M&N INVEST
ActiveSummary
M&N INVEST has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3k and a net result of €21k. Equity is shrinking by ~36% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 24% of 14079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability96▲+56
Solvency28▼-8
Growth32=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
2.6%
Return on assets
22%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 14079 sector peers (2025).
NBB · sector comparisonPosition among 14079 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-05-2026, 63 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
63 d early
2024
3 d early
2023
9 d early
2022
29 d late
2021
29 d late
2020
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€3k▼ 72.3%
2024 · €9k
2020: €30k
2021: €-4k
2022: €9k
2023: €12k
2024: €9k
2020 → 2025
Total assets
€97k▲ 13.0%
2024 · €86k
2020: €73k
2021: €57k
2022: €62k
2023: €60k
2024: €86k
2020 → 2025
Net result
€21k▲ 1,159%
2024 · €2k
2020: €28k
2021: €-25k
2022: €15k
2023: €4k
2024: €2k
2020 → 2025
Working capital
€-7k
2024 · €1k
2020: €27k
2021: €-11k
2022: €949
2023: €2k
2024: €1k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-4k-€9k€12k▲ 31.6%€9k▼ 26.8%€3k▼ 72.3%
Operating result€-24k-€17k€9k▼ 47.2%€11k▲ 27.8%€34k▲ 205%
Net result€-25k-€15k€4k▼ 74.2%€2k▼ 55.0%€21k▲ 1,159%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 205% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €97k
Fixed assets
€10k ▲ 27.4%
Current assets
€87k ▲ 11.6%
Equity and liabilities €97k
Equity
€3k ▼ 72.3%
Debt
€94k ▲ 23.0%
The debt ratio rises from 89.5% to 97.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€37k▲
2024 · €14k
Cash flow
€24k▲
2024 · €5k
Current ratio
0.92▼
2024 · 1.02
Debt / equity
37.79▲
2024 · 8.52
ROE
853.6%▲
2024 · 18.8%
ROA
22.0%▲
2024 · 2.0%
Interest coverage
6.59▲
2024 · 2.31
Debt ≤ 1 year
€94k▲
2024 · €77k
Income taxes
€7k▲
2024 · €3k
Staff costs
€32k▼
2024 · €54k
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 · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€86k€97k▲
Fixed assets21/28€8k€10k▲
Tangible fixed assets22/27€4k€6k▲
Furniture and vehicles24€4k€6k▲
Financial fixed assets28€4k€4k=
Current assets29/58€78k€87k▲
Amounts receivable within one year40/41€36k€39k▲
Trade receivables40€32k€39k▲
Other amounts receivable41€3k€333▼
Cash at bank and in hand54/58€39k€46k▲
Deferred charges and accrued income490/1€4k€2k▼
Equity and liabilities
Total equity and liabilities10/49€86k€97k▲
Equity10/15€9k€3k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€7k-
Amounts payable17/49€77k€94k▲
Amounts payable within one year42/48€77k€94k▲
Trade debts44€37k€31k▼
Suppliers440/4€37k€31k▼
Taxes, remuneration and social security45€17k€16k▼
Taxes450/3€11k€11k▼
Remuneration and social security454/9€6k€5k▼
Other amounts payable47/48€22k€48k▲
Income statement
Code20242025
Remuneration, social security and pensions62€54k€32k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€70k€71k▲
Operating profit (loss)9901€11k€34k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€6k€6k▼
Recurring financial charges65€6k€6k▼
Profit (loss) for the period before taxes9903€5k€29k▲
Income taxes67/77€3k€7k▲
Profit (loss) for the period9904€2k€21k▲
Profit (loss) for the period to be appropriated9905€2k€21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€12k€28k▲
Profit (loss) brought forward from the previous period14P€10k€7k▼
Profit to be distributed694/7€5k€28k▲
Return on contributions (dividend)694€5k€28k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Weakest financial yearnet €-25k ▼190%
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are 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, Sint-Agatha-Berchem · 1 establishment unit since 2020
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.
Keizer Karellaan 5151082 Sint-Agatha-BerchemGround area
225 m²
Building footprint
214 m²
Volume, LiDAR
2,515 m³
Parcel 21003A0289/00V008, Brussels · tallest building 16.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
M&N INVEST
since 20202.310.283.246
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21003A0289/00V008 | Brussels | 225 m² | 1 · 214 m² | 16.2 m · 4 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.
Similar companies · same sector, comparable size
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BE 0739.985.284
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WOLFERS IMMOBILIËN
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GMC-GROUP
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TWILS
BE 0765.703.647
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CHAMALOB
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Of 11,747 companies in sector 68310 we hold annual accounts for 6,905. 1,322 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-12-2019
Fiscal year end31-12
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
68121Development of residential building projects
68110Buying and selling of own real estate
68322Real estate appraisal on a fee or contract basis
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:nathalie.plasman@gmail.com