Financials
Financial year 2024
MM ADVOCAAT from Hasselt, company number BE0694660946, closed financial year 2024 with a result of € 754,405 after tax. For that financial year MM ADVOCAAT recorded a gross margin of € 1.1 million and equity of € 921,566. Compared with financial year 2023, the result moved from € 442,325 to € 754,405. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 1, 2025.
€ 921,566
▲ 20% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 754,405
▲ 71% vs 2023
Profit after tax over the fiscal year.
€ 49,695
▲ € 48,099 vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 600,000 paid out
80 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2024
€ 8,885
▲ 77% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 633,637
▲ 29% vs 2023
€ 216,553 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 4,077
▲ 171% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 9,306
▲ 42% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 471,402 | € 504,314 | € 627,304 | € 1,054,046 | ▲ 68% |
| Profit after taxes | € 300,067 | € 356,981 | € 442,325 | € 754,405 | ▲ 71% |
| Equity | € 317,855 | € 324,837 | € 767,162 | € 921,566 | ▲ 20% |
| Total debts | € 885,502 | € 902,166 | € 638,238 | € 704,270 | ▲ 10% |
| Cash | - | € 25,059 | € 1,596 | € 49,695 | ▲ € 48,099 |
| Land & buildings | € 585,710 | € 569,276 | € 552,842 | € 536,408 | ▼ 3% |
| Retained profit | € 299,255 | € 306,237 | € 748,562 | € 902,966 | ▲ 21% |
| Dividend | € 418,000 | € 350,000 | € 0 | € 600,000 | |
| Bank debt | € 560,498 | € 525,330 | € 489,706 | € 633,637 | ▲ 29% |
| Balance sheet total | € 1,203,358 | € 1,227,003 | € 1,405,400 | € 1,625,836 | ▲ 16% |
Key figures of MM ADVOCAAT, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to MM ADVOCAAT?
What happened at MM ADVOCAAT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 754,405 (▲ 71% vs 2023). Source: NBB ↗
- New establishment in Hasselt. KBO
- New establishment in Hasselt. KBO
- Start of the company according to the CBE. KBO
In short
From € 300,067 profit in 2021 to € 754,405 profit in 2024.
Paid € 612,314 in corporate taxes since 2021.
Best year ever: 2024, with € 754,405 profit.
Paid out € 1.4 million in dividends to the owners in total.
Management
Behind MM ADVOCAAT is Maxime Monard. Maxime Monard is also behind Terlamen.
Directors
According to the 2024 annual accounts
Establishments
Establishment units
Physical locations of this company
Zeven-Septemberlaan 2
3500 Hasselt
Recorstraat 700 box 501
3500 Hasselt
Active since 11 April 2018
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0694.660.946
- VAT number
- BE 0694.660.946
- Registered office
- Zeven-Septemberlaan 2, 3500 Hasselt
- Names & denominations
- MM ADVOCAAT
- Enterprise type
- Rechtspersoon
- Legal form
- Limited partnership
- Legal situation
- Normale toestand
- Start date
- 11 April 2018
- Peppol
- Active · Active since 31 Oct 2023
- Activities · NACE
Activiteiten van advocaten
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen