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 64 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
M CONCEPT from Saint-Ghislain, company number BE0681539321, closed financial year 2024 with a result of € -33,561 after tax. For that financial year M CONCEPT recorded a gross margin of € 56,027 and equity of € 133,606. Compared with financial year 2023, the result moved from € 11,691 to € -33,561. 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 September 24, 2025.
€ 133,606
▼ 20% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -33,561
▼ still € 11,691 profit in 2023
Profit after tax over the fiscal year.
€ 28,061
▼ 65% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 115,006.
People and assets in 2024
€ 47,018
▲ 20% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 54,535
▼ 12% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 272,850
▼ 8% vs 2023
€ 29,407 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 69,501
▲ € 57,159 vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 2,084
▼ 80% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 145,870 | € 175,275 | € 83,964 | € 56,027 | ▼ 33% |
| Profit after taxes | € 46,701 | € 70,452 | € 11,691 | € -33,561 | ▼ € 45,253 |
| Equity | € 135,024 | € 155,476 | € 167,167 | € 133,606 | ▼ 20% |
| Total debts | € 349,157 | € 392,968 | € 385,357 | € 426,953 | ▲ 11% |
| Cash | € 83,871 | € 74,902 | € 79,943 | € 28,061 | ▼ 65% |
| Land & buildings | € 287,045 | € 278,864 | € 270,682 | € 262,500 | ▼ 3% |
| Retained profit | € 116,424 | € 136,876 | € 148,567 | € 115,006 | ▼ 23% |
| Dividend | € 0 | € 50,000 | € 0 | € 0 | |
| Bank debt | € 287,552 | € 245,039 | € 296,442 | € 272,850 | ▼ 8% |
| Balance sheet total | € 484,181 | € 548,444 | € 552,525 | € 560,558 | ▲ 1% |
Key figures of M CONCEPT, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to M CONCEPT?
What happened at M CONCEPT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 33,561 (▼ € 45,253 vs 2023). filed late Source: NBB ↗
- New establishment in Frameries. KBO
- Start of the company according to the CBE. KBO
In short
From € 46,701 profit in 2021 to € 33,561 loss in 2024.
Paid € 33,636 in corporate taxes since 2021.
Best year ever: 2022, with € 70,452 profit.
Paid out € 50,000 in dividends to the owners in total.
Management
Behind M CONCEPT is YNVEST CONCEPT SRL.
Directors
According to the 2024 annual accounts
Director · represented by ANGELIQUE GHANEM
Establishments
Establishment units
Physical locations of this company
Rue O.Lombril(T) 12A
7333 Saint-Ghislain
Rue de la Bergerie 62
7080 Frameries
Active since 19 September 2017
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Hosting
LWS, FR
DNS
OVH DNS
Website info
Features
Security
Details
- Company number
- 0681.539.321
- VAT number
- BE 0681.539.321
- Registered office
- Rue O.Lombril(T) 12A, 7333 Saint-Ghislain
- Names & denominations
- M CONCEPT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 September 2017
- Peppol
- Active · Active since 29 Dec 2025
- Contact
- mconceptcarrelage.be
- Activities · NACE
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