M & M SERVICES
InactiveM & M SERVICES was declared bankrupt on 28-06-2024 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 28-01-2025, published in the Belgian State Gazette on 05-02-2025.
Summary
Inactive; last annual accounts for fiscal year 2017.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2017. Since then, 8 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2018 close31-07-2019 deadline30-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2017 was due by 31-07-2018 and was filed on 18-09-2018, 49 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
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
tick = median of all Belgian filings
The Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2017, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€12,986▼ 44.7%
2016 · €23,464
Working capital
€281,562▲ 5.1%
2016 · €267,917
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20132014201520162017
Operating result€49,430-€50,728▲ 2.6%€33,206▼ 34.5%€20,631▼ 37.9%€13,110▼ 36.5%
Net result€42,703-€53,141▲ 24.4%€49,949▼ 6.0%€23,464▼ 53.0%€12,986▼ 44.7%
Equity€142,116-€195,257▲ 37.4%€245,206▲ 25.6%€268,671▲ 9.6%€281,657▲ 4.8%
Total assets€157,537-€237,372▲ 50.7%€287,746▲ 21.2%€323,199▲ 12.3%€370,880▲ 14.8%
Debt€15,421-€42,115▲ 173%€42,540▲ 1.0%€54,529▲ 28.2%€89,223▲ 63.6%
Working capital€141,308-€194,800▲ 37.9%€244,539▲ 25.5%€267,917▲ 9.6%€281,562▲ 5.1%
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2017 is 36% below 2016 and is the lowest result in the available series.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €370,880
Fixed assets
€95 ▼ 87.4%
Current assets
€370,785 ▲ 15.0%
Equity and liabilities €370,880
Equity
€281,657 ▲ 4.8%
Debt
€89,223 ▲ 63.6%
Debt's share of the balance-sheet total rises from 16.9% to 24.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€13,769▼
2016 · €20,841
Cash flow
€13,645▼
2016 · €23,675
Current ratio
4.16▼
2016 · 5.91
ROE
4.6%▼
2016 · 8.7%
ROA
3.5%▼
2016 · 7.3%
Debt ≤ 1 year
€89,223▲
2016 · €54,529
Income taxes
€24,182▲
2016 · €20,792
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,165 | €352 | €492 | €210 | €658 | ▲ 213% |
| Gross operating margin9900 | €60,718 | €52,217 | €33,857 | €20,841 | €19,198 | ▼ 7.9% |
| Operating profit (loss)9901 | €49,430 | €50,728 | €33,206 | €20,631 | €13,110 | ▼ 36.5% |
| Recurring financial income75 | €9,524 | €14,730 | €18,480 | €25,357 | €28,767 | ▲ 13.4% |
| Recurring financial charges65 | €2,349 | €2,317 | €1,737 | €1,731 | €4,710 | ▲ 172% |
| Profit (loss) for the period before taxes9903 | €56,604 | €63,141 | €49,949 | €44,257 | €37,168 | ▼ 16.0% |
| Income taxes67/77 | €13,901 | €10,000 | - | €20,792 | €24,182 | ▲ 16.3% |
| Profit (loss) for the period9904 | €42,703 | €53,141 | €49,949 | €23,464 | €12,986 | ▼ 44.7% |
| Profit (loss) for the period to be appropriated9905 | €42,703 | €53,141 | €49,949 | €23,464 | €12,986 | ▼ 44.7% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €157,537 | €237,372 | €287,746 | €323,199 | €370,880 | ▲ 14.8% |
| Fixed assets21/28 | €809 | €457 | €667 | €753 | €95 | ▼ 87.4% |
| Tangible fixed assets22/27 | €714 | €362 | €572 | €658 | - | - |
| Financial fixed assets28 | €95 | €95 | €95 | €95 | €95 | = |
| Current assets29/58 | €156,729 | €236,915 | €287,079 | €322,446 | €370,785 | ▲ 15.0% |
| Amounts receivable within one year40/41 | €145,250 | €219,472 | €281,410 | €321,965 | €14,889 | ▼ 95.4% |
| Cash at bank and in hand54/58 | €5,726 | €9,559 | - | €481 | €24 | ▼ 95.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €157,537 | €237,372 | €287,746 | €323,199 | €370,880 | ▲ 14.8% |
| Equity10/15 | €142,116 | €195,257 | €245,206 | €268,671 | €281,657 | ▲ 4.8% |
| Contributions10/11 | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | = |
| Reserves13 | €2,587 | €2,587 | €2,587 | €2,587 | €1,900 | ▼ 26.6% |
| Profit (loss) carried forward14 | €120,529 | €173,670 | €223,619 | €247,084 | €260,757 | ▲ 5.5% |
| Amounts payable17/49 | €15,421 | €42,115 | €42,540 | €54,529 | €89,223 | ▲ 63.6% |
| Amounts payable within one year42/48 | €15,421 | €42,115 | €42,540 | €54,529 | €89,223 | ▲ 63.6% |
| Trade debts44 | €4,412 | €7,447 | €3,450 | €3,003 | €28,470 | ▲ 848% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €42,703 | €53,141 | €49,949 | €23,464 | €12,986 | ▼ 44.7% |
| + Depreciation and write-downs630 | €2,165 | €352 | €492 | €210 | €658 | ▲ 213% |
| Operating cash flow (approximation) | €44,868 | €53,493 | €50,441 | €23,675 | €13,645 | ▼ 42.4% |
| Investment in fixed assets (approximation) | - | €0 | -€702 | -€297 | €0 | ▲ 100% |
| Change in cash | - | €3,833 | - | - | -€458 | - |
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
05-02
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · event 28-01-2025
2024
10-07
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 28-06-2024
2018
18-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 49 days late
2017
31-12
Financial
Weakest financial yearnet €12,986 ▼44.7%
Net result drops to €12,986, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
18-04
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 261 days late
2016
24-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 329 days late
2015
31-12
Financial
Equity above €200,000Eq €245,206 ▲25.6%
3 profitable years in a row build equity to €245,206.
2014
31-12
Financial
Highest result since 2013net €53,141 ▲24.4%
Operating result €50,728, net result €53,141, both a record.
31-12
Financial
Equity above €150,000Eq €195,257 ▲37.4%
2 profitable years in a row build equity to €195,257.
22-12
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 144 days late
2013
12-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 12 days late
Show earlier events
2012
31-10
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 92 days late
2011
11-08
NBB filing
Annual accounts filed
fiscal year 2010 · full schema · 11 days late
2010
16-08
NBB filing
Annual accounts filed
fiscal year 2009 · full schema · 16 days late
2009
12-08
NBB filing
Annual accounts filed
fiscal year 2008 · full schema · 12 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | NICOLAS VAN DER BORGHT AVENUE DE FRE 229,
1180 FR BRUXELLES 18 |
28-06-2024 → 28-01-2025 |