MDVM
Annual accounts 2025
micro format, filed on 04-06-2026, 57 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €260,000. Estimated: probably between €240,000 and €330,000.
Balance sheet
balance sheet total €450,171 on 31-12-2025in euro
in euro
Position in the sector
73.2%
Higher than 65% of 21,217 companies in 2025.
3.20
Higher than 60% of 20,581 companies in 2025.
23.1%
Higher than 58% of 20,756 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
450,171 | 379,198 | 245,686 | |
21/28 |
63,505 | 50,094 | 63,082 | |
22/27 |
63,505 | 50,094 | 63,082 | |
23 |
761 | 1,158 | - | |
24 |
62,744 | 48,936 | 63,082 | |
29/58 |
386,665 | 329,104 | 182,604 | |
40/41 |
88,742 | 40,169 | 42,169 | |
40 |
67,007 | 37,827 | 42,169 | |
41 |
21,736 | 2,342 | - | |
54/58 |
295,875 | 287,390 | 140,435 | |
490/1 |
2,048 | 1,545 | - | |
| Balance sheet: equity and liabilities | ||||
10/49 |
450,171 | 379,198 | 245,686 | |
10/15 |
329,468 | 225,491 | 97,211 | |
10/11 |
2,000 | 2,000 | 2,000 | |
13 |
327,468 | 223,491 | 95,211 | |
133 |
327,468 | 223,491 | 95,211 | |
17/49 |
120,703 | 153,706 | 148,474 | |
42/48 |
120,703 | 153,706 | 148,474 | |
44 |
1,647 | 506 | 6,796 | |
440/4 |
1,647 | 506 | 6,796 | |
45 |
33,556 | 67,701 | 56,178 | |
450/3 |
33,556 | 67,701 | 56,178 | |
47/48 |
85,500 | 85,500 | 85,500 | |
| Income statement | ||||
9900 |
170,123 | 202,990 | 147,074 | |
630 |
15,089 | 14,177 | 6,596 | |
9901 |
155,035 | 188,812 | 140,478 | |
65/66B |
54 | 47 | 9 | |
65 |
54 | 47 | 9 | |
9903 |
154,981 | 188,766 | 140,469 | |
67/77 |
51,004 | 60,486 | 45,258 | |
9904 |
103,977 | 128,280 | 95,211 | |
9905 |
103,977 | 128,280 | 95,211 | |
| Appropriation of the result | ||||
9906 |
103,977 | 128,280 | 95,211 | |
691/2 |
103,977 | 128,280 | 95,211 | |
6921 |
103,977 | 128,280 | 95,211 | |
| Document | ||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 04-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 170,123 | 202,990 | 147,074 | ||
| 119,066 | 142,457 | 101,807 | ||
| 28,500 | 1,189 | 69,678 | ||
| 8,485 | 146,955 | - | ||
| 265,963 | 175,397 | 34,129 | ||
| 73.2% | 59.5% | 39.6% | ||
| 3.20 | 2.14 | 1.23 | ||
| 0.37 | 0.68 | 1.53 | ||
| 31.6% | 56.9% | 97.9% | ||
| 23.1% | 33.8% | 38.8% | ||
| over 100 | over 100 | over 100 |
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.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €28,500 | €1,189 | €69,678 |
| €15,089 | €14,177 | €6,596 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on MDVM
The operating result for 2025 is 18% lower than in 2024.
Debt's share of the balance-sheet total falls from 40.5% to 26.8%. Equity is higher and debt is lower.