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Mp2 Projects

Active
Private limited company (pre-2019)founded 199036 yrs activeRozenhoed 69, 9921 Lievegem, BelgiumKBO/BCE: BE 0439.877.479
Summary

The computed 12-month bankruptcy probability of Mp2 Projects is 3.0% (moderate). The 2024 annual accounts show negative equity (-€78,976) and a net result of -€4,523. Equity is shrinking by ~16.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 15874 sector peers (fiscal year 2024). The company has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
Mp2 ProjectsActiveChecked score 49/100
Risk analysis ReportCompare

Overview

Activity
Wholesale of machine tools
NACE 46620NACE 51810
1 site
Size
€20,378total assets 2024
Equity
-€78,976
Loss
-€4,523
Turnover not published (abridged schema)
Financial health
49 Fair Checked score 2024
Bankruptcy chance 12 m
3.0%
Structure
Accounts 66 d overdue0 of 3 deeds read
Why 49- 1 financial year not filed after the legal deadline; latest accounts 91 days late; 3 of the last 3 late- Loss of €4,523 (FY 2024)+ Size: total assets €20,378+ Founded in 1990Show the evidence

Checked score

Score 2024
49 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 17% of its sector peers (NACE 46, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Weak
Solvency 0=
equity -387.6% of total assets
Liquidity 30+29
short-term debt 44.7% · cash 1.0%
Profitability 0-41
return on assets -22.2%
Bankruptcy probability, 12 months
3.0% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,865 companies)
Last 24 months 11-2024: 0.6% 12-2024: 0.6%● 0.0% vs 11-2024 01-2025: 0.6%▼ -1.2% vs 12-2024lowest value 02-2025: 0.6%● 0.0% vs 01-2025lowest value 03-2025: 0.6%▲ +2.9% vs 02-2025 04-2025: 0.6%▲ +0.8% vs 03-2025 05-2025: 0.6%▲ +0.7% vs 04-2025 06-2025: 0.7%▲ +10.3% vs 05-2025 07-2025: 0.9%▲ +30.8% vs 06-2025 08-2025: 1.3%▲ +43.5% vs 07-2025 09-2025: 1.4%▲ +12.1% vs 08-2025 10-2025: 1.9%▲ +32.6% vs 09-2025 11-2025: 2.1%▲ +10.3% vs 10-2025 12-2025: 2.1%● 0.0% vs 11-2025 01-2026: 2.0%▼ -1.0% vs 12-2025 02-2026: 2.0%● 0.0% vs 01-2026 03-2026: 2.1%▲ +2.9% vs 02-2026 04-2026: 2.1%▲ +0.8% vs 03-2026 05-2026: 2.1%● 0.0% vs 04-2026 06-2026: 2.3%▲ +8.6% vs 05-2026 07-2026: 2.5%▲ +9.4% vs 06-2026 08-2026: 2.9%▲ +13.7% vs 07-2026 09-2026: 2.7%▼ -4.6% vs 08-2026 10-2026: 3.0%▲ +8.3% vs 09-2026highest value
  • Size: total assets €20,378 lowers the probability for this profile
  • 1 financial year not filed after the legal deadline; latest accounts 91 days late; 3 of the last 3 late raises the probability
  • Founded in 1990 lowers the probability for this profile
  • Loss of €4,523 (FY 2024) raises the probability
No credit on open account
Liquidity ample (current ratio 2.24 against 0.82 in 2023; short-term debt: 44.7% and cash: 1% of total assets), but equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, micro). Better than this share of them on solvency 6%, liquidity 27%, profitability 6%, growth against the median 30%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Size: total assets €20,378
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 91 days late; 3 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
lowers risk · Founded in 1990
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Loss of €4,523 (FY 2024)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year -€78,976
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-10-2025, 91 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
91 d late
2023
31 d late
2022
59 d late
2021
31 d late
2020
153 d late
2019
91 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 76 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Liquidity triplescurrent ratio 2.24
  3. Annual accounts filedfiscal year 2023 · micro…

Key points

  • Risk: Negative equityfiscal year 2024: debts exceed assets -€78,976 View
  • Caution: Among the weakest 5% on solvencysector median 39.4% · 15,874 companies -387.6% View
  • Caution: Accounts not fileddeadline was 31-07-2026 66 d late View

By topic

Financials

Fiscal year
2024
Total assets
€20,378
Loss
-€4,523
Solvency
-387.6%
Total assets▲ 2.6%
Net result
20182024
Go to Financials

Timeline

Events
13
Since
2016
  1. 30-10-2025Annual accounts filed
  2. 31-12-2024Liquidity triples
  3. 31-08-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company (pre-2019)
Activity
Wholesale of machine toolsNACE 46620
Founded
21-02-1990
Year ends
31-12
Peppol
Not found in the Peppol directory
Go to Company details

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