MVDB Technieken
ActiveSummary
The computed 12-month bankruptcy probability of MVDB Technieken is 2.9% (moderate). The annual accounts of MVDB Technieken for fiscal year 2024 show a net loss of 63% of the equity at the start of that year. The 2024 annual accounts show equity of €8k and a net result of €-14k. Equity is shrinking by ~42.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 12% of 1633 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability8▼-55
Solvency30▼-11
Growth32=
Track record94
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.24 against 1.44 in 2023; short-term debt: 80.1% and cash: 6.3% of total assets), and 95.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
4.8%
Return on assets
-8.2%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
222324
2022 to 2024 · latest year €-14k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 1633 sector peers (2024).
NBB · sector comparisonPosition among 1633 sector peers
Solvency
better than 12%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-10-2025, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
92 d late
2023
92 d late
2022
130 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€8k▼ 63.0%
2023 · €22k
2022: €27khighest in 3 years
2023: €22k▼ -17.9% vs 2022
2024: €8k▼ -63.0% vs 2023lowest in 3 years
2022 → 2024
Total assets
€167k▲ 23.9%
2023 · €135k
2022: €156k
2023: €135k▼ -13.7% vs 2022lowest in 3 years
2024: €167k▲ +23.9% vs 2023highest in 3 years
2022 → 2024
Net result
€-14k▼ 190%
2023 · €-5k
2022: €24khighest in 3 years
2023: €-5k▼ -120% vs 2022
2024: €-14k▼ -190% vs 2023lowest in 3 years
2022 → 2024
Working capital
€32k▼ 18.7%
2023 · €39k
2022: €26klowest in 3 years
2023: €39k▲ +52.6% vs 2022highest in 3 years
2024: €32k▼ -18.7% vs 2023
2022 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€27k-€22k▼ 17.9%€8k▼ 63.0%
2022: €27khighest in 3 years
2023: €22k▼ -17.9% vs 2022
2024: €8k▼ -63.0% vs 2023lowest in 3 years
Operating result€31k-€-1k€-11k▼ 966%
2022: €31khighest in 3 years
2023: €-1k▼ -103% vs 2022
2024: €-11k▼ -966% vs 2023lowest in 3 years
Net result€24k-€-5k€-14k▼ 190%
2022: €24khighest in 3 years
2023: €-5k▼ -120% vs 2022
2024: €-14k▼ -190% vs 2023lowest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11k in 2024 against €1k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €167k
Fixed assets
€1k ▼ 79.9%
Current assets
€166k ▲ 28.8%
Equity and liabilities €167k
Equity
€8k ▼ 63.0%
Debt
€159k ▲ 40.7%
Debt's share of the balance-sheet total rises from 83.8% to 95.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-6k▼
2023 · €4k
Cash flow
€-9k▼
2023 · €96
Current ratio
1.24▼
2023 · 1.44
Quick ratio
0.89▼
2023 · 0.92
Debt to equity
19.71▲
2023 · 5.18
ROE
-170.5%▼
2023 · -21.8%
ROA
-8.2%▼
2023 · -3.5%
Interest coverage
-2.12▼
2023 · 5.88
Debt ≤ 1 year
€134k▲
2023 · €89k
Debt > 1 year
€15k=
2023 · €15k
Income taxes
€131▼
2023 · €2k
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 · 2024 against 2023 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€135k€167k▲
Fixed assets21/28€6k€1k▼
Intangible fixed assets21€2k€1k▼
Tangible fixed assets22/27€4k-
Plant, machinery and equipment23€3k-
Furniture and vehicles24€1k-
Current assets29/58€129k€166k▲
Stocks and contracts in progress3€47k€47k=
Stocks30/36€47k€47k=
Amounts receivable within one year40/41€75k€98k▲
Trade receivables40€26k€9k▼
Other amounts receivable41€49k€89k▲
Cash at bank and in hand54/58€1k€11k▲
Deferred charges and accrued income490/1€5k€10k▲
Equity and liabilities
Total equity and liabilities10/49€135k€167k▲
Equity10/15€22k€8k▼
Contributions10/11€3k€3k=
Reserves13€19k€5k▼
Distributable reserves133€19k€5k▼
Amounts payable17/49€113k€159k▲
Amounts payable after more than one year17€15k€15k=
Financial debts170/4€15k€15k=
Amounts payable within one year42/48€89k€134k▲
Financial debts43-€30k
Credit institutions430/8-€30k
Trade debts44€78k€102k▲
Suppliers440/4€78k€102k▲
Taxes, remuneration and social security45€12k€2k▼
Taxes450/3€9k€2k▼
Remuneration and social security454/9€3k-
Accrued charges and deferred income492/3€9k€10k▲
Income statement
Code20232024
Non-recurring operating income76A€521€14k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€5k€-3k▼
Operating profit (loss)9901€-1k€-11k▼
Financial income75/76B€617€4k▲
Recurring financial income75€617€4k▲
Financial charges65/66B€3k€6k▲
Recurring financial charges65€644€3k▲
Non-recurring financial charges66B€2k€3k▲
Profit (loss) for the period before taxes9903€-3k€-14k▼
Income taxes67/77€2k€131▼
Profit (loss) for the period9904€-5k€-14k▼
