M PLUS
ActiveSummary
M PLUS has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €615k and a net result of €50k. Equity is growing by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 11389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
84
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▼-7
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 43.03 against 45.14 in 2024; short-term debt: 2.2% and cash: 89.1% of total assets), and 2.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
97.8%
Return on assets
7.9%
Age of the figures
9 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 · 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 →
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
5 d late
2023
22 d late
2022
13 d late
2021
27 d late
2020
9 d late
2019
9 d early
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€615k▼ 7.3%
2024 · €663k
2018: €399k
2019: €472k
2020: €540k
2021: €535k
2022: €560k
2023: €620k
2024: €663k
2018 → 2025
Total assets
€629k▼ 7.2%
2024 · €677k
2018: €431k
2019: €495k
2020: €560k
2021: €565k
2022: €593k
2023: €652k
2024: €677k
2018 → 2025
Net result
€50k▼ 47.9%
2024 · €96k
2018: €53k
2019: €74k
2020: €67k
2021: €47k
2022: €87k
2023: €113k
2024: €96k
2018 → 2025
Working capital
€593k▼ 5.8%
2024 · €629k
2018: €391k
2019: €482k
2020: €531k
2021: €517k
2022: €540k
2023: €603k
2024: €629k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€535k-€560k▲ 4.6%€620k▲ 10.7%€663k▲ 7.0%€615k▼ 7.3%
Operating result€67k-€121k▲ 80.6%€158k▲ 30.2%€134k▼ 15.5%€72k▼ 46.2%
Net result€47k-€87k▲ 85.9%€113k▲ 29.1%€96k▼ 14.9%€50k▼ 47.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 46% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €629k
Fixed assets
€21k ▼ 36.6%
Current assets
€607k ▼ 5.6%
Equity and liabilities €629k
Equity
€615k ▼ 7.3%
Debt
€14k ▼ 1.0%
Debt's share of the balance-sheet total rises from 2.1% to 2.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€84k▼
2024 · €147k
Cash flow
€62k▼
2024 · €109k
Current ratio
43.03▼
2024 · 45.14
Debt to equity
0.02▲
2024 · 0.02
ROE
8.1%▼
2024 · 14.4%
ROA
7.9%▼
2024 · 14.1%
Interest coverage
290.93▲
2024 · 165.83
Debt ≤ 1 year
€14k▼
2024 · €14k
Income taxes
€25k▼
2024 · €40k
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 · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€677k€629k▼
Fixed assets21/28€34k€21k▼
Tangible fixed assets22/27€34k€21k▼
Furniture and vehicles24€34k€21k▼
Leasing and similar rights25€0-
Financial fixed assets28€75€0▼
Current assets29/58€644k€607k▼
Amounts receivable within one year40/41€28k€13k▼
Trade receivables40€5k€11k▲
Other amounts receivable41€23k€2k▼
Current investments50/53€50k€29k▼
Cash at bank and in hand54/58€560k€560k▲
Deferred charges and accrued income490/1€6k€4k▼
Equity and liabilities
Total equity and liabilities10/49€677k€629k▼
Equity10/15€663k€615k▼
Contributions10/11€16k€16k=
Reserves13€510k€461k▼
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Distributable reserves133€508k€461k▼
Profit (loss) carried forward14€137k€137k=
Amounts payable17/49€14k€14k▼
Amounts payable within one year42/48€14k€14k▼
Current portion of amounts payable after more than one year42€0-
Trade debts44€6k€2k▼
Suppliers440/4€6k€2k▼
Taxes, remuneration and social security45€8k€4k▼
Taxes450/3€8k€4k▼
Other amounts payable47/48-€8k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€12k▼
Other operating charges640/8€3k€1k▼
Non-recurring operating charges66A€6k€0▼
Gross operating margin9900€156k€85k▼
Operating profit (loss)9901€134k€72k▼
Financial income75/76B€3k€4k▲
Recurring financial income75€3k€4k▲
Financial charges65/66B€887€289▼
Recurring financial charges65€887€289▼
Profit (loss) for the period before taxes9903€136k€75k▼
Income taxes67/77€40k€25k▼
Profit (loss) for the period9904€96k€50k▼
Profit (loss) for the period to be appropriated9905€96k€50k▼
Appropriation of the result
Profit (loss) to be appropriated9906€233k€187k▼
Profit (loss) brought forward from the previous period14P€137k€137k=
Transfer from equity791/2€53k€98k▲
Transfer to equity691/2€96k€50k▼
To other reserves6921€96k€50k▼
Profit to be distributed694/7€53k€98k▲
Return on contributions (dividend)694€53k€98k▲
The notes to these accounts (14 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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
05-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 5 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 45.14
Current ratio from 19.99 to 45.14; short-term debt falls from €32k to €14k.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
31-12
Financial
Highest result since 2018net €113k ▲29.1%
Operating result €158k, net result €113k, both a record.
13-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 13 days late
2022
27-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 27 days late
2021
31-12
Financial
Weakest financial yearnet €47k ▼30.4%
Net result drops to €47k, the lowest in the series; recovery starts the following year.
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
31-12
Financial
Equity above €500kEq €540k ▲14.3%
3 profitable years in a row build equity to €540k.
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity quadruplescurrent ratio 74.99
Current ratio from 17.10 to 74.99; short-term debt falls from €24k to €7k.
Show earlier events
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Sint-Agatha-Berchem · 2 establishment units since 2006
Ground area
603 m²
Building footprint
316 m²
Volume, LiDAR
2,751 m³
2 parcels, Brussels, Flanders · tallest building 12.8 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
Soldatenstraat 111, 1082 Sint-Agatha-Berchem
since 20062.157.651.766
Dendermondestraat 39, 1785 Merchtem
since 20152.244.887.628
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23602H0423/00T000 | Flanders | 431 m² | 1 · 237 m² | 12.0 m · 4 fl. |
| 21003A0113/02G004 | Brussels | 172 m² | 1 · 79 m² | 12.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
L.B. Services
BE 0824.905.321
Herentals · Eq €617k
ELCOM
BE 0437.703.788
Aalst · Eq €612k
PRODIM
BE 0421.305.939
Brussel · Eq €629k
RCi
BE 0786.532.220
Riemst · Eq €598k
BERGERENG
BE 0877.149.521
Geetbets · Eq €597k
Of 1,075 companies in sector 46140 we hold annual accounts for 645. 435 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-10-2006
Fiscal year end31-12
Activities, NACEBEL 2025
46140Agents in the wholesale of industrial machinery, ships and aircraft
46150Agents in the wholesale of furniture, household goods and hardware
47783Retail trade
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.