M42
ActiveSummary
M42 has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €79k and a net result of €30k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 46% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability95▼-5
Solvency80▼-20
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 1.53 against 4.47 in 2024; short-term debt: 26.5% and cash: 8.4% of total assets), and 44.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
55.3%
Return on assets
21.1%
Age of the figures
15 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €79k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 22-01-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
11 d early
2023
1 d early
2022
1 d early
2021
48 d early
2020
44 d early
2019
9 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€79k▲ 62.0%
2024 · €49k
2019: €96khighest in 7 years
2020: €80k▼ -16.8% vs 2019
2021: €25k▼ -69.0% vs 2020
2022: €5k▼ -78.1% vs 2021lowest in 7 years
2023: €20k▲ +260% vs 2022
2024: €49k▲ +149% vs 2023
2025: €79k▲ +62.0% vs 2024
2019 → 2025
Total assets
€143k▲ 134%
2024 · €61k
2019: €221khighest in 7 years
2020: €126k▼ -43.2% vs 2019
2021: €57k▼ -54.4% vs 2020
2022: €34k▼ -39.9% vs 2021
2023: €34k▼ -2.0% vs 2022lowest in 7 years
2024: €61k▲ +81.7% vs 2023
2025: €143k▲ +134% vs 2024
2019 → 2025
Net result
€30k▲ 3.4%
2024 · €29k
2019: €22k
2020: €-16k▼ -175% vs 2019
2021: €-55k▼ -242% vs 2020lowest in 7 years
2022: €-19k▲ +65.0% vs 2021
2023: €14k▲ +173% vs 2022
2024: €29k▲ +107% vs 2023
2025: €30k▲ +3.4% vs 2024highest in 7 years
2019 → 2025
Working capital
€20k▼ 53.1%
2024 · €43k
2019: €78khighest in 7 years
2020: €68k▼ -13.2% vs 2019
2021: €12k▼ -82.6% vs 2020
2022: €-6k▼ -154% vs 2021lowest in 7 years
2023: €13k▲ +300% vs 2022
2024: €43k▲ +235% vs 2023
2025: €20k▼ -53.1% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€25k-€5k▼ 78.1%€20k▲ 260%€49k▲ 149%€79k▲ 62.0%
2021: €25k
2022: €5k▼ -78.1% vs 2021lowest in 5 years
2023: €20k▲ +260% vs 2022
2024: €49k▲ +149% vs 2023
2025: €79k▲ +62.0% vs 2024highest in 5 years
Operating result€-55k-€-19k▲ 65.6%€15k€30k▲ 107%€34k▲ 14.2%
2021: €-55klowest in 5 years
2022: €-19k▲ +65.6% vs 2021
2023: €15k▲ +177% vs 2022
2024: €30k▲ +107% vs 2023
2025: €34k▲ +14.2% vs 2024highest in 5 years
Net result€-55k-€-19k▲ 65.0%€14k€29k▲ 107%€30k▲ 3.4%
2021: €-55klowest in 5 years
2022: €-19k▲ +65.0% vs 2021
2023: €14k▲ +173% vs 2022
2024: €29k▲ +107% vs 2023
2025: €30k▲ +3.4% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 14% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €143k
Fixed assets
€85k ▲ 1,376%
Current assets
€58k ▲ 4.8%
Equity and liabilities €143k
Equity
€79k ▲ 62.0%
Debt
€64k ▲ 416%
Debt's share of the balance-sheet total rises from 20.3% to 44.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€41k▲
2024 · €33k
Cash flow
€37k▲
2024 · €32k
Current ratio
1.53▼
2024 · 4.47
Debt to equity
0.81▲
2024 · 0.25
ROE
38.3%▼
2024 · 59.9%
ROA
21.1%▼
2024 · 47.8%
Interest coverage
63.72▼
2024 · 322.88
Debt ≤ 1 year
€38k▲
2024 · €12k
Debt > 1 year
€26k
Income taxes
€4k▲
2024 · €798
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 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€61k€143k▲
Fixed assets21/28€6k€85k▲
Tangible fixed assets22/27€6k€85k▲
Plant, machinery and equipment23€6k€3k▼
Furniture and vehicles24-€82k
Current assets29/58€56k€58k▲
Amounts receivable within one year40/41€45k€46k▲
Trade receivables40€45k€46k▲
Cash at bank and in hand54/58€11k€12k▲
