Equity
-€6,399
Debts exceed assets in financial year 2025.
MV CONSTRUCT
Overview
Lifetime
2 annual accounts with figures on one time axispeak €21,783 (2025)
€21,783▲ €44,923
lowest -€26,609 (2024)
€15,210▲ €41,819
peak -€6,399 (2025)
-€6,399▲ €15,210
€87,361▲ 64.2%
Board1 name since 2023
1 director
Documentsfilings and deeds
31-01-2026on the last day
2025micro format
Gross margin from -€23,140 to €21,783Back to profit: €15,210Equity from -€21,609 to -€6,399Debts from €53,206 to €87,361Cash from €1,749 to €7,426
Key points
from the 2025 annual accountsTurnover
≈ €260,000 estimated
The micro format states no turnover.
Debts
€87,361 108% of the balance sheet
Suppliers 21%Taxes and wages 1%Other 79%
Investments
€26,646 5.6 × depreciation
Green is investment, beige is depreciation.
Starting capital
€5,000 100 shares
Position in the sector
-€6,399
Less equity than 90% of companies in construction of buildings. Sector median €45,781 · 10,155 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 1,017 companies had the same profile as MV CONSTRUCT has now. Each dot stands for 3 companies, two years later.
89.2%
were still trading
4.0%
stopped another way
6.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,017 companies, not a prediction for MV CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0803298471
Incorporation
Founding capital of €5,000, 100 shares · Founder: · Appointment: (director) · published on 30-06-2023 · Gazette deed
First establishment
Knobbelstraat 57, Avelgem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MV CONSTRUCT Avelgem | €80,963 | €21,783 | -7.9% | - |
| Art-X Bruges | €68,169 | €23,449 | 32.7% | - |
| DELAERE JOHAN Bredene | €104,908 | €24,954 | 28.4% | - |
| DECO PRO & FILS Beersel | €85,545 | €22,811 | 76.6% | - |
| BP Investments Heusden-Zolder | €68,857 | €23,980 | 54.8% | - |
| Con Creet Beveren-Kruibeke-Zwijndrecht | €71,269 | €18,287 | 7.5% | - |
| BELGAMO Dilbeek | €85,775 | €24,881 | 48.5% | - |
These companies have the same main activity as MV CONSTRUCT: general construction of other non-residential buildings (NACE 41003). They are comparable in size and age: total assets between €68,200 and €105,000, founded between 2022 and 2024.
Official details
Source: KBO- Status
- Active since 28-06-2023Normal situation
- Activity
- General construction of other non-residential buildingsNACE 41003and 3 others
- Establishment unit
- 2.347.027.5398580 Avelgem, since 28-06-2023
- Financial year end
- 30 June
- Peppol
- Reachable since 28-07-2024
Annual accounts to 30-06-2025
- €21,783
- €15,210
- -€6,399▲ 70.4%
- €80,963▲ 156%
- Filing
- Filed on 31-01-2026, on the last day of the filing period
Insights on MV CONSTRUCT
The 2025 annual accounts show negative equity (-€6,399) and a net result of €15,210. Its solvency ranks better than 10% of 10,152 sector peers (NACE 41, financial year 2025).
The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 31-01-2026, on the day of the deadline€21,783
▲ €44,923
€15,394
▲ €41,860
€15,210
▲ €41,819
-€28,329
▼ €6,720
-7.9%
▲ 60.5 percentage points
0.68
▲ 0.08
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €260,000. Estimated: probably between €140,000 and €490,000.
Balance sheet
balance sheet total €80,963 on 30-06-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
-7.9%
Higher than 10% of 10,152 companies in 2025.
0.68
Higher than 12% of 9,863 companies in 2025.
18.8%
Higher than 73% of 9,951 companies in 2025.
MV CONSTRUCT
Middle half of the sector
80% of the sector
Micro accounts in construction of buildings (NACE 41)
Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
80,963 | 31,597 | |
20 |
0 | - | |
21/28 |
21,930 | - | |
22/27 |
21,930 | - | |
24 |
21,930 | - | |
29/58 |
59,033 | 31,597 | |
40/41 |
51,607 | 29,848 | |
40 |
48,096 | 26,501 | |
41 |
3,510 | 3,347 | |
54/58 |
7,426 | 1,749 | |
| Balance sheet: equity and liabilities | |||
10/49 |
80,963 | 31,597 | |
10/15 |
-6,399 | -21,609 | |
10/11 |
5,000 | 5,000 | |
14 |
-11,399 | -26,609 | |
17/49 |
87,361 | 53,206 | |
42/48 |
87,361 | 53,206 | |
44 |
17,990 | 10,964 | |
440/4 |
17,990 | 10,964 | |
45 |
474 | 560 | |
450/3 |
474 | 560 | |
47/48 |
68,898 | 41,681 | |
| Income statement | |||
9900 |
21,783 | -23,140 | |
62 |
96 | 51 | |
630 |
4,716 | 2,524 | |
640/8 |
1,577 | 752 | |
9901 |
15,394 | -26,466 | |
65/66B |
184 | 142 | |
65 |
184 | 142 | |
9903 |
15,210 | -26,609 | |
9904 |
15,210 | -26,609 | |
9905 |
15,210 | -26,609 | |
| Appropriation of the result | |||
9906 |
-11,399 | -26,609 | |
14P |
-26,609 | - | |
| Document | |||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 31-01-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 20,110 | -23,942 | ||
| 19,926 | -24,085 | ||
| 26,646 | - | ||
| 5,677 | - | ||
| -28,329 | -21,609 | ||
| -7.9% | -68.4% | ||
| 0.68 | 0.59 | ||
| 18.8% | -84.2% | ||
| over 100 | -168.24 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 30-06-2025 | 30-06-2024 |
|---|---|---|
| Tangible fixed assets | €26,646 | - |
| €4,716 | €2,524 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on MV CONSTRUCT
The operating result for 2025 is a profit of €15,394, after a loss of €26,466 in 2024.
