MV INFORMATICA
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-01-2026 PDF all 28 filings
Turnover
≈ €230,000
Estimated: probably between €140,000 and €460,000
Total assets
€124,108▼ 22.6%
2024 · €160,396
Net result
€2,206▼ 89.8%
2024 · €21,535
Working capital
€34,453▲ 3.0%
2024 · €33,460
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€8,389
▼ 74.5%
2025
20192025
Net result
€2,206
▼ 89.8%
2025
middle half of the sector
20192025
Equity
€103,272
▼ 14.6%
2025
middle half of the sector
20192025
Total assets
€124,108
▼ 22.6%
2025
middle half of the sector
20192025
Debt
€20,836
▼ 47.1%
2025
20192025
Working capital
€34,453
▲ 3.0%
2025
middle half of the sector
20192025
Solvency
83.2%
▲ 7.8pp
2025
highest quarter of the sector
20192025
Current ratio
2.65
▲ 0.51
2025
middle half of the sector
20192025
Return on assets (ROA)
1.8%
▼ 11.6pp
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€41,318-€19,893▼ 51.9%€1,872▼ 90.6%€41,794▲ 22×€970▼ 97.7%€32,951▲ 34×€8,389▼ 74.5%
Net result€24,827-€10,494within the sector's middle half▼ 57.7%-€4,148below the sector's middle half€31,108above the sector's middle half-€4,994below the sector's middle half€21,535within the sector's middle half€2,206within the sector's middle half▼ 89.8%
Equity€73,033-€83,527within the sector's middle half▲ 14.4%€79,379within the sector's middle half▼ 5.0%€110,487within the sector's middle half▲ 39.2%€105,494within the sector's middle half▼ 4.5%€120,975within the sector's middle half▲ 14.7%€103,272within the sector's middle half▼ 14.6%
Total assets€150,850-€163,224within the sector's middle half▲ 8.2%€136,999within the sector's middle half▼ 16.1%€174,489within the sector's middle half▲ 27.4%€150,297within the sector's middle half▼ 13.9%€160,396within the sector's middle half▲ 6.7%€124,108within the sector's middle half▼ 22.6%
Debt€77,817-€79,698▲ 2.4%€57,619▼ 27.7%€64,001▲ 11.1%€44,803▼ 30.0%€39,421▼ 12.0%€20,836▼ 47.1%
Working capital-€23,812-€28,590within the sector's middle half€7,373within the sector's middle half▼ 74.2%€8,234within the sector's middle half▲ 11.7%€14,165within the sector's middle half▲ 72.0%€33,460within the sector's middle half▲ 136%€34,453within the sector's middle half▲ 3.0%
Solvency48.4%-51.2%within the sector's middle half▲ 2.8pp57.9%within the sector's middle half▲ 6.8pp63.3%within the sector's middle half▲ 5.4pp70.2%above the sector's middle half▲ 6.9pp75.4%above the sector's middle half▲ 5.2pp83.2%above the sector's middle half▲ 7.8pp
Current ratio0.51-1.77within the sector's middle half▲ 1.261.21within the sector's middle half▼ 0.551.26within the sector's middle half▲ 0.051.59within the sector's middle half▲ 0.332.15within the sector's middle half▲ 0.552.65within the sector's middle half▲ 0.51
Return on assets (ROA)16.5%-6.4%within the sector's middle half▼ 10.0pp-3.0%below the sector's middle half▼ 9.5pp17.8%above the sector's middle half▲ 20.9pp-3.3%below the sector's middle half▼ 21.2pp13.4%above the sector's middle half▲ 16.7pp1.8%within the sector's middle half▼ 11.6pp
above
within
below
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 75% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €124,108
Fixed assets
€68,819 ▼ 29.6%
Current assets
€55,289 ▼ 11.7%
Equity and liabilities €124,108
Equity
€103,272 ▼ 14.6%
Debt
€20,836 ▼ 47.1%
Debt's share of the balance-sheet total falls from 24.6% to 16.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€43,204▼
2024 · €64,243
Cash flow
€37,020▼
2024 · €52,827
Debt to equity
0.20▼
2024 · 0.33
ROE
2.1%▼
2024 · 17.8%
Interest coverage
7.76▼
2024 · 11.79
Debt ≤ 1 year
€20,836▼
2024 · €29,146
Debt > 1 year
€0▼
2024 · €10,276
Income taxes
€1,094▼
2024 · €6,627
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €59,720 | €6,027 | €16,818 | €5,843 |
| Depreciation and write-downs of the year | €20,317 | €28,463 | €31,292 | €34,815 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,261 | €31,424 | €36,415 | €20,317 | €28,463 | €31,292 | €34,815 | ▲ 11.3% |
| Other operating charges640/8 | - | - | - | €1,032 | €668 | €675 | €681 | ▲ 1.0% |
| Non-recurring operating charges66A | - | - | - | €0 | - | - | - | - |
| Gross operating margin9900 | €73,472 | €62,479 | €39,201 | €63,143 | €30,101 | €64,918 | €43,885 | ▼ 32.4% |
| Operating profit (loss)9901 | €41,318 | €19,893 | €1,872 | €41,794 | €970 | €32,951 | €8,389 | ▼ 74.5% |
| Financial income75/76B | - | - | - | €7,283 | €276 | €658 | €479 | ▼ 27.3% |
| Recurring financial income75 | - | - | - | €44 | €276 | €658 | €479 | ▼ 27.3% |
| Non-recurring financial income76B | - | - | - | €7,240 | €0 | - | - | - |
| Financial charges65/66B | - | - | - | €7,400 | €6,136 | €5,447 | €5,568 | ▲ 2.2% |
| Recurring financial charges65 | €6,372 | €5,782 | €5,886 | €7,400 | €6,136 | €5,447 | €5,568 | ▲ 2.2% |
| Profit (loss) for the period before taxes9903 | €34,946 | €14,112 | -€4,013 | €41,677 | -€4,890 | €28,162 | €3,299 | ▼ 88.3% |
| Income taxes67/77 | €10,119 | €3,617 | €135 | €10,569 | €104 | €6,627 | €1,094 | ▼ 83.5% |
| Profit (loss) for the period9904 | €24,827 | €10,494 | -€4,148 | €31,108 | -€4,994 | €21,535 | €2,206 | ▼ 89.8% |
| Transfer from tax-exempt reserves789 | - | - | - | €6,054 | €0 | - | - | - |
| Transfer to tax-exempt reserves689 | - | - | - | €611 | €704 | €935 | €616 | ▼ 34.2% |
| Profit (loss) for the period to be appropriated9905 | €19,908 | €5,871 | -€8,993 | €36,552 | -€5,697 | €20,601 | €1,590 | ▼ 92.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €150,850 | €163,224 | €136,999 | €174,489 | €150,297 | €160,396 | €124,108 | ▼ 22.6% |
| Fixed assets21/28 | €125,842 | €97,479 | €95,298 | €134,701 | €112,264 | €97,790 | €68,819 | ▼ 29.6% |
| Tangible fixed assets22/27 | €125,842 | €97,479 | €95,298 | €134,701 | €112,264 | €97,790 | €68,819 | ▼ 29.6% |
| Plant, machinery and equipment23 | - | - | - | €50,566 | €45,300 | €47,997 | €36,003 | ▼ 25.0% |
| Furniture and vehicles24 | - | - | - | €30,490 | €24,196 | €17,902 | €11,801 | ▼ 34.1% |
| Other tangible fixed assets26 | - | - | - | €53,645 | €42,768 | €31,891 | €21,015 | ▼ 34.1% |
| Current assets29/58 | €25,007 | €65,745 | €41,700 | €39,788 | €38,032 | €62,606 | €55,289 | ▼ 11.7% |
| Amounts receivable within one year40/41 | €21,408 | €20,212 | €31,979 | €22,258 | €26,791 | €45,735 | €28,030 | ▼ 38.7% |
| Trade receivables40 | - | - | - | €19,209 | €17,121 | €18,350 | €23,605 | ▲ 28.6% |
| Other amounts receivable41 | - | - | - | €3,050 | €9,671 | €27,384 | €4,425 | ▼ 83.8% |
| Cash at bank and in hand54/58 | €709 | €42,236 | €6,562 | €14,162 | €7,902 | €13,057 | €23,280 | ▲ 78.3% |
| Deferred charges and accrued income490/1 | - | - | - | €3,367 | €3,339 | €3,814 | €3,979 | ▲ 4.3% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €150,850 | €163,224 | €136,999 | €174,489 | €150,297 | €160,396 | €124,108 | ▼ 22.6% |
| Equity10/15 | €73,033 | €83,527 | €79,379 | €110,487 | €105,494 | €120,975 | €103,272 | ▼ 14.6% |
| Contributions10/11 | €18,592 | - | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €48,087 | €58,581 | €63,426 | €91,895 | €92,599 | €102,383 | €84,680 | ▼ 17.3% |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | €0 | - | - |
| Tax-exempt reserves132 | - | - | - | €24,290 | €24,993 | €25,928 | €26,544 | ▲ 2.4% |
| Distributable reserves133 | - | - | - | €65,746 | €65,746 | €76,455 | €58,137 | ▼ 24.0% |
| Profit (loss) carried forward14 | €6,354 | €6,354 | -€2,639 | €0 | -€5,697 | €0 | €0 | - |
| Amounts payable17/49 | €77,817 | €79,698 | €57,619 | €64,001 | €44,803 | €39,421 | €20,836 | ▼ 47.1% |
| Amounts payable after more than one year17 | €28,350 | €42,150 | €23,292 | €32,448 | €20,936 | €10,276 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | - | €32,448 | €20,936 | €10,276 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €48,820 | €37,155 | €34,327 | €31,554 | €23,867 | €29,146 | €20,836 | ▼ 28.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €10,844 | €11,512 | €11,168 | €10,276 | ▼ 8.0% |
| Trade debts44 | €2,550 | €3,270 | €1,705 | €2,009 | €1,009 | €2,017 | €667 | ▼ 66.9% |
| Suppliers440/4 | - | - | - | €2,009 | €1,009 | €2,017 | €667 | ▼ 66.9% |
| Taxes, remuneration and social security45 | - | - | - | €18,701 | €11,346 | €15,961 | €9,893 | ▼ 38.0% |
| Taxes450/3 | - | - | - | €18,701 | €11,346 | €15,961 | €9,893 | ▼ 38.0% |
| Other amounts payable47/48 | - | - | - | €0 | - | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,827 | €10,494 | -€4,148 | €31,108 | -€4,994 | €21,535 | €2,206 | ▼ 89.8% |
| + Depreciation and write-downs630 | €31,261 | €31,424 | €36,415 | €20,317 | €28,463 | €31,292 | €34,815 | ▲ 11.3% |
| Operating cash flow (approximation) | €56,088 | €41,918 | €32,267 | €51,425 | €23,470 | €52,827 | €37,020 | ▼ 29.9% |
| Investment in fixed assets (approximation) | - | -€3,061 | -€34,234 | -€59,720 | -€6,027 | -€16,818 | -€5,843 | ▲ 65.3% |
| Change in cash | - | €41,527 | -€35,673 | €7,600 | -€6,261 | €5,155 | €10,223 | ▲ 98.3% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 17,041 companies had the same profile as MV INFORMATICA has now. Two years later, 94.3% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
94.3%
was still going
4.9%
stopped otherwise
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MV INFORMATICA itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 17,041 companies, not a prediction for MV INFORMATICA. 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.
Latest 10 of 28 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 30-01-2026 | 2026-00028857 | |
| 30-06-2024 | micro format | 28-01-2025 | 2025-00012923 | |
| 30-06-2023 | micro format | 15-12-2023 | 2023-00528719 | |
| 30-06-2022 | micro format | 05-12-2022 | 2022-20531920 | |
| 30-06-2021 | micro format | 25-01-2022 | 2022-01700118 | |
| 30-06-2020 | micro format | 12-03-2021 | 2021-07500076 | |
| 30-06-2019 | micro format | 31-01-2020 | 2020-03700056 | |
| 30-06-2018 | micro format | 31-01-2019 | 2019-04300216 | |
| 30-06-2017 | micro format | 31-01-2018 | 2018-04300550 | |
| 30-06-2016 | abbreviated format | 28-01-2017 | 2017-03400194 |