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 21 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MM Founded I from Deinze, company number BE0789964337, closed financial year 2025 with a result of € 1.2 million after tax. For that financial year MM Founded I recorded a gross margin of € 1.6 million and equity of € 1.3 million. Compared with financial year 2024, the result moved from € 374 to € 1.2 million. 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 April 28, 2026.
€ 1.3 million
▲ € 1.2 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.2 million
▲ € 1.2 million vs 2024
Profit after tax over the fiscal year.
€ 12,227
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 1.2 million.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 738,204
▼ 72% vs 2024
Loans from banks and other lenders, long and short.
€ 7,658
▲ 98% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 24,160
▲ € 21,953 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 20,726 | € 6,528 | € 1,606,609 | ▲ € 1.6 million |
| Profit after taxes | € 6,145 | € 374 | € 1,197,480 | ▲ € 1.2 million |
| Equity | € 106,145 | € 106,518 | € 1,303,998 | ▲ € 1.2 million |
| Total debts | € 2,408,066 | € 2,794,173 | € 807,747 | ▼ 71% |
| Cash | - | - | € 12,227 | |
| Retained profit | € 6,145 | € 6,518 | € 1,203,998 | ▲ € 1.2 million |
| Bank debt | € 2,226,545 | € 2,665,564 | € 738,204 | ▼ 72% |
| Balance sheet total | € 2,514,210 | € 2,900,691 | € 2,111,745 | ▼ 27% |
Key figures of MM Founded I, fiscal years 2023 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 Founded I?
What happened at MM Founded I in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.2 million (▲ € 1.2 million vs 2024). Source: NBB ↗
- New establishment in Deinze. KBO
- Start of the company according to the CBE. KBO
- BMH Mestdagh BV became a director. NBB
- Prospectum BV became a director. NBB
- Davy Demuynck became a director. NBB
- Kristof Vanfleteren became a director. NBB
In short
From € 6,145 profit in 2023 to € 1.2 million profit in 2025.
Paid € 401,333 in corporate taxes since 2023.
Best year ever: 2025, with € 1.2 million profit.
Management
The stake of MM Estate Group comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MM Founded IBehind MM Founded I are BMH Mestdagh BV, Prospectum BV, Davy Demuynck and Kristof Vanfleteren. The shares are held by MM Estate Group (100%).
Directors
According to the 2025 annual accounts
Director · represented by Bruno Mestdagh
Also active at: MM Estate Group, MM Land, MM Develop I, MM Founded II, MM Martyrs Lane, MM Develop II, MM Antwerp Construct, MM Antwerp Land +1 more
since 2022
Director · represented by Kevin Mervielde
Also active at: MERIAUX INVEST, MERIAUX CONSTRUCT, MM Estate Group, MM Land, MM Develop I, MM Founded II, MM Martyrs Lane, MM Develop II +3 more
since 2022
Davy Demuynck
Director
Also active at: NATIONALE IMMOBILIENVENNOOTSCHAP VAN HET BOUWBEDRIJF, DECAT Energy Technics, RODEKRUISPLEIN, COBOS, IMMOCOBEL, DE NIEUWE KORTRIJKSE ZILVERSMEDERIJ, ESPOSITO, RIKOTAL +133 more
since 2022
Kristof Vanfleteren
Director
Also active at: NATIONALE IMMOBILIENVENNOOTSCHAP VAN HET BOUWBEDRIJF, DECAT Energy Technics, A’PEN, RODEKRUISPLEIN, COBOS, IMMOCOBEL, DE NIEUWE KORTRIJKSE ZILVERSMEDERIJ, ESPOSITO +139 more
since 2022
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Veldestraat 140A
9850 Deinze
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
- 0789.964.337
- VAT number
- BE 0789.964.337
- Registered office
- Veldestraat 140A, 9850 Deinze
- Names & denominations
- MM Founded I
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 August 2022
- Peppol
- Active · Active since 25 Aug 2025