Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 9 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
M & D INVEST from Lo-Reninge, company number BE0435031439, closed financial year 2025 with a result of € -38,567 after tax. For that financial year M & D INVEST recorded a gross margin of € 76,753 and equity of € 884,366. Compared with financial year 2024, the result moved from € -29,570 to € -38,567. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ 884,366
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -38,567
▼ 30 % more loss than in 2024
Profit after tax over the fiscal year.
€ 20,022
▼ 82% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 652,624.
Debts at end 2025
€ 575,200
▼ 8% vs 2024
€ 53,628 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 2,066
▲ 52% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,200
▼ 50% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 114,220 | € 146,224 | € 95,997 | € 76,753 | ▼ 20% |
| Profit after taxes | € -83,463 | € 35,907 | € -29,570 | € -38,567 | ▼ € 8,997 |
| Equity | € 890,462 | € 926,369 | € 896,798 | € 884,366 | ▼ 1% |
| Total debts | € 924,060 | € 860,147 | € 799,385 | € 867,418 | ▲ 9% |
| Cash | € 403,416 | € 86,293 | € 113,981 | € 20,022 | ▼ 82% |
| Land & buildings | € 1,420,818 | € 1,446,419 | € 1,646,701 | € 1,764,236 | ▲ 7% |
| Retained profit | € 684,854 | € 720,761 | € 691,191 | € 652,624 | ▼ 6% |
| Bank debt | € 729,726 | € 679,253 | € 627,752 | € 575,200 | ▼ 8% |
| Balance sheet total | € 1,995,898 | € 1,960,801 | € 1,863,378 | € 1,911,888 | ▲ 3% |
Key figures of M & D INVEST, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to M & D INVEST?
What happened at M & D INVEST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Mieke Morlion stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 38,567. Source: NBB ↗
- Karolien Destrooper stepped down as director. NBB
- Lode Morlion stepped down as director. NBB
- Mieke Morlion became a director. NBB
- Karolien Destrooper became a director. NBB
- Lode Morlion became a director. NBB
- New establishment in Lo-Reninge. KBO
In short
From € 83,463 loss in 2022 to € 38,567 loss in 2025.
Paid € 13,237 in corporate taxes since 2022.
Best year ever: 2023, with € 35,907 profit.
Management
Directors
According to the 2025 annual accounts
Karolien Destrooper
Director
since 2020 · until 2026
since 2021 · until 2027
since 2020 · until 2026
Establishments
Establishment units
Physical locations of this company
Weststraat 18
8647 Lo-Reninge
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0435.031.439
- VAT number
- BE 0435.031.439
- Registered office
- Weststraat 18, 8647 Lo-Reninge
- Names & denominations
- M & D INVEST
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 12 August 1988
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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