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MDVC

Active Public limited companyfounded 2002active for 24 yearsScheldestraat 25/27, 2000 AntwerpKBO/BCE: BE 0478.035.202
MDVC
Financial year 2025
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Annual accounts 2025

abbreviated format, filed on 15-06-2026, 46 days before the deadline
€103,243
▲ 17.1%
€9,394
▲ 117%
-€22,372
▲ €14,368
-€416,299
▼ €32,255
55.7%
▲ 0.3 percentage points
0.12
▼ 0.01

Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €140,000. Estimated: probably between €110,000 and €220,000.

Balance sheet

balance sheet total €4.2m on 31-12-2025
What the company ownsHow it is paid for

in €m

in euro

Position in the sector

Compare with sector

55.7%

Higher than 70% of 11,299 companies in 2025.

0.12

Higher than 12% of 10,851 companies in 2025.

-0.5%

Higher than 34% of 11,184 companies in 2025.

MDVC Middle half of the sector 80% of the sector Abbreviated accounts in real estate (NACE 68)

Net result: bottom quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: bottom quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020201920182017201620152014201320122011201020092008
Balance sheet: assets
20/58 4.2m4.2m4.3m4.5m4.3m3.3m2.1m2.2m2.0m2.0m2.0m2.7m2.5m2.5m2.7m2.7m2.9m2.8m
21/28 4.1m4.2m4.3m4.0m3.6m1.7m1.9m1.9m2.0m2.0m2.0m2.0m2.2m2.3m2.3m2.3m2.3m2.4m
22/27 4.1m4.2m4.3m4.0m3.6m1.7m1.9m1.9m2.0m2.0m2.0m2.0m2.2m2.3m2.3m2.3m2.3m2.4m
22 4.0m4.1m4.1m3.9m3.5m1.6m1.9m1.9m2.0m2.0m2.0m2.0m2.2m2.3m2.3m2.3m2.3m2.4m
23 484798415391,4191,1544841,4452,4068469671,088-3897791,1681,557-
26 104,170103,255119,037125,36854,82422,07018,45322,26329,20432,80730,32026,53321,49113,83415,66418,80916,42016,065
28 10,70512,5982,067562--------------
29/58 57,28756,36895,188454,418726,2171.6m225,802249,49147,89937,41822,935733,711291,775235,338396,503402,425620,372396,946
40/41 93931,684--------778---31230,000-
40 -01,566-------------230,000-
41 9393118--------778---31--
50/53 ------------152,820158,415150,000150,750-369,572
54/58 47,30954,54888,625453,818722,9691.6m225,202248,89147,89937,41822,935732,933137,03172,815242,217249,644390,37227,374
490/1 9,8851,7284,8796003,2482,389600600----1,9234,1084,2862,000--
Balance sheet: equity and liabilities
10/49 4.2m4.2m4.3m4.5m4.3m3.3m2.1m2.2m2.0m2.0m2.0m2.7m2.5m2.5m2.7m2.7m2.9m2.8m
10/15 2.3m2.4m2.4m2.5m2.5m2.7m1.8m1.8m1.7m1.7m1.7m1.8m1.5m1.3m1.3m1.3m1.3m2.3m
10/11 1.3m1.3m1.3m1.3m1.3m1.3m1.3m1.3m1.3m1.3m1.3m1.3m1.3m1.3m1.3m1.3m1.3m2.3m
10 1.3m1.3m1.3m1.3m1.3m-------------
100 1.3m1.3m1.3m1.3m1.3m1.3m1.3m1.3m1.3m1.3m1.3m1.3m1.3m1.3m1.3m1.3m1.3m2.3m
13 873,346907,741942,135976,3811.0m1.0m131,000131,000131,000131,000131,000131,00021,40521,40521,40521,40521,405-
130/1 131,000131,000131,000131,000131,000131,000------------
130 131,000131,000131,000131,000131,000131,000131,000131,000131,000131,000131,000131,00021,40521,40521,40521,40521,405-
132 742,346776,741811,135845,381873,642879,120------------
