MVB PROJECT
ActiveSummary
The computed 12-month bankruptcy probability of MVB PROJECT is 3.8% (moderate). The 2025 annual accounts show equity of €195,746 and a net result of €88,263. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 77% of 13560 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
Profitability100=
Solvency87▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
3.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 2.35 against 1.94 in 2024; short-term debt: 37.6% and cash: 58.6% of total assets), and 38.1% 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
Six 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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
61.9%
Return on assets
27.9%
Age of the figures
9 mo
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
202122232425
2020 to 2025 · latest year €195,746
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 · 6 filingsDeviation from the deadline
2025
25 d late
2024
47 d late
2023
27 d late
2022
30 d late
2021
31 d late
2020
24 d late
← 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 31 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% 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, micro schema
Equity
€195,746▲ 82.1%
2024 · €107,483
Total assets
€316,248▲ 50.0%
2024 · €210,766
Net result
€88,263▲ 1.3%
2024 · €87,169
Working capital
€161,103▲ 86.0%
2024 · €86,629
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
Operating result-€5,248€12,264€17,457▲ 42.3%€130,847▲ 650%€131,591▲ 0.6%
Net result-€7,762€8,471€10,313▲ 21.8%€87,169▲ 745%€88,263▲ 1.3%
Equity€18,056▼ 30.1%€26,526▲ 46.9%€36,840▲ 38.9%€107,483▲ 192%€195,746▲ 82.1%
Total assets€108,553▲ 11.4%€111,977▲ 3.2%€136,166▲ 21.6%€210,766▲ 54.8%€316,248▲ 50.0%
Debt€90,498▲ 26.3%€85,450▼ 5.6%€99,326▲ 16.2%€103,283▲ 4.0%€120,503▲ 16.7%
Working capital€24,214▼ 32.3%€23,734▼ 2.0%€27,865▲ 17.4%€86,629▲ 211%€161,103▲ 86.0%
Staff (FTE)0.21▲ 400%0.6▼ 40.0%0.6=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 1% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €316,248
Fixed assets
€36,194 ▲ 12.2%
Current assets
€280,054 ▲ 56.9%
Equity and liabilities €316,248
Equity
€195,746 ▲ 82.1%
Debt
€120,503 ▲ 16.7%
Debt's share of the balance-sheet total falls from 49.0% to 38.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€138,138▲
2024 · €135,424
Cash flow
€94,810▲
2024 · €91,746
Current ratio
2.35▲
2024 · 1.94
Debt to equity
0.62▼
2024 · 0.96
ROE
45.1%▼
2024 · 81.1%
ROA
27.9%▼
2024 · 41.4%
Interest coverage
60.67▼
2024 · 62.85
Debt ≤ 1 year
€118,951▲
2024 · €91,880
Debt > 1 year
€1,552▼
2024 · €7,665
Income taxes
€41,783▼
2024 · €42,019
Staff costs
€26,772▼
2024 · €29,761
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.8% 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 497,058 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 26,964 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €3,765 | €6,989 | €4,806 | €29,761 | €26,772 | ▼ 10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,093 | €4,183 | €4,183 | €4,577 | €6,547 | ▲ 43.1% |
| Other operating charges640/8 | €2,627 | €8,516 | €8,815 | €29,331 | €10,446 | ▼ 64.4% |
| Gross operating margin9900 | €5,237 | €31,953 | €35,261 | €194,516 | €175,357 | ▼ 9.8% |
| Operating profit (loss)9901 | -€5,248 | €12,264 | €17,457 | €130,847 | €131,591 | ▲ 0.6% |
| Financial income75/76B | €34 | €201 | €349 | €496 | €732 | ▲ 47.6% |
| Recurring financial income75 | €34 | €201 | €349 | €496 | €732 | ▲ 47.6% |
| Financial charges65/66B | €2,548 | €2,332 | €1,943 | €2,155 | €2,277 | ▲ 5.7% |
| Recurring financial charges65 | €2,548 | €2,332 | €1,943 | €2,155 | €2,277 | ▲ 5.7% |
| Profit (loss) for the period before taxes9903 | -€7,762 | €10,134 | €15,863 | €129,188 | €130,045 | ▲ 0.7% |
| Income taxes67/77 | €0 | €1,663 | €5,550 | €42,019 | €41,783 | ▼ 0.6% |
| Profit (loss) for the period9904 | -€7,762 | €8,471 | €10,313 | €87,169 | €88,263 | ▲ 1.3% |
| Profit (loss) for the period to be appropriated9905 | -€7,762 | €8,471 | €10,313 | €87,169 | €88,263 | ▲ 1.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €108,553 | €111,977 | €136,166 | €210,766 | €316,248 | ▲ 50.0% |
| Fixed assets21/28 | €33,749 | €29,565 | €25,382 | €32,257 | €36,194 | ▲ 12.2% |
| Intangible fixed assets21 | €4,939 | €4,339 | €3,739 | €3,139 | €2,539 | ▼ 19.1% |
| Tangible fixed assets22/27 | €28,810 | €25,226 | €21,643 | €29,118 | €33,655 | ▲ 15.6% |
| Plant, machinery and equipment23 | €27,987 | €24,587 | €21,187 | €17,787 | €14,387 | ▼ 19.1% |
| Furniture and vehicles24 | €823 | €640 | €457 | €273 | €9,355 | ▲ 3,324% |
| Other tangible fixed assets26 | - | - | - | €11,059 | €9,913 | ▼ 10.4% |
| Current assets29/58 | €74,805 | €82,411 | €110,784 | €178,509 | €280,054 | ▲ 56.9% |
