MPROVE (0785.360.894): financials and annual accounts

MPROVE

Poperinge ·KBO/BCE: BE 0785.360.894

Line	2025	2024	2023
Balance sheet: assets
Total assets`20/58`	239,885	241,874	237,310
Fixed assets`21/28`	108,192	120,433	139,563
Intangible fixed assets`21`	50,630	58,630	66,630
Tangible fixed assets`22/27`	57,562	61,803	72,933
Plant, machinery and equipment`23`	13,943	19,122	23,301
Furniture and vehicles`24`	28,375	37,510	43,778
Other tangible fixed assets`26`	15,244	5,171	5,854
Current assets`29/58`	131,693	121,441	97,747
Amounts receivable within one year`40/41`	25,051	23,941	20,534
Trade receivables`40`	24,365	23,941	20,534
Other amounts receivable`41`	686	-	-
Cash at bank and in hand`54/58`	104,436	95,384	75,169
Deferred charges and accrued income`490/1`	2,206	2,116	2,044
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	239,885	241,874	237,310
Equity`10/15`	127,520	94,069	58,814
Contributions`10/11`	5,000	5,000	5,000
Reserves`13`	122,520	89,069	53,814
Distributable reserves`133`	122,520	89,069	53,814
Amounts payable`17/49`	112,365	147,805	178,496
Amounts payable after more than one year`17`	58,000	58,000	5,297
Financial debts`170/4`	58,000	58,000	5,297
Amounts payable within one year`42/48`	54,365	89,666	173,199
Current portion of amounts payable after more than one year`42`	-	5,297	5,715
Trade debts`44`	17,382	8,318	9,384
Suppliers`440/4`	17,382	8,318	9,384
Taxes, remuneration and social security`45`	3,490	40,192	24,348
Taxes`450/3`	3,490	40,192	24,348
Other amounts payable`47/48`	33,493	35,859	133,752
Accrued charges and deferred income`492/3`	-	139	-
Income statement
Gross operating margin`9900`	84,500	80,207	121,657
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	27,428	25,616	40,223
Other operating charges`640/8`	4,465	1,175	4,926
Operating profit (loss)`9901`	52,607	53,416	76,508
Financial income`75/76B`	-	-	4
Recurring financial income`75`	-	-	4
Financial charges`65/66B`	4,842	3,188	450
Recurring financial charges`65`	4,842	3,188	450
Profit (loss) for the period before taxes`9903`	47,765	50,228	76,062
Income taxes`67/77`	14,314	14,973	22,248
Profit (loss) for the period`9904`	33,451	35,255	53,814
Profit (loss) for the period to be appropriated`9905`	33,451	35,255	53,814
Appropriation of the result
Profit (loss) to be appropriated`9906`	33,451	35,255	53,814
Transfer to equity`691/2`	33,451	35,255	53,814
To other reserves`6921`	33,451	35,255	53,814
Document	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	28-08-2026	2026-00443906	PDF
31-12-2024	abbreviated format	29-08-2025	2025-00433168	PDF
31-12-2023	abbreviated format	29-07-2024	2024-00295339	PDF

Year	Entries	Awarded	Paid
2024	1	€315	€315
2023	1	€285	€428
2022	1	€143	€143

Line	2025	2024	2023
EBITDA	80,035	79,032	116,731
Cash flow	60,879	60,871	94,037
Investment in fixed assets	15,187	6,486	179,786
Change in cash	9,052	20,215	-
Working capital	77,328	31,775	-75,452
Solvency	53.2%	38.9%	24.8%
Current ratio	2.42	1.35	0.56
Debt to equity	0.88	1.57	3.03
ROE	26.2%	37.5%	91.5%
ROA	13.9%	14.6%	22.7%
Interest coverage	16.53	24.79	over 100

Item	2025	2024	2023
Tangible fixed assets	€15,187	€6,486	€99,786
Intangible fixed assets	-	-	€80,000
Depreciation and write-downs of the year	€27,428	€25,616	€40,223

MPROVE

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022 to 2024, 3 entries, €743 awarded, €886 paid

Key figures and ratios

Investments

Insights on MPROVE

Next steps