Mpact
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 02-06-2026 PDF all 17 filings
Turnover
≈ €1.5m
Estimated: probably between €1.4m and €1.7m
Total assets
€2.7m▲ 2.6%
2024 · €2.6m
Net result
€20,012▼ 41.9%
2024 · €34,429
Working capital
€191,885▲ 39.0%
2024 · €138,036
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€24,142
▼ 58.0%
2025
20182025
Net result
€20,012
▼ 41.9%
2025
middle half of the sector
20182025
Equity
€557,633
▲ 3.7%
2025
middle half of the sector
20182025
Total assets
€2.7m
▲ 2.6%
2025
middle half of the sector
20182025
Debt
€2.0m
▲ 2.5%
2025
20182025
Working capital
€191,885
▲ 39.0%
2025
middle half of the sector
20182025
Solvency
20.6%
▲ 0.2pp
2025
lowest quarter of the sector
20182025
Current ratio
1.12
▲ 0.03
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
0.7%
▼ 0.6pp
2025
middle half of the sector
20182025
Staff (FTE)
16.9
▼ 28.7%
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.02m-€0.02m▲ 6.4%€0.009m▼ 61.4%€0.02m▲ 127%-€0.001m€0.03m€0.06m▲ 127%€0.02m▼ 58.0%
Net result€0.01m-€0.01m▲ 11.6%€0.02mwithin the sector's middle half▲ 26.0%€0.02mwithin the sector's middle half▲ 7.4%€0.01mwithin the sector's middle half▼ 25.7%€0.03mwithin the sector's middle half▲ 78.0%€0.03mwithin the sector's middle half▲ 34.7%€0.02mwithin the sector's middle half▼ 41.9%
Equity€0.4m-€0.4m▲ 3.8%€0.4mwithin the sector's middle half▲ 4.6%€0.4mwithin the sector's middle half▲ 4.7%€0.5mwithin the sector's middle half▲ 10.8%€0.5mwithin the sector's middle half▲ 5.4%€0.5mwithin the sector's middle half▲ 6.8%€0.6mwithin the sector's middle half▲ 3.7%
Total assets€2.3m-€2.1m▼ 5.7%€2.0mwithin the sector's middle half▼ 6.9%€2.4mwithin the sector's middle half▲ 18.6%€2.2mwithin the sector's middle half▼ 7.8%€2.3mwithin the sector's middle half▲ 5.6%€2.6mwithin the sector's middle half▲ 14.3%€2.7mwithin the sector's middle half▲ 2.6%
Debt€1.7m-€1.6m▼ 8.4%€1.4m▼ 10.6%€1.8m▲ 25.1%€1.6m▼ 9.5%€1.7m▲ 6.1%€2.0m▲ 17.6%€2.0m▲ 2.5%
Working capital€0.3m-€0.3m▲ 9.2%€0.2mwithin the sector's middle half▼ 29.3%€0.3mwithin the sector's middle half▲ 40.8%€0.1mbelow the sector's middle half▼ 50.1%€0.1mbelow the sector's middle half▼ 33.5%€0.1mwithin the sector's middle half▲ 44.1%€0.2mwithin the sector's middle half▲ 39.0%
Solvency16.7%-18.4%▲ 1.7pp20.7%below the sector's middle half▲ 2.3pp18.3%below the sector's middle half▼ 2.4pp21.9%below the sector's middle half▲ 3.7pp21.9%below the sector's middle half=20.4%below the sector's middle half▼ 1.4pp20.6%below the sector's middle half▲ 0.2pp
Current ratio1.32-1.40▲ 0.081.33below the sector's middle half▼ 0.071.28below the sector's middle half▼ 0.051.16below the sector's middle half▼ 0.121.09below the sector's middle half▼ 0.071.09below the sector's middle half▲ 0.011.12below the sector's middle half▲ 0.03
Return on assets (ROA)0.6%-0.7%▲ 0.1pp0.9%within the sector's middle half▲ 0.2pp0.8%within the sector's middle half▼ 0.1pp0.7%within the sector's middle half▼ 0.2pp1.1%within the sector's middle half▲ 0.5pp1.3%within the sector's middle half▲ 0.2pp0.7%within the sector's middle half▼ 0.6pp
Staff (FTE)17.1-19▲ 11.1%18.5within the sector's middle half▼ 2.6%18.6within the sector's middle half▲ 0.5%20.8within the sector's middle half▲ 11.8%24within the sector's middle half▲ 15.4%23.7within the sector's middle half▼ 1.3%16.9within the sector's middle half▼ 28.7%
