MPM COMMUNICATIONS
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 02-07-2026 at the NBB all 13 filings
Turnover
≈ €100,000
Estimated: probably between €60,000 and €180,000
Total assets
€148,137▲ 12.4%
2024 · €131,781
Net result
€15,274▲ 244%
2024 · €4,438
Working capital
€119,311▲ 3.5%
2024 · €115,241
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€23,719
▲ 219%
2025
20182025
Net result
€15,274
▲ 244%
2025
middle half of the sector
20182025
Equity
€119,312
▲ 1.9%
2025
highest quarter of the sector
20182025
Total assets
€148,137
▲ 12.4%
2025
middle half of the sector
20182025
Debt
€28,826
▲ 95.5%
2025
20182025
Working capital
€119,311
▲ 3.5%
2025
highest quarter of the sector
20182025
Solvency
80.5%
▼ 8.3pp
2025
highest quarter of the sector
20182025
Current ratio
5.32
▼ 3.50
2025
highest quarter of the sector
20182025
Return on assets (ROA)
10.3%
▲ 6.9pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€8,121-€20,290▲ 150%€21,779▲ 7.3%€31,368▲ 44.0%€24,198▼ 22.9%€2,757▼ 88.6%€7,425▲ 169%€23,719▲ 219%
Net result€5,357-€14,076▲ 163%€15,595within the sector's middle half▲ 10.8%€22,839within the sector's middle half▲ 46.5%€17,024within the sector's middle half▼ 25.5%€1,052within the sector's middle half▼ 93.8%€4,438within the sector's middle half▲ 322%€15,274within the sector's middle half▲ 244%
Equity€63,014-€77,090▲ 22.3%€92,685within the sector's middle half▲ 20.2%€115,524above the sector's middle half▲ 24.6%€132,548above the sector's middle half▲ 14.7%€117,600above the sector's middle half▼ 11.3%€117,038above the sector's middle half▼ 0.5%€119,312above the sector's middle half▲ 1.9%
Total assets€84,668-€89,594▲ 5.8%€109,172within the sector's middle half▲ 21.9%€127,701within the sector's middle half▲ 17.0%€148,961within the sector's middle half▲ 16.6%€135,232within the sector's middle half▼ 9.2%€131,781within the sector's middle half▼ 2.6%€148,137within the sector's middle half▲ 12.4%
Debt€21,654-€12,504▼ 42.3%€16,487▲ 31.9%€12,176▼ 26.1%€16,413▲ 34.8%€17,632▲ 7.4%€14,744▼ 16.4%€28,826▲ 95.5%
Working capital€63,084-€78,992▲ 25.2%€91,914above the sector's middle half▲ 16.4%€113,953above the sector's middle half▲ 24.0%€132,067above the sector's middle half▲ 15.9%€118,121above the sector's middle half▼ 10.6%€115,241above the sector's middle half▼ 2.4%€119,311above the sector's middle half▲ 3.5%
Solvency74.4%-86.0%▲ 11.6pp84.9%above the sector's middle half▼ 1.1pp90.5%above the sector's middle half▲ 5.6pp89.0%above the sector's middle half▼ 1.5pp87.0%above the sector's middle half▼ 2.0pp88.8%above the sector's middle half▲ 1.9pp80.5%above the sector's middle half▼ 8.3pp
Current ratio4.24-8.92▲ 4.686.97above the sector's middle half▼ 1.9511.27above the sector's middle half▲ 4.309.42above the sector's middle half▼ 1.858.02above the sector's middle half▼ 1.408.82above the sector's middle half▲ 0.805.32above the sector's middle half▼ 3.50
Return on assets (ROA)6.3%-15.7%▲ 9.4pp14.3%within the sector's middle half▼ 1.4pp17.9%within the sector's middle half▲ 3.6pp11.4%within the sector's middle half▼ 6.5pp0.8%within the sector's middle half▼ 10.7pp3.4%within the sector's middle half▲ 2.6pp10.3%within the sector's middle half▲ 6.9pp
above
within
below
The sector band is the middle half of the companies in Other professional, scientific and technical activities (NACE 74). 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 operating result for 2025 is 3.2 times that of 2024. It is the second rise in a row, after the fall in 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €148,137
