MP² Consult
ActiveFinancials · financial year 2025, abbreviated format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00460693.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 22 filings
Turnover
≈ €86,000
Estimated: probably between €64,000 and €120,000
Total assets
€220,428▼ 27.4%
2024 · €303,779
Net result
-€35,753▼ 80.9%
2024 · -€19,765
Working capital
€3,152▼ 86.6%
2024 · €23,540
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€31,531
▼ 90.5%
2025
20182025
Net result
-€35,753
▼ 80.9%
2025
lowest quarter of the sector
20182025
Equity
€26,369
▼ 57.6%
2025
lowest quarter of the sector
20182025
Total assets
€220,428
▼ 27.4%
2025
middle half of the sector
20182025
Debt
€194,059
▼ 19.7%
2025
20182025
Working capital
€3,152
▼ 86.6%
2025
middle half of the sector
20182025
Solvency
12.0%
▼ 8.5pp
2025
lowest quarter of the sector
20182025
Current ratio
1.05
▼ 0.24
2025
middle half of the sector
20182025
Return on assets (ROA)
-16.2%
▼ 9.7pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
0
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€20,291-€24,534▲ 20.9%€49,790▲ 103%€37,438▼ 24.8%€16,188▼ 56.8%€9,255▼ 42.8%-€16,551-€31,531▼ 90.5%
Net result€15,330-€19,975▲ 30.3%€36,644within the sector's middle half▲ 83.4%€24,513within the sector's middle half▼ 33.1%€5,943within the sector's middle half▼ 75.8%€1,626below the sector's middle half▼ 72.6%-€19,765below the sector's middle half-€35,753below the sector's middle half▼ 80.9%
Equity-€6,814-€13,161€49,805within the sector's middle half▲ 278%€74,318within the sector's middle half▲ 49.2%€80,261within the sector's middle half▲ 8.0%€81,887within the sector's middle half▲ 2.0%€62,121within the sector's middle half▼ 24.1%€26,369below the sector's middle half▼ 57.6%
Total assets€267,079-€264,512▼ 1.0%€302,928above the sector's middle half▲ 14.5%€383,153above the sector's middle half▲ 26.5%€423,830above the sector's middle half▲ 10.6%€349,700above the sector's middle half▼ 17.5%€303,779within the sector's middle half▼ 13.1%€220,428within the sector's middle half▼ 27.4%
Debt€273,894-€251,351▼ 8.2%€253,124▲ 0.7%€308,835▲ 22.0%€343,569▲ 11.2%€267,813▼ 22.0%€241,657▼ 9.8%€194,059▼ 19.7%
Working capital-€5,042-€8,445€35,349within the sector's middle half▲ 319%€46,154within the sector's middle half▲ 30.6%€35,592within the sector's middle half▼ 22.9%€34,371within the sector's middle half▼ 3.4%€23,540within the sector's middle half▼ 31.5%€3,152within the sector's middle half▼ 86.6%
Solvency-2.6%-5.0%▲ 7.5pp16.4%below the sector's middle half▲ 11.5pp19.4%below the sector's middle half▲ 3.0pp18.9%below the sector's middle half▼ 0.5pp23.4%below the sector's middle half▲ 4.5pp20.4%within the sector's middle half▼ 3.0pp12.0%below the sector's middle half▼ 8.5pp
Current ratio0.91-1.14▲ 0.241.49within the sector's middle half▲ 0.351.52within the sector's middle half▲ 0.031.37within the sector's middle half▼ 0.151.44within the sector's middle half▲ 0.081.29within the sector's middle half▼ 0.151.05within the sector's middle half▼ 0.24
Return on assets (ROA)5.7%-7.6%▲ 1.8pp12.1%within the sector's middle half▲ 4.5pp6.4%within the sector's middle half▼ 5.7pp1.4%below the sector's middle half▼ 5.0pp0.5%below the sector's middle half▼ 0.9pp-6.5%below the sector's middle half▼ 7.0pp-16.2%below the sector's middle half▼ 9.7pp
Staff (FTE)0below the sector's middle half0below the sector's middle half
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). 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 a loss of €31,531, larger than the loss of €16,551 in 2024. It is the lowest result since 2021.
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 €220,428
Fixed assets
€156,113 ▼ 22.1%
Current assets
€64,315 ▼ 37.8%
Equity and liabilities €220,428
Equity
€26,369 ▼ 57.6%
Debt
€194,059 ▼ 19.7%
Debt's share of the balance-sheet total rises from 79.6% to 88.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€15,804▼
2024 · €35,919
Cash flow
€11,583▼
2024 · €32,704
Debt to equity
7.36▲
2024 · 3.89
ROE
-135.6%▼
2024 · -31.8%
Interest coverage
2.02▼
2024 · 4.44
Debt ≤ 1 year
€61,163▼
2024 · €79,918
Debt > 1 year
€132,172▼
2024 · €161,739
Income taxes
€201▼
2024 · €221
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Mortgages, amount registered | - | - | - | €25,000 | €25,000 |
| Mortgage mandates | - | - | - | €275,000 | €275,000 |
| Carrying value of the mortgaged assets | - | - | - | €103,444 | €103,444 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €106,997 | €152,368 | €37,500 | €17,299 | €6,779 |
| Financial fixed assets | - | €1,140 | - | - | - |
| Depreciation and write-downs of the year | €25,504 | €39,370 | €44,154 | €52,469 | €47,336 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2024 · 1 entry · €653 awardedAnnual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €898 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,542 | €19,569 | €19,820 | €25,504 | €39,370 | €44,154 | €52,469 | €47,336 | ▼ 9.8% |
| Other operating charges640/8 | - | - | - | €3,042 | €12,183 | €15,156 | €6,485 | €8,916 | ▲ 37.5% |
| Non-recurring operating charges66A | - | - | - | €4,457 | €2,032 | €0 | €775 | €758 | ▼ 2.3% |
| Gross operating margin9900 | €52,045 | €47,803 | €73,099 | €70,441 | €69,773 | €68,565 | €43,178 | €25,478 | ▼ 41.0% |
| Operating profit (loss)9901 | €20,291 | €24,534 | €49,790 | €37,438 | €16,188 | €9,255 | -€16,551 | -€31,531 | ▼ 90.5% |
| Financial income75/76B | - | - | - | €3,045 | €4,060 | €5,232 | €5,092 | €3,812 | ▼ 25.1% |
| Recurring financial income75 | €1,350 | €2,603 | €2,030 | €3,045 | €4,060 | €5,232 | €5,092 | €3,812 | ▼ 25.1% |
| Financial charges65/66B | - | - | - | €4,407 | €9,735 | €10,609 | €8,086 | €7,833 | ▼ 3.1% |
| Recurring financial charges65 | €6,311 | €7,161 | €5,535 | €4,407 | €9,735 | €10,609 | €8,086 | €7,833 | ▼ 3.1% |
| Profit (loss) for the period before taxes9903 | €15,330 | €19,975 | €46,286 | €36,076 | €10,513 | €3,878 | -€19,544 | -€35,552 | ▼ 81.9% |
| Income taxes67/77 | - | - | €9,642 | €11,563 | €4,570 | €2,252 | €221 | €201 | ▼ 9.4% |
| Profit (loss) for the period9904 | €15,330 | €19,975 | €36,644 | €24,513 | €5,943 | €1,626 | -€19,765 | -€35,753 | ▼ 80.9% |
| Profit (loss) for the period to be appropriated9905 | €15,330 | €19,975 | €36,644 | €24,513 | €5,943 | €1,626 | -€19,765 | -€35,753 | ▼ 80.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €267,079 | €264,512 | €302,928 | €383,153 | €423,830 | €349,700 | €303,779 | €220,428 | ▼ 27.4% |
| Fixed assets21/28 | €219,034 | €196,374 | €195,105 | €247,919 | €291,881 | €238,006 | €200,321 | €156,113 | ▼ 22.1% |
| Tangible fixed assets22/27 | €219,034 | €196,374 | €195,105 | €247,919 | €290,741 | €236,866 | €200,321 | €156,113 | ▼ 22.1% |
| Land and buildings22 | - | - | - | €151,083 | €135,057 | €119,251 | €103,444 | €88,854 | ▼ 14.1% |
| Plant, machinery and equipment23 | - | - | - | - | - | - | €1,808 | €1,356 | ▼ 25.0% |
| Furniture and vehicles24 | - | - | - | €84,409 | €145,729 | €109,853 | €88,773 | €61,075 | ▼ 31.2% |
| Other tangible fixed assets26 | - | - | - | €12,427 | €9,955 | €7,763 | €6,295 | €4,828 | ▼ 23.3% |
| Financial fixed assets28 | - | - | - | - | €1,140 | €1,140 | €0 | - | - |
| Current assets29/58 | €48,045 | €68,139 | €107,823 | €135,233 | €131,949 | €111,694 | €103,458 | €64,315 | ▼ 37.8% |
| Amounts receivable after more than one year29 | - | - | - | €100,000 | €100,000 | €0 | - | - | - |
| Other amounts receivable291 | - | - | - | €100,000 | €100,000 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €44,544 | €67,500 | €19,148 | €18,632 | €31,492 | €95,109 | €102,735 | €57,967 | ▼ 43.6% |
| Trade receivables40 | - | - | - | €17,743 | €30,604 | €14,561 | €13,644 | €13,705 | ▲ 0.4% |
| Other amounts receivable41 | - | - | - | €889 | €889 | €80,548 | €89,090 | €44,263 | ▼ 50.3% |
| Cash at bank and in hand54/58 | €3,501 | €638 | €38,405 | €16,602 | €52 | €16,584 | €393 | €4,271 | ▲ 987% |
| Deferred charges and accrued income490/1 | - | - | - | €0 | €405 | €0 | €330 | €2,076 | ▲ 529% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €267,079 | €264,512 | €302,928 | €383,153 | €423,830 | €349,700 | €303,779 | €220,428 | ▼ 27.4% |
| Equity10/15 | -€6,814 | €13,161 | €49,805 | €74,318 | €80,261 | €81,887 | €62,121 | €26,369 | ▼ 57.6% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €3,261 | €6,961 | €43,605 | €68,118 | €74,061 | €75,687 | €55,921 | €33,942 | ▼ 39.3% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €66,258 | €72,201 | €73,827 | €54,061 | €32,082 | ▼ 40.7% |
| Profit (loss) carried forward14 | -€16,276 | €0 | - | - | - | - | - | -€13,774 | - |
| Amounts payable17/49 | €273,894 | €251,351 | €253,124 | €308,835 | €343,569 | €267,813 | €241,657 | €194,059 | ▼ 19.7% |
| Amounts payable after more than one year17 | €220,806 | €191,658 | €180,650 | €219,755 | €245,988 | €190,490 | €161,739 | €132,172 | ▼ 18.3% |
| Financial debts170/4 | - | - | - | €219,755 | €245,988 | €190,490 | €161,739 | €132,172 | ▼ 18.3% |
| Amounts payable within one year42/48 | €53,088 | €59,693 | €72,474 | €89,080 | €96,357 | €77,323 | €79,918 | €61,163 | ▼ 23.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €30,747 | €38,210 | €29,014 | €28,751 | €30,936 | ▲ 7.6% |
| Financial debts43 | - | - | - | €5,284 | €15,504 | €15,372 | €806 | €15,202 | ▲ 19× |
| Credit institutions430/8 | - | - | - | €5,284 | €15,504 | €15,372 | €806 | €15,202 | ▲ 19× |
| Trade debts44 | €2,790 | €13,366 | €4,183 | €12,512 | €14,479 | €17,807 | €8,277 | €8,428 | ▲ 1.8% |
| Suppliers440/4 | - | - | - | €12,512 | €14,479 | €17,807 | €8,277 | €8,428 | ▲ 1.8% |
| Taxes, remuneration and social security45 | - | - | - | €15,897 | €19,869 | €15,130 | €42,085 | €6,598 | ▼ 84.3% |
| Taxes450/3 | - | - | - | €15,897 | €19,869 | €13,130 | €38,605 | €6,598 | ▼ 82.9% |
| Remuneration and social security454/9 | - | - | - | €0 | - | €2,000 | €3,480 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €24,641 | €8,295 | €0 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,225 | €0 | - | €724 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,330 | €19,975 | €36,644 | €24,513 | €5,943 | €1,626 | -€19,765 | -€35,753 | ▼ 80.9% |
| + Depreciation and write-downs630 | €29,542 | €19,569 | €19,820 | €25,504 | €39,370 | €44,154 | €52,469 | €47,336 | ▼ 9.8% |
| Operating cash flow (approximation) | €44,871 | €39,544 | €56,463 | €50,017 | €45,313 | €45,780 | €32,704 | €11,583 | ▼ 64.6% |
| Investment in fixed assets (approximation) | - | €3,092 | -€18,552 | -€78,318 | -€83,331 | €9,721 | -€14,784 | -€3,127 | ▲ 78.8% |
| Change in cash | - | -€2,863 | €37,767 | -€21,803 | -€16,550 | €16,532 | -€16,191 | €3,878 | - |
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, 1,221 companies had the same profile as MP² Consult has now. Two years later, 88.6% were still going and 3.8% had gone bankrupt.
- Micro
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
88.6%
was still going
7.4%
stopped otherwise
3.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MP² Consult itself: 1.3% 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 1,221 companies, not a prediction for MP² Consult. 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 22 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-08-2026 | 2026-00460693 | |
| 31-12-2024 | abbreviated format | 06-08-2025 | 2025-00366268 | |
| 31-12-2023 | micro format | 07-10-2024 | 2024-00498350 | |
| 31-12-2022 | micro format | 29-06-2023 | 2023-00173948 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20350986 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-61100061 | |
| 31-12-2019 | micro format | 17-08-2020 | 2020-42100431 | |
| 31-12-2018 | micro format | 27-08-2019 | 2019-51600550 | |
| 31-12-2017 | micro format | 27-08-2018 | 2018-51000507 | |
| 31-12-2016 | micro format | 10-07-2017 | 2017-29500237 |