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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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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-CUBE from Brussel, company number BE0686849080, closed financial year 2025 with a result of € 19 after tax. For that financial year M-CUBE recorded a gross margin of € 26 and equity of € -17,990. Compared with financial year 2024, the result moved from € -424 to € 19. Profitable, and profit is growing. 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 August 31, 2026.
€ -17,990
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 19
▲ still € 424 loss in 2024
Profit after tax over the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -24,290.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 544
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 | € -1,217 | € -865 | - | € 26 | |
| Profit after taxes | € -4,083 | € -1,154 | € -424 | € 19 | ▲ € 443 |
| Equity | € -16,431 | € -17,585 | € -18,009 | € -17,990 | |
| Total debts | € 20,709 | € 21,860 | € 22,284 | € 22,265 | |
| Cash | € 3 | € 0 | - | - | |
| Retained profit | € -22,731 | € -23,885 | € -24,309 | € -24,290 | |
| Bank debt | € 0 | € 0 | € 19 | € 0 | ▼ 100% |
| Balance sheet total | € 4,278 | € 4,275 | € 4,275 | € 4,275 |
Key figures of M-CUBE, 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-CUBE?
What happened at M-CUBE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 19. filed late Source: NBB ↗
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
- David Godinho Mendes became a director. NBB
- Amaury MEURICE became a director. NBB
In short
From € 4,083 loss in 2022 to € 19 profit in 2025.
Best year ever: 2025, with € 19 profit.
A new publication or filing at M-CUBE? 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 M-CUBE are David Godinho Mendes and Amaury MEURICE. It owns 14.3% of GRAP itself.
Directors
According to the 2025 annual accounts
David Godinho Mendes
Manager
since 2017
Amaury MEURICE
Manager
since 2017
Establishments
Establishment units
Physical locations of this company
Wappersplein 15
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0686.849.080
- VAT number
- BE 0686.849.080
- Registered office
- Wappersplein 15, 1000 Brussel
- Names & denominations
- M-CUBE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 December 2017
- Peppol
- Not registered