MMI CONSTRUCT
ActiveThe file of MMI CONSTRUCT contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 2.6% (moderate). The 2024 annual accounts show equity of €7k and a net result of €6k. Equity is growing by ~128.1% per year across the filed fiscal years. Its solvency ranks better than 28% of 9982 sector peers (fiscal year 2024).
Checked score
Score 2024
Axes · tick = 2023
Profitability91▲+26
Solvency45▲+19
Growth78=
Track record79
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.72 against 0.86 in 2023; short-term debt: 79.5% and cash: 0% of total assets), and 79.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
20.5%
Return on assets
17.7%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-02-2026, 188 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
188 d late
2023
153 d late
2022
100 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€127k
EBIT margin
-7.8%
Net result
€6k
2023 · €-2k
2022: €-7klowest in 3 years
2023: €-2k▲ +76.4% vs 2022
2024: €6k▲ +461% vs 2023highest in 3 years
2022 → 2024
Working capital
€-7k▲ 10.7%
2023 · €-8k
2022: €-15klowest in 3 years
2023: €-8k▲ +45.9% vs 2022
2024: €-7k▲ +10.7% vs 2023highest in 3 years
2022 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Turnover€127k-
Equity€-4k-€905€7k▲ 636%
2022: €-4klowest in 3 years
2023: €905▲ +121% vs 2022
2024: €7k▲ +636% vs 2023highest in 3 years
Operating result€-10k-€-1k▲ 87.1%€7k
2022: €-10klowest in 3 years
2023: €-1k▲ +87.1% vs 2022
2024: €7k▲ +634% vs 2023highest in 3 years
Net result€-7k-€-2k▲ 76.4%€6k
2022: €-7klowest in 3 years
2023: €-2k▲ +76.4% vs 2022
2024: €6k▲ +461% vs 2023highest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €7k after a loss of €1k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €32k
Fixed assets
€14k ▲ 60.1%
Current assets
€19k ▼ 64.0%
Equity and liabilities €33k
Equity
€7k ▲ 636%
Debt
€26k ▼ 56.8%
Debt's share of the balance-sheet total falls from 98.5% to 79.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€13k▲
2023 · €2k
Cash flow
€12k▲
2023 · €2k
Current ratio
0.72▼
2023 · 0.86
Debt to equity
3.89
ROE
86.4%
ROA
17.7%▲
2023 · -2.6%
Interest coverage
40.95▲
2023 · 6.99
Debt ≤ 1 year
€26k▼
2023 · €60k
Staff costs
€7k▲
2023 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 43 lines
Balance sheet
Code20232024
Assets
Total assets20/58€61k€33k▼
Formation expenses20€555€370▼
Fixed assets21/28€8k€14k▲
Tangible fixed assets22/27€8k€14k▲
Plant, machinery and equipment23€5k€3k▼
Furniture and vehicles24€4k€10k▲
Current assets29/58€52k€19k▼
Amounts receivable within one year40/41€40k€19k▼
Trade receivables40€31k€16k▼
Other amounts receivable41€9k€3k▼
Cash at bank and in hand54/58€45€3▼
Deferred charges and accrued income490/1€11k-
Equity and liabilities
Total equity and liabilities10/49€61k€33k▼
Equity10/15€905€7k▲
Contributions10/11€3k€3k=
Capital10€3k€3k=
Issued capital100€3k-
Profit (loss) carried forward14€-2k€4k▲
Amounts payable17/49€60k€26k▼
Amounts payable within one year42/48€60k€26k▼
Trade debts44€14k-
Suppliers440/4€14k-
Taxes, remuneration and social security45€17k€8k▼
Taxes450/3€2k€2k▲
Remuneration and social security454/9€15k€6k▼
Other amounts payable47/48€28k-
Income statement
Code20232024
Goods, raw materials, services and sundry goods60/61€195k€152k▼
Remuneration, social security and pensions62€3k€7k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€6k▲
Other operating charges640/8€35€95▲
Non-recurring operating charges66A€803-
Gross operating margin9900€6k€20k▲
Operating profit (loss)9901€-1k€7k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€320€1k▲
Recurring financial charges65€320€320▲
Non-recurring financial charges66B-€729
Profit (loss) for the period before taxes9903€-2k€6k▲
Profit (loss) for the period9904€-2k€6k▲
Profit (loss) for the period to be appropriated9905€-2k€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€4k▲
Profit (loss) brought forward from the previous period14P-€-2k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Turnover70 | €127k | - | - | - |
| Non-recurring operating income76A | €10k | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €124k | €195k | €152k | ▼ 22.0% |
| Remuneration, social security and pensions62 | €19k | €3k | €7k | ▲ 125% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €4k | €6k | ▲ 79.8% |
| Other operating charges640/8 | €559 | €35 | €95 | ▲ 171% |
| Non-recurring operating charges66A | - | €803 | - | - |
| Gross operating margin9900 | €13k | €6k | €20k | ▲ 225% |
| Operating profit (loss)9901 | €-10k | €-1k | €7k | ▲ 634% |
| Financial income75/76B | €3k | €0 | - | - |
| Recurring financial income75 | €303 | €0 | - | - |
| Non-recurring financial income76B | €3k | - | - | - |
| Financial charges65/66B | €112 | €320 | €1k | ▲ 228% |
| Recurring financial charges65 | €86 | €320 | €320 | ▲ 0.2% |
| Non-recurring financial charges66B | €26 | - | €729 | - |
| Profit (loss) for the period before taxes9903 | €-7k | €-2k | €6k | ▲ 461% |
| Profit (loss) for the period9904 | €-7k | €-2k | €6k | ▲ 461% |
| Profit (loss) for the period to be appropriated9905 | €-7k | €-2k | €6k | ▲ 461% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €42k | €61k | €33k | ▼ 46.5% |
| Formation expenses20 | €739 | €555 | €370 | ▼ 33.3% |
| Fixed assets21/28 | €10k | €8k | €14k | ▲ 60.1% |
| Tangible fixed assets22/27 | €10k | €8k | €14k | ▲ 60.1% |
| Plant, machinery and equipment23 | €5k | €5k | €3k | ▼ 31.5% |
| Furniture and vehicles24 | €5k | €4k | €10k | ▲ 184% |
| Current assets29/58 | €31k | €52k | €19k | ▼ 64.0% |
| Amounts receivable within one year40/41 | €31k | €40k | €19k | ▼ 53.9% |
| Trade receivables40 | €21k | €31k | €16k | ▼ 49.1% |
| Other amounts receivable41 | €10k | €9k | €3k | ▼ 70.1% |
| Current investments50/53 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €3 | €45 | €3 | ▼ 92.8% |
| Deferred charges and accrued income490/1 | - | €11k | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €42k | €61k | €33k | ▼ 46.5% |
| Equity10/15 | €-4k | €905 | €7k | ▲ 636% |
| Contributions10/11 | €3k | €3k | €3k | = |
| Capital10 | €3k | €3k | €3k | = |
| Issued capital100 | €3k | €3k | - | - |
| Profit (loss) carried forward14 | €-7k | €-2k | €4k | ▲ 361% |
| Amounts payable17/49 | €46k | €60k | €26k | ▼ 56.8% |
| Amounts payable within one year42/48 | €46k | €60k | €26k | ▼ 56.8% |
| Trade debts44 | €9k | €14k | - | - |
| Suppliers440/4 | €9k | €14k | - | - |
| Taxes, remuneration and social security45 | €17k | €17k | €8k | ▼ 54.4% |
| Taxes450/3 | - | €2k | €2k | ▲ 6.4% |
| Remuneration and social security454/9 | €17k | €15k | €6k | ▼ 61.7% |
| Other amounts payable47/48 | €20k | €28k | - | - |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-7k | €-2k | €6k | ▲ 461% |
| + Depreciation and write-downs630 | €4k | €4k | €6k | ▲ 79.8% |
| Operating cash flow (approximation) | €-3k | €2k | €12k | ▲ 530% |
| Investment in fixed assets (approximation) | - | €-2k | €-11k | ▼ 474% |
| Change in cash | - | €42 | €-41 | ▼ 199% |
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
2026
31-08
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Brussel · event 25-08-2026
09-06
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 02-06-2026
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 188 days late
2024
31-12
Financial
Back to profitnet €6k
Net result €6k after 2 loss-making years.
31-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 153 days late
2023
08-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 100 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Sint-Genesius-Rode · 1 establishment unit since 2021
Ground area
8,014 m²
Building footprint
1,560 m²
Volume, LiDAR
17,481 m³
2 parcels, Flanders, Wallonia · tallest building 23.0 m, ±4 floors. Linked by address, not a title deed.
414
companies at this address
See who is registered here
1 establishment unit
MMI CONSTRUCT
since 20212.322.465.357
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22552E0048/00Z025 | Flanders | 7,308 m² | 1 · 1,453 m² | 23.0 m · 4 fl. |
| 92120B0120/00K000indicative | Wallonia | 706 m² | 1 · 107 m² | 9.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JEAN-LOUIS DE CHAFFOY JL SCHALIESTRAAT 18 BIS,
1602 VLEZENBEEK |
02-06-2026 → 25-08-2026 |
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Of 2,451 companies in sector 41003 we hold annual accounts for 1,055. 407 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
Founded14-09-2021
Fiscal year end31-12
Activities, NACEBEL 2025
41003General construction of other non-residential buildings
43120Site preparation
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43350Other building finishing work
Scores and ratios are computed by Checked and are not a credit decision.