MLV26
ActiveSummary
MLV26 has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €241k and a net result of €59k. Equity is growing by ~73.2% per year across the filed fiscal years. Its solvency ranks better than 91% of 18400 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability95▲+6
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity ample (current ratio 6.87 against 4.4 in 2024; short-term debt: 12.8% and cash: 20.6% of total assets), and 15.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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
84.9%
Return on assets
20.7%
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
26 d late
2023
35 d late
2022
10 d late
2021
31 d late
2020
2 d late
2019
18 d late
← 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
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Equity
€241k▲ 32.3%
2024 · €183k
Total assets
€285k▲ 20.2%
2024 · €237k
Net result
€59k▲ 49.9%
2024 · €39k
Working capital
€213k▲ 37.8%
2024 · €155k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€47k▲ 232%€78k▲ 67.9%€71k▼ 8.8%€64k▼ 10.6%€99k▲ 54.9%
Net result€29k▲ 246%€51k▲ 74.5%€42k▼ 17.7%€39k▼ 7.0%€59k▲ 49.9%
Equity€50k▲ 145%€101k▲ 103%€143k▲ 41.8%€183k▲ 27.4%€241k▲ 32.3%
Total assets€113k▲ 61.4%€182k▲ 60.8%€206k▲ 13.6%€237k▲ 14.8%€285k▲ 20.2%
Debt€63k▲ 27.3%€81k▲ 27.5%€63k▼ 21.8%€54k▼ 14.0%€43k▼ 20.6%
Working capital€81k▲ 54.6%€119k▲ 46.8%€158k▲ 32.4%€155k▼ 2.0%€213k▲ 37.8%
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 55% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €285k
Fixed assets
€35k ▼ 4.7%
Current assets
€250k ▲ 24.7%
Equity and liabilities €285k
Equity
€241k ▲ 32.3%
Debt
€43k ▼ 20.6%
Debt's share of the balance-sheet total falls from 22.9% to 15.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€101k▲
2024 · €66k
Cash flow
€61k▲
2024 · €41k
Current ratio
6.87▲
2024 · 4.40
Debt to equity
0.18▼
2024 · 0.30
ROE
24.4%▲
2024 · 21.5%
ROA
20.7%▲
2024 · 16.6%
Interest coverage
33.69▼
2024 · 69.97
Debt ≤ 1 year
€36k▼
2024 · €46k
Debt > 1 year
€7k▼
2024 · €9k
Income taxes
€39k▲
2024 · €24k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €154 | €2k | €2k | €2k | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €7k | - | €-7k | - | - | - |
| Other operating charges640/8 | €835 | €1k | €17k | €2k | €2k | ▲ 2.9% |
| Gross operating margin9900 | €54k | €80k | €83k | €68k | €103k | ▲ 52.0% |
| Operating profit (loss)9901 | €47k | €78k | €71k | €64k | €99k | ▲ 54.9% |
| Financial income75/76B | - | - | - | €520 | €2k | ▲ 251% |
| Recurring financial income75 | - | - | - | €520 | €2k | ▲ 251% |
| Financial charges65/66B | €2k | €3k | €693 | €936 | €3k | ▲ 219% |
| Recurring financial charges65 | €2k | €3k | €693 | €936 | €3k | ▲ 219% |
| Profit (loss) for the period before taxes9903 | €45k | €75k | €71k | €63k | €98k | ▲ 54.1% |
| Income taxes67/77 | €16k | €24k | €28k | €24k | €39k | ▲ 61.0% |
| Profit (loss) for the period9904 | €29k | €51k | €42k | €39k | €59k | ▲ 49.9% |
| Transfer to tax-exempt reserves689 | - | €32k | €29k | €32k | €21k | ▼ 33.3% |
| Profit (loss) for the period to be appropriated9905 | €29k | €20k | €13k | €8k | €38k | ▲ 390% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €113k | €182k | €206k | €237k | €285k | ▲ 20.2% |
| Fixed assets21/28 | - | €8k | €7k | €36k | €35k | ▼ 4.7% |
| Tangible fixed assets22/27 | - | €8k | €7k | €36k | €35k | ▼ 4.7% |
| Furniture and vehicles24 | - | €8k | €7k | €36k | €35k | ▼ 4.7% |
| Current assets29/58 | €113k | €173k | €200k | €200k | €250k | ▲ 24.7% |
| Amounts receivable within one year40/41 | €90k | €166k | €179k | €186k | €189k | ▲ 1.7% |
| Trade receivables40 | €90k | €166k | €179k | €184k | €189k | ▲ 2.5% |
| Other amounts receivable41 | €477 | €500 | €3 | €2k | €15 | ▼ 99.0% |
| Cash at bank and in hand54/58 | €22k | €6k | €19k | €12k | €59k | ▲ 369% |
| Deferred charges and accrued income490/1 | €402 | €1k | €2k | €2k | €3k | ▲ 12.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €113k | €182k | €206k | €237k | €285k | ▲ 20.2% |
| Equity10/15 | €50k | €101k | €143k | €183k | €241k | ▲ 32.3% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €31k | €82k | €125k | €164k | €223k | ▲ 35.9% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Tax-exempt reserves132 | - | €32k | €61k | €93k | €114k | ▲ 22.7% |
| Distributable reserves133 | €29k | €49k | €64k | €71k | €109k | ▲ 53.1% |
| Amounts payable17/49 | €63k | €81k | €63k | €54k | €43k | ▼ 20.6% |
| Amounts payable after more than one year17 | €32k | €27k | €21k | €9k | €7k | ▼ 22.9% |
| Other amounts payable178/9 | €32k | €27k | €21k | €9k | €7k | ▼ 22.9% |
| Amounts payable within one year42/48 | €32k | €54k | €42k | €46k | €36k | ▼ 20.1% |
| Financial debts43 | - | €8k | €8k | €8k | €8k | ▲ 0.4% |
| Credit institutions430/8 | - | €8k | €8k | €8k | €8k | ▲ 0.4% |
| Trade debts44 | €5k | €10k | €4k | €6k | €6k | ▲ 2.8% |
| Suppliers440/4 | €5k | €10k | €4k | €6k | €6k | ▲ 2.8% |
| Taxes, remuneration and social security45 | €22k | €30k | €24k | €32k | €23k | ▼ 29.2% |
| Taxes450/3 | €22k | €30k | €24k | €32k | €23k | ▼ 29.2% |
| Other amounts payable47/48 | €4k | €5k | €5k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29k | €51k | €42k | €39k | €59k | ▲ 49.9% |
| + Depreciation and write-downs630 | - | €154 | €2k | €2k | €2k | = |
| Operating cash flow (approximation) | €29k | €51k | €44k | €41k | €61k | ▲ 47.8% |
| Investment in fixed assets (approximation) | - | - | €0 | €-32k | €0 | ▲ 100% |
| Change in cash | - | €-16k | €13k | €-6k | €46k | ▲ 828% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Highest result since 2018net €59k ▲49.9%
Operating result €99k, net result €59k, both a record.
31-12
Financial
Equity above €200kEq €241k ▲32.3%
8 profitable years in a row build equity to €241k.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-12
Financial
Equity above €150kEq €183k ▲27.4%
7 profitable years in a row build equity to €183k.
04-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 35 days late
2023
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
2022
31-12
Financial
Equity above €100kEq €101k ▲103%
5 profitable years in a row build equity to €101k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
2020
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 18 days late
2019
31-12
Financial
Weakest financial yearnet €6k ▼20%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
Show earlier events
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Knokke-Heist · 1 establishment unit since 2009
Ground area
1,476 m²
Building footprint
234 m²
Volume, LiDAR
1,425 m³
Parcel 31333I0791/00W000, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
MLV 26
since 20092.181.647.091
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31333I0791/00W000 | Flanders | 1,476 m² | 1 · 234 m² | 9.9 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.
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Of 6,498 companies in sector 47716 we hold annual accounts for 2,439. 1,717 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
Founded16-09-2009
Fiscal year end31-12
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
Scores and ratios are computed by Checked and are not a credit decision.