MX MANAGEMENT
ActiveSummary
MX MANAGEMENT has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €496,915 and a net result of €213,072. Equity has been growing by about 84% per year since 2023. Its solvency ranks better than 32% of 10,826 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 25-11-2022 Normal situation
- Activity
- Activities of head offices NACE 70100and 1 other
- Establishment unit
- 2.338.582.106 4950 Waimes, since 25-11-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 26-09-2025
Board and ownership
Board
- DANNEMARK Xavier Alexandre JosephDirector · since 25-11-2022
- Michel CREMERDirector · since 25-11-2022
Shareholders
- Michel CREMER50%annual accounts 2025
- Xavier DANNEMARK50%annual accounts 2025
- Holdings
- Shares in 4 companies including DANNEMARK and DANNEMARK Lg.
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
Annual accounts 2025
- Gross margin
- €27,597
- ▼ 20.0%
- Turnover
- ≈ €72,000
- estimated
- Profit
- €213,072
- ▲ 54.8%
- Equity
- €496,915
- ▲ 75.1%
- Total assets
- €1.6m
- ▲ 8.8%
- 2025 accounts filed 28 days after the deadline
Score breakdownraises riskLiquidity: current ratio 0.18, cash €51,652lowers riskSize: total assets €1.6mSector: Activities of head offices; management consultancy activities (NACE 70)Figures for financial year 2025 (filed on 29-08-2026)Show the evidence
Checked score
Score 2025
93
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 45% of micro companies in head offices and management consultancy (NACE 70)
Financial strength · tick: 2024
Strong
Solvency
57+12
equity 31.8% of total assets
Liquidity
48-2
short-term debt 19.3% · cash 3.3%
Profitability
72+11
return on assets 13.7%
Bankruptcy probability within 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.3%▲ +0.1 percentage points vs 06-2025
08-2025: 0.4%▲ +0.1 percentage points vs 07-2025highest value
09-2025: 0.1%▼ -0.3 percentage points vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.2%▲ +0.1 percentage points vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.3%▲ +0.1 percentage points vs 07-2026
09-2026: 0.1%▼ -0.2 percentage points vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Credit of up to €45,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.18 (0.28 in 2024), below 1. Short-term debt is 19.3% and cash 3.3% of total assets. 68.2% of the assets are financed with debt and provisions.
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 70, micro). It does better than 32% of them on solvency, 29% on liquidity, 35% on profitability and 86% on growth.
The bankruptcy probability was computed on 04-11-2026 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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 28 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filingsDeviation from the deadline
2025
28 days late
2024
28 days late
2023
21 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 26 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 August (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 28 days after the deadline Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00446312.
Annual accounts 2025 filed on 28-08-2026 at the NBB all 3 filings
Turnover
≈ €72,000
Estimated: probably between €43,000 and €110,000
EBIT margin
Not included in this filing
Net result
€213,072▲ 54.8%
2024 · €137,614
Working capital
-€246,695▼ 68.4%
2024 · -€146,466
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
€26,598
▼ 22.0%
2025
20232025
Net result
€213,072
▲ 54.8%
2025
highest quarter of the sector
20232025
Equity
€496,915
▲ 75.1%
2025
middle half of the sector
20232025
Total assets
€1.6m
▲ 8.8%
2025
middle half of the sector
20232025
Debt
€1.1m
▼ 7.6%
2025
20232025
Working capital
-€246,695
▼ 68.4%
2025
lowest quarter of the sector
20232025
Solvency
31.8%
▲ 12.1pp
2025
middle half of the sector
20232025
Current ratio
0.18
▼ 0.09
2025
lowest quarter of the sector
20232025
Return on assets (ROA)
13.7%
▲ 4.1pp
2025
middle half of the sector
