M&N GROUPE
ActiveM&N GROUPE has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €51k and a net result of €17k. Equity is growing by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 22% of 9981 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
53
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability75▲+6
Solvency40▲+4
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days only on tighter terms
Liquidity short (current ratio 0.95 against 0.83 in 2023; short-term debt: 60.1% and cash: 0% of total assets), and 85.3% 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.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
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
14.7%
Return on assets
5%
Age of the figures
21 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 9981 sector peers (2024).
NBB · sector comparisonPosition among 9981 sector peers
Solvency
better than 22%
← weakest
strongest →
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 03-07-2026, 337 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
337 d late
2023
142 d late
2022
274 d late
2021
110 d late
2020
114 d late
2019
14 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€96k
EBIT margin
9.3%
Net result
€17k▲ 1,367%
2023 · €1k
2018: €9k
2019: €11k
2020: €-2k
2021: €-2k
2022: €2k
2023: €1k
2018 → 2024
Working capital
€-9k▲ 66.7%
2023 · €-28k
2018: €16k
2019: €30k
2020: €9k
2021: €-853
2022: €-32k
2023: €-28k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€33k-€30k▼ 7.1%€32k▲ 5.7%€33k▲ 3.7%€51k▲ 52.4%
Operating result€-2k-€2k€8k▲ 260%€6k▼ 26.4%€30k▲ 409%
Net result€-2k-€-2k▼ 4.3%€2k€1k▼ 30.8%€17k▲ 1,367%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 409% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €346k
Fixed assets
€147k▼ 10.9%
Current assets
€199k▲ 40.4%
Equity and liabilities €346k
Equity
€51k▲ 52.4%
Debt
€295k▲ 8.0%
The debt ratio falls from 89.2% to 85.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€48k▲
2023 · €24k
Cash flow
€35k▲
2023 · €19k
Solvency
14.7%▲
2023 · 10.8%
Current ratio
0.95▲
2023 · 0.83
Quick ratio
0.95▲
2023 · 0.83
Debt / equity
5.82▼
2023 · 8.22
ROE
34.4%▲
2023 · 3.6%
ROA
5.0%▲
2023 · 0.4%
Interest coverage
56.26▲
2023 · 7.43
Debt
€295k▲
2023 · €273k
Debt ≤ 1 year
€208k▲
2023 · €170k
Debt > 1 year
€87k▼
2023 · €104k
Income taxes
€12k▲
2023 · €2k
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€306k€346k▲
Fixed assets21/28€165k€147k▼
Tangible fixed assets22/27€162k€145k▼
Land and buildings22€128k€124k▼
Furniture and vehicles24€31k€21k▼
Leasing and similar rights25€3k-
Financial fixed assets28€3k€3k=
Current assets29/58€141k€199k▲
Amounts receivable within one year40/41€138k€198k▲
Trade receivables40€126k€191k▲
Other amounts receivable41€12k€7k▼
Cash at bank and in hand54/58€3k€37▼
Deferred charges and accrued income490/1€540€540=
Equity and liabilities
Total equity and liabilities10/49€306k€346k▲
Equity10/15€33k€51k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€13k€30k▲
Amounts payable17/49€273k€295k▲
Amounts payable after more than one year17€104k€87k▼
Financial debts170/4€104k€87k▼
Amounts payable within one year42/48€170k€208k▲
Current portion of amounts payable after more than one year42€17k€10k▼
Trade debts44€125k€152k▲
Suppliers440/4€125k€152k▲
Taxes, remuneration and social security45€3k€14k▲
Taxes450/3€3k€14k▲
Other amounts payable47/48€25k€32k▲
Income statement
Code20232024
Goods, raw materials, services and sundry goods60/61-€99k
Remuneration, social security and pensions62€212-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€18k=
Other operating charges640/8€2k€402▼
Gross operating margin9900€27k€49k▲
Operating profit (loss)9901€6k€30k▲
Financial charges65/66B€3k€855▼
Recurring financial charges65€3k€855▼
Profit (loss) for the period before taxes9903€3k€29k▲
Income taxes67/77€2k€12k▲
Profit (loss) for the period9904€1k€17k▲
Profit (loss) for the period to be appropriated9905€1k€17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€13k€30k▲
Profit (loss) brought forward from the previous period14P€12k€13k▲
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
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 337 days late
2024
31-12
Financial
Highest result since 2018net €17k ▲1367%
Operating result €30k, net result €17k, both a record.
20-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 142 days late
30-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 274 days late
2022
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
18-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 110 days late
2021
31-12
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
22-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 114 days late
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
08-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 221 days late
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 61 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2015
09-10
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 70 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Vilvoorde · 1 establishment unit since 2014
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.
Leuvensesteenweg 2801800 VilvoordeGround area
141 m²
Building footprint
88 m²
Volume, LiDAR
657 m³
Parcel 23644H0043/00V002, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Leuvensesteenweg 280, 1800 Vilvoorde
since 20142.229.830.159
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23644H0043/00V002 | Flanders | 141 m² | 1 · 88 m² | 10.9 m · 2 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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Of 29,803 companies in sector 41001 we hold annual accounts for 16,040. 13,079 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded06-03-2014
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 10 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.