M & V Projects
ActiveSummary
M & V Projects has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.73M and a net result of €136k. Equity is growing by ~12.8% per year across the filed fiscal years. Its solvency ranks better than 70% of 918 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75=
Solvency86▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity ample (current ratio 2.24 against 1.93 in 2024; short-term debt: 14.7% and cash: 2% of total assets), and 38.9% 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
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 · 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 2025Solvency, return and age of the figures
Solvency
61.1%
Return on assets
4.8%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
3 d late
2023
49 d early
2022
88 d early
2021
25 d early
2020
46 d early
2019
7 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, abbreviated schema
Equity
€1.73M▲ 8.6%
2024 · €1.59M
2019: €878k
2020: €911k
2021: €1.01M
2022: €1.12M
2023: €1.44M
2024: €1.59M
2019 → 2025
Total assets
€2.83M▲ 1.0%
2024 · €2.80M
2019: €3.85M
2020: €3.55M
2021: €3.46M
2022: €3.21M
2023: €2.72M
2024: €2.80M
2019 → 2025
Net result
€136k▼ 6.7%
2024 · €146k
2019: €729
2020: €33k
2021: €103k
2022: €101k
2023: €329k
2024: €146k
2019 → 2025
Working capital
€514k▲ 36.4%
2024 · €377k
2019: €-1.37M
2020: €-1.39M
2021: €-131k
2022: €-106k
2023: €376k
2024: €377k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.01M-€1.12M▲ 10.0%€1.44M▲ 29.5%€1.59M▲ 10.1%€1.73M▲ 8.6%
Operating result€166k-€156k▼ 6.2%€458k▲ 195%€219k▼ 52.3%€195k▼ 10.7%
Net result€103k-€101k▼ 1.9%€329k▲ 225%€146k▼ 55.6%€136k▼ 6.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 11% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.83M
Fixed assets
€1.90M ▼ 5.9%
Current assets
€930k ▲ 18.9%
Equity and liabilities €2.83M
Equity
€1.73M ▲ 8.6%
Provisions
€92k ▼ 2.8%
Debt
€1.01M ▼ 9.4%
Debt's share of the balance-sheet total falls from 39.8% to 35.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€314k▲
2024 · €309k
Cash flow
€255k▲
2024 · €237k
Current ratio
2.24▲
2024 · 1.93
Debt to equity
0.58▼
2024 · 0.70
ROE
7.9%▼
2024 · 9.2%
ROA
4.8%▼
2024 · 5.2%
Interest coverage
11.42▲
2024 · 9.93
Debt ≤ 1 year
€415k▲
2024 · €405k
Debt > 1 year
€556k▼
2024 · €689k
Income taxes
€48k▼
2024 · €49k
Staff costs
€117k▼
2024 · €129k
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 · 58 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.80M€2.83M▲
Fixed assets21/28€2.02M€1.90M▼
Tangible fixed assets22/27€2.02M€1.90M▼
Land and buildings22€673k€1.41M▲
Other tangible fixed assets26€1.34M€490k▼
Current assets29/58€782k€930k▲
Amounts receivable within one year40/41€705k€844k▲
Trade receivables40€17k€147k▲
Other amounts receivable41€688k€697k▲
Cash at bank and in hand54/58€31k€56k▲
Deferred charges and accrued income490/1€46k€29k▼
Equity and liabilities
Total equity and liabilities10/49€2.80M€2.83M▲
Equity10/15€1.59M€1.73M▲
Contributions10/11€548k€548k=
Reserves13€1.04M€1.18M▲
Non-distributable reserves130/1€22k€22k=
Reserves not available under the articles1311€22k€22k=
Tax-exempt reserves132€433k€425k▼
Distributable reserves133€588k€732k▲
Provisions and deferred taxes16€95k€92k▼
Deferred taxes168€95k€92k▼
Amounts payable17/49€1.11M€1.01M▼
Amounts payable after more than one year17€689k€556k▼
Financial debts170/4€556k€424k▼
Other amounts payable178/9€133k€133k=
Amounts payable within one year42/48€405k€415k▲
Current portion of amounts payable after more than one year42€138k€113k▼
Trade debts44€45k€102k▲
Suppliers440/4€45k€102k▲
Taxes, remuneration and social security45€43k€55k▲
Taxes450/3€23k€35k▲
Remuneration and social security454/9€20k€21k▲
Other amounts payable47/48€179k€145k▼
Accrued charges and deferred income492/3€20k€37k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€129k€117k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€90k€119k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€57k€56k▼
Gross operating margin9900€494k€487k▼
Operating profit (loss)9901€219k€195k▼
Financial income75/76B€8k€14k▲
Recurring financial income75€8k€14k▲
Financial charges65/66B€31k€27k▼
Recurring financial charges65€31k€27k▼
Profit (loss) for the period before taxes9903€195k€181k▼
Transfer from deferred taxes780€229€3k▲
Transfer to deferred taxes680€0-
Income taxes67/77€49k€48k▼
Profit (loss) for the period9904€146k€136k▼
Transfer from tax-exempt reserves789€687€8k▲
Transfer to tax-exempt reserves689€0-
Profit (loss) for the period to be appropriated9905€147k€144k▼
Appropriation of the result
Profit (loss) to be appropriated9906€147k€144k▼
Transfer from equity791/2€0-
Transfer to equity691/2€147k€144k▼
To other reserves6921€147k€144k▼
Social balance
Average headcount (FTE)90873.03.0=
The notes to these accounts (18 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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
03-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 3 days late
2023
13-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Highest result since 2019net €329k ▲225%
Operating result €458k, net result €329k, both a record.
30-06
Financial
Liquidity triplescurrent ratio 2.09
Current ratio from 0.77 to 2.09; short-term debt falls from €460k to €345k.
2022
04-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
06-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Equity above €1MEq €1.01M ▲11.3%
3 profitable years in a row build equity to €1.01M.
2020
16-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
07-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 7 days late
2018
11-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 11 days late
2017
06-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
04-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
9 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, Harelbeke · 1 establishment unit since 1999
Ground area
1.5 ha
Building footprint
1,985 m²
Volume, LiDAR
11,217 m³
Parcel 34323D1592/00G002, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
M EN V PROJECTS
since 19992.092.579.317
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34323D1592/00G002 | Flanders | 1.5 ha | 1 · 1,985 m² | 7.6 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 138 EUR awarded · 138 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 138 EUR | 138 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
PARFIP LEASE
BE 0472.729.302
Ukkel · Eq €1.75M
Ahead-IT
BE 0867.369.149
Wetteren · Eq €1.94M
LiveRental
BE 0551.842.601
Zaventem · Eq €2.25M
Tilroy
BE 0648.822.409
Aartselaar · Eq €2.31M
GOSSELIN SUPPORT SERVICES
BE 0890.126.240
Antwerpen · Eq €2.40M
Of 174 companies in sector 77330 we hold annual accounts for 109. 53 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 formPrivate limited company
Founded15-07-1999
Fiscal year end30-06
Activities, NACEBEL 2025
77330Rental and leasing activities
81100Combined facilities support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.