Equity
MMplus Trans paid out €40,000 in dividends. That is 83% of the 2025 profit.
MMplus Trans paid out €40,000 in dividends. That is 83% of the 2025 profit.
The accounts state no turnover.
In 2025, 2 people joined and 3 left.
The last five annual accounts were filed 7 to 123 days before the end of the period.
Higher net result than 89% of companies in land transport. Sector median €5,669 · 5,918 companies.
The dashed line is the sector median: 1.8% across 9,097 companies (NACE 49, micro).
About 4 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 49, micro). It does better than 57% of them on solvency, 58% on liquidity, 70% on profitability and 46% on growth.
The bankruptcy probability was computed on 10-11-2026 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, 26,972 companies had the same profile as MMplus Trans has now. Each dot stands for 68 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MMplus Trans itself: 0.4% within 12 months.
The method was tested on the 497,448 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 26,972 companies, not a prediction for MMplus Trans. 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.
Liquidity is insufficient, with a current ratio of 0.89 (0.94 in 2024), below 1. Short-term debt is 49.3% and cash 22.2% of total assets. 55.6% 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 6 accounts on average 45 days before the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| MMplus Trans Roeselare | - | - | 44.4% | - |
| AM EXPRESS Menen | - | - | 32.8% | 9.3 |
| BN-LARY Blankenberge | - | - | 10.2% | 0 |
| SAMMETRANS Tielt | - | - | 31.0% | - |
| Tulu Temse | - | - | 13.3% | - |
| BECKS TRANSPORTS Ans | €1.3m | 6.5% | 55.9% | - |
| DEMTRANS Antwerp | €1.3m | 8.1% | 52.9% | - |
These companies have the same main activity as MMplus Trans: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €395,000 and €509,000, founded between 2018 and 2020.
MMplus Trans files the micro format. That format states no turnover. The gross margin rose from €257,946 in 2020 to €390,588 in 2025.
The balance sheet grew most from 2021 to 2023 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €890,000. Estimated: probably between €750,000 and €1.1m.
Higher than 57% of 5,946 companies in 2025.
Higher than 32% of 5,700 companies in 2025.
Higher than 66% of 5,763 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: bottom quarter
Staff costs divided by the average number of full-time equivalents.
In 2025, 2 people joined and 3 left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
442,853 | 490,494 | 514,143 | 424,791 | 358,527 | 260,699 | |
21/28 |
249,484 | 259,258 | 351,530 | 259,802 | 228,927 | 124,279 | |
22/27 |
225,349 | 235,123 | 332,395 | 240,667 | 209,792 | 110,279 | |
24 |
225,349 | 235,123 | 332,395 | 240,667 | 209,792 | 110,279 | |
28 |
24,135 | 24,135 | 19,135 | 19,135 | 19,135 | 14,000 | |
29/58 |
193,369 | 231,236 | 162,613 | 164,989 | 129,601 | 136,421 | |
40/41 |
95,257 | 58,257 | 86,193 | 65,104 | 47,844 | 30,186 | |
40 |
87,129 | 48,257 | 54,491 | 63,338 | 47,844 | 30,186 | |
41 |
8,128 | 10,000 | 31,701 | 1,766 | - | - | |
54/58 |
98,112 | 166,983 | 65,658 | 81,541 | 76,156 | 102,498 | |
490/1 |
0 | 5,996 | 10,762 | 18,344 | 5,601 | 3,736 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
442,853 | 490,494 | 514,143 | 424,791 | 358,527 | 260,699 | |
10/15 |
196,748 | 188,388 | 176,126 | 175,779 | 112,288 | 40,720 | |
10/11 |
18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 12,400 | |
13 |
178,198 | - | - | - | - | - | |
133 |
178,198 | - | - | - | - | - | |
14 |
0 | 169,838 | 157,576 | 157,229 | 93,738 | 28,320 | |
17/49 |
246,105 | 302,106 | 338,018 | 249,011 | 246,239 | 219,979 | |
17 |
16,144 | 31,694 | 46,673 | 61,102 | 0 | 3,408 | |
170/4 |
16,144 | 31,694 | 46,673 | 61,102 | 0 | 3,408 | |
42/48 |
218,322 | 246,097 | 291,344 | 187,909 | 246,239 | 216,571 | |
42 |
15,550 | 14,979 | 14,429 | 13,898 | 3,408 | 10,111 | |
44 |
28,032 | 19,683 | 28,815 | 14,785 | 8,414 | 11,392 | |
440/4 |
28,032 | 19,683 | 28,815 | 14,785 | 8,414 | 11,392 | |
45 |
33,011 | 37,706 | 21,497 | 31,483 | 28,167 | 20,068 | |
450/3 |
21,754 | 24,975 | 1,639 | 16,572 | 22,363 | 10,309 | |
454/9 |
11,256 | 12,731 | 19,857 | 14,911 | 5,804 | 9,759 | |
47/48 |
141,729 | 173,729 | 226,604 | 127,743 | 206,250 | 175,000 | |
492/3 |
11,639 | 24,315 | - | - | - | - | |
| Income statement | |||||||
76A |
10,000 | 30,900 | - | - | 0 | 7,691 | |
9900 |
390,588 | 370,006 | 358,704 | 281,061 | 230,381 | 257,946 | |
62 |
184,158 | 211,173 | 203,863 | 141,825 | 105,490 | 127,843 | |
630 |
94,774 | 85,372 | 64,471 | 50,790 | 50,257 | 97,124 | |
640/8 |
35,695 | 35,700 | 28,943 | 1,888 | 1,377 | 1,856 | |
66A |
0 | 1,302 | 0 | 1,304 | - | - | |
9901 |
75,961 | 36,459 | 61,427 | 85,254 | 73,257 | 31,124 | |
75/76B |
0 | 0 | - | - | 0 | 7 | |
75 |
0 | 0 | - | - | 0 | 7 | |
65/66B |
13,228 | 14,904 | 8,157 | 6,944 | 456 | 1,961 | |
65 |
13,228 | 14,904 | 8,157 | 6,944 | 456 | 1,961 | |
9903 |
62,733 | 21,556 | 53,270 | 78,310 | 72,801 | 29,170 | |
67/77 |
14,372 | 9,294 | 5,924 | 14,819 | 7,383 | 850 | |
9904 |
48,361 | 12,262 | 47,346 | 63,491 | 65,418 | 28,320 | |
9905 |
48,361 | 12,262 | 47,346 | 63,491 | 65,418 | 28,320 | |
| Appropriation of the result | |||||||
9906 |
48,361 | 169,838 | 204,576 | 157,229 | 93,738 | 28,320 | |
14P |
0 | 157,576 | 157,229 | 93,738 | 28,320 | - | |
791/2 |
40,000 | - | - | - | - | - | |
691/2 |
48,361 | - | - | - | - | - | |
6921 |
48,361 | - | - | - | - | - | |
694/7 |
40,000 | 0 | 47,000 | - | - | - | |
694 |
40,000 | 0 | 47,000 | - | - | - | |
| Social balance sheet | |||||||
9087 |
2.1 | 2.6 | 2.8 | 2.7 | 2.5 | 2.2 | |
Hours worked1013 |
5,739 | 6,226 | 6,790 | 5,910 | 4,656 | 3,721 | |
| Document | |||||||
The notes to these accounts have 14 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 30-03-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-03-2026 | 2026-00074672 | |
| 31-12-2024 | micro format | 24-06-2025 | 2025-00178026 | |
| 31-12-2023 | micro format | 24-07-2024 | 2024-00297342 | |
| 31-12-2022 | micro format | 19-06-2023 | 2023-00137968 | |
| 31-12-2021 | micro format | 14-06-2022 | 2022-20060581 | |
| 31-12-2020 | abbreviated format | 16-07-2021 | 2021-36300465 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 170,735 | 121,831 | 125,898 | 136,045 | 123,514 | 128,248 | ||
| 143,134 | 97,633 | 111,818 | 114,282 | 115,675 | 125,444 | ||
| 85,000 | 38,500 | 156,200 | 89,970 | 168,905 | 220,507 | ||
| -68,872 | 101,325 | -15,883 | 5,384 | -26,342 | - | ||
| -24,953 | -14,861 | -128,732 | -22,921 | -116,638 | -80,150 | ||
| 44.4% | 38.4% | 34.3% | 41.4% | 31.3% | 15.6% | ||
| 0.89 | 0.94 | 0.56 | 0.88 | 0.53 | 0.63 | ||
| 1.25 | 1.60 | 1.92 | 1.42 | 2.19 | 5.40 | ||
| 24.6% | 6.5% | 26.9% | 36.1% | 58.3% | 69.5% | ||
| 10.9% | 2.5% | 9.2% | 14.9% | 18.2% | 10.9% | ||
| 12.91 | 8.17 | 15.43 | 19.59 | 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 | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 3 | 3 | 3 | 4 |
| full-time | 2 | 2 | 2 | 2 | 2 |
| part-time | 0 | 1 | 1 | 1 | 2 |
| in full-time equivalents | 2 | 2.8 | 2.8 | 2.8 | 3.2 |
| 2.1 | 2.6 | 2.8 | 2.7 | 2.5 | |
| On a permanent contract | 2 | 3 | 3 | 3 | 4 |
| Joined | 2 | 4 | 1 | 1 | 1 |
| Left | 3 | 4 | 1 | 2 | 0 |
| Training hours | 0 | - | 4 | - | 94 |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| €75,000 | €75,000 | €75,000 | €75,000 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €85,000 | €33,500 | €156,200 | €89,970 | €149,770 |
| Financial fixed assets | €0 | €5,000 | - | - | €19,135 |
| €94,774 | €85,372 | €64,471 | €50,790 | €50,257 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 108% higher than in 2024 and the highest since 2022. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 61.6% to 55.6%. Equity is higher and debt is lower.
MMplus Trans has no parent and no holdings in its annual accounts.
| MM TRADE
registered office since 10-10-2017 · founded in 2017 |
2 FTE (2025) 0682.717.375 |
| HOLDING BÉJUS
registered office since 01-03-2023 · founded in 2023 · negative equity (2025) |
total assets €4,960 (2025) 0798.964.254 |
The network lets you explore the ties of MMplus Trans.
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
| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| Kleine Kachtemsestraat 10/A registered office 8800 Roeselare | 25-02-2019 | 2.286.295.938 | Transport of foodstuffs under controlled temperature and/or atmosphere |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 36502E0140/00G000 | 2,202 m² | 1 · 188 m² | 8.5 m · 2 |
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