MP 2
ActiveSummary
MP 2 has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€5,768) and a net result of -€8,758. Equity has been shrinking by about 41% per year since 2018. Its solvency ranks better than 19% of 22,774 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 02-03-2000 Normal situation
- Activity
- Retail trade NACE 47260
- Establishment unit
- 2.158.980.270 8400 Oostende, since 13-11-2002
- Financial year end
- 31 December
- Peppol
- Reachable since 12-02-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.5%
- Gross margin
- €547
- ▼ 83.5%
- Turnover
- ≈ €9,000
- estimated
- Loss
- €8,758
- ▲ 32.9%
- Equity
- -€5,768
- Total assets
- €61,121
- ▼ 11.5%
- Negative equity on 31-12-2025
Score breakdownraises riskCapped at 59: negative equityLoss of €8,758, the second in a row (financial year 2025)Negative equity -€5,768lowers riskSize: total assets €61,121Founded in 2000Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 16% of them on solvency, 7% on liquidity, 13% on profitability and 2% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 15 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 26-06-2026 at the NBB all 26 filings
Amounts without an identifiable currency are taken as euros.
Every figure per financial year
The operating result for 2025 is a loss of €9,345, larger than the loss of €6,506 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,611 | €17,612 | €17,612 | €17,612 | €17,725 | €17,793 | €7,859 | €7,867 | ▲ 0.1% |
| Other operating charges640/8 | - | - | - | €1,701 | €1,732 | €1,894 | €1,965 | €2,025 | ▲ 3.0% |
| Gross operating margin9900 | -€5,485 | €1,075 | €2,198 | €1,165 | €637 | €768 | €3,318 | €547 | ▼ 83.5% |
| Operating profit (loss)9901 | -€24,692 | -€18,195 | -€17,104 | -€18,148 | -€18,820 | -€18,919 | -€6,506 | -€9,345 | ▼ 43.6% |
| Financial income75/76B | - | - | - | - | - | - | €0 | - | - |
| Recurring financial income75 | - | - | - | - | - | - | €0 | - | - |
| Financial charges65/66B | - | - | - | €154 | €153 | €52 | €87 | €45 | ▼ 48.3% |
| Recurring financial charges65 | €148 | €142 | €0 | €154 | €153 | €52 | €87 | €45 | ▼ 48.3% |
| Profit (loss) for the period before taxes9903 | -€24,840 | -€18,337 | -€17,104 | -€18,302 | -€18,973 | -€18,971 | -€6,593 | -€9,390 | ▼ 42.4% |
| Transfer from deferred taxes780 | - | - | - | €2,390 | €2,390 | - | - | €632 | - |
| Profit (loss) for the period9904 | -€22,450 | -€15,947 | -€14,714 | -€15,912 | -€16,583 | -€18,971 | -€6,593 | -€8,758 | ▼ 32.9% |
| Transfer from tax-exempt reserves789 | - | - | - | €4,641 | €4,641 | - | - | - | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | - | - | €632 | - |
| Profit (loss) for the period to be appropriated9905 | -€17,809 | -€11,306 | -€10,073 | -€11,271 | -€11,943 | -€18,971 | -€6,593 | -€9,390 | ▼ 42.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €164,299 | €145,651 | €129,287 | €111,441 | €93,289 | €75,610 | €69,064 | €61,121 | ▼ 11.5% |
| Fixed assets21/28 | €161,272 | €143,660 | €126,048 | €108,437 | €92,411 | €74,618 | €66,759 | €58,892 | ▼ 11.8% |
| Tangible fixed assets22/27 | €161,272 | €143,660 | €126,048 | €108,437 | €92,411 | €74,618 | €66,759 | €58,892 | ▼ 11.8% |
| Land and buildings22 | - | - | - | €108,437 | €92,411 | €74,618 | €66,759 | €58,892 | ▼ 11.8% |
| Current assets29/58 | €3,027 | €1,991 | €3,239 | €3,004 | €878 | €992 | €2,305 | €2,229 | ▼ 3.3% |
| Amounts receivable within one year40/41 | - | €996 | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €3,027 | €995 | €3,239 | €3,004 | €878 | €992 | €2,305 | €2,229 | ▼ 3.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €164,299 | €145,651 | €129,287 | €111,441 | €93,289 | €75,610 | €69,064 | €61,121 | ▼ 11.5% |
| Equity10/15 | €91,710 | €75,763 | €61,049 | €45,138 | €28,554 | €9,583 | €2,990 | -€5,768 | - |
| Contributions10/11 | €209,713 | €209,713 | - | €209,713 | €209,713 | €209,713 | €209,713 | €209,713 | = |
| Reserves13 | €23,204 | €18,563 | €13,922 | €9,282 | €4,641 | €4,641 | €4,641 | €5,273 | ▲ 13.6% |
| Tax-exempt reserves132 | - | - | - | €9,282 | €4,641 | €4,641 | €4,641 | €5,273 | ▲ 13.6% |
| Profit (loss) carried forward14 | -€141,207 | -€152,513 | -€162,586 | -€173,857 | -€185,799 | -€204,770 | -€211,363 | -€220,753 | ▼ 4.4% |
| Provisions and deferred taxes16 | €11,948 | €9,558 | €7,169 | €4,779 | €2,390 | €2,390 | €2,390 | €1,758 | ▼ 26.4% |
| Deferred taxes168 | - | - | - | €4,779 | €2,390 | €2,390 | €2,390 | €1,758 | ▼ 26.4% |
| Amounts payable17/49 | €60,641 | €60,330 | €61,069 | €61,524 | €62,345 | €63,637 | €63,684 | €65,131 | ▲ 2.3% |
| Amounts payable within one year42/48 | €60,130 | €59,652 | €61,014 | €61,454 | €62,269 | €63,637 | €63,684 | €65,131 | ▲ 2.3% |
| Trade debts44 | €1,972 | €635 | €1,234 | €960 | €961 | €2,330 | €2,385 | €1,732 | ▼ 27.4% |
| Suppliers440/4 | - | - | - | €960 | €961 | €2,330 | €2,385 | €1,732 | ▼ 27.4% |
| Other amounts payable47/48 | - | - | - | €60,494 | €61,307 | €61,307 | €61,299 | €63,399 | ▲ 3.4% |
| Accrued charges and deferred income492/3 | - | - | - | €70 | €77 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€22,450 | -€15,947 | -€14,714 | -€15,912 | -€16,583 | -€18,971 | -€6,593 | -€8,758 | ▼ 32.9% |
| + Depreciation and write-downs630 | €17,611 | €17,612 | €17,612 | €17,612 | €17,725 | €17,793 | €7,859 | €7,867 | ▲ 0.1% |
| Operating cash flow (approximation) | -€4,839 | €1,665 | €2,898 | €1,700 | €1,142 | -€1,178 | €1,266 | -€891 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1 | -€1,699 | €0 | €0 | €0 | - |
| Change in cash | - | -€2,032 | €2,244 | -€235 | -€2,126 | €114 | €1,313 | -€76 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,619 companies had the same profile as MP 2 has now. Two years later, 84.5% were still going and 4.5% had gone bankrupt.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
Another 1.0% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MP 2 itself: 1.5% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,619 companies, not a prediction for MP 2. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 26 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 26-06-2026 | 2026-00207487 | |
| 31-12-2024 | micro format | 24-06-2025 | 2025-00169948 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00421548 | |
| 31-12-2022 | micro format | 07-08-2023 | 2023-00315474 | |
| 31-12-2021 | micro format | 25-08-2022 | 2022-20327635 | |
| 31-12-2020 | micro format | 25-08-2021 | 2021-53700563 | |
| 31-12-2019 | micro format | 31-10-2020 | 2020-67100137 | |
| 31-12-2018 | micro format | 26-08-2019 | 2019-50600241 | |
| 31-12-2017 | micro format | 26-06-2018 | 2018-23400041 | |
| 31-12-2016 | micro format | 22-08-2017 | 2017-46600073 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 15-09-2023 Converted to unavailable equity · €209,712.63
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| DE PESSEMIER Rosia |
|
| HERRLING Patrick |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Natuurlijke personen of rechtspersonen,al dan niet aandeelhouder, 1”“Op algemene kosten los van representatie-,reis- en verplaatsingskosten, algemene vergadering met absolute meerderheid of enige aandeelhouder…”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Procedure- en expertisekosten voor helft overdrager en helft koper(s) naar evenredigheid bij meerdere kopers;zelfde bij weigering erfgenaam…”
Articles of association, deed of 15-09-2023 (in Dutch)
Network & group
MP 2 shares no director with another company.
Companies at the same address
6 other companies- BEH - Belgisch Expertisecentrum voor Hoarding Registered office · since 2026 1041008453
- AMS production Registered office · since 2021 0761567487
- LILIANE BOECKSTIJNS Registered office · since 2007 0886862090
- ZAROS Registered office · since 1995 0456567419
- Andrews, Roy (sole trader) Establishment · since 1977 0853813695
- RESIDENTIE SAVOY VME Registered office · since 1961 0850346045
Connections & network
2 current directorsThe network starts from the directors of MP 2. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
15-09
Gazette deed
2 directors resigning, 2 reappointedResignations: HERRLING Patrick (manager) and DE PESSEMIER Rosia (manager) · Reappointments: HERRLING Patrick (director) and DE PESSEMIER Rosia (director) · Capital conversion13 points ▸
- General meeting, 23-08-2023
- Other provision, “aanpassing statuten aan WVV en behoud rechtsvorm BV, statuten aanpassen en rechtsvorm besloten vennootschap behouden” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffing statutair onbeschikbare eigen vermogensrekening en beschikbaar maken voor uitkering, tweede besluit deel2” (deed in Dutch)
- Amendment of the articles
- Other provision, “inbrengen”, 2780 (deed in Dutch)
- Director resignation, HERRLING Patrick (manager)
- Director resignation, DE PESSEMIER Rosia (manager)
- Director reappointment, HERRLING Patrick (director (not named in the articles))
- Director reappointment, DE PESSEMIER Rosia (director (not named in the articles))
- Power of attorney
- Registered office clause, “8400 Oostende Koningsstraat 4 bus 09.02” (deed in Dutch)
- The act holds 1 more point.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 35013A1595/00E031 | Flanders | 395 m² | 1 · 395 m² | 31.1 m · 10 |