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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Negative equity NBB
More debt than assets in 2 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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Tight liquidity NBB
Cash and receivables cover 28 % of short-term debt in 2025; threshold 65 %.
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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 41 from Oud-Heverlee, company number BE0474563689, closed financial year 2025 with a result of € -1,525 after tax. For that financial year M&M 41 recorded a gross margin of € -1,166 and equity of € -10,812. Compared with financial year 2024, the result moved from € -10,729 to € -1,525. 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 August 31, 2026.
€ -10,812
▼ € 1,525 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1,525
▲ 86 % less loss than in 2024
Profit after tax over the fiscal year.
€ 10
▼ € 5,125 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -18,248.
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.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,677 | € -3,485 | € 25,675 | € -1,166 | ▼ € 26,841 |
| Profit after taxes | € -841 | € -13,550 | € -10,729 | € -1,525 | ▲ € 9,204 |
| Equity | € 14,992 | € 1,442 | € -9,287 | € -10,812 | ▼ € 1,525 |
| Total debts | € 56,708 | € 49,698 | € 25,948 | € 14,951 | ▼ 42% |
| Cash | € 23,498 | € 2,383 | € 5,135 | € 10 | ▼ € 5,125 |
| Retained profit | € 7,555 | € -5,995 | € -16,724 | € -18,248 | ▼ € 1,524 |
| Balance sheet total | € 71,700 | € 51,140 | € 16,661 | € 4,139 | ▼ 75% |
Key figures of M&M 41, 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 41?
What happened at M&M 41 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1,525. filed late Source: NBB ↗
- New establishment in Oud-Heverlee. KBO
- Start of the company according to the CBE. KBO
In short
From € 841 loss in 2022 to € 1,525 loss in 2025.
Paid € 10 in corporate taxes since 2022.
Management
Behind M&M 41 is Michel Michiels.
Directors
According to the 2025 annual accounts
Michel Michiels
Manager
Establishments
Establishment units
Physical locations of this company
Kauwereelstraat 37
3051 Oud-Heverlee
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0474.563.689
- VAT number
- BE 0474.563.689
- Registered office
- Kauwereelstraat 37, 3051 Oud-Heverlee
- Names & denominations
- M&M 41
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 April 2001
- Peppol
- Not registered
- Activities · NACE
Metselwerk
Uitvoeren van metsel- en voegwerken