Summary
M & M is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €1.1m and a net result of €72,842. Equity is growing by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 21% of 6155 sector peers (fiscal year 2024). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 6155 sector peers (2024).
NBB · sector comparisonPosition among 6155 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-08-2025, 18 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
18 d late
2023
21 d late
2022
29 d late
2021
25 d late
2020
18 d early
2019
35 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 7 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What changed in the latest annual accounts?What changed Is the workforce growing, and do people stay?Employer check
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, abbreviated schema
Equity
€1.1m▲ 7.0%
2023 · €1.0m
Net result
€72,842▼ 25.4%
2023 · €97,596
Total assets
€5.4m▲ 7.1%
2023 · €5.0m
Solvency
20.2%=
2023 · 20.2%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€493,814
Operating result-€75,332▼ 716%€258,393€55,308▼ 78.6%€233,626▲ 322%-€7,199
Net result-€65,660below the sector's middle half▼ 305%€220,314above the sector's middle half€31,072within the sector's middle half▼ 85.9%€97,596above the sector's middle half▲ 214%€72,842within the sector's middle half▼ 25.4%
Equity€662,472above the sector's middle half▼ 9.0%€882,786above the sector's middle half▲ 33.3%€913,857above the sector's middle half▲ 3.5%€1.0mabove the sector's middle half▲ 10.7%€1.1mwithin the sector's middle half▲ 7.0%
Total assets€4.1mabove the sector's middle half▲ 29.5%€3.8mabove the sector's middle half▼ 8.7%€5.8mabove the sector's middle half▲ 54.3%€5.0mabove the sector's middle half▼ 13.9%€5.4mabove the sector's middle half▲ 7.1%
Debt€3.5m▲ 40.9%€2.9m▼ 16.8%€4.9m▲ 69.9%€4.0m▼ 18.4%€4.3m▲ 7.1%
Working capital-€1.1m▼ 31.3%-€1.0m▲ 9.0%€2,816€50,956▲ 1,709%€433,402▲ 751%
Solvency16.1%below the sector's middle half▼ 6.8pp23.5%within the sector's middle half▲ 7.4pp15.7%below the sector's middle half▼ 7.7pp20.2%below the sector's middle half▲ 4.5pp20.2%below the sector's middle half=
Staff (FTE)1within the sector's middle half=1=1=1=1within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €7,199 after €233,626 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5.4m
Fixed assets
€4.0m ▼ 9.8%
Current assets
€1.4m ▲ 126%
Equity and liabilities €5.4m
Equity
€1.1m ▲ 7.0%
Debt
€4.3m ▲ 7.1%
Debt's share of the balance-sheet total stays at 79.8%.
Key figures and ratios
ROE
6.7%▼
2023 · 9.6%
ROA
1.4%▼
2023 · 2.0%
Debt ≤ 1 year
€970,758▲
2023 · €570,089
Debt > 1 year
€3.3m▼
2023 · €3.4m
Income taxes
€33,211▲
2023 · €28,267
Staff costs
€72,339▲
2023 · €66,448
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €493,814 | - | - |
| Non-recurring operating income76A | - | €31,500 | - | €33,051 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €201,631 | - | - |
| Remuneration, social security and pensions62 | - | €59,754 | €61,592 | €66,448 | €72,339 | ▲ 8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €139,151 | €146,569 | €112,521 | €114,319 | €145,981 | ▲ 27.7% |
| Other operating charges640/8 | - | €19,224 | €52,852 | €8,416 | €9,539 | ▲ 13.3% |
| Gross operating margin9900 | €219,815 | €483,940 | €282,272 | €422,809 | €220,661 | ▼ 47.8% |
| Operating profit (loss)9901 | -€75,332 | €258,393 | €55,308 | €233,626 | -€7,199 | ▼ 103% |
