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MDR102

Active Private limited company (pre-2019)founded 2008active for 17 yearsRue Heid de Maël 50, 4130 EsneuxKBO/BCE: BE 0808.535.877

Overview

Lifetime

15 annual accounts with figures on one time axis
peak €58,415 (2015)
€17,324▼ 18.5%
lowest -€8,986 (2022)
€6,734▲ 34.5%
peak €97,017 (2025)
€97,017▲ 7.5%
€54,398▼ 18.5%
Board1 name since 2020
- 
Documentsfilings and deeds
20-03-202648 days late
2025micro format
Gross margin from €21,244 to €17,324Result from €5,005 to €6,734Debts from €66,727 to €54,398Cash from €1,975 to €858

Key points

from the 2025 annual accounts

Equity

€97,017 ▲ 7.5%

MDR102 has made a profit without a break since 2023.

Turnover

≈ €81,000 estimated

The micro format states no turnover.

Filings

15 annual accounts since 2010
deadline2010201520202025

Eight of the last ten came late. The 2017 accounts came latest: 238 days after the end of the period.

Checked score

82
Excellent
Financially stronger than 46% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 1.2% 01-2025: 1.3%▲ +0.1 percentage points vs 12-2024 02-2025: 1.7%▲ +0.4 percentage points vs 01-2025 03-2025: 1.8%▲ +0.1 percentage points vs 02-2025highest value 04-2025: 0.4%▼ -1.4 percentage points vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.4%● unchanged vs 06-2025 08-2025: 0.4%● unchanged vs 07-2025 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025lowest value 01-2026: 0.5%▲ +0.1 percentage points vs 12-2025 02-2026: 0.6%▲ +0.1 percentage points vs 01-2026 03-2026: 0.7%▲ +0.1 percentage points vs 02-2026 04-2026: 0.5%▼ -0.2 percentage points vs 03-2026 05-2026: 0.5%● unchanged vs 04-2026 06-2026: 0.5%● unchanged vs 05-2026 07-2026: 0.5%● unchanged vs 06-2026 08-2026: 0.5%● unchanged vs 07-2026 09-2026: 0.5%● unchanged vs 08-2026 10-2026: 0.5%● unchanged vs 09-2026 11-2026: 0.5%● unchanged vs 10-2026

Financial strength
Strong

89+6equity 64.1% of total assets
50=short-term debt 11.6% · cash 0.6%
74+3return on assets 4.4%

Score breakdown

raises risk
Last filed accounts filed 49 days late; 2 of the last 3 accounts late
Liquidity: current ratio 2.14, cash €858, halved
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Founded in 2008
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 59% of them on solvency, 30% on liquidity, 39% on profitability and 54% on growth.

The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 30-06-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 10,904 companies had the same profile as MDR102 has now. Each dot stands for 28 companies, two years later.

95.2%
were still trading
4.0%
stopped another way
0.7%
went bankrupt
  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet

That fits the bankruptcy probability of MDR102 itself: 0.5% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 10,904 companies, not a prediction for MDR102. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €7,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 2.14 (2.0 in 2024), above the usual 1.5. Short-term debt is 11.6% and cash 0.6% of total assets. 35.9% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
raises risk · Last filed accounts filed 49 days late; 2 of the last 3 accounts late
NBB · filings
raises risk · Liquidity: current ratio 2.14, cash €858, halved
NBB · annual accounts
lowers risk · Sector: Activities of head offices; management consultancy activities (NACE 70)
KBO
lowers risk · Founded in 2008
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · 2025 accounts filed 48 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 20-03-2026, 48 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
48 days late
2024
26 days late
2023
114 days late
2022
177 days late
2020
110 days late
2019
3 days early
2018
109 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 83 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 21 May (4 of the last 5 accounts filed within 67 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end09-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

last known board
SD
Simon Daniel
Manager, last mentioned in 2020
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0808535877
Registered office moved from Esneux to Tilff New registered office: rue Heid de Maël n° 50 à 4130 Tilff · Previous registered office: rue Heid de Mael n° 58 à 4130 Esneux · General meeting of 31-10-2019 · Gazette deed
Incorporation published on 30-12-2008 · Gazette deed
First establishment Rue Heid de Maël 58, Esneux
All 23 events

Comparable companies

same main activity, similar in size and age
Company
MDR102 Esneux €151,415 €17,324 64.1% -
3 L Consulting Liège €145,418 €17,076 95.4% -
MAGESCO Verviers €175,011 €17,222 53.0% -
PMI PROJECT MANAGEMENT INTERNATIONAL Eupen €139,403 €15,106 40.5% -
SLING Leuven €149,373 €16,876 69.7% -
PACARTHO Wervik €151,315 €16,669 -4.6% -
DART Ath €163,316 €17,972 -20.7% -

These companies have the same main activity as MDR102: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €139,000 and €175,000, founded between 2006 and 2010.

