ACTIVE

M²

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Financial year 2025 · closed on 31/03/2025

Net result

625,3 k €

-34.5% YoY

Gross margin

872,1 k €

-27.1% YoY

Equity

11,7 M €

+5.7% YoY

Workforce

2,5 ETP

-37.5% YoY

What does M² do?

M² is a Private limited company incorporated in 2001. Its main activity is: Real estate agencies. Its registered office is in Zulte. It employs on average 2,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0474.303.571

Incorporation

13/03/2001

Legal form

Private limited company

Registered office

Linkeroever 39
9870 Zulte · FlandreSee on map

Contributed capital

20 421,37 €

Latest accounts

31/03/2025

Average workforce

2,5 ETP

Activities (NACE)

68310Real estate agencies· main 68311Real estate agencies 70311Activities of head offices; management consultancy activities 82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	872,1 k €	-27.1%	1,2 M €	-37.6%	1,9 M €	+111%	910 k €	-35.8%	1,4 M €	-32.4%	2,1 M €	-3.4%	2,2 M €	+290%	556,8 k €	-0.7%	560,6 k €	+18.9%	471,6 k €	-14.7%	552,8 k €	-62.2%	1,5 M €	+27.6%	1,1 M €	+6.3%	1,1 M €	+40.6%	767,6 k €	+213%	245,1 k €	-77.0%	1,1 M €	+2.1%	1 M €	+50.5%	692,7 k €
EBITDA	639,4 k €	-25.9%	862,6 k €	-46.3%	1,6 M €	+158%	623 k €	-44.1%	1,1 M €	-38.7%	1,8 M €	-4.1%	1,9 M €	+457%	340 k €	-9.2%	374,6 k €	+31.0%	285,9 k €	-21.3%	363,3 k €	-71.2%	1,3 M €	+34.3%	941 k €	+4.5%	900,7 k €	+52.9%	589,2 k €	+272%	158,3 k €	-82.4%	901,6 k €	+5.6%	853,5 k €	+74.7%	488,6 k €
Operating result	615,7 k €	-26.5%	837,5 k €	-47.2%	1,6 M €	+158%	613,8 k €	-44.5%	1,1 M €	-38.8%	1,8 M €	-4.2%	1,9 M €	+464%	334,7 k €	-10.3%	373,3 k €	+32.7%	281,3 k €	-21.5%	358,4 k €	-71.5%	1,3 M €	+34.5%	935,9 k €	+4.5%	895,5 k €	+52.5%	587,4 k €	+273%	157,6 k €	-82.4%	897,6 k €	+5.7%	848,9 k €	+75.3%	484,1 k €
Net result	625,3 k €	-34.5%	954,9 k €	-27.3%	1,3 M €	+143%	541,3 k €	-28.4%	755,8 k €	-30.9%	1,1 M €	-63.4%	3 M €	+831%	320,9 k €	-38.7%	523,4 k €	+76.1%	297,2 k €	+20.8%	246,1 k €	-63.0%	665,7 k €	+55.4%	428,3 k €	+14.8%	373,1 k €	+82.8%	204,1 k €	+1752%	11 k €	-97.3%	415,2 k €	+12.6%	368,8 k €	+170%	136,4 k €
Balance sheet
Equity	11,7 M €	+5.7%	11,1 M €	+9.4%	10,1 M €	+14.9%	8,8 M €	+6.6%	8,3 M €	+10.1%	7,5 M €	+17.1%	6,4 M €	+87.3%	3,4 M €	-50.5%	6,9 M €	+8.2%	6,4 M €	+4.9%	6,1 M €	+4.2%	5,8 M €	-5.4%	6,2 M €	+7.4%	5,7 M €	+6.9%	5,4 M €	+3.9%	5,2 M €	+0.2%	5,2 M €	+8.7%	4,7 M €	+8.4%	4,4 M €
Total assets	16,9 M €	+1.7%	16,6 M €	+7.1%	15,5 M €	+4.4%	14,8 M €	-2.9%	15,3 M €	-5.5%	16,2 M €	+4.5%	15,5 M €	+13.4%	13,6 M €	+2.4%	13,3 M €	+8.1%	12,3 M €	+2.7%	12 M €	-1.6%	12,2 M €	+17.1%	10,4 M €	-4.6%	10,9 M €	+5.7%	10,3 M €	+9.5%	9,4 M €	+0.4%	9,4 M €	+7.4%	8,7 M €	+3.8%	8,4 M €
Cash	740,7 k €	+301%	184,5 k €	-79.7%	907 k €	+13.9%	796,4 k €	+140%	332,1 k €	-64.1%	925,5 k €	-56.8%	2,1 M €	+337%	489,6 k €	-25.8%	659,8 k €	-14.5%	771,8 k €	-23.6%	1 M €	-36.8%	1,6 M €	+212%	512,1 k €	-56.2%	1,2 M €	+640%	158,2 k €	-41.6%	271,1 k €	+10.5%	245,3 k €	+1955%	11,9 k €	-94.1%	201,3 k €
Debts	5,2 M €	-6.3%	5,5 M €	+2.6%	5,4 M €	-10.9%	6 M €	-14.0%	7 M €	-19.0%	8,7 M €	-4.5%	9,1 M €	-11.4%	10,2 M €	+60.2%	6,4 M €	+8.1%	5,9 M €	+0.4%	5,9 M €	-7.0%	6,3 M €	+50.1%	4,2 M €	-18.1%	5,1 M €	+4.4%	4,9 M €	+16.3%	4,2 M €	+0.7%	4,2 M €	+6.4%	4 M €	-1.3%	4 M €
Other
Workforce	2,5 ETP	-37.5%	4,0 ETP	0.0%	4,0 ETP	+25.0%	3,2 ETP	-20.0%	4,0 ETP	0.0%	4,0 ETP	-13.0%	4,6 ETP	+24.3%	3,7 ETP	+23.3%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	-3.2%	3,1 ETP	-11.4%	3,5 ETP	+16.7%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	+3.4%	2,9 ETP	-23.7%	3,8 ETP	-7.3%	4,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 1 active · 6 ended

