NMMA
ActiveSummary
NMMA has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3,245 and a net result of €2,235. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 40% of 12,724 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Overview
- Equity
- €3,245
- Profit
- €2,235
Why 84raises risk1 change of registered office in 24 monthsSector: Retail trade (NACE 47)lowers riskFigures for financial year 2025 (filed 26-07-2026)Liquidity: current ratio 1.27, cash €2,481, halvedShow the evidence
Checked score
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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): better than 43% on solvency, 34% on liquidity, 87% on profitability and 96% on growth.
The bankruptcy probability was computed on 29-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 31 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Registered officeRegistered-office move
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result returns to profit in 2025: €2,388 after a loss of €1,824 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95.9% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,053 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €16,536 | €13,207 | - | €45 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €490 | €198 | €198 | €198 | €1,598 | €1,598 | €1,598 | = |
| Other operating charges640/8 | - | - | - | - | - | €623 | €511 | €528 | ▲ 3.4% |
| Gross operating margin9900 | €9,248 | €9,964 | €997 | €3,799 | €16,157 | €2,490 | €331 | €4,514 | ▲ 14× |
| Operating profit (loss)9901 | €789 | -€4,499 | -€12,912 | -€12,935 | €2,753 | €269 | -€1,824 | €2,388 | - |
| Financial income75/76B | - | - | - | €218 | €357 | - | €2,558 | - | - |
| Recurring financial income75 | - | - | €29 | €218 | €0 | - | €2,558 | - | - |
| Non-recurring financial income76B | - | - | - | €218 | €357 | - | €2,558 | - | - |
| Financial charges65/66B | - | - | - | €64 | €123 | €147 | €148 | €153 | ▲ 3.7% |
| Recurring financial charges65 | €36 | €43 | €55 | €64 | €118 | €147 | €148 | €153 | ▲ 3.7% |
| Non-recurring financial charges66B | - | - | - | - | €5 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €754 | €194 | -€8,777 | -€12,781 | €2,987 | €121 | €587 | €2,235 | ▲ 281% |
| Income taxes67/77 | - | €558 | - | - | - | - | - | - | - |
| Profit (loss) for the period9904 | €754 | -€364 | -€8,777 | -€12,781 | €2,987 | €121 | €587 | €2,235 | ▲ 281% |
| Profit (loss) for the period to be appropriated9905 | €754 | -€364 | -€8,777 | -€12,781 | €2,987 | €121 | €587 | €2,235 | ▲ 281% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €16,204 | €31,521 | €23,375 | €23,676 | €23,288 | €28,976 | €29,279 | €11,915 | ▼ 59.3% |
| Formation expenses20 | - | - | - | - | €0 | €0 | €0 | €0 | - |
| Fixed assets21/28 | - | €1,490 | €1,292 | €1,094 | €896 | €4,068 | €2,470 | €872 | ▼ 64.7% |
| Tangible fixed assets22/27 | - | €1,490 | €1,292 | €1,094 | €896 | €3,498 | €1,900 | €302 | ▼ 84.1% |
| Furniture and vehicles24 | - | - | - | - | - | €2,800 | €1,400 | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | - | - | €1,094 | €896 | €698 | €500 | €302 | ▼ 39.6% |
| Financial fixed assets28 | - | - | - | - | - | €570 | €570 | €570 | = |
| Current assets29/58 | €16,204 | €30,032 | €22,083 | €22,583 | €22,392 | €24,908 | €26,809 | €11,043 | ▼ 58.8% |
| Stocks and contracts in progress3 | €15,689 | €25,977 | €21,845 | €22,065 | €20,563 | €20,563 | €20,563 | €8,563 | ▼ 58.4% |
| Stocks30/36 | - | - | - | €22,065 | €20,563 | €20,563 | €20,563 | €8,563 | ▼ 58.4% |
| Amounts receivable within one year40/41 | - | €330 | €30 | €70 | €132 | €61 | €24 | - | - |
| Trade receivables40 | - | - | - | - | - | - | €24 | - | - |
| Other amounts receivable41 | - | - | - | €70 | €132 | €61 | - | - | - |
| Cash at bank and in hand54/58 | €515 | €3,724 | €208 | €447 | €1,697 | €4,284 | €6,223 | €2,481 | ▼ 60.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €16,204 | €31,521 | €23,375 | €23,676 | €23,288 | €28,976 | €29,279 | €11,915 | ▼ 59.3% |
| Equity10/15 | €8,838 | €12,473 | €5,696 | -€2,685 | €302 | €424 | €1,011 | €3,245 | ▲ 221% |
| Contributions10/11 | €6,200 | €10,200 | - | €16,600 | €16,600 | €16,600 | €16,600 | €16,600 | = |
| Contributions outside capital11 | - | - | - | - | - | - | €16,600 | €16,600 | = |