14 147,691135,669138,013180,958219,661351,636369,812391,579268,715288,326295,435311,222131,812-44,938-32,606-19,660--54,417
16 247,452258,917270,382281,797291,214293,040------------
168 247,452258,917270,382281,797291,214293,040------------
17/49 1.6m1.6m1.7m1.7m1.5m328,548314,890325,732334,911311,010291,201986,6731.0m1.2m1.4m1.4m1.6m580,192
17 1.1m1.2m1.3m1.4m1.2m-------------
170/4 1.1m1.2m1.3m1.4m1.2m-------------
178/9 880540150---------------
42/48 473,587440,413361,835339,418329,220327,975314,393325,351334,751310,640282,345972,036990,8521.2m1.4m1.4m1.6m579,936
42 64,98164,196----------------
44 13,62008,5221,275-3,1253,306--959---4,570---9
440/4 13,62008,5221,275-3,1253,306--959---4,570---9
45 7,8148,3725,7153,9703,8815,3851,6092,599950-3,2404,8796,4862,7192,6411,7052,1971,917
450/3 7,8148,3725,7153,9703,8815,3851,6092,599950-3,2404,8796,4862,7192,6411,7052,1971,917
47/48 387,171367,845347,598334,173325,339319,465309,479322,752333,801309,680279,105967,157984,3671.2m1.4m1.4m1.6m578,010
492/3 9,6677,0107137156505744983811603708,85714,63616,4537,3417,066--256
Income statement
76A -----1.2m-173,145---308,914217,0542,672--87,6341,794
9900 103,24388,16228,59115,7965,6701.2m-2,193176,1219,14510,16610,066-8,749-6,428-1,7634,2572,3405,8816,856
630 77,67371,00264,74254,132123,7848,6688,92012,05212,05211,83412,17912,80510,4599,1028,5959,8998,3497,543
640/8 16,17612,8326,0805,9623,4083,5645,1845,5936,3585,7525,7455,9235,8515,9425,7626,3386,1986,414
66A --------------7506,036--
9901 9,3944,327-42,230-44,298-121,5211.2m-16,297158,477-9,264-7,419-7,858-27,478-22,739-16,807-10,100-13,897-8,666-7,101
75/76B 2183602,684--08-78532,13324,56311,93115,42110,2948,4548,53027,746
75 2183602,684--08-332,13324,56311,93115,42110,2948,4548,53027,746
76B --------782---------
65/66B 43,38352,89149,06132,08317,75812,6105,4785,72711,1321211,99820,87528,14510,70311,48911,37611,47411,372
65 43,38352,89149,06132,08317,75812,6105,4785,72711,1321211,99820,87528,14510,70311,48911,37611,47411,372
9903 -33,771-48,204-88,607-76,381-139,2791.2m-21,767152,750-19,611-7,428-17,724285,124178,101-9,417-12,045-22,85576,02411,067
780 11,46511,46511,4159,4171,826-------------
67/77 66------29,8861-320-1,937-3,8811,3512,915901-3,1962024,162
9904 -22,372-36,739-77,191-66,964-137,453860,944-21,767122,864-19,612-7,109-15,787289,005176,750-12,332-12,946-19,66075,8226,905
789 34,39434,39434,24628,2605,478-------------
689 -----879,120------------
9905 12,023-2,345-42,945-38,703-131,974-18,176-21,767122,864-19,612-7,109-15,787289,005176,750-12,332-12,946-19,66075,8226,905
Appropriation of the result
9906 147,691135,669138,013180,958219,661351,636369,812391,579268,715288,326295,435420,817131,812-44,938-32,606-19,66021,405-54,417
14P 135,669138,013180,958219,661351,636-------------
691/2 -----------109,595----21,405-
6920 -----------109,595----21,405-
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 5 older financial years (2003-2007) were filed as documents without figures as data, scans for example.

The notes to these accounts have 14 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 15-06-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 15-06-2026 2026-00176874 PDF
31-12-2024 micro format 05-06-2025 2025-00129090 PDF
31-12-2023 micro format 05-06-2024 2024-00115983 PDF
31-12-2022 micro format 07-06-2023 2023-00115097 PDF
31-12-2021 micro format 01-06-2022 2022-20044402 PDF
31-12-2020 micro format 04-06-2021 2021-17500394 PDF
31-12-2019 micro format 08-06-2020 2020-15400167 PDF
31-12-2018 micro format 27-05-2019 2019-14800283 PDF
31-12-2017 micro format 28-05-2018 2018-14700239 PDF
31-12-2016 micro format 12-06-2017 2017-16500549 PDF
31-12-2015 abbreviated format 27-06-2016 2016-23400525 PDF
31-12-2014 abbreviated format 08-06-2015 2015-15600165 PDF
31-12-2013 abbreviated format 03-06-2014 2014-15900312 PDF
31-12-2012 abbreviated format 10-06-2013 2013-16700198 PDF
31-12-2011 abbreviated format 04-07-2012 2012-25800563 PDF
31-12-2010 abbreviated format 14-06-2011 2011-16200063 PDF
31-12-2009 abbreviated format 07-06-2010 2010-15500003 PDF
31-12-2008 abbreviated format 09-06-2009 2009-20800107 PDF
31-12-2007 abbreviated format 27-06-2008 2008-29500009 PDF
31-12-2006 abbreviated format 08-06-2007 2007-19200242 PDF
31-12-2005 abbreviated format 26-06-2006 2006-29300237 PDF
31-12-2004 abbreviated format 28-06-2005 2005-33600104 PDF
31-12-2003 abbreviated format 22-06-2004 2004-27000191 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020201920182017201620152014201320122011201020092008
87,06775,32922,5119,8342,2631.2m-7,377170,5292,7884,4144,320-14,672-12,279-7,705-1,506-3,998-317442
55,30134,263-12,450-12,832-13,669869,612-12,847134,916-7,5604,725-3,609301,811187,209-3,230-4,351-9,76084,17114,449
16,00011,474288,744497,4982.0m8,8060-75,8555,86010,05011,69714,78713,5782,7339127,7516,112-
-7,239-34,077-365,193-269,151-895,7881.4m-23,688200,99210,48114,483-709,998595,90264,216-169,402-7,426-140,728362,997-
-416,299-384,045-266,648115,000396,9971.3m-88,591-75,860-286,852-273,222-259,410-238,325-699,078-981,317-975,629-977,432-959,921-182,989
55.7%55.4%55.0%55.0%58.8%81.1%85.2%84.9%83.6%84.8%85.6%64.0%59.2%51.2%48.5%48.7%45.7%79.5%
0.120.130.261.342.214.940.720.770.140.120.080.750.290.190.290.290.390.68
0.690.700.710.700.590.120.170.180.200.180.170.560.690.951.061.051.190.26
-1.0%-1.6%-3.2%-2.7%-5.4%32.2%-1.2%6.7%-1.1%-0.4%-0.9%16.5%12.1%-1.0%-1.0%-1.5%5.7%0.3%
-0.5%-0.9%-1.8%-1.5%-3.2%26.1%-1.0%5.7%-1.0%-0.3%-0.8%10.6%7.2%-0.5%-0.5%-0.7%2.6%0.2%
2.011.420.460.310.13-------------

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Securities and guarantees

on own assets and for others
Item20252024202320222021
Mortgages, amount registered€200,000€200,000-€200,000€200,000
€1.6m€1.6m-€1.6m€1.6m
Carrying value of the mortgaged assets€2.6m€2.6m-€2.5m€2.1m

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€16,000€943€287,239€496,936€2.0m
Financial fixed assets€0€10,531€1,505€562-
€77,673€71,002€64,742€54,132€123,784

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on MDVC

The operating result for 2025 is 117% higher than in 2024 and the highest since 2020. It is the fourth rise in a row, after the fall in 2021.

Debt's share of the balance-sheet total falls from 38.5% to 38.4%. Equity and debt are lower.

Next steps

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