Summary
MM is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €616,195 and a net result of €62,565. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 33% of 8074 sector peers (fiscal year 2025). The company has been active since 2014 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.
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Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €616,195
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 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 d early
2024
44 d early
2023
54 d early
2022
56 d early
2021
55 d early
2020
54 d early
2019
203 d late
← 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 17 days before 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 (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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€616,195▲ 18.9%
2024 · €518,450
Net result
€62,565▲ 1,358%
2024 · €4,291
Total assets
€2.0m▲ 70.3%
2024 · €1.2m
Solvency
30.2%▼ 13.0pp
2024 · 43.2%
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
Line20212022202320242025
Turnover€94,888▲ 21.6%€101,160▲ 6.6%€100,286▼ 0.9%€123,189▲ 22.8%
Operating result€17,169▲ 16.6%€6,296▼ 63.3%€4,097▼ 34.9%€10,307▲ 152%€73,122▲ 609%
Net result€2,718below the sector's middle half▲ 114%€1,701below the sector's middle half▼ 37.4%€573below the sector's middle half▼ 66.3%€4,291within the sector's middle half▲ 649%€62,565within the sector's middle half▲ 1,358%
Equity€511,886above the sector's middle half▲ 0.5%€513,587above the sector's middle half▲ 0.3%€514,160above the sector's middle half▲ 0.1%€518,450above the sector's middle half▲ 0.8%€616,195above the sector's middle half▲ 18.9%
Total assets€1.0mabove the sector's middle half▼ 2.0%€1.2mabove the sector's middle half▲ 12.8%€1.2mabove the sector's middle half▲ 3.0%€1.2mabove the sector's middle half▲ 0.7%€2.0mabove the sector's middle half▲ 70.3%
Debt€514,231▼ 4.3%€643,654▲ 25.2%€677,976▲ 5.3%€681,766▲ 0.6%€1.4m▲ 109%
Working capital€71,966€169,619▲ 136%€157,075▼ 7.4%€161,035▲ 2.5%€240,062▲ 49.1%
Solvency49.9%within the sector's middle half▲ 1.2pp44.4%within the sector's middle half▼ 5.5pp43.1%within the sector's middle half▼ 1.3pp43.2%within the sector's middle half▲ 0.1pp30.2%within the sector's middle half▼ 13.0pp
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 micro schema does not require them.
Why a figure moved sharply
- 2025 Total assets +70% on 2024. Merger absorbing MCéM, effective 24-12-2025.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 609% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.0m
Fixed assets
€1.7m ▲ 68.1%
Current assets
€317,341 ▲ 82.9%
Equity and liabilities €2.0m
Equity
€616,195 ▲ 18.9%
Debt
€1.4m ▲ 109%
Debt's share of the balance-sheet total rises from 56.8% to 69.8%. Equity and debt are higher.
Key figures and ratios
ROE
10.2%▲
2024 · 0.8%
ROA
3.1%▲
2024 · 0.4%
Debt ≤ 1 year
€77,279▲
2024 · €12,494
Debt > 1 year
€1.3m▲
2024 · €665,901
Income taxes
€1,827▼
2024 · €3,559
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €94,888 | €101,160 | €100,286 | €123,189 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €27,615 | €46,353 | €38,714 | €40,205 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €41,837 | €60,963 | €48,243 | €62,337 | €80,481 | ▲ 29.1% |
| Other operating charges640/8 | €8,267 | €8,734 | €9,231 | €10,345 | €13,345 | ▲ 29.0% |
| Gross operating margin9900 | €67,273 | €75,993 | €61,571 | €82,988 | €166,948 | ▲ 101% |
| Operating profit (loss)9901 | €17,169 | €6,296 | €4,097 | €10,307 | €73,122 | ▲ 609% |
| Financial income75/76B | - | - | €481 | - | €6 | - |
| Recurring financial income75 | - | - | €481 | - | €6 | - |
| Financial charges65/66B | €13,304 | €4,596 | €2,125 | €2,457 | €8,735 | ▲ 256% |
| Recurring financial charges65 | €13,304 | €4,596 | €2,125 | €2,457 | €8,735 | ▲ 256% |
| Profit (loss) for the period before taxes9903 | €3,865 | €1,701 | €2,453 | €7,850 | €64,392 | ▲ 720% |
| Income taxes67/77 | €1,147 | - | €1,881 | €3,559 | €1,827 | ▼ 48.7% |
| Profit (loss) for the period9904 | €2,718 | €1,701 | €573 | €4,291 | €62,565 | ▲ 1,358% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €1,291 | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | €63,000 | - |
| Profit (loss) for the period to be appropriated9905 | €2,718 | €1,701 | €573 | €4,291 | €855 | ▼ 80.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €1.2m | €1.2m | €1.2m | €2.0m | ▲ 70.3% |
| Fixed assets21/28 | €939,920 | €962,501 | €1.0m | €1.0m | €1.7m | ▲ 68.1% |
| Tangible fixed assets22/27 | €939,920 | €962,501 | €1.0m | €1.0m | €1.7m | ▲ 68.1% |
| Land and buildings22 | €923,144 | €950,871 | €1.0m | €1.0m | €1.6m | ▲ 61.7% |
| Plant, machinery and equipment23 | €3,342 | €2,673 | €2,673 | €2,005 | €57,939 | ▲ 2,790% |
| Furniture and vehicles24 | €13,434 | €8,956 | €4,478 | €18,750 | €41,796 | ▲ 123% |
| Current assets29/58 | €86,197 | €194,740 | €176,100 | €173,530 | €317,341 | ▲ 82.9% |