Equity is negative. Debt (€87,361) exceeds the balance-sheet total (€80,963).
Board & ownership
Board
1 director, since incorporation- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 30-06-2023
Mandates through the years
1 name, the dashed line is todayDirector
Board
Mandates as a list
-
- Director, appointed by deed of 30-06-2023, still in office
Control
Founder
This company
MV CONSTRUCT
Equity -€6,399
Profit €15,210 in 2025
Capital
- Contribution
- €5,000
- Shares
- 100
- Contribution per share
- €50
- Equity per share
- -€63.99 in 2025
- Source
- deed of 30-06-2023
Articles of association
deed of 30-06-2023 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Monday of December at 11:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
At incorporation
deed of 30-06-2023 ↗
- 100 shares (100%) · €5,000 in cash
Network & group
No group
MV CONSTRUCT has no parent and no holdings in its annual accounts. is the only director.
Earlier ties
via , no longer at · Manager · deed of 05-12-2018 Open bankruptcy · founded in 2015 |
turnover €12,820 (2018) |
Connections & network
2 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
via · Statutory director · deed of 10-04-2024
Open bankruptcy · founded in 2016 · total assets €231,584 (2025)
via · Director · deed of 18-10-2024
Founded in 2011
Timeline
Timeline
6 events since 2023Filings
Financial
Establishments
2023202420252026
Deadline for the 2026 accounts: 31-01-2027
2026
Annual accounts 2025 filed PDFmicro format · on the deadline day
2025
Back to profit net €15,210 The net result is €15,210, after one loss-making year.
Annual accounts 2024 filed PDFmicro format · 3 days late
2024
Registered in the Peppol Directory Reachable for e-invoices through 0208:0803298471
2023
IncorporationFounding capital of €5,000, 100 shares · Founder: · Appointment: (director) · published on 30-06-20235 points ▸
- Founder,
- Founding capital, €5,000, 100 shares
- Registered office clause, Knobbelstraat 57, 8580 Avelgem
- Board rule, 1
- Director appointment,
- The deed holds 4 more points.
First establishment Knobbelstraat 57, Avelgem
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0803.298.471
- VAT number
- BE 0803.298.471
- Peppol ID
- 0208:0803298471
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 28-06-2023
- Financial year
- ends on 30 June
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Monday of December at 11:00deed of 30-06-2023 (in Dutch)
- Peppol
- Reachable since 28-07-2024Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- MV CONSTRUCT in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 30-06-2023 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 30-06-2023 (in Dutch)
Activities
NACEBEL 2025VAT activities
41003
General construction of other non-residential buildings main activity
43230
Insulation installation
Social security (RSZ) activities
43120
Site preparation main activity
Codes under NACEBEL 2008
41203
Construction of residential and non-residential buildings main activity
43211
Specialised construction activities
43291
Specialised construction activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Vervaardiging van speciale winkelmeubels, toonbanken, vitrines, rekken, enz., overwegend van andere materialen dan metaal; Vervaardiging van…”deed of 30-06-2023 (in Dutch)
66 activities
- Vervaardiging van speciale winkelmeubels, toonbanken, vitrines, rekken, enz., overwegend van andere materialen dan metaal;
- Vervaardiging van meubels voor werkplaatsen, kantoormeubels, meubels voor restaurants, scholen, enz. overwegend van andere materialen dan metaal;
- Vervaardiging van meubels en modulaire meubelelementen voor inbouwkeukens;
- Vervaardiging van badkamermeubels;
- Vervaardiging van wandkasten, speciale TV-meubels, bijzetmeubels, enz.
- Installatie van elektrische bedrading en toebehoren;
- Isolatiewerkzaamheden;
- Aanbrengen in gebouwen en andere bouwwerken van : - thermische isolatiemateriaal - isolatiemateriaal tegen geluid en trillingen;
- Schrijnwerk;
- Montage van buiten- en binnenschrijnwerk van hout of van kunststof : deuren, vensters, kozijnen, trappen, muurkasten, inbouwkeukens, winkelinrichtingen, enz.;
- Installatie van al dan niet verplaatsbare tussenwanden, bekleding van wanden, plafonds, enz. in hout of kunststof;
- Installatie van garagepoorten, luiken, zonneblinden, traliewerk, hekken, enz., in hout of kunststof;
- Installatie van geblindeerde deuren en brandwerende deuren in hout of kunststof;
- Montage van serres, veranda's, enz., in hout of kunststof;
- Montage van buiten- en binnenschrijnwerk in metaal : deuren, vensters, kozijnen, trappen, muurkasten, inbouwkeukens, winkelinrichtingen, enz.;
- Installatie van al dan niet verplaatsbare tussenwanden, de bekleding van wanden, plafonds, enz., in metaal;
- Installatie van garagepoorten, luiken, zonneblinden, traliewerk, hekken, enz., in metaal;
- Installatie van geblindeerde deuren en brandwerende deuren in metaal;
- Montage van serres, veranda's enz. in metaal;
- Montage van buiten- en binnenschrijnwerk van kunststof;
- Installatie van binnendeuren, scheidingswanden enz. van glas;
- Plaatsen van tussenwanden van gipsplaten;
- Plaatsen van vloerbedekking en wandbekleding van hout;
- Dakwerkzaamheden;
- Bouw van daken;
- Monteren van niet-zelfvervaardigde metalen constructiewerken;
- Handelsbemiddeling in hout en bouwmaterialen;
- Managementsactiviteiten van holdings : tussenkomen in het dagelijks bestuur, vertegenwoordigen van bedrijven op grond van bezit van of controle over het maatschappelijk kapitaal, enz.;
- Verlenen van adviezen en hulp aan het bedrijfsleven en de overheid op het gebied van planning, organisatie, efficientie en toezicht, het verschaffen van informatie aan de bedrijfsleiding, enz.;
- Overige zakelijke dienstverlening, n.e.g.;
- Elektrotechnische installatiewerken aan gebouwen;
- Elektrotechnische installatiewerken, uitgezonderd aan gebouwen;
- Vervaardiging van geassembleerde parketvloeren;
- Vervaardiging van ander schrijn- en timmerwerk;
- Ontwikkeling van residentiele bouwprojecten;
- Ontwikkeling van niet-residentiele bouwprojecten;
- Algemene bouw van residentiele gebouwen;
- Optrekken van de ruwbouw van individuele huizen;
- Optrekken van de ruwbouw van gebouwen;
- Algemene coordinatiewerkzaamheden bouwwerf;
- Algemene bouw van andere niet-residentiele gebouwen;
- Montage van hangars, loodsen, schuren, silo's enz. voor landbouwdoeleinden;
- Slopen;
- Slopen van gebouwen en andere bouwwerken;
- Bouwrijp maken van terreinen;
- Installatie van de bedrading voor telefooninstallaties en computersystemen;
- Installatie van bewakingssystemen en alarminstallaties tegen diefstal;
- Loodgieterswerk;
- Install. in gebouwen en andere bouwwerken van : loodgieterswerk en sanitaire app., gasleidingen en aansluitingen m.u.v. gasleidingen voor verwarmingssyst., waterleidingen, brandblusinstall., enz.;
- Installatie van verwarming, klimaatregeling en ventilatie;
- Installatie van elektrische verwarmingsinstallaties;
- Overige installaties (inclusief accessoires), n.e.g.;
- Aanbrengen van pleister- en stukadoorswerk (inclusief het aanbrengen van een hechtgrond) aan de binnen- of buitenzijde van gebouwen en andere bouwwerken;
- Plaatsen van vloer- en wandtegels;
- Plaatsen van behang en vloerbedekking en wandbekleding van andere materialen;
- Schilderen van gebouwen;
- Schilderen van het binnen- en buitenwerk van gebouwen;
- Schilderen van metalen constructies;
- Overige werkzaamheden in verband met de afwerking van gebouwen;
- Reinigen van nieuwe gebouwen na beeindiging van de bouwwerkzaamheden
- Gevelreiniging;
- Gevelreiniging door middel van zandstralen, met behulp van stoom, enz.;
- Uitvoeren van metsel- en voegwerken;
- Uitvoeren van metselwerk;
- Overige gespecialiseerde bouwwerkzaamheden.
- 43.39002 - Overige werkzaamheden in verband met de afwerking van gebouwen, n.e.g
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Knobbelstraat 57 registered office 8580 Avelgem | 28-06-2023 | 2.347.027.539 |
Buildings and parcels at the address
- Ground area
- 362 m²
- Buildings
- 78 m²
- Volume, LiDAR
- 402 m³
- Tallest building
- 7.1 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 34003A2039/00P000 | 362 m² | 1 · 78 m² | 7.1 m · 2 |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0803.298.471