Equity
Equity fell by 83% in 2 years.
Equity fell by 83% in 2 years.
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
The 2023 accounts came latest: 92 days after the end of the period.
Lower net result than 95% of companies in film, video and music. Sector median €5,451 · 1,872 companies.
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
The dashed line is the sector median: 0.3% across 2,576 companies (NACE 59, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 59, micro). It does better than 53% of them on solvency, 67% on liquidity, 8% on profitability and 10% on growth.
The bankruptcy probability was computed on 09-11-2026 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 very low class on 30-06-2025, 0.1% 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).
In July 2024, 3,591 companies had the same profile as MMMM has now. Each dot stands for 9 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MMMM itself is lower: 0.3% within 12 months. It rests on far more data about MMMM than the profile alone.
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 3,591 companies, not a prediction for MMMM. 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.
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is ample, with a current ratio of 1.91, above the usual 1.5. Short-term debt is 52.2% and cash 94.2% of total assets. However, 52.2% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 4 accounts on average 43 days after the deadline. In the sector (NACE 59), the median for financial year 2024 was 2 days before the deadline, and 41% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| MMMM Antwerp | €28,617 | -€39,938 | 47.8% | - |
| EVENT-US Braine-l'Alleud | €25,006 | -€15,666 | 48.1% | - |
| OLOBOROS GROUP Liège | €26,489 | -€32,770 | -285.3% | - |
| M5S Rotselaar | €22,008 | €806 | -29.4% | - |
| MYTHIC BRUSSELS Evere | €21,406 | -€3,753 | 8.6% | - |
| FLANDRES SEINE PRODUCTIONS De Panne | €35,814 | -€903 | 99.4% | - |
| Garden Box Entertainment Landen | €26,724 | €1,167 | 41.5% | - |
These companies have the same main activity as MMMM: video and film production, excluding cinema and television films (NACE 59113). They are comparable in size and age: total assets between €21,400 and €35,800, founded between 2020 and 2022.
MMMM files the micro format. That format states no turnover. The gross margin fell from €59,892 in 2022 to -€39,938 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
Amounts without an identifiable currency are taken as euros.
Higher than 50% of 1,871 companies in 2025.
Higher than 52% of 1,776 companies in 2025.
Lower than 95% of 1,795 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
28,617 | 54,543 | 89,380 | 70,115 | |
21/28 |
93 | 711 | 1,362 | 2,013 | |
22/27 |
93 | 711 | 1,362 | 2,013 | |
23 |
- | 504 | 1,041 | 873 | |
24 |
93 | 207 | 321 | 1,139 | |
29/58 |
28,523 | 53,832 | 88,018 | 68,102 | |
40/41 |
1,578 | 9,444 | 31,224 | 515 | |
40 |
1,308 | 3,443 | 29,033 | 143 | |
41 |
270 | 6,001 | 2,191 | 372 | |
54/58 |
26,945 | 44,388 | 56,751 | 67,587 | |
490/1 |
- | - | 42 | - | |
| Balance sheet: equity and liabilities | |||||
10/49 |
28,617 | 54,543 | 89,380 | 70,115 | |
10/15 |
13,685 | 54,543 | 78,599 | 54,843 | |
10/11 |
7,500 | 7,500 | 7,500 | 7,500 | |
13 |
12,630 | 47,043 | 71,099 | 47,343 | |
132 |
12,630 | 12,630 | 12,630 | - | |
133 |
- | 34,413 | 58,469 | 47,343 | |
14 |
-6,445 | - | - | - | |
17/49 |
14,932 | - | 10,780 | 15,272 | |
42/48 |
14,932 | - | 10,780 | 15,272 | |
44 |
1,101 | - | - | 135 | |
440/4 |
1,101 | - | - | 135 | |
45 |
- | - | 7,780 | 15,137 | |
450/3 |
- | - | 7,780 | 15,137 | |
47/48 |
13,831 | - | 3,000 | - | |
| Income statement | |||||
9900 |
-39,938 | -22,825 | 32,291 | 59,892 | |
630 |
618 | 651 | 651 | 168 | |
640/8 |
120 | 362 | 109 | 102 | |
9901 |
-40,676 | -23,838 | 31,531 | 59,622 | |
75/76B |
8 | - | 67 | 1 | |
75 |
8 | - | 67 | 1 | |
65/66B |
190 | 219 | 303 | 113 | |
65 |
190 | 219 | 303 | 113 | |
9903 |
-40,858 | -24,056 | 31,295 | 59,510 | |
67/77 |
- | - | 7,538 | 12,167 | |
9904 |
-40,858 | -24,056 | 23,756 | 47,343 | |
689 |
- | - | 12,630 | - | |
9905 |
-40,858 | -24,056 | 11,126 | 47,343 | |
| Appropriation of the result | |||||
9906 |
-40,858 | -24,056 | 11,126 | 47,343 | |
791/2 |
34,413 | 24,056 | - | - | |
691/2 |
- | - | 11,126 | 47,343 | |
6921 |
- | - | 11,126 | 47,343 | |
| Document | |||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 06-08-2026.
