M-LP

Active

Private limited companyfounded 20197 yrs activeHamoirlaan 14c, 1180 Ukkel, BelgiumKBO/BCE: BE 0732.751.163

The computed 12-month bankruptcy probability of M-LP is 6.4% (elevated). The 2024 annual accounts show negative equity (€-83k) and a net result of €-9k. Equity is shrinking by ~16% per year across the filed fiscal years. The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

25 / 100

Weak▼ -8 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability57▼-5

Solvency33=

Growth58=

Stability100

Bankruptcy probability, 12 months

6.4% Elevated

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.01 against 0.02 in 2023), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

+raises risk○neutral

No NACE activity registered

No NACE activity is registered in the KBO, which is more common among companies that later fail.

KBO · activities

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

-7.4%

Return on assets

-0.8%

Age of the figures

20 mo

Negative equity

Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).

NBB · annual accounts 2024

Equity per financial year

2021222324

2020 to 2024 · latest year -€83k

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

not confirmed

2024

35 d early

2023

41 d early

2022

40 d early

2021

41 d early

2020

40 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€-83k▼ 12.9%

2023 · €-73k

2020: €-41k 2021: €-53k 2022: €-64k 2023: €-73k

2020 → 2024

Total assets

€1.12M▼ 3.8%

2023 · €1.17M

2020: €1.25M 2021: €1.22M 2022: €1.19M 2023: €1.17M

2020 → 2024

Net result

€-9k▼ 3.6%

2023 · €-9k

2020: €-41k 2021: €-13k 2022: €-11k 2023: €-9k

2020 → 2024

Working capital

€-1.20M▲ 1.6%

2023 · €-1.22M

2020: €-1.28M 2021: €-1.26M 2022: €-1.24M 2023: €-1.22M

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€-41k-€-53k▼ 31.8%€-64k▼ 20.5%€-73k▼ 14.2%€-83k▼ 12.9%

Operating result€-40k-€-12k▲ 69.0%€-10k▲ 15.7%€-9k▲ 17.0%€-9k▼ 3.8%

Net result€-41k-€-13k▲ 68.3%€-11k▲ 15.1%€-9k▲ 16.3%€-9k▼ 3.6%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €9k in 2024 against €9k in 2023; the loss grows.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.12M

99.4%

Fixed assets €1.12M▼ 2.7%

Current assets €7k▼ 66.4%

Key figures and ratios

2024 value · change against 2023

EBITDA

€22k▼

2023 · €22k

Cash flow

€21k▼

2023 · €22k

Solvency

-7.4%▼

2023 · -6.3%

Current ratio

0.01▼

2023 · 0.02

Quick ratio

0.01▼

2023 · 0.02

Debt / equity

-14.53▲

2023 · -16.87

ROE

11.4%▼

2023 · 12.4%

ROA

-0.8%▼

2023 · -0.8%

Interest coverage

43.69▼

2023 · 44.36

Debt

€1.21M▼

2023 · €1.24M

Debt ≤ 1 year

€1.21M▼

2023 · €1.24M

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€1.17M€1.12M▼

Fixed assets21/28€1.15M€1.12M▼

Tangible fixed assets22/27€1.15M€1.12M▼

Land and buildings22€1.15M€1.12M▼

Current assets29/58€20k€7k▼

Cash at bank and in hand54/58€20k€7k▼

Equity and liabilities

Total equity and liabilities10/49€1.17M€1.12M▼

Equity10/15€-73k€-83k▼

Contributions10/11€100€100=

Profit (loss) carried forward14€-74k€-83k▼

Amounts payable17/49€1.24M€1.21M▼

Amounts payable within one year42/48€1.24M€1.21M▼

Trade debts44-€0

Suppliers440/4-€0

Other amounts payable47/48€1.24M€1.21M▼

Accrued charges and deferred income492/3€1k€0▼

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€31k=

Other operating charges640/8€5k€6k▲

Gross operating margin9900€28k€28k▼

Operating profit (loss)9901€-9k€-9k▼

Financial charges65/66B€500€500=

Recurring financial charges65€500€500=

Profit (loss) for the period before taxes9903€-9k€-9k▼

Profit (loss) for the period9904€-9k€-9k▼

Profit (loss) for the period to be appropriated9905€-9k€-9k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-74k€-83k▼

Profit (loss) brought forward from the previous period14P€-64k€-74k▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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