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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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Busy address KBO
66 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
M GROUP from Zaventem, company number BE0690519046, closed financial year 2024 with a result of € 6,890 after tax. For that financial year M GROUP recorded a gross margin of € 7,030 and equity of € 1,396. Compared with financial year 2023, the result moved from € 138 to € 6,890. 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 November 28, 2025.
€ 1,396
▲ € 6,890 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 6,890
▲ € 6,752 vs 2023
Profit after tax over the fiscal year.
€ 1,106
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € -19,604.
People and assets in 2024
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 141
Supplier invoices still open on the last day of the fiscal year.
€ 3,605
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € -2,196 | € -14,787 | € 247 | € 7,030 | ▲ € 6,783 |
| Profit after taxes | € -2,662 | € -14,787 | € 138 | € 6,890 | ▲ € 6,752 |
| Equity | € 9,155 | € -5,632 | € -5,494 | € 1,396 | ▲ € 6,890 |
| Total debts | € 12,990 | € 19,470 | € 6,216 | € 11,845 | ▲ 91% |
| Cash | € 9,498 | € 4,776 | - | € 1,106 | |
| Retained profit | € -11,845 | € -26,632 | € -26,494 | € -19,604 | ▲ € 6,890 |
| Balance sheet total | € 22,144 | € 13,838 | € 722 | € 13,240 | ▲ € 12,518 |
Key figures of M GROUP, 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 GROUP?
What happened at M GROUP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 6,890 (▲ € 6,752 vs 2023). filed late Source: NBB ↗
- Start of the company according to the CBE. KBO
In short
From € 2,662 loss in 2021 to € 6,890 profit in 2024.
Best year ever: 2024, with € 6,890 profit.
Management
Behind M GROUP is Mustafa Akbayir.
Directors
According to the 2024 annual accounts
Mustafa Akbayir
Director
Establishments
Establishment units
Physical locations of this company
Excelsiorlaan 31
1930 Zaventem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 66 companies are registered at this address.
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0690.519.046
- VAT number
- BE 0690.519.046
- Registered office
- Excelsiorlaan 31, 1930 Zaventem
- Names & denominations
- M GROUP
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 February 2018
- Peppol
- Active · Active since 16 Dec 2025