MMGDev
ActiveSummary
MMGDev has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €191,102 and a net result of €16,344. Equity is shrinking by ~4.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.2% (very low).
Financials · fiscal year 2025, micro schema
Equity
€191,102▲ 9.4%
2024 · €174,758
Total assets
€483,842▼ 3.3%
2024 · €500,395
Net result
€16,344
2024 · -€9,086
Working capital
-€180,531▼ 41.6%
2024 · -€127,478
Trend over the years
2021 to 2025, 5 fiscal years 2018 to 2025, 8 fiscal years
The operating result returns to profit in 2025: €19,323 after a loss of €8,797 in 2024, the highest result in the available series.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
Operating result€19,323
2025
Net result€16,344
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€483,842
2025
Equity€191,102
2025
Debt€292,740
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€180,531
2025
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€27,986-€2,079-€18,198€15,415-€8,463-€36,722▼ 334%-€8,797▲ 76.0%€19,323
Net result-€27,008-€788-€20,847€12,958-€10,675-€39,059▼ 266%-€9,086▲ 76.7%€16,344
Equity€240,679-€241,467▲ 0.3%€220,620▼ 8.6%€233,578▲ 5.9%€222,903▼ 4.6%€183,845▼ 17.5%€174,758▼ 4.9%€191,102▲ 9.4%
Total assets€396,999-€573,144▲ 44.4%€593,371▲ 3.5%€597,207▲ 0.6%€576,923▼ 3.4%€551,285▼ 4.4%€500,395▼ 9.2%€483,842▼ 3.3%
Debt€156,320-€331,677▲ 112%€372,751▲ 12.4%€363,628▼ 2.4%€354,020▼ 2.6%€367,440▲ 3.8%€325,636▼ 11.4%€292,740▼ 10.1%
Working capital€128,919-€246,308▲ 91.1%€156,711▼ 36.4%€122,940▼ 21.5%€4,157▼ 96.6%-€68,218-€127,478▼ 86.9%-€180,531▼ 41.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €483,842
Fixed assets
€371,633 ▲ 7.7%
Current assets
€112,209 ▼ 27.8%
Equity and liabilities €483,842
Equity
€191,102 ▲ 9.4%
Debt
€292,740 ▼ 10.1%
Debt's share of the balance-sheet total falls from 65.1% to 60.5%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
0.38▼
2024 · 0.55
Debt to equity
1.53▼
2024 · 1.86
ROE
8.6%▲
2024 · -5.2%
ROA
3.4%▲
2024 · -1.8%
Debt ≤ 1 year
€292,740▲
2024 · €282,930
Income taxes
€3,914▲
2024 · €542
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €19,950 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €276 | €276 | €2,545 | €9,826 | €9,826 | €9,826 | €9,826 | - | - |
| Other operating charges640/8 | - | - | - | €462 | €701 | €29,106 | €1,057 | €332 | ▼ 68.6% |
| Non-recurring operating charges66A | - | - | - | €100 | - | - | - | - | - |
| Gross operating margin9900 | -€26,933 | €3,140 | -€12,326 | €25,804 | €2,065 | €2,211 | €2,087 | €19,655 | ▲ 842% |
| Operating profit (loss)9901 | -€27,986 | €2,079 | -€18,198 | €15,415 | -€8,463 | -€36,722 | -€8,797 | €19,323 | ▲ 320% |
| Financial income75/76B | - | - | - | €4,787 | €2,615 | €1,556 | €675 | €1,037 | ▲ 53.6% |
| Recurring financial income75 | €4,473 | €8,918 | €6,528 | €4,787 | €2,615 | €1,556 | €675 | €1,037 | ▲ 53.6% |
| Financial charges65/66B | - | - | - | €7,244 | €4,828 | €3,345 | €422 | €102 | ▼ 75.8% |
| Recurring financial charges65 | €3,200 | €9,856 | €8,978 | €7,244 | €4,828 | €3,345 | €422 | €102 | ▼ 75.8% |
| Profit (loss) for the period before taxes9903 | -€26,712 | €1,142 | -€20,649 | €12,958 | -€10,675 | -€38,512 | -€8,544 | €20,258 | ▲ 337% |
| Income taxes67/77 | €296 | €354 | €199 | - | - | €547 | €542 | €3,914 | ▲ 622% |
| Profit (loss) for the period9904 | -€27,008 | €788 | -€20,847 | €12,958 | -€10,675 | -€39,059 | -€9,086 | €16,344 | ▲ 280% |
| Profit (loss) for the period to be appropriated9905 | -€27,008 | €788 | -€20,847 | €12,958 | -€10,675 | -€39,059 | -€9,086 | €16,344 | ▲ 280% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €396,999 | €573,144 | €593,371 | €597,207 | €576,923 | €551,285 | €500,395 | €483,842 | ▼ 3.3% |
| Fixed assets21/28 | €207,937 | €207,661 | €254,248 | €244,421 | €304,595 | €294,769 | €344,942 | €371,633 | ▲ 7.7% |