Fixed assets
€1,200 ▼ 33.2%
Current assets
€146,937 ▲ 13.0%
Equity and liabilities €148,137
Equity
€119,312 ▲ 1.9%
Debt
€28,826 ▲ 95.5%
Debt's share of the balance-sheet total rises from 11.2% to 19.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€24,315▲
2024 · €7,702
Cash flow
€15,870▲
2024 · €4,714
Debt to equity
0.24▲
2024 · 0.13
ROE
12.8%▲
2024 · 3.8%
Interest coverage
15.20▼
2024 · 22.03
Debt ≤ 1 year
€27,626▲
2024 · €14,744
Income taxes
€6,920▲
2024 · €2,639
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,313 | - | €0 | €1,788 | - |
| Depreciation and write-downs of the year | €1,518 | €1,446 | €921 | €277 | €596 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,605 | €1,677 | €810 | €1,518 | €1,446 | €921 | €277 | €596 | ▲ 115% |
| Other operating charges640/8 | - | - | - | €640 | €669 | €762 | €699 | €691 | ▼ 1.1% |
| Gross operating margin9900 | €10,354 | €22,576 | €23,413 | €33,526 | €26,313 | €4,439 | €8,401 | €25,006 | ▲ 198% |
| Operating profit (loss)9901 | €8,121 | €20,290 | €21,779 | €31,368 | €24,198 | €2,757 | €7,425 | €23,719 | ▲ 219% |
| Financial income75/76B | - | - | - | €0 | €0 | €0 | €0 | €74 | ▲ 186× |
| Recurring financial income75 | €7 | €3 | - | €0 | €0 | €0 | €0 | €74 | ▲ 186× |
| Financial charges65/66B | - | - | - | €232 | €148 | €369 | €350 | €1,599 | ▲ 357% |
| Recurring financial charges65 | €139 | €159 | €296 | €232 | €148 | €369 | €350 | €1,599 | ▲ 357% |
| Profit (loss) for the period before taxes9903 | €7,990 | €20,134 | €21,483 | €31,137 | €24,050 | €2,388 | €7,076 | €22,194 | ▲ 214% |
| Income taxes67/77 | €2,632 | €6,058 | €5,888 | €8,298 | €7,027 | €1,336 | €2,639 | €6,920 | ▲ 162% |
| Profit (loss) for the period9904 | €5,357 | €14,076 | €15,595 | €22,839 | €17,024 | €1,052 | €4,438 | €15,274 | ▲ 244% |
| Profit (loss) for the period to be appropriated9905 | €5,357 | €14,076 | €15,595 | €22,839 | €17,024 | €1,052 | €4,438 | €15,274 | ▲ 244% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €84,668 | €89,594 | €109,172 | €127,701 | €148,961 | €135,232 | €131,781 | €148,137 | ▲ 12.4% |
| Fixed assets21/28 | €2,088 | €628 | €1,857 | €2,652 | €1,206 | €285 | €1,797 | €1,200 | ▼ 33.2% |
| Tangible fixed assets22/27 | €2,003 | €543 | €1,572 | €2,367 | €921 | €0 | €1,512 | €915 | ▼ 39.4% |
| Furniture and vehicles24 | - | - | - | €2,367 | €921 | €0 | €1,512 | €915 | ▼ 39.4% |
| Financial fixed assets28 | €85 | €85 | €285 | €285 | €285 | €285 | €285 | €285 | = |
| Current assets29/58 | €82,580 | €88,966 | €107,315 | €125,048 | €147,755 | €134,947 | €129,985 | €146,937 | ▲ 13.0% |
| Amounts receivable within one year40/41 | €14,447 | €11,643 | €5,322 | €10,208 | €2,845 | €14,398 | €13,134 | €13,445 | ▲ 2.4% |
| Trade receivables40 | - | - | - | €9,106 | €2,843 | €9,363 | €9,333 | €13,445 | ▲ 44.1% |
| Other amounts receivable41 | - | - | - | €1,102 | €2 | €5,035 | €3,801 | - | - |
| Cash at bank and in hand54/58 | €67,213 | €76,822 | €101,818 | €114,599 | €144,721 | €120,348 | €112,931 | €124,278 | ▲ 10.0% |
| Deferred charges and accrued income490/1 | - | - | - | €241 | €188 | €201 | €3,919 | €9,213 | ▲ 135% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €84,668 | €89,594 | €109,172 | €127,701 | €148,961 | €135,232 | €131,781 | €148,137 | ▲ 12.4% |
