MvB
ActiveSummary
MvB has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €134,153 and a net result of €10,025. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 95% of 37 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▼-8
Solvency100=
Growth72▼-6
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 2.73 against 0.46 in 2024; short-term debt: 2.5% and cash: 3.5% of total assets), and 2.5% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 30
Relative position
BE, all sectors
reference
Manufacture of other transport equipment (NACE 30)
about 67% more 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
97.5%
Return on assets
7.3%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €134,153
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
7 d early
2023
28 d early
2022
21 d early
2021
8 d early
2020
23 d early
2019
6 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 14 days before the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 30% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Turnover
€49,538▼ 18.9%
2024 · €61,049
EBIT margin
21.3%▼ 19.0pp
2024 · 40.3%
Net result
€10,025▼ 57.8%
2024 · €23,784
Working capital
€6,084
2024 · -€12,335
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
Turnover€33,303▲ 16.1%€50,367▲ 51.2%€80,711▲ 60.2%€61,049▼ 24.4%€49,538▼ 18.9%
Operating result€12,974▲ 59.4%€34,653▲ 167%€58,522▲ 68.9%€24,610▼ 57.9%€10,541▼ 57.2%
Net result€12,727▲ 79.1%€34,658▲ 172%€58,457▲ 68.7%€23,784▼ 59.3%€10,025▼ 57.8%
EBIT margin39.0%▲ 10.6pp68.8%▲ 29.8pp72.5%▲ 3.7pp40.3%▼ 32.2pp21.3%▼ 19.0pp
Equity€7,229€41,887▲ 479%€100,344▲ 140%€124,128▲ 23.7%€134,153▲ 8.1%
Total assets€122,586▼ 8.0%€119,790▼ 2.3%€136,525▲ 14.0%€147,915▲ 8.3%€137,660▼ 6.9%
Debt€115,357▼ 16.9%€77,903▼ 32.5%€36,181▼ 53.6%€23,787▼ 34.3%€3,507▼ 85.3%
Working capital-€110,058▲ 14.9%-€73,418▲ 33.3%-€28,837▲ 60.7%-€12,335▲ 57.2%€6,084
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 57% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €137,660
Fixed assets
€128,069 ▼ 6.7%
Current assets
€9,591 ▼ 9.3%
Equity and liabilities €137,660
Equity
€134,153 ▲ 8.1%
Debt
€3,507 ▼ 85.3%
Debt's share of the balance-sheet total falls from 16.1% to 2.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€19,808▼
2024 · €34,170
Cash flow
€19,292▼
2024 · €33,344
Current ratio
2.73▲
2024 · 0.46
Quick ratio
2.08▲
2024 · 0.36
Debt to equity
0.03▼
2024 · 0.19
ROE
7.5%▼
2024 · 19.2%
ROA
7.3%▼
2024 · 16.1%
Interest coverage
38.39▼
2024 · 41.37
Debt ≤ 1 year
€3,507▼
2024 · €22,914
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,672 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €33,303 | €50,367 | €80,711 | €61,049 | €49,538 | ▼ 18.9% |
| Goods, raw materials, services and sundry goods60/61 | €10,492 | €9,064 | €13,679 | €25,441 | €28,319 | ▲ 11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,808 | €5,342 | €7,103 | €9,560 | €9,267 | ▼ 3.1% |
| Other operating charges640/8 | €2,029 | €1,308 | €1,407 | €1,438 | €1,411 | ▼ 1.9% |
| Gross operating margin9900 | €22,811 | €41,303 | €67,032 | €35,608 | €21,219 | ▼ 40.4% |
| Operating profit (loss)9901 | €12,974 | €34,653 | €58,522 | €24,610 | €10,541 | ▼ 57.2% |
| Financial income75/76B | - | €102 | - | - | - | - |
| Recurring financial income75 | - | €102 | - | - | - | - |
| Financial charges65/66B | €247 | €97 | €65 | €826 | €516 | ▼ 37.5% |
| Recurring financial charges65 | €247 | €97 | €65 | €826 | €516 | ▼ 37.5% |
| Profit (loss) for the period before taxes9903 | €12,727 | €34,658 | €58,457 | €23,784 | €10,025 | ▼ 57.8% |
| Profit (loss) for the period9904 | €12,727 | €34,658 | €58,457 | €23,784 | €10,025 | ▼ 57.8% |
| Profit (loss) for the period to be appropriated9905 | €12,727 | €34,658 | €58,457 | €23,784 | €10,025 | ▼ 57.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €122,586 | €119,790 | €136,525 | €147,915 | €137,660 | ▼ 6.9% |
| Fixed assets21/28 | €117,287 | €115,305 | €129,181 | €137,336 | €128,069 | ▼ 6.7% |
| Tangible fixed assets22/27 | €117,287 | €115,305 | €129,181 | €137,186 | €127,919 | ▼ 6.8% |
| Land and buildings22 | €110,756 | €107,260 | €103,764 | €100,268 | €96,772 | ▼ 3.5% |
| Plant, machinery and equipment23 | €4,608 | €4,363 | €17,632 | €17,778 | €16,695 | ▼ 6.1% |
| Furniture and vehicles24 | €1,923 | €3,682 | €7,785 | €19,140 | €14,452 | ▼ 24.5% |
| Financial fixed assets28 | - | - | - | €150 | €150 | = |
| Current assets29/58 | €5,299 | €4,485 | €7,344 | €10,579 | €9,591 | ▼ 9.3% |
| Stocks and contracts in progress3 | €2,296 | €2,296 | €2,296 | €2,296 | €2,296 | = |
| Stocks30/36 | €2,296 | €2,296 | €2,296 | €2,296 | €2,296 | = |
| Amounts receivable within one year40/41 | €1,338 | - | €812 | €7,398 | €2,421 | ▼ 67.3% |
| Trade receivables40 | €575 | - | €756 | €7,349 | €2,421 | ▼ 67.1% |
| Other amounts receivable41 | €763 | - | €56 | €49 | - | - |
| Cash at bank and in hand54/58 | €1,665 | €2,189 | €4,236 | €885 | €4,874 | ▲ 451% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €122,586 | €119,790 | €136,525 | €147,915 | €137,660 | ▼ 6.9% |
| Equity10/15 | €7,229 | €41,887 | €100,344 | €124,128 | €134,153 | ▲ 8.1% |
| Contributions10/11 | €105,792 | €105,792 | €105,792 | €105,792 | €105,792 | = |
| Reserves13 | €4,371 | €4,371 | €4,371 | €4,371 | €4,371 | = |
| Non-distributable reserves130/1 | €1,864 | €1,864 | €1,864 | €1,864 | €1,864 | = |
| Reserves not available under the articles1311 | €1,864 | €1,864 | €1,864 | €1,864 | €1,864 | = |
| Tax-exempt reserves132 | €2,507 | €2,507 | €2,507 | €2,507 | €2,507 | = |
| Profit (loss) carried forward14 | -€102,934 | -€68,276 | -€9,819 | €13,965 | €23,990 | ▲ 71.8% |
| Amounts payable17/49 | €115,357 | €77,903 | €36,181 | €23,787 | €3,507 | ▼ 85.3% |
| Amounts payable after more than one year17 | - | - | - | €873 | - | - |
| Financial debts170/4 | - | - | - | €873 | - | - |
| Amounts payable within one year42/48 | €115,357 | €77,903 | €36,181 | €22,914 | €3,507 | ▼ 84.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €10,205 | €873 | ▼ 91.4% |
| Trade debts44 | - | - | - | - | €26 | - |
| Suppliers440/4 | - | - | - | - | €26 | - |
| Taxes, remuneration and social security45 | €189 | €1,444 | €701 | €1,306 | €1,773 | ▲ 35.8% |
| Taxes450/3 | €189 | €1,444 | €701 | €1,306 | €1,773 | ▲ 35.8% |
| Other amounts payable47/48 | €115,168 | €76,459 | €35,480 | €11,403 | €835 | ▼ 92.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,727 | €34,658 | €58,457 | €23,784 | €10,025 | ▼ 57.8% |
| + Depreciation and write-downs630 | €7,808 | €5,342 | €7,103 | €9,560 | €9,267 | ▼ 3.1% |
| Operating cash flow (approximation) | €20,535 | €40,000 | €65,560 | €33,344 | €19,292 | ▼ 42.1% |
| Investment in fixed assets (approximation) | - | -€3,360 | -€20,979 | -€17,715 | €0 | ▲ 100% |
| Change in cash | - | €524 | €2,047 | -€3,351 | €3,989 | ▲ 219% |
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
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Liquidity times 6current ratio 2.73
Current ratio from 0.46 to 2.73; short-term debt falls from €22,914 to €3,507.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €58,457 ▲68.7%
Operating result €58,522, net result €58,457, both a record.
31-12
Financial
Equity above €100,000Eq €100,344 ▲140%
6 profitable years in a row build equity to €100,344.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
23-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
25-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €2,451 ▼45.9%
Net result drops to €2,451, the lowest in the series; recovery starts the following year.
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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, Bilzen-Hoeselt · 1 establishment unit since 2011
Ground area
5,329 m²
Building footprint
2,921 m²
Volume, LiDAR
18,288 m³
Parcel 73006F0880/00G000, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MvB
since 20112.203.152.882
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73006F0880/00G000 | Flanders | 5,329 m² | 1 · 2,921 m² | 7.6 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.
Similar companies · same sector, comparable size
BUILT TO ORDER
BE 0778.307.907
Boechout · Eq €174,919
SMARTSHIP
BE 0739.985.581
Gent · Eq €101,491
ONAK
BE 0628.757.859
Gent · Eq €183,368
SPITS
BE 0435.676.389
Seneffe · Eq €57,730
QB1 RACING
BE 0797.086.711
Oostende · Eq €42,153
Of 27 companies in sector 30120 we hold annual accounts for 15. 8 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
Founded28-09-2011
Fiscal year end31-12
Activities, NACEBEL 2025
30120Manufacture of other transport equipment
30110Manufacture of other transport equipment
31001Manufacture of furniture
31009Manufacture of furniture
47521Retail sale of hardware, building materials, paint and glass (general range)
81220Other building cleaning and industrial cleaning
Contact
Phone
0494/34.36.52
E-invoicing
Reachable via Peppol
Peppol ID
0208:0839709105
Also
9925:BE0839709105
Registered
26-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.