M-VIDA
ActiveSummary
M-VIDA has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €225k and a net result of €-60k. Equity is growing by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 43% of 9715 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability17▼-35
Solvency50▼-9
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity short (current ratio 0.61 against 0.82 in 2023; short-term debt: 40.1% and cash: 0.6% of total assets), and 75.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
24.6%
Return on assets
-6.5%
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-06-2025, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
57 d early
2023
34 d early
2022
31 d late
2021
45 d early
2020
37 d early
2019
73 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€225k▼ 21.0%
2023 · €285k
Total assets
€916k▲ 8.7%
2023 · €842k
Net result
€-60k
2023 · €79k
Working capital
€-144k▼ 114%
2023 · €-67k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€19k€13k▼ 31.0%€9k▼ 33.2%€9k▲ 6.9%€-41k
Net result€22k€1k▼ 94.2%€2k▲ 30.9%€79k▲ 4,725%€-60k
Equity€203k▲ 11.9%€205k▲ 0.6%€206k▲ 0.8%€285k▲ 38.3%€225k▼ 21.0%
Total assets€820k▼ 7.3%€790k▼ 3.6%€699k▼ 11.5%€842k▲ 20.5%€916k▲ 8.7%
Debt€617k▼ 12.2%€585k▼ 5.0%€493k▼ 15.8%€557k▲ 13.0%€690k▲ 24.0%
Working capital€-140k▲ 11.4%€-150k▼ 6.9%€-141k▲ 5.8%€-67k▲ 52.3%€-144k▼ 114%
Staff (FTE)00
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 turns negative in 2024: a loss of €41k after €9k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €916k
Fixed assets
€692k ▲ 30.2%
Current assets
€223k ▼ 28.1%
Equity and liabilities €916k
Equity
€225k ▼ 21.0%
Debt
€690k ▲ 24.0%
Debt's share of the balance-sheet total rises from 66.1% to 75.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€28k▼
2023 · €50k
Cash flow
€9k▼
2023 · €120k
Current ratio
0.61▼
2023 · 0.82
Debt to equity
3.06▲
2023 · 1.95
ROE
-26.5%▼
2023 · 27.7%
ROA
-6.5%▼
2023 · 9.4%
Interest coverage
0.82▼
2023 · 2.64
Debt ≤ 1 year
€367k▼
2023 · €378k
Debt > 1 year
€320k▲
2023 · €179k
Income taxes
€230▼
2023 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39k | €44k | €40k | €41k | €69k | ▲ 69.5% |
| Other operating charges640/8 | - | €1k | €692 | €3k | €3k | ▲ 16.0% |
| Gross operating margin9900 | €59k | €59k | €49k | €53k | €31k | ▼ 40.9% |
| Operating profit (loss)9901 | €19k | €13k | €9k | €9k | €-41k | ▼ 535% |
| Financial income75/76B | - | €3k | €11k | €99k | €15k | ▼ 84.5% |
| Recurring financial income75 | €18k | €3k | €11k | €99k | €15k | ▼ 84.5% |
| Financial charges65/66B | - | €13k | €17k | €19k | €34k | ▲ 80.8% |
| Recurring financial charges65 | €15k | €13k | €17k | €19k | €34k | ▲ 80.8% |
| Profit (loss) for the period before taxes9903 | €22k | €2k | €3k | €90k | €-60k | ▼ 166% |
| Income taxes67/77 | €359 | €1k | €1k | €11k | €230 | ▼ 97.8% |
| Profit (loss) for the period9904 | €22k | €1k | €2k | €79k | €-60k | ▼ 176% |
| Profit (loss) for the period to be appropriated9905 | €22k | €1k | €2k | €79k | €-60k | ▼ 176% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €820k | €790k | €699k | €842k | €916k | ▲ 8.7% |
| Fixed assets21/28 | €656k | €623k | €572k | €532k | €692k | ▲ 30.2% |
| Tangible fixed assets22/27 | €426k | €393k | €342k | €301k | €462k | ▲ 53.4% |
| Land and buildings22 | - | €370k | €334k | €297k | €459k | ▲ 54.8% |
| Furniture and vehicles24 | - | €22k | €8k | €4k | €3k | ▼ 39.3% |
| Financial fixed assets28 | €230k | €230k | €230k | €230k | €230k | = |
| Current assets29/58 | €164k | €167k | €127k | €310k | €223k | ▼ 28.1% |
| Amounts receivable within one year40/41 | €113k | €147k | €109k | €292k | €210k | ▼ 28.0% |
