MVB Confort
ActiveSummary
The computed 12-month bankruptcy probability of MVB Confort is 2.3% (moderate). The 2025 annual accounts show equity of €5,000 and a net result of €20,569. Equity is shrinking by ~21.7% per year across the filed fiscal years. Its solvency ranks better than 10% of 28281 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+8
Solvency28=
Growth58=
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
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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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
3.1%
Return on assets
12.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 28281 sector peers (2025).
NBB · sector comparisonPosition among 28281 sector peers
Solvency
better than 10%
← weakest
strongest →
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 16-03-2026, 137 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
137 d early
2024
76 d early
2023
131 d early
2022
62 d early
2021
51 d early
2020
36 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 82 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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. Usually files around 16 May (4 of the last 5 filed years within 54 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€5,000=
2024 · €5,000
Total assets
€161,629▼ 12.5%
2024 · €184,651
Net result
€20,569▲ 75.7%
2024 · €11,707
Working capital
-€66,788▼ 6.8%
2024 · -€62,507
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€53,534▲ 315%€11,887▼ 77.8%€42,888▲ 261%€17,663▼ 58.8%€28,728▲ 62.6%
Net result€45,495above the sector's middle half▲ 447%€7,688within the sector's middle half▼ 83.1%€30,272above the sector's middle half▲ 294%€11,707within the sector's middle half▼ 61.3%€20,569within the sector's middle half▲ 75.7%
Equity€58,815within the sector's middle half▲ 342%€66,503within the sector's middle half▲ 13.1%€5,000below the sector's middle half▼ 92.5%€5,000below the sector's middle half=€5,000below the sector's middle half=
Total assets€243,287within the sector's middle half▲ 24.3%€200,350within the sector's middle half▼ 17.6%€241,297within the sector's middle half▲ 20.4%€184,651within the sector's middle half▼ 23.5%€161,629within the sector's middle half▼ 12.5%
Debt€184,472▲ 1.2%€133,847▼ 27.4%€236,297▲ 76.5%€179,651▼ 24.0%€156,629▼ 12.8%
Working capital€19,514within the sector's middle half€18,859within the sector's middle half▼ 3.4%-€61,176below the sector's middle half-€62,507below the sector's middle half▼ 2.2%-€66,788below the sector's middle half▼ 6.8%
Solvency24.2%within the sector's middle half▲ 17.4pp33.2%within the sector's middle half▲ 9.0pp2.1%below the sector's middle half▼ 31.1pp2.7%below the sector's middle half▲ 0.6pp3.1%below the sector's middle half▲ 0.4pp
Current ratio1.24within the sector's middle half▲ 0.631.35within the sector's middle half▲ 0.110.65below the sector's middle half▼ 0.710.56below the sector's middle half▼ 0.080.51below the sector's middle half▼ 0.05
Return on assets (ROA)18.7%above the sector's middle half▲ 14.4pp3.8%within the sector's middle half▼ 14.9pp12.5%within the sector's middle half▲ 8.7pp6.3%within the sector's middle half▼ 6.2pp12.7%within the sector's middle half▲ 6.4pp
Staff (FTE)0.81▲ 25.0%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 63% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €161,629
Fixed assets
€91,172 ▼ 12.3%
Current assets
€70,457 ▼ 12.6%
Equity and liabilities €161,629
Equity
€5,000 =
Debt
€156,629 ▼ 12.8%
Debt's share of the balance-sheet total falls from 97.3% to 96.9%. Debt is lower.
Key figures and ratios
EBITDA
€56,848▲
2024 · €45,458
Cash flow
€48,689▲
2024 · €39,503
Quick ratio
0.39▼
2024 · 0.45
Debt to equity
31.33▼
2024 · 35.93
ROE
411.4%▲
2024 · 234.1%
Interest coverage
13.12▼
2024 · 13.53
Debt ≤ 1 year
€137,245▼
2024 · €143,165
Debt > 1 year
€19,384▼
2024 · €36,486
Income taxes
€9,386▲
2024 · €3,366
Staff costs
€13,692▲
2024 · €11,992
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,153 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 2,153 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €157 | - | €8,000 | - | - |
| Remuneration, social security and pensions62 | - | - | €5,968 | €11,992 | €13,692 | ▲ 14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,690 | €28,239 | €27,383 | €27,795 | €28,120 | ▲ 1.2% |
| Other operating charges640/8 | €849 | €746 | €1,340 | €3,112 | €677 | ▼ 78.2% |
| Non-recurring operating charges66A | - | - | - | - | €158 | - |
| Gross operating margin9900 | €80,073 | €40,873 | €77,580 | €60,562 | €71,376 | ▲ 17.9% |
| Operating profit (loss)9901 | €53,534 | €11,887 | €42,888 | €17,663 | €28,728 | ▲ 62.6% |
| Financial income75/76B | €10,876 | €1,385 | €1,813 | €770 | €5,560 | ▲ 622% |
| Recurring financial income75 | €10,876 | €1,385 | €1,813 | €770 | €5,560 | ▲ 622% |
| Financial charges65/66B | €3,330 | €2,406 | €2,910 | €3,360 | €4,335 | ▲ 29.0% |
| Recurring financial charges65 | €3,330 | €2,406 | €2,910 | €3,360 | €4,335 | ▲ 29.0% |
