Summary
MP Massart is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €450,426 and a net result of €102,640. Equity is growing by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 67% of 1534 sector peers (fiscal year 2025). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
What they do
Insurance agents and brokers
NACE 66220
2 sites
How big
€777,007total assets 2025
- Staff
- 1 FTE
- Equity
- €450,426
- Profit
- €102,640
Turnover not published (abridged schema)
Financially healthy?
Financial institution: outside the modelProbability: sector outside the model
Who decides
Accounts filed 23 d late0 of 2 deeds read
SignalsA punctual record breaksShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · A punctual record breaks
This company filed 7 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-08-2026, 23 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
23 d late
2024
on the day
2023
on the day
2022
7 d early
2021
17 d early
2020
5 d early
2019
4 d early
← 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 1 day before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 39% 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 31 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Highest result since 2018net €102,640 ▲36.6%
- Annual accounts filedfiscal year 2024 · micro…
Financials
Fiscal year 2025Total assets €777,007Profit €102,640Solvency 58.0%Liquidity 1.71
Total assets
€777,007▲ 17.8%
2018 - 2025
Net result
€102,640▲ 36.6%
2018 - 2025
Equity
€450,426▼ 12.2%
2018 - 2025
Staff (FTE)
1=
2018 - 2025
Financials · fiscal year 2025, abbreviated schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€66,907▲ 7.6%€96,536▲ 44.3%€90,291▼ 6.5%€133,803▲ 48.2%€160,058▲ 19.6%
Net result€48,556within the sector's middle half▲ 10.3%€63,669within the sector's middle half▲ 31.1%€74,094above the sector's middle half▲ 16.4%€75,112within the sector's middle half▲ 1.4%€102,640within the sector's middle half▲ 36.6%
Equity€398,911above the sector's middle half▲ 1.4%€436,580above the sector's middle half▲ 9.4%€472,674above the sector's middle half▲ 8.3%€512,786above the sector's middle half▲ 8.5%€450,426within the sector's middle half▼ 12.2%
Total assets€530,189within the sector's middle half▼ 0.2%€618,980within the sector's middle half▲ 16.7%€637,826within the sector's middle half▲ 3.0%€659,630within the sector's middle half▲ 3.4%€777,007within the sector's middle half▲ 17.8%
Debt€131,278▼ 4.9%€182,400▲ 38.9%€165,151▼ 9.5%€146,844▼ 11.1%€326,582▲ 122%
Working capital€209,564above the sector's middle half▲ 8.9%€212,525above the sector's middle half▲ 1.4%€247,832above the sector's middle half▲ 16.6%€285,033above the sector's middle half▲ 15.0%€226,787within the sector's middle half▼ 20.4%
Solvency75.2%above the sector's middle half▲ 1.2pp70.5%within the sector's middle half▼ 4.7pp74.1%within the sector's middle half▲ 3.6pp77.7%above the sector's middle half▲ 3.6pp58.0%within the sector's middle half▼ 19.8pp
Current ratio4.62above the sector's middle half▼ 0.572.97within the sector's middle half▼ 1.653.14within the sector's middle half▲ 0.173.32within the sector's middle half▲ 0.181.71within the sector's middle half▼ 1.62
Return on assets (ROA)9.2%within the sector's middle half▲ 0.9pp10.3%within the sector's middle half▲ 1.1pp11.6%within the sector's middle half▲ 1.3pp11.4%within the sector's middle half▼ 0.2pp13.2%within the sector's middle half▲ 1.8pp
Staff (FTE)1▲ 25.0%1=1=1=1below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 20% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €777,007
Fixed assets
€229,295 ▼ 9.0%
Current assets
€547,712 ▲ 34.3%
Equity and liabilities €777,007
Equity
€450,426 ▼ 12.2%
Debt
€326,582 ▲ 122%
Debt's share of the balance-sheet total rises from 22.3% to 42.0%. Equity is lower and debt is higher.
Key figures and ratios
Key figures and ratios
ROE
22.8%▲
2024 · 14.6%
Debt ≤ 1 year
€320,925▲
2024 · €122,757
Debt > 1 year
€3,227▼
2024 · €22,887
Income taxes
€57,866▲
2024 · €40,527
Staff costs
€27,509▲
2024 · €26,447
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €30,779 | - | - | - | - |
| Remuneration, social security and pensions62 | €21,616 | €22,074 | €24,704 | €26,447 | €27,509 | ▲ 4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,219 | €27,527 | €25,222 | €25,153 | €25,714 | ▲ 2.2% |
| Other operating charges640/8 | €2,019 | €1,955 | €2,491 | €1,561 | €1,770 | ▲ 13.3% |
| Gross operating margin9900 | €120,761 | €148,091 | €142,708 | €186,964 | €215,051 | ▲ 15.0% |
| Operating profit (loss)9901 | €66,907 | €96,536 | €90,291 | €133,803 | €160,058 | ▲ 19.6% |
| Financial income75/76B | €95 | €22 | - | €709 | €2,895 | ▲ 308% |
| Recurring financial income75 | €95 | €22 | - | €709 | €2,895 | ▲ 308% |
| Financial charges65/66B | €3,517 | €4,062 | €1,197 | €18,874 | €2,447 | ▼ 87.0% |
| Recurring financial charges65 | €3,517 | €4,062 | €1,197 | €18,874 | €2,447 | ▼ 87.0% |
| Profit (loss) for the period before taxes9903 | €63,486 | €92,496 | €89,094 | €115,638 | €160,506 | ▲ 38.8% |
| Income taxes67/77 | €14,929 | €28,827 | €15,000 | €40,527 | €57,866 | ▲ 42.8% |
| Profit (loss) for the period9904 | €48,556 | €63,669 | €74,094 | €75,112 | €102,640 | ▲ 36.6% |
| Transfer from tax-exempt reserves789 | €17,915 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €66,471 | €63,669 | €74,094 | €75,112 | €102,640 | ▲ 36.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €530,189 | €618,980 | €637,826 | €659,630 | €777,007 | ▲ 17.8% |
| Fixed assets21/28 | €262,729 | €298,799 | €274,391 | €251,840 | €229,295 | ▼ 9.0% |
| Intangible fixed assets21 | €6,000 | - | - | - | - | - |
| Tangible fixed assets22/27 | €256,729 | €298,799 | €274,391 | €251,840 | €229,295 | ▼ 9.0% |
| Land and buildings22 | €232,504 | €224,633 | €216,763 | €209,061 | €201,359 | ▼ 3.7% |
| Plant, machinery and equipment23 | €16,544 | €13,689 | €10,835 | €9,680 | €6,651 | ▼ 31.3% |
| Furniture and vehicles24 | €467 | €60,476 | €46,793 | €33,099 | €21,285 | ▼ 35.7% |
| Leasing and similar rights25 | €7,214 | - | - | - | - | - |
| Current assets29/58 | €267,460 | €320,181 | €363,434 | €407,790 | €547,712 | ▲ 34.3% |
| Amounts receivable within one year40/41 | €3,238 | - | - | - | - | - |
| Other amounts receivable41 | €3,238 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €261,222 | €317,181 | €360,426 | €407,790 | €547,712 | ▲ 34.3% |
| Deferred charges and accrued income490/1 | €3,000 | €3,000 | €3,008 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €530,189 | €618,980 | €637,826 | €659,630 | €777,007 | ▲ 17.8% |
| Equity10/15 | €398,911 | €436,580 | €472,674 | €512,786 | €450,426 | ▼ 12.2% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Outside capital11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Other1109/19 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €212,000 | €249,000 | €281,000 | €321,000 | €256,000 | ▼ 20.2% |
| Non-distributable reserves130/1 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Tax-exempt reserves132 | €9,000 | €9,000 | €9,000 | €9,000 | €9,000 | = |
| Distributable reserves133 | €201,000 | €238,000 | €270,000 | €310,000 | €245,000 | ▼ 21.0% |
| Profit (loss) carried forward14 | €166,911 | €167,580 | €171,674 | €171,786 | €174,426 | ▲ 1.5% |
| Amounts payable17/49 | €131,278 | €182,400 | €165,151 | €146,844 | €326,582 | ▲ 122% |
| Amounts payable after more than one year17 | €73,381 | €73,544 | €48,369 | €22,887 | €3,227 | ▼ 85.9% |
| Financial debts170/4 | €73,381 | €73,544 | €48,369 | €22,887 | €3,227 | ▼ 85.9% |
| Amounts payable within one year42/48 | €57,897 | €107,656 | €115,602 | €122,757 | €320,925 | ▲ 161% |
| Current portion of amounts payable after more than one year42 | €17,531 | €24,871 | €25,175 | €25,482 | €19,660 | ▼ 22.8% |
| Trade debts44 | €366 | €5,752 | €2,641 | €1,580 | €934 | ▼ 40.9% |
| Suppliers440/4 | €366 | €5,752 | €2,641 | €1,580 | €934 | ▼ 40.9% |
| Taxes, remuneration and social security45 | - | €20,000 | €20,000 | €12,000 | €49,866 | ▲ 316% |
| Taxes450/3 | - | €20,000 | €20,000 | €12,000 | €49,866 | ▲ 316% |
| Other amounts payable47/48 | €40,000 | €57,034 | €67,787 | €83,695 | €250,464 | ▲ 199% |
| Accrued charges and deferred income492/3 | - | €1,200 | €1,180 | €1,200 | €2,430 | ▲ 103% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €48,556 | €63,669 | €74,094 | €75,112 | €102,640 | ▲ 36.6% |
| + Depreciation and write-downs630 | €30,219 | €27,527 | €25,222 | €25,153 | €25,714 | ▲ 2.2% |
| Operating cash flow (approximation) | €78,775 | €91,196 | €99,316 | €100,264 | €128,354 | ▲ 28.0% |
| Investment in fixed assets (approximation) | - | -€63,597 | -€815 | -€2,601 | -€3,170 | ▼ 21.9% |
| Change in cash | - | €55,959 | €43,245 | €47,365 | €139,922 | ▲ 195% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Of 4,683 companies in this sector we hold annual accounts for 3,222. 2,626 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
13 eventsLatest 23-08-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 23 days late
2025
31-12
Financial
Highest result since 2018net €102,640 ▲36.6%
Operating result €160,058, net result €102,640, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €500,000Eq €512,786 ▲8.5%
7 profitable years in a row build equity to €512,786.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €38,939 ▼6.5%
Net result drops to €38,939, the lowest in the series; recovery starts the following year.
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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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Company details
Private limited company (pre-2019) · founded 19-07-2012Year ends 31-12Peppol not found2 sites
Register details
Identification
Legal formPrivate limited company (pre-2019)
Founded19-07-2012
Fiscal year end31-12
Abbreviation NL
-
Activities, NACEBEL 2025
66220Insurance agents and brokers
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Beersel · 2 establishment units since 2012
Ground area
1,488 m²
Building footprint
322 m²
Volume, LiDAR
1,492 m³
2 parcels, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
MP MASSART BVBA
since 2012unit no. 2.212.222.382
MP Massart
since 2017unit no. 2.319.706.993
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23017D0295/00A002 | Flanders | 966 m² | 1 · 137 m² | 7.5 m · 2 fl. |
| 22004C0107/00V002 | Flanders | 522 m² | 1 · 185 m² | 6.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What changed in the latest annual accounts?What changed Is the workforce growing, and do people stay?Employer check
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