| Tangible fixed assets22/27 | €317 | €41 | €46,628 | €36,802 | €26,975 | €17,149 | €7,323 | - | - |
| Furniture and vehicles24 | - | - | - | €36,802 | €26,975 | €17,149 | €7,323 | - | - |
| Other tangible fixed assets26 | - | - | - | €0 | €0 | €0 | - | - | - |
| Financial fixed assets28 | €207,620 | €207,620 | €207,620 | €207,620 | €277,620 | €277,620 | €337,620 | €371,633 | ▲ 10.1% |
| Current assets29/58 | €189,063 | €365,484 | €339,123 | €352,786 | €272,328 | €256,516 | €155,452 | €112,209 | ▼ 27.8% |
| Amounts receivable after more than one year29 | - | - | - | €54,216 | €8,500 | - | - | - | - |
| Trade receivables290 | - | - | - | €54,216 | €8,500 | - | - | - | - |
| Amounts receivable within one year40/41 | €45,202 | €194,858 | €225,727 | €186,530 | €185,258 | €154,674 | €37,746 | - | - |
| Trade receivables40 | - | - | - | €54,793 | €54,793 | €54,793 | €20,500 | - | - |
| Other amounts receivable41 | - | - | - | €131,737 | €130,466 | €99,882 | €17,246 | - | - |
| Cash at bank and in hand54/58 | €4,469 | €20,470 | €8,895 | €110,544 | €77,098 | €100,278 | €116,347 | €112,209 | ▼ 3.6% |
| Deferred charges and accrued income490/1 | - | - | - | €1,496 | €1,472 | €1,564 | €1,359 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €396,999 | €573,144 | €593,371 | €597,207 | €576,923 | €551,285 | €500,395 | €483,842 | ▼ 3.3% |
| Equity10/15 | €240,679 | €241,467 | €220,620 | €233,578 | €222,903 | €183,845 | €174,758 | €191,102 | ▲ 9.4% |
| Contributions10/11 | €110,000 | €110,000 | €110,000 | €110,000 | €121,000 | €121,000 | €121,000 | €121,000 | = |
| Reserves13 | €29,752 | €30,540 | €30,540 | €30,540 | €19,540 | €19,540 | €19,540 | €35,884 | ▲ 83.6% |
| Non-distributable reserves130/1 | - | - | - | €11,000 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €11,000 | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €19,540 | €19,540 | €19,540 | €19,540 | €35,884 | ▲ 83.6% |
| Profit (loss) carried forward14 | €100,927 | €100,927 | €80,080 | €93,038 | €82,363 | €43,305 | €34,218 | €34,218 | = |
| Amounts payable17/49 | €156,320 | €331,677 | €372,751 | €363,628 | €354,020 | €367,440 | €325,636 | €292,740 | ▼ 10.1% |
| Amounts payable after more than one year17 | €95,695 | €212,501 | €190,339 | €133,756 | €85,831 | €42,706 | €42,706 | - | - |
| Financial debts170/4 | - | - | - | €133,756 | €85,831 | €42,706 | €42,706 | - | - |
| Amounts payable within one year42/48 | €60,143 | €119,176 | €182,412 | €229,846 | €268,172 | €324,734 | €282,930 | €292,740 | ▲ 3.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €194,432 | €233,645 | €43,865 | €36,424 | €79,130 | ▲ 117% |
| Trade debts44 | €1,517 | €5,211 | - | - | €73 | €27,954 | €422 | €151 | ▼ 64.2% |
| Suppliers440/4 | - | - | - | - | €73 | €27,954 | €422 | €151 | ▼ 64.2% |
| Taxes, remuneration and social security45 | - | - | - | €1,980 | €3,319 | €1,010 | €340 | €3,689 | ▲ 985% |
| Taxes450/3 | - | - | - | €1,980 | €3,319 | €1,010 | €340 | €3,689 | ▲ 985% |
| Other amounts payable47/48 | - | - | - | €33,434 | €31,135 | €251,904 | €245,744 | €209,770 | ▼ 14.6% |
| Accrued charges and deferred income492/3 | - | - | - | €27 | €17 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€27,008 | €788 | -€20,847 | €12,958 | -€10,675 | -€39,059 | -€9,086 | €16,344 | ▲ 280% |
| + Depreciation and write-downs630 | €276 | €276 | €2,545 | €9,826 | €9,826 | €9,826 | €9,826 | - | - |
| Operating cash flow (approximation) | -€26,732 | €1,064 | -€18,303 | €22,785 | -€849 | -€29,232 | €740 | €16,344 | ▲ 2,109% |
| Investment in fixed assets (approximation) | - | €0 | -€49,132 | -€0 | -€70,000 | €0 | -€60,000 | -€26,691 | ▲ 55.5% |
| Change in cash | - | €16,001 | -€11,575 | €101,649 | -€33,446 | €23,179 | €16,069 | -€4,138 | ▼ 126% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.