MPHG
ActiveMPHG has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €37k and a net result of €833. Equity is growing by ~20.5% per year across the filed fiscal years. Its solvency ranks better than 81% of 1983 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
88
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▼-7
Solvency100=
Growth66=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 4.42 against 10.17 in 2024; short-term debt: 18.5% and cash: 64.1% of total assets), and 18.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 90
Relative position
BE, all sectors
reference
Sector 90
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
81.5%
Return on assets
1.8%
Age of the figures
9 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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
25 d late
2023
22 d late
2022
67 d late
2021
27 d late
2020
31 d late
2019
55 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€59k▼ 41.2%
2022 · €100k
2018: €52k
2019: €88k
2020: €91k
2021: €92k
2022: €100k
2018 → 2023
EBIT margin
-3.7%▼ 25.1pp
2022 · 21.4%
2018: -25.6%
2019: -17.1%
2020: 23.2%
2021: 3.4%
2022: 21.4%
2018 → 2023
Net result
€833▼ 71.4%
2024 · €3k
2018: €-16k
2019: €-19k
2020: €21k
2021: €9k
2022: €14k
2023: €-5k
2024: €3k
2018 → 2025
Working capital
€29k▼ 1.2%
2024 · €29k
2018: €-10k
2019: €-12k
2020: €14k
2021: €24k
2022: €37k
2023: €27k
2024: €29k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€92k-€100k▲ 9.2%€59k▼ 41.2%
Equity€24k-€38k▲ 56.5%€33k▼ 13.0%€36k▲ 8.8%€37k▲ 2.3%
Operating result€3k-€21k▲ 596%€-2k€1k€4k▲ 280%
Net result€9k-€14k▲ 55.1%€-5k€3k€833▼ 71.4%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 280% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €45k
Fixed assets
€8k▲ 16.7%
Current assets
€37k▲ 15.1%
Equity and liabilities €45k
Equity
€37k▲ 2.3%
Debt
€8k▲ 165%
The debt ratio rises from 8.1% to 18.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€6k▲
2024 · €2k
Cash flow
€3k▼
2024 · €4k
Solvency
81.5%▼
2024 · 91.9%
Current ratio
4.42▼
2024 · 10.17
Quick ratio
4.42▼
2024 · 10.17
Debt / equity
0.23▲
2024 · 0.09
ROE
2.3%▼
2024 · 8.1%
ROA
1.8%▼
2024 · 7.4%
Interest coverage
19.26▲
2024 · 10.16
Debt
€8k▲
2024 · €3k
Debt ≤ 1 year
€8k▲
2024 · €3k
Income taxes
€3k▲
2024 · €-1k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€39k€45k▲
Fixed assets21/28€7k€8k▲
Tangible fixed assets22/27€7k€8k▲
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€3k€5k▲
Current assets29/58€32k€37k▲
Amounts receivable within one year40/41€2k€7k▲
Trade receivables40-€3k
Other amounts receivable41€2k€4k▲
Cash at bank and in hand54/58€31k€29k▼
Deferred charges and accrued income490/1-€685
Equity and liabilities
Total equity and liabilities10/49€39k€45k▲
Equity10/15€36k€37k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€16k€17k▲
Amounts payable17/49€3k€8k▲
Amounts payable within one year42/48€3k€8k▲
Trade debts44-€3k
Suppliers440/4-€3k
Taxes, remuneration and social security45€3k€296▼
Taxes450/3€3k€296▼
Other amounts payable47/48-€5k
Income statement
Code20242025
Non-recurring operating income76A-€0
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€2k▲
Other operating charges640/8€899€10k▲
Gross operating margin9900€3k€16k▲
Operating profit (loss)9901€1k€4k▲
Financial income75/76B€830€0▼
Recurring financial income75€130€0▼
Non-recurring financial income76B€700-
Financial charges65/66B€245€292▲
Recurring financial charges65€245€292▲
Profit (loss) for the period before taxes9903€2k€4k▲
Income taxes67/77€-1k€3k▲
Profit (loss) for the period9904€3k€833▼
Profit (loss) for the period to be appropriated9905€3k€833▼
Appropriation of the result
Profit (loss) to be appropriated9906€16k€17k▲
Profit (loss) brought forward from the previous period14P€13k€16k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 7.28
Current ratio from 3.04 to 7.28; short-term debt falls from €18k to €4k.
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 67 days late
2022
27-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 27 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Back to profitnet €21k
Net result €21k after 2 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 1.63
Current ratio from 0.46 to 1.63; short-term debt falls from €23k to €22k.
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 55 days late
2019
31-12
Financial
Weakest financial yearnet €-19k
Net result drops to €-19k, the lowest in the series; recovery starts the following year.
06-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 37 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Vorst
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Belgradostraat 301190 VorstGround area
545 m²
Building footprint
265 m²
Volume, LiDAR
3,042 m³
Parcel 21007A0004/00L010, Brussels · tallest building 13.9 m, ±4 floors. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21007A0004/00L010 | Brussels | 545 m² | 1 · 264 m² | 13.9 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
SOETE PETER
BE 0736.868.319
Dendermonde · Eq €37k
Pela Productions
BE 0455.122.020
Roosdaal · Eq €37k
EXTENDED D-PROJECTS
BE 1008.459.114
Tremelo · Eq €36k
HanZa
BE 0781.591.257
Dilsen-Stokkem · Eq €36k
W.P.S.
BE 0733.857.854
Pelt · Eq €36k
Of 671 companies in sector 90392 we hold annual accounts for 206. 159 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-03-2011
Fiscal year end31-12
Activities, NACEBEL
90022Arts creation and performing arts activities
90392Design and construction of stages and sets
31009Manufacture of furniture
41001General construction of residential buildings
56210Event catering
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.