Checked.be
Active
BE 0524.708.632Private limited company (pre-2019)
MM Projects
Stwg. op Vilvoorde 373 ·1745 Opwijk, Belgium· 13 yrs active
Sector: Other building cleaning and industrial cleaning
(81220)
Conclusion
MM Projects has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €100k and a net result of €1k. Equity remains stable across the filed fiscal years (±2% per year). The computed 12-month bankruptcy probability is 0.8% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €100k |
| Net result | €1k |
| Active | 13 yrs |
| Locations | 1 |
Financial profile
70
/ 100
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
Health
94
Profitability
6
Solvency
100
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2013, 13 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
94
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€9k
estimate, not credit advice
Score history
79
2022
100
2023
86
2024
37
2025
94
2026
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 28.86 (≥ 1.5)
+10
Quick ratio
Quick ratio 28.86 (≥ 1.0)
+5
Leverage
Debt/equity 0.26 (< 1.0)
+10
Profitability
ROE 1%
+3
Interest coverage
Interest coverage 7.8× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2026. Indicative, not credit advice.
Financial overview
Annual accounts filed on 14-08-2026 with the NBB · fiscal year 2026 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable
Equity: stable across 5 fiscal years (±2%/year).
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).
€4k
-
22-26
€1k
-
22-26
€4k
-
22-26
€126k
+27.7%
22-26
€100k
+1.3%
22-26
€121k
+26.4%
22-26
€0
-100.0%
22-26
€0
-100.0%
22-26
€26k
-
22-26
€4k
-
22-26
28.86
+69.5%
22-26
28.86
+69.5%
22-26
79.3%
-20.7%
22-26
0.26
-
22-26
1.3%
-
22-26
1.0%
-
22-26
7.79
-
22-26
Figures by fiscal year and ratios
| Fiscal year | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €4k | €-30k | €14k | €33k | €5k |
| Net profit | €1k | €-32k | €11k | €31k | €3k |
| Cash flow | €4k | €-29k | €15k | €35k | €6k |
| Staff costs | €0 | €186 | - | - | €1k |
| Income taxes | - | €0 | €723 | - | - |
| Dividends | - | - | - | - | - |
| Total assets | €126k | €99k | €138k | €157k | €199k |
| Equity | €100k | €99k | €130k | €120k | €89k |
| Debt | €26k | €0 | €8k | €37k | €110k |
| of which ≤ 1y | €4k | €0 | €8k | €37k | €110k |
| of which > 1y | - | - | - | - | - |
| Working capital | €121k | €96k | €125k | €110k | €75k |
| Employees (FTE) | - | - | - | - | - |
Note: these years are not on the same basis. The filed schemas differ (micro schema, abbreviated schema), so the columns are not directly comparable.
Ratios (computed)
| 2026 | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| Current ratio | 28.86 | - | 17.03 | 3.95 | 1.68 |
| Quick ratio | 28.86 | - | 17.03 | 3.95 | 1.68 |
| Working capital ratio | 95.9% | 96.9% | 90.1% | 69.9% | 37.6% |
| Solvency | 79.3% | 100.0% | 94.4% | 76.3% | 44.6% |
| Debt / equity | 0.26 | 0.00 | 0.06 | 0.31 | 1.24 |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | 7.79 | -73.81 | 737.55 | 3300.90 | 7.68 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 1.0% | -32.0% | 7.8% | 19.7% | 1.5% |
| ROE | 1.3% | -32.0% | 8.2% | 25.8% | 3.4% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2026
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €126k | €99k | €138k | €157k | €199k |
| Fixed assets | 21/28 | €837 | €3k | €6k | €10k | €14k |
| Tangible fixed assets | 22/27 | €837 | €3k | €6k | €10k | €14k |
| Current assets | 29/58 | €125k | €96k | €132k | €147k | €185k |
| Amounts receivable within one year | 40/41 | €125k | €95k | €131k | €30k | €77k |
| Investments | 50/53 | - | - | €0 | - | - |
| Cash & bank | 54/58 | €38 | €832 | €1k | €4k | €10k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €126k | €99k | €138k | €157k | €199k |
| Equity | 10/15 | €100k | €99k | €130k | €120k | €89k |
| Contributions / capital | 10/11 | €10k | €10k | €10k | €10k | €10k |
| Reserves | 13 | €90k | €89k | €120k | €110k | €3k |
| Accumulated profits (losses) | 14 | - | - | - | - | €76k |
| Amounts payable | 17/49 | €26k | €0 | €8k | €37k | €110k |
| Amounts payable within one year | 42/48 | €4k | €0 | €8k | €37k | €110k |
| Trade debts payable within one year | 44 | €300 | €0 | €7k | €27k | €108k |
| Income statement | ||||||
| Gross operating margin | 9900 | €5k | €-29k | €14k | €34k | €7k |
| Operating result | 9901 | €2k | €-33k | €10k | €29k | €2k |
| Financial income | 75 | €0 | €2k | €2k | €2k | €2k |
| Financial charges | 65 | €522 | €405 | €19 | €10 | €701 |
| Result before taxes | 9903 | €1k | €-32k | €11k | €31k | €3k |
| Income taxes | 67/77 | - | €0 | €723 | - | - |
| Net result for the period | 9904 | €1k | €-32k | €11k | €31k | €3k |
| Result to be appropriated | 9905 | €1k | €-32k | €11k | €31k | €3k |
Legal Structure
| NACE primary | Other building cleaning and industrial cleaning(81220) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 21-03-2013 |
| Status | Active |
| Postal code | 1745 |
Establishment units
BVBA
since 20132.217.724.559
Updates
Next filing, fiscal year 2027, expected by
2026
14-08
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
31-03
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
31-03
Financial
Equity above €100kEq €100k ▲1.3%
Equity rises from €99k to €100k.
2025
16-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Weakest financial yearnet €-32k ▼395%
Net result drops to €-32k, the lowest in the series; recovery starts the following year.
2024
17-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Liquidity quadruplescurrent ratio 17.03
Current ratio from 3.95 to 17.03; short-term debt falls from €37k to €8k.
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Highest result since 2022net €31k ▲924%
Operating result €29k, net result €31k, both a record.
31-03
Financial
Liquidity doublescurrent ratio 3.95
Current ratio from 1.68 to 3.95; short-term debt falls from €110k to €37k.
31-03
Financial
Equity above €100kEq €120k ▲34.8%
2 profitable years in a row build equity to €120k.
2022
08-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
25-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Other building cleaning and industrial cleaning81220Plumbing work43221
Names & trade names
| Legal nameNL | MM Projects |
Similar companies
LEVCO
BE 0820.954.649 · Anderlecht
SCHOONMAAKBEDRIJF WESTHOEK
BE 0867.613.035 · Oostende
Windowcleaning Kevin
BE 0792.566.709 · Niel
STEF CONSTRUCT
BE 0524.726.448 · Sint-Pieters-Leeuw
Clair-Office
BE 0413.487.838 · Frameries