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M80 Capital

Group · 31 companies · 2 countries

M80 Capital and the 30 companies it controls according to the LEI register and the annual accounts: the structure, the figures, each company's health and where the risk sits.

Companies
31
30 in Belgium, 1 abroad
Countries
2
Belgium, France
Total assets
€358.7m
what the companies own together
Equity
€246.3m
the shareholders' buffer
Net result
-€7.9m
profit or loss of the year
Staff (FTE)
155
in Belgium, social balance

Sum of the filed annual accounts of 29 of the 30 Belgian companies (financial years 2025). Not a consolidation: receivables, participations and sales between group companies are not eliminated, so they count.

M80 Capital also files consolidated accounts (financial year 2022): the real group figures, with intra-group positions eliminated. Checked does not read their figures yet; the document is at the National Bank's Central Balance Sheet Office.

Group risk

How healthy the group's Belgian companies are, and where the risk sits. A weak subsidiary can cost the parent money, and the other way round.

71/100 median score

Group structure

Who consolidates whom according to the LEI register, completed with who holds more than half of the shares according to the annual accounts. Both mean control.

  • M80 Capital6 subsidiaries
    BE 0713.914.852ParentLEI lapsed
    No verdict€148.4m €145.8m 2025
    • Gerantis Group16 subsidiaries
      BE 0727.889.28556.32% per the accounts
      No verdict€68.8m €46.3m 2025
      • BE 0476.814.980100% per the accountsInactive
        Elevated€3.1m €2.6m 2025
      • BE 0403.761.510100% per the accountsInactive
        Elevated€2.5m €333,525 2025
      • BE 0442.490.640100% per the accountsInactive
        Elevated€866,263 €2,252 2025
      • BE 0456.749.442100% per the accountsInactive
        Elevated€406,482 €2,543 2025
      • BE 0794.431.186100% per the accounts
        Fair · 49€203,194 -€697,589 2025
      • BE 0738.693.996100% per the accountsInactive
        Elevated€5.8m €3,628 2025
      • BE 0427.342.903100% per the accountsInactive
        Elevated€258,811 €2,377 2025
      • BE 0504.879.555100% per the accounts
        Healthy · 91€2.1m €1.6m 2025
      • BE 0862.064.635100% per the accountsInactive
        Elevated€1.7m €414,003 2025
      • BE 0462.675.053100% per the accountsInactive
        Elevated€455,198 €157,530 2025
      • BE 0874.157.862100% per the accounts
        No verdict€1.3m €995,386 2025
      • BE 0782.983.406100% per the accounts
        Fair · 54€418,377 €116,130 2025
      • BE 0834.207.423100% per the accountsInactive
        Elevated€1.8m €1.2m 2025
      • BE 0456.775.077100% per the accountsInactive
        Elevated€484,685 €396,606 2025
      • BE 0821.772.221100% per the accounts
        Healthy · 85€1.5m €432,493 2025
      • ZERON1 subsidiary
        BE 0477.147.849100% per the accounts
        Healthy · 70€13.2m €3.2m 2025
        • BE 0474.134.020100% per the accounts
          Healthy · 91€695,546 €417,557 2025
    • BE 1016.937.60788.04% per the accounts
      No verdictno figures
    • BE 1017.877.517100% per the accounts
      Elevated · 56€53,800 €40,594 2025
    • Theuma Group3 subsidiaries
      BE 0724.843.18877.62% per the accounts
      Healthy · 62€36.3m €5.7m 2025
      • BE 0450.099.497100% per the accounts
        Fair · 52- - 2025
      • NOII1 subsidiary
        BE 0555.788.917100% per the accounts
        No verdict€6.8m €6.6m 2025
        • BE 0440.316.94999.99% per the accounts
          Healthy · 64- - 2025
      • BE 0733.702.159100% per the accounts
        Healthy · 71- - 2025
    • Wooden Ships1 subsidiary
      BE 0727.938.87460.03% per the accounts
      No verdict€32.2m €22.6m 2025
      • BE 0849.280.728100% per the accounts
        Healthy · 91€27.6m €6.7m 2025
        • BE 0418.897.369100% per the accounts
          Healthy · 89€528,370 €493,063 2025
        • BE 0753.562.910100% per the accounts
          Healthy · 71€1.3m €760,546 2025
    • SUPERFOOD
      FR Montaigu-Vendee, FranceLEI lapsed

High risk Elevated Healthy Fair No verdict Amounts: total assets and equity from the latest accounts.

Shared directors

Who sits on the boards of several group companies. This is where control over the group sits in practice.

6

Events in the group

Bankruptcies, director changes, capital changes and other publications of all Belgian group companies, over the last two years.

  1. 2 directors appointed, 4 directors resigning
    Director changeGerantis Group
  2. 4 directors appointed, 4 directors resigning
    Director changeGerantis Rentimmo
  3. Dissolution of the company
    DissolutionKEYTEL
  4. 4 directors resigning
    Director changeKEYTEL
  5. 1 director appointed, 2 directors resigning
    Director changeZERON
  6. 2 directors appointed, 3 directors resigning
    Director changePORTHOS VERZEKERINGEN
  7. Dissolution of the company
  8. 4 directors resigning
    Director changeGERANTIS ARTEVELDE
  9. 4 directors appointed, 4 directors resigning
    Director changeIfac Service
  10. Share transfer
    Capital changeGerantis Group
  11. 3 directors resigning
    Director changeAGENCE MAR'IMMO
  12. 4 directors resigning
    Director changeHOUSING BEHEER
  13. 4 directors resigning
    Director changeBEHEER
  14. Dissolution of the company
    DissolutionAGENCE MAR'IMMO
  15. Dissolution of the company
    DissolutionHOUSING BEHEER
  16. Dissolution of the company
  17. Dissolution of the company
    DissolutionUW BEHEER
  18. Dissolution of the company
    DissolutionJALO BEHEER
  19. Dissolution of the company
    DissolutionBEHEER
  20. 5 directors resigning
    Director changeGERANTIS SERVICES
  21. 5 directors resigning
    Director changeUW BEHEER
  22. 3 directors resigning
    Director changeJALO BEHEER
  23. Dissolution of the company
    DissolutionGERANTIS CHIPKA
  24. 3 directors resigning
    Director changeGERANTIS CHIPKA
  25. 3 directors appointed, 2 directors resigning
    Director changePraesidio
  26. 1 director appointed, 2 directors resigning
    Director changeMIVECO.COM
  27. 2 directors appointed, 4 directors resigning
    Director changeWSB Syndic
  28. 2 directors appointed
    Director changeNOII

The 30 most recent; each dossier shows its company's full timeline.

What is my exposure to this group?

The companies of this group you keep in your lists or follow, seen together.

Where do these figures come from?

Completed with the annual accounts: a company of which another Belgian company holds more than half of the shares, by the list of holdings or the shareholder structure in its accounts, stands under that company, with the share. The register of ultimate beneficial owners (UBO) is not public.

The group's make-up comes from the LEI register (GLEIF): which company consolidates which other, directly or ultimately. A company whose link the register does not state is not listed here, even if it does belong to the group.

The amounts are those of the annual accounts each Belgian company filed with the National Bank, added up without consolidation. The verdict per company is that of its dossier on Checked.be. Everything is updated every night.

Updated on 15-10-2026