MM Partners
ActiveThe computed 12-month bankruptcy probability of MM Partners is 4.1% (elevated). The 2025 annual accounts show negative equity (€-4k) and a net result of €-16k. Equity is shrinking by ~39.6% per year across the filed fiscal years. Its solvency ranks better than 6% of 7431 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
14
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-8
Solvency0▼-49
Growth32=
Track record94
Bankruptcy probability, 12 months
4.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.61 against 1.24 in 2024; short-term debt: 143.8% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+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
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
-43.8%
Return on assets
-158.2%
Age of the figures
12 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year €-4k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 07-04-2026, 23 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
23 d early
2024
147 d late
2023
512 d late
2022
878 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-4k
2024 · €11k
2022: €15k
2023: €15k
2024: €11k
2022 → 2025
Total assets
€10k▼ 78.9%
2024 · €46k
2022: €104k
2023: €54k
2024: €46k
2022 → 2025
Net result
€-16k▼ 293%
2024 · €-4k
2022: €13k
2023: €115
2024: €-4k
2022 → 2025
Working capital
€-6k
2024 · €8k
2022: €9k
2023: €11k
2024: €8k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€15k-€15k▲ 0.8%€11k▼ 26.0%€-4k
Operating result€16k-€223▼ 98.6%€-4k€-3k▲ 26.8%
Net result€13k-€115▼ 99.1%€-4k€-16k▼ 293%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2025 against €4k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10k
Fixed assets
€1k▼ 58.1%
Current assets
€9k▼ 80.2%
Key figures and ratios
EBITDA
€-1k▲
2024 · €-2k
Cash flow
€-14k▼
2024 · €-2k
Solvency
-43.8%▼
2024 · 24.2%
Current ratio
0.61▼
2024 · 1.24
Quick ratio
0.61▼
2024 · 1.24
Debt / equity
-3.29▼
2024 · 3.13
ROA
-158.2%▼
2024 · -8.5%
Interest coverage
-4.89▲
2024 · -23.03
Debt
€14k▼
2024 · €35k
Debt ≤ 1 year
€14k▼
2024 · €35k
Income taxes
€12k
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€46k€10k▼
Fixed assets21/28€3k€1k▼
Intangible fixed assets21€2k€1k▼
Tangible fixed assets22/27€797-
Plant, machinery and equipment23€797-
Current assets29/58€43k€9k▼
Amounts receivable within one year40/41€37k€9k▼
Trade receivables40€32k-
Other amounts receivable41€5k€9k▲
Cash at bank and in hand54/58€7k-
Equity and liabilities
Total equity and liabilities10/49€46k€10k▼
Equity10/15€11k€-4k▼
Contributions10/11€2k€2k=
Profit (loss) carried forward14€9k€-6k▼
Amounts payable17/49€35k€14k▼
Amounts payable within one year42/48€35k€14k▼
Financial debts43-€6
Credit institutions430/8-€6
Trade debts44€24k-
Suppliers440/4€24k-
Taxes, remuneration and social security45€3k€3k=
Taxes450/3€3k€3k=
Other amounts payable47/48€8k€11k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Gross operating margin9900€-2k€-1k▲
Operating profit (loss)9901€-4k€-3k▲
Financial charges65/66B€96€233▲
Recurring financial charges65€96€233▲
Profit (loss) for the period before taxes9903€-4k€-3k▲
Income taxes67/77-€12k
Profit (loss) for the period9904€-4k€-16k▼
Profit (loss) for the period to be appropriated9905€-4k€-16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€9k€-6k▼
Profit (loss) brought forward from the previous period14P€13k€9k▼
The notes to these accounts (7 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
07-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series.
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 147 days late
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 512 days late
24-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 878 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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
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.
Ground area
4.5 ha
Building footprint
3.9 ha
Volume, LiDAR
616,532 m³
2 parcels, Brussels, Flanders · tallest building 34.0 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
MM PARTNERS
since 20212.322.157.927
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21814P0441/00B000 | Brussels | 4.4 ha | 1 · 3.9 ha | 34.0 m · 6 fl. |
| 23062B0197/00A002 | Flanders | 843 m² | 1 · 132 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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BE 0807.399.096
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BE 1015.332.454
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M-EXACT
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Asse · Eq €11k
Of 29,801 companies in sector 41001 we hold annual accounts for 16,045. 9,702 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-09-2021
Fiscal year end30-09
Activities, NACEBEL
41001General construction of residential buildings
68121Development of residential building projects
68122Development of non-residential building projects
43110Demolition
43211General electrical installation work
71111Activities of building architects
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:azzedine.marsou@gmail.com