Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 8.7 to 7.1.
-
Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
M-Services from Brasschaat, company number BE0436489310, closed financial year 2025 with a result of € 41,657 after tax. For that financial year M-Services recorded a gross margin of € 364,625 and equity of € 259,998. Compared with financial year 2024, the result moved from € 37,526 to € 41,657. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 29, 2026.
€ 259,998
▲ 19% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 41,657
▲ 11% vs 2024
Profit after tax over the fiscal year.
€ 11,621
▼ 75% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 167,998.
People and assets in 2025
7.1
▼ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 195,010
▼ 47% vs 2024
€ 27,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 2,779
▲ 8% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 181,864
▼ 51% vs 2024
Loans from banks and other lenders, long and short.
€ 158,418
▲ 21% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 24,164
▼ 80% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 386,144 | € 655,023 | € 669,730 | € 364,625 | ▼ 46% |
| Profit after taxes | € -35,863 | € 25,232 | € 37,526 | € 41,657 | ▲ 11% |
| Equity | € 155,584 | € 180,815 | € 218,341 | € 259,998 | ▲ 19% |
| Total debts | € 991,362 | € 939,114 | € 735,588 | € 624,446 | ▼ 15% |
| Cash | € 97,279 | € 79,459 | € 46,423 | € 11,621 | ▼ 75% |
| Land & buildings | € 83,773 | € 178,142 | € 168,806 | € 153,760 | ▼ 9% |
| Retained profit | € 63,584 | € 88,815 | € 126,341 | € 167,998 | ▲ 33% |
| Bank debt | € 559,201 | € 546,390 | € 373,972 | € 181,864 | ▼ 51% |
| Balance sheet total | € 1,146,946 | € 1,119,929 | € 953,930 | € 884,444 | ▼ 7% |
| Employees (FTE) | 13.5 | 8.7 | 7.3 | 7.1 | ▼ 0.2 |
Key figures of M-Services, 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-Services?
What happened at M-Services in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 41,657 (▲ 11% vs 2024). filed late Source: NBB ↗
- Maxime Mortier stepped down as director. NBB
- Marc Mortier stepped down as director. NBB
- Maxime Mortier became a director. NBB
- Marc Mortier became a director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 35,863 loss in 2022 to € 41,657 profit in 2025.
Paid € 89,630 in corporate taxes since 2022.
Best year ever: 2025, with € 41,657 profit.
On average € 51,400 of value added per employee in 2025.
Management
The stake of AGAMAX comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
M-ServicesBehind M-Services is Agamax. The shares are held by AGAMAX (100%).
Directors
According to the 2025 annual accounts
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Dennenlei 8
2930 Brasschaat
Merksemsesteenweg 225
2100 Antwerpen
Active since 31 January 1989
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
- 0436.489.310
- VAT number
- BE 0436.489.310
- Registered office
- Dennenlei 8, 2930 Brasschaat
- Names & denominations
- M-Services
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 September 1988
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Verhuur en lease van vaat- en glaswerk, keuken- en tafelgerei, elektrische huishoudapparaten en andere huishoudelijke benodigdheden
Overige opslag
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Opslag
Verhuur en lease van tenten
Overige adviesbureaus op het gebied van bedrijfsvoering en beheer
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering