MP DEVELOPMENT
Dissolved and wound up on 16-04-2026Financials · financial year 2025, micro format
Annual accounts 2025 filed on 26-03-2026 at the NBB all 3 filings
Turnover
≈ €140,000
Estimated: probably between €62,000 and €320,000
Total assets
€8,959▼ 81.6%
2024 · €48,683
Net result
€14,640
2024 · -€2,508
Working capital
€1,187
2024 · -€55,133
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
€15,137
2025
20232025
Net result
€14,640
2025
20232025
Equity
€2,266
2025
20232025
Total assets
€8,959
▼ 81.6%
2025
20232025
Debt
€6,692
▼ 89.0%
2025
20232025
Working capital
€1,187
2025
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result-€14,843--€2,456▲ 83.5%€15,137
Net result-€14,865--€2,508▲ 83.1%€14,640
Equity-€9,865--€12,373▼ 25.4%€2,266
Total assets€71,188-€48,683▼ 31.6%€8,959▼ 81.6%
Debt€81,054-€61,056▼ 24.7%€6,692▼ 89.0%
Working capital-€51,286--€55,133▼ 7.5%€1,187
The operating result for 2025 is a profit of €15,137, after a loss of €2,456 in 2024. It is the highest result since 2023.
Turnover and EBIT margin are not published. The 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 €8,959
Fixed assets
€1,080 ▼ 97.4%
Current assets
€7,879 ▲ 33.0%
Equity and liabilities €8,959
Equity
€2,266
Debt
€6,692
Debt's share of the balance-sheet total is 74.7%.
Key figures and ratios
EBITDA
€15,701▲
2024 · -€2,101
Cash flow
€15,204▲
2024 · -€2,152
Current ratio
1.18▲
2024 · 0.10
Debt to equity
2.95
ROE
645.9%
ROA
163.4%▲
2024 · -5.2%
Interest coverage
over 100▲
2024 · -40.79
Debt ≤ 1 year
€6,692▼
2024 · €61,056
Income taxes
€450
Staff costs
€484
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €40,000 | €1,694 | - |
| Financial fixed assets | - | - | €0 |
| Depreciation and write-downs of the year | €109 | €356 | €565 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €484 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €109 | €356 | €565 | ▲ 58.8% |
| Other operating charges640/8 | - | €787 | €400 | ▼ 49.2% |
| Non-recurring operating charges66A | - | - | €1,115 | - |
| Gross operating margin9900 | -€14,734 | -€1,314 | €17,700 | - |
| Operating profit (loss)9901 | -€14,843 | -€2,456 | €15,137 | - |
| Financial income75/76B | - | - | €1 | - |
| Recurring financial income75 | - | - | €1 | - |
| Financial charges65/66B | €23 | €52 | €48 | ▼ 6.8% |
| Recurring financial charges65 | €23 | €52 | €48 | ▼ 6.8% |
| Profit (loss) for the period before taxes9903 | -€14,865 | -€2,508 | €15,090 | - |
| Income taxes67/77 | - | - | €450 | - |
| Profit (loss) for the period9904 | -€14,865 | -€2,508 | €14,640 | - |
| Profit (loss) for the period to be appropriated9905 | -€14,865 | -€2,508 | €14,640 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €71,188 | €48,683 | €8,959 | ▼ 81.6% |
| Formation expenses20 | €1,421 | €1,115 | €0 | ▼ 100% |
| Fixed assets21/28 | €40,000 | €41,645 | €1,080 | ▼ 97.4% |
| Tangible fixed assets22/27 | €40,000 | €41,645 | €1,080 | ▼ 97.4% |
| Land and buildings22 | €40,000 | €40,000 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €1,645 | €1,080 | ▼ 34.3% |
| Current assets29/58 | €29,767 | €5,923 | €7,879 | ▲ 33.0% |
| Cash at bank and in hand54/58 | €29,767 | €5,923 | €7,879 | ▲ 33.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €71,188 | €48,683 | €8,959 | ▼ 81.6% |
| Equity10/15 | -€9,865 | -€12,373 | €2,266 | - |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | - | - | €4,500 | - |
| Distributable reserves133 | - | - | €4,500 | - |
| Profit (loss) carried forward14 | -€14,865 | -€17,373 | -€7,234 | ▲ 58.4% |
| Amounts payable17/49 | €81,054 | €61,056 | €6,692 | ▼ 89.0% |
| Amounts payable within one year42/48 | €81,054 | €61,056 | €6,692 | ▼ 89.0% |
| Trade debts44 | €4,054 | €502 | €6,242 | ▲ 12× |
| Suppliers440/4 | €4,054 | €502 | €6,242 | ▲ 12× |
| Taxes, remuneration and social security45 | - | - | €450 | - |
| Taxes450/3 | - | - | €450 | - |
| Other amounts payable47/48 | €77,000 | €60,554 | €0 | ▼ 100% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€14,865 | -€2,508 | €14,640 | - |
| + Depreciation and write-downs630 | €109 | €356 | €565 | ▲ 58.8% |
| Operating cash flow (approximation) | -€14,756 | -€2,152 | €15,204 | - |
| Investment in fixed assets (approximation) | - | -€2,000 | €40,000 | - |
| Change in cash | - | -€23,844 | €1,956 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.