MMG Services
ActiveSummary
MMG Services has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €19,688 and a net result of €4,768. Equity is growing by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 55% of 129 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.3% (very low).
What stands out
Overview
0 of 6 deeds readAccounts 59 d earlyTurnover not published (abridged schema)
Why 87- Higher-failure-rate region+ Lower-failure-rate sector+ Long track record+ Annual accounts: healthy financial profileLatest accounts filed on timeShow the evidence
Checked score
Score 2026
Axes · tick = 2025
Profitability87▲+17
Solvency86▼-14
Growth75▲+16
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 1.87 against 25.88 in 2025; short-term debt: 17.8% and cash: 33.2% of total assets), and 38.9% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
61.1%
Return on assets
14.8%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-01-2026 was due by 31-08-2026 and was filed on 03-07-2026, 59 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
59 d early
2025
45 d early
2024
64 d early
2023
60 d early
2022
6 d early
2021
18 d early
2020
6 d early
← 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 37 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-01-2027 and is due by 31-08-2027. Nothing is late today. Usually files around 3 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-01-2027 close31-08-2027 deadline
- Annual accounts filedfiscal year 2026 · micro…
- Annual accounts filedfiscal year 2025 · micro…
- Liquidity doublescurrent ratio 25.88
Financials
Fiscal year 2026Total assets €32,201Profit €4,768Solvency 61.1%Liquidity 1.87
Turnover
€74,919▼ 6.6%
2019 - 2022
Net result
€4,768▲ 2,841%
2019 - 2026
Equity
€19,688▲ 32.0%
2019 - 2026
Solvency
61.1%▼ 35.4pp
2019 - 2026
Financials · fiscal year 2026, micro schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252026
Turnover€74,919▼ 6.6%
Operating result€1,803▼ 86.1%-€4,435€886€383▼ 56.8%€5,947▲ 1,453%
Net result€47within the sector's middle half▼ 99.5%-€5,205below the sector's middle half€155within the sector's middle half€162below the sector's middle half▲ 4.7%€4,768▲ 2,841%
EBIT margin2.4%▼ 13.8pp
Equity€19,807within the sector's middle half▲ 0.2%€14,602within the sector's middle half▼ 26.3%€14,757within the sector's middle half▲ 1.1%€14,919within the sector's middle half▲ 1.1%€19,688▲ 32.0%
Total assets€43,824below the sector's middle half▼ 8.0%€19,905below the sector's middle half▼ 54.6%€15,844below the sector's middle half▼ 20.4%€15,447below the sector's middle half▼ 2.5%€32,201▲ 108%
Debt€24,017▼ 13.9%€5,303▼ 77.9%€1,086▼ 79.5%€528▼ 51.4%€12,513▲ 2,271%
Working capital€13,728within the sector's middle half▼ 3.5%€7,594within the sector's middle half▼ 44.7%€11,228within the sector's middle half▲ 47.9%€13,130within the sector's middle half▲ 16.9%€4,999▼ 61.9%
Solvency45.2%within the sector's middle half▲ 3.7pp73.4%within the sector's middle half▲ 28.2pp93.1%above the sector's middle half▲ 19.8pp96.6%above the sector's middle half▲ 3.4pp61.1%▼ 35.4pp
Current ratio1.70within the sector's middle half▼ 0.032.43within the sector's middle half▲ 0.7311.33above the sector's middle half▲ 8.9025.88above the sector's middle half▲ 14.541.87▼ 24.00
Return on assets (ROA)0.1%within the sector's middle half▼ 18.3pp-26.1%below the sector's middle half▼ 26.3pp1.0%within the sector's middle half▲ 27.1pp1.0%within the sector's middle half▲ 0.1pp14.8%▲ 13.8pp
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result recovers in 2026; 2026 is 1,453% above 2025 and is the highest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €32,201
Fixed assets
€21,481 ▲ 1,100%
Current assets
€10,720 ▼ 21.5%
Equity and liabilities €32,201
Equity
€19,688 ▲ 32.0%
Debt
€12,513 ▲ 2,271%
Debt's share of the balance-sheet total rises from 3.4% to 38.9%. Equity and debt are higher.
Key figures and ratios
Key figures and ratios
EBITDA
€9,114▲
2025 · €2,123
Cash flow
€7,936▲
2025 · €1,902
Debt to equity
0.64▲
2025 · 0.04
ROE
24.2%▲
2025 · 1.1%
Interest coverage
16.52▲
2025 · 13.00
Debt ≤ 1 year
€5,720▲
2025 · €528
Debt > 1 year
€6,793
Income taxes
€627▲
2025 · €57
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
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 497,341 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% | 1.8% |
| 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 34,696 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.
