MCPA
ActiveSummary
MCPA has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €141k and a net result of €18k. Equity is growing by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 17% of 37953 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability71=
Solvency40▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity short (current ratio 0.24 against 0.38 in 2023; short-term debt: 34.6% and cash: 2.4% of total assets), and 85.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 37953 sector peers (2024).
NBB · sector comparisonPosition among 37953 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
29 d late
2022
71 d late
2021
15 d late
2020
24 d late
2019
88 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€141k▲ 14.9%
2023 · €123k
Total assets
€952k▲ 9.0%
2023 · €873k
Net result
€18k▲ 37.7%
2023 · €13k
Working capital
€-252k▼ 96.4%
2023 · €-128k
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
Line20202021202220232024
Operating result€-36k€51k€22k▼ 56.6%€30k▲ 36.2%€33k▲ 9.6%
Net result€-53k€19k€12k▼ 38.1%€13k▲ 13.8%€18k▲ 37.7%
Equity€79k▼ 40.2%€98k▲ 23.9%€110k▲ 11.9%€123k▲ 12.1%€141k▲ 14.9%
Total assets€444k▼ 19.0%€448k▲ 0.7%€855k▲ 91.0%€873k▲ 2.2%€952k▲ 9.0%
Debt€365k▼ 12.3%€350k▼ 4.3%€745k▲ 113%€751k▲ 0.7%€810k▲ 8.0%
Working capital€-65k€-40k▲ 38.7%€-75k▼ 90.8%€-128k▼ 69.9%€-252k▼ 96.4%
Staff (FTE)1▼ 33.3%2.3▲ 130%2.4▲ 4.3%2.6▲ 8.3%3.7▲ 42.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 10% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €952k
Fixed assets
€874k ▲ 10.0%
Current assets
€77k ▼ 1.8%
Equity and liabilities €952k
Equity
€141k ▲ 14.9%
Debt
€810k ▲ 8.0%
Debt's share of the balance-sheet total falls from 85.9% to 85.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€115k▲
2023 · €104k
Cash flow
€101k▲
2023 · €87k
Current ratio
0.24▼
2023 · 0.38
Debt to equity
5.74▼
2023 · 6.10
ROE
13.0%▲
2023 · 10.8%
ROA
1.9%▲
2023 · 1.5%
Interest coverage
8.03▲
2023 · 6.70
Debt ≤ 1 year
€329k▲
2023 · €207k
Debt > 1 year
€481k▼
2023 · €543k
Income taxes
€2k▲
2023 · €1k
Staff costs
€45k▲
2023 · €23k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €12k | €11k | €23k | €45k | ▲ 93.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €53k | €54k | €67k | €74k | €82k | ▲ 11.3% |
| Other operating charges640/8 | - | €10k | €51k | €15k | €12k | ▼ 21.7% |
| Gross operating margin9900 | €45k | €128k | €151k | €142k | €172k | ▲ 21.1% |
| Operating profit (loss)9901 | €-36k | €51k | €22k | €30k | €33k | ▲ 9.6% |
| Financial income75/76B | - | €68 | €0 | €64 | €2k | ▲ 2,265% |
| Recurring financial income75 | €352 | €68 | €0 | €64 | €2k | ▲ 2,265% |
| Financial charges65/66B | - | €30k | €9k | €16k | €14k | ▼ 7.6% |
| Recurring financial charges65 | €15k | €30k | €9k | €16k | €14k | ▼ 7.6% |
| Profit (loss) for the period before taxes9903 | €-51k | €21k | €13k | €15k | €20k | ▲ 37.7% |
| Income taxes67/77 | €2k | €2k | €1k | €1k | €2k | ▲ 37.7% |
| Profit (loss) for the period9904 | €-53k | €19k | €12k | €13k | €18k | ▲ 37.7% |
| Profit (loss) for the period to be appropriated9905 | €-53k | €19k | €12k | €13k | €18k | ▲ 37.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €444k | €448k | €855k | €873k | €952k | ▲ 9.0% |
| Fixed assets21/28 | €398k | €355k | €792k | €795k | €874k | ▲ 10.0% |
| Tangible fixed assets22/27 | €397k | €355k | €792k | €794k | €874k | ▲ 10.0% |
| Land and buildings22 | - | €343k | €748k | €761k | €836k | ▲ 9.8% |
| Plant, machinery and equipment23 | - | €8k | €5k | €3k | €10k | ▲ 261% |
| Furniture and vehicles24 | - | €3k | €39k | €30k | €28k | ▼ 7.1% |
| Financial fixed assets28 | €184 | €184 | €184 | €184 | €184 | = |
| Current assets29/58 | €47k | €93k | €62k | €79k | €77k | ▼ 1.8% |
| Amounts receivable within one year40/41 | €23k | €59k | €36k | €48k | €47k | ▼ 3.3% |
| Trade receivables40 | - | €43k | €15k | €11k | €1k | ▼ 87.0% |
| Other amounts receivable41 | - | €16k | €21k | €37k | €45k | ▲ 22.7% |
| Cash at bank and in hand54/58 | €24k | €28k | €20k | €22k | €23k | ▲ 1.0% |
| Deferred charges and accrued income490/1 | - | €6k | €7k | €8k | €8k | ▼ 0.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €444k | €448k | €855k | €873k | €952k | ▲ 9.0% |
| Equity10/15 | €79k | €98k | €110k | €123k | €141k | ▲ 14.9% |
| Contributions10/11 | €25k | €25k | €25k | €25k | €25k | = |
| Reserves13 | €36k | €55k | €67k | €80k | €99k | ▲ 22.8% |
| Non-distributable reserves130/1 | - | €3k | €3k | €3k | €3k | = |
| Reserves not available under the articles1311 | - | €3k | €3k | €3k | €3k | = |
| Distributable reserves133 | - | €53k | €65k | €78k | €96k | ▲ 23.5% |
| Profit (loss) carried forward14 | €18k | €18k | €18k | €18k | €18k | = |
| Amounts payable17/49 | €365k | €350k | €745k | €751k | €810k | ▲ 8.0% |
| Amounts payable after more than one year17 | €252k | €217k | €607k | €543k | €481k | ▼ 11.5% |
| Financial debts170/4 | - | €217k | €607k | €543k | €481k | ▼ 11.5% |
| Amounts payable within one year42/48 | €111k | €132k | €138k | €207k | €329k | ▲ 59.0% |
| Current portion of amounts payable after more than one year42 | - | €57k | €82k | €67k | €65k | ▼ 3.6% |
| Trade debts44 | €40k | €52k | €45k | €91k | €48k | ▼ 47.3% |
| Suppliers440/4 | - | €52k | €45k | €91k | €48k | ▼ 47.3% |
| Advances received on contracts in progress46 | - | €8k | - | - | - | - |
| Taxes, remuneration and social security45 | - | €4k | €3k | €6k | €15k | ▲ 157% |
| Taxes450/3 | - | €3k | €1k | €1k | €2k | ▲ 33.9% |
| Remuneration and social security454/9 | - | €920 | €1k | €4k | €13k | ▲ 197% |
| Other amounts payable47/48 | - | €12k | €8k | €43k | €202k | ▲ 373% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-53k | €19k | €12k | €13k | €18k | ▲ 37.7% |
| + Depreciation and write-downs630 | €53k | €54k | €67k | €74k | €82k | ▲ 11.3% |
| Operating cash flow (approximation) | €-77 | €73k | €79k | €87k | €101k | ▲ 15.4% |
| Investment in fixed assets (approximation) | - | €-11k | €-504k | €-76k | €-162k | ▼ 112% |
| Change in cash | - | €4k | €-8k | €3k | €227 | ▼ 91.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 71 days late
2022
31-12
Financial
Equity above €100kEq €110k ▲11.9%
2 profitable years in a row build equity to €110k.
15-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 15 days late
2021
31-12
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
31-12
Financial
Weakest financial yearnet €-53k
Net result drops to €-53k, the lowest in the series; recovery starts the following year.
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
2019
31-12
Financial
Highest result since 2018net €21k ▲66.3%
Net result €21k, the highest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
2016
18-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 79 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Houffalize · 1 establishment unit since 2003
Ground area
2,278 m²
Building footprint
538 m²
Parcel 82019E0794/00D000, Wallonia. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
MCPA
since 20032.133.986.241
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 82019E0794/00D000 | Wallonia | 2,278 m² | 1 · 538 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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EVEVE
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 40,882 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
Founded22-10-2003
Fiscal year end31-12
Activities, NACEBEL 2025
55203Holiday cottages, homes and apartments
70200Business and other management consultancy
81100Combined facilities support activities
Scores and ratios are computed by Checked and are not a credit decision.