| Financial income75/76B | - | €57,446 | €24,533 | €88,414 | €156,306 | ▲ 76.8% |
| Recurring financial income75 | €49,452 | €57,446 | €24,533 | €88,414 | €108,052 | ▲ 22.2% |
| Non-recurring financial income76B | - | - | - | - | €48,255 | - |
| Financial charges65/66B | - | €33,177 | €29,807 | €196,177 | €43,055 | ▼ 78.1% |
| Recurring financial charges65 | €39,491 | €33,177 | €29,807 | €47,427 | €43,055 | ▼ 9.2% |
| Non-recurring financial charges66B | - | - | - | €148,750 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | -€65,371 | €282,662 | €50,034 | €125,863 | €106,052 | ▼ 15.7% |
| Income taxes67/77 | €289 | €62,348 | €18,962 | €28,267 | €33,211 | ▲ 17.5% |
| Profit (loss) for the period9904 | -€65,660 | €220,314 | €31,072 | €97,596 | €72,842 | ▼ 25.4% |
| Profit (loss) for the period to be appropriated9905 | -€65,660 | €220,314 | €31,072 | €97,596 | €72,842 | ▼ 25.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.1m | €3.8m | €5.8m | €5.0m | €5.4m | ▲ 7.1% |
| Formation expenses20 | - | - | - | €0 | - | - |
| Fixed assets21/28 | €3.8m | €3.4m | €4.3m | €4.4m | €4.0m | ▼ 9.8% |
| Intangible fixed assets21 | - | - | - | €0 | - | - |
| Tangible fixed assets22/27 | €2.9m | €2.3m | €1.8m | €1.9m | €1.7m | ▼ 11.7% |
| Land and buildings22 | - | €2.2m | €1.7m | €1.6m | €1.5m | ▼ 10.1% |
| Plant, machinery and equipment23 | - | €4,927 | €2,829 | €2,920 | €2,587 | ▼ 11.4% |
| Furniture and vehicles24 | - | €53,664 | €118,594 | €274,063 | €216,263 | ▼ 21.1% |
| Financial fixed assets28 | €873,505 | €1.1m | €2.5m | €2.5m | €2.3m | ▼ 8.3% |
| Current assets29/58 | €314,186 | €377,500 | €1.5m | €621,045 | €1.4m | ▲ 126% |
| Stocks and contracts in progress3 | €165,966 | €191,594 | €246,906 | €287,130 | €200,814 | ▼ 30.1% |
| Stocks30/36 | - | €191,594 | €246,906 | €287,130 | €200,814 | ▼ 30.1% |
| Amounts receivable within one year40/41 | €86,281 | €4,926 | €1.2m | €181,468 | €887,790 | ▲ 389% |
| Trade receivables40 | - | €4,926 | €135,383 | €41,910 | €94,414 | ▲ 125% |
| Other amounts receivable41 | - | - | €1.0m | €139,558 | €793,376 | ▲ 468% |
| Cash at bank and in hand54/58 | €31,098 | €150,139 | €81,174 | €152,447 | €315,556 | ▲ 107% |
| Deferred charges and accrued income490/1 | - | €30,841 | €106 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.1m | €3.8m | €5.8m | €5.0m | €5.4m | ▲ 7.1% |
| Equity10/15 | €662,472 | €882,786 | €913,857 | €1.0m | €1.1m | ▲ 7.0% |
| Contributions10/11 | €637,500 | €637,500 | €637,500 | €637,500 | €637,500 | = |
| Capital10 | - | €637,500 | - | - | - | - |
| Issued capital100 | - | €637,500 | - | - | - | - |
| Reserves13 | €131,458 | €131,458 | €131,458 | €131,458 | €131,458 | = |
| Non-distributable reserves130/1 | - | €3,750 | €3,750 | €3,750 | €3,750 | = |
| Legal reserve130 | - | €3,750 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €3,750 | €3,750 | €3,750 | = |
| Distributable reserves133 | - | €127,708 | €127,708 | €127,708 | €127,708 | = |
| Profit (loss) carried forward14 | -€106,486 | €113,828 | €144,899 | €242,495 | €313,400 | ▲ 29.2% |
| Amounts payable17/49 | €3.5m | €2.9m | €4.9m | €4.0m | €4.3m | ▲ 7.1% |
| Amounts payable after more than one year17 | €2.0m | €1.5m | €3.4m | €3.4m | €3.3m | ▼ 3.4% |
| Financial debts170/4 | - | €1.5m | €3.4m | €3.4m | €3.3m | ▼ 3.4% |
| Amounts payable within one year42/48 | €1.5m | €1.4m | €1.5m | €570,089 | €970,758 | ▲ 70.3% |
