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 2.5% (moderate). The 2024 annual accounts show equity of €10k and a net result of €5k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 36382 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

65 / 100

Healthy▼ -3 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100=

Solvency22▼-18

Growth78=

Stability100

Bankruptcy probability, 12 months

2.5% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days acceptable

Liquidity tight (current ratio 1.23 against 1.31 in 2023), and 90.9% 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

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

+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: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

9.1%

Return on assets

4.4%

Age of the figures

20 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 36382 sector peers (2024).

NBB · sector comparison

Position among 36382 sector peers

Solvency

better than 14%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-08-2025, 5 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 filings

Deviation from the deadline

2025

not confirmed

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 →

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 2024, micro schema

Equity

€10k▼ 57.7%

2023 · €23k

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

2020 → 2024

Total assets

€107k▲ 7.0%

2023 · €100k

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

2020 → 2024

Net result

€5k▼ 29.8%

2023 · €7k

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

2020 → 2024

Working capital

€13k▼ 4.7%

2023 · €14k

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

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€7k-€11k▲ 53.6%€20k▲ 82.0%€23k▲ 14.5%€10k▼ 57.7%

Operating result€6k-€5k▼ 4.8%€12k▲ 126%€11k▼ 7.6%€11k▲ 2.1%

Net result€4k-€4k▼ 8.0%€9k▲ 135%€7k▼ 25.9%€5k▼ 29.8%

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

Result per fiscal year

Operating resultNet result

The operating result recovers in 2024; 2024 is 2% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €105k

32.1%

67.9%

Fixed assets €34k▼ 14.0%

Current assets €71k▲ 21.2%

Equity and liabilities €107k

90.9%

Equity €10k▼ 57.7%

Debt €97k▲ 26.5%

The debt ratio rises from 76.9% to 90.9%: debt grows while equity shrinks.

Key figures and ratios

2024 value · change against 2023

EBITDA

€20k▲

2023 · €16k

Cash flow

€14k▲

2023 · €12k

Solvency

9.1%▼

2023 · 23.1%

Current ratio

1.23▼

2023 · 1.31

Quick ratio

1.23▼

2023 · 1.31

Debt / equity

9.93▲

2023 · 3.32

ROE

48.3%▲

2023 · 29.2%

ROA

4.4%▼

2023 · 6.7%

Interest coverage

7.03▼

2023 · 10.85

Debt

€97k▲

2023 · €77k

Debt ≤ 1 year

€58k▲

2023 · €45k

Debt > 1 year

€23k▼

2023 · €31k

Income taxes

€4k▲

2023 · €3k

Staff costs

€32k▲

2023 · €26k

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 · 2024 against 2023

Balance sheet Code20232024

Total assets20/58€100k€107k▲

Fixed assets21/28€39k€34k▼

Formation expenses20€1k€1k=

Tangible fixed assets22/27€39k€34k▼

Financial fixed assets28€210€210=

Current assets29/58€59k€71k▲

Amounts receivable within one year40/41€37k€40k▲

Cash & bank54/58€20k€29k▲

Total equity & liabilities10/49€100k€107k▲

Equity10/15€23k€10k▼

Contributions / capital10/11€3k€3k=

Reserves13-€300

Accumulated profits (losses)14€20k€6k▼

Amounts payable17/49€77k€97k▲

Amounts payable after one year17€31k€23k▼

Amounts payable within one year42/48€45k€58k▲

Trade debts payable within one year44€25k€17k▼

Income statement Code20232024

Gross operating margin9900€65k€56k▼

Operating result9901€11k€11k▲

Financial income75€0€2▲

Financial charges65€1k€3k▲

Result before taxes9903€10k€8k▼

Income taxes67/77€3k€4k▲

Net result for the period9904€7k€5k▼

Result to be appropriated9905€7k€5k▼

Download as CSV

Timeline · acts, filings and financial milestones

All 11Financial 2Gazette 4Filings 5

2025

28-08

State Gazette act Registered-office change

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

31-12

Financial Highest result since 2020net €9k ▲135%

Operating result €12k, net result €9k, both a record.

13-12

State Gazette act Director changes

Matthieu DERYNCK

13-12

State Gazette act Registered-office change

Matthieu DERYNCK

05-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

17-03

State Gazette act Director changes

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 milestoneState Gazette actNBB 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.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

no sitting director, last change in 2021

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

31-12-2021 Resigned as Director

Not every act has been read: a resignation may be missing here

5 of this company's 5 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.

Location & real-estate footprint

Registered office, Wemmel · 1 establishment unit since 2019

exact location from the address register On OpenStreetMap

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%)