MPGA
Bankruptcy closedInactive since 14-05-2026; last annual accounts for fiscal year 2023.
Summary
MPGA was declared bankrupt on 27-01-2025 (Tribunal de l’entreprise de Liège, division Liège); the bankruptcy was closed by liquidation by judgment of 12-05-2026, published in the Belgian State Gazette on 18-05-2026.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 27-09-2024, 58 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 · 1 filingDeviation from the deadline
2023
58 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its 2023 accounts 58 days after the deadline; the sector median for financial year 2023 is 2 days before the deadline, and 40% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Still owed money by this company? This is how you file your claim.Creditor guide Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Address check Are there other customers at risk in your own list?Debtor check How is the Wholesale of cars and light vans (up to 3.5 tonnes) sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Equity
€182,044
Total assets
€223,292
Net result
€26,429
Working capital
€174,060
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €223,292
Fixed assets
€15,273
Current assets
€208,018
Equity and liabilities €223,292
Equity
€182,044
Debt
€41,248
Debt finances 18.5% of the balance-sheet total.
Key figures and ratios
EBITDA
€36,356
Cash flow
€35,069
Current ratio
6.13
Debt to equity
0.23
ROE
14.5%
ROA
11.8%
Interest coverage
20.80
Debt ≤ 1 year
€33,958
Debt > 1 year
€7,290
Income taxes
€9,288
Annual accounts
| Line | 2023 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,640 |
| Other operating charges640/8 | €496 |
| Gross operating margin9900 | €36,852 |
| Operating profit (loss)9901 | €27,716 |
| Financial income75/76B | €9,748 |
| Recurring financial income75 | €9,748 |
| Financial charges65/66B | €1,748 |
| Recurring financial charges65 | €1,748 |
| Profit (loss) for the period before taxes9903 | €35,717 |
| Income taxes67/77 | €9,288 |
| Profit (loss) for the period9904 | €26,429 |
| Profit (loss) for the period to be appropriated9905 | €26,429 |
| Line | 2023 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €223,292 | |
| Fixed assets21/28 | €15,273 | |
| Tangible fixed assets22/27 | €15,273 | |
| Leasing and similar rights25 | €15,273 | |
| Current assets29/58 | €208,018 | |
| Amounts receivable within one year40/41 | €207,279 | |
| Trade receivables40 | €7,277 | |
| Other amounts receivable41 | €200,002 | |
| Cash at bank and in hand54/58 | €10 | |
| Deferred charges and accrued income490/1 | €729 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €223,292 | |
| Equity10/15 | €182,044 | |
| Contributions10/11 | €18,600 | |
| Reserves13 | €1,860 | |
| Non-distributable reserves130/1 | €1,860 | |
| Reserves not available under the articles1311 | €1,860 | |
| Profit (loss) carried forward14 | €161,584 | |
| Amounts payable17/49 | €41,248 | |
| Amounts payable after more than one year17 | €7,290 | |
| Financial debts170/4 | €7,290 | |
| Amounts payable within one year42/48 | €33,958 | |
| Current portion of amounts payable after more than one year42 | €10,277 | |
| Trade debts44 | €6,360 | |
| Suppliers440/4 | €6,360 | |
| Taxes, remuneration and social security45 | €17,321 | |
| Taxes450/3 | €17,321 | |
| Line | 2023 |
|---|---|
| Profit (loss) for the period9904 | €26,429 |
| + Depreciation and write-downs630 | €8,640 |
| Operating cash flow (approximation) | €35,069 |
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
2026
18-05
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise de Liège, division Liège · event 12-05-2026
2025
05-02
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 27-01-2025
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
SignalNBB filing
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Chaudfontaine
Ground area
1,036 m²
Building footprint
159 m²
Volume, LiDAR
798 m³
Parcel 62012B0235/00C003, Wallonia · tallest building 6.5 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62012B0235/00C003 | Wallonia | 1,036 m² | 1 · 159 m² | 6.5 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.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | PIERRE DUSART AVENUE CONSTANTIN DE
GERLACHE 41, 4000 LIEGE 1 |
27-01-2025 → 12-05-2026 |
| Curator | PIERRE-FRANCOIS
BOURLET CHAUSSEE DU ROI ALBERT 16, 4432 ALLEUR- |
27-01-2025 → 12-05-2026 |
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Of 2,129 companies in sector 46711 we hold annual accounts for 1,128. 759 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 (pre-2019)
Founded26-12-2007
Fiscal year end31-12
Activities, NACEBEL 2025
46711Wholesale of cars and light vans (up to 3.5 tonnes)
47811Retail sale of cars and light vans (up to 3.5 tonnes)
46712Wholesale trade
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
95313Repair and fitting of specific motor vehicle parts
46713Wholesale trade
Scores and ratios are computed by Checked and are not a credit decision.