MAVIBO has been active since 1995 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €336,585 and a net result of -€202. Equity has been stable since 2018 (±0.1% per year). Its solvency ranks better than 81% of 11,261 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Score breakdownraises riskLiquidity: current ratio 3.81, cash €9,079lowers riskSize: total assets €457,767Figures for financial year 2025 (filed on 25-06-2026)Founded in 1995Show the evidence
Checked score
Score 2025
Checked score
The higher the Checked score (0 to 100), the smaller the chance that the company goes bankrupt within twelve months. That chance sets the band, from Critical to Excellent, and within the band how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
92/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 42% of micro companies in real estate (NACE 68)
Financial strength measures the balance sheet and the results with three figures out of 100 from the latest annual accounts: solvency, liquidity and profitability. It does not directly set the Checked score's band. How the company does against its sector peers on these and on growth does count for its place within the band.
Average
Solvency99-1
equity 73.5% of total assets
Liquidity42-3
short-term debt 26.3% · cash 2.0%
Profitability37+4
return on assets 0.0%
Bankruptcy probability within 12 months
Bankruptcy probability
It is the chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. At 0.2%, about 2 in 1,000 comparable companies go bankrupt. The higher it is, the shorter the payment term to agree.
0.1%Very low
0%0.5%1.5%4%10%≥ 25%
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Sector median 0.2% (26,630 companies, NACE 68, micro)
Last 24 months12-2024: < 0.1%lowest value01-2025: < 0.1%● unchanged vs 12-2024lowest value02-2025: < 0.1%● unchanged vs 01-202503-2025: < 0.1%● unchanged vs 02-202504-2025: < 0.1%● unchanged vs 03-202505-2025: < 0.1%● unchanged vs 04-202506-2025: < 0.1%● unchanged vs 05-202507-2025: 0.1%▲ +0.1 percentage points vs 06-202508-2025: 0.1%● unchanged vs 07-202509-2025: 0.1%● unchanged vs 08-202510-2025: 0.1%● unchanged vs 09-202511-2025: 0.1%● unchanged vs 10-202512-2025: 0.1%● unchanged vs 11-202501-2026: 0.1%● unchanged vs 12-202502-2026: 0.1%● unchanged vs 01-202603-2026: 0.1%● unchanged vs 02-202604-2026: 0.1%● unchanged vs 03-202605-2026: 0.1%● unchanged vs 04-202606-2026: 0.1%● unchanged vs 05-202607-2026: 0.1%● unchanged vs 06-2026highest value08-2026: 0.1%● unchanged vs 07-2026highest value09-2026: 0.1%● unchanged vs 08-2026highest value10-2026: 0.1%● unchanged vs 09-2026highest value11-2026: 0.1%● unchanged vs 10-2026highest value
Credit of up to €30,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.81 (4.81 in 2024), above the usual 1.5. Short-term debt is 26.3% and cash 2% of total assets. 26.5% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
75-100
Excellent
under 0.55%
60-74
Healthy
0.55% to 1.5%
45-59
Fair
1.5% to 4.2%
25-44
Weak
4.2% to 15.0%
0-24
Critical
over 15.0%
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 80% of them on solvency, 36% on liquidity, 33% on profitability and 18% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 31 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 June (5 of the last 5 accounts filed within 30 days either side of that date).
Amounts without an identifiable currency are taken as euros.
Equity
Equity
Equity is what the company owns minus what it owes. It consists of the contributions and the reserves and profits built up. Negative equity means debts exceed assets.
The net result is what is left after all costs and taxes. One loss year is not an alarm on its own. After several loss years in a row, it pays to find out why.
Working capital is what is left when the company pays its short-term debts with its short-term assets. Positive means it can pay its bills in the short term.
