MM Equestrian Services
ActiveMM Equestrian Services has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13k and a net result of €9k. Equity is growing by ~25.8% per year across the filed fiscal years. Its solvency ranks better than 37% of 3101 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
71
/ 100
Healthy▲ +15 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency29▲+13
Growth78▲+26
Stability94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.19 against 0.98 in 2024), and 80% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
20%
Return on assets
14.5%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 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 · 4 filingsDeviation from the deadline
2025
10 d late
2024
24 d early
2023
23 d late
2022
30 d late
← before the deadline
after the deadline →
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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€13k▲ 148%
2024 · €5k
2022: €4k
2023: €5k
2024: €5k
2022 → 2025
Total assets
€64k▲ 4.5%
2024 · €61k
2022: €47k
2023: €54k
2024: €61k
2022 → 2025
Net result
€9k▲ 330%
2024 · €2k
2022: €3k
2023: €298
2024: €2k
2022 → 2025
Working capital
€10k
2024 · €-881
2022: €-17k
2023: €-4k
2024: €-881
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€4k-€5k▲ 6.9%€5k▲ 10.5%€13k▲ 148%
Operating result€4k-€473▼ 87.9%€3k▲ 490%€12k▲ 331%
Net result€3k-€298▼ 89.8%€2k▲ 622%€9k▲ 330%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 331% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €64k
Fixed assets
€3k▼ 50.0%
Current assets
€61k▲ 10.5%
Equity and liabilities €64k
Equity
€13k▲ 148%
Debt
€51k▼ 8.6%
The debt ratio falls from 91.6% to 80.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€15k▲
2024 · €6k
Cash flow
€12k▲
2024 · €5k
Solvency
20.0%▲
2024 · 8.4%
Current ratio
1.19▲
2024 · 0.98
Quick ratio
0.84▲
2024 · 0.66
Debt / equity
4.01▼
2024 · 10.90
ROE
72.8%▲
2024 · 42.1%
ROA
14.5%▲
2024 · 3.5%
Interest coverage
197.59▲
2024 · 74.57
Debt
€51k▼
2024 · €56k
Debt ≤ 1 year
€51k▼
2024 · €56k
Income taxes
€3k▲
2024 · €589
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€61k€64k▲
Fixed assets21/28€6k€3k▼
Tangible fixed assets22/27€6k€3k▼
Furniture and vehicles24€6k€3k▼
Current assets29/58€55k€61k▲
Stocks and contracts in progress3€18k€18k▼
Stocks30/36€18k€18k▼
Amounts receivable within one year40/41€28k€22k▼
Trade receivables40€24k€19k▼
Other amounts receivable41€3k€3k▼
Cash at bank and in hand54/58€8k€19k▲
Deferred charges and accrued income490/1€948€984▲
Equity and liabilities
Total equity and liabilities10/49€61k€64k▲
Equity10/15€5k€13k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€2k€10k▲
Amounts payable17/49€56k€51k▼
Amounts payable within one year42/48€56k€51k▼
Financial debts43-€734
Credit institutions430/8-€734
Trade debts44€13k€10k▼
Suppliers440/4€13k€10k▼
Taxes, remuneration and social security45€2k€4k▲
Taxes450/3€2k€4k▲
Other amounts payable47/48€41k€35k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€13k
Other operating charges640/8€829€868▲
Gross operating margin9900€7k€29k▲
Operating profit (loss)9901€3k€12k▲
Financial income75/76B€31€0▼
Recurring financial income75€31€0▼
Financial charges65/66B€78€76▼
Recurring financial charges65€78€76▼
Profit (loss) for the period before taxes9903€3k€12k▲
Income taxes67/77€589€3k▲
Profit (loss) for the period9904€2k€9k▲
Profit (loss) for the period to be appropriated9905€2k€9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€4k€11k▲
Profit (loss) brought forward from the previous period14P€2k€2k▲
Profit to be distributed694/7€2k€2k=
Return on contributions (dividend)694€2k€2k=
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 10 days late
2025
31-12
Financial
Highest result since 2022net €9k ▲330%
Operating result €12k, net result €9k, both a record.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
31-12
Financial
Weakest financial yearnet €298 ▼89.8%
Net result drops to €298, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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
Registered office, Puurs-Sint-Amands · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Groenstraat 772870 Puurs-Sint-AmandsGround area
657 m²
Building footprint
98 m²
Volume, LiDAR
667 m³
Parcel 12008B0311/00H000, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MM Equestrian Services
since 20212.328.834.891
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12008B0311/00H000 | Flanders | 657 m² | 1 · 98 m² | 10.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
HET IMDEHOF
BE 0672.921.266
Kapelle-op-den-Bos · Eq €13k
PVM HORSES
BE 0501.686.572
Beveren-Kruibeke-Zwijndrecht · Eq €13k
QUEO
BE 0477.734.403
Keerbergen · Eq €13k
DV & W
BE 0801.395.885
Zottegem · Eq €13k
ECURIES CHAPELLE SAINTE-ANNE
BE 0846.247.301
Saint-Ghislain · Eq €13k
Of 1,947 companies in sector 01430 we hold annual accounts for 739. 366 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-12-2021
Fiscal year end31-12
Activities, NACEBEL
01430Raising of horses and other equines
46610Wholesale trade
85510Sports and recreation education
93127Equestrian clubs
96994Pet training
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.