MPETS
ActiveSummary
MPETS has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €645,702 and a net result of €91,454. Equity is growing by ~50.5% per year across the filed fiscal years. Its solvency ranks better than 32% of 9636 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability32▼-29
Solvency49▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity tight (current ratio 1.31 against 1.4 in 2023; short-term debt: 75.5% and cash: 17% of total assets), and 75.9% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Two signals. The signal on the left, the evidence on the right.
+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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
86 d late
2022
32 d late
2021
50 d late
2020
4 d early
2019
83 d late
← 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 51 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€645,702▲ 16.5%
2023 · €554,248
Total assets
€2.7m▲ 43.3%
2023 · €1.9m
Net result
€91,454▼ 69.3%
2023 · €298,052
Working capital
€620,923▲ 16.8%
2023 · €531,701
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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€407,918-€186,200-€340,632▼ 82.9%€429,870€187,729▼ 56.3%
Net result€392,894above the sector's middle half-€274,047below the sector's middle half-€591,865below the sector's middle half▼ 116%€298,052above the sector's middle half€91,454within the sector's middle half▼ 69.3%
Equity€124,403within the sector's middle half-€149,644below the sector's middle half€256,196within the sector's middle half€554,248within the sector's middle half▲ 116%€645,702within the sector's middle half▲ 16.5%
Total assets€1.3mwithin the sector's middle half▲ 66.9%€982,035within the sector's middle half▼ 25.1%€938,612within the sector's middle half▼ 4.4%€1.9mabove the sector's middle half▲ 99.3%€2.7mabove the sector's middle half▲ 43.3%
Debt€1.2m▼ 10.8%€1.1m▼ 4.6%€682,416▼ 39.7%€1.3m▲ 92.9%€2.0m▲ 54.6%
Working capital€569,309above the sector's middle half▲ 123%€225,317within the sector's middle half▼ 60.4%€237,086within the sector's middle half▲ 5.2%€531,701above the sector's middle half▲ 124%€620,923above the sector's middle half▲ 16.8%
Solvency9.5%below the sector's middle half▲ 78.8pp-15.2%below the sector's middle half▼ 24.7pp27.3%within the sector's middle half▲ 42.5pp29.6%within the sector's middle half▲ 2.3pp24.1%within the sector's middle half▼ 5.5pp
Current ratio1.79within the sector's middle half▲ 0.281.31within the sector's middle half▼ 0.491.35within the sector's middle half▲ 0.041.40within the sector's middle half▲ 0.061.31within the sector's middle half▼ 0.10
Return on assets (ROA)30.0%above the sector's middle half▲ 128.6pp-27.9%below the sector's middle half▼ 57.9pp-63.1%below the sector's middle half▼ 35.2pp15.9%above the sector's middle half▲ 79.0pp3.4%within the sector's middle half▼ 12.5pp
Staff (FTE)5.6within the sector's middle half▲ 14.3%4.9within the sector's middle half▼ 12.5%6.3within the sector's middle half▲ 28.6%7.2within the sector's middle half▲ 14.3%8.7above the sector's middle half▲ 20.8%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 56% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.7m
Fixed assets
€34,781 ▲ 54.3%
Current assets
€2.6m ▲ 43.2%
Equity and liabilities €2.7m
Equity
€645,702 ▲ 16.5%
Debt
€2.0m ▲ 54.6%
Debt's share of the balance-sheet total rises from 70.4% to 75.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€193,122▼
2023 · €434,554
Cash flow
€96,847▼
