MPM (0885.974.442): financials and annual accounts

MPM

Bruges ·KBO/BCE: BE 0885.974.442

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Balance sheet: assets
Total assets`20/58`	605,588	703,254	781,285	868,762	930,140	997,892	1.0m	1.1m	1.1m	1.1m	1.2m	809,988	812,169	797,277	776,905	436,856	445,268	441,551	447,691
Fixed assets`21/28`	570,815	592,468	563,584	686,348	764,980	842,983	861,553	949,634	1.0m	1.1m	1.1m	716,057	698,856	671,649	677,014	337,214	359,815	377,959	383,767
Tangible fixed assets`22/27`	570,815	592,468	563,584	686,348	764,980	842,983	861,553	949,634	1.0m	1.1m	1.1m	716,057	698,856	671,649	677,014	337,214	359,815	377,959	383,767
Land and buildings`22`	550,502	567,062	563,584	592,943	604,337	629,823	616,301	640,873	664,442	691,222	718,002	692,915	670,231	670,352	669,196	318,476	328,428	335,256	341,769
Plant, machinery and equipment`23`	3,056	3,420	0	93,173	140,283	185,792	228,045	275,067	323,148	368,301	411,725	3,768	2,793	1,297	2,190	2,581	4,702	5,489	605
Furniture and vehicles`24`	17,257	21,986	0	232	20,360	27,368	17,207	33,694	48,381	64,508	12,916	19,374	25,832	-	5,628	16,157	26,685	37,214	41,393
Current assets`29/58`	34,773	110,786	217,701	182,414	165,160	154,909	151,021	122,523	23,821	11,655	27,433	93,931	113,313	125,628	99,891	99,642	85,453	63,592	63,924
Amounts receivable within one year`40/41`	28,839	100,409	215,808	182,414	147,505	129,437	145,676	122,523	23,821	11,655	27,163	-	21,808	33,073	30,289	60,037	52,531	35,721	26,050
Trade receivables`40`	0	8,295	14,935	23,000	28,339	22,741	28,193	22,003	-	7,031	27,163	-	21,808	33,073	30,289	38,044	26,778	24,091	23,836
Other amounts receivable`41`	28,839	92,114	200,872	159,414	119,166	106,696	117,483	100,520	23,821	4,624	-	-	-	-	-	21,993	25,753	11,630	2,214
Cash at bank and in hand`54/58`	5,934	9,801	1,893	-	17,655	25,472	5,345	-	-	-	270	93,931	91,505	92,555	69,602	39,605	32,922	27,871	37,874
Deferred charges and accrued income`490/1`	0	576	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	605,588	703,254	781,285	868,762	930,140	997,892	1.0m	1.1m	1.1m	1.1m	1.2m	809,988	812,169	797,277	776,905	436,856	445,268	441,551	447,691
Equity`10/15`	435,641	475,728	518,988	315,134	333,545	337,260	330,989	316,773	305,547	300,062	274,928	297,902	272,075	223,530	166,910	89,378	64,690	56,696	40,243
Contributions`10/11`	82,400	82,400	82,400	82,400	82,400	82,400	82,400	82,400	82,400	82,400	82,400	82,400	82,400	82,400	82,400	12,400	12,400	12,400	12,400
Issued capital`100`	-	-	-	-	-	88,600	88,600	88,600	88,600	88,600	88,600	88,600	88,600	88,600	88,600	18,600	18,600	18,600	18,600
Uncalled capital`101`	-	-	-	-	-	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
Reserves`13`	241,226	255,443	255,443	255,442	255,442	255,442	248,589	215,502	215,502	215,502	215,502	189,675	141,130	84,511	76,978	52,290	44,296	-	-
Non-distributable reserves`130/1`	1,860	1,860	1,860	16,076	16,076	16,076	14,216	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	-	-
