M.V.
ActiveSummary
M.V. has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €125k and a net result of €74k. Equity is growing by ~76.3% per year across the filed fiscal years. Its solvency ranks better than 42% of 4659 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+6
Solvency42▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity short (current ratio 0.53 against 0.64 in 2024; short-term debt: 22.8% and cash: 6.8% of total assets), and 83.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
16.8%
Return on assets
10%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 23-02-2026, 23 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 · 6 filingsDeviation from the deadline
2025
23 d late
2024
4 d late
2023
1 d early
2022
13 d late
2021
28 d late
2020
10 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€125k▲ 13.5%
2024 · €110k
2020: €5klowest in 6 years
2021: €6k▲ +22.8% vs 2020
2022: €12k▲ +90.9% vs 2021
2023: €65k▲ +442% vs 2022
2024: €110k▲ +70.0% vs 2023
2025: €125k▲ +13.5% vs 2024highest in 6 years
2020 → 2025
Total assets
€745k▼ 16.4%
2024 · €891k
2020: €561klowest in 6 years
2021: €655k▲ +16.9% vs 2020
2022: €842k▲ +28.5% vs 2021
2023: €1.17M▲ +39.2% vs 2022highest in 6 years
2024: €891k▼ -23.9% vs 2023
2025: €745k▼ -16.4% vs 2024
2020 → 2025
Net result
€74k▲ 63.6%
2024 · €45k
2020: €116lowest in 6 years
2021: €1k▲ +903% vs 2020
2022: €6k▲ +389% vs 2021
2023: €53k▲ +828% vs 2022
2024: €45k▼ -14.2% vs 2023
2025: €74k▲ +63.6% vs 2024highest in 6 years
2020 → 2025
Working capital
€-80k▲ 28.1%
2024 · €-111k
2020: €198khighest in 6 years
2021: €131k▼ -33.8% vs 2020
2022: €-143k▼ -209% vs 2021lowest in 6 years
2023: €-122k▲ +14.6% vs 2022
2024: €-111k▲ +8.6% vs 2023
2025: €-80k▲ +28.1% vs 2024
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€6k-€12k▲ 90.9%€65k▲ 442%€110k▲ 70.0%€125k▲ 13.5%
2021: €6klowest in 5 years
2022: €12k▲ +90.9% vs 2021
2023: €65k▲ +442% vs 2022
2024: €110k▲ +70.0% vs 2023
2025: €125k▲ +13.5% vs 2024highest in 5 years
Operating result€12k-€18k▲ 56.4%€73k▲ 298%€81k▲ 11.1%€113k▲ 40.0%
2021: €12klowest in 5 years
2022: €18k▲ +56.4% vs 2021
2023: €73k▲ +298% vs 2022
2024: €81k▲ +11.1% vs 2023
2025: €113k▲ +40.0% vs 2024highest in 5 years
Net result€1k-€6k▲ 389%€53k▲ 828%€45k▼ 14.2%€74k▲ 63.6%
2021: €1klowest in 5 years
2022: €6k▲ +389% vs 2021
2023: €53k▲ +828% vs 2022
2024: €45k▼ -14.2% vs 2023
2025: €74k▲ +63.6% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 40% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €745k
Fixed assets
€656k ▼ 5.6%
Current assets
€89k ▼ 54.5%
Equity and liabilities €745k
Equity
€125k ▲ 13.5%
Debt
€620k ▼ 20.6%
Debt's share of the balance-sheet total falls from 87.6% to 83.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€161k▲
2024 · €131k
Cash flow
€123k▲
2024 · €96k
Current ratio
0.53▼
2024 · 0.64
Quick ratio
0.32▼
2024 · 0.52
Debt to equity
4.95▼
2024 · 7.07
ROE
59.4%▲
2024 · 41.2%
ROA
10.0%▲
2024 · 5.1%
Interest coverage
12.53▲
2024 · 6.35
Debt ≤ 1 year
€170k▼
2024 · €308k
Debt > 1 year
€450k▼
2024 · €472k
Income taxes
€26k▲
2024 · €15k
Staff costs
€132k▲
2024 · €117k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 57 lines
Balance sheet
Code20242025
Assets
Total assets20/58€891k€745k▼
Fixed assets21/28€695k€656k▼
Intangible fixed assets21-€4k
Tangible fixed assets22/27€694k€651k▼
Land and buildings22€648k€616k▼
Plant, machinery and equipment23€1k€264▼
Furniture and vehicles24€27k€30k▲
Leasing and similar rights25€18k€6k▼
Financial fixed assets28€240€240=
Current assets29/58€197k€89k▼
Stocks and contracts in progress3€38k€36k▼
Stocks30/36€38k€36k▼
Amounts receivable within one year40/41€19k€2k▼
Trade receivables40€19k€2k▼
Other amounts receivable41-€54
Cash at bank and in hand54/58€120k€51k▼
Deferred charges and accrued income490/1€20k€898▼
