MM SOLUTION
InactiveMM SOLUTION was declared bankrupt on 08-09-2022 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 13-01-2026, published in the Belgian State Gazette on 20-01-2026.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 7 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline25-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 31-08-2022, 31 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
31 d late
2020
81 d late
2019
47 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€-5k▲ 78.7%
2020 · €-24k
2018: €45khighest in 4 years
2019: €-17k▼ -137% vs 2018
2020: €-24k▼ -46.2% vs 2019lowest in 4 years
2021: €-5k▲ +78.7% vs 2020
2018 → 2021
Total assets
€145k▲ 143%
2020 · €60k
2018: €62k
2019: €69k▲ +11.2% vs 2018
2020: €60k▼ -13.1% vs 2019lowest in 4 years
2021: €145k▲ +143% vs 2020highest in 4 years
2018 → 2021
Net result
€19k
2020 · €-8k
2018: €43khighest in 4 years
2019: €-45k▼ -205% vs 2018lowest in 4 years
2020: €-8k▲ +83.0% vs 2019
2021: €19k▲ +349% vs 2020
2018 → 2021
Working capital
€36k
2020 · €-2k
2018: €2k
2019: €-61k▼ -2959% vs 2018lowest in 4 years
2020: €-2k▲ +96.5% vs 2019
2021: €36k▲ +1804% vs 2020highest in 4 years
2018 → 2021
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€45k-€-17k€-24k▼ 46.2%€-5k▲ 78.7%
2018: €45khighest in 4 years
2019: €-17k▼ -137% vs 2018
2020: €-24k▼ -46.2% vs 2019lowest in 4 years
2021: €-5k▲ +78.7% vs 2020
Operating result€42k-€-45k€-64k▼ 41.2%€20k
2018: €42khighest in 4 years
2019: €-45k▼ -206% vs 2018
2020: €-64k▼ -41.2% vs 2019lowest in 4 years
2021: €20k▲ +131% vs 2020
Net result€43k-€-45k€-8k▲ 83.0%€19k
2018: €43khighest in 4 years
2019: €-45k▼ -205% vs 2018lowest in 4 years
2020: €-8k▲ +83.0% vs 2019
2021: €19k▲ +349% vs 2020
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2021: €20k after a loss of €64k in 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €145k
Fixed assets
€3k ▼ 85.5%
Current assets
€142k ▲ 275%
Key figures and ratios
Solvency
-3.6%▲
2020 · -40.7%
Current ratio
1.34▲
2020 · 0.95
Quick ratio
0.16▼
2020 · 0.95
Debt to equity
-28.99▼
2020 · -1.82
ROA
13.2%▲
2020 · -12.8%
Debt
€150k▲
2020 · €84k
Debt ≤ 1 year
€106k▲
2020 · €40k
Debt > 1 year
€44k▲
2020 · €44k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2021 against 2020 · 38 lines
Balance sheet
Code20202021
Assets
Total assets20/58€60k€145k▲
Fixed assets21/28€22k€3k▼
Intangible fixed assets21€738€738=
Tangible fixed assets22/27€21k€2k▼
Furniture and vehicles24-€2k
Current assets29/58€38k€142k▲
Stocks and contracts in progress3-€125k
Stocks30/36-€125k
Amounts receivable within one year40/41€38k€16k▼
Trade receivables40-€13k
Other amounts receivable41-€3k
Cash at bank and in hand54/58-€134
Equity and liabilities
Total equity and liabilities10/49€60k€145k▲
Equity10/15€-24k€-5k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-43k€-24k▲
Amounts payable17/49€84k€150k▲
Amounts payable after more than one year17€44k€44k▲
Financial debts170/4-€44k
Amounts payable within one year42/48€40k€106k▲
Trade debts44€13k€22k▲
Suppliers440/4-€22k
Advances received on contracts in progress46-€69k
Taxes, remuneration and social security45-€2k
Taxes450/3-€2k
Other amounts payable47/48-€13k
Income statement
Code20202021
Non-recurring operating income76A-€5k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k-
Other operating charges640/8-€1k
Gross operating margin9900€-50k€21k▲
Operating profit (loss)9901€-64k€20k▲
Financial charges65/66B-€860
Recurring financial charges65-€860
Profit (loss) for the period before taxes9903€-8k€19k▲
Profit (loss) for the period9904€-8k€19k▲
Profit (loss) for the period to be appropriated9905€-8k€19k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€-24k