Other`1319`	1,860	1,860	1,860	16,076	16,076	14,216	14,216	-	-	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	239,366	253,583	253,583	239,366	239,366	239,366	232,513	213,642	213,642	213,642	213,642	187,815	139,270	82,651	75,118	50,430	42,436	-	-
Profit (loss) carried forward`14`	112,015	137,885	181,146	-22,708	-4,297	-582	-	18,871	7,645	2,160	-22,974	25,827	48,545	56,619	7,532	24,688	7,994	44,296	27,843
Provisions and deferred taxes`16`	-	-	-	14,210	8,088	6,961	6,451	9,631	9,161	4,323	945	6,694	11,530	13,429	14,883	6,018	14,508	10,950	-
Provisions for liabilities and charges`160/5`	-	-	-	14,210	8,088	6,961	6,451	9,631	9,161	4,323	945	6,694	11,530	13,429	14,883	6,018	14,508	10,950	-
Pensions and similar obligations`160`	-	-	-	-	-	-	-	9,631	9,161	4,323	-	-	-	-	-	-	-	-	-
Other liabilities and charges`164/5`	-	-	-	14,210	8,088	6,961	6,451	-	-	-	-	-	-	-	-	-	-	-	-
Amounts payable`17/49`	169,947	227,526	262,297	539,418	588,507	653,671	675,134	745,753	745,084	831,301	894,203	505,392	528,564	560,318	595,112	341,460	366,070	373,905	407,448
Amounts payable after more than one year`17`	129,617	143,270	158,512	423,634	495,955	559,543	582,429	648,264	549,399	602,283	586,791	371,871	398,977	393,177	412,215	299,464	330,296	340,747	354,681
Financial debts`170/4`	129,617	143,270	158,512	423,634	495,955	559,543	582,429	648,264	549,399	602,283	586,791	371,871	398,977	393,177	412,215	299,464	330,296	340,747	354,681
Amounts payable within one year`42/48`	38,075	82,243	103,785	115,784	92,552	94,128	92,705	97,489	195,685	229,018	307,412	133,521	129,587	167,141	182,897	41,996	35,774	33,158	52,767
Current portion of amounts payable after more than one year`42`	13,653	13,120	30,105	76,000	72,709	73,574	66,639	71,450	52,681	51,337	44,473	27,107	25,992	26,038	25,204	32,669	25,783	25,875	45,223
Financial debts`43`	-	-	0	12,920	-	-	9,955	12,870	13,458	-	14,815	-	-	-	-	-	-	-	-
Credit institutions`430/8`	-	-	0	12,920	-	-	9,955	12,870	13,458	-	14,815	-	-	-	-	-	-	-	-
Trade debts`44`	5,653	1,284	3,671	10,751	12,117	6,721	-	6,916	119,376	172,093	172,504	962	-	4,402	1,861	298	2,942	563	3,639
Suppliers`440/4`	5,653	1,284	3,671	10,751	12,117	6,721	-	6,916	119,376	172,093	172,504	962	-	4,402	1,861	298	2,942	563	3,639
Taxes, remuneration and social security`45`	95	67,839	70,010	16,113	7,726	13,833	16,111	6,253	10,170	5,588	14,305	35,246	21,022	33,443	15,822	9,029	7,049	6,720	-
Taxes`450/3`	95	67,839	70,010	4,201	7,726	13,833	16,111	6,253	10,170	5,588	14,305	35,246	21,022	12,442	15,822	9,029	7,049	6,720	-
Remuneration and social security`454/9`	-	-	0	11,912	-	-	-	-	-	-	-	-	-	21,001	-	-	-	-	-
Other amounts payable`47/48`	18,675	-	-	-	-	-	-	-	-	-	61,315	70,206	82,573	103,258	140,010	-	-	-	3,905
Accrued charges and deferred income`492/3`	2,255	2,012	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income statement
Non-recurring operating income`76A`	0	5,780	18,539	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross operating margin`9900`	13,831	-9,798	451,198	191,403	176,362	173,426	204,493	210,567	203,421	187,741	93,473	145,417	236,147	250,147	248,356	197,348	180,226	157,564	123,946
Remuneration, social security and pensions`62`	-	0	53,163	111,966	67,805	54,926	65,628	76,476	73,936	41,330	8,390	51,607	120,870	117,920	113,793	114,764	120,313	90,776	43,618
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	29,172	28,447	31,665	76,296	85,843	93,799	91,288	92,599	91,584	90,412	80,775	30,041	25,020	21,982	98,798	22,601	23,105	22,180	24,948
Other operating charges`640/8`	2,982	3,595	2,780	2,417	2,502	3,718	3,565	3,303	6,600	2,090	1,902	2,422	1,835	2,634	2,024	2,203	2,615	2,538	1,898
Non-recurring operating charges`66A`	-	0	91,099	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating profit (loss)`9901`	-18,323	-41,840	272,491	724	20,212	20,983	44,012	38,189	31,301	53,909	2,406	61,347	88,422	107,611	33,741	57,780	34,193	42,070	53,482
Financial income`75/76B`	273	7,432	8,718	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Recurring financial income`75`	273	7,432	8,718	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial charges`65/66B`	8,205	8,846	7,796	14,191	20,176	17,589	19,938	20,710	20,577	23,840	25,271	22,170	18,732	25,862	20,301	17,110	18,393	18,897	15,153
Recurring financial charges`65`	8,205	8,846	7,796	14,191	20,176	17,589	19,938	20,710	20,577	23,840	25,271	22,170	18,732	25,862	20,301	17,110	18,393	18,897	15,153
Profit (loss) for the period before taxes`9903`	-26,255	-43,254	273,413	-13,467	36	3,394	24,074	17,479	10,724	30,069	-22,865	39,177	69,690	81,749	13,440	40,670	15,800	23,173	38,329
Income taxes`67/77`	-384	6	69,559	4,944	3,751	3,976	9,858	6,253	5,239	4,935	109	13,350	21,145	25,130	5,908	15,982	7,806	6,720	10,486
Profit (loss) for the period`9904`	-25,871	-43,260	203,853	-18,411	-3,715	-582	14,216	11,226	5,485	25,134	-22,974	25,827	48,545	56,619	7,532	24,688	7,994	16,453	27,843
Profit (loss) for the period to be appropriated`9905`	-25,871	-43,260	203,853	-18,411	-3,715	-582	14,216	11,226	5,485	25,134	-22,974	25,827	48,545	56,619	7,532	24,688	7,994	16,453	27,843
Appropriation of the result
Profit (loss) to be appropriated`9906`	112,015	137,885	181,146	-22,708	-4,297	-582	33,087	18,871	7,645	2,160	2,853	74,372	105,164	64,151	32,220	32,682	52,290	44,296	27,843
Profit (loss) brought forward from the previous period`14P`	137,885	181,146	-22,708	-4,297	-582	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	14,216	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	-	-	-	-	-	-	33,087	-	-	-	25,827	48,545	56,619	7,532	24,688	7,994	44,296	-	-
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,860	-	-
To other reserves`6921`	-	-	-	-	-	-	33,087	-	-	-	25,827	48,545	56,619	7,532	24,688	7,994	42,436	-	-
Profit to be distributed`694/7`	14,216	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Return on contributions (dividend)`694`	14,216	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	-	-	-	2	2	2	1.2	1.6	1.6	1	0.8	2	2.8	2.8	2.7	2.8	3	2.3	2
Hours worked`1013`	-	-	-	3,390	1,995	1,778	2,081	2,631	2,670	1,457	190	1,984	4,659	4,849	5,201	4,888	5,069	4,005	2,326
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	26-05-2026	2026-00125192	PDF
31-12-2024	micro format	15-05-2025	2025-00100111	PDF
31-12-2023	micro format	25-07-2024	2024-00305498	PDF
