M.V.I.
ActiveSummary
M.V.I. has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €5.23M and a net result of €715k. Equity is growing by ~18.8% per year across the filed fiscal years. Its solvency ranks better than 22% of 991 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability71▼-2
Solvency40▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €320k at 30 days acceptable
Liquidity short (current ratio 0.37 against 0.67 in 2023; short-term debt: 8.5% and cash: 1.7% of total assets), and 85.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 77
Relative position
BE, all sectors
reference
Sector 77
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
14.5%
Return on assets
2%
Age of the figures
21 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 991 sector peers (2024).
NBB · sector comparisonPosition among 991 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-08-2025, 20 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
20 d late
2023
29 d late
2022
25 d late
2021
45 d early
2020
37 d early
2019
18 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€5.23M▲ 15.8%
2023 · €4.51M
2018: €2.64M
2019: €2.19M
2020: €2.53M
2021: €3.00M
2022: €3.63M
2023: €4.51M
2018 → 2024
Total assets
€35.97M▲ 27.1%
2023 · €28.30M
2018: €5.04M
2019: €10.97M
2020: €17.53M
2021: €19.06M
2022: €23.12M
2023: €28.30M
2018 → 2024
Net result
€715k▼ 18.9%
2023 · €881k
2018: €85k
2019: €-446k
2020: €332k
2021: €474k
2022: €631k
2023: €881k
2018 → 2024
Working capital
€-1.91M▼ 178%
2023 · €-688k
2018: €2.15M
2019: €551k
2020: €113k
2021: €359k
2022: €-297k
2023: €-688k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€2.53M-€3.00M▲ 18.8%€3.63M▲ 21.0%€4.51M▲ 24.3%€5.23M▲ 15.8%
Operating result€253k-€462k▲ 82.6%€767k▲ 66.0%€1.38M▲ 79.9%€1.20M▼ 13.0%
Net result€332k-€474k▲ 42.7%€631k▲ 33.1%€881k▲ 39.7%€715k▼ 18.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 13% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €35.97M
Fixed assets
€34.83M ▲ 29.5%
Current assets
€1.14M ▼ 18.8%
Equity and liabilities €35.97M
Equity
€5.23M ▲ 15.8%
Debt
€30.75M ▲ 29.3%
Debt's share of the balance-sheet total rises from 84.1% to 85.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2.79M▲
2023 · €2.74M
Cash flow
€2.31M▲
2023 · €2.24M
Current ratio
0.37▼
2023 · 0.67
Debt to equity
5.88▲
2023 · 5.27
ROE
13.7%▼
2023 · 19.5%
ROA
2.0%▼
2023 · 3.1%
Interest coverage
11.31▼
2023 · 13.41
Debt ≤ 1 year
€3.05M▲
2023 · €2.09M
Debt > 1 year
€27.70M▲
2023 · €21.66M
Income taxes
€239k▼
2023 · €297k
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 · 2024 against 2023 · 53 lines
Balance sheet
Code20232024
Assets
Total assets20/58€28.30M€35.97M▲
Fixed assets21/28€26.90M€34.83M▲
Tangible fixed assets22/27€26.90M€34.83M▲
Land and buildings22€24.70M€33.14M▲
Furniture and vehicles24€251k€190k▼
Leasing and similar rights25€1.63M€1.15M▼
Other tangible fixed assets26€318k€351k▲
Current assets29/58€1.41M€1.14M▼
Amounts receivable within one year40/41€468k€547k▲
Trade receivables40€460k€513k▲
Other amounts receivable41€8k€34k▲
Cash at bank and in hand54/58€938k€594k▼
Equity and liabilities
Total equity and liabilities10/49€28.30M€35.97M▲
Equity10/15€4.51M€5.23M▲
Contributions10/11€3.34M€3.34M=
Capital10€3.34M€3.34M=
Issued capital100€3.34M€3.34M=
Reserves13-€1.84M
Non-distributable reserves130/1-€36k
Legal reserve130-€36k
Distributable reserves133-€1.80M
Profit (loss) carried forward14€1.17M€50k▼
Amounts payable17/49€23.79M€30.75M▲
Amounts payable after more than one year17€21.66M€27.70M▲
Financial debts170/4€7.16M€10.35M▲
Other amounts payable178/9€14.50M€17.35M▲
Amounts payable within one year42/48€2.09M€3.05M▲
Current portion of amounts payable after more than one year42-€1.69M
Financial debts43€1.94M-
Credit institutions430/8€1.94M-
Trade debts44€52k€1.36M▲
Suppliers440/4€52k€1.36M▲
Taxes, remuneration and social security45€105k-
Taxes450/3€105k-
Accrued charges and deferred income492/3€37k-
Income statement
Code20232024
Non-recurring operating income76A€131k€32k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.36M€1.59M▲
Other operating charges640/8€25k€28k▲
Gross operating margin9900€2.77M€2.82M▲
Operating profit (loss)9901€1.38M€1.20M▼
Financial income75/76B€2k-
Recurring financial income75€2k-
Financial charges65/66B€204k€247k▲
Recurring financial charges65€204k€247k▲
Profit (loss) for the period before taxes9903€1.18M€953k▼
Income taxes67/77€297k€239k▼
Profit (loss) for the period9904€881k€715k▼
Profit (loss) for the period to be appropriated9905€881k€715k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.17M€1.89M▲
Profit (loss) brought forward from the previous period14P€291k€1.17M▲
Transfer to equity691/2-€1.84M
To the legal reserve6920-€36k
To other reserves6921-€1.80M
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 20 days late
2024
31-12
Financial
Equity above €5MEq €5.23M ▲15.8%
5 profitable years in a row build equity to €5.23M.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial
Highest result since 2018net €881k ▲39.7%
Operating result €1.38M, net result €881k, both a record.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 25 days late
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €332k
Net result €332k after one loss-making year.
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €-446k ▼623%
Net result drops to €-446k, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
2016
18-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Evergem · 1 establishment unit since 2014
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.
Monumentstraat 139940 EvergemGround area
8,781 m²
Building footprint
189 m²
Volume, LiDAR
1,013 m³
Parcel 43006A0349/00V000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
M.V.I.
since 20142.231.368.501
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43006A0349/00V000 | Flanders | 8,781 m² | 1 · 189 m² | 8.5 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.
Similar companies · same sector, comparable size
Transdeco
BE 0405.222.844
Tielt · Eq €4.93M
Tailormade Rental
BE 0478.951.950
Gent · Eq €4.83M
TRANSMYL
BE 0431.525.482
Mouscron · Eq €5.81M
LOET
BE 0865.097.171
Maasmechelen · Eq €6.83M
SCHMITZ CARGOBULL BELGIUM
BE 0875.612.466
Sint-Martens-Latem · Eq €3.95M
Of 361 companies in sector 77120 we hold annual accounts for 233. 81 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded26-05-2014
Fiscal year end31-12
Activities, NACEBEL 2025
77120Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.