MPA
ActiveSummary
MPA has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €575,122 and a net result of €83,780. Equity is growing by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 72% of 3762 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability49▼-30
Solvency77▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 2.19 against 2.29 in 2024; short-term debt: 41.7% and cash: 61.1% of total assets), and 47.5% of the assets are financed with debt.
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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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more 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
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
52.5%
Return on assets
7.6%
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 24-08-2026, 24 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 · 10 filingsDeviation from the deadline
2025
24 d late
2024
17 d late
2023
12 d early
2022
on the day
2021
10 d late
2020
31 d late
2019
91 d late
← 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 23 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€83,780▼ 34.9%
2024 · €128,774
Working capital
€544,029▼ 6.8%
2024 · €583,530
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€215,853▲ 73.1%€167,101▼ 22.6%€158,720▼ 5.0%€229,146▲ 44.4%€199,360▼ 13.0%
Net result€94,389above the sector's middle half▲ 14.2%€89,803above the sector's middle half▼ 4.9%€74,395above the sector's middle half▼ 17.2%€128,774above the sector's middle half▲ 73.1%€83,780above the sector's middle half▼ 34.9%
Equity€433,532above the sector's middle half▲ 12.9%€484,335above the sector's middle half▲ 11.7%€511,717above the sector's middle half▲ 5.7%€573,984above the sector's middle half▲ 12.2%€575,122above the sector's middle half▲ 0.2%
Total assets€852,055above the sector's middle half▲ 18.7%€882,727above the sector's middle half▲ 3.6%€1.0mabove the sector's middle half▲ 17.6%€1.1mabove the sector's middle half▲ 3.2%€1.1mabove the sector's middle half▲ 2.2%
Debt€390,297▲ 47.0%€365,508▼ 6.4%€489,881▲ 34.0%€451,406▼ 7.9%€457,172▲ 1.3%
Working capital€442,100above the sector's middle half▲ 3.1%€483,868above the sector's middle half▲ 9.4%€509,957above the sector's middle half▲ 5.4%€583,530above the sector's middle half▲ 14.4%€544,029above the sector's middle half▼ 6.8%
Solvency50.9%within the sector's middle half▼ 2.6pp54.9%above the sector's middle half▲ 4.0pp49.3%above the sector's middle half▼ 5.6pp53.5%above the sector's middle half▲ 4.3pp52.5%within the sector's middle half▼ 1.1pp
Current ratio2.13within the sector's middle half▼ 0.482.32above the sector's middle half▲ 0.192.04above the sector's middle half▼ 0.282.29above the sector's middle half▲ 0.252.19above the sector's middle half▼ 0.10
Return on assets (ROA)11.1%within the sector's middle half▼ 0.4pp10.2%within the sector's middle half▼ 0.9pp7.2%within the sector's middle half▼ 3.0pp12.0%within the sector's middle half▲ 4.8pp7.6%within the sector's middle half▼ 4.4pp
Staff (FTE)8.8within the sector's middle half▲ 6.0%7.9within the sector's middle half▼ 10.2%8.4within the sector's middle half▲ 6.3%7.6within the sector's middle half▼ 9.5%8.9within the sector's middle half▲ 17.1%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 13% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€94,391 ▲ 155%
Current assets
€1.0m ▼ 3.3%
Equity and liabilities €1.1m
Equity
€575,122 ▲ 0.2%
Provisions
€63,297 ▲ 36.1%
Debt
€457,172 ▲ 1.3%
Debt's share of the balance-sheet total falls from 42.1% to 41.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€216,736▼
2024 · €239,912
Cash flow
€101,157▼
2024 · €139,539
Quick ratio
2.16▼
2024 · 2.27
Debt to equity
0.79▲
2024 · 0.79
ROE
14.6%▼
2024 · 22.4%
Interest coverage
2.46▼
2024 · 5.41
Debt ≤ 1 year
€457,172▲
2024 · €451,406
Income taxes
€31,992▼
2024 · €56,159
Staff costs
€315,471▲
2024 · €282,225
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,349 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €20,300 | €0 | - | - | - |
| Remuneration, social security and pensions62 | €278,452 | €280,939 | €295,283 | €282,225 | €315,471 | ▲ 11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,742 | €9,795 | €13,250 | €10,765 | €17,376 | ▲ 61.4% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€40,295 | €4,658 | €3,710 | €9,912 | €16,791 | ▲ 69.4% |
| Other operating charges640/8 | €6,559 | €3,635 | €1,006 | €1,749 | €2,036 | ▲ 16.4% |
| Non-recurring operating charges66A | €5,000 | €0 | - | - | - | - |
| Gross operating margin9900 | €480,311 | €466,128 | €471,969 | €533,798 | €551,034 | ▲ 3.2% |
| Operating profit (loss)9901 | €215,853 | €167,101 | €158,720 | €229,146 | €199,360 | ▼ 13.0% |
| Financial income75/76B | €236 | €1 | €156 | €156 | €4,504 | ▲ 2,793% |
| Recurring financial income75 | €236 | €1 | €156 | €156 | €4,504 | ▲ 2,793% |
| Financial charges65/66B | €80,245 | €42,855 | €53,941 | €44,369 | €88,092 | ▲ 98.5% |
| Recurring financial charges65 | €80,245 | €42,855 | €53,941 | €44,369 | €88,092 | ▲ 98.5% |
| Profit (loss) for the period before taxes9903 | €135,844 | €124,246 | €104,934 | €184,933 | €115,772 | ▼ 37.4% |
| Income taxes67/77 | €41,455 | €34,444 | €30,539 | €56,159 | €31,992 | ▼ 43.0% |
| Profit (loss) for the period9904 | €94,389 | €89,803 | €74,395 | €128,774 | €83,780 | ▼ 34.9% |
| Profit (loss) for the period to be appropriated9905 | €94,389 | €89,803 | €74,395 | €128,774 | €83,780 | ▼ 34.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €852,055 | €882,727 | €1.0m | €1.1m | €1.1m | ▲ 2.2% |
| Fixed assets21/28 | €19,658 | €33,351 | €38,354 | €36,960 | €94,391 | ▲ 155% |
| Tangible fixed assets22/27 | €17,978 | €31,671 | €36,674 | €35,280 | €92,711 | ▲ 163% |
| Land and buildings22 | €5,702 | €5,239 | €14,076 | €13,563 | €11,934 | ▼ 12.0% |
| Plant, machinery and equipment23 | €1,906 | €444 | €0 | €3,505 | €2,362 | ▼ 32.6% |
| Furniture and vehicles24 | €10,370 | €25,988 | €22,598 | €18,212 | €16,487 | ▼ 9.5% |
| Other tangible fixed assets26 | - | - | - | - | €61,928 | - |
| Financial fixed assets28 | €1,680 | €1,680 | €1,680 | €1,680 | €1,680 | = |
| Current assets29/58 | €832,397 | €849,376 | €999,838 | €1.0m | €1.0m | ▼ 3.3% |
| Stocks and contracts in progress3 | €7,254 | €6,470 | €5,220 | €10,359 | €13,195 | ▲ 27.4% |
| Stocks30/36 | €7,254 | €6,470 | €5,220 | €10,359 | €13,195 | ▲ 27.4% |
| Amounts receivable within one year40/41 | €115,428 | €80,853 | €104,726 | €35,622 | €109,921 | ▲ 209% |
| Trade receivables40 | €104,760 | €77,323 | €101,552 | €34,722 | €103,434 | ▲ 198% |
| Other amounts receivable41 | €10,669 | €3,530 | €3,174 | €900 | €6,487 | ▲ 621% |
| Current investments50/53 | - | - | - | - | €202,576 | - |
| Cash at bank and in hand54/58 | €702,068 | €754,153 | €887,245 | €982,235 | €668,981 | ▼ 31.9% |
| Deferred charges and accrued income490/1 | €7,646 | €7,900 | €2,647 | €6,719 | €6,527 | ▼ 2.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €852,055 | €882,727 | €1.0m | €1.1m | €1.1m | ▲ 2.2% |
| Equity10/15 | €433,532 | €484,335 | €511,717 | €573,984 | €575,122 | ▲ 0.2% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €359,710 | €410,512 | €437,895 | €500,162 | €501,300 | ▲ 0.2% |