2023 · €302,736
Quick ratio
1.18▼
2023 · 1.40
Debt to equity
3.15▲
2023 · 2.38
ROE
14.2%▼
2023 · 53.8%
Interest coverage
1.08▼
2023 · 2.63
Debt ≤ 1 year
€2.0m▲
2023 · €1.3m
Income taxes
€1,457▲
2023 · €284
Staff costs
€604,113▲
2023 · €442,234
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,504 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.2%
went bankrupt
1.6%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 4,504 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €68,929 | €142,608 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €374,004 | €471,235 | €442,234 | €604,113 | ▲ 36.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,396 | €7,108 | €4,182 | €4,684 | €5,393 | ▲ 15.1% |
| Other operating charges640/8 | - | €8,159 | €3,524 | €128,087 | €2,558 | ▼ 98.0% |
| Non-recurring operating charges66A | - | - | €142,608 | €65,821 | €0 | ▼ 100% |
| Gross operating margin9900 | €806,350 | €203,071 | €280,916 | €1.1m | €799,793 | ▼ 25.3% |
| Operating profit (loss)9901 | €407,918 | -€186,200 | -€340,632 | €429,870 | €187,729 | ▼ 56.3% |
| Financial income75/76B | - | €51,801 | €93,618 | €33,940 | €83,724 | ▲ 147% |
| Recurring financial income75 | €131,278 | €51,801 | €93,618 | €33,940 | €83,724 | ▲ 147% |
| Financial charges65/66B | - | €139,453 | €280,041 | €165,474 | €178,543 | ▲ 7.9% |
| Recurring financial charges65 | €145,950 | €139,453 | €280,041 | €165,474 | €178,543 | ▲ 7.9% |
| Profit (loss) for the period before taxes9903 | €393,246 | -€273,851 | -€527,055 | €298,336 | €92,911 | ▼ 68.9% |
| Income taxes67/77 | €352 | €196 | €64,810 | €284 | €1,457 | ▲ 412% |
| Profit (loss) for the period9904 | €392,894 | -€274,047 | -€591,865 | €298,052 | €91,454 | ▼ 69.3% |
| Profit (loss) for the period to be appropriated9905 | €392,894 | -€274,047 | -€591,865 | €298,052 | €91,454 | ▼ 69.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €982,035 | €938,612 | €1.9m | €2.7m | ▲ 43.3% |
| Fixed assets21/28 | €24,647 | €20,658 | €19,110 | €22,547 | €34,781 | ▲ 54.3% |
| Tangible fixed assets22/27 | €11,558 | €7,569 | €6,476 | €9,913 | €22,183 | ▲ 124% |
| Furniture and vehicles24 | - | €7,569 | €6,476 | €9,913 | €22,183 | ▲ 124% |
| Financial fixed assets28 | €13,089 | €13,089 | €12,634 | €12,634 | €12,598 | ▼ 0.3% |
| Current assets29/58 | €1.3m | €961,377 | €919,502 | €1.8m | €2.6m | ▲ 43.2% |
| Stocks and contracts in progress3 | - | - | €3,251 | €582 | €260,674 | ▲ 44,667% |
| Stocks30/36 | - | - | €3,251 | €582 | €260,674 | ▲ 44,667% |
| Amounts receivable within one year40/41 | €1.1m | €816,938 | €767,065 | €1.5m | €1.9m | ▲ 28.2% |
| Trade receivables40 | - | €743,575 | €709,897 | €1.4m | €1.9m | ▲ 34.0% |
| Other amounts receivable41 | - | €73,362 | €57,169 | €86,770 | €30,671 | ▼ 64.7% |
| Cash at bank and in hand54/58 | €226,693 | €135,517 | €149,186 | €338,389 | €455,192 | ▲ 34.5% |
| Deferred charges and accrued income490/1 | - | €8,922 | €0 | €13,724 | €12,481 | ▼ 9.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €982,035 | €938,612 | €1.9m | €2.7m | ▲ 43.3% |
| Equity10/15 | €124,403 | -€149,644 | €256,196 | €554,248 | €645,702 | ▲ 16.5% |
| Contributions10/11 | - | €499,924 | €1.5m | €1.5m | €1.5m | = |
| Profit (loss) carried forward14 | -€375,521 | -€649,568 | -€1.2m | -€943,382 | -€851,928 | ▲ 9.7% |
| Amounts payable17/49 | €1.2m | €1.1m | €682,416 | €1.3m | €2.0m | ▲ 54.6% |
| Amounts payable within one year42/48 | €716,692 | €736,060 | €682,416 | €1.3m | €2.0m | ▲ 53.8% |
