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 8 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
M Triple Niner from Horebeke, company number BE0536421480, closed financial year 2025 with a result of € 7,308 after tax. For that financial year M Triple Niner recorded a gross margin of € 125,444 and equity of € 176,989. Compared with financial year 2024, the result moved from € -135,420 to € 7,308. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on February 16, 2026.
€ 176,989
▲ 154% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 7,308
▲ still € 135,420 loss in 2024
Profit after tax over the fiscal year.
€ 60,082
▲ 158% 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 € 56,989.
People and assets in 2025
€ 3,373
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.1 million
▲ 3% vs 2024
€ 51,820 is repaid this year. At this pace the long-term loan is gone in ≈ 22 years.
€ 4,453
▼ 67% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 255
▼ 62% 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 | € 23,037 | € 1,571 | € 7,555 | € 125,444 | ▲ € 117,889 |
| Profit after taxes | € -27,906 | € -99,217 | € -135,420 | € 7,308 | ▲ € 142,728 |
| Equity | € 304,318 | € 205,101 | € 69,681 | € 176,989 | ▲ 154% |
| Total debts | € 873,255 | € 2,404,602 | € 2,157,374 | € 2,100,909 | ▼ 3% |
| Cash | € 45,914 | € 49,647 | € 23,269 | € 60,082 | ▲ 158% |
| Land & buildings | € 548,285 | € 1,164,008 | € 1,108,326 | € 1,049,357 | ▼ 5% |
| Retained profit | € 284,318 | € 185,101 | € 49,681 | € 56,989 | ▲ 15% |
| Bank debt | € 598,551 | € 1,486,692 | € 1,084,023 | € 1,114,382 | ▲ 3% |
| Balance sheet total | € 1,177,573 | € 2,609,703 | € 2,227,055 | € 2,277,898 | ▲ 2% |
Key figures of M Triple 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 30 January 2027.
What happened to M Triple Niner?
What happened at M Triple Niner in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 7,308. filed late Source: NBB ↗
- New establishment in Horebeke. KBO
- Start of the company according to the CBE. KBO
In short
From € 27,906 loss in 2022 to € 7,308 profit in 2025.
Best year ever: 2025, with € 7,308 profit.
Management
Behind M Triple Niner is KRIS MAERTENS. It owns 3.4% of De Groote Fabrieke itself.
Directors
According to the 2025 annual accounts
KRIS MAERTENS
Director
Also active at: M NINER, MAEPO, Demote Vastgoed, DE GROOTE FABRIEKE, VASTMA, Mapi, BLOEMMOLENS
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 NINER same network
€ 12,496 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
- 0536.421.480
- VAT number
- BE 0536.421.480
- Registered office
- Steenberg 4, 9667 Horebeke
- Names & denominations
- M Triple Niner
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 July 2013
- Peppol
- Active · Active since 1 Sept 2026
- Activities · NACE
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Beheer en instandhouding van natuurgebieden
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