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 3 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
11 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
M80 Capital from Brussel, company number BE0713914852, closed financial year 2025 with a result of € -4 million after tax. Compared with financial year 2024, the result moved from € 597,944 to € -4 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on April 17, 2026.
€ 145.8 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4 million
▼ still € 597,944 profit in 2024
Profit after tax over the fiscal year.
€ 51,560
▼ 95% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.9 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 2.5 million
▼ 27% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 284 days on average.
€ 6,376
▼ 23% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Profit after taxes | € -1,589,785 | € 35,607,539 | € 597,944 | € -3,980,034 | ▼ € 4.6 million |
| Equity | € 121,245,087 | € 141,751,030 | € 146,213,417 | € 145,837,987 | |
| Total debts | € 3,429,801 | € 4,730,159 | € 3,488,868 | € 2,554,531 | ▼ 27% |
| Cash | € 420,578 | € 309,844 | € 999,454 | € 51,560 | ▼ 95% |
| Retained profit | € -10,869,859 | € 1,737,680 | € 2,166,332 | € -1,858,503 | ▼ € 4 million |
| Dividend | € 0 | € 23,000,000 | € 169,292 | € 44,801 | ▼ 74% |
| Bank debt | € 0 | € 2,500,000 | € 0 | € 0 | |
| Balance sheet total | € 124,674,887 | € 146,481,189 | € 149,702,285 | € 148,392,518 | ▼ 1% |
Key figures of M80 Capital, 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 M80 Capital?
What happened at M80 Capital in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 4 million (▼ € 4.6 million vs 2024). Source: NBB ↗
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.6 million loss in 2022 to € 4 million loss in 2025.
Paid € 1,034 in corporate taxes since 2022.
Best year ever: 2023, with € 35.6 million profit.
Paid out € 23.2 million in dividends to the owners in total.
Management
The stake of BELGENEXT, Euro Invest Management comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
M80 CapitalBehind M80 Capital is M80 Partners NV. The shares are held by BELGENEXT (0.7%) and Euro Invest Management (0.5%). It owns 100% of M80 Capital Debt, 88% of Jubilee Street, 77.6% of Theuma Group NV, 60% of Wooden Ships NV, 56.3% of Gerantis and 49.9% of Brunch Co itself.
Directors
According to the 2025 annual accounts
Manager · represented by Peter Maenhout
Also active at: LASER ENGINEERING APPLICATIONS, Wooden Ships, Coxcomb Red, M80 Capital II
Shareholders
0.7%
Participations
100%
88%
77.6%
60%
56.3%
49.9%
Groupe Accès Santé
49.5%
36.4%
Establishments
Establishment units
Physical locations of this company
Livornostraat 158
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 11 companies are registered at this address.
All companies at this address →BALDES
€ 5,796 gross margin · 2025
M80 Partners same network
€ 1.6 million gross margin · 2025
Wooden Ships same network
Coxcomb Red same network
€ 10,528 gross margin · 2025
Liburna
€ 157,604 gross margin · 2025
+6 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
- 0713.914.852
- VAT number
- BE 0713.914.852
- Registered office
- Livornostraat 158, 1000 Brussel
- Names & denominations
- M80 Capital
- Enterprise type
- Rechtspersoon
- Legal form
- Limited partnership
- Legal situation
- Normale toestand
- Start date
- 26 November 2018
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Activiteiten van holdings
Holdings