MNP Engineering Services
ActiveSummary
MNP Engineering Services has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9,168 and a net result of €19,322. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 9537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability95▲+2
Solvency35▼-65
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.09 against 5.15 in 2024; short-term debt: 89.9% and cash: 74.8% of total assets), and 89.9% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer 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
10.1%
Return on assets
21.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 9537 sector peers (2025).
NBB · sector comparisonPosition among 9537 sector peers
Solvency
better than 15%
← weakest
strongest →
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 01-06-2026, 60 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
60 d early
2024
37 d early
2023
29 d early
2022
11 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 34 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% 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 check 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
€9,168▼ 84.7%
2024 · €59,846
Total assets
€90,773▲ 22.5%
2024 · €74,126
Net result
€19,322▲ 36.5%
2024 · €14,153
Working capital
€7,150▼ 87.9%
2024 · €59,261
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€28,372-€32,139▲ 13.3%€20,242▼ 37.0%€26,130▲ 29.1%
Net result€21,762within the sector's middle half-€23,431within the sector's middle half▲ 7.7%€14,153within the sector's middle half▼ 39.6%€19,322within the sector's middle half▲ 36.5%
Equity€22,262below the sector's middle half-€45,693within the sector's middle half▲ 105%€59,846within the sector's middle half▲ 31.0%€9,168below the sector's middle half▼ 84.7%
Total assets€36,815below the sector's middle half-€62,963below the sector's middle half▲ 71.0%€74,126within the sector's middle half▲ 17.7%€90,773within the sector's middle half▲ 22.5%
Debt€14,553-€17,269▲ 18.7%€14,280▼ 17.3%€81,605▲ 471%
Working capital€20,234-€44,899▲ 122%€59,261▲ 32.0%€7,150▼ 87.9%
Solvency60.5%within the sector's middle half-72.6%within the sector's middle half▲ 12.1pp80.7%above the sector's middle half▲ 8.2pp10.1%below the sector's middle half▼ 70.6pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 29% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €90,773
Fixed assets
€2,018 ▲ 245%
Current assets
€88,755 ▲ 20.7%
Equity and liabilities €90,773
Equity
€9,168 ▼ 84.7%
Debt
€81,605 ▲ 471%
Debt's share of the balance-sheet total rises from 19.3% to 89.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€26,556▲
2024 · €20,452
Cash flow
€19,747▲
2024 · €14,362
Current ratio
1.09▼
2024 · 5.15
Debt to equity
8.90▲
2024 · 0.24
ROE
210.8%▲
2024 · 23.6%
ROA
21.3%▲
2024 · 19.1%
Interest coverage
18.09▲
2024 · 10.95
Debt ≤ 1 year
€81,605▲
2024 · €14,280
Income taxes
€5,360▲
2024 · €4,221
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 7,976 companies that looked in July 2024 the way this one looks now, 3.1% went bankrupt within 24 months and 94% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
3.1%
went bankrupt
1.6%
stopped otherwise
94%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% 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 7,976 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €775 | €1,234 | €209 | €426 | ▲ 103% |
| Other operating charges640/8 | €5,141 | €495 | €540 | €533 | ▼ 1.3% |
| Gross operating margin9900 | €34,288 | €33,868 | €20,992 | €27,088 | ▲ 29.0% |
| Operating profit (loss)9901 | €28,372 | €32,139 | €20,242 | €26,130 | ▲ 29.1% |
| Financial income75/76B | €0 | €3 | €0 | €20 | - |
| Recurring financial income75 | €0 | €3 | €0 | €20 | - |
| Financial charges65/66B | €889 | €2,202 | €1,868 | €1,468 | ▼ 21.4% |
| Recurring financial charges65 | €889 | €2,202 | €1,868 | €1,468 | ▼ 21.4% |