above
within
below
The sector band is the middle half of the companies in Social work activities without accommodation (NACE 88). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 58% lower than in 2024.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.7m
Fixed assets
€935,255 ▼ 7.0%
Current assets
€1.8m ▲ 8.6%
Equity and liabilities €2.7m
Equity
€557,633 ▲ 3.7%
Provisions
€115,430 =
Debt
€2.0m ▲ 2.5%
Debt's share of the balance-sheet total falls from 75.2% to 75.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€99,746▼
2024 · €144,432
Cash flow
€95,617▼
2024 · €121,369
Debt to equity
3.64▼
2024 · 3.68
ROE
3.6%▼
2024 · 6.4%
Interest coverage
4.11▼
2024 · 5.11
Debt ≤ 1 year
€1.6m▲
2024 · €1.5m
Debt > 1 year
€386,130▼
2024 · €428,713
Income taxes
€187▲
2024 · -€128
Staff costs
€1.2m▼
2024 · €1.7m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 25 | 28 | 29 | 26 | 18 |
| full-time | 16 | 13 | 15 | 14 | 8 |
| part-time | 9 | 15 | 14 | 12 | 10 |
| in full-time equivalents | 21.2 | 22.3 | 24.4 | 22.5 | 15.5 |
| Average over the year, in full-time equivalents | 18.6 | 20.8 | 24 | 23.7 | 16.9 |
| On a permanent contract | 24 | 27 | 28 | 24 | 18 |
| Joined | 7 | 10 | 43 | 46 | 2 |
| Left | 3 | 7 | 42 | 49 | 10 |
| Training hours | - | 76 | 83 | 235 | 87 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €663,288 | €604,087 | €546,217 | €495,452 | €442,059 |
| Mortgages, amount registered | €225,000 | €225,000 | €225,000 | €225,000 | €225,000 |
| Carrying value of the mortgaged assets | €880,000 | €836,000 | €814,000 | €770,000 | €726,000 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €10,011 | €34,017 | €130,042 | €14,014 | €12,120 |
| Financial fixed assets | - | - | €11,819 | - | €8,000 |
| Depreciation and write-downs of the year | €58,939 | €65,782 | €65,770 | €86,940 | €75,605 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 15 entries · €991,720 awarded · €951,756 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 4 | €254,228 | €254,093 |
| 2024 | 4 | €259,004 | €275,632 |
| 2023 | 4 | €247,622 | €230,117 |
| 2022 | 3 | €230,866 | €191,914 |
Federal government
2024 · 1 entry · €9,400 in total| Year | Department | Transactions | Amount |
|---|---|---|---|
| 2024 | FOD Mobiliteit | 1 | €9,400 |
European Union, budget
2025 · 1 entry · €54,091 in totalProjects
ACTION GRANT
European research
3 projects · €419,086 EU contributionProgrammes
Projects
Open social transport network for urban approach to carpooling
Towards more accessIble and iNCLUSIve mObility solutions for EuropeaN prioritised areas
Governing, Optimising and Leveraging Innovations proActively for shaping future proof holistic mobility system through data-driven and social optimum-led model
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €0.005m | €0 | €0.007m | €0.06m | ▲ 729% |
| Remuneration, social security and pensions62 | - | - | - | €1.2m | €1.4m | €1.6m | €1.7m | €1.2m | ▼ 28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.06m | €0.06m | €0.06m | €0.06m | €0.07m | €0.07m | €0.09m | €0.08m | ▼ 13.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | - | €0.01m | - |
| Other operating charges640/8 | - | - | - | €0.04m | €0.001m | €0.001m | €0.04m | €0.07m | ▲ 84.1% |
