M & M PARTNERS
ActiveM & M PARTNERS has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €454k and a net result of €-92k. Equity is growing by ~18% per year across the filed fiscal years. Its solvency ranks better than 35% of 9195 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability33▼-6
Solvency41▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity short (current ratio 0.73 against 1.09 in 2024; short-term debt: 11.9% and cash: 7.2% of total assets), and 83.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
57 d early
2023
63 d early
2022
53 d early
2021
26 d late
2020
27 d late
2019
80 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-92k▼ 139%
2024 · €-38k
2018: €8k
2019: €-860
2020: €795
2021: €72k
2022: €28k
2023: €25k
2024: €-38k
2018 → 2025
Working capital
€-89k
2024 · €12k
2018: €-126k
2019: €-149k
2020: €-123k
2021: €36k
2022: €80k
2023: €-13k
2024: €12k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€182k-€209k▲ 15.1%€234k▲ 12.0%€196k▼ 16.4%€454k▲ 132%
Operating result€135k-€66k▼ 51.0%€67k▲ 1.6%€10k▼ 85.7%€7k▼ 31.6%
Net result€72k-€28k▼ 61.9%€25k▼ 8.8%€-38k€-92k▼ 139%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 32% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.82M
Fixed assets
€2.57M▲ 89.2%
Current assets
€247k▲ 70.4%
Equity and liabilities €2.82M
Equity
€454k▲ 132%
Debt
€2.36M▲ 80.8%
The debt ratio falls from 87.0% to 83.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€211k▲
2024 · €136k
Cash flow
€113k▲
2024 · €88k
Solvency
16.1%▲
2024 · 13.0%
Current ratio
0.73▼
2024 · 1.09
Quick ratio
0.73▼
2024 · 1.09
Debt / equity
5.21▼
2024 · 6.68
ROE
-20.3%▼
2024 · -19.6%
ROA
-3.3%▼
2024 · -2.6%
Interest coverage
2.15▼
2024 · 2.82
Debt
€2.36M▲
2024 · €1.31M
Debt ≤ 1 year
€336k▲
2024 · €133k
Debt > 1 year
€2.03M▲
2024 · €1.17M
Income taxes
€381▲
2024 · €-11
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.50M€2.82M▲
Fixed assets21/28€1.36M€2.57M▲
Tangible fixed assets22/27€1.36M€2.57M▲
Land and buildings22€1.35M€2.56M▲
Plant, machinery and equipment23€4k€2k▼
Furniture and vehicles24-€3k
Other tangible fixed assets26€4k€10k▲
Current assets29/58€145k€247k▲
Amounts receivable within one year40/41€47k€41k▼
Trade receivables40€4k-
Other amounts receivable41€43k€41k▼
Cash at bank and in hand54/58€96k€202k▲
Deferred charges and accrued income490/1€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€1.50M€2.82M▲
Equity10/15€196k€454k▲
Contributions10/11€62k€412k▲
Capital10€62k€412k▲
Issued capital100€62k€412k▲
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€128k€36k▼
Amounts payable17/49€1.31M€2.36M▲
Amounts payable after more than one year17€1.17M€2.03M▲
Financial debts170/4€1.17M€2.03M▲
Amounts payable within one year42/48€133k€336k▲
Current portion of amounts payable after more than one year42€63k€116k▲
Financial debts43-€8k
Credit institutions430/8-€8k
Trade debts44€738€3k▲
Suppliers440/4€738€3k▲
Taxes, remuneration and social security45€9k€7k▼
Taxes450/3€9k€7k▼
Other amounts payable47/48€60k€202k▲
Accrued charges and deferred income492/3€2k€2k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€126k€205k▲
Other operating charges640/8€23k€12k▼
Gross operating margin9900€159k€224k▲
Operating profit (loss)9901€10k€7k▼
Financial income75/76B€27€84▲
Recurring financial income75€27€84▲
Financial charges65/66B€48k€98k▲
Recurring financial charges65€48k€98k▲
Profit (loss) for the period before taxes9903€-38k€-92k▼
Income taxes67/77€-11€381▲
Profit (loss) for the period9904€-38k€-92k▼
Profit (loss) for the period to be appropriated9905€-38k€-92k▼
Appropriation of the result
Profit (loss) to be appropriated9906€128k€36k▼
Profit (loss) brought forward from the previous period14P€166k€128k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-92k
Net result drops to €-92k, the lowest in the series.
31-12
Financial
Equity above €200kEq €454k ▲132%
Equity rises from €196k to €454k.
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €200kEq €209k ▲15.1%
3 profitable years in a row build equity to €209k.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 26 days late
2021
31-12
Financial
Highest result since 2018net €72k ▲8990%
Operating result €135k, net result €72k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.18
Current ratio from 0.36 to 1.18.
31-12
Financial
Equity above €150kEq €182k ▲65.9%
2 profitable years in a row build equity to €182k.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 27 days late
2020
31-12
Financial
Back to profitnet €795
Net result €795 after one loss-making year.
19-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 80 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 26 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Brussel · 1 establishment unit since 2002
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Stevinstraat 1341000 BrusselGround area
180 m²
Building footprint
179 m²
Volume, LiDAR
1,365 m³
Parcel 21806F0549/00M004, Brussels · tallest building 12.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Stevinstraat 134, 1000 Brussel
since 20022.115.080.842
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21806F0549/00M004 | Brussels | 180 m² | 1 · 179 m² | 12.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,321 companies in sector 68110 we hold annual accounts for 5,382. 3,714 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded27-08-2002
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
70120
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.