MP Fleet Services
ActiveSummary
MP Fleet Services has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €225,599 and a net result of €66,462. Equity is growing by ~40.8% per year across the filed fiscal years. Its solvency ranks better than 82% of 731 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability96▼-4
Solvency99▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity ample (current ratio 5.27 against 15.71 in 2024; short-term debt: 13.2% and cash: 56.8% of total assets), and 25.9% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% 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
74.1%
Return on assets
21.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
35 d early
2023
19 d early
2022
56 d early
2021
48 d early
2020
23 d late
2019
17 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 21 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.
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. Usually files around 26 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€225,599▲ 41.8%
2024 · €159,137
Total assets
€304,622▲ 79.5%
2024 · €169,694
Net result
€66,462▼ 21.9%
2024 · €85,106
Working capital
€172,270▲ 10.9%
2024 · €155,290
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€289,799€54,067▼ 81.3%€14,321▼ 73.5%€86,040▲ 501%€67,548▼ 21.5%
Net result€281,939above the sector's middle half€52,470within the sector's middle half▼ 81.4%€13,069within the sector's middle half▼ 75.1%€85,106within the sector's middle half▲ 551%€66,462within the sector's middle half▼ 21.9%
Equity€8,492below the sector's middle half€60,962below the sector's middle half▲ 618%€74,031below the sector's middle half▲ 21.4%€159,137within the sector's middle half▲ 115%€225,599within the sector's middle half▲ 41.8%
Total assets€257,633below the sector's middle half▲ 152%€127,444below the sector's middle half▼ 50.5%€120,025below the sector's middle half▼ 5.8%€169,694below the sector's middle half▲ 41.4%€304,622below the sector's middle half▲ 79.5%
Debt€249,141▼ 33.7%€66,482▼ 73.3%€45,994▼ 30.8%€10,557▼ 77.0%€79,024▲ 649%
Working capital-€17,427below the sector's middle half▲ 90.8%€41,706within the sector's middle half€63,697within the sector's middle half▲ 52.7%€155,290within the sector's middle half▲ 144%€172,270within the sector's middle half▲ 10.9%
Solvency3.3%below the sector's middle half▲ 271.2pp47.8%within the sector's middle half▲ 44.5pp61.7%within the sector's middle half▲ 13.8pp93.8%above the sector's middle half▲ 32.1pp74.1%above the sector's middle half▼ 19.7pp
Current ratio0.92below the sector's middle half▲ 0.791.63within the sector's middle half▲ 0.702.38within the sector's middle half▲ 0.7615.71above the sector's middle half▲ 13.325.27above the sector's middle half▼ 10.44
Return on assets (ROA)109.4%above the sector's middle half▲ 190.5pp41.2%above the sector's middle half▼ 68.3pp10.9%within the sector's middle half▼ 30.3pp50.2%above the sector's middle half▲ 39.3pp21.8%above the sector's middle half▼ 28.3pp
Staff (FTE)0.8below the sector's middle half▼ 20.0%0.8below the sector's middle half=1below the sector's middle half▲ 25.0%0.1below the sector's middle half▼ 90.0%0.1below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings.
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 21% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €304,622
Fixed assets
€92,039 ▲ 2,292%
Current assets
€212,583 ▲ 28.2%
Equity and liabilities €304,622
Equity
€225,599 ▲ 41.8%
Debt
€79,024 ▲ 649%
Debt's share of the balance-sheet total rises from 6.2% to 25.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€71,772▼
2024 · €89,969
Cash flow
€70,686▼
2024 · €89,035
Quick ratio
4.97▼
2024 · 15.71
Debt to equity
0.35▲
2024 · 0.07
ROE
29.5%▼
2024 · 53.5%
Interest coverage
66.07▼
2024 · 97.88
Debt ≤ 1 year
€40,314▲
2024 · €10,557
Debt > 1 year
€38,667
Income taxes
€0▼
2024 · €15
Staff costs
€5,532▲
2024 · €4,324
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,696 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €777 | - | - | €175 | - |
| Remuneration, social security and pensions62 | €12,326 | €31,214 | €49,046 | €4,324 | €5,532 | ▲ 28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37,675 | €24,558 | €12,014 | €3,929 | €4,224 | ▲ 7.5% |
| Other operating charges640/8 | €13,114 | €868 | €1,051 | €868 | €815 | ▼ 6.1% |
| Non-recurring operating charges66A | - | - | - | €2,061 | €0 | ▼ 100% |
| Gross operating margin9900 | €352,914 | €110,707 | €76,432 | €97,222 | €78,119 | ▼ 19.6% |
| Operating profit (loss)9901 | €289,799 | €54,067 | €14,321 | €86,040 | €67,548 | ▼ 21.5% |
| Financial charges65/66B | €7,741 | €1,481 | €1,087 | €919 | €1,086 | ▲ 18.2% |
| Recurring financial charges65 | €7,741 | €1,481 | €1,087 | €919 | €1,086 | ▲ 18.2% |
| Profit (loss) for the period before taxes9903 | €282,059 | €52,586 | €13,233 | €85,121 | €66,462 | ▼ 21.9% |
| Income taxes67/77 | €120 | €116 | €164 | €15 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €281,939 | €52,470 | €13,069 | €85,106 | €66,462 | ▼ 21.9% |
| Profit (loss) for the period to be appropriated9905 | €281,939 | €52,470 | €13,069 | €85,106 | €66,462 | ▼ 21.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €257,633 | €127,444 | €120,025 | €169,694 | €304,622 | ▲ 79.5% |