| Amounts receivable within one year40/41 | €7,053 | €9,578 | €20,359 | €22,750 | €20,153 | ▼ 11.4% |
| Trade receivables40 | €5,697 | €9,578 | €18,791 | €20,098 | €19,433 | ▼ 3.3% |
| Other amounts receivable41 | €1,356 | - | €1,568 | €2,652 | €719 | ▼ 72.9% |
| Cash at bank and in hand54/58 | €79,144 | €164,723 | €155,741 | €150,779 | €294,132 | ▲ 95.1% |
| Deferred charges and accrued income490/1 | - | €20,439 | - | - | €3,056 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €1.2m | €1.2m | €1.2m | €2.0m | ▲ 70.3% |
| Equity10/15 | €511,886 | €513,587 | €514,160 | €518,450 | €616,195 | ▲ 18.9% |
| Contributions10/11 | €64,000 | €64,000 | €64,000 | €64,000 | €82,600 | ▲ 29.1% |
| Outside capital11 | €64,000 | €64,000 | €64,000 | €64,000 | - | - |
| Other1109/19 | €64,000 | €64,000 | €64,000 | €64,000 | - | - |
| Reserves13 | €447,886 | €449,587 | €450,160 | €454,450 | €533,595 | ▲ 17.4% |
| Non-distributable reserves130/1 | €9,118 | €6,400 | €6,400 | €6,400 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | €9,118 | €6,400 | €6,400 | €6,400 | €0 | ▼ 100% |
| Tax-exempt reserves132 | - | - | - | - | €61,709 | - |
| Distributable reserves133 | €438,768 | €443,187 | €443,760 | €448,050 | €471,885 | ▲ 5.3% |
| Amounts payable17/49 | €514,231 | €643,654 | €677,976 | €681,766 | €1.4m | ▲ 109% |
| Amounts payable after more than one year17 | €500,000 | €614,635 | €652,387 | €665,901 | €1.3m | ▲ 103% |
| Financial debts170/4 | €500,000 | €614,635 | €652,387 | €665,901 | €1.3m | ▲ 103% |
| Amounts payable within one year42/48 | €14,231 | €25,121 | €19,025 | €12,494 | €77,279 | ▲ 519% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €35,179 | - |
| Trade debts44 | €2,314 | €5,397 | €11,183 | €4,664 | €3,115 | ▼ 33.2% |
| Suppliers440/4 | €2,314 | €5,397 | €11,183 | €4,664 | €3,115 | ▼ 33.2% |
| Advances received on contracts in progress46 | €7,880 | €7,830 | €7,830 | €7,830 | €6,210 | ▼ 20.7% |
| Taxes, remuneration and social security45 | €120 | €10,760 | - | - | €6,121 | - |
| Taxes450/3 | - | €10,760 | - | - | - | - |
| Remuneration and social security454/9 | €120 | - | - | - | €6,121 | - |
| Other amounts payable47/48 | €3,917 | €1,134 | €12 | - | €26,654 | - |
| Accrued charges and deferred income492/3 | - | €3,898 | €6,564 | €3,370 | €1,352 | ▼ 59.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,718 | €1,701 | €573 | €4,291 | €62,565 | ▲ 1,358% |
| + Depreciation and write-downs630 | €41,837 | €60,963 | €48,243 | €62,337 | €80,481 | ▲ 29.1% |
| Operating cash flow (approximation) | €44,555 | €62,664 | €48,816 | €66,627 | €143,046 | ▲ 115% |
| Investment in fixed assets (approximation) | - | -€83,543 | -€101,778 | -€72,987 | -€779,944 | ▼ 969% |
| Change in cash | - | €85,580 | -€8,982 | -€4,962 | €143,353 | ▲ 2,989% |
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
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
26-01
State Gazette act
Capital & shares · Resignations & appointments · Restructuring · MiscellaneousMerger · Accounting effect · Real estate6 facts ▸
State Gazette act
Capital & shares · Resignations & appointments · Restructuring · Miscellaneous
Merger · Accounting effect · Real estate6 facts ▸
- General meeting, 24-12-2025
- Merger, 24-12-2025
- Accounting effect, 01-04-2025
- Real estate, Een woonhuis op en met grond, staande en gelegen te 8210 Zedelgem, Groenestraat 40.
- Power of attorney, ALASKA GROUP
- Share structure, all owned by shareholders of the absorbing company in the same proportion, 100
2025
31-12
Financial
Highest result since 2018net €62,565 ▲1,358%
Operating result €73,122, net result €62,565, both a record.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
06-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity times 7current ratio 6.06
Current ratio from 0.90 to 6.06; short-term debt falls from €77,609 to €14,231.
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
19-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 203 days late
2019
31-12
Financial
Weakest financial yearnet €516 ▼77%
Net result drops to €516, the lowest in the series; recovery starts the following year.
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Zedelgem · 1 establishment unit since 2014
Ground area
1,471 m²
Building footprint
240 m²
Volume, LiDAR
2,037 m³
Parcel 31040F1457/00G000, Flanders · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
MM
since 20142.233.570.894
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31040F1457/00G000 | Flanders | 1,471 m² | 1 · 240 m² | 10.8 m · 3 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
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTook over:MCéM
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 13,468 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
Founded07-07-2014
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0555885422
Also
9925:BE0555885422
Registered
10-02-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.