| Trade debts44 | €640,070 | €700,888 | €626,056 | €1.3m | €2.0m | ▲ 54.4% |
| Suppliers440/4 | - | €700,888 | €626,056 | €1.3m | €2.0m | ▲ 54.4% |
| Taxes, remuneration and social security45 | - | €35,172 | €32,394 | €45,507 | €61,023 | ▲ 34.1% |
| Taxes450/3 | - | €196 | €98 | €796 | €1,939 | ▲ 144% |
| Remuneration and social security454/9 | - | €34,976 | €32,296 | €44,712 | €59,084 | ▲ 32.1% |
| Other amounts payable47/48 | - | - | €23,966 | €0 | €1,260 | - |
| Accrued charges and deferred income492/3 | - | €395,620 | €0 | - | €10,003 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €392,894 | -€274,047 | -€591,865 | €298,052 | €91,454 | ▼ 69.3% |
| + Depreciation and write-downs630 | €6,396 | €7,108 | €4,182 | €4,684 | €5,393 | ▲ 15.1% |
| Operating cash flow (approximation) | €399,291 | -€266,939 | -€587,683 | €302,736 | €96,847 | ▼ 68.0% |
| Investment in fixed assets (approximation) | - | -€3,119 | -€2,634 | -€8,122 | -€17,627 | ▼ 117% |
| Change in cash | - | -€91,175 | €13,669 | €189,203 | €116,803 | ▼ 38.3% |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
25-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 86 days late
2023
31-12
Financial
Back to profitnet €298,052
Net result €298,052 after 2 loss-making years.
31-12
Financial
Equity above €500,000Eq €554,248 ▲116%
Equity rises from €256,196 to €554,248.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 32 days late
2022
31-12
Financial
Equity above €200,000Eq €256,196
Equity rises from -€149,644 to €256,196.
19-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 50 days late
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €392,894
Net result €392,894 after 2 loss-making years.
31-12
Financial
Equity above €100,000Eq €124,403
Equity rises from -€544,353 to €124,403.
22-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 83 days late
2019
31-12
Financial
Weakest financial yearnet -€774,015
Net result drops to -€774,015, the lowest in the series; recovery starts the following year.
Show earlier events
31-12
Financial
Liquidity triplescurrent ratio 1.51
Current ratio from 0.58 to 1.51; short-term debt falls from €2.6m to €498,100.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 57 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Vilvoorde · 1 establishment unit since 2015
Ground area
1,375 m²
Building footprint
1,372 m²
Volume, LiDAR
14,593 m³
Parcel 23644H0058/00L000, Flanders · tallest building 13.1 m, ±4 floors. Linked by address, not a title deed.
43
companies at this address
See who is registered here
1 establishment unit
Luchthavenlaan 27, 1800 Vilvoorde
since 20152.244.936.524
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23644H0058/00L000 | Flanders | 1,375 m² | 1 · 1,372 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 3,965 EUR awarded · 3,965 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 809 EUR | 809 EUR |
| 2023 | 1 | 2,641 EUR | 2,641 EUR |
| 2022 | 1 | 515 EUR | 515 EUR |
Schemes
Recognitions · licences · registrations
Food safety, FASFC
1 siteVilvoorde2.244.936.524
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Of 1,330 companies in sector 47762 we hold annual accounts for 479. 303 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
Founded08-05-2015
Fiscal year end31-12
Activities, NACEBEL 2025
47762Retail sale of pets, pet food and pet supplies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0629897511
Also
9925:BE0629897511
Registered
17-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.