Active BE 0665.540.952Private limited company

MofP

Koornstraat 34 ·8800 Roeselare, Belgium· 9 yrs active

Sector: Activities of holding companies (64210)

Conclusion Checked

MofP is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €135k and a net result of €-21k. Equity is shrinking by ~8.6% per year across the filed fiscal years. Its solvency ranks better than 46% of 9871 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€135k
Net result	€-21k
Better than sector	46%
Active	9 yrs

Financial profile 4 of 5 axes measured · computed by Checked

57 / 100

Mixed profile: strong on stability, weaker on profitability.

Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.

Health -

Profitability 0

Solvency 95

Growth 32

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2016, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score

Model not applicable to financial institutions

The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here.

Financial overview8 NBB filings

Annual accounts filed on 16-06-2025 with the NBB · fiscal year 2024 · micro schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~8.6%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 64, Financial service activities, except insurance and pension funding · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	50.4%	54.8%	better than 46% of 9871 sector peers
Net result	€-21k	€29k	better than 8% of 9868 sector peers
Equity	€135k	€137k	better than 49% of 9878 sector peers
Gross operating margin	€-5k	€58k	better than 8% of 9858 sector peers
Total assets	€267k	€337k	better than 44% of 9875 sector peers

Net profit

€-21k

-25.9% 21-24

Total assets

€267k

-8.6% 21-24

Equity

€135k

-13.4% 21-24

Income taxes

€512

+1.3% 21-24

Debt

€132k

-3.2% 21-24

Debt ≤ 1y

€23k

+0.4% 21-24

Debt > 1y

€102k

-9.6% 21-24

Solvency

50.4%

-5.2% 21-24

ROE

-15.4%

-45.4% 21-24

ROA

-7.8%

-37.8% 21-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024	2023	2022	2021
Deposit	micro schema	micro schema	micro schema	micro schema
Revenue	n/a	n/a	n/a	n/a
EBITDA	n/a	n/a	n/a	n/a
Net profit	€-21k	€-16k	€3k	€41k
Cash flow	n/a	n/a	n/a	n/a
Staff costs	-	-	-	-
Income taxes	€512	€505	€3k	€13k
Dividends	-	-	-	-
Total assets	€267k	€292k	€363k	€335k
Equity	€135k	€155k	€172k	€169k
Debt	€132k	€137k	€191k	€166k
of which ≤ 1y	€23k	€23k	€67k	€29k
of which > 1y	€102k	€113k	€123k	€137k
Working capital	n/a	n/a	n/a	n/a
Employees (FTE)	-	-	-	-

Ratios (computed)

	2024	2023	2022	2021
Current ratio	n/a	n/a	n/a	n/a
Quick ratio	n/a	n/a	n/a	n/a
Working capital ratio	n/a	n/a	n/a	n/a
Solvency	50.4%	53.2%	47.3%	50.5%
Debt / equity	n/a	n/a	n/a	n/a
Long-term debt ratio	n/a	n/a	n/a	n/a
Interest coverage	n/a	n/a	n/a	n/a
Gross margin	n/a	n/a	n/a	n/a
Net margin	n/a	n/a	n/a	n/a
ROA	-7.8%	-5.6%	0.7%	12.3%
ROE	-15.4%	-10.6%	1.5%	24.5%
EBITDA margin	n/a	n/a	n/a	n/a
Days sales outstanding	n/a	n/a	n/a	n/a
Days payable outstanding	n/a	n/a	n/a	n/a
Inventory turnover	n/a	n/a	n/a	n/a
Days inventory (DSI)	n/a	n/a	n/a	n/a

Balance-sheet composition 2024

Assets

Fixed assets €165k · 62.0% Current assets €101k · 38.0%

Equity & liabilities

Equity €135k · 50.4% Debt €132k · 49.6%

Full annual accounts (23 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€267k	€292k	€363k	€335k
Fixed assets	21/28	€165k	€176k	€196k	€222k
Tangible fixed assets	22/27	€165k	€176k	€196k	€222k
Current assets	29/58	€101k	€116k	€166k	€113k
Amounts receivable within one year	40/41	€73	€3k	€13k	€14k
Investments	50/53	€268	€250	€250	€250
Cash & bank	54/58	€101k	€111k	€153k	€97k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€267k	€292k	€363k	€335k
Equity	10/15	€135k	€155k	€172k	€169k
Contributions / capital	10/11	€19k	€19k	€19k	€19k
Reserves	13	€116k	€137k	€153k	€151k
Amounts payable	17/49	€132k	€137k	€191k	€166k
Amounts payable after one year	17	€102k	€113k	€123k	€137k
Amounts payable within one year	42/48	€23k	€23k	€67k	€29k
Trade debts payable within one year	44	€913	€9k	€4k	€3k
Income statement
Gross operating margin	9900	€-5k	€11k	€37k	€86k
Operating result	9901	€-19k	€-14k	€8k	€56k
Financial income	75	€17	€7	€15	€97
Financial charges	65	€2k	€2k	€2k	€2k
Result before taxes	9903	€-20k	€-16k	€6k	€54k
Income taxes	67/77	€512	€505	€3k	€13k
Net result for the period	9904	€-21k	€-16k	€3k	€41k
Result to be appropriated	9905	€-21k	€-16k	€3k	€41k

Legal Structure

NACE primary	Activities of holding companies(64210)
Legal form	Private limited company(610)
Incorporation	27-10-2016
Status	Active
Postal code	8800

Establishment units 1 location

-

Koornstraat 34, 8800 RoeselareAgents in non-specialised wholesale trade

since 20162.258.612.039

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
36502B1095/00M000	Flanders	703 m²	1 · 118 m²	9.2 m · 3 fl.

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 9 events

All 11Financial 2Gazette 1Filings 8

2025

16-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Weakest financial yearnet €-21k

Net result drops to €-21k, the lowest in the series.

26-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Liquidity doublescurrent ratio 4.99

Current ratio from 2.47 to 4.99; short-term debt falls from €67k to €23k.

07-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

07-02

State Gazette act Director changes

Marieke Monteyne

2022

09-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

07-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

24-07

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

25-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

21-06

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 2 acts read

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.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 3 years ago

2023

07-02-2023 Change in the board of directors Director changes·Marieke Monteyne

Notary: Marieke Monteyne · Avelgem

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Holdings64200Activities of holding companies64210Other business support services82990

Names & trade names

Legal nameNL

MofP

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