MVA Engineering
ActiveSummary
MVA Engineering has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €895k and a net result of €217k. Equity is growing by ~62% per year across the filed fiscal years. Its solvency ranks better than 52% of 406 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▼-17
Solvency74=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 2.43 against 1.78 in 2024; short-term debt: 31.4% and cash: 3.4% of total assets), but 51.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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 · 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
48.5%
Return on assets
11.7%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
1 d early
2024
5 d early
2023
on the day
2022
5 d early
2021
2 d late
2020
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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€895k▲ 27.2%
2024 · €704k
2020: €80klowest in 6 years
2021: €150k▲ +87.1% vs 2020
2022: €184k▲ +22.7% vs 2021
2023: €228k▲ +23.8% vs 2022
2024: €704k▲ +209% vs 2023
2025: €895k▲ +27.2% vs 2024highest in 6 years
2020 → 2025
Total assets
€1.85M▲ 28.4%
2024 · €1.44M
2020: €201klowest in 6 years
2021: €700k▲ +248% vs 2020
2022: €815k▲ +16.3% vs 2021
2023: €949k▲ +16.5% vs 2022
2024: €1.44M▲ +51.4% vs 2023
2025: €1.85M▲ +28.4% vs 2024highest in 6 years
2020 → 2025
Net result
€217k▼ 54.5%
2024 · €476k
2020: €35k
2021: €70k▲ +98.5% vs 2020
2022: €34k▼ -51.3% vs 2021lowest in 6 years
2023: €44k▲ +28.9% vs 2022
2024: €476k▲ +988% vs 2023highest in 6 years
2025: €217k▼ -54.5% vs 2024
2020 → 2025
Working capital
€826k▲ 89.8%
2024 · €435k
2020: €44klowest in 6 years
2021: €117k▲ +165% vs 2020
2022: €226k▲ +93.3% vs 2021
2023: €177k▼ -21.7% vs 2022
2024: €435k▲ +146% vs 2023
2025: €826k▲ +89.8% vs 2024highest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€150k-€184k▲ 22.7%€228k▲ 23.8%€704k▲ 209%€895k▲ 27.2%
2021: €150klowest in 5 years
2022: €184k▲ +22.7% vs 2021
2023: €228k▲ +23.8% vs 2022
2024: €704k▲ +209% vs 2023
2025: €895k▲ +27.2% vs 2024highest in 5 years
Operating result€72k-€42k▼ 42.2%€61k▲ 46.2%€657k▲ 981%€315k▼ 52.0%
2021: €72k
2022: €42k▼ -42.2% vs 2021lowest in 5 years
2023: €61k▲ +46.2% vs 2022
2024: €657k▲ +981% vs 2023highest in 5 years
2025: €315k▼ -52.0% vs 2024
Net result€70k-€34k▼ 51.3%€44k▲ 28.9%€476k▲ 988%€217k▼ 54.5%
2021: €70k
2022: €34k▼ -51.3% vs 2021lowest in 5 years
2023: €44k▲ +28.9% vs 2022
2024: €476k▲ +988% vs 2023highest in 5 years
2025: €217k▼ -54.5% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 52% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.85M
Fixed assets
€440k ▼ 0.8%
Current assets
€1.41M ▲ 41.4%
Equity and liabilities €1.85M
Equity
€895k ▲ 27.2%
Debt
€950k ▲ 29.5%
Debt's share of the balance-sheet total rises from 51.0% to 51.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€432k▼
2024 · €706k
Cash flow
€334k▼
2024 · €525k
Current ratio
2.43▲
2024 · 1.78
Quick ratio
0.94▼
2024 · 1.40
Debt to equity
1.06▲
2024 · 1.04
ROE
24.2%▼
2024 · 67.7%
ROA
11.7%▼
2024 · 33.1%
Interest coverage
15.02▼
2024 · 28.25
Debt ≤ 1 year
€579k▲
2024 · €558k
Debt > 1 year
€371k▲
2024 · €174k
Income taxes
€73k▼
2024 · €156k
Staff costs
€241k▲
2024 · €131k
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 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.44M€1.85M▲
Fixed assets21/28€444k€440k▼
Tangible fixed assets22/27€374k€370k▼
Plant, machinery and equipment23€347k€267k▼
Furniture and vehicles24€26k€101k▲
Other tangible fixed assets26-€2k
Financial fixed assets28€70k€70k=
Current assets29/58€994k€1.41M▲
Stocks and contracts in progress3€213k€863k▲
Stocks30/36€60k€90k▲
Contracts in progress37€153k€773k▲
Amounts receivable within one year40/41€641k€472k▼
Trade receivables40€585k€454k▼
Other amounts receivable41€56k€19k▼
Cash at bank and in hand54/58€129k€62k▼
Deferred charges and accrued income490/1€12k€7k▼
Equity and liabilities
Total equity and liabilities10/49€1.44M€1.85M▲
Equity10/15€704k€895k▲
Contributions10/11€45k€45k=
Reserves13€659k€850k▲
Tax-exempt reserves132€158k€158k=
Distributable reserves133€501k€692k▲