| Other1109/19 | - | - | - | - | - | - | €16,600 | €16,600 | = |
| Reserves13 | €132 | €132 | €132 | €132 | €132 | €132 | €132 | €132 | = |
| Non-distributable reserves130/1 | - | - | - | €132 | €132 | €132 | €132 | €132 | = |
| Reserves not available under the articles1311 | - | - | - | €132 | €132 | €132 | €132 | €132 | = |
| Profit (loss) carried forward14 | €2,506 | €2,141 | -€6,636 | -€19,417 | -€16,430 | -€16,308 | -€15,721 | -€13,487 | ▲ 14.2% |
| Amounts payable17/49 | €7,366 | €19,048 | €17,679 | €26,361 | €22,986 | €28,552 | €28,269 | €8,670 | ▼ 69.3% |
| Amounts payable within one year42/48 | €7,366 | €19,048 | €17,679 | €26,361 | €22,986 | €28,552 | €28,269 | €8,670 | ▼ 69.3% |
| Trade debts44 | €1,635 | €13,814 | €2,938 | €7,189 | €258 | €2,487 | €2,576 | €3,803 | ▲ 47.6% |
| Suppliers440/4 | - | - | - | €7,189 | €258 | €2,487 | €2,576 | €3,803 | ▲ 47.6% |
| Taxes, remuneration and social security45 | - | - | - | €12,132 | €15,785 | €17,122 | €15,652 | €4,867 | ▼ 68.9% |
| Taxes450/3 | - | - | - | €1 | €1,416 | €1,131 | €1,283 | €4,867 | ▲ 279% |
| Remuneration and social security454/9 | - | - | - | €12,131 | €14,369 | €15,991 | €14,369 | - | - |
| Other amounts payable47/48 | - | - | - | €7,040 | €6,943 | €8,943 | €10,040 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €754 | -€364 | -€8,777 | -€12,781 | €2,987 | €121 | €587 | €2,235 | ▲ 281% |
| + Depreciation and write-downs630 | - | €490 | €198 | €198 | €198 | €1,598 | €1,598 | €1,598 | = |
| Operating cash flow (approximation) | €754 | €126 | -€8,579 | -€12,583 | €3,185 | €1,719 | €2,185 | €3,833 | ▲ 75.4% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | €0 | -€4,770 | €0 | €0 | - |
| Change in cash | - | €3,209 | -€3,516 | €239 | €1,250 | €2,587 | €1,938 | -€3,742 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 26-07-2026 | 2026-00331866 |
| 31-12-2024 | micro format | 17-08-2025 | 2025-00378565 |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00389067 |
| 31-12-2022 | micro format | 23-08-2023 | 2023-00343790 |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20342764 |
| 31-12-2020 | micro format | 30-08-2021 | 2021-61800383 |
| 31-12-2019 | micro format | 02-11-2020 | 2020-67700252 |
| 31-12-2018 | micro format | 30-08-2019 | 2019-57500404 |
| 31-12-2017 | micro format | 31-08-2018 | 2018-57200266 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Capital and shareholders
- 26-01-2024 Converted to unavailable equity
Group and network
Connections & network
No directors read yet: 2 of 4 Gazette acts processed.
History
Acts, filings and financial milestones
29-12
Gazette deed
Registered officeRegistered-office move2 facts ▸
- General meeting, 20-10-2025
- Registered-office move, 28, rue Xavier De Bue à 1180 Bruxelles
26-01
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointmentsCapital conversion · Capital · Director in office7 facts ▸
- Other provision, “mise en conformité des statuts avec le Code des sociétés et des associations, première modification des statuts” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Other provision, “limitation du compte de capitaux propres statutairement indisponible”, EUR (deed in French)
- Amendment of the articles
- Capital
- Director in office, ZAMANI Ali Hussein (director)
- Power of attorney (2 times)
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21616A0181/00C003indicative | Brussels | 1,462 m² | 1 · 652 m² | 12.2 m |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- NMMA
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, Article 2” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Organe d’administration, nommés avec ou sans limitation de durée” (deed in French)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Tous frais de procédure et d’expertise pour moitié à charge du cédant et pour moitié à charge du ou des acquéreurs,proportionnellement au…” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Monday of June
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “En tout temps, prévues pour modifications aux statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Pour quelque cause et à quelque moment que ce soit, le ou les administrateurs en fonction” (deed in French)