MPJ
ActiveSummary
MPJ has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€37,908) and a net result of -€5,067. Equity is shrinking by ~26.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 8190 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.28 against 0.32 in 2024; short-term debt: 358.5% and cash: 5.6% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-270.9%
Return on assets
-36.2%
Age of the figures
9 mo
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€37,908
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 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 · 10 filingsDeviation from the deadline
2025
18 d late
2024
27 d late
2023
23 d late
2022
28 d early
2021
40 d early
2020
47 d early
2019
43 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 13 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 24 August (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€37,908▼ 15.4%
2024 · -€32,841
Total assets
€13,996▼ 2.3%
2024 · €14,333
Net result
-€5,067▲ 63.0%
2024 · -€13,703
Working capital
-€36,174▼ 16.3%
2024 · -€31,109
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€1,700▲ 3.4%-€1,707▼ 0.4%-€732▲ 57.1%-€12,805▼ 1,650%-€3,910▲ 69.5%
Net result-€2,576below the sector's middle half▼ 2.8%-€2,897below the sector's middle half▼ 12.5%-€1,700below the sector's middle half▲ 41.3%-€13,703below the sector's middle half▼ 706%-€5,067below the sector's middle half▲ 63.0%
Equity-€14,540below the sector's middle half▼ 21.5%-€17,437below the sector's middle half▼ 19.9%-€19,137below the sector's middle half▼ 9.8%-€32,841below the sector's middle half▼ 71.6%-€37,908below the sector's middle half▼ 15.4%
Total assets€23,212below the sector's middle half▼ 9.6%€21,787below the sector's middle half▼ 6.1%€41,403below the sector's middle half▲ 90.0%€14,333below the sector's middle half▼ 65.4%€13,996below the sector's middle half▼ 2.3%
Debt€37,752▲ 0.3%€39,224▲ 3.9%€60,540▲ 54.3%€47,173▼ 22.1%€51,904▲ 10.0%
Working capital-€12,119below the sector's middle half▼ 29.8%-€15,013below the sector's middle half▼ 23.9%-€17,408below the sector's middle half▼ 16.0%-€31,109below the sector's middle half▼ 78.7%-€36,174below the sector's middle half▼ 16.3%
Solvency-62.6%below the sector's middle half▼ 16.0pp-80.0%below the sector's middle half▼ 17.4pp-46.2%below the sector's middle half▲ 33.8pp-229.1%below the sector's middle half▼ 182.9pp-270.9%below the sector's middle half▼ 41.7pp
Current ratio0.66below the sector's middle half▼ 0.080.59below the sector's middle half▼ 0.060.70below the sector's middle half▲ 0.110.32below the sector's middle half▼ 0.390.28below the sector's middle half▼ 0.04
Return on assets (ROA)-11.1%below the sector's middle half▼ 1.3pp-13.3%below the sector's middle half▼ 2.2pp-4.1%below the sector's middle half▲ 9.2pp-95.6%below the sector's middle half▼ 91.5pp-36.2%below the sector's middle half▲ 59.4pp
Staff (FTE)1.1within the sector's middle half0.7below the sector's middle half▼ 36.4%0below the sector's middle half▼ 100%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale 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 stays negative: a loss of €3,910 in 2025 against €12,805 in 2024; the loss shrinks.