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result€0.008m-€0.03m▲ 354%€0.03m▼ 22.0%
Net result€0.1mwithin the sector's middle half-€0.1mwithin the sector's middle half▲ 9.0%€0.2mabove the sector's middle half▲ 54.8%
Equity€0.1mwithin the sector's middle half-€0.3mwithin the sector's middle half▲ 94.1%€0.5mwithin the sector's middle half▲ 75.1%
Total assets€1.5mwithin the sector's middle half-€1.4mwithin the sector's middle half▼ 1.2%€1.6mwithin the sector's middle half▲ 8.8%
Debt€1.3m-€1.2m▼ 11.9%€1.1m▼ 7.6%
Working capital-€0.1mbelow the sector's middle half--€0.1mbelow the sector's middle half▲ 0.3%-€0.2mbelow the sector's middle half▼ 68.4%
Solvency10.1%below the sector's middle half-19.8%below the sector's middle half▲ 9.7pp31.8%within the sector's middle half▲ 12.1pp
Current ratio0.16below the sector's middle half-0.28below the sector's middle half▲ 0.120.18below the sector's middle half▼ 0.09
Return on assets (ROA)8.7%within the sector's middle half-9.6%within the sector's middle half▲ 0.9pp13.7%within the sector's middle half▲ 4.1pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 22% lower than in 2024.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€1.5m ▲ 9.2%
Current assets
€54,892 ▼ 2.1%
Equity and liabilities €1.6m
Equity
€496,915 ▲ 75.1%
Debt
€1.1m ▼ 7.6%
Debt's share of the balance-sheet total falls from 80.2% to 68.2%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
2.14▼
2024 · 4.06
ROE
42.9%▼
2024 · 48.5%
Debt ≤ 1 year
€301,588▲
2024 · €202,535
Debt > 1 year
€758,543▼
2024 · €943,168
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Pledge on other assets, amount secured | €1.3m | €1.3m | €1.3m |
| Carrying value of the other pledged assets | €1.3m | €1.3m | €1.3m |
Source: notes to the 2023 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Financial fixed assets | €1.4m | €19,000 | €127,000 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Other operating charges640/8 | €782 | €387 | €998 | ▲ 158% |
| Gross operating margin9900 | €8,292 | €34,475 | €27,597 | ▼ 20.0% |
| Operating profit (loss)9901 | €7,510 | €34,088 | €26,598 | ▼ 22.0% |
| Financial income75/76B | €160,000 | €144,000 | €220,000 | ▲ 52.8% |
| Recurring financial income75 | €160,000 | €144,000 | €220,000 | ▲ 52.8% |
| Financial charges65/66B | €41,282 | €40,473 | €33,526 | ▼ 17.2% |
| Recurring financial charges65 | €41,282 | €40,473 | €33,526 | ▼ 17.2% |
| Profit (loss) for the period before taxes9903 | €126,228 | €137,614 | €213,072 | ▲ 54.8% |
| Profit (loss) for the period9904 | €126,228 | €137,614 | €213,072 | ▲ 54.8% |
| Profit (loss) for the period to be appropriated9905 | €126,228 | €137,614 | €213,072 | ▲ 54.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €1.5m | €1.4m | €1.6m | ▲ 8.8% |
| Fixed assets21/28 | €1.4m | €1.4m | €1.5m | ▲ 9.2% |
| Financial fixed assets28 | €1.4m | €1.4m | €1.5m | ▲ 9.2% |
| Current assets29/58 | €0.03m | €0.06m | €0.05m | ▼ 2.1% |
| Amounts receivable within one year40/41 | €21 | €0.03m | €0.003m | ▼ 87.8% |
| Trade receivables40 | - | €0.03m | €0.003m | ▼ 87.8% |
| Other amounts receivable41 | €21 | - | - | - |
| Cash at bank and in hand54/58 | €0.03m | €0.03m | €0.05m | ▲ 75.4% |
| Deferred charges and accrued income490/1 | - | €3 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €1.5m | €1.4m | €1.6m | ▲ 8.8% |
| Equity10/15 | €0.1m | €0.3m | €0.5m | ▲ 75.1% |
| Contributions10/11 | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.1m | €0.3m | €0.5m | ▲ 80.8% |
| Distributable reserves133 | €0.1m | €0.3m | €0.5m | ▲ 80.8% |
| Profit (loss) carried forward14 | €228 | - | - | - |
| Amounts payable17/49 | €1.3m | €1.2m | €1.1m | ▼ 7.6% |
| Amounts payable after more than one year17 | €1.1m | €0.9m | €0.8m | ▼ 19.6% |
| Financial debts170/4 | €1.1m | €0.9m | €0.8m | ▼ 19.6% |
| Amounts payable within one year42/48 | €0.2m | €0.2m | €0.3m | ▲ 48.9% |
| Current portion of amounts payable after more than one year42 | €0.2m | €0.2m | €0.2m | ▲ 0.4% |
| Trade debts44 | €0.001m | - | - | - |
