M
ActiveSummary
M has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €934k and a net result of €130k. Equity is growing by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 66% of 9624 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability78▲+12
Solvency78=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days only on tighter terms
Liquidity ample (current ratio 3.13 against 3.41 in 2023; short-term debt: 28.9% and cash: 34.6% of total assets), and 47% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
53%
Return on assets
7.4%
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 30-10-2025, 91 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
91 d late
2023
99 d late
2022
66 d late
2021
54 d late
2020
61 d late
2019
106 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€934k▲ 10.5%
2023 · €845k
2018: €680k
2019: €708k▲ +4.1% vs 2018
2020: €676k▼ -4.5% vs 2019lowest in 7 years
2021: €711k▲ +5.2% vs 2020
2022: €776k▲ +9.1% vs 2021
2023: €845k▲ +8.9% vs 2022
2024: €934k▲ +10.5% vs 2023highest in 7 years
2018 → 2024
Total assets
€1.76M▲ 10.1%
2023 · €1.60M
2018: €1.57M
2019: €1.61M▲ +2.2% vs 2018
2020: €1.48M▼ -7.9% vs 2019lowest in 7 years
2021: €1.57M▲ +6.0% vs 2020
2022: €1.68M▲ +7.1% vs 2021
2023: €1.60M▼ -4.9% vs 2022
2024: €1.76M▲ +10.1% vs 2023highest in 7 years
2018 → 2024
Net result
€130k▲ 88.4%
2023 · €69k
2018: €12k
2019: €28k▲ +141% vs 2018
2020: €-32k▼ -216% vs 2019lowest in 7 years
2021: €35k▲ +210% vs 2020
2022: €65k▲ +84.0% vs 2021
2023: €69k▲ +6.3% vs 2022
2024: €130k▲ +88.4% vs 2023highest in 7 years
2018 → 2024
Working capital
€1.09M▲ 10.5%
2023 · €983k
2018: €567klowest in 7 years
2019: €741k▲ +30.6% vs 2018
2020: €751k▲ +1.4% vs 2019
2021: €807k▲ +7.5% vs 2020
2022: €887k▲ +9.9% vs 2021
2023: €983k▲ +10.8% vs 2022
2024: €1.09M▲ +10.5% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€676k-€711k▲ 5.2%€776k▲ 9.1%€845k▲ 8.9%€934k▲ 10.5%
2020: €676klowest in 5 years
2021: €711k▲ +5.2% vs 2020
2022: €776k▲ +9.1% vs 2021
2023: €845k▲ +8.9% vs 2022
2024: €934k▲ +10.5% vs 2023highest in 5 years
Operating result€-20k-€53k€126k▲ 139%€137k▲ 8.8%€229k▲ 67.5%
2020: €-20klowest in 5 years
2021: €53k▲ +364% vs 2020
2022: €126k▲ +139% vs 2021
2023: €137k▲ +8.8% vs 2022
2024: €229k▲ +67.5% vs 2023highest in 5 years
Net result€-32k-€35k€65k▲ 84.0%€69k▲ 6.3%€130k▲ 88.4%
2020: €-32klowest in 5 years
2021: €35k▲ +210% vs 2020
2022: €65k▲ +84.0% vs 2021
2023: €69k▲ +6.3% vs 2022
2024: €130k▲ +88.4% vs 2023highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 68% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.76M
Fixed assets
€166k ▼ 20.3%
Current assets
€1.60M ▲ 14.7%
Equity and liabilities €1.76M
Equity
€934k ▲ 10.5%
Debt
€828k ▲ 9.7%
Debt's share of the balance-sheet total falls from 47.2% to 47.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€278k▲
2023 · €187k
Cash flow
€179k▲
2023 · €119k
Current ratio
3.13▼
2023 · 3.41
Quick ratio
1.35▲
2023 · 1.21
Debt to equity
0.89▼
2023 · 0.89
ROE
13.9%▲
2023 · 8.2%
ROA
7.4%▲
2023 · 4.3%
Interest coverage
6.61▲
2023 · 4.97
Debt ≤ 1 year
€510k▲
2023 · €408k
Debt > 1 year
€318k▼
2023 · €346k
Income taxes
€58k▲
2023 · €30k
Staff costs
€284k▲
2023 · €275k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 60 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.60M€1.76M▲
Fixed assets21/28€209k€166k▼
Tangible fixed assets22/27€202k€160k▼
Plant, machinery and equipment23€6k€4k▼
Furniture and vehicles24€10k€7k▼
Other tangible fixed assets26€187k€148k▼
Financial fixed assets28€6k€6k=
Current assets29/58€1.39M€1.60M▲
Stocks and contracts in progress3€899k€906k▲
Stocks30/36€899k€906k▲
Amounts receivable within one year40/41€13k€60k▲
Trade receivables40€3k€11k▲
Other amounts receivable41€10k€50k▲
Cash at bank and in hand54/58€464k€610k▲
Deferred charges and accrued income490/1€16k€20k▲
Equity and liabilities
Total equity and liabilities10/49€1.60M€1.76M▲
Equity10/15€845k€934k▲
Contributions10/11€244k€244k=
