MVDACO
ActiveSummary
MVDACO has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €147,961 and a net result of €227,478. Equity is growing by ~31.6% per year across the filed fiscal years. Its solvency ranks better than 18% of 15375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+10
Solvency46▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity tight (current ratio 1.08 against 0.97 in 2023; short-term debt: 32.8% and cash: 2.2% of total assets), and 78.8% 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 15375 sector peers (2024).
NBB · sector comparisonPosition among 15375 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-08-2025, 1 day 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
not confirmed
2024
1 d late
2023
27 d late
2022
on the day
2021
13 d early
2020
26 d late
2019
84 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 21 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€147,961▲ 22.8%
2023 · €120,483
Total assets
€697,390▼ 3.3%
2023 · €721,208
Net result
€227,478▲ 87.4%
2023 · €121,379
Working capital
€17,746
2023 · -€8,228
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, 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
Line20202021202220232024
Operating result-€4,647€27,199€114,751▲ 322%€182,101▲ 58.7%€320,943▲ 76.2%
Net result-€14,254below the sector's middle half€6,498below the sector's middle half€74,750above the sector's middle half▲ 1,050%€121,379above the sector's middle half▲ 62.4%€227,478above the sector's middle half▲ 87.4%
Equity€22,856below the sector's middle half▼ 38.4%€29,354below the sector's middle half▲ 28.4%€104,104within the sector's middle half▲ 255%€120,483within the sector's middle half▲ 15.7%€147,961within the sector's middle half▲ 22.8%
Total assets€548,143above the sector's middle half▲ 176%€527,541above the sector's middle half▼ 3.8%€615,370above the sector's middle half▲ 16.6%€721,208above the sector's middle half▲ 17.2%€697,390above the sector's middle half▼ 3.3%
Debt€525,287▲ 225%€498,187▼ 5.2%€511,267▲ 2.6%€600,725▲ 17.5%€549,429▼ 8.5%
Working capital-€49,513below the sector's middle half▼ 382%-€54,754below the sector's middle half▼ 10.6%€51,335within the sector's middle half-€8,228below the sector's middle half€17,746within the sector's middle half
Solvency4.2%below the sector's middle half▼ 14.5pp5.6%below the sector's middle half▲ 1.4pp16.9%below the sector's middle half▲ 11.4pp16.7%below the sector's middle half▼ 0.2pp21.2%below the sector's middle half▲ 4.5pp
Current ratio0.53below the sector's middle half▼ 0.360.52below the sector's middle half▼ 0.011.40within the sector's middle half▲ 0.880.97below the sector's middle half▼ 0.431.08below the sector's middle half▲ 0.11
Return on assets (ROA)-2.6%below the sector's middle half▼ 22.0pp1.2%below the sector's middle half▲ 3.8pp12.1%within the sector's middle half▲ 10.9pp16.8%within the sector's middle half▲ 4.7pp32.6%within the sector's middle half▲ 15.8pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, 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 has risen four years in a row; 2024 is 76% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €697,390
Fixed assets
€450,757 ▼ 5.6%
Current assets
€246,634 ▲ 1.2%
Equity and liabilities €697,390
Equity
€147,961 ▲ 22.8%
Debt
€549,429 ▼ 8.5%
Debt's share of the balance-sheet total falls from 83.3% to 78.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€347,650▲
2023 · €207,975
Cash flow
€254,185▲
2023 · €147,253
Debt to equity
3.71▼
2023 · 4.99
ROE
153.7%▲
2023 · 100.7%
Interest coverage
25.90▼
2023 · 25.99
Debt ≤ 1 year
€228,888▼
2023 · €251,973
Debt > 1 year
€315,541▼
2023 · €343,752
Income taxes
€80,054▲
2023 · €55,424
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,679 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.3%
went bankrupt
1.2%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,662 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% | 1.7% |
| 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 75% 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 2,679 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,411 | €35,121 | €36,015 | €25,874 | €26,707 | ▲ 3.2% |
| Other operating charges640/8 | - | €6,303 | €3,630 | €3,343 | €3,806 | ▲ 13.8% |
| Gross operating margin9900 | €61,699 | €68,623 | €154,397 | €211,318 | €351,456 | ▲ 66.3% |
| Operating profit (loss)9901 | -€4,647 | €27,199 | €114,751 | €182,101 | €320,943 | ▲ 76.2% |
| Financial income75/76B | - | €0 | €49 | €2,705 | €11 | ▼ 99.6% |
| Recurring financial income75 | €3 | €0 | €49 | €2,705 | €11 | ▼ 99.6% |
| Financial charges65/66B | - | €7,440 | €6,293 | €8,003 | €13,422 | ▲ 67.7% |
| Recurring financial charges65 | €3,242 | €7,440 | €6,293 | €8,003 | €13,422 | ▲ 67.7% |
| Profit (loss) for the period before taxes9903 | -€7,886 | €19,759 | €108,508 | €176,803 | €307,532 | ▲ 73.9% |
| Income taxes67/77 | €6,368 | €13,262 | €33,758 | €55,424 | €80,054 | ▲ 44.4% |
| Profit (loss) for the period9904 | -€14,254 | €6,498 | €74,750 | €121,379 | €227,478 | ▲ 87.4% |
| Profit (loss) for the period to be appropriated9905 | -€14,254 | €6,498 | €74,750 | €121,379 | €227,478 | ▲ 87.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €548,143 | €527,541 | €615,370 | €721,208 | €697,390 | ▼ 3.3% |
