Financials
Financial year 2025
M Works from Dentergem, company number BE0805719711, closed financial year 2025 with a result of € -3,084 after tax. For that financial year M Works recorded a gross margin of € 1,341 and equity of € 18,027. Compared with financial year 2024, the result moved from € 11,094 to € -3,084. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 9, 2026.
€ 18,027
▼ 15% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3,084
▼ still € 11,094 profit in 2024
Profit after tax over the fiscal year.
€ 774
▼ 96% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 13,027.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
€ 5,366
€ 3,761 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 2,499
▼ 4% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,987
▼ 32% vs 2024
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 7,368 | € 18,798 | € 1,341 | ▼ 93% |
| Profit after taxes | € 5,016 | € 11,094 | € -3,084 | ▼ € 14,178 |
| Equity | € 10,016 | € 21,111 | € 18,027 | ▼ 15% |
| Total debts | € 10,184 | € 11,353 | € 13,914 | ▲ 23% |
| Cash | € 12,414 | € 21,670 | € 774 | ▼ 96% |
| Land & buildings | - | - | € 13,488 | |
| Retained profit | € 5,016 | € 16,111 | € 13,027 | ▼ 19% |
| Bank debt | € 0 | € 0 | € 5,366 | |
| Balance sheet total | € 20,200 | € 32,464 | € 31,940 | ▼ 2% |
Key figures of M Works, 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 Works?
What happened at M Works in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 3,084 (▼ € 14,178 vs 2024). Source: NBB ↗
- New establishment in Dentergem. KBO
- Start of the company according to the CBE. KBO
- Michiel Toelen became a director. NBB
In short
From € 5,016 profit in 2023 to € 3,084 loss in 2025.
Paid € 4,582 in corporate taxes since 2023.
Best year ever: 2024, with € 11,094 profit.
Management
Behind M Works is Michiel Toelen. Michiel Toelen is also behind Belimco-Mol.
Directors
According to the 2025 annual accounts
since 2023
Establishments
Establishment units
Physical locations of this company
Wakkensesteenweg(Oes) 87
8720 Dentergem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0805.719.711
- VAT number
- BE 0805.719.711
- Registered office
- Wakkensesteenweg(Oes) 87, 8720 Dentergem
- Names & denominations
- M Works
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 September 2023
- Peppol
- Active · Active since 3 Oct 2025
- Activities · NACE
Overige zakelijke dienstverlening, n.e.g.
Ontwikkeling van residentiële bouwprojecten
Overige technische testen en toetsen
Vervaardiging van eetkamer-, zitkamer-, slaapkamer- en badkamermeubelen