M.V. CONCEPT
ActiveSummary
M.V. CONCEPT has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€73,017) and a net result of -€4,068. Equity is shrinking by ~74.8% per year across the filed fiscal years. Its solvency ranks better than 6% of 6545 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability16▲+16
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.63 against 0.69 in 2023; short-term debt: 141.9% and cash: 15.3% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-41.9%
Return on assets
-2.3%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year -€73,017
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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
not confirmed
2024
61 d late
2023
30 d late
2022
60 d late
2021
29 d late
2020
47 d early
2019
42 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 15 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
In the rankings
#7 oldest company in Lens, Wholesale and retail trade sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€4,068▲ 82.9%
2023 · -€23,738
Working capital
-€91,754▼ 27.9%
2023 · -€71,754
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€4,916€3,222-€46,389-€23,406▲ 49.5%-€2,948▲ 87.4%
Net result-€3,850below the sector's middle half€3,024within the sector's middle half-€47,004below the sector's middle half-€23,738below the sector's middle half▲ 49.5%-€4,068below the sector's middle half▲ 82.9%
Equity-€1,232below the sector's middle half€1,793below the sector's middle half-€45,211below the sector's middle half-€68,949below the sector's middle half▼ 52.5%-€73,017below the sector's middle half▼ 5.9%
Total assets€52,271below the sector's middle half▲ 866%€139,442below the sector's middle half▲ 167%€202,212below the sector's middle half▲ 45.0%€161,627below the sector's middle half▼ 20.1%€174,439below the sector's middle half▲ 7.9%
Debt€53,503▲ 1,814%€137,650▲ 157%€247,423▲ 79.7%€230,576▼ 6.8%€247,456▲ 7.3%
Working capital-€1,832below the sector's middle half-€1,616below the sector's middle half▲ 11.8%-€48,724below the sector's middle half▼ 2,915%-€71,754below the sector's middle half▼ 47.3%-€91,754below the sector's middle half▼ 27.9%
Solvency-2.4%below the sector's middle half▼ 50.7pp1.3%below the sector's middle half▲ 3.6pp-22.4%below the sector's middle half▼ 23.6pp-42.7%below the sector's middle half▼ 20.3pp-41.9%below the sector's middle half▲ 0.8pp
Current ratio0.97below the sector's middle half▼ 0.970.99below the sector's middle half▲ 0.020.80below the sector's middle half▼ 0.190.69below the sector's middle half▼ 0.110.63below the sector's middle half▼ 0.06
Return on assets (ROA)-7.4%below the sector's middle half▼ 37.4pp2.2%within the sector's middle half▲ 9.5pp-23.2%below the sector's middle half▼ 25.4pp-14.7%below the sector's middle half▲ 8.6pp-2.3%below the sector's middle half▲ 12.4pp
Staff (FTE)0.9below the sector's middle half1below the sector's middle half▲ 11.1%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2,948 in 2024 against €23,406 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €174,439
Fixed assets
€18,737 ▲ 568%
Current assets
€155,703 ▼ 2.0%
Equity and liabilities
Equity-€73,017
Debt€247,456
Equity is negative: debt (€247,456) exceeds the balance-sheet total (€174,439).
Key figures and ratios
EBITDA
-€1,786▲
2023 · -€22,563
Cash flow
-€2,906▲
2023 · -€22,894
Quick ratio
0.24▼
2023 · 0.25
Interest coverage
-1.59▲
2023 · -54.38
Debt ≤ 1 year
€247,456▲
2023 · €230,576
Staff costs
€39,214▲
2023 · €33,130
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,795 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
2.1%
went bankrupt
6.0%
stopped otherwise
90%
still going
A further 1.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 2,795 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €500 | €1,000 | - | - | - |
| Remuneration, social security and pensions62 | - | - | €2,607 | €33,130 | €39,214 | ▲ 18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €286 | €766 | €844 | €1,162 | ▲ 37.7% |
| Other operating charges640/8 | - | €1,602 | €3,906 | €3,018 | €1,676 | ▼ 44.5% |
| Gross operating margin9900 | -€4,668 | €5,109 | -€39,110 | €13,586 | €39,104 | ▲ 188% |
| Operating profit (loss)9901 | -€4,916 | €3,222 | -€46,389 | -€23,406 | -€2,948 | ▲ 87.4% |
| Financial income75/76B | - | €0 | €14 | €84 | €1 | ▼ 99.0% |
| Recurring financial income75 | €0 | €0 | €14 | €84 | €1 | ▼ 99.0% |
| Financial charges65/66B | - | €198 | €629 | €415 | €1,121 | ▲ 170% |
| Recurring financial charges65 | €87 | €198 | €629 | €415 | €1,121 | ▲ 170% |
| Profit (loss) for the period before taxes9903 | -€5,003 | €3,024 | -€47,004 | -€23,738 | -€4,068 | ▲ 82.9% |
