MBVV
ActiveSummary
MBVV has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €25,571 and a net result of -€154. Equity is growing by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 27% of 9742 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability56▼-1
Solvency35▲+1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.23 against 0.21 in 2023; short-term debt: 24.2% and cash: 0.8% of total assets), and 90.3% of the assets are financed with debt.
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Signals
Five 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
9.7%
Return on assets
-0.1%
Age of the figures
24 mo
raises risk · Annual accounts not filed
The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 151 days later.
NBB · 5 filingsPosition against the passed deadline
30-09-2025 close30-04-2026 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 26-03-2025, 35 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not filed
2024
35 d early
2023
6 d early
2022
33 d early
2021
37 d early
2020
33 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 29 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€25,571▼ 0.6%
2023 · €25,725
Total assets
€264,509▼ 4.3%
2023 · €276,409
Net result
-€154
2023 · €1,193
Working capital
-€49,165▼ 3.5%
2023 · -€47,503
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, 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
Line20202021202220232024
Operating result€8,406-€11,111▲ 32.2%€6,584▼ 40.7%€7,005▲ 6.4%€4,708▼ 32.8%
Net result-€82within the sector's middle half-€3,873within the sector's middle half€740within the sector's middle half▼ 80.9%€1,193within the sector's middle half▲ 61.4%-€154within the sector's middle half
Equity€19,918below the sector's middle half-€23,792below the sector's middle half▲ 19.4%€24,531below the sector's middle half▲ 3.1%€25,725below the sector's middle half▲ 4.9%€25,571below the sector's middle half▼ 0.6%
Total assets€340,030below the sector's middle half-€301,244below the sector's middle half▼ 11.4%€284,313below the sector's middle half▼ 5.6%€276,409below the sector's middle half▼ 2.8%€264,509below the sector's middle half▼ 4.3%
Debt€320,111-€277,452▼ 13.3%€259,782▼ 6.4%€250,684▼ 3.5%€238,938▼ 4.7%
Working capital-€22,333within the sector's middle half--€25,278within the sector's middle half▼ 13.2%-€28,641within the sector's middle half▼ 13.3%-€47,503within the sector's middle half▼ 65.9%-€49,165within the sector's middle half▼ 3.5%
Solvency5.9%below the sector's middle half-7.9%below the sector's middle half▲ 2.0pp8.6%below the sector's middle half▲ 0.7pp9.3%within the sector's middle half▲ 0.7pp9.7%within the sector's middle half▲ 0.4pp
Current ratio0.72within the sector's middle half-0.52below the sector's middle half▼ 0.200.45below the sector's middle half▼ 0.070.21below the sector's middle half▼ 0.240.23below the sector's middle half▲ 0.02
Return on assets (ROA)0.0%within the sector's middle half-1.3%within the sector's middle half▲ 1.3pp0.3%within the sector's middle half▼ 1.0pp0.4%within the sector's middle half▲ 0.2pp-0.1%within the sector's middle half▼ 0.5pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, 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 2024; 2024 is 33% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €264,509
Fixed assets
€249,740 ▼ 5.3%
Current assets
€14,770 ▲ 19.5%
Equity and liabilities €264,509
Equity
€25,571 ▼ 0.6%
Debt
€238,938 ▼ 4.7%
Debt's share of the balance-sheet total falls from 90.7% to 90.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€21,760▼
2023 · €24,188
Cash flow
€16,898▼
2023 · €18,376
Debt to equity
9.34▼
2023 · 9.74
ROE
-0.6%▼
2023 · 4.6%
Interest coverage
4.48▼
2023 · 4.51
Debt ≤ 1 year
€63,935▲
2023 · €59,865
Debt > 1 year
€173,235▼
2023 · €190,819
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 849 companies that looked in July 2024 the way this one looks now, 3.9% went bankrupt within 24 months and 92% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a small loss
3.9%
went bankrupt
3.3%
stopped otherwise
92%
still going
A further 0.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 849 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,212 | €13,659 | €14,035 | €17,183 | €17,051 | ▼ 0.8% |
| Other operating charges640/8 | - | - | €1,822 | €2,419 | €2,653 | ▲ 9.7% |
| Non-recurring operating charges66A | - | - | - | €53 | - | - |
| Gross operating margin9900 | €26,052 | €26,975 | €22,442 | €26,660 | €24,413 | ▼ 8.4% |
| Operating profit (loss)9901 | €8,406 | €11,111 | €6,584 | €7,005 | €4,708 | ▼ 32.8% |
| Recurring financial income75 | €1 | - | - | - | - | - |
| Financial charges65/66B | - | - | €5,697 | €5,358 | €4,862 | ▼ 9.3% |
| Recurring financial charges65 | €8,489 | €6,270 | €5,697 | €5,358 | €4,862 | ▼ 9.3% |
| Profit (loss) for the period before taxes9903 | -€82 | €4,842 | €888 | €1,647 | -€154 | ▼ 109% |
| Income taxes67/77 | - | €968 | €148 | €454 | - | - |
| Profit (loss) for the period9904 | -€82 | €3,873 | €740 | €1,193 | -€154 | ▼ 113% |
| Profit (loss) for the period to be appropriated9905 | -€82 | €3,873 | €740 | €1,193 | -€154 | ▼ 113% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €340,030 | €301,244 | €284,313 | €276,409 | €264,509 | ▼ 4.3% |
| Formation expenses20 | €1,407 | €1,003 | €600 | €197 | - | - |
| Fixed assets21/28 | €282,369 | €273,023 | €260,630 | €263,850 | €249,740 | ▼ 5.3% |
| Tangible fixed assets22/27 | €282,369 | €273,023 | €260,630 | €263,850 | €249,740 | ▼ 5.3% |
| Land and buildings22 | - | - | €259,739 | €246,736 | €236,372 | ▼ 4.2% |
| Furniture and vehicles24 | - | - | €890 | €17,114 | €13,367 | ▼ 21.9% |
| Current assets29/58 | €56,254 | €27,217 | €23,083 | €12,362 | €14,770 | ▲ 19.5% |
| Amounts receivable within one year40/41 | €19,714 | €16,858 | €18,586 | €11,328 | €12,527 | ▲ 10.6% |
| Trade receivables40 | - | - | €18,586 | €11,328 | €12,527 | ▲ 10.6% |
| Cash at bank and in hand54/58 | €32,667 | €7,803 | €3,077 | €749 | €2,243 | ▲ 199% |
| Deferred charges and accrued income490/1 | - | - | €1,421 | €284 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €340,030 | €301,244 | €284,313 | €276,409 | €264,509 | ▼ 4.3% |
| Equity10/15 | €19,918 | €23,792 | €24,531 | €25,725 | €25,571 | ▼ 0.6% |
| Contributions10/11 | - | - | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | - | €3,792 | €4,531 | €5,725 | €5,725 | = |
| Distributable reserves133 | - | - | €4,531 | €5,725 | €5,725 | = |
| Profit (loss) carried forward14 | -€82 | - | - | - | -€154 | - |
| Amounts payable17/49 | €320,111 | €277,452 | €259,782 | €250,684 | €238,938 | ▼ 4.7% |
| Amounts payable after more than one year17 | €241,524 | €224,957 | €208,057 | €190,819 | €173,235 | ▼ 9.2% |
| Financial debts170/4 | - | - | €208,057 | €190,819 | €173,235 | ▼ 9.2% |
| Amounts payable within one year42/48 | €78,587 | €52,495 | €51,725 | €59,865 | €63,935 | ▲ 6.8% |
| Current portion of amounts payable after more than one year42 | - | - | €16,899 | €17,238 | €17,584 | ▲ 2.0% |
| Trade debts44 | €407 | - | €11,394 | €16,322 | €18,136 | ▲ 11.1% |
| Suppliers440/4 | - | - | €11,394 | €16,322 | €18,136 | ▲ 11.1% |
| Taxes, remuneration and social security45 | - | - | €368 | €4,976 | €3,710 | ▼ 25.4% |
| Taxes450/3 | - | - | €368 | €4,976 | €3,710 | ▼ 25.4% |
| Other amounts payable47/48 | - | - | €23,064 | €21,328 | €24,505 | ▲ 14.9% |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,768 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€82 | €3,873 | €740 | €1,193 | -€154 | ▼ 113% |
| + Depreciation and write-downs630 | €15,212 | €13,659 | €14,035 | €17,183 | €17,051 | ▼ 0.8% |
| Operating cash flow (approximation) | €15,130 | €17,532 | €14,775 | €18,376 | €16,898 | ▼ 8.0% |
| Investment in fixed assets (approximation) | - | -€4,313 | -€1,642 | -€20,403 | -€2,941 | ▲ 85.6% |
| Change in cash | - | -€24,864 | -€4,726 | -€2,327 | €1,493 | ▲ 164% |
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
2025
26-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Weakest financial yearnet -€154
Net result drops to -€154, the lowest in the series.
24-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
24-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Back to profitnet €3,873
Net result €3,873 after one loss-making year.
28-03
NBB filing
Annual accounts filed
fiscal year 2020 · 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.
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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, Maasmechelen · 1 establishment unit since 2019
Ground area
2,005 m²
Building footprint
142 m²
Volume, LiDAR
799 m³
Parcel 73045A1043/00E000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MBVV
since 20192.288.863.072
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73045A1043/00E000 | Flanders | 2,005 m² | 1 · 142 m² | 8.2 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 3,000 EUR awarded · 3,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 3,000 EUR | 3,000 EUR |
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Of 12,042 companies in sector 68203 we hold annual accounts for 6,005. 2,379 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
Founded28-03-2019
Fiscal year end30-09
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
33120Repair and maintenance of machinery
47120Other non-specialised retail sale
49410Freight transport by road
95319Other maintenance and repair of motor vehicles
95320Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0723738477
Also
9925:BE0723738477
Registered
08-12-2025
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.