MV CONSTRUCT
ActiveSummary
MV CONSTRUCT has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.0m and a net result of -€44,569. Equity remains stable across the filed financial years (±1.3% per year). Its solvency ranks better than 45% of 39,068 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Financials · financial year 2025, micro format
Equity
€7.0m▼ 0.6%
2024 · €7.1m
Total assets
€13.9m▼ 2.7%
2024 · €14.2m
Net result
-€44,569▲ 85.2%
2024 · -€301,402
Working capital
€89,015▼ 98.3%
2024 · €5.2m
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result stays negative: a loss of €59,626 in 2025 against €128,265 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.06m
2025
Net result-€0.04m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€13.9m
2025
Equity€7.0m
2025
Debt€6.9m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.09m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-0.3%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency50.6%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.01
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€0.2m-€0.1m€0.04m▼ 57.6%-€0.09m-€0.08m▲ 7.7%-€0.1m▼ 55.6%-€0.06m▲ 53.5%
Net result-€0.2m-€0.03mwithin the sector's middle half€0.3mabove the sector's middle half▲ 829%-€0.1mbelow the sector's middle half-€0.3mbelow the sector's middle half▼ 97.2%-€0.3mbelow the sector's middle half▼ 4.2%-€0.04mbelow the sector's middle half▲ 85.2%
Equity€6.4m-€6.5mabove the sector's middle half▲ 0.5%€6.8mabove the sector's middle half▲ 4.8%€6.6mabove the sector's middle half▼ 2.2%€6.6mabove the sector's middle half▼ 0.7%€7.1mabove the sector's middle half▲ 7.1%€7.0mabove the sector's middle half▼ 0.6%
Total assets€8.9m-€9.0mabove the sector's middle half▲ 1.5%€14.9mabove the sector's middle half▲ 65.4%€14.4mabove the sector's middle half▼ 3.3%€14.1mabove the sector's middle half▼ 2.1%€14.2mabove the sector's middle half▲ 1.2%€13.9mabove the sector's middle half▼ 2.7%
Debt€2.4m-€2.5m▲ 4.3%€8.1m▲ 221%€7.7m▼ 4.3%€7.5m▼ 3.2%€7.2m▼ 4.0%€6.9m▼ 4.8%
Working capital€0.8m-€0.6mabove the sector's middle half▼ 28.0%€0.6mabove the sector's middle half▲ 10.8%€1.4mabove the sector's middle half▲ 123%€0.4mabove the sector's middle half▼ 70.2%€5.2mabove the sector's middle half▲ 1,194%€0.09mwithin the sector's middle half▼ 98.3%
Solvency72.7%-71.9%within the sector's middle half▼ 0.7pp45.6%within the sector's middle half▼ 26.4pp46.1%within the sector's middle half▲ 0.6pp46.8%within the sector's middle half▲ 0.6pp49.5%within the sector's middle half▲ 2.7pp50.6%within the sector's middle half▲ 1.1pp
Current ratio1.56-1.33within the sector's middle half▼ 0.231.30within the sector's middle half▼ 0.031.69within the sector's middle half▲ 0.391.20within the sector's middle half▼ 0.493.59within the sector's middle half▲ 2.381.01below the sector's middle half▼ 2.57
Return on assets (ROA)-2.5%-0.4%below the sector's middle half▲ 2.8pp2.1%within the sector's middle half▲ 1.7pp-1.0%below the sector's middle half▼ 3.1pp-2.1%below the sector's middle half▼ 1.0pp-2.1%below the sector's middle half▼ 0.1pp-0.3%below the sector's middle half▲ 1.8pp
above
within
below
the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13.9m
Fixed assets
€7.1m ▲ 1.9%
Current assets
€6.8m ▼ 7.2%
Equity and liabilities €13.9m
Equity
€7.0m ▼ 0.6%
Debt
€6.9m ▼ 4.8%
Debt's share of the balance-sheet total falls from 50.5% to 49.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€45,295▲
2024 · -€113,998
Cash flow
-€30,239▲
2024 · -€287,135
Quick ratio
1.00▼
2024 · 3.55
Debt to equity
0.98▼
2024 · 1.02
ROE
-0.6%▲
2024 · -4.3%
Interest coverage
-0.16▲
2024 · -0.27
Debt ≤ 1 year
€6.7m▲
2024 · €2.0m
Debt > 1 year
€79,403▼
2024 · €5.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,429 | €15,464 | €10,795 | €15,398 | €17,587 | €14,267 | €14,330 | ▲ 0.4% |
| Other operating charges640/8 | - | - | - | €7,938 | €8,840 | €1,031 | €1,060 | ▲ 2.8% |
| Gross operating margin9900 | €100,216 | €112,968 | €53,002 | -€65,974 | -€55,998 | -€112,967 | -€44,236 | ▲ 60.8% |
| Operating profit (loss)9901 | -€165,139 | €97,444 | €41,279 | -€89,310 | -€82,425 | -€128,265 | -€59,626 | ▲ 53.5% |
| Financial income75/76B | - | - | - | €426,182 | €418,408 | €271,338 | €301,041 | ▲ 10.9% |
| Recurring financial income75 | €27,398 | €24,753 | €811,133 | €426,182 | €418,408 | €271,338 | €301,041 | ▲ 10.9% |
| Non-recurring financial income76B | - | - | - | €0 | - | - | - | - |
| Financial charges65/66B | - | - | - | €484,050 | €612,037 | €414,561 | €285,984 | ▼ 31.0% |
| Recurring financial charges65 | €63,454 | €71,536 | €383,460 | €484,050 | €612,037 | €414,561 | €285,984 | ▼ 31.0% |
| Profit (loss) for the period before taxes9903 | -€201,195 | €50,661 | €468,452 | -€147,178 | -€276,053 | -€271,488 | -€44,569 | ▲ 83.6% |
| Income taxes67/77 | €16,127 | €17,420 | €159,479 | -€570 | €13,105 | €29,914 | - | - |
| Profit (loss) for the period9904 | -€217,323 | €33,241 | €308,973 | -€146,608 | -€289,159 | -€301,402 | -€44,569 | ▲ 85.2% |
| Profit (loss) for the period to be appropriated9905 | -€217,323 | €33,241 | €308,973 | -€146,608 | -€289,159 | -€301,402 | -€44,569 | ▲ 85.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €8.9m | €9.0m | €14.9m | €14.4m | €14.1m | €14.2m | €13.9m | ▼ 2.7% |
| Fixed assets21/28 | €6.7m | €6.8m | €12.3m | €11.1m | €11.7m | €7.0m | €7.1m | ▲ 1.9% |
| Intangible fixed assets21 | €0.003m | €0.004m | €0.006m | €0.003m | €0.001m | - | - | - |
| Tangible fixed assets22/27 | €0.03m | €0.01m | €0.04m | €0.04m | €0.03m | €0.02m | €0.01m | ▼ 45.0% |
| Plant, machinery and equipment23 | - | - | - | €0.001m | €0.001m | €202 | - | - |
| Furniture and vehicles24 | - | - | - | €0.002m | €0.002m | €0.001m | - | - |
| Other tangible fixed assets26 | - | - | - | €0.04m | €0.03m | €0.02m | €0.01m | ▼ 42.7% |
| Financial fixed assets28 | €6.7m | €6.8m | €12.2m | €11.0m | €11.7m | €6.9m | €7.1m | ▲ 2.1% |
| Current assets29/58 | €2.1m | €2.2m | €2.6m | €3.3m | €2.4m | €7.3m | €6.8m | ▼ 7.2% |
| Stocks and contracts in progress3 | - | - | - | - | - | €0.08m | €0.08m | ▲ 4.3% |
| Stocks30/36 | - | - | - | - | - | €0.08m | €0.08m | ▲ 4.3% |
| Amounts receivable within one year40/41 | €2.1m | €2.2m | €2.3m | €2.3m | €2.4m | €2.4m | €2.4m | ▼ 0.6% |
| Trade receivables40 | - | - | - | €0.01m | €0.06m | €0.05m | €0.1m | ▲ 135% |
| Other amounts receivable41 | - | - | - | €2.3m | €2.3m | €2.4m | €2.3m | ▼ 3.3% |
| Current investments50/53 | - | - | - | - | - | €4.1m | €4.2m | ▲ 3.0% |
| Cash at bank and in hand54/58 | €0.02m | €0.003m | €0.3m | €1.0m | €0.03m | €0.7m | €0.05m | ▼ 93.2% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €0.01m | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €8.9m | €9.0m | €14.9m | €14.4m | €14.1m | €14.2m | €13.9m | ▼ 2.7% |
| Equity10/15 | €6.4m | €6.5m | €6.8m | €6.6m | €6.6m | €7.1m | €7.0m | ▼ 0.6% |
| Contributions10/11 | €1.7m | €1.7m | - | €1.7m | €1.7m | €1.7m | €1.7m | = |
| Revaluation surpluses12 | - | - | - | €1.2m | €1.4m | €2.2m | €2.2m | = |
| Reserves13 | €3.6m | €3.6m | €3.6m | €3.6m | €3.6m | €3.6m | €3.1m | ▼ 13.9% |
| Non-distributable reserves130/1 | - | - | - | €0.1m | €0.1m | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.1m | €0.1m | - | - | - |
| Distributable reserves133 | - | - | - | €3.5m | €3.5m | €3.6m | €3.1m | ▼ 13.9% |
| Profit (loss) carried forward14 | -€0.07m | -€0.04m | €0.3m | €0.1m | -€0.2m | -€0.5m | -€0.008m | ▲ 98.3% |
| Amounts payable17/49 | €2.4m | €2.5m | €8.1m | €7.7m | €7.5m | €7.2m | €6.9m | ▼ 4.8% |
| Amounts payable after more than one year17 | €1.1m | €0.9m | €6.0m | €5.7m | €5.5m | €5.2m | €0.08m | ▼ 98.5% |
| Financial debts170/4 | - | - | - | €5.7m | €5.5m | €5.2m | €0.08m | ▼ 98.5% |
| Amounts payable within one year42/48 | €1.4m | €1.7m | €2.0m | €2.0m | €2.0m | €2.0m | €6.7m | ▲ 229% |
| Current portion of amounts payable after more than one year42 | - | - | - | €1.3m | €1.3m | €1.3m | €6.1m | ▲ 369% |
| Trade debts44 | €0.02m | €0.01m | €0.04m | €0.03m | €0.03m | €0.06m | €0.08m | ▲ 37.3% |
| Suppliers440/4 | - | - | - | €0.03m | €0.03m | €0.06m | €0.08m | ▲ 37.3% |
| Taxes, remuneration and social security45 | - | - | - | €0.06m | €0.003m | - | - | - |
| Taxes450/3 | - | - | - | €0.06m | €0.003m | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.6m | €0.7m | €0.7m | €0.5m | ▼ 24.9% |
| Accrued charges and deferred income492/3 | - | - | - | €0.03m | €0.06m | €0.01m | €0.1m | ▲ 842% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.2m | €0.03m | €0.3m | -€0.1m | -€0.3m | -€0.3m | -€0.04m | ▲ 85.2% |
| + Depreciation and write-downs630 | €0.01m | €0.02m | €0.01m | €0.02m | €0.02m | €0.01m | €0.01m | ▲ 0.4% |
| Operating cash flow (approximation) | -€0.2m | €0.05m | €0.3m | -€0.1m | -€0.3m | -€0.3m | -€0.03m | ▲ 89.5% |
| Investment in fixed assets (approximation) | - | -€0.08m | -€5.5m | €1.2m | -€0.7m | €4.7m | -€0.1m | - |
| Change in cash | - | -€0.02m | €0.3m | €0.7m | -€1.0m | €0.7m | -€0.6m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | micro format | 23-01-2026 | 2026-00012621 |
| 30-06-2024 | micro format | 30-01-2025 | 2025-00016956 |
| 30-06-2023 | micro format | 29-01-2024 | 2024-00013624 |
| 30-06-2022 | micro format | 29-12-2022 | 2022-20548994 |
| 30-06-2021 | micro format | 28-01-2022 | 2022-02600308 |
| 30-06-2020 | micro format | 01-02-2021 | 2021-04700595 |
| 30-06-2019 | micro format | 27-01-2020 | 2020-02200479 |
| 30-06-2018 | micro format | 14-01-2019 | 2019-01100444 |
| 30-06-2017 | micro format | 16-01-2018 | 2018-01500141 |
| 30-06-2016 | abbreviated format | 31-01-2017 | 2017-03400553 |
Similar companies · same sector, comparable size
Société financière du Belloy
BE 0845.389.345
Sint-Pieters-Woluwe · equity €7,005,747
CEE-GROUP
BE 0811.496.654
Beauvechain · equity €7,014,001
Clasimco
BE 0880.371.307
Sint-Martens-Latem · equity €7,001,279
DIMA MANAGEMENT
BE 0806.134.633
Hechtel-Eksel · equity €7,015,817
JEROEN FIERS
BE 0829.824.310
Merelbeke-Melle · equity €7,019,478
Of the 82,425 active companies whose main activity is business and other management consultancy (NACE 70200), figures are known for 53,893. 8,922 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.