Amounts payable17/49€734k€950k▲
Amounts payable after more than one year17€174k€371k▲
Financial debts170/4€174k€371k▲
Amounts payable within one year42/48€558k€579k▲
Current portion of amounts payable after more than one year42€53k€100k▲
Trade debts44€396k€432k▲
Suppliers440/4€396k€432k▲
Taxes, remuneration and social security45€61k€39k▼
Taxes450/3€43k€3k▼
Remuneration and social security454/9€17k€36k▲
Other amounts payable47/48€49k€8k▼
Accrued charges and deferred income492/3€1k€55▼
Income statement
Code20242025
Remuneration, social security and pensions62€131k€241k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€49k€117k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€13k-
Other operating charges640/8€33k€5k▼
Gross operating margin9900€883k€678k▼
Operating profit (loss)9901€657k€315k▼
Financial income75/76B€105€3k▲
Recurring financial income75€105€3k▲
Financial charges65/66B€25k€29k▲
Recurring financial charges65€25k€29k▲
Profit (loss) for the period before taxes9903€632k€290k▼
Income taxes67/77€156k€73k▼
Profit (loss) for the period9904€476k€217k▼
Transfer to tax-exempt reserves689€158k-
Profit (loss) for the period to be appropriated9905€318k€217k▼
Appropriation of the result
Profit (loss) to be appropriated9906€318k€217k▼
Transfer to equity691/2€318k€217k▼
To other reserves6921€318k€217k▼
Social balance
Average headcount (FTE)9087-4.2
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €9k | €74k | €131k | €241k | ▲ 84.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39k | €65k | €71k | €49k | €117k | ▲ 141% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €13k | - | - |
| Other operating charges640/8 | €3k | €1k | €3k | €33k | €5k | ▼ 85.5% |
| Gross operating margin9900 | €115k | €117k | €210k | €883k | €678k | ▼ 23.2% |
| Operating profit (loss)9901 | €72k | €42k | €61k | €657k | €315k | ▼ 52.0% |
| Financial income75/76B | €24 | €18 | €62 | €105 | €3k | ▲ 3,222% |
| Recurring financial income75 | €24 | €18 | €62 | €105 | €3k | ▲ 3,222% |
| Financial charges65/66B | €2k | €4k | €7k | €25k | €29k | ▲ 15.3% |
| Recurring financial charges65 | €2k | €4k | €7k | €25k | €29k | ▲ 15.3% |
| Profit (loss) for the period before taxes9903 | €70k | €38k | €54k | €632k | €290k | ▼ 54.1% |
| Income taxes67/77 | €172 | €4k | €10k | €156k | €73k | ▼ 52.9% |
| Profit (loss) for the period9904 | €70k | €34k | €44k | €476k | €217k | ▼ 54.5% |
| Transfer to tax-exempt reserves689 | - | - | - | €158k | - | - |
| Profit (loss) for the period to be appropriated9905 | €70k | €34k | €44k | €318k | €217k | ▼ 32.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €700k | €815k | €949k | €1.44M | €1.85M | ▲ 28.4% |
| Fixed assets21/28 | €488k | €446k | €514k | €444k | €440k | ▼ 0.8% |
| Intangible fixed assets21 | €875 | €575 | €275 | - | - | - |
| Tangible fixed assets22/27 | €480k | €429k | €473k | €374k | €370k | ▼ 1.0% |
| Land and buildings22 | €270k | €271k | €272k | - | - | - |
| Plant, machinery and equipment23 | €150k | €116k | €113k | €347k | €267k | ▼ 23.1% |
| Furniture and vehicles24 | €60k | €42k | €88k | €26k | €101k | ▲ 284% |
| Other tangible fixed assets26 | - | - | - | - | €2k | - |
| Financial fixed assets28 | €8k | €16k | €40k | €70k | €70k | = |
| Current assets29/58 | €212k | €369k | €436k | €994k | €1.41M | ▲ 41.4% |
| Stocks and contracts in progress3 | - | €155k | €275k | €213k | €863k | ▲ 306% |
| Stocks30/36 | - | - | - | €60k | €90k | ▲ 50.0% |
| Contracts in progress37 | - | €155k | €275k | €153k | €773k | ▲ 407% |
| Amounts receivable within one year40/41 | €187k | €168k | €29k | €641k | €472k | ▼ 26.3% |
| Trade receivables40 | €108k | €166k | €19k | €585k | €454k | ▼ 22.4% |
| Other amounts receivable41 | €79k | €2k | €10k | €56k | €19k | ▼ 66.3% |
| Cash at bank and in hand54/58 | €24k | €43k | €122k | €129k | €62k | ▼ 51.5% |
| Deferred charges and accrued income490/1 | €1k | €4k | €9k | €12k | €7k | ▼ 39.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €700k | €815k | €949k | €1.44M | €1.85M | ▲ 28.4% |
| Equity10/15 | €150k | €184k | €228k | €704k | €895k | ▲ 27.2% |
