MMAB
ActiveThe computed 12-month bankruptcy probability of MMAB is 1.6% (moderate). The 2024 annual accounts show equity of €26k and a net result of €-21k. Equity is shrinking by ~29.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 75% of 15866 sector peers (fiscal year 2024). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency96▼-4
Growth32=
Stability100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 1.84 against 2.6 in 2023), and 28.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
71.1%
Return on assets
-58%
Age of the figures
20 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€21k
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-05-2026, 294 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
294 d late
2023
426 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€26k▼ 44.9%
2023 · €47k
2018: €208k
2019: €200k
2020: €221k
2021: €113k
2022: €76k
2023: €47k
2018 → 2024
Total assets
€37k▼ 41.4%
2023 · €62k
2018: €270k
2019: €295k
2020: €307k
2021: €231k
2022: €245k
2023: €62k
2018 → 2024
Net result
€-21k▲ 24.8%
2023 · €-28k
2018: €16k
2019: €-8k
2020: €21k
2021: €-23k
2022: €-38k
2023: €-28k
2018 → 2024
Working capital
€8k▼ 66.4%
2023 · €24k
2018: €72k
2019: €-42k
2020: €-43k
2021: €-68k
2022: €-109k
2023: €24k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€221k-€113k▼ 48.7%€76k▼ 33.4%€47k▼ 37.4%€26k▼ 44.9%
Operating result€73k-€52k▼ 28.1%€27k▼ 48.8%€34k▲ 25.4%€-28k
Net result€21k-€-23k€-38k▼ 63.4%€-28k▲ 25.3%€-21k▲ 24.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €28k after €34k in 2023, the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €37k
Fixed assets
€19k▼ 18.6%
Current assets
€18k▼ 54.7%
Equity and liabilities €37k
Equity
€26k▼ 44.9%
Debt
€11k▼ 30.2%
The debt ratio rises from 24.3% to 28.9%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€-22k▼
2023 · €39k
Cash flow
€-15k▲
2023 · €-22k
Solvency
71.1%▼
2023 · 75.7%
Current ratio
1.84▼
2023 · 2.60
Quick ratio
1.84▼
2023 · 2.60
Debt / equity
0.41▲
2023 · 0.32
ROE
-81.6%▼
2023 · -59.7%
ROA
-58.0%▼
2023 · -45.2%
Interest coverage
-59.62▼
2023 · 0.63
Debt
€11k▼
2023 · €15k
Debt ≤ 1 year
€10k▼
2023 · €15k
Income taxes
€165▲
2023 · €0
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€62k€37k▼
Fixed assets21/28€23k€19k▼
Tangible fixed assets22/27€23k€19k▼
Furniture and vehicles24€17k€12k▼
Other tangible fixed assets26€6k€7k▲
Current assets29/58€39k€18k▼
Amounts receivable within one year40/41€17k€14k▼
Trade receivables40€2k€7k▲
Other amounts receivable41€15k€6k▼
Cash at bank and in hand54/58€16k€3k▼
Deferred charges and accrued income490/1€6k€731▼
Equity and liabilities
Total equity and liabilities10/49€62k€37k▼
Equity10/15€47k€26k▼
Contributions10/11€12k€14k▲
Reserves13€105k€104k▼
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€104k€104k=
Profit (loss) carried forward14€-71k€-92k▼
Amounts payable17/49€15k€11k▼
Amounts payable within one year42/48€15k€10k▼
Trade debts44€2k€1k▼
Suppliers440/4€2k€1k▼
Advances received on contracts in progress46-€7k
Taxes, remuneration and social security45€13k€165▼
Taxes450/3€13k€165▼
Other amounts payable47/48-€1k
Accrued charges and deferred income492/3-€900
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k▲
Other operating charges640/8€751€644▼
Non-recurring operating charges66A€125€126▲
Gross operating margin9900€40k€-21k▼
Operating profit (loss)9901€34k€-28k▼
Financial income75/76B€96€8k▲
Recurring financial income75€96€67▼
Non-recurring financial income76B-€8k
Financial charges65/66B€62k€370▼
Recurring financial charges65€62k€370▼
Profit (loss) for the period before taxes9903€-28k€-21k▲
Income taxes67/77€0€165▲
Profit (loss) for the period9904€-28k€-21k▲
Profit (loss) for the period to be appropriated9905€-28k€-21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-71k€-92k▼
Profit (loss) brought forward from the previous period14P€-42k€-71k▼
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
2026
21-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 294 days late
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 426 days late
2023
31-12
Financial
Liquidity times 7current ratio 2.60
Current ratio from 0.35 to 2.60; short-term debt falls from €168k to €15k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-38k
Net result drops to €-38k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 26 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, Anderlecht · 1 establishment unit since 2009
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.
Karel Vande Woestijnestraat 521070 AnderlechtGround area
1,606 m²
Building footprint
278 m²
Volume, LiDAR
1,231 m³
2 parcels, Brussels · tallest building 9.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MMAB
since 20092.180.164.674
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614H0055/00R065 | Brussels | 1,447 m² | 1 · 223 m² | 6.2 m · 1 fl. |
| 21001A0345/00F003 | Brussels | 159 m² | 1 · 55 m² | 9.7 m · 3 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.
Recognitions · licences · registrations
Legal Entity Identifier
5493003INMG0KDXA8Y60
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Of 4,406 companies in sector 46180 we hold annual accounts for 1,875. 1,214 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-06-2009
Fiscal year end31-12
Activities, NACEBEL
46180Agents specialised in the wholesale of other particular products
46190Agents in non-specialised wholesale trade
70200Business and other management consultancy
70210Activities of head offices; management consultancy activities
70220Business consulting
73300Public relations and communication consultancy
82300Organisation of conventions and trade shows
90032Arts creation and performing arts activities
90120Visual arts creation
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0477/255333