MVA Energy Belgium
ActiveSummary
MVA Energy Belgium has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-1.78M) and a net result of €-705k. Equity is shrinking by ~72.8% per year across the filed fiscal years. Its solvency ranks better than 7% of 270 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
38
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record94
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.63 against 0.07 in 2024; short-term debt: 32.6% and cash: 20.4% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 35
Relative position
BE, all sectors
reference
Sector 35
lower
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2025Solvency, return and age of the figures
Solvency
-62.7%
Return on assets
-24.8%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year €-1.78M
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-09-2026, 41 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 · 3 filingsDeviation from the deadline
2025
41 d late
2024
49 d late
2023
on the day
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-705k▲ 18.2%
2024 · €-863k
2023: €-276k
2024: €-863k
2023 → 2025
Working capital
€-341k▲ 69.1%
2024 · €-1.10M
2023: €-224k
2024: €-1.10M
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€-214k-€-1.08M▼ 403%€-1.78M▼ 65.5%
Operating result€-275k-€-816k▼ 197%€-556k▲ 31.9%
Net result€-276k-€-863k▼ 213%€-705k▲ 18.2%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €556k in 2025 against €816k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.84M
Fixed assets
€2.26M ▲ 8,105%
Current assets
€587k ▲ 590%
Key figures and ratios
EBITDA
€-548k▲
2024 · €-815k
Cash flow
€-698k▲
2024 · €-861k
Solvency
-62.7%▲
2024 · -956.6%
Current ratio
0.63▲
2024 · 0.07
Debt to equity
-2.60▼
2024 · -1.10
ROA
-24.8%▲
2024 · -766.4%
Interest coverage
-3.67▲
2024 · -17.53
Debt
€4.63M▲
2024 · €1.19M
Debt ≤ 1 year
€928k▼
2024 · €1.19M
Debt > 1 year
€3.70M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€113k€2.84M▲
Fixed assets21/28€28k€2.26M▲
Tangible fixed assets22/27€28k€98k▲
Land and buildings22€0-
Other tangible fixed assets26€28k€98k▲
Financial fixed assets28-€2.16M
Current assets29/58€85k€587k▲
Amounts receivable within one year40/41€52k€6k▼
Trade receivables40€5k€0▼
Other amounts receivable41€48k€6k▼
Cash at bank and in hand54/58€33k€581k▲
Equity and liabilities
Total equity and liabilities10/49€113k€2.84M▲
Equity10/15€-1.08M€-1.78M▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Profit (loss) carried forward14€-1.14M€-1.84M▼
Amounts payable17/49€1.19M€4.63M▲
Amounts payable after more than one year17-€3.70M
Financial debts170/4-€3.70M
Amounts payable within one year42/48€1.19M€928k▼
Trade debts44€44k€659k▲
Suppliers440/4€44k€659k▲
Taxes, remuneration and social security45-€180k
Taxes450/3-€180k
Other amounts payable47/48€1.15M€89k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€8k▲
Other operating charges640/8€904€128▼
Non-recurring operating charges66A-€10k
Gross operating margin9900€-814k€-538k▲
Operating profit (loss)9901€-816k€-556k▲
Financial charges65/66B€46k€149k▲
Recurring financial charges65€46k€149k▲
Profit (loss) for the period before taxes9903€-863k€-705k▲
Profit (loss) for the period9904€-863k€-705k▲
Profit (loss) for the period to be appropriated9905€-863k€-705k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1.14M€-1.84M▼
Profit (loss) brought forward from the previous period14P€-276k€-1.14M▼
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 41 days late
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 49 days late
18-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 49 days late
2024
31-12
Financial
Weakest financial yearnet €-863k
Net result drops to €-863k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Avelgem · 1 establishment unit since 2023
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.
Burchthof 88580 AvelgemGround area
352 m²
Building footprint
94 m²
Volume, LiDAR
574 m³
Parcel 34003A0761/00H000, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MVA Energy Belgium
since 20232.344.074.878
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34003A0761/00H000 | Flanders | 352 m² | 1 · 94 m² | 8.9 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 815 companies in sector 35110 we hold annual accounts for 631. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded07-04-2023
Fiscal year end31-12
Activities, NACEBEL 2025
35110Production of electricity from non-renewable sources
35130Electricity, gas, steam and air conditioning supply
35140Electricity, gas, steam and air conditioning supply
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.