MPMN
Open bankruptcyFinancials · financial year 2025, micro format
2025 annual accounts filed 27 days after the deadline Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00432545.
Annual accounts 2025 filed on 27-08-2026 at the NBB all 9 filings
Turnover
≈ €300,000
Estimated: probably between €120,000 and €930,000
Total assets
€84,125▼ 18.3%
2024 · €103,031
Net result
-€3,697▲ 75.4%
2024 · -€15,012
Working capital
€22,149▼ 23.5%
2024 · €28,944
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a loss of €745, smaller than the loss of €11,827 in 2024.
Operating result-€745
2025
Net result-€3,697
2025
Total assets€84,125
2025
Equity-€13,951
2025
Debt€98,076
2025
Working capital€22,149
2025
Return on assets (ROA)-4.4%
2025
Solvency-16.6%
2025
Current ratio1.37
2025
Staff (FTE)1
2025
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.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Retail trade (NACE 47). 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, return on assets (ROA) and staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€8,495--€1,248€5,387€2,710▼ 49.7%-€15,643-€11,143▲ 28.8%-€11,827▼ 6.1%-€745▲ 93.7%
Net result€6,011-€4,287▼ 28.7%€3,226within the sector's middle half▼ 24.7%-€1,183within the sector's middle half-€18,237below the sector's middle half▼ 1,442%-€14,319below the sector's middle half▲ 21.5%-€15,012below the sector's middle half▼ 4.8%-€3,697within the sector's middle half▲ 75.4%
Equity€30,984-€35,271▲ 13.8%€38,497within the sector's middle half▲ 9.1%€37,314within the sector's middle half▼ 3.1%€19,077within the sector's middle half▼ 48.9%€4,758within the sector's middle half▼ 75.1%-€10,254below the sector's middle half-€13,951below the sector's middle half▼ 36.1%
Total assets€151,814-€145,456▼ 4.2%€94,126within the sector's middle half▼ 35.3%€94,203within the sector's middle half▲ 0.1%€102,497within the sector's middle half▲ 8.8%€122,979within the sector's middle half▲ 20.0%€103,031within the sector's middle half▼ 16.2%€84,125within the sector's middle half▼ 18.3%
Debt€120,830-€110,185▼ 8.8%€55,629▼ 49.5%€56,889▲ 2.3%€83,420▲ 46.6%€118,221▲ 41.7%€113,285▼ 4.2%€98,076▼ 13.4%
Working capital€58,155-€35,364▼ 39.2%€50,731within the sector's middle half▲ 43.5%€59,844within the sector's middle half▲ 18.0%€60,727within the sector's middle half▲ 1.5%€33,182within the sector's middle half▼ 45.4%€28,944within the sector's middle half▼ 12.8%€22,149within the sector's middle half▼ 23.5%
Solvency20.4%-24.2%▲ 3.8pp40.9%within the sector's middle half▲ 16.7pp39.6%within the sector's middle half▼ 1.3pp18.6%within the sector's middle half▼ 21.0pp3.9%below the sector's middle half▼ 14.7pp-10.0%below the sector's middle half▼ 13.8pp-16.6%below the sector's middle half▼ 6.6pp
Current ratio1.72-1.34▼ 0.372.26within the sector's middle half▲ 0.922.78above the sector's middle half▲ 0.522.46within the sector's middle half▼ 0.321.37within the sector's middle half▼ 1.091.39within the sector's middle half▲ 0.021.37within the sector's middle half▼ 0.02
Return on assets (ROA)4.0%-2.9%▼ 1.0pp3.4%within the sector's middle half▲ 0.5pp-1.3%within the sector's middle half▼ 4.7pp-17.8%below the sector's middle half▼ 16.5pp-11.6%below the sector's middle half▲ 6.1pp-14.6%below the sector's middle half▼ 2.9pp-4.4%below the sector's middle half▲ 10.2pp
Staff (FTE)1-1=11=
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). 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.
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 €84,125
Fixed assets
€2,378 ▲ 48×
Current assets
€81,747 ▼ 20.6%
Equity and liabilities
Equity-€13,951
Debt€98,076
Equity is negative. Debt (€98,076) exceeds the balance-sheet total (€84,125).
