MVcore
ActiveSummary
MVcore has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11,233 and a net result of €11,133. Its solvency ranks better than 59% of 2,593 sector peers (NACE 85, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
- Equity
- €11,233
- Profit
- €11,133
Why 89raises riskLast filed accounts filed 76 days late; 1 of the last 3 late1 change of registered office in 24 monthslowers riskSector: Education (NACE 85)Liquidity: current ratio 2.04, cash €13,270Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 85, micro): better than 58% on solvency, 68% on liquidity and 90% on profitability.
The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · micro…
- Registered officeRegistered-office move
- IncorporationAppointment: VERHAEGEN Maxim (director) ·…
Financials · financial year 2025, micro format
2025 annual accounts filed late (76 days) Filed on 15 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00561264.
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Peer companies
Historical observationOf the 11,279 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 96.6% are still going.
- Micro
- under 2 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,445 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% | 0.9% |
| 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 74.5% 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 11,279 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.
| Line | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €210 |
| Gross operating margin9900 | €14,634 |
| Operating profit (loss)9901 | €14,424 |
| Financial charges65/66B | €16 |
| Recurring financial charges65 | €16 |
| Profit (loss) for the period before taxes9903 | €14,408 |
| Income taxes67/77 | €3,275 |
| Profit (loss) for the period9904 | €11,133 |
| Profit (loss) for the period to be appropriated9905 | €11,133 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €20,318 | |
| Fixed assets21/28 | €1,761 | |
| Tangible fixed assets22/27 | €1,761 | |
| Furniture and vehicles24 | €1,761 | |
| Current assets29/58 | €18,557 | |
| Amounts receivable within one year40/41 | €5,287 | |
| Trade receivables40 | €5,287 | |
| Cash at bank and in hand54/58 | €13,270 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €20,318 | |
| Equity10/15 | €11,233 | |
| Contributions10/11 | €100 | |
| Profit (loss) carried forward14 | €11,133 | |
| Amounts payable17/49 | €9,085 | |
| Amounts payable within one year42/48 | €9,085 | |
| Trade debts44 | €481 | |
| Suppliers440/4 | €481 | |
| Taxes, remuneration and social security45 | €6,713 | |
| Taxes450/3 | €6,713 | |
| Other amounts payable47/48 | €1,891 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €11,133 |
| + Depreciation and write-downs630 | €210 |
| Operating cash flow (approximation) | €11,343 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 15-10-2026 | 2026-00561264 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| VERHAEGEN Maxim |
|
Owners and capital
Capital and shareholders
- VERHAEGEN Maxim 100 shares (100%) · €100 in cash
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 15-01-2025 Incorporation · €100 · 100 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
03-02
Gazette deed
Registered officeRegistered-office move2 facts ▸
- Board meeting, 20-01-2026
- Registered-office move, Clos Pégase 12 - 1410 Waterloo
15-01
Gazette deed
IncorporationAppointment: VERHAEGEN Maxim (director) · Founder · Founding capital11 facts ▸
- Founder, VERHAEGEN Maxim
- Incorporation, 10-01-2025
- Founding capital, €100
- Bank account, “BE73 0019 9818 6660”, EUR (deed in French)
- General meeting, “assemblée générale exercée par le comparant unique, à dater du dépôt au greffe d'une expédition de l'acte constitutif” (deed in French)
- Registered office clause, “1476 Genappe(Section d'Houtain-le-Val),Rue de Nivelles,numéro 13 boîte D” (deed in French)
- Other provision, “site internet et adresse électronique” (deed in French)
- Board rule, 1
- Director appointment, VERHAEGEN Maxim (director (not named in the articles))
- Other provision, “représentant permanent” (deed in French)
- Pre-incorporation commitments, MVcore
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25764N0628/00A000 | Wallonia | 1,525 m² | 1 · 215 m² | - |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Toutes opérations se rapportant directement ou indirectement aux activités de coaching,promotions et d'organisations d'activités sportives…” (deed in French)
8 activities (deed in French)
- Toutes opérations se rapportant directement ou indirectement aux activités de coaching,promotions et d'organisations d'activités sportives telles que des activités liées directement ou indirectement au milieu du sport,d'évènements sportifs,de stages sportifs et récréatifs,de voyages à l'étranger
- Collaborer avec tous tiers,personnes physiques ou morales afin de fournir tous avis,conseils,formations et assistance en matière de stratégie,d'organisation,de management et de gestion des ressources humaines
- Accomplir toutes opérations commerciales,industrielles,économiques,financières,mobilières ou immobilières se rapportant directement ou indirectement à son objet
- Se porter caution et donner toute sûreté personnelle ou réelle en faveur de toute personne ou société liée ou non
- Pleine capacité juridique pour accomplir tous les actes et opérations de nature commerciale,industrielle,économiques,financière,mobilière ou immobilière ayant un rapport direct ou indirect avec son objet ou qui seraient de nature à faciliter,directement ou indirectement,entièrement ou partiellement,la réalisation de cet objet
- S'intéresser par voie d'apport,de fusion,de souscription ou de toute autre manière dans toutes affaires,entreprises,associations ou sociétés,en Belgique ou à l'étranger,ayant un objet identique,analogue ou connexe au sien ou qui soit de nature à favoriser le développement de son entreprise à lui procurer des matières premières,à faciliter l'écoulement de ses produits ou de constituer pour elle une source de débouchés
- Se porter garant ou fournir des sûretés réelles pour des sociétés ou des personnes privées,au sens le plus large
- Exercer les fonctions d’administrateur ou liquidateur dans d’autres sociétés
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- MVcore
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, établi en Région wallonne” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Article 16. Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”
- Board ruleHow the board is made up, meets and takes decisions.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Tuesday of May at 18:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Assemblée générale, formes prévues pour modifications aux statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Si aucun autre liquidateur désigné, administrateurs en fonction” (deed in French)