Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 6 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
M&S ASSOCIES from Tournai, company number BE0793343402, closed financial year 2025 with a result of € 672,588 after tax. For that financial year M&S ASSOCIES recorded a gross margin of € 1.1 million and equity of € 1.1 million. Compared with financial year 2024, the result moved from € 261,904 to € 672,588. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 28, 2026.
€ 1.1 million
▲ 176% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 672,588
▲ 157% vs 2024
Profit after tax over the fiscal year.
€ 96,660
▲ 253% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 1 million.
People and assets in 2025
€ 91,347
▲ 194% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.5 million
▲ 84% vs 2024
€ 89,913 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 95,797
▲ € 73,786 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 253,831
▲ 182% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 163,727 | € 424,589 | € 1,067,743 | ▲ 151% |
| Profit after taxes | € 80,588 | € 261,904 | € 672,588 | ▲ 157% |
| Equity | € 120,588 | € 382,492 | € 1,055,080 | ▲ 176% |
| Total debts | € 431,235 | € 1,710,939 | € 3,222,169 | ▲ 88% |
| Cash | € 84,955 | € 27,379 | € 96,660 | ▲ 253% |
| Land & buildings | € 409,565 | € 52,341 | - | |
| Retained profit | € 80,588 | € 342,492 | € 1,015,080 | ▲ 196% |
| Bank debt | € 358,007 | € 1,361,344 | € 2,501,045 | ▲ 84% |
| Balance sheet total | € 551,823 | € 2,093,432 | € 4,277,250 | ▲ 104% |
Key figures of M&S ASSOCIES, fiscal years 2023 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&S ASSOCIES?
What happened at M&S ASSOCIES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 672,588 (▲ 157% vs 2024). filed late Source: NBB ↗
- New establishment in Tournai. KBO
- Sébastien DE LEEUW became a director. NBB
- Martin FONTAINE became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 80,588 profit in 2023 to € 672,588 profit in 2025.
Paid € 332,975 in corporate taxes since 2023.
Best year ever: 2025, with € 672,588 profit.
A new publication or filing at M&S ASSOCIES? We notify you, reason included.
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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&S ASSOCIES are Sébastien DE LEEUW and Martin FONTAINE.
Directors
According to the 2025 annual accounts
Sébastien DE LEEUW
Director
since 2022
Martin FONTAINE
Director
since 2022
Establishments
Establishment units
Physical locations of this company
Rue de l'Yser(TOU) 22
7500 Tournai
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.
Website
Technologies
Hosting & Email
Email provider
Google Workspace
Hosting
OVH, FR
Website info
Features
Security
Details
- Company number
- 0793.343.402
- VAT number
- BE 0793.343.402
- Registered office
- Rue de l'Yser(TOU) 22, 7500 Tournai
- Names & denominations
- M&S ASSOCIES
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 November 2022
- Peppol
- Active · Active since 13 Dec 2025
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