MAVINKO
ActiveSummary
The computed 12-month bankruptcy probability of MAVINKO is 2.5% (moderate). The 2024 annual accounts show equity of €53k and a net result of €13k. Equity is growing by ~46.2% per year across the filed fiscal years. Its solvency ranks better than 77% of 36375 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
77
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability91▼-9
Solvency96▲+8
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 3.38 against 2.6 in 2023; short-term debt: 28.8% and cash: 29.3% of total assets), and 28.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
71.2%
Return on assets
17.9%
Age of the figures
21 mo
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 04-03-2025, 149 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
149 d early
2023
85 d early
2022
12 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€53k▲ 33.5%
2023 · €39k
2022: €16k
2023: €39k
2022 → 2024
Total assets
€74k▲ 17.4%
2023 · €63k
2022: €35k
2023: €63k
2022 → 2024
Net result
€13k▼ 43.0%
2023 · €23k
2022: €15k
2023: €23k
2022 → 2024
Working capital
€51k▲ 34.0%
2023 · €38k
2022: €14k
2023: €38k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€16k-€39k▲ 143%€53k▲ 33.5%
Operating result€20k-€29k▲ 45.4%€15k▼ 47.2%
Net result€15k-€23k▲ 52.1%€13k▼ 43.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 47% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €74k
Fixed assets
€2k ▲ 21.0%
Current assets
€72k ▲ 17.3%
Equity and liabilities €74k
Equity
€53k ▲ 33.5%
Debt
€21k ▼ 9.7%
Debt's share of the balance-sheet total falls from 37.4% to 28.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€17k▼
2023 · €30k
Cash flow
€14k▼
2023 · €24k
Current ratio
3.38▲
2023 · 2.60
Debt to equity
0.40▼
2023 · 0.60
ROE
25.1%▼
2023 · 58.8%
ROA
17.9%▼
2023 · 36.8%
Interest coverage
57.75▼
2023 · 154.50
Debt ≤ 1 year
€21k▼
2023 · €24k
Income taxes
€4k▼
2023 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 39 lines
Balance sheet
Code20232024
Assets
Total assets20/58€63k€74k▲
Fixed assets21/28€2k€2k▲
Tangible fixed assets22/27€2k€2k▲
Plant, machinery and equipment23€2k€552▼
Furniture and vehicles24-€1k
Current assets29/58€61k€72k▲
Amounts receivable within one year40/41€42k€49k▲
Trade receivables40€10k€13k▲
Other amounts receivable41€32k€36k▲
Cash at bank and in hand54/58€18k€22k▲
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€63k€74k▲
Equity10/15€39k€53k▲
Contributions10/11€1k€1k=
Profit (loss) carried forward14€38k€52k▲
Amounts payable17/49€24k€21k▼
Amounts payable within one year42/48€24k€21k▼
Current portion of amounts payable after more than one year42€1k€733▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€1k€982▼
Suppliers440/4€1k€982▼
Taxes, remuneration and social security45€21k€20k▼
Taxes450/3€21k€20k▼
Remuneration and social security454/9€0-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€31k€18k▼
Operating profit (loss)9901€29k€15k▼
Financial income75/76B€703€2k▲
Recurring financial income75€703€2k▲
Financial charges65/66B€196€290▲
Recurring financial charges65€196€290▲
Profit (loss) for the period before taxes9903€30k€17k▼
Income taxes67/77€7k€4k▼
Profit (loss) for the period9904€23k€13k▼
Profit (loss) for the period to be appropriated9905€23k€13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€38k€52k▲
Profit (loss) brought forward from the previous period14P€15k€38k▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
04-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €13k ▼43%
Net result drops to €13k, the lowest in the series.
07-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2022net €23k ▲52.1%
Operating result €29k, net result €23k, both a record.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Gent · 1 establishment unit since 2021
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.
Sint-Bernadettestraat 389040 GentGround area
139 m²
Building footprint
139 m²
Volume, LiDAR
1,583 m³
Parcel 44061B0318/00L004, Flanders · tallest building 14.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
MAVINKO
since 20212.319.751.337
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44061B0318/00L004 | Flanders | 139 m² | 1 · 139 m² | 14.4 m · 4 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
T.E.B.A
BE 0607.932.850
Antwerpen · Eq €52,478
INFRASIGNA
BE 0736.976.702
Wingene · Eq €52,431
MEIREN
BE 0404.652.920
Antwerpen · Eq €52,398
HD INFRA
BE 0751.739.013
Zele · Eq €52,914
TRATEC SERVICE
BE 0448.734.074
Boussu · Eq €52,970
Of 4,097 companies in sector 43240 we hold annual accounts for 1,632. 1,341 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-06-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43240Other construction installation
43211General electrical installation work
43350Other building finishing work
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.