Turnover
≈ €130,000 estimated
The micro format states no turnover.
MP Solution
Lifetime
1 annual account with figurespeak €15,540 (2025)
€15,540
peak €8,463 (2025)
€8,463
peak €9,463 (2025)
€9,463
€10,060
Board1 name since 2024
1 directorMatthias Paelinck
Documentsfilings and deeds
29-06-202632 days before the deadline
2025micro format
First year with figures
Key points
from the 2025 annual accountsPosition in the sector
€9,463
Less equity than 84% of companies in specialised construction. Sector median €57,691 · 35,148 companies.
Checked score
72
Healthy
Financially stronger than 72% of micro companies in specialised construction (NACE 43)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
05-2025: 1.9%
06-2025: 1.9%● unchanged vs 05-2025
07-2025: 1.9%● unchanged vs 06-2025
08-2025: 2.3%▲ +0.4 percentage points vs 07-2025
09-2025: 2.4%▲ +0.1 percentage points vs 08-2025
10-2025: 2.7%▲ +0.3 percentage points vs 09-2025
11-2025: 2.7%● unchanged vs 10-2025
12-2025: 3.0%▲ +0.3 percentage points vs 11-2025
01-2026: 3.0%● unchanged vs 12-2025
02-2026: 2.9%▼ -0.1 percentage points vs 01-2026
03-2026: 3.0%▲ +0.1 percentage points vs 02-2026
04-2026: 3.3%▲ +0.3 percentage points vs 03-2026
05-2026: 3.3%● unchanged vs 04-2026highest value
06-2026: 3.3%● unchanged vs 05-2026highest value
07-2026: 3.3%● unchanged vs 06-2026highest value
08-2026: 3.3%● unchanged vs 07-2026highest value
09-2026: 3.3%● unchanged vs 08-2026highest value
10-2026: 0.6%▼ -2.7 percentage points vs 09-2026lowest value
11-2026: 0.6%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Founded in 2024
Size: total assets €19,523
lowers risk
Liquidity: current ratio 1.94, cash €10,116
Equity €9,463 (48.5% of total assets)
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 43, micro). It does better than 52% of them on solvency, 72% on liquidity and 92% on profitability.
The bankruptcy probability was computed on 10-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as MP Solution has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MP Solution itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,447 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 39,278 companies, not a prediction for MP Solution. 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.
Credit verdict
Credit of up to €500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.94, above the usual 1.5. Short-term debt is 51.5% and cash 51.8% of total assets. However, 51.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 29-06-2026, 32 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
32 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Board and ownership
- Matthias Paelinck general partnerdeed of 03-05-2024
- Chloë Keyen limited partnerdeed of 03-05-2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1008933820
Amendment of the articles · Legal-form change · Resignations & appointments
Legal-form conversion: from limited partnership to private limited company · General meeting of 30-03-2026 · Gazette deed
Incorporation
Founders: Matthias Paelinck (general partner) and Chloë Keyen (limited partner) · Appointment: Matthias Paelinck (manager) · Partner: Matthias Paelinck (general partner) · published on 03-05-2024 · Gazette deed
First establishment
Mosseveldstraat 24, Berlare
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MP Solution Berlare | €19,523 | €15,540 | 48.5% | - |
| MBZ GROUP Zele | €20,478 | €12,483 | 58.7% | - |
| Barios Tech Lokeren | €23,434 | €17,018 | 59.3% | - |
| Ftechnics Dendermonde | €19,316 | €19,347 | 68.3% | - |
| SIMILA Halle | €19,496 | €15,982 | 59.9% | - |
| YP@HOME Sombreffe | €21,369 | €14,796 | 52.0% | - |
| NOVANTA COMPANY Molenbeek-Saint-Jean | €22,315 | €13,811 | 57.2% | - |
These companies have the same main activity as MP Solution: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €19,300 and €23,400, founded in 2024.
Official details
Source: KBO- Status
- Active since 30-04-2024Normal situation
- Activity
- General electrical installation workNACE 43211and 5 others
- Establishment unit
- 2.359.125.5189290 Berlare, since 30-04-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 30-09-2026
Annual accounts 2025
- €19,523
- Filing
- Filed on 29-06-2026, 32 days before the end of the filing period
Insights on MP Solution
MP Solution has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9,463 and a net result of €8,463.
Its solvency ranks better than 52% of 35,136 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MP Solution
- What is the company number of MP Solution?
- The company number of MP Solution is 1008.933.820. The VAT number is the same number with BE in front: BE 1008.933.820.
- Where is MP Solution based?
- The registered office is at Mosseveldstraat 24, 9290 Berlare.Company details
- What does MP Solution do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of MP Solution?
- MP Solution is a private limited company (BV).
- When was MP Solution founded?
- MP Solution was founded on 30-04-2024.
- Is MP Solution still active?
- Yes, MP Solution is an active enterprise in the KBO register.
- What is the turnover of MP Solution?
- The turnover in financial year 2025 is ≈ €130,000. This figure is estimated from the gross margin of €15,540 and 97 comparable companies (NACE 43211). It probably lies between €84,000 and €270,000. It is a rough estimate.Financials
- Is MP Solution profitable?
- In financial year 2025, MP Solution made a profit of €8,463.
- Where can I find the annual accounts of MP Solution?
- MP Solution filed 1 annual account with the National Bank of Belgium, for financial year 2025.
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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