MV-Development
ActiveSummary
MV-Development has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €225k and a net result of €15k. Equity is growing by ~18% per year across the filed fiscal years. Its solvency ranks better than 18% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability20▼-34
Solvency39▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity short (current ratio 0.72 against 0.66 in 2024; short-term debt: 65.8% and cash: 1.7% of total assets), and 85.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
14.3%
Return on assets
0.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 8692 sector peers (2025).
NBB · sector comparisonPosition among 8692 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-06-2026, 57 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
57 d early
2024
62 d early
2023
56 d early
2022
39 d early
2021
34 d early
2020
54 d early
2019
35 d early
← 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
Equity
€225k▲ 7.1%
2024 · €210k
Total assets
€1.58M▲ 14.1%
2024 · €1.38M
Net result
€15k▼ 78.7%
2024 · €70k
Working capital
€-294k▼ 0.6%
2024 · €-292k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€37k▼ 33.1%€32k▼ 13.4%€63k▲ 97.5%€48k▼ 23.5%€-43k
Net result€61k▲ 61.2%€21k▼ 64.8%€97k▲ 351%€70k▼ 27.5%€15k▼ 78.7%
Equity€112k▲ 149%€134k▲ 19.1%€140k▲ 5.0%€210k▲ 49.9%€225k▲ 7.1%
Total assets€486k▼ 8.9%€495k▲ 2.0%€586k▲ 18.3%€1.38M▲ 135%€1.58M▲ 14.1%
Debt€374k▼ 23.4%€362k▼ 3.2%€446k▲ 23.3%€1.17M▲ 162%€1.35M▲ 15.4%
Working capital€294k▲ 77.1%€242k▼ 17.7%€240k▼ 0.6%€-292k€-294k▼ 0.6%
Staff (FTE)000
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €43k after €48k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.58M
Fixed assets
€834k ▲ 1.9%
Current assets
€742k ▲ 31.9%
Equity and liabilities €1.58M
Equity
€225k ▲ 7.1%
Debt
€1.35M ▲ 15.4%
Debt's share of the balance-sheet total rises from 84.8% to 85.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€-38k▼
2024 · €57k
Cash flow
€20k▼
2024 · €79k
Current ratio
0.72▲
2024 · 0.66
Debt to equity
5.99▲
2024 · 5.56
ROE
6.6%▼
2024 · 33.3%
ROA
0.9%▼
2024 · 5.1%
Interest coverage
-0.29▼
2024 · 3.53
Debt ≤ 1 year
€1.04M▲
2024 · €855k
Debt > 1 year
€314k▼
2024 · €315k
Income taxes
€328▼
2024 · €14k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | €9k | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €3k | €2k | €9k | €5k | ▼ 47.4% |
| Other operating charges640/8 | €761 | €173 | €202 | €771 | €3k | ▲ 280% |
| Non-recurring operating charges66A | €1k | €3k | €1k | €0 | - | - |
| Gross operating margin9900 | €41k | €37k | €67k | €58k | €-35k | ▼ 160% |
| Operating profit (loss)9901 | €37k | €32k | €63k | €48k | €-43k | ▼ 189% |
| Financial income75/76B | €53k | €13k | €70k | €52k | €189k | ▲ 261% |
| Recurring financial income75 | €53k | €13k | €70k | €52k | €189k | ▲ 261% |
| Financial charges65/66B | €19k | €14k | €20k | €16k | €131k | ▲ 710% |
| Recurring financial charges65 | €19k | €14k | €20k | €16k | €131k | ▲ 710% |
| Profit (loss) for the period before taxes9903 | €71k | €31k | €113k | €84k | €15k | ▼ 81.9% |
| Income taxes67/77 | €10k | €10k | €17k | €14k | €328 | ▼ 97.7% |
| Profit (loss) for the period9904 | €61k | €21k | €97k | €70k | €15k | ▼ 78.7% |
| Profit (loss) for the period to be appropriated9905 | €61k | €21k | €97k | €70k | €15k | ▼ 78.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €486k | €495k | €586k | €1.38M | €1.58M | ▲ 14.1% |
| Fixed assets21/28 | €136k | €209k | €216k | €818k | €834k | ▲ 1.9% |
| Tangible fixed assets22/27 | €41k | €39k | €46k | €85k | €126k | ▲ 48.1% |
| Land and buildings22 | €25k | €25k | €24k | €59k | €101k | ▲ 72.4% |
| Plant, machinery and equipment23 | €2k | €1k | €4k | €3k | €5k | ▲ 48.5% |
| Furniture and vehicles24 | €14k | €5k | €10k | €7k | €5k | ▼ 34.7% |
| Other tangible fixed assets26 | - | €8k | €8k | €16k | €15k | ▼ 5.3% |
| Financial fixed assets28 | €95k | €169k | €169k | €733k | €708k | ▼ 3.4% |
