MM Develop II
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 28-04-2026 at the NBB
Comparable companies
These companies have the same main activity as MM Develop II: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €3.7m and €11m, founded between 2022 and 2024.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| MM Develop II Deinze | 2024 | €11.6m | -€0.07m | -€0.1m | -€0.1m | 0 | 2025 |
| DECOVEMA Hasselt | 2024 | €9.2m | -€0.01m | -€0.002m | -€0.07m | 0 | 2025 |
| Botanica Sint-Truiden | 2022 | €11.1m | -€0.07m | -€88 | -€0.07m | 0 | 2025 |
| J.W.W. Kalmthout | 2024 | €3.7m | €0.04m | -€77 | -€0.01m | 0 | 2025 |
| ARROM CONSTRUCT Ukkel | 2022 | €6.6m | -€0.08m | -€0.03m | -€0.02m | 0 | 2025 |
| BELYSIUM Lummen | 2023 | €4.4m | €0.001m | -€0.001m | -€0.002m | 0 | 2025 |
| BIB Project Waregem | 2022 | €3.9m | €0.04m | -€0.02m | -€0.02m | 0 | 2024 |
They were chosen from the 7,757 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 473 companies had the same profile as MM Develop II has now. Two years later, 1.5% had gone bankrupt and 95.3% were still going.
- Medium-sized
- negative equity
- a small loss
- without age
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MM Develop II itself is lower: 0.1% within 12 months. It rests on far more data about MM Develop II than the profile alone.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 473 companies, not a prediction for MM Develop II. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2025 |
|---|---|
| Other operating charges640/8 | €837 |
| Gross operating margin9900 | -€129,229 |
| Operating profit (loss)9901 | -€130,066 |
| Financial income75/76B | €64,680 |
| Recurring financial income75 | €64,680 |
| Financial charges65/66B | €67,839 |
| Recurring financial charges65 | €67,839 |
| Profit (loss) for the period before taxes9903 | -€133,225 |
| Profit (loss) for the period9904 | -€133,225 |
| Profit (loss) for the period to be appropriated9905 | -€133,225 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €11.6m | |
| Current assets29/58 | €11.6m | |
| Stocks and contracts in progress3 | €6.7m | |
| Stocks30/36 | €6.7m | |
| Amounts receivable within one year40/41 | €4.0m | |
| Trade receivables40 | €0.6m | |
| Other amounts receivable41 | €3.4m | |
| Cash at bank and in hand54/58 | €0.8m | |
| Deferred charges and accrued income490/1 | €0.06m | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €11.6m | |
| Equity10/15 | -€0.07m | |
| Contributions10/11 | €0.06m | |
| Capital10 | €0.06m | |
| Issued capital100 | €0.06m | |
| Profit (loss) carried forward14 | -€0.1m | |
| Amounts payable17/49 | €11.7m | |
| Amounts payable after more than one year17 | €0.3m | |
| Financial debts170/4 | €0.3m | |
| Amounts payable within one year42/48 | €11.3m | |
| Financial debts43 | €2.8m | |
| Credit institutions430/8 | €2.8m | |
| Trade debts44 | €0.6m | |
| Suppliers440/4 | €0.6m | |
| Advances received on contracts in progress46 | €7.3m | |
| Taxes, remuneration and social security45 | €0.6m | |
| Taxes450/3 | €0.6m | |
| Accrued charges and deferred income492/3 | €0.03m | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | -€133,225 |
| Operating cash flow (approximation) | -€133,225 |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 28-04-2026 | 2026-00090372 | NBB |