MVB PROJECTS
ActiveSummary
MVB PROJECTS has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €438,648 and a net result of €125,538. Equity is growing by ~39.7% per year across the filed fiscal years. Its solvency ranks better than 30% of 9537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▼-10
Solvency57▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity short (current ratio 0.77 against 0.63 in 2024; short-term debt: 39.5% and cash: 0.6% of total assets), and 68.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer 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
31.6%
Return on assets
9%
Age of the figures
12 mo
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
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 23-02-2026, 66 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
66 d early
2024
79 d early
2023
146 d early
2022
40 d early
2021
61 d early
2020
59 d early
2019
70 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 74 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
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
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€438,648▲ 40.1%
2024 · €313,110
Total assets
€1.4m▲ 1.8%
2024 · €1.4m
Net result
€125,538▼ 45.8%
2024 · €231,420
Working capital
-€125,815▲ 49.3%
2024 · -€248,131
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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€88,363▲ 181%€231,091▲ 162%€226,713▼ 1.9%€311,308▲ 37.3%€186,861▼ 40.0%
Net result€62,297above the sector's middle half▲ 183%€169,593above the sector's middle half▲ 172%€168,886above the sector's middle half▼ 0.4%€231,420above the sector's middle half▲ 37.0%€125,538above the sector's middle half▼ 45.8%
Equity€44,011within the sector's middle half▼ 46.7%€112,804within the sector's middle half▲ 156%€181,690above the sector's middle half▲ 61.1%€313,110above the sector's middle half▲ 72.3%€438,648above the sector's middle half▲ 40.1%
Total assets€798,848above the sector's middle half▲ 212%€540,238above the sector's middle half▼ 32.4%€680,823above the sector's middle half▲ 26.0%€1.4mabove the sector's middle half▲ 100%€1.4mabove the sector's middle half▲ 1.8%
Debt€754,837▲ 334%€427,434▼ 43.4%€499,133▲ 16.8%€1.1m▲ 111%€949,849▼ 9.6%
Working capital€61,516▲ 2,595%€124,189▲ 102%€193,185▲ 55.6%-€248,131-€125,815▲ 49.3%
Solvency5.5%below the sector's middle half▼ 26.7pp20.9%below the sector's middle half▲ 15.4pp26.7%within the sector's middle half▲ 5.8pp23.0%below the sector's middle half▼ 3.7pp31.6%within the sector's middle half▲ 8.6pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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 falls in 2025; 2025 is 40% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€966,421 ▲ 2.6%
Current assets
€422,076 =
Equity and liabilities €1.4m
Equity
€438,648 ▲ 40.1%
Debt
€949,849 ▼ 9.6%
Debt's share of the balance-sheet total falls from 77.0% to 68.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€240,307▼
2024 · €437,079
Cash flow
€178,983▼
2024 · €357,191
Current ratio
0.77▲
2024 · 0.63
Quick ratio
0.74▲
2024 · 0.60
Debt to equity
2.17▼
2024 · 3.36
ROE
28.6%▼
2024 · 73.9%
ROA
9.0%▼
2024 · 17.0%
Interest coverage
9.17▼
2024 · 45.84
Debt ≤ 1 year
€547,891▼
2024 · €670,064
Debt > 1 year
€401,958▲
2024 · €381,128
Income taxes
€35,117▼
2024 · €74,384
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,776 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
2.6%
stopped otherwise
97%
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 0.2% 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 6,776 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,006 | €10,352 | €10,172 | €125,771 | €53,445 | ▼ 57.5% |
| Other operating charges640/8 | - | €3,535 | €2,611 | €6,231 | €6,995 | ▲ 12.3% |
| Non-recurring operating charges66A | - | €2,178 | - | - | - | - |
| Gross operating margin9900 | €148,695 | €247,156 | €239,496 | €443,311 | €247,301 | ▼ 44.2% |
| Operating profit (loss)9901 | €88,363 | €231,091 | €226,713 | €311,308 | €186,861 | ▼ 40.0% |
| Financial income75/76B | - | - | - | €4,032 | - | - |
| Recurring financial income75 | - | - | - | €4,032 | - | - |
| Financial charges65/66B | - | €9,251 | €4,609 | €9,536 | €26,206 | ▲ 175% |
| Recurring financial charges65 | €5,779 | €9,251 | €4,609 | €9,536 | €26,206 | ▲ 175% |
| Profit (loss) for the period before taxes9903 | €82,584 | €221,840 | €222,105 | €305,804 | €160,655 | ▼ 47.5% |
| Income taxes67/77 | €20,287 | €52,247 | €53,219 | €74,384 | €35,117 | ▼ 52.8% |
| Profit (loss) for the period9904 | €62,297 | €169,593 | €168,886 | €231,420 | €125,538 | ▼ 45.8% |
| Profit (loss) for the period to be appropriated9905 | €62,297 | €169,593 | €168,886 | €231,420 | €125,538 | ▼ 45.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €798,848 | €540,238 | €680,823 | €1.4m | €1.4m | ▲ 1.8% |
| Fixed assets21/28 | €192,772 | €191,241 | €183,333 | €942,369 | €966,421 | ▲ 2.6% |
| Tangible fixed assets22/27 | €192,772 | €180,241 | €172,333 | €921,369 | €935,421 | ▲ 1.5% |
| Land and buildings22 | - | €177,364 | €169,589 | €916,157 | €880,506 | ▼ 3.9% |
| Furniture and vehicles24 | - | €2,084 | €2,744 | €5,212 | €54,916 | ▲ 954% |
| Other tangible fixed assets26 | - | €794 | - | - | - | - |
| Financial fixed assets28 | - | €11,000 | €11,000 | €21,000 | €31,000 | ▲ 47.6% |
| Current assets29/58 | €606,076 | €348,997 | €497,490 | €421,933 | €422,076 | = |
| Stocks and contracts in progress3 | €365,000 | €17,000 | €17,000 | €17,000 | €17,000 | = |
| Stocks30/36 | - | €17,000 | €17,000 | €17,000 | €17,000 | = |
| Amounts receivable within one year40/41 | €8,652 | €221,111 | €307,503 | €380,911 | €393,399 | ▲ 3.3% |
| Trade receivables40 | - | €14,641 | €83,503 | €75,911 | €19,844 | ▼ 73.9% |
| Other amounts receivable41 | - | €206,470 | €224,000 | €305,000 | €373,555 | ▲ 22.5% |
| Current investments50/53 | €1,900 | €2,500 | €150,000 | - | - | - |
| Cash at bank and in hand54/58 | €29,303 | €107,402 | €21,100 | €22,058 | €7,785 | ▼ 64.7% |
| Deferred charges and accrued income490/1 | - | €984 | €1,887 | €1,964 | €3,891 | ▲ 98.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €798,848 | €540,238 | €680,823 | €1.4m | €1.4m | ▲ 1.8% |
| Equity10/15 | €44,011 | €112,804 | €181,690 | €313,110 | €438,648 | ▲ 40.1% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | - | €18,600 | €18,600 | - | - | - |
| Other1109/19 | - | €18,600 | €18,600 | - | - | - |
| Reserves13 | €25,411 | €94,204 | €163,090 | €294,510 | €420,048 | ▲ 42.6% |
| Distributable reserves133 | - | €94,204 | €163,090 | €294,510 | €420,048 | ▲ 42.6% |
| Amounts payable17/49 | €754,837 | €427,434 | €499,133 | €1.1m | €949,849 | ▼ 9.6% |
| Amounts payable after more than one year17 | €210,277 | €202,626 | €194,828 | €381,128 | €401,958 | ▲ 5.5% |
| Financial debts170/4 | - | €202,626 | €194,828 | €381,128 | €401,958 | ▲ 5.5% |
| Amounts payable within one year42/48 | €544,560 | €224,808 | €304,305 | €670,064 | €547,891 | ▼ 18.2% |
| Current portion of amounts payable after more than one year42 | - | €7,650 | €7,799 | €18,450 | €31,760 | ▲ 72.1% |
| Financial debts43 | - | €7,551 | €7,683 | €6,000 | - | - |
| Credit institutions430/8 | - | €7,551 | €7,683 | €6,000 | - | - |
| Trade debts44 | €8,731 | €13,860 | €2,638 | €58,318 | €8,195 | ▼ 85.9% |
| Suppliers440/4 | - | €13,860 | €2,638 | €58,318 | €8,195 | ▼ 85.9% |
| Taxes, remuneration and social security45 | - | €21,076 | €26,754 | €37,870 | €9,156 | ▼ 75.8% |
| Taxes450/3 | - | €21,076 | €26,754 | €37,870 | €9,156 | ▼ 75.8% |
| Other amounts payable47/48 | - | €174,670 | €259,432 | €549,426 | €498,781 | ▼ 9.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €62,297 | €169,593 | €168,886 | €231,420 | €125,538 | ▼ 45.8% |
| + Depreciation and write-downs630 | €10,006 | €10,352 | €10,172 | €125,771 | €53,445 | ▼ 57.5% |
| Operating cash flow (approximation) | €72,303 | €179,945 | €179,058 | €357,191 | €178,983 | ▼ 49.9% |
| Investment in fixed assets (approximation) | - | -€8,822 | -€2,264 | -€884,807 | -€77,498 | ▲ 91.2% |
| Change in cash | - | €78,099 | -€86,302 | €959 | -€14,273 | ▼ 1,589% |
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
23-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
10-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2019net €231,420 ▲37%
Operating result €311,308, net result €231,420, both a record.
30-09
Financial
Equity above €200,000Eq €313,110 ▲72.3%
6 profitable years in a row build equity to €313,110.
2023
06-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-09
Financial
Equity above €150,000Eq €181,690 ▲61.1%
5 profitable years in a row build equity to €181,690.
21-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Equity above €100,000Eq €112,804 ▲156%
4 profitable years in a row build equity to €112,804.
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
02-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet €22,036 ▼48.4%
Net result drops to €22,036, the lowest in the series; recovery starts the following year.
20-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro 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.
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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, Antwerpen · 1 establishment unit since 2018
Ground area
1,217 m²
Building footprint
311 m²
Volume, LiDAR
1,825 m³
Parcel 11051B0338/00S000, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
MVB PROJECTS
since 20182.277.749.941
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11051B0338/00S000 | Flanders | 1,217 m² | 1 · 311 m² | 9.5 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.
Structure & network
Owners and holdings
4 holdingsOwners 0
The accounts to 30-09-2025 list no shareholders, and no other source names one.
Holdings 4
-
50%
-
33.33%
-
33.33%
-
10%
According to the annual accounts to 30-09-2025 of MVB PROJECTS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 11,577 companies in sector 71121 we hold annual accounts for 6,563. 4,561 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
Founded04-07-2018
Fiscal year end30-09
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0699601711
Also
9925:BE0699601711
Registered
15-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.