M.V.G.
ActiveM.V.G. has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €458k and a net result of €26k. Equity is growing by ~60.4% per year across the filed fiscal years. Its solvency ranks better than 81% of 3657 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▼-20
Solvency89=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 2.35 against 2.24 in 2024; short-term debt: 33.2% and cash: 46% of total assets), and 36.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
Sector 56
higher
← 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
63.9%
Return on assets
3.6%
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 31-08-2026, 31 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
31 d late
2024
22 d late
2023
30 d late
2022
30 d late
2021
103 d late
2020
72 d late
2019
68 d late
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€26k▼ 79.9%
2024 · €129k
2018: €-42k
2019: €19k
2020: €128k
2021: €112k
2022: €84k
2023: €155k
2024: €129k
2018 → 2025
Working capital
€321k▲ 9.4%
2024 · €294k
2018: €-133k
2019: €-109k
2020: €-36k
2021: €63k
2022: €90k
2023: €198k
2024: €294k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€104k-€188k▲ 80.3%€313k▲ 66.2%€432k▲ 38.0%€458k▲ 6.0%
Operating result€145k-€117k▼ 19.5%€211k▲ 80.8%€191k▼ 9.5%€46k▼ 76.1%
Net result€112k-€84k▼ 25.2%€155k▲ 84.6%€129k▼ 16.7%€26k▼ 79.9%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 76% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €716k
Fixed assets
€157k▲ 9.8%
Current assets
€559k▲ 5.3%
Equity and liabilities €716k
Equity
€458k▲ 6.0%
Debt
€258k▲ 6.8%
The debt ratio rises from 35.9% to 36.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€81k▼
2024 · €217k
Cash flow
€61k▼
2024 · €154k
Solvency
63.9%▼
2024 · 64.1%
Current ratio
2.35▲
2024 · 2.24
Quick ratio
2.26▲
2024 · 2.20
Debt / equity
0.56▲
2024 · 0.56
ROE
5.6%▼
2024 · 29.9%
ROA
3.6%▼
2024 · 19.1%
Interest coverage
8.59▼
2024 · 24.69
Debt
€258k▲
2024 · €242k
Debt ≤ 1 year
€238k▲
2024 · €237k
Debt > 1 year
€20k▲
2024 · €5k
Income taxes
€11k▼
2024 · €55k
Staff costs
€424k▲
2024 · €343k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€674k€716k▲
Fixed assets21/28€143k€157k▲
Tangible fixed assets22/27€134k€148k▲
Plant, machinery and equipment23€127k€110k▼
Furniture and vehicles24€8k€38k▲
Financial fixed assets28€9k€9k=
Current assets29/58€531k€559k▲
Stocks and contracts in progress3€10k€21k▲
Stocks30/36€10k€21k▲
Amounts receivable within one year40/41€147k€201k▲
Trade receivables40€45k€71k▲
Other amounts receivable41€103k€130k▲
Cash at bank and in hand54/58€364k€329k▼
Deferred charges and accrued income490/1€9k€8k▼
Equity and liabilities
Total equity and liabilities10/49€674k€716k▲
Equity10/15€432k€458k▲
Contributions10/11€20k€20k=
Reserves13€119k€145k▲
Distributable reserves133€119k€145k▲
Profit (loss) carried forward14€292k€292k=
Amounts payable17/49€242k€258k▲
Amounts payable after more than one year17€5k€20k▲
Financial debts170/4€5k€20k▲
Amounts payable within one year42/48€237k€238k▲
Current portion of amounts payable after more than one year42€2k€10k▲
Financial debts43€60k€60k=
Credit institutions430/8€60k€60k=
Trade debts44€105k€94k▼
Suppliers440/4€105k€94k▼
Taxes, remuneration and social security45€59k€61k▲
Taxes450/3€18k€17k▼
Remuneration and social security454/9€41k€43k▲
Other amounts payable47/48€10k€13k▲
Accrued charges and deferred income492/3-€295
Income statement
Code20242025
Remuneration, social security and pensions62€343k€424k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€35k▲
Other operating charges640/8€9k€11k▲
Gross operating margin9900€569k€515k▼
Operating profit (loss)9901€191k€46k▼
Financial income75/76B€930€1▼
Recurring financial income75€930€1▼
Financial charges65/66B€9k€9k▲
Recurring financial charges65€9k€9k▲
Profit (loss) for the period before taxes9903€183k€36k▼
Income taxes67/77€55k€11k▼
Profit (loss) for the period9904€129k€26k▼
Profit (loss) for the period to be appropriated9905€129k€26k▼
Appropriation of the result
Profit (loss) to be appropriated9906€421k€318k▼
Profit (loss) brought forward from the previous period14P€292k€292k=
Transfer to equity691/2€119k€26k▼
To other reserves6921€119k€26k▼
Profit to be distributed694/7€10k-
Return on contributions (dividend)694€10k-
Social balance
Average headcount (FTE)908710.514.6▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 22 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial
Highest result since 2018net €155k ▲84.6%
Operating result €211k, net result €155k, both a record.
31-12
Financial
Equity above €200kEq €313k ▲66.2%
5 profitable years in a row build equity to €313k.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Equity above €150kEq €188k ▲80.3%
4 profitable years in a row build equity to €188k.
11-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 103 days late
2021
31-12
Financial
Equity above €100kEq €104k
3 profitable years in a row build equity to €104k.
11-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 72 days late
2020
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 68 days late
2019
31-12
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
22-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 144 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Boussu · 1 establishment unit since 1993
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de la Fontaine(H) 1637301 BoussuGround area
110 m²
Building footprint
73 m²
Volume, LiDAR
655 m³
Parcel 53041A0040/00S003, Wallonia · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
PIZZERIA DEL SOLE I
since 19932.061.130.630
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53041A0040/00S003 | Wallonia | 110 m² | 1 · 73 m² | 10.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 siteBoussu2.061.130.630
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CHEZ DAVID
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AMLAH
BE 0801.561.775
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ELYSEE
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BHM SUD
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,455. 6,549 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-02-1993
Fiscal year end31-12
Activities, NACEBEL
55301
55302
56101Full-service restaurants
56102Limited-service restaurants
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.