MAVINS
ActiveSummary
MAVINS has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €47k and a net result of €35k. Equity is shrinking by ~24.1% per year across the filed fiscal years. Its solvency ranks better than 41% of 7058 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency67▼-31
Growth32=
Track record94
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 1.68 against 3.64 in 2024; short-term debt: 57.2% and cash: 50.3% of total assets), but 57.5% 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.
−lowers risk+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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
42.5%
Return on assets
31.7%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year €47k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 5 filingsDeviation from the deadline
2025
31 d late
2024
5 d late
2023
83 d late
2022
136 d late
2021
59 d late
← 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
Financials · fiscal year 2025, micro schema
Equity
€47k▲ 12.6%
2024 · €42k
2021: €146khighest in 5 years
2022: €72k▼ -50.9% vs 2021
2023: €13k▼ -81.6% vs 2022lowest in 5 years
2024: €42k▲ +217% vs 2023
2025: €47k▲ +12.6% vs 2024
2021 → 2025
Total assets
€111k▲ 92.4%
2024 · €58k
2021: €264k
2022: €321k▲ +21.7% vs 2021highest in 5 years
2023: €66k▼ -79.5% vs 2022
2024: €58k▼ -11.9% vs 2023lowest in 5 years
2025: €111k▲ +92.4% vs 2024
2021 → 2025
Net result
€35k▲ 22.8%
2024 · €29k
2021: €144khighest in 5 years
2022: €65k▼ -55.2% vs 2021
2023: €-29k▼ -144% vs 2022lowest in 5 years
2024: €29k▲ +201% vs 2023
2025: €35k▲ +22.8% vs 2024
2021 → 2025
Working capital
€43k▲ 6.1%
2024 · €41k
2021: €139khighest in 5 years
2022: €68k▼ -51.3% vs 2021
2023: €11k▼ -84.0% vs 2022lowest in 5 years
2024: €41k▲ +276% vs 2023
2025: €43k▲ +6.1% vs 2024
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€146k-€72k▼ 50.9%€13k▼ 81.6%€42k▲ 217%€47k▲ 12.6%
2021: €146khighest in 5 years
2022: €72k▼ -50.9% vs 2021
2023: €13k▼ -81.6% vs 2022lowest in 5 years
2024: €42k▲ +217% vs 2023
2025: €47k▲ +12.6% vs 2024
Operating result€186k-€82k▼ 55.8%€-28k€37k€48k▲ 29.9%
2021: €186khighest in 5 years
2022: €82k▼ -55.8% vs 2021
2023: €-28k▼ -134% vs 2022lowest in 5 years
2024: €37k▲ +231% vs 2023
2025: €48k▲ +29.9% vs 2024
Net result€144k-€65k▼ 55.2%€-29k€29k€35k▲ 22.8%
2021: €144khighest in 5 years
2022: €65k▼ -55.2% vs 2021
2023: €-29k▼ -144% vs 2022lowest in 5 years
2024: €29k▲ +201% vs 2023
2025: €35k▲ +22.8% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 30% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €111k
Fixed assets
€4k ▲ 195%
Current assets
€107k ▲ 89.8%
Equity and liabilities €111k
Equity
€47k ▲ 12.6%
Debt
€64k ▲ 303%
Debt's share of the balance-sheet total rises from 27.5% to 57.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€49k▲
2024 · €38k
Cash flow
€36k▲
2024 · €30k
Current ratio
1.68▼
2024 · 3.64
Debt to equity
1.36▲
2024 · 0.38
ROE
74.7%▲
2024 · 68.5%
ROA
31.7%▼
2024 · 49.7%
Interest coverage
122.28▼
2024 · 149.65
Debt ≤ 1 year
€64k▲
2024 · €16k
Income taxes
€12k▲
2024 · €8k
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 · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€58k€111k▲
Fixed assets21/28€1k€4k▲
Tangible fixed assets22/27€1k€4k▲
Plant, machinery and equipment23€1-
Furniture and vehicles24€1k€4k▲
Financial fixed assets28€200€200=
Current assets29/58€56k€107k▲
Amounts receivable within one year40/41€23k€51k▲
Trade receivables40€19k€47k▲
Other amounts receivable41€4k€4k=
Cash at bank and in hand54/58€33k€56k▲
Equity and liabilities
Total equity and liabilities10/49€58k€111k▲
Equity10/15€42k€47k▲
Contributions10/11€2k€2k=
Profit (loss) carried forward14€40k€45k▲
Amounts payable17/49€16k€64k▲
Amounts payable within one year42/48€16k€64k▲
Trade debts44€9k€38k▲
Suppliers440/4€9k€38k▲
Taxes, remuneration and social security45€7k€26k▲
Taxes450/3€7k€26k▲
Other amounts payable47/48€22€122▲
Accrued charges and deferred income492/3€387€400▲
Income statement
Code20242025
Non-recurring operating income76A€1k€150▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€920€1k▲
Other operating charges640/8€2k€829▼
Gross operating margin9900€39k€50k▲
Operating profit (loss)9901€37k€48k▲
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€251€399▲
Recurring financial charges65€251€399▲
Profit (loss) for the period before taxes9903€36k€47k▲
Income taxes67/77€8k€12k▲
Profit (loss) for the period9904€29k€35k▲
Profit (loss) for the period to be appropriated9905€29k€35k▲
Appropriation of the result
Profit (loss) to be appropriated9906€40k€75k▲
Profit (loss) brought forward from the previous period14P€11k€40k▲
Profit to be distributed694/7-€30k
Return on contributions (dividend)694-€30k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €3k | - | €1k | €150 | ▼ 87.6% |
| Remuneration, social security and pensions62 | €52k | €37k | €181 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €2k | €920 | €1k | ▲ 23.4% |
| Other operating charges640/8 | €796 | €807 | €275 | €2k | €829 | ▼ 52.1% |
| Non-recurring operating charges66A | - | €2k | - | - | - | - |
| Gross operating margin9900 | €240k | €123k | €-26k | €39k | €50k | ▲ 26.2% |
| Operating profit (loss)9901 | €186k | €82k | €-28k | €37k | €48k | ▲ 29.9% |
| Financial income75/76B | €49 | €13 | €36 | - | €1 | - |
| Recurring financial income75 | €49 | €13 | €36 | - | €1 | - |
| Financial charges65/66B | €252 | €718 | €679 | €251 | €399 | ▲ 58.8% |
| Recurring financial charges65 | €252 | €718 | €679 | €251 | €399 | ▲ 58.8% |
| Profit (loss) for the period before taxes9903 | €186k | €81k | €-29k | €36k | €47k | ▲ 29.7% |
| Income taxes67/77 | €42k | €17k | - | €8k | €12k | ▲ 55.7% |
| Profit (loss) for the period9904 | €144k | €65k | €-29k | €29k | €35k | ▲ 22.8% |
| Profit (loss) for the period to be appropriated9905 | €144k | €65k | €-29k | €29k | €35k | ▲ 22.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €264k | €321k | €66k | €58k | €111k | ▲ 92.4% |
| Fixed assets21/28 | €7k | €4k | €2k | €1k | €4k | ▲ 195% |
| Tangible fixed assets22/27 | €7k | €4k | €2k | €1k | €4k | ▲ 226% |
| Plant, machinery and equipment23 | €5k | €2k | €710 | €1 | - | - |
| Furniture and vehicles24 | €2k | €2k | €1k | €1k | €4k | ▲ 226% |
| Financial fixed assets28 | - | €200 | €200 | €200 | €200 | = |
| Current assets29/58 | €257k | €317k | €63k | €56k | €107k | ▲ 89.8% |
| Amounts receivable within one year40/41 | €126k | €239k | €32k | €23k | €51k | ▲ 122% |
| Trade receivables40 | €126k | €102k | €32k | €19k | €47k | ▲ 149% |
| Other amounts receivable41 | - | €138k | - | €4k | €4k | = |
| Cash at bank and in hand54/58 | €131k | €78k | €31k | €33k | €56k | ▲ 67.4% |
| Deferred charges and accrued income490/1 | €170 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €264k | €321k | €66k | €58k | €111k | ▲ 92.4% |
| Equity10/15 | €146k | €72k | €13k | €42k | €47k | ▲ 12.6% |
| Contributions10/11 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €144k | €70k | €11k | €40k | €45k | ▲ 13.2% |
| Amounts payable17/49 | €118k | €249k | €52k | €16k | €64k | ▲ 303% |
| Amounts payable within one year42/48 | €118k | €249k | €52k | €16k | €64k | ▲ 311% |
| Trade debts44 | €44k | €61k | €8k | €9k | €38k | ▲ 334% |
| Suppliers440/4 | €44k | €61k | €8k | €9k | €38k | ▲ 334% |
| Taxes, remuneration and social security45 | €72k | €49k | €19k | €7k | €26k | ▲ 280% |
| Taxes450/3 | €60k | €49k | €19k | €7k | €26k | ▲ 280% |
| Remuneration and social security454/9 | €12k | - | - | - | - | - |
| Other amounts payable47/48 | €1k | €139k | €25k | €22 | €122 | ▲ 462% |
| Accrued charges and deferred income492/3 | - | - | - | €387 | €400 | ▲ 3.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €144k | €65k | €-29k | €29k | €35k | ▲ 22.8% |
| + Depreciation and write-downs630 | €2k | €2k | €2k | €920 | €1k | ▲ 23.4% |
| Operating cash flow (approximation) | €146k | €66k | €-27k | €30k | €36k | ▲ 22.8% |
| Investment in fixed assets (approximation) | - | €1k | €0 | €0 | €-4k | - |
| Change in cash | - | €-53k | €-46k | €2k | €23k | ▲ 1,039% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
05-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 5 days late
2024
31-12
Financial
Back to profitnet €29k
Net result €29k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 3.64
Current ratio from 1.21 to 3.64; short-term debt falls from €52k to €16k.
22-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 83 days late
2023
31-12
Financial
Weakest financial yearnet €-29k
Net result drops to €-29k, the lowest in the series; recovery starts the following year.
14-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 136 days late
2022
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 59 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, Edegem · 1 establishment unit since 2020
Ground area
323 m²
Building footprint
80 m²
Volume, LiDAR
594 m³
Parcel 11472B0043/00T004, Flanders · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Mavins
since 20202.308.250.701
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11472B0043/00T004 | Flanders | 323 m² | 1 · 80 m² | 11.0 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.
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Of 9,862 companies in sector 73110 we hold annual accounts for 3,752. 2,993 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
Founded09-10-2020
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
73120Media representation
73300Public relations and communication consultancy
82300Organisation of conventions and trade shows
85599Other education
Scores and ratios are computed by Checked and are not a credit decision.