M.V.R.
ActiveM.V.R. has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €138k and a net result of €3k. Equity is shrinking by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 28% of 1029 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability51▼-21
Solvency53▼-5
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 7.54 against 6.35 in 2024; short-term debt: 10.5% and cash: 0.1% of total assets), but 71.9% 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
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 25
Relative position
BE, all sectors
reference
Sector 25
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
28.1%
Return on assets
0.5%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €138k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
31 d early
2023
36 d early
2022
48 d early
2021
26 d early
2020
10 d late
2019
21 d early
← 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
Equity
€138k▲ 1.9%
2024 · €135k
2018: €292k
2019: €263k
2020: €211k
2021: €224k
2022: €175k
2023: €110k
2024: €135k
2018 → 2025
Total assets
€490k▲ 18.9%
2024 · €412k
2018: €806k
2019: €972k
2020: €904k
2021: €782k
2022: €670k
2023: €464k
2024: €412k
2018 → 2025
Net result
€3k▼ 89.8%
2024 · €25k
2018: €68k
2019: €-29k
2020: €-2k
2021: €13k
2022: €-49k
2023: €26k
2024: €25k
2018 → 2025
Working capital
€336k▲ 46.4%
2024 · €230k
2018: €125k
2019: €45k
2020: €135k
2021: €-7k
2022: €203k
2023: €167k
2024: €230k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€224k-€175k▼ 22.0%€110k▼ 36.9%€135k▲ 22.7%€138k▲ 1.9%
Operating result€25k-€-38k€41k€41k▲ 0.5%€18k▼ 56.2%
Net result€13k-€-49k€26k€25k▼ 5.8%€3k▼ 89.8%
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 2025; 2025 is 56% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €490k
Fixed assets
€102k▼ 26.7%
Current assets
€388k▲ 42.2%
Equity and liabilities €490k
Equity
€138k▲ 1.9%
Debt
€352k▲ 27.3%
The debt ratio rises from 67.2% to 71.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€55k▼
2024 · €87k
Cash flow
€40k▼
2024 · €70k
Solvency
28.1%▼
2024 · 32.8%
Current ratio
7.54▲
2024 · 6.35
Quick ratio
7.54▲
2024 · 6.35
Debt / equity
2.56▲
2024 · 2.05
ROE
1.8%▼
2024 · 18.5%
ROA
0.5%▼
2024 · 6.1%
Interest coverage
3.75▼
2024 · 5.51
Debt
€352k▲
2024 · €277k
Debt ≤ 1 year
€51k▲
2024 · €43k
Debt > 1 year
€301k▲
2024 · €234k
Income taxes
€926▼
2024 · €1k
Staff costs
€6k▲
2024 · €-2k
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€412k€490k▲
Fixed assets21/28€139k€102k▼
Tangible fixed assets22/27€139k€102k▼
Land and buildings22€34k€34k▼
Plant, machinery and equipment23€105k€68k▼
Furniture and vehicles24€0-
Financial fixed assets28€25€25=
Current assets29/58€273k€388k▲
Stocks and contracts in progress3€0-
Stocks30/36€0-
Contracts in progress37€0-
Amounts receivable within one year40/41€270k€387k▲
Trade receivables40€235k€387k▲
Other amounts receivable41€35k€0▼
Cash at bank and in hand54/58€3k€309▼
Equity and liabilities
Total equity and liabilities10/49€412k€490k▲
Equity10/15€135k€138k▲
Contributions10/11€19k€19k=
Reserves13€117k€119k▲
Distributable reserves133€117k€119k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€277k€352k▲
Amounts payable after more than one year17€234k€301k▲
Financial debts170/4€204k€175k▼
Other amounts payable178/9€30k€126k▲
Amounts payable within one year42/48€43k€51k▲
Current portion of amounts payable after more than one year42€38k€29k▼
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€1k€20k▲
Taxes450/3€1k€20k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€2k€0▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€-2k€6k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45k€37k▼
Other operating charges640/8€3k€3k▲
Non-recurring operating charges66A€12k€0▼
Gross operating margin9900€100k€64k▼
Operating profit (loss)9901€41k€18k▼
Financial income75/76B€616€124▼
Recurring financial income75€616€124▼
Financial charges65/66B€16k€15k▼
Recurring financial charges65€16k€15k▼
Profit (loss) for the period before taxes9903€26k€3k▼
Income taxes67/77€1k€926▼
Profit (loss) for the period9904€25k€3k▼
Profit (loss) for the period to be appropriated9905€25k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€25k€3k▼
Transfer from equity791/2€0-
Transfer to equity691/2€25k€3k▼
To other reserves6921€25k€3k▼
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (17 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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity doublescurrent ratio 6.35
Current ratio from 2.94 to 6.35; short-term debt falls from €86k to €43k.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €26k
Net result €26k after one loss-making year.
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-49k ▼482%
Net result drops to €-49k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 2.21
Current ratio from 0.98 to 2.21; short-term debt falls from €373k to €167k.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €13k
Net result €13k after 2 loss-making years.
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 10 days late
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 9 days late
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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, Hamont-Achel · 1 establishment unit since 1998
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.
Bedrijfsstraat 43930 Hamont-AchelGround area
7,447 m²
Building footprint
3,123 m²
Volume, LiDAR
18,540 m³
2 parcels, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Ondernemersstraat 13, 3930 Hamont-Achel
since 19982.046.144.130
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72012D0375/00R000 | Flanders | 4,902 m² | 1 · 1,674 m² | 9.1 m · 2 fl. |
| 72012D0383/00H000 | Flanders | 2,545 m² | 1 · 1,449 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
2023 · 1 entry · 210 EUR awarded · 210 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 210 EUR | 210 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Peer · Eq €138k
Of 3,463 companies in sector 25530 we hold annual accounts for 1,658. 1,311 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-11-1989
Fiscal year end31-12
Activities, NACEBEL
25530Machining of metals
28520
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.