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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Tight liquidity NBB
Cash and receivables cover 14 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
B en M from Lievegem, company number BE0437057848, closed financial year 2025 with a result of € 103,103 after tax. For that financial year B en M recorded revenue of € 1.2 million and equity of € 9.8 million. Compared with financial year 2024, the result moved from € 173,354 to € 103,103. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 16, 2026.
€ 9.8 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 103,103
▼ 41% vs 2024
Profit after tax over the fiscal year.
€ 51,706
▼ 72% 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 € 7.5 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 115,348
▲ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 35 days on average.
€ 12,896
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 10,742,535 | € 13,397,703 | € 2,234,485 | € 1,248,061 | ▼ 44% |
| Profit after taxes | € 1,647,847 | € 2,204,326 | € 173,354 | € 103,103 | ▼ 41% |
| Equity | € 7,326,202 | € 9,530,528 | € 9,703,882 | € 9,806,985 | ▲ 1% |
| Total debts | € 5,312,185 | € 2,878,664 | € 310,016 | € 369,965 | ▲ 19% |
| Cash | € 1,430,741 | € 2,281,279 | € 187,765 | € 51,706 | ▼ 72% |
| Land & buildings | € 761,309 | € 721,088 | € 680,806 | € 794,241 | ▲ 17% |
| Retained profit | € 5,005,600 | € 7,209,926 | € 7,383,280 | € 7,486,383 | ▲ 1% |
| Balance sheet total | € 12,905,492 | € 12,695,199 | € 10,299,904 | € 10,462,956 | ▲ 2% |
Key figures of B en M, 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 B en M?
What happened at B en M in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- OPEN2MARKET stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 103,103 (▼ 41% vs 2024). Source: NBB ↗
- OPEN2MARKET became a director. NBB
- Alexis Murphy stepped down as director. NBB
- Finadel SRL stepped down as director. NBB
- Finadel SRL became a director. NBB
- Alexis Murphy became a director. NBB
- New establishment in Lievegem. KBO
In short
From € 1.6 million profit in 2022 to € 103,103 profit in 2025.
Paid € 1.6 million in corporate taxes since 2022.
Best year ever: 2023, with € 2.2 million profit.
Pays suppliers within 35 days on average.
Management
The stake of SAGEVAS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
B en MThe shares are held by SAGEVAS (100%).
Directors
According to the 2025 annual accounts
Director · represented by Timothy Mastelinck
Also active at: TF HOLDING, Association for the Defence of Newsagents, SAGEVAS
since 2025 · until 2031
since 2023 · until 2025
since 2019 · until 2025
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Leeuw Van Vlaanderenlaan 15
9950 Lievegem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0437.057.848
- VAT number
- BE 0437.057.848
- Registered office
- Leeuw Van Vlaanderenlaan 15, 9950 Lievegem
- Names & denominations
- B en M
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 March 1989
- Peppol
- Active · Active since 14 Jan 2026
- Activities · NACE
Activiteiten van loterijen en kansspelen
Groothandel in elektrische huishoudelijke apparaten en audio- en videoapparatuur
Detailhandel in elektrische huishoudapparaten
Detailhandel in elektrische huishoudapparaten en in audio- en videoapparatuur