MMCR
ActiveSummary
MMCR has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €747,451 and a net result of -€36,086. Equity is growing by ~8.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability13▼-2
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity ample (current ratio 26.14 against 27.51 in 2023; short-term debt: 3.6% and cash: 91.9% of total assets), and 3.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
96.4%
Return on assets
-4.7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-06-2026, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 d early
2024
21 d late
2023
20 d late
2022
31 d late
2021
29 d late
2020
31 d late
2019
32 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 17 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 21 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€36,086▼ 53.1%
2023 · -€23,575
Working capital
€693,126▼ 8.9%
2023 · €760,961
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€215,817▲ 55.8%€142,806▼ 33.8%€29,898▼ 79.1%-€30,779-€45,563▼ 48.0%
Net result€157,748within the sector's middle half▲ 69.3%€102,469within the sector's middle half▼ 35.0%€20,930within the sector's middle half▼ 79.6%-€23,575below the sector's middle half-€36,086below the sector's middle half▼ 53.1%
Equity€683,713within the sector's middle half▲ 30.0%€786,182within the sector's middle half▲ 15.0%€807,113within the sector's middle half▲ 2.7%€783,538within the sector's middle half▼ 2.9%€747,451within the sector's middle half▼ 4.6%
Total assets€804,758within the sector's middle half▲ 21.6%€901,960within the sector's middle half▲ 12.1%€937,071within the sector's middle half▲ 3.9%€812,244within the sector's middle half▼ 13.3%€775,022within the sector's middle half▼ 4.6%
Debt€121,045▼ 11.0%€115,777▼ 4.4%€129,958▲ 12.2%€28,706▼ 77.9%€27,571▼ 4.0%
Working capital€671,387above the sector's middle half▲ 32.8%€781,982above the sector's middle half▲ 16.5%€775,347above the sector's middle half▼ 0.8%€760,961above the sector's middle half▼ 1.9%€693,126above the sector's middle half▼ 8.9%
Solvency85.0%above the sector's middle half▲ 5.5pp87.2%above the sector's middle half▲ 2.2pp86.1%above the sector's middle half▼ 1.0pp96.5%above the sector's middle half▲ 10.3pp96.4%above the sector's middle half=
Current ratio6.55above the sector's middle half▲ 1.837.75above the sector's middle half▲ 1.216.97above the sector's middle half▼ 0.7927.51above the sector's middle half▲ 20.5426.14above the sector's middle half▼ 1.37
Return on assets (ROA)19.6%above the sector's middle half▲ 5.5pp11.4%within the sector's middle half▼ 8.2pp2.2%within the sector's middle half▼ 9.1pp-2.9%below the sector's middle half▼ 5.1pp-4.7%below the sector's middle half▼ 1.8pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €45,563 in 2024 against €30,779 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €775,022
Fixed assets
€54,326 ▲ 141%
Current assets
€720,696 ▼ 8.7%
Equity and liabilities €775,022
Equity
€747,451 ▼ 4.6%
Debt
€27,571 ▼ 4.0%
Debt's share of the balance-sheet total stays at 3.6%.
Key figures and ratios
EBITDA
-€25,839▼
2023 · -€21,590
Cash flow
-€16,362▼
2023 · -€14,386
Debt to equity
0.04▲
2023 · 0.04
ROE
-4.8%▼
2023 · -3.0%
Interest coverage
-172.84▼
2023 · -93.25
Debt ≤ 1 year
€27,571▼
2023 · €28,706
Income taxes
€2,888▲
2023 · €2,616
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,687 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 94% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a small loss
0.6%
went bankrupt
5.4%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,687 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,126 | €8,126 | €9,189 | €9,189 | €19,724 | ▲ 115% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€75,855 | - | - | - | - |
| Other operating charges640/8 | - | €636 | €1,690 | €1,435 | €2,618 | ▲ 82.5% |
| Gross operating margin9900 | €224,533 | €75,713 | €40,776 | -€20,155 | -€23,221 | ▼ 15.2% |
| Operating profit (loss)9901 | €215,817 | €142,806 | €29,898 | -€30,779 | -€45,563 | ▼ 48.0% |
| Financial income75/76B | - | - | €1 | €10,051 | €12,514 | ▲ 24.5% |
| Recurring financial income75 | - | - | €1 | €10,051 | €12,514 | ▲ 24.5% |
| Financial charges65/66B | - | €864 | €2,093 | €232 | €149 | ▼ 35.4% |
| Recurring financial charges65 | €263 | €864 | €2,093 | €232 | €149 | ▼ 35.4% |
| Profit (loss) for the period before taxes9903 | €215,554 | €141,942 | €27,805 | -€20,959 | -€33,198 | ▼ 58.4% |
| Income taxes67/77 | €57,807 | €39,472 | €6,874 | €2,616 | €2,888 | ▲ 10.4% |
