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 17 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MJO from Ardooie, company number BE1003861611, closed financial year 2025 with a result of € 30,637 after tax. For that financial year MJO recorded a gross margin of € 55,387 and equity of € 67,678. Compared with financial year 2024, the result moved from € 32,041 to € 30,637. 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 6, 2026.
€ 67,678
▲ 83% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 30,637
▼ 4% vs 2024
Profit after tax over the fiscal year.
€ 17,459
▼ 12% 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 € 62,678.
People and assets in 2025
€ 439
▼ 36% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 333,928
▼ 15% vs 2024
€ 60,714 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 506
▼ 17% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 41,516
▲ 32% vs 2024
Taxes, VAT and social contributions still to pay.
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € 52,212 | € 55,387 | ▲ 6% |
| Profit after taxes | € 32,041 | € 30,637 | ▼ 4% |
| Equity | € 37,041 | € 67,678 | ▲ 83% |
| Total debts | € 426,681 | € 376,556 | ▼ 12% |
| Cash | € 19,782 | € 17,459 | ▼ 12% |
| Retained profit | € 32,041 | € 62,678 | ▲ 96% |
| Bank debt | € 394,643 | € 333,928 | ▼ 15% |
| Balance sheet total | € 463,722 | € 444,234 | ▼ 4% |
Key figures of MJO, fiscal years 2024 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
Ask about MJO the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
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What happened to MJO?
What happened at MJO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 30,637 (▼ 4% vs 2024). Source: NBB ↗
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- New establishment in Ardooie. KBO
- PIETER LATREZ became a director. NBB
In short
From € 32,041 profit in 2024 to € 30,637 profit in 2025.
Paid € 20,918 in corporate taxes since 2024.
Best year ever: 2024, with € 32,041 profit.
Management
Behind MJO is PIETER LATREZ. It owns 48% of Latrez itself.
Directors
According to the 2025 annual accounts
since 2023
Establishments
Establishment units
Physical locations of this company
Sint-Maartensveldstraat 17
8851 Ardooie
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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.
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- LATREZ Pieter Hannes(oprichter) 100%
Details
- Company number
- 1003.861.611
- VAT number
- BE 1003.861.611
- Registered office
- Sint-Maartensveldstraat 17, 8851 Ardooie
- Names & denominations
- MJO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 December 2023
- Peppol
- Active · Active since 6 Dec 2025
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