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MPcreative

Active
Private limited companyfounded 2023active for 3 yearsKoewachterstraat 11, 9041 Gent, BelgiumKBO/BCE: BE 1000.146.016

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 16-12-2025 PDF all 2 filings

Turnover
≈ €120,000
Estimated: probably between €58,000 and €240,000
Total assets
€50,476▲ 23.2%
2024 · €40,963
Net result
€13,290▼ 28.9%
2024 · €18,686
Working capital
€35,891▲ 61.2%
2024 · €22,259
Trend over the years

2024 to 2025, 2 financial years

The operating result for 2025 is 25% lower than in 2024.

Operating result€18,075 2025 Net result€13,290 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Other professional, scientific and technical activities (NACE 74). 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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20242025
Operating result€24,163-€18,075▼ 25.2%
Net result€18,686within the sector's middle half-€13,290within the sector's middle half▼ 28.9%
Equity€23,886within the sector's middle half-€36,343within the sector's middle half▲ 52.2%
Total assets€40,963below the sector's middle half-€50,476within the sector's middle half▲ 23.2%
Debt€17,077-€14,132▼ 17.2%
Working capital€22,259within the sector's middle half-€35,891within the sector's middle half▲ 61.2%
Solvency58.3%within the sector's middle half-72.0%within the sector's middle half▲ 13.7pp
Current ratio2.30within the sector's middle half-3.65within the sector's middle half▲ 1.35
Return on assets (ROA)45.6%above the sector's middle half-26.3%above the sector's middle half▼ 19.3pp
above within below The sector band is the middle half of the companies in Other professional, scientific and technical activities (NACE 74). 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.
Turnover and EBIT margin are not published. The micro 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 €50,476
Fixed assets €1,049 ▼ 35.5%
Current assets €49,427 ▲ 25.7%
Equity and liabilities €50,476
Equity €36,343 ▲ 52.2%
Debt €14,132 ▼ 17.2%
Debt's share of the balance-sheet total falls from 41.7% to 28.0%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€18,653▼
2024 · €24,271
Cash flow
€13,869▼
2024 · €18,794
Debt to equity
0.39▼
2024 · 0.71
ROE
36.6%▼
2024 · 78.2%
Interest coverage
24.94▼
2024 · 91.20
Debt ≤ 1 year
€13,536▼
2024 · €17,077
Income taxes
€4,037▼
2024 · €5,211
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as MPcreative: graphic design and visual communication (NACE 74120). They are comparable in size and age: total assets between €36,400 and €56,800, founded between 2022 and 2023.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
MPcreative Gent2023€50,476€36,343€18,653€13,2902025
DIGITAD Juprelle2023€54,679€40,430€19,886€13,5242025
Thongkam Baan Leuven2023€44,613€30,512€14,935€9,8352025
GRAPHIXPOINT Lokeren2023€52,311€48,944€16,075€11,7822025
GRIT Berlare2023€56,804€11,533€24,294€10,0302025
De Kleurfabriek Oudenaarde2022€55,205€50,159€26,869€14,5322025
Robin Jansson Gent2023€36,388€23,951€15,960€12,6342025

They were chosen from the 1,028 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 39,278 companies had the same profile as MPcreative has now. Two years later, 1.8% had gone bankrupt and 95.9% were still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
95.9% was still going

The bankruptcy probability of MPcreative itself is lower: 0.1% within 12 months. It rests on far more data about MPcreative than the profile alone.

Test of the method

The method was tested on the 497,445 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 39,278 companies, not a prediction for MPcreative. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines

Source: Annual accounts 2025 (PDF), filed on 16-12-2025.

Balance sheet Code20242025
Assets
Total assets20/58€40,963€50,476▲
Fixed assets21/28€1,627€1,049▼
Tangible fixed assets22/27€1,627€1,049▼
Furniture and vehicles24€1,627€1,049▼
Current assets29/58€39,336€49,427▲
Amounts receivable within one year40/41€14,990€12,740▼
Trade receivables40€12,104€9,826▼
Other amounts receivable41€2,887€2,914▲
Cash at bank and in hand54/58€24,345€36,687▲
Equity and liabilities
Total equity and liabilities10/49€40,963€50,476▲
Equity10/15€23,886€36,343▲
Contributions10/11€6,000€6,000=
Reserves13€17,886€30,343▲
Distributable reserves133€17,886€30,343▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€17,077€14,132▼
Amounts payable within one year42/48€17,077€13,536▼
Trade debts44€474€383▼
Suppliers440/4€474€383▼
Taxes, remuneration and social security45€9,081€837▼
Taxes450/3€9,081€837▼
Other amounts payable47/48€7,522€12,317▲
Accrued charges and deferred income492/3-€597
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€108€578▲
Gross operating margin9900€24,271€18,653▼
Operating profit (loss)9901€24,163€18,075▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€266€748▲
Recurring financial charges65€266€748▲
Profit (loss) for the period before taxes9903€23,897€17,327▼
Income taxes67/77€5,211€4,037▼
Profit (loss) for the period9904€18,686€13,290▼
Profit (loss) for the period to be appropriated9905€18,686€13,290▼
Appropriation of the result
Profit (loss) to be appropriated9906€18,686€13,290▼
Transfer to equity691/2€17,886€12,457▼
To other reserves6921€17,886€12,457▼
Profit to be distributed694/7€800€833▲
Return on contributions (dividend)694€800€833▲

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€108€578▲ 437%
Gross operating margin9900€24,271€18,653▼ 23.1%
Operating profit (loss)9901€24,163€18,075▼ 25.2%
Financial income75/76B-€0-
Recurring financial income75-€0-
Financial charges65/66B€266€748▲ 181%
Recurring financial charges65€266€748▲ 181%
Profit (loss) for the period before taxes9903€23,897€17,327▼ 27.5%
Income taxes67/77€5,211€4,037▼ 22.5%
Profit (loss) for the period9904€18,686€13,290▼ 28.9%
Profit (loss) for the period to be appropriated9905€18,686€13,290▼ 28.9%
Line20242025Change
Assets
Total assets20/58€40,963€50,476▲ 23.2%
Fixed assets21/28€1,627€1,049▼ 35.5%
Tangible fixed assets22/27€1,627€1,049▼ 35.5%
Furniture and vehicles24€1,627€1,049▼ 35.5%
Current assets29/58€39,336€49,427▲ 25.7%
Amounts receivable within one year40/41€14,990€12,740▼ 15.0%
Trade receivables40€12,104€9,826▼ 18.8%
Other amounts receivable41€2,887€2,914▲ 1.0%
Cash at bank and in hand54/58€24,345€36,687▲ 50.7%
Equity and liabilities
Total equity and liabilities10/49€40,963€50,476▲ 23.2%
Equity10/15€23,886€36,343▲ 52.2%
Contributions10/11€6,000€6,000=
Reserves13€17,886€30,343▲ 69.6%
Distributable reserves133€17,886€30,343▲ 69.6%
Profit (loss) carried forward14€0€0-
Amounts payable17/49€17,077€14,132▼ 17.2%
Amounts payable within one year42/48€17,077€13,536▼ 20.7%
Trade debts44€474€383▼ 19.3%
Suppliers440/4€474€383▼ 19.3%
Taxes, remuneration and social security45€9,081€837▼ 90.8%
Taxes450/3€9,081€837▼ 90.8%
Other amounts payable47/48€7,522€12,317▲ 63.7%
Accrued charges and deferred income492/3-€597-
Line20242025Change
Profit (loss) for the period9904€18,686€13,290▼ 28.9%
+ Depreciation and write-downs630€108€578▲ 437%
Operating cash flow (approximation)€18,794€13,869▼ 26.2%
Investment in fixed assets (approximation)-€0-
Change in cash-€12,342-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (2)
Financial year Type Filed Reference Document
30-06-2025 micro format 16-12-2025 2025-00582570 PDF
30-06-2024 micro format 26-11-2024 2024-00604421 PDF

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