Net result-€0.02m-€0.3m€0.2mabove the sector's middle half▼ 19.7%-€0.002mwithin the sector's middle half-€0.02mbelow the sector's middle half▼ 879%€0.001mwithin the sector's middle half-€0.01mwithin the sector's middle half-€202within the sector's middle half▲ 97.9%
Equity€0.03m-€0.3m▲ 764%€0.5mwithin the sector's middle half▲ 71.0%€0.5mwithin the sector's middle half▼ 0.4%€0.5mwithin the sector's middle half▼ 4.0%€0.5mwithin the sector's middle half▲ 0.2%€0.5mwithin the sector's middle half▼ 2.1%€0.3mwithin the sector's middle half▼ 26.3%
Total assets€1.7m-€1.9m▲ 12.6%€0.7mwithin the sector's middle half▼ 65.7%€0.6mbelow the sector's middle half▼ 7.9%€0.6mbelow the sector's middle half▲ 0.2%€0.6mbelow the sector's middle half▼ 2.9%€0.6mbelow the sector's middle half▼ 2.5%€0.5mbelow the sector's middle half▼ 20.8%
Working capital€1.2m-€0.3m▼ 76.8%€0.5mwithin the sector's middle half▲ 70.9%€0.5mwithin the sector's middle half▼ 0.4%€0.5mwithin the sector's middle half▼ 4.0%€0.5mwithin the sector's middle half▲ 0.4%€0.5mwithin the sector's middle half▼ 2.1%€0.3mwithin the sector's middle half▼ 26.3%
Solvency1.9%-14.8%▲ 12.9pp73.7%above the sector's middle half▲ 58.9pp79.7%above the sector's middle half▲ 6.0pp76.3%above the sector's middle half▼ 3.4pp78.7%above the sector's middle half▲ 2.4pp79.0%above the sector's middle half▲ 0.3pp73.5%above the sector's middle half▼ 5.5pp
Current ratio3.55-1.17▼ 2.383.81above the sector's middle half▲ 2.634.93above the sector's middle half▲ 1.124.22above the sector's middle half▼ 0.704.74above the sector's middle half▲ 0.514.81above the sector's middle half▲ 0.083.81above the sector's middle half▼ 1.00
Return on assets (ROA)-1.2%-13.1%▲ 14.3pp30.6%above the sector's middle half▲ 17.5pp-0.3%within the sector's middle half▼ 31.0pp-3.2%below the sector's middle half▼ 2.9pp0.2%within the sector's middle half▲ 3.4pp-1.7%below the sector's middle half▼ 1.8pp0.0%within the sector's middle half▲ 1.6pp
Staff (FTE)0-0
abovewithinbelowThe sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €4,802, smaller than the loss of €11,521 in 2024.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €457,767
73.5%
26.5%
Equity€336,585 ▼ 26.3%
Debt€121,182 ▲ 0.1%
Debt's share of the balance-sheet total rises from 21.0% to 26.5%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
Quick ratio
2.25▼
2024 · 3.25
Debt to equity
0.36▲
2024 · 0.27
ROE
-0.1%▲
2024 · -2.1%
Debt ≤ 1 year
€120,182▲
2024 · €120,074
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
Filed annual accountsAs filed with the NBB · 2025 against 2024 · 39 lines
Balance sheetCode20242025
Assets
Total assets20/58€577,860€457,767▼
Current assets29/58€577,860€457,767▼
Stocks and contracts in progress3€187,406€187,406=
Stocks30/36€186,523€186,523=
Contracts in progress37€883€883=
Amounts receivable within one year40/41€380,329€261,282▼
Trade receivables40€3,000€3,000=
Other amounts receivable41€377,329€258,282▼
Cash at bank and in hand54/58€8,069€9,079▲
Deferred charges and accrued income490/1€2,057€0▼
Equity and liabilities
Total equity and liabilities10/49€577,860€457,767▼
Equity10/15€456,787€336,585▼
Contributions10/11€250,000€250,000=
Reserves13€231,859€111,859▼
Non-distributable reserves130/1€1,859€1,859=
Reserves not available under the articles1311€1,859€1,859=
Distributable reserves133€230,000€110,000▼
Profit (loss) carried forward14-€25,073-€25,274▼
Amounts payable17/49€121,074€121,182▲
Amounts payable within one year42/48€120,074€120,182▲
Trade debts44€0€109▲
Suppliers440/4€0€109▲
Other amounts payable47/48€120,074€120,074=
Accrued charges and deferred income492/3€1,000€1,000=
Income statementCode20242025
Other operating charges640/8€238€240▲
Gross operating margin9900-€11,284-€4,562▲
Operating profit (loss)9901-€11,521-€4,802▲
Financial income75/76B€2,090€4,907▲
Recurring financial income75€2,090€4,907▲
Financial charges65/66B€246€306▲
Recurring financial charges65€246€306▲
Profit (loss) for the period before taxes9903-€9,677-€202▲
Profit (loss) for the period9904-€9,677-€202▲
Profit (loss) for the period to be appropriated9905-€9,677-€202▲
Appropriation of the result
Profit (loss) to be appropriated9906-€25,073-€25,274▼
Profit (loss) brought forward from the previous period14P-€15,395-€25,073▼
The figures are counted, not predicted. They describe the group, not MAVIBO.
In July 2024, 8,617 companies had the same profile as MAVIBO has now. Two years later, 94.1% were still going and 0.4% had gone bankrupt.
