OPENING OF BANKRUPTCY

MPRA

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Financial year 2025 · closed on 31/10/2025

Net result

392,8 k €

+413.3% YoY

Gross margin

1,5 M €

+29.7% YoY

Equity

393,7 k €

+40662.3% YoY

Workforce

19,0 ETP

-4.0% YoY

Company — Opening of bankruptcy.

Strike-off: 24 juin 2026

What does MPRA do?

MPRA is a Public limited company incorporated in 2015. Its registered office is in Kortrijk. It employs on average 19,0 ETP workers (FTE).

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0629.754.583

Incorporation

04/05/2015

Legal form

Public limited company

Registered office

Hospitaalweg(Mar) 1 C
8510 Kortrijk · FlandreSee on map

Contributed capital

900 000,00 €

Latest accounts

31/10/2025

Average workforce

19,0 ETP

Joint committees (3)

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 9 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016
Income statement
Gross margin	1,5 M €	+29.7%	1,2 M €	-10.5%	1,3 M €	-4.3%	1,4 M €	+17.0%	1,2 M €	-19.3%	1,4 M €	+0.6%	1,4 M €	+2.9%	1,4 M €	-17.5%	1,7 M €
EBITDA	599 k €	+431%	112,7 k €	-57.4%	264,9 k €	+6.5%	248,7 k €	+141%	-599,6 k €	-361%	229,5 k €	+23.1%	186,5 k €	-34.8%	285,8 k €	+280%	75,2 k €
Operating result	484,1 k €	+26260%	-1,9 k €	-101%	154,4 k €	+12.7%	137,1 k €	+117%	-810,2 k €	-1175%	75,4 k €	+102%	37,4 k €	-73.4%	140,6 k €	+203%	-136,1 k €
Net result	392,8 k €	+413%	-125,4 k €	-274%	71,9 k €	-27.6%	99,3 k €	+111%	-882,8 k €	-3682%	24,6 k €	+3179%	751,7 €	-99.3%	103,2 k €	+154%	-190,7 k €
Balance sheet
Equity	393,7 k €	+40662%	966 €	-99.2%	126,3 k €	+132%	54,4 k €	+221%	-44,8 k €	-113%	337,9 k €	+7.9%	313,3 k €	+0.2%	312,5 k €	+49.3%	209,3 k €
Total assets	3 M €	-3.1%	3,1 M €	-5.6%	3,3 M €	+12.0%	2,9 M €	-4.6%	3,1 M €	+17.3%	2,6 M €	-6.1%	2,8 M €	-3.7%	2,9 M €	+20.0%	2,4 M €
Cash	5,8 k €	+66.6%	3,5 k €	-97.4%	131,3 k €	+300%	32,8 k €	-63.8%	90,8 k €	+413%	17,7 k €	-57.6%	41,7 k €	-85.8%	294,3 k €	+542%	45,9 k €
Debts	2,6 M €	-15.4%	3,1 M €	-2.3%	3,1 M €	+9.7%	2,9 M €	-7.5%	3,1 M €	+36.4%	2,3 M €	-7.8%	2,5 M €	-4.2%	2,6 M €	+17.2%	2,2 M €
Other
Workforce	19,0 ETP	-4.0%	19,8 ETP	-4.8%	20,8 ETP	-17.5%	25,2 ETP	+0.4%	25,1 ETP	-3.5%	26,0 ETP	0.0%	26,0 ETP	0.0%	26,0 ETP	+14.0%	22,8 ETP

Governance

Board of directors

Seen on filing of 31/10/2025 · 2 active · 7 ended

Active mandates

SSTIG

Director · since 16 août 2023 · until 07 avril 2027 · 0799.775.094

Represented by Steven Stichelbout

Active

GECORP ADVICE & MANAGEMENT

Managing director · since 26 février 2021 · until 07 avril 2027 · 0824.529.395

Represented by Benedict Geers

Active

Ended mandates

SSTIG

Director · since 16 août 2023 · 0799.775.094

Represented by STEVEN STICHELBOUT

Ended

ANNEMIE VANHOORNE

Director · since 26 février 2021 · until 16 août 2023

Ended

ANNEMIE VANHOORNE

Director · since 26 février 2021

Ended

BENEDICT GEERS

Director · until 26 février 2021

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/11/2024	01/11/2023	01/11/2022	01/11/2021	01/01/2020	01/01/2019
Closing of the financial year	31/10/2025	31/10/2024	31/10/2023	31/10/2022	31/10/2021	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	22 months	12 months
Filing date	29/05/2026	30/06/2025	02/05/2024	02/05/2023	31/05/2022	26/06/2020
General meeting	06/05/2026	16/06/2025	03/04/2024	05/04/2023	11/05/2022	03/06/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

9 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/10/2025	06/05/2026	29/05/2026	Dutch	PDF
Abridged model	31/10/2024	16/06/2025	30/06/2025	Dutch	PDF
Abridged model	31/10/2023	03/04/2024	02/05/2024	Dutch	PDF
Abridged model	31/10/2022	05/04/2023	02/05/2023	Dutch	PDF
Abridged model	31/10/2021	11/05/2022	31/05/2022	Dutch	PDF
Abridged model	31/12/2019	03/06/2020	26/06/2020	Dutch	PDF
Abridged model	31/12/2018	05/06/2019	25/06/2019	Dutch	PDF
Abridged model	31/12/2017	28/03/2018	29/03/2018	Dutch	PDF
Abridged model	31/12/2016	07/06/2017	29/06/2017	Dutch	PDF

Estimate

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/10/2025 · 2 active · 7 ended

Active mandates

SSTIG

Director · since 16 août 2023 · until 07 avril 2027 · 0799.775.094

Represented by Steven Stichelbout

Active

GECORP ADVICE & MANAGEMENT

Managing director · since 26 février 2021 · until 07 avril 2027 · 0824.529.395

Represented by Benedict Geers

Active

Ended mandates

SSTIG

Director · since 16 août 2023 · 0799.775.094

Represented by STEVEN STICHELBOUT

Ended

ANNEMIE VANHOORNE

Director · since 26 février 2021 · until 16 août 2023

Ended

ANNEMIE VANHOORNE

Director · since 26 février 2021

Ended

BENEDICT GEERS

Director · until 26 février 2021

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/10/2023
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares29/06/2021
KAPITAAL - AANDELEN
PDF
Mandates02/03/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Other06/05/2015
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025392,8 k €↑
2024
Annual accounts 2024-125,4 k €↓
2023
Annual accounts 202371,9 k €↓
2022
Annual accounts 202299,3 k €↑
2021
Annual accounts 2021-882,8 k €↓
2019
Annual accounts 201924,6 k €↑
2018
Annual accounts 2018751,7 €↓
2017
Annual accounts 2017103,2 k €↑
2016
Annual accounts 2016-190,7 k €
04/05/2015
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

MPRA

Overview

What does MPRA do?

Trend over 9 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline