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 26 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
M-FORCE from Gent, company number BE0797700086, closed financial year 2025 with a result of € 43,371 after tax. For that financial year M-FORCE recorded a gross margin of € 88,801 and equity of € 68,065. Compared with financial year 2024, the result moved from € 19,695 to € 43,371. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 11, 2025.
€ 68,065
▲ 176% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 43,371
▲ 120% vs 2024
Profit after tax over the fiscal year.
€ 28,118
▲ € 24,224 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 € 63,065.
People and assets in 2025
€ 4,853
▲ 13% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.1 million
▲ 269% vs 2024
€ 98,675 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 1,895
▼ 11% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 28,811
▲ 165% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € 82,488 | € 88,801 | ▲ 8% |
| Profit after taxes | € 19,695 | € 43,371 | ▲ 120% |
| Equity | € 24,695 | € 68,065 | ▲ 176% |
| Total debts | € 377,660 | € 1,169,114 | ▲ 210% |
| Cash | € 3,894 | € 28,118 | ▲ € 24,224 |
| Land & buildings | € 377,099 | € 365,436 | ▼ 3% |
| Retained profit | € 19,695 | € 63,065 | ▲ 220% |
| Bank debt | € 287,846 | € 1,060,869 | ▲ 269% |
| Balance sheet total | € 402,355 | € 1,237,180 | ▲ 207% |
Key figures of M-FORCE, fiscal years 2024 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 October 2026.
What happened to M-FORCE?
What happened at M-FORCE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 43,371 (▲ 120% vs 2024). Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 19,695 profit in 2024 to € 43,371 profit in 2025.
Paid € 19,726 in corporate taxes since 2024.
Best year ever: 2025, with € 43,371 profit.
Management
Behind M-FORCE is Emiel SLOCK. It owns 10% of MASTERBULK itself.
Directors
According to the 2025 annual accounts
Emiel SLOCK
Director
Also active at: M-SOURCE, MASTERBULK, INTERFACE LOGISTICS, SIEN INVESTMENT COMPANY, STIJN DE CORTE TRANS
Establishments
Establishment units
Physical locations of this company
Waalkens 10
9030 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0797.700.086
- VAT number
- BE 0797.700.086
- Registered office
- Waalkens 10, 9030 Gent
- Names & denominations
- M-FORCE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 January 2023
- Peppol
- Active · Active since 25 Nov 2025
- Activities · NACE
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