Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 16 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
M2V from Veurne, company number BE0883162135, closed financial year 2025 with a result of € -2,940 after tax. For that financial year M2V recorded a gross margin of € 235,027 and equity of € 636,624. Compared with financial year 2024, the result moved from € -58,767 to € -2,940. 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 February 9, 2026.
€ 636,624
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2,940
▲ 95 % less loss than in 2024
Profit after tax over the fiscal year.
€ 42,196
▲ 14% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 618,024.
People and assets in 2025
1
▲ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 67,346
▲ 52% vs 2024
€ 67,300 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.
€ 82,045
▲ 204% vs 2024
Of which on lease € 7,038.
Debts at end 2025
€ 943,234
▼ 2% vs 2024
€ 73,996 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 5,687
▼ 66% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 19,113
▲ 65% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 211,401 | € 301,469 | € 193,446 | € 235,027 | ▲ 21% |
| Profit after taxes | € 62,434 | € 119,478 | € -58,767 | € -2,940 | ▲ € 55,826 |
| Equity | € 601,552 | € 698,331 | € 639,564 | € 636,624 | |
| Total debts | € 1,791,695 | € 1,759,961 | € 1,656,736 | € 1,684,159 | ▲ 2% |
| Cash | € 16,611 | € 101,304 | € 36,980 | € 42,196 | ▲ 14% |
| Land & buildings | € 2,141,952 | € 2,135,600 | € 2,114,559 | € 2,109,278 | |
| Retained profit | € 582,952 | € 679,731 | € 620,964 | € 618,024 | |
| Dividend | € 0 | € 22,700 | € 0 | € 0 | |
| Bank debt | € 1,002,386 | € 1,061,716 | € 967,104 | € 943,234 | ▼ 2% |
| Balance sheet total | € 2,393,247 | € 2,467,109 | € 2,304,849 | € 2,329,066 | ▲ 1% |
| Employees (FTE) | 0.4 | 4 | 0.8 | 1 | ▲ 0.2 |
Key figures of M2V, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to M2V?
What happened at M2V in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 2,940. filed late Source: NBB ↗
- New establishment in Gistel. KBO
- New establishment in Veurne. KBO
- Start of the company according to the CBE. KBO
In short
From € 62,434 profit in 2022 to € 2,940 loss in 2025.
Paid € 38,025 in corporate taxes since 2022.
Best year ever: 2023, with € 119,478 profit.
On average € 235,000 of value added per employee in 2025.
A new publication or filing at M2V? 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
Directors
According to the 2025 annual accounts
Wouter Maeckelberghe
Director
Establishments
Establishment units
Physical locations of this company
Calonnegracht 21
8630 Veurne
Oostendse Baan 74
8470 Gistel
Active since 1 January 2019
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0883.162.135
- VAT number
- BE 0883.162.135
- Registered office
- Calonnegracht 21, 8630 Veurne
- Names & denominations
- M2V
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 August 2006
- Peppol
- Active · Active since 3 Jun 2025
- Activities · NACE
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