Debts
€149,978 104% of the balance sheet
Financial debts 30%Suppliers 14%Taxes and wages 1%Other 55%
Of this, €105,650 falls due within a year.
MM SOLUTION
Overview
Lifetime
7 annual accounts with figures on one time axispeak €61,173 (2018)
€20,987▲ €70,680
lowest -€45,190 (2019)
€19,072▲ €26,732
peak €45,151 (2018)
-€5,173▲ €19,072
€149,978▲ 78.8%
Board3 names since 2021
1 directorJacky Musenzeka
Documentsfilings and deeds
31-08-202231 days late
2021micro format
Gross margin from -€49,693 to €20,987Back to profit: €19,072Equity from -€24,245 to -€5,173Debts from €83,870 to €149,978
Key points
from the 2021 annual accounts, the last ones filedFilings
7 annual accounts 7 late
The 2016 accounts came latest: 204 days after the end of the period.
No score
Recent changes
Bankruptcy closure (insufficient assets)
Enterprise Court of Antwerp, Antwerp division · judgment of 13-01-2026 · Bankruptcy
Bankruptcy published
Enterprise Court of Antwerp, Antwerp division · judgment of 08-09-2022 · Bankruptcy
1 director appointed, 2 resignations
Resignations: Petrosyan Mushegh and Kuzmenko Marina · Appointment: Jacky Musenzeka · Director discharge: Petrosyan Mushegh · General meeting of 07-03-2022 · Gazette deed
Bankruptcy reversal
Commercial Court of Antwerp, Antwerp division · Bankruptcy
Official details
Source: KBO- Status
- Inactivedeed of incorporation of 14-11-2014 · bankruptcy closed on 13-01-2026
- Activity
- No activity registered in the KBO
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2021
- €20,987
- ≈ €160,000estimated
- €19,072
- -€5,173▲ 78.7%
- €144,805▲ 143%
- Filing
- Filed on 31-08-2022
Insights on MM SOLUTION
Equity fell from €45,151 in 2018 to -€5,173 in 2021, while debts rose from €16,527 to €149,978.
On 8 September 2022 the court declared MM SOLUTION bankrupt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2021
micro format, filed on 31-08-2022, 31 days late€20,987
▲ €70,680
€19,932
▲ €83,529
€19,072
▲ €26,732
€35,987
▲ €38,099
-3.6%
▲ 37.1 percentage points
1.34
▲ 0.39
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €160,000. Estimated: probably between €73,000 and €380,000.
Balance sheet
balance sheet total €144,805 on 31-12-2021What the company ownsHow it is paid for
in euro
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
144,805 | 59,625 | 68,592 | 61,678 | 9,424 | 6,982 | 43,604 | |
21/28 |
3,168 | 21,894 | 44,280 | 43,022 | - | - | - | |
21 |
738 | 738 | 12,606 | - | - | - | - | |
22/27 |
2,430 | 21,156 | 31,674 | 43,022 | - | - | - | |
24 |
2,430 | 21,156 | 31,674 | 43,022 | - | - | - | |
29/58 |
141,637 | 37,731 | 24,312 | 18,656 | 9,424 | 6,982 | 43,604 | |
3 |
125,232 | - | - | - | - | - | - | |
30/36 |
125,232 | - | - | - | - | - | - | |
40/41 |
16,271 | 37,731 | 24,312 | 18,527 | 9,424 | 6,833 | 43,604 | |
40 |
12,928 | 3,400 | 950 | - | 1,120 | - | 30,852 | |
41 |
3,343 | 34,331 | 23,362 | 18,527 | 8,304 | 6,833 | 12,752 | |
54/58 |
134 | - | - | 129 | - | 149 | - | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
144,805 | 59,625 | 68,592 | 61,678 | 9,424 | 6,982 | 43,604 | |
10/15 |
-5,173 | -24,245 | -16,585 | 45,151 | 2,055 | -25,170 | 16,305 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
14 |
-23,773 | -42,845 | -35,185 | 26,551 | -16,545 | -43,770 | -2,295 | |
17/49 |
149,978 | 83,870 | 85,177 | 16,527 | 7,369 | 32,152 | 27,299 | |
17 |
44,328 | 44,027 | - | - | - | - | - | |
170/4 |
44,328 | 44,027 | - | - | - | - | - | |
42/48 |
105,650 | 39,843 | 85,177 | 16,527 | 7,369 | 32,152 | 27,299 | |
43 |
- | - | 59,519 | - | - | - | 95 | |
430/8 |
- | - | 59,519 | - | - | - | 95 | |
44 |
21,528 | 13,035 | 19,823 | 1,102 | 7,369 | 32,152 | 254 | |
440/4 |
21,528 | 13,035 | 19,823 | 1,102 | 7,369 | 32,152 | 254 | |
46 |
69,250 | - | - | - | - | - | 23,041 | |
45 |
2,197 | 9,718 | 4,385 | 15,425 | - | - | 3,909 | |
450/3 |
2,197 | 9,718 | 4,385 | - | - | - | 3,909 | |
454/9 |
- | - | - | 15,425 | - | - | - | |
47/48 |
12,675 | 17,090 | 1,450 | - | - | - | - | |
| Income statement | ||||||||
76A |
5,464 | - | - | - | - | - | - | |
9900 |
20,987 | -49,693 | -30,611 | 61,173 | 27,225 | -41,419 | -787 | |
630 |
- | 10,930 | 11,348 | 10,948 | - | - | - | |
640/8 |
1,055 | 2,974 | 3,075 | 7,788 | - | - | 1,274 | |
9901 |
19,932 | -63,597 | -45,034 | 42,437 | 27,225 | -41,419 | -2,061 | |
75/76B |
- | 67,805 | - | 729 | - | 62 | - | |
75 |
- | - | - | 729 | - | 62 | - | |
76B |
- | 67,805 | - | - | - | - | - | |
65/66B |
860 | 11,868 | 156 | 70 | - | 118 | 234 | |
65 |
860 | - | 156 | 70 | - | 118 | 234 | |
66B |
- | 11,868 | - | - | - | - | - | |
9903 |
19,072 | -7,660 | -45,190 | 43,096 | 27,225 | -41,475 | -2,295 | |
9904 |
19,072 | -7,660 | -45,190 | 43,096 | 27,225 | -41,475 | -2,295 | |
9905 |
19,072 | -7,660 | -45,190 | 43,096 | 27,225 | -41,475 | -2,295 | |
| Appropriation of the result | ||||||||
9906 |
-23,773 | -42,845 | -35,185 | 26,551 | -16,545 | -43,770 | -2,295 | |
14P |
-42,845 | - | - | - | - | - | - | |
| Document | ||||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2021 (PDF), filed on 31-08-2022.
Filings
each dot is a set of accounts, on the day it reached the National Bank2021 annual accounts filed 31 days after the deadline. Filed on 31 August 2022, deadline 31 July 2022 (7 months after the close on 31 December 2021, Companies Code art. 3:10). Source: NBB, 2022-20393104.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2021 | micro format | 31-08-2022 | 2022-20393104 | |
| 31-12-2020 | micro format | 20-10-2021 | 2021-72400452 | |
| 31-12-2019 | micro format | 16-09-2020 | 2020-54400283 | |
| 31-12-2018 | micro format | 05-09-2019 | 2019-63200169 | |
| 31-12-2017 | micro format | 18-09-2018 | 2018-63400152 | |
| 31-12-2016 | micro format | 20-02-2018 | 2018-05200308 | |
| 31-12-2015 | abbreviated format | 09-02-2017 | 2017-04300515 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|
| - | -52,667 | -33,686 | 53,385 | - | - | - | ||
| - | 3,270 | -33,842 | 54,044 | - | - | - | ||
| 2,100 | 412 | 12,606 | 53,970 | - | - | - | ||
| 35,987 | -2,112 | -60,865 | 2,129 | 2,055 | -25,170 | 16,305 | ||
| -3.6% | -40.7% | -24.2% | 73.2% | 21.8% | -360.5% | 37.4% | ||
| 1.34 | 0.95 | 0.29 | 1.13 | 1.28 | 0.22 | 1.60 | ||
| 0.16 | 0.95 | 0.29 | 1.13 | 1.28 | 0.22 | 1.60 | ||
| - | - | - | 0.37 | 3.59 | - | 1.67 | ||
| - | - | - | 95.4% | - | - | -14.1% | ||
| 13.2% | -12.8% | -65.9% | 69.9% | 288.9% | -594.0% | -5.3% |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2021 |
|---|---|
| Tangible fixed assets | €2,100 |
Source: notes to the 2021 annual accounts (statement of fixed assets)
Insights on MM SOLUTION
The operating result for 2021 is a profit of €19,932, after a loss of €63,597 in 2020. It is the highest result since 2018.
Equity is negative. Debt (€149,978) exceeds the balance-sheet total (€144,805).
Board & ownership
Curators
2 mandatesCurator, Populierenlaan 43, 2630 Aartse- Laar
from 08-09-2022 to 13-01-2026
Also on 230 other cases
Curator, Frankrijklei 115, 2018 Antwerpen 1
from 17-03-2016 to 26-05-2016
Also on 184 other cases
Last board
1 director, last change in 2022Mandates through the years
3 names, the dashed line is todayBoardEarliermandate already running before its first mentionBankruptcy 08-09-2022
Mandates as a list
- Jacky Musenzeka
- Director, from before 31-12-2021, until the bankruptcy of 08-09-2022
- Kuzmenko Marina
- Director, until 05-04-2022
- Petrosyan Mushegh
- Director, until 05-04-2022
Control
Capital
- Contribution
- €18,600
- Source
- 2021 annual accounts
Network & group
No group
MM SOLUTION has no parent and no holdings in its annual accounts. Jacky Musenzeka is the only director. MM SOLUTION shares no director with another company.
Timeline
Timeline
18 events since 2014Board
Filings
Financial
Insolvency
2014201620182020202220242026
2026
Bankruptcy closure (insufficient assets) Enterprise Court of Antwerp, Antwerp division · judgment of 13-01-2026
2022
Bankruptcy published Enterprise Court of Antwerp, Antwerp division · judgment of 08-09-2022
Annual accounts 2021 filed PDFmicro format · 31 days late
1 director appointed, 2 resignationsResignations: Petrosyan Mushegh and Kuzmenko Marina · Appointment: Jacky Musenzeka · Director discharge: Petrosyan Mushegh · General meeting of 07-03-20226 points ▸
- General meeting, 07-03-2022
- Director resignation, Petrosyan Mushegh
- Director resignation, Kuzmenko Marina
- Director discharge, Petrosyan Mushegh
- Director discharge, Kuzmenko Marina
- Director appointment, Jacky Musenzeka
2021
Back to profit net €19,072 The net result is €19,072, after 2 loss-making years.
Annual accounts 2020 filed PDFmicro format · 81 days late
2020
Annual accounts 2019 filed PDFmicro format · 47 days late
2019
Weakest financial year net -€45,190 The net result drops to -€45,190, the lowest from 2015 to 2021.
Annual accounts 2018 filed PDFmicro format · 36 days late
2018
Highest result from 2015 to 2021 net €43,096 ▲58.3% The operating result of €42,437 and the net result of €43,096 are both a record.
Annual accounts 2017 filed PDFmicro format · 49 days late
Annual accounts 2016 filed PDFmicro format · 204 days late
2017
Back to profit net €27,225 The net result is €27,225, after 2 loss-making years.
Liquidity more than 5 times current ratio 1.28 The current ratio rises from 0.22 to 1.28. Short-term debt falls from €32,152 to €7,369.
Annual accounts 2015 filed PDFabbreviated format · 193 days late
2016
Bankruptcy reversal Commercial Court of Antwerp, Antwerp division
Bankruptcy published Commercial Court of Antwerp, Antwerp division · judgment of 17-03-2016
2014
Incorporation PDF7 publications in the Belgian Official Gazette, the last on 20-01-2026
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Inactive
MM SOLUTION is no longer in the KBO register.
- Last annual accounts
- financial year to 31 December 2021
- Last registered office
- Franklin Rooseveltplaats 12, Bus 21, 2060 Antwerpen 6as published on 5 April 2022
- Legal form
- Private limited company (pre-2019)
- First annual accounts
- financial year 2015