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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 2 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
M-EXPRESS from Kuurne, company number BE0862584376, closed financial year 2025 with a result of € -143,316 after tax. For that financial year M-EXPRESS recorded a gross margin of € 686,452 and equity of € 312,767. Compared with financial year 2024, the result moved from € -10,569 to € -143,316. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 29, 2026.
€ 312,767
▼ 33% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -143,316
▼ 1256 % more loss than in 2024
Profit after tax over the fiscal year.
€ 17,571
▲ 86% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -24,521.
People and assets in 2025
€ 549,137
▼ 52% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 787,995
▼ 59% vs 2024
€ 58,168 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 50,208
▼ 91% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 261
▼ € 175,498 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,176,960 | € 1,354,221 | € 1,549,767 | € 686,452 | ▼ 56% |
| Profit after taxes | € 61,006 | € -37,784 | € -10,569 | € -143,316 | ▼ € 132,747 |
| Equity | € 511,872 | € 474,087 | € 463,518 | € 312,767 | ▼ 33% |
| Total debts | € 2,688,016 | € 2,702,953 | € 2,906,805 | € 1,595,003 | ▼ 45% |
| Cash | € 50,886 | € 12,291 | € 9,468 | € 17,571 | ▲ 86% |
| Land & buildings | € 1,989,845 | € 1,953,238 | € 1,912,469 | € 1,881,926 | ▼ 2% |
| Retained profit | € 173,477 | € 135,693 | € 125,124 | € -24,521 | ▼ € 149,645 |
| Bank debt | € 1,813,494 | € 1,748,567 | € 1,908,817 | € 787,995 | ▼ 59% |
| Balance sheet total | € 3,199,888 | € 3,177,040 | € 3,370,323 | € 1,907,770 | ▼ 43% |
| Employees (FTE) | 16 | 19.8 | 22.8 | - |
Key figures of M-EXPRESS, 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-EXPRESS?
What happened at M-EXPRESS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 143,316. filed late Source: NBB ↗
- Roel MAERTENS stepped down as director. NBB
- Jan MAERTENS stepped down as director. NBB
- New establishment in Ingelmunster. KBO
- Start of the company according to the CBE. KBO
In short
From € 61,006 profit in 2022 to € 143,316 loss in 2025.
Paid € 23,099 in corporate taxes since 2022.
Best year ever: 2022, with € 61,006 profit.
On average € 68,000 of value added per employee in 2024.
Management
The stake of EMI Real Estate comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
M-EXPRESSBehind M-EXPRESS is MANAGEMENT DE RUDDER BV. The shares are held by EMI Real Estate (100%).
Directors
According to the 2025 annual accounts
Director · represented by Ignace DE RUDDER
Also active at: VERVOERONDERNEMING MARCEL LAMBERTS EN ZONEN, DESARENT, Transport De Rudder, Warehouse, FRUY IMMO, Mortierhoek
Roel MAERTENS
Director
· until 2025
Jan MAERTENS
Director
· until 2025
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Pieter Verhaeghestraat 24
8520 Kuurne
Industrielaan 3
8770 Ingelmunster
Active since 12 January 2004
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0862.584.376
- VAT number
- BE 0862.584.376
- Registered office
- Pieter Verhaeghestraat 24, 8520 Kuurne
- Names & denominations
- M-EXPRESS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 January 2004
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
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