MBVC
ActiveSummary
MBVC has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €233,570 and a net result of €225,320. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 26% of 10519 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88▼-6
Solvency41▼-13
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity tight (current ratio 1.12 against 1.38 in 2024; short-term debt: 67.3% and cash: 25% of total assets), and 83.7% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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
Retail trade (NACE 47)
about 45% more 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
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
16.3%
Return on assets
15.8%
Age of the figures
18 mo
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 14-11-2025, 14 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 · 10 filingsDeviation from the deadline
2025
14 d late
2024
12 d late
2023
4 d early
2022
3 d early
2021
2 d early
2020
10 d late
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 4 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 29 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€233,570▼ 34.8%
2024 · €358,250
Total assets
€1.4m▲ 15.0%
2024 · €1.2m
Net result
€225,320▼ 9.5%
2024 · €249,038
Working capital
€114,986▼ 51.0%
2024 · €234,555
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€38,709€63,745€89,248▲ 40.0%€359,745▲ 303%€341,783▼ 5.0%
Net result-€56,253below the sector's middle half€59,973within the sector's middle half€56,219within the sector's middle half▼ 6.3%€249,038above the sector's middle half▲ 343%€225,320above the sector's middle half▼ 9.5%
Equity€93,019below the sector's middle half▼ 37.7%€102,993below the sector's middle half▲ 10.7%€109,212within the sector's middle half▲ 6.0%€358,250within the sector's middle half▲ 228%€233,570within the sector's middle half▼ 34.8%
Total assets€745,786within the sector's middle half▲ 3.3%€795,307within the sector's middle half▲ 6.6%€1.1mwithin the sector's middle half▲ 40.8%€1.2mwithin the sector's middle half▲ 11.0%€1.4mwithin the sector's middle half▲ 15.0%
Debt€652,767▲ 14.0%€692,314▲ 6.1%€1.0m▲ 46.0%€884,518▼ 12.5%€1.2m▲ 35.2%
Working capital€65,005within the sector's middle half▼ 35.2%€88,167within the sector's middle half▲ 35.6%-€11,324below the sector's middle half€234,555within the sector's middle half€114,986within the sector's middle half▼ 51.0%
Solvency12.5%below the sector's middle half▼ 8.2pp13.0%below the sector's middle half▲ 0.5pp9.8%below the sector's middle half▼ 3.2pp28.8%within the sector's middle half▲ 19.1pp16.3%within the sector's middle half▼ 12.5pp
Current ratio1.10within the sector's middle half▼ 0.081.13within the sector's middle half▲ 0.030.98below the sector's middle half▼ 0.141.38within the sector's middle half▲ 0.391.12within the sector's middle half▼ 0.26
Return on assets (ROA)-7.5%below the sector's middle half▼ 17.9pp7.5%within the sector's middle half▲ 15.1pp5.0%within the sector's middle half▼ 2.5pp20.0%above the sector's middle half▲ 15.0pp15.8%above the sector's middle half▼ 4.3pp
Staff (FTE)11above the sector's middle half=10.8above the sector's middle half▼ 1.8%10.1above the sector's middle half▼ 6.5%9.1above the sector's middle half▼ 9.9%9.3above the sector's middle half▲ 2.2%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 5% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€352,646 ▼ 8.5%
Current assets
€1.1m ▲ 25.6%
Equity and liabilities €1.4m
Equity
€233,570 ▼ 34.8%
Debt
€1.2m ▲ 35.2%
Debt's share of the balance-sheet total rises from 71.2% to 83.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€391,507▼
2024 · €408,996
Cash flow
€275,044▼
2024 · €298,289
Quick ratio
0.93▼
2024 · 1.09
Debt to equity
5.12▲
2024 · 2.47
ROE
96.5%▲
2024 · 69.5%
Interest coverage
8.57▼
2024 · 9.45
Debt ≤ 1 year
€961,755▲
2024 · €622,675
Debt > 1 year
€231,422▼
2024 · €261,843
Income taxes
€83,599▲
2024 · €83,018
Staff costs
€361,590▲
2024 · €318,910
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,053 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €32,615 | €8,365 | - | - | - |
| Remuneration, social security and pensions62 | - | €341,900 | €350,830 | €318,910 | €361,590 | ▲ 13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46,708 | €20,374 | €28,894 | €49,251 | €49,724 | ▲ 1.0% |
| Other operating charges640/8 | - | €3,722 | €3,136 | €17,183 | €3,804 | ▼ 77.9% |
| Non-recurring operating charges66A | - | - | - | - | €4,476 | - |
| Gross operating margin9900 | €367,353 | €429,742 | €472,108 | €745,088 | €761,377 | ▲ 2.2% |
| Operating profit (loss)9901 | -€38,709 | €63,745 | €89,248 | €359,745 | €341,783 | ▼ 5.0% |
| Financial income75/76B | - | €22,409 | €20,706 | €15,568 | €12,809 | ▼ 17.7% |
| Recurring financial income75 | €4,121 | €22,409 | €20,706 | €15,568 | €12,809 | ▼ 17.7% |
| Financial charges65/66B | - | €18,112 | €27,546 | €43,257 | €45,673 | ▲ 5.6% |
| Recurring financial charges65 | €20,926 | €18,112 | €27,546 | €43,257 | €45,673 | ▲ 5.6% |
| Profit (loss) for the period before taxes9903 | -€55,514 | €68,043 | €82,408 | €332,056 | €308,919 | ▼ 7.0% |
| Income taxes67/77 | €739 | €8,069 | €26,189 | €83,018 | €83,599 | ▲ 0.7% |
| Profit (loss) for the period9904 | -€56,253 | €59,973 | €56,219 | €249,038 | €225,320 | ▼ 9.5% |
| Profit (loss) for the period to be appropriated9905 | -€56,253 | €59,973 | €56,219 | €249,038 | €225,320 | ▼ 9.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €745,786 | €795,307 | €1.1m | €1.2m | €1.4m | ▲ 15.0% |
| Fixed assets21/28 | €28,014 | €14,826 | €411,988 | €385,538 | €352,646 | ▼ 8.5% |
| Tangible fixed assets22/27 | €28,014 | €14,826 | €411,988 | €385,538 | €352,646 | ▼ 8.5% |
| Plant, machinery and equipment23 | - | €4,025 | €326,681 | €293,299 | €275,987 | ▼ 5.9% |
| Furniture and vehicles24 | - | €7,894 | €6,015 | €5,118 | €626 | ▼ 87.8% |
| Other tangible fixed assets26 | - | €2,907 | €79,292 | €87,122 | €76,033 | ▼ 12.7% |
| Current assets29/58 | €717,772 | €780,481 | €707,812 | €857,230 | €1.1m | ▲ 25.6% |
| Amounts receivable after more than one year29 | - | €127,500 | €165,000 | €165,000 | €165,000 | = |
| Trade receivables290 | - | €112,500 | €150,000 | €150,000 | €150,000 | = |
| Other amounts receivable291 | - | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Stocks and contracts in progress3 | €192,429 | €162,456 | €163,051 | €179,356 | €179,356 | = |
| Stocks30/36 | - | €162,456 | €163,051 | €179,356 | €179,356 | = |
| Amounts receivable within one year40/41 | €185,640 | €117,879 | €61,375 | €69,311 | €342,257 | ▲ 394% |
| Trade receivables40 | - | €185 | €3,264 | €11,688 | €44,937 | ▲ 284% |
| Other amounts receivable41 | - | €117,695 | €58,111 | €57,623 | €297,320 | ▲ 416% |
| Cash at bank and in hand54/58 | €186,848 | €346,442 | €291,346 | €416,684 | €357,498 | ▼ 14.2% |
| Deferred charges and accrued income490/1 | - | €26,204 | €27,041 | €26,879 | €32,631 | ▲ 21.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €745,786 | €795,307 | €1.1m | €1.2m | €1.4m | ▲ 15.0% |
| Equity10/15 | €93,019 | €102,993 | €109,212 | €358,250 | €233,570 | ▼ 34.8% |
| Contributions10/11 | - | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Reserves13 | €18,019 | €27,993 | €34,212 | €283,250 | €158,570 | ▼ 44.0% |
| Non-distributable reserves130/1 | - | €7,500 | €7,500 | €7,500 | - | - |
| Reserves not available under the articles1311 | - | €7,500 | €7,500 | €7,500 | - | - |
| Tax-exempt reserves132 | - | €1,276 | €1,276 | €1,276 | €1,276 | = |
| Distributable reserves133 | - | €19,217 | €25,436 | €274,474 | €157,294 | ▼ 42.7% |
| Amounts payable17/49 | €652,767 | €692,314 | €1.0m | €884,518 | €1.2m | ▲ 35.2% |
| Amounts payable after more than one year17 | - | - | €291,453 | €261,843 | €231,422 | ▼ 11.6% |
| Financial debts170/4 | - | - | €291,453 | €261,843 | €231,422 | ▼ 11.6% |
| Amounts payable within one year42/48 | €652,767 | €692,314 | €719,136 | €622,675 | €961,755 | ▲ 54.5% |
| Current portion of amounts payable after more than one year42 | - | - | €28,819 | €29,609 | €30,421 | ▲ 2.7% |
| Trade debts44 | €563,130 | €575,466 | €550,668 | €468,296 | €510,730 | ▲ 9.1% |
| Suppliers440/4 | - | €575,466 | €550,668 | €468,296 | €510,730 | ▲ 9.1% |
| Taxes, remuneration and social security45 | - | €64,999 | €85,493 | €100,404 | €66,179 | ▼ 34.1% |
| Taxes450/3 | - | €8,062 | €26,191 | €43,458 | €2,263 | ▼ 94.8% |
| Remuneration and social security454/9 | - | €56,937 | €59,301 | €56,946 | €63,916 | ▲ 12.2% |
| Other amounts payable47/48 | - | €51,849 | €54,156 | €24,366 | €354,425 | ▲ 1,355% |
| Accrued charges and deferred income492/3 | - | - | - | - | €2,640 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€56,253 | €59,973 | €56,219 | €249,038 | €225,320 | ▼ 9.5% |
| + Depreciation and write-downs630 | €46,708 | €20,374 | €28,894 | €49,251 | €49,724 | ▲ 1.0% |
| Operating cash flow (approximation) | -€9,546 | €80,348 | €85,113 | €298,289 | €275,044 | ▼ 7.8% |
| Investment in fixed assets (approximation) | - | -€7,186 | -€426,056 | -€22,801 | -€16,832 | ▲ 26.2% |
| Change in cash | - | €159,593 | -€55,096 | €125,338 | -€59,186 | ▼ 147% |
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
2025
14-11
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 14 days late
2024
12-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 12 days late
31-03
Financial
Highest result since 2019net €249,038 ▲343%
Operating result €359,745, net result €249,038, both a record.
31-03
Financial
Equity above €200,000Eq €358,250 ▲228%
3 profitable years in a row build equity to €358,250.
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Back to profitnet €59,973
Net result €59,973 after one loss-making year.
31-03
Financial
Equity above €100,000Eq €102,993 ▲10.7%
Equity rises from €93,019 to €102,993.
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Weakest financial yearnet -€56,253
Net result drops to -€56,253, the lowest in the series; recovery starts the following year.
2020
10-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 10 days late
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2018
25-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
27-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
28-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Antwerpen · 1 establishment unit since 2011
Ground area
762 m²
Building footprint
555 m²
Volume, LiDAR
8,226 m³
Parcel 11002A2198/00E000, Flanders · tallest building 23.5 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
MBVC
since 20112.200.761.239
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11002A2198/00E000 | Flanders | 762 m² | 1 · 555 m² | 23.5 m · 6 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.
Structure & network
Owners and holdings
1 ownerChain of control
Highest known parent: Holding Brolet - Van Campfort 17. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 2,138 EUR awarded · 1,688 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,138 EUR | 1,688 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.200.761.239
Similar companies · same sector, comparable size
WCUP Sports Nutrition
BE 0461.818.582
Dendermonde · Eq €233,596
RETAIL SERVICES ATH
BE 0865.475.273
Ath · Eq €233,298
IMMO BWIN
BE 0756.568.128
Brussel · Eq €232,855
RINSDIS
BE 1017.073.110
Etterbeek · Eq €232,812
WIMPIE
BE 0446.127.546
De Panne · Eq €232,644
Of 10,510 companies in sector 47110 we hold annual accounts for 5,853. 4,053 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
Founded15-06-2011
Fiscal year end31-03
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0837143256
Also
9925:BE0837143256
Registered
13-03-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.