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MMDS

Active
Public limited companyfounded 2006active for 20 yearsEsplanadeplein 11, 9300 Aalst, BelgiumKBO/BCE: BE 0878.638.767
Summary

MMDS has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €256,166 and a net result of €67,273. Equity is shrinking by about 11% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2028. The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Activity
“De uitbouw en het beheer van een vermogen,zowel roerend als onroerend,alsmede alle handelingen die…” (deed in Dutch)
From the articles, 8 activitiesNo NACE code in the KBO yet1 site
Size
€893,431total assets 2025
Equity
€256,166
Profit
€67,273
Turnover not published (micro format)
Financial health
96 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Why 96lowers riskSize: total assets €893,431Figures for financial year 2025 (filed 30-06-2026)Liquidity: current ratio 130.23, cash €383,139Legal form: public limited companyShow the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 68% of its sector peers (no NACE code, micro)
Financial strength · tick = 2024
Strong
Solvency 54+8
equity 28.7% of total assets
Liquidity 100+44
short-term debt 0.3% · cash 42.9%
Profitability 78+3
return on assets 7.5%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025highest value 08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: 0.1%▲ +0.1 percentage points vs 05-2026 07-2026: < 0.1%▼ -0.1 percentage points vs 06-2026lowest value 08-2026: < 0.1%● unchanged vs 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026lowest value
Credit of up to €24,000 on 30-day terms is acceptable
short-term debt: 0.3% and cash: 42.9% of total assets, and 71.3% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro): better than 32% on solvency, 95% on liquidity, 61% on profitability and 83% on growth.

The bankruptcy probability was computed on 22-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskneutral
lowers risk · Size: total assets €893,431
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed 30-06-2026)
NBB · annual accounts
lowers risk · Liquidity: current ratio 130.23, cash €383,139
NBB · annual accounts
lowers risk · Legal form: public limited company
KBO
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €256,166
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
31 days early
2024
21 days early
2023
13 days early
2022
53 days early
2021
52 days early
2020
44 days early
2019
29 days early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 35 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
22-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Highest result from 2018 to 2025net €67,273 ▲43%
  3. Liquidity more than doubledcurrent ratio 130.23

Key points

  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2025: €67,273 8 years View
  • Positive: Equity rose in 2025from €188,893 to €256,166 ▲ 35.6% View

By topic

Financials

Financial year
2025
Total assets
€893,431
Profit
€67,273
Solvency
28.7%
Total assets▲ 0.9%
Net result
20182025
Go to Financials

Board & ownership

Board
3 members
  • SCHELFHOUT Frans Emile Marie CorneilleDirector
  • SCHELFHOUT Martine Robert Madeleine Marie CorneilleDirector
  • SCHELFHOUT Monique Germaine Emile Marie CorneilleDirector
Go to Board & ownership

Timeline

Events
26
Since
2007
Next accounts
by 31-07-2027
  1. 31-12-2025Equity above €200,000
  2. 10-07-2025Annual accounts filed
  3. 31-12-2024Equity above €150,000
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Founded
12-01-2006
Year ends
31-12
Peppol
Not found in the Peppol directory
Go to Company details

Articles of association

Provisions read
19
Annual meeting
First Saturday of June at 10:00
Purpose
“De uitbouw en het beheer van een vermogen,zowel roerend als onroerend,alsmede alle…” (deed in Dutch)
Go to Articles of association

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