Financials
Financial year 2025
M - SHIRT from Kortrijk, company number BE0478627791, closed financial year 2025 with a result of € 83,904 after tax. For that financial year M - SHIRT recorded a gross margin of € 170,998 and equity of € 1.4 million. Compared with financial year 2024, the result moved from € 95,094 to € 83,904. 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 March 19, 2026.
€ 1.4 million
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 83,904
▼ 12% vs 2024
Profit after tax over the fiscal year.
€ 51,875
▼ 42% 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 € 933,785.
People and assets in 2025
1.1
Average over the fiscal year, from the social balance sheet.
€ 49,971
▲ 5% vs 2024
€ 45,400 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.
€ 9,491
▼ 44% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 71,365
▼ 2% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 47,509
▲ 7% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 285,755 | € 222,535 | € 191,157 | € 170,998 | ▼ 11% |
| Profit after taxes | € 169,438 | € 124,459 | € 95,094 | € 83,904 | ▼ 12% |
| Equity | € 1,388,328 | € 1,255,787 | € 1,350,881 | € 1,433,785 | ▲ 6% |
| Total debts | € 395,475 | € 429,762 | € 343,433 | € 217,487 | ▼ 37% |
| Cash | € 133,072 | € 70,038 | € 88,870 | € 51,875 | ▼ 42% |
| Retained profit | € 631,328 | € 755,787 | € 850,881 | € 933,785 | ▲ 10% |
| Bank debt | € 170,510 | € 343,655 | € 113,687 | € 0 | ▼ 100% |
| Balance sheet total | € 1,783,804 | € 1,685,549 | € 1,694,314 | € 1,651,272 | ▼ 3% |
| Employees (FTE) | - | 1.2 | 1.1 | 1.1 |
Key figures of M - SHIRT, 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 - SHIRT?
What happened at M - SHIRT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 83,904 (▼ 12% vs 2024). Source: NBB ↗
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 169,438 profit in 2022 to € 83,904 profit in 2025.
Paid € 202,825 in corporate taxes since 2022.
Best year ever: 2022, with € 169,438 profit.
On average € 155,500 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind M - SHIRT are TONY MATTELAER and BRENDA ELIANO.
Directors
According to the 2025 annual accounts
TONY MATTELAER
Managing director
BRENDA ELIANO
Managing director
Establishments
Establishment units
Physical locations of this company
Meensesteenweg(Bis) 192
8501 Kortrijk
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0478.627.791
- VAT number
- BE 0478.627.791
- Registered office
- Meensesteenweg(Bis) 192, 8501 Kortrijk
- Names & denominations
- M - SHIRT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 October 2002
- Peppol
- Active · Active since 9 Jun 2026
- Activities · NACE
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