| Profit (loss) for the period9904 | €157,748 | €102,469 | €20,930 | -€23,575 | -€36,086 | ▼ 53.1% |
| Profit (loss) for the period to be appropriated9905 | €157,748 | €102,469 | €20,930 | -€23,575 | -€36,086 | ▼ 53.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €804,758 | €901,960 | €937,071 | €812,244 | €775,022 | ▼ 4.6% |
| Fixed assets21/28 | €12,326 | €4,200 | €31,766 | €22,577 | €54,326 | ▲ 141% |
| Tangible fixed assets22/27 | €8,126 | - | €27,566 | €18,377 | €50,126 | ▲ 173% |
| Furniture and vehicles24 | - | - | €27,566 | €18,377 | €10,395 | ▼ 43.4% |
| Other tangible fixed assets26 | - | - | - | - | €39,731 | - |
| Financial fixed assets28 | €4,200 | €4,200 | €4,200 | €4,200 | €4,200 | = |
| Current assets29/58 | €792,432 | €897,760 | €905,305 | €789,667 | €720,696 | ▼ 8.7% |
| Amounts receivable within one year40/41 | €71,786 | €71,453 | €62,283 | €56,572 | €8,699 | ▼ 84.6% |
| Trade receivables40 | - | €69,600 | €56,120 | €49,466 | - | - |
| Other amounts receivable41 | - | €1,853 | €6,163 | €7,106 | €8,699 | ▲ 22.4% |
| Cash at bank and in hand54/58 | €720,278 | €826,307 | €843,022 | €733,095 | €711,997 | ▼ 2.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €804,758 | €901,960 | €937,071 | €812,244 | €775,022 | ▼ 4.6% |
| Equity10/15 | €683,713 | €786,182 | €807,113 | €783,538 | €747,451 | ▼ 4.6% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Uncalled capital101 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €675,653 | €778,122 | €799,053 | €775,478 | €739,391 | ▼ 4.7% |
| Amounts payable17/49 | €121,045 | €115,777 | €129,958 | €28,706 | €27,571 | ▼ 4.0% |
| Amounts payable within one year42/48 | €121,045 | €115,777 | €129,958 | €28,706 | €27,571 | ▼ 4.0% |
| Trade debts44 | €5,649 | €2,508 | €63,458 | €10,378 | €4,851 | ▼ 53.3% |
| Suppliers440/4 | - | €2,508 | €63,458 | €10,378 | €4,851 | ▼ 53.3% |
| Taxes, remuneration and social security45 | - | €97,279 | €46,346 | - | - | - |
| Taxes450/3 | - | €97,279 | €46,346 | - | - | - |
| Other amounts payable47/48 | - | €15,990 | €20,154 | €18,328 | €22,720 | ▲ 24.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €157,748 | €102,469 | €20,930 | -€23,575 | -€36,086 | ▼ 53.1% |
| + Depreciation and write-downs630 | €8,126 | €8,126 | €9,189 | €9,189 | €19,724 | ▲ 115% |
| Operating cash flow (approximation) | €165,873 | €110,595 | €30,119 | -€14,386 | -€16,362 | ▼ 13.7% |
| Investment in fixed assets (approximation) | - | €0 | -€36,754 | €0 | -€51,473 | - |
| Change in cash | - | €106,028 | €16,716 | -€109,927 | -€21,098 | ▲ 80.8% |
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
Next filing, fiscal year 2026, expected by
2026
18-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 21 days late
2024
31-12
Financial
Weakest financial yearnet -€36,086
Net result drops to -€36,086, the lowest in the series.
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 20 days late
2023
31-12
Financial
Liquidity quadruplescurrent ratio 27.51
Current ratio from 6.97 to 27.51; short-term debt falls from €129,958 to €28,706.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €157,748 ▲69.3%
Operating result €215,817, net result €157,748, both a record.
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 32 days late
2019
31-12
Financial
Equity above €500,000Eq €525,965 ▲21.5%
2 profitable years in a row build equity to €525,965.
15-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 76 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
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.
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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, Brussel · 1 establishment unit since 2012
Ground area
1,012 m²
Building footprint
384 m²
Volume, LiDAR
7,710 m³
2 parcels, Brussels · tallest building 26.6 m, ±8 floors. Linked by address, not a title deed.
423
companies at this address
See who is registered here
1 establishment unit
René Gobertlaan 93, 1180 Ukkel
since 20122.206.834.627
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21803C0630/00H003 | Brussels | 808 m² | 1 · 279 m² | 26.6 m · 8 fl. |
| 21612C0164/00D013 | Brussels | 204 m² | 1 · 104 m² | 14.3 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
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
9845007V01BF09D7CL27
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 30,962 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded01-02-2012
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Not found in the Peppol register
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.