| Income taxes67/77 | -€1,154 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€3,850 | €3,024 | -€47,004 | -€23,738 | -€4,068 | ▲ 82.9% |
| Profit (loss) for the period to be appropriated9905 | -€3,850 | €3,024 | -€47,004 | -€23,738 | -€4,068 | ▲ 82.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €52,271 | €139,442 | €202,212 | €161,627 | €174,439 | ▲ 7.9% |
| Fixed assets21/28 | €600 | €3,409 | €3,513 | €2,805 | €18,737 | ▲ 568% |
| Tangible fixed assets22/27 | - | €2,809 | €2,669 | €1,825 | €17,892 | ▲ 880% |
| Plant, machinery and equipment23 | - | €1,587 | €1,454 | €1,048 | €1,003 | ▼ 4.3% |
| Furniture and vehicles24 | - | €1,222 | €1,215 | €777 | €341 | ▼ 56.2% |
| Other tangible fixed assets26 | - | - | - | - | €16,548 | - |
| Financial fixed assets28 | €600 | €600 | €844 | €979 | €844 | ▼ 13.8% |
| Current assets29/58 | €51,671 | €136,034 | €198,699 | €158,823 | €155,703 | ▼ 2.0% |
| Stocks and contracts in progress3 | €38,591 | €101,145 | €128,038 | €102,010 | €97,102 | ▼ 4.8% |
| Stocks30/36 | - | €101,145 | €128,038 | €102,010 | €97,102 | ▼ 4.8% |
| Amounts receivable within one year40/41 | €5,935 | €27,704 | €33,036 | €35,677 | €26,777 | ▼ 24.9% |
| Trade receivables40 | - | €27,704 | €33,036 | €34,487 | €24,153 | ▼ 30.0% |
| Other amounts receivable41 | - | - | - | €1,189 | €2,624 | ▲ 121% |
| Cash at bank and in hand54/58 | €6,774 | €6,803 | €37,022 | €20,884 | €26,769 | ▲ 28.2% |
| Deferred charges and accrued income490/1 | - | €381 | €604 | €252 | €5,055 | ▲ 1,904% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €52,271 | €139,442 | €202,212 | €161,627 | €174,439 | ▲ 7.9% |
| Equity10/15 | -€1,232 | €1,793 | -€45,211 | -€68,949 | -€73,017 | ▼ 5.9% |
| Contributions10/11 | - | €6,201 | €6,201 | €6,201 | €6,201 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€9,292 | -€6,268 | -€53,272 | -€77,010 | -€81,078 | ▼ 5.3% |
| Amounts payable17/49 | €53,503 | €137,650 | €247,423 | €230,576 | €247,456 | ▲ 7.3% |
| Amounts payable within one year42/48 | €53,503 | €137,650 | €247,423 | €230,576 | €247,456 | ▲ 7.3% |
| Trade debts44 | €6,203 | €4,992 | €29,185 | €44,484 | €44,411 | ▼ 0.2% |
| Suppliers440/4 | - | €4,992 | €29,185 | €44,484 | €44,411 | ▼ 0.2% |
| Advances received on contracts in progress46 | - | - | - | - | €12,000 | - |
| Taxes, remuneration and social security45 | - | €357 | €34,130 | €12,124 | €6,318 | ▼ 47.9% |
| Taxes450/3 | - | €357 | €32,178 | €6,357 | €1,530 | ▼ 75.9% |
| Remuneration and social security454/9 | - | - | €1,953 | €5,767 | €4,788 | ▼ 17.0% |
| Other amounts payable47/48 | - | €132,300 | €184,108 | €173,968 | €184,727 | ▲ 6.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,850 | €3,024 | -€47,004 | -€23,738 | -€4,068 | ▲ 82.9% |
| + Depreciation and write-downs630 | - | €286 | €766 | €844 | €1,162 | ▲ 37.7% |
| Operating cash flow (approximation) | -€3,850 | €3,310 | -€46,238 | -€22,894 | -€2,906 | ▲ 87.3% |
| Investment in fixed assets (approximation) | - | -€3,095 | -€871 | -€135 | -€17,094 | ▼ 12,562% |
| Change in cash | - | €30 | €30,219 | -€16,138 | €5,885 | ▲ 136% |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 61 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 60 days late
2022
31-12
Financial
Weakest financial yearnet -€47,004
Net result drops to -€47,004, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2021
31-12
Financial
Back to profitnet €3,024
Net result €3,024 after one loss-making year.
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
19-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2015
28-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Lens (Hainaut) · 1 establishment unit since 2020
Ground area
1,702 m²
Building footprint
691 m²
Volume, LiDAR
4,218 m³
2 parcels, Wallonia · tallest building 8.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue Arbrisseau(B) 8b, 7870 Lens (Hainaut)
since 20202.299.530.597
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53010A0136/00N000 | Wallonia | 1,079 m² | 1 · 68 m² | 8.9 m · 3 fl. |
| 53010B0252/00E000 | Wallonia | 623 m² | 1 · 623 m² | 7.4 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.
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Company details
Identification
Legal formPrivate limited company
Founded07-01-2003
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
74111Design of textile patterns, clothing, jewellery, furniture and decorative items
47812Retail trade
95319Other maintenance and repair of motor vehicles
46713Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0479212266
Also
9925:BE0479212266
Registered
18-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.