MPLUS CONCEPT
ActiveSummary
The computed 12-month bankruptcy probability of MPLUS CONCEPT is 16.8% (high). The 2024 annual accounts show equity of €48,211 and a net result of €23,788. Its solvency ranks better than 81% of 9,837 sector peers (NACE 41, financial year 2024). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 1 administrative register entry.
Overview
Overview
Official details
Source: KBO- Status
- Active since 08-02-2023 Normal situation
- Activity
- General construction of residential buildings NACE 41001and 4 others
- Establishment unit
- 2.341.569.112 since 08-02-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 18-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 16.8%
- Gross margin
- €34,997
- ▲ 3.5%
- Turnover
- ≈ €240,000
- estimated
- Profit
- €23,788
- ▼ 2.6%
- Equity
- €48,211
- ▲ 97.4%
- Total assets
- €67,123
- ▲ 109%
- 2025 accounts not filed, 94 days past the deadline
Score breakdownraises risk1 change of registered office in 24 monthsEx-officio strike-off in the KBO1 financial year not filed after the legal deadline; last filed accounts filed 56 days late; 1 of the last 3 accounts lateFigures for financial year 2024 (filed on 29-09-2025)Show the evidence
Checked score
About 1 in 6 comparable companies go bankrupt within 12 months (an estimate).
Calculation
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 41, micro). It does better than 81% of them on solvency, 54% on liquidity, 91% on profitability and 88% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 2 accounts on average 32 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Financials
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 2 November 2026.
Annual accounts 2024 filed on 25-09-2025 PDF all 2 filings
2023 to 2024, 2 financial years
The operating result for 2024 is 1% higher than in 2023.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Construction of residential and non-residential buildings (NACE 41). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 2023 | 2024 |
|---|---|---|
| Tangible fixed assets | €4,800 | - |
| Intangible fixed assets | €2,149 | - |
| Depreciation and write-downs of the year | €2,897 | €1,933 |
Source: notes to the 2023 to 2024 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,897 | €1,933 | ▼ 33.3% |
| Other operating charges640/8 | - | €1,858 | - |
| Gross operating margin9900 | €33,814 | €34,997 | ▲ 3.5% |
| Operating profit (loss)9901 | €30,917 | €31,205 | ▲ 0.9% |
| Financial income75/76B | - | €1 | - |
| Recurring financial income75 | - | €1 | - |
| Financial charges65/66B | €109 | €599 | ▲ 449% |
| Recurring financial charges65 | €109 | €599 | ▲ 449% |
| Profit (loss) for the period before taxes9903 | €30,808 | €30,607 | ▼ 0.7% |
| Income taxes67/77 | €6,385 | €6,820 | ▲ 6.8% |
| Profit (loss) for the period9904 | €24,423 | €23,788 | ▼ 2.6% |
| Profit (loss) for the period to be appropriated9905 | €24,423 | €23,788 | ▼ 2.6% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €32,137 | €67,123 | ▲ 109% |
| Fixed assets21/28 | €4,052 | €2,119 | ▼ 47.7% |
| Tangible fixed assets22/27 | €4,052 | €2,119 | ▼ 47.7% |
| Furniture and vehicles24 | €4,052 | €2,119 | ▼ 47.7% |
| Current assets29/58 | €28,085 | €65,004 | ▲ 131% |
| Amounts receivable within one year40/41 | €15,738 | €57,365 | ▲ 264% |
| Trade receivables40 | €11,315 | €43,349 | ▲ 283% |
| Other amounts receivable41 | €4,423 | €14,016 | ▲ 217% |
| Cash at bank and in hand54/58 | €12,347 | €6,822 | ▼ 44.7% |
| Deferred charges and accrued income490/1 | - | €816 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €32,137 | €67,123 | ▲ 109% |
| Equity10/15 | €24,423 | €48,211 | ▲ 97.4% |
| Profit (loss) carried forward14 | €24,423 | €48,211 | ▲ 97.4% |
| Amounts payable17/49 | €7,714 | €18,911 | ▲ 145% |
| Amounts payable within one year42/48 | €7,714 | €18,911 | ▲ 145% |
| Trade debts44 | €31 | €5,707 | ▲ 183× |
| Suppliers440/4 | €31 | €5,707 | ▲ 183× |
| Taxes, remuneration and social security45 | €7,682 | €13,204 | ▲ 71.9% |
| Taxes450/3 | €6,632 | €13,204 | ▲ 99.1% |
| Remuneration and social security454/9 | €1,050 | - | - |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €24,423 | €23,788 | ▼ 2.6% |
| + Depreciation and write-downs630 | €2,897 | €1,933 | ▼ 33.3% |
| Operating cash flow (approximation) | €27,320 | €25,721 | ▼ 5.9% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | -€5,524 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as MPLUS CONCEPT has now. Two years later, 1.8% had gone bankrupt and 95.9% were still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
The bankruptcy probability of MPLUS CONCEPT itself is higher: 16.8% within 12 months. It rests on far more data about MPLUS CONCEPT than the profile alone.