Reserves13€270k€359k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€30k€30k=
Distributable reserves133€241k€330k▲
Profit (loss) carried forward14€331k€331k=
Amounts payable17/49€755k€828k▲
Amounts payable after more than one year17€346k€318k▼
Financial debts170/4€346k€318k▼
Amounts payable within one year42/48€408k€510k▲
Current portion of amounts payable after more than one year42€27k€28k▲
Financial debts43€30k€18k▼
Credit institutions430/8€30k€18k▼
Trade debts44€228k€291k▲
Suppliers440/4€228k€291k▲
Taxes, remuneration and social security45€80k€129k▲
Taxes450/3€33k€97k▲
Remuneration and social security454/9€47k€32k▼
Other amounts payable47/48€44k€44k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Remuneration, social security and pensions62€275k€284k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€50k€49k▼
Other operating charges640/8€6k€12k▲
Gross operating margin9900€468k€573k▲
Operating profit (loss)9901€137k€229k▲
Financial income75/76B€280€959▲
Recurring financial income75€0€959▲
Non-recurring financial income76B€280€0▼
Financial charges65/66B€38k€42k▲
Recurring financial charges65€38k€42k▲
Profit (loss) for the period before taxes9903€99k€188k▲
Income taxes67/77€30k€58k▲
Profit (loss) for the period9904€69k€130k▲
Profit (loss) for the period to be appropriated9905€69k€130k▲
Appropriation of the result
Profit (loss) to be appropriated9906€400k€462k▲
Profit (loss) brought forward from the previous period14P€331k€331k=
Transfer from equity791/2-€41k
Transfer to equity691/2€69k€130k▲
To other reserves6921€69k€130k▲
Profit to be distributed694/7-€41k
Return on contributions (dividend)694-€41k
Social balance
Average headcount (FTE)90875.35.7▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €249k | €260k | €275k | €284k | ▲ 3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €58k | €52k | €50k | €50k | €49k | ▼ 2.0% |
| Other operating charges640/8 | - | €6k | €6k | €6k | €12k | ▲ 96.3% |
| Non-recurring operating charges66A | - | €172 | €0 | - | - | - |
| Gross operating margin9900 | €245k | €360k | €441k | €468k | €573k | ▲ 22.6% |
| Operating profit (loss)9901 | €-20k | €53k | €126k | €137k | €229k | ▲ 67.5% |
| Financial income75/76B | - | €35 | €123 | €280 | €959 | ▲ 243% |
| Recurring financial income75 | €152 | €35 | €123 | €0 | €959 | - |
| Non-recurring financial income76B | - | - | - | €280 | €0 | ▼ 100% |
| Financial charges65/66B | - | €14k | €29k | €38k | €42k | ▲ 12.0% |
| Recurring financial charges65 | €12k | €14k | €29k | €38k | €42k | ▲ 12.0% |
| Profit (loss) for the period before taxes9903 | €-31k | €39k | €96k | €99k | €188k | ▲ 89.0% |
| Income taxes67/77 | €721 | €4k | €31k | €30k | €58k | ▲ 90.6% |
| Profit (loss) for the period9904 | €-32k | €35k | €65k | €69k | €130k | ▲ 88.4% |
| Profit (loss) for the period to be appropriated9905 | €-32k | €35k | €65k | €69k | €130k | ▲ 88.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.48M | €1.57M | €1.68M | €1.60M | €1.76M | ▲ 10.1% |
| Fixed assets21/28 | €357k | €304k | €261k | €209k | €166k | ▼ 20.3% |
| Tangible fixed assets22/27 | €347k | €294k | €251k | €202k | €160k | ▼ 21.0% |
| Plant, machinery and equipment23 | - | €9k | €7k | €6k | €4k | ▼ 25.0% |
| Furniture and vehicles24 | - | €16k | €12k | €10k | €7k | ▼ 27.6% |
| Other tangible fixed assets26 | - | €270k | €232k | €187k | €148k | ▼ 20.5% |
| Financial fixed assets28 | €10k | €10k | €10k | €6k | €6k | = |
| Current assets29/58 | €1.12M | €1.27M | €1.42M | €1.39M | €1.60M | ▲ 14.7% |
| Stocks and contracts in progress3 | €854k | €723k | €774k | €899k | €906k | ▲ 0.8% |
| Stocks30/36 | - | €723k | €774k | €899k | €906k | ▲ 0.8% |
| Amounts receivable within one year40/41 | €92k | €89k | €36k | €13k | €60k | ▲ 367% |
| Trade receivables40 | - | - | - | €3k | €11k | ▲ 249% |
| Other amounts receivable41 | - | €89k | €36k | €10k | €50k | ▲ 403% |
| Cash at bank and in hand54/58 | €163k | €440k | €594k | €464k | €610k | ▲ 31.6% |