| Contributions10/11 | €45k | €45k | €45k | €45k | €45k | = |
| Reserves13 | €105k | €139k | €183k | €659k | €850k | ▲ 29.0% |
| Tax-exempt reserves132 | - | - | - | €158k | €158k | = |
| Distributable reserves133 | €105k | €139k | €183k | €501k | €692k | ▲ 38.2% |
| Amounts payable17/49 | €551k | €631k | €722k | €734k | €950k | ▲ 29.5% |
| Amounts payable after more than one year17 | €455k | €489k | €462k | €174k | €371k | ▲ 113% |
| Financial debts170/4 | €455k | €489k | €462k | €174k | €371k | ▲ 113% |
| Amounts payable within one year42/48 | €95k | €142k | €258k | €558k | €579k | ▲ 3.7% |
| Current portion of amounts payable after more than one year42 | €57k | €70k | €88k | €53k | €100k | ▲ 88.9% |
| Trade debts44 | €38k | €20k | €108k | €396k | €432k | ▲ 9.3% |
| Suppliers440/4 | €38k | €20k | €108k | €396k | €432k | ▲ 9.3% |
| Taxes, remuneration and social security45 | €172 | €5k | €15k | €61k | €39k | ▼ 35.9% |
| Taxes450/3 | €172 | €5k | €2k | €43k | €3k | ▼ 93.8% |
| Remuneration and social security454/9 | - | €266 | €13k | €17k | €36k | ▲ 108% |
| Other amounts payable47/48 | €262 | €47k | €47k | €49k | €8k | ▼ 84.5% |
| Accrued charges and deferred income492/3 | - | - | €1k | €1k | €55 | ▼ 95.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €70k | €34k | €44k | €476k | €217k | ▼ 54.5% |
| + Depreciation and write-downs630 | €39k | €65k | €71k | €49k | €117k | ▲ 141% |
| Operating cash flow (approximation) | €109k | €99k | €115k | €525k | €334k | ▼ 36.4% |
| Investment in fixed assets (approximation) | - | €-23k | €-139k | €21k | €-113k | ▼ 634% |
| Change in cash | - | €18k | €80k | €6k | €-66k | ▼ 1,128% |
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
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2020net €476k ▲988%
Operating result €657k, net result €476k, both a record.
30-09
Financial
Equity above €500kEq €704k ▲209%
5 profitable years in a row build equity to €704k.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Equity above €200kEq €228k ▲23.8%
4 profitable years in a row build equity to €228k.
25-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet €34k ▼51.3%
Net result drops to €34k, the lowest in the series; recovery starts the following year.
30-09
Financial
Equity above €150kEq €184k ▲22.7%
3 profitable years in a row build equity to €184k.
02-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
30-09
Financial
Equity above €100kEq €150k ▲87.1%
2 profitable years in a row build equity to €150k.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Zottegem · 1 establishment unit since 2019
Ground area
2,076 m²
Building footprint
974 m²
Volume, LiDAR
5,737 m³
Parcel 41023A0744/00T000, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
MVA Engineering
since 20192.293.524.715
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41023A0744/00T000 | Flanders | 2,075 m² | 1 · 974 m² | 7.0 m · 2 fl. |
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
2023 to 2025 · 2 entries · 3,673 EUR awarded · 3,673 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,868 EUR | 2,868 EUR |
| 2023 | 1 | 805 EUR | 805 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
2 categoriesMVA Engineering BV45093
Similar companies · same sector, comparable size
LEROY C. en A.
BE 0427.198.787
Puurs-Sint-Amands · Eq €899k
VERANDAIR
BE 0441.314.861
Couvin · Eq €890k
Marcel HALLOIN
BE 0439.619.638
Fleurus · Eq €888k
Desender - Desmedt
BE 0447.414.478
Zedelgem · Eq €887k
MOORS - RAMEN EN DEUREN
BE 0437.214.434
Houthalen-Helchteren · Eq €904k
Of 568 companies in sector 28120 we hold annual accounts for 492. 404 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
Founded11-09-2019
Fiscal year end30-09
Activities, NACEBEL 2025
28120Manufacture of machinery and equipment not elsewhere classified
43211General electrical installation work
25110Manufacture of metal structures and parts of structures
42919Civil engineering
Contact
Website
www.mva-engineering.be
E-mail
info@mva-engineering.be
Scores and ratios are computed by Checked and are not a credit decision.