MV
ActiveSummary
MV has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €285k and a net result of €104k. Equity is growing by ~29.6% per year across the filed fiscal years. Its solvency ranks better than 75% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability98▼-2
Solvency89▼-9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity ample (current ratio 3.42 against 3.38 in 2024; short-term debt: 27.8% and cash: 17.8% of total assets), and 36% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
64%
Return on assets
23.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-09-2026, 35 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 · 9 filingsDeviation from the deadline
2025
35 d late
2024
56 d late
2023
57 d late
2022
31 d late
2021
52 d early
2020
24 d late
2019
60 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
Financials · fiscal year 2025, micro schema
Equity
€285k▲ 11.1%
2024 · €256k
2018: €48klowest in 8 years
2019: €57k▲ +18.3% vs 2018
2020: €79k▲ +37.9% vs 2019
2021: €124k▲ +56.7% vs 2020
2022: €110k▼ -11.5% vs 2021
2023: €163k▲ +48.9% vs 2022
2024: €256k▲ +57.1% vs 2023
2025: €285k▲ +11.1% vs 2024highest in 8 years
2018 → 2025
Total assets
€445k▲ 26.0%
2024 · €353k
2018: €81klowest in 8 years
2019: €91k▲ +12.7% vs 2018
2020: €131k▲ +43.3% vs 2019
2021: €207k▲ +58.4% vs 2020
2022: €196k▼ -5.1% vs 2021
2023: €273k▲ +38.8% vs 2022
2024: €353k▲ +29.4% vs 2023
2025: €445k▲ +26.0% vs 2024highest in 8 years
2018 → 2025
Net result
€104k▲ 11.3%
2024 · €93k
2018: €12k
2019: €9k▼ -23.4% vs 2018lowest in 8 years
2020: €22k▲ +145% vs 2019
2021: €45k▲ +106% vs 2020
2022: €13k▼ -71.0% vs 2021
2023: €54k▲ +312% vs 2022
2024: €93k▲ +73.9% vs 2023
2025: €104k▲ +11.3% vs 2024highest in 8 years
2018 → 2025
Working capital
€298k▲ 30.0%
2024 · €230k
2018: €13klowest in 8 years
2019: €57k▲ +338% vs 2018
2020: €79k▲ +38.3% vs 2019
2021: €124k▲ +57.0% vs 2020
2022: €104k▼ -15.6% vs 2021
2023: €159k▲ +52.4% vs 2022
2024: €230k▲ +44.3% vs 2023
2025: €298k▲ +30.0% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€124k-€110k▼ 11.5%€163k▲ 48.9%€256k▲ 57.1%€285k▲ 11.1%
2021: €124k
2022: €110k▼ -11.5% vs 2021lowest in 5 years
2023: €163k▲ +48.9% vs 2022
2024: €256k▲ +57.1% vs 2023
2025: €285k▲ +11.1% vs 2024highest in 5 years
Operating result€71k-€22k▼ 68.5%€79k▲ 257%€141k▲ 78.0%€153k▲ 8.4%
2021: €71k
2022: €22k▼ -68.5% vs 2021lowest in 5 years
2023: €79k▲ +257% vs 2022
2024: €141k▲ +78.0% vs 2023
2025: €153k▲ +8.4% vs 2024highest in 5 years
Net result€45k-€13k▼ 71.0%€54k▲ 312%€93k▲ 73.9%€104k▲ 11.3%
2021: €45k
2022: €13k▼ -71.0% vs 2021lowest in 5 years
2023: €54k▲ +312% vs 2022
2024: €93k▲ +73.9% vs 2023
2025: €104k▲ +11.3% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 8% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €445k
Fixed assets
€23k ▼ 14.6%
Current assets
€422k ▲ 29.3%
Equity and liabilities €445k
Equity
€285k ▲ 11.1%
Debt
€160k ▲ 65.5%
Debt's share of the balance-sheet total rises from 27.4% to 36.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€161k▲
2024 · €145k
Cash flow
€112k▲
2024 · €97k
Current ratio
3.42▲
2024 · 3.38
Debt to equity
0.56▲
2024 · 0.38
ROE
36.4%▲
2024 · 36.3%
ROA
23.3%▼
2024 · 26.4%
Interest coverage
110.54▼
2024 · 218.72
Debt ≤ 1 year
€123k▲
2024 · €97k
Income taxes
€48k▲
2024 · €48k
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 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€353k€445k▲
Formation expenses20€0€0=
Fixed assets21/28€27k€23k▼
Tangible fixed assets22/27€27k€23k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€21k€19k▼
Other tangible fixed assets26€3k€2k▼
Current assets29/58€326k€422k▲
Amounts receivable after more than one year29€115k€115k=
Other amounts receivable291€115k€115k=
Amounts receivable within one year40/41€173k€224k▲
Trade receivables40€40k€124k▲
Other amounts receivable41€133k€100k▼
Cash at bank and in hand54/58€33k€79k▲
Deferred charges and accrued income490/1€5k€4k▼
Equity and liabilities
Total equity and liabilities10/49€353k€445k▲
Equity10/15€256k€285k▲
Contributions10/11€6k€6k=
Reserves13€236k€265k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€235k€263k▲
Profit (loss) carried forward14€14k€14k▲
Amounts payable17/49€97k€160k▲
Amounts payable within one year42/48€97k€123k▲
Trade debts44€42k€53k▲
Suppliers440/4€42k€53k▲
Taxes, remuneration and social security45€55k€70k▲
Taxes450/3€55k€70k▲
Accrued charges and deferred income492/3-€37k
Income statement
Code20242025
Remuneration, social security and pensions62€2k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€8k▲
Other operating charges640/8€5k€13k▲
Non-recurring operating charges66A-€4k
Gross operating margin9900€152k€178k▲
Operating profit (loss)9901€141k€153k▲
Financial income75/76B€28€16▼
Recurring financial income75€28€16▼
Financial charges65/66B€664€1k▲
Recurring financial charges65€664€1k▲
Profit (loss) for the period before taxes9903€141k€152k▲
Income taxes67/77€48k€48k▲
Profit (loss) for the period9904€93k€104k▲
Profit (loss) for the period to be appropriated9905€93k€104k▲
Appropriation of the result
Profit (loss) to be appropriated9906€107k€118k▲
Profit (loss) brought forward from the previous period14P€14k€14k▲
Transfer from equity791/2-€75k
Transfer to equity691/2€93k€104k▲
To other reserves6921€93k€104k▲
Profit to be distributed694/7-€75k
Return on contributions (dividend)694-€75k
The notes to these accounts (8 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €2k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €108 | €689 | €1k | €4k | €8k | ▲ 106% |
| Other operating charges640/8 | €2k | €4k | €8k | €5k | €13k | ▲ 153% |
| Non-recurring operating charges66A | - | - | - | - | €4k | - |
| Gross operating margin9900 | €73k | €27k | €88k | €152k | €178k | ▲ 17.1% |
| Operating profit (loss)9901 | €71k | €22k | €79k | €141k | €153k | ▲ 8.4% |
| Financial income75/76B | - | - | €125 | €28 | €16 | ▼ 44.1% |
| Recurring financial income75 | - | - | €125 | €28 | €16 | ▼ 44.1% |
| Financial charges65/66B | €380 | €579 | €1k | €664 | €1k | ▲ 119% |
| Recurring financial charges65 | €380 | €579 | €1k | €664 | €1k | ▲ 119% |
| Profit (loss) for the period before taxes9903 | €70k | €22k | €78k | €141k | €152k | ▲ 7.8% |
| Income taxes67/77 | €25k | €9k | €25k | €48k | €48k | ▲ 1.0% |
| Profit (loss) for the period9904 | €45k | €13k | €54k | €93k | €104k | ▲ 11.3% |
| Profit (loss) for the period to be appropriated9905 | €45k | €13k | €54k | €93k | €104k | ▲ 11.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €207k | €196k | €273k | €353k | €445k | ▲ 26.0% |
| Formation expenses20 | - | - | €0 | €0 | €0 | - |
| Fixed assets21/28 | €108 | €5k | €4k | €27k | €23k | ▼ 14.6% |
| Tangible fixed assets22/27 | €108 | €5k | €4k | €27k | €23k | ▼ 14.6% |
| Plant, machinery and equipment23 | €108 | - | €0 | €3k | €2k | ▼ 23.8% |
| Furniture and vehicles24 | - | - | - | €21k | €19k | ▼ 9.6% |
| Other tangible fixed assets26 | - | €5k | €4k | €3k | €2k | ▼ 40.2% |
| Current assets29/58 | €207k | €191k | €269k | €326k | €422k | ▲ 29.3% |
| Amounts receivable after more than one year29 | €115k | €115k | €115k | €115k | €115k | = |
| Other amounts receivable291 | €115k | €115k | €115k | €115k | €115k | = |
| Amounts receivable within one year40/41 | €40k | €61k | €134k | €173k | €224k | ▲ 29.5% |
| Trade receivables40 | €11k | €38k | €56k | €40k | €124k | ▲ 213% |
| Other amounts receivable41 | €29k | €23k | €79k | €133k | €100k | ▼ 25.0% |
| Cash at bank and in hand54/58 | €49k | €13k | €16k | €33k | €79k | ▲ 142% |
| Deferred charges and accrued income490/1 | €2k | €3k | €3k | €5k | €4k | ▼ 33.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €207k | €196k | €273k | €353k | €445k | ▲ 26.0% |
| Equity10/15 | €124k | €110k | €163k | €256k | €285k | ▲ 11.1% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €104k | €90k | €143k | €236k | €265k | ▲ 12.0% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €102k | €88k | €142k | €235k | €263k | ▲ 12.1% |
| Profit (loss) carried forward14 | €14k | €14k | €14k | €14k | €14k | ▲ 0.6% |
| Amounts payable17/49 | €83k | €87k | €110k | €97k | €160k | ▲ 65.5% |
| Amounts payable within one year42/48 | €83k | €87k | €110k | €97k | €123k | ▲ 27.7% |
| Trade debts44 | €11k | €25k | €52k | €42k | €53k | ▲ 26.7% |
| Suppliers440/4 | €11k | €25k | €52k | €42k | €53k | ▲ 26.7% |
| Taxes, remuneration and social security45 | €73k | €62k | €57k | €55k | €70k | ▲ 28.5% |
| Taxes450/3 | €65k | €62k | €57k | €55k | €70k | ▲ 28.5% |
| Remuneration and social security454/9 | €7k | - | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €37k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45k | €13k | €54k | €93k | €104k | ▲ 11.3% |
| + Depreciation and write-downs630 | €108 | €689 | €1k | €4k | €8k | ▲ 106% |
| Operating cash flow (approximation) | €45k | €14k | €55k | €97k | €112k | ▲ 15.0% |
| Investment in fixed assets (approximation) | - | €-6k | €0 | €-26k | €-4k | ▲ 85.0% |
| Change in cash | - | €-36k | €3k | €16k | €46k | ▲ 184% |
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
04-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 35 days late
2025
31-12
Financial
Highest result since 2018net €104k ▲11.3%
Operating result €153k, net result €104k, both a record.
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
2024
31-12
Financial
Equity above €200kEq €256k ▲57.1%
7 profitable years in a row build equity to €256k.
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 57 days late
2023
31-12
Financial
Equity above €150kEq €163k ▲48.9%
6 profitable years in a row build equity to €163k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €124k ▲56.7%
4 profitable years in a row build equity to €124k.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
2019
31-12
Financial
Weakest financial yearnet €9k ▼23.4%
Net result drops to €9k, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 142 days late
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.
Have them read with priority
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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, Zoersel · 1 establishment unit since 2016
Ground area
1,943 m²
Building footprint
136 m²
Volume, LiDAR
837 m³
Parcel 11055D0103/00G002, Flanders · tallest building 18.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MV
since 20162.255.511.702
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11055D0103/00G002 | Flanders | 1,943 m² | 1 · 135 m² | 18.6 m · 1 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 290 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 290 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 5,188 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)
Founded01-06-2016
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.