| Equity10/15 | €63,014 | €77,090 | €92,685 | €115,524 | €132,548 | €117,600 | €117,038 | €119,312 | ▲ 1.9% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Contributions outside capital11 | - | - | - | €18,600 | €18,600 | - | - | - | - |
| Other1109/19 | - | - | - | €18,600 | €18,600 | - | - | - | - |
| Reserves13 | €43,466 | €57,966 | €72,966 | €92,966 | €109,966 | €94,966 | €93,966 | €95,966 | ▲ 2.1% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €1,950 | €1,950 | €1,950 | €1,950 | €1,950 | = |
| Distributable reserves133 | - | - | - | €89,156 | €106,156 | €93,016 | €92,016 | €94,016 | ▲ 2.2% |
| Profit (loss) carried forward14 | €947 | €524 | €1,119 | €3,958 | €3,982 | €4,034 | €4,471 | €4,745 | ▲ 6.1% |
| Amounts payable17/49 | €21,654 | €12,504 | €16,487 | €12,176 | €16,413 | €17,632 | €14,744 | €28,826 | ▲ 95.5% |
| Amounts payable within one year42/48 | €19,495 | €9,975 | €15,400 | €11,095 | €15,688 | €16,827 | €14,744 | €27,626 | ▲ 87.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €2,011 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Trade debts44 | €475 | €763 | €1,462 | €828 | €1,481 | €5,229 | €4,694 | €1,382 | ▼ 70.6% |
| Suppliers440/4 | - | - | - | €828 | €1,481 | €5,229 | €4,694 | €1,382 | ▼ 70.6% |
| Taxes, remuneration and social security45 | - | - | - | €8,256 | €11,997 | €8,098 | €2,495 | €10,906 | ▲ 337% |
| Taxes450/3 | - | - | - | €8,256 | €7,797 | €3,993 | €2,495 | €6,706 | ▲ 169% |
| Remuneration and social security454/9 | - | - | - | - | €4,200 | €4,105 | - | €4,200 | - |
| Other amounts payable47/48 | - | - | - | - | €211 | €1,499 | €5,554 | €13,337 | ▲ 140% |
| Accrued charges and deferred income492/3 | - | - | - | €1,081 | €725 | €806 | - | €1,200 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,357 | €14,076 | €15,595 | €22,839 | €17,024 | €1,052 | €4,438 | €15,274 | ▲ 244% |
| + Depreciation and write-downs630 | €1,605 | €1,677 | €810 | €1,518 | €1,446 | €921 | €277 | €596 | ▲ 115% |
| Operating cash flow (approximation) | €6,962 | €15,754 | €16,405 | €24,357 | €18,470 | €1,973 | €4,714 | €15,870 | ▲ 237% |
| Investment in fixed assets (approximation) | - | -€217 | -€2,040 | -€2,313 | €0 | -€0 | -€1,788 | €0 | - |
| Change in cash | - | €9,609 | €24,996 | €12,782 | €30,122 | -€24,373 | -€7,417 | €11,347 | - |
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, 34,693 companies had the same profile as MPM COMMUNICATIONS has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.3%
was still going
3.9%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of MPM COMMUNICATIONS itself: 0.1% within 12 months.
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 34,693 companies, not a prediction for MPM COMMUNICATIONS. 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.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 02-07-2026 | 2026-00251846 | |
| 31-12-2024 | micro format | 14-07-2025 | 2025-00265359 | |
| 31-12-2023 | micro format | 05-07-2024 | 2024-00219637 | |
| 31-12-2022 | micro format | 27-06-2023 | 2023-00188813 | |
| 31-12-2021 | micro format | 01-07-2022 | 2022-20118725 | |
| 31-12-2020 | micro format | 09-07-2021 | 2021-33300587 | |
| 31-12-2019 | micro format | 06-07-2020 | 2020-27000030 | |
| 31-12-2018 | micro format | 08-07-2019 | 2019-29400536 | |
| 31-12-2017 | micro format | 06-08-2018 | 2018-43100431 | |
| 31-12-2016 | micro format | 21-04-2017 | 2017-09600213 |