Checked.be
Active
BE 0470.560.658Private limited company (pre-2019)Open bankruptcy
M.M. HOLDING
Rue du Parc 46 ·4432 Ans, Belgium· 26 yrs active
Sector: Manufacture of fabricated metal products, except machinery and equipment
(25210)
Conclusion
A bankruptcy procedure is open for M.M. HOLDING according to publications in the Belgian State Gazette. The 2022 annual accounts show negative equity (€-60k) and a net result of €-48k.
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €-60k |
| Net result | €-48k |
| Better than sector | 5% |
| Active | 26 yrs |
Financial profile
33
/ 100
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Health
0
Profitability
100
Solvency
33
Growth
32
Stability
0
Bankruptcy probability (12 mo)
Bankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Risk Assessment
50 / 100
High riskRegister: open bankruptcyThis score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Components
· Open bankruptcy (+50)
Trust signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
0
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
No credit
open bankruptcy
Score history
60
2018
57
2019
62
2020
25
2021
7
2022
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.31 (< 1.0)
-10
Quick ratio
Quick ratio 0.06 (< 0.6)
-5
Equity
Negative equity
-25
Profitability
ROE 80% (≥ 10%)
+10
Interest coverage
Interest coverage -822.7× (< 1.5×)
-10
Profit trend
Net profit down YoY
-3
Bankruptcy
Open bankruptcy
-60
Computed by Checked from the NBB filing for FY 2022 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview
Annual accounts filed on 26-07-2023 with the NBB · fiscal year 2022 · micro schema
Sector comparison
Fiscal year 2022 · NACE 25, Manufacture of fabricated metal products, except machinery and equipment · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -159.2% | 34.2% | |
| Net result | €-48k | €14k | |
| Equity | €-60k | €29k | |
| Gross operating margin | €-45k | €37k | |
| Total assets | €38k | €104k |
€-46k
-288.7%
18-22
€-48k
-281.2%
18-22
€-46k
-131.9%
18-22
€38k
+59.0%
18-22
€-60k
-396.2%
18-22
€-67k
-457.0%
18-22
€150
-
18-22
€0
-
18-22
€98k
+172.9%
18-22
€98k
+172.9%
18-22
€0
-100.0%
18-22
0.31
-53.1%
18-22
0.06
+3316.5%
18-22
-159.2%
-212.0%
18-22
-1.63
+45.0%
18-22
79.8%
-23.2%
18-22
-127.1%
-139.7%
18-22
-822.68
-
18-22
Figures by fiscal year and ratios
| Fiscal year | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €-46k | - | €-12k | €-4k | €-2k |
| Net profit | €-48k | €-13k | €-20k | €-10k | €-8k |
| Cash flow | €-46k | - | €-20k | €-5k | €-2k |
| Staff costs | - | - | - | - | - |
| Income taxes | €150 | - | €0 | €127 | €0 |
| Dividends | - | - | - | - | €0 |
| Total assets | €38k | €24k | €565 | €86k | €89k |
| Equity | €-60k | €-12k | €474 | €13k | €23k |
| Debt | €98k | €36k | €91 | €74k | €66k |
| of which ≤ 1y | €98k | €36k | €91 | €66k | €54k |
| of which > 1y | - | - | €0 | €8k | €13k |
| Working capital | €-67k | €-12k | €474 | €4k | €14k |
| Employees (FTE) | - | - | - | - | - |
Ratios (computed)
| 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|
| Current ratio | 0.31 | 0.66 | 6.22 | 1.06 | 1.25 |
| Quick ratio | 0.06 | 0.00 | 6.22 | 1.06 | 1.25 |
| Working capital ratio | -178.8% | -51.0% | 83.9% | 4.5% | 15.3% |
| Solvency | -159.2% | -51.0% | 83.9% | 14.6% | 25.3% |
| Debt / equity | -1.63 | -2.96 | 0.00 | 0.60 | 0.56 |
| Long-term debt ratio | - | - | 0.00 | 0.60 | 0.56 |
| Interest coverage | -822.68 | - | - | - | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -127.1% | -53.0% | -3535.7% | -11.5% | -8.6% |
| ROE | 79.8% | 103.9% | -4213.5% | -79.1% | -34.1% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2022
Full annual accounts (29 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €38k | €24k | €565 | €86k | €89k |
| Fixed assets | 21/28 | €7k | - | €0 | €16k | €22k |
| Formation expenses | 20 | - | - | - | - | €0 |