Equity and liabilities
Total equity and liabilities10/49€891k€745k▼
Equity10/15€110k€125k▲
Contributions10/11€5k€5k=
Reserves13€105k€46k▼
Distributable reserves133€105k€46k▼
Profit (loss) carried forward14€424€75k▲
Amounts payable17/49€781k€620k▼
Amounts payable after more than one year17€472k€450k▼
Financial debts170/4€472k€450k▼
Amounts payable within one year42/48€308k€170k▼
Current portion of amounts payable after more than one year42€57k€86k▲
Trade debts44€25k€8k▼
Suppliers440/4€25k€8k▼
Advances received on contracts in progress46€57k-
Taxes, remuneration and social security45€48k€42k▼
Taxes450/3€24k€22k▼
Remuneration and social security454/9€25k€20k▼
Other amounts payable47/48€120k€33k▼
Accrued charges and deferred income492/3€1k-
Income statement
Code20242025
Remuneration, social security and pensions62€117k€132k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€51k€48k▼
Other operating charges640/8€3k€9k▲
Non-recurring operating charges66A€100-
Gross operating margin9900€251k€302k▲
Operating profit (loss)9901€81k€113k▲
Financial income75/76B€2€438▲
Recurring financial income75€2€438▲
Financial charges65/66B€21k€13k▼
Recurring financial charges65€21k€13k▼
Profit (loss) for the period before taxes9903€60k€101k▲
Income taxes67/77€15k€26k▲
Profit (loss) for the period9904€45k€74k▲
Profit (loss) for the period to be appropriated9905€45k€74k▲
Appropriation of the result
Profit (loss) to be appropriated9906€46k€75k▲
Profit (loss) brought forward from the previous period14P€466€424▼
Transfer from equity791/2-€60k
Transfer to equity691/2€46k-
To other reserves6921€46k-
Profit to be distributed694/7-€60k
Return on contributions (dividend)694-€60k
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €21 | €6k | - | - | - |
| Remuneration, social security and pensions62 | - | €71k | €112k | €117k | €132k | ▲ 13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €18k | €47k | €51k | €48k | ▼ 4.5% |
| Other operating charges640/8 | - | €2k | €3k | €3k | €9k | ▲ 190% |
| Non-recurring operating charges66A | - | €752 | - | €100 | - | - |
| Gross operating margin9900 | €38k | €109k | €234k | €251k | €302k | ▲ 20.4% |
| Operating profit (loss)9901 | €12k | €18k | €73k | €81k | €113k | ▲ 40.0% |
| Financial income75/76B | - | €4 | €10 | €2 | €438 | ▲ 24,784% |
| Recurring financial income75 | - | €4 | €10 | €2 | €438 | ▲ 24,784% |
| Financial charges65/66B | - | €12k | €19k | €21k | €13k | ▼ 37.7% |
| Recurring financial charges65 | €10k | €12k | €19k | €21k | €13k | ▼ 37.7% |
| Non-recurring financial charges66B | - | €262 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €1k | €6k | €53k | €60k | €101k | ▲ 67.5% |
| Income taxes67/77 | - | €122 | €144 | €15k | €26k | ▲ 79.7% |
| Profit (loss) for the period9904 | €1k | €6k | €53k | €45k | €74k | ▲ 63.6% |
| Profit (loss) for the period to be appropriated9905 | €1k | €6k | €53k | €45k | €74k | ▲ 63.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €655k | €842k | €1.17M | €891k | €745k | ▼ 16.4% |
| Fixed assets21/28 | €431k | €709k | €700k | €695k | €656k | ▼ 5.6% |
| Intangible fixed assets21 | - | - | - | - | €4k | - |
| Tangible fixed assets22/27 | €431k | €709k | €700k | €694k | €651k | ▼ 6.2% |
| Land and buildings22 | - | €654k | €656k | €648k | €616k | ▼ 5.0% |
| Plant, machinery and equipment23 | - | €5k | €3k | €1k | €264 | ▼ 81.5% |
| Furniture and vehicles24 | - | €7k | €11k | €27k | €30k | ▲ 9.5% |
| Leasing and similar rights25 | - | €43k | €30k | €18k | €6k | ▼ 67.2% |
| Financial fixed assets28 | €240 | €240 | €240 | €240 | €240 | = |
| Current assets29/58 | €224k | €133k | €472k | €197k | €89k | ▼ 54.5% |
| Stocks and contracts in progress3 | €30k | €30k | €41k | €38k | €36k | ▼ 4.9% |
| Stocks30/36 | - | €30k | €41k | €38k | €36k | ▼ 4.9% |
