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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Tight liquidity NBB
Cash and receivables cover 18 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MMW from Gent, company number BE0762489977, closed financial year 2025 with a result of € 126,475 after tax. For that financial year MMW recorded a gross margin of € 189,271 and equity of € 5,000. Compared with financial year 2024, the result moved from € 19,448 to € 126,475. Profitable, and profit is growing. The buffer shrank hard: equity is 96 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 1, 2026.
€ 5,000
▼ 96% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 126,475
▲ € 107,027 vs 2024
Profit after tax over the fiscal year.
€ 187
▲ € 170 vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 239,745 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 18,896
▼ 6% 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.
€ 5,356
▼ 75% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 6,921
▼ 70% vs 2024
Loans from banks and other lenders, long and short.
€ 2,759
▼ 56% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 31,615
▼ 66% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 270,545 | € 315,130 | € 47,087 | € 189,271 | ▲ € 142,184 |
| Profit after taxes | € 181,648 | € 216,363 | € 19,448 | € 126,475 | ▲ € 107,027 |
| Equity | € 294,459 | € 510,822 | € 118,270 | € 5,000 | ▼ 96% |
| Total debts | € 179,484 | € 192,477 | € 539,748 | € 342,419 | ▼ 37% |
| Cash | € 111,437 | € 243,021 | € 17 | € 187 | ▲ € 170 |
| Retained profit | € 289,459 | € 505,822 | € 113,270 | € 0 | ▼ 100% |
| Dividend | € 1,600 | € 0 | € 412,000 | € 239,745 | ▼ 42% |
| Bank debt | € 55,747 | € 39,666 | € 23,391 | € 6,921 | ▼ 70% |
| Balance sheet total | € 473,943 | € 703,299 | € 658,018 | € 347,419 | ▼ 47% |
Key figures of MMW, 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 MMW?
What happened at MMW in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 126,475 (▲ € 107,027 vs 2024). Source: NBB ↗
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- New establishment in Gent. KBO
In short
From € 181,648 profit in 2022 to € 126,475 profit in 2025.
Paid € 171,443 in corporate taxes since 2022.
Best year ever: 2023, with € 216,363 profit.
Paid out € 653,345 in dividends to the owners in total.
Management
Behind MMW is Willem Wijnen.
Directors
According to the 2025 annual accounts
Willem Wijnen
Director
Establishments
Establishment units
Physical locations of this company
Willem van Nassaustraat 18
9000 Gent
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- WIJNEN Willem(oprichter) 100%
Details
- Company number
- 0762.489.977
- VAT number
- BE 0762.489.977
- Registered office
- Willem van Nassaustraat 18, 9000 Gent
- Names & denominations
- MMW
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 January 2021
- Peppol
- Active · Active since 19 Dec 2025
- Activities · NACE
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