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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Negative equity NBB
More debt than assets in 2 of the last 2 fiscal years.
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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 26 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
M-Fiber from Gent, company number BE1005791713, closed financial year 2025 with a result of € -23,192 after tax. For that financial year M-Fiber recorded a gross margin of € -21,019 and equity of € -24,848. Compared with financial year 2024, the result moved from € -11,655 to € -23,192. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 13, 2026.
€ -24,848
▼ € 23,192 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -23,192
▼ 99 % more loss than in 2024
Profit after tax over the fiscal year.
€ 3,625
▼ 53% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -34,848.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
€ 6,000
Loans from banks and other lenders, long and short.
€ 2,108
▲ € 1,664 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 8,093
▲ € 6,662 vs 2024
Taxes, VAT and social contributions still to pay.
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € -9,340 | € -21,019 | ▼ € 11,679 |
| Profit after taxes | € -11,655 | € -23,192 | ▼ € 11,537 |
| Equity | € -1,655 | € -24,848 | ▼ € 23,192 |
| Total debts | € 16,926 | € 38,328 | ▲ 126% |
| Cash | € 7,645 | € 3,625 | ▼ 53% |
| Retained profit | € -11,655 | € -34,848 | ▼ € 23,192 |
| Bank debt | € 0 | € 6,000 | |
| Balance sheet total | € 15,271 | € 13,481 | ▼ 12% |
Key figures of M-Fiber, 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.
What happened to M-Fiber?
What happened at M-Fiber in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 23,192. Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 11,655 loss in 2024 to € 23,192 loss in 2025.
Management
Behind M-Fiber is Merlin Desmet.
Directors
According to the 2025 annual accounts
Merlin Desmet
Director
Establishments
Establishment units
Physical locations of this company
Tondelierlaan 8 box 301
9000 Gent
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.
Details
- Company number
- 1005.791.713
- VAT number
- BE 1005.791.713
- Registered office
- Tondelierlaan 8 bus 301, 9000 Gent
- Names & denominations
- M-Fiber
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 February 2024
- Peppol
- Active · Active since 11 Dec 2025
- Activities · NACE
Sanitaire werkzaamheden
Installatie van isolatie
Bouw van civieltechnische werken voor elektriciteit en telecommunicatie
Algemene elektrotechnische installatiewerken
Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires (algemeen assortiment)
Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit
Isolatiewerkzaamheden