Profit (loss) for the period to be appropriated9905€-5k€-14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-5k€-14k▼
Transfer from equity791/2€5k€14k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | €521 | €14k | ▲ 2,595% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €5k | €5k | ▲ 0.7% |
| Other operating charges640/8 | €3k | €2k | €3k | ▲ 83.8% |
| Gross operating margin9900 | €38k | €5k | €-3k | ▼ 165% |
| Operating profit (loss)9901 | €31k | €-1k | €-11k | ▼ 966% |
| Financial income75/76B | €17 | €617 | €4k | ▲ 531% |
| Recurring financial income75 | €17 | €617 | €4k | ▲ 531% |
| Financial charges65/66B | €393 | €3k | €6k | ▲ 123% |
| Recurring financial charges65 | €393 | €644 | €3k | ▲ 370% |
| Non-recurring financial charges66B | - | €2k | €3k | ▲ 48.2% |
| Profit (loss) for the period before taxes9903 | €31k | €-3k | €-14k | ▼ 321% |
| Income taxes67/77 | €7k | €2k | €131 | ▼ 91.3% |
| Profit (loss) for the period9904 | €24k | €-5k | €-14k | ▼ 190% |
| Profit (loss) for the period to be appropriated9905 | €24k | €-5k | €-14k | ▼ 190% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €156k | €135k | €167k | ▲ 23.9% |
| Fixed assets21/28 | €9k | €6k | €1k | ▼ 79.9% |
| Intangible fixed assets21 | €499 | €2k | €1k | ▼ 34.5% |
| Tangible fixed assets22/27 | €8k | €4k | - | - |
| Plant, machinery and equipment23 | €6k | €3k | - | - |
| Furniture and vehicles24 | €2k | €1k | - | - |
| Current assets29/58 | €147k | €129k | €166k | ▲ 28.8% |
| Stocks and contracts in progress3 | - | €47k | €47k | = |
| Stocks30/36 | - | €47k | €47k | = |
| Amounts receivable within one year40/41 | €127k | €75k | €98k | ▲ 30.3% |
| Trade receivables40 | €60k | €26k | €9k | ▼ 66.6% |
| Other amounts receivable41 | €67k | €49k | €89k | ▲ 82.4% |
| Cash at bank and in hand54/58 | €21k | €1k | €11k | ▲ 730% |
| Deferred charges and accrued income490/1 | €47 | €5k | €10k | ▲ 94.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €156k | €135k | €167k | ▲ 23.9% |
| Equity10/15 | €27k | €22k | €8k | ▼ 63.0% |
| Contributions10/11 | €3k | €3k | €3k | = |
| Reserves13 | €24k | €19k | €5k | ▼ 73.1% |
| Distributable reserves133 | €24k | €19k | €5k | ▼ 73.1% |
| Amounts payable17/49 | €130k | €113k | €159k | ▲ 40.7% |
| Amounts payable after more than one year17 | - | €15k | €15k | = |
| Financial debts170/4 | - | €15k | €15k | = |
| Amounts payable within one year42/48 | €121k | €89k | €134k | ▲ 49.8% |
| Financial debts43 | - | - | €30k | - |
| Credit institutions430/8 | - | - | €30k | - |
| Trade debts44 | €114k | €78k | €102k | ▲ 31.4% |
| Suppliers440/4 | €114k | €78k | €102k | ▲ 31.4% |
| Taxes, remuneration and social security45 | €7k | €12k | €2k | ▼ 85.5% |
| Taxes450/3 | €7k | €9k | €2k | ▼ 81.4% |
| Remuneration and social security454/9 | - | €3k | - | - |
| Accrued charges and deferred income492/3 | €8k | €9k | €10k | ▲ 16.9% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €24k | €-5k | €-14k | ▼ 190% |
| + Depreciation and write-downs630 | €4k | €5k | €5k | ▲ 0.7% |
| Operating cash flow (approximation) | €28k | €96 | €-9k | ▼ 9,341% |
| Investment in fixed assets (approximation) | - | €-2k | €0 | ▲ 100% |
| Change in cash | - | €-19k | €9k | ▲ 148% |
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
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 92 days late
2024
31-12
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series.
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 92 days late
2023
08-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 130 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Bilzen-Hoeselt · 1 establishment unit since 2021
Ground area
1,441 m²
Building footprint
191 m²
Volume, LiDAR
1,200 m³
Parcel 73032B0428/00D002, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MVDB Technieken
since 20212.322.600.563
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73032B0428/00D002 | Flanders | 1,440 m² | 1 · 191 m² | 9.5 m · 2 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 1,194 EUR awarded · 1,194 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,194 EUR | 1,194 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 887 companies in sector 33110 we hold annual accounts for 441. 184 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
Founded01-10-2021
Fiscal year end31-12
Activities, NACEBEL 2025
33110Repair and maintenance of fabricated metal products
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
Scores and ratios are computed by Checked and are not a credit decision.