Financials
Financial year 2025
M-Squared from Sint-Niklaas, company number BE0719728023, closed financial year 2025 with a result of € 50,179 after tax. For that financial year M-Squared recorded a gross margin of € 210,432 and equity of € 123,195. Compared with financial year 2024, the result moved from € 15,180 to € 50,179. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 1, 2026.
€ 123,195
▲ 60% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 50,179
▲ 231% vs 2024
Profit after tax over the fiscal year.
€ 25,317
▼ 7% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 4,000 paid out
8 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 62,733
▼ 9% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 94,210
▼ 1% vs 2024
Of which on lease € 69,290.
Debts at end 2025
€ 112,842
▼ 19% vs 2024
€ 33,962 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 14,021
▼ 25% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 9,222
▲ 105% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 56,986 | € 117,299 | € 145,978 | € 210,432 | ▲ 44% |
| Profit after taxes | € 22,974 | € 37,281 | € 15,180 | € 50,179 | ▲ 231% |
| Equity | € 27,932 | € 63,553 | € 77,015 | € 123,195 | ▲ 60% |
| Total debts | € 90,179 | € 152,062 | € 177,436 | € 150,707 | ▼ 15% |
| Cash | € 5,280 | € 15,066 | € 27,117 | € 25,317 | ▼ 7% |
| Retained profit | € 26,932 | € 62,553 | € 76,015 | € 122,195 | ▲ 61% |
| Dividend | € 1,600 | € 1,660 | € 1,718 | € 4,000 | ▲ 133% |
| Bank debt | € 57,219 | € 93,672 | € 139,737 | € 112,842 | ▼ 19% |
| Balance sheet total | € 118,111 | € 215,615 | € 254,452 | € 273,901 | ▲ 8% |
Key figures of M-Squared, 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-Squared?
What happened at M-Squared in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 50,179 (▲ 231% vs 2024). Source: NBB ↗
- New establishment in Sint-Niklaas. KBO
- Maarten Geleyn became a director. NBB
- Mathieu Snoeck became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 22,974 profit in 2022 to € 50,179 profit in 2025.
Paid € 34,740 in corporate taxes since 2022.
Best year ever: 2025, with € 50,179 profit.
Paid out € 8,978 in dividends to the owners in total.
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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-Squared are Maarten Geleyn and Mathieu Snoeck.
Directors
According to the 2025 annual accounts
Maarten Geleyn
Director
since 2019
Mathieu Snoeck
Director
since 2019
Establishments
Establishment units
Physical locations of this company
Leestraat 13
9112 Sint-Niklaas
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0719.728.023
- VAT number
- BE 0719.728.023
- Registered office
- Leestraat 13, 9112 Sint-Niklaas
- Names & denominations
- M-Squared
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 January 2019
- Peppol
- Active · Active since 22 Aug 2025
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