MV CONSTRUCT
ActiveSummary
MV CONSTRUCT has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €746k and a net result of €34k. Equity is growing by ~13.3% per year across the filed fiscal years. Its solvency ranks better than 72% of 8048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability64▲+6
Solvency92▼-1
Growth52=
Track record94
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 3.28 against 3.43 in 2024; short-term debt: 26.4% and cash: 3.6% of total assets), and 33% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
67%
Return on assets
3.1%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 5 filingsDeviation from the deadline
2025
28 d late
2024
57 d late
2023
61 d late
2022
115 d late
2021
278 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, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€34k▼ 27.3%
2024 · €47k
2021: €141khighest in 5 years
2022: €78k▼ -44.7% vs 2021
2023: €140k▲ +80.0% vs 2022
2024: €47k▼ -66.4% vs 2023
2025: €34k▼ -27.3% vs 2024lowest in 5 years
2021 → 2025
Working capital
€670k▼ 9.3%
2024 · €738k
2021: €460klowest in 5 years
2022: €541k▲ +17.6% vs 2021
2023: €691k▲ +27.9% vs 2022
2024: €738k▲ +6.8% vs 2023highest in 5 years
2025: €670k▼ -9.3% vs 2024
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€487k-€565k▲ 16.0%€705k▲ 24.8%€752k▲ 6.7%€746k▼ 0.8%
2021: €487klowest in 5 years
2022: €565k▲ +16.0% vs 2021
2023: €705k▲ +24.8% vs 2022
2024: €752k▲ +6.7% vs 2023highest in 5 years
2025: €746k▼ -0.8% vs 2024
Operating result€154k-€115k▼ 25.3%€195k▲ 69.1%€82k▼ 57.9%€68k▼ 17.5%
2021: €154k
2022: €115k▼ -25.3% vs 2021
2023: €195k▲ +69.1% vs 2022highest in 5 years
2024: €82k▼ -57.9% vs 2023
2025: €68k▼ -17.5% vs 2024lowest in 5 years
Net result€141k-€78k▼ 44.7%€140k▲ 80.0%€47k▼ 66.4%€34k▼ 27.3%
2021: €141khighest in 5 years
2022: €78k▼ -44.7% vs 2021
2023: €140k▲ +80.0% vs 2022
2024: €47k▼ -66.4% vs 2023
2025: €34k▼ -27.3% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 17% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.11M
Fixed assets
€150k ▲ 123%
Current assets
€963k ▼ 7.6%
Equity and liabilities €1.11M
Equity
€746k ▼ 0.8%
Debt
€367k ▲ 2.8%
Debt's share of the balance-sheet total rises from 32.2% to 33.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€86k▼
2024 · €104k
Cash flow
€52k▼
2024 · €69k
Current ratio
3.28▼
2024 · 3.43
Quick ratio
0.64▼
2024 · 0.79
Debt to equity
0.49▲
2024 · 0.48
ROE
4.6%▼
2024 · 6.3%
ROA
3.1%▼
2024 · 4.3%
Interest coverage
4.99▲
2024 · 4.11
Debt ≤ 1 year
€294k▼
2024 · €303k
Debt > 1 year
€74k▲
2024 · €54k
Income taxes
€33k▲
2024 · €27k
Staff costs
€237k▲
2024 · €202k
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 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.11M€1.11M▲
Fixed assets21/28€67k€150k▲
Tangible fixed assets22/27€67k€150k▲
Plant, machinery and equipment23€23k€118k▲
Furniture and vehicles24€44k€32k▼
Current assets29/58€1.04M€963k▼
Stocks and contracts in progress3€803k€777k▼
Stocks30/36€803k€777k▼
Amounts receivable within one year40/41€158k€146k▼
Trade receivables40€39k€27k▼
Other amounts receivable41€119k€119k=
Cash at bank and in hand54/58€81k€40k▼
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€1.11M€1.11M▲
Equity10/15€752k€746k▼
Contributions10/11€69k€69k=
Capital10€69k€69k=
Issued capital100€69k€69k=
Reserves13€60k€60k=
Tax-exempt reserves132€60k€60k=
Profit (loss) carried forward14€623k€617k▼
Amounts payable17/49€357k€367k▲
Amounts payable after more than one year17€54k€74k▲
Financial debts170/4€54k€74k▲
Amounts payable within one year42/48€303k€294k▼
Current portion of amounts payable after more than one year42€31k€17k▼
Financial debts43€170k€70k▼
Credit institutions430/8€170k€70k▼
Trade debts44€59k€90k▲
Suppliers440/4€59k€90k▲
Taxes, remuneration and social security45€43k€89k▲
Taxes450/3€12k€46k▲
Remuneration and social security454/9€31k€43k▲
Other amounts payable47/48€525€29k▲
Income statement
Code20242025
Remuneration, social security and pensions62€202k€237k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€18k▼
Other operating charges640/8€16k€1k▼
Non-recurring operating charges66A€432€1k▲
Gross operating margin9900€323k€325k▲
Operating profit (loss)9901€82k€68k▼
Financial income75/76B€17k€17k▼
Recurring financial income75€17k€17k▼
Financial charges65/66B€25k€17k▼
Recurring financial charges65€25k€17k▼
Profit (loss) for the period before taxes9903€74k€67k▼
Income taxes67/77€27k€33k▲
Profit (loss) for the period9904€47k€34k▼
Profit (loss) for the period to be appropriated9905€47k€34k▼
Appropriation of the result
Profit (loss) to be appropriated9906€663k€657k▼
Profit (loss) brought forward from the previous period14P€616k€623k▲
Transfer to equity691/2€40k-
To other reserves6921€40k-
Profit to be distributed694/7-€40k
Return on contributions (dividend)694-€40k
The notes to these accounts (5 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 | €197k | €212k | €226k | €202k | €237k | ▲ 16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23k | €24k | €22k | €22k | €18k | ▼ 17.4% |
| Other operating charges640/8 | €1k | €2k | €730 | €16k | €1k | ▼ 93.7% |
| Non-recurring operating charges66A | €0 | €0 | - | €432 | €1k | ▲ 217% |
| Gross operating margin9900 | €376k | €353k | €444k | €323k | €325k | ▲ 0.5% |
| Operating profit (loss)9901 | €154k | €115k | €195k | €82k | €68k | ▼ 17.5% |
| Financial income75/76B | €17k | €19k | €17k | €17k | €17k | ▼ 2.0% |
| Recurring financial income75 | €17k | €19k | €17k | €17k | €17k | ▼ 2.0% |
| Financial charges65/66B | €23k | €23k | €20k | €25k | €17k | ▼ 32.1% |
| Recurring financial charges65 | €23k | €23k | €20k | €25k | €17k | ▼ 32.1% |
| Profit (loss) for the period before taxes9903 | €148k | €111k | €191k | €74k | €67k | ▼ 8.9% |
| Income taxes67/77 | €7k | €33k | €51k | €27k | €33k | ▲ 23.7% |
| Profit (loss) for the period9904 | €141k | €78k | €140k | €47k | €34k | ▼ 27.3% |
| Transfer from tax-exempt reserves789 | €277k | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €418k | €78k | €140k | €47k | €34k | ▼ 27.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €887k | €957k | €978k | €1.11M | €1.11M | ▲ 0.4% |
| Fixed assets21/28 | €53k | €36k | €24k | €67k | €150k | ▲ 123% |
| Tangible fixed assets22/27 | €53k | €36k | €24k | €67k | €150k | ▲ 123% |
| Plant, machinery and equipment23 | - | - | - | €23k | €118k | ▲ 413% |
| Furniture and vehicles24 | €53k | €36k | €24k | €44k | €32k | ▼ 27.6% |
| Current assets29/58 | €834k | €921k | €954k | €1.04M | €963k | ▼ 7.6% |
| Stocks and contracts in progress3 | €611k | €627k | €684k | €803k | €777k | ▼ 3.3% |
| Stocks30/36 | €611k | €627k | €684k | €803k | €777k | ▼ 3.3% |
| Amounts receivable within one year40/41 | €160k | €195k | €117k | €158k | €146k | ▼ 7.3% |
| Trade receivables40 | €12k | €20k | €30k | €39k | €27k | ▼ 29.8% |
| Other amounts receivable41 | €148k | €175k | €87k | €119k | €119k | = |
| Cash at bank and in hand54/58 | €62k | €99k | €152k | €81k | €40k | ▼ 50.3% |
| Deferred charges and accrued income490/1 | - | - | - | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €887k | €957k | €978k | €1.11M | €1.11M | ▲ 0.4% |
| Equity10/15 | €487k | €565k | €705k | €752k | €746k | ▼ 0.8% |
| Contributions10/11 | €69k | €69k | €69k | €69k | €69k | = |
| Capital10 | €69k | €69k | €69k | €69k | €69k | = |
| Issued capital100 | €69k | €69k | €69k | €69k | €69k | = |
| Reserves13 | - | - | €20k | €60k | €60k | = |
| Tax-exempt reserves132 | - | - | €20k | €60k | €60k | = |
| Profit (loss) carried forward14 | €418k | €495k | €616k | €623k | €617k | ▼ 0.9% |
| Amounts payable17/49 | €400k | €393k | €273k | €357k | €367k | ▲ 2.8% |
| Amounts payable after more than one year17 | €26k | €12k | €11k | €54k | €74k | ▲ 36.9% |
| Financial debts170/4 | €26k | €12k | €11k | €54k | €74k | ▲ 36.9% |
| Amounts payable within one year42/48 | €374k | €381k | €263k | €303k | €294k | ▼ 3.3% |
| Current portion of amounts payable after more than one year42 | €14k | €14k | €25k | €31k | €17k | ▼ 45.4% |
| Financial debts43 | €250k | €200k | €130k | €170k | €70k | ▼ 58.8% |
| Credit institutions430/8 | €250k | €200k | €130k | €170k | €70k | ▼ 58.8% |
| Trade debts44 | €9k | €48k | €56k | €59k | €90k | ▲ 52.6% |
| Suppliers440/4 | €9k | €48k | €56k | €59k | €90k | ▲ 52.6% |
| Taxes, remuneration and social security45 | €73k | €80k | €52k | €43k | €89k | ▲ 105% |
| Taxes450/3 | €11k | €44k | €20k | €12k | €46k | ▲ 291% |
| Remuneration and social security454/9 | €62k | €36k | €31k | €31k | €43k | ▲ 36.1% |
| Other amounts payable47/48 | €28k | €38k | €0 | €525 | €29k | ▲ 5,333% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €141k | €78k | €140k | €47k | €34k | ▼ 27.3% |
| + Depreciation and write-downs630 | €23k | €24k | €22k | €22k | €18k | ▼ 17.4% |
| Operating cash flow (approximation) | €164k | €102k | €163k | €69k | €52k | ▼ 24.2% |
| Investment in fixed assets (approximation) | - | €-6k | €-11k | €-65k | €-101k | ▼ 55.2% |
| Change in cash | - | €36k | €53k | €-71k | €-41k | ▲ 42.9% |
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 · abbreviated schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet €34k ▼27.3%
Net result drops to €34k, the lowest in the series.
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 57 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 61 days late
2023
23-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 115 days late
05-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 278 days late
2022
31-12
Financial
Equity above €500kEq €565k ▲16%
2 profitable years in a row build equity to €565k.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Fernelmont · 1 establishment unit since 2021
Ground area
4,990 m²
Building footprint
120 m²
Parcel 92047B0326/00A000, Wallonia. Linked by address, not a title deed.
1 establishment unit
MV CONSTRUCT
since 20212.315.454.633
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92047B0326/00A000 | Wallonia | 4,990 m² | 1 · 120 m² | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteFernelmont2.315.454.633
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Of 1,805 companies in sector 46831 we hold annual accounts for 1,397. 1,022 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
Founded31-03-2021
Fiscal year end31-12
Activities, NACEBEL 2025
46831Wholesale of construction materials, general range
47521Retail sale of hardware, building materials, paint and glass (general range)
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
Scores and ratios are computed by Checked and are not a credit decision.