MBPC
ActiveSummary
MBPC has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €141,763 and a net result of -€10,985. Equity is shrinking by about 5.9% per year across the filed financial years. Its solvency ranks better than 60% of 17,042 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Equity
- €141,763
- Loss
- -€10,985
- Holdings
- 1
- DE BISSCHOP Benoît Antoine Michel MarieManager
- GLINEUR Jeanne Marie Jacqueline Frédérique GhislaineDirector
Why 88raises riskLiquidity: current ratio 0.31, cash €22,813lowers riskSize: total assets €339,183Sector: Real estate activities (NACE 68)Figures for financial year 2025 (filed 26-08-2026)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro): better than 58% on solvency, 47% on liquidity, 31% on profitability and 31% on growth.
The bankruptcy probability was computed on 25-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 33 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (26 days) Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00449321.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2025: a loss of €8,307 after €778 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 3,441 companies that looked in July 2024 the way this one looks now, 2.3% went bankrupt within 24 months and 89.9% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a small loss
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 3,441 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,201 | €12,082 | €12,082 | €12,082 | €10,344 | €10,507 | €10,880 | €15,163 | ▲ 39.4% |
| Other operating charges640/8 | - | - | - | €3,412 | €4,115 | €6,694 | €5,275 | €5,429 | ▲ 2.9% |
| Non-recurring operating charges66A | - | - | - | €1,099 | - | - | - | - | - |
| Gross operating margin9900 | €7,095 | €10,534 | €9,533 | €9,882 | €4,090 | €4,479 | €16,932 | €12,285 | ▼ 27.4% |
| Operating profit (loss)9901 | -€7,770 | -€4,182 | -€10,512 | -€6,711 | -€10,370 | -€12,722 | €778 | -€8,307 | - |
| Financial income75/76B | - | - | - | - | €21 | - | €4 | - | - |
| Recurring financial income75 | €1,723 | - | - | - | €21 | - | €4 | - | - |
| Financial charges65/66B | - | - | - | €2,415 | €2,423 | €36,507 | €2,678 | €2,678 | = |
| Recurring financial charges65 | €2,414 | €2,415 | €2,415 | €2,415 | €2,423 | €3,138 | €2,678 | €2,678 | = |
| Non-recurring financial charges66B | - | - | - | - | - | €33,368 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€8,461 | -€6,597 | -€12,927 | -€9,126 | -€12,772 | -€49,228 | -€1,896 | -€10,985 | ▼ 480% |
| Profit (loss) for the period9904 | -€8,461 | -€6,597 | -€12,927 | -€9,126 | -€12,772 | -€49,228 | -€1,896 | -€10,985 | ▼ 480% |
| Profit (loss) for the period to be appropriated9905 | -€8,461 | -€6,597 | -€12,927 | -€9,126 | -€12,772 | -€49,228 | -€1,896 | -€10,985 | ▼ 480% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €299,512 | €294,275 | €284,573 | €276,925 | €267,322 | €285,366 | €284,299 | €339,183 | ▲ 19.3% |
| Formation expenses20 | €3,297 | €2,198 | €1,099 | - | - | - | - | - | - |
| Fixed assets21/28 | €245,409 | €235,033 | €222,951 | €229,987 | €223,675 | €236,707 | €245,602 | €313,660 | ▲ 27.7% |
| Tangible fixed assets22/27 | €245,409 | €235,033 | €222,951 | €210,870 | €204,558 | €236,707 | €245,602 | €313,660 | ▲ 27.7% |
| Land and buildings22 | - | - | - | €210,870 | €200,586 | €224,447 | €215,543 | €206,639 | ▼ 4.1% |
| Plant, machinery and equipment23 | - | - | - | - | €3,971 | €12,260 | €28,850 | €104,834 | ▲ 263% |
| Furniture and vehicles24 | - | - | - | - | - | - | €1,209 | €2,187 | ▲ 80.9% |
| Financial fixed assets28 | - | - | - | €19,118 | €19,118 | - | - | - | - |
| Current assets29/58 | €50,806 | €57,044 | €60,523 | €46,938 | €43,646 | €48,659 | €38,697 | €25,522 | ▼ 34.0% |
| Amounts receivable within one year40/41 | - | - | - | - | €642 | €16,525 | €2,099 | €195 | ▼ 90.7% |
| Trade receivables40 | - | - | - | - | - | €380 | €679 | - | - |
