MP COOLING
ActiveMP COOLING has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €225k and a net result of €39k. Equity is growing by ~11% per year across the filed fiscal years. Its solvency ranks better than 76% of 27451 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
88
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability84▲+7
Solvency97=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 3.77 against 4.36 in 2024; short-term debt: 20.3% and cash: 52.2% of total assets), and 28.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
71.7%
Return on assets
12.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
29 d late
2024
29 d late
2023
5 d early
2022
2 d early
2021
22 d late
2020
26 d late
2019
31 d late
← before the deadline
after the deadline →
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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€225k▼ 11.2%
2024 · €254k
2018: €47k
2019: €98k
2020: €185k
2021: €221k
2022: €245k
2023: €230k
2024: €254k
2018 → 2025
Total assets
€314k▼ 10.7%
2024 · €352k
2018: €117k
2019: €179k
2020: €317k
2021: €263k
2022: €300k
2023: €345k
2024: €352k
2018 → 2025
Net result
€39k▲ 65.5%
2024 · €24k
2018: €18k
2019: €51k
2020: €81k
2021: €36k
2022: €24k
2023: €9k
2024: €24k
2018 → 2025
Working capital
€177k▼ 21.5%
2024 · €225k
2018: €24k
2019: €2k
2020: €76k
2021: €98k
2022: €156k
2023: €148k
2024: €225k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€221k-€245k▲ 10.6%€230k▼ 6.2%€254k▲ 10.3%€225k▼ 11.2%
Operating result€49k-€31k▼ 35.8%€14k▼ 54.1%€30k▲ 111%€53k▲ 74.9%
Net result€36k-€24k▼ 34.9%€9k▼ 61.9%€24k▲ 165%€39k▲ 65.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 75% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €314k
Fixed assets
€74k▲ 23.0%
Current assets
€240k▼ 17.7%
Equity and liabilities €314k
Equity
€225k▼ 11.2%
Debt
€89k▼ 9.6%
The debt ratio rises from 27.9% to 28.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€98k▲
2024 · €68k
Cash flow
€84k▲
2024 · €61k
Solvency
71.7%▼
2024 · 72.1%
Current ratio
3.77▼
2024 · 4.36
Quick ratio
3.19▼
2024 · 3.85
Debt / equity
0.39▲
2024 · 0.39
ROE
17.5%▲
2024 · 9.4%
ROA
12.5%▲
2024 · 6.8%
Interest coverage
27.39▼
2024 · 66.06
Debt
€89k▼
2024 · €98k
Debt ≤ 1 year
€64k▼
2024 · €67k
Debt > 1 year
€24k▼
2024 · €31k
Income taxes
€10k▲
2024 · €8k
Staff costs
€51k▲
2024 · €37k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€352k€314k▼
Fixed assets21/28€60k€74k▲
Intangible fixed assets21€115€15▼
Tangible fixed assets22/27€60k€74k▲
Plant, machinery and equipment23€8k€3k▼
Furniture and vehicles24€52k€71k▲
Current assets29/58€292k€240k▼
Amounts receivable after more than one year29€70k-
Other amounts receivable291€70k-
Stocks and contracts in progress3€34k€37k▲
Stocks30/36€34k€37k▲
Amounts receivable within one year40/41€11k€19k▲
Trade receivables40€8k€19k▲
Other amounts receivable41€3k-
Cash at bank and in hand54/58€146k€164k▲
Deferred charges and accrued income490/1€31k€21k▼
Equity and liabilities
Total equity and liabilities10/49€352k€314k▼
Equity10/15€254k€225k▼
Contributions10/11€6k€6k=
Reserves13€224k€156k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€222k€154k▼
Profit (loss) carried forward14€24k€63k▲
Amounts payable17/49€98k€89k▼
Amounts payable after more than one year17€31k€24k▼
Financial debts170/4€31k€24k▼
Amounts payable within one year42/48€67k€64k▼
Current portion of amounts payable after more than one year42€7k€7k▲
Trade debts44€24k€31k▲
Suppliers440/4€24k€31k▲
Taxes, remuneration and social security45€10k€15k▲
Taxes450/3€5k€6k▲
Remuneration and social security454/9€4k€9k▲
Other amounts payable47/48€27k€10k▼
Accrued charges and deferred income492/3€483€2k▲
Income statement
Code20242025
Non-recurring operating income76A€4k€15k▲
Remuneration, social security and pensions62€37k€51k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€45k▲
Other operating charges640/8€3k€3k▲
Gross operating margin9900€108k€152k▲
Operating profit (loss)9901€30k€53k▲
Financial income75/76B€2k€190▼
Recurring financial income75€2k€190▼
Financial charges65/66B€1k€4k▲
Recurring financial charges65€1k€4k▲
Profit (loss) for the period before taxes9903€31k€50k▲
Income taxes67/77€8k€10k▲
Profit (loss) for the period9904€24k€39k▲
Profit (loss) for the period to be appropriated9905€24k€39k▲
Appropriation of the result
Profit (loss) to be appropriated9906€24k€63k▲
Profit (loss) brought forward from the previous period14P€79€24k▲
Transfer from equity791/2-€68k
Profit to be distributed694/7-€68k
Return on contributions (dividend)694-€68k
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €9k ▼61.9%
Net result drops to €9k, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 5.68
Current ratio from 1.83 to 5.68; short-term debt falls from €92k to €21k.
31-12
Financial
Equity above €200kEq €221k ▲19.5%
4 profitable years in a row build equity to €221k.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Highest result since 2018net €81k ▲59.4%
Operating result €116k, net result €81k, both a record.
31-12
Financial
Equity above €150kEq €185k ▲88.5%
3 profitable years in a row build equity to €185k.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Dendermonde · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Mandekensstraat (BAA) 3069200 DendermondeGround area
873 m²
Building footprint
152 m²
Volume, LiDAR
696 m³
Parcel 42002B0854/00F000, Flanders · tallest building 8.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MP COOLING
since 20162.260.899.457
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42002B0854/00F000 | Flanders | 873 m² | 1 · 152 m² | 8.6 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 1,306 EUR awarded · 1,306 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 674 EUR | 674 EUR |
| 2023 | 1 | 632 EUR | 632 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
4 endedSimilar companies · same sector, comparable size
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Of 15,542 companies in sector 43990 we hold annual accounts for 7,421. 5,705 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded23-02-2016
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:cindy@mpcooling.be
Phone:052220911