Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 31 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
12 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Happy M from Antwerpen, company number BE0647664644, closed financial year 2025 with a result of € -12,792 after tax. For that financial year Happy M recorded a gross margin of € -9,209 and equity of € -103,191. Compared with financial year 2024, the result moved from € -53,355 to € -12,792. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 30, 2026.
€ -103,191
▼ € 12,792 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -12,792
▲ 76 % less loss than in 2024
Profit after tax over the fiscal year.
€ 1,241
▼ 57% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -115,591.
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.
€ 2,764
▲ 57% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -26,360 | € -2,913 | € -13,661 | € -9,209 | ▲ € 4,452 |
| Profit after taxes | € -33,460 | € 30,806 | € -53,355 | € -12,792 | ▲ € 40,563 |
| Equity | € -67,851 | € -37,045 | € -90,399 | € -103,191 | ▼ € 12,792 |
| Total debts | € 121,853 | € 135,288 | € 122,701 | € 148,486 | ▲ 21% |
| Cash | € 9,166 | € 6,940 | € 2,860 | € 1,241 | ▼ 57% |
| Retained profit | € -80,251 | € -49,445 | € -102,799 | € -115,591 | ▼ € 12,792 |
| Balance sheet total | € 54,002 | € 98,243 | € 32,301 | € 45,295 | ▲ 40% |
Key figures of Happy 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 30 April 2027.
What happened to Happy M?
What happened at Happy M in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 12,792. Source: NBB ↗
- New establishment in Antwerpen. KBO
- Manon Liebau became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 33,460 loss in 2022 to € 12,792 loss in 2025.
Paid € 35,759 in corporate taxes since 2022.
Best year ever: 2023, with € 30,806 profit.
A new publication or filing at Happy M? We notify you, reason included.
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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 Happy M is Manon Liebau. Manon Liebau is also behind EC2 vastgoed.
Directors
According to the 2025 annual accounts
since 2016
Establishments
Establishment units
Physical locations of this company
Jordaenskaai 24
2000 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 12 companies are registered at this address.
All companies at this address →Fonds voor Bestaanszekerheid voor de Arbeiders van het Scheepsherstellingsbedrijf der Haven van Antwerpen
INTRACO LTD
€ 60.5 million revenue · 2025
Belcofeed
€ 49.4 million revenue · 2025
GROBEL
€ 4.8 million revenue · 2025
Belgian Golden Trade
€ -50,977 gross margin · 2023
+7 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
- 0647.664.644
- VAT number
- BE 0647.664.644
- Registered office
- Jordaenskaai 24, 2000 Antwerpen
- Names & denominations
- Happy M
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 February 2016
- Peppol
- Active · Active since 11 Feb 2025
- Activities · NACE
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