Debts
€36,166 89% of the balance sheet
Suppliers 11%Taxes and wages 29%Other 60%
MMI CHAPES
Lifetime
2 annual accounts with figures on one time axispeak €45,957 (2025)
€45,957▲ 49.3%
lowest -€10,142 (2025)
-€10,142▼ €19,845
peak €14,704 (2024)
€4,562▼ 69.0%
€36,166▲ 5.8%
Board1 name since 2024
Documentsfilings and deeds
27-08-202627 days late
2025micro format
Gross margin from €30,775 to €45,957Loss of €10,142Equity from €14,704 to €4,562
Key points
from the 2025 annual accountsStaff
1 employees on 31-12-2025
In 2025, 1 person joined and 1 left.
Position in the sector
-€10,142
Lower net result than 88% of companies in specialised construction. Sector median €10,189 · 35,113 companies.
2025 accounts filed 27 days after the deadline
Checked score
47
Fair
Financially stronger than 10% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.7% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
06-2025: 1.9%
07-2025: 1.9%● unchanged vs 06-2025
08-2025: 1.9%● unchanged vs 07-2025
09-2025: 1.7%▼ -0.2 percentage points vs 08-2025lowest value
10-2025: 1.8%▲ +0.1 percentage points vs 09-2025
11-2025: 1.9%▲ +0.1 percentage points vs 10-2025
12-2025: 1.9%● unchanged vs 11-2025
01-2026: 2.0%▲ +0.1 percentage points vs 12-2025
02-2026: 2.0%● unchanged vs 01-2026
03-2026: 2.5%▲ +0.5 percentage points vs 02-2026
04-2026: 3.1%▲ +0.6 percentage points vs 03-2026
05-2026: 3.8%▲ +0.7 percentage points vs 04-2026
06-2026: 3.8%● unchanged vs 05-2026
07-2026: 3.9%▲ +0.1 percentage points vs 06-2026
08-2026: 4.9%▲ +1.0 percentage point vs 07-2026highest value
09-2026: 3.7%▼ -1.2 percentage points vs 08-2026
10-2026: 3.7%● unchanged vs 09-2026
11-2026: 3.7%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Founded in 2024
1 change of registered office in 24 months
Equity €4,562 (11.2% of total assets)
lowers risk
Figures for financial year 2025 (filed on 27-08-2026)
Calculation
The band follows from the bankruptcy probability. 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 (NACE 43, micro). It does better than 15% of them on solvency, 8% on liquidity, 9% on profitability and 6% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,207 companies had the same profile as MMI CHAPES has now. Each dot stands for 4 companies, two years later.
90.1%
were still trading
4.6%
stopped another way
4.6%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MMI CHAPES itself: 3.7% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,207 companies, not a prediction for MMI CHAPES. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No publishable credit limit, so credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.58 (0.61 in 2024), below 1. Short-term debt is 88.8% and cash 11% of total assets. 88.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 35125 sector peers (2025).
NBB · sector comparisonPosition among 35125 sector peers
Solvency
better than 15%
← weakest
strongest →
raises risk · 2025 accounts filed 27 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filingsDeviation from the deadline
2025
27 days late
2024
29 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 28 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed 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.
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- DA SILVA RODRIGUES Miguel Sébastien 100 sharesdeed of 27-05-2024
Recent changes
Registered office moved from Awans to Crisnée
New registered office: Rue Joseph Wauters 37A, 4367 Crisnée · Previous registered office: Rue de l'Yser 30, 4340 Awans · Board meeting of 04-02-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1009640039
Incorporation
Founding capital of €5,000, 100 shares · Founder: DA SILVA RODRIGUES Miguel Sébastien · Appointment: DA SILVA RODRIGUES Miguel Sébastien (director) · published on 27-05-2024 · Gazette deed
First establishment
Rue Joseph Wauters 37, Crisnée
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MMI CHAPES Crisnée | €40,728 | €45,957 | 11.2% | - |
| Vlad Invest Grimbergen | €52,141 | €35,738 | 48.9% | - |
| SOLUCE-GROUP Zaventem | €62,374 | €35,004 | 45.5% | - |
| CVA CONCEPT Grimbergen | €71,817 | €41,475 | 30.3% | - |
| BATICIO Forest | €55,728 | €42,185 | 48.3% | - |
| T'Kindt Construct Celles (lez-Tournai) | €38,994 | €24,597 | 70.7% | - |
| FELICIANO CONSTRUCT Sint-Pieters-Leeuw | €51,537 | €24,862 | 42.4% | - |
These companies have the same main activity as MMI CHAPES: screed work (NACE 43422). They are comparable in size and age: total assets between €39,000 and €71,800, founded between 2023 and 2025.
Official details
Source: KBO- Status
- Active since 23-05-2024Normal situation
- Activity
- Screed workNACE 43422
- Establishment unit
- 2.361.438.7694367 Crisnée, since 23-05-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 12-12-2025
Annual accounts 2025
- ≈ €290,000estimated
- €40,728▼ 16.7%
- Employeeson 31-12-2025
- 1=
- Filing
- Filed on 27-08-2026
Insights on MMI CHAPES
The computed 12-month bankruptcy probability of MMI CHAPES is 3.7% (moderate). The annual accounts of MMI CHAPES for financial year 2025 show a net loss of 69% of the equity at the start of that year.
The 2025 annual accounts show equity of €4,562 and a net result of -€10,142. Its solvency ranks better than 15% of 35,125 sector peers (NACE 43, financial year 2025).
The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MMI CHAPES
- What is the company number of MMI CHAPES?
- The company number of MMI CHAPES is 1009.640.039. The VAT number is the same number with BE in front: BE 1009.640.039.
- Where is MMI CHAPES based?
- The registered office is at Rue Joseph Wauters 37, 4367 Crisnée.Company details
- What does MMI CHAPES do?
- According to the KBO register, the main activity is screed work (NACE 43422).
- What is the legal form of MMI CHAPES?
- MMI CHAPES is a private limited company (BV).
- When was MMI CHAPES founded?
- MMI CHAPES was founded on 23-05-2024.
- Is MMI CHAPES still active?
- Yes, MMI CHAPES is an active enterprise in the KBO register.
- How many employees does MMI CHAPES have?
- MMI CHAPES had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of MMI CHAPES?
- The turnover in financial year 2025 is ≈ €290,000. This figure is estimated from the gross margin of €45,957 and 352 comparable companies (NACE 43). It probably lies between €180,000 and €500,000.
- Is MMI CHAPES profitable?
- In financial year 2025, MMI CHAPES made a loss of €10,142.
- Where can I find the annual accounts of MMI CHAPES?
- MMI CHAPES filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MMI CHAPES due?
- MMI CHAPES must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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