ACTIVE

M28 Ventures

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Financial year 2025 · Closed on 31/12/2025

Net result48 k €-65,0 %over 1 year
Gross margin57,2 k €-66,0 %over 1 year
Equity213 k €+29,1 %over 1 year

Identity

Source · BCE/KBO

M28 Ventures is a Private limited company incorporated in 2017. Its main activity is: Activities of holding companies. Its registered office is in Woluwe-Saint-Pierre.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0683.940.268
Incorporation
03/11/2017
Legal form
Private limited company
Registered office
Tir aux Pigeons 22
1150 Woluwe-Saint-Pierre · BruxellesSee on map
Contributed capital
500,00 €
Latest accounts
31/12/2025
Joint committees (1)
  • 200
Contacts
1 public detail availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 6 filings

Trend over 6 financial years

20252024202320222021
Income statement
Gross margin57,2 k €168,2 k €85,7 k €71 k €-72,6 k €
EBITDA56,3 k €144,3 k €3,7 k €1,6 k €-91,4 k €
Operating result49,6 k €139,2 k €-414,6 €-1,4 k €-94,4 k €
Net result48 k €136,9 k €417,7 €-2,6 k €-17,9 k €
Balance sheet
Equity213 k €165 k €28,1 k €27,7 k €30,2 k €
Total assets276,3 k €287,9 k €177,9 k €154,5 k €273,3 k €
Cash4,9 k €13,9 k €33,2 k €18,5 k €210,7 k €
Debts59,4 k €112,3 k €149,8 k €126,8 k €243,1 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Vishal PUNAMIYA
Director

Other companies at this address

Tir aux Pigeons 22 1150 Woluwe-Saint-Pierre
CompanyCBE no.
Anaria Consulting● Active
1006.870.589

Full financial information

Source · NBB
202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date31/07/202629/08/202530/08/202431/08/202329/08/202214/06/2021
General meeting30/06/202627/08/202505/06/202407/06/202301/06/202202/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 6 filings
ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202530/06/202631/07/2026DutchPDF
Micro model31/12/202427/08/202529/08/2025DutchPDF
Micro model31/12/202305/06/202430/08/2024DutchPDF
Micro model31/12/202207/06/202331/08/2023DutchPDF
Micro model31/12/202101/06/202229/08/2022DutchPDF
Micro model31/12/202002/06/202114/06/2021DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Vishal PUNAMIYA
Director

Ownership and network

Looking for more information about this company?

Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Registered office23/10/2025
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office02/07/2024
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office01/03/2024
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office03/01/2023
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates28/12/2020
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other16/11/2017
    Oprichting Vennootschap
    PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings6 filings
Mandates
Vishal PUNAMIYA
2017201820192020202120222023202420252026
M28 Ventures
Tir aux Pigeons 22, 1150 Woluwe-Saint-PierreGrote Prijzenlaan 174 bte 7, 1150 Woluwe-Saint-PierreAnnecylaan 22, 1950 Kraainem
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Tir aux Pigeons 22, 1150 Woluwe-Saint-PierreCurrent
accounts 2025
Accounts 2025 · 2026-00373676
Grote Prijzenlaan 174 bte 7, 1150 Woluwe-Saint-Pierre
accounts 2023 → 2024
Accounts 2024 · 2025-00469282
Annecylaan 22, 1950 Kraainem
accounts 2021 → 2022
Accounts 2022 · 2023-00407878

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
M28 VenturesCurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00373676

Events

  1. 2025
    Annual accounts 202548 k €↓
  2. 2024
    Annual accounts 2024136,9 k €↑
  3. 2023
    Annual accounts 2023417,7 €↑
  4. 2022
    Annual accounts 2022-2,6 k €↑
  5. 2021
    Annual accounts 2021-17,9 k €↓
  6. 2020
    Annual accounts 202041,1 k €
  7. 03/11/2017
    IncorporationPrivate limited company