| Amounts receivable within one year40/41 | €60k | €69k | €342k | €19k | €2k | ▼ 88.7% |
| Trade receivables40 | - | €52k | €342k | €19k | €2k | ▼ 89.0% |
| Other amounts receivable41 | - | €17k | €260 | - | €54 | - |
| Cash at bank and in hand54/58 | €134k | €29k | €83k | €120k | €51k | ▼ 57.9% |
| Deferred charges and accrued income490/1 | - | €5k | €6k | €20k | €898 | ▼ 95.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €655k | €842k | €1.17M | €891k | €745k | ▼ 16.4% |
| Equity10/15 | €6k | €12k | €65k | €110k | €125k | ▲ 13.5% |
| Contributions10/11 | - | €5k | €5k | €5k | €5k | = |
| Reserves13 | - | - | €60k | €105k | €46k | ▼ 56.7% |
| Distributable reserves133 | - | - | €60k | €105k | €46k | ▼ 56.7% |
| Profit (loss) carried forward14 | €1k | €7k | €466 | €424 | €75k | ▲ 17,550% |
| Amounts payable17/49 | €649k | €830k | €1.11M | €781k | €620k | ▼ 20.6% |
| Amounts payable after more than one year17 | €556k | €554k | €512k | €472k | €450k | ▼ 4.5% |
| Financial debts170/4 | - | €554k | €512k | €472k | €450k | ▼ 4.5% |
| Amounts payable within one year42/48 | €93k | €276k | €593k | €308k | €170k | ▼ 45.0% |
| Current portion of amounts payable after more than one year42 | - | €50k | €56k | €57k | €86k | ▲ 50.0% |
| Trade debts44 | €31k | €58k | €352k | €25k | €8k | ▼ 67.9% |
| Suppliers440/4 | - | €58k | €352k | €25k | €8k | ▼ 67.9% |
| Advances received on contracts in progress46 | - | €29k | €42k | €57k | - | - |
| Taxes, remuneration and social security45 | - | €25k | €27k | €48k | €42k | ▼ 13.3% |
| Taxes450/3 | - | €7k | €10k | €24k | €22k | ▼ 7.8% |
| Remuneration and social security454/9 | - | €18k | €17k | €25k | €20k | ▼ 18.6% |
| Other amounts payable47/48 | - | €113k | €116k | €120k | €33k | ▼ 72.2% |
| Accrued charges and deferred income492/3 | - | €295 | €944 | €1k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1k | €6k | €53k | €45k | €74k | ▲ 63.6% |
| + Depreciation and write-downs630 | €8k | €18k | €47k | €51k | €48k | ▼ 4.5% |
| Operating cash flow (approximation) | €9k | €23k | €100k | €96k | €123k | ▲ 27.7% |
| Investment in fixed assets (approximation) | - | €-296k | €-38k | €-45k | €-9k | ▲ 79.2% |
| Change in cash | - | €-105k | €54k | €37k | €-69k | ▼ 287% |
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
23-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 23 days late
2025
30-06
Financial
Highest result since 2020net €74k ▲63.6%
Operating result €113k, net result €74k, both a record.
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
30-06
Financial
Equity above €100kEq €110k ▲70%
5 profitable years in a row build equity to €110k.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 13 days late
2022
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
10-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Walcourt · 1 establishment unit since 2019
Ground area
1,464 m²
Building footprint
314 m²
Volume, LiDAR
1,144 m³
2 parcels, Wallonia · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CELESTE
since 20192.295.809.262
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93078D0091/00X000 | Wallonia | 743 m² | 1 · 132 m² | - |
| 56058D0262/00P000 | Wallonia | 721 m² | 1 · 182 m² | 10.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 siteHam-sur-Heure-Nalinnes2.295.809.262
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Of 6,709 companies in sector 96230 we hold annual accounts for 627. 430 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
Founded24-10-2019
Fiscal year end30-06
Trade name FR
CELESTE
Activities, NACEBEL 2025
96220Beauty care and other beauty treatments
96230Day spas, saunas and steam baths
47750Retail sale of cosmetics and toilet articles
55209Other holiday and short-stay accommodation
Scores and ratios are computed by Checked and are not a credit decision.