| Suppliers440/4 | €0.001m | - | - | - |
| Taxes, remuneration and social security45 | €0.001m | €0.001m | €0.001m | ▲ 25.9% |
| Taxes450/3 | €0.001m | €0.001m | €0.001m | ▲ 25.9% |
| Other amounts payable47/48 | - | - | €0.1m | - |
| Accrued charges and deferred income492/3 | €0.007m | €0.006m | €0.004m | ▼ 30.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €126,228 | €137,614 | €213,072 | ▲ 54.8% |
| Operating cash flow (approximation) | €126,228 | €137,614 | €213,072 | ▲ 54.8% |
| Investment in fixed assets (approximation) | - | €46,000 | -€127,000 | - |
| Change in cash | - | €1,876 | €22,210 | ▲ 12× |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Directors
2 directors, since incorporation
DANNEMARK Xavier Alexandre Joseph
Current
Director (not named in the articles) · since 25-11-2022 · term without a fixed end · listed in the 2025 annual accounts, filed on 28-08-2026
Michel CREMER
Current
Director (not named in the articles) · since 25-11-2022 · listed in the 2025 annual accounts, filed on 28-08-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 29-11-2022Owners and capital
Shareholders
2 ownersOwners 2
- Michel CREMERnatural personSourceown accounts 202550%
- Xavier DANNEMARKnatural personSourceown accounts 202550%
Capital transactions
Shareholders according to the deeds
At incorporation
deed of 29-11-2022 ↗
- Michel CREMER 100 shares (50%) · €10,000
- DANNEMARK Xavier Alexandre Joseph 100 shares (50%) · €10,000
Capital over time
- 29-11-2022 Incorporation · €20,000 · 200 shares
Mandate history
2 people, 2 in office
- Board
| Name | Functions and periods |
|---|---|
| DANNEMARK Xavier Alexandre Joseph |
|
| Michel CREMER |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director“Plein droit jusqu décision nouvelle acceptée par administrateur intéressé, décision actionnaires majorité voix”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs au prorata si plusieurs, entre vifs onéreux ou gratuit volontaires ou forcées exclusion et retrait,usufruit…”
Articles of association, deed of 29-11-2022 (in French)
Network & group
Holdings and subsidiaries
4 holdingsHoldings 4
Source for every holding own accounts 2025
- Equity €1.0m Profit of €201,167 in 2026 (profit of €430,582 in 2025) Checked score 6650%
- Equity €1.0m Profit of €43,798 in 2025 (profit of €41,292 in 2024) Checked score 8850%
- DANNEMARK Luxembourg SALUEquity €82,297Result €64,82450%
- Equity €79,739 Profit of €14,659 in 2025 (profit of €7,886 in 2024) Checked score 8950%
Holdings through the years 2023 to 2025
| Name | 2023 | 2024 | 2025 |
|---|---|---|---|
| DANNEMARK | 50% | ||
| DANNEMARK Lg. | 50% | ||
| DANNEMARK Luxembourg SALU | 50% | ||
| SPECTRA SERVICE Lg | 50% | ||
Source: list of holdings in its own accounts
Board mandates elsewhere
3 board mandatesBoard mandates of MX MANAGEMENTMX MANAGEMENT sits on their board3
Companies at the same address
4 other companies- TERMINATOR HOLDINGS LIMITED SUCCURSALE BELGIQUE Establishment · since 26-06-2009Founded in 2009 0816.592.421
- SPECTRA SERVICE Lg Registered office · since 08-03-2001Founded in 2001 · total assets €145,381 (2025) 0474.238.938
- DANNEMARK Lg. Registered office · since 05-02-1992Founded in 1991 · 11 FTE (2025) 0445.375.401
- DANNEMARK Registered office · since 01-07-1975Founded in 1975 · 21 FTE (2026) 0415.837.614
Connections & network
2 current directorsThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
This company
Company
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Shareholding
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Timeline
Deeds, filings and financial milestones
Deadline for the 2026 accounts:
2026
28-08
abbreviated format · 28 days late
2025
31-12
Financial
Highest result from 2023 to 2025net €213,072 ▲54.8%
The net result of €213,072 is the highest of those years.
28-08
full format · 28 days late
2024
31-12
Financial
Equity above €200,000equity €283,842 ▲94.1%
With a profit in every financial year since 2023, equity grows to €283,842.
