Losses
-€340,718 in five years
Every financial year from 2021 to 2025 closed with a loss. 2021 was the heaviest.
MDVC
Lifetime
18 annual accounts with figures on one time axis, 23 filings since 2003peak €1.2m (2020)
€103,243▲ 17.1%
lowest -€137,453 (2021)
-€22,372▲ €14,368
peak €2.7m (2020)
€2.3m▼ 1.0%
€1.6m▼ 1.8%
Board2 names since 2014
-
Documentsfilings and deeds
15-06-202646 days before the deadline
2025abbreviated format
Gross margin from €88,162 to €103,243Loss of €22,372
Key points
from the 2025 annual accountsFilings
23 annual accounts since 2003
The last five annual accounts were filed 46 to 60 days before the end of the period.
Position in the sector
€2.3m
More equity than 86% of companies in real estate. Sector median €300,201 · 11,304 companies.
Checked score
94
Excellent
Financially stronger than 50% of small companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.3%▲ +0.1 percentage points vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.2%▼ -0.1 percentage points vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.3%▲ +0.1 percentage points vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026highest value
07-2026: 0.2%▼ -0.1 percentage points vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.1%▼ -0.1 percentage points vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.12, cash €47,309
No registered site in the KBO
lowers risk
Size: total assets €4.2m
Figures for financial year 2025 (filed on 15-06-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small). It does better than 72% of them on solvency, 61% on liquidity, 28% on profitability and 38% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 8,617 companies had the same profile as MDVC has now. Each dot stands for 22 companies, two years later.
94.2%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MDVC itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 8,617 companies, not a prediction for MDVC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €210,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.12 (0.13 in 2024), below 1. Short-term debt is 11.3% and cash 1.1% of total assets. 44.3% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-06-2026, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 days early
2024
56 days early
2023
56 days early
2022
54 days early
2021
60 days early
2020
57 days early
2019
53 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 55 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 6 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Resignations & appointments
Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0478035202
Registered office moved within Antwerp
New registered office: Scheldestraat 25/27, bus 201, 2000 Antwerpen · Previous registered office: Mechelsesteenweg 162, 2018 Antwerpen · Board meeting of 27-06-2024 · Gazette deed
Change of role: SEGERS Karine Maria Franciska, from statutory manager to director
Appointment: SEGERS Martine Lutgart Bertha Jozefa (successor statutory director) · Legal-form conversion: from partnership limited by shares to public limited company · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MDVC Antwerp | €4.2m | €103,243 | 55.7% | - |
| HUBERMONT Aarschot | €4.0m | €109,009 | 38.6% | - |
| Terra Nuova Waimes | €3.9m | €120,417 | 63.2% | 0.1 |
| HAVRICO Antwerp | €4.5m | €166,995 | 83.4% | - |
| L & C TRADING Zandhoven | €5.1m | €96,281 | 74.2% | - |
| BUGA WIJNEGEM Geel | €4.4m | €107,067 | 23.9% | - |
| ARAN Beerse | €3.0m | €111,674 | 16.0% | - |
These companies have the same main activity as MDVC: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €3m and €5.1m, founded between 1994 and 2006.
Official details
Source: KBO- Status
- Active since 19-07-2002Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203
- Financial year end
- 31 December
- Peppol
- Reachable since 29-11-2025
Annual accounts 2025
- ≈ €140,000estimated
- €4.2m▼ 1.5%
- Filing
- Filed on 15-06-2026, 46 days before the end of the filing period
Insights on MDVC
MDVC files the abbreviated format. That format states no turnover. The gross margin rose from €6,856 in 2008 to €103,243 in 2025.
The balance sheet grew most from 2020 to 2022 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MDVC
- What is the company number of MDVC?
- The company number of MDVC is 0478.035.202. The VAT number is the same number with BE in front: BE 0478.035.202.
- Where is MDVC based?
- The registered office is at Scheldestraat 25/27, 2000 Antwerp.Company details
- What does MDVC do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of MDVC?
- MDVC is a public limited company (NV).
- When was MDVC founded?
- MDVC was founded on 19-07-2002.
- Is MDVC still active?
- Yes, MDVC is an active enterprise in the KBO register.
- What is the turnover of MDVC?
- The turnover in financial year 2025 is ≈ €140,000. This figure is estimated from the gross margin of €103,243 and 37 comparable companies (NACE 68203). It probably lies between €110,000 and €220,000.Financials
- Is MDVC profitable?
- In financial year 2025, MDVC made a loss of €22,372.
- Where can I find the annual accounts of MDVC?
- MDVC filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MDVC due?
- MDVC must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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