3,017 | 3,063 | 3,346 | 4,172 | 916 | 765 | |
440/4 |
4,580 | 19,496 | 3,656 | 1,258 | 2,356 | 1,034 | - | 3,787 | 2,722 | 1,945 | 2,696 | 3,017 | 3,063 | 3,346 | 4,172 | 916 | 765 | |
45 |
14,546 | 14,996 | 15,930 | 13,151 | 17,464 | 13,555 | 10,135 | 13,082 | 18,720 | 8,339 | 5,015 | 6,270 | 21,902 | 12,474 | 23,506 | 24,856 | 19,574 | |
450/3 |
3,494 | 4,409 | 5,450 | 3,751 | 8,574 | 5,426 | 2,500 | 10,063 | 15,371 | 5,602 | 1,831 | 3,096 | 19,370 | 12,474 | 20,862 | 22,212 | 19,574 | |
454/9 |
11,053 | 10,587 | 10,480 | 9,400 | 8,890 | 8,129 | 7,635 | 3,019 | 3,350 | 2,737 | 3,184 | 3,174 | 2,532 | - | 2,644 | 2,644 | - | |
47/48 |
85,877 | 148,215 | 148,607 | 110,309 | 33,581 | 8,569 | 14,079 | 166,387 | 36,362 | 31,520 | 27,160 | 20,741 | 12,599 | 12,737 | 11,917 | 6,601 | 8,898 | |
492/3 |
- | - | - | - | - | - | - | - | 1,936 | 1,760 | 3,508 | 3,636 | 2,596 | 1,688 | 556 | 2,615 | 657 | |
| Income statement | ||||||||||||||||||
76A |
- | 0 | 18,242 | 7,263 | 23,250 | - | - | - | - | - | - | - | - | - | - | - | - | |
9900 |
245,076 | 227,094 | 210,362 | 213,464 | 253,309 | 202,020 | 240,905 | 171,454 | 73,172 | 91,318 | 62,827 | 82,543 | 131,604 | 106,168 | 83,492 | 78,584 | 60,023 | |
62 |
73,766 | 70,537 | 68,517 | 63,047 | 60,331 | 58,582 | 59,941 | 29,315 | - | - | - | - | - | - | - | - | - | |
630 |
37,904 | 33,941 | 45,280 | 22,375 | 14,749 | 26,295 | 26,980 | 26,272 | 22,188 | 24,151 | 11,963 | 12,466 | 12,848 | 13,165 | 21,712 | 10,542 | 11,026 | |
640/8 |
329 | 245 | 110 | 656 | 83 | 144 | 106 | 316 | 294 | 3,610 | 1,300 | 1,426 | 1,265 | 1,173 | 4,498 | 901 | 2,493 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | - | 241 | - | - | - | - | |
9901 |
133,077 | 122,371 | 96,455 | 127,386 | 178,146 | 116,998 | 153,877 | 115,551 | 50,690 | 63,557 | 49,564 | 68,651 | 117,491 | 91,830 | 57,281 | 67,141 | 46,504 | |
75/76B |
5,105 | 23,098 | 5,254 | 2,460 | 926 | 818 | 3,253 | 2,552 | 3,086 | 1,431 | 1,740 | 1,490 | 1,228 | 1,554 | 692 | 204 | 81 | |
75 |
5,105 | 23,098 | 5,254 | 2,460 | 926 | 818 | 3,253 | 2,552 | 3,086 | 1,431 | 1,740 | 1,490 | 1,228 | 1,554 | 692 | 204 | 81 | |
65/66B |
4,970 | 5,304 | 4,657 | 842 | 550 | 240 | 389 | 448 | -1,462 | -2,639 | 11,896 | 1,516 | 1,678 | 2,314 | 1,744 | 1,509 | 515 | |
65 |
4,970 | 5,304 | 4,657 | 842 | 550 | 240 | 389 | 448 | 2,487 | -2,639 | 11,896 | 1,516 | 1,678 | 2,314 | 1,744 | 1,509 | 515 | |
66B |
- | - | - | - | - | - | - | - | -3,949 | - | - | - | - | - | - | - | - | |
9903 |
133,213 | 140,166 | 97,052 | 129,004 | 178,523 | 117,576 | 156,742 | 117,655 | 55,238 | 67,628 | 39,408 | 68,625 | 116,801 | 91,069 | 56,230 | 65,836 | 46,070 | |
67/77 |
39,805 | 40,468 | 32,337 | 37,379 | 52,856 | 37,933 | 52,539 | 48,228 | 24,804 | 28,694 | 15,563 | 19,952 | 36,719 | 28,331 | 19,471 | 21,093 | 13,108 | |