31-12-2022	abbreviated format	23-09-2023	2023-00452039	PDF
31-12-2021	abbreviated format	26-07-2022	2022-20232434	PDF
31-12-2020	abbreviated format	28-10-2021	2021-73900533	PDF
31-12-2019	abbreviated format	22-09-2020	2020-54700184	PDF
31-12-2018	abbreviated format	04-09-2019	2019-62700287	PDF
31-12-2017	abbreviated format	19-09-2018	2018-63400578	PDF
31-12-2016	abbreviated format	10-08-2017	2017-42500313	PDF
31-12-2015	abbreviated format	23-08-2016	2016-45400245	PDF
31-12-2014	abbreviated format	05-08-2015	2015-39600572	PDF
31-12-2013	abbreviated format	25-07-2014	2014-34400392	PDF
31-12-2012	abbreviated format	26-06-2013	2013-21700184	PDF
31-12-2011	abbreviated format	04-07-2012	2012-25500142	PDF
31-12-2010	abbreviated format	04-07-2011	2011-24800567	PDF
31-12-2009	abbreviated format	02-07-2010	2010-26300238	PDF
31-12-2008	abbreviated format	08-07-2009	2009-39900082	PDF
31-12-2007	abbreviated format	03-07-2008	2008-35200237	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
EBITDA	10,849	-13,393	304,156	77,020	106,055	114,782	135,300	130,788	122,885	144,321	83,181	91,388	113,442	129,593	132,539	80,381	57,298	64,250	78,430
Cash flow	3,301	-14,814	235,519	57,885	82,128	93,217	105,504	103,825	97,069	115,546	57,801	55,868	73,565	78,601	106,330	47,289	31,099	38,633	52,791
Investment in fixed assets (approximation)	7,519	57,331	-91,099	17,344	7,840	80,795	3,207	6,262	3,524	84,715	507,361	47,242	50,293	16,617	757,074	0	4,961	33,571	408,715
Change in cash	-3,867	7,908	-	-	-7,817	20,127	-	-	-	-	-93,661	2,426	-1,050	22,953	29,997	6,683	5,051	-10,003	-
Working capital	-3,303	28,542	113,916	66,630	72,608	60,781	58,316	25,034	-171,864	-217,363	-279,979	-39,590	-16,274	-41,513	-83,006	57,646	49,679	30,434	11,157
Solvency	71.9%	67.6%	66.4%	36.3%	35.9%	33.8%	32.7%	29.5%	28.8%	26.4%	23.5%	36.8%	33.5%	28.0%	21.5%	20.5%	14.5%	12.8%	9.0%
Current ratio	0.91	1.35	2.10	1.58	1.78	1.65	1.63	1.26	0.12	0.05	0.09	0.70	0.87	0.75	0.55	2.37	2.39	1.92	1.21
Debt to equity	0.39	0.48	0.51	1.71	1.76	1.94	2.04	2.35	2.44	2.77	3.25	1.70	1.94	2.51	3.57	3.82	5.66	6.59	10.12
ROE	-5.9%	-9.1%	39.3%	-5.8%	-1.1%	-0.2%	4.3%	3.5%	1.8%	8.4%	-8.4%	8.7%	17.8%	25.3%	4.5%	27.6%	12.4%	29.0%	69.2%
ROA	-4.3%	-6.2%	26.1%	-2.1%	-0.4%	-0.1%	1.4%	1.0%	0.5%	2.2%	-2.0%	3.2%	6.0%	7.1%	1.0%	5.7%	1.8%	3.7%	6.2%
Interest coverage	1.32	-1.51	39.01	5.43	5.26	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	31-12-2022	31-12-2021
Employees at the balance-sheet date	2	2
full-time	2	2
in full-time equivalents	2	2
Average over the year, in full-time equivalents	2	2
On a permanent contract	2	2

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€7,519	€57,331	-	€17,344	€7,840
Depreciation and write-downs of the year	€29,172	€28,447	€31,665	€76,296	€85,843

MPM

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency71.9%

Current ratio0.91

Return on assets-4.3%

Staff

Staff cost per FTE

Joined and left

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2025, 1 entry, €1,742 awarded, €1,742 paid

Key figures and ratios

Social balance sheet

Investments

Insights on MPM

Next steps