MAVID
ActiveSummary
The annual accounts of MAVID for fiscal year 2025 show a net loss of 86% of the equity at the start of that year. The 2025 annual accounts show equity of €884 and a net result of €-6k. Equity is shrinking by ~43.6% per year across the filed fiscal years. Its solvency ranks better than 10% of 31791 sector peers (fiscal year 2025). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability49▲+23
Solvency27▼-9
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.41 against 0.12 in 2024; short-term debt: 63.9% and cash: 23.7% of total assets), and 98.5% of the assets are financed with debt.
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Signals
Seven 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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 2025Solvency, return and age of the figures
Solvency
1.5%
Return on assets
-9.6%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-6k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 31791 sector peers (2025).
NBB · sector comparisonPosition among 31791 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-09-2026, 55 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
55 d late
2024
66 d early
2023
43 d early
2022
52 d early
2021
39 d early
2020
75 d early
2019
4 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Equity
€884▼ 86.2%
2024 · €6k
Total assets
€58k▼ 1.7%
2024 · €59k
Net result
€-6k▲ 28.7%
2024 · €-8k
Working capital
€-22k▼ 3.5%
2024 · €-21k
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
Line20212022202320242025
Operating result€15k€13k▼ 11.2%€10k▼ 22.6%€-6k€-3k▲ 41.6%
Net result€14k€12k▼ 16.0%€7k▼ 37.4%€-8k€-6k▲ 28.7%
Equity€11k▼ 58.1%€8k▼ 27.8%€16k▲ 88.4%€6k▼ 58.9%€884▼ 86.2%
Total assets€51k▼ 41.0%€26k▼ 48.2%€27k▲ 3.6%€59k▲ 116%€58k▼ 1.7%
Debt€39k▼ 33.0%€18k▼ 54.1%€12k▼ 35.4%€52k▲ 350%€57k▲ 8.7%
Working capital€2k▼ 92.7%€434▼ 77.9%€7k▲ 1,565%€-21k€-22k▼ 3.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2025 against €6k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €58k
Fixed assets
€43k ▼ 23.4%
Current assets
€15k ▲ 413%
Equity and liabilities €58k
Equity
€884 ▼ 86.2%
Debt
€57k ▲ 8.7%
Debt's share of the balance-sheet total rises from 89.1% to 98.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€10k▲
2024 · €5k
Cash flow
€8k▲
2024 · €3k
Current ratio
0.41▲
2024 · 0.12
ROA
-9.6%▲
2024 · -13.2%
Interest coverage
5.12▲
2024 · 2.81
Debt ≤ 1 year
€37k▲
2024 · €24k
Debt > 1 year
€20k▼
2024 · €28k
Income taxes
€200▲
2024 · €170
Equity ratios withheld: equity of €884 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1k | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €2k | €11k | €13k | ▲ 23.1% |
| Other operating charges640/8 | €121 | €60 | €96 | €6k | €528 | ▼ 90.4% |
| Gross operating margin9900 | €17k | €15k | €12k | €10k | €10k | ▼ 0.9% |
| Operating profit (loss)9901 | €15k | €13k | €10k | €-6k | €-3k | ▲ 41.6% |
| Financial income75/76B | €255 | €2k | €1 | €0 | - | - |
| Recurring financial income75 | €255 | €2k | €1 | €0 | - | - |
| Financial charges65/66B | €168 | €216 | €181 | €2k | €2k | ▲ 11.9% |
| Recurring financial charges65 | €168 | €216 | €181 | €2k | €2k | ▲ 11.9% |
| Profit (loss) for the period before taxes9903 | €15k | €15k | €10k | €-8k | €-5k | ▲ 29.7% |
| Income taxes67/77 | €1k | €3k | €3k | €170 | €200 | ▲ 17.8% |
| Profit (loss) for the period9904 | €14k | €12k | €7k | €-8k | €-6k | ▲ 28.7% |
| Profit (loss) for the period to be appropriated9905 | €14k | €12k | €7k | €-8k | €-6k | ▲ 28.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €51k | €26k | €27k | €59k | €58k | ▼ 1.7% |
| Fixed assets21/28 | €10k | €8k | €8k | €56k | €43k | ▼ 23.4% |
