M2B
ActiveSummary
M2B has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €670k and a net result of €19k. Equity is growing by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 30% of 4539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability31=
Solvency43=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 2.54 against 2.73 in 2024; short-term debt: 29.6% and cash: 8.1% of total assets), but 82.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
17.9%
Return on assets
0.5%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
1 d early
2024
2 d early
2023
6 d early
2022
11 d early
2021
32 d early
2019
10 d late
2018
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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€19k▼ 34.8%
2024 · €29k
2018: €294k
2019: €51k
2021: €321k
2022: €131k
2023: €23k
2024: €29k
2018 → 2025
Working capital
€1.71M▲ 1.9%
2024 · €1.68M
2018: €-6k
2019: €765k
2021: €1.51M
2022: €1.42M
2023: €1.66M
2024: €1.68M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€567k-€599k▲ 5.6%€622k▲ 3.9%€651k▲ 4.7%€670k▲ 2.9%
Operating result€505k-€226k▼ 55.2%€104k▼ 53.8%€109k▲ 4.9%€116k▲ 5.8%
Net result€321k-€131k▼ 59.1%€23k▼ 82.2%€29k▲ 24.8%€19k▼ 34.8%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 6% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.74M
Fixed assets
€928k ▼ 6.6%
Current assets
€2.81M ▲ 6.3%
Equity and liabilities €3.74M
Equity
€670k ▲ 2.9%
Debt
€3.07M ▲ 2.7%
Debt's share of the balance-sheet total stays at 82.1%.
Key figures and ratios
EBITDA
€195k▼
2024 · €199k
Cash flow
€98k▼
2024 · €119k
Current ratio
2.54▼
2024 · 2.73
Quick ratio
1.44▼
2024 · 1.50
Debt to equity
4.58▼
2024 · 4.59
ROE
2.8%▼
2024 · 4.5%
ROA
0.5%▼
2024 · 0.8%
Interest coverage
1.37▼
2024 · 1.38
Debt ≤ 1 year
€1.11M▲
2024 · €971k
Debt > 1 year
€1.94M▼
2024 · €1.99M
Income taxes
€6k▼
2024 · €10k
Staff costs
€-2k▼
2024 · €12k
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 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.64M€3.74M▲
Fixed assets21/28€993k€928k▼
Tangible fixed assets22/27€993k€927k▼
Land and buildings22€975k€909k▼
Plant, machinery and equipment23€6k€13k▲
Furniture and vehicles24€12k€5k▼
Financial fixed assets28€550€500▼
Current assets29/58€2.65M€2.81M▲
Amounts receivable after more than one year29€1.18M€720k▼
Other amounts receivable291€1.18M€720k▼
Stocks and contracts in progress3€1.19M€1.22M▲
Stocks30/36€1.19M€1.22M▲
Amounts receivable within one year40/41€16k€564k▲
Trade receivables40€0€553k▲
Other amounts receivable41€16k€11k▼
Current investments50/53€150k€0▼
Cash at bank and in hand54/58€97k€302k▲
Deferred charges and accrued income490/1€9k€6k▼
Equity and liabilities
Total equity and liabilities10/49€3.64M€3.74M▲
Equity10/15€651k€670k▲
Contributions10/11€20k€20k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€629k€648k▲
Amounts payable17/49€2.99M€3.07M▲
Amounts payable after more than one year17€1.99M€1.94M▼
Financial debts170/4€735k€607k▼
Other amounts payable178/9€1.25M€1.33M▲
Amounts payable within one year42/48€971k€1.11M▲
Current portion of amounts payable after more than one year42€129k€128k▼
Financial debts43€732k€900k▲
Credit institutions430/8€732k€900k▲
Trade debts44€104k€73k▼
Suppliers440/4€104k€73k▼
Taxes, remuneration and social security45€7€0▼
Taxes450/3€7€0▼
Remuneration and social security454/9€0€0=
Other amounts payable47/48€6k€5k▼
Accrued charges and deferred income492/3€30k€27k▼
Income statement
Code20242025
Remuneration, social security and pensions62€12k€-2k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€90k€79k▼
Other operating charges640/8€29k€40k▲
Gross operating margin9900€240k€234k▼
Operating profit (loss)9901€109k€116k▲
Financial income75/76B€74k€52k▼
Recurring financial income75€74k€52k▼
Financial charges65/66B€145k€142k▼
Recurring financial charges65€145k€142k▼
Profit (loss) for the period before taxes9903€39k€25k▼
Income taxes67/77€10k€6k▼
Profit (loss) for the period9904€29k€19k▼
Profit (loss) for the period to be appropriated9905€29k€19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€629k€648k▲
Profit (loss) brought forward from the previous period14P€600k€629k▲
Social balance
Average headcount (FTE)90870.3-
The notes to these accounts (18 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
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-09
Financial
Weakest financial yearnet €19k ▼34.8%
Net result drops to €19k, the lowest in the series.
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
24-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
19-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
29-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-09
Financial
Highest result since 2018net €321k ▲533%
Operating result €505k, net result €321k, both a record.
30-09
Financial
Equity above €500kEq €567k ▲14.4%
3 profitable years in a row build equity to €567k.
2020
10-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 10 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 31 days late
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Herve · 1 establishment unit since 2016
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.
Rue Nicolas Hardy 144652 HerveGround area
3,351 m²
Building footprint
263 m²
Parcel 63085B0257/00B000, Wallonia. Linked by address, not a title deed.
1 establishment unit
M2B
since 20162.256.066.184
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63085B0257/00B000 | Wallonia | 3,351 m² | 1 · 262 m² | - |
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
JOSIR
BE 0432.100.356
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IMOBILIS
BE 1003.500.533
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DELAN INVEST
BE 0463.685.239
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AUTOCENTER VALE
BE 0434.386.289
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A.K. Investment
BE 0810.418.370
Elsene · Eq €672,583
Of 7,320 companies in sector 68110 we hold annual accounts for 5,381. 3,527 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
Founded07-06-2016
Fiscal year end30-09
Activities, NACEBEL 2025
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.