Equity and liabilities
Total equity and liabilities10/49€61k€143k▲
Equity10/15€49k€79k▲
Contributions10/11€20k€20k=
Reserves13€29k€59k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€27k€57k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€12k€64k▲
Amounts payable after more than one year17-€26k
Financial debts170/4-€26k
Amounts payable within one year42/48€12k€38k▲
Current portion of amounts payable after more than one year42-€6k
Trade debts44€816€597▼
Suppliers440/4€816€597▼
Taxes, remuneration and social security45€6k€10k▲
Taxes450/3€5k€8k▲
Remuneration and social security454/9€2k€2k=
Other amounts payable47/48€5k€21k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€6k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€34k€42k▲
Operating profit (loss)9901€30k€34k▲
Financial income75/76B€1€2▲
Recurring financial income75€1€2▲
Financial charges65/66B€102€641▲
Recurring financial charges65€102€641▲
Profit (loss) for the period before taxes9903€30k€34k▲
Income taxes67/77€798€4k▲
Profit (loss) for the period9904€29k€30k▲
Profit (loss) for the period to be appropriated9905€29k€30k▲
Appropriation of the result
Profit (loss) to be appropriated9906€5k€30k▲
Profit (loss) brought forward from the previous period14P€-24k€0▲
Transfer to equity691/2€5k€30k▲
To other reserves6921€5k€30k▲
The notes to these accounts (10 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €12k | €13k | €3k | €6k | ▲ 144% |
| Other operating charges640/8 | - | €3k | €2k | €2k | €2k | ▲ 1.7% |
| Gross operating margin9900 | €-39k | €-4k | €29k | €34k | €42k | ▲ 23.6% |
| Operating profit (loss)9901 | €-55k | €-19k | €15k | €30k | €34k | ▲ 14.2% |
| Financial income75/76B | - | €0 | €0 | €1 | €2 | ▲ 130% |
| Recurring financial income75 | €25 | €0 | €0 | €1 | €2 | ▲ 130% |
| Financial charges65/66B | - | €252 | €146 | €102 | €641 | ▲ 531% |
| Recurring financial charges65 | €373 | €252 | €146 | €102 | €641 | ▲ 531% |
| Profit (loss) for the period before taxes9903 | €-55k | €-19k | €14k | €30k | €34k | ▲ 12.5% |
| Income taxes67/77 | €291 | €282 | €278 | €798 | €4k | ▲ 346% |
| Profit (loss) for the period9904 | €-55k | €-19k | €14k | €29k | €30k | ▲ 3.4% |
| Profit (loss) for the period to be appropriated9905 | €-55k | €-19k | €14k | €29k | €30k | ▲ 3.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €57k | €34k | €34k | €61k | €143k | ▲ 134% |
| Fixed assets21/28 | €24k | €12k | €7k | €6k | €85k | ▲ 1,376% |
| Tangible fixed assets22/27 | €24k | €12k | €7k | €6k | €85k | ▲ 1,376% |
| Plant, machinery and equipment23 | - | - | €7k | €6k | €3k | ▼ 53.3% |
| Furniture and vehicles24 | - | €12k | €0 | - | €82k | - |
| Current assets29/58 | €33k | €23k | €27k | €56k | €58k | ▲ 4.8% |
| Amounts receivable within one year40/41 | €25k | €11k | €14k | €45k | €46k | ▲ 2.5% |
| Trade receivables40 | - | €11k | €14k | €45k | €46k | ▲ 2.5% |
| Other amounts receivable41 | - | €0 | - | - | - | - |
| Cash at bank and in hand54/58 | €8k | €12k | €13k | €11k | €12k | ▲ 14.2% |
| Deferred charges and accrued income490/1 | - | €0 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €57k | €34k | €34k | €61k | €143k | ▲ 134% |
| Equity10/15 | €25k | €5k | €20k | €49k | €79k | ▲ 62.0% |
| Contributions10/11 | - | €20k | €20k | €20k | €20k | = |
| Reserves13 | €24k | €24k | €24k | €29k | €59k | ▲ 105% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €22k | €22k | €27k | €57k | ▲ 113% |
| Profit (loss) carried forward14 | €-19k | €-38k | €-24k | €0 | - | - |
