MPA Consulting
ActiveSummary
MPA Consulting has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €13,117 and a net result of €90,627. Equity is shrinking by ~22.8% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+4
Solvency34▲+3
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.93 against 1.0 in 2023; short-term debt: 91% and cash: 81.7% of total assets), and 91% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
9%
Return on assets
62.4%
Age of the figures
21 mo
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 15-06-2026, 46 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
46 d early
2024
30 d early
2023
51 d early
2022
49 d early
2021
33 d early
2020
45 d early
← 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 42 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
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. Usually files around 15 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Equity
€13,117▼ 41.7%
2023 · €22,490
Total assets
€145,328▼ 59.8%
2023 · €361,917
Net result
€90,627▲ 14.2%
2023 · €79,329
Working capital
-€8,675▼ 2,461%
2023 · -€339
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€105,360-€110,596▲ 5.0%€95,193▼ 13.9%€100,617▲ 5.7%€107,262▲ 6.6%
Net result€82,492above the sector's middle half-€86,760above the sector's middle half▲ 5.2%€71,409above the sector's middle half▼ 17.7%€79,329above the sector's middle half▲ 11.1%€90,627above the sector's middle half▲ 14.2%
Equity€84,992within the sector's middle half-€171,752above the sector's middle half▲ 102%€243,161above the sector's middle half▲ 41.6%€22,490below the sector's middle half▼ 90.8%€13,117below the sector's middle half▼ 41.7%
Total assets€111,786within the sector's middle half-€233,151within the sector's middle half▲ 109%€275,819within the sector's middle half▲ 18.3%€361,917above the sector's middle half▲ 31.2%€145,328within the sector's middle half▼ 59.8%
Debt€26,794-€61,400▲ 129%€32,658▼ 46.8%€339,427▲ 939%€132,211▼ 61.0%
Working capital€80,199within the sector's middle half-€167,908above the sector's middle half▲ 109%€235,455above the sector's middle half▲ 40.2%-€339below the sector's middle half-€8,675below the sector's middle half▼ 2,461%
Solvency76.0%within the sector's middle half-73.7%within the sector's middle half▼ 2.4pp88.2%above the sector's middle half▲ 14.5pp6.2%below the sector's middle half▼ 81.9pp9.0%below the sector's middle half▲ 2.8pp
Current ratio3.99within the sector's middle half-3.73within the sector's middle half▼ 0.268.21above the sector's middle half▲ 4.481.00below the sector's middle half▼ 7.210.93below the sector's middle half▼ 0.06
Return on assets (ROA)73.8%above the sector's middle half-37.2%above the sector's middle half▼ 36.6pp25.9%within the sector's middle half▼ 11.3pp21.9%within the sector's middle half▼ 4.0pp62.4%above the sector's middle half▲ 40.4pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 7% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €145,328
Fixed assets
€21,792 ▼ 4.5%
Current assets
€123,536 ▼ 63.6%
Equity and liabilities €145,328
Equity
€13,117 ▼ 41.7%
Debt
€132,211 ▼ 61.0%
Debt's share of the balance-sheet total falls from 93.8% to 91.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€113,902▲
2023 · €105,219
Cash flow
€97,268▲
2023 · €83,932
Debt to equity
10.08▼
2023 · 15.09
ROE
690.9%▲
2023 · 352.7%
Interest coverage
477.58▲
2023 · 415.20
Debt ≤ 1 year
€132,211▼
2023 · €339,427
Income taxes
€29,392▲
2023 · €21,034
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,153 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,153 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,705 | €2,602 | €3,804 | €4,603 | €6,641 | ▲ 44.3% |
| Other operating charges640/8 | - | €407 | €1,250 | €1,262 | €1,586 | ▲ 25.6% |
| Gross operating margin9900 | €108,265 | €113,606 | €100,247 | €106,482 | €115,488 | ▲ 8.5% |
| Operating profit (loss)9901 | €105,360 | €110,596 | €95,193 | €100,617 | €107,262 | ▲ 6.6% |
| Financial income75/76B | - | €973 | €41 | - | €12,995 | - |
| Recurring financial income75 | €412 | €973 | €41 | - | €12,995 | - |
| Financial charges65/66B | - | €1,087 | €4,334 | €253 | €239 | ▼ 5.9% |
| Recurring financial charges65 | €30 | €1,087 | €4,334 | €253 | €239 | ▼ 5.9% |
| Profit (loss) for the period before taxes9903 | €105,741 | €110,483 | €90,900 | €100,363 | €120,018 | ▲ 19.6% |
| Income taxes67/77 | €23,249 | €23,723 | €19,490 | €21,034 | €29,392 | ▲ 39.7% |
| Profit (loss) for the period9904 | €82,492 | €86,760 | €71,409 | €79,329 | €90,627 | ▲ 14.2% |
| Profit (loss) for the period to be appropriated9905 | €82,492 | €86,760 | €71,409 | €79,329 | €90,627 | ▲ 14.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €111,786 | €233,151 | €275,819 | €361,917 | €145,328 | ▼ 59.8% |
| Formation expenses20 | - | - | - | - | €0 | - |
| Fixed assets21/28 | €4,793 | €3,844 | €7,706 | €22,829 | €21,792 | ▼ 4.5% |
| Tangible fixed assets22/27 | €4,793 | €3,844 | €7,706 | €22,829 | €21,792 | ▼ 4.5% |
| Plant, machinery and equipment23 | - | €1,535 | €7,018 | €19,972 | €15,371 | ▼ 23.0% |
| Furniture and vehicles24 | - | €2,309 | €688 | €2,857 | €6,420 | ▲ 125% |
| Current assets29/58 | €106,993 | €229,308 | €268,112 | €339,088 | €123,536 | ▼ 63.6% |
| Amounts receivable within one year40/41 | €16,994 | €2,403 | €2,723 | - | €4,811 | - |
| Trade receivables40 | - | €877 | €2,650 | - | €1,923 | - |
| Other amounts receivable41 | - | €1,526 | €73 | - | €2,887 | - |
| Current investments50/53 | - | €57,631 | €60,162 | €254,115 | - | - |
| Cash at bank and in hand54/58 | €89,707 | €169,081 | €205,227 | €84,973 | €118,670 | ▲ 39.7% |
| Deferred charges and accrued income490/1 | - | €193 | - | - | €56 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €111,786 | €233,151 | €275,819 | €361,917 | €145,328 | ▼ 59.8% |
| Equity10/15 | €84,992 | €171,752 | €243,161 | €22,490 | €13,117 | ▼ 41.7% |
| Contributions10/11 | - | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | €82,492 | €169,252 | €240,661 | €19,990 | €10,617 | ▼ 46.9% |
| Distributable reserves133 | - | €169,252 | €240,661 | €19,990 | €10,617 | ▼ 46.9% |
| Amounts payable17/49 | €26,794 | €61,400 | €32,658 | €339,427 | €132,211 | ▼ 61.0% |
| Amounts payable within one year42/48 | €26,794 | €61,400 | €32,658 | €339,427 | €132,211 | ▼ 61.0% |
| Trade debts44 | €472 | €1,304 | €131 | €3,806 | €8,039 | ▲ 111% |
| Suppliers440/4 | - | €1,304 | €131 | €3,806 | €8,039 | ▲ 111% |
| Taxes, remuneration and social security45 | - | €60,096 | €32,527 | €79,190 | €39,172 | ▼ 50.5% |
| Taxes450/3 | - | €60,096 | €32,527 | €79,190 | €39,172 | ▼ 50.5% |
| Other amounts payable47/48 | - | - | - | €256,431 | €85,000 | ▼ 66.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €82,492 | €86,760 | €71,409 | €79,329 | €90,627 | ▲ 14.2% |
| + Depreciation and write-downs630 | €2,705 | €2,602 | €3,804 | €4,603 | €6,641 | ▲ 44.3% |
| Operating cash flow (approximation) | €85,197 | €89,362 | €75,213 | €83,932 | €97,268 | ▲ 15.9% |
| Investment in fixed assets (approximation) | - | -€1,653 | -€7,666 | -€19,725 | -€5,604 | ▲ 71.6% |
| Change in cash | - | €79,374 | €36,147 | -€120,254 | €33,697 | ▲ 128% |
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
15-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €90,627 ▲14.2%
Net result €90,627, the highest in the series.
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €71,409 ▼17.7%
Net result drops to €71,409, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 8.21
Current ratio from 3.73 to 8.21; short-term debt falls from €61,400 to €32,658.
31-12
Financial
Equity above €200,000Eq €243,161 ▲41.6%
3 profitable years in a row build equity to €243,161.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150,000Eq €171,752 ▲102%
2 profitable years in a row build equity to €171,752.
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Merelbeke-Melle · 1 establishment unit since 2019
Ground area
1,126 m²
Building footprint
178 m²
Volume, LiDAR
790 m³
Parcel 44413A0472/00T000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MPA Consulting
since 20192.293.851.050
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44413A0472/00T000 | Flanders | 1,126 m² | 1 · 177 m² | 8.6 m · 2 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
Legal Entity Identifier
894500SCZMKM6O0EQ346
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Of 30,008 companies in sector 62200 we hold annual accounts for 18,400. 11,001 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
Founded24-09-2019
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID
0208:0734837455
Also
9925:BE0734837455
Registered
07-08-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.