Official details

Source: KBO
Status
Active since 18-12-2008Normal situation
Activity
Business and other management consultancyNACE 70200and 2 others
Establishment unit
2.177.603.1814130 Esneux, since 12-12-2008
Financial year end
30 June
Peppol
Reachable since 31-12-2025
Company details

Annual accounts to 30-06-2025

€17,324▼ 18.5%
€6,734▲ 34.5%
€97,017▲ 7.5%
€151,415▼ 3.6%
Filing
Filed on 20-03-2026
Financials

Insights on MDR102

MDR102 files the micro format. That format states no turnover. The gross margin fell from €20,622 in 2010 to €17,324 in 2025.

The balance sheet grew most from 2013 to 2015 through fixed assets.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 20-03-2026, 48 days late
€17,324
▼ 18.5%
€11,838
▼ 7.0%
€16,503
▼ 5.1%
€11,399
▲ 17.9%
64.1%
▲ 6.6 percentage points
2.14
▲ 0.14

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €81,000. Estimated: probably between €39,000 and €160,000.

Money flows

no detail for 2025

Balance sheet

balance sheet total €151,415 on 30-06-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

64.1%

Higher than 59% of 39,360 companies in 2025.

2.14

Higher than 51% of 38,044 companies in 2025.

4.4%

Higher than 30% of 38,516 companies in 2025.

MDR102 Middle half of the sector 80% of the sector Micro accounts in head offices and management consultancy (NACE 70)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220202019201820172016201520142013201220112010
Balance sheet: assets
20/58 151,415157,008159,234162,742198,334208,097217,963234,362215,858212,994196,07557,34550,61766,80449,228
21/28 113,824118,488123,282128,144138,356143,655148,825152,722157,782159,549172,1273,1259,88816,02624,039
22/27 108,824113,488118,153123,015133,227138,526143,825147,722152,782159,549172,1273,1259,88816,02624,039
22 108,824113,488118,153123,015132,840137,751142,663147,722152,782155,471170,252----
24 ----3877751,162--4,0781,8753,1259,88816,02624,039
28 5,0005,0005,1295,1295,1295,1295,0005,0005,000------
29/58 37,59138,52035,95234,59859,97864,44269,13881,64058,07653,44523,94854,22040,72950,77825,189
3 26,83826,83826,83826,83831,29830,34830,34826,99326,993------
30/36 26,83826,83826,83826,83831,29830,34830,34826,99326,993------
40/41 9,8959,7079,1147,76023,37032,38636,65754,30130,74427,7498,82915,06038,56043,33822,520
40 7,5005,6204,96742113,79524,03028,30145,94519,09619,6933,70915,06038,45243,33820,841
41 2,3954,0874,1477,3399,5758,3568,3568,35611,6488,0565,120-108-1,679
54/58 8581,975--5,3101,7082,127--25,02115,11938,6222,1606,1891,079
490/1 ------6346339675-53891,2511,590
Balance sheet: equity and liabilities
10/49 151,415157,008159,234162,742198,334208,097217,963234,362215,858212,994196,07557,34550,61766,80449,228
10/15 97,01790,28185,27679,87689,32778,90172,00764,93740,56634,33312,80710,1029,47115,5659,605
10/11 6,5006,5006,5006,5006,5006,5006,5006,5006,5006,5006,5006,5006,5006,5006,500
10 --6,500------------
100 --18,600-18,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
101 --12,100-12,10012,10012,10012,10012,10012,10012,10012,10012,10012,10012,100
13 25,00025,00025,00025,00026,86026,8601,8601,8601,8601,8601,8601,8601,8601,8601,860
130/1 ----1,860----------
130 ----1,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,860
133 25,00025,00025,00025,00025,00025,000---------
14 65,51758,78153,77648,37655,96745,54163,64756,57732,20625,9734,4471,7421,1117,2051,245
17/49 54,39866,72773,95882,866109,007129,196145,956169,425175,292178,661183,26847,24341,14651,23939,623
17 33,98945,78757,10067,94988,32897,895107,070115,867124,303132,392140,150----
170/4 33,98945,78757,10067,94988,32897,895107,070115,867124,303132,392140,150----
42/48 17,59219,30614,70913,70519,77930,60137,72051,56049,44344,80339,45645,24338,62150,83939,223
42 11,79811,31310,84910,4039,5679,1758,7978,4368,0907,7577,439----
43 --591,922---3,8212,139------
430/8 --591,922---3,8212,139------
44 6914318921,0503,4029562,1995355,94848927,54329,96024,88127,71926,679
440/4 6914318921,0503,4029562,1995355,94848927,54326,14324,27327,71926,679
441 -----------3,817608--
45 2,7477,1382,909-4,54019,06325,62416,57817,84817,0522,54110,30110,56815,6517,242
450/3 2,7477,1382,909-4,54019,06325,62416,57817,84817,0522,54110,30110,56815,6517,242
47/48 2,356424-3302,2701,4071,10022,19015,41819,5051,9334,9823,1727,4695,302
492/3 2,8171,6342,1491,2129007001,1661,9981,5461,4663,6622,0002,525400400
Income statement
70 --------22,46066,43535,924----
9900 17,32421,24415,2406,39525,31631,46124,13753,77218,28358,41530,65015,3943,10214,35420,622
60/61 --------12,5688,0205,274----
630 4,6654,6654,8624,9125,2995,2995,4475,060-17,18219,6029,2638,6388,0138,013
631/4 ---4,460-----------
640/8 8213,8491,1082,9953,2892,1621,2532,3674,2421,6182,7612,727234-667
66A --------------1,694
9901 11,83812,7309,270-5,97216,72824,00017,43746,34514,04139,6158,2873,404-5,7706,34111,942
75/76B 601381383661,035--122018-211138
75 601381383661,035--122018-211138
65/66B 2,4832,9983,7113,6522,44410,6295,8915,3956,4506,6695,51929234325770
65 2,4832,9983,7113,6522,44410,6295,8915,3956,4506,6695,51929234325770
9903 9,4159,8705,697-9,25815,31913,37111,54640,9517,59332,9662,7863,112-6,0926,08510,316
67/77 2,6814,865297-2724,8936,4774,47616,5801,36011,440812,48121257,211
9904 6,7345,0055,400-8,98610,4266,8947,07024,3716,23321,5262,705631-6,0945,9603,105
9905 6,7345,0055,400-8,98610,4266,8947,07024,3716,23321,5262,705631-6,0945,9603,105
Appropriation of the result
9906 65,51758,78153,77646,51655,96770,54163,64756,57732,20625,9734,4471,7421,1117,2053,105
14P 58,78353,77648,37655,502-----------
791/2 ---1,860-----------
691/2 -----25,000--------1,860
6920 --------------1,860
6921 -----25,000---------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

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 20-03-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 48 days after the deadline. Filed on 20 March 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00058083.

Financial year Type Filed Reference Document
30-06-2025 micro format 20-03-2026 2026-00058083 PDF
30-06-2024 micro format 26-02-2025 2025-00043601 PDF
30-06-2023 micro format 24-05-2024 2024-00101761 PDF
30-06-2022 micro format 27-07-2023 2023-00276264 PDF
30-06-2020 micro format 21-05-2021 2021-15500445 PDF
30-06-2019 micro format 28-01-2020 2020-03200261 PDF
30-06-2018 micro format 20-05-2019 2019-13700479 PDF
30-06-2017 micro format 26-09-2018 2018-66400335 PDF
30-06-2016 full format 11-01-2017 2017-01200214 PDF
30-06-2015 full format 06-07-2016 2016-29900056 PDF
30-06-2014 full format 28-12-2015 2015-71000168 PDF
30-06-2013 full format 06-10-2014 2014-64200158 PDF
30-06-2012 full format 18-02-2013 2013-04400101 PDF
30-06-2011 full format 15-02-2013 2013-04400048 PDF
30-06-2010 full format 11-08-2011 2011-40200590 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220202019201820172016201520142013201220112010
16,50317,39514,132-1,06022,02729,29922,88451,405-56,79727,88912,6672,86814,35419,955
11,3999,67010,262-4,07415,72512,19312,51729,431-38,70822,3079,8942,54413,97311,118
1-1290-01291,55007,4704,604188,6042,5002,500032,052
-1,117---3,602-419---9,902-23,50336,462-4,0295,110-
19,99919,21421,24320,89340,19933,84131,41830,0808,6338,642-15,5088,9772,108-61-14,034
--------62.5%59.6%23.1%----
64.1%57.5%53.6%49.1%45.0%37.9%33.0%27.7%18.8%16.1%6.5%17.6%18.7%23.3%19.5%
2.142.002.442.523.032.111.831.581.171.190.611.201.051.000.64
0.610.610.620.571.451.111.031.060.631.190.611.201.051.000.64
0.560.740.871.041.221.642.032.614.325.2014.314.684.343.294.13
6.9%5.5%6.3%-11.2%11.7%8.7%9.8%37.5%15.4%62.7%21.1%6.2%-64.3%38.3%32.3%
4.4%3.2%3.4%-5.5%5.3%3.3%3.2%10.4%2.9%10.1%1.4%1.1%-12.0%8.9%6.3%
6.655.803.81-0.29-----------
--------310 days108 days38 days----
--------173 days22 days1906 days----

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.