| Non-distributable reserves130/1 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Reserves not available under the articles1311 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Tax-exempt reserves132 | €28,303 | €28,303 | €28,303 | €28,303 | €28,303 | = |
| Distributable reserves133 | €329,551 | €380,354 | €407,737 | €470,004 | €471,142 | ▲ 0.2% |
| Profit (loss) carried forward14 | €61,422 | €61,422 | €61,422 | €61,422 | €61,422 | = |
| Provisions and deferred taxes16 | €28,226 | €32,884 | €36,594 | €46,506 | €63,297 | ▲ 36.1% |
| Provisions for liabilities and charges160/5 | €28,226 | €32,884 | €36,594 | €46,506 | €63,297 | ▲ 36.1% |
| Other liabilities and charges164/5 | €28,226 | €32,884 | €36,594 | €46,506 | €63,297 | ▲ 36.1% |
| Amounts payable17/49 | €390,297 | €365,508 | €489,881 | €451,406 | €457,172 | ▲ 1.3% |
| Amounts payable within one year42/48 | €390,297 | €365,508 | €489,881 | €451,406 | €457,172 | ▲ 1.3% |
| Trade debts44 | €81,986 | €72,568 | €82,131 | €93,991 | €120,157 | ▲ 27.8% |
| Suppliers440/4 | €81,986 | €72,568 | €82,131 | €93,991 | €120,157 | ▲ 27.8% |
| Advances received on contracts in progress46 | €42,350 | €28,482 | €48,400 | €0 | - | - |
| Taxes, remuneration and social security45 | €88,993 | €54,827 | €67,094 | €71,123 | €81,681 | ▲ 14.8% |
| Taxes450/3 | €57,619 | €27,301 | €35,700 | €44,406 | €56,362 | ▲ 26.9% |
| Remuneration and social security454/9 | €31,373 | €27,526 | €31,393 | €26,717 | €25,318 | ▼ 5.2% |
| Other amounts payable47/48 | €176,967 | €209,631 | €292,256 | €286,292 | €255,334 | ▼ 10.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €94,389 | €89,803 | €74,395 | €128,774 | €83,780 | ▼ 34.9% |
| + Depreciation and write-downs630 | €14,742 | €9,795 | €13,250 | €10,765 | €17,376 | ▲ 61.4% |
| Operating cash flow (approximation) | €109,132 | €99,598 | €87,646 | €139,539 | €101,157 | ▼ 27.5% |
| Investment in fixed assets (approximation) | - | -€23,488 | -€18,253 | -€9,371 | -€74,807 | ▼ 698% |
| Change in cash | - | €52,085 | €133,091 | €94,991 | -€313,254 | ▼ 430% |
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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 24 days late
2025
17-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 17 days late
2024
31-12
Financial
Highest result since 2018net €128,774 ▲73.1%
Operating result €229,146, net result €128,774, both a record.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €500,000Eq €511,717 ▲5.7%
6 profitable years in a row build equity to €511,717.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 10 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
2019
23-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 84 days late
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 9 days late
2017
24-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 85 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Mouscron · 1 establishment unit since 2004
Ground area
178 m²
Building footprint
88 m²
Volume, LiDAR
1,072 m³
Parcel 54433E0609/00P003, Wallonia · tallest building 13.1 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
MPA SPRL
since 20042.139.423.882
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54433E0609/00P003 | Wallonia | 178 m² | 1 · 88 m² | 13.1 m · 4 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMouscron/Moeskroen2.139.423.882
Legal Entity Identifier
254900KZ0EEGTTSMBO36
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Of 21,859 companies in sector 56112 we hold annual accounts for 9,782. 4,073 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
Founded16-08-2004
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0866795364
Also
9925:BE0866795364
Registered
16-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.