MV WORX

Active

Private limited companyfounded 20233 yrs activeSint-Jozefstraat 90, 9160 Lokeren, BelgiumKBO/BCE: BE 0799.251.492

The computed 12-month bankruptcy probability of MV WORX is 3.3% (moderate). The 2025 annual accounts show negative equity (€-136k) and a net result of €-80k. Equity is shrinking by ~140.7% per year across the filed fiscal years. Its solvency ranks better than 8% of 11206 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

7 / 100

Critical= vs 2024

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

Axes · tick = 2024

Profitability100=

Solvency33▼-3

Growth32=

Stability94

Bankruptcy probability, 12 months

3.3% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.35 against 0.61 in 2024), and equity is negative.

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.

+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

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 2025

Solvency, return and age of the figures

Solvency

-142.8%

Return on assets

-84%

Age of the figures

9 mo

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 46

Relative position

BE, all sectors

reference

Sector 46

higher

← fewer bankruptcies more bankruptcies →

Negative equity

Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).

NBB · annual accounts 2025

Equity per financial year

232425

2023 to 2025 · latest year -€136k

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-05-2026, 86 days ahead of the deadline.

NBB · 3 filings

Deviation from the deadline

2025

86 d early

2024

14 d early

2023

29 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

16-09-2026 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

€-136k▼ 143%

2024 · €-56k

2023: €22k 2024: €-56k

2023 → 2025

Total assets

€95k▲ 14.8%

2024 · €83k

2023: €97k 2024: €83k

2023 → 2025

Net result

€-80k▼ 3.3%

2024 · €-77k

2023: €20k 2024: €-77k

2023 → 2025

Working capital

€-143k▼ 200%

2024 · €-48k

2023: €38k 2024: €-48k

2023 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202320242025Trend

Equity€22k-€-56k€-136k▼ 143%

Operating result€24k-€-70k€-74k▼ 5.3%

Net result€20k-€-77k€-80k▼ 3.3%

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

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €74k in 2025 against €70k in 2024; the loss grows and 2025 is the lowest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €95k

17.6%

82.4%

Fixed assets €17k▲ 89.5%

Current assets €79k▲ 5.9%

Key figures and ratios

2025 value · change against 2024

EBITDA

€-66k▼

2024 · €-65k

Cash flow

€-72k▲

2024 · €-72k

Solvency

-142.8%▼

2024 · -67.5%

Current ratio

0.35▼

2024 · 0.61

Quick ratio

0.07▼

2024 · 0.11

Debt / equity

-1.70▲

2024 · -2.48

ROE

58.9%▼

2024 · 138.4%

ROA

-84.0%▲

2024 · -93.4%

Interest coverage

-11.67▼

2024 · -9.44

Debt

€231k▲

2024 · €139k

Debt ≤ 1 year

€222k▲

2024 · €122k

Debt > 1 year

€10k▼

2024 · €17k

Income taxes

€362▲

2024 · €289

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€83k€95k▲

Formation expenses20€0-

Fixed assets21/28€9k€17k▲

Tangible fixed assets22/27€9k€17k▲

Plant, machinery and equipment23€5k€15k▲

Furniture and vehicles24€4k€1k▼

Current assets29/58€74k€79k▲

Stocks and contracts in progress3€61k€63k▲

Stocks30/36€61k€63k▲

Amounts receivable within one year40/41€10k€9k▼

Trade receivables40€10k€9k▼

Other amounts receivable41€6€0▼

Cash at bank and in hand54/58€762€3k▲

Deferred charges and accrued income490/1€2k€3k▲

Equity and liabilities

Total equity and liabilities10/49€83k€95k▲

Equity10/15€-56k€-136k▼

Contributions10/11€2k€2k=

Reserves13€20k€20k=

Distributable reserves133€20k€20k=

Profit (loss) carried forward14€-77k€-158k▼

Amounts payable17/49€139k€231k▲

Amounts payable after more than one year17€17k€10k▼

Financial debts170/4€17k€10k▼

Amounts payable within one year42/48€122k€222k▲

Current portion of amounts payable after more than one year42€9k€10k▲

Financial debts43-€45

Credit institutions430/8-€45

Trade debts44€97k€14k▼

Suppliers440/4€97k€14k▼

Taxes, remuneration and social security45€8k€4k▼

Taxes450/3€6k€4k▼

Remuneration and social security454/9€2k€0▼

Other amounts payable47/48€8k€193k▲

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€8k▲

Other operating charges640/8€2k€2k▲

Gross operating margin9900€-63k€-64k▼

Operating profit (loss)9901€-70k€-74k▼

Financial income75/76B€5€14▲

Recurring financial income75€5€14▲

Financial charges65/66B€7k€6k▼

Recurring financial charges65€7k€6k▼

Profit (loss) for the period before taxes9903€-77k€-80k▼

Income taxes67/77€289€362▲

Profit (loss) for the period9904€-77k€-80k▼

Profit (loss) for the period to be appropriated9905€-77k€-80k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-77k€-158k▼

Profit (loss) brought forward from the previous period14P-€-77k

Transfer to equity691/2€0-

To other reserves6921€0-

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 4Financial 1Filings 3

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

2026

06-05

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Weakest financial yearnet €-80k

Net result drops to €-80k, the lowest in the series.

17-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

29-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 29 days late

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

Directors · office · real estate

Directors

1 act for this company is 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, Lokeren · 1 establishment unit since 2023

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.

Sint-Jozefstraat 909160 Lokeren

Ground area

622 m²

Building footprint

150 m²

Volume, LiDAR

677 m³

Parcel 46384C1498/00D002, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

MV WORX

Sint-Jozefstraat 90, 9160 LokerenManufacture of leather and related products

since 20232.343.616.604

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
46384C1498/00D002	Flanders	621 m²	1 · 150 m²	7.8 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

VMT MOTORS BELGIUM

BE 1001.067.615

Dendermonde · Eq €22k

Of 2,121 companies in sector 46711 we hold annual accounts for 1,122. 588 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded07-03-2023

Fiscal year end31-12

Activities, NACEBEL

46711Wholesale of cars and light vans (up to 3.5 tonnes)

47811Retail sale of cars and light vans (up to 3.5 tonnes)

45194

95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)

95313Repair and fitting of specific motor vehicle parts

46713Wholesale trade

79120Travel agency, tour operator and other reservation service and related activities

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.