| Other amounts receivable41 | - | - | - | - | €642 | €16,145 | €1,420 | €195 | ▼ 86.3% |
| Cash at bank and in hand54/58 | €49,515 | €55,705 | €59,040 | €45,400 | €40,771 | €29,695 | €34,174 | €22,813 | ▼ 33.2% |
| Deferred charges and accrued income490/1 | - | - | - | €1,537 | €2,232 | €2,440 | €2,424 | €2,515 | ▲ 3.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €299,512 | €294,275 | €284,573 | €276,925 | €267,322 | €285,366 | €284,299 | €339,183 | ▲ 19.3% |
| Equity10/15 | €211,934 | €205,337 | €192,409 | €183,284 | €170,512 | €154,643 | €152,748 | €141,763 | ▼ 7.2% |
| Contributions10/11 | €212,911 | €212,911 | - | €212,911 | €212,911 | €238,038 | €238,038 | €238,038 | = |
| Reserves13 | €2,294 | €2,294 | €2,294 | €2,294 | €2,294 | €10,527 | €10,527 | €10,527 | = |
| Non-distributable reserves130/1 | - | - | - | €2,033 | €2,033 | €8,553 | €8,553 | €8,553 | = |
| Reserves not available under the articles1311 | - | - | - | €1,982 | €1,982 | - | - | - | - |
| Other1319 | - | - | - | €51 | €51 | €8,553 | €8,553 | €8,553 | = |
| Distributable reserves133 | - | - | - | €261 | €261 | €1,973 | €1,973 | €1,973 | = |
| Profit (loss) carried forward14 | -€3,271 | -€9,868 | -€22,796 | -€31,921 | -€44,693 | -€93,922 | -€95,817 | -€106,802 | ▼ 11.5% |
| Amounts payable17/49 | €87,578 | €88,938 | €92,164 | €93,642 | €96,810 | €130,723 | €131,551 | €197,420 | ▲ 50.1% |
| Amounts payable after more than one year17 | €59,475 | €59,475 | €59,475 | €59,475 | €59,475 | €65,594 | €65,594 | €65,594 | = |
| Financial debts170/4 | - | - | - | €59,475 | €59,475 | €65,594 | €65,594 | €65,594 | = |
| Amounts payable within one year42/48 | €4,023 | €3,002 | €3,849 | €2,948 | €3,774 | €21,325 | €19,530 | €81,595 | ▲ 318% |
| Trade debts44 | €1,076 | €54 | €902 | - | - | €99 | €1,133 | €913 | ▼ 19.4% |
| Suppliers440/4 | - | - | - | - | - | €99 | €1,133 | €913 | ▼ 19.4% |
| Advances received on contracts in progress46 | - | - | - | - | - | €500 | - | €500 | - |
| Other amounts payable47/48 | - | - | - | €2,948 | €3,774 | €20,726 | €18,397 | €80,182 | ▲ 336% |
| Accrued charges and deferred income492/3 | - | - | - | €31,219 | €33,562 | €43,804 | €46,428 | €50,232 | ▲ 8.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,461 | -€6,597 | -€12,927 | -€9,126 | -€12,772 | -€49,228 | -€1,896 | -€10,985 | ▼ 480% |
| + Depreciation and write-downs630 | €12,201 | €12,082 | €12,082 | €12,082 | €10,344 | €10,507 | €10,880 | €15,163 | ▲ 39.4% |
| Operating cash flow (approximation) | €3,740 | €5,485 | -€846 | €2,956 | -€2,428 | -€38,721 | €8,984 | €4,178 | ▼ 53.5% |
| Investment in fixed assets (approximation) | - | -€1,706 | €0 | -€19,118 | -€4,032 | -€23,538 | -€19,774 | -€83,222 | ▼ 321% |
| Change in cash | - | €6,190 | €3,335 | -€13,639 | -€4,629 | -€11,077 | €4,479 | -€11,361 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 26-08-2026 | 2026-00449321 |
| 31-12-2024 | micro format | 25-08-2025 | 2025-00406475 |
| 31-12-2023 | micro format | 28-08-2024 | 2024-00436743 |
| 31-12-2022 | micro format | 29-08-2023 | 2023-00405356 |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20397970 |
| 31-12-2020 | micro format | 31-08-2021 | 2021-64200089 |
| 31-12-2019 | micro format | 30-09-2020 | 2020-58000317 |
| 31-12-2018 | micro format | 28-08-2019 | 2019-54300136 |
| 31-12-2017 | micro format | 29-08-2018 | 2018-56000123 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| DE BISSCHOP Benoît Antoine Michel Marie |
|
| GLINEUR Jeanne Marie Jacqueline Frédérique Ghislaine |
|
Owners and capital
Capital and shareholders
- Les Ebéarts 1 share
- Le Luteau 1 share
- Les Groseillons 1 share
- DU RIAU all shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 05-02-2024 Converted to unavailable equity · €212,910.81
- 05-02-2024 Capital increase · 3 new shares · in kind
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
5%
According to the 2022 annual accounts of MBPC and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
Acquisitions and mergers
2 transactionsHistory
Acts, filings and financial milestones
05-02
Gazette deed
Capital & shares · Amendment of the articles · RestructuringAppointments: GLINEUR Jeanne Marie Jacqueline Frédérique Ghislaine (statutory director) and DE BISSCHOP Benoît Antoine Michel Marie (statutory manager) · Resignation: GLINEUR Jeanne Marie Jacqueline Frédérique Ghislaine (manager) · Merger84 facts ▸
- General meeting, 26-12-2023
- Merger, “scission par absorption, article 12:59 du Code des sociétés et des associations” (deed in French)
- Other provision, “sans frais, disposition du projet” (deed in French)
- Other provision, “actionnaire unique, prise de connaissance” (deed in French)
- Other provision, “commentaire sur le projet, aucun commentaire particulier à l'exception de la création d'actions nouvelles dans les sociétés bénéficiaires attribuées aux actionn…” (deed in French)
- Other provision, “modification patrimoine, aucune modification importante du patrimoine de la société scindée ni de la société bénéficiaire n'est intervenue depuis le dépôt du pr…” (deed in French)
- Other provision, “dispense du rapport special de l organisme d administration, situation patrimoniale des sociétés appelées aux présentes opérations” (deed in French)
- Other provision, “actionnaire unique, dispense du rapport special du reviseur” (deed in French)
- Other provision, 18-12-2023
- Other provision, “assemblée, dispense de lecture du rapport” (deed in French)
- Auditor report, 21-12-2023
- Other provision, “valeur nette comptable des éléments de l'actif et du passif telle qu'elle figurait dans les comptes de la société qui se scinde” (deed in French)
- +72 further facts in this act
12-07
Gazette deed
RestructuringDemerger · Shareholding · Accounting effect17 facts ▸
- Demerger, “no new shares” (deed in French) (4 times)
- Other provision, “rapport d'échange des actions ou parts et soulte en espèces, fonds propres augmenter sans nombre d'actions modifié” (deed in French)
- Shareholding, LE LUTEAU
- Shareholding
- Shareholding, LES EBEARTS
- Shareholding, LES GROSEILLONS
- Other provision, “modalités de remise des actions ou parts des sociétés bénéficiaires, Sans objet compte tenu de ce qui précède” (deed in French)
- Other provision, “date à partir de laquelle actions ou parts donnent droit de participer aux bénéfices et modalités particulières, Sans objet compte tenu de ce qui précède” (deed in French)
- Accounting effect, 01-01-2023
- Other provision, “droits attribués par sociétés bénéficiaires aux associés ou actionnaires ayant des droits spéciaux et titulaires de titres autres que parts ou actions ou mesure…” (deed in French)
- Other provision, “émoluments attribués aux commissaires ou réviseurs d'entreprises ou experts-comptables externes pour rédaction du rapport prévu à l'article 12:62, Non applicabl…” (deed in French)
- Other provision, “avantage particulier attribué aux membres des organes d'administration des sociétés participant à la scission, Néant” (deed in French)
- +5 further facts in this act
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 2 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 26 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 53005B0162/00G000 | Wallonia | 107 m² | 1 · 91 m² | - |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Toutes opérations généralement quelconques portant sur des biens immobiliers, bâtis et non bâtis, en Belgique ou à l'étranger, y compris…” (deed in French)
9 activities (deed in French)
- Toutes opérations généralement quelconques portant sur des biens immobiliers, bâtis et non bâtis, en Belgique ou à l'étranger, y compris l'achat, la vente, la constitution de droit réel et la location-financement, toutes opérations conclues en qualité d'intermédiaire, sous quelque forme que ce soit, promotion immobilière, sous toutes ses formes, la construction, le lotissement, l'urbanisation, l'administration et la gestion de tous biens immobiliers
- La constitution et la gestion d'un patrimoine immobilier et la location-financement de biens immeubles aux tiers, l'acquisition par l'achat ou autrement, la vente, l'échange, la construction, la transformation, l'amélioration, l'équipement, l'aménagement, l'embellissement, l'entretien, la location, la prise en location, le lotissement, la prospection et l'exploitation de biens immobiliers, ainsi que toutes opérations qui, directement ou indirectement sont en relation avec cet objet et qui sont de nature à favoriser l'accroissement et le rapport d'un patrimoine immobilier, de même que se porter caution pour la bonne fin d'engagement pris par des tiers qui auraient la jouissance de ces biens immobiliers
- Affermes ou donner à bail tout ou partie de ses exploitations et installations, ou les donner à gérer à des tiers
- Exécuter tous mandats d'administrateur, et en général, tous mandats et fonctions se rapportant directement ou indirectement à son objet
- Faire toutes opérations commerciales, industrielles, financières, mobilières ou immobilières, se rapportant directement ou indirectement à son objet, même partiellement, ou de nature à en faciliter ou développer la réalisation
- S'intéresser, par voie d'apport de fusion, d'absorption, de souscription, de participation ou de toute autre manière, à toutes entreprises, associations ou sociétés belges ou étrangères ayant un objet similaire, analogue ou connexe, ou de nature à favoriser même indirectement l'objet de la société
- Conclure toutes conventions de rationalisation, de collaboration, d'association ou autres avec de telles entreprises, associations ou sociétés
- Offrir toute garantie généralement quelconque au profit de ses associés ou gérants
- Accomplir son objet social soit pour elle-même, soit pour compte de tiers
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- MBPC
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, n'entraîne pas de changement en matière de régime linguistique applicable à la société” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Daily managementWho may handle the everyday running of the business without the full board.
- The board decides whether the delegates act alone or jointly
- Board ruleHow the board is made up, meets and takes decisions.
- “Un ou plusieurs administrateurs, personnes physiques ou morales, actionnaires ou non, nommés avec ou sans limitation de durée” (deed in French)“Il peut déléguer des pouvoirs spéciaux à tout mandataire, Chaque administrateur représente la société à l'égard des tiers et en justice…” (deed in French)“Cette rémunération sera portée aux frais généraux, indépendamment des frais éventuels de représentation, voyages et déplacements…” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, registre des actions nominatives” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- 2 provisions in the deed
- Share issue ruleHow and by whom new shares can be issued.
- “Au moins quinze jours à dater de l'ouverture de la souscription, actions nouvelles à souscrire en numéraire” (deed in French)
Meetings and financial year
- Meeting accessWho may attend the meeting and what is needed to be admitted.
- One provision in the deed
Oversight and winding up
- Auditor ruleHow a statutory auditor is appointed and what they check, if the company has one.
- “Trois ans, Lorsque la loi l'exige et dans les limites qu'elle prévoit, le contrôle de la société est assuré par un ou plusieurs commissaires” (deed in French)
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Formes prévues pour les modifications aux statuts, dissolution” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed