M+
0894.920.713 · rovalta.com · 21/09/2026
ACTIVE
Financial year 2025 · closed on 31/12/2025
Net result
-34,2 k €
-148.1% YoY
Gross margin
-16,8 k €
-114.6% YoY
Equity
42,0 k €
-44.9% YoY
Overview
What does M+ do?
M+ is a Private company with limited liability incorporated in 2008. Its main activity is: Buying and selling of own real estate. Its registered office is in Machelen (Brab.).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0894.920.713
Incorporation
15/01/2008
Legal form
Private company with limited liability
Registered office
Drie Lindenstraat 12
1831 Machelen (Brab.) · FlandreSee on map
1831 Machelen (Brab.) · FlandreSee on map
Latest accounts
31/12/2025
Activities (NACE)
Signals
Solid equityLow riskGood liquidity
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Financials
Trend over 17 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||
| Gross margin | -16,8 k € | -115% | 114,9 k € | +309% | 28,1 k € | -36.1% | 43,9 k € | +999% | -4,9 k € | -119% | 25,2 k € | -43.0% | 44,2 k € | -16.6% | 52,9 k € | +830% | 5,7 k € | -78.4% | 26,3 k € | +377% | -9,5 k € | -147% | 20,3 k € | -19.0% | 25,1 k € | +265% | -15,2 k € | -234% | 11,3 k € | -14.2% | 13,2 k € | +64.8% | 8,0 k € |
| EBITDA | -17,2 k € | -115% | 113,0 k € | +335% | 26,0 k € | -40.3% | 43,5 k € | +734% | -6,9 k € | -130% | 23,0 k € | -25.2% | 30,8 k € | -41.2% | 52,3 k € | +914% | 5,2 k € | -80.0% | 25,9 k € | +356% | -10,1 k € | -151% | 19,6 k € | -18.3% | 24,0 k € | +248% | -16,2 k € | -249% | 10,9 k € | -15.5% | 12,8 k € | +77.4% | 7,2 k € |
| Operating result | -33,1 k € | -135% | 95,5 k € | +846% | 10,1 k € | -71.2% | 35,0 k € | +315% | -16,3 k € | -214% | 14,2 k € | -26.2% | 19,3 k € | -56.6% | 44,4 k € | +1752% | -2,7 k € | -114% | 19,4 k € | +225% | -15,6 k € | -191% | 17,2 k € | -17.5% | 20,8 k € | +178% | -26,8 k € | -1111% | 2,7 k € | -75.1% | 10,7 k € | +69.7% | 6,3 k € |
| Net result | -34,2 k € | -148% | 71,2 k € | +1306% | 5,1 k € | -81.5% | 27,4 k € | +256% | -17,6 k € | -278% | 9,9 k € | -3.8% | 10,3 k € | -66.5% | 30,7 k € | +1166% | -2,9 k € | -116% | 17,5 k € | +201% | -17,3 k € | -299% | 8,7 k € | -49.3% | 17,1 k € | +162% | -27,4 k € | -21536% | -126,7 € | -102% | 7,9 k € | +66.9% | 4,7 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||
| Equity | 42,0 k € | -44.9% | 76,2 k € | -4.9% | 80,1 k € | +6.7% | 75,1 k € | +57.6% | 47,6 k € | -27.0% | 65,3 k € | +17.8% | 55,4 k € | +22.7% | 45,1 k € | +212% | 14,5 k € | -16.6% | 17,3 k € | +8911% | -196,8 € | -101% | 17,1 k € | +103% | 8,4 k € | +197% | -8,7 k € | -146% | 18,7 k € | -0.7% | 18,8 k € | +72.3% | 10,9 k € |
| Total assets | 95,0 k € | -55.7% | 214,5 k € | -44.3% | 384,8 k € | +108% | 185,0 k € | +156% | 72,2 k € | -20.9% | 91,3 k € | -10.6% | 102,2 k € | +66.5% | 61,4 k € | +21.2% | 50,6 k € | +9.8% | 46,1 k € | +20.9% | 38,1 k € | -17.0% | 45,9 k € | +90.1% | 24,2 k € | -25.4% | 32,4 k € | -39.9% | 53,9 k € | +63.2% | 33,0 k € | +80.8% | 18,3 k € |
| Cash | 3,8 k € | -93.0% | 54,5 k € | +5723% | 936,6 € | -95.1% | 19,0 k € | +19.6% | 15,9 k € | +347% | 3,6 k € | -92.9% | 50,2 k € | +256% | 14,1 k € | +55.9% | 9,0 k € | -55.1% | 20,2 k € | +72.3% | 11,7 k € | -46.0% | 21,7 k € | +842% | 2,3 k € | -15.3% | 2,7 k € | -78.9% | 12,9 k € | -20.4% | 16,2 k € | +296% | 4,1 k € |
