M&M's
ActiveSummary
M&M's has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €196,202 and a net result of €112,839. Equity is growing by ~16.7% per year across the filed fiscal years. Its solvency ranks better than 34% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability66▲+21
Solvency61▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 1.68 against 1.1 in 2024; short-term debt: 38.2% and cash: 10.6% of total assets), but 63.9% of the assets are financed with debt.
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Signals
Five 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
36.1%
Return on assets
20.8%
Age of the figures
9 mo
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 29-04-2026, 93 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
93 d early
2024
22 d early
2023
7 d late
2022
6 d early
2021
59 d early
2020
30 d late
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 21 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit simulator 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 How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
In the rankings
#5 oldest company in Saint-Georges-sur-Meuse, Professional and technical services sector#6 company by total assets in Saint-Georges-sur-Meuse, Professional and technical services sector#9 company by equity in Saint-Georges-sur-Meuse, Professional and technical services sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€112,839▲ 197%
2024 · €38,017
Working capital
€141,077▲ 611%
2024 · €19,831
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
Line20212022202320242025
Operating result€15,276▼ 54.3%€34,556▲ 126%€103,050▲ 198%€147,916▲ 43.5%€290,956▲ 96.7%
Net result€942▼ 93.2%€14,501▲ 1,439%€605▼ 95.8%€38,017▲ 6,187%€112,839▲ 197%
Equity€59,867▲ 1.6%€74,368▲ 24.2%€74,282▼ 0.1%€97,313▲ 31.0%€196,202▲ 102%
Total assets€346,361▲ 16.3%€316,141▼ 8.7%€388,706▲ 23.0%€408,477▲ 5.1%€542,838▲ 32.9%
Debt€286,494▲ 20.0%€241,773▼ 15.6%€314,424▲ 30.0%€311,164▼ 1.0%€346,636▲ 11.4%
Working capital€32,118€28,433▼ 11.5%€41,334▲ 45.4%€19,831▼ 52.0%€141,077▲ 611%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 97% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €542,838
Fixed assets
€194,571 ▲ 4.3%
Current assets
€348,268 ▲ 57.0%
Equity and liabilities €542,838
Equity
€196,202 ▲ 102%
Debt
€346,636 ▲ 11.4%
Debt's share of the balance-sheet total falls from 76.2% to 63.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€305,451▲
2024 · €159,789
Cash flow
€127,334▲
2024 · €49,890
Current ratio
1.68▲
2024 · 1.10
Debt to equity
1.77▼
2024 · 3.20
ROE
57.5%▲
2024 · 39.1%
ROA
20.8%▲
2024 · 9.3%
Interest coverage
2.51▲
2024 · 1.74
Debt ≤ 1 year
€207,190▲
2024 · €202,011
Debt > 1 year
€75,434▼
2024 · €103,025
Income taxes
€56,427▲
2024 · €17,943
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,792 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% 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 17,792 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2,522 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,565 | €14,347 | €14,347 | €11,873 | €14,495 | ▲ 22.1% |
| Other operating charges640/8 | €3,315 | €5,815 | €4,240 | €2,622 | €6,515 | ▲ 148% |
| Gross operating margin9900 | €33,155 | €54,718 | €121,638 | €162,411 | €311,966 | ▲ 92.1% |
| Operating profit (loss)9901 | €15,276 | €34,556 | €103,050 | €147,916 | €290,956 | ▲ 96.7% |
| Financial charges65/66B | €11,200 | €11,003 | €99,310 | €91,956 | €121,689 | ▲ 32.3% |
| Recurring financial charges65 | €11,200 | €11,003 | €99,310 | €91,956 | €121,689 | ▲ 32.3% |
| Profit (loss) for the period before taxes9903 | €4,075 | €23,553 | €3,740 | €55,960 | €169,266 | ▲ 202% |
| Income taxes67/77 | €3,133 | €9,052 | €3,136 | €17,943 | €56,427 | ▲ 214% |
| Profit (loss) for the period9904 | €942 | €14,501 | €605 | €38,017 | €112,839 | ▲ 197% |
| Profit (loss) for the period to be appropriated9905 | €942 | €14,501 | €605 | €38,017 | €112,839 | ▲ 197% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €346,361 | €316,141 | €388,706 | €408,477 | €542,838 | ▲ 32.9% |
| Fixed assets21/28 | €227,203 | €212,856 | €198,509 | €186,635 | €194,571 | ▲ 4.3% |
| Tangible fixed assets22/27 | €227,203 | €212,856 | €198,509 | €186,635 | €194,571 | ▲ 4.3% |
| Land and buildings22 | €211,406 | €199,037 | €186,668 | €176,773 | €165,641 | ▼ 6.3% |
| Plant, machinery and equipment23 | €15,797 | €13,819 | €11,840 | €9,862 | €12,259 | ▲ 24.3% |
| Furniture and vehicles24 | - | - | - | - | €16,670 | - |
