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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 7 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
M2B from Stabroek, company number BE0770982526, closed financial year 2025 with a result of € -430,459 after tax. For that financial year M2B recorded a gross margin of € -115,572 and equity of € -791,593. Compared with financial year 2024, the result moved from € -216,061 to € -430,459. The company made a loss. 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 September 22, 2026.
€ -791,593
▼ € 430,459 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -430,459
▼ 99 % more loss than in 2024
Profit after tax over the fiscal year.
€ 135,149
▼ 17% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -792,593.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 3.4 million
▼ 32% vs 2024
€ 119,739 is repaid this year. At this pace the long-term loan is gone in ≈ 29 years.
€ 7,794
▲ 68% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 12,120 | € 27,142 | € 87,348 | € -115,572 | ▼ € 202,920 |
| Profit after taxes | € -18,145 | € -127,928 | € -216,061 | € -430,459 | ▼ € 214,397 |
| Equity | € -17,145 | € -145,073 | € -361,134 | € -791,593 | ▼ € 430,459 |
| Total debts | € 2,757,083 | € 4,953,235 | € 7,835,992 | € 6,482,406 | ▼ 17% |
| Cash | € 457,635 | € 124,413 | € 161,965 | € 135,149 | ▼ 17% |
| Land & buildings | € 2,179,997 | € 4,240,285 | € 6,637,401 | € 5,199,538 | ▼ 22% |
| Retained profit | € -18,145 | € -146,073 | € -362,134 | € -792,593 | ▼ € 430,459 |
| Bank debt | € 1,675,000 | € 3,309,500 | € 5,035,317 | € 3,430,278 | ▼ 32% |
| Balance sheet total | € 2,739,938 | € 4,808,162 | € 7,474,858 | € 5,690,813 | ▼ 24% |
Key figures of M2B, 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 M2B?
What happened at M2B in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 430,459. filed late Source: NBB ↗
- New establishment in Stabroek. KBO
- Stijn Mertens became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 18,145 loss in 2022 to € 430,459 loss in 2025.
Paid € 27 in corporate taxes since 2022.
Management
Behind M2B is Stijn Mertens.
Directors
According to the 2025 annual accounts
Stijn Mertens
Director
since 2021
Establishments
Establishment units
Physical locations of this company
Dorpsstraat 108
2940 Stabroek
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0770.982.526
- VAT number
- BE 0770.982.526
- Registered office
- Dorpsstraat 108, 2940 Stabroek
- Names & denominations
- M2B
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 July 2021
- Peppol
- Active · Active since 11 Nov 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen