M-POWER
ActiveSummary
M-POWER has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9,907 and a net result of €301. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 25% of 18537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-12
Solvency30▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
4.8%
Return on assets
0.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
26 d late
2024
27 d late
2023
26 d late
2022
9 d late
2021
16 d late
2020
20 d late
2019
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 22 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€9,907▲ 3.1%
2024 · €9,607
Total assets
€206,341▼ 5.9%
2024 · €219,299
Net result
€301▼ 98.6%
2024 · €21,823
Working capital
-€154,593▲ 13.0%
2024 · -€177,718
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€29,251▲ 175%€1,399▼ 95.2%-€31,773€22,997€906▼ 96.1%
Net result€18,082▲ 17.0%-€6-€32,752▼ 545,767%€21,823€301▼ 98.6%
Equity€20,542▲ 735%€20,536=-€12,216€9,607€9,907▲ 3.1%
Total assets€332,597▲ 3.9%€267,008▼ 19.7%€232,185▼ 13.0%€219,299▼ 5.5%€206,341▼ 5.9%
Debt€312,055▼ 1.8%€246,472▼ 21.0%€244,401▼ 0.8%€209,692▼ 14.2%€196,434▼ 6.3%
Working capital-€23,271-€454▲ 98.0%-€12,181▼ 2,583%-€177,718▼ 1,359%-€154,593▲ 13.0%
Staff (FTE)
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 96% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €206,341
Fixed assets
€164,500 ▼ 12.2%
Current assets
€41,841 ▲ 30.9%
Equity and liabilities €206,341
Equity
€9,907 ▲ 3.1%
Debt
€196,434 ▼ 6.3%
Debt's share of the balance-sheet total falls from 95.6% to 95.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€23,731▼
2024 · €44,637
Cash flow
€23,126▼
2024 · €43,463
Current ratio
0.21▲
2024 · 0.15
Quick ratio
0.08▲
2024 · 0.02
Debt to equity
19.83▼
2024 · 21.83
ROE
3.0%▼
2024 · 227.2%
ROA
0.1%▼
2024 · 10.0%
Interest coverage
39.22▲
2024 · 38.02
Debt ≤ 1 year
€196,434▼
2024 · €209,692
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,248 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit under 5% of the balance sheet
2.4%
went bankrupt
2.6%
stopped otherwise
94%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,248 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €35,381 | €32,269 | €26,991 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,342 | €22,822 | €21,025 | €21,640 | €22,825 | ▲ 5.5% |
| Other operating charges640/8 | €760 | €1,095 | €968 | €986 | €1,300 | ▲ 31.8% |
| Gross operating margin9900 | €89,734 | €57,585 | €17,211 | €45,623 | €25,031 | ▼ 45.1% |
| Operating profit (loss)9901 | €29,251 | €1,399 | -€31,773 | €22,997 | €906 | ▼ 96.1% |
| Financial charges65/66B | €9,423 | €1,002 | €979 | €1,174 | €605 | ▼ 48.5% |
| Recurring financial charges65 | €9,096 | €1,002 | €979 | €1,174 | €605 | ▼ 48.5% |
| Non-recurring financial charges66B | €327 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €19,828 | €397 | -€32,752 | €21,823 | €301 | ▼ 98.6% |
| Income taxes67/77 | €1,746 | €403 | - | - | - | - |
| Profit (loss) for the period9904 | €18,082 | -€6 | -€32,752 | €21,823 | €301 | ▼ 98.6% |
| Profit (loss) for the period to be appropriated9905 | €18,082 | -€6 | -€32,752 | €21,823 | €301 | ▼ 98.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €332,597 | €267,008 | €232,185 | €219,299 | €206,341 | ▼ 5.9% |
| Fixed assets21/28 | €243,813 | €220,990 | €199,965 | €187,325 | €164,500 | ▼ 12.2% |
| Tangible fixed assets22/27 | €243,413 | €220,590 | €199,565 | €186,925 | €164,100 | ▼ 12.2% |
| Plant, machinery and equipment23 | €132,867 | €118,818 | €105,466 | €92,115 | €78,763 | ▼ 14.5% |
| Furniture and vehicles24 | €1,100 | - | - | €8,385 | €6,585 | ▼ 21.5% |
| Other tangible fixed assets26 | €109,446 | €101,772 | €94,099 | €86,425 | €78,752 | ▼ 8.9% |
| Financial fixed assets28 | €400 | €400 | €400 | €400 | €400 | = |
| Current assets29/58 | €88,784 | €46,018 | €32,220 | €31,974 | €41,841 | ▲ 30.9% |
