mmu
ActiveSummary
mmu has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €168k and a net result of €19k. Equity is growing by ~12.9% per year across the filed fiscal years. Its solvency ranks better than 71% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▲+46
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 3.99 against 4.03 in 2024; short-term debt: 23.6% and cash: 33.1% of total assets), and 24.6% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
75.4%
Return on assets
8.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
8 d early
2024
17 d early
2023
54 d early
2022
69 d early
2021
27 d early
2020
2 d early
2019
2 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€168k▲ 12.7%
2024 · €149k
Total assets
€223k▲ 13.1%
2024 · €197k
Net result
€19k
2024 · €-2k
Working capital
€157k▲ 18.1%
2024 · €133k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€45k▲ 3.3%€78k▲ 73.2%€41k▼ 47.0%€-78€26k
Net result€31k▼ 1.1%€53k▲ 71.0%€26k▼ 51.2%€-2k€19k
Equity€72k▲ 73.7%€125k▲ 74.5%€151k▲ 20.8%€149k▼ 1.3%€168k▲ 12.7%
Total assets€201k▲ 19.9%€255k▲ 27.0%€215k▼ 15.6%€197k▼ 8.4%€223k▲ 13.1%
Debt€129k▲ 2.3%€130k▲ 0.5%€64k▼ 50.7%€48k▼ 25.0%€55k▲ 14.5%
Working capital€76k▲ 69.4%€92k▲ 21.4%€124k▲ 34.1%€133k▲ 7.5%€157k▲ 18.1%
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 2025: €26k after a loss of €78 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €223k
Fixed assets
€13k ▼ 34.8%
Current assets
€210k ▲ 18.5%
Equity and liabilities €223k
Equity
€168k ▲ 12.7%
Debt
€55k ▲ 14.5%
Debt's share of the balance-sheet total rises from 24.3% to 24.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€34k▲
2024 · €7k
Cash flow
€26k▲
2024 · €5k
Current ratio
3.99▼
2024 · 4.03
Debt to equity
0.33▲
2024 · 0.32
ROE
11.3%▲
2024 · -1.4%
ROA
8.5%▲
2024 · -1.0%
Interest coverage
15.05▲
2024 · 1.85
Debt ≤ 1 year
€53k▲
2024 · €44k
Income taxes
€8k▲
2024 · €128
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €3k | €8k | €8k | €7k | ▼ 1.9% |
| Other operating charges640/8 | €459 | €460 | €760 | €670 | €688 | ▲ 2.6% |
| Gross operating margin9900 | €48k | €81k | €50k | €8k | €34k | ▲ 324% |
| Operating profit (loss)9901 | €45k | €78k | €41k | €-78 | €26k | ▲ 34,025% |
| Financial income75/76B | €0 | €118 | €1k | €2k | €3k | ▲ 35.7% |
| Recurring financial income75 | €0 | €118 | €1k | €2k | €3k | ▲ 35.7% |
| Financial charges65/66B | €2k | €5k | €4k | €4k | €2k | ▼ 44.3% |
| Recurring financial charges65 | €2k | €5k | €4k | €4k | €2k | ▼ 44.3% |
| Profit (loss) for the period before taxes9903 | €43k | €74k | €39k | €-2k | €27k | ▲ 1,514% |
| Income taxes67/77 | €12k | €20k | €13k | €128 | €8k | ▲ 6,219% |
| Profit (loss) for the period9904 | €31k | €53k | €26k | €-2k | €19k | ▲ 1,029% |
| Profit (loss) for the period to be appropriated9905 | €31k | €53k | €26k | €-2k | €19k | ▲ 1,029% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €201k | €255k | €215k | €197k | €223k | ▲ 13.1% |
| Fixed assets21/28 | €6k | €35k | €27k | €20k | €13k | ▼ 34.8% |
| Tangible fixed assets22/27 | €6k | €35k | €27k | €20k | €13k | ▼ 34.8% |
| Furniture and vehicles24 | €6k | €35k | €27k | €20k | €13k | ▼ 34.8% |
| Financial fixed assets28 | €0 | - | - | - | - | - |
| Current assets29/58 | €195k | €220k | €188k | €177k | €210k | ▲ 18.5% |
| Amounts receivable after more than one year29 | - | - | - | €67k | €68k | ▲ 2.0% |
| Other amounts receivable291 | - | - | - | €67k | €68k | ▲ 2.0% |
