Financials
Financial year 2025
M-Square from Middelkerke, company number BE0467239397, closed financial year 2025 with a result of € 20,941 after tax. For that financial year M-Square recorded a gross margin of € 47,828 and equity of € 199,561. Compared with financial year 2024, the result moved from € 3,370 to € 20,941. Profitable, and profit is growing. 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 May 13, 2026.
€ 199,561
▲ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 20,941
▲ € 17,571 vs 2024
Profit after tax over the fiscal year.
€ 32,434
▲ 13% 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 € 30,953.
People and assets in 2025
€ 1,703
▼ 48% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 17,626
▼ 21% vs 2024
€ 4,908 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 25,352
▼ 33% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 12,945
▼ 28% 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 | € 10,578 | € 5,949 | € 25,726 | € 47,828 | ▲ 86% |
| Profit after taxes | € -28 | € -16,610 | € 3,370 | € 20,941 | ▲ € 17,571 |
| Equity | € 191,860 | € 175,250 | € 178,620 | € 199,561 | ▲ 12% |
| Total debts | € 28,781 | € 72,988 | € 113,356 | € 67,897 | ▼ 40% |
| Cash | € 30,795 | € 12,177 | € 28,636 | € 32,434 | ▲ 13% |
| Retained profit | € 23,251 | € 6,641 | € 10,011 | € 30,953 | ▲ 209% |
| Bank debt | € 12,694 | € 427 | € 22,338 | € 17,626 | ▼ 21% |
| Balance sheet total | € 220,640 | € 248,238 | € 291,976 | € 267,458 | ▼ 8% |
Key figures of M-Square, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to M-Square?
What happened at M-Square in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 20,941 (▲ € 17,571 vs 2024). filed late Source: NBB ↗
- New establishment in Middelkerke. KBO
- Start of the company according to the CBE. KBO
In short
From € 28 loss in 2022 to € 20,941 profit in 2025.
Paid € 439 in corporate taxes since 2022.
Best year ever: 2025, with € 20,941 profit.
Management
Behind M-Square are Marc De Munter and Eunice Löevering.
Directors
According to the 2025 annual accounts
Marc De Munter
Director
Eunice Löevering
Director
Establishments
Establishment units
Physical locations of this company
Distellaan 15
8434 Middelkerke
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0467.239.397
- VAT number
- BE 0467.239.397
- Registered office
- Distellaan 15, 8434 Middelkerke
- Names & denominations
- M-Square
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 November 1999
- Peppol
- Active · Active since 1 Oct 2025
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