Turnover
≈ €130,000 estimated
The micro format states no turnover.
MP Solution
Overview
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.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
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
- €15,540
- €8,463
- €9,463
- €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.
Financials
Annual accounts 2025
micro format, filed on 29-06-2026, 32 days before the deadline€15,540
€13,778
€8,463
€9,463
48.5%
1.94
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €130,000. Estimated: probably between €84,000 and €270,000.
Balance sheet
balance sheet total €19,523 on 31-12-2025What the company ownsHow it is paid for
Position in the sector
48.5%
Higher than 52% of 35,136 companies in 2025.
1.94
Higher than 53% of 34,510 companies in 2025.
43.3%
Higher than 93% of 34,711 companies in 2025.
MP Solution
Middle half of the sector
80% of the sector
Micro accounts in specialised construction (NACE 43)
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
19,523 | |
29/58 |
19,523 | |
40/41 |
9,407 | |
40 |
8,497 | |
41 |
910 | |
54/58 |
10,116 | |
| Balance sheet: equity and liabilities | ||
10/49 |
19,523 | |
10/15 |
9,463 | |
10/11 |
1,000 | |
13 |
8,455 | |
133 |
8,455 | |
14 |
9 | |
17/49 |
10,060 | |
42/48 |
10,060 | |
44 |
2,797 | |
440/4 |
2,797 | |
45 |
7,233 | |
450/3 |
5,253 | |
454/9 |
1,980 | |
47/48 |
29 | |
| Income statement | ||
9900 |
15,540 | |
640/8 |
1,763 | |
9901 |
13,778 | |
75/76B |
6 | |
75 |
6 | |
65/66B |
67 | |
65 |
67 | |
9903 |
13,717 | |
67/77 |
5,253 | |
9904 |
8,463 | |
9905 |
8,463 | |
| Appropriation of the result | ||
9906 |
8,463 | |
691/2 |
8,455 | |
6921 |
8,455 | |
| Document | ||
The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 29-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-06-2026 | 2026-00224256 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| 9,463 | ||
| 48.5% | ||
| 1.94 | ||
| 1.06 | ||
| 89.4% | ||
| 43.3% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on MP Solution
Debt's share of the balance-sheet total is 51.5%.
Board & ownership
Board
1 director, since incorporationManager (not named in the articles)
appointed by deed of 03-05-2024
term without a fixed end
listed in the 2025 annual accounts, filed on 29-06-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Artikel 13. Exteme vertegenwoordiging ledere bestuurder afzonderlijk, ook wanneer er meerdere zijn, vertegenwoordigt de vennootschap jegens…”deed of 11-05-2026
Mandates through the years
1 name, the dashed line is todayMatthias Paelinck
Manager (not named in the articles)
Manager (not named in the articles)
Board
Mandates as a list
- Matthias Paelinck
- Manager (not named in the articles), appointed by deed of 03-05-2024, still in office
Control
Capital
- Contribution
- €1,000
- Shares
- 1,000
- Contribution per share
- €1
- Equity per share
- €9.46 in 2025
- Source
- 2025 annual accounts
Articles of association
deed of 11-05-2026 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- 1,000 shares
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Friday of June at 18:00
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Één of meer vereffenaars, alle machten artikel 2:87 WVV zonder bijzondere machtiging algemene vergadering”
Shareholders
At incorporation
deed of 03-05-2024 ↗
- Matthias Paelinck gecommanditeerde vennoot · €999 in cash
- Chloë Keyen commanditaire vennoot · €1 in cash
Network & group
No group
MP Solution has no parent and no holdings in its annual accounts. Matthias Paelinck is the only director. MP Solution shares no director with another company.
Timeline
Timeline
5 events since 2024Board
Filings
Establishments
202420252026
2026
Registered in the Peppol Directory Reachable for e-invoices through 0208:1008933820
Annual accounts 2025 filed NBBmicro format · 32 days before the deadline
Amendment of the articles · Legal-form change · Resignations & appointmentsLegal-form conversion: from limited partnership to private limited company · General meeting of 30-03-20264 points ▸
- General meeting, 30-03-2026
- Legal-form conversion, from limited partnership to private limited company
- 1,000 shares
- Accounting effect, 01-01-2026
- The deed holds 4 more points.
2024
IncorporationFounders: Matthias Paelinck (general partner) and Chloë Keyen (limited partner) · Appointment: Matthias Paelinck (manager) · Partner: Matthias Paelinck (general partner) · published on 03-05-20246 points ▸
- Partner, Matthias Paelinck (general partner)
- Partner, Chloë Keyen (limited partner)
- Founder, Matthias Paelinck (general partner)
- Founder, Chloë Keyen (limited partner)
- Director appointment, Matthias Paelinck (manager (not named in the articles))
- Board composition, Matthias Paelinck (manager)
- The deed holds 5 more points.
First establishment Mosseveldstraat 24, Berlare
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 30 April 2024, MP Solution was incorporated by two natural persons.12 Matthias Paelinck is manager of the company, appointed by deed of 03-05-2024.2 The company has filed annual accounts once, for financial year 2025.3
Company details
Identity
- Enterprise number
- 1008.933.820
- VAT number
- BE 1008.933.820
- Peppol ID
- 0208:1008933820
- Other Peppol ID
- 9925:BE1008933820
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 30-04-2024
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Friday of June at 18:00deed of 11-05-2026 (in Dutch)
- Peppol
- Reachable since 30-09-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- MP Solution in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 11-05-2026 (in Dutch)
- Name clauseThe company operates under this name according to its articles.
- MP Solutiondeed of 03-05-2024 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Mosseveldstraat 24, 9290 Berlare”deed of 03-05-2024 (in Dutch)
Activities
NACEBEL 202543211
General electrical installation work main activity
43320
Joinery installation
43331
Floor and wall tiling
Codes under NACEBEL 2008
43211
Specialised construction activities main activity
33140
Repair, maintenance and installation of machinery and equipment
43299
Specialised construction activities
43320
Joinery installation
43331
Floor and wall tiling
43999
Specialised construction activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Elektrotechnische installatiewerken aan gebouwen; Installatie van elektrische bedrading en toebehoren; Loodgieterswerk; Overige installaties…”deed of 03-05-2024 (in Dutch)
18 activities
- Elektrotechnische installatiewerken aan gebouwen
- Installatie van elektrische bedrading en toebehoren
- Loodgieterswerk
- Overige installaties (inclusief accessoires), n.e.g.
- Schrijnwerk
- Plaatsen van vloer- en wandtegels
- Plaatsen van behang en vloerbedekking en wandbekleding van andere materialen
- Overige gespecialiseerde bouwwerkzaamheden
- Installatie van de bedrading voor telefooninstallaties en computersystemen
- Installatie van bewakingssystemen en alarminstallaties tegen diefstal
- Elektrotechnische installatiewerken, uitgezonderd aan gebouwen
- Overige bouwinstallatie, n.e.g.
- Reparatie van consumentenelektronica
- Reparatie van elektrische huishoudapparaten
- Reparatie van elektrische apparatuur
- Particuliere beveiliging
- Vervaardiging van elektrische signaalapparatuur, veiligheids-, controle- en regelapparatuur voor verkeerswegen, spoor- en tramwegen, waterwegen, havens en vliegvelden
- Houden van toezicht, bewaking en andere activiteiten ter bescherming van personen of eigendommen : lijfwachten, straatpatrouilles, bewaking van woningen, kantoren, fabrieken, bouwterreinen, enz.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Mosseveldstraat 24 registered office 9290 Berlare 4321103 General electrical installation work | 30-04-2024 | 2.359.125.518 |
Buildings and parcels at the address
- Ground area
- 198 m²
- Buildings
- 115 m²
- Volume, LiDAR
- 601 m³
- Tallest building
- 6.4 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 42017A0507/00T000 | 198 m² | 1 · 115 m² | 6.4 m · 2 |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 1008.933.820