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MVdB Engineering

Active
Private limited companyfounded 20224 yrs activeFijfelweg 1, 9310 Aalst, BelgiumKBO/BCE: BE 0790.286.021
Summary

MVdB Engineering has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5,000 and a net result of €2,724. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 12% of 36981 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Financials · fiscal year 2025, micro schema

Equity
€5,000▼ 91.6%
2024 · €59,696
Total assets
€112,563▲ 11.7%
2024 · €100,812
Net result
€2,724▼ 86.7%
2024 · €20,555
Working capital
€5,000▼ 91.7%
2024 · €60,543
Trend over the years

2022 to 2025, 4 fiscal years

The operating result has fallen two years in a row; 2025 is 77% below 2024.

What the company sold each fiscal year and what was left of it. A loss stands below the zero line.

Operating result€7,176 2025 Net result€2,724 2025

Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line2022202320242025
Operating result€2,264-€44,178▲ 1,851%€30,784▼ 30.3%€7,176▼ 76.7%
Net result€1,305below the sector's middle half-€32,837within the sector's middle half▲ 2,416%€20,555within the sector's middle half▼ 37.4%€2,724below the sector's middle half▼ 86.7%
Equity€6,305below the sector's middle half-€39,142within the sector's middle half▲ 521%€59,696within the sector's middle half▲ 52.5%€5,000below the sector's middle half▼ 91.6%
Total assets€20,093below the sector's middle half-€62,813below the sector's middle half▲ 213%€100,812within the sector's middle half▲ 60.5%€112,563within the sector's middle half▲ 11.7%
Debt€13,788-€23,671▲ 71.7%€41,116▲ 73.7%€107,563▲ 162%
Working capital€4,432within the sector's middle half-€39,501within the sector's middle half▲ 791%€60,543within the sector's middle half▲ 53.3%€5,000within the sector's middle half▼ 91.7%
Solvency31.4%within the sector's middle half-62.3%within the sector's middle half▲ 30.9pp59.2%within the sector's middle half▼ 3.1pp4.4%below the sector's middle half▼ 54.8pp
Current ratio1.32within the sector's middle half-2.69within the sector's middle half▲ 1.372.50within the sector's middle half▼ 0.191.05within the sector's middle half▼ 1.46
Return on assets (ROA)6.5%within the sector's middle half-52.3%above the sector's middle half▲ 45.8pp20.4%within the sector's middle half▼ 31.9pp2.4%within the sector's middle half▼ 18.0pp
above within below the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €112,563
Equity €5,000 ▼ 91.6%
Debt €107,563 ▲ 162%
Debt's share of the balance-sheet total rises from 40.8% to 95.6%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
Debt to equity
21.51▲
2024 · 0.69
ROE
54.5%▲
2024 · 34.4%
Debt ≤ 1 year
€107,563▲
2024 · €40,269
Income taxes
€3,129▼
2024 · €7,902
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,135 companies that looked in July 2024 the way this one looks now, 5.2% went bankrupt within 24 months and 92% are still going.

  • Micro
  • 2 to 5 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
5.2% went bankrupt
2.3% stopped otherwise
92% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,450 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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% 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 2,135 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet Code20242025
Assets
Total assets20/58€100,812€112,563▲
Current assets29/58€100,812€112,563▲
Amounts receivable within one year40/41€38,412€4,088▼
Trade receivables40€38,011€4,088▼
Other amounts receivable41€401€0▼
Cash at bank and in hand54/58€60,123€106,104▲
Deferred charges and accrued income490/1€2,277€2,370▲
Equity and liabilities
Total equity and liabilities10/49€100,812€112,563▲
Equity10/15€59,696€5,000▼
Contributions10/11€5,000€5,000=
Reserves13€54,696€0▼
Distributable reserves133€54,696€0▼
Profit (loss) carried forward14-€0
Amounts payable17/49€41,116€107,563▲
Amounts payable within one year42/48€40,269€107,563▲
Trade debts44€492€5,181▲
Suppliers440/4€492€5,181▲
Taxes, remuneration and social security45€18,809€18,389▼
Taxes450/3€18,809€18,389▼
Other amounts payable47/48€20,967€83,993▲
Accrued charges and deferred income492/3€847€0▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0-
Other operating charges640/8€349€544▲
Gross operating margin9900€31,133€7,720▼
Operating profit (loss)9901€30,784€7,176▼
Financial charges65/66B€2,327€1,324▼
Recurring financial charges65€2,327€1,324▼
Profit (loss) for the period before taxes9903€28,457€5,852▼
Income taxes67/77€7,902€3,129▼
Profit (loss) for the period9904€20,555€2,724▼
Profit (loss) for the period to be appropriated9905€20,555€2,724▼
Appropriation of the result
Profit (loss) to be appropriated9906€20,555€2,724▼
Transfer from equity791/2-€54,696
Transfer to equity691/2€20,555€0▼
To other reserves6921€20,555€0▼
Profit to be distributed694/7-€57,420
Return on contributions (dividend)694-€57,420

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€749€1,873€0--
Other operating charges640/8--€349€544▲ 55.9%
Gross operating margin9900€3,013€46,052€31,133€7,720▼ 75.2%
Operating profit (loss)9901€2,264€44,178€30,784€7,176▼ 76.7%
Financial charges65/66B€376€1,890€2,327€1,324▼ 43.1%
Recurring financial charges65€376€1,890€2,327€1,324▼ 43.1%
Profit (loss) for the period before taxes9903€1,889€42,289€28,457€5,852▼ 79.4%
Income taxes67/77€584€9,452€7,902€3,129▼ 60.4%
Profit (loss) for the period9904€1,305€32,837€20,555€2,724▼ 86.7%
Profit (loss) for the period to be appropriated9905€1,305€32,837€20,555€2,724▼ 86.7%
Line2022202320242025Change
Assets
Total assets20/58€20,093€62,813€100,812€112,563▲ 11.7%
Formation expenses20€1,873€0---
Current assets29/58€18,220€62,813€100,812€112,563▲ 11.7%
Amounts receivable within one year40/41€11,896€29,536€38,412€4,088▼ 89.4%
Trade receivables40€10,873€29,536€38,011€4,088▼ 89.2%
Other amounts receivable41€1,023€0€401€0▼ 100%
Cash at bank and in hand54/58€6,160€31,839€60,123€106,104▲ 76.5%
Deferred charges and accrued income490/1€164€1,438€2,277€2,370▲ 4.1%
Equity and liabilities
Total equity and liabilities10/49€20,093€62,813€100,812€112,563▲ 11.7%
Equity10/15€6,305€39,142€59,696€5,000▼ 91.6%
Contributions10/11€5,000€5,000€5,000€5,000=
Reserves13€1,305€34,142€54,696€0▼ 100%
Distributable reserves133€1,305€34,142€54,696€0▼ 100%
Profit (loss) carried forward14---€0-
Amounts payable17/49€13,788€23,671€41,116€107,563▲ 162%
Amounts payable within one year42/48€13,788€23,312€40,269€107,563▲ 167%
Trade debts44€635€110€492€5,181▲ 953%
Suppliers440/4€635€110€492€5,181▲ 953%
Taxes, remuneration and social security45€584€14,667€18,809€18,389▼ 2.2%
Taxes450/3€584€14,667€18,809€18,389▼ 2.2%
Other amounts payable47/48€12,569€8,536€20,967€83,993▲ 301%
Accrued charges and deferred income492/3-€359€847€0▼ 100%
Line2022202320242025Change
Profit (loss) for the period9904€1,305€32,837€20,555€2,724▼ 86.7%
+ Depreciation and write-downs630€749€1,873€0--
Operating cash flow (approximation)€2,054€34,710€20,555€2,724▼ 86.7%
Change in cash-€25,679€28,284€45,981▲ 62.6%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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