| Debts | 52,9 k € | -61.7% | 138,2 k € | -54.6% | 304,4 k € | +177% | 110,0 k € | +354% | 24,2 k € | -7.1% | 26,1 k € | -43.8% | 46,4 k € | +186% | 16,2 k € | -53.0% | 34,6 k € | +20.2% | 28,8 k € | -25.0% | 38,3 k € | +32.9% | 28,8 k € | +83.3% | 15,7 k € | -61.7% | 41,0 k € | +16.7% | 35,2 k € | +148% | 14,2 k € | +93.5% | 7,3 k € |
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 · 20 ended
Active mandates
Konrad Sliwowski
ActiveEnded mandates
Piotr Tichoniuk
EndedKrystian Korzunowicz
EndedKrystian Korzunowocz
EndedMateusz Hryniewicki
EndedFinancials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Micro model | Micro model | Micro 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 | 31/08/2026 | 04/05/2026 | 30/09/2024 | 30/09/2023 | 16/09/2022 | 28/10/2021 |
| General meeting | 30/06/2026 | 30/06/2025 | 31/05/2024 | 29/09/2023 | 27/05/2022 | 28/05/2021 |
| 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
17 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 30/06/2026 | 31/08/2026 | Dutch | |
| Micro model | 31/12/2024 | 30/06/2025 | 04/05/2026 | Dutch | |
| Micro model | 31/12/2023 | 31/05/2024 | 30/09/2024 | Dutch | |
| Micro model | 31/12/2022 | 29/09/2023 | 30/09/2023 | Dutch | |
| Micro model | 31/12/2021 | 27/05/2022 | 16/09/2022 | Dutch | |
| Micro model | 31/12/2020 | 28/05/2021 | 28/10/2021 | Dutch | |
| Micro model | 31/12/2019 | 22/05/2020 | 05/11/2020 | Dutch | |
| Abridged model | 31/12/2018 | 25/05/2019 | 08/10/2019 | French | |
| Abridged model | 31/12/2017 | 25/05/2018 | 01/10/2018 | French | |
| Micro model | 31/12/2016 | 26/05/2017 | 18/08/2017 | Dutch | |
| Abridged model | 31/12/2015 | 27/05/2016 | 25/08/2016 | Dutch | |
| Abridged model | 31/12/2014 | 29/05/2015 | 28/08/2015 | Dutch | |
| Abridged model | 31/12/2013 | 30/05/2014 | 22/08/2014 | Dutch | |
| Abridged model | 31/12/2012 | 31/05/2013 | 29/08/2013 | Dutch | |
| Abridged model | 31/12/2011 | 25/05/2012 | 21/08/2012 | Dutch | |
| Abridged model | 31/12/2010 | 27/05/2011 | 24/08/2011 | Dutch | |
| Abridged model | 31/12/2009 | 28/05/2010 | 31/08/2010 | 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 · 20 ended
Active mandates
Konrad Sliwowski
ActiveEnded mandates
Piotr Tichoniuk
EndedKrystian Korzunowicz
EndedKrystian Korzunowocz
EndedMateusz Hryniewicki
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates11/09/2019ONTSLAGEN - BENOEMINGEN
- Mandates15/06/2017ONTSLAGEN - BENOEMINGEN
- Mandates20/01/2017ONTSLAGEN - BENOEMINGEN
- Registered office01/12/2015MAATSCHAPPELIJKE ZETEL
- Mandates01/08/2014ONTSLAGEN - BENOEMINGEN
- Mandates10/03/2014ONTSLAGEN - BENOEMINGEN
- Mandates16/12/2013MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
- Mandates24/05/2011MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
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 2025-34,2 k €↓
- 2024Annual accounts 202471,2 k €↑
- 2023Annual accounts 20235,1 k €↓
- 2022Annual accounts 202227,4 k €↑
- 2021Annual accounts 2021-17,6 k €↓
- 2020Annual accounts 20209,9 k €↓
- 2019Annual accounts 201910,3 k €↓
- 2018Annual accounts 201830,7 k €↑
- 2017Annual accounts 2017-2,9 k €↓
- 2016Annual accounts 201617,5 k €↑
- 2015Annual accounts 2015-17,3 k €↓
- 2014Annual accounts 20148,7 k €↓
- 2013Annual accounts 201317,1 k €↑
- 2012Annual accounts 2012-27,4 k €↓
- 2011Annual accounts 2011-126,7 €↓
- 2010Annual accounts 20107,9 k €↑
- 2009Annual accounts 20094,7 k €
- 15/01/2008IncorporationPrivate company with limited liability