9904 |
93,407 | 99,698 | 64,714 | 91,625 | 125,666 | 79,643 | 104,202 | 69,427 | 30,434 | 38,934 | 23,845 | 48,673 | 80,083 | 62,739 | 36,759 | 44,742 | 32,961 | |
789 |
- | - | - | 0 | 15,500 | - | - | - | - | - | - | - | - | - | - | - | - | |
689 |
- | - | - | - | - | - | - | - | - | 15,500 | - | - | - | - | - | - | - | |
9905 |
93,407 | 99,698 | 64,714 | 91,625 | 141,166 | 79,643 | 104,202 | 69,427 | 30,434 | 23,434 | 23,845 | 48,673 | 80,083 | 62,739 | 36,759 | 44,742 | 32,961 | |
| Appropriation of the result | ||||||||||||||||||
9906 |
93,407 | 99,698 | 64,714 | 91,625 | 141,166 | 79,643 | 104,202 | 69,427 | 30,434 | 23,434 | 23,845 | 48,673 | 80,083 | 62,739 | 36,759 | 44,742 | 32,961 | |
791/2 |
79,643 | 104,202 | 144,340 | 99,000 | 22,000 | - | - | - | - | - | - | 168,000 | - | - | - | - | - | |
691/2 |
93,407 | 99,698 | 64,714 | 91,625 | 141,166 | 79,643 | 104,202 | 69,427 | 30,434 | 23,434 | 23,845 | 48,673 | 80,083 | 62,739 | 36,759 | 44,742 | 25,961 | |
6920 |
- | - | - | - | - | - | - | - | 1,522 | 1,172 | 1,200 | 2,450 | - | - | - | - | 1,860 | |
6921 |
93,407 | 99,698 | 64,714 | 91,625 | 141,166 | 79,643 | 104,202 | 69,427 | 28,912 | 22,262 | 22,645 | 46,223 | 80,083 | 62,739 | 36,759 | 44,742 | 24,101 | |
694/7 |
79,643 | 104,202 | 144,340 | 99,000 | 22,000 | - | - | - | - | - | - | 168,000 | - | - | - | - | 7,000 | |
694 |
79,643 | 104,202 | 144,340 | 99,000 | 22,000 | - | - | - | - | - | - | 168,000 | - | - | - | - | - | |
695 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 7,000 | |
| Social balance sheet | ||||||||||||||||||
9087 |
1 | 1 | 1 | 1 | 1 | 1 | 1 | 0.7 | - | - | - | - | - | - | - | - | - | |
Hours worked1013 |
1,839 | 1,846 | 1,846 | 1,801 | 1,854 | 1,862 | 1,839 | 1,117 | - | - | - | - | - | - | - | - | - | |
| Document | ||||||||||||||||||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 29-04-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 29-04-2026 | 2026-00093214 | |
| 30-09-2024 | micro format | 02-05-2025 | 2025-00085693 | |
| 30-09-2023 | micro format | 30-04-2024 | 2024-00078884 | |
| 30-09-2022 | micro format | 28-04-2023 | 2023-00070865 | |
| 30-09-2021 | micro format | 30-04-2022 | 2022-20015324 | |
| 30-09-2020 | micro format | 30-04-2021 | 2021-12000202 | |
| 30-09-2019 | micro format | 30-04-2020 | 2020-10400100 | |
| 30-09-2018 | micro format | 28-03-2019 | 2019-08100389 | |
| 30-09-2017 | micro format | 30-03-2018 | 2018-09200600 | |
| 30-09-2016 | abbreviated format | 31-03-2017 | 2017-08100556 | |
| 30-09-2015 | abbreviated format | 17-03-2016 | 2016-06500458 | |
| 30-09-2014 | abbreviated format | 20-03-2015 | 2015-06700021 | |
| 30-09-2013 | abbreviated format | 14-03-2014 | 2014-06500013 | |
| 30-09-2012 | abbreviated format | 21-03-2013 | 2013-06800547 | |
| 30-09-2011 | abbreviated format | 14-03-2012 | 2012-06100207 | |
