MFT GASPAR
ActiveMFT GASPAR has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €229k and a net result of €3k. Equity is growing by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 61% of 18120 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability68▲+2
Solvency73▲+8
Growth67▼-2
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 4.92 against 4.04 in 2024; short-term debt: 10.1% and cash: 27.5% of total assets), but 52.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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
Sector 47
higher
← 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
47.6%
Return on assets
0.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-06-2026, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 d early
2024
43 d early
2023
34 d early
2022
40 d early
2021
38 d early
2020
32 d early
2019
3 d early
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€383k▼ 7.8%
2024 · €416k
2018: €298k
2019: €330k
2020: €266k
2021: €372k
2022: €398k
2023: €354k
2024: €416k
2018 → 2025
EBIT margin
2.4%▲ 0.5pp
2024 · 1.8%
2018: 1.6%
2019: -0.1%
2020: 2.6%
2021: 7.9%
2022: 11.2%
2023: -1.8%
2024: 1.8%
2018 → 2025
Net result
€3k▲ 32.2%
2024 · €3k
2018: €2k
2019: €-8k
2020: €1k
2021: €24k
2022: €33k
2023: €-10k
2024: €3k
2018 → 2025
Working capital
€191k▼ 11.5%
2024 · €215k
2018: €123k
2019: €44k
2020: €-12k
2021: €213k
2022: €254k
2023: €205k
2024: €215k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€372k-€398k▲ 6.8%€354k▼ 11.0%€416k▲ 17.4%€383k▼ 7.8%
Equity€200k-€233k▲ 16.6%€223k▼ 4.2%€225k▲ 1.2%€229k▲ 1.5%
Operating result€29k-€45k▲ 52.0%€-6k€8k€9k▲ 18.0%
Net result€24k-€33k▲ 35.4%€-10k€3k€3k▲ 32.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 18% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €481k
Fixed assets
€242k▼ 12.1%
Current assets
€239k▼ 16.4%
Equity and liabilities €481k
Equity
€229k▲ 1.5%
Debt
€252k▼ 24.9%
The debt ratio falls from 59.8% to 52.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€43k▲
2024 · €42k
Cash flow
€37k▼
2024 · €37k
Solvency
47.6%▲
2024 · 40.2%
Current ratio
4.92▲
2024 · 4.04
Quick ratio
3.73▲
2024 · 2.64
Debt / equity
1.10▼
2024 · 1.49
ROE
1.5%▲
2024 · 1.2%
ROA
0.7%▲
2024 · 0.5%
Interest coverage
8.68▲
2024 · 8.25
Debt
€252k▼
2024 · €336k
Debt ≤ 1 year
€49k▼
2024 · €71k
Debt > 1 year
€204k▼
2024 · €265k
Income taxes
€1k▲
2024 · €248
Staff costs
€17k▼
2024 · €29k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€561k€481k▼
Fixed assets21/28€275k€242k▼
Tangible fixed assets22/27€275k€242k▼
Plant, machinery and equipment23€242k€217k▼
Furniture and vehicles24€3k€2k▼
Leasing and similar rights25€30k€23k▼
Current assets29/58€286k€239k▼
Stocks and contracts in progress3€99k€58k▼
Stocks30/36€99k€58k▼
Amounts receivable within one year40/41€30k€47k▲
Trade receivables40€21k€39k▲
Other amounts receivable41€9k€8k▼
Cash at bank and in hand54/58€150k€132k▼
Deferred charges and accrued income490/1€7k€2k▼
Equity and liabilities
Total equity and liabilities10/49€561k€481k▼
Equity10/15€225k€229k▲
Contributions10/11€104k€104k=
Reserves13€45k€48k▲
Distributable reserves133€45k€48k▲
Profit (loss) carried forward14€77k€77k=
Amounts payable17/49€336k€252k▼
Amounts payable after more than one year17€265k€204k▼
Financial debts170/4€120k€102k▼
Other amounts payable178/9€145k€101k▼
Amounts payable within one year42/48€71k€49k▼
Current portion of amounts payable after more than one year42€17k€18k▲
Trade debts44€6k€15k▲
Suppliers440/4€6k€15k▲
Taxes, remuneration and social security45€8k€6k▼
Taxes450/3€2k€2k▼
Remuneration and social security454/9€5k€4k▼
Other amounts payable47/48€40k€10k▼
Income statement
Code20242025
Turnover70€416k€383k▼
Goods, raw materials, services and sundry goods60/61€348k€327k▼
Remuneration, social security and pensions62€29k€17k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€34k▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€73k€61k▼
Operating profit (loss)9901€8k€9k▲
Financial income75/76B€347€516▲
Recurring financial income75€347€516▲
Financial charges65/66B€5k€5k▼
Recurring financial charges65€5k€5k▼
Profit (loss) for the period before taxes9903€3k€5k▲
Income taxes67/77€248€1k▲
Profit (loss) for the period9904€3k€3k▲
Profit (loss) for the period to be appropriated9905€3k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€77k€80k▲
Profit (loss) brought forward from the previous period14P€74k€77k▲
Transfer to equity691/2-€3k
To other reserves6921-€3k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-10k ▼130%
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €33k ▲35.4%
Operating result €45k, net result €33k, both a record.
31-12
Financial
Equity above €200kEq €233k ▲16.6%
3 profitable years in a row build equity to €233k.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity quadruplescurrent ratio 4.11
Current ratio from 0.95 to 4.11; short-term debt falls from €233k to €68k.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Stavelot · 1 establishment unit since 1962
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Avenue du Doyard 1A4970 StavelotGround area
2,476 m²
Building footprint
859 m²
Volume, LiDAR
7,736 m³
2 parcels, Wallonia · tallest building 13.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Avenue du Doyard 1 A, 4970 Stavelot
since 19622.038.132.524
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63073B1968/00D000 | Wallonia | 2,058 m² | 1 · 714 m² | 13.8 m · 3 fl. |
| 63073B2018/00X000 | Wallonia | 418 m² | 1 · 144 m² | 11.2 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteStavelot2.038.132.524
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Meise · Eq €227k
Of 2,610 companies in sector 47551 we hold annual accounts for 1,718. 1,327 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL
47551Retail sale of household furniture
47591Retail trade
52441
31004Manufacture of dining room, living room, bedroom and bathroom furniture
36141
43320Joinery installation
45421
56101Full-service restaurants
56111Full-service restaurants
56210Event catering
93031
96301Funeral services
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.