Securities and guarantees

on own assets and for others
Item30-06-202530-06-202430-06-202330-06-2022
Mortgages, amount registered€27,500€27,500€27,500€27,500
€137,500€137,500€137,500€137,500
Carrying value of the mortgaged assets€108,824€113,489€118,153€123,015

Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Insights on MDR102

The operating result for 2025 is 7% lower than in 2024.

Debt's share of the balance-sheet total falls from 42.5% to 35.9%. Equity is higher and debt is lower.

Board & ownership

Mandates through the years

1 name
Simon Daniel
Director and manager
Earliermandate already running before its first mentionend not dated
Mandates as a list
  • Simon Daniel
    • Director and manager, from before 19-03-2020, last mentioned in 2020

See the board, name and registered office on a given date →

Control

Capital

Contribution
€6,500
Source
2025 annual accounts

Office holders in the KBO →

Timeline

Timeline

23 events since 2008

Deadline for the 2026 accounts: 31-01-2027

2026
Annual accounts 2025 filed PDFmicro format · 48 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0808535877
Annual accounts 2024 filed PDFmicro format · 26 days late
2024
Annual accounts 2023 filed PDFmicro format · 114 days late
2023
Annual accounts 2022 filed PDFmicro format · 177 days late
Back to profit net €5,400 The net result is €5,400, after one loss-making year.
2022
Weakest financial year net -€8,986 The net result drops to -€8,986, the lowest from 2010 to 2025. It recovers the following year.
2021
Annual accounts 2020 filed PDFmicro format · 110 days late
2020
Registered office moved from Esneux to TilffNew registered office: rue Heid de Maël n° 50 à 4130 Tilff · Previous registered office: rue Heid de Mael n° 58 à 4130 Esneux · General meeting of 31-10-20192 points ▸
  • General meeting, 31-10-2019
  • Registered-office move, rue Heid de Maël n° 50 à 4130 Tilff

Open the deed in the Belgian Official Gazette

Annual accounts 2019 filed PDFmicro format · 3 days before the deadline
2019
Annual accounts 2018 filed PDFmicro format · 109 days late
2018
Annual accounts 2017 filed PDFmicro format · 238 days late
2017
Highest result from 2010 to 2025 net €24,371 ▲291% The operating result of €46,345 and the net result of €24,371 are both a record.
Annual accounts 2016 filed PDFfull format · 20 days before the deadline
2016
Annual accounts 2015 filed PDFfull format · 157 days late
2015
Annual accounts 2014 filed PDFfull format · 331 days late
2014
Annual accounts 2013 filed PDFfull format · 248 days late
2013
Back to profit net €631 The net result is €631, after one loss-making year.
Annual accounts 2012 filed PDFfull format · 18 days late
Annual accounts 2011 filed PDFfull format · 381 days late
2011
Annual accounts 2010 filed PDFfull format · 192 days late
2008
Incorporation PDFpublished on 30-12-2008
First establishment Rue Heid de Maël 58, Esneux

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

MDR102 was incorporated on 18 December 2008.1 The registered office was moved to Tilff in 2020.2 Total assets fell from €208,097 in 2019 to €151,415 in 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 19-03-2020
  3. 3National Bank, annual accounts 2019 and 2025

Company details

Identity

Enterprise number
0808.535.877
VAT number
BE 0808.535.877
Peppol ID
0208:0808535877
Legal form
Private limited company (pre-2019)
Status
Active, normal situation
Founded
18-12-2008
Financial year
ends on 30 June
Peppol
Reachable since 31-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
MDR102 in French
Entity type
Legal entity

Activities

NACEBEL 2025
Codes under NACEBEL 2008
70220 Business consulting main activity
68321 Real estate activities
68322 Real estate activities
71121 Engineering activities

Registered office and establishments

1 establishment
Establishment Since Unit number
Rue Heid de Maël 50 registered office 4130 Esneux
Rue Heid de Maël 58 4130 Esneux 12-12-2008 2.177.603.181
1 former office
  • rue Heid de Mael n° 58, 4130 Esneux until 31-10-2019 · deed of 19-03-2020

Buildings and parcels at the addresses

Ground area
1,224 m²
Buildings
192 m²
Volume, LiDAR
1,017 m³
Tallest building
6.9 m
Buildings to scale, each on its own parcel
107 m², 6.9 m 86 m², 6.7 m 107 m², 6.9 m 86 m², 6.7 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
62101A0463/00P0021,083 m² 1 · 107 m² 6.9 m · 2
62101A0044/00L000141 m² 1 · 86 m² 6.7 m · 2