Key figures and ratios
EBITDA
-€574
Cash flow
-€3,526
Quick ratio
0.12▼
2024 · 0.52
Interest coverage
-0.19
Debt ≤ 1 year
€59,598▼
2024 · €74,037
Debt > 1 year
€33,384▼
2024 · €35,476
Supplier credit
36 days▼
2024 · 59 days
Staff costs
€43,757▲
2024 · €37,573
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2024 | 31-12-2025 |
|---|---|---|
| Employees at the balance-sheet date | 1 | 1 |
| full-time | 1 | 1 |
| in full-time equivalents | 1 | 1 |
| Average over the year, in full-time equivalents | 1 | 1 |
| On a permanent contract | 1 | 1 |
Source: social balance sheet in the 2024 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | - | €2,499 |
| Depreciation and write-downs of the year | €2,528 | €679 | - | - | €171 |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | - | €472,596 | €435,590 | €490,291 | ▲ 12.6% |
| Remuneration, social security and pensions62 | - | - | - | €14,412 | €17,600 | €32,046 | €37,573 | €43,757 | ▲ 16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,855 | €4,855 | €4,222 | €2,528 | €679 | - | - | €171 | - |
| Other operating charges640/8 | - | - | - | €116 | - | €190 | €282 | €463 | ▲ 64.2% |
| Gross operating margin9900 | €60,419 | €47,174 | €31,410 | €19,766 | €2,636 | €21,093 | €26,028 | €43,646 | ▲ 67.7% |
| Operating profit (loss)9901 | €8,495 | -€1,248 | €5,387 | €2,710 | -€15,643 | -€11,143 | -€11,827 | -€745 | ▲ 93.7% |
| Financial income75/76B | - | - | - | €1 | €16 | €7 | €5 | €12 | ▲ 140% |
| Recurring financial income75 | - | €1 | €37 | €1 | €16 | €7 | €5 | €12 | ▲ 140% |
| Non-recurring financial income76B | - | - | - | - | €16 | - | - | - | - |
| Financial charges65/66B | - | - | - | €1,671 | €2,583 | €3,183 | €3,190 | €2,964 | ▼ 7.1% |
| Recurring financial charges65 | €2,484 | €2,762 | €1,835 | €1,671 | €2,583 | €3,183 | €3,190 | €2,964 | ▼ 7.1% |
| Profit (loss) for the period before taxes9903 | €6,011 | €4,287 | €3,589 | €1,040 | -€18,210 | -€14,319 | -€15,012 | -€3,697 | ▲ 75.4% |
| Income taxes67/77 | - | - | €363 | €2,223 | €27 | - | - | - | - |
| Profit (loss) for the period9904 | €6,011 | €4,287 | €3,226 | -€1,183 | -€18,237 | -€14,319 | -€15,012 | -€3,697 | ▲ 75.4% |
| Profit (loss) for the period to be appropriated9905 | €6,011 | €4,287 | €3,226 | -€1,183 | -€18,237 | -€14,319 | -€15,012 | -€3,697 | ▲ 75.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €151,814 | €145,456 | €94,126 | €94,203 | €102,497 | €122,979 | €103,031 | €84,125 | ▼ 18.3% |
| Fixed assets21/28 | €12,334 | €7,479 | €3,257 | €729 | €50 | €50 | €50 | €2,378 | ▲ 48× |
| Tangible fixed assets22/27 | €12,284 | €7,429 | €3,207 | €679 | - | - | - | €2,328 | - |
| Land and buildings22 | - | - | - | €384 | - | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €295 | - | - | - | €2,328 | - |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €139,480 | €137,977 | €90,869 | €93,474 | €102,447 | €122,929 | €102,981 | €81,747 | ▼ 20.6% |
| Stocks and contracts in progress3 | €128,844 | €129,112 | €88,950 | €86,087 | €95,035 | €82,531 | €64,570 | €74,573 | ▲ 15.5% |
| Stocks30/36 | - | - | - | €86,087 | €95,035 | €82,531 | €64,570 | €74,573 | ▲ 15.5% |
| Amounts receivable within one year40/41 | €260 | €1,462 | €493 | €4,319 | €196 | €33,672 | €33,524 | €1,392 | ▼ 95.8% |
| Trade receivables40 | - | - | - | €4,319 | €196 | €33,672 | €33,460 | €1,217 | ▼ 96.4% |
| Other amounts receivable41 | - | - | - | - | - | - | €64 | €175 | ▲ 173% |