Profit (loss) brought forward from the previous period14P-€-43k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €5k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €11k | €11k | - | - |
| Other operating charges640/8 | - | - | - | €1k | - |
| Gross operating margin9900 | €61k | €-31k | €-50k | €21k | ▲ 142% |
| Operating profit (loss)9901 | €42k | €-45k | €-64k | €20k | ▲ 131% |
| Recurring financial income75 | €729 | - | - | - | - |
| Financial charges65/66B | - | - | - | €860 | - |
| Recurring financial charges65 | €70 | €156 | - | €860 | - |
| Profit (loss) for the period before taxes9903 | €43k | €-45k | €-8k | €19k | ▲ 349% |
| Profit (loss) for the period9904 | €43k | €-45k | €-8k | €19k | ▲ 349% |
| Profit (loss) for the period to be appropriated9905 | €43k | €-45k | €-8k | €19k | ▲ 349% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €62k | €69k | €60k | €145k | ▲ 143% |
| Fixed assets21/28 | €43k | €44k | €22k | €3k | ▼ 85.5% |
| Intangible fixed assets21 | - | €13k | €738 | €738 | = |
| Tangible fixed assets22/27 | €43k | €32k | €21k | €2k | ▼ 88.5% |
| Furniture and vehicles24 | - | - | - | €2k | - |
| Current assets29/58 | €19k | €24k | €38k | €142k | ▲ 275% |
| Stocks and contracts in progress3 | - | - | - | €125k | - |
| Stocks30/36 | - | - | - | €125k | - |
| Amounts receivable within one year40/41 | €19k | €24k | €38k | €16k | ▼ 56.9% |
| Trade receivables40 | - | - | - | €13k | - |
| Other amounts receivable41 | - | - | - | €3k | - |
| Cash at bank and in hand54/58 | €129 | - | - | €134 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €62k | €69k | €60k | €145k | ▲ 143% |
| Equity10/15 | €45k | €-17k | €-24k | €-5k | ▲ 78.7% |
| Contributions10/11 | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €27k | €-35k | €-43k | €-24k | ▲ 44.5% |
| Amounts payable17/49 | €17k | €85k | €84k | €150k | ▲ 78.8% |
| Amounts payable after more than one year17 | - | - | €44k | €44k | ▲ 0.7% |
| Financial debts170/4 | - | - | - | €44k | - |
| Amounts payable within one year42/48 | €17k | €85k | €40k | €106k | ▲ 165% |
| Trade debts44 | €1k | €20k | €13k | €22k | ▲ 65.2% |
| Suppliers440/4 | - | - | - | €22k | - |
| Advances received on contracts in progress46 | - | - | - | €69k | - |
| Taxes, remuneration and social security45 | - | - | - | €2k | - |
| Taxes450/3 | - | - | - | €2k | - |
| Other amounts payable47/48 | - | - | - | €13k | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43k | €-45k | €-8k | €19k | ▲ 349% |
| + Depreciation and write-downs630 | €11k | €11k | €11k | - | - |
| Operating cash flow (approximation) | €54k | €-34k | €3k | €19k | ▲ 483% |
| Investment in fixed assets (approximation) | - | €-13k | €11k | €19k | ▲ 63.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
20-01
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 13-01-2026
2022
14-09
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 08-09-2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €19k
Net result €19k after 2 loss-making years.
20-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 81 days late
2020
16-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 47 days late
2019
31-12
Financial
Weakest financial yearnet €-45k
Net result drops to €-45k, the lowest in the series.
05-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 36 days late
2018
18-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 49 days late
20-02
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 204 days late
2017
09-02
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 193 days late
2016
26-05
Bankruptcy
Bankruptcy reversal
Rechtbank van koophandel Antwerpen, afdeling Antwerpen
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | LIESBET JACOBS POPULIERENLAAN 43, 2630 AARTSE-
LAAR |
08-09-2022 → 13-01-2026 |