| Amounts payable17/49 | €32k | €29k | €14k | €12k | €64k | ▲ 416% |
| Amounts payable after more than one year17 | €11k | €0 | - | - | €26k | - |
| Financial debts170/4 | - | €0 | - | - | €26k | - |
| Amounts payable within one year42/48 | €22k | €29k | €14k | €12k | €38k | ▲ 206% |
| Current portion of amounts payable after more than one year42 | - | €11k | €0 | - | €6k | - |
| Trade debts44 | €695 | €609 | €728 | €816 | €597 | ▼ 26.9% |
| Suppliers440/4 | - | €609 | €728 | €816 | €597 | ▼ 26.9% |
| Taxes, remuneration and social security45 | - | €6k | €9k | €6k | €10k | ▲ 49.2% |
| Taxes450/3 | - | €951 | €4k | €5k | €8k | ▲ 65.5% |
| Remuneration and social security454/9 | - | €5k | €5k | €2k | €2k | = |
| Other amounts payable47/48 | - | €12k | €4k | €5k | €21k | ▲ 312% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-55k | €-19k | €14k | €29k | €30k | ▲ 3.4% |
| + Depreciation and write-downs630 | €14k | €12k | €13k | €3k | €6k | ▲ 144% |
| Operating cash flow (approximation) | €-42k | €-8k | €27k | €32k | €37k | ▲ 15.0% |
| Investment in fixed assets (approximation) | - | €0 | €-8k | €-2k | €-86k | ▼ 5,084% |
| Change in cash | - | €4k | €2k | €-3k | €1k | ▲ 152% |
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
22-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Highest result since 2019net €30k ▲3.4%
Operating result €34k, net result €30k, both a record.
20-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Liquidity doublescurrent ratio 4.47
Current ratio from 1.91 to 4.47; short-term debt falls from €14k to €12k.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Back to profitnet €14k
Net result €14k after 3 loss-making years.
30-06
Financial
Liquidity doublescurrent ratio 1.91
Current ratio from 0.78 to 1.91; short-term debt falls from €29k to €14k.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
14-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Weakest financial yearnet €-55k
Net result drops to €-55k, the lowest in the series; recovery starts the following year.
2020
18-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Liquidity doublescurrent ratio 4.37
Current ratio from 1.92 to 4.37; short-term debt falls from €85k to €20k.
Show earlier events
22-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
19-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
14-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
21-12
NBB filing
Annual accounts filed
fiscal year 2016 · full 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, Charleroi · 1 establishment unit since 2015
Ground area
1,112 m²
Building footprint
107 m²
Volume, LiDAR
1,137 m³
Parcel 52393B0327/00M002, Wallonia · tallest building 12.7 m, ±4 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
M42
since 20152.242.266.945
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52393B0327/00M002 | Wallonia | 1,112 m² | 1 · 107 m² | 12.7 m · 4 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 3,211 companies in sector 62900 we hold annual accounts for 1,742. 1,400 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 (pre-2019)
Founded21-05-2015
Fiscal year end30-06
Activities, NACEBEL 2025
62900Other information technology and computer services
47400Retail sale of information and communication equipment
62100Computer programming
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
74301Translation services
Scores and ratios are computed by Checked and are not a credit decision.