Summary
Conclusion
the dossier summarised in one paragraphThe KBO register records legal situation 050 for MM DECOR (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2019 annual accounts show equity of €48k and a net result of €40k.
Based on the State Gazette, CBE and 2 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone2.5%
Moderate
0%0,5%1,5%4%10%≥25%
No NACE activity registered
+Annual accounts: weaker financial profile
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Insolvency timeline
2 events24-04-2026
Bankruptcy
Bankruptcy closure (by liquidation)
27-03-2023
Bankruptcy
Opening
Signals
Insufficient current data: the most recent filed accounts (financial year 2019) are too old to derive current signals.
Filing behaviour
From the deposit records, complete market-wideFiling behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
Filed after the deadline
The financial year that closed on 31-08-2019 was due by 31-03-2020 and was filed on 09-04-2020, 9 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.
How we compute the deadline
The year end is derived from 3 filed financial years, each closing on 31-08. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-08-2019, that is 31-03-2020.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-08-2025 | 31-03-2026 | nothing on record | not filed | - |
| 31-08-2024 | 31-03-2025 | nothing on record | not filed | - |
| 31-08-2023 | 31-03-2024 | nothing on record | not filed | - |
| 31-08-2022 | 31-03-2023 | nothing on record | not filed | - |
| 31-08-2021 | 31-03-2022 | nothing on record | not filed | - |
| 31-08-2020 | 31-03-2021 | nothing on record | not filed | - |
| 31-08-2019 | 31-03-2020 | 09-04-2020 | 9 d late | 2020-08900405 |
| 31-08-2018 | 31-03-2019 | 15-02-2019 | 44 d early | 2019-05100238 |
| 31-08-2017 | 31-03-2018 | 01-02-2018 | 58 d early | 2018-04100426 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsRegister: 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.
Prior bankruptcy
Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.
Administrative Flags
No administrative flags
Financials
Turnover€1.30M+158.1%
EBIT margin3.4%+0.3pp
Net result€40k+198.8%
Working capital€-49k-36.0%
Directors1
Annual accounts & ratios
Source: NBB · 2019Annual accounts filed on 09-04-2020 with the NBB · fiscal year 2019 · volledig
€1.30M
+158.1%
18-19
€91k
+140.1%
18-19
€40k
+198.8%
18-19
€87k
+143.4%
18-19
€448k
+184.6%
18-19
€48k
+123.6%
18-19
€-49k
-36.0%
18-19
€17k
+148.4%
18-19
€400k
+194.3%
18-19
€352k
+158.7%
18-19
€48k
-
18-19
0.86
+17.2%
18-19
0.86
+17.2%
18-19
10.7%
-21.5%
18-19
1.01
-
18-19
83.1%
+33.6%
18-19
8.9%
+5.0%
18-19
3.1%
+15.8%
18-19
7.0%
-7.0%
18-19
Figures by fiscal year
| Fiscal year | 2019 |
|---|---|
| Deposit | volledig |
| Revenue | €1.30M |
| EBITDA | €91k |
| Net profit | €40k |
| Cash flow | €87k |
| Staff costs | - |
| Income taxes | €17k |
| Dividends | - |
| Total assets | €448k |
| Equity | €48k |
| Debt | €400k |
| of which ≤ 1y | €352k |
| of which > 1y | €48k |
| Working capital | €-49k |
| Employees (FTE) | - |
Ratios (computed)
| 2019 | |
|---|---|
| Current ratio | 0.86 |
| Quick ratio | 0.86 |
| Working capital ratio | -11.0% |
| Solvency | 10.7% |
| Debt / equity | 1.01 |
| Long-term debt ratio | 1.01 |
| Interest coverage | - |
| Gross margin | - |
| Net margin | 3.1% |
| ROA | 8.9% |
| ROE | 83.1% |
| EBITDA margin | 7.0% |
| Days sales outstanding | 82d |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2019
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2019 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €448k |
| Fixed assets | 21/28 | €146k |
| Tangible fixed assets | 22/27 | €146k |
| Current assets | 29/58 | €303k |
| Amounts receivable within one year | 40/41 | €293k |
| Cash & bank | 54/58 | €10k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €448k |
| Equity | 10/15 | €48k |
| Contributions / capital | 10/11 | €6k |
| Reserves | 13 | €2k |
| Accumulated profits (losses) | 14 | €40k |
| Amounts payable | 17/49 | €400k |
| Amounts payable after one year | 17 | €48k |
| Amounts payable within one year | 42/48 | €352k |
| Trade debts payable within one year | 44 | €292k |
| Income statement | ||
| Turnover | 70 | €1.30M |
| Gross operating margin | 9900 | €94k |
| Operating result | 9901 | €44k |
| Financial charges | 65 | €416 |
| Result before taxes | 9903 | €44k |
| Income taxes | 67/77 | €17k |
| Net result for the period | 9904 | €26k |
| Result to be appropriated | 9905 | €26k |
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2019 · computed63
/ 100
Healthy
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.
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from the NBB filing for FY 2019. Indicative, not credit advice.
Directors
Directors & mandates
2 directorsCurrent directors & mandates
-
GHERASIM Robert CiprianDirectorState Gazette act 22070180 (14-06-2022)Current14-06-2022 → present
Former directors (1)
-
Dolghii, MarianDirectorState Gazette act 22070180 (14-06-2022)Former- → 14-06-2022
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Insolvency mandates
1 mandate| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | CHARLES DE LA VALLEE POUSSIN AVENUE
LOUISE 349, BTE 17, 1050 IXELLES |
20-03-2023 → present | Belgian State Gazette |
Legal Structure
| NACE primary | - |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 04-02-2016 |
| Status | Active |
| Postal code | - |
| First BS signal | 27-03-2023 |
| Latest BS signal | 24-04-2026 |
Structure & network
Company structure: linked entities
1 linked entityMandates
Locations & real estate
Establishment units
1 locationMM DECOR
since 20162.250.947.950
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area621 m²
Buildings2
Building footprint156 m²
Volume (LiDAR)1,935 m³
Tallest building16.1 m · ±5 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21305C0266/00C012 | Brussels | 553 m² | 1 · 88 m² | 16.1 m · 5 fl. |
| 21447B0237/00M003 | Brussels | 68 m² | 1 · 68 m² | 15.6 m · 4 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.
Publications
Lifecycle & Insolvency Signals
2 events from the State Gazette24-04-2026
Bankruptcy
Bankruptcy closure (by liquidation)
27-03-2023
Bankruptcy
Opening
Time machine: BS events + macro context
2021-2026Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad · acts
1 acts Capital history · 1
14-06-2022
Capital change
All acts · 1
updated 4 years ago
2022
14-06-2022 All shares are now held by a single shareholder
Analysis
Snowflake analysis
financial profile on 5 axes50
/ 100
Mixed profile: strong on growth, weaker on stability.
All 5 axes are computed from data Checked has read.
Health
63
Profitability
58
Solvency
43
Growth
85
Stability
0
Ask AI about this company
Checked AISoon: ask questions about this dossier, risks, curator, sector comparison, answered from the official data on this page.
TryWhat are the main risks?Any recent red flags?Compare to sector peers
Coming soonAI due-diligence brief
Checked AIGenerate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Credit advice
verdict per customer and amountCompany registry
Company registry (CBE)
Crossroads BankNames & trade names
| Legal nameFR | MM DECOR |
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.