| Profit (loss) for the period before taxes9903 | €61,079 | €10,866 | €41,791 | €15,073 | €29,954 | ▲ 98.7% |
| Income taxes67/77 | €15,585 | €3,178 | €11,519 | €3,366 | €9,386 | ▲ 179% |
| Profit (loss) for the period9904 | €45,495 | €7,688 | €30,272 | €11,707 | €20,569 | ▲ 75.7% |
| Profit (loss) for the period to be appropriated9905 | €45,495 | €7,688 | €30,272 | €11,707 | €20,569 | ▲ 75.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €243,287 | €200,350 | €241,297 | €184,651 | €161,629 | ▼ 12.5% |
| Fixed assets21/28 | €143,788 | €127,994 | €129,224 | €103,993 | €91,172 | ▼ 12.3% |
| Intangible fixed assets21 | €85,054 | €75,054 | €65,054 | €55,054 | €45,054 | ▼ 18.2% |
| Tangible fixed assets22/27 | €58,558 | €52,765 | €63,995 | €48,764 | €45,942 | ▼ 5.8% |
| Plant, machinery and equipment23 | €20,298 | €28,311 | €50,383 | €41,973 | €34,786 | ▼ 17.1% |
| Furniture and vehicles24 | €9,706 | €3,475 | €209 | €965 | €11,157 | ▲ 1,056% |
| Leasing and similar rights25 | €28,554 | €20,978 | €13,402 | €5,826 | - | - |
| Financial fixed assets28 | €175 | €175 | €175 | €175 | €175 | = |
| Current assets29/58 | €99,499 | €72,356 | €112,073 | €80,658 | €70,457 | ▼ 12.6% |
| Stocks and contracts in progress3 | €20,770 | €14,430 | €20,030 | €16,257 | €17,117 | ▲ 5.3% |
| Stocks30/36 | €20,770 | €14,430 | €20,030 | €16,257 | €17,117 | ▲ 5.3% |
| Amounts receivable within one year40/41 | €14,039 | €8,831 | €10,988 | €8,767 | €8,352 | ▼ 4.7% |
| Trade receivables40 | €11,242 | €5,518 | €6,737 | €710 | €8,352 | ▲ 1,077% |
| Other amounts receivable41 | €2,796 | €3,313 | €4,251 | €8,058 | - | - |
| Cash at bank and in hand54/58 | €64,691 | €49,095 | €81,054 | €55,634 | €44,988 | ▼ 19.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €243,287 | €200,350 | €241,297 | €184,651 | €161,629 | ▼ 12.5% |
| Equity10/15 | €58,815 | €66,503 | €5,000 | €5,000 | €5,000 | = |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €53,815 | €61,503 | - | - | - | - |
| Distributable reserves133 | €53,815 | €61,503 | - | - | - | - |
| Amounts payable17/49 | €184,472 | €133,847 | €236,297 | €179,651 | €156,629 | ▼ 12.8% |
| Amounts payable after more than one year17 | €104,487 | €80,350 | €63,048 | €36,486 | €19,384 | ▼ 46.9% |
| Financial debts170/4 | €104,487 | €80,350 | €63,048 | €36,486 | €19,384 | ▼ 46.9% |
| Amounts payable within one year42/48 | €79,985 | €53,497 | €173,249 | €143,165 | €137,245 | ▼ 4.1% |
| Current portion of amounts payable after more than one year42 | €23,130 | €26,900 | €30,064 | €31,238 | €20,759 | ▼ 33.5% |
| Trade debts44 | €17,794 | €3,340 | €42,576 | €5,359 | €3,542 | ▼ 33.9% |
| Suppliers440/4 | €17,794 | €3,340 | €42,576 | €5,359 | €3,542 | ▼ 33.9% |
| Advances received on contracts in progress46 | - | - | - | €12,000 | - | - |
| Taxes, remuneration and social security45 | €13,468 | €9,585 | €3,950 | €3,519 | €5,801 | ▲ 64.8% |
| Taxes450/3 | €13,468 | €9,585 | €3,519 | €3,519 | €5,801 | ▲ 64.8% |
| Remuneration and social security454/9 | - | - | €431 | - | - | - |
| Other amounts payable47/48 | €25,593 | €13,673 | €96,659 | €91,049 | €107,144 | ▲ 17.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45,495 | €7,688 | €30,272 | €11,707 | €20,569 | ▲ 75.7% |
| + Depreciation and write-downs630 | €25,690 | €28,239 | €27,383 | €27,795 | €28,120 | ▲ 1.2% |
| Operating cash flow (approximation) | €71,185 | €35,927 | €57,656 | €39,503 | €48,689 | ▲ 23.3% |
| Investment in fixed assets (approximation) | - | -€12,445 | -€28,613 | -€2,565 | -€15,299 | ▼ 497% |
| Change in cash | - | -€15,597 | €31,960 | -€25,420 | -€10,647 | ▲ 58.1% |
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
16-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
16-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €7,688 ▼83.1%
Net result drops to €7,688, the lowest in the series; recovery starts the following year.
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2020net €45,495 ▲447%
Operating result €53,534, net result €45,495, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.24
Current ratio from 0.62 to 1.24.
25-06
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 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Limbourg · 1 establishment unit since 2020
Ground area
573 m²
Building footprint
77 m²
Volume, LiDAR
523 m³
Parcel 63009B0089/00F002, Wallonia · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MVB Confort
since 20202.304.403.858
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63009B0089/00F002 | Wallonia | 573 m² | 1 · 77 m² | 7.8 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.
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Of 9,537 companies in sector 43222 we hold annual accounts for 5,668. 1,606 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
Founded01-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
42211Civil engineering
42212Civil engineering
43221Plumbing work
43240Other construction installation
43350Other building finishing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0749661827
Also
9925:BE0749661827
Registered
15-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.