Equity
€110,000 ▲ 10.0%
MMS ONLINE BELGIUM paid out €6.1m in dividends. That is 100% of the 2025 profit.
MMS ONLINE BELGIUM
Lifetime
13 annual accounts with figures on one time axispeak €174.6m (2025)
€174.6m▲ 28.9%
lowest -€8,455 (2023)
€6.1m▲ 12×
peak €110,000 (2025)
€110,000▲ 10.0%
€58.1m▲ 10.3%
peak 30.9 FTE (2017)
0.4 FTE▼ 50.0%
Board18 names since 2012all names
4 directorsRijnders Remko and 3 others
Owners5 names in the annual accounts
99.99%MEDIA MARKT - SATURN BELGIUM and 2 others
Documentsfilings and deeds
30-01-202690 days before the deadline
2025financial year
Turnover from €135.5m to €174.6mResult from €503,051 to €6.1mStaff from 0.8 FTE to 0.4 FTE2 directors appointed, 2 resignations 25-09Resignation: Carsten Geilert (director) 24-07Dividend €6.1m
Key points
from the 2025 annual accountsResult
€6.1m ▲ 12×
The result rose in 2025 from €503,051 to €6.1m.
Debts
€58.1m 100% of the balance sheet
Suppliers 84%Taxes and wages 3%Other 13%
Of this, €58.1m falls due within a year.
Staff
0.4 FTE from 30.9 in 2017
Between 2017 and 2025, 99% of the full-time equivalents disappeared.
Payment terms
105 days to suppliers
MMS ONLINE BELGIUM pays its suppliers 4 days earlier than in 2024. Customers pay 23 days earlier.
At the same address
39 companies
Checked score
66
Healthy
Financially stronger than 35% of micro companies in retail trade (NACE 47)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.0%
01-2025: 2.1%▲ +0.1 percentage points vs 12-2024
02-2025: 2.3%▲ +0.2 percentage points vs 01-2025
03-2025: 2.5%▲ +0.2 percentage points vs 02-2025highest value
04-2025: 1.2%▼ -1.3 percentage points vs 03-2025
05-2025: 1.2%● unchanged vs 04-2025
06-2025: 1.2%● unchanged vs 05-2025
07-2025: 1.2%● unchanged vs 06-2025
08-2025: 1.2%● unchanged vs 07-2025
09-2025: 1.2%● unchanged vs 08-2025
10-2025: 1.2%● unchanged vs 09-2025
11-2025: 1.1%▼ -0.1 percentage points vs 10-2025
12-2025: 1.1%● unchanged vs 11-2025
01-2026: 0.6%▼ -0.5 percentage points vs 12-2025lowest value
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 1.0%▲ +0.4 percentage points vs 02-2026
04-2026: 1.0%● unchanged vs 03-2026
05-2026: 1.0%● unchanged vs 04-2026
06-2026: 1.0%● unchanged vs 05-2026
07-2026: 1.0%● unchanged vs 06-2026
08-2026: 1.0%● unchanged vs 07-2026
09-2026: 1.0%● unchanged vs 08-2026
10-2026: 1.0%● unchanged vs 09-2026
11-2026: 1.0%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 1.00, cash €0, halved
1 of the last 3 accounts late
Equity €110,000 (0.2% of total assets)
lowers risk
Size: turnover €174.6m, 0.4 FTE, total assets €58.3m
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 47, micro). It does better than 19% of them on solvency, 1% on liquidity, 48% on profitability and 71% 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 30-09-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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, 1,325 companies had the same profile as MMS ONLINE BELGIUM has now. Each dot stands for 4 companies, two years later.
95.2%
were still trading
3.2%
stopped another way
1.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MMS ONLINE BELGIUM itself: 1.0% 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 1,325 companies, not a prediction for MMS ONLINE BELGIUM. 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
Credit of up to €7,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.0 (1.0 in 2024), below the usual 1.5. Short-term debt is 99.7% and cash 0% of total assets. 99.8% 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
Seven signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 5068 sector peers (2025).
