Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
M & M SYSTEMS from Mortsel, company number BE0451729295, closed financial year 2025 with a result of € -30,137 after tax. For that financial year M & M SYSTEMS recorded a gross margin of € -26,562 and equity of € 52,081. Compared with financial year 2024, the result moved from € 4,332 to € -30,137. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 52,081
▼ 37% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -30,137
▼ still € 4,332 profit in 2024
Profit after tax over the fiscal year.
€ 11,341
▼ 70% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 33,481.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 27,044
▼ 17% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 13,051 | € -18,378 | € 10,681 | € -26,562 | ▼ € 37,243 |
| Profit after taxes | € 4,985 | € -30,190 | € 4,332 | € -30,137 | ▼ € 34,469 |
| Equity | € 108,075 | € 77,886 | € 82,218 | € 52,081 | ▼ 37% |
| Total debts | € 145,343 | € 144,475 | € 134,217 | € 106,559 | ▼ 21% |
| Cash | € 565 | € 45,473 | € 37,643 | € 11,341 | ▼ 70% |
| Retained profit | € 89,475 | € 59,286 | € 63,618 | € 33,481 | ▼ 47% |
| Bank debt | € 42,763 | € 35,252 | € 20,448 | € 0 | ▼ 100% |
| Balance sheet total | € 253,418 | € 222,360 | € 216,434 | € 158,640 | ▼ 27% |
Key figures of M & M SYSTEMS, 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 M & M SYSTEMS?
What happened at M & M SYSTEMS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 30,137 (▼ € 34,469 vs 2024). filed late Source: NBB ↗
- New establishment in Mortsel. KBO
- Micheline Mortelmans became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 4,985 profit in 2022 to € 30,137 loss in 2025.
Best year ever: 2022, with € 4,985 profit.
Management
Behind M & M SYSTEMS is Micheline Mortelmans. Micheline Mortelmans is also behind M & M INVESTMENTS.
Directors
According to the 2025 annual accounts
since 1994
Establishments
Establishment units
Physical locations of this company
Armand Segerslei 136 - 138
2640 Mortsel
Armand Segerslei 136 box DAK
2640 Mortsel
Active since 19 January 1994
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0451.729.295
- VAT number
- BE 0451.729.295
- Registered office
- Armand Segerslei 136 - 138, 2640 Mortsel
- Names & denominations
- M & M SYSTEMS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 January 1994
- Peppol
- Not registered
- Activities · NACE
Vervaardiging van metalen constructiewerken en delen daarvan
Vervaardiging van metalen constructiewerken en onderdelen daarvan