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 41 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
M&M SHIPPING from Antwerpen, company number BE0817254395, closed financial year 2025 with a result of € 331,488 after tax. For that financial year M&M SHIPPING recorded a gross margin of € 712,021 and equity of € 2.8 million. Compared with financial year 2024, the result moved from € 172,822 to € 331,488. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 11, 2026.
€ 2.8 million
▲ 13% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 331,488
▲ 92% vs 2024
Profit after tax over the fiscal year.
€ 676,486
▲ 6% 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 € 1.8 million.
Debts at end 2025
€ 2 million
▼ 18% vs 2024
€ 430,000 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 1,075
Supplier invoices still open on the last day of the fiscal year.
€ 23,046
▼ 31% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 850,873 | € 942,492 | € 897,711 | - | |
| Gross margin | € 839,846 | € 927,555 | € 885,676 | € 712,021 | ▼ 20% |
| Profit after taxes | € 175,836 | € 198,582 | € 172,822 | € 331,488 | ▲ 92% |
| Equity | € 2,101,667 | € 2,300,248 | € 2,473,070 | € 2,804,558 | ▲ 13% |
| Total debts | € 5,974,638 | € 5,484,193 | € 5,082,476 | € 4,088,265 | ▼ 20% |
| Cash | € 2,369,551 | € 962,797 | € 635,370 | € 676,486 | ▲ 6% |
| Retained profit | € 1,101,667 | € 1,300,248 | € 1,473,070 | € 1,804,558 | ▲ 23% |
| Bank debt | € 3,516,667 | € 2,940,000 | € 2,380,000 | € 1,950,000 | ▼ 18% |
| Balance sheet total | € 8,076,304 | € 7,784,441 | € 7,555,546 | € 6,892,823 | ▼ 9% |
| Employees (FTE) | - | 0.8 | 0.8 | - |
Key figures of M&M SHIPPING, 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 M&M SHIPPING?
What happened at M&M SHIPPING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 331,488 (▲ 92% vs 2024). Source: NBB ↗
- Compagnie Fluviale De Transport became a director. NBB
- Leopold Maes became a director. NBB
- Gisèle Buelens became a director. NBB
- Matthieu Blanc became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Antwerpen. KBO
In short
From € 175,836 profit in 2022 to € 331,488 profit in 2025.
Paid € 306,656 in corporate taxes since 2022.
Best year ever: 2025, with € 331,488 profit.
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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&M SHIPPING are Compagnie Fluviale De Transport, Leopold Maes, Gisèle Buelens and Matthieu Blanc. Leopold Maes is also behind Deltatransport, Victrol, Antwerp pontoon services, VICTROL CHARTERING and Algemeen Verzekeringsagentschap. Gisèle Buelens is also behind Deltatransport, Victrol, Antwerp pontoon services, VICTROL CHARTERING and Algemeen Verzekeringsagentschap.
Directors
According to the 2025 annual accounts
Compagnie Fluviale De Transport
Director · represented by Pascal Girardet
since 2023
Leopold Maes
Director
Also active at: Deltatransport, Victrol, Antwerp pontoon services, VICTROL CHARTERING, Algemeen Verzekeringsagentschap
since 2023
Gisèle Buelens
Director
Also active at: Deltatransport, Victrol, Antwerp pontoon services, VICTROL CHARTERING, Algemeen Verzekeringsagentschap
since 2023
Matthieu Blanc
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Elzasweg 13 B
2030 Antwerpen
Elzasweg 13 box B
2030 Antwerpen
Active since 17 July 2009
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Microsoft 365
Hosting
DSTNY-BACKBONE International Backbone, BE
Website info
Features
Security
Details
- Company number
- 0817.254.395
- VAT number
- BE 0817.254.395
- Registered office
- Elzasweg 13 B, 2030 Antwerpen
- Names & denominations
- M&M SHIPPING
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 July 2009
- Peppol
- Active · Active since 25 Nov 2025
- Contact
- victrol.be
- Activities · NACE
Diensten in verband met vervoer over water