NBB · sector comparisonPosition among 5068 sector peers
Solvency
better than 13%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €110,000
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-01-2026, 90 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
90 days early
2024
43 days early
2023
50 days late
2022
65 days early
2021
74 days early
2020
73 days early
2019
70 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 52 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 24 February (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end10-11-2026 today30-04-2027 deadline
Board and ownership
- MEDIA MARKT - SATURN BELGIUM 99.99%equity -€15.2m (2025) · annual accounts 30-09-2025
- CECONOMY AG consolidatesannual accounts 30-09-2025
- MMS Portfolio GmbH 0.01%annual accounts 30-09-2025
Recent changes
Resignation: Patrick Van der Linden (director)
Appointment: Rachel Mendes Dias (director) · Director discharge: Patrick Van der Linden · General meeting of 15-06-2026 · Gazette deed
Resignation: Remko Rijnders (director)
Director discharge: Remko Rijnders · General meeting of 30-09-2025 · Gazette deed
2 directors appointed, 2 resignations
Resignations: Faruk Kocabas and Sebastiaan Stipdonk · Appointments: Olivier Van den Bossche and Dirkjan Bussink · General meeting of 14-08-2025 · Gazette deed
Resignation: Carsten Geilert (director)
Appointment: Faruk Kocabas (director) · General meeting of 26-05-2025 · Gazette deed
Comparable companies
same main activity, the nearest in size| Company | ||||
|---|---|---|---|---|
| MMS ONLINE BELGIUM Grimbergen | €174.6m | 5.1% | 0.2% | 0.4 |
| DE PELS Denderleeuw | - | - | 99.8% | - |
| AUDITEL GROUP Sambreville | - | - | -184.2% | - |
| GHASSAN ABOUD GENERAL TRADING Antwerp | €27.6m | 0.8% | 18.7% | 9.2 |
| VERSUNI BELGIUM Anderlecht | €46.7m | 1.5% | 17.2% | 8.5 |
| ELECTRO RETAIL GROUP Bruges | €69.8m | 0.1% | 9.5% | 8.5 |
| NEVEN Sint-Truiden | - | - | 89.6% | 8.5 |
Grey: the largest companies of the sector (retail trade (NACE 47)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as MMS ONLINE BELGIUM: retail sale of electrical household appliances (NACE 47540). They are smaller than MMS ONLINE BELGIUM: total assets between €7.1m and €18m, founded between 1989 and 2020.
Official details
Source: KBO- Status
- Active since 26-06-2012Normal situation
- Registered office
- 41 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Retail sale of electrical household appliancesNACE 47540and 1 other
- Joint committee
- 201Independent retail · annual accounts 30-09-2025
- Establishment unit
- 2.211.481.4221853 Grimbergen, since 13-08-2012
- Financial year end
- 30 September
- Peppol
- Reachable
Annual accounts to 30-09-2025
- €58.3m▲ 10.3%
- Filing
- Filed on 30-01-2026, 90 days before the end of the filing period
Insights on MMS ONLINE BELGIUM
MMS ONLINE BELGIUM has existed since 2012. In 2014 turnover rose from €2.0m to €10.2m and staff from 10 to 25 full-time equivalents.
MEDIA MARKT - SATURN BELGIUM holds all the shares. In 2025, three directors stepped down.
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 MMS ONLINE BELGIUM
- What is the company number of MMS ONLINE BELGIUM?
- The company number of MMS ONLINE BELGIUM is 0846.855.431. The VAT number is the same number with BE in front: BE 0846.855.431.
- Where is MMS ONLINE BELGIUM based?
- The registered office is at Boechoutlaan 105, 1853 Grimbergen.Company details
- What does MMS ONLINE BELGIUM do?
- According to the KBO register, the main activity is retail sale of electrical household appliances (NACE 47540).
- What is the legal form of MMS ONLINE BELGIUM?
- MMS ONLINE BELGIUM is a public limited company (NV).
- When was MMS ONLINE BELGIUM founded?
- MMS ONLINE BELGIUM was founded on 26-06-2012.
- Is MMS ONLINE BELGIUM still active?
- Yes, MMS ONLINE BELGIUM is an active enterprise in the KBO register.
- How many employees does MMS ONLINE BELGIUM have?
- MMS ONLINE BELGIUM had an average of 0.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does MMS ONLINE BELGIUM fall under?
- In its 30-09-2025 annual accounts, MMS ONLINE BELGIUM states joint committee 201 (Independent retail).
- What is the turnover of MMS ONLINE BELGIUM?
- The turnover of MMS ONLINE BELGIUM was €174.6m in financial year 2025, according to the filed annual accounts.
- Is MMS ONLINE BELGIUM profitable?
- In financial year 2025, MMS ONLINE BELGIUM made a profit of €6.1m.
- Where can I find the annual accounts of MMS ONLINE BELGIUM?
- MMS ONLINE BELGIUM filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MMS ONLINE BELGIUM due?
- MMS ONLINE BELGIUM must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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