MP GROUP
InactiveMP GROUP was declared bankrupt on 31-10-2023 (Ondernemingsrechtbank Antwerpen, afdeling Tongeren); the bankruptcy was closed for insufficient assets by judgment of 18-02-2025, published in the Belgian State Gazette on 24-02-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2020.
Signals
Four signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 4 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline22-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 26-10-2021, 87 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
87 d late
2019
122 d late
← before the deadline
after the deadline →
Financials · fiscal year 2020, micro schema
Equity
€10k▲ 6.6%
2019 · €10k
2018: €19k
2019: €10k
2018 → 2020
Total assets
€56k▼ 13.7%
2019 · €64k
2018: €71k
2019: €64k
2018 → 2020
Net result
€642
2019 · €-9k
2018: €5k
2019: €-9k
2018 → 2020
Working capital
€-21k▲ 27.3%
2019 · €-29k
2018: €-25k
2019: €-29k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€19k-€10k▼ 47.5%€10k▲ 6.6%
Operating result€6k-€-9k€-15k▼ 73.5%
Net result€5k-€-9k€642
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €15k in 2020 against €9k in 2019; the loss grows and 2020 has the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €55k
Fixed assets
€54k▼ 11.4%
Current assets
€953▼ 62.9%
Equity and liabilities €56k
Equity
€10k▲ 6.6%
Debt
€45k▼ 17.4%
The debt ratio falls from 84.8% to 81.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€-6k▼
2019 · €326
Cash flow
€10k▲
2019 · €263
Solvency
18.7%▲
2019 · 15.2%
Current ratio
0.04▼
2019 · 0.08
Quick ratio
0.04▼
2019 · 0.08
Debt / equity
2.24▼
2019 · 2.38
ROE
6.2%▲
2019 · -90.6%
ROA
1.2%▲
2019 · -13.7%
Debt
€45k▼
2019 · €55k
Debt ≤ 1 year
€22k▼
2019 · €31k
Debt > 1 year
€23k=
2019 · €23k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2020 against 2019
Balance sheet
Code20192020
Assets
Total assets20/58€64k€56k▼
Formation expenses20€397€199▼
Fixed assets21/28€61k€54k▼
Tangible fixed assets22/27€61k€54k▼
Current assets29/58€3k€953▼
Amounts receivable within one year40/41€3k€72▼
Cash at bank and in hand54/58€0€881▲
Equity and liabilities
Total equity and liabilities10/49€64k€56k▼
Equity10/15€10k€10k▲
Contributions10/11€19k€19k=
Reserves13€81€81=
Profit (loss) carried forward14€-9k€-8k▲
Amounts payable17/49€55k€45k▼
Amounts payable after more than one year17€23k€23k=
Amounts payable within one year42/48€31k€22k▼
Trade debts44€15k€3k▼
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k▲
Gross operating margin9900€21k€8k▼
Operating profit (loss)9901€-9k€-15k▼
Recurring financial charges65€63€185▲
Profit (loss) for the period before taxes9903€-9k€642▲
Profit (loss) for the period9904€-9k€642▲
Profit (loss) for the period to be appropriated9905€-9k€642▲
Timeline · acts, filings and financial milestones
2025
24-02
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Tongeren-Borgloon · MP GROUP BV PAUWENGRAAF(E) 59, 3630 MAASMECHELEN · event 18-02-2025
2023
07-11
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Tongeren · MP GROUP BV PAUWEN- GRAAF(E) 59, 3630 MAASMECHELEN · event 31-10-2023
2021
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 87 days late
2020
31-12
Financial
Back to profitnet €642
Net result €642 after one loss-making year.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
31-12
Financial
Weakest financial yearnet €-9k ▼274%
Net result drops to €-9k, the lowest in the series.
04-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 96 days late
2018
11-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 103 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
3 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | TOM ARTS JAARBEURSLAAN 19, 3600 GENK- |
31-10-2023 → present |
| Curator | GEERT RENIERS JAARBEURSLAAN 19,
3600 GENK |
31-10-2023 → present |
| Curator | ILONA LO GIUDICE JAAR-
BEURSLAAN 19, 3600 GENK |
31-10-2023 → present |