M3K
ActiveSummary
M3K has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €82k and a net result of €812. Equity is growing by ~16.6% per year across the filed fiscal years. Its solvency ranks better than 47% of 15869 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
55
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability61▼-2
Solvency61▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity tight (current ratio 1.47 against 1.52 in 2023; short-term debt: 62% and cash: 3.3% of total assets), and 63.9% 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.
+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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
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
36.1%
Return on assets
0.4%
Age of the figures
21 mo
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
37 d early
2022
35 d early
2021
53 d early
2020
52 d early
2019
32 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€82k▲ 1.0%
2023 · €81k
2019: €19k
2020: €43k
2021: €75k
2022: €77k
2023: €81k
2019 → 2024
Total assets
€227k▲ 4.6%
2023 · €217k
2019: €122k
2020: €160k
2021: €205k
2022: €210k
2023: €217k
2019 → 2024
Net result
€812▼ 79.5%
2023 · €4k
2019: €295
2020: €24k
2021: €31k
2022: €2k
2023: €4k
2019 → 2024
Working capital
€66k▲ 1.3%
2023 · €65k
2019: €48k
2020: €90k
2021: €97k
2022: €57k
2023: €65k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€43k-€75k▲ 72.6%€77k▲ 3.1%€81k▲ 5.1%€82k▲ 1.0%
Operating result€27k-€35k▲ 27.5%€17k▼ 51.6%€12k▼ 29.4%€4k▼ 69.0%
Net result€24k-€31k▲ 28.7%€2k▼ 92.6%€4k▲ 71.0%€812▼ 79.5%
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 three years in a row; 2024 is 69% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €227k
Fixed assets
€21k ▼ 27.7%
Current assets
€206k ▲ 9.5%
Equity and liabilities €227k
Equity
€82k ▲ 1.0%
Debt
€145k ▲ 6.7%
Debt's share of the balance-sheet total rises from 62.7% to 63.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€10k▼
2023 · €25k
Cash flow
€7k▼
2023 · €17k
Current ratio
1.47▼
2023 · 1.52
Quick ratio
0.08▼
2023 · 0.20
Debt to equity
1.77▲
2023 · 1.68
ROE
1.0%▼
2023 · 4.9%
ROA
0.4%▼
2023 · 1.8%
Interest coverage
5.00▼
2023 · 5.08
Debt ≤ 1 year
€141k▲
2023 · €124k
Debt > 1 year
€4k▼
2023 · €12k
Income taxes
€1,000▼
2023 · €3k
Staff costs
€27k▲
2023 · €25k
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 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€217k€227k▲
Fixed assets21/28€29k€21k▼
Tangible fixed assets22/27€29k€20k▼
Plant, machinery and equipment23€8k€7k▼
Furniture and vehicles24€21k€13k▼
Financial fixed assets28-€210
Current assets29/58€188k€206k▲
Stocks and contracts in progress3€164k€195k▲
Stocks30/36€164k€195k▲
Amounts receivable within one year40/41€5k€2k▼
Trade receivables40€5k€2k▼
Other amounts receivable41€262-
Cash at bank and in hand54/58€19k€7k▼
Deferred charges and accrued income490/1€194€2k▲
Equity and liabilities
Total equity and liabilities10/49€217k€227k▲
Equity10/15€81k€82k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k-
Other1319€2k-
Distributable reserves133-€2k
Profit (loss) carried forward14€61k€61k▲
Amounts payable17/49€136k€145k▲
Amounts payable after more than one year17€12k€4k▼
Financial debts170/4€12k€4k▼
Amounts payable within one year42/48€124k€141k▲
Current portion of amounts payable after more than one year42€8k€4k▼
Trade debts44€40k€37k▼
Suppliers440/4€40k€37k▼
Taxes, remuneration and social security45€17k€8k▼
Taxes450/3€11k€3k▼
Remuneration and social security454/9€6k€5k▼
Other amounts payable47/48€60k€92k▲
Accrued charges and deferred income492/3€312€367▲
Income statement
Code20232024
Remuneration, social security and pensions62€25k€27k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€7k▼
Other operating charges640/8€5k€3k▼
Non-recurring operating charges66A€3k€7k▲
Gross operating margin9900€58k€47k▼
Operating profit (loss)9901€12k€4k▼
Financial income75/76B€82€193▲
Recurring financial income75€82€193▲
Financial charges65/66B€5k€2k▼
Recurring financial charges65€5k€2k▼
Profit (loss) for the period before taxes9903€7k€2k▼
Income taxes67/77€3k€1,000▼
Profit (loss) for the period9904€4k€812▼
Profit (loss) for the period to be appropriated9905€4k€812▼
Appropriation of the result
Profit (loss) to be appropriated9906€61k€61k▲
Profit (loss) brought forward from the previous period14P€57k€61k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2019net €31k ▲28.7%
Operating result €35k, net result €31k, both a record.
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Gent · 1 establishment unit since 2018
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.
Bevrijdingslaan 279000 GentGround area
256 m²
Building footprint
256 m²
Volume, LiDAR
1,827 m³
Parcel 44816K0641/00Y000, Flanders · tallest building 16.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Bevrijdingslaan 27, 9000 Gent
since 20182.279.650.349
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44816K0641/00Y000 | Flanders | 256 m² | 1 · 256 m² | 16.1 m · 1 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 4,000 EUR awarded · 4,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.279.650.349
Similar companies · same sector, comparable size
Nios Pro
BE 0666.618.345
Diepenbeek · Eq €81,561
3D DISPLAY
BE 0475.551.210
Sint-Lambrechts-Woluwe · Eq €81,341
HERMANS ERIC / HST
BE 0474.195.485
Kasterlee · Eq €82,643
The Studio
BE 0475.544.082
Baarle-Hertog · Eq €82,887
SLV BELGIUM
BE 0479.137.933
Wommelgem · Eq €83,650
Of 977 companies in sector 46431 we hold annual accounts for 705. 468 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
Founded18-09-2018
Fiscal year end31-12
Activities, NACEBEL 2025
46431Wholesale of electrical household appliances and audio-video equipment
47559Retail sale of other household articles
46839Wholesale trade
47783Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.