MPA
ActiveSummary
MPA has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €575k and a net result of €84k. Equity is growing by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 72% of 3705 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability49▼-30
Solvency77▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 2.19 against 2.29 in 2024; short-term debt: 41.7% and cash: 61.1% of total assets), and 47.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
52.5%
Return on assets
7.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
24 d late
2024
17 d late
2023
12 d early
2022
on the day
2021
10 d late
2020
31 d late
2019
91 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€84k▼ 34.9%
2024 · €129k
2018: €47klowest in 8 years
2019: €67k▲ +41.5% vs 2018
2020: €83k▲ +24.3% vs 2019
2021: €94k▲ +14.2% vs 2020
2022: €90k▼ -4.9% vs 2021
2023: €74k▼ -17.2% vs 2022
2024: €129k▲ +73.1% vs 2023highest in 8 years
2025: €84k▼ -34.9% vs 2024
2018 → 2025
Working capital
€544k▼ 6.8%
2024 · €584k
2018: €276klowest in 8 years
2019: €372k▲ +34.5% vs 2018
2020: €429k▲ +15.3% vs 2019
2021: €442k▲ +3.1% vs 2020
2022: €484k▲ +9.4% vs 2021
2023: €510k▲ +5.4% vs 2022
2024: €584k▲ +14.4% vs 2023highest in 8 years
2025: €544k▼ -6.8% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€434k-€484k▲ 11.7%€512k▲ 5.7%€574k▲ 12.2%€575k▲ 0.2%
2021: €434klowest in 5 years
2022: €484k▲ +11.7% vs 2021
2023: €512k▲ +5.7% vs 2022
2024: €574k▲ +12.2% vs 2023
2025: €575k▲ +0.2% vs 2024highest in 5 years
Operating result€216k-€167k▼ 22.6%€159k▼ 5.0%€229k▲ 44.4%€199k▼ 13.0%
2021: €216k
2022: €167k▼ -22.6% vs 2021
2023: €159k▼ -5.0% vs 2022lowest in 5 years
2024: €229k▲ +44.4% vs 2023highest in 5 years
2025: €199k▼ -13.0% vs 2024
Net result€94k-€90k▼ 4.9%€74k▼ 17.2%€129k▲ 73.1%€84k▼ 34.9%
2021: €94k
2022: €90k▼ -4.9% vs 2021
2023: €74k▼ -17.2% vs 2022lowest in 5 years
2024: €129k▲ +73.1% vs 2023highest in 5 years
2025: €84k▼ -34.9% vs 2024
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 13% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.10M
Fixed assets
€94k ▲ 155%
Current assets
€1.00M ▼ 3.3%
Equity and liabilities €1.10M
Equity
€575k ▲ 0.2%
Provisions
€63k ▲ 36.1%
Debt
€457k ▲ 1.3%
Debt's share of the balance-sheet total falls from 42.1% to 41.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€217k▼
2024 · €240k
Cash flow
€101k▼
2024 · €140k
Current ratio
2.19▼
2024 · 2.29
Quick ratio
2.16▼
2024 · 2.27
Debt to equity
0.79▲
2024 · 0.79
ROE
14.6%▼
2024 · 22.4%
ROA
7.6%▼
2024 · 12.0%
Interest coverage
2.46▼
2024 · 5.41
Debt ≤ 1 year
€457k▲
2024 · €451k
Income taxes
€32k▼
2024 · €56k
Staff costs
€315k▲
2024 · €282k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 60 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.07M€1.10M▲
Fixed assets21/28€37k€94k▲
Tangible fixed assets22/27€35k€93k▲
Land and buildings22€14k€12k▼
Plant, machinery and equipment23€4k€2k▼
Furniture and vehicles24€18k€16k▼
Other tangible fixed assets26-€62k
Financial fixed assets28€2k€2k=
Current assets29/58€1.03M€1.00M▼
Stocks and contracts in progress3€10k€13k▲
Stocks30/36€10k€13k▲
Amounts receivable within one year40/41€36k€110k▲
Trade receivables40€35k€103k▲
Other amounts receivable41€900€6k▲
Current investments50/53-€203k
Cash at bank and in hand54/58€982k€669k▼
Deferred charges and accrued income490/1€7k€7k▼
Equity and liabilities
Total equity and liabilities10/49€1.07M€1.10M▲
Equity10/15€574k€575k▲
Contributions10/11€12k€12k=
Reserves13€500k€501k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€28k€28k=
Distributable reserves133€470k€471k▲
Profit (loss) carried forward14€61k€61k=
Provisions and deferred taxes16€47k€63k▲
Provisions for liabilities and charges160/5€47k€63k▲
Other liabilities and charges164/5€47k€63k▲
Amounts payable17/49€451k€457k▲
Amounts payable within one year42/48€451k€457k▲
Trade debts44€94k€120k▲
Suppliers440/4€94k€120k▲
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€71k€82k▲
Taxes450/3€44k€56k▲
Remuneration and social security454/9€27k€25k▼
Other amounts payable47/48€286k€255k▼
Income statement
Code20242025
Remuneration, social security and pensions62€282k€315k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€17k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€10k€17k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€534k€551k▲
Operating profit (loss)9901€229k€199k▼
Financial income75/76B€156€5k▲
Recurring financial income75€156€5k▲
Financial charges65/66B€44k€88k▲
Recurring financial charges65€44k€88k▲
Profit (loss) for the period before taxes9903€185k€116k▼
Income taxes67/77€56k€32k▼
Profit (loss) for the period9904€129k€84k▼
Profit (loss) for the period to be appropriated9905€129k€84k▼
Appropriation of the result
Profit (loss) to be appropriated9906€190k€145k▼
Profit (loss) brought forward from the previous period14P€61k€61k=
Transfer from equity791/2€67k€83k▲
Transfer to equity691/2€129k€84k▼
To other reserves6921€129k€84k▼
Profit to be distributed694/7€67k€83k▲
Return on contributions (dividend)694€67k€83k▲
Social balance
Average headcount (FTE)90877.68.9▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €20k | €0 | - | - | - |
| Remuneration, social security and pensions62 | €278k | €281k | €295k | €282k | €315k | ▲ 11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15k | €10k | €13k | €11k | €17k | ▲ 61.4% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €-40k | €5k | €4k | €10k | €17k | ▲ 69.4% |
| Other operating charges640/8 | €7k | €4k | €1k | €2k | €2k | ▲ 16.4% |
| Non-recurring operating charges66A | €5k | €0 | - | - | - | - |
| Gross operating margin9900 | €480k | €466k | €472k | €534k | €551k | ▲ 3.2% |
| Operating profit (loss)9901 | €216k | €167k | €159k | €229k | €199k | ▼ 13.0% |
| Financial income75/76B | €236 | €1 | €156 | €156 | €5k | ▲ 2,793% |
| Recurring financial income75 | €236 | €1 | €156 | €156 | €5k | ▲ 2,793% |
| Financial charges65/66B | €80k | €43k | €54k | €44k | €88k | ▲ 98.5% |
| Recurring financial charges65 | €80k | €43k | €54k | €44k | €88k | ▲ 98.5% |
| Profit (loss) for the period before taxes9903 | €136k | €124k | €105k | €185k | €116k | ▼ 37.4% |
| Income taxes67/77 | €41k | €34k | €31k | €56k | €32k | ▼ 43.0% |
| Profit (loss) for the period9904 | €94k | €90k | €74k | €129k | €84k | ▼ 34.9% |
| Profit (loss) for the period to be appropriated9905 | €94k | €90k | €74k | €129k | €84k | ▼ 34.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €852k | €883k | €1.04M | €1.07M | €1.10M | ▲ 2.2% |
| Fixed assets21/28 | €20k | €33k | €38k | €37k | €94k | ▲ 155% |
| Tangible fixed assets22/27 | €18k | €32k | €37k | €35k | €93k | ▲ 163% |
| Land and buildings22 | €6k | €5k | €14k | €14k | €12k | ▼ 12.0% |
| Plant, machinery and equipment23 | €2k | €444 | €0 | €4k | €2k | ▼ 32.6% |
| Furniture and vehicles24 | €10k | €26k | €23k | €18k | €16k | ▼ 9.5% |
| Other tangible fixed assets26 | - | - | - | - | €62k | - |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €832k | €849k | €1,000k | €1.03M | €1.00M | ▼ 3.3% |
| Stocks and contracts in progress3 | €7k | €6k | €5k | €10k | €13k | ▲ 27.4% |
| Stocks30/36 | €7k | €6k | €5k | €10k | €13k | ▲ 27.4% |
| Amounts receivable within one year40/41 | €115k | €81k | €105k | €36k | €110k | ▲ 209% |
| Trade receivables40 | €105k | €77k | €102k | €35k | €103k | ▲ 198% |
| Other amounts receivable41 | €11k | €4k | €3k | €900 | €6k | ▲ 621% |
| Current investments50/53 | - | - | - | - | €203k | - |
| Cash at bank and in hand54/58 | €702k | €754k | €887k | €982k | €669k | ▼ 31.9% |
| Deferred charges and accrued income490/1 | €8k | €8k | €3k | €7k | €7k | ▼ 2.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €852k | €883k | €1.04M | €1.07M | €1.10M | ▲ 2.2% |
| Equity10/15 | €434k | €484k | €512k | €574k | €575k | ▲ 0.2% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €360k | €411k | €438k | €500k | €501k | ▲ 0.2% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | €28k | €28k | €28k | €28k | €28k | = |
| Distributable reserves133 | €330k | €380k | €408k | €470k | €471k | ▲ 0.2% |
| Profit (loss) carried forward14 | €61k | €61k | €61k | €61k | €61k | = |
| Provisions and deferred taxes16 | €28k | €33k | €37k | €47k | €63k | ▲ 36.1% |
| Provisions for liabilities and charges160/5 | €28k | €33k | €37k | €47k | €63k | ▲ 36.1% |
| Other liabilities and charges164/5 | €28k | €33k | €37k | €47k | €63k | ▲ 36.1% |
| Amounts payable17/49 | €390k | €366k | €490k | €451k | €457k | ▲ 1.3% |
| Amounts payable within one year42/48 | €390k | €366k | €490k | €451k | €457k | ▲ 1.3% |
| Trade debts44 | €82k | €73k | €82k | €94k | €120k | ▲ 27.8% |
| Suppliers440/4 | €82k | €73k | €82k | €94k | €120k | ▲ 27.8% |
| Advances received on contracts in progress46 | €42k | €28k | €48k | €0 | - | - |
| Taxes, remuneration and social security45 | €89k | €55k | €67k | €71k | €82k | ▲ 14.8% |
| Taxes450/3 | €58k | €27k | €36k | €44k | €56k | ▲ 26.9% |
| Remuneration and social security454/9 | €31k | €28k | €31k | €27k | €25k | ▼ 5.2% |
| Other amounts payable47/48 | €177k | €210k | €292k | €286k | €255k | ▼ 10.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €94k | €90k | €74k | €129k | €84k | ▼ 34.9% |
| + Depreciation and write-downs630 | €15k | €10k | €13k | €11k | €17k | ▲ 61.4% |
| Operating cash flow (approximation) | €109k | €100k | €88k | €140k | €101k | ▼ 27.5% |
| Investment in fixed assets (approximation) | - | €-23k | €-18k | €-9k | €-75k | ▼ 698% |
| Change in cash | - | €52k | €133k | €95k | €-313k | ▼ 430% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 24 days late
2025
17-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 17 days late
2024
31-12
Financial
Highest result since 2018net €129k ▲73.1%
Operating result €229k, net result €129k, both a record.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €500kEq €512k ▲5.7%
6 profitable years in a row build equity to €512k.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 10 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
2019
23-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 84 days late
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 9 days late
2017
24-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 85 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Mouscron · 1 establishment unit since 2004
Ground area
178 m²
Building footprint
88 m²
Volume, LiDAR
1,072 m³
Parcel 54433E0609/00P003, Wallonia · tallest building 13.1 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
MPA SPRL
since 20042.139.423.882
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54433E0609/00P003 | Wallonia | 178 m² | 1 · 88 m² | 13.1 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMouscron/Moeskroen2.139.423.882
Legal Entity Identifier
254900KZ0EEGTTSMBO36
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HET DAGELIJKS BROOD LEUVEN
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Of 21,853 companies in sector 56112 we hold annual accounts for 9,776. 4,072 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-08-2004
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Scores and ratios are computed by Checked and are not a credit decision.