| Stocks and contracts in progress3 | €22,462 | €29,628 | €23,360 | €27,482 | €26,022 | ▼ 5.3% |
| Stocks30/36 | €22,462 | €29,628 | €23,360 | €27,482 | €26,022 | ▼ 5.3% |
| Amounts receivable within one year40/41 | €25,789 | - | - | €436 | €7,729 | ▲ 1,673% |
| Trade receivables40 | €25,789 | - | - | - | €6,002 | - |
| Other amounts receivable41 | - | - | - | €436 | €1,727 | ▲ 296% |
| Cash at bank and in hand54/58 | €40,533 | €16,390 | €8,860 | €4,056 | €8,090 | ▲ 99.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €332,597 | €267,008 | €232,185 | €219,299 | €206,341 | ▼ 5.9% |
| Equity10/15 | €20,542 | €20,536 | -€12,216 | €9,607 | €9,907 | ▲ 3.1% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | €14,342 | €14,336 | -€18,416 | €3,407 | €3,707 | ▲ 8.8% |
| Amounts payable17/49 | €312,055 | €246,472 | €244,401 | €209,692 | €196,434 | ▼ 6.3% |
| Amounts payable after more than one year17 | €200,000 | €200,000 | €200,000 | - | - | - |
| Financial debts170/4 | €200,000 | €200,000 | €200,000 | - | - | - |
| Amounts payable within one year42/48 | €112,055 | €46,472 | €44,401 | €209,692 | €196,434 | ▼ 6.3% |
| Trade debts44 | €29,846 | €9,516 | €7,391 | €7,437 | - | - |
| Suppliers440/4 | €29,846 | €9,516 | €7,391 | €7,437 | - | - |
| Taxes, remuneration and social security45 | €15,064 | €10,146 | €1,636 | €330 | - | - |
| Taxes450/3 | €8,154 | €2,947 | €1,636 | €330 | - | - |
| Remuneration and social security454/9 | €6,910 | €7,199 | - | - | - | - |
| Other amounts payable47/48 | €67,145 | €26,810 | €35,374 | €201,925 | €196,434 | ▼ 2.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,082 | -€6 | -€32,752 | €21,823 | €301 | ▼ 98.6% |
| + Depreciation and write-downs630 | €24,342 | €22,822 | €21,025 | €21,640 | €22,825 | ▲ 5.5% |
| Operating cash flow (approximation) | €42,424 | €22,816 | -€11,727 | €43,463 | €23,126 | ▼ 46.8% |
| Investment in fixed assets (approximation) | - | €1 | €0 | -€9,000 | €0 | ▲ 100% |
| Change in cash | - | -€24,143 | -€7,530 | -€4,804 | €4,034 | ▲ 184% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Back to profitnet €21,823
Net result €21,823 after 2 loss-making years.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Weakest financial yearnet -€32,752
Net result drops to -€32,752, the lowest in the series; recovery starts the following year.
09-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 9 days late
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
31-12
Financial
Back to profitnet €15,449
Net result €15,449 after 2 loss-making years.
31-12
Financial
Liquidity times 6current ratio 2.07
Current ratio from 0.32 to 2.07; short-term debt falls from €154,129 to €25,751.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Bertem · 1 establishment unit since 2017
Ground area
2,865 m²
Building footprint
968 m²
Volume, LiDAR
392 m³
2 parcels, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ML-POWER
since 20172.263.267.148
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24061C0106/00K000 | Flanders | 1,978 m² | 1 · 548 m² | 7.2 m · 2 fl. |
| 24061D0149/00K000 | Flanders | 887 m² | 1 · 419 m² | 9.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
DP FUEL
BE 0715.528.814
Dilbeek · Eq €9,875
DUBOIS VUTERA
BE 0433.047.986
Incourt · Eq €9,852
RIVER STONE
BE 0874.379.576
Morlanwelz · Eq €9,998
BRACKMAN ATH
BE 0797.534.097
Péruwelz · Eq €10,001
DNR COMPANY
BE 0764.520.148
Oudergem · Eq €10,135
Of 1,265 companies in sector 47300 we hold annual accounts for 950. 395 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-10-2016
Fiscal year end31-12
Activities, NACEBEL 2025
47300Retail sale of automotive fuel
47110Non-specialised retail sale with food, beverages or tobacco predominating
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0664998445
Also
9925:BE0664998445
Registered
02-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.