MMVS
Annual accounts 2025
abbreviated format, filed on 30-07-2026, 1 day before the deadlineThe turnover shown is an estimate from the gross margin.
Turnover ≈ €120,000. Estimated: probably between €76,000 and €180,000.
Balance sheet
balance sheet total €548,563 on 31-12-2025in euro
in euro
Position in the sector
-5.3%
Higher than 9% of 10,856 companies in 2025.
0.12
Higher than 8% of 10,478 companies in 2025.
3.7%
Higher than 43% of 10,725 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
548,563 | 573,881 | 594,870 | 572,452 | 576,187 | 441,833 | 15,086 | |
21/28 |
502,517 | 518,844 | 536,156 | 555,454 | 552,118 | 432,457 | 839 | |
22/27 |
498,017 | 514,344 | 531,656 | 550,954 | 552,118 | 432,457 | 789 | |
22 |
494,128 | 511,165 | 528,203 | 545,241 | 548,573 | 431,713 | - | |
24 |
3,889 | 3,179 | 3,453 | 5,713 | 3,545 | 744 | 789 | |
28 |
4,500 | 4,500 | 4,500 | 4,500 | - | - | 50 | |
29/58 |
46,047 | 55,037 | 58,714 | 16,998 | 24,069 | 9,376 | 14,248 | |
40/41 |
34,887 | 41,501 | 55,512 | 12,104 | 18,925 | 2,611 | 6,755 | |
40 |
30,808 | 23,956 | 50,602 | 9,500 | 9,030 | 1,355 | 5,445 | |
41 |
4,079 | 17,545 | 4,910 | 2,604 | 9,895 | 1,256 | 1,310 | |
54/58 |
11,011 | 9,892 | 232 | 2,032 | 2,317 | 6,765 | 7,493 | |
490/1 |
149 | 3,644 | 2,970 | 2,862 | 2,827 | - | - | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
548,563 | 573,881 | 594,870 | 572,452 | 576,187 | 441,833 | 15,086 | |
10/15 |
-29,277 | -49,378 | -58,843 | -54,710 | -55,673 | -19,814 | 11,300 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | |
14 |
-35,477 | -55,578 | -65,043 | -60,910 | -61,873 | -26,014 | 5,100 | |
17/49 |
577,841 | 623,259 | 653,713 | 627,163 | 631,860 | 461,647 | 3,787 | |
17 |
204,528 | 225,091 | 245,330 | 265,250 | 284,855 | - | - | |
170/4 |
204,528 | 225,091 | 245,330 | 265,250 | 284,855 | - | - | |
42/48 |
373,312 | 396,941 | 407,258 | 361,533 | 347,004 | 461,647 | 3,787 | |
42 |
20,563 | 20,239 | 19,920 | 21,226 | 19,297 | - | - | |
44 |
4,016 | 11,239 | 15,526 | 743 | 2,335 | 5,351 | 83 | |
440/4 |
4,016 | 11,239 | 15,526 | 743 | 2,335 | 5,351 | 83 | |
45 |
- | 230 | - | 0 | 340 | 2,153 | 2,153 | |
450/3 |
- | 230 | - | 0 | 340 | 2,153 | 2,153 | |
47/48 |
348,733 | 365,234 | 371,812 | 339,565 | 325,033 | 454,144 | 1,550 | |
492/3 |
- | 1,227 | 1,125 | 380 | - | - | - | |
| Income statement | ||||||||
9900 |
47,554 | 36,272 | 24,135 | 25,972 | -9,789 | -11,074 | 9,296 | |
630 |
19,679 | 18,435 | 19,298 | 18,398 | 17,347 | 15,705 | 1,560 | |
640/8 |
3,709 | 3,706 | 3,846 | 1,506 | 4,072 | 4,178 | 426 | |
9901 |
24,166 | 14,131 | 991 | 6,069 | -31,208 | -30,956 | 7,310 | |
75/76B |
- | 34 | - | 0 | 29 | 0 | - | |
75 |
- | 34 | - | 0 | 29 | 0 | - | |
65/66B |
4,065 | 4,699 | 5,124 | 5,106 | 4,679 | 158 | 57 | |
65 |
4,065 | 4,699 | 5,124 | 5,106 | 4,679 | 158 | 57 | |
9903 |
20,101 | 9,465 | -4,132 | 962 | -35,858 | -31,114 | 7,253 | |
67/77 |
- | - | - | - | - | - | 2,153 | |
9904 |
20,101 | 9,465 | -4,132 | 962 | -35,858 | -31,114 | 5,100 | |
9905 |
20,101 | 9,465 | -4,132 | 962 | -35,858 | -31,114 | 5,100 | |
| Appropriation of the result | ||||||||
9906 |
-35,477 | -55,578 | -65,043 | -60,910 | -61,873 | -26,014 | 5,100 | |
14P |
-55,578 | -65,043 | -60,910 | -61,873 | -26,014 | - | - | |
| Document | ||||||||
The notes to these accounts have 9 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 30-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-07-2026 | 2026-00352076 | |
| 31-12-2024 | full format | 29-07-2025 | 2025-00321603 | |
| 31-12-2023 | full format | 04-10-2024 | 2024-00492943 | |
| 31-12-2022 | full format | 28-08-2023 | 2023-00360301 | |
| 31-12-2021 | micro format | 04-08-2022 | 2022-20273398 | |
| 31-12-2020 | micro format | 12-08-2021 | 2021-48300224 | |
| 31-12-2019 | micro format | 20-08-2020 | 2020-43000167 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| 43,845 | 32,566 | 20,289 | 24,466 | -13,861 | -15,252 | 8,870 | ||
| 39,780 | 27,900 | 15,165 | 19,360 | -18,511 | -15,409 | 6,660 | ||
| 3,352 | 1,123 | 0 | 21,734 | 137,008 | 447,373 | 1,233 | ||
| 1,120 | 9,660 | -1,801 | -285 | -4,449 | -728 | - | ||
| -327,266 | -341,904 | -348,544 | -344,535 | -322,935 | -452,271 | 10,461 | ||
| -5.3% | -8.6% | -9.9% | -9.6% | -9.7% | -4.5% | 74.9% | ||
| 0.12 | 0.14 | 0.14 | 0.05 | 0.07 | 0.02 | 3.76 | ||
| - | - | - | - | - | - | 0.34 | ||
| - | - | - | - | - | - | 45.1% | ||
| 3.7% | 1.6% | -0.7% | 0.2% | -6.2% | -7.0% | 33.8% | ||
| 10.79 | 6.93 | 3.96 | 4.79 | -2.96 | - | - |
EBIT margin: not included in this filing.
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €3,352 | €1,123 | - | €17,234 | €137,008 |
| Financial fixed assets | - | - | - | €4,500 | - |
| €19,679 | €18,435 | €19,298 | €18,398 | €17,347 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on MMVS
The operating result for 2025 is 71% higher than in 2024 and the highest since 2019. It is the second rise in a row, after the fall in 2023.
Equity is negative. Debt (€577,841) exceeds the balance-sheet total (€548,563).