Test of the method
The method was tested on the 497,446 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 39,278 companies, not a prediction for MPLUS CONCEPT. 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.
Board & ownership
Directors
Owners and capital
Shareholders
- ONOFRAS Maxim 100 shares (100%) · €10,000
Capital transactions
- 10-02-2023 Incorporation · €10,000 · 100 shares
Articles of association
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 10-02-2023 (in Dutch)
Network & group
MPLUS CONCEPT shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of MPLUS CONCEPT. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
28-05
Gazette deed
Registered office moved from Westerlo to Laakdal2 points ▸
- General meeting, 15-05-2026
- Registered-office move, Steenbergen 48,2430 Laakdal
10-02
Gazette deed
IncorporationStarting capital €10,000 · Appointment: ONOFRAS Maxim (director) · Registered office clause · Board rule10 points ▸
- Other provision, “slot- en overgangsbepalingen-werking, comparanten eenparig onmiddellijk na oprichting” (deed in Dutch)
- Registered office clause, “2260 Westerlo,Braambesstraat 12” (deed in Dutch)
- Board rule, 1
- Director appointment, ONOFRAS Maxim (director)
- Pre-incorporation commitments, “takeover, alle verbintenissen en verplichtingen die eruit voortvloeien en alle activiteiten in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
- Founder, ONOFRAS Maxim
- Incorporation, “MPLUS CONCEPT” (deed in Dutch)
- Founding capital, €10,000
- Other provision, “financieel plan, aanvangsvermogen” (deed in Dutch)
- Other provision, “statuten, statuten luiden als volgt” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- 2260 Westerlo until 15-05-2026 · act of 28-05-2026
Activities
NACEBEL 2025Codes under NACEBEL 2008
13 activities
- Algemene bouwsector,bouwsector,alle renovatie van gebouwen.
- Bouw van residentiële en niet-residentiële gebouwen
- Loodgieterij,sanitair,zinkwerk,bouw,verbouwing,renovatie,algemene bouwwerken in al hun vormen,leggen van parket,isolatie,architectuur,afbraakwerken,schilderwerken,schrijnwerkerij,elektriciteit,leggen van tegels,metselwerk,stukadoren,cementeren,installatie van centrale verwarming,ventilatiesystemen
- Diverse handel in bouwmaterialen,elektrische en elektronische apparatuur,sanitair en sanitair
- Aanleg en onderhoud van tuinen
- Houtbewerking en vervaardiging van hout- en kurkproducten
- Vervaardiging en montage van metalen,pvc en houten frames
- Vervaardiging en montage van meubelen
- Diverse timmerwerkzaamheden,vervaardiging,montage en installatie
- Onderhoud en schoonmaak van kantoren,industriële of commerciële gebouwen,huizen,flats,glazenwassen enz;
- Bedrijfsondersteunende activiteiten
- Autohandel en verkoop
- Transportactiviteit,transport van personen en goederen,pakketbezorging
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0798.217.552
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13045A0212/00D002 | Flanders | 857 m² | 1 · 182 m² | 7.6 m · 2 |
| 13049B0054/02T000 | Flanders | 477 m² | 1 · 131 m² | 7.3 m · 2 |