21-08
full format · 21 days late
2022
29-11
Gazette deed
IncorporationFounding capital of €20,000, 200 shares · Founders: Michel CREMER and DANNEMARK Xavier Alexandre Joseph · Appointments: Michel CREMER (director) and DANNEMARK Xavier Alexandre Joseph (director)10 points ▸
Gazette deed
Incorporation
Founding capital of €20,000, 200 shares · Founders: Michel CREMER and DANNEMARK Xavier Alexandre Joseph · Appointments: Michel CREMER (director) and DANNEMARK Xavier Alexandre Joseph (director)10 points ▸
- Registered office clause, Rue de Hottleux 27, 4950 Waimes
- Board rule, 2
- Director appointment, Michel CREMER (director (not named in the articles))
- Director appointment, DANNEMARK Xavier Alexandre Joseph (director (not named in the articles))
- Permanent representative, Michel CREMER, mentioned twice in the deed
- Permanent representative, DANNEMARK Xavier Alexandre Joseph
- Founder, Michel CREMER
- Founder, DANNEMARK Xavier Alexandre Joseph
- Incorporation, 25-11-2022
- Founding capital, €20,000, 200 shares
- The deed holds 14 more points.
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
MX MANAGEMENT in French
Abbreviation
MX MGMT in French
Enterprise number
0793.989.936
Legal form
Private limited company
Status
Active, normal situation
Founded
25-11-2022
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 29-11-2022 (in French)Registered office and establishments
Registered office
Rue de Hottleux 27, 4950 Waimes, Belgium
Establishment unit
MX Management, Rue de Hottleux 27, 4950 Waimes since 25-11-2022 · unit number 2.338.582.106
Activities
NACEBEL 202570100
Activities of head offices main activity
70200
Business and other management consultancy
Codes under NACEBEL 2008
70100
Activities of head offices main activity
70220
Business consulting
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 29-11-2022 (in French)
“Toutes prestations de services et tous mandats sous forme d'études, d'organisation, d'expertises, d'actes techniques, de conseils et d'avis…”
9 activities
- Toutes prestations de services et tous mandats sous forme d'études, d'organisation, d'expertises, d'actes techniques, de conseils et d'avis financiers, techniques, commerciaux, administratifs au sens le plus large du terme et la fourniture d'études de marchés et d'organisation en matière financière, commerciale ou technique ;
- La fourniture de tous travaux administratifs et de secrétariat, la facturation pour compte de tiers ainsi que la fourniture de tous services dans le domaine de l'informatique ;
- De concevoir, d'étudier, de promouvoir et de réaliser tous projets informatiques, bureautiques et tout ce qui s'y rapporte ;
- D’effectuer des études notamment de marchés, de programmer et mettre en route des systèmes d'organisation, de vente et de publicité, le marketing, de mettre en application des systèmes pour traiter des données et toutes techniques en rapport avec la gestion technique, administrative, économique et générale d'entreprise ;
- D’exécuter tous mandats d'administrateur ; et en général, tous mandats et fonctions dans des sociétés, entreprises ou organismes publics ;
- Le développement, rachat, la vente, la prise de licences ou l'octroi de licences, de brevets, know-how et d'acte immobiliers apparentés ;
- La recherche, le développement, la production, la promotion ou la commercialisation de nouveaux produits, de nouvelles technologies et leur application.
- Contribuer à la constitution et au développement de sociétés par voie d'apports ou d'investissements généralement quelconques, en acceptant des mandats d'administrateur et en gérant ses participations. La gestion des participations comprend notamment toutes les activités de conseil et d'assistance en matière de stratégie et de gestion d'entreprise.
- Pour son propre compte, toutes activités et opérations se rapportant à la constitution et la gestion d'un patrimoine mobilier et/ou immobilier et la location financement de biens meubles et/ou immeubles aux tiers, notamment l'acquisition par l'achat ou autrement, la vente, l'échange, la construction, la transformation, l'amélioration, l'équipement, l’aménagement, l'embellissement, la location, la prise en location, le lotissement, la prospection et l'exploitation de biens meubles et/ou immeubles, ainsi que toutes opérations qui, directement ou indirectement sont en relation avec cet objet et qui sont de nature à favoriser l'accroissement et le rapport d'un patrimoine mobilier et/ou immobilier, de même que se porter caution pour la bonne fin d'engagements pris par des tiers qui auraient la jouissance de ces biens meubles et/ou immeubles.
Invoicing and payment
VAT number
BE 0793.989.936
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of June at 18:00
deed of 29-11-2022 (in French)Sites & property
Location
Buildings and parcels at the address
Ground area
1.2 ha
Building footprint
1,998 m²
Building volume
13,199 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 63080M0087/00P000 | Wallonia | 1.2 ha | 1 · 1,998 m² | 7.4 m · 2 |