M51 Europe
M51 Europe is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2023 annual accounts show equity of €39.42M and a net result of €-59.62M. Its solvency ranks better than 95% of 561 sector peers (fiscal year 2023). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €39.42M |
| Net result | €-59.62M |
| Better than sector | 95% |
| Active | 4 yrs |
This figure rests on 3 of 5 axes. Too few to say where this company is strong or weak.
Computed on 3 of 5 axes. Not measured: health, growth. An unmeasured axis is not a zero: no data was read for it.
This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 99.2% | 43.7% | |
| Net result | €-59.62M | €36k | |
| Equity | €39.42M | €1.23M | |
| Total assets | €39.75M | €5.11M |
| Fiscal year | 2023 |
|---|---|
| Deposit | volledig |
| Revenue | n/a |
| EBITDA | n/a |
| Net profit | €-59.62M |
| Cash flow | n/a |
| Staff costs | - |
| Income taxes | €28k |
| Dividends | - |
| Total assets | €39.75M |
| Equity | €39.42M |
| Debt | €335k |
| of which ≤ 1y | €158k |
| of which > 1y | - |
| Working capital | n/a |
| Employees (FTE) | - |
| 2023 | |
|---|---|
| Current ratio | n/a |
| Quick ratio | n/a |
| Working capital ratio | n/a |
| Solvency | 99.2% |
| Debt / equity | n/a |
| Long-term debt ratio | n/a |
| Interest coverage | n/a |
| Gross margin | n/a |
| Net margin | n/a |
| ROA | -150.0% |
| ROE | -151.3% |
| EBITDA margin | n/a |
| Days sales outstanding | n/a |
| Days payable outstanding | n/a |
| Inventory turnover | n/a |
| Days inventory (DSI) | n/a |
Full annual accounts (21 line items)
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €39.75M |
| Fixed assets | 21/28 | €28.27M |
| Financial fixed assets | 28 | €28.27M |
| Current assets | 29/58 | €11.48M |
| Stocks & contracts in progress | 3 | €0 |
| Amounts receivable within one year | 40/41 | €6.02M |
| Cash & bank | 54/58 | €5.46M |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €39.75M |
| Equity | 10/15 | €39.42M |
| Contributions / capital | 10/11 | €99.04M |
| Accumulated profits (losses) | 14 | €-59.62M |
| Amounts payable | 17/49 | €335k |
| Amounts payable within one year | 42/48 | €158k |
| Trade debts payable within one year | 44 | €130k |
| Income statement | ||
| Operating result | 9901 | €105k |
| Financial income | 75 | €0 |
| Financial charges | 65 | €858 |
| Result before taxes | 9903 | €-59.60M |
| Income taxes | 67/77 | €28k |
| Net result for the period | 9904 | €-59.62M |
| Result to be appropriated | 9905 | €-59.62M |
-
Carleton Krupp III (Tres) ThompsonDirectorState Gazette act 23046283 (04-04-2023)Current23-03-2023 → present
| NACE primary | Activiteiten van holdings(64210) |
| Legal form | Private limited company(610) |
| Incorporation | 25-07-2022 |
| Status | Active |
| Postal code | 1000 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71322A0540/00E002 | Flanders | 1,801 m² | 1 · 1,499 m² | 21.4 m · 5 fl. |
| 21803C0023/00B000 | Brussels | 851 m² | 1 · 717 m² | 28.2 m · 8 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
07-07-2025 1 director appointed, 1 resigning
- Groupe Audit Belgium, Commissaris
- PwC Bedrijfsrevisoren, Commissaris
Technical details
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"effective_date": "2024-12-31",
"evidence_quote": "De enige aandeelhouder zet uiteen dat er geen onderling akkoord gevonden werd over de vergoeding van de commissaris, te weten de besloten vennootschap \u0022PwC Bedrijfsrevisoren\u0022... en besluit als gevolg hiervan het mandaat te be\u00EBindigen met ingang vanaf het boekjaar eindigend per 31/12/2024.",
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"evidence_quote": "De enige aandeelhouder besluit aldus de besloten vennootschap \u0022Groupe Audit Belgium\u0022... te benoemen tot commissaris van de Vennootschap voor een periode van drie boekjaren, ingaand voor het boekjaar afgesloten op 31/12/2024 en eindigend onmiddellijk na de jaarvergadering die over de jaarrekening van",
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"co_filed_documents": [],
"corrected_publication_numac": null
}02-02-2024 Registered office moved within Hasselt
- Kempische Steenweg 303 bus 105, 3500 Hasselt → Kempische Steenweg 305 bus 200
Technical details
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"pub_date": "2024-02-02",
"filing_date": "2024-01-24",
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"org_name": "BDO Cynex Tax \u0026 Accounting BV",
"person_name": null,
"org_rep_person_name": "Kirsten Raemaekers",
"person_role_at_subject": null
},
"co_filed_documents": [
"Bijlagen bij het Belgisch Staatsblad"
]
}04-04-2023 5 directors appointed
- Carleton Krupp III (Tres) Thompson, Bestuurder
- Margaux Beyer, Dagelijks bestuur
- Riet Devriendt, Dagelijks bestuur
- Marcos Lamin-Busschots, Dagelijks bestuur
- Smitha Van den Acker, Dagelijks bestuur
Technical details
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"name_full": "M51 EUROPE",
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}13-09-2022 Registered office moved to Hasselt
- Kempische Steenweg 303, bus 105, 3500 Hasselt
Technical details
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"effective_date": "2022-08-31",
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"Uittreksel uit de schriftelijke besluiten van de enige bestuurder van 30 augustus 2022"
]
}| Legal nameNL | M51 Europe |