| 30-09-2010 | abbreviated format | 18-03-2011 | 2011-06000209 | |
| 30-09-2009 | abbreviated format | 18-03-2010 | 2010-06900341 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 170,981 | 156,312 | 141,735 | 149,761 | 192,895 | 143,294 | 180,858 | 141,823 | 72,878 | 87,708 | 61,527 | 81,117 | 130,339 | 104,995 | 78,994 | 77,683 | 57,530 | ||
| 131,311 | 133,638 | 109,995 | 114,000 | 140,416 | 105,939 | 131,183 | 95,699 | 52,622 | 63,085 | 35,808 | 61,138 | 92,931 | 75,904 | 58,471 | 55,284 | 43,988 | ||
| 46,050 | 121,320 | 215,512 | 30,958 | 117,862 | 0 | 3,542 | 23,816 | 36,098 | 102,525 | 4,002 | 0 | -241 | 1,360 | 59,468 | 5,455 | 46,375 | ||
| -84,176 | 36,402 | -152,059 | -61,654 | 30,689 | 119,631 | 11,750 | 16,532 | -19,988 | -15,984 | -96,609 | 25,762 | 101,667 | 72,061 | -1,962 | 51,633 | - | ||
| 211,595 | 228,367 | 343,431 | 449,763 | 475,638 | 436,530 | 338,260 | 220,750 | 312,028 | 305,248 | 308,691 | 277,013 | 237,721 | 150,032 | 72,673 | 67,181 | 25,023 | ||
| 68.7% | 59.8% | 59.4% | 78.0% | 85.2% | 94.0% | 90.6% | 58.7% | 79.5% | 79.4% | 89.1% | 87.9% | 83.0% | 75.7% | 57.9% | 55.1% | 32.5% | ||
| 2.66 | 2.11 | 2.79 | 4.34 | 8.52 | 15.16 | 10.85 | 2.14 | 5.56 | 6.91 | 9.85 | 8.67 | 6.41 | 4.53 | 2.31 | 2.60 | 1.65 | ||
| 2.66 | 2.11 | 2.79 | 4.34 | 8.52 | 15.16 | 10.85 | 2.14 | 5.56 | 6.91 | 9.85 | 8.67 | 6.41 | 4.53 | 2.31 | 2.47 | 1.65 | ||
| 0.46 | 0.67 | 0.68 | 0.28 | 0.17 | 0.06 | 0.10 | 0.70 | 0.26 | 0.26 | 0.12 | 0.14 | 0.21 | 0.32 | 0.73 | 0.81 | 2.07 | ||
| 18.3% | 20.1% | 12.9% | 15.8% | 21.4% | 16.5% | 25.8% | 23.2% | 8.0% | 11.1% | 7.6% | 16.9% | 31.2% | 35.6% | 32.3% | 58.2% | 102.5% | ||
| 12.6% | 12.0% | 7.7% | 12.3% | 18.2% | 15.5% | 23.4% | 13.6% | 6.3% | 8.8% | 6.8% | 14.8% | 25.9% | 26.9% | 18.7% | 32.1% | 33.4% | ||
| 34.40 | 29.47 | 30.44 | over 100 | over 100 | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 | 1 | 1 |
| full-time | 1 | 1 | 1 | 1 | 1 |
| part-time | 0 | 0 | 0 | 0 | 0 |
| in full-time equivalents | 1 | 1 | 1 | 1 | 1 |
| 1 | 1 | 1 | 1 | 1 | |
| On a permanent contract | 1 | 1 | 1 | 1 | 1 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
on own assets and for others| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €65,000 | €65,000 | €65,000 | - | - |
| €6,500 | €6,500 | €6,500 | - | - | |
| Carrying value of the mortgaged assets | €228,655 | €215,641 | €167,178 | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €46,050 | €121,320 | €215,327 | €30,958 | €117,862 |
| Financial fixed assets | - | - | €185 | - | - |
| €37,904 | €33,941 | €45,280 | €22,375 | €14,749 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on M3PLUS
The operating result for 2025 is 9% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total falls from 40.2% to 31.3%. Equity is higher and debt is lower.