Active mandates

Luc Taelman

Managing director

Active

Ended mandates

Luc Taelman

Manager · since 15 mars 2011

Ended

Lucien Taelman

Manager · since 20 septembre 2003 · until 15 mars 2011

Ended

Lucien Taelman

Manager · since 20 septembre 2003

Ended

Luc Taelman

Director

Ended

At this address

Other companies at this address

Company	CBE no.
btw-eenheid M2● Active	0698.928.550
B. VERSTRAETEN, ARCHITECTE● Active	1007.118.633
MONOPOLEY● Active	0834.275.917

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	12/09/2025	13/09/2024	18/09/2023	10/10/2022	27/09/2021	08/09/2020
General meeting	06/09/2025	07/09/2024	02/09/2023	03/09/2022	04/09/2021	05/09/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/03/2025	06/09/2025	12/09/2025	Dutch	PDF
Abridged model	31/03/2024	07/09/2024	13/09/2024	Dutch	PDF
Abridged model	31/03/2023	02/09/2023	18/09/2023	Dutch	PDF
Abridged model	31/03/2022	03/09/2022	10/10/2022	Dutch	PDF
Abridged model	31/03/2021	04/09/2021	27/09/2021	Dutch	PDF
Abridged model	31/03/2020	05/09/2020	08/09/2020	Dutch	PDF
Abridged model	31/03/2019	07/09/2019	23/09/2019	Dutch	PDF
Abridged model	31/03/2018	01/09/2018	27/09/2018	Dutch	PDF
Abridged model	31/03/2017	02/09/2017	12/09/2017	Dutch	PDF
Abridged model	31/03/2016	03/09/2016	30/09/2016	Dutch	PDF
Abridged model	31/03/2015	05/09/2015	17/09/2015	Dutch	PDF
Abridged model	31/03/2014	06/09/2014	29/09/2014	Dutch	PDF
Abridged model	31/03/2013	07/09/2013	14/11/2013	Dutch	PDF
Abridged model	31/03/2012	01/09/2012	16/10/2012	Dutch	PDF
Abridged model	31/03/2011	03/09/2011	24/10/2011	Dutch	PDF
Abridged model	31/03/2010	04/09/2010	28/10/2010	Dutch	PDF
Abridged model	30/09/2009	20/03/2010	04/06/2010	Dutch	PDF
Abridged model	30/09/2008	21/03/2009	27/04/2009	Dutch	PDF
Abridged model	30/09/2007	15/03/2008	21/04/2008	Dutch	PDF
Abridged model	30/09/2006	17/03/2007	21/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/03/2025 · 1 active · 6 ended

Active mandates

Luc Taelman

Managing director

Active

Ended mandates

Luc Taelman

Manager · since 15 mars 2011

Ended

Lucien Taelman

Manager · since 20 septembre 2003 · until 15 mars 2011

Ended

Lucien Taelman

Manager · since 20 septembre 2003

Ended

Luc Taelman

Director

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office04/04/2022
MAATSCHAPPELIJKE ZETEL
PDF
Mandates05/11/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares05/02/2018
KAPITAAL - AANDELEN
PDF
Mandates01/04/2011
ONTSLAGEN - BENOEMINGEN
PDF
Registered office23/04/2010
Statutenwijziging - wijziging boekjaar - verplaatsing jaarvergadering
PDF
Capital / shares15/04/2004
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates13/10/2003
ONTSLAGEN - BENOEMINGEN - KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025625,3 k €↓
2024
Annual accounts 2024954,9 k €↓
2023
Annual accounts 20231,3 M €↑
2022
Annual accounts 2022541,3 k €↓
2021
Annual accounts 2021755,8 k €↓
2020
Annual accounts 20201,1 M €↓
2019
Annual accounts 20193 M €↑
2018
Annual accounts 2018320,9 k €↓
2017
Annual accounts 2017523,4 k €↑
2016
Annual accounts 2016297,2 k €↑
2015
Annual accounts 2015246,1 k €↓
2014
Annual accounts 2014665,7 k €↑
2013
Annual accounts 2013428,3 k €↑
2012
Annual accounts 2012373,1 k €↑
2011
Annual accounts 2011204,1 k €↑
2010
Annual accounts 201011 k €↓
2009
Annual accounts 2009415,2 k €↑
2008
Annual accounts 2008368,8 k €↑
2007
Annual accounts 2007136,4 k €
13/03/2001
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

M²

Overview

What does M² do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline