MAVIN
ActiveMAVIN has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €979k and a net result of €118k. Equity is growing by ~13.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 9865 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
100
/ 100
Excellent= vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability60▲+7
Solvency100=
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity ample (current ratio 14.67 against 4.58 in 2023), and 3.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
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 2024Solvency, return and age of the figures
Solvency
96.8%
Return on assets
11.6%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-08-2025, 21 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
21 d late
2023
13 d late
2022
28 d late
2021
4 d early
2020
17 d late
2019
75 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€979k▲ 13.7%
2023 · €861k
2018: €404k
2019: €533k
2020: €600k
2021: €747k
2022: €770k
2023: €861k
2018 → 2024
Total assets
€1.01M▲ 6.4%
2023 · €950k
2018: €658k
2019: €721k
2020: €759k
2021: €859k
2022: €890k
2023: €950k
2018 → 2024
Net result
€118k▲ 29.1%
2023 · €91k
2018: €93k
2019: €128k
2020: €97k
2021: €147k
2022: €23k
2023: €91k
2018 → 2024
Working capital
€446k▲ 40.9%
2023 · €317k
2018: €23k
2019: €69k
2020: €119k
2021: €223k
2022: €231k
2023: €317k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€600k-€747k▲ 24.5%€770k▲ 3.1%€861k▲ 11.8%€979k▲ 13.7%
Operating result€153k-€177k▲ 15.6%€78k▼ 56.0%€154k▲ 98.2%€165k▲ 7.1%
Net result€97k-€147k▲ 51.4%€23k▼ 84.3%€91k▲ 296%€118k▲ 29.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 7% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.01M
Fixed assets
€533k▼ 2.3%
Current assets
€479k▲ 18.2%
Equity and liabilities €1.01M
Equity
€979k▲ 13.7%
Debt
€33k▼ 63.4%
The debt ratio falls from 9.4% to 3.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€186k▲
2023 · €176k
Cash flow
€138k▲
2023 · €113k
Solvency
96.8%▲
2023 · 90.6%
Current ratio
14.67▲
2023 · 4.58
Quick ratio
14.67▲
2023 · 4.58
Debt / equity
0.03▼
2023 · 0.10
ROE
12.0%▲
2023 · 10.6%
ROA
11.6%▲
2023 · 9.6%
Interest coverage
59.94▼
2023 · 65.45
Debt
€33k▼
2023 · €89k
Debt ≤ 1 year
€33k▼
2023 · €88k
Income taxes
€44k▼
2023 · €60k
Staff costs
€27k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€950k€1.01M▲
Fixed assets21/28€546k€533k▼
Tangible fixed assets22/27€111k€98k▼
Land and buildings22€50k€45k▼
Plant, machinery and equipment23€13k€7k▼
Furniture and vehicles24€47k€45k▼
Financial fixed assets28€435k€435k=
Current assets29/58€405k€479k▲
Amounts receivable within one year40/41€291k€303k▲
Trade receivables40€4k€350▼
Other amounts receivable41€287k€302k▲
Current investments50/53€52k€143k▲
Cash at bank and in hand54/58€59k€26k▼
Deferred charges and accrued income490/1€3k€7k▲
Equity and liabilities
Total equity and liabilities10/49€950k€1.01M▲
Equity10/15€861k€979k▲
Reserves13€8k€8k=
Distributable reserves133€8k€8k=
Profit (loss) carried forward14€853k€971k▲
Amounts payable17/49€89k€33k▼
Amounts payable within one year42/48€88k€33k▼
Financial debts43€7k-
Credit institutions430/8€7k-
Trade debts44€44k€23k▼
Suppliers440/4€44k€23k▼
Taxes, remuneration and social security45€37k€9k▼
Taxes450/3€37k€6k▼
Remuneration and social security454/9-€3k
Other amounts payable47/48€79€79=
Accrued charges and deferred income492/3€814-
Income statement
Code20232024
Remuneration, social security and pensions62-€27k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€20k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€177k€214k▲
Operating profit (loss)9901€154k€165k▲
Financial income75/76B-€28
Recurring financial income75-€28
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€152k€162k▲
Income taxes67/77€60k€44k▼
Profit (loss) for the period9904€91k€118k▲
Profit (loss) for the period to be appropriated9905€91k€118k▲
Appropriation of the result
Profit (loss) to be appropriated9906€853k€971k▲
Profit (loss) brought forward from the previous period14P€762k€853k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
31-12
Financial
Liquidity triplescurrent ratio 14.67
Current ratio from 4.58 to 14.67; short-term debt falls from €88k to €33k.
13-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Weakest financial yearnet €23k ▼84.3%
Net result drops to €23k, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €147k ▲51.4%
Net result €147k, the highest in the series.
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
14-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 75 days late
2019
31-12
Financial
Equity above €500kEq €533k ▲31.7%
2 profitable years in a row build equity to €533k.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 1 day late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2023
DE BELDER Carol
CurrentDirector · since 10-03-2023
VERHEYEN Willem
CurrentDirector · since 10-03-2023
10-03-2023
DE BELDER Carol: Appointed as Director
10-03-2023
VERHEYEN Willem: Appointed as Director
Location & real-estate footprint
Registered office, Edegem · 1 establishment unit since 2015
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.
Hovestraat 1482650 EdegemGround area
1,612 m²
Building footprint
247 m²
Volume, LiDAR
2,008 m³
Parcel 11472B0088/00X003, Flanders · tallest building 12.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MAVIN
since 20152.246.059.447
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11472B0088/00X003 | Flanders | 1,612 m² | 1 · 247 m² | 12.7 m · 3 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.
Similar companies · same sector, comparable size
KENT
BE 0429.308.340
Maasmechelen · Eq €934k
PHARMACIE DU DIEWEG
BE 0807.247.856
Ukkel · Eq €1.03M
ESCAPADE
BE 0457.146.845
Arlon · Eq €1.06M
NEOTRON
BE 0403.135.067
Sint-Gillis (bij-Brussel) · Eq €884k
NATHALIE AZUR
BE 0454.879.619
Knokke-Heist · Eq €883k
Of 410 companies in sector 47722 we hold annual accounts for 165. 84 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-07-2015
Fiscal year end31-12
Activities, NACEBEL
47722Retail trade
64200Holdings
64210Activities of holding companies
46498Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.