MP
ActiveSummary
MP has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €145k and a net result of €11k. Equity is growing by ~16% per year across the filed fiscal years. Its solvency ranks better than 27% of 10407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability53▼-19
Solvency42▲+2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity short (current ratio 0.47 against 0.55 in 2024; short-term debt: 17.8% and cash: 5.1% of total assets), and 82.8% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Four 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
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
Retail trade (NACE 47)
about 45% more 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
17.2%
Return on assets
1.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 5 filingsDeviation from the deadline
2025
31 d late
2024
30 d late
2023
27 d late
2022
31 d late
2021
37 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€145k▲ 7.9%
2024 · €134k
Total assets
€842k▼ 4.8%
2024 · €885k
Net result
€11k▼ 57.7%
2024 · €25k
Working capital
€-79k▼ 13.7%
2024 · €-70k
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
Line20212022202320242025
Operating result€26k-€36k▲ 38.2%€28k▼ 21.3%€53k▲ 90.8%€50k▼ 7.1%
Net result€11k-€20k▲ 77.3%€13k▼ 38.2%€25k▲ 99.8%€11k▼ 57.7%
Equity€76k-€97k▲ 26.6%€109k▲ 13.0%€134k▲ 22.9%€145k▲ 7.9%
Total assets€187k-€941k▲ 403%€922k▼ 2.0%€885k▼ 4.0%€842k▼ 4.8%
Debt€111k-€844k▲ 663%€812k▼ 3.8%€751k▼ 7.6%€697k▼ 7.1%
Working capital€6k-€-80k€-88k▼ 9.7%€-70k▲ 20.8%€-79k▼ 13.7%
Staff (FTE)5.4-6.3▲ 16.7%7.5▲ 19.0%6.4▼ 14.7%4.6▼ 28.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €842k
Fixed assets
€771k ▼ 3.5%
Current assets
€71k ▼ 17.1%
Equity and liabilities €842k
Equity
€145k ▲ 7.9%
Debt
€697k ▼ 7.1%
Debt's share of the balance-sheet total falls from 84.8% to 82.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€93k▼
2024 · €96k
Cash flow
€54k▼
2024 · €67k
Current ratio
0.47▼
2024 · 0.55
Quick ratio
0.46▼
2024 · 0.53
Debt to equity
4.81▼
2024 · 5.59
ROE
7.3%▼
2024 · 18.7%
ROA
1.3%▼
2024 · 2.8%
Interest coverage
3.97▼
2024 · 6.29
Debt ≤ 1 year
€150k▼
2024 · €155k
Debt > 1 year
€547k▼
2024 · €596k
Income taxes
€16k▲
2024 · €13k
Staff costs
€153k▼
2024 · €199k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €299k | €190k | €238k | €199k | €153k | ▼ 23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €100k | €47k | €41k | €42k | €43k | ▲ 2.7% |
| Other operating charges640/8 | €2k | €4k | €5k | €6k | €6k | ▼ 4.3% |
| Gross operating margin9900 | €426k | €276k | €312k | €301k | €252k | ▼ 16.2% |
| Operating profit (loss)9901 | €26k | €36k | €28k | €53k | €50k | ▼ 7.1% |
| Financial income75/76B | €181 | €33 | €39 | €8 | €58 | ▲ 662% |
| Recurring financial income75 | €181 | €33 | €39 | €8 | €58 | ▲ 662% |
| Financial charges65/66B | €6k | €4k | €4k | €15k | €23k | ▲ 54.1% |
| Recurring financial charges65 | €6k | €4k | €4k | €15k | €23k | ▲ 54.1% |
| Profit (loss) for the period before taxes9903 | €20k | €32k | €24k | €38k | €26k | ▼ 31.2% |
| Income taxes67/77 | €8k | €11k | €11k | €13k | €16k | ▲ 19.2% |
| Profit (loss) for the period9904 | €11k | €20k | €13k | €25k | €11k | ▼ 57.7% |
| Profit (loss) for the period to be appropriated9905 | €11k | €20k | €13k | €25k | €11k | ▼ 57.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €187k | €941k | €922k | €885k | €842k | ▼ 4.8% |
| Formation expenses20 | - | - | €0 | €0 | €0 | - |
| Fixed assets21/28 | €70k | €864k | €838k | €800k | €771k | ▼ 3.5% |
| Intangible fixed assets21 | €55k | €45k | €35k | €25k | €15k | ▼ 40.0% |
| Tangible fixed assets22/27 | €12k | €816k | €800k | €772k | €753k | ▼ 2.4% |
| Land and buildings22 | - | €803k | €782k | €755k | €728k | ▼ 3.6% |
| Plant, machinery and equipment23 | €12k | €13k | €18k | €17k | €14k | ▼ 18.3% |
| Other tangible fixed assets26 | - | - | - | - | €12k | - |
| Financial fixed assets28 | €3k | €3k | €3k | €3k | €3k | = |
| Current assets29/58 | €117k | €77k | €84k | €85k | €71k | ▼ 17.1% |
| Stocks and contracts in progress3 | - | - | - | €3k | €2k | ▼ 29.7% |
| Stocks30/36 | - | - | - | €3k | €2k | ▼ 29.7% |
| Amounts receivable within one year40/41 | €97k | €26k | €35k | €29k | €25k | ▼ 12.5% |
| Trade receivables40 | €89k | €19k | €23k | €22k | €24k | ▲ 9.9% |
| Other amounts receivable41 | €8k | €7k | €12k | €7k | €1k | ▼ 85.0% |
| Cash at bank and in hand54/58 | €20k | €50k | €49k | €53k | €43k | ▼ 19.3% |
| Deferred charges and accrued income490/1 | - | €708 | €435 | €553 | €708 | ▲ 28.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €187k | €941k | €922k | €885k | €842k | ▼ 4.8% |
| Equity10/15 | €76k | €97k | €109k | €134k | €145k | ▲ 7.9% |
| Contributions10/11 | €65k | €65k | €65k | €65k | €65k | = |
| Reserves13 | €11k | €31k | €44k | €69k | €79k | ▲ 15.4% |
| Distributable reserves133 | €11k | €31k | €44k | €69k | €79k | ▲ 15.4% |
| Profit (loss) carried forward14 | €451 | €451 | €499 | €564 | €565 | ▲ 0.3% |
| Amounts payable17/49 | €111k | €844k | €812k | €751k | €697k | ▼ 7.1% |
| Amounts payable after more than one year17 | - | €687k | €641k | €596k | €547k | ▼ 8.1% |
| Financial debts170/4 | - | €685k | €638k | €591k | €542k | ▼ 8.2% |
| Other amounts payable178/9 | - | €2k | €2k | €5k | €5k | = |
| Amounts payable within one year42/48 | €111k | €157k | €172k | €155k | €150k | ▼ 3.3% |
| Current portion of amounts payable after more than one year42 | - | €48k | €37k | €41k | €48k | ▲ 19.1% |
| Financial debts43 | €14k | €3k | - | - | €3k | - |
| Credit institutions430/8 | €14k | €3k | - | - | €3k | - |
| Trade debts44 | €33k | €25k | €32k | €9k | €13k | ▲ 47.3% |
| Suppliers440/4 | €33k | €25k | €32k | €9k | €13k | ▲ 47.3% |
| Taxes, remuneration and social security45 | €14k | €32k | €34k | €24k | €14k | ▼ 40.3% |
| Taxes450/3 | - | €12k | €17k | €9k | €2k | ▼ 76.9% |
| Remuneration and social security454/9 | €14k | €19k | €16k | €15k | €12k | ▼ 17.6% |
| Other amounts payable47/48 | €50k | €50k | €69k | €82k | €71k | ▼ 13.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11k | €20k | €13k | €25k | €11k | ▼ 57.7% |
| + Depreciation and write-downs630 | €100k | €47k | €41k | €42k | €43k | ▲ 2.7% |
| Operating cash flow (approximation) | €111k | €67k | €53k | €67k | €54k | ▼ 19.8% |
| Investment in fixed assets (approximation) | - | €-841k | €-14k | €-4k | €-15k | ▼ 296% |
| Change in cash | - | €31k | €-1k | €4k | €-10k | ▼ 341% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €11k ▼57.7%
Net result drops to €11k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 30 days late
2024
31-12
Financial
Highest result since 2021net €25k ▲99.8%
Operating result €53k, net result €25k, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
31-12
Financial
Equity above €100kEq €109k ▲13%
3 profitable years in a row build equity to €109k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not 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
1 act for this company is 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, Antwerpen · 1 establishment unit since 2020
Ground area
183 m²
Building footprint
183 m²
Volume, LiDAR
1,365 m³
Parcel 11343A0581/00V008, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Bakkerij Vanherck
since 20202.298.404.013
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11343A0581/00V008 | Flanders | 183 m² | 1 · 183 m² | 10.4 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
Food safety, FASFC
1 siteAntwerpen2.298.404.013
Dual-learning approval
2 live approvals · 1 endedWinkelmedewerker (vwo)
Winkelmedewerker duaal (so)
Show 1 ended approval
Winkelbediende (so)
Similar companies · same sector, comparable size
Pain et Passion
BE 0521.999.362
Gesves · Eq €144,825
BAKKERIJ KRIS MOONEN
BE 0535.646.470
Kapellen · Eq €143,794
Patos
BE 0671.453.301
Antwerpen · Eq €143,299
PAGODE
BE 0466.178.634
Berlaar · Eq €143,061
DIVÉRO
BE 0863.420.061
Brecht · Eq €143,030
Of 2,403 companies in sector 47241 we hold annual accounts for 1,101. 877 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
Founded23-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
47241Retail sale of bread and pastry (bakery outlets)
10712Artisanal bread and fresh pastry making
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.