Financials
Financial year 2025
M NINER from Horebeke, company number BE0534945201, closed financial year 2025 with a result of € -3,533 after tax. For that financial year M NINER recorded a gross margin of € 12,496 and equity of € 224,759. Compared with financial year 2024, the result moved from € 25,850 to € -3,533. 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 November 14, 2025.
€ 224,759
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3,533
▼ still € 25,850 profit in 2024
Profit after tax over the fiscal year.
€ 4,941
▼ 50% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.8 million.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 163
▲ 8% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 21,424 | € 21,579 | € 18,429 | € 12,496 | ▼ 32% |
| Profit after taxes | € 15,125 | € 47,774 | € 25,850 | € -3,533 | ▼ € 29,383 |
| Equity | € 154,668 | € 202,441 | € 228,291 | € 224,759 | ▼ 2% |
| Total debts | € 121,117 | € 74,039 | € 108,609 | € 112,122 | ▲ 3% |
| Cash | € 98,016 | € 27,428 | € 9,941 | € 4,941 | ▼ 50% |
| Retained profit | € -1,878,882 | € -1,831,109 | € -1,805,259 | € -1,808,791 | |
| Bank debt | € 91,569 | € 61,578 | € 31,058 | € 0 | ▼ 100% |
| Balance sheet total | € 275,784 | € 276,481 | € 336,900 | € 336,881 |
Key figures of M NINER, 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 October 2026.
What happened to M NINER?
What happened at M NINER in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 3,533 (▼ € 29,383 vs 2024). filed late Source: NBB ↗
- New establishment in Horebeke. KBO
- Start of the company according to the CBE. KBO
- Kris Maertens became a director. NBB
In short
From € 15,125 profit in 2022 to € 3,533 loss in 2025.
Paid € 14,867 in corporate taxes since 2022.
Best year ever: 2023, with € 47,774 profit.
Management
Behind M NINER is Kris Maertens. It owns 99% of M One, 72.7% of De Groote Fabrieke and 6% of Vastma itself.
Directors
According to the 2025 annual accounts
Kris Maertens
Director
Also active at: M Triple Niner, MAEPO, Demote Vastgoed, DE GROOTE FABRIEKE, VASTMA, Mapi, BLOEMMOLENS
since 2013
Establishments
Establishment units
Physical locations of this company
Steenberg 4
9667 Horebeke
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →M Triple Niner same network
€ 125,444 gross margin · 2025
MAEPO same network
€ -380,572 gross margin · 2025
DE GROOTE FABRIEKE same network
€ -2,251 gross margin · 2025
VASTMA same network
€ -132,814 gross margin · 2025
Mapi same network
€ -8,538 gross margin · 2025
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0534.945.201
- VAT number
- BE 0534.945.201
- Registered office
- Steenberg 4, 9667 Horebeke
- Names & denominations
- M NINER
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 June 2013
- Peppol
- Active · Active since 13 Jan 2026
- Activities · NACE
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