| Current portion of amounts payable after more than one year42 | - | €151,169 | €145,324 | €185,540 | €173,168 | ▼ 6.7% |
| Financial debts43 | - | - | €1.2m | - | - | - |
| Credit institutions430/8 | - | - | €1.2m | - | - | - |
| Trade debts44 | €173,245 | €70,027 | €67,815 | €37,798 | €68,520 | ▲ 81.3% |
| Suppliers440/4 | - | €70,027 | €67,815 | €37,798 | €68,520 | ▲ 81.3% |
| Taxes, remuneration and social security45 | - | €72,702 | €53,421 | €69,697 | €101,979 | ▲ 46.3% |
| Taxes450/3 | - | €65,959 | €46,406 | €61,867 | €93,593 | ▲ 51.3% |
| Remuneration and social security454/9 | - | €6,743 | €7,015 | €7,830 | €8,385 | ▲ 7.1% |
| Other amounts payable47/48 | - | €1.1m | €28,454 | €277,054 | €627,091 | ▲ 126% |
| Accrued charges and deferred income492/3 | - | €3,031 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€65,660 | €220,314 | €31,072 | €97,596 | €72,842 | ▼ 25.4% |
| + Depreciation and write-downs630 | €139,151 | €146,569 | €112,521 | €114,319 | €145,981 | ▲ 27.7% |
| Operating cash flow (approximation) | €73,491 | €366,883 | €143,592 | €211,915 | €218,822 | ▲ 3.3% |
| Investment in fixed assets (approximation) | - | €276,183 | -€1.0m | -€186,504 | €282,279 | ▲ 251% |
| Change in cash | - | €119,041 | -€68,965 | €71,273 | €163,109 | ▲ 129% |
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
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 18 days late
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
31-12
Financial
Equity above €1mEq €1.0m ▲10.7%
3 profitable years in a row build equity to €1.0m.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Liquidity quadruplescurrent ratio 1.00
Current ratio from 0.27 to 1.00.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-12
Financial
Back to profitnet €220,314
Net result €220,314 after 2 loss-making years.
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€65,660
Net result drops to -€65,660, the lowest in the series; recovery starts the following year.
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
22-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Herentals · 1 establishment unit since 2004
Ground area
1,250 m²
Building footprint
255 m²
Volume, LiDAR
1,231 m³
Parcel 13011A0224/00P000, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
M & M
since 20042.143.953.980
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13011A0224/00P000 | Flanders | 1,250 m² | 1 · 255 m² | 7.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2022 list no shareholders, and no other source names one.
Holdings 2
-
70%
-
50%
Stated earlier (1)
An older source named these holdings; newer accounts no longer list them.
-
100%
According to the 2022 annual accounts of M & M and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
699400P1PJA0GZ5MLC52
Similar companies · same sector, comparable size
FLORIDA
BE 0480.675.976
Oostende · Eq €1,082,659
Impact+
BE 0730.694.565
Brasschaat · Eq €1,082,052
Mazoe
BE 0629.915.822
Zonhoven · Eq €1,082,021
FALCON VENTURES
BE 0766.812.912
Geel · Eq €1,081,836
NACKVET
BE 0553.867.624
Rotselaar · Eq €1,081,374
Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 12,502 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-11-2004
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0869899463
Also
9925:BE0869899463
Registered
26-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.