| Current assets29/58 | €350k | €287k | €370k | €563k | €742k | ▲ 31.9% |
| Amounts receivable after more than one year29 | €100k | €30k | €30k | €290k | €0 | ▼ 100% |
| Trade receivables290 | €100k | €30k | €30k | €0 | - | - |
| Other amounts receivable291 | - | - | - | €290k | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €236k | €172k | €232k | €217k | €714k | ▲ 229% |
| Trade receivables40 | €33k | €5k | €18k | €11k | €28k | ▲ 160% |
| Other amounts receivable41 | €203k | €167k | €214k | €206k | €686k | ▲ 233% |
| Cash at bank and in hand54/58 | €13k | €85k | €108k | €56k | €27k | ▼ 51.1% |
| Deferred charges and accrued income490/1 | - | - | - | - | €996 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €486k | €495k | €586k | €1.38M | €1.58M | ▲ 14.1% |
| Equity10/15 | €112k | €134k | €140k | €210k | €225k | ▲ 7.1% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €92k | €113k | €120k | €190k | €205k | ▲ 7.8% |
| Amounts payable17/49 | €374k | €362k | €446k | €1.17M | €1.35M | ▲ 15.4% |
| Amounts payable after more than one year17 | €318k | €317k | €316k | €315k | €314k | ▼ 0.2% |
| Financial debts170/4 | €318k | €317k | €316k | €315k | €314k | ▼ 0.3% |
| Other amounts payable178/9 | - | - | - | - | €210 | - |
| Amounts payable within one year42/48 | €56k | €45k | €130k | €855k | €1.04M | ▲ 21.2% |
| Current portion of amounts payable after more than one year42 | €875 | €896 | €906 | €916 | €938 | ▲ 2.4% |
| Trade debts44 | €2k | €13k | €3k | €5k | €2k | ▼ 70.2% |
| Suppliers440/4 | €2k | €13k | €3k | €5k | €2k | ▼ 70.2% |
| Advances received on contracts in progress46 | - | €6k | €0 | - | - | - |
| Taxes, remuneration and social security45 | €28k | €0 | €25k | €2k | €9k | ▲ 452% |
| Taxes450/3 | €28k | €0 | €25k | €2k | €9k | ▲ 452% |
| Other amounts payable47/48 | €25k | €25k | €102k | €847k | €1.02M | ▲ 20.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €61k | €21k | €97k | €70k | €15k | ▼ 78.7% |
| + Depreciation and write-downs630 | €2k | €3k | €2k | €9k | €5k | ▼ 47.4% |
| Operating cash flow (approximation) | €63k | €24k | €99k | €79k | €20k | ▼ 75.0% |
| Investment in fixed assets (approximation) | - | €-75k | €-10k | €-611k | €-21k | ▲ 96.6% |
| Change in cash | - | €71k | €24k | €-53k | €-29k | ▲ 45.7% |
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
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €200kEq €210k ▲49.9%
7 profitable years in a row build equity to €210k.
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €97k ▲351%
Net result €97k, the highest in the series.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity triplescurrent ratio 6.24
Current ratio from 1.98 to 6.24; short-term debt falls from €170k to €56k.
31-12
Financial
Equity above €100kEq €112k ▲149%
4 profitable years in a row build equity to €112k.
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity triplescurrent ratio 1.98
Current ratio from 0.67 to 1.98.
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
31-12
Financial
Equity above €100kEq €125k ▲67.3%
2 profitable years in a row build equity to €125k.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB 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.
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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, Brasschaat · 1 establishment unit since 2016
Ground area
1,483 m²
Building footprint
226 m²
Parcel 11323F0094/00A005, Flanders. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
MV-Development
since 20162.256.608.394
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11323F0094/00A005 | Flanders | 1,483 m² | 1 · 226 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 1,826 EUR awarded · 1,826 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 252 EUR | 252 EUR |
| 2022 | 1 | 1,574 EUR | 1,574 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 39,347 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
Founded16-08-2016
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.