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 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 46 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MM Development from Schaarbeek, company number BE0641824254, closed financial year 2025 with a result of € 525 after tax. For that financial year MM Development recorded a gross margin of € 177,985 and equity of € -54,244. Compared with financial year 2024, the result moved from € -12,796 to € 525. Profitable, and profit is growing. 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 June 9, 2026.
€ -54,244
▲ € 525 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 525
▲ still € 12,796 loss in 2024
Profit after tax over the fiscal year.
€ 34,625
▲ 69% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -154,244.
People and assets in 2025
€ 94,562
▲ 1% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 4,294
▼ 28% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.1 million
▼ 6% vs 2024
€ 67,503 is repaid this year. At this pace the long-term loan is gone in ≈ 16 years.
€ 36,756
▼ 49% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 19,511
▲ 28% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 118,056 | € 66,555 | € 163,205 | € 177,985 | ▲ 9% |
| Profit after taxes | € 33,843 | € -30,200 | € -12,796 | € 525 | ▲ € 13,321 |
| Equity | € -11,774 | € -41,973 | € -54,769 | € -54,244 | ▲ € 525 |
| Total debts | € 735,170 | € 1,271,016 | € 1,456,604 | € 1,393,036 | ▼ 4% |
| Cash | € 9,919 | € 5,542 | € 20,430 | € 34,625 | ▲ 69% |
| Land & buildings | € 696,888 | € 1,204,068 | € 1,298,039 | € 1,259,292 | ▼ 3% |
| Retained profit | € -111,774 | € -141,973 | € -154,769 | € -154,244 | |
| Bank debt | € 622,905 | € 1,138,130 | € 1,153,384 | € 1,087,566 | ▼ 6% |
| Balance sheet total | € 723,396 | € 1,229,043 | € 1,401,834 | € 1,338,791 | ▼ 4% |
Key figures of MM Development, 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 MM Development?
What happened at MM Development in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 525. Source: NBB ↗
- Matthieu Desplan stepped down as director. NBB
- New establishment in Oudergem. KBO
- Start of the company according to the CBE. KBO
In short
From € 33,843 profit in 2022 to € 525 profit in 2025.
Paid € 7 in corporate taxes since 2022.
Best year ever: 2022, with € 33,843 profit.
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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
Behind MM Development are Reginald Moraine, Jane-Elisabeth Nardella, Olivier De Coster and Priscilla Van Meerbeeck.
Directors
According to the 2025 annual accounts
Reginald Moraine
Director
Jane-Elisabeth Nardella
Director
Olivier De Coster
Director
Priscilla Van Meerbeeck
Director
· until 2025
Establishments
Establishment units
Physical locations of this company
Marcel Mariënstraat 21
1030 Schaarbeek
Vorstlaan 127
1160 Oudergem
Active since 22 October 2015
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
PROXIMUS-ISP-AS, BE
DNS
OVH DNS
Website info
Features
Security
Details
- Company number
- 0641.824.254
- VAT number
- BE 0641.824.254
- Registered office
- Marcel Mariënstraat 21, 1030 Schaarbeek
- Names & denominations
- MM Development · MMD
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 October 2015
- Peppol
- Active · Active since 28 Jul 2025
- Contact
- medimarien.be
- Activities · NACE
Activiteiten van huisartspraktijken
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen