Equity
MPA paid out €82,642 in dividends. That is 99% of the 2025 profit.
MPA paid out €82,642 in dividends. That is 99% of the 2025 profit.
The accounts state no turnover.
Green is investment, beige is depreciation.
In 2025, 180 short contracts started and 213 ended, on average 75 hours worked per contract. Staff averaged 8.9 full-time equivalents.
Eight of the last ten came late. The 2019 accounts came latest: 91 days after the end of the period.
More equity than 89% of companies in food and beverage service. Sector median €78,477 · 4,845 companies.
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 56, micro). It does better than 70% of them on solvency, 83% on liquidity, 35% on profitability and 41% on growth.
The bankruptcy probability was computed on 09-11-2026 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 very low class on 30-06-2025, 0.1% 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).
In July 2024, 31,368 companies had the same profile as MPA has now. Each dot stands for 79 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MPA itself: 0.1% within 12 months.
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 31,368 companies, not a prediction for MPA. 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.
Liquidity is ample, with a current ratio of 2.19 (2.29 in 2024), above the usual 1.5. Short-term debt is 41.7% and cash 61.1% of total assets. 47.5% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 23 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| MPA Mouscron | €1.1m | €551,034 | 52.5% | 8.9 |
| MAXI-FRITES VILLERS Assesse | €1.1m | €590,112 | 34.1% | 9.7 |
| MICHU PICHU Forest | €1.2m | €557,891 | 37.2% | 9.7 |
| Sous l'Olivier Namur | €1.0m | €470,653 | 44.3% | 8.4 |
| La Juarve Lievegem | €0.9m | €553,997 | 52.4% | 7.4 |
| Familly Burger Ciney Ciney | €0.8m | €509,687 | 24.8% | 9.7 |
| B.A.O. Group Edegem | €0.9m | €399,213 | 29.6% | 7.8 |
These companies have the same main activity as MPA: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €811,000 and €1.2m, founded between 2003 and 2007.
MPA files the abbreviated format. That format states no turnover. The gross margin rose from €112,210 in 2006 to €551,034 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €1.6m. Estimated: probably between €1.3m and €1.7m.
Higher than 72% of 4,843 companies in 2025.
Higher than 78% of 4,741 companies in 2025.
Higher than 62% of 4,765 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: middle half
Staff costs divided by the average number of full-time equivalents.
In 2025, 180 short contracts started and 213 ended, on average 75 hours worked per contract. Staff averaged 8.9 full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
1.1m | 1.1m | 1.0m | 882,727 | 852,055 | 718,120 | 620,633 | 460,351 | 413,863 | 385,395 | 331,829 | 345,835 | 306,791 | 310,396 | 247,884 | 292,524 | 135,843 | 189,977 | 166,245 | 135,479 | |
21/28 |
94,391 | 36,960 | 38,354 | 33,351 | 19,658 | 23,977 | 39,787 | 54,386 | 62,869 | 53,346 | 53,530 | 71,746 | 93,967 | 107,323 | 114,376 | 128,913 | 40,867 | 64,079 | 76,676 | 69,219 | |
21 |
- | - | - | - | - | - | - | - | - | - | - | - | 6,197 | 12,395 | 18,592 | 24,789 | 30,987 | 37,184 | 43,381 | 49,578 | |
22/27 |
92,711 | 35,280 | 36,674 | 31,671 | 17,978 | 22,297 | 38,107 | 52,706 | 61,189 | 51,666 | 51,850 | 70,066 | 86,089 | 93,249 | 94,104 | 102,444 | 8,200 | 25,215 | 31,615 | 17,960 | |
22 |
11,934 | 13,563 | 14,076 | 5,239 | 5,702 | 6,165 | 6,747 | 16,214 | 25,681 | 35,148 | 40,556 | 49,820 | 59,084 | 63,148 | 72,153 | 80,146 | 353 | 530 | 707 | - | |
23 |
2,362 | 3,505 | 0 | 444 | 1,906 | 9,579 | 15,833 | 23,599 | 26,939 | 3,873 | 3,954 | 8,001 | 13,591 | 15,336 | 13,715 | 10,939 | 923 | 1,913 | 3,034 | 1,980 | |
24 |
16,487 | 18,212 | 22,598 | 25,988 | 10,370 | 6,553 | 15,527 | 12,894 | 8,569 | 12,645 | 7,340 | 12,245 | 13,414 | 14,764 | 8,237 | 11,360 | 6,924 | 22,772 | 27,874 | 15,980 | |
26 |
61,928 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
28 |
1,680 | 1,680 | 1,680 | 1,680 | 1,680 | 1,680 | 1,680 | 1,680 | 1,680 | 1,680 | 1,680 | 1,680 | 1,680 | 1,680 | 1,680 | 1,680 | 1,680 | 1,680 | 1,680 | 1,680 | |
29/58 |
1.0m | 1.0m | 999,838 | 849,376 | 832,397 | 694,143 | 580,846 | 405,964 | 350,994 | 332,048 | 278,299 | 274,089 | 212,825 | 203,073 | 133,508 | 163,611 | 94,976 | 125,899 | 89,569 | 66,260 | |
3 |
13,195 | 10,359 | 5,220 | 6,470 | 7,254 | 6,621 | 7,474 | 5,660 | 5,872 | 4,303 | 2,664 | 2,938 | 3,242 | 2,832 | 2,495 | 3,028 | 2,294 | 483 | 483 | - | |
30/36 |
13,195 | 10,359 | 5,220 | 6,470 | 7,254 | 6,621 | 7,474 | 5,660 | 5,872 | 4,303 | 2,664 | 2,938 | 3,242 | 2,832 | 2,495 | 3,028 | 2,294 | 483 | 483 | - | |
40/41 |
109,921 | 35,622 | 104,726 | 80,853 | 115,428 | 61,276 | 86,307 | 6,352 | 337 | 19,287 | 16,806 | 43,890 | 137 | 1,288 | 20,064 | 85,269 | 36,705 | 54,611 | 16,236 | 40,874 | |
40 |
103,434 | 34,722 | 101,552 | 77,323 | 104,760 | 53,073 | 82,349 | 3,263 | - | 18,675 | 16,660 | 43,676 | - | - | 20,000 | 52,747 | - | 1,433 | 9,091 | 13,765 | |
41 |
6,487 | 900 | 3,174 | 3,530 | 10,669 | 8,203 | 3,959 | 3,089 | 337 | 612 | 146 | 215 | 137 | 1,288 | 64 | 32,522 | 36,705 | 53,178 | 7,145 | 27,109 | |
50/53 |
202,576 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
54/58 |
668,981 | 982,235 | 887,245 | 754,153 | 702,068 | 612,257 | 480,330 | 389,004 | 344,785 | 308,458 | 258,828 | 227,261 | 209,446 | 198,953 | 110,949 | 75,314 | 52,445 | 69,137 | 71,666 | 25,386 | |
490/1 |
6,527 | 6,719 | 2,647 | 7,900 | 7,646 | 13,989 | 6,734 | 4,949 | - | - | - | - | - | - | - | - | 3,533 | 1,667 | 1,183 | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
1.1m | 1.1m | 1.0m | 882,727 | 852,055 | 718,120 | 620,633 | 460,351 | 413,863 | 385,395 | 331,829 | 345,835 | 306,791 | 310,396 | 247,884 | 292,524 | 135,843 | 189,977 | 166,245 | 135,479 | |
10/15 |
575,122 | 573,984 | 511,717 | 484,335 | 433,532 | 384,142 | 372,820 | 328,312 | 281,300 | 241,278 | 194,302 | 168,350 | 146,331 | 131,282 | 86,229 | 52,761 | 43,335 | 54,279 | 36,485 | 56,271 | |
10/11 |
12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
100 |
- | - | - | - | - | - | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | |
101 |
- | - | - | - | - | - | 6,150 | 6,150 | 6,150 | 6,150 | 6,150 | 6,150 | 6,150 | 6,150 | 6,150 | 6,150 | 6,150 | 6,150 | 6,150 | 6,150 | |
13 |
501,300 | 500,162 | 437,895 | 410,512 | 359,710 | 310,320 | 298,997 | 254,490 | 207,478 | 185,702 | 127,158 | 52,158 | 30,158 | 30,158 | 30,158 | 30,158 | 30,158 | 30,158 | 23,355 | 23,355 | |
130/1 |
1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | |
1311 |
1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
132 |
28,303 | 28,303 | 28,303 | 28,303 | 28,303 | 28,303 | 28,303 | 28,303 | 28,303 | 28,303 | 28,303 | 28,303 | 28,303 | 28,303 | 28,303 | 28,303 | 28,303 | 28,303 | 21,500 | 21,500 | |
133 |
471,142 | 470,004 | 407,737 | 380,354 | 329,551 | 280,162 | 268,839 | 224,332 | 177,319 | 155,544 | 97,000 | 22,000 | - | - | - | - | - | - | - | - | |
14 |
61,422 | 61,422 | 61,422 | 61,422 | 61,422 | 61,422 | 61,422 | 61,422 | 61,422 | 43,176 | 54,744 | 103,792 | 103,773 | 88,724 | 43,671 | 10,202 | 777 | 11,721 | 730 | 20,516 | |
16 |
63,297 | 46,506 | 36,594 | 32,884 | 28,226 | 68,521 | 33,103 | - | - | - | - | - | - | - | - | - | 15,000 | 15,000 | 15,000 | - | |
160/5 |
63,297 | 46,506 | 36,594 | 32,884 | 28,226 | 68,521 | 33,103 | - | - | - | - | - | - | - | - | - | 15,000 | 15,000 | 15,000 | - | |
164/5 |
63,297 | 46,506 | 36,594 | 32,884 | 28,226 | 68,521 | 33,103 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
17/49 |
457,172 | 451,406 | 489,881 | 365,508 | 390,297 | 265,456 | 214,710 | 132,038 | 132,563 | 144,117 | 137,527 | 177,485 | 160,460 | 179,114 | 161,655 | 239,763 | 77,508 | 120,698 | 114,760 | 79,208 | |
17 |
- | - | - | - | - | - | - | 2,536 | 12,362 | 21,701 | 31,639 | 41,631 | 51,160 | 60,250 | 64,316 | 78,824 | 25,546 | 42,304 | 50,253 | 42,882 | |
170/4 |
- | - | - | - | - | - | - | 2,536 | 12,362 | 21,701 | 31,639 | 41,631 | 51,160 | 60,250 | 64,316 | 78,824 | 25,546 | 42,304 | 50,253 | 42,882 | |
42/48 |
457,172 | 451,406 | 489,881 | 365,508 | 390,297 | 265,456 | 208,966 | 129,503 | 120,201 | 122,416 | 105,888 | 135,855 | 109,300 | 118,864 | 97,338 | 160,940 | 51,961 | 78,395 | 64,507 | 36,326 | |
42 |
- | - | - | - | - | - | 2,536 | 9,826 | 9,339 | 9,938 | 9,992 | 9,530 | 9,089 | 11,099 | 14,507 | 22,032 | 17,757 | 34,483 | 22,918 | 12,087 | |
44 |
120,157 | 93,991 | 82,131 | 72,568 | 81,986 | 72,386 | 86,275 | 45,040 | 30,723 | 56,685 | 42,612 | 81,408 | 53,703 | 32,100 | 32,639 | 101,397 | 6,058 | 25,232 | 29,459 | 12,641 | |
440/4 |
120,157 | 93,991 | 82,131 | 72,568 | 81,986 | 72,386 | 86,275 | 45,040 | 30,723 | 56,685 | 42,612 | 81,408 | 53,703 | 32,100 | 32,639 | 101,397 | 6,058 | 25,232 | 29,459 | 12,641 | |
46 |
- | 0 | 48,400 | 28,482 | 42,350 | 36,300 | 36,300 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
45 |
81,681 | 71,123 | 67,094 | 54,827 | 88,993 | 76,918 | 62,955 | 74,291 | 73,442 | 54,599 | 53,186 | 41,456 | 40,342 | 63,187 | 35,013 | 37,511 | 28,146 | 18,679 | 12,130 | 11,598 | |
450/3 |
56,362 | 44,406 | 35,700 | 27,301 | 57,619 | 56,195 | 36,569 | 55,833 | 57,827 | 38,602 | 39,392 | 27,082 | 27,481 | 46,197 | 25,336 | 19,678 | 15,489 | 5,209 | 6,580 | 6,000 | |
454/9 |
25,318 | 26,717 | 31,393 | 27,526 | 31,373 | 20,722 | 26,386 | 18,458 | 15,614 | 15,997 | 13,794 | 14,375 | 12,861 | 16,990 | 9,677 | 17,834 | 12,657 | 13,470 | 5,550 | 5,598 | |
47/48 |
255,334 | 286,292 | 292,256 | 209,631 | 176,967 | 79,853 | 20,900 | 345 | 6,697 | 1,194 | 98 | 3,460 | 6,166 | 12,478 | 15,180 | - | - | - | - | - | |
492/3 |
- | - | - | - | - | - | 5,744 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Income statement | |||||||||||||||||||||
76A |
- | - | 0 | 20,300 | - | - | - | - | 3,639 | 1,157 | - | - | - | 4,545 | - | - | - | - | - | - | |
9900 |
551,034 | 533,798 | 471,969 | 466,128 | 480,311 | 445,726 | 445,071 | 316,586 | 280,000 | 271,136 | 252,705 | 240,378 | 244,168 | 269,548 | 206,345 | 159,405 | 169,965 | 165,095 | 134,794 | 112,210 | |
62 |
315,471 | 282,225 | 295,283 | 280,939 | 278,452 | 263,624 | 282,029 | 218,027 | 189,794 | 166,268 | 172,678 | 166,477 | 171,736 | 165,335 | 111,702 | 129,251 | 128,138 | 116,271 | 87,930 | 66,636 | |
630 |
17,376 | 10,765 | 13,250 | 9,795 | 14,742 | 17,411 | 25,478 | 23,233 | 21,216 | 20,848 | 19,448 | 28,711 | 27,142 | 28,903 | 25,171 | 23,411 | 25,753 | 24,208 | 22,151 | 13,634 | |
635/8 |
16,791 | 9,912 | 3,710 | 4,658 | -40,295 | 35,418 | 33,103 | - | - | - | - | - | - | - | - | -15,000 | - | - | 15,000 | - | |
640/8 |
2,036 | 1,749 | 1,006 | 3,635 | 6,559 | 4,587 | 3,746 | 3,429 | 4,747 | 3,654 | 6,247 | 4,089 | 10,994 | 3,047 | 5,596 | 2,769 | 770 | 985 | 1,204 | 425 | |
66A |
- | - | - | 0 | 5,000 | - | - | - | 903 | - | - | - | - | - | - | - | - | - | - | - | |
9901 |
199,360 | 229,146 | 158,720 | 167,101 | 215,853 | 124,686 | 100,716 | 71,897 | 64,243 | 80,366 | 54,332 | 41,101 | 34,297 | 72,263 | 63,877 | 18,974 | 15,304 | 23,630 | 8,510 | 31,515 | |
75/76B |
4,504 | 156 | 156 | 1 | 236 | 202 | 520 | 123 | 4,061 | 1,671 | 802 | 988 | 909 | 121 | 352 | 537 | 3,987 | 3,668 | 1,461 | 40 | |
75 |
4,504 | 156 | 156 | 1 | 236 | 202 | 520 | 123 | 422 | 514 | 802 | 988 | 909 | 121 | 352 | 537 | 3,987 | 3,668 | 1,461 | 40 | |
76B |
- | - | - | - | - | - | - | - | 3,639 | 1,157 | - | - | - | - | - | - | - | - | - | - | |
65/66B |
88,092 | 44,369 | 53,941 | 42,855 | 80,245 | 9,147 | 7,159 | 4,749 | 5,346 | 4,541 | 6,611 | 7,495 | 7,463 | 8,690 | 6,352 | 6,099 | 4,449 | 4,543 | 3,199 | 3,902 | |
65 |
88,092 | 44,369 | 53,941 | 42,855 | 80,245 | 9,147 | 7,159 | 4,749 | 4,443 | 4,541 | 6,611 | 7,495 | 7,463 | 8,690 | 6,352 | 6,099 | 4,449 | 4,543 | 3,199 | 3,902 | |
66B |
- | - | - | - | - | - | - | - | 903 | - | - | - | - | - | - | - | - | - | - | - | |
9903 |
115,772 | 184,933 | 104,934 | 124,246 | 135,844 | 115,741 | 94,078 | 67,270 | 62,958 | 77,496 | 48,523 | 34,594 | 27,743 | 68,238 | 57,878 | 13,412 | 14,842 | 22,755 | 6,772 | 27,653 | |
67/77 |
31,992 | 56,159 | 30,539 | 34,444 | 41,455 | 33,098 | 27,570 | 20,258 | 22,936 | 31,283 | 22,572 | 12,574 | 12,694 | 17,185 | 18,409 | 3,986 | 5,787 | 4,961 | 5,667 | 6,006 | |
9904 |
83,780 | 128,774 | 74,395 | 89,803 | 94,389 | 82,642 | 66,507 | 47,013 | 40,022 | 46,213 | 25,951 | 22,019 | 15,049 | 51,053 | 39,469 | 9,426 | 9,056 | 17,794 | 1,105 | 21,647 | |
689 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6,803 | - | 10,000 | |
9905 |
83,780 | 128,774 | 74,395 | 89,803 | 94,389 | 82,642 | 66,507 | 47,013 | 40,022 | 46,213 | 25,951 | 22,019 | 15,049 | 51,053 | 39,469 | 9,426 | 9,056 | 10,991 | 1,105 | 11,647 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
145,203 | 190,196 | 135,818 | 151,225 | 155,812 | 144,064 | 127,929 | 108,435 | 100,422 | 100,957 | 129,744 | 125,792 | 103,773 | 94,724 | 49,671 | 10,202 | 20,777 | 11,721 | 21,621 | 20,516 | |
14P |
61,422 | 61,422 | 61,422 | 61,422 | 61,422 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
82,642 | 66,507 | 47,013 | 39,000 | 45,000 | 71,319 | 22,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
83,780 | 128,774 | 74,395 | 89,803 | 94,389 | 82,642 | 66,507 | 47,013 | 39,000 | 57,781 | 75,000 | 22,000 | - | - | - | - | - | - | - | - | |
6921 |
83,780 | 128,774 | 74,395 | 89,803 | 94,389 | 82,642 | 66,507 | 47,013 | 39,000 | 57,781 | 75,000 | 22,000 | - | - | - | - | - | - | - | - | |
694/7 |
82,642 | 66,507 | 47,013 | 39,000 | 45,000 | 71,319 | 22,000 | - | - | - | - | - | - | 6,000 | 6,000 | - | 20,000 | - | 20,891 | - | |
694 |
82,642 | 66,507 | 47,013 | 39,000 | 45,000 | 71,319 | 22,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
695 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 6,000 | 6,000 | - | 20,000 | - | 20,891 | - | |
| Social balance sheet | |||||||||||||||||||||
9087 |
8.9 | 7.6 | 8.4 | 7.9 | 8.8 | 8.3 | 8.1 | 7.7 | - | 6.4 | 6.2 | 5.7 | 6.7 | 7 | 5.3 | 5 | 4 | 3 | 2.6 | 1.6 | |
Hours worked1013 |
13,566 | 13,692 | 13,992 | 13,799 | 15,541 | 14,216 | 13,848 | 12,382 | - | 9,918 | 9,766 | 10,303 | 10,132 | 9,364 | 7,221 | 8,342 | 7,705 | 6,301 | 5,355 | 4,516 | |
| Document | |||||||||||||||||||||
The accounts for financial year 2005 were filed as a document without figures as data, a scan for example.
The notes to these accounts have 14 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 24-08-2026.
2025 annual accounts filed 24 days after the deadline. Filed on 24 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00429862.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 24-08-2026 | 2026-00429862 | |
| 31-12-2024 | full format | 17-08-2025 | 2025-00390780 | |
| 31-12-2023 | full format | 19-07-2024 | 2024-00282884 | |
| 31-12-2022 | full format | 31-07-2023 | 2023-00309944 | |
| 31-12-2021 | full format | 10-08-2022 | 2022-20297398 | |
| 31-12-2020 | full format | 31-08-2021 | 2021-65100493 | |
| 31-12-2019 | full format | 30-10-2020 | 2020-67400027 | |
| 31-12-2018 | full format | 23-10-2019 | 2019-71300224 | |
| 31-12-2017 | full format | 09-08-2018 | 2018-44600594 | |
| 31-12-2016 | full format | 24-10-2017 | 2017-68100019 | |
| 31-12-2015 | full format | 21-09-2016 | 2016-61200527 | |
| 31-12-2014 | full format | 31-08-2015 | 2015-56300254 | |
| 31-12-2013 | full format | 26-09-2014 | 2014-61000542 | |
| 31-12-2012 | full format | 03-12-2013 | 2013-67800105 | |
| 31-12-2011 | full format | 08-03-2013 | 2013-06000421 | |
| 31-12-2010 | full format | 23-12-2011 | 2011-64800265 | |
| 31-12-2009 | full format | 30-09-2010 | 2010-56300374 | |
| 31-12-2008 | full format | 28-08-2009 | 2009-70300126 | |
| 31-12-2007 | full format | 29-08-2008 | 2008-67000336 | |
| 31-12-2006 | full format | 30-08-2007 | 2007-64300312 | |
| 31-12-2005 | full format | 31-08-2006 | 2006-72204434 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 216,736 | 239,912 | 171,970 | 176,896 | 230,595 | 142,097 | 126,194 | 95,129 | 85,459 | 101,214 | 73,780 | 69,811 | 61,439 | 101,166 | 89,048 | 42,385 | 41,058 | 47,839 | 30,661 | 45,149 | ||
| 101,157 | 139,539 | 87,646 | 99,598 | 109,132 | 100,053 | 91,985 | 70,245 | 61,238 | 67,062 | 45,399 | 50,730 | 42,191 | 79,956 | 64,639 | 32,837 | 34,809 | 42,003 | 23,257 | 35,281 | ||
| 74,807 | 14,393 | 18,253 | 23,488 | 10,423 | 1,600 | 10,879 | 14,750 | 36,681 | 20,665 | 1,232 | 6,490 | 13,785 | 21,850 | 10,634 | 111,458 | 2,541 | 15,348 | 29,609 | 7,656 | ||
| -313,254 | 94,991 | 133,091 | 52,085 | 89,811 | 131,927 | 91,326 | 44,219 | 36,327 | 49,629 | 31,567 | 17,815 | 10,493 | 88,003 | 35,635 | 22,869 | -16,692 | -2,529 | 46,280 | - | ||
| 544,029 | 583,530 | 509,957 | 483,868 | 442,100 | 428,687 | 371,880 | 276,462 | 230,793 | 209,633 | 172,411 | 138,235 | 103,525 | 84,209 | 36,169 | 2,671 | 43,015 | 47,504 | 25,062 | 29,934 | ||
| 52.5% | 53.5% | 49.3% | 54.9% | 50.9% | 53.5% | 60.1% | 71.3% | 68.0% | 62.6% | 58.6% | 48.7% | 47.7% | 42.3% | 34.8% | 18.0% | 31.9% | 28.6% | 21.9% | 41.5% | ||
| 2.19 | 2.29 | 2.04 | 2.32 | 2.13 | 2.61 | 2.78 | 3.13 | 2.92 | 2.71 | 2.63 | 2.02 | 1.95 | 1.71 | 1.37 | 1.02 | 1.83 | 1.61 | 1.39 | 1.82 | ||
| 2.16 | 2.27 | 2.03 | 2.31 | 2.11 | 2.59 | 2.74 | 3.09 | 2.87 | 2.68 | 2.60 | 2.00 | 1.92 | 1.68 | 1.35 | 1.00 | 1.78 | 1.60 | 1.38 | 1.82 | ||
| 0.79 | 0.79 | 0.96 | 0.75 | 0.90 | 0.69 | 0.58 | 0.40 | 0.47 | 0.60 | 0.71 | 1.05 | 1.10 | 1.36 | 1.87 | 4.54 | 1.79 | 2.22 | 3.15 | 1.41 | ||
| 14.6% | 22.4% | 14.5% | 18.5% | 21.8% | 21.5% | 17.8% | 14.3% | 14.2% | 19.2% | 13.4% | 13.1% | 10.3% | 38.9% | 45.8% | 17.9% | 20.9% | 32.8% | 3.0% | 38.5% | ||
| 7.6% | 12.0% | 7.2% | 10.2% | 11.1% | 11.5% | 10.7% | 10.2% | 9.7% | 12.0% | 7.8% | 6.4% | 4.9% | 16.4% | 15.9% | 3.2% | 6.7% | 9.4% | 0.7% | 16.0% | ||
| 2.46 | 5.41 | 3.19 | 4.13 | 2.87 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBIT margin: not included in this filing.
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.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 26 | 18 | 23 | 22 | 21 |
| full-time | 0 | 0 | 0 | 0 | - |
| part-time | 26 | 18 | 23 | 22 | 21 |
| in full-time equivalents | 9.7 | 6.8 | 7.9 | 7.8 | 7.7 |
| 8.9 | 7.6 | 8.4 | 7.9 | 8.8 | |
| On a permanent contract | 4 | 2 | 2 | 3 | 4 |
| Joined | 180 | 145 | 112 | 63 | 153 |
| Left | 213 | 249 | 144 | 113 | 156 |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €74,807 | €14,393 | €18,253 | €23,488 | €10,423 |
| Financial fixed assets | €0 | - | - | - | - |
| €17,376 | €10,765 | €13,250 | €9,795 | €14,742 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 13% lower than in 2024.
Debt's share of the balance-sheet total falls from 42.1% to 41.7%. Equity and debt are higher.
MPA has no parent and no holdings in its annual accounts. PARENT Mathieu Didier Christian Luc is the only director. MPA shares no director with another company.
| Delahaye, Fabian (sole trader)
establishment since 08-08-2022 |
founded in 2022 0715.843.766 |
| ASSOCIATION DES COPROPRIETAIRES DE LA RESIDENCE BUYSE
registered office since 15-02-2012 |
founded in 2012 0844.387.473 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| MPA SPRL registered office Nieuwe Wereldstraat 2, 7700 Mouscron | 09-08-2004 | 2.139.423.882 | Restaurant |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 54433E0609/00P003 | 178 m² | 1 · 88 m² | 13.1 m · 4 |
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