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Private limited companyfounded 2023active for 3 yearsVogelsanck 10, 2970 Schilde, BelgiumKBO/BCE: BE 0797.623.971
Summary

MMP2 has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €222,306 and a net result of €103,906. Equity is growing by about 94% per year across the filed financial years. Its solvency ranks better than 15% of 2,789 sector peers (NACE 82, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, abbreviated format

Equity
€222,306▲ 87.8%
2024 · €118,400
Total assets
€9.6m▲ 6.9%
2024 · €9.0m
Net result
€103,906▼ 12.7%
2024 · €118,998
Working capital
-€272,250
2024 · €79,423
Trend over the years

2023 to 2025, 3 financial years

The operating result has risen two years in a row; 2025 is 100% above 2024 and is the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€0.4m 2025 Net result€0.1m 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 82, Office administrative, office support and other business support activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. 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 financial year before
favourable unfavourable
Line202320242025
Operating result-€0.008m-€0.2m€0.4m▲ 100.0%
Net result-€0.02mbelow the sector's middle half-€0.1mwithin the sector's middle half€0.1mabove the sector's middle half▼ 12.7%
Equity-€0.001mbelow the sector's middle half-€0.1mwithin the sector's middle half€0.2mwithin the sector's middle half▲ 87.8%
Total assets€0.2mbelow the sector's middle half-€9.0mabove the sector's middle half▲ 3,799%€9.6mabove the sector's middle half▲ 6.9%
Debt€0.2m-€8.9m▲ 3,737%€9.4m▲ 5.8%
Working capital-€0.06mbelow the sector's middle half-€0.08mwithin the sector's middle half-€0.3mbelow the sector's middle half
Solvency-0.3%below the sector's middle half-1.3%below the sector's middle half▲ 1.6pp2.3%below the sector's middle half▲ 1.0pp
Current ratio0.45below the sector's middle half-1.99within the sector's middle half▲ 1.540.44below the sector's middle half▼ 1.55
Return on assets (ROA)-8.9%below the sector's middle half-1.3%within the sector's middle half▲ 10.3pp1.1%within the sector's middle half▼ 0.2pp
above within below the middle half of NACE 82, Office administrative, office support and other business support activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.6m
Fixed assets €9.4m ▲ 6.4%
Current assets €214,179 ▲ 34.1%
Equity and liabilities €9.6m
Equity €222,306 ▲ 87.8%
Debt €9.4m ▲ 5.8%
Debt's share of the balance-sheet total falls from 98.7% to 97.7%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
ROE
46.7%▼
2024 · 100.5%
Debt ≤ 1 year
€486,429▲
2024 · €80,239
Debt > 1 year
€8.9m▲
2024 · €8.8m
Income taxes
€94,354▲
2024 · €43,047
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet Code20242025
Assets
Total assets20/58€9.0m€9.6m▲
Fixed assets21/28€8.8m€9.4m▲
Tangible fixed assets22/27€0.002m€0.6m▲
Land and buildings22-€0.6m
Furniture and vehicles24€0.002m€0.005m▲
Financial fixed assets28€8.8m€8.8m=
Current assets29/58€0.2m€0.2m▲
Amounts receivable within one year40/41€0.1m€0.1m▼
Trade receivables40€0.1m€0.1m▼
Other amounts receivable41€401€0▼
Cash at bank and in hand54/58€0.02m€0.09m▲
Deferred charges and accrued income490/1€0.009m€0.009m▼
Equity and liabilities
Total equity and liabilities10/49€9.0m€9.6m▲
Equity10/15€0.1m€0.2m▲
Contributions10/11€0.02m€0.02m=
Reserves13€0.1m€0.2m▲
Distributable reserves133€0.1m€0.2m▲
Profit (loss) carried forward14€0-
Amounts payable17/49€8.9m€9.4m▲
Amounts payable after more than one year17€8.8m€8.9m▲
Financial debts170/4€8.8m€8.9m▲
Amounts payable within one year42/48€0.08m€0.5m▲
Financial debts43€0€0.1m▲
Credit institutions430/8€0€0.1m▲
Trade debts44€0.03m€0.04m▲
Suppliers440/4€0.03m€0.04m▲
Taxes, remuneration and social security45€0.05m€0.1m▲
Taxes450/3€0.05m€0.1m▲
Remuneration and social security454/9€0€0.001m▲
Other amounts payable47/48€0€0.2m▲
Accrued charges and deferred income492/3-€254
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€480€0.09m▲
Other operating charges640/8€0.005m€0.008m▲
Gross operating margin9900€0.2m€0.4m▲
Operating profit (loss)9901€0.2m€0.4m▲
Financial income75/76B€2€0▼
Recurring financial income75€2€0▼
Financial charges65/66B€0.01m€0.2m▲
Recurring financial charges65€0.01m€0.2m▲
Profit (loss) for the period before taxes9903€0.2m€0.2m▲
Income taxes67/77€0.04m€0.09m▲
Profit (loss) for the period9904€0.1m€0.1m▼
Profit (loss) for the period to be appropriated9905€0.1m€0.1m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.1m€0.1m▲
Profit (loss) brought forward from the previous period14P-€0.02m€0▲
Transfer to equity691/2€0.1m€0.1m▲
To other reserves6921€0.1m€0.1m▲

The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€226€480€85,178▲ 17,645%
Other operating charges640/8€4,794€5,180€7,803▲ 50.6%
Gross operating margin9900-€2,722€181,172€443,930▲ 145%
Operating profit (loss)9901-€7,741€175,513€350,948▲ 100.0%
Financial income75/76B€0€2€0▼ 100%
Recurring financial income75€0€2€0▼ 100%
Financial charges65/66B€12,788€13,470€152,688▲ 1,034%
Recurring financial charges65€12,788€13,470€152,688▲ 1,034%
Profit (loss) for the period before taxes9903-€20,529€162,045€198,261▲ 22.3%
Income taxes67/77€70€43,047€94,354▲ 119%
Profit (loss) for the period9904-€20,598€118,998€103,906▼ 12.7%
Profit (loss) for the period to be appropriated9905-€20,598€118,998€103,906▼ 12.7%
Line202320242025Change
Assets
Total assets20/58€0.2m€9.0m€9.6m▲ 6.9%
Fixed assets21/28€0.2m€8.8m€9.4m▲ 6.4%
Tangible fixed assets22/27€0.002m€0.002m€0.6m▲ 33,375%
Land and buildings22--€0.6m-
Furniture and vehicles24€0.002m€0.002m€0.005m▲ 182%
Financial fixed assets28€0.2m€8.8m€8.8m=
Current assets29/58€0.05m€0.2m€0.2m▲ 34.1%
Amounts receivable within one year40/41€0.04m€0.1m€0.1m▼ 7.8%
Trade receivables40€0.04m€0.1m€0.1m▼ 7.5%
Other amounts receivable41-€401€0▼ 100%
Cash at bank and in hand54/58€0.002m€0.02m€0.09m▲ 272%
Deferred charges and accrued income490/1€0.007m€0.009m€0.009m▼ 2.6%
Equity and liabilities
Total equity and liabilities10/49€0.2m€9.0m€9.6m▲ 6.9%
Equity10/15-€0.001m€0.1m€0.2m▲ 87.8%
Contributions10/11€0.02m€0.02m€0.02m=
Reserves13-€0.1m€0.2m▲ 106%
Distributable reserves133-€0.1m€0.2m▲ 106%
Profit (loss) carried forward14-€0.02m€0--
Amounts payable17/49€0.2m€8.9m€9.4m▲ 5.8%
Amounts payable after more than one year17€0.1m€8.8m€8.9m▲ 1.2%
Financial debts170/4€0.1m€8.8m€8.9m▲ 1.2%
Amounts payable within one year42/48€0.1m€0.08m€0.5m▲ 506%
Financial debts43€0.005m€0€0.1m-
Credit institutions430/8€0.005m€0€0.1m-
Trade debts44€0.01m€0.03m€0.04m▲ 45.0%
Suppliers440/4€0.01m€0.03m€0.04m▲ 45.0%
Taxes, remuneration and social security45€0.02m€0.05m€0.1m▲ 85.8%
Taxes450/3€0.01m€0.05m€0.1m▲ 84.7%
Remuneration and social security454/9€480€0€0.001m-
Other amounts payable47/48€0.07m€0€0.2m-
Accrued charges and deferred income492/3--€254-
Line202320242025Change
Profit (loss) for the period9904-€0.02m€0.1m€0.1m▼ 12.7%
+ Depreciation and write-downs630€226€480€0.09m▲ 17,645%
Operating cash flow (approximation)-€0.02m€0.1m€0.2m▲ 58.3%
Investment in fixed assets (approximation)--€8.6m-€0.7m▲ 92.5%
Change in cash-€0.02m€0.06m▲ 195%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Filings with the National Bank (3)
Financial year Type Filed Reference
31-12-2025 abbreviated format 16-06-2026 2026-00164655
31-12-2024 abbreviated format 09-07-2025 2025-00258930
31-12-2023 abbreviated format 29-07-2024 2024-00301825

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Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.