MRGV Services

Active

Private limited companyfounded 20206 yrs activeWestermoer 21, 2160 Wommelgem, BelgiumKBO/BCE: BE 0746.871.591

The computed 12-month bankruptcy probability of MRGV Services is 2.2% (moderate). The 2025 annual accounts show equity of €81k and a net result of €-3k. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 42% of 941 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

33 / 100

Weak▼ -13 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0▼-16

Solvency42▲+2

Growth52=

Stability100

Bankruptcy probability, 12 months

2.2% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €3k at 30 days only on tighter terms

Liquidity short (current ratio 0.34 against 0.44 in 2024), and 66.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 52

Relative position

BE, all sectors

reference

Sector 52

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

33.8%

Return on assets

-1.2%

Age of the figures

8 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-06-2026, 56 days ahead of the deadline.

NBB · 6 filings

Deviation from the deadline

2025

56 d early

2024

23 d late

2023

28 d late

2022

29 d late

2021

4 d early

2020

10 d late

← before the deadline after the deadline →

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 months

Position in the running window

14-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€81k▼ 3.9%

2024 · €84k

2020: €57k 2021: €70k 2022: €78k 2023: €81k 2024: €84k

2020 → 2025

Total assets

€239k▼ 7.0%

2024 · €257k

2020: €367k 2021: €293k 2022: €283k 2023: €273k 2024: €257k

2020 → 2025

Net result

€-3k

2024 · €3k

2020: €56k 2021: €13k 2022: €8k 2023: €4k 2024: €3k

2020 → 2025

Working capital

€-30k▼ 32.5%

2024 · €-23k

2020: €-37k 2021: €-34k 2022: €-27k 2023: €-26k 2024: €-23k

2020 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€70k-€78k▲ 11.1%€81k▲ 4.8%€84k▲ 3.3%€81k▼ 3.9%

Operating result€20k-€14k▼ 32.5%€9k▼ 33.9%€8k▼ 7.7%€-324

Net result€13k-€8k▼ 39.2%€4k▼ 52.3%€3k▼ 27.3%€-3k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2025: a loss of €324 after €8k in 2024, the lowest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €239k

93.7%

Fixed assets €224k▼ 6.4%

Current assets €15k▼ 15.5%

Equity and liabilities €239k

33.8%

66.2%

Equity €81k▼ 3.9%

Debt €158k▼ 8.5%

The debt ratio falls from 67.3% to 66.2%: debt falls faster than equity shrinks.

Key figures and ratios

2025 value · change against 2024

EBITDA

€15k▼

2024 · €24k

Cash flow

€12k▼

2024 · €18k

Solvency

33.8%▲

2024 · 32.7%

Current ratio

0.34▼

2024 · 0.44

Quick ratio

0.34▼

2024 · 0.44

Debt / equity

1.96▼

2024 · 2.06

ROE

-3.7%▼

2024 · 3.2%

ROA

-1.2%▼

2024 · 1.1%

Interest coverage

5.62▼

2024 · 6.70

Debt

€158k▼

2024 · €173k

Debt ≤ 1 year

€45k▲

2024 · €40k

Debt > 1 year

€112k▼

2024 · €130k

Income taxes

€0▼

2024 · €2k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€257k€239k▼

Fixed assets21/28€239k€224k▼

Tangible fixed assets22/27€239k€224k▼

Land and buildings22€234k€220k▼

Plant, machinery and equipment23€5k€4k▼

Current assets29/58€18k€15k▼

Amounts receivable within one year40/41€11k€11k▲

Trade receivables40€11k€11k▲

Other amounts receivable41-€5

Cash at bank and in hand54/58€7k€3k▼

Deferred charges and accrued income490/1€500€551▲

Equity and liabilities

Total equity and liabilities10/49€257k€239k▼

Equity10/15€84k€81k▼

Contributions10/11€2k€2k=

Profit (loss) carried forward14€83k€79k▼

Amounts payable17/49€173k€158k▼

Amounts payable after more than one year17€130k€112k▼

Financial debts170/4€130k€112k▼

Amounts payable within one year42/48€40k€45k▲

Current portion of amounts payable after more than one year42€17k€18k▲

Trade debts44€3k€4k▲

Suppliers440/4€3k€4k▲

Taxes, remuneration and social security45€6k€3k▼

Taxes450/3€6k€3k▼

Other amounts payable47/48€14k€21k▲

Accrued charges and deferred income492/3€2k€785▼

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€15k▼

Other operating charges640/8€1k€2k▲

Gross operating margin9900€25k€17k▼

Operating profit (loss)9901€8k€-324▼

Financial income75/76B-€15

Recurring financial income75-€15

Financial charges65/66B€4k€3k▼

Recurring financial charges65€4k€3k▼

Profit (loss) for the period before taxes9903€5k€-3k▼

Income taxes67/77€2k€0▼

Profit (loss) for the period9904€3k€-3k▼

Profit (loss) for the period to be appropriated9905€3k€-3k▼

Appropriation of the result

Profit (loss) to be appropriated9906€83k€79k▼

Profit (loss) brought forward from the previous period14P€80k€82k▲

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Financial 1Filings 6

Next filing, fiscal year 2026, expected by 31-07-2027

2026

05-06

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Weakest financial yearnet €-3k ▼210%

Net result drops to €-3k, the lowest in the series.

23-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 23 days late

2024

28-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 28 days late

2023

29-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 29 days late

2022

27-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

10-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 10 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 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, Wommelgem · 1 establishment unit since 2020

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Westermoer 212160 Wommelgem

Ground area

720 m²

Building footprint

107 m²

Volume, LiDAR

514 m³

Parcel 11052D0111/00S000, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

MRGV Services

Westermoer 21, 2160 WommelgemManufacture of metal structures and parts of structures

since 20202.302.263.128

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11052D0111/00S000	Flanders	720 m²	1 · 107 m²	7.7 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

BCTN Geel

BE 0668.580.616

Meerhout · Eq €82k

ACAD MANUTENTION LEVAGE

Of 352 companies in sector 52249 we hold annual accounts for 263. 132 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded13-05-2020

Fiscal year end31-12

Activities, NACEBEL

52249Warehousing and support activities for transportation

25510Coating of metals

25530Machining of metals

25610Manufacture of fabricated metal products, except machinery and equipment

95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)

45402

47830Retail sale of motorcycles and motorcycle parts and accessories

95290Repair and maintenance of other personal and household goods

Sources

Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers

Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.