Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
70 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
MMS Communications Belgium from Sint-Joost-ten-Node, company number BE0427878975, closed financial year 2025 with a result of € -2.4 million after tax. For that financial year MMS Communications Belgium recorded revenue of € 32.5 million and equity of € -8.2 million. Compared with financial year 2024, the result moved from € -1.4 million to € -2.4 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 30, 2026.
€ -8.2 million
▼ € 2.4 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.4 million
▼ 71 % more loss than in 2024
Profit after tax over the fiscal year.
€ 64
▼ € 100,775 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -24.9 million.
People and assets in 2025
200.5
▲ 11.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 16.4 million
▲ 3% vs 2024
€ 81,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 18,591
▼ 41% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 17.3 million
▲ 55% vs 2024
Loans from banks and other lenders, long and short.
€ 43.3 million
▼ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 778 days on average.
€ 5.4 million
▼ 29% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 154,103,049 | € 164,533,951 | € 33,228,471 | € 32,474,320 | ▼ 2% |
| Profit after taxes | € -97,443 | € -5,479,780 | € -1,396,660 | € -2,387,066 | ▼ € 990,406 |
| Equity | € 1,075,766 | € -4,404,014 | € -5,800,674 | € -8,187,740 | ▼ € 2.4 million |
| Total debts | € 68,088,555 | € 64,674,911 | € 64,221,112 | € 68,810,689 | ▲ 7% |
| Cash | € 1,268,359 | € 572,439 | € 100,839 | € 64 | ▼ € 100,775 |
| Retained profit | € -15,682,245 | € -21,162,025 | € -22,558,685 | € -24,945,751 | ▼ € 2.4 million |
| Bank debt | € 27,796,739 | € 14,777,622 | € 11,178,766 | € 17,271,501 | ▲ 55% |
| Balance sheet total | € 69,164,321 | € 60,270,896 | € 58,820,438 | € 61,108,826 | ▲ 4% |
| Employees (FTE) | 163.7 | 192.9 | 188.8 | 200.5 | ▲ 11.7 |
Key figures of MMS Communications Belgium, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to MMS Communications Belgium?
What happened at MMS Communications Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 2.4 million. Source: NBB ↗
- Charlotte FRIJNS stepped down as director. NBB
- Gautier PICQUET stepped down as director. NBB
- Charlotte FRIJNS became a director. NBB
- Gautier PICQUET became a director. NBB
- New establishment in Sint-Joost-ten-Node. KBO
- Start of the company according to the CBE. KBO
In short
From € 97,443 loss in 2022 to € 2.4 million loss in 2025.
Paid € 109,513 in corporate taxes since 2022.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by PUBLICIS GROUPE HOLDINGS BV (100%). It owns 50% of Space itself.
Directors
According to the 2025 annual accounts
Charlotte FRIJNS
Director
since 2025 · until 2026
Gautier PICQUET
Managing director
since 2025 · until 2026
Shareholders
PUBLICIS GROUPE HOLDINGS BV
100%
Participations
50%
Establishments
Establishment units
Physical locations of this company
Bolwerklaan 21
1210 Sint-Joost-ten-Node
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 70 companies are registered at this address.
All companies at this address →DEUTSCH-BELGISCH-LUXEMBURGISCHE HANDELSKAMER - BELGISCH-LUXEMBURGS-DUITSE KAMER VAN KOOPHANDEL - CHAMBRE DE COMMERCE BELGO-LUXEMBOURGEOISE-ALLEMANDE
€ 1.8 million revenue · 2025
MENSURA Service Externe de Prévention et de Protection au travail
€ 128.3 million revenue · 2025
PensioPlus (nederlands)
€ 848,627 gross margin · 2025
GROUPE GM BENELUX
€ 479,759 gross margin · 2025
CWT BELGIUM
€ 7.3 million revenue · 2025
+65 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0427.878.975
- VAT number
- BE 0427.878.975
- Registered office
- Bolwerklaan 21, 1210 Sint-Joost-ten-Node
- Names & denominations
- MMS Communications Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 September 1985
- Peppol
- Active · Active since 16 Dec 2025
- Activities · NACE
Activiteiten van reclamebureaus
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen