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 1 of the last 1 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 42 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MM Develop II from Deinze, company number BE1012828072, closed financial year 2025 with a result of € -133,225 after tax. For that financial year MM Develop II recorded a gross margin of € -129,229 and equity of € -71,725. 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 April 28, 2026.
€ -71,725
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -133,225
Profit after tax over the fiscal year.
€ 841,571
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -133,225.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 3.1 million
Loans from banks and other lenders, long and short.
€ 587,280
Supplier invoices still open on the last day of the fiscal year.
€ 635,593
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
What happened to MM Develop II?
What happened at MM Develop II in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- BMH Mestdagh BV stepped down as director. NBB
- Prospectum BV stepped down as director. NBB
- Davy Demuynck stepped down as director. NBB
- Kristof Vanfleteren stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 133,225. Source: NBB ↗
- New establishment in Deinze. KBO
- Start of the company according to the CBE. KBO
- BMH Mestdagh BV became a director. NBB
Management
The stake of MM Estate Group comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MM Develop IIThe 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 Founded I, MM Martyrs Lane, MM Antwerp Construct, MM Antwerp Land +1 more
since 2024 · until 2031
Director · represented by Kevin Mervielde
Also active at: MERIAUX INVEST, MERIAUX CONSTRUCT, MM Estate Group, MM Land, MM Develop I, MM Founded II, MM Founded I, MM Martyrs Lane +3 more
since 2024 · until 2031
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 2024 · until 2031
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 2024 · until 2031
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Veldestraat 140 box A
9850 Deinze
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →Prospectum same network
€ 268,997 gross margin · 2025
MM Estate Group same network
€ 167,962 gross margin · 2025
MM Land same network
€ 744,698 gross margin · 2025
MM Develop I same network
€ 65,606 gross margin · 2025
MM Martyrs Lane same network
€ 640,640 gross margin · 2025
+4 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 1012.828.072
- VAT number
- BE 1012.828.072
- Registered office
- Veldestraat 140 bus A, 9850 Deinze
- Names & denominations
- MM Develop II
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 August 2024
- Peppol
- Active · Active since 25 Aug 2025
- Activities · NACE
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