| Fixed assets21/28 | €43,814 | €19,256 | €10,333 | €3,847 | €92,039 | ▲ 2,292% |
| Intangible fixed assets21 | €35,923 | €14,032 | €5,383 | €3,000 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €7,890 | €5,224 | €4,950 | €847 | €92,039 | ▲ 10,766% |
| Plant, machinery and equipment23 | - | - | - | - | €26,230 | - |
| Furniture and vehicles24 | €7,890 | €5,224 | €4,950 | €847 | €65,809 | ▲ 7,669% |
| Current assets29/58 | €213,819 | €108,188 | €109,692 | €165,847 | €212,583 | ▲ 28.2% |
| Stocks and contracts in progress3 | - | - | - | - | €12,268 | - |
| Stocks30/36 | - | - | - | - | €12,268 | - |
| Amounts receivable within one year40/41 | €3,972 | €72,119 | €55,764 | €37,551 | €23,128 | ▼ 38.4% |
| Trade receivables40 | €3,972 | €72,119 | €47,699 | €29,505 | €10,300 | ▼ 65.1% |
| Other amounts receivable41 | - | - | €8,064 | €8,047 | €12,828 | ▲ 59.4% |
| Cash at bank and in hand54/58 | €208,016 | €33,723 | €51,386 | €125,996 | €173,082 | ▲ 37.4% |
| Deferred charges and accrued income490/1 | €1,830 | €2,345 | €2,543 | €2,300 | €4,105 | ▲ 78.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €257,633 | €127,444 | €120,025 | €169,694 | €304,622 | ▲ 79.5% |
| Equity10/15 | €8,492 | €60,962 | €74,031 | €159,137 | €225,599 | ▲ 41.8% |
| Contributions10/11 | €283,550 | €283,550 | €283,550 | €283,550 | €283,550 | = |
| Profit (loss) carried forward14 | -€275,058 | -€222,588 | -€209,519 | -€124,413 | -€57,951 | ▲ 53.4% |
| Amounts payable17/49 | €249,141 | €66,482 | €45,994 | €10,557 | €79,024 | ▲ 649% |
| Amounts payable after more than one year17 | €17,894 | - | - | - | €38,667 | - |
| Financial debts170/4 | €17,894 | - | - | - | €38,667 | - |
| Amounts payable within one year42/48 | €231,246 | €66,482 | €45,994 | €10,557 | €40,314 | ▲ 282% |
| Current portion of amounts payable after more than one year42 | €30,431 | €17,894 | - | - | €19,333 | - |
| Trade debts44 | €5,938 | €1,872 | €3,192 | €2,365 | €13,582 | ▲ 474% |
| Suppliers440/4 | €5,938 | €1,872 | €3,192 | €2,365 | €13,582 | ▲ 474% |
| Taxes, remuneration and social security45 | €69,095 | €15,245 | €12,740 | €8,192 | €7,399 | ▼ 9.7% |
| Taxes450/3 | €69,095 | €9,314 | €3,467 | €8,192 | €2,788 | ▼ 66.0% |
| Remuneration and social security454/9 | - | €5,931 | €9,273 | €0 | €4,611 | - |
| Other amounts payable47/48 | €125,783 | €31,471 | €30,063 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €43 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €281,939 | €52,470 | €13,069 | €85,106 | €66,462 | ▼ 21.9% |
| + Depreciation and write-downs630 | €37,675 | €24,558 | €12,014 | €3,929 | €4,224 | ▲ 7.5% |
| Operating cash flow (approximation) | €319,613 | €77,028 | €25,083 | €89,035 | €70,686 | ▼ 20.6% |
| Investment in fixed assets (approximation) | - | €0 | -€3,092 | €2,557 | -€92,416 | ▼ 3,714% |
| Change in cash | - | -€174,293 | €17,662 | €74,610 | €47,086 | ▼ 36.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €200,000Eq €225,599 ▲41.8%
5 profitable years in a row build equity to €225,599.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity times 7current ratio 15.71
Current ratio from 2.38 to 15.71; short-term debt falls from €45,994 to €10,557.
31-12
Financial
Equity above €150,000Eq €159,137 ▲115%
4 profitable years in a row build equity to €159,137.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €281,939
Net result €281,939 after 3 loss-making years.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 23 days late
2020
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 17 days late
2019
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 14 days late
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
10-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 acts for this company are 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, Gingelom · 1 establishment unit since 2015
Ground area
2,717 m²
Building footprint
608 m²
Volume, LiDAR
3,053 m³
Parcel 71044B0518/00E000, Flanders · tallest building 6.0 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
MP Fleet Services
since 20152.246.126.456
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71044B0518/00E000 | Flanders | 2,717 m² | 1 · 608 m² | 6.0 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.
Structure & network
Owners and holdings
1 ownerChain of control
- THE OAK - MANAGEMENT AND CONSULTANCY
- MP Fleet Services
Highest known parent: THE OAK - MANAGEMENT AND CONSULTANCY. The sources do not say who stands above it.
Owners 1
-
96.48%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 1,079 EUR awarded · 1,079 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 486 EUR | 1,079 EUR |
| 2022 | 1 | 593 EUR | 0 EUR |
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Of 3,187 companies in sector 52250 we hold annual accounts for 1,963. 1,472 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
Founded02-07-2015
Fiscal year end31-12
Activities, NACEBEL 2025
52250Logistics services
62100Computer programming
46180Agents specialised in the wholesale of other particular products
49310Scheduled passenger transport by road
49320Non-scheduled passenger transport by road
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0632989039
Registered
09-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.