THE M-GROUP
ActiveThe computed 12-month bankruptcy probability of THE M-GROUP is 2.7% (moderate). The 2024 annual accounts show equity of €76k and a net result of €8k. Equity is growing by ~27.3% per year across the filed fiscal years. Its solvency ranks better than 41% of 15868 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
42
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability45▼-18
Solvency53▼-27
Growth52=
Track record100
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days only on tighter terms
Liquidity short (current ratio 0.74 against 0.54 in 2023; short-term debt: 72% and cash: 0.8% of total assets), and 72% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
28%
Return on assets
3%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-11-2025, 122 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
122 d late
2023
182 d early
2022
21 d early
2021
344 d late
2020
416 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€183k
EBIT margin
11.4%
Net result
€8k▼ 36.1%
2023 · €13k
2020: €14k
2021: €12k
2022: €26k
2023: €13k
2020 → 2024
Working capital
€-51k▼ 101%
2023 · €-25k
2020: €4k
2021: €20k
2022: €49k
2023: €-25k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€183k-
Equity€17k-€30k▲ 72.1%€56k▲ 87.8%€68k▲ 22.7%€76k▲ 11.8%
Operating result€21k-€15k▼ 26.1%€31k▲ 104%€17k▼ 46.6%€11k▼ 36.0%
Net result€14k-€12k▼ 12.7%€26k▲ 109%€13k▼ 51.5%€8k▼ 36.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 36% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €272k
Fixed assets
€127k▲ 36.1%
Current assets
€145k▲ 382%
Equity and liabilities €272k
Equity
€76k▲ 11.8%
Debt
€196k▲ 253%
The debt ratio rises from 44.9% to 72.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€55k▲
2023 · €20k
Cash flow
€52k▲
2023 · €16k
Solvency
28.0%▼
2023 · 55.1%
Current ratio
0.74▲
2023 · 0.54
Quick ratio
0.74▲
2023 · 0.54
Debt / equity
2.57▲
2023 · 0.81
ROE
10.6%▼
2023 · 18.5%
ROA
3.0%▼
2023 · 10.2%
Debt
€196k▲
2023 · €55k
Debt ≤ 1 year
€196k▲
2023 · €55k
Income taxes
€3k▼
2023 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€124k€272k▲
Fixed assets21/28€94k€127k▲
Intangible fixed assets21€90k€72k▼
Tangible fixed assets22/27€4k€55k▲
Furniture and vehicles24€4k€55k▲
Current assets29/58€30k€145k▲
Amounts receivable within one year40/41€23k€143k▲
Trade receivables40€23k€130k▲
Other amounts receivable41€580€12k▲
Cash at bank and in hand54/58€7k€2k▼
Equity and liabilities
Total equity and liabilities10/49€124k€272k▲
Equity10/15€68k€76k▲
Contributions10/11€3k€3k=
Capital10€3k€3k=
Issued capital100€3k€3k=
Profit (loss) carried forward14€65k€73k▲
Amounts payable17/49€55k€196k▲
Amounts payable within one year42/48€55k€196k▲
Trade debts44€51k-
Suppliers440/4€51k-
Taxes, remuneration and social security45€4k€7k▲
Taxes450/3€4k€7k▲
Other amounts payable47/48-€189k
Income statement
Code20232024
Remuneration, social security and pensions62€26k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€44k▲
Other operating charges640/8€348€5k▲
Gross operating margin9900€47k€60k▲
Operating profit (loss)9901€17k€11k▼
Profit (loss) for the period before taxes9903€17k€11k▼
Income taxes67/77€4k€3k▼
Profit (loss) for the period9904€13k€8k▼
Profit (loss) for the period to be appropriated9905€13k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€65k€73k▲
Profit (loss) brought forward from the previous period14P€53k€65k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 122 days late
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €8k ▼36.1%
Net result drops to €8k, the lowest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
10-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 344 days late
2022
31-12
Financial
Highest result since 2020net €26k ▲109%
Operating result €31k, net result €26k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 3.13
Current ratio from 1.49 to 3.13; short-term debt falls from €40k to €23k.
20-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 416 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Elsene · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Elsense Steenweg 2041050 ElseneGround area
147 m²
Building footprint
117 m²
Volume, LiDAR
1,941 m³
Parcel 21442A0138/00N006, Brussels · tallest building 21.6 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
THE M-GROUP
since 20192.293.341.603
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21442A0138/00N006 | Brussels | 147 m² | 1 · 117 m² | 21.6 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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MONTINTO
BE 0692.596.826
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JOMALI IMPORT EXPORT
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BEPURE
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Of 1,428 companies in sector 46389 we hold annual accounts for 855. 551 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-07-2019
Fiscal year end31-12
Activities, NACEBEL
46389Wholesale of other food products
49410Freight transport by road
46319Wholesale of fruit and vegetables, excluding potatoes
46323Wholesale trade
46331Wholesale trade
46332Wholesale trade
46341Wholesale of wines and spirits
46349Wholesale of beverages, general range
46360Wholesale trade
46370Wholesale trade
52100Warehousing and storage
52250Logistics services
52290Warehousing and support activities for transportation
81210General cleaning of buildings
81220Other building cleaning and industrial cleaning
81230Other cleaning activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.