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M&M Cars Group

Active Risk: not assessed
Private limited companyfounded 20223 yrs activeSoenenspark 44a, 9051 Gent, BelgiumKBO/BCE: BE 0795.472.551
Summary

M&M Cars Group has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €3.4m and a net result of €448,795. Its solvency ranks better than 57% of 9085 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
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Signals

1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filings
Deviation from the deadline
2025
not confirmed
2024
28 d late
2023
61 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 45 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

M&M Cars Group was incorporated on 28 December 2022 as a Private limited company.1 The name was changed to Vantro Group in 2026.2 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 30-04-2026
  3. 3National Bank, annual accounts 2024

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Financials · fiscal year 2024, abbreviated schema

Equity
€3.4m▲ 15.3%
2023 · €2.9m
Total assets
€6.7m▲ 3.2%
2023 · €6.5m
Net result
€448,795▲ 3.1%
2023 · €435,245
Working capital
-€621,761▼ 75.1%
2023 · -€355,182
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20232024
Operating result€93,314-€105,987▲ 13.6%
Net result€435,245above the sector's middle half-€448,795above the sector's middle half▲ 3.1%
Equity€2.9mabove the sector's middle half-€3.4mabove the sector's middle half▲ 15.3%
Total assets€6.5mabove the sector's middle half-€6.7mabove the sector's middle half▲ 3.2%
Debt€3.6m-€3.3m▼ 6.7%
Working capital-€355,182below the sector's middle half--€621,761below the sector's middle half▼ 75.1%
Solvency45.0%within the sector's middle half-50.3%within the sector's middle half▲ 5.3pp
Current ratio0.30below the sector's middle half-0.09below the sector's middle half▼ 0.20
Return on assets (ROA)6.7%within the sector's middle half-6.7%within the sector's middle half=
above within below the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
€0€200,000€400,000Operating result 2023: €93,314€93,314Net result 2023: €435,245€435,245Operating result 2024: €105,987€105,987Net result 2024: €448,795€448,79520232024€0€200,000€400,000Operating result 2023: €93,314€93,300Net result 2023: €435,245€435,000Operating result 2024: €105,987€106,000Net result 2024: €448,795€449,00020232024
The operating result rises in 2024; 2024 is 14% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6.7m
Fixed assets €6.7m ▲ 4.6%
Current assets €61,995 ▼ 58.3%
Equity and liabilities €6.7m
Equity €3.4m ▲ 15.3%
Debt €3.3m ▼ 6.7%
Debt's share of the balance-sheet total falls from 55.0% to 49.7%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
ROE
13.3%▼
2023 · 14.8%
Debt ≤ 1 year
€683,756▲
2023 · €503,900
Debt > 1 year
€2.7m▼
2023 · €3.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 37 lines
Balance sheet Code20232024
Assets
Total assets20/58€6.5m€6.7m▲
Fixed assets21/28€6.4m€6.7m▲
Financial fixed assets28€6.4m€6.7m▲
Current assets29/58€148,718€61,995▼
Amounts receivable within one year40/41€22,104€29,570▲
Trade receivables40€13,613€17,736▲
Other amounts receivable41€8,492€11,833▲
Cash at bank and in hand54/58€126,603€32,414▼
Deferred charges and accrued income490/1€11€11=
Equity and liabilities
Total equity and liabilities10/49€6.5m€6.7m▲
Equity10/15€2.9m€3.4m▲
Contributions10/11€2.5m€2.5m=
Reserves13€435,245€884,040▲
Distributable reserves133€435,245€884,040▲
Amounts payable17/49€3.6m€3.3m▼
Amounts payable after more than one year17€3.1m€2.7m▼
Financial debts170/4€3.1m€2.7m▼
Amounts payable within one year42/48€503,900€683,756▲
Current portion of amounts payable after more than one year42€406,268€423,205▲
Trade debts44€97,632€218,496▲
Suppliers440/4€97,632€218,496▲
Other amounts payable47/48-€42,055
Accrued charges and deferred income492/3€85€232▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,327-
Other operating charges640/8€348-
Gross operating margin9900€95,989€105,987▲
Operating profit (loss)9901€93,314€105,987▲
Financial income75/76B€500,011€500,011=
Recurring financial income75€500,011€500,011=
Financial charges65/66B€158,080€157,203▼
Recurring financial charges65€158,080€157,203▼
Profit (loss) for the period before taxes9903€435,245€448,795▲
Profit (loss) for the period9904€435,245€448,795▲
Profit (loss) for the period to be appropriated9905€435,245€448,795▲
Appropriation of the result
Profit (loss) to be appropriated9906€435,245€448,795▲
Transfer to equity691/2€435,245€448,795▲
To other reserves6921€435,245€448,795▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,327--
Other operating charges640/8€348--
Gross operating margin9900€95,989€105,987▲ 10.4%
Operating profit (loss)9901€93,314€105,987▲ 13.6%
Financial income75/76B€500,011€500,011=
Recurring financial income75€500,011€500,011=
Financial charges65/66B€158,080€157,203▼ 0.6%
Recurring financial charges65€158,080€157,203▼ 0.6%
Profit (loss) for the period before taxes9903€435,245€448,795▲ 3.1%
Profit (loss) for the period9904€435,245€448,795▲ 3.1%
Profit (loss) for the period to be appropriated9905€435,245€448,795▲ 3.1%
Line20232024Change
Assets
Total assets20/58€6.5m€6.7m▲ 3.2%
Fixed assets21/28€6.4m€6.7m▲ 4.6%
Financial fixed assets28€6.4m€6.7m▲ 4.6%
Current assets29/58€148,718€61,995▼ 58.3%
Amounts receivable within one year40/41€22,104€29,570▲ 33.8%
Trade receivables40€13,613€17,736▲ 30.3%
Other amounts receivable41€8,492€11,833▲ 39.4%
Cash at bank and in hand54/58€126,603€32,414▼ 74.4%
Deferred charges and accrued income490/1€11€11=
Equity and liabilities
Total equity and liabilities10/49€6.5m€6.7m▲ 3.2%
Equity10/15€2.9m€3.4m▲ 15.3%
Contributions10/11€2.5m€2.5m=
Reserves13€435,245€884,040▲ 103%
Distributable reserves133€435,245€884,040▲ 103%
Amounts payable17/49€3.6m€3.3m▼ 6.7%
Amounts payable after more than one year17€3.1m€2.7m▼ 13.6%
Financial debts170/4€3.1m€2.7m▼ 13.6%
Amounts payable within one year42/48€503,900€683,756▲ 35.7%
Current portion of amounts payable after more than one year42€406,268€423,205▲ 4.2%
Trade debts44€97,632€218,496▲ 124%
Suppliers440/4€97,632€218,496▲ 124%
Other amounts payable47/48-€42,055-
Accrued charges and deferred income492/3€85€232▲ 173%
Line20232024Change
Profit (loss) for the period9904€435,245€448,795▲ 3.1%
+ Depreciation and write-downs630€2,327--
Operating cash flow (approximation)€437,572€448,795▲ 2.6%
Investment in fixed assets (approximation)--€295,000-
Change in cash--€94,189-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
30-04
State Gazette act Benaming
Name change · Share transfer · Capital conversion10 facts ▸
  • General meeting, 26-03-2026
  • Name change, Vantro Group
  • Share transfer
  • Capital conversion, A-aandelen
  • Share class, B-aandelen
  • Share class, 1000
  • Capital contribution, €2.500.000
  • Power of attorney
  • Power of attorney, Michaël Mullie
  • Other statement, voting result, eenparigheid van stemmen
2025
28-08
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
30-09
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
State Gazette actNBB filing
1 of 3 acts read
About the unread acts

Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
No directors read yet: 1 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
1,252 m²
Building footprint
602 m²
Volume, LiDAR
1,594 m³
Parcel 44062B0074/00G003, Flanders · tallest building 12.2 m. Linked by address, not a title deed.
10 companies at this address See who is registered here
1 establishment unit
M&M Cars Group
Soenenspark 44A, 9051 GentAgents in non-specialised wholesale trade
since 20222.342.350.852
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44062B0074/00G003 Flanders 1,252 m² 1 · 602 m² 12.2 m
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.

Articles of association

Name clause
Other statement
Alle verbintenissen in naam van de vennootschap aan te gaan, alle nuttige verklaringen af te leggen, alle documenten te ondertekenen, alles te doen wat nuttig e…
5 more provisions on this in the deed
Board rule
Artikel 13, 3
Niet-benoemde kandidaat kan terug voorgedragen worden voor ander mandaat, 2
Geen afstand of vermindering van rechten, algemene vergadering heeft recht doch niet verplichting om bestuurder(s) aan te duiden voor openblijvende manda(a)t(en…
Oudste aanwezige bestuurder tenzij voorzitter zelf plaatsvervanger aanduidde, raad van bestuur benoemt een voorzitter
Capital

Structure & network

Owners and holdings

1 owner · 2 holdings · 3 subsidiaries in the tree

Owners 1

Holdings 2

All subsidiaries, including indirect ones 3

Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.

According to the 2024 annual accounts of M&M Cars Group and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 6,138 companies in this sector we hold annual accounts for 2,575. 573 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded28-12-2022
Fiscal year end31-12
Legal name NL Vantro Group
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
64210Activities of holding companies
68110Buying and selling of own real estate
70100Activities of head offices
E-invoicing
Reachable via Peppol
Peppol ID 0208:0795472551
Registered 22-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.