MV DECO

Active

Private limited companyfounded 20196 yrs activeLt. Graffplein 15, 1780 Wemmel, BelgiumKBO/BCE: BE 0738.885.721

The computed 12-month bankruptcy probability of MV DECO is 2.0% (moderate). The 2025 annual accounts show equity of €21k and a net result of €11k. Equity is growing by ~17.3% per year across the filed fiscal years. Its solvency ranks better than 22% of 27787 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Watch Print / PDF

Checked score

Score 2025

51 / 100

Fair

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability82▲+8

Solvency45▲+11

Growth78=

Track record100

Bankruptcy probability, 12 months

2.0% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €1k at 30 days acceptable

Liquidity tight (current ratio 1.16 against 1.23 in 2024; short-term debt: 65.3% and cash: 5.8% of total assets), and 79.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

20.4%

Return on assets

10.8%

Age of the figures

9 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 27787 sector peers (2025).

NBB · sector comparison

Position among 27787 sector peers

Solvency

better than 22%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 6 filings

Deviation from the deadline

2025

31 d late

2024

5 d late

2023

157 d late

2022

31 d early

2021

26 d early

2020

165 d late

← before the deadline after the deadline →

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 months

Position in the running window

23-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€21k▲ 112%

2024 · €10k

2020: €7k 2021: €11k 2022: €20k 2023: €23k 2024: €10k

2020 → 2025

Total assets

€101k▼ 5.2%

2024 · €107k

2020: €24k 2021: €29k 2022: €39k 2023: €100k 2024: €107k

2020 → 2025

Net result

€11k▲ 132%

2024 · €5k

2020: €4k 2021: €4k 2022: €9k 2023: €7k 2024: €5k

2020 → 2025

Working capital

€11k▼ 17.9%

2024 · €13k

2020: €3k 2021: €9k 2022: €19k 2023: €14k 2024: €13k

2020 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€11k-€20k▲ 82.0%€23k▲ 14.5%€10k▼ 57.7%€21k▲ 112%

Operating result€5k-€12k▲ 126%€11k▼ 7.6%€11k▲ 2.1%€17k▲ 53.8%

Net result€4k-€9k▲ 135%€7k▼ 25.9%€5k▼ 29.8%€11k▲ 132%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

After the dip in 2023 the operating result has climbed two years in a row; 2025 is 54% above 2024 and is the highest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €101k

24.0%

76.0%

Fixed assets €24k▼ 28.2%

Current assets €77k▲ 7.4%

Equity and liabilities €101k

20.4%

79.6%

Equity €21k▲ 112%

Debt €80k▼ 17.0%

The debt ratio falls from 90.9% to 79.6%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€28k▲

2024 · €20k

Cash flow

€22k▲

2024 · €14k

Solvency

20.4%▲

2024 · 9.1%

Current ratio

1.16▼

2024 · 1.23

Quick ratio

1.16▼

2024 · 1.23

Debt / equity

3.89▼

2024 · 9.93

ROE

53.0%▲

2024 · 48.3%

ROA

10.8%▲

2024 · 4.4%

Interest coverage

10.60▲

2024 · 7.03

Debt

€80k▼

2024 · €97k

Debt ≤ 1 year

€66k▲

2024 · €58k

Debt > 1 year

€14k▼

2024 · €23k

Income taxes

€4k▲

2024 · €4k

Staff costs

€26k▼

2024 · €32k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€107k€101k▼

Formation expenses20€1k-

Fixed assets21/28€34k€24k▼

Tangible fixed assets22/27€34k€24k▼

Furniture and vehicles24€34k€24k▼

Financial fixed assets28€210€210=

Current assets29/58€71k€77k▲

Amounts receivable within one year40/41€40k€71k▲

Trade receivables40€31k€26k▼

Other amounts receivable41€9k€45k▲

Cash at bank and in hand54/58€29k€6k▼

Deferred charges and accrued income490/1€2k€402▼

Equity and liabilities

Total equity and liabilities10/49€107k€101k▼

Equity10/15€10k€21k▲

Contributions10/11€3k€3k=

Capital10€3k-

Issued capital100€3k-

Reserves13€300€300=

Non-distributable reserves130/1€300€300=

Legal reserve130€300-

Reserves not available under the articles1311-€300

Profit (loss) carried forward14€6k€17k▲

Amounts payable17/49€97k€80k▼

Amounts payable after more than one year17€23k€14k▼

Financial debts170/4€23k€14k▼

Amounts payable within one year42/48€58k€66k▲

Current portion of amounts payable after more than one year42€8k€9k▲

Trade debts44€17k€28k▲

Suppliers440/4€17k€28k▲

Taxes, remuneration and social security45€15k€11k▼

Taxes450/3€8k€4k▼

Remuneration and social security454/9€6k€7k▲

Other amounts payable47/48€18k€18k=

Accrued charges and deferred income492/3€15k€200▼

Income statement Code20242025

Non-recurring operating income76A-€6k

Remuneration, social security and pensions62€32k€26k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€11k▲

Other operating charges640/8€2k€2k▼

Non-recurring operating charges66A€2k-

Gross operating margin9900€56k€56k▼

Operating profit (loss)9901€11k€17k▲

Financial income75/76B€2€24▲

Recurring financial income75€2€24▲

Financial charges65/66B€3k€3k▼

Recurring financial charges65€3k€3k▼

Profit (loss) for the period before taxes9903€8k€15k▲

Income taxes67/77€4k€4k▲

Profit (loss) for the period9904€5k€11k▲

Profit (loss) for the period to be appropriated9905€5k€11k▲

Appropriation of the result

Profit (loss) to be appropriated9906€25k€17k▼

Profit (loss) brought forward from the previous period14P€20k€6k▼

Transfer to equity691/2€300-

To the legal reserve6920€300-

Profit to be distributed694/7€18k-

Directors or managers695€18k-

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 8Financial 2Filings 6

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 31 days late

2025

31-12

Financial Highest result since 2020net €11k ▲132%

Operating result €17k, net result €11k, both a record.

05-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 5 days late

04-01

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 157 days late

2023

30-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

05-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

12-01

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 165 days late

2021

31-12

Financial Weakest financial yearnet €4k ▼8%

Net result drops to €4k, the lowest in the series; recovery starts the following year.

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Wemmel · 1 establishment unit since 2019

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Lt. Graffplein 151780 Wemmel

Ground area

4,805 m²

Building footprint

513 m²

Volume, LiDAR

5,616 m³

2 parcels, Brussels, Flanders · tallest building 16.6 m, ±4 floors. Linked by address, not a title deed.

1 establishment unit

MV DECO

Nijvelsedreef 28, 1150 Sint-Pieters-WoluweManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

since 20192.297.477.464

2 parcels

Flanders 1 (50%) Brussels 1 (50%)