| Intangible fixed assets | 21 | €6k | - | - | - | €0 |
| Tangible fixed assets | 22/27 | €1k | - | €0 | €14k | €20k |
| Financial fixed assets | 28 | - | - | €0 | €2k | €2k |
| Current assets | 29/58 | €30k | €24k | €565 | €70k | €67k |
| Stocks & contracts in progress | 3 | €24k | €24k | - | - | €0 |
| Amounts receivable within one year | 40/41 | €6k | €65 | €13 | €8k | €18k |
| Investments | 50/53 | - | - | - | - | €0 |
| Cash & bank | 54/58 | €5 | €2 | €552 | €62k | €49k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €38k | €24k | €565 | €86k | €89k |
| Equity | 10/15 | €-60k | €-12k | €474 | €13k | €23k |
| Contributions / capital | 10/11 | €19k | €19k | - | €19k | €19k |
| Reserves | 13 | €2k | €2k | €2k | €2k | €4k |
| Accumulated profits (losses) | 14 | €-80k | €-33k | €-20k | €-8k | €0 |
| Provisions & deferred taxes | 16 | - | - | - | - | €0 |
| Amounts payable | 17/49 | €98k | €36k | €91 | €74k | €66k |
| Amounts payable after one year | 17 | - | - | €0 | €8k | €13k |
| Amounts payable within one year | 42/48 | €98k | €36k | €91 | €66k | €54k |
| Trade debts payable within one year | 44 | €30k | €17k | €0 | €3k | €327 |
| Income statement | ||||||
| Gross operating margin | 9900 | €-45k | €-12k | €-6k | €-4k | €-1k |
| Operating result | 9901 | €-48k | €-12k | €-12k | €-10k | €-7k |
| Financial income | 75 | - | - | - | €0 | €2 |
| Financial charges | 65 | €56 | €451 | €247 | €251 | €401 |
| Result before taxes | 9903 | €-48k | €-13k | €-12k | €-10k | €-8k |
| Income taxes | 67/77 | €150 | - | €0 | €127 | €0 |
| Net result for the period | 9904 | €-48k | €-13k | €-12k | €-10k | €-8k |
| Result to be appropriated | 9905 | €-48k | €-13k | €-12k | €-10k | €-8k |
Directors & mandates
| Role | Name | Tenure |
|---|---|---|
| Curator | PASCAL LAMBERT RUE DE LA LECHE 36,
4020 LIEGE 2 |
10-08-2023 → present |
Legal Structure
| NACE primary | Manufacture of fabricated metal products, except machinery and equipment(25210) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 07-02-2000 |
| Status | Active |
| Postal code | 4432 |
| First insolvency signal | 17-08-2023 |
| Latest insolvency signal | 17-08-2023 |
Establishment units
Calidi-Heater-Development
since 20002.169.829.622
Real-estate footprint
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62001B0294/00C004 | Wallonia | 1,928 m² | 1 · 604 m² | 5.7 m · 1 fl. |
| 62001B0287/00Y003 | Wallonia | 295 m² | 1 · 92 m² | 9.9 m · 3 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2023
17-08
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · M.M. HOLDING SRL RUE DU PARC 46, 4432 ALLEUR · event 10-08-2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-48k
Net result drops to €-48k, the lowest in the series.
13-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 13 days late
2021
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
2020
31-12
Financial
Liquidity times 6current ratio 6.22
Current ratio from 1.06 to 6.22; short-term debt falls from €66k to €91.
06-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 6 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 31 days late
2014
30-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Lifecycle & Insolvency Signals
17-08-2023
Bankruptcy
Opening
Time machine, BS events + macro context
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgian State Gazette reading coverage
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
No credit: a bankruptcy procedure is open.
Company registry (CBE)
Activities
Manufacture of fabricated metal products, except machinery and equipment2521074142Activities auxiliary to financial services and insurance activities66290Business and other management consultancy70200Business consulting70220
Names & trade names
| Legal nameFR | M.M. HOLDING |
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