| Fixed assets21/28 | €493,327 | €469,030 | €434,703 | €477,464 | €450,757 | ▼ 5.6% |
| Intangible fixed assets21 | €73,567 | €63,058 | €52,548 | €42,038 | €31,529 | ▼ 25.0% |
| Tangible fixed assets22/27 | €419,760 | €405,973 | €382,155 | €385,426 | €369,228 | ▼ 4.2% |
| Land and buildings22 | - | €371,151 | €362,515 | €353,879 | €345,242 | ▼ 2.4% |
| Plant, machinery and equipment23 | - | €10,495 | €9,413 | €24,764 | €20,973 | ▼ 15.3% |
| Furniture and vehicles24 | - | €24,326 | €10,228 | €6,783 | €3,013 | ▼ 55.6% |
| Financial fixed assets28 | - | - | - | €50,000 | €50,000 | = |
| Current assets29/58 | €54,816 | €58,511 | €180,667 | €243,744 | €246,634 | ▲ 1.2% |
| Amounts receivable after more than one year29 | - | - | €42,823 | €0 | - | - |
| Other amounts receivable291 | - | - | €42,823 | €0 | - | - |
| Amounts receivable within one year40/41 | €53,978 | €55,559 | €132,817 | €239,006 | €230,000 | ▼ 3.8% |
| Trade receivables40 | - | €31,568 | €132,817 | €147,799 | €230,000 | ▲ 55.6% |
| Other amounts receivable41 | - | €23,991 | €0 | €91,207 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | - | - | - | - | €15,088 | - |
| Deferred charges and accrued income490/1 | - | €2,953 | €5,028 | €4,738 | €1,546 | ▼ 67.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €548,143 | €527,541 | €615,370 | €721,208 | €697,390 | ▼ 3.3% |
| Equity10/15 | €22,856 | €29,354 | €104,104 | €120,483 | €147,961 | ▲ 22.8% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | - | - | €85,504 | €101,883 | €129,361 | ▲ 27.0% |
| Distributable reserves133 | - | - | €85,504 | €101,883 | €129,361 | ▲ 27.0% |
| Profit (loss) carried forward14 | €4,256 | €10,754 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €525,287 | €498,187 | €511,267 | €600,725 | €549,429 | ▼ 8.5% |
| Amounts payable after more than one year17 | €415,958 | €379,624 | €376,935 | €343,752 | €315,541 | ▼ 8.2% |
| Financial debts170/4 | - | €379,624 | €376,935 | €343,752 | €315,541 | ▼ 8.2% |
| Amounts payable within one year42/48 | €104,330 | €113,265 | €129,332 | €251,973 | €228,888 | ▼ 9.2% |
| Current portion of amounts payable after more than one year42 | - | €57,218 | €62,933 | €33,182 | €28,211 | ▼ 15.0% |
| Financial debts43 | - | €10,466 | €1,804 | €29,667 | €942 | ▼ 96.8% |
| Credit institutions430/8 | - | €10,466 | €1,804 | €9,667 | €942 | ▼ 90.3% |
| Other loans439 | - | - | - | €20,000 | €0 | ▼ 100% |
| Trade debts44 | €1,609 | €3,688 | €8,689 | €17,908 | €6,312 | ▼ 64.8% |
| Suppliers440/4 | - | €3,688 | €8,689 | €17,908 | €6,312 | ▼ 64.8% |
| Taxes, remuneration and social security45 | - | €41,893 | €55,906 | €66,216 | €124,837 | ▲ 88.5% |
| Taxes450/3 | - | €41,893 | €55,906 | €66,216 | €124,837 | ▲ 88.5% |
| Other amounts payable47/48 | - | - | - | €105,000 | €68,585 | ▼ 34.7% |
| Accrued charges and deferred income492/3 | - | €5,298 | €5,000 | €5,000 | €5,000 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€14,254 | €6,498 | €74,750 | €121,379 | €227,478 | ▲ 87.4% |
| + Depreciation and write-downs630 | €24,411 | €35,121 | €36,015 | €25,874 | €26,707 | ▲ 3.2% |
| Operating cash flow (approximation) | €10,157 | €41,619 | €110,765 | €147,253 | €254,185 | ▲ 72.6% |
| Investment in fixed assets (approximation) | - | -€10,824 | -€1,688 | -€68,635 | €0 | ▲ 100% |
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
2025
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 1 day late
2024
31-12
Financial
Highest result since 2019net €227,478 ▲87.4%
Operating result €320,943, net result €227,478, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity triplescurrent ratio 1.40
Current ratio from 0.52 to 1.40.
31-12
Financial
Equity above €100,000Eq €104,104 ▲255%
2 profitable years in a row build equity to €104,104.
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €6,498
Net result €6,498 after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Weakest financial yearnet -€14,254
Net result drops to -€14,254, the lowest in the series; recovery starts the following year.
23-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 84 days late
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
2,733 m²
Building footprint
366 m²
Volume, LiDAR
5,762 m³
Parcel 11810K1613/00G012, Flanders · tallest building 27.4 m, ±7 floors. Linked by address, not a title deed.
17
companies at this address
See who is registered here
1 establishment unit
MIABE
since 20182.274.370.975
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K1613/00G012 | Flanders | 2,733 m² | 1 · 366 m² | 27.4 m · 7 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
1 holdingOwners 0
The accounts to 31-12-2023 list no shareholders, and no other source names one.
Holdings 1
-
16.67%
According to the 2023 annual accounts of MVDACO 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 22,076 companies in sector 69101 we hold annual accounts for 9,061. 7,539 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
Founded02-02-2018
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0689724735
Also
9925:BE0689724735
Registered
27-03-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.