MGPC Solutions
ActiveSummary
The computed 12-month bankruptcy probability of MGPC Solutions is 3.5% (moderate). The 2025 annual accounts show equity of €4k and a net result of €-242. Equity is shrinking by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 22% of 27965 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability34▲+10
Solvency45▼-10
Growth32=
Track record94
Bankruptcy probability, 12 months
3.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.26 against 1.47 in 2024; short-term debt: 79.6% and cash: 1.5% of total assets), and 79.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2025Solvency, return and age of the figures
Solvency
20.4%
Return on assets
-1.3%
Age of the figures
18 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 27965 sector peers (2025).
NBB · sector comparisonPosition among 27965 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
on the day
2024
5 d late
2023
16 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€4k▼ 5.8%
2024 · €4k
Total assets
€19k▲ 39.4%
2024 · €14k
Net result
€-242▲ 67.4%
2024 · €-742
Working capital
€4k▼ 11.2%
2024 · €4k
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
Line202320242025
Operating result€3k-€-680€-174▲ 74.4%
Net result€2k-€-742€-242▲ 67.4%
Equity€5k-€4k▼ 15.0%€4k▼ 5.8%
Total assets€8k-€14k▲ 63.9%€19k▲ 39.4%
Debt€4k-€10k▲ 174%€15k▲ 58.9%
Working capital€6k-€4k▼ 28.0%€4k▼ 11.2%
Staff (FTE)0.21▲ 400%
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 €174 in 2025 against €680 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €19k
Equity
€4k ▼ 5.8%
Debt
€15k ▲ 58.9%
Debt's share of the balance-sheet total rises from 69.8% to 79.6%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.26▼
2024 · 1.47
Debt to equity
3.90▲
2024 · 2.31
ROE
-6.1%▲
2024 · -17.7%
ROA
-1.3%▲
2024 · -5.3%
Debt ≤ 1 year
€15k▲
2024 · €9k
Income taxes
€-1
Staff costs
€9k▲
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €2k | €9k | ▲ 395% |
| Other operating charges640/8 | - | - | €412 | - |
| Gross operating margin9900 | €3k | €1k | €9k | ▲ 735% |
| Operating profit (loss)9901 | €3k | €-680 | €-174 | ▲ 74.4% |
| Financial income75/76B | €20 | - | - | - |
| Recurring financial income75 | €20 | - | - | - |
| Financial charges65/66B | €97 | €63 | €69 | ▲ 10.3% |
| Recurring financial charges65 | €97 | €63 | €69 | ▲ 10.3% |
| Profit (loss) for the period before taxes9903 | €3k | €-742 | €-243 | ▲ 67.3% |
| Income taxes67/77 | €728 | - | €-1 | - |
| Profit (loss) for the period9904 | €2k | €-742 | €-242 | ▲ 67.4% |
| Profit (loss) for the period to be appropriated9905 | €2k | €-742 | €-242 | ▲ 67.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €8k | €14k | €19k | ▲ 39.4% |
| Current assets29/58 | €8k | €14k | €19k | ▲ 39.4% |
| Amounts receivable after more than one year29 | €7k | €7k | €2k | ▼ 67.6% |
| Trade receivables290 | - | €7k | €2k | ▼ 67.6% |
| Other amounts receivable291 | €7k | - | - | - |
| Amounts receivable within one year40/41 | €88 | €4k | €16k | ▲ 316% |
| Trade receivables40 | - | €4k | €16k | ▲ 317% |
| Other amounts receivable41 | €88 | €19 | €38 | ▲ 97.6% |
| Cash at bank and in hand54/58 | €1k | €2k | €295 | ▼ 84.3% |
| Deferred charges and accrued income490/1 | €600 | €1k | €1k | ▼ 23.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €8k | €14k | €19k | ▲ 39.4% |
| Equity10/15 | €5k | €4k | €4k | ▼ 5.8% |
| Contributions10/11 | €3k | €3k | €3k | = |
| Reserves13 | €2k | €2k | €2k | = |
| Distributable reserves133 | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | - | €-742 | €-985 | ▼ 32.6% |
| Amounts payable17/49 | €4k | €10k | €15k | ▲ 58.9% |
| Amounts payable within one year42/48 | €2k | €9k | €15k | ▲ 63.3% |
| Trade debts44 | €2k | €7k | €10k | ▲ 51.7% |
| Suppliers440/4 | €2k | €7k | €10k | ▲ 51.7% |
| Taxes, remuneration and social security45 | €728 | €1k | €1k | ▼ 14.4% |
| Taxes450/3 | €728 | €1k | €320 | ▼ 71.6% |
| Remuneration and social security454/9 | - | €275 | €880 | ▲ 220% |
| Other amounts payable47/48 | - | €1k | €4k | ▲ 190% |
| Accrued charges and deferred income492/3 | €1k | €259 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €-742 | €-242 | ▲ 67.4% |
| Operating cash flow (approximation) | €2k | €-742 | €-242 | ▲ 67.4% |
| Change in cash | - | €675 | €-2k | ▼ 335% |
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
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
05-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 5 days late
31-03
Financial
Weakest financial yearnet €-742
Net result drops to €-742, the lowest in the series; recovery starts the following year.
2023
16-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 16 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.
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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, Tervuren · 1 establishment unit since 2022
Ground area
65 m²
Building footprint
65 m²
Volume, LiDAR
468 m³
Parcel 24114A0093/00L000, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MGPC Solutions
since 20222.327.352.078
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24114A0093/00L000 | Flanders | 65 m² | 1 · 65 m² | 10.2 m · 2 fl. |
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.
Recognitions · licences · registrations
Dual-learning approval
1 live approvalBinnen- en buitenschrijnwerk duaal (so)
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Of 7,299 companies in sector 43350 we hold annual accounts for 2,360. 875 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
Founded06-01-2022
Fiscal year end31-03
Activities, NACEBEL 2025
41001General construction of residential buildings
43350Other building finishing work
Scores and ratios are computed by Checked and are not a credit decision.