MP CONCEPTS
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-01-2026 PDF all 8 filings
Turnover
≈ €190,000
Estimated: probably between €130,000 and €340,000
Total assets
€169,235▲ 27.1%
2024 · €133,121
Net result
€37,162▼ 20.4%
2024 · €46,674
Working capital
€138,689▲ 36.6%
2024 · €101,527
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€51,603
▼ 18.6%
2025
20192025
Net result
€37,162
▼ 20.4%
2025
highest quarter of the sector
20192025
Equity
€161,849
▲ 29.8%
2025
highest quarter of the sector
20192025
Total assets
€169,235
▲ 27.1%
2025
middle half of the sector
20192025
Debt
€7,387
▼ 12.4%
2025
20192025
Working capital
€138,689
▲ 36.6%
2025
highest quarter of the sector
20192025
Solvency
95.6%
▲ 2.0pp
2025
highest quarter of the sector
20192025
Current ratio
19.78
▲ 6.74
2025
highest quarter of the sector
20192025
Return on assets (ROA)
22.0%
▼ 13.1pp
2025
highest quarter of the sector
20192025
Staff (FTE)
no figure
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€1,419-€4,210-€9,326€47,699€64,884▲ 36.0%€63,390▼ 2.3%€51,603▼ 18.6%
Net result-€1,604-€3,130within the sector's middle half-€10,637below the sector's middle half€35,112above the sector's middle half€47,583above the sector's middle half▲ 35.5%€46,674above the sector's middle half▼ 1.9%€37,162above the sector's middle half▼ 20.4%
Equity€2,824-€5,953below the sector's middle half▲ 111%-€4,684below the sector's middle half€30,429within the sector's middle half€78,012within the sector's middle half▲ 156%€124,686within the sector's middle half▲ 59.8%€161,849above the sector's middle half▲ 29.8%
Total assets€2,968-€67,391below the sector's middle half▲ 23×€72,200within the sector's middle half▲ 7.1%€83,255within the sector's middle half▲ 15.3%€93,968within the sector's middle half▲ 12.9%€133,121within the sector's middle half▲ 41.7%€169,235within the sector's middle half▲ 27.1%
Debt€144-€61,437▲ 427×€76,884▲ 25.1%€52,826▼ 31.3%€15,956▼ 69.8%€8,434▼ 47.1%€7,387▼ 12.4%
Working capital€2,824--€33,767below the sector's middle half-€36,402below the sector's middle half▼ 7.8%€7,545within the sector's middle half€54,852within the sector's middle half▲ 627%€101,527above the sector's middle half▲ 85.1%€138,689above the sector's middle half▲ 36.6%
Solvency8.8%below the sector's middle half-6.5%below the sector's middle half▼ 15.3pp36.5%within the sector's middle half▲ 43.0pp83.0%above the sector's middle half▲ 46.5pp93.7%above the sector's middle half▲ 10.6pp95.6%above the sector's middle half▲ 2.0pp
Current ratio0.45below the sector's middle half0.52below the sector's middle half▲ 0.071.14within the sector's middle half▲ 0.624.44above the sector's middle half▲ 3.2913.04above the sector's middle half▲ 8.6019.78above the sector's middle half▲ 6.74
Return on assets (ROA)4.6%within the sector's middle half-14.7%below the sector's middle half▼ 19.4pp42.2%above the sector's middle half▲ 56.9pp50.6%above the sector's middle half▲ 8.5pp35.1%above the sector's middle half▼ 15.6pp22.0%above the sector's middle half▼ 13.1pp
Staff (FTE)0.2
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 19% lower than in 2024. It is the second fall in a row.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €169,235
Fixed assets
€23,160 =
Current assets
€146,076 ▲ 32.8%
Equity and liabilities €169,235
Equity
€161,849 ▲ 29.8%
Debt
€7,387 ▼ 12.4%
Debt's share of the balance-sheet total falls from 6.3% to 4.4%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.05▼
2024 · 0.07
ROE
23.0%▼
2024 · 37.4%
Debt ≤ 1 year
€7,387▼
2024 · €8,434
Income taxes
€14,637▼
2024 · €16,786
Staff costs
€618▼
2024 · €2,602
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-06-2024 |
|---|---|
| Average over the year, in full-time equivalents | 0.2 |
| Joined | 1 |
| Left | 1 |
Source: social balance sheet in the 2024 annual accounts
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €524 | €2,174 | €1,626 | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | - | €2,602 | €618 | ▼ 76.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €2,787 | €7,085 | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €62 | €405 | €62 | €430 | ▲ 594% |
| Gross operating margin9900 | -€1,357 | €6,997 | -€2,179 | €47,761 | €65,288 | €66,054 | €52,652 | ▼ 20.3% |
| Operating profit (loss)9901 | -€1,419 | €4,210 | -€9,326 | €47,699 | €64,884 | €63,390 | €51,603 | ▼ 18.6% |
| Financial income75/76B | - | - | - | - | €127 | €182 | €217 | ▲ 19.2% |
| Recurring financial income75 | - | - | - | - | €127 | €182 | €217 | ▲ 19.2% |
| Financial charges65/66B | - | - | - | €19 | €13 | €111 | €21 | ▼ 81.2% |
| Recurring financial charges65 | €185 | €320 | €76 | €19 | €13 | €111 | €21 | ▼ 81.2% |
| Profit (loss) for the period before taxes9903 | -€1,604 | €3,890 | -€9,402 | €47,680 | €64,998 | €63,461 | €51,800 | ▼ 18.4% |
| Income taxes67/77 | - | €761 | €1,236 | €12,568 | €17,415 | €16,786 | €14,637 | ▼ 12.8% |
| Profit (loss) for the period9904 | -€1,604 | €3,130 | -€10,637 | €35,112 | €47,583 | €46,674 | €37,162 | ▼ 20.4% |
| Profit (loss) for the period to be appropriated9905 | -€1,604 | €3,130 | -€10,637 | €35,112 | €47,583 | €46,674 | €37,162 | ▼ 20.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €2,968 | €67,391 | €72,200 | €83,255 | €93,968 | €133,121 | €169,235 | ▲ 27.1% |
| Fixed assets21/28 | - | €39,720 | €32,636 | €23,160 | €23,160 | €23,160 | €23,160 | = |
| Tangible fixed assets22/27 | - | €39,720 | €32,636 | €23,160 | €23,160 | €23,160 | €23,160 | = |
| Plant, machinery and equipment23 | - | - | - | €23,160 | €23,160 | €23,160 | €23,160 | = |
| Current assets29/58 | €2,968 | €27,671 | €39,564 | €60,095 | €70,808 | €109,961 | €146,076 | ▲ 32.8% |
| Amounts receivable within one year40/41 | €606 | €10,701 | €5,704 | €9,552 | €34,591 | €64,282 | €42,378 | ▼ 34.1% |
| Trade receivables40 | - | - | - | €9,075 | €30,250 | €60,500 | €35,695 | ▼ 41.0% |
| Other amounts receivable41 | - | - | - | €477 | €4,341 | €3,782 | €6,683 | ▲ 76.7% |
| Current investments50/53 | - | - | - | - | - | - | €75,000 | - |
| Cash at bank and in hand54/58 | €2,362 | €16,408 | €33,274 | €20,543 | €36,131 | €45,679 | €28,594 | ▼ 37.4% |
| Deferred charges and accrued income490/1 | - | - | - | €30,000 | €86 | - | €104 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €2,968 | €67,391 | €72,200 | €83,255 | €93,968 | €133,121 | €169,235 | ▲ 27.1% |
| Equity10/15 | €2,824 | €5,953 | -€4,684 | €30,429 | €78,012 | €124,686 | €161,849 | ▲ 29.8% |
| Contributions10/11 | €6,200 | - | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | - | - | - | €35,112 | €82,696 | €118,486 | €155,649 | ▲ 31.4% |
| Distributable reserves133 | - | - | - | €35,112 | €82,696 | €118,486 | €155,649 | ▲ 31.4% |
| Profit (loss) carried forward14 | -€3,376 | -€247 | -€10,884 | -€10,884 | -€10,884 | - | - | - |
| Amounts payable17/49 | €144 | €61,437 | €76,884 | €52,826 | €15,956 | €8,434 | €7,387 | ▼ 12.4% |
| Amounts payable within one year42/48 | €144 | €61,437 | €75,967 | €52,549 | €15,956 | €8,434 | €7,387 | ▼ 12.4% |
| Trade debts44 | €144 | €815 | €25,674 | €7,263 | €369 | €1,607 | €4,316 | ▲ 169% |
| Suppliers440/4 | - | - | - | €7,263 | €369 | €1,607 | €4,316 | ▲ 169% |
| Taxes, remuneration and social security45 | - | - | - | €14,176 | €15,587 | €6,458 | €2,137 | ▼ 66.9% |
| Taxes450/3 | - | - | - | €14,176 | €15,587 | €6,458 | €2,137 | ▼ 66.9% |
| Other amounts payable47/48 | - | - | - | €31,111 | - | €369 | €933 | ▲ 153% |
| Accrued charges and deferred income492/3 | - | - | - | €277 | - | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,604 | €3,130 | -€10,637 | €35,112 | €47,583 | €46,674 | €37,162 | ▼ 20.4% |
| + Depreciation and write-downs630 | - | €2,787 | €7,085 | - | - | - | - | - |
| Operating cash flow (approximation) | -€1,604 | €5,917 | -€3,553 | €35,112 | €47,583 | €46,674 | €37,162 | ▼ 20.4% |
| Investment in fixed assets (approximation) | - | - | €0 | €9,476 | €0 | €0 | €0 | - |
| Change in cash | - | €14,047 | €16,865 | -€12,731 | €15,588 | €9,548 | -€17,085 | - |
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, 26,972 companies had the same profile as MP CONCEPTS has now. Two years later, 94.9% were still going and 1.6% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
94.9%
was still going
3.4%
stopped otherwise
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MP CONCEPTS itself: 0.3% 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 26,972 companies, not a prediction for MP CONCEPTS. 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.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 30-01-2026 | 2026-00020408 | |
| 30-06-2024 | micro format | 31-01-2025 | 2025-00019217 | |
| 30-06-2023 | micro format | 31-01-2024 | 2024-00016804 | |
| 30-06-2022 | micro format | 31-01-2023 | 2023-00013044 | |
| 30-06-2021 | micro format | 27-01-2022 | 2022-02100576 | |
| 30-06-2020 | micro format | 28-01-2021 | 2021-02700140 | |
| 30-06-2019 | abbreviated format | 13-01-2020 | 2020-00900044 | |
| 30-06-2018 | abbreviated format | 17-12-2018 | 2018-74700133 |