2025 annual accounts filed 6 days after the deadline. Filed on 6 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00391237.
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| -40,058 | -23,187 | 32,182 | 59,790 | ||
| -40,240 | -23,405 | 24,407 | 47,511 | ||
| 0 | 0 | 1,611 | 2,180 | ||
| -17,443 | -12,363 | -10,836 | - | ||
| 13,592 | - | 77,238 | 52,830 | ||
| 47.8% | 100.0% | 87.9% | 78.2% | ||
| 1.91 | - | 8.16 | 4.46 | ||
| 1.09 | - | 0.14 | 0.28 | ||
| -298.6% | -44.1% | 30.2% | 86.3% | ||
| -142.8% | -44.1% | 26.6% | 67.5% | ||
| -210.61 | -106.10 | over 100 | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | €1,611 | €2,180 |
| €618 | €651 | €651 | €168 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €40,676, larger than the loss of €23,838 in 2024. It is the lowest result since 2022.
Debt's share of the balance-sheet total is 52.2%.
MMMM has no parent and no holdings in its annual accounts. GEURDEN Mark Lodewijk Elisabeth is the only director. MMMM shares no director with another company.
| MONDZORG
registered office since 28-02-2017 · founded in 2017 |
19 FTE (2025) 0670.979.682 |
| DMV Immobiliën
registered office since 14-05-2024 · founded in 2024 |
total assets €430,240 (2025) 1009.356.264 |
| DENTALIS
registered office since 01-06-2020 · founded in 2019 |
total assets €219,127 (2025) 0720.917.163 |
| BODEA
establishment since 24-08-2021 · founded in 2021 |
total assets €147,754 (2025) 0772.816.321 |
| CL DENTAL CLINIC
establishment since 20-02-2024 · founded in 2024 |
total assets €96,056 (2024) 1006.184.760 |
| AIS Dental Care
establishment since 28-04-2025 · founded in 2025 |
total assets €6,047 (2025) 1022.800.266 |
| YOLO CAPITAL
registered office since 06-08-2025 |
founded in 2025 1026.268.215 |
| Struxo
registered office since 29-04-2025 |
founded in 2025 1022.827.287 |
| M.A. DECO
registered office since 30-01-2024 |
founded in 2024 1005.409.453 |
| Avirmed, Batsaikhan (sole trader)
establishment since 03-06-2020 |
founded in 2020 0747.821.203 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
MMMM was incorporated on 27 October 2021 as a private limited company by one natural person, with a starting capital of €7,500.12 Since 2021, GEURDEN Mark Lodewijk Elisabeth has served as director.3 Total assets fell from €70,115 in 2022 to €28,617 in 2025.4
| Establishment | Since | Unit number |
|---|---|---|
| Kerkstraat 6 registered office 2060 Antwerp | 27-10-2021 | 2.324.808.995 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11808H0844/00G000 | 789 m² | 1 · 782 m² | 26.4 m · 7 |
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