Filed annual accounts
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €74,919 | - | - | - | - | - |
| Non-recurring operating income76A | - | - | - | - | €10,260 | - |
| Goods, raw materials, services and sundry goods60/61 | €69,564 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,479 | €3,479 | €3,479 | €1,740 | €3,167 | ▲ 82.1% |
| Other operating charges640/8 | €73 | €66 | - | €44 | - | - |
| Gross operating margin9900 | €5,356 | -€890 | €4,365 | €2,166 | €9,114 | ▲ 321% |
| Operating profit (loss)9901 | €1,803 | -€4,435 | €886 | €383 | €5,947 | ▲ 1,453% |
| Financial charges65/66B | €1,723 | €769 | €689 | €163 | €552 | ▲ 238% |
| Recurring financial charges65 | €1,723 | €769 | €689 | €163 | €552 | ▲ 238% |
| Profit (loss) for the period before taxes9903 | €80 | -€5,205 | €197 | €220 | €5,395 | ▲ 2,357% |
| Income taxes67/77 | €33 | - | €42 | €57 | €627 | ▲ 992% |
| Profit (loss) for the period9904 | €47 | -€5,205 | €155 | €162 | €4,768 | ▲ 2,841% |
| Profit (loss) for the period to be appropriated9905 | €47 | -€5,205 | €155 | €162 | €4,768 | ▲ 2,841% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €43,824 | €19,905 | €15,844 | €15,447 | €32,201 | ▲ 108% |
| Fixed assets21/28 | €10,488 | €7,009 | €3,529 | €1,790 | €21,481 | ▲ 1,100% |
| Tangible fixed assets22/27 | €10,438 | €6,959 | €3,479 | €1,740 | €21,431 | ▲ 1,132% |
| Furniture and vehicles24 | €10,438 | €6,959 | €3,479 | €1,740 | €21,431 | ▲ 1,132% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €33,336 | €12,896 | €12,314 | €13,657 | €10,720 | ▼ 21.5% |
| Amounts receivable within one year40/41 | €24,866 | €4,258 | €4,669 | €2,813 | €26 | ▼ 99.1% |
| Trade receivables40 | €24,866 | €4,258 | €4,669 | €2,813 | - | - |
| Other amounts receivable41 | - | - | - | - | €26 | - |
| Cash at bank and in hand54/58 | €7,695 | €8,507 | €7,645 | €10,844 | €10,694 | ▼ 1.4% |
| Deferred charges and accrued income490/1 | €775 | €131 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €43,824 | €19,905 | €15,844 | €15,447 | €32,201 | ▲ 108% |
| Equity10/15 | €19,807 | €14,602 | €14,757 | €14,919 | €19,688 | ▲ 32.0% |
| Contributions10/11 | €8,200 | €8,200 | €10,060 | €10,060 | €10,060 | = |
| Reserves13 | €1,860 | €1,860 | - | - | - | - |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Profit (loss) carried forward14 | €9,747 | €4,542 | €4,697 | €4,859 | €9,628 | ▲ 98.1% |
| Amounts payable17/49 | €24,017 | €5,303 | €1,086 | €528 | €12,513 | ▲ 2,271% |
| Amounts payable after more than one year17 | €4,410 | - | - | - | €6,793 | - |
| Financial debts170/4 | €4,410 | - | - | - | €6,793 | - |
| Amounts payable within one year42/48 | €19,607 | €5,303 | €1,086 | €528 | €5,720 | ▲ 984% |
| Current portion of amounts payable after more than one year42 | €4,029 | €4,410 | €341 | - | €4,598 | - |
| Trade debts44 | €7,876 | €163 | - | - | €20 | - |
| Suppliers440/4 | €3,693 | €163 | - | - | €20 | - |
| Bills of exchange payable441 | €4,184 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €7,702 | €730 | €715 | €528 | €1,103 | ▲ 109% |
| Taxes450/3 | €1,443 | €535 | €715 | €528 | €1,103 | ▲ 109% |
| Remuneration and social security454/9 | €6,259 | €195 | - | - | - | - |
| Other amounts payable47/48 | - | - | €30 | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €47 | -€5,205 | €155 | €162 | €4,768 | ▲ 2,841% |
| + Depreciation and write-downs630 | €3,479 | €3,479 | €3,479 | €1,740 | €3,167 | ▲ 82.1% |
| Operating cash flow (approximation) | €3,527 | -€1,725 | €3,634 | €1,902 | €7,936 | ▲ 317% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€22,859 | - |
| Change in cash | - | €812 | -€862 | €3,199 | -€151 | ▼ 105% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
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ADM-US
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MADZOU
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VIRE
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Of 11,204 companies in this sector we hold annual accounts for 3,517. 2,251 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
15 eventsLatest 03-07-2026Next filing 31-08-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2027, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-01
Financial
Liquidity doublescurrent ratio 25.88
Current ratio from 11.33 to 25.88; short-term debt falls from €1,086 to €528.
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-01
Financial
Back to profitnet €155
Net result €155 after one loss-making year.
31-01
Financial
Liquidity times 5current ratio 11.33
Current ratio from 2.43 to 11.33; short-term debt falls from €5,303 to €1,086.
2023
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-01
Financial
Weakest financial yearnet -€5,205
Net result drops to -€5,205, the lowest in the series; recovery starts the following year.
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
13-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-01
Financial
Highest result since 2019net €8,751 ▲449%
Operating result €12,977, net result €8,751, both a record.
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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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Company details
Private limited company · founded 05-04-2011Year ends 31-01Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded05-04-2011
Fiscal year end31-01
Activities, NACEBEL 2025
82100Office administrative and support services
43120Site preparation
53200Other postal and courier activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0835190586
Registered
04-06-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Hannut · 1 establishment unit since 2011
Ground area
3,167 m²
Building footprint
138 m²
Parcel 64051A0099/00E002, Wallonia. Linked by address, not a title deed.
1 establishment unit
MMG Services
since 2011unit no. 2.198.041.675
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64051A0099/00E002 | Wallonia | 3,167 m² | 1 · 138 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Go further with this company
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