| Stocks and contracts in progress3 | - | €30k | €0 | - | - | - |
| Stocks30/36 | - | €30k | €0 | - | - | - |
| Amounts receivable within one year40/41 | €51k | €60k | €78k | €11k | €67k | ▲ 484% |
| Trade receivables40 | €41k | €48k | €0 | - | €62k | - |
| Other amounts receivable41 | €11k | €12k | €78k | €11k | €5k | ▼ 55.7% |
| Current investments50/53 | - | - | €60k | €0 | - | - |
| Cash at bank and in hand54/58 | €144k | €129k | €49k | €98k | €74k | ▼ 24.5% |
| Deferred charges and accrued income490/1 | - | €1k | €1k | €1k | €2k | ▲ 5.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €201k | €255k | €215k | €197k | €223k | ▲ 13.1% |
| Equity10/15 | €72k | €125k | €151k | €149k | €168k | ▲ 12.7% |
| Contributions10/11 | €9k | €9k | €9k | €9k | €9k | = |
| Reserves13 | €63k | €117k | €143k | €143k | €160k | ▲ 11.9% |
| Distributable reserves133 | €63k | €117k | €143k | €143k | €160k | ▲ 11.9% |
| Profit (loss) carried forward14 | €0 | €0 | - | €-2k | €0 | ▲ 100% |
| Amounts payable17/49 | €129k | €130k | €64k | €48k | €55k | ▲ 14.5% |
| Amounts payable within one year42/48 | €119k | €127k | €64k | €44k | €53k | ▲ 19.7% |
| Financial debts43 | €0 | - | - | - | - | - |
| Other loans439 | €0 | - | - | - | - | - |
| Trade debts44 | €1k | €32k | €167 | €299 | €791 | ▲ 165% |
| Suppliers440/4 | €1k | €32k | €167 | €299 | €791 | ▲ 165% |
| Taxes, remuneration and social security45 | €10k | €27k | €4k | €4k | €16k | ▲ 268% |
| Taxes450/3 | €10k | €21k | €4k | €4k | €11k | ▲ 155% |
| Remuneration and social security454/9 | - | €6k | €0 | - | €5k | - |
| Other amounts payable47/48 | €108k | €68k | €60k | €39k | €36k | ▼ 9.4% |
| Accrued charges and deferred income492/3 | €10k | €3k | €0 | €4k | €2k | ▼ 44.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31k | €53k | €26k | €-2k | €19k | ▲ 1,029% |
| + Depreciation and write-downs630 | €2k | €3k | €8k | €8k | €7k | ▼ 1.9% |
| Operating cash flow (approximation) | €34k | €56k | €34k | €5k | €26k | ▲ 381% |
| Investment in fixed assets (approximation) | - | €-32k | €0 | €0 | €-425 | - |
| Change in cash | - | €-15k | €-80k | €49k | €-24k | ▼ 149% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
31-12
Financial
Equity above €150kEq €168k ▲12.7%
Equity rises from €149k to €168k.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150kEq €151k ▲20.8%
6 profitable years in a row build equity to €151k.
23-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €53k ▲71%
Operating result €78k, net result €53k, both a record.
31-12
Financial
Equity above €100kEq €125k ▲74.5%
5 profitable years in a row build equity to €125k.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Kortrijk · 1 establishment unit since 2016
Ground area
1,052 m²
Building footprint
223 m²
Volume, LiDAR
1,129 m³
Parcel 34026A0598/00P003, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
mmu
since 20162.255.949.982
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34026A0598/00P003 | Flanders | 1,052 m² | 1 · 223 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 40,693 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
Founded30-08-2016
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
47120Other non-specialised retail sale
62200Computer consultancy and computer facilities management
69109Other legal services
73300Public relations and communication consultancy
Scores and ratios are computed by Checked and are not a credit decision.