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 11 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
M-art 1 from Kortemark, company number BE0798817269, closed financial year 2025 with a result of € -34,959 after tax. For that financial year M-art 1 recorded a gross margin of € 129,232 and equity of € 88,065. Compared with financial year 2024, the result moved from € 3,024 to € -34,959. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 30, 2026.
€ 88,065
▼ 28% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -34,959
▼ still € 3,024 profit in 2024
Profit after tax over the fiscal year.
€ 12,637
▲ 9% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -31,935.
People and assets in 2025
€ 20,352
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 37,958
▼ 23% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.3 million
▲ 3% vs 2024
€ 49,447 is repaid this year. At this pace the long-term loan is gone in ≈ 27 years.
€ 24,716
▼ 69% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 3,953
▼ 80% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € 109,293 | € 129,232 | ▲ 18% |
| Profit after taxes | € 3,024 | € -34,959 | ▼ € 37,982 |
| Equity | € 123,024 | € 88,065 | ▼ 28% |
| Total debts | € 1,710,824 | € 1,676,871 | ▼ 2% |
| Cash | € 11,579 | € 12,637 | ▲ 9% |
| Land & buildings | € 1,611,555 | € 1,584,929 | ▼ 2% |
| Retained profit | € 3,024 | € -31,935 | ▼ € 34,959 |
| Bank debt | € 1,300,344 | € 1,336,105 | ▲ 3% |
| Balance sheet total | € 1,833,847 | € 1,764,936 | ▼ 4% |
Key figures of M-art 1, fiscal years 2024 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-art 1?
What happened at M-art 1 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 34,959 (▼ € 37,982 vs 2024). Source: NBB ↗
- New establishment in Kortemark. KBO
- Annelien Claeys became a director. NBB
- Alex Allaert became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 3,024 profit in 2024 to € 34,959 loss in 2025.
Paid € 27 in corporate taxes since 2024.
Best year ever: 2024, with € 3,024 profit.
A new publication or filing at M-art 1? 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-art 1 are Annelien Claeys and Alex Allaert. Alex Allaert is also behind Leejoo, MAD-ness and DIALEAU.
Establishments
Establishment units
Physical locations of this company
Zarrenstraat 1
8610 Kortemark
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0798.817.269
- VAT number
- BE 0798.817.269
- Registered office
- Zarrenstraat 1, 8610 Kortemark
- Names & denominations
- M-art 1
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 February 2023
- Peppol
- Active · Active since 8 Sept 2026
- Activities · NACE
Kappers- en barbiersactiviteiten
Haarverzorging
Activiteiten van holdings
Holdings