M.V.G. Tech
ActiveM.V.G. Tech has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €35k and a net result of €1k. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 94% of 481 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
86
/ 100
Excellent▼ -14 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability20▼-80
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 9.68 against 3.88 in 2023), and 10.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 33
Relative position
BE, all sectors
reference
Sector 33
higher
← fewer bankruptcies
more bankruptcies →
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
89.1%
Return on assets
3.5%
Age of the figures
20 mo
lowers risk · Growing equity
Equity grew over 2022-2024. Profits are largely retained rather than distributed.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €35k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-08-2025, 5 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
5 d late
2023
23 d early
2022
25 d early
2021
25 d late
2020
26 d late
2019
49 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€35k▲ 4.1%
2023 · €33k
2018: €30k
2019: €35k
2020: €28k
2021: €25k
2022: €25k
2023: €33k
2018 → 2024
Total assets
€39k▼ 12.3%
2023 · €45k
2018: €71k
2019: €77k
2020: €63k
2021: €51k
2022: €44k
2023: €45k
2018 → 2024
Net result
€1k▼ 82.9%
2023 · €8k
2018: €-210
2019: €5k
2020: €-7k
2021: €-3k
2022: €422
2023: €8k
2018 → 2024
Working capital
€34k▲ 5.7%
2023 · €32k
2018: €26k
2019: €30k
2020: €25k
2021: €22k
2022: €22k
2023: €32k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€28k-€25k▼ 11.9%€25k▲ 1.7%€33k▲ 31.6%€35k▲ 4.1%
Operating result€-6k-€-3k▲ 54.3%€703€8k▲ 1,074%€2k▼ 81.2%
Net result€-7k-€-3k▲ 50.2%€422€8k▲ 1,799%€1k▼ 82.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 81% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €39k
Fixed assets
€1k▼ 7.4%
Current assets
€38k▼ 12.5%
Equity and liabilities €39k
Equity
€35k▲ 4.1%
Debt
€4k▼ 61.8%
The debt ratio falls from 25.0% to 10.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€2k▼
2023 · €10k
Cash flow
€2k▼
2023 · €10k
Solvency
89.1%▲
2023 · 75.0%
Current ratio
9.68▲
2023 · 3.88
Quick ratio
9.68▲
2023 · 3.88
Debt / equity
0.12▼
2023 · 0.33
ROE
4.0%▼
2023 · 24.0%
ROA
3.5%▼
2023 · 18.0%
Interest coverage
11.53▼
2023 · 43.20
Debt
€4k▼
2023 · €11k
Debt ≤ 1 year
€4k▼
2023 · €11k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€45k€39k▼
Fixed assets21/28€1k€1k▼
Tangible fixed assets22/27€1k€1k▼
Plant, machinery and equipment23€55€335▲
Furniture and vehicles24€1k€991▼
Current assets29/58€43k€38k▼
Amounts receivable within one year40/41€19k€17k▼
Trade receivables40€19k€15k▼
Other amounts receivable41-€2k
Cash at bank and in hand54/58€22k€18k▼
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€45k€39k▼
Equity10/15€33k€35k▲
Contributions10/11€19k€19k=
Reserves13€560€560=
Non-distributable reserves130/1€560€0▼
Reserves not available under the articles1311€560€0▼
Distributable reserves133-€560
Profit (loss) carried forward14€14k€16k▲
Amounts payable17/49€11k€4k▼
Amounts payable within one year42/48€11k€4k▼
Current portion of amounts payable after more than one year42€0-
Trade debts44€180€622▲
Suppliers440/4€180€622▲
Taxes, remuneration and social security45€3k€3k▲
Taxes450/3€3k€3k▲
Other amounts payable47/48€8k€0▼
Accrued charges and deferred income492/3-€350
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€520▼
Other operating charges640/8€666€686▲
Gross operating margin9900€10k€3k▼
Operating profit (loss)9901€8k€2k▼
Financial income75/76B€0€1▲
Recurring financial income75€0€1▲
Financial charges65/66B€226€180▼
Recurring financial charges65€226€180▼
Profit (loss) for the period before taxes9903€8k€1k▼
Profit (loss) for the period9904€8k€1k▼
Profit (loss) for the period to be appropriated9905€8k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€14k€16k▲
Profit (loss) brought forward from the previous period14P€6k€14k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
05-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 5 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 9.68
Current ratio from 3.88 to 9.68; short-term debt falls from €11k to €4k.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €8k ▲1799%
Operating result €8k, net result €8k, both a record.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €422
Net result €422 after 2 loss-making years.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 25 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
2020
31-12
Financial
Weakest financial yearnet €-7k ▼223%
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 49 days late
2019
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Retie · 1 establishment unit since 2015
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.
Geenend 332470 RetieGround area
892 m²
Building footprint
157 m²
Volume, LiDAR
773 m³
Parcel 13036F0340/00G000, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
M.V.G. Tech
since 20152.244.074.412
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13036F0340/00G000 | Flanders | 892 m² | 1 · 157 m² | 7.5 m · 2 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.
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BODAMA
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Of 3,705 companies in sector 33120 we hold annual accounts for 1,334. 966 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-07-2015
Fiscal year end31-12
Activities, NACEBEL
33120Repair and maintenance of machinery
33190Repair, maintenance and installation of machinery and equipment
46431Wholesale of electrical household appliances and audio-video equipment
46643Wholesale of electrical equipment, including installation materials
49320Non-scheduled passenger transport by road
49390Land transport and transport via pipelines
90021Arts creation and performing arts activities
90391Promotion and organisation of arts and performing arts events
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.