| Amounts receivable within one year40/41 | €40,967 | €56,274 | €46,728 | €62,477 | €94,024 | ▲ 50.5% |
| Trade receivables40 | €39,818 | €51,532 | €43,589 | €52,690 | €76,958 | ▲ 46.1% |
| Other amounts receivable41 | €1,149 | €4,741 | €3,139 | €9,787 | €17,066 | ▲ 74.4% |
| Cash at bank and in hand54/58 | €33,838 | €26,138 | €63,814 | €115,578 | €185,316 | ▲ 60.3% |
| Deferred charges and accrued income490/1 | - | - | €242 | €454 | €714 | ▲ 57.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €108,553 | €111,977 | €136,166 | €210,766 | €316,248 | ▲ 50.0% |
| Equity10/15 | €18,056 | €26,526 | €36,840 | €107,483 | €195,746 | ▲ 82.1% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | €8,056 | €16,526 | €26,840 | €97,483 | €185,746 | ▲ 90.5% |
| Distributable reserves133 | €8,056 | €16,526 | €26,840 | €97,483 | €185,746 | ▲ 90.5% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €90,498 | €85,450 | €99,326 | €103,283 | €120,503 | ▲ 16.7% |
| Amounts payable after more than one year17 | €25,114 | €19,442 | €13,627 | €7,665 | €1,552 | ▼ 79.8% |
| Financial debts170/4 | €25,114 | €19,442 | €13,627 | €7,665 | €1,552 | ▼ 79.8% |
| Amounts payable within one year42/48 | €50,591 | €58,678 | €82,919 | €91,880 | €118,951 | ▲ 29.5% |
| Current portion of amounts payable after more than one year42 | €5,532 | €5,672 | €5,815 | €5,962 | €6,113 | ▲ 2.5% |
| Financial debts43 | - | - | - | €6,772 | €8,426 | ▲ 24.4% |
| Credit institutions430/8 | - | - | - | €6,772 | €8,426 | ▲ 24.4% |
| Trade debts44 | €38,981 | €34,024 | €43,686 | €38,039 | €47,685 | ▲ 25.4% |
| Suppliers440/4 | €38,981 | €34,024 | €43,686 | €38,039 | €47,685 | ▲ 25.4% |
| Advances received on contracts in progress46 | - | - | €10,527 | €0 | €4,661 | - |
| Taxes, remuneration and social security45 | €4,100 | €18,982 | €22,892 | €41,107 | €52,066 | ▲ 26.7% |
| Taxes450/3 | €4,100 | €18,198 | €16,780 | €41,107 | €52,066 | ▲ 26.7% |
| Remuneration and social security454/9 | - | €784 | €6,112 | €0 | - | - |
| Other amounts payable47/48 | €1,978 | €0 | - | - | - | - |
| Accrued charges and deferred income492/3 | €14,793 | €7,330 | €2,780 | €3,738 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,762 | €8,471 | €10,313 | €87,169 | €88,263 | ▲ 1.3% |
| + Depreciation and write-downs630 | €4,093 | €4,183 | €4,183 | €4,577 | €6,547 | ▲ 43.1% |
| Operating cash flow (approximation) | -€3,669 | €12,654 | €14,497 | €91,746 | €94,810 | ▲ 3.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€11,452 | -€10,484 | ▲ 8.4% |
| Change in cash | - | -€7,700 | €37,676 | €51,764 | €69,738 | ▲ 34.7% |
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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
31-12
Financial
Highest result since 2020net €88,263 ▲1.3%
Operating result €131,591, net result €88,263, both a record.
31-12
Financial
Equity above €150,000Eq €195,746 ▲82.1%
4 profitable years in a row build equity to €195,746.
16-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 47 days late
2024
31-12
Financial
Equity above €100,000Eq €107,483 ▲192%
3 profitable years in a row build equity to €107,483.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Back to profitnet €8,471
Net result €8,471 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet -€7,762
Net result drops to -€7,762, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
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, Oostende · 2 establishment units since 2020
Ground area
631 m²
Building footprint
629 m²
Volume, LiDAR
7,787 m³
2 parcels, Flanders · tallest building 23.3 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
2 establishment units
SNOOKER PARIS
since 20202.299.236.827
DE KRAEYE
since 20202.299.236.926
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35013A0231/00G000 | Flanders | 469 m² | 1 · 469 m² | 23.3 m · 4 fl. |
| 35005A0815/00H000 | Flanders | 162 m² | 1 · 160 m² | 11.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesGistel2.299.236.926
Oostende2.299.236.827
Similar companies · same sector, comparable size
Padel Club Bayards
BE 0775.748.689
Liège · Eq €195,709
KLEA
BE 0847.135.543
Sint-Jans-Molenbeek · Eq €196,420
JOINT JOINT
BE 0832.290.583
Lessines · Eq €196,512
BEKE CHRIS
BE 0460.497.305
Oostkamp · Eq €196,572
BAR LEON
BE 0830.730.863
Antwerpen · Eq €196,971
Of 14,005 companies in sector 56301 we hold annual accounts for 4,893. 3,130 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
Founded07-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
56112Limited-service restaurants, excluding mobile food services
92000Gambling and betting activities
93292Sports, amusement and recreation activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0743401862
Also
9925:BE0743401862
Registered
05-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.