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 0 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
M & D Immo from Kruibeke, company number BE0662495548, closed financial year 2025 with a result of € -8,401 after tax. For that financial year M & D Immo recorded a gross margin of € 13,966 and equity of € 49,637. Compared with financial year 2024, the result moved from € 6,979 to € -8,401. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 25, 2026.
€ 49,637
▼ 14% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -8,401
▼ still € 6,979 profit in 2024
Profit after tax over the fiscal year.
€ 127
▲ € 124 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -16,865.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
€ 139,757
▼ 10% vs 2024
€ 16,661 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 23,273 | € 23,291 | € 24,000 | € 13,966 | ▼ 42% |
| Profit after taxes | € 971 | € 802 | € 6,979 | € -8,401 | ▼ € 15,380 |
| Equity | € 50,257 | € 51,059 | € 58,038 | € 49,637 | ▼ 14% |
| Total debts | € 233,201 | € 218,152 | € 197,333 | € 192,185 | ▼ 3% |
| Cash | € 751 | € 177 | € 2 | € 127 | ▲ € 124 |
| Land & buildings | € 192,224 | € 185,303 | € 178,381 | € 171,460 | ▼ 4% |
| Retained profit | € -16,245 | € -15,443 | € -8,464 | € -16,865 | ▼ € 8,401 |
| Bank debt | € 187,810 | € 172,108 | € 156,092 | € 139,757 | ▼ 10% |
| Balance sheet total | € 283,458 | € 269,211 | € 255,371 | € 241,822 | ▼ 5% |
Key figures of M & D Immo, 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 July 2027.
What happened to M & D Immo?
What happened at M & D Immo in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 8,401 (▼ € 15,380 vs 2024). filed late Source: NBB ↗
- New establishment in Kruibeke. KBO
- Start of the company according to the CBE. KBO
- Filip Vermeulen became a director. NBB
In short
From € 971 profit in 2022 to € 8,401 loss in 2025.
Best year ever: 2024, with € 6,979 profit.
Management
Behind M & D Immo is Filip Vermeulen.
Directors
According to the 2025 annual accounts
Filip Vermeulen
Director
since 2016
Establishments
Establishment units
Physical locations of this company
Nieuwe baan 10 B
9150 Kruibeke
Nieuwe baan 10 box B
9150 Kruibeke
Active since 12 September 2016
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0662.495.548
- VAT number
- BE 0662.495.548
- Registered office
- Nieuwe baan 10 B, 9150 Kruibeke
- Names & denominations
- M & D Immo
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 September 2016
- Peppol
- Not registered
- Activities · NACE
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