Key figures and ratios
Debt to equity
-1.37▲
2024 · -1.44
Debt ≤ 1 year
€50,170▲
2024 · €45,441
Debt > 1 year
€1,644=
2024 · €1,644
Staff costs
€631▼
2024 · €34,963
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,621 companies that looked in July 2024 the way this one looks now, 4.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.5%
went bankrupt
10.0%
stopped otherwise
84%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 6,621 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €502 | €48 | ▼ 90.4% |
| Remuneration, social security and pensions62 | - | - | €51,879 | €34,963 | €631 | ▼ 98.2% |
| Other operating charges640/8 | - | €485 | €957 | €537 | €551 | ▲ 2.6% |
| Gross operating margin9900 | -€1,217 | -€1,222 | €52,105 | €22,695 | -€2,728 | ▼ 112% |
| Operating profit (loss)9901 | -€1,700 | -€1,707 | -€732 | -€12,805 | -€3,910 | ▲ 69.5% |
| Financial charges65/66B | - | €1,190 | €969 | €898 | €1,158 | ▲ 29.0% |
| Recurring financial charges65 | €876 | €1,190 | €969 | €898 | €1,158 | ▲ 29.0% |
| Profit (loss) for the period before taxes9903 | -€2,576 | -€2,897 | -€1,700 | -€13,703 | -€5,067 | ▲ 63.0% |
| Profit (loss) for the period9904 | -€2,576 | -€2,897 | -€1,700 | -€13,703 | -€5,067 | ▲ 63.0% |
| Profit (loss) for the period to be appropriated9905 | -€2,576 | -€2,897 | -€1,700 | -€13,703 | -€5,067 | ▲ 63.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €23,212 | €21,787 | €41,403 | €14,333 | €13,996 | ▼ 2.3% |
| Current assets29/58 | €23,212 | €21,787 | €41,403 | €14,333 | €13,996 | ▼ 2.3% |
| Amounts receivable within one year40/41 | €23,212 | €21,787 | €40,475 | €13,542 | €13,168 | ▼ 2.8% |
| Trade receivables40 | - | - | €21,388 | €4,892 | €3,892 | ▼ 20.4% |
| Other amounts receivable41 | - | €21,787 | €19,087 | €8,650 | €9,276 | ▲ 7.2% |
| Cash at bank and in hand54/58 | - | - | €928 | €790 | €790 | = |
| Deferred charges and accrued income490/1 | - | - | - | - | €38 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €23,212 | €21,787 | €41,403 | €14,333 | €13,996 | ▼ 2.3% |
| Equity10/15 | -€14,540 | -€17,437 | -€19,137 | -€32,841 | -€37,908 | ▼ 15.4% |
| Contributions10/11 | - | €31,000 | €31,000 | €31,000 | €31,000 | = |
| Profit (loss) carried forward14 | -€45,540 | -€48,437 | -€50,137 | -€63,841 | -€68,908 | ▼ 7.9% |
| Amounts payable17/49 | €37,752 | €39,224 | €60,540 | €47,173 | €51,904 | ▲ 10.0% |
| Amounts payable after more than one year17 | €1,644 | €1,644 | €1,644 | €1,644 | €1,644 | = |
| Other amounts payable178/9 | - | €1,644 | €1,644 | €1,644 | €1,644 | = |
| Amounts payable within one year42/48 | €35,331 | €36,800 | €58,811 | €45,441 | €50,170 | ▲ 10.4% |
| Financial debts43 | - | €5,164 | €4,769 | €4,633 | €4,968 | ▲ 7.2% |
| Credit institutions430/8 | - | €5,164 | €4,769 | €4,633 | €4,968 | ▲ 7.2% |
| Trade debts44 | €29,561 | €29,561 | €37,894 | €36,670 | €38,064 | ▲ 3.8% |
| Suppliers440/4 | - | €29,561 | €37,894 | €36,670 | €38,064 | ▲ 3.8% |
| Taxes, remuneration and social security45 | - | - | €14,072 | €1,000 | €0 | ▼ 100% |
| Taxes450/3 | - | - | €2,772 | €0 | - | - |
| Remuneration and social security454/9 | - | - | €11,301 | €1,000 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €2,075 | €2,075 | €3,138 | €7,138 | ▲ 127% |
| Accrued charges and deferred income492/3 | - | €779 | €85 | €88 | €89 | ▲ 1.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,576 | -€2,897 | -€1,700 | -€13,703 | -€5,067 | ▲ 63.0% |
| Operating cash flow (approximation) | -€2,576 | -€2,897 | -€1,700 | -€13,703 | -€5,067 | ▲ 63.0% |
| Change in cash | - | - | - | -€137 | €0 | ▲ 100% |
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
Next filing, fiscal year 2026, expected by
2026
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 18 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
31-12
Financial
Weakest financial yearnet -€13,703
Net result drops to -€13,703, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 23 days late
2023
03-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
22-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
15-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
19-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
12-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
03-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Halen · 1 establishment unit since 2002
Ground area
695 m²
Building footprint
476 m²
Volume, LiDAR
2,659 m³
Parcel 71063B0359/00T000, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Jamar Industrial
since 20022.115.119.345
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71063B0359/00T000 | Flanders | 695 m² | 1 · 476 m² | 9.4 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 472 companies in sector 46442 we hold annual accounts for 336. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-04-2002
Fiscal year end31-12
Activities, NACEBEL 2025
46442Wholesale trade
47783Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477369860
Also
9925:BE0477369860
Registered
13-03-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.