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MDV FINANCES

Active
Private limited companyfounded 200521 yrs activeChemin du Bois de Clabecq 3, 1440 Braine-le-Château, BelgiumKBO/BCE: BE 0874.119.656
Summary

MDV FINANCES has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €73,228 and a net result of -€9,802. Equity is shrinking by ~4.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch ReportCompare
MDV FINANCESActiveChecked score 91/100
Risk analysis ReportCompare

Overview

Activity
Water transport
NACE 50200
1 site
Size
€227,886total assets 2026
Equity
€73,228
Loss
-€9,802
Turnover not published (abridged schema)
Financial health
91 Excellent Checked score 2026
Bankruptcy chance 12 m
0.1%
Structure
Holdings
1
Accounts 171 d early0 of 2 deeds read
Why 91- Loss of €9,802, the second in a row (FY 2026)+ Size: total assets €227,886+ Sector Water transport (NACE 50)+ Liquidity: current ratio 0.32, cash €48,960Show the evidence

Checked score

Score 2026
91 / 100
Excellent
Probability in this band: under 0.55%
Better than 28% of its sector peers (NACE 50, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2025
Weak
Solvency 57-43
equity 32.1% of total assets
Liquidity 41-59
short-term debt 67.9% · cash 21.5%
Profitability 13+13
return on assets -4.3%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (261 companies)
Last 24 months 11-2024: 0.1%highest value 12-2024: 0.1%● 0.0% vs 11-2024highest value 01-2025: < 0.1%▼ -69.2% vs 12-2024 02-2025: < 0.1%● 0.0% vs 01-2025 03-2025: < 0.1%● 0.0% vs 02-2025 04-2025: < 0.1%▼ -4.5% vs 03-2025 05-2025: < 0.1%● 0.0% vs 04-2025 06-2025: < 0.1%▼ -9.5% vs 05-2025 07-2025: < 0.1%● 0.0% vs 06-2025 08-2025: < 0.1%● 0.0% vs 07-2025 09-2025: < 0.1%● 0.0% vs 08-2025 10-2025: < 0.1%● 0.0% vs 09-2025 11-2025: < 0.1%● 0.0% vs 10-2025 12-2025: < 0.1%● 0.0% vs 11-2025 01-2026: < 0.1%● 0.0% vs 12-2025 02-2026: < 0.1%● 0.0% vs 01-2026 03-2026: < 0.1%● 0.0% vs 02-2026 04-2026: < 0.1%▼ -5.3% vs 03-2026lowest value 05-2026: < 0.1%● 0.0% vs 04-2026lowest value 06-2026: 0.1%▲ +94.4% vs 05-2026 07-2026: 0.1%● 0.0% vs 06-2026 08-2026: 0.1%● 0.0% vs 07-2026 09-2026: 0.1%● 0.0% vs 08-2026 10-2026: 0.1%● 0.0% vs 09-2026
  • Size: total assets €227,886 lowers the probability for this profile
  • Sector Water transport (NACE 50) lowers the probability
  • Liquidity: current ratio 0.32, cash €48,960 lowers the probability
  • Loss of €9,802, the second in a row (FY 2026) raises the probability
Credit up to €6,000 at 30 days acceptable
Liquidity short (current ratio 0.32 against 60.97 in 2025; short-term debt: 67.9% and cash: 21.5% of total assets), and 67.9% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 50, micro). Better than this share of them on solvency 45%, liquidity 27%, profitability 19%, growth against the median 23%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €227,886
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Sector Water transport (NACE 50)
In the bankruptcy model this factor lowers the probability.
KBO
lowers risk · Liquidity: current ratio 0.32, cash €48,960
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Loss of €9,802, the second in a row (FY 2026)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2025 and 2026); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2026
Net result per financial year
1920212223242526
2019 to 2026 · latest year -€9,802
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 13-05-2026, 171 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
171 d early
2025
178 d early
2024
174 d early
2023
168 d early
2022
151 d early
2021
138 d early
2020
107 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 155 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 41% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. Usually files around 13 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
04-10-2026 today31-03-2027 close31-10-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2026 · micro…
  2. Annual accounts filedfiscal year 2025 · micro…
  3. Liquidity times 28current ratio 60.97

Key points

  • Risk: 4 loss-making years in a rowloss fiscal year 2026 -€9,802 View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Total assets 20266 fiscal years filed €227,886 View

By topic

Financials

Fiscal year
2026
Total assets
€227,886
Loss
-€9,802
Solvency
32.1%
Total assets▲ 170%
Net result
20192026
Go to Financials

Timeline

Events
16
Since
2017
Next accounts
by 31-10-2027
  1. 13-05-2026Annual accounts filed
  2. 06-05-2025Annual accounts filed
  3. 31-03-2025Liquidity times 28
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Water transportNACE 50200
Founded
30-05-2005
Year ends
31-03
Peppol
Reachable for e-invoices
Go to Company details

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