MP LOGISTIC
ActiveSummary
The computed 12-month bankruptcy probability of MP LOGISTIC is 5.4% (elevated). The annual accounts of MP LOGISTIC for financial year 2024 show a net loss of 69% of the equity at the start of that year. The 2024 annual accounts show equity of €8,430 and a net result of -€18,777. Equity grew by about 13% per year on average since 2018. In 2024 it fell by 69%. Its solvency ranks better than 23% of 6,612 sector peers (NACE 49, financial year 2024). The company has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 29-04-2011 Normal situation
- Activity
- Freight transport by road NACE 49410and 4 others
- Establishment unit
- 2.199.168.558 1000 Brussels, since 29-04-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 12-01-2026
Board and ownership
- Agacbekler RemziDirector · since 28-12-2023
- Ince AdileDirector · since 28-12-2023
- INCE Adile136 sharesdeed of 12-07-2022
- SALIM Erdinch10 sharesdeed of 12-07-2022
- AGACBEKLER Remzi40 sharesdeed of 12-07-2022
Financial position
- Bankruptcy probabilitywithin 12 months
- 5.4%
- Gross margin
- -€11,022
- Loss
- €18,777
- Equity
- €8,430
- ▼ 69.0%
- Total assets
- €80,527
- ▼ 19.1%
- 2025 accounts not filed, 97 days past the deadline
Score breakdownraises riskFigures for financial year 2024 (filed on 25-07-2025)Liquidity: current ratio 1.19, cash €141 financial year not filed after the legal deadline; 1 of the last 3 accounts latelowers riskSize: total assets €80,527Show the evidence
Checked score
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 49, micro). It does better than 22% of them on solvency, 6% on liquidity, 6% on profitability and 9% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 6 accounts on average 8 days after the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 5 November 2026.
Annual accounts 2024 filed on 24-07-2025 PDF all 14 filings
Every figure per financial year
The operating result for 2024 is a loss of €11,409, after a profit of €6,934 in 2023. It is the lowest result since 2018.
Turnover and EBIT margin are not published. The micro format does not require them.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €1,451 | €934 | €795 | - | - |
| Other operating charges640/8 | - | - | - | €3,392 | €4,049 | €1,776 | €387 | ▼ 78.2% |
| Gross operating margin9900 | €15,675 | €13,021 | €15,543 | €12,059 | €16,329 | €9,505 | -€11,022 | - |
| Operating profit (loss)9901 | €13,483 | €10,606 | €10,820 | €7,216 | €11,346 | €6,934 | -€11,409 | - |
| Financial income75/76B | - | - | - | €2 | €0 | - | - | - |
| Recurring financial income75 | - | €786 | €5 | €2 | €0 | - | - | - |
| Financial charges65/66B | - | - | - | €241 | €2,315 | €5,272 | €7,368 | ▲ 39.8% |
| Recurring financial charges65 | €4,190 | €4,590 | €5,272 | €241 | €2,315 | €5,272 | €7,368 | ▲ 39.8% |
| Profit (loss) for the period before taxes9903 | €9,293 | €6,801 | €5,553 | €6,977 | €9,031 | €1,662 | -€18,777 | - |
| Income taxes67/77 | - | €346 | €1,666 | €1,915 | €2,487 | €547 | - | - |
| Profit (loss) for the period9904 | €9,293 | €6,456 | €3,887 | €5,063 | €6,544 | €1,115 | -€18,777 | - |
| Profit (loss) for the period to be appropriated9905 | €9,293 | €6,456 | €3,887 | €5,063 | €6,544 | €1,115 | -€18,777 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €81,828 | €194,399 | €151,032 | €97,931 | €109,386 | €99,544 | €80,527 | ▼ 19.1% |
| Current assets29/58 | €81,828 | €194,399 | €151,032 | €97,931 | €109,386 | €99,544 | €80,527 | ▼ 19.1% |
| Stocks and contracts in progress3 | €19,856 | €9,856 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €61,673 | €184,224 | €147,829 | €97,892 | €109,367 | €99,542 | €80,513 | ▼ 19.1% |
| Trade receivables40 | - | - | - | €97,892 | €109,367 | €97,042 | €78,067 | ▼ 19.6% |
| Other amounts receivable41 | - | - | - | - | - | €2,500 | €2,446 | ▼ 2.2% |
| Cash at bank and in hand54/58 | €299 | €319 | €3,202 | €39 | €19 | €2 | €14 | ▲ 579% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €81,828 | €194,399 | €151,032 | €97,931 | €109,386 | €99,544 | €80,527 | ▼ 19.1% |
| Equity10/15 | €4,143 | €10,598 | €14,485 | €19,548 | €26,092 | €27,207 | €8,430 | ▼ 69.0% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €467 | €4,398 | €8,285 | €13,348 | €19,892 | €21,007 | €2,230 | ▼ 89.4% |
| Non-distributable reserves130/1 | - | - | - | €790 | €790 | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €790 | €790 | €0 | - | - |
| Distributable reserves133 | - | - | - | €12,558 | €19,103 | €21,007 | €2,230 | ▼ 89.4% |
| Profit (loss) carried forward14 | -€2,524 | - | - | - | - | - | - | - |
| Amounts payable17/49 | €77,685 | €183,801 | €136,547 | €78,383 | €83,294 | €72,337 | €72,097 | ▼ 0.3% |
| Amounts payable after more than one year17 | - | €1,014 | €0 | - | - | - | €4,500 | - |
| Other amounts payable178/9 | - | - | - | - | - | - | €4,500 | - |
| Amounts payable within one year42/48 | €77,685 | €182,787 | €136,547 | €78,383 | €83,294 | €72,337 | €67,597 | ▼ 6.6% |
| Trade debts44 | €21,607 | €9,163 | €1,986 | €2,046 | €2,871 | €2,994 | €5,581 | ▲ 86.4% |
| Suppliers440/4 | - | - | - | €2,046 | €2,871 | €2,994 | €5,581 | ▲ 86.4% |
| Advances received on contracts in progress46 | - | - | - | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €21,337 | €24,223 | €13,144 | €5,816 | ▼ 55.7% |
| Taxes450/3 | - | - | - | €20,137 | €24,223 | €13,144 | €5,816 | ▼ 55.7% |
| Remuneration and social security454/9 | - | - | - | €1,200 | €0 | - | - | - |
| Other amounts payable47/48 | - | - | - | €55,000 | €56,200 | €56,200 | €56,200 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,293 | €6,456 | €3,887 | €5,063 | €6,544 | €1,115 | -€18,777 | - |
| Operating cash flow (approximation) | €9,293 | €6,456 | €3,887 | €5,063 | €6,544 | €1,115 | -€18,777 | - |
| Change in cash | - | €20 | €2,883 | -€3,164 | -€20 | -€17 | €12 | - |
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, 1,294 companies had the same profile as MP LOGISTIC has now. Two years later, 89.6% were still going and 4.1% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MP LOGISTIC itself is higher: 5.4% within 12 months. It rests on far more data about MP LOGISTIC than the profile alone.
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 1,294 companies, not a prediction for MP LOGISTIC. 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 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 24-07-2025 | 2025-00310509 | |
| 31-12-2023 | micro format | 10-09-2024 | 2024-00457685 | |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00419521 | |
| 31-12-2021 | micro format | 04-08-2022 | 2022-20273021 | |
| 31-12-2020 | micro format | 10-08-2021 | 2021-47300570 | |
| 31-12-2019 | micro format | 29-06-2020 | 2020-23600042 | |
| 31-12-2018 | micro format | 03-09-2019 | 2019-63100062 | |
| 31-12-2017 | micro format | 26-06-2018 | 2018-25700073 | |
| 31-12-2016 | micro format | 29-06-2017 | 2017-25000582 | |
| 31-12-2015 | abbreviated format | 30-06-2016 | 2016-23300380 |
Board & ownership
Directors
Owners and capital
Shareholders
- INCE Adile 136 shares
- SALIM Erdinch 10 shares
- AGACBEKLER Remzi 40 shares
- HRISTOV Rumen to INCE Adile 10 shares
Capital transactions
- 04-03-2024 Converted to unavailable equity
- 12-07-2022 Capital stated in the deed · 186 shares
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Agacbekler Remzi |
|
| Ince Adile |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Frais procédure et expertise pour moitié à charge cédant et moitié à charge acquéreurs proportionnellement nombre actions acquises s’ils…”
Articles of association, deed of 04-03-2024 (in French)
Network & group
MP LOGISTIC shares no director with another company.
Companies at the same address
3 other companiesConnections & network
2 current directorsThe network starts from the directors of MP LOGISTIC. Every other company they run is a node.
Timeline
Deeds, filings and financial milestones
04-03
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointmentsGeneral meeting of 28-12-20233 points ▸
- General meeting, 28-12-2023
- 186 shares
- Power of attorney, Joost DE POTTER
- The deed holds 4 more points.
12-07
Gazette deed
Transfer of 10 shares from HRISTOV Rumen to INCE AdileINCE Adile holds 136 shares · SALIM Erdinch holds 10 shares · AGACBEKLER Remzi holds 40 shares6 points ▸
- General meeting, 30-06-2022
- Share transfer, HRISTOV Rumen → INCE Adile, 10 shares
- INCE Adile holds 136 shares
- SALIM Erdinch holds 10 shares
- AGACBEKLER Remzi holds 40 shares
- 186 shares
- The deed holds 1 more point.
03-11
Gazette deed
Withdrawals: PANCHEV Arseni, SABRI Dincher and FEHMI GyurselTransfer of shares from PANCHEV Arseni to AGACBEKLER Remzi · Transfer of shares from SABRI Dincher to AGACBEKLER Remzi · Transfer of shares from FEHMI Gyursel to AGACBEKLER Remzi12 points ▸
- General meeting, 30-09-2021
- Member resignation, PANCHEV Arseni (partner)
- Member resignation, SABRI Dincher (partner)
- Member resignation, FEHMI Gyursel (partner)
- Share transfer, PANCHEV Arseni → AGACBEKLER Remzi
- Share transfer, SABRI Dincher → AGACBEKLER Remzi
- Share transfer, FEHMI Gyursel → AGACBEKLER Remzi
- INCE Adile holds 126 shares
- SALIM Erdinch holds 10 shares
- AGACBEKLER Remzi holds 40 shares
- HRISTOV Rumen holds 10 shares
- 186 shares
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
5 activities
- Le transport national et international par terre,air,mer de marchandises
- Le déménagement,et le montage démontage de meubles,le stockage et l'entreposage de meubles
- L'achat,la vente,la location,la gérance,le courtage et l'entretien d'immeubles,I 'entreprise de nettoyage et de désinfection de bâtiments
- La coordination de travaux,l'architecture et la décoration d'intérieur,l'entreprise générale du bâtiment sous toutes ses formes,notamment la pose de parquets et d'autres revêtements de sols en bois,de moquettes,linoléum,caoutchoucs,matières plastiques,la construction,la transformation,la rénovation,l'entreprise de zinguerie et de couvertures métalliques et non métalliques,l'installation de chauffage au gaz,l'installation de frigoriste,l'isolation thermique et acoustique,l'installation sanitaire et de plomberie,l'entreprise de vitrage,l'électricité,la pose de carrelages,la maçonnerie,le béton,le plafonnage,le cimentage,l'installation de chauffage central,le rejointoyage,le jointoyage,le sablage de façade,le montage de cuisines équipées,la menuiserie,la charpenterie,la fabrication et l'installation d'enseignes lumineuses,l'entreprise d'étanchéité,de constructions,l'entreprise de travaux de démolition,la peinture industrielle,la pose de faux plafonds,etc ...
- L'achat,la vente,l'importation,l'exportation de matériaux divers et du bâtiment
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21813E0094/00N010 | Brussels | 808 m² | 1 · 805 m² | 15.2 m · 4 |