Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 43 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2024.
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Busy address KBO
27 other companies have their registered office at the same address; threshold 10.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
MPBROKER from Wavre, company number BE0478158629, closed financial year 2025 with a result of € 43,949 after tax. For that financial year MPBROKER recorded a gross margin of € 564,997 and equity of € -14,941. Compared with financial year 2024, the result moved from € -32,715 to € 43,949. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 22, 2026.
€ -14,941
▲ € 949 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 43,949
▲ still € 32,715 loss in 2024
Profit after tax over the fiscal year.
€ 32,033
▼ 59% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 43,000 paid out
98 % of the profit went to the shareholders, mostly to MASSAGÉ INVEST (100 % of the shares). That is where the money ends up.
People and assets in 2025
€ 345,643
▲ 52% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 228,347
▲ 2% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 298,737
▲ 13% vs 2024
€ 75,169 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 15,999
▼ 77% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 38,533
▲ 41% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 291,990 | € 376,931 | € 393,785 | € 564,997 | ▲ 43% |
| Profit after taxes | € 24,058 | € 74,126 | € -32,715 | € 43,949 | ▲ € 76,665 |
| Equity | € 26,699 | € 26,825 | € -15,890 | € -14,941 | ▲ € 949 |
| Total debts | € 409,389 | € 429,157 | € 388,317 | € 386,284 | ▼ 1% |
| Cash | € 36,876 | € 104,271 | € 78,496 | € 32,033 | ▼ 59% |
| Retained profit | € 8,099 | € 8,225 | € -34,490 | € -33,541 | ▲ € 949 |
| Dividend | € 24,000 | € 74,000 | € 0 | € 43,000 | |
| Bank debt | € 302,559 | € 309,359 | € 263,565 | € 298,737 | ▲ 13% |
| Balance sheet total | € 436,088 | € 455,981 | € 372,426 | € 371,343 |
Key figures of MPBROKER, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to MPBROKER?
What happened at MPBROKER in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 43,949. Source: NBB ↗
- New establishment in Wavre. KBO
- Start of the company according to the CBE. KBO
In short
From € 24,058 profit in 2022 to € 43,949 profit in 2025.
Paid € 92,071 in corporate taxes since 2022.
Best year ever: 2023, with € 74,126 profit.
Paid out € 141,000 in dividends to the owners in total.
Management
The stake of MASSAGÉ INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MPBROKERBehind MPBROKER is MASSAGE INVEST SRL. The shares are held by MASSAGÉ INVEST (100%).
Directors
According to the 2025 annual accounts
Manager · represented by Olivier MASSAGE
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Avenue Zénobe Gramme 30
1300 Wavre
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 27 companies are registered at this address.
All companies at this address →PARAPH
€ 94,888 gross margin · 2025
Zime
€ 29,560 gross margin · 2025
AFRITEX SERVICES
€ -3,487 gross margin · 2025
BRODEO
€ -9,830 gross margin · 2025
PACA INVEST
€ 76,948 gross margin · 2025
+22 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0478.158.629
- VAT number
- BE 0478.158.629
- Registered office
- Avenue Zénobe Gramme 30, 1300 Wavre
- Names & denominations
- MPBROKER
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 August 2002
- Peppol
- Not registered
- Activities · NACE
Activiteiten van verzekeringsagenten en -makelaars