MKV Engineering
ActiveSummary
MKV Engineering has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €491k and a net result of €30k. Equity is shrinking by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 9494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▼-1
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 30.46 against 30.41 in 2024; short-term debt: 3.2% and cash: 35.6% of total assets), and 3.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
96.7%
Return on assets
5.9%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €491k
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
on the day
2023
5 d early
2022
4 d early
2021
52 d early
2020
6 d late
2019
7 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€491k▲ 6.4%
2024 · €461k
2018: €532k
2019: €604k▲ +13.6% vs 2018
2020: €672k▲ +11.2% vs 2019
2021: €737k▲ +9.6% vs 2020highest in 8 years
2022: €469k▼ -36.3% vs 2021
2023: €431k▼ -8.3% vs 2022lowest in 8 years
2024: €461k▲ +7.1% vs 2023
2025: €491k▲ +6.4% vs 2024
2018 → 2025
Total assets
€508k▲ 6.5%
2024 · €477k
2018: €596k
2019: €623k▲ +4.6% vs 2018
2020: €699k▲ +12.2% vs 2019
2021: €777k▲ +11.2% vs 2020highest in 8 years
2022: €503k▼ -35.3% vs 2021
2023: €453k▼ -9.9% vs 2022lowest in 8 years
2024: €477k▲ +5.2% vs 2023
2025: €508k▲ +6.5% vs 2024
2018 → 2025
Net result
€30k▼ 2.6%
2024 · €31k
2018: €103khighest in 8 years
2019: €72k▼ -29.7% vs 2018
2020: €67k▼ -6.6% vs 2019
2021: €65k▼ -4.0% vs 2020
2022: €55k▼ -15.6% vs 2021
2023: €54k▼ -1.2% vs 2022
2024: €31k▼ -43.5% vs 2023
2025: €30k▼ -2.6% vs 2024lowest in 8 years
2018 → 2025
Working capital
€483k▲ 8.2%
2024 · €446k
2018: €530k
2019: €605k▲ +14.2% vs 2018
2020: €630k▲ +4.2% vs 2019
2021: €695k▲ +10.3% vs 2020highest in 8 years
2022: €440k▼ -36.7% vs 2021
2023: €412k▼ -6.3% vs 2022lowest in 8 years
2024: €446k▲ +8.2% vs 2023
2025: €483k▲ +8.2% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€737k-€469k▼ 36.3%€431k▼ 8.3%€461k▲ 7.1%€491k▲ 6.4%
2021: €737khighest in 5 years
2022: €469k▼ -36.3% vs 2021
2023: €431k▼ -8.3% vs 2022lowest in 5 years
2024: €461k▲ +7.1% vs 2023
2025: €491k▲ +6.4% vs 2024
Operating result€94k-€80k▼ 14.8%€77k▼ 3.3%€47k▼ 39.1%€48k▲ 2.4%
2021: €94khighest in 5 years
2022: €80k▼ -14.8% vs 2021
2023: €77k▼ -3.3% vs 2022
2024: €47k▼ -39.1% vs 2023lowest in 5 years
2025: €48k▲ +2.4% vs 2024
Net result€65k-€55k▼ 15.6%€54k▼ 1.2%€31k▼ 43.5%€30k▼ 2.6%
2021: €65khighest in 5 years
2022: €55k▼ -15.6% vs 2021
2023: €54k▼ -1.2% vs 2022
2024: €31k▼ -43.5% vs 2023
2025: €30k▼ -2.6% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 2% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €508k
Fixed assets
€8k ▼ 45.4%
Current assets
€499k ▲ 8.2%
Equity and liabilities €508k
Equity
€491k ▲ 6.4%
Debt
€17k ▲ 7.8%
Debt's share of the balance-sheet total stays at 3.3%.
Key figures and ratios
EBITDA
€55k▼
2024 · €59k
Cash flow
€37k▼
2024 · €42k
Current ratio
30.46▲
2024 · 30.41
Debt to equity
0.03▲
2024 · 0.03
ROE
6.1%▼
2024 · 6.6%
ROA
5.9%▼
2024 · 6.4%
Interest coverage
20.28▼
2024 · 72.11
Debt ≤ 1 year
€16k▲
2024 · €15k
Income taxes
€16k▼
2024 · €17k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€477k€508k▲
Fixed assets21/28€15k€8k▼
Tangible fixed assets22/27€15k€8k▼
Furniture and vehicles24€15k€8k▼
Current assets29/58€461k€499k▲
Amounts receivable within one year40/41€48k€68k▲
Trade receivables40€37k€56k▲
Other amounts receivable41€12k€11k▼
Current investments50/53€250k€250k▼
Cash at bank and in hand54/58€162k€181k▲
Deferred charges and accrued income490/1€934€985▲
Equity and liabilities
Total equity and liabilities10/49€477k€508k▲
Equity10/15€461k€491k▲
Contributions10/11€12k€12k=
Reserves13€449k€478k▲
Distributable reserves133€449k€478k▲
Amounts payable17/49€16k€17k▲
Amounts payable within one year42/48€15k€16k▲
Trade debts44€4k€634▼
Suppliers440/4€4k€634▼
Taxes, remuneration and social security45€11k€16k▲
Taxes450/3€11k€16k▲
Accrued charges and deferred income492/3€500€500=
Income statement
Code20242025
Non-recurring operating income76A€279-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€7k▼
Other operating charges640/8€1k€2k▲
Gross operating margin9900€60k€57k▼
Operating profit (loss)9901€47k€48k▲
Financial income75/76B€1k€5▼
Recurring financial income75€1k€5▼
Financial charges65/66B€816€3k▲
Recurring financial charges65€816€3k▲
Profit (loss) for the period before taxes9903€47k€45k▼
Income taxes67/77€17k€16k▼
Profit (loss) for the period9904€31k€30k▼
Profit (loss) for the period to be appropriated9905€31k€30k▼
Appropriation of the result
Profit (loss) to be appropriated9906€31k€30k▼
Transfer to equity691/2€31k€30k▼
To other reserves6921€31k€30k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €279 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €12k | €12k | €12k | €7k | ▼ 41.6% |
| Other operating charges640/8 | €2k | €828 | €1k | €1k | €2k | ▲ 21.2% |
| Gross operating margin9900 | €106k | €92k | €90k | €60k | €57k | ▼ 5.9% |
| Operating profit (loss)9901 | €94k | €80k | €77k | €47k | €48k | ▲ 2.4% |
| Financial income75/76B | €0 | - | - | €1k | €5 | ▼ 99.6% |
| Recurring financial income75 | €0 | - | - | €1k | €5 | ▼ 99.6% |
| Financial charges65/66B | €1k | €2k | €457 | €816 | €3k | ▲ 233% |
| Recurring financial charges65 | €1k | €2k | €457 | €816 | €3k | ▲ 233% |
| Profit (loss) for the period before taxes9903 | €92k | €78k | €77k | €47k | €45k | ▼ 4.1% |
| Income taxes67/77 | €28k | €23k | €23k | €17k | €16k | ▼ 6.9% |
| Profit (loss) for the period9904 | €65k | €55k | €54k | €31k | €30k | ▼ 2.6% |
| Profit (loss) for the period to be appropriated9905 | €65k | €55k | €54k | €31k | €30k | ▼ 2.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €777k | €503k | €453k | €477k | €508k | ▲ 6.5% |
| Fixed assets21/28 | €41k | €30k | €18k | €15k | €8k | ▼ 45.4% |
| Tangible fixed assets22/27 | €41k | €30k | €18k | €15k | €8k | ▼ 45.4% |
| Furniture and vehicles24 | €41k | €30k | €18k | €15k | €8k | ▼ 45.4% |
| Current assets29/58 | €735k | €473k | €435k | €461k | €499k | ▲ 8.2% |
| Amounts receivable within one year40/41 | €58k | €74k | €60k | €48k | €68k | ▲ 40.7% |
| Trade receivables40 | €49k | €67k | €50k | €37k | €56k | ▲ 53.8% |
| Other amounts receivable41 | €10k | €7k | €10k | €12k | €11k | ▼ 0.8% |
| Current investments50/53 | - | - | - | €250k | €250k | ▼ 0.1% |
| Cash at bank and in hand54/58 | €676k | €398k | €374k | €162k | €181k | ▲ 11.4% |
| Deferred charges and accrued income490/1 | €856 | €1k | €381 | €934 | €985 | ▲ 5.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €777k | €503k | €453k | €477k | €508k | ▲ 6.5% |
| Equity10/15 | €737k | €469k | €431k | €461k | €491k | ▲ 6.4% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €724k | €457k | €418k | €449k | €478k | ▲ 6.6% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €722k | €455k | €418k | €449k | €478k | ▲ 6.6% |
| Amounts payable17/49 | €40k | €33k | €22k | €16k | €17k | ▲ 7.8% |
| Amounts payable within one year42/48 | €40k | €33k | €22k | €15k | €16k | ▲ 8.1% |
| Trade debts44 | €2k | - | €144 | €4k | €634 | ▼ 85.2% |
| Suppliers440/4 | €2k | - | €144 | €4k | €634 | ▼ 85.2% |
| Taxes, remuneration and social security45 | €38k | €33k | €22k | €11k | €16k | ▲ 44.7% |
| Taxes450/3 | €38k | €33k | €22k | €11k | €16k | ▲ 44.7% |
| Accrued charges and deferred income492/3 | - | €500 | - | €500 | €500 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €65k | €55k | €54k | €31k | €30k | ▼ 2.6% |
| + Depreciation and write-downs630 | €11k | €12k | €12k | €12k | €7k | ▼ 41.6% |
| Operating cash flow (approximation) | €76k | €66k | €66k | €42k | €37k | ▼ 13.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-9k | €0 | ▲ 100% |
| Change in cash | - | €-278k | €-24k | €-212k | €19k | ▲ 109% |
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
Next filing, fiscal year 2026, expected by
2026
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €30k ▼2.6%
Net result drops to €30k, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 6 days late
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity quadruplescurrent ratio 34.29
Current ratio from 9.38 to 34.29; short-term debt falls from €63k to €18k.
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Lochristi
Ground area
2,284 m²
Building footprint
427 m²
Volume, LiDAR
2,836 m³
Parcel 44076F0093/00G000, Flanders · tallest building 13.0 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44076F0093/00G000 | Flanders | 2,284 m² | 1 · 427 m² | 13.0 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.
Recognitions · licences · registrations
Legal Entity Identifier
894500JZ1JGJEOZBLH61
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Of 11,571 companies in sector 71121 we hold annual accounts for 6,561. 4,439 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
Founded16-08-2011
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
Scores and ratios are computed by Checked and are not a credit decision.