MM CONSTRUCT
ActiveSummary
The annual accounts of MM CONSTRUCT for fiscal year 2025 show a net loss of 57% of the equity at the start of that year. The 2025 annual accounts show equity of €69k and a net result of €-93k. Equity is shrinking by ~25% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 31% of 14128 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability4▼-71
Solvency34▼-23
Growth32▼-46
Track record94
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.07 against 1.33 in 2024; short-term debt: 89.3% and cash: 11.1% of total assets), and 91.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
8.8%
Return on assets
-11.8%
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 20-05-2026, 72 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
72 d early
2024
52 d early
2023
51 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€69k▼ 57.4%
2024 · €162k
Total assets
€787k▲ 54.1%
2024 · €510k
Net result
€-93k
2024 · €24k
Working capital
€47k▼ 58.8%
2024 · €114k
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
Line202320242025
Operating result€-63k-€22k€-93k
Net result€-62k-€24k€-93k
Equity€138k-€162k▲ 17.3%€69k▼ 57.4%
Total assets€693k-€510k▼ 26.3%€787k▲ 54.1%
Debt€554k-€348k▼ 37.2%€717k▲ 106%
Working capital€78k-€114k▲ 45.5%€47k▼ 58.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €93k after €22k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €787k
Fixed assets
€37k ▼ 22.6%
Current assets
€749k ▲ 62.2%
Equity and liabilities €787k
Equity
€69k ▼ 57.4%
Debt
€717k ▲ 106%
Debt's share of the balance-sheet total rises from 68.2% to 91.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-79k▼
2024 · €36k
Cash flow
€-78k▼
2024 · €38k
Current ratio
1.07▼
2024 · 1.33
Quick ratio
0.15▼
2024 · 0.77
Debt to equity
10.38▲
2024 · 2.15
ROE
-134.5%▼
2024 · 14.7%
ROA
-11.8%▼
2024 · 4.7%
Interest coverage
-506.39▼
2024 · 237.52
Debt ≤ 1 year
€702k▲
2024 · €348k
Income taxes
€161▼
2024 · €174
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €14k | €15k | ▲ 2.4% |
| Other operating charges640/8 | €3k | €3k | €954 | ▼ 65.0% |
| Gross operating margin9900 | €-51k | €39k | €-78k | ▼ 301% |
| Operating profit (loss)9901 | €-63k | €22k | €-93k | ▼ 528% |
| Financial income75/76B | €2k | €2k | €644 | ▼ 73.5% |
| Recurring financial income75 | €2k | €2k | €644 | ▼ 73.5% |
| Financial charges65/66B | €644 | €151 | €156 | ▲ 2.8% |
| Recurring financial charges65 | €644 | €151 | €156 | ▲ 2.8% |
| Profit (loss) for the period before taxes9903 | €-62k | €24k | €-93k | ▼ 486% |
| Income taxes67/77 | €116 | €174 | €161 | ▼ 7.3% |
| Profit (loss) for the period9904 | €-62k | €24k | €-93k | ▼ 489% |
| Profit (loss) for the period to be appropriated9905 | €-62k | €24k | €-93k | ▼ 489% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €693k | €510k | €787k | ▲ 54.1% |
| Fixed assets21/28 | €66k | €48k | €37k | ▼ 22.6% |
| Tangible fixed assets22/27 | €64k | €48k | €37k | ▼ 23.7% |
| Plant, machinery and equipment23 | €2k | €1k | €904 | ▼ 33.5% |
| Furniture and vehicles24 | €63k | €47k | €36k | ▼ 23.4% |
| Financial fixed assets28 | €2k | €0 | €500 | - |
| Current assets29/58 | €627k | €462k | €749k | ▲ 62.2% |
| Stocks and contracts in progress3 | €601k | €193k | €647k | ▲ 235% |
| Stocks30/36 | €601k | €193k | €647k | ▲ 235% |
| Amounts receivable within one year40/41 | €13k | €26 | €13k | ▲ 49,256% |
| Trade receivables40 | - | - | €9k | - |
| Other amounts receivable41 | €13k | €26 | €4k | ▲ 14,526% |
| Cash at bank and in hand54/58 | €9k | €267k | €87k | ▼ 67.4% |
| Deferred charges and accrued income490/1 | €4k | €2k | €2k | ▼ 8.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €693k | €510k | €787k | ▲ 54.1% |
| Equity10/15 | €138k | €162k | €69k | ▼ 57.4% |
| Contributions10/11 | €200k | €200k | €200k | = |
| Profit (loss) carried forward14 | €-62k | €-38k | €-131k | ▼ 245% |
| Amounts payable17/49 | €554k | €348k | €717k | ▲ 106% |
| Amounts payable within one year42/48 | €548k | €348k | €702k | ▲ 102% |
| Trade debts44 | €150 | €0 | €951 | - |
| Suppliers440/4 | €150 | €0 | €951 | - |
| Taxes, remuneration and social security45 | €7k | €136k | €7k | ▼ 95.0% |
| Taxes450/3 | €5k | €134k | €5k | ▼ 96.6% |
| Remuneration and social security454/9 | €2k | €2k | €2k | = |
| Other amounts payable47/48 | €541k | €212k | €695k | ▲ 228% |
| Accrued charges and deferred income492/3 | €6k | €66 | €15k | ▲ 22,865% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-62k | €24k | €-93k | ▼ 489% |
| + Depreciation and write-downs630 | €9k | €14k | €15k | ▲ 2.4% |
| Operating cash flow (approximation) | €-53k | €38k | €-78k | ▼ 306% |
| Investment in fixed assets (approximation) | - | €4k | €-4k | ▼ 202% |
| Change in cash | - | €258k | €-180k | ▼ 170% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-93k
Net result drops to €-93k, the lowest in the series.
09-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €24k
Net result €24k after one loss-making year.
31-12
Financial
Equity above €150kEq €162k ▲17.3%
Equity rises from €138k to €162k.
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Liedekerke · 1 establishment unit since 2022
Ground area
635 m²
Building footprint
166 m²
Volume, LiDAR
876 m³
Parcel 23762E0002/00K003, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MM CONSTRUCT
since 20222.338.069.093
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23762E0002/00K003 | Flanders | 635 m² | 1 · 166 m² | 8.3 m · 2 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.
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Of 9,698 companies in sector 68121 we hold annual accounts for 7,384. 5,197 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
Founded17-11-2022
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.