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Generated 15-07-2026
Active BE 0780.548.508Public limited company

MM Develop I

Veldestraat 140 ·9850 Deinze, Belgium· 4 yrs active
Sector: Real estate activities (68121)
Conclusion Checked

The computed 12-month bankruptcy probability of MM Develop I is 0.5% (low). The 2025 annual accounts show equity of €65k and a net result of €26k. Equity is growing by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 24% of 509 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.
Key figures
Equity €65k
Net result €26k
Better than sector 24%
Active 4 yrs
Snowflake analysis 5 axes · computed by Checked
Health58Profitability100Solvency18Growth78Stability94
70 / 100

Strong profile, led by profitability.

Health 58
Profitability 100
Solvency 18
Growth 78
Stability 94
Bankruptcy probability (12 mo) Checked model v1 · free
0.5% Low
0%0,5%1,5%4%10%≥25%
Young company +Lower-failure-rate sector −Lower-risk legal form −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
More than 3 years active
Founded in 2022, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2025 · computed
58 / 100 Fair
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview4 NBB filings
Annual accounts filed on 28-04-2026 with the NBB · fiscal year 2025 · verkort
€-20k€0€20k€40k€60kOperating result 2022: €-8k€-8kNet result 2022: €-11k€-11kOperating result 2023: €-3k€-3kNet result 2023: €-634€-634Operating result 2024: €-4k€-4kNet result 2024: €-11k€-11kOperating result 2025: €65k€65kNet result 2025: €26k€26k2022202320242025
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~4.1%/year over 4 fiscal years, indicative, assuming unchanged policy.
€20k€40k€60k€80k2026: €58k (€48k - €68k)2027: €60k (€44k - €76k)2028: €62k (€40k - €84k)2022: €51k2023: €50k2024: €39k2025: €65k2022202320242025202620272028
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2025 · NACE 68, Real estate activities · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 1.8% 15.0%
better than 24% of 509 sector peers
Net result €26k €6k
better than 62% of 509 sector peers
Equity €65k €134k
better than 38% of 509 sector peers
Gross operating margin €66k €77k
better than 47% of 508 sector peers
Employees (FTE) 0.0 0.0
better than 32% of 158 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Net profit
€26k
- -9% vs sector
Total assets
€3.67M
+84.8% +27% vs sector
Equity
€65k
+67.2% -92% vs sector
Working capital
€756k
+3.7% far above sector median
Employees (FTE)
0
- -100% vs sector
Income taxes
€5k
- -66% vs sector
Debt
€3.60M
+85.1% +89% vs sector
Debt ≤ 1y
€2.91M
+132.4% +87% vs sector
Debt > 1y
€659k
+2.9% +88% vs sector
Current ratio
1.26
-20.4% +94% vs sector
Quick ratio
0.21
+696.2% -18% vs sector
Solvency
1.8%
-9.5% -94% vs sector
Debt / equity
55.21
+10.7% far above sector median
ROE
40.2%
- far above sector median
ROA
0.7%
- -20% vs sector
Figures by fiscal year
Fiscal year2025
Revenue-
EBITDA-
Net profit€26k
Cash flow-
Staff costs-
Income taxes€5k
Dividends-
Total assets€3.67M
Equity€65k
Debt€3.60M
of which ≤ 1y€2.91M
of which > 1y€659k
Working capital€756k
Employees (FTE)0.0
Ratios (computed)
2025
Current ratio1.26
Quick ratio0.21
Working capital ratio20.6%
Solvency1.8%
Debt / equity55.21
Long-term debt ratio10.09
Interest coverage-
Gross margin-
Net margin-
ROA0.7%
ROE40.2%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€3.67M
Fixed assets 21/28€5k
Financial fixed assets 28€5k
Current assets 29/58€3.66M
Stocks & contracts in progress 3€3.07M
Amounts receivable within one year 40/41€519k
Cash & bank 54/58€79k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€3.67M
Equity 10/15€65k
Contributions / capital 10/11€62k
Reserves 13€4k
Accumulated profits (losses) 14€0
Amounts payable 17/49€3.60M
Amounts payable after one year 17€659k
Amounts payable within one year 42/48€2.91M
Trade debts payable within one year 44€388k
Income statement
Gross operating margin 9900€66k
Operating result 9901€65k
Financial income 75€0
Financial charges 65€34k
Result before taxes 9903€31k
Income taxes 67/77€5k
Net result for the period 9904€26k
Result to be appropriated 9905€26k
You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Real estate activities(68121)
Legal form Public limited company(014)
Incorporation17-01-2022
StatusActive
Postal code9850
Establishment units 1 location
MM Develop I
Veldestraat 140, 9850 DeinzeOntwikkeling van residentiële bouwprojecten
since 20222.326.612.997
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44044A0935/00N000 Flanders 1,519 m² 1 · 180 m² 6.6 m · 1 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 5 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
28-04-2026
NBB filing Annual accounts filed
fiscal year 2025 · verkort
2025
30-04-2025
NBB filing Annual accounts filed
fiscal year 2024 · verkort
2024
30-09-2024
NBB filing Annual accounts filed
fiscal year 2023 · verkort
2023
31-08-2023
NBB filing Annual accounts filed
fiscal year 2022 · verkort
2022
05-08-2022
State Gazette act Director changes
Elsje Vanderlinden
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 3 years ago
2022
05-08-2022 7 directors appointed, 2 resigning Director changes·Elsje Vanderlinden
  • VANFLETEREN Kristof, Bestuurder
  • DEMUYNCK Davy, Bestuurder
  • MESTDAGH Bruno, Vaste vertegenwoordiger
  • MERVIELDE Kevin, Vaste vertegenwoordiger
  • VERGEYLEN Cindy, Bestuurder
  • BMH MESTDAGH, Bestuurder
  • PROSPECTUM, Bestuurder
  • MESTDAGH Bruno, Vaste vertegenwoordiger
Notary: Elsje Vanderlinden · GentFirm: DE WULF, VERBIST, VAN POUCKE, VANDERLINDEN & BALLIERE
Technical details 
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Ontwikkeling van residentiële bouwprojecten41101Ontwikkeling van residentiële bouwprojecten68121Algemene bouw van residentiële gebouwen41001Algemene bouw van kantoorgebouwen41002Ontwikkeling van niet-residentiële bouwprojecten41102Algemene bouw van residentiële gebouwen41201Algemene bouw van kantoorgebouwen41202Ontwikkeling van niet-residentiële bouwprojecten68122
Primary activity highlighted.
Names & trade names
Legal nameNL MM Develop I
Registered office
Veldestraat 140 bus A
9850 Deinze, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative