M29
0726.643.529 · rovalta.com · 22/09/2026
ACTIVE
M29
Financial year 2025 · closed on 31/12/2025
Net result
-9,8 k €
+43.2% YoY
Gross margin
97,7 k €
-20.1% YoY
Equity
1,3 M €
-0.3% YoY
Overview
What does M29 do?
M29 is a Private limited company incorporated in 2019. Its registered office is in Antwerpen.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0726.643.529
Incorporation
12/04/2019
Legal form
Private limited company
Registered office
Lammekensstraat 38
2140 Antwerpen · FlandreSee on map
2140 Antwerpen · FlandreSee on map
Contributed capital
18 000,00 €
Latest accounts
31/12/2025
Signals
Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA
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Financials
Trend over 5 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Gross margin | 97,7 k € | -20.1% | 122,2 k € | +96.1% | 62,3 k € | -74.8% | 247 k € | +13.8% | 217,1 k € |
| EBITDA | 80,4 k € | -26.4% | 109,3 k € | +94.3% | 56,2 k € | -76.9% | 243,1 k € | +14.0% | 213,2 k € |
| Operating result | 36,4 k € | -47.7% | 69,6 k € | +23.8% | 56,2 k € | -76.8% | 242,9 k € | +14.0% | 213 k € |
| Net result | -9,8 k € | +43.2% | -17,3 k € | -367% | 6,5 k € | -96.5% | 183,7 k € | +15.2% | 159,5 k € |
| Balance sheet | |||||||||
| Equity | 1,3 M € | -0.3% | 1,3 M € | -1.3% | 1,3 M € | +0.5% | 1,3 M € | +16.7% | 1,1 M € |
| Total assets | 2,3 M € | +0.0% | 2,3 M € | -12.1% | 2,6 M € | -16.3% | 3,2 M € | -6.3% | 3,4 M € |
| Cash | 14,8 k € | +3174% | 452 € | -99.9% | 332,9 k € | -59.1% | 813,1 k € | -31.6% | 1,2 M € |
| Debts | 1 M € | -1.2% | 1 M € | -23.0% | 1,3 M € | -27.8% | 1,9 M € | -17.6% | 2,3 M € |
| Other | |||||||||
| Workforce | – | 0,0 ETP | 0,0 ETP | – | 0,0 ETP | ||||
Estimate
Indicative valuation
As an indication, this company is worth
between 100 k€ and 250 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 4 ended
Active mandates
Patricius van Hofwegen
ActiveEnded mandates
Patricius van Hofwegen
EndedPatricius van Hofwegen
EndedPatricius van Hofwegen
EndedPatricius van Hofwegen
EndedFinancials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Micro model | Abridged model | Abridged model |
| Start of the financial year | 01/01/2025 | 01/01/2024 | 01/01/2023 | 01/01/2022 | 01/01/2021 | 01/01/2020 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 16/09/2026 | 31/08/2025 | 14/08/2024 | 08/08/2024 | 25/10/2024 | 02/11/2021 |
| General meeting | 31/08/2026 | 30/06/2025 | 13/08/2024 | 30/11/2023 | 17/10/2022 | 27/10/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
10 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 31/08/2026 | 16/09/2026 | Dutch | |
| Abridged model | 31/12/2024 | 30/06/2025 | 31/08/2025 | Dutch | |
| Abridged model | 31/12/2023 | 13/08/2024 | 14/08/2024 | Dutch | |
| Micro modelCorrection | 31/12/2022 | 30/11/2023 | 08/08/2024 | Dutch | |
| Micro model | 31/12/2022 | 30/11/2023 | 06/12/2023 | Dutch | |
| Abridged modelCorrection | 31/12/2021 | 17/10/2022 | 25/10/2024 | Dutch | |
| Abridged model | 31/12/2021 | 17/10/2022 | 29/11/2023 | Dutch | |
| Abridged model | 31/12/2020 | 27/10/2021 | 02/11/2021 | Dutch | |
| Micro modelCorrection | 31/12/2019 | 08/09/2020 | 30/09/2021 | Dutch | |
| Micro model | 31/12/2019 | 08/09/2020 | 09/10/2020 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 100 k€ and 250 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 4 ended
Active mandates
Patricius van Hofwegen
ActiveEnded mandates
Patricius van Hofwegen
EndedPatricius van Hofwegen
EndedPatricius van Hofwegen
EndedPatricius van Hofwegen
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates15/01/2025STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN
- Registered office25/11/2020MAATSCHAPPELIJKE ZETEL - WIJZIGING RECHTSVORM
- Other24/05/2019RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-9,8 k €↑
- 2024Annual accounts 2024-17,3 k €↓
- 2024Name changeM29
- 2023Annual accounts 20236,5 k €↓
- 2022Annual accounts 2022183,7 k €↑
- 2021Annual accounts 2021159,5 k €
- 2021Name changeM29 Projectontwikkeling
- 12/04/2019IncorporationPrivate limited company