Result
-€92,116 ▼ 139%
The result fell in 2025 from -€38,484 to -€92,116.
M & M PARTNERS
Lifetime
20 annual accounts with figures on one time axis, 23 filings since 2003peak €223,682 (2025)
€223,682▲ 40.7%
lowest -€92,116 (2025)
-€92,116▼ €53,632
peak €453,824 (2025)
€453,824▲ 132%
€2.4m▲ 80.8%
Board3 names since 2017
2 directorsAristotelli ARKOULIS and 1 other
Documentsfilings and deeds
07-07-202624 days before the deadline
2025abbreviated format
Gross margin from €158,990 to €223,682Loss of €92,116Capital increase of €350,000 31-03Equity from €195,940 to €453,824Debts from €1.3m to €2.4mInvestments €1.4m
Key points
from the 2025 annual accountsTurnover
≈ €480,000 estimated
The accounts state no turnover.
Debts
€2.4m 84% of the balance sheet
Financial debts 86%Suppliers 0%Taxes and wages 0%Other 14%
Of this, €336,174 falls due within a year.
Investments
€1.4m 6.9 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 89.1% higher than in 2024.
Filings
23 annual accounts since 2003
Six of the last ten came late. The 2019 accounts came latest: 80 days after the end of the period.
Position in the sector
-€92,116
Lower net result than 88% of companies in real estate. Sector median €9,997 · 11,290 companies.
Equity +132%: capital increase
Checked score
95
Excellent
Financially stronger than 60% of small companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.2%▲ +0.1 percentage points vs 06-2026highest value
08-2026: < 0.1%▼ -0.2 percentage points vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Loss of €92,116, the second in a row (financial year 2025)
Equity €453,824 (16.1% of total assets)
lowers risk
Size: total assets €2.8m
Figures for financial year 2025 (filed on 07-07-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small). It does better than 36% of them on solvency, 84% on liquidity, 25% on profitability and 94% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,507 companies had the same profile as M & M PARTNERS has now. Each dot stands for 7 companies, two years later.
96.4%
were still trading
1.8%
stopped another way
1.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of M & M PARTNERS itself is lower: < 0.1% within 12 months. It rests on far more data about M & M PARTNERS than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,507 companies, not a prediction for M & M PARTNERS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €40,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.73 (1.09 in 2024), below 1. Short-term debt is 11.9% and cash 7.2% of total assets. 83.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 days early
2024
57 days early
2023
63 days early
2022
53 days early
2021
26 days late
2020
27 days late
2019
80 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 9 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 8 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0478205545
Capital increase of €350,000
92 new shares · Permanent representative: ARKOULIS Maris · General meeting of 21-02-2025 · Gazette deed
3 directors reappointed
Stamatios ARKOULIS, Aristotelli ARKOULIS (managing director) and Maris ARKOULIS (managing director) · General meeting of 02-05-2024 · Gazette deed
3 directors reappointed
Stamatios Arkoulis, Aristotelli Arkoulis and Maris ARKOULIS (managing director) · General meeting of 23-03-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| M & M PARTNERS Brussels | €2.8m | €223,682 | 16.1% | - |
| Klima en zonen Schoten | €2.7m | €190,138 | 59.3% | - |
| ImmoValco Ghent | €3.1m | €224,872 | -1.5% | - |
| DEL-INVEST Jabbeke | €2.8m | €282,837 | 46.8% | - |
| BOSSUYT PLANNING Bruges | €3.0m | €263,761 | 42.3% | - |
| GHYDAV Middelkerke | €2.5m | €241,536 | 58.3% | - |
| Family Business Consulting Ath | €2.6m | €184,248 | 14.1% | - |
These companies have the same main activity as M & M PARTNERS: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €2.5m and €3.1m, founded between 2000 and 2004.
Official details
Source: KBO- Status
- Active since 27-08-2002Normal situation
- Activity
- Buying and selling of own real estateNACE 68110
- Establishment unit
- 2.115.080.8421000 Brussels, since 04-11-2002
- Financial year end
- 31 December
- Peppol
- Reachable since 10-12-2025
Annual accounts 2025
- €2.8m▲ 87.4%
- Filing
- Filed on 07-07-2026, 24 days before the end of the filing period
Insights on M & M PARTNERS
M & M PARTNERS files the abbreviated format. That format states no turnover. The gross margin rose from €10,738 in 2006 to €223,682 in 2025.
The balance sheet grew most from 2010 to 2012 through fixed assets, financed with long-term debt.
In May 2024, the Official Gazette published the appointment of Aristotelli ARKOULIS as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about M & M PARTNERS
- What is the company number of M & M PARTNERS?
- The company number of M & M PARTNERS is 0478.205.545. The VAT number is the same number with BE in front: BE 0478.205.545.
- Where is M & M PARTNERS based?
- The registered office is at Stevinstraat 134, 1000 Brussels.Company details
- What does M & M PARTNERS do?
- According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
- What is the legal form of M & M PARTNERS?
- M & M PARTNERS is a public limited company (NV).
- When was M & M PARTNERS founded?
- M & M PARTNERS was founded on 27-08-2002.
- Is M & M PARTNERS still active?
- Yes, M & M PARTNERS is an active enterprise in the KBO register.
- What is the turnover of M & M PARTNERS?
- The turnover in financial year 2025 is ≈ €480,000. This figure is estimated from the gross margin of €223,682 and 33 comparable companies (NACE 681). It probably lies between €300,000 and €1.1m.Financials
- Is M & M PARTNERS profitable?
- In financial year 2025, M & M PARTNERS made a loss of €92,116.
- Where can I find the annual accounts of M & M PARTNERS?
- M & M PARTNERS filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of M & M PARTNERS due?
- M & M PARTNERS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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