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 28 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
M-DESIGN BENELUX from Zedelgem, company number BE0882624675, closed financial year 2024 with a result of € 28,429 after tax. For that financial year M-DESIGN BENELUX recorded a gross margin of € 1.1 million and equity of € 2.7 million. Compared with financial year 2023, the result moved from € 147,214 to € 28,429. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 30, 2025.
€ 2.7 million
▲ 1% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 28,429
▼ 81% vs 2023
Profit after tax over the fiscal year.
€ 2.1 million
▲ € 2.1 million vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 2.7 million.
People and assets in 2024
11.2
▲ 0.7 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 732,564
▲ 6% vs 2023
€ 65,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 4.1 million
▲ € 4 million vs 2023
Of which on lease € 4 million.
Debts at end 2024
€ 4 million
▲ € 4 million vs 2023
€ 358,589 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 15.6 million
▲ 11% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 193,119
▲ 76% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 11,037,603 | € 9,656,878 | € 8,094,219 | - | |
| Gross margin | - | - | - | € 1,050,223 | |
| Profit after taxes | € 723,990 | € 506,370 | € 147,214 | € 28,429 | ▼ 81% |
| Equity | € 2,295,320 | € 2,676,690 | € 2,698,903 | € 2,727,333 | ▲ 1% |
| Total debts | € 8,722,961 | € 11,566,625 | € 14,320,641 | € 19,784,188 | ▲ 38% |
| Cash | € 1,818,914 | € 3,175,907 | € 53,588 | € 2,130,492 | ▲ € 2.1 million |
| Retained profit | € 2,276,720 | € 2,658,090 | € 2,680,303 | € 2,708,733 | ▲ 1% |
| Dividend | € 125,000 | € 125,000 | € 125,000 | € 0 | ▼ 100% |
| Bank debt | € 16,164 | € 10,508 | € 4,799 | € 3,981,910 | ▲ € 4 million |
| Balance sheet total | € 11,593,710 | € 14,769,403 | € 17,208,452 | € 22,511,521 | ▲ 31% |
| Employees (FTE) | 12.7 | 10.4 | 10.5 | 11.2 | ▲ 0.7 |
Key figures of M-DESIGN BENELUX, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to M-DESIGN BENELUX?
What happened at M-DESIGN BENELUX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 28,429 (▼ 81% vs 2023). filed late Source: NBB ↗
- New establishment in Zedelgem. KBO
- Start of the company according to the CBE. KBO
In short
From € 723,990 profit in 2021 to € 28,429 profit in 2024.
Paid € 474,620 in corporate taxes since 2021.
Best year ever: 2021, with € 723,990 profit.
On average € 93,800 of value added per employee in 2024.
A new publication or filing at M-DESIGN BENELUX? 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-DESIGN BENELUX is PMC Engineering BV. It owns Vero Design itself.
Directors
According to the 2024 annual accounts
Director · represented by Bart Goovaerts
Also active at: MARGO DESIGN, VERO DESIGN, W-Design, Zennsana
Establishments
Establishment units
Physical locations of this company
Magerhillestraat 48
8210 Zedelgem
Torhoutsesteenweg 206 box B
8210 Zedelgem
Active since 28 August 2006
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0882.624.675
- VAT number
- BE 0882.624.675
- Registered office
- Magerhillestraat 48, 8210 Zedelgem
- Names & denominations
- M-DESIGN BENELUX
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 July 2006
- Peppol
- Active · Active since 19 Sept 2025
- Activities · NACE
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