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 21 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
M11 from Drogenbos, company number BE0834540686, closed financial year 2025 with a result of € 10,468 after tax. For that financial year M11 recorded a gross margin of € 82,757 and equity of € 84,685. Compared with financial year 2024, the result moved from € 40,954 to € 10,468. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 24, 2026.
€ 84,685
▲ 14% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 10,468
▼ 74% vs 2024
Profit after tax over the fiscal year.
€ 23,726
▼ 83% 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 € 46,085.
Debts at end 2025
€ 60,059
▼ 11% vs 2024
€ 7,743 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 138
▼ 97% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,563
▲ 29% 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 | |
|---|---|---|---|---|---|
| Gross margin | € 30,648 | € 53,601 | € 76,212 | € 82,757 | ▲ 9% |
| Profit after taxes | € -2,012 | € 23,684 | € 40,954 | € 10,468 | ▼ 74% |
| Equity | € 9,580 | € 33,263 | € 74,217 | € 84,685 | ▲ 14% |
| Total debts | € 254,404 | € 242,808 | € 249,366 | € 367,753 | ▲ 47% |
| Cash | € 93,840 | € 94,428 | € 141,541 | € 23,726 | ▼ 83% |
| Land & buildings | € 149,864 | € 144,190 | € 125,382 | € 378,659 | ▲ 202% |
| Retained profit | € -29,020 | € -5,337 | € 35,617 | € 46,085 | ▲ 29% |
| Bank debt | € 81,975 | € 74,882 | € 67,579 | € 60,059 | ▼ 11% |
| Balance sheet total | € 263,983 | € 276,072 | € 323,583 | € 452,438 | ▲ 40% |
Key figures of M11, 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 M11?
What happened at M11 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 10,468 (▼ 74% vs 2024). Source: NBB ↗
- New establishment in Drogenbos. KBO
- Marjolijn Dijkman became a director. NBB
- Maarten Vanden Eynde became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 2,012 loss in 2022 to € 10,468 profit in 2025.
Paid € 4,502 in corporate taxes since 2022.
Best year ever: 2024, with € 40,954 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 M11 are Marjolijn Dijkman and Maarten Vanden Eynde.
Directors
According to the 2025 annual accounts
Marjolijn Dijkman
Director
since 2011
Maarten Vanden Eynde
Director
since 2011
Establishments
Establishment units
Physical locations of this company
Sterstraat 10
1620 Drogenbos
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0834.540.686
- VAT number
- BE 0834.540.686
- Registered office
- Sterstraat 10, 1620 Drogenbos
- Names & denominations
- M11
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 March 2011
- Peppol
- Active · Active since 30 Jan 2026
- Activities · NACE
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