MTV SERVICES
ActiveSummary
MTV SERVICES has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €166,642 and a net result of €24,441. Equity is shrinking by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 74% of 2075 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+14
Solvency87▲+8
Growth38▲+16
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity ample (current ratio 2.04 against 1.8 in 2024; short-term debt: 33.7% and cash: 19.4% of total assets), and 37.5% of the assets are financed with debt.
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Signals
Six 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
62.5%
Return on assets
9.2%
Age of the figures
9 mo
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 €166,642
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 01-04-2026, 121 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
121 d early
2024
142 d early
2023
149 d early
2022
133 d early
2021
139 d early
2020
17 d early
2019
30 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 104 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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. Usually files around 14 March (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€673,494▼ 14.5%
2019 · €787,409
EBIT margin
2.2%▲ 5.6pp
2019 · -3.5%
Net result
€24,441
2024 · -€6,003
Working capital
€93,271▲ 14.6%
2024 · €81,369
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result-€11,496-€4,333▲ 62.3%-€9,037▼ 109%€1,125€37,278▲ 3,214%
Net result-€17,837below the sector's middle half▼ 2,659%-€7,149below the sector's middle half▲ 59.9%-€12,212below the sector's middle half▼ 70.8%-€6,003below the sector's middle half▲ 50.8%€24,441within the sector's middle half
EBIT margin
Equity€167,566within the sector's middle half▼ 9.6%€160,417within the sector's middle half▼ 4.3%€148,204above the sector's middle half▼ 7.6%€142,201above the sector's middle half▼ 4.1%€166,642within the sector's middle half▲ 17.2%
Total assets€399,019within the sector's middle half▼ 26.9%€416,559within the sector's middle half▲ 4.4%€316,298above the sector's middle half▼ 24.1%€262,498within the sector's middle half▼ 17.0%€266,761below the sector's middle half▲ 1.6%
Debt€231,453▼ 35.8%€256,142▲ 10.7%€168,094▼ 34.4%€120,297▼ 28.4%€100,119▼ 16.8%
Working capital€140,692within the sector's middle half▼ 4.3%€118,883within the sector's middle half▼ 15.5%€106,140above the sector's middle half▼ 10.7%€81,369within the sector's middle half▼ 23.3%€93,271within the sector's middle half▲ 14.6%
Solvency42.0%within the sector's middle half▲ 8.0pp38.5%within the sector's middle half▼ 3.5pp46.9%within the sector's middle half▲ 8.3pp54.2%within the sector's middle half▲ 7.3pp62.5%within the sector's middle half▲ 8.3pp
Current ratio1.83within the sector's middle half▲ 0.311.57within the sector's middle half▼ 0.261.96within the sector's middle half▲ 0.401.80within the sector's middle half▼ 0.172.04within the sector's middle half▲ 0.24
Return on assets (ROA)-4.5%below the sector's middle half▼ 4.4pp-1.7%below the sector's middle half▲ 2.8pp-3.9%below the sector's middle half▼ 2.1pp-2.3%below the sector's middle half▲ 1.6pp9.2%within the sector's middle half▲ 11.4pp
Staff (FTE)2below the sector's middle half▲ 11.1%2below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 3,214% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €266,761
Fixed assets
€83,481 ▲ 5.4%
Current assets
€183,281 =
Equity and liabilities €266,761
Equity
€166,642 ▲ 17.2%
Debt
€100,119 ▼ 16.8%
Debt's share of the balance-sheet total falls from 45.8% to 37.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€67,049▲
2024 · €45,638
Cash flow
€54,212▲
2024 · €38,510
Debt to equity
0.60▼
2024 · 0.85
ROE
14.7%▲
2024 · -4.2%
Interest coverage
29.71▲
2024 · 14.57
Debt ≤ 1 year
€90,009▼
2024 · €101,913
Debt > 1 year
€10,109▼
2024 · €18,384
Income taxes
€10,581▲
2024 · €3,996
Staff costs
€88,087▲
2024 · €79,995
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,349 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €82,691 | - | - | - |
| Remuneration, social security and pensions62 | - | €76,127 | €82,691 | €79,995 | €88,087 | ▲ 10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,272 | €23,233 | €40,827 | €44,513 | €29,771 | ▼ 33.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €35,000 | €78,301 | €15,544 | ▼ 80.1% |
| Other operating charges640/8 | - | €3,863 | €4,893 | €15,876 | €4,646 | ▼ 70.7% |
| Gross operating margin9900 | €195,410 | €98,890 | €154,374 | €219,809 | €175,327 | ▼ 20.2% |
| Operating profit (loss)9901 | -€11,496 | -€4,333 | -€9,037 | €1,125 | €37,278 | ▲ 3,214% |
| Financial income75/76B | - | €30 | €137 | - | €0 | - |
| Recurring financial income75 | - | €30 | €137 | - | €0 | - |
| Financial charges65/66B | - | €2,338 | €3,526 | €3,132 | €2,257 | ▼ 28.0% |
| Recurring financial charges65 | €5,754 | €2,338 | €3,526 | €3,132 | €2,257 | ▼ 28.0% |
| Profit (loss) for the period before taxes9903 | -€17,249 | -€6,640 | -€12,426 | -€2,007 | €35,022 | ▲ 1,845% |
| Income taxes67/77 | €588 | €509 | -€213 | €3,996 | €10,581 | ▲ 165% |
| Profit (loss) for the period9904 | -€17,837 | -€7,149 | -€12,212 | -€6,003 | €24,441 | ▲ 507% |
| Profit (loss) for the period to be appropriated9905 | -€17,837 | -€7,149 | -€12,212 | -€6,003 | €24,441 | ▲ 507% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €399,019 | €416,559 | €316,298 | €262,498 | €266,761 | ▲ 1.6% |
| Fixed assets21/28 | €89,140 | €88,647 | €100,168 | €79,216 | €83,481 | ▲ 5.4% |
| Tangible fixed assets22/27 | €89,140 | €88,647 | €100,168 | €79,216 | €83,481 | ▲ 5.4% |
| Land and buildings22 | - | €23,000 | €23,000 | €23,000 | €23,000 | = |
| Plant, machinery and equipment23 | - | €1,453 | €41,670 | €27,754 | €14,411 | ▼ 48.1% |
| Furniture and vehicles24 | - | €64,194 | €35,498 | €28,462 | €27,384 | ▼ 3.8% |
| Leasing and similar rights25 | - | - | - | - | €18,685 | - |
| Current assets29/58 | €309,878 | €327,912 | €216,130 | €183,282 | €183,281 | = |
| Amounts receivable within one year40/41 | €159,572 | €147,511 | €152,625 | €36,999 | €20,907 | ▼ 43.5% |
| Trade receivables40 | - | €139,307 | €149,063 | €30,719 | €17,537 | ▼ 42.9% |
| Other amounts receivable41 | - | €8,205 | €3,563 | €6,280 | €3,369 | ▼ 46.3% |
| Current investments50/53 | - | - | - | - | €100,000 | - |
| Cash at bank and in hand54/58 | €138,896 | €168,246 | €50,742 | €138,305 | €51,740 | ▼ 62.6% |
| Deferred charges and accrued income490/1 | - | €12,155 | €12,763 | €7,978 | €10,634 | ▲ 33.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €399,019 | €416,559 | €316,298 | €262,498 | €266,761 | ▲ 1.6% |
| Equity10/15 | €167,566 | €160,417 | €148,204 | €142,201 | €166,642 | ▲ 17.2% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | - | €18,600 | €18,600 | €18,600 | - | - |
| Other1109/19 | - | €18,600 | €18,600 | €18,600 | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | €1,860 | €1,860 | - | - |
| Other1319 | - | - | - | - | €1,860 | - |
| Profit (loss) carried forward14 | €147,106 | €139,957 | €127,744 | €121,741 | €146,182 | ▲ 20.1% |
| Amounts payable17/49 | €231,453 | €256,142 | €168,094 | €120,297 | €100,119 | ▼ 16.8% |
| Amounts payable after more than one year17 | €62,195 | €47,113 | €58,103 | €18,384 | €10,109 | ▼ 45.0% |
| Financial debts170/4 | - | €47,113 | €58,103 | €18,384 | €10,109 | ▼ 45.0% |
| Amounts payable within one year42/48 | €169,187 | €209,029 | €109,990 | €101,913 | €90,009 | ▼ 11.7% |
| Current portion of amounts payable after more than one year42 | - | €15,082 | €22,921 | €39,720 | €24,096 | ▼ 39.3% |
| Trade debts44 | €86,808 | €116,615 | €15,267 | €11,200 | €18,717 | ▲ 67.1% |
| Suppliers440/4 | - | €116,615 | €15,267 | €11,200 | €18,717 | ▲ 67.1% |
| Taxes, remuneration and social security45 | - | €1,276 | €1,803 | €5,838 | €6,861 | ▲ 17.5% |
| Taxes450/3 | - | €669 | €238 | €3,770 | €4,351 | ▲ 15.4% |
| Remuneration and social security454/9 | - | €607 | €1,564 | €2,068 | €2,511 | ▲ 21.4% |
| Other amounts payable47/48 | - | €76,055 | €69,999 | €45,155 | €40,334 | ▼ 10.7% |
| Accrued charges and deferred income492/3 | - | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€17,837 | -€7,149 | -€12,212 | -€6,003 | €24,441 | ▲ 507% |
| + Depreciation and write-downs630 | €26,272 | €23,233 | €40,827 | €44,513 | €29,771 | ▼ 33.1% |
| Operating cash flow (approximation) | €8,434 | €16,084 | €28,614 | €38,510 | €54,212 | ▲ 40.8% |
| Investment in fixed assets (approximation) | - | -€22,740 | -€52,347 | -€23,562 | -€34,035 | ▼ 44.5% |
| Change in cash | - | €29,350 | -€117,504 | €87,564 | -€86,566 | ▼ 199% |
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
01-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €24,441
Net result €24,441 after 6 loss-making years.
31-12
Financial
Equity above €150,000Eq €166,642 ▲17.2%
Equity rises from €142,201 to €166,642.
11-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
14-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet -€27,527
Net result drops to -€27,527, the lowest in the series; recovery starts the following year.
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · full 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, Gerpinnes · 1 establishment unit since 2005
Ground area
3,327 m²
Building footprint
153 m²
Volume, LiDAR
751 m³
Parcel 52025A0250/00E000, Wallonia · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MTV Services
since 20052.149.520.097
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52025A0250/00E000 | Wallonia | 3,326 m² | 1 · 153 m² | 7.9 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 8,464 companies in sector 43120 we hold annual accounts for 3,233. 2,639 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 (pre-2019)
Founded10-10-2005
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
41001General construction of residential buildings
42110Construction of roads and motorways
43110Demolition
46630Wholesale trade
46831Wholesale of construction materials, general range
71111Activities of building architects
77320Rental and leasing activities
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0876577419
Registered
05-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.