M.M.
ActiveSummary
M.M. has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€20,122) and a net result of -€5,977. Equity is shrinking by ~81.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability11▼-1
Solvency4▼-9
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.78 against 0.85 in 2023; short-term debt: 120.4% and cash: 0.6% of total assets), and equity is negative.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
42 d early
2023
39 d early
2022
27 d early
2021
34 d early
2020
97 d late
2019
8 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 9 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€20,122▼ 42.3%
2023 · -€14,145
Total assets
€97,642▼ 19.5%
2023 · €121,277
Net result
-€5,977▲ 8.2%
2023 · -€6,513
Working capital
-€26,197▼ 27.4%
2023 · -€20,565
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€10,115▼ 2,057%-€5,284▲ 47.8%-€9,626▼ 82.2%-€3,714▲ 61.4%-€2,778▲ 25.2%
Net result-€13,061▼ 260%-€8,114▲ 37.9%-€13,677▼ 68.6%-€6,513▲ 52.4%-€5,977▲ 8.2%
Equity€6,294=€6,294=-€7,383-€14,145▼ 91.6%-€20,122▼ 42.3%
Total assets€128,516▼ 23.8%€111,373▼ 13.3%€106,298▼ 4.6%€121,277▲ 14.1%€97,642▼ 19.5%
Debt€122,222▼ 24.7%€105,079▼ 14.0%€113,681▲ 8.2%€135,174▲ 18.9%€117,516▼ 13.1%
Working capital-€1,185▲ 53.8%-€1,139▲ 3.9%-€14,815▼ 1,201%-€20,565▼ 38.8%-€26,197▼ 27.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2,778 in 2024 against €3,714 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €97,642
Fixed assets
€6,323 ▼ 5.2%
Current assets
€91,319 ▼ 20.3%
Key figures and ratios
EBITDA
-€2,433▲
2023 · -€2,950
Cash flow
-€5,632▲
2023 · -€5,749
Solvency
-20.6%▼
2023 · -11.7%
Current ratio
0.78▼
2023 · 0.85
Quick ratio
0.04▼
2023 · 0.20
Debt to equity
-5.84▲
2023 · -9.56
ROA
-6.1%▼
2023 · -5.4%
Interest coverage
-0.80▲
2023 · -1.05
Debt ≤ 1 year
€117,516▼
2023 · €135,174
Income taxes
€158
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,798 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
1.9%
went bankrupt
6.0%
stopped otherwise
90%
still going
A further 2.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,798 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,382 | €940 | - | €764 | €345 | ▼ 54.8% |
| Other operating charges640/8 | €214 | €592 | €348 | €515 | €552 | ▲ 7.2% |
| Gross operating margin9900 | -€8,519 | -€3,752 | -€9,278 | -€2,435 | -€1,881 | ▲ 22.8% |
| Operating profit (loss)9901 | -€10,115 | -€5,284 | -€9,626 | -€3,714 | -€2,778 | ▲ 25.2% |
| Financial income75/76B | - | - | - | €4 | - | - |
| Recurring financial income75 | - | - | - | €4 | - | - |
| Financial charges65/66B | €2,739 | €2,623 | €3,079 | €2,803 | €3,041 | ▲ 8.5% |
| Recurring financial charges65 | €2,739 | €2,623 | €3,079 | €2,803 | €3,041 | ▲ 8.5% |
| Profit (loss) for the period before taxes9903 | -€12,854 | -€7,907 | -€12,705 | -€6,513 | -€5,819 | ▲ 10.7% |
| Income taxes67/77 | €207 | €207 | €972 | - | €158 | - |
| Profit (loss) for the period9904 | -€13,061 | -€8,114 | -€13,677 | -€6,513 | -€5,977 | ▲ 8.2% |
| Profit (loss) for the period to be appropriated9905 | -€13,061 | -€8,114 | -€13,677 | -€6,513 | -€5,977 | ▲ 8.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €128,516 | €111,373 | €106,298 | €121,277 | €97,642 | ▼ 19.5% |
| Fixed assets21/28 | €7,479 | €7,433 | €7,432 | €6,668 | €6,323 | ▼ 5.2% |
| Tangible fixed assets22/27 | €7,479 | €7,433 | €7,432 | €6,668 | €6,323 | ▼ 5.2% |
| Furniture and vehicles24 | €7,479 | €7,433 | €7,432 | €6,668 | €6,323 | ▼ 5.2% |
| Current assets29/58 | €121,037 | €103,940 | €98,866 | €114,609 | €91,319 | ▼ 20.3% |
| Stocks and contracts in progress3 | €92,213 | €86,905 | €86,905 | €86,905 | €86,905 | = |
| Stocks30/36 | €92,213 | €86,905 | €86,905 | €86,905 | €86,905 | = |
| Amounts receivable within one year40/41 | €28,141 | €16,378 | €11,369 | €27,306 | €3,619 | ▼ 86.7% |
| Trade receivables40 | €20,477 | €12,861 | €9,550 | €21,060 | €2,747 | ▼ 87.0% |
| Other amounts receivable41 | €7,664 | €3,517 | €1,819 | €6,246 | €872 | ▼ 86.0% |