| Profit (loss) for the period before taxes9903 | €27,483 | €29,940 | €18,374 | €24,682 | ▲ 34.3% |
| Income taxes67/77 | €5,721 | €6,509 | €4,221 | €5,360 | ▲ 27.0% |
| Profit (loss) for the period9904 | €21,762 | €23,431 | €14,153 | €19,322 | ▲ 36.5% |
| Profit (loss) for the period to be appropriated9905 | €21,762 | €23,431 | €14,153 | €19,322 | ▲ 36.5% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €36,815 | €62,963 | €74,126 | €90,773 | ▲ 22.5% |
| Formation expenses20 | €1,024 | - | - | - | - |
| Fixed assets21/28 | €1,004 | €794 | €585 | €2,018 | ▲ 245% |
| Tangible fixed assets22/27 | €1,004 | €794 | €585 | €2,018 | ▲ 245% |
| Furniture and vehicles24 | €1,004 | €794 | €585 | €2,018 | ▲ 245% |
| Current assets29/58 | €34,787 | €62,168 | €73,541 | €88,755 | ▲ 20.7% |
| Amounts receivable within one year40/41 | €14,944 | €40,619 | €13,779 | €18,103 | ▲ 31.4% |
| Trade receivables40 | €14,944 | €40,507 | €13,131 | €17,482 | ▲ 33.1% |
| Other amounts receivable41 | - | €112 | €648 | €621 | ▼ 4.1% |
| Cash at bank and in hand54/58 | €17,551 | €19,185 | €57,340 | €67,883 | ▲ 18.4% |
| Deferred charges and accrued income490/1 | €2,293 | €2,364 | €2,422 | €2,768 | ▲ 14.3% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €36,815 | €62,963 | €74,126 | €90,773 | ▲ 22.5% |
| Equity10/15 | €22,262 | €45,693 | €59,846 | €9,168 | ▼ 84.7% |
| Contributions10/11 | €500 | €500 | €500 | €500 | = |
| Profit (loss) carried forward14 | €21,762 | €45,193 | €59,346 | €8,668 | ▼ 85.4% |
| Amounts payable17/49 | €14,553 | €17,269 | €14,280 | €81,605 | ▲ 471% |
| Amounts payable within one year42/48 | €14,553 | €17,269 | €14,280 | €81,605 | ▲ 471% |
| Trade debts44 | €793 | €1,746 | €1,854 | €1,164 | ▼ 37.2% |
| Suppliers440/4 | €793 | €1,746 | €1,854 | €1,164 | ▼ 37.2% |
| Taxes, remuneration and social security45 | €13,505 | €15,523 | €12,425 | €20,941 | ▲ 68.5% |
| Taxes450/3 | €13,505 | €15,523 | €12,425 | €20,941 | ▲ 68.5% |
| Other amounts payable47/48 | €256 | - | - | €59,500 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,762 | €23,431 | €14,153 | €19,322 | ▲ 36.5% |
| + Depreciation and write-downs630 | €775 | €1,234 | €209 | €426 | ▲ 103% |
| Operating cash flow (approximation) | €22,537 | €24,665 | €14,362 | €19,747 | ▲ 37.5% |
| Investment in fixed assets (approximation) | - | -€1,024 | €0 | -€1,859 | - |
| Change in cash | - | €1,634 | €38,155 | €10,544 | ▼ 72.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €14,153 ▼39.6%
Net result drops to €14,153, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2022net €23,431 ▲7.7%
Operating result €32,139, net result €23,431, both a record.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Brussel · 1 establishment unit since 2022
Ground area
9,903 m²
Building footprint
3,052 m²
Volume, LiDAR
107,160 m³
2 parcels, Brussels · tallest building 61.6 m, ±9 floors. Linked by address, not a title deed.
109
companies at this address
See who is registered here
1 establishment unit
MNP Engineering Services
since 20222.333.870.082
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21813A0484/00G000 | Brussels | 9,776 m² | 1 · 3,052 m² | 61.6 m · 9 fl. |
| 21812N1443/00M000 | Brussels | 127 m² | - | - |
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
Adibest
BE 0794.402.680
Putte · Eq €9,147
HET DAM DESIGN
BE 1000.266.869
De Haan · Eq €9,217
REVICE
BE 0783.681.806
Ledegem · Eq €9,114
A&S Stonefish
BE 0695.638.171
Mechelen · Eq €9,071
B2C CONSULTING
BE 0711.969.508
Fexhe-le-Haut-Clocher · Eq €9,060
Of 11,577 companies in sector 71121 we hold annual accounts for 6,563. 2,800 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
Founded01-08-2022
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0789260096
Registered
20-08-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.