| Non-recurring operating charges66A | - | - | - | - | €0.001m | €0.001m | €0.002m | €0.003m | ▲ 10.0% |
| Gross operating margin9900 | €1.1m | €1.2m | €1.3m | €1.3m | €1.4m | €1.7m | €1.8m | €1.4m | ▼ 25.4% |
| Operating profit (loss)9901 | €0.02m | €0.02m | €0.009m | €0.02m | -€0.001m | €0.03m | €0.06m | €0.02m | ▼ 58.0% |
| Financial income75/76B | - | - | - | €0.006m | €0.02m | €0.01m | €0.005m | €0.02m | ▲ 303% |
| Recurring financial income75 | €0.004m | €0.005m | €0.01m | €235 | €0.02m | €0.01m | €0.005m | €0.02m | ▲ 303% |
| Non-recurring financial income76B | - | - | - | €0.006m | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €0.006m | €0.006m | €0.009m | €0.03m | €0.02m | ▼ 14.0% |
| Recurring financial charges65 | €0.01m | €0.01m | €0.009m | €0.006m | €0.006m | €0.009m | €0.03m | €0.02m | ▼ 14.0% |
| Non-recurring financial charges66B | - | - | - | €0.001m | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €0.01m | €0.02m | €0.02m | €0.02m | €0.02m | €0.03m | €0.03m | €0.02m | ▼ 41.1% |
| Income taxes67/77 | - | - | €0.001m | €0.001m | €0.001m | €0.001m | -€128 | €187 | - |
| Profit (loss) for the period9904 | €0.01m | €0.01m | €0.02m | €0.02m | €0.01m | €0.03m | €0.03m | €0.02m | ▼ 41.9% |
| Profit (loss) for the period to be appropriated9905 | €0.01m | €0.01m | €0.02m | €0.02m | €0.01m | €0.03m | €0.03m | €0.02m | ▼ 41.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.3m | €2.1m | €2.0m | €2.4m | €2.2m | €2.3m | €2.6m | €2.7m | ▲ 2.6% |
| Fixed assets21/28 | €1.2m | €1.1m | €1.2m | €1.0m | €1.1m | €1.1m | €1.0m | €0.9m | ▼ 7.0% |
| Tangible fixed assets22/27 | €1.0m | €1.0m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.8m | ▼ 7.5% |
| Land and buildings22 | - | - | - | €0.9m | €0.8m | €0.9m | €0.8m | €0.8m | ▼ 6.5% |
| Plant, machinery and equipment23 | - | - | - | - | - | €0.003m | €0.001m | €0.001m | ▼ 44.6% |
| Furniture and vehicles24 | - | - | - | €0.01m | €0.02m | €0.03m | €0.02m | €0.009m | ▼ 48.8% |
| Financial fixed assets28 | €0.1m | €0.1m | €0.2m | €0.1m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 4.5% |
| Current assets29/58 | €1.1m | €1.0m | €0.8m | €1.3m | €1.1m | €1.2m | €1.6m | €1.8m | ▲ 8.6% |
| Amounts receivable within one year40/41 | €0.8m | €0.8m | €0.5m | €1.0m | €0.8m | €1.0m | €1.4m | €1.2m | ▼ 11.1% |
| Trade receivables40 | - | - | - | €0.9m | €0.6m | €0.8m | €0.8m | €0.3m | ▼ 66.0% |
| Other amounts receivable41 | - | - | - | €0.1m | €0.2m | €0.1m | €0.6m | €1.0m | ▲ 71.3% |
| Cash at bank and in hand54/58 | €0.3m | €0.2m | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | €0.5m | ▲ 124% |
| Deferred charges and accrued income490/1 | - | - | - | €0.01m | €0.01m | €0.003m | €0 | €0.006m | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.3m | €2.1m | €2.0m | €2.4m | €2.2m | €2.3m | €2.6m | €2.7m | ▲ 2.6% |
| Equity10/15 | €0.4m | €0.4m | €0.4m | €0.4m | €0.5m | €0.5m | €0.5m | €0.6m | ▲ 3.7% |
| Contributions10/11 | - | - | - | - | €0.4m | €0.5m | €0.5m | €0.5m | ▲ 4.0% |
| Capital10 | - | - | - | - | €0.4m | €0.5m | €0.5m | €0.5m | ▲ 4.0% |
| Reserves13 | - | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Provisions and deferred taxes16 | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Provisions for liabilities and charges160/5 | - | - | - | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Other liabilities and charges164/5 | - | - | - | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Amounts payable17/49 | €1.7m | €1.6m | €1.4m | €1.8m | €1.6m | €1.7m | €2.0m | €2.0m | ▲ 2.5% |
| Amounts payable after more than one year17 | €0.8m | €0.8m | €0.7m | €0.7m | €0.6m | €0.5m | €0.4m | €0.4m | ▼ 9.9% |
| Financial debts170/4 | - | - | - | €0.7m | €0.6m | €0.5m | €0.4m | €0.4m | ▼ 9.9% |
| Amounts payable within one year42/48 | €0.8m | €0.7m | €0.6m | €1.0m | €0.9m | €1.1m | €1.5m | €1.6m | ▲ 5.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €0.06m | €0.07m | €0.06m | ▼ 16.2% |
| Trade debts44 | €0.5m | €0.6m | €0.4m | €0.5m | €0.5m | €0.4m | €0.7m | €0.5m | ▼ 22.9% |
| Suppliers440/4 | - | - | - | €0.5m | €0.5m | €0.4m | €0.7m | €0.5m | ▼ 22.9% |
| Advances received on contracts in progress46 | - | - | - | €0.3m | €0.2m | €0.3m | €0.5m | €0.9m | ▲ 77.3% |
| Taxes, remuneration and social security45 | - | - | - | €0.3m | €0.2m | €0.3m | €0.3m | €0.1m | ▼ 47.0% |
| Taxes450/3 | - | - | - | €0.06m | €0.03m | €0.06m | €0.03m | €0.001m | ▼ 97.4% |
| Remuneration and social security454/9 | - | - | - | €0.2m | €0.2m | €0.3m | €0.2m | €0.1m | ▼ 40.6% |
| Accrued charges and deferred income492/3 | - | - | - | €0.05m | €0.05m | €0.08m | €0.06m | €0.07m | ▲ 9.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,810 | €14,291 | €18,008 | €19,346 | €14,368 | €25,569 | €34,429 | €20,012 | ▼ 41.9% |
| + Depreciation and write-downs630 | €64,249 | €62,360 | €58,439 | €58,939 | €65,782 | €65,770 | €86,940 | €75,605 | ▼ 13.0% |
| Operating cash flow (approximation) | €77,059 | €76,652 | €76,447 | €78,285 | €80,150 | €91,339 | €121,369 | €95,617 | ▼ 21.2% |
| Investment in fixed assets (approximation) | - | -€9,771 | -€100,321 | €65,520 | -€137,017 | -€53,861 | €986 | -€5,120 | - |
| Change in cash | - | -€141,511 | €119,078 | -€14,383 | -€35,667 | -€21,788 | €5,205 | €288,461 | ▲ 55× |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 4,685 companies had the same profile as Mpact has now. Two years later, 96.9% were still going and 1.1% had gone bankrupt.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
96.9%
was still going
1.9%
stopped otherwise
1.1%
went bankrupt
The bankruptcy probability of Mpact itself is lower: < 0.1% within 12 months. It rests on far more data about Mpact than the profile alone.
Test of the method
The method was tested on the 497,446 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 4,685 companies, not a prediction for Mpact. 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.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 02-06-2026 | 2026-00132472 | |
| 31-12-2024 | abbreviated format | 15-07-2025 | 2025-00272082 | |
| 31-12-2023 | abbreviated format | 07-05-2024 | 2024-00088101 | |
| 31-12-2022 | abbreviated format | 06-07-2023 | 2023-00216239 | |
| 31-12-2021 | abbreviated format | 02-05-2022 | 2022-20022848 | |
| 31-12-2020 | abbreviated format | 21-05-2021 | 2021-15300328 | |
| 31-12-2019 | abbreviated format | 15-05-2020 | 2020-12300219 | |
| 31-12-2018 | abbreviated format | 27-05-2019 | 2019-14600356 | |
| 31-12-2017 | abbreviated format | 12-06-2018 | 2018-18100512 | |
| 31-12-2016 | abbreviated format | 23-05-2017 | 2017-13200153 |