| Cash at bank and in hand54/58 | €246 | €173 | €154 | €398 | €568 | ▲ 42.7% |
| Deferred charges and accrued income490/1 | €437 | €484 | €438 | - | €227 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €128,516 | €111,373 | €106,298 | €121,277 | €97,642 | ▼ 19.5% |
| Equity10/15 | €6,294 | €6,294 | -€7,383 | -€14,145 | -€20,122 | ▼ 42.3% |
| Contributions10/11 | €8,676 | €8,676 | €8,676 | €8,676 | €8,676 | = |
| Capital10 | €8,676 | - | - | - | - | - |
| Issued capital100 | €18,592 | - | - | - | - | - |
| Uncalled capital101 | €9,916 | - | - | - | - | - |
| Outside capital11 | - | €8,676 | €8,676 | - | - | - |
| Share premium1100/10 | - | €8,676 | €8,676 | - | - | - |
| Reserves13 | €2,107 | €2,107 | €2,107 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Legal reserve130 | €1,859 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | €248 | €248 | €248 | - | - | - |
| Profit (loss) carried forward14 | -€4,489 | -€4,489 | -€18,166 | -€24,680 | -€30,657 | ▼ 24.2% |
| Provisions and deferred taxes16 | - | - | - | €248 | €248 | = |
| Provisions for liabilities and charges160/5 | - | - | - | €248 | €248 | = |
| Environmental obligations163 | - | - | - | €248 | €248 | = |
| Amounts payable17/49 | €122,222 | €105,079 | €113,681 | €135,174 | €117,516 | ▼ 13.1% |
| Amounts payable within one year42/48 | €122,222 | €105,079 | €113,681 | €135,174 | €117,516 | ▼ 13.1% |
| Financial debts43 | €23,118 | €25,355 | €24,240 | - | €24,523 | - |
| Credit institutions430/8 | €23,118 | €25,355 | €24,240 | - | €24,523 | - |
| Trade debts44 | €1,002 | €519 | - | €281 | - | - |
| Suppliers440/4 | €1,002 | €519 | - | €281 | - | - |
| Taxes, remuneration and social security45 | €2,703 | €2,703 | €2,579 | €2,803 | - | - |
| Taxes450/3 | €2,703 | €2,703 | €2,579 | €2,803 | - | - |
| Other amounts payable47/48 | €95,399 | €76,502 | €86,862 | €132,090 | €92,993 | ▼ 29.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,061 | -€8,114 | -€13,677 | -€6,513 | -€5,977 | ▲ 8.2% |
| + Depreciation and write-downs630 | €1,382 | €940 | - | €764 | €345 | ▼ 54.8% |
| Operating cash flow (approximation) | -€11,679 | -€7,174 | -€13,677 | -€5,749 | -€5,632 | ▲ 2.0% |
| Investment in fixed assets (approximation) | - | -€894 | €1 | €0 | €0 | - |
| Change in cash | - | -€73 | -€19 | €244 | €170 | ▼ 30.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€13,677
Net result drops to -€13,677, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 97 days late
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
07-03
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 219 days late
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 184 days late
2015
10-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 41 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Pajottegem · 2 establishment units since 1981
Ground area
3,496 m²
Building footprint
429 m²
Volume, LiDAR
2,110 m³
2 parcels, Flanders, Wallonia · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Stevelberg 11, 1541 Pajottegem
since 19812.035.021.891
Sint Jozefvest(E) 57, 7850 Enghien
since 19812.035.021.990
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23076B0376/00S000 | Flanders | 3,449 m² | 1 · 392 m² | 8.5 m · 1 fl. |
| 55010C0028/00C000 | Wallonia | 47 m² | 1 · 37 m² | 11.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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The National Bank holds 39 filings for this company, but none with figures Checked can read: the latest, for fiscal year 2024, exists only as a PDF. A size comparison is therefore not possible. These companies share only the sector and the region. Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded01-12-1981
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
47551Retail sale of household furniture
47552Retail sale of lighting equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0422174286
Also
9925:BE0422174286
Registered
31-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.