| Current assets29/58 | €119,158 | €103,285 | €190,198 | €221,842 | €348,268 | ▲ 57.0% |
| Amounts receivable within one year40/41 | €96,172 | €87,804 | €167,551 | €199,011 | €281,278 | ▲ 41.3% |
| Trade receivables40 | €22,359 | €13,623 | €93,370 | €124,830 | €207,013 | ▲ 65.8% |
| Other amounts receivable41 | €73,813 | €74,181 | €74,181 | €74,181 | €74,265 | ▲ 0.1% |
| Current investments50/53 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Cash at bank and in hand54/58 | €7,983 | €10,743 | €15,948 | €16,073 | €57,645 | ▲ 259% |
| Deferred charges and accrued income490/1 | €13,003 | €2,738 | €4,699 | €4,758 | €7,344 | ▲ 54.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €346,361 | €316,141 | €388,706 | €408,477 | €542,838 | ▲ 32.9% |
| Equity10/15 | €59,867 | €74,368 | €74,282 | €97,313 | €196,202 | ▲ 102% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €29,820 | €44,321 | €43,631 | €68,328 | €167,217 | ▲ 145% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €27,960 | €42,461 | €41,771 | €66,468 | €165,357 | ▲ 149% |
| Profit (loss) carried forward14 | €23,846 | €23,846 | €24,451 | €22,785 | €22,785 | = |
| Amounts payable17/49 | €286,494 | €241,773 | €314,424 | €311,164 | €346,636 | ▲ 11.4% |
| Amounts payable after more than one year17 | €198,670 | €166,561 | €133,157 | €103,025 | €75,434 | ▼ 26.8% |
| Financial debts170/4 | €198,670 | €166,561 | €133,157 | €103,025 | €75,434 | ▼ 26.8% |
| Amounts payable within one year42/48 | €87,040 | €74,852 | €148,863 | €202,011 | €207,190 | ▲ 2.6% |
| Current portion of amounts payable after more than one year42 | €30,866 | €32,108 | €33,404 | €37,643 | €27,591 | ▼ 26.7% |
| Trade debts44 | €15,591 | €6,492 | €12,792 | €3,935 | €36,052 | ▲ 816% |
| Suppliers440/4 | €15,591 | €6,492 | €12,792 | €3,935 | €36,052 | ▲ 816% |
| Taxes, remuneration and social security45 | €23,856 | €26,592 | €14,761 | €79,861 | €25,471 | ▼ 68.1% |
| Taxes450/3 | €23,856 | €26,592 | €14,761 | €79,861 | €25,471 | ▼ 68.1% |
| Remuneration and social security454/9 | - | - | - | - | €0 | - |
| Other amounts payable47/48 | €16,726 | €9,660 | €87,906 | €80,572 | €118,076 | ▲ 46.5% |
| Accrued charges and deferred income492/3 | €785 | €360 | €32,404 | €6,127 | €64,012 | ▲ 945% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €942 | €14,501 | €605 | €38,017 | €112,839 | ▲ 197% |
| + Depreciation and write-downs630 | €14,565 | €14,347 | €14,347 | €11,873 | €14,495 | ▲ 22.1% |
| Operating cash flow (approximation) | €15,507 | €28,848 | €14,952 | €49,890 | €127,334 | ▲ 155% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€22,431 | - |
| Change in cash | - | €2,760 | €5,205 | €125 | €41,573 | ▲ 33,254% |
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
Next filing, fiscal year 2026, expected by
2026
24-08
State Gazette act
Incorporation · Founder
Founding capital · Name clause
14-07
State Gazette act
Incorporation · Founder
Founding capital · Bank account
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €112,839 ▲197%
Operating result €290,956, net result €112,839, both a record.
31-12
Financial
Equity above €150,000Eq €196,202 ▲102%
8 profitable years in a row build equity to €196,202.
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
07-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 7 days late
2023
31-12
Financial
Weakest financial yearnet €605 ▼95.8%
Net result drops to €605, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
02-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
10-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Saint-Georges-sur-Meuse · 1 establishment unit since 2008
Ground area
4,562 m²
Building footprint
172 m²
Parcel 64065B0134/00B000, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Rue Tincelle 7A, 4470 Saint-Georges-sur-Meuse
since 20082.174.025.762
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64065B0134/00B000 | Wallonia | 4,562 m² | 1 · 172 m² | - |
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.
Recognitions · licences · registrations
Legal Entity Identifier
2549004BVCQZXB1K8F17
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 40,135 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
Founded10-10-2008
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68201Renting and operating of own or leased residential real estate, excluding social housing
Contact
Phone
04 330 30 30Saint-Georges-sur-Meuse
E-invoicing
Reachable via Peppol
Peppol ID
0208:0807030003
Also
9925:BE0807030003
Registered
09-04-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.