MVDB
ActiveSummary
MVDB has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €395,472 and a net result of €127,604. Equity is growing by ~12.8% per year across the filed fiscal years. Its solvency ranks better than 76% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 4.87 against 4.62 in 2024; short-term debt: 19% and cash: 6% of total assets), and 20% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
80%
Return on assets
25.8%
Age of the figures
12 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 30-09-2025 was due by 30-04-2026 and was filed on 31-03-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
4 d early
2023
4 d early
2022
2 d early
2021
8 d early
2020
3 d early
2019
63 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 16 days before 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 (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
€395,472▲ 36.2%
2024 · €290,429
Total assets
€494,206▲ 30.7%
2024 · €378,161
Net result
€127,604▲ 38.4%
2024 · €92,206
Working capital
€363,793▲ 23.4%
2024 · €294,866
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€6,251€141,713€69,524▼ 50.9%€125,914▲ 81.1%€175,275▲ 39.2%
Net result-€3,072€101,829€46,372▼ 54.5%€92,206▲ 98.8%€127,604▲ 38.4%
Equity€175,772▼ 1.7%€277,601▲ 57.9%€215,473▼ 22.4%€290,429▲ 34.8%€395,472▲ 36.2%
Total assets€190,469▼ 11.3%€313,245▲ 64.5%€346,889▲ 10.7%€378,161▲ 9.0%€494,206▲ 30.7%
Debt€14,696▼ 58.9%€35,644▲ 143%€131,416▲ 269%€87,732▼ 33.2%€98,734▲ 12.5%
Working capital€177,327▼ 0.6%€275,698▲ 55.5%€216,850▼ 21.3%€294,866▲ 36.0%€363,793▲ 23.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 39% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €494,206
Fixed assets
€36,365 ▲ 1,850%
Current assets
€457,841 ▲ 21.7%
Equity and liabilities €494,206
Equity
€395,472 ▲ 36.2%
Debt
€98,734 ▲ 12.5%
Debt's share of the balance-sheet total falls from 23.2% to 20.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€178,593▲
2024 · €126,684
Cash flow
€130,922▲
2024 · €92,975
Current ratio
4.87▲
2024 · 4.62
Debt to equity
0.25▼
2024 · 0.30
ROE
32.3%▲
2024 · 31.7%
ROA
25.8%▲
2024 · 24.4%
Interest coverage
52.74▲
2024 · 26.01
Debt ≤ 1 year
€94,047▲
2024 · €81,431
Income taxes
€58,782▲
2024 · €44,374
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,792 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.2%
stopped otherwise
97%
still going
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 497,058 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 17,792 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €5,000 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,369 | €442 | €769 | €769 | €3,318 | ▲ 331% |
| Other operating charges640/8 | €1,985 | €1,426 | €1,769 | €2,269 | €1,947 | ▼ 14.2% |
| Non-recurring operating charges66A | €500 | - | - | - | - | - |
| Gross operating margin9900 | -€2,396 | €143,581 | €72,062 | €128,952 | €180,540 | ▲ 40.0% |
| Operating profit (loss)9901 | -€6,251 | €141,713 | €69,524 | €125,914 | €175,275 | ▲ 39.2% |
| Financial income75/76B | €3,385 | €1,298 | €367 | €15,537 | €14,497 | ▼ 6.7% |
| Recurring financial income75 | €3,385 | €1,298 | €367 | €15,537 | €14,497 | ▼ 6.7% |
| Financial charges65/66B | €60 | €67 | €6,266 | €4,871 | €3,386 | ▼ 30.5% |
| Recurring financial charges65 | €60 | €67 | €6,266 | €4,871 | €3,386 | ▼ 30.5% |
| Profit (loss) for the period before taxes9903 | -€2,926 | €142,944 | €63,624 | €136,580 | €186,385 | ▲ 36.5% |
| Income taxes67/77 | €147 | €41,116 | €17,253 | €44,374 | €58,782 | ▲ 32.5% |
| Profit (loss) for the period9904 | -€3,072 | €101,829 | €46,372 | €92,206 | €127,604 | ▲ 38.4% |
| Profit (loss) for the period to be appropriated9905 | -€3,072 | €101,829 | €46,372 | €92,206 | €127,604 | ▲ 38.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €190,469 | €313,245 | €346,889 | €378,161 | €494,206 | ▲ 30.7% |
| Fixed assets21/28 | - | €3,403 | €2,634 | €1,865 | €36,365 | ▲ 1,850% |
| Tangible fixed assets22/27 | - | €3,403 | €2,634 | €1,865 | €36,365 | ▲ 1,850% |
| Furniture and vehicles24 | - | €3,403 | €2,634 | €1,865 | €36,365 | ▲ 1,850% |
| Current assets29/58 | €190,469 | €309,842 | €344,255 | €376,296 | €457,841 | ▲ 21.7% |
| Amounts receivable within one year40/41 | €47,180 | €17,703 | €11,174 | €19,762 | €22,936 | ▲ 16.1% |
| Trade receivables40 | €44,891 | €15,125 | €11,174 | €19,762 | €22,936 | ▲ 16.1% |