| Deferred charges and accrued income490/1 | - | €14k | €18k | €16k | €20k | ▲ 22.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.48M | €1.57M | €1.68M | €1.60M | €1.76M | ▲ 10.1% |
| Equity10/15 | €676k | €711k | €776k | €845k | €934k | ▲ 10.5% |
| Contributions10/11 | - | €244k | €244k | €244k | €244k | = |
| Reserves13 | €101k | €136k | €201k | €270k | €359k | ▲ 32.9% |
| Non-distributable reserves130/1 | - | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €0 | - | - |
| Tax-exempt reserves132 | - | €30k | €30k | €30k | €30k | = |
| Distributable reserves133 | - | €105k | €170k | €241k | €330k | ▲ 36.9% |
| Profit (loss) carried forward14 | €331k | €331k | €331k | €331k | €331k | = |
| Amounts payable17/49 | €805k | €859k | €907k | €755k | €828k | ▲ 9.7% |
| Amounts payable after more than one year17 | €432k | €400k | €372k | €346k | €318k | ▼ 8.2% |
| Financial debts170/4 | - | €400k | €372k | €346k | €318k | ▼ 8.2% |
| Amounts payable within one year42/48 | €373k | €459k | €535k | €408k | €510k | ▲ 24.9% |
| Current portion of amounts payable after more than one year42 | - | €32k | €30k | €27k | €28k | ▲ 5.0% |
| Financial debts43 | - | €30k | €24k | €30k | €18k | ▼ 40.2% |
| Credit institutions430/8 | - | €30k | €24k | €30k | €18k | ▼ 40.2% |
| Trade debts44 | €169k | €224k | €347k | €228k | €291k | ▲ 27.9% |
| Suppliers440/4 | - | €224k | €347k | €228k | €291k | ▲ 27.9% |
| Taxes, remuneration and social security45 | - | €131k | €80k | €80k | €129k | ▲ 61.2% |
| Taxes450/3 | - | €108k | €36k | €33k | €97k | ▲ 193% |
| Remuneration and social security454/9 | - | €23k | €43k | €47k | €32k | ▼ 32.1% |
| Other amounts payable47/48 | - | €43k | €54k | €44k | €44k | ▼ 0.5% |
| Accrued charges and deferred income492/3 | - | €109 | €112 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-32k | €35k | €65k | €69k | €130k | ▲ 88.4% |
| + Depreciation and write-downs630 | €58k | €52k | €50k | €50k | €49k | ▼ 2.0% |
| Operating cash flow (approximation) | €26k | €88k | €115k | €119k | €179k | ▲ 50.4% |
| Investment in fixed assets (approximation) | - | €172 | €-6k | €2k | €-7k | ▼ 423% |
| Change in cash | - | €277k | €154k | €-130k | €147k | ▲ 213% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 91 days late
2024
31-12
Financial
Highest result since 2018net €130k ▲88.4%
Operating result €229k, net result €130k, both a record.
07-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 99 days late
2023
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 66 days late
2022
23-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 54 days late
2021
31-12
Financial
Back to profitnet €35k
Net result €35k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
31-12
Financial
Weakest financial yearnet €-32k
Net result drops to €-32k, the lowest in the series; recovery starts the following year.
14-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 106 days late
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 22 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 21 days late
2016
16-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Antwerpen · 2 establishment units since 2002
Ground area
465 m²
Building footprint
205 m²
Volume, LiDAR
3,826 m³
2 parcels, Flanders · tallest building 25.2 m, ±7 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
Louis
since 20022.101.509.552
Louis
since 20072.160.259.878
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31334B0600/00A000 | Flanders | 283 m² | 1 · 105 m² | 25.2 m · 7 fl. |
| 11803C1932/00D000 | Flanders | 182 m² | 1 · 100 m² | 18.5 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,270 companies in sector 47512 we hold annual accounts for 581. 330 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-01-2002
Fiscal year end31-12
Activities, NACEBEL 2025
47512Retail sale of household textiles and bedding
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
Scores and ratios are computed by Checked and are not a credit decision.