| Trade receivables40 | - | €350 | €8k | €6k | €6k | ▼ 8.9% |
| Other amounts receivable41 | - | €146k | €101k | €286k | €205k | ▼ 28.4% |
| Cash at bank and in hand54/58 | €51k | €20k | €18k | €9k | €5k | ▼ 42.0% |
| Deferred charges and accrued income490/1 | - | - | - | €9k | €8k | ▼ 16.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €820k | €790k | €699k | €842k | €916k | ▲ 8.7% |
| Equity10/15 | €203k | €205k | €206k | €285k | €225k | ▼ 21.0% |
| Contributions10/11 | - | €94k | €94k | €94k | €94k | = |
| Reserves13 | €9k | €9k | €9k | €88k | €88k | = |
| Non-distributable reserves130/1 | - | €9k | €9k | €0 | - | - |
| Reserves not available under the articles1311 | - | €9k | €9k | €0 | - | - |
| Distributable reserves133 | - | - | - | €88k | €88k | = |
| Profit (loss) carried forward14 | €100k | €102k | €103k | €103k | €43k | ▼ 58.0% |
| Amounts payable17/49 | €617k | €585k | €493k | €557k | €690k | ▲ 24.0% |
| Amounts payable after more than one year17 | €309k | €264k | €220k | €179k | €320k | ▲ 78.6% |
| Financial debts170/4 | - | €264k | €220k | €179k | €320k | ▲ 78.6% |
| Amounts payable within one year42/48 | €304k | €317k | €268k | €378k | €367k | ▼ 2.8% |
| Current portion of amounts payable after more than one year42 | - | €46k | €44k | €40k | €51k | ▲ 25.9% |
| Trade debts44 | €1k | €8k | €3k | €2k | €3k | ▲ 92.2% |
| Suppliers440/4 | - | €8k | €3k | €2k | €3k | ▲ 92.2% |
| Taxes, remuneration and social security45 | - | €14k | €10k | €23k | €15k | ▼ 35.6% |
| Taxes450/3 | - | €14k | €10k | €23k | €10k | ▼ 56.9% |
| Remuneration and social security454/9 | - | - | - | - | €5k | - |
| Other amounts payable47/48 | - | €249k | €210k | €313k | €298k | ▼ 4.7% |
| Accrued charges and deferred income492/3 | - | €5k | €5k | €0 | €3k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22k | €1k | €2k | €79k | €-60k | ▼ 176% |
| + Depreciation and write-downs630 | €39k | €44k | €40k | €41k | €69k | ▲ 69.5% |
| Operating cash flow (approximation) | €61k | €45k | €41k | €120k | €9k | ▼ 92.5% |
| Investment in fixed assets (approximation) | - | €-11k | €11k | €0 | €-230k | - |
| Change in cash | - | €-31k | €-3k | €-8k | €-4k | ▲ 52.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-60k
Net result drops to €-60k, the lowest in the series.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €79k ▲4,725%
Net result €79k, the highest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
31-12
Financial
Equity above €200kEq €203k ▲11.9%
Equity rises from €182k to €203k.
19-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
02-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
01-07
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 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Wemmel · 1 establishment unit since 2009
Ground area
532 m²
Building footprint
320 m²
Volume, LiDAR
3,533 m³
2 parcels, Flanders · tallest building 16.3 m, ±4 floors. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 establishment unit
M-VIDA
since 20092.177.707.210
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22662B0010/00F006 | Flanders | 335 m² | 1 · 233 m² | 16.3 m · 4 fl. |
| 23095B0111/00Y009 | Flanders | 197 m² | 1 · 87 m² | 10.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
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
2022 · 1 entry · 114 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 114 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 9,698 companies in sector 68121 we hold annual accounts for 7,384. 5,290 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-04-2009
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.