| Cash at bank and in hand54/58 | €3,954 | €1,805 | €1,426 | €2,348 | €4,298 | €2,533 | €1,313 | €1,934 | ▲ 47.3% |
| Deferred charges and accrued income490/1 | - | - | - | €720 | €2,918 | €4,193 | €3,574 | €3,848 | ▲ 7.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €151,814 | €145,456 | €94,126 | €94,203 | €102,497 | €122,979 | €103,031 | €84,125 | ▼ 18.3% |
| Equity10/15 | €30,984 | €35,271 | €38,497 | €37,314 | €19,077 | €4,758 | -€10,254 | -€13,951 | ▼ 36.1% |
| Contributions10/11 | €30,000 | €30,000 | €30,000 | €30,000 | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Capital10 | - | - | - | €30,000 | €30,000 | - | - | - | - |
| Issued capital100 | - | - | - | €30,000 | €30,000 | - | - | - | - |
| Contributions outside capital11 | - | - | - | - | - | €30,000 | - | - | - |
| Other1109/19 | - | - | - | - | - | €30,000 | - | - | - |
| Reserves13 | €984 | €984 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Non-distributable reserves130/1 | - | - | - | €3,000 | €3,000 | - | - | - | - |
| Legal reserve130 | - | - | - | €3,000 | €3,000 | - | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | - | €4,287 | €5,497 | €4,314 | -€13,923 | -€28,242 | -€43,254 | -€46,951 | ▼ 8.5% |
| Amounts payable17/49 | €120,830 | €110,185 | €55,629 | €56,889 | €83,420 | €118,221 | €113,285 | €98,076 | ▼ 13.4% |
| Amounts payable after more than one year17 | €37,493 | €6,000 | €13,500 | €21,125 | €39,130 | €25,125 | €35,476 | €33,384 | ▼ 5.9% |
| Financial debts170/4 | - | - | - | €21,125 | €39,130 | €25,125 | €35,476 | €33,384 | ▼ 5.9% |
| Amounts payable within one year42/48 | €81,325 | €102,613 | €40,138 | €33,630 | €41,720 | €89,747 | €74,037 | €59,598 | ▼ 19.5% |
| Trade debts44 | €33,348 | €50,024 | €2,761 | €31,549 | €37,816 | €52,739 | €70,022 | €47,920 | ▼ 31.6% |
| Suppliers440/4 | - | - | - | €31,549 | €37,816 | €52,739 | €70,022 | €47,920 | ▼ 31.6% |
| Advances received on contracts in progress46 | - | - | - | €347 | - | €32,706 | €157 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €1,734 | €3,904 | €4,302 | €3,858 | €11,678 | ▲ 203% |
| Taxes450/3 | - | - | - | €515 | €414 | €1,570 | €391 | €7,881 | ▲ 20× |
| Remuneration and social security454/9 | - | - | - | €1,219 | €3,490 | €2,732 | €3,467 | €3,797 | ▲ 9.5% |
| Accrued charges and deferred income492/3 | - | - | - | €2,134 | €2,570 | €3,349 | €3,772 | €5,094 | ▲ 35.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,011 | €4,287 | €3,226 | -€1,183 | -€18,237 | -€14,319 | -€15,012 | -€3,697 | ▲ 75.4% |
| + Depreciation and write-downs630 | €4,855 | €4,855 | €4,222 | €2,528 | €679 | - | - | €171 | - |
| Operating cash flow (approximation) | €10,866 | €9,142 | €7,448 | €1,345 | -€17,558 | -€14,319 | -€15,012 | -€3,526 | ▲ 76.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | -€2,499 | - |
| Change in cash | - | -€2,149 | -€379 | €922 | €1,950 | -€1,765 | -€1,220 | €621 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-08-2026 | 2026-00432545 | |
| 31-12-2024 | micro format | 01-08-2025 | 2025-00348859 | |
| 31-12-2023 | micro format | 05-08-2024 | 2024-00327090 | |
| 31-12-2022 | micro format | 10-08-2023 | 2023-00323097 | |
| 31-12-2021 | micro format | 08-07-2022 | 2022-20161450 | |
| 31-12-2020 | micro format | 21-06-2021 | 2021-22100263 | |
| 31-12-2019 | micro format | 28-08-2020 | 2020-45800173 | |
| 31-12-2018 | micro format | 17-05-2019 | 2019-13300062 | |
| 31-12-2017 | micro format | 20-07-2018 | 2018-35000098 |