Financials
Financial year 2025
M-Worx from Gent, company number BE0767610587, closed financial year 2025 with a result of € -7,552 after tax. For that financial year M-Worx recorded a gross margin of € 8,920 and equity of € 1,061. Compared with financial year 2024, the result moved from € 17,534 to € -7,552. The company made a loss. The buffer shrank hard: equity is 88 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 7, 2026.
€ 1,061
▼ 88% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -7,552
▼ still € 17,534 profit in 2024
Profit after tax over the fiscal year.
€ 937
▲ 111% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -439.
People and assets in 2025
€ 451
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 15,710
▼ 54% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 18,777
▼ 49% vs 2024
€ 7,647 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 32,930
▲ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 5,445
▲ 1% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -7,883 | € 43,295 | € 29,695 | € 8,920 | ▼ 70% |
| Profit after taxes | € -39,273 | € 29,023 | € 17,534 | € -7,552 | ▼ € 25,086 |
| Equity | € -37,773 | € -8,750 | € 8,784 | € 1,061 | ▼ 88% |
| Total debts | € 55,224 | € 61,742 | € 74,789 | € 64,350 | ▼ 14% |
| Cash | € 3,558 | € 620 | € 445 | € 937 | ▲ 111% |
| Retained profit | € -39,273 | € -10,250 | € 7,284 | € -439 | ▼ € 7,724 |
| Bank debt | € 15,391 | € 31,537 | € 36,727 | € 18,777 | ▼ 49% |
| Balance sheet total | € 17,451 | € 52,992 | € 83,573 | € 65,411 | ▼ 22% |
Key figures of M-Worx, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to M-Worx?
What happened at M-Worx in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 7,552 (▼ € 25,086 vs 2024). filed late Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 39,273 loss in 2022 to € 7,552 loss in 2025.
Paid € 1,444 in corporate taxes since 2022.
Best year ever: 2023, with € 29,023 profit.
Establishments
Establishment units
Physical locations of this company
Sint-Laurentiuslaan 17
9041 Gent
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0767.610.587
- VAT number
- BE 0767.610.587
- Registered office
- Sint-Laurentiuslaan 17, 9041 Gent
- Names & denominations
- M-Worx
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 April 2021
- Peppol
- Active · Active since 31 Aug 2025
- Activities · NACE
Algemene elektrotechnische installatiewerken