MVD
ActiveMVD has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-33k) and a net result of €-7k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 10345 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
40
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability27▲+23
Solvency3▼-8
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.82 against 0.6 in 2024; short-term debt: 44.7% and cash: 3.4% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-21.5%
Return on assets
-4.6%
Age of the figures
18 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-33k
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
30 d late
2022
4 d late
2021
2 d early
2020
30 d late
2019
48 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close21-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-33k▼ 27.5%
2024 · €-26k
2019: €337k
2020: €340k
2021: €230k
2022: €70k
2023: €26k
2024: €-26k
2019 → 2025
Total assets
€154k▼ 15.1%
2024 · €182k
2019: €950k
2020: €991k
2021: €832k
2022: €766k
2023: €562k
2024: €182k
2019 → 2025
Net result
€-7k▲ 86.3%
2024 · €-52k
2019: €102k
2020: €4k
2021: €-110k
2022: €-160k
2023: €-44k
2024: €-52k
2019 → 2025
Working capital
€-12k▲ 63.4%
2024 · €-34k
2019: €176k
2020: €204k
2021: €181k
2022: €131k
2023: €104k
2024: €-34k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€230k-€70k▼ 69.6%€26k▼ 62.7%€-26k€-33k▼ 27.5%
Operating result€-57k-€-104k▼ 81.1%€-8k▲ 91.9%€-16k▼ 85.7%€30k
Net result€-110k-€-160k▼ 45.6%€-44k▲ 72.6%€-52k▼ 18.9%€-7k▲ 86.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €30k after a loss of €16k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €154k
Fixed assets
€98k▼ 25.4%
Current assets
€56k▲ 11.5%
Key figures and ratios
EBITDA
€63k▲
2024 · €17k
Cash flow
€26k▲
2024 · €-19k
Solvency
-21.5%▼
2024 · -14.3%
Current ratio
0.82▲
2024 · 0.60
Quick ratio
0.82▲
2024 · 0.60
Debt / equity
-5.64▲
2024 · -7.98
ROA
-4.6%▲
2024 · -28.7%
Interest coverage
1.69▲
2024 · 0.43
Debt
€187k▼
2024 · €208k
Debt ≤ 1 year
€69k▼
2024 · €84k
Debt > 1 year
€101k▼
2024 · €118k
Income taxes
€0▼
2024 · €0
Staff costs
€40k▲
2024 · €36k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€182k€154k▼
Fixed assets21/28€131k€98k▼
Tangible fixed assets22/27€128k€95k▼
Other tangible fixed assets26€128k€95k▼
Financial fixed assets28€3k€3k=
Current assets29/58€51k€56k▲
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Amounts receivable within one year40/41€41k€47k▲
Trade receivables40€41k€47k▲
Other amounts receivable41€16€191▲
Cash at bank and in hand54/58€10k€5k▼
Deferred charges and accrued income490/1-€4k
Equity and liabilities
Total equity and liabilities10/49€182k€154k▼
Equity10/15€-26k€-33k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€49k€49k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€43k€43k=
Profit (loss) carried forward14€-137k€-144k▼
Amounts payable17/49€208k€187k▼
Amounts payable after more than one year17€118k€101k▼
Financial debts170/4€0-
Other amounts payable178/9€118k€101k▼
Amounts payable within one year42/48€84k€69k▼
Current portion of amounts payable after more than one year42€0-
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€41k€42k▲
Suppliers440/4€41k€42k▲
Taxes, remuneration and social security45€27k€11k▼
Taxes450/3€19k€2k▼
Remuneration and social security454/9€8k€8k▲
Other amounts payable47/48€16k€16k=
Accrued charges and deferred income492/3€5k€17k▲
Income statement
Code20242025
Remuneration, social security and pensions62€36k€40k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€33k▲
Other operating charges640/8€58k€62k▲
Gross operating margin9900€112k€165k▲
Operating profit (loss)9901€-16k€30k▲
Financial income75/76B€4k€284▼
Recurring financial income75€4k€284▼
Financial charges65/66B€40k€37k▼
Recurring financial charges65€40k€37k▼
Profit (loss) for the period before taxes9903€-52k€-7k▲
Income taxes67/77€0€0▼
Profit (loss) for the period9904€-52k€-7k▲
Profit (loss) for the period to be appropriated9905€-52k€-7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-137k€-144k▼
Profit (loss) brought forward from the previous period14P€-85k€-137k▼
Social balance
Average headcount (FTE)90870.50.5=
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2022
04-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 4 days late
31-03
Financial
Weakest financial yearnet €-160k
Net result drops to €-160k, the lowest in the series; recovery starts the following year.
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2019
18-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 48 days late
2018
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
27-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
26-10
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.
Directors · office · real estate
Directors
10 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, Putte · 1 establishment unit since 1990
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Mechelbaan 6122580 PutteGround area
9,857 m²
Building footprint
4,044 m²
Volume, LiDAR
17,212 m³
Parcel 12029A0626/00L000, Flanders · tallest building 18.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MVD
since 19902.046.791.951
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12029A0626/00L000 | Flanders | 9,857 m² | 1 · 4,044 m² | 18.4 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
LITERIE DE LA LYS
BE 0804.182.557
Comines-Warneton · Eq €26k
Conception Intérieur
BE 0784.854.417
Rochefort · Eq €26k
IMA
BE 0475.490.040
Maasmechelen · Eq €26k
BENOLUX
BE 0417.263.514
Brecht · Eq €26k
Home By H
BE 1017.619.773
Tintigny · Eq €26k
Of 2,610 companies in sector 47551 we hold annual accounts for 1,718. 998 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded22-12-1989
Fiscal year end31-03
Activities, NACEBEL
47551Retail sale of household furniture
47591Retail trade
52441
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.