Small
20 years or older
solvency 30% or more
a small loss
94.1%was still going
5.2%stopped otherwise
0.4%went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MAVIBO itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
The companies in ten equal groups, from the lowest to the highest expected share
Group
Expected
Actual
1
0.2%
0.2%
2
0.3%
0.5%
3
0.5%
0.6%
4
0.7%
0.8%
5
0.9%
0.9%
6
1.3%
1.5%
7
1.6%
1.8%
8
1.8%
1.8%
9
3.0%
3.1%
10
5.6%
6.2%
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 8,617 companies, not a prediction for MAVIBO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Director (not named in the articles) · since 25-04-2024 · earlier manager, until 10-05-2024 · term without a fixed end · Public limited company · permanent representative: Geert Van Stappen · also on the board of 29 other companies · listed in the 2025 annual accounts, filed on 25-06-2026
Director · since 30-06-2025 · term without a fixed end · Private limited company · permanent representative: Jens Van Stappen · also on the board of 6 other companies · listed in the 2025 annual accounts, filed on 25-06-2026
Director · since 30-06-2025 · term without a fixed end · Private limited company · permanent representative: Niels Van Stappen · also on the board of 6 other companies · listed in the 2025 annual accounts, filed on 25-06-2026
Managing director · appointed in the act of 04-09-2025 · term without a fixed end · Public limited company · permanent representative: Geert Van Stappen
Current
Permanent representatives 3
JV
Jens Van Stappen
Permanent representative · appointed in the act of 04-09-2025 · for JVS Invest
Current
NV
Niels Van Stappen
Permanent representative · appointed in the act of 04-09-2025 · for Nivasta
Current
GV
Geert Van Stappen
Permanent representative · in office according to the act of 10-05-2024 · for JENI INVEST
Each bar is one period in a function, from appointment to resignation or to today. An open left edge means the mandate began before its first mention. An open right edge means the mandate ended without a stated end date.
Appointments: JVS Invest BV, Nivasta Comm.V. and Jeni Invest NV · Permanent representatives: Jens Van Stappen, Niels Van Stappen and Geert Van Stappen8 points ▸
General meeting, 30-06-2025
Director appointment, JVS Invest BV (director)
Permanent representative, Jens Van Stappen
Director appointment, Nivasta Comm.V. (director)
Permanent representative, Niels Van Stappen
Board meeting, 30-06-2025
Director appointment, Jeni Invest NV (managing director)
Each sentence rests on a document from the KBO register, the Belgian Official Gazette or the National Bank. The number after the sentence opens that document.
MAVIBO was incorporated on 1 December 1995.1Total assets fell from €1.7m in 2018 to €457,767 in 2025.2
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
Establishment unitMavibo, Everdongenlaan 7D, 2300 Turnhout since 01-05-2018 · unit number 2.275.561.996
Activities
NACEBEL 2025
68121Development of residential building projectsmain activity
68122Development of non-residential building projects
68310Real estate agency activities
Codes under NACEBEL 2008
41101Real estate developmentmain activity
41102Construction of residential and non-residential buildings
68311Real estate activities
PurposeThe purpose describes the activities the company may carry out under its articles.
“Onderneming voor het optrekken van gebouwen(ruwbouw en onder dak zetten); Onderneming voor het afwerken van gebouwen; Algemene aanneming van…”
14 activities
Onderneming voor het optrekken van gebouwen(ruwbouw en onder dak zetten)
Onderneming voor het afwerken van gebouwen
Algemene aanneming van grondwerken
Ruimen van waterlopen
De groot-en kleinhandel van bouwproducten en bouwmaterialen,de fabricatie van producten in cement en/of beton,de fabricatie van alle bouwproducten en materialen in het algemeen,alsmede het vervoer van goederen voor rekening van derden
Het bouwen,kopen en verkopen,huren en verhuren,hetzij voor eigen rekening,hetzij voor rekening van derden,van gebouwen,materieel en alle andere eigendommen,in één woord,van alle verhandelingen welke eigen zijn aan de handel,de bouw,de scheepvaart en de transportindustrie,het kopen en verkopen van gronden en alle financiële verhandelingen
Onderneming voor draineringswerken
Onderneming voor de montage van metalen constructies,bruggen en vakwerk
Onderneming voor rioleringswerken
Onderneming voor het aanleggen van speelpleinen,sportvelden,parken en tuinen
Onderneming voor het restaureren van gebouwen en monumenten
Onderneming voor het bouwen van stellingen,alsmede voor het invoegen en reinigen van gevels
Onderneming voor slopingswerken van gebouwen en kunstwerken
Check the withholding obligation
If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number
0456.563.855