Equity
MPJF paid out €30,833 in dividends. That is 135% of the 2025 profit.
The dashed line is the sector median: 0.5% across 5,138 companies (NACE 95, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 95, micro). It does better than 49% of them on solvency, 38% on liquidity, 45% on profitability and 28% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 10,904 companies had the same profile as MPJF has now. Each dot stands for 28 companies, two years later.
That fits the bankruptcy probability of MPJF itself: 0.4% within 12 months.
The method was tested on the 497,447 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.
| 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 10,904 companies, not a prediction for MPJF. 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.
Liquidity is tight, with a current ratio of 1.43 (1.53 in 2024), below the usual 1.5. Short-term debt is 41.8% and cash 11.6% of total assets. 61.7% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 20 days before the deadline. In the sector (NACE 95), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| MPJF Waimes | €1.0m | €453,159 | 38.3% | 8.7 |
| NETIM Benelux Erpe-Mere | €0.6m | €487,662 | 71.1% | 5 |
| VANDE VELDE EQUIPMENT Rotselaar | €1.2m | €517,923 | 45.3% | 5.2 |
| ETABLISSEMENTS NOEL GEORGES Wavre | €1.5m | €703,520 | 48.3% | 5.9 |
| DE SLIJPMOBIEL Bruges | €0.6m | €478,287 | 55.0% | - |
| MELIOR TECHNIEK EN SERVICE Zwevegem | €0.9m | €304,279 | 36.4% | - |
| Cf-Tech Roeselare | €0.9m | €190,975 | 43.4% | - |
These companies have the same main activity as MPJF: repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95220). They are comparable in size and age: total assets between €572,000 and €1.5m, founded between 1998 and 2018.
MPJF has existed since 2012. The gross margin grew from €75,286 in 2013 to €453,159 in 2025 and staff from 1.4 to 8.7 full-time equivalents.
The gross margin has grown every year since 2022.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €1.7m. Estimated: probably between €1.3m and €2.8m.
Higher than 45% of 485 companies in 2025.
Higher than 44% of 480 companies in 2025.
Higher than 39% of 482 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: middle half
Staff costs divided by the average number of full-time equivalents.
In 2025, 13 people joined and 12 left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||
20/58 |
958,201 | 949,910 | 916,875 | 879,637 | 825,839 | 656,922 | 691,263 | 482,976 | 249,710 | 281,973 | 189,777 | 211,270 | 202,590 | |
21/28 |
386,599 | 423,406 | 470,624 | 469,078 | 414,918 | 349,111 | 374,727 | 230,325 | 41,591 | 47,520 | 57,168 | 38,503 | 41,726 | |
22/27 |
386,599 | 423,406 | 470,624 | 469,078 | 414,918 | 349,111 | 374,727 | 230,325 | 41,591 | 47,520 | 57,168 | 38,503 | 41,726 | |
22 |
289,241 | 323,352 | 357,463 | 363,744 | 334,652 | 322,505 | 344,674 | 210,785 | 7,000 | - | - | - | - | |
23 |
52,377 | 32,787 | 32,639 | 42,165 | 15,147 | 11,517 | 15,786 | 7,944 | 10,469 | 15,818 | 24,951 | 21,912 | 25,856 | |
24 |
44,981 | 67,267 | 80,521 | 63,169 | 65,119 | 15,089 | 14,267 | 11,597 | 24,121 | 31,703 | 32,217 | 16,591 | 15,870 | |
29/58 |
571,602 | 526,504 | 446,251 | 410,558 | 410,921 | 307,810 | 316,536 | 252,651 | 208,119 | 234,453 | 132,608 | 172,767 | 160,864 | |
3 |
322,060 | 297,824 | 258,290 | 291,930 | 144,197 | 129,158 | 123,963 | 94,859 | 87,323 | 74,112 | 74,665 | 66,910 | 58,847 | |
