MVDA
ActiveSummary
MVDA has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €652k and a net result of €81k. Equity is growing by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 89% of 16546 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability67▼-3
Solvency100=
Growth60▲+16
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 16.12 against 10.15 in 2023; short-term debt: 6.2% and cash: 4.7% of total assets), and 6.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 86
Relative position
BE, all sectors
reference
Sector 86
lower
← 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
93.8%
Return on assets
11.6%
Age of the figures
9 mo
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
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2023
470 d late
2022
93 d late
2021
96 d late
2020
97 d late
2019
28 d late
2018
48 d late
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€190k▲ 3.1%
2022 · €184k
2018: €211k
2019: €207k
2020: €177k
2021: €224k
2022: €184k
2018 → 2023
EBIT margin
24.1%▲ 10.1pp
2022 · 13.9%
2018: 16.8%
2019: 14.3%
2020: 1.0%
2021: 25.0%
2022: 13.9%
2018 → 2023
Net result
€81k▲ 33,080%
2023 · €244
2018: €21k
2019: €18k
2020: €-16k
2021: €51k
2022: €6k
2023: €244
2018 → 2025
Working capital
€652k▲ 32.6%
2023 · €492k
2018: €363k
2019: €409k
2020: €419k
2021: €485k
2022: €491k
2023: €492k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232025Trend
Turnover€177k-€224k▲ 26.5%€184k▼ 17.6%€190k▲ 3.1%
Equity€434k-€485k▲ 11.8%€491k▲ 1.2%€491k=€652k▲ 32.7%
Operating result€2k-€56k▲ 3,223%€26k▼ 54.0%€46k▲ 78.1%€113k▲ 147%
Net result€-16k-€51k€6k▼ 88.7%€244▼ 95.8%€81k▲ 33,080%
Result per fiscal year
Operating resultNet result
The operating result is €113k in 2025, compared with €46k in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Equity and liabilities €695k
Equity
€652k ▲ 32.7%
Debt
€43k ▼ 55.9%
Debt's share of the balance-sheet total falls from 16.6% to 6.2%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
16.12▲
2023 · 10.15
Debt to equity
0.07▼
2023 · 0.20
ROE
12.4%▲
2023 · 0.0%
ROA
11.6%▲
2023 · 0.0%
Debt ≤ 1 year
€43k▼
2023 · €54k
Income taxes
€32k▼
2023 · €35k
Staff costs
€0▼
2023 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2023 · 52 lines
Balance sheet
Code20232025
Assets
Total assets20/58€589k€695k▲
Fixed assets21/28€44k-
Intangible fixed assets21€0-
Tangible fixed assets22/27€44k-
Leasing and similar rights25€44k-
Current assets29/58€545k€695k▲
Amounts receivable within one year40/41€6k€84k▲
Trade receivables40-€55k
Other amounts receivable41€6k€29k▲
Current investments50/53-€579k
Cash at bank and in hand54/58€539k€32k▼
Equity and liabilities
Total equity and liabilities10/49€589k€695k▲
Equity10/15€491k€652k▲
Contributions10/11€269k€291k▲
Capital10€269k-
Issued capital100€269k-
Reserves13€223k€358k▲
Non-distributable reserves130/1€23k-
Legal reserve130€23k-
Distributable reserves133€200k€358k▲
Profit (loss) carried forward14€8€3k▲
Amounts payable17/49€98k€43k▼
Amounts payable after more than one year17€44k-
Financial debts170/4€44k-
Amounts payable within one year42/48€54k€43k▼
Current portion of amounts payable after more than one year42€2k-
Trade debts44€5k€3k▼
Suppliers440/4€5k€3k▼
Taxes, remuneration and social security45€38k€39k▲
Taxes450/3€38k€39k▲
Other amounts payable47/48€9k€531▼
Income statement
Code20232025
Turnover70€190k-
Goods, raw materials, services and sundry goods60/61€119k-
Remuneration, social security and pensions62€7k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k-
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€10k-
Other operating charges640/8€7k€2k▼
Gross operating margin9900€71k€115k▲
Operating profit (loss)9901€46k€113k▲
Financial income75/76B€278€354▲
Recurring financial income75€278€354▲
Financial charges65/66B€11k€506▼
Recurring financial charges65€11k€506▼
Profit (loss) for the period before taxes9903€35k€113k▲
Income taxes67/77€35k€32k▼
Profit (loss) for the period9904€244€81k▲
Profit (loss) for the period to be appropriated9905€244€81k▲
Appropriation of the result
Profit (loss) to be appropriated9906€658€82k▲
Profit (loss) brought forward from the previous period14P€414€723▲
Transfer to equity691/2€650€79k▲
To the legal reserve6920€650-
To other reserves6921-€79k
The notes to these accounts (6 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
2026
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €81k ▲33080%
Operating result €113k, net result €81k, both a record.
31-12
Financial
Equity above €500kEq €652k ▲32.7%
4 profitable years in a row build equity to €652k.
13-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 470 days late
2023
01-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 93 days late
2022
04-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 96 days late
2021
31-12
Financial
Back to profitnet €51k
Net result €51k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 18.14
Current ratio from 8.76 to 18.14; short-term debt falls from €54k to €28k.
05-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 97 days late
2020
31-12
Financial
Weakest financial yearnet €-16k ▼189%
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
17-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 48 days late
Show earlier events
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 14 days late
2017
29-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
04-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 4 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Namur · 1 establishment unit since 2006
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.
Rue des Hayettes 275000 NamurGround area
552 m²
Building footprint
77 m²
Volume, LiDAR
838 m³
Parcel 92302G0575/00V005, Wallonia · tallest building 12.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Rue des Hayettes 27, 5000 Namur
since 20062.250.032.784
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92302G0575/00V005 | Wallonia | 552 m² | 1 · 77 m² | 12.6 m · 4 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
DOCTEUR DIETZE
BE 0870.603.902
Spa · Eq €652,119
DR. JOS CALLENS
BE 0468.321.839
Brasschaat · Eq €652,025
DERMATOLOGY and LASER PRACTICE
BE 0463.844.003
Sint-Gillis (bij-Brussel) · Eq €651,903
SD ANGIO
BE 0633.655.171
Kapellen · Eq €651,671
Dr. Sarah Van Loo
BE 0779.538.619
Stekene · Eq €651,627
Of 16,627 companies in sector 86220 we hold annual accounts for 7,974. 6,217 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded04-09-2006
Fiscal year end31-12
Activities, NACEBEL 2025
86220Specialist medical practice
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.