MV CONCEPT
ActiveSummary
MV CONCEPT has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €29,291 and a net result of -€28,538. Equity is shrinking by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 22% of 2076 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability50▼-50
Solvency46▼-23
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.35 against 0.38 in 2024; short-term debt: 62.8% and cash: 1.2% of total assets), and 78.7% of the assets are financed with debt.
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Signals
Five 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 →
raises risk · 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 2025Solvency, return and age of the figures
Solvency
21.3%
Return on assets
-20.8%
Age of the figures
18 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 2076 sector peers (2025).
NBB · sector comparisonPosition among 2076 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 07-10-2025, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
9 d early
2023
5 d early
2022
on the day
2021
96 d early
2020
9 d late
2019
41 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 24 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 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 22 October (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close30-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€28,538
2024 · €38,284
Working capital
-€56,055▼ 22.1%
2024 · -€45,919
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
Operating result-€8,273▲ 60.4%€6,118-€22,489€44,277-€27,630
Net result-€7,464below the sector's middle half▲ 62.4%€6,603within the sector's middle half-€22,690below the sector's middle half€38,284within the sector's middle half-€28,538below the sector's middle half
Equity€35,632below the sector's middle half▼ 17.3%€42,235below the sector's middle half▲ 18.5%€19,545below the sector's middle half▼ 53.7%€57,829below the sector's middle half▲ 196%€29,291below the sector's middle half▼ 49.3%
Total assets€66,157below the sector's middle half▼ 1.2%€83,971below the sector's middle half▲ 26.9%€102,019below the sector's middle half▲ 21.5%€131,833below the sector's middle half▲ 29.2%€137,292below the sector's middle half▲ 4.1%
Debt€30,525▲ 27.8%€41,736▲ 36.7%€82,474▲ 97.6%€74,004▼ 10.3%€108,001▲ 45.9%
Working capital€23,518within the sector's middle half▼ 34.2%€24,305within the sector's middle half▲ 3.3%-€66,380below the sector's middle half-€45,919below the sector's middle half▲ 30.8%-€56,055below the sector's middle half▼ 22.1%
Solvency53.9%within the sector's middle half▼ 10.5pp50.3%within the sector's middle half▼ 3.6pp19.2%below the sector's middle half▼ 31.1pp43.9%within the sector's middle half▲ 24.7pp21.3%below the sector's middle half▼ 22.5pp
Current ratio1.77within the sector's middle half▼ 0.731.58within the sector's middle half▼ 0.190.20below the sector's middle half▼ 1.390.38below the sector's middle half▲ 0.180.35below the sector's middle half▼ 0.03
Return on assets (ROA)-11.3%below the sector's middle half▲ 18.3pp7.9%within the sector's middle half▲ 19.1pp-22.2%below the sector's middle half▼ 30.1pp29.0%above the sector's middle half▲ 51.3pp-20.8%below the sector's middle half▼ 49.8pp
Staff (FTE)1below 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
The operating result turns negative in 2025: a loss of €27,630 after €44,277 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €137,292
Fixed assets
€107,189 ▲ 3.3%
Current assets
€30,103 ▲ 7.2%
Equity and liabilities €137,292
Equity
€29,291 ▼ 49.3%
Debt
€108,001 ▲ 45.9%
Debt's share of the balance-sheet total rises from 56.1% to 78.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€8,081▼
2024 · €76,911
Cash flow
€7,173▼
2024 · €70,918
Debt to equity
3.69▲
2024 · 1.28
ROE
-97.4%▼
2024 · 66.2%
Interest coverage
8.90▼
2024 · 1025.48
Debt ≤ 1 year
€86,158▲
2024 · €74,004
Debt > 1 year
€21,843
Staff costs
€44,239▲
2024 · €41,157
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,294 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 90% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
6.0%
stopped otherwise
90%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 1,294 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €16,043 | €32,053 | €41,157 | €44,239 | ▲ 7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,606 | €5,072 | €19,778 | €32,634 | €35,711 | ▲ 9.4% |
| Other operating charges640/8 | - | €972 | €347 | €2,079 | €1,290 | ▼ 38.0% |
| Non-recurring operating charges66A | - | - | - | - | €4,474 | - |
| Gross operating margin9900 | -€2,777 | €28,205 | €29,689 | €120,147 | €58,084 | ▼ 51.7% |
| Operating profit (loss)9901 | -€8,273 | €6,118 | -€22,489 | €44,277 | -€27,630 | ▼ 162% |
| Financial income75/76B | - | €592 | €13 | - | - | - |
| Recurring financial income75 | €998 | €592 | €13 | - | - | - |
| Financial charges65/66B | - | €107 | €214 | €75 | €908 | ▲ 1,111% |
| Recurring financial charges65 | €189 | €107 | €214 | €75 | €908 | ▲ 1,111% |
| Profit (loss) for the period before taxes9903 | -€7,464 | €6,603 | -€22,690 | €44,202 | -€28,538 | ▼ 165% |
| Income taxes67/77 | - | - | - | €5,918 | - | - |
| Profit (loss) for the period9904 | -€7,464 | €6,603 | -€22,690 | €38,284 | -€28,538 | ▼ 175% |
| Profit (loss) for the period to be appropriated9905 | -€7,464 | €6,603 | -€22,690 | €38,284 | -€28,538 | ▼ 175% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €66,157 | €83,971 | €102,019 | €131,833 | €137,292 | ▲ 4.1% |
| Fixed assets21/28 | €12,114 | €17,930 | €85,925 | €103,748 | €107,189 | ▲ 3.3% |
| Tangible fixed assets22/27 | €11,895 | €17,711 | €85,706 | €103,529 | €106,970 | ▲ 3.3% |
| Plant, machinery and equipment23 | - | €3,242 | €1,661 | €81 | - | - |
| Furniture and vehicles24 | - | €14,469 | €84,045 | €103,448 | €106,970 | ▲ 3.4% |
| Financial fixed assets28 | €219 | €219 | €219 | €219 | €219 | = |
| Current assets29/58 | €54,043 | €66,041 | €16,094 | €28,085 | €30,103 | ▲ 7.2% |
| Amounts receivable after more than one year29 | - | €6,690 | - | - | - | - |
| Other amounts receivable291 | - | €6,690 | - | - | - | - |
| Amounts receivable within one year40/41 | €22,765 | €56,454 | €9,324 | €17,938 | €28,424 | ▲ 58.5% |
| Trade receivables40 | - | €55,284 | €6,734 | €16,838 | €26,563 | ▲ 57.8% |
| Other amounts receivable41 | - | €1,170 | €2,590 | €1,100 | €1,861 | ▲ 69.2% |
| Cash at bank and in hand54/58 | €7,930 | €2,897 | €6,770 | €10,147 | €1,679 | ▼ 83.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €66,157 | €83,971 | €102,019 | €131,833 | €137,292 | ▲ 4.1% |
| Equity10/15 | €35,632 | €42,235 | €19,545 | €57,829 | €29,291 | ▼ 49.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | - | - | - | - |
| Issued capital100 | - | €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 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €15,172 | €21,775 | -€915 | €37,369 | €8,831 | ▼ 76.4% |
| Amounts payable17/49 | €30,525 | €41,736 | €82,474 | €74,004 | €108,001 | ▲ 45.9% |
| Amounts payable after more than one year17 | - | - | - | - | €21,843 | - |
| Financial debts170/4 | - | - | - | - | €21,843 | - |
| Amounts payable within one year42/48 | €30,525 | €41,736 | €82,474 | €74,004 | €86,158 | ▲ 16.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €7,933 | - |
| Trade debts44 | €14,075 | €20,295 | €56,604 | €29,542 | €25,228 | ▼ 14.6% |
| Suppliers440/4 | - | €20,295 | €56,604 | €29,542 | €25,228 | ▼ 14.6% |
| Advances received on contracts in progress46 | - | €484 | - | - | €1,200 | - |
| Taxes, remuneration and social security45 | - | €20,957 | €12,995 | €15,099 | €12,810 | ▼ 15.2% |
| Taxes450/3 | - | €16,553 | €7,047 | €10,766 | €3,233 | ▼ 70.0% |
| Remuneration and social security454/9 | - | €4,404 | €5,948 | €4,333 | €9,577 | ▲ 121% |
| Other amounts payable47/48 | - | - | €12,875 | €29,363 | €38,987 | ▲ 32.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,464 | €6,603 | -€22,690 | €38,284 | -€28,538 | ▼ 175% |
| + Depreciation and write-downs630 | €2,606 | €5,072 | €19,778 | €32,634 | €35,711 | ▲ 9.4% |
| Operating cash flow (approximation) | -€4,858 | €11,675 | -€2,912 | €70,918 | €7,173 | ▼ 89.9% |
| Investment in fixed assets (approximation) | - | -€10,888 | -€87,773 | -€50,457 | -€39,152 | ▲ 22.4% |
| Change in cash | - | -€5,033 | €3,873 | €3,377 | -€8,468 | ▼ 351% |
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
2025
07-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
31-03
Financial
Weakest financial yearnet -€28,538
Net result drops to -€28,538, the lowest in the series.
2024
22-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
31-03
Financial
Back to profitnet €38,284
Net result €38,284 after one loss-making year.
2023
26-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
31-03
Financial
Back to profitnet €6,603
Net result €6,603 after 2 loss-making years.
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
09-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 9 days late
2019
20-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
28-09
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 5 acts read
About the unread acts
We know of 5 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
5 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, Grimbergen · 1 establishment unit since 2012
Ground area
414 m²
Building footprint
145 m²
Volume, LiDAR
1,152 m³
Parcel 23025I0282/00V000, Flanders · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
MV CONCEPT
since 20122.208.929.332
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23025I0282/00V000 | Flanders | 414 m² | 1 · 144 m² | 11.7 m · 3 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 3,234. 2,208 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
Founded13-04-2012
Fiscal year end31-03
Activities, NACEBEL 2025
43120Site preparation
71121Engineering and related technical consultancy, excluding land surveyors
43230Insulation installation
43240Other construction installation
43910Bricklaying and masonry work
81220Other building cleaning and industrial cleaning
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0845297590
Also
9925:BE0845297590
Registered
11-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.