MPO
ActiveSummary
MPO has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €185,354 and a net result of -€49,205. Equity is shrinking by ~9.4% per year across the filed fiscal years. Its solvency ranks better than 41% of 4565 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability9▲+1
Solvency54▼-7
Growth22▼-30
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.03 against 0.04 in 2024; short-term debt: 71% and cash: 0.2% of total assets), and 71% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
34 d early
2023
43 d early
2022
3 d early
2021
48 d early
2020
26 d early
2019
28 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 30 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€3,841▼ 88.3%
2023 · €32,770
EBIT margin
-607.2%▼ 492.1pp
2023 · -115.1%
Net result
-€49,205▼ 37.4%
2024 · -€35,822
Working capital
-€439,396▼ 11.6%
2024 · -€393,589
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202320242025
Turnover€36,155▲ 2.1%€26,448▼ 26.8%€32,770-€3,841▼ 88.3%
Operating result€6,245-€10,707-€37,720--€23,321▲ 38.2%-€36,076▼ 54.7%
Net result-€11,707▲ 78.7%-€22,156▼ 89.3%-€49,595--€35,822▲ 27.8%-€49,205▼ 37.4%
EBIT margin17.3%▲ 125.1pp-40.5%▼ 57.8pp-115.1%--607.2%▼ 492.1pp
Equity€372,734▲ 135%€350,579▼ 5.9%€270,381-€234,559▼ 13.2%€185,354▼ 21.0%
Total assets€738,035▼ 3.2%€734,083▼ 0.5%€677,477-€644,838▼ 4.8%€640,098▼ 0.7%
Debt€355,301▼ 40.2%€373,505▲ 5.1%€407,096-€410,279▲ 0.8%€454,743▲ 10.8%
Working capital-€322,103▲ 42.0%-€325,177▼ 1.0%-€377,000--€393,589▼ 4.4%-€439,396▼ 11.6%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €36,076 in 2025 against €23,321 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €640,098
Fixed assets
€624,750 ▼ 0.5%
Current assets
€15,348 ▼ 8.0%
Equity and liabilities €640,098
Equity
€185,354 ▼ 21.0%
Debt
€454,743 ▲ 10.8%
Debt's share of the balance-sheet total rises from 63.6% to 71.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€16,596▼
2024 · -€4,088
Cash flow
-€29,725▼
2024 · -€16,589
Current ratio
0.03▼
2024 · 0.04
Debt to equity
2.45▲
2024 · 1.75
ROE
-26.5%▼
2024 · -15.3%
ROA
-7.7%▼
2024 · -5.6%
Interest coverage
-1.33▼
2024 · -0.35
Debt ≤ 1 year
€454,743▲
2024 · €410,279
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €34,392 | €54,420 | €23,979 | €12,027 | ▼ 49.8% |
| Turnover70 | €36,155 | €26,448 | €32,770 | €3,841 | - | - |
| Other operating income74 | - | €492 | €3,025 | - | €3 | - |
| Non-recurring operating income76A | - | €7,452 | €18,625 | €20,138 | €12,024 | ▼ 40.3% |
| Operating charges60/66A | - | €45,100 | €92,140 | €47,300 | €48,103 | ▲ 1.7% |
| Goods for resale, raw materials and consumables60 | - | - | €28,045 | - | - | - |
| Change in stocks: decrease (increase)609 | - | - | €28,045 | - | - | - |
| Services and other goods61 | - | €19,645 | €37,840 | €23,045 | €22,386 | ▼ 2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,233 | €19,233 | €19,233 | €19,233 | €19,480 | ▲ 1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €3,409 | -€764 | - | - | - |
| Other operating charges640/8 | - | €2,812 | €7,022 | €5,022 | €6,187 | ▲ 23.2% |
| Non-recurring operating charges66A | - | - | €764 | - | €50 | - |
| Operating profit (loss)9901 | €6,245 | -€10,707 | -€37,720 | -€23,321 | -€36,076 | ▼ 54.7% |
| Financial income75/76B | - | - | €218 | - | - | - |
| Recurring financial income75 | - | - | €218 | - | - | - |
| Income from current assets751 | - | - | €218 | - | - | - |
| Financial charges65/66B | - | €11,449 | €12,093 | €12,501 | €13,129 | ▲ 5.0% |
| Recurring financial charges65 | €17,952 | €11,449 | €12,093 | €12,501 | €13,129 | ▲ 5.0% |
| Debt charges650 | €17,064 | €10,557 | €11,415 | €11,836 | €12,462 | ▲ 5.3% |
| Other financial charges652/9 | - | €892 | €677 | €664 | €667 | ▲ 0.3% |
| Profit (loss) for the period before taxes9903 | -€11,707 | -€22,156 | -€49,595 | -€35,822 | -€49,205 | ▼ 37.4% |
| Profit (loss) for the period9904 | -€11,707 | -€22,156 | -€49,595 | -€35,822 | -€49,205 | ▼ 37.4% |
| Profit (loss) for the period to be appropriated9905 | -€11,707 | -€22,156 | -€49,595 | -€35,822 | -€49,205 | ▼ 37.4% |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €738,035 | €734,083 | €677,477 | €644,838 | €640,098 | ▼ 0.7% |
| Formation expenses20 | - | - | €0 | - | - | - |
| Fixed assets21/28 | €705,081 | €685,848 | €647,381 | €628,148 | €624,750 | ▼ 0.5% |
| Tangible fixed assets22/27 | €703,706 | €684,473 | €646,006 | €626,773 | €623,375 | ▼ 0.5% |
| Land and buildings22 | - | €684,473 | €646,006 | €626,773 | €623,375 | ▼ 0.5% |
| Financial fixed assets28 | €1,375 | €1,375 | €1,375 | €1,375 | €1,375 | = |
| Other financial fixed assets284/8 | - | €1,375 | €1,375 | €1,375 | €1,375 | = |
| Shares284 | - | - | €0 | - | - | - |
| Amounts receivable and cash guarantees285/8 | - | €1,375 | €1,375 | €1,375 | €1,375 | = |
| Current assets29/58 | €32,954 | €48,236 | €30,096 | €16,690 | €15,348 | ▼ 8.0% |
| Stocks and contracts in progress3 | €28,045 | €28,045 | €0 | - | - | - |
| Stocks30/36 | - | €28,045 | €0 | - | - | - |
| Property held for sale35 | - | €28,045 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €223 | €5,484 | €24,951 | €2,152 | €14,175 | ▲ 559% |
| Trade receivables40 | - | €5,484 | €0 | €0 | €0 | - |
| Other amounts receivable41 | - | - | €24,951 | €2,152 | €14,175 | ▲ 559% |
| Cash at bank and in hand54/58 | €4,362 | €14,382 | €5,145 | €14,538 | €1,173 | ▼ 91.9% |
| Deferred charges and accrued income490/1 | - | €325 | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €738,035 | €734,083 | €677,477 | €644,838 | €640,098 | ▼ 0.7% |
| Equity10/15 | €372,734 | €350,579 | €270,381 | €234,559 | €185,354 | ▼ 21.0% |
| Contributions10/11 | - | €382,320 | €382,820 | €382,820 | €382,820 | = |
| Capital10 | - | - | €382,820 | - | - | - |
| Issued capital100 | - | - | €382,820 | - | - | - |
| Reserves13 | €2,326 | €2,326 | €1,826 | €1,826 | €1,826 | = |
| Distributable reserves133 | - | €2,326 | €1,826 | €1,826 | €1,826 | = |
| Profit (loss) carried forward14 | -€11,912 | -€34,067 | -€114,265 | -€150,087 | -€199,292 | ▼ 32.8% |
| Provisions and deferred taxes16 | €10,000 | €10,000 | €0 | - | - | - |
| Provisions for liabilities and charges160/5 | - | €10,000 | €0 | - | - | - |
| Other liabilities and charges164/5 | - | €10,000 | €0 | - | - | - |
| Amounts payable17/49 | €355,301 | €373,505 | €407,096 | €410,279 | €454,743 | ▲ 10.8% |
| Amounts payable within one year42/48 | €355,058 | €373,413 | €407,096 | €410,279 | €454,743 | ▲ 10.8% |
| Trade debts44 | €7,449 | €5,457 | €12,293 | €4,037 | €4,041 | ▲ 0.1% |
| Suppliers440/4 | - | €5,457 | €12,293 | €4,037 | €4,041 | ▲ 0.1% |
| Taxes, remuneration and social security45 | - | - | €393 | €0 | €0 | - |
| Taxes450/3 | - | - | €393 | €0 | €0 | - |
| Other amounts payable47/48 | - | €367,956 | €394,410 | €406,242 | €450,702 | ▲ 10.9% |
| Accrued charges and deferred income492/3 | - | €92 | €0 | - | - | - |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,707 | -€22,156 | -€49,595 | -€35,822 | -€49,205 | ▼ 37.4% |
| + Depreciation and write-downs630 | €19,233 | €19,233 | €19,233 | €19,233 | €19,480 | ▲ 1.3% |
| Operating cash flow (approximation) | €7,526 | -€2,923 | -€30,362 | -€16,589 | -€29,725 | ▼ 79.2% |
| Investment in fixed assets (approximation) | - | €0 | - | €0 | -€16,082 | - |
| Change in cash | - | €10,020 | - | €9,393 | -€13,365 | ▼ 242% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
2022
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · unclassified schema
2020
31-12
Financial
Equity above €200,000Eq €372,734 ▲135%
Equity rises from €158,442 to €372,734.
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet -€54,912
Net result drops to -€54,912, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 17 acts read
About the unread acts
We know of 17 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
17 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel
Ground area
253 m²
Building footprint
238 m²
Volume, LiDAR
5,799 m³
Parcel 21802B0335/00E000, Brussels · tallest building 34.3 m, ±8 floors. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21802B0335/00E000 | Brussels | 253 m² | 1 · 238 m² | 34.3 m · 8 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 11,756 companies in sector 68310 we hold annual accounts for 6,906. 5,220 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-06-2006
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
81100Combined facilities support activities
Scores and ratios are computed by Checked and are not a credit decision.