| Tangible fixed assets22/27 | €10k | €8k | €8k | €56k | €43k | ▼ 23.4% |
| Plant, machinery and equipment23 | €5k | €5k | €5k | €5k | €5k | = |
| Furniture and vehicles24 | €4k | €2k | €3k | €50k | €37k | ▼ 25.9% |
| Current assets29/58 | €41k | €18k | €19k | €3k | €15k | ▲ 413% |
| Amounts receivable within one year40/41 | €40k | €15k | €1k | €0 | - | - |
| Trade receivables40 | - | - | €1k | €0 | - | - |
| Other amounts receivable41 | €40k | €15k | €5 | €0 | - | - |
| Cash at bank and in hand54/58 | €2k | €3k | €18k | €2k | €14k | ▲ 461% |
| Deferred charges and accrued income490/1 | €158 | €160 | €220 | €491 | €1k | ▲ 170% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €51k | €26k | €27k | €59k | €58k | ▼ 1.7% |
| Equity10/15 | €11k | €8k | €16k | €6k | €884 | ▼ 86.2% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €2k | €2k | €2k | €8k | €8k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €0 | - | - |
| Distributable reserves133 | - | - | - | €8k | €8k | = |
| Profit (loss) carried forward14 | €3k | €226 | €8k | €-8k | €-13k | ▼ 71.3% |
| Amounts payable17/49 | €39k | €18k | €12k | €52k | €57k | ▲ 8.7% |
| Amounts payable after more than one year17 | - | - | - | €28k | €20k | ▼ 29.3% |
| Financial debts170/4 | - | - | - | €28k | €20k | ▼ 29.3% |
| Amounts payable within one year42/48 | €39k | €18k | €12k | €24k | €37k | ▲ 53.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €8k | €8k | ▲ 4.2% |
| Financial debts43 | €625 | €198 | €1k | €197 | €684 | ▲ 247% |
| Credit institutions430/8 | €625 | €198 | €1k | €197 | €684 | ▲ 247% |
| Trade debts44 | - | €351 | €227 | €437 | €279 | ▼ 36.2% |
| Suppliers440/4 | - | €351 | €227 | €437 | €279 | ▼ 36.2% |
| Taxes, remuneration and social security45 | €9k | €2k | €7k | €5k | €22k | ▲ 372% |
| Taxes450/3 | €9k | €2k | €7k | €5k | €12k | ▲ 168% |
| Remuneration and social security454/9 | - | - | - | - | €10k | - |
| Other amounts payable47/48 | €30k | €15k | €3k | €11k | €6k | ▼ 47.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14k | €12k | €7k | €-8k | €-6k | ▲ 28.7% |
| + Depreciation and write-downs630 | €2k | €2k | €2k | €11k | €13k | ▲ 23.1% |
| Operating cash flow (approximation) | €16k | €13k | €9k | €3k | €8k | ▲ 163% |
| Investment in fixed assets (approximation) | - | €0 | €-2k | €-58k | €0 | ▲ 100% |
| Change in cash | - | €1k | €15k | €-15k | €11k | ▲ 174% |
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
Next filing, fiscal year 2026, expected by
2026
24-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 55 days late
2025
26-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
17-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-11k
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity doublescurrent ratio 5.20
Current ratio from 2.35 to 5.20; short-term debt falls from €50k to €20k.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Vorst · 1 establishment unit since 2005
Ground area
90 m²
Building footprint
90 m²
Volume, LiDAR
791 m³
Parcel 21383B0020/00Y045, Brussels · tallest building 12.9 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MAVID
since 20052.147.862.882
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21383B0020/00Y045 | Brussels | 90 m² | 1 · 90 m² | 12.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
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
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TITTOR
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,587. 4,499 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
Founded19-05-2005
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
E-mail
dmalfait@hotmail.com
Scores and ratios are computed by Checked and are not a credit decision.