| Other amounts receivable41 | €2,289 | €2,578 | - | - | - | - |
| Current investments50/53 | €56,640 | €83,103 | €319,755 | €230,274 | €398,205 | ▲ 72.9% |
| Cash at bank and in hand54/58 | €86,577 | €200,144 | €7,206 | €120,344 | €29,658 | ▼ 75.4% |
| Deferred charges and accrued income490/1 | €71 | €8,892 | €6,120 | €5,917 | €7,041 | ▲ 19.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €190,469 | €313,245 | €346,889 | €378,161 | €494,206 | ▲ 30.7% |
| Equity10/15 | €175,772 | €277,601 | €215,473 | €290,429 | €395,472 | ▲ 36.2% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €163,372 | €265,201 | €203,073 | €278,029 | €383,072 | ▲ 37.8% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €161,512 | €263,341 | €203,073 | €278,029 | €383,072 | ▲ 37.8% |
| Amounts payable17/49 | €14,696 | €35,644 | €131,416 | €87,732 | €98,734 | ▲ 12.5% |
| Amounts payable within one year42/48 | €13,141 | €34,144 | €127,405 | €81,431 | €94,047 | ▲ 15.5% |
| Trade debts44 | €3,570 | €13,700 | €3,968 | €4,538 | €954 | ▼ 79.0% |
| Suppliers440/4 | €3,570 | €13,700 | €3,968 | €4,538 | €954 | ▼ 79.0% |
| Taxes, remuneration and social security45 | €9,571 | €20,444 | €25,979 | €45,275 | €37,523 | ▼ 17.1% |
| Taxes450/3 | €9,571 | €20,444 | €25,979 | €45,275 | €37,523 | ▼ 17.1% |
| Other amounts payable47/48 | - | - | €97,458 | €31,617 | €55,570 | ▲ 75.8% |
| Accrued charges and deferred income492/3 | €1,555 | €1,500 | €4,011 | €6,302 | €4,687 | ▼ 25.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,072 | €101,829 | €46,372 | €92,206 | €127,604 | ▲ 38.4% |
| + Depreciation and write-downs630 | €1,369 | €442 | €769 | €769 | €3,318 | ▲ 331% |
| Operating cash flow (approximation) | -€1,703 | €102,271 | €47,141 | €92,975 | €130,922 | ▲ 40.8% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | -€37,819 | - |
| Change in cash | - | €113,567 | -€192,938 | €113,138 | -€90,685 | ▼ 180% |
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
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €127,604 ▲38.4%
Operating result €175,275, net result €127,604, both a record.
26-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
19-01
State Gazette act
General meeting · Director resignation
Permanent representative · Director discharge
2022
30-09
Financial
Back to profitnet €101,829
Net result €101,829 after one loss-making year.
30-09
Financial
Equity above €200,000Eq €277,601 ▲57.9%
Equity rises from €175,772 to €277,601.
22-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-12
State Gazette act
General meeting · Director resignation
Director appointment · Mandate compensation
30-09
Financial
Weakest financial yearnet -€3,072
Net result drops to -€3,072, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity doublescurrent ratio 14.49
Current ratio from 6.13 to 14.49; short-term debt falls from €34,790 to €13,141.
Show earlier events
29-07
State Gazette act
General meeting · Director resignation
Director appointment · Mandate compensation
27-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Equity above €150,000Eq €163,481 ▲16%
2 profitable years in a row build equity to €163,481.
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Tervuren · 1 establishment unit since 2013
Ground area
1,777 m²
Building footprint
227 m²
Volume, LiDAR
1,747 m³
Parcel 24104C0133/00P003, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MVDB
since 20132.216.054.773
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24104C0133/00P003 | Flanders | 1,777 m² | 1 · 227 m² | 10.9 m · 3 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
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
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Ownership & control
2 board mandatesBoard mandates of this companythis company sits on their board2
1 location
1 location
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 1,398 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 1,398 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
894500F5ZHGLP9N1PT14
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 36,457 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
Founded15-01-2013
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0502481576
Also
9925:BE0502481576
Registered
05-11-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.