30/36 |
322,060 | 297,824 | 258,290 | 291,930 | 144,197 | 129,158 | 123,963 | 94,859 | 87,323 | 74,112 | 74,665 | 66,910 | 58,847 | |
40/41 |
135,547 | 77,773 | 52,085 | 38,900 | 42,835 | 62,769 | 66,484 | 37,022 | 21,032 | 51,643 | 16,419 | 41,000 | 30,228 | |
40 |
134,243 | 76,904 | 50,265 | 30,488 | 42,603 | 62,634 | 66,484 | 34,125 | 20,659 | 51,643 | 16,265 | 40,618 | 30,228 | |
41 |
1,304 | 869 | 1,819 | 8,411 | 233 | 136 | - | 2,897 | 373 | - | 153 | 382 | - | |
50/53 |
350 | 350 | 350 | 100 | 100 | 100 | - | - | - | - | - | - | - | |
54/58 |
111,046 | 147,869 | 133,691 | 77,089 | 222,107 | 112,709 | 124,253 | 116,372 | 99,764 | 108,698 | 41,525 | 64,857 | 71,788 | |
490/1 |
2,598 | 2,688 | 1,835 | 2,540 | 1,681 | 3,075 | 1,837 | 4,397 | - | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||
10/49 |
958,201 | 949,910 | 916,875 | 879,637 | 825,839 | 656,922 | 691,263 | 482,976 | 249,710 | 281,973 | 189,777 | 211,270 | 202,590 | |
10/15 |
367,414 | 378,202 | 344,474 | 312,049 | 300,588 | 199,011 | 170,915 | 119,923 | 108,992 | 82,527 | 49,952 | 31,112 | 22,290 | |
10/11 |
22,000 | 22,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 15,000 | 15,000 | |
100 |
- | - | - | - | - | - | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
101 |
- | - | - | - | - | - | - | - | - | - | - | 5,000 | 5,000 | |
13 |
87,802 | 94,952 | 108,684 | 88,684 | 73,212 | 63,212 | 63,212 | 43,212 | 31,480 | 18,280 | 1,498 | 806 | 365 | |
130/1 |
- | - | 2,000 | 2,000 | 2,000 | 2,000 | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 2,000 | 2,000 | 2,000 | 2,000 | 1,498 | 806 | 365 | |
1311 |
- | - | 2,000 | 2,000 | 2,000 | 2,000 | - | - | - | - | - | - | - | |
132 |
29,480 | 29,480 | 29,480 | 29,480 | 29,480 | 29,480 | 29,480 | 29,480 | 29,480 | 16,280 | - | - | - | |
133 |
58,322 | 65,472 | 77,204 | 57,204 | 41,732 | 31,732 | 31,732 | 11,732 | - | - | - | - | - | |
14 |
238,687 | 239,520 | 191,255 | 175,709 | 176,509 | 93,675 | 65,579 | 56,712 | 57,512 | 44,247 | 28,454 | 15,307 | 6,925 | |
15 |
18,925 | 21,730 | 24,536 | 27,656 | 30,867 | 22,125 | 22,125 | - | - | - | - | - | - | |
16 |
- | - | - | - | - | - | - | - | - | 2,672 | - | - | - | |
160/5 |
- | - | - | - | - | - | - | - | - | 2,672 | - | - | - | |
17/49 |
590,787 | 571,708 | 572,400 | 567,588 | 525,251 | 457,910 | 520,347 | 363,053 | 140,718 | 196,773 | 139,825 | 180,157 | 180,300 | |
17 |
189,804 | 227,641 | 261,746 | 291,070 | 264,353 | 248,192 | 271,516 | 167,949 | 21,065 | 28,593 | 25,820 | 3,560 | 7,608 | |
170/4 |
189,804 | 227,641 | 261,746 | 291,070 | 264,353 | 248,192 | 271,516 | 167,949 | 21,065 | 28,593 | 25,820 | 3,560 | 7,608 | |
42/48 |
400,983 | 344,067 | 310,654 | 276,518 | 260,898 | 209,718 | 248,831 | 195,104 | 119,653 | 168,181 | 114,005 | 176,598 | 172,692 | |
42 |
63,972 | 55,534 | 50,212 | 40,385 | 37,719 | 21,769 | 26,463 | 28,513 | 11,202 | 13,194 | 13,397 | 11,072 | 10,325 | |
44 |
178,481 | 165,609 | 169,651 | 188,992 | 115,894 | 100,082 | 142,037 | 98,650 | 36,912 | 83,987 | 31,835 | 80,524 | 75,703 | |
440/4 |
178,481 | 165,609 | 169,651 | 188,992 | 115,894 | 100,082 | 142,037 | 98,650 | 36,912 | 83,987 | 31,835 | 80,524 | 75,703 | |
45 |
120,698 | 106,227 | 79,950 | 32,445 | 87,239 | 60,511 | 49,783 | 38,045 | 38,876 | 32,767 | 27,452 | 32,198 | 27,530 | |
450/3 |
63,107 | 68,781 | 44,311 | 6,339 | 63,638 | 42,153 | 26,949 | 24,864 | 22,557 | 20,202 | 16,864 | 20,892 | 18,649 | |
454/9 |
57,591 | 37,446 | 35,639 | 26,107 | 23,601 | 18,357 | 22,834 | 13,181 | 16,319 | 12,566 | 10,588 | 11,306 | 8,881 | |
47/48 |
37,832 | 16,698 | 10,841 | 14,696 | 20,046 | 27,356 | 30,549 | 29,897 | 32,662 | 38,232 | 41,322 | 52,805 | 59,132 | |
| Income statement | ||||||||||||||
76A |
- | - | - | - | - | - | 214 | - | - | 653 | 1,085 | 250 | - | |
9900 |
453,159 | 407,777 | 329,624 | 259,451 | 306,275 | 222,462 | 213,178 | 160,482 | 144,519 | 149,003 | 112,586 | 92,091 | 75,286 | |
62 |
334,388 | 268,159 | 203,473 | 190,467 | 147,103 | 142,371 | 136,425 | 109,441 | 93,298 | 64,014 | 56,441 | 52,903 | 35,385 | |
630 |
75,285 | 74,736 | 66,098 | 47,765 | 42,032 | 33,918 | 37,361 | 36,212 | 24,775 | 36,047 | 33,792 | 25,307 | 27,817 | |
635/8 |
- | - | - | - | - | - | - | - | -2,672 | 2,672 | - | - | - | |
640/8 |
8,245 | 3,977 | 6,938 | 1,539 | 3,564 | 6,382 | 1,977 | 965 | 1,561 | 1,919 | 2,314 | 891 | 906 | |
66A |
- | - | - | - | - | - | 597 | - | - | 200 | 283 | - | - | |
9901 |
35,242 | 60,904 | 53,116 | 19,680 | 113,576 | 39,790 | 36,819 | 13,863 | 27,557 | 44,351 | 20,040 | 12,989 | 11,177 | |
75/76B |
5,389 | 10,705 | 3,429 | 4,966 | 10,551 | 499 | 2,137 | 2,108 | 3,268 | 76 | 552 | 485 | 127 | |
75 |
5,389 | 10,705 | 3,429 | 4,966 | 10,551 | 499 | 1,924 | 1,029 | 1,113 | 76 | 552 | 485 | 127 | |
76B |
- | - | - | - | - | - | 214 | 1,079 | 2,155 | - | - | - | - | |
65/66B |
8,521 | 8,928 | 8,774 | 7,265 | 8,309 | 7,722 | 6,910 | 2,743 | 1,781 | 2,082 | 1,983 | 2,070 | 1,683 | |
65 |
8,521 | 8,928 | 8,774 | 7,265 | 8,309 | 7,722 | 6,910 | 2,743 | 1,781 | 2,082 | 1,983 | 2,070 | 1,683 | |
9903 |
32,110 | 62,681 | 47,770 | 17,381 | 115,818 | 32,567 | 32,046 | 13,228 | 29,045 | 42,798 | 19,410 | 11,654 | 9,621 | |
67/77 |
9,260 | 13,616 | 11,425 | 1,908 | 22,183 | 4,471 | 2,367 | 1,496 | 2,580 | 10,222 | 5,571 | 2,832 | 2,331 | |
9904 |
22,850 | 49,065 | 36,346 | 15,472 | 93,634 | 28,096 | 29,679 | 11,732 | 26,464 | 32,576 | 13,840 | 8,822 | 7,290 | |
689 |
- | - | - | - | - | - | - | - | 13,200 | 16,280 | - | - | - | |
9905 |
22,850 | 49,065 | 36,346 | 15,472 | 93,634 | 28,096 | 29,679 | 11,732 | 13,264 | 16,296 | 13,840 | 8,822 | 7,290 | |
| Appropriation of the result | ||||||||||||||
9906 |
262,370 | 240,320 | 212,055 | 191,981 | 187,309 | 93,675 | 86,391 | 69,243 | 57,512 | 44,750 | 29,146 | 15,748 | 7,290 | |
14P |
239,520 | 191,255 | 175,709 | 176,509 | 93,675 | - | - | - | - | - | - | - | - | |
791/2 |
30,000 | 11,732 | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
22,850 | - | 20,000 | 15,472 | 10,000 | - | 20,000 | 11,732 | - | 502 | 692 | 441 | 365 | |
6920 |
- | - | - | - | - | - | - | - | - | 502 | 692 | 441 | 365 | |
6921 |
22,850 | - | 20,000 | 15,472 | 10,000 | - | 20,000 | 11,732 | - | - | - | - | - | |
694/7 |
30,833 | 12,532 | 800 | 800 | 800 | - | 812 | 800 | - | - | - | - | - | |
694 |
30,833 | 12,532 | 800 | 800 | 800 | - | 812 | 800 | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||
9087 |
8.7 | 8 | 6.2 | 4.9 | 3.6 | 3.7 | 4.5 | 3.4 | 3.7 | 2.8 | 2.8 | 2.3 | 1.4 | |
Hours worked1013 |
12,985 | 11,651 | 8,632 | 7,726 | 6,194 | 6,261 | 7,329 | 5,506 | 5,866 | 5,124 | 4,654 | 3,695 | 2,329 | |
| Document | ||||||||||||||
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 23-03-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | full format | 23-03-2026 | 2026-00059286 | |
| 30-09-2024 | full format | 20-03-2025 | 2025-00050719 | |
| 30-09-2023 | full format | 08-04-2024 | 2024-00058925 | |
| 30-09-2022 | full format | 26-04-2023 | 2023-00065794 | |
| 30-09-2021 | full format | 28-04-2022 | 2022-20014741 | |
| 30-09-2020 | full format | 30-04-2021 | 2021-12300221 | |
| 30-09-2019 | full format | 31-03-2020 | 2020-08100030 | |
| 30-09-2018 | micro format | 26-03-2019 | 2019-07900183 | |
| 30-09-2017 | micro format | 29-03-2018 | 2018-08300373 | |
| 30-09-2016 | full format | 30-03-2017 | 2017-08100118 | |
| 30-09-2015 | full format | 29-03-2016 | 2016-08100430 | |
| 30-09-2014 | full format | 31-03-2015 | 2015-08400357 | |
| 30-09-2013 | full format | 28-03-2014 | 2014-08100445 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 110,527 | 135,640 | 119,213 | 67,445 | 155,608 | 73,708 | 74,180 | 50,075 | 52,333 | 80,398 | 53,832 | 38,296 | 38,995 | ||
| 98,135 | 123,801 | 102,443 | 63,237 | 135,666 | 62,014 | 67,040 | 47,944 | 51,240 | 68,623 | 47,632 | 34,130 | 35,107 | ||
| 45,353 | 27,518 | 76,278 | 101,925 | 107,838 | 8,303 | 183,054 | 226,117 | 20,939 | 36,946 | 56,856 | 22,834 | 69,544 | ||
| -36,823 | 14,179 | 56,602 | -145,019 | 109,399 | -11,544 | 7,880 | 16,608 | -8,933 | 67,173 | -23,332 | -6,931 | - | ||
| 170,619 | 182,437 | 135,597 | 134,040 | 150,022 | 98,092 | 67,705 | 57,547 | 88,466 | 66,272 | 18,603 | -3,831 | -11,828 | ||
| 38.3% | 39.8% | 37.6% | 35.5% | 36.4% | 30.3% | 24.7% | 24.8% | 43.6% | 29.3% | 26.3% | 14.7% | 11.0% | ||
| 1.43 | 1.53 | 1.44 | 1.48 | 1.58 | 1.47 | 1.27 | 1.29 | 1.74 | 1.39 | 1.16 | 0.98 | 0.93 | ||
| 0.62 | 0.66 | 0.61 | 0.43 | 1.02 | 0.85 | 0.77 | 0.81 | 1.01 | 0.95 | 0.51 | 0.60 | 0.59 | ||
| 1.61 | 1.51 | 1.66 | 1.82 | 1.75 | 2.30 | 3.04 | 3.03 | 1.29 | 2.38 | 2.80 | 5.79 | 8.09 | ||
| 6.2% | 13.0% | 10.6% | 5.0% | 31.2% | 14.1% | 17.4% | 9.8% | 24.3% | 39.5% | 27.7% | 28.4% | 32.7% | ||
| 2.4% | 5.2% | 4.0% | 1.8% | 11.3% | 4.3% | 4.3% | 2.4% | 10.6% | 11.6% | 7.3% | 4.2% | 3.6% | ||
| 12.97 | 15.19 | 13.59 | 9.28 | 18.73 | - | - | - | - | - | - | - | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 11 | 10 | 8 | 6 | 5 |
| full-time | 8 | 7 | 6 | 4 | 3 |
| part-time | 3 | 3 | 2 | 2 | 2 |
| in full-time equivalents | 9.3 | 8.5 | 7 | 5.1 | 4.1 |
| 8.7 | 8 | 6.2 | 4.9 | 3.6 | |
| On a permanent contract | 7 | 4 | 5 | 5 | 5 |
| Joined | 13 | 9 | 6 | 3 | 3 |
| Left | 12 | 7 | 4 | 5 | 1 |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €45,353 | €27,518 | €76,278 | €101,925 | €107,838 |
| €75,285 | €74,736 | €66,098 | €47,765 | €42,032 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 42% lower than in 2024 and the lowest since 2022.
Debt's share of the balance-sheet total rises from 60.2% to 61.7%. Equity is lower and debt is higher.
MPJF has no parent and no holdings in its annual accounts. PIETTE Claude is the only director. MPJF shares no director with another company.
Deadline for the 2026 accounts: 30-04-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Rue des Thuyas,Ondenval 3 registered office 4950 Waimes 0161006 Support activities for crop production | 20-08-2012 | 2.211.551.104 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 63080I0290/00P000 | 128 m² | 1 · 148 m² | 7.3 m · 2 |
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