MVDE
Open bankruptcyA bankruptcy procedure is open for MVDE according to publications in the Belgian State Gazette; curator: NATHALIE BEERNAERT.
Summary
The 2024 annual accounts show equity of €18k and a net result of €12k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-08-2025, 19 days 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
19 d late
2023
4 d late
2022
9 d late
2021
6 d early
2020
22 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€18k▲ 168%
2023 · €7k
2020: €19khighest in 5 years
2021: €-2k▼ -110% vs 2020lowest in 5 years
2022: €10k▲ +632% vs 2021
2023: €7k▼ -31.1% vs 2022
2024: €18k▲ +168% vs 2023
2020 → 2024
Total assets
€35k▲ 84.2%
2023 · €19k
2020: €38khighest in 5 years
2021: €24k▼ -38.0% vs 2020
2022: €24k▲ +1.8% vs 2021
2023: €19k▼ -20.2% vs 2022lowest in 5 years
2024: €35k▲ +84.2% vs 2023
2020 → 2024
Net result
€12k
2023 · €-3k
2020: €18khighest in 5 years
2021: €-21k▼ -217% vs 2020lowest in 5 years
2022: €12k▲ +156% vs 2021
2023: €-3k▼ -126% vs 2022
2024: €12k▲ +472% vs 2023
2020 → 2024
Working capital
€-5k
2023 · €1k
2020: €7khighest in 5 years
2021: €-13k▼ -294% vs 2020lowest in 5 years
2022: €-578▲ +95.5% vs 2021
2023: €1k▲ +333% vs 2022
2024: €-5k▼ -494% vs 2023
2020 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€19k-€-2k€10k€7k▼ 31.1%€18k▲ 168%
2020: €19khighest in 5 years
2021: €-2k▼ -110% vs 2020lowest in 5 years
2022: €10k▲ +632% vs 2021
2023: €7k▼ -31.1% vs 2022
2024: €18k▲ +168% vs 2023
Operating result€23k-€-21k€12k€-2k€13k
2020: €23khighest in 5 years
2021: €-21k▼ -192% vs 2020lowest in 5 years
2022: €12k▲ +157% vs 2021
2023: €-2k▼ -115% vs 2022
2024: €13k▲ +816% vs 2023
Net result€18k-€-21k€12k€-3k€12k
2020: €18khighest in 5 years
2021: €-21k▼ -217% vs 2020lowest in 5 years
2022: €12k▲ +156% vs 2021
2023: €-3k▼ -126% vs 2022
2024: €12k▲ +472% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €13k after a loss of €2k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €35k
Fixed assets
€24k ▲ 331%
Current assets
€11k ▼ 15.5%
Equity and liabilities €35k
Equity
€18k ▲ 168%
Debt
€17k ▲ 37.1%
Debt's share of the balance-sheet total falls from 64.1% to 47.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€19k▲
2023 · €5k
Cash flow
€18k▲
2023 · €3k
Current ratio
0.68▼
2023 · 1.11
Debt to equity
0.91▼
2023 · 1.79
ROE
62.7%▲
2023 · -45.2%
ROA
32.8%▲
2023 · -16.2%
Interest coverage
13.80▲
2023 · 3.65
Debt ≤ 1 year
€17k▲
2023 · €12k
Staff costs
€21k
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 · 36 lines
Balance sheet
Code20232024
Assets
Total assets20/58€19k€35k▲
Fixed assets21/28€6k€24k▲
Tangible fixed assets22/27€6k€24k▲
Plant, machinery and equipment23€4k€20k▲
Furniture and vehicles24€2k€4k▲
Current assets29/58€14k€11k▼
Amounts receivable after more than one year29-€3k
Other amounts receivable291-€3k
Amounts receivable within one year40/41€6k€323▼
Trade receivables40€3k-
Other amounts receivable41€3k€323▼
Cash at bank and in hand54/58€7k€8k▲
Equity and liabilities
Total equity and liabilities10/49€19k€35k▲
Equity10/15€7k€18k▲
Contributions10/11€2k€2k=
Profit (loss) carried forward14€5k€16k▲
Amounts payable17/49€12k€17k▲
Amounts payable within one year42/48€12k€17k▲
Trade debts44€2k€4k▲
Suppliers440/4€2k€4k▲
Taxes, remuneration and social security45€7k€12k▲
Taxes450/3€2k€7k▲
Remuneration and social security454/9€5k€5k=
Other amounts payable47/48€3k-
Income statement
Code20232024
Remuneration, social security and pensions62-€21k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€6k▼
Other operating charges640/8€5k€90k▲
Gross operating margin9900€10k€131k▲
Operating profit (loss)9901€-2k€13k▲
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€-3k€12k▲
Profit (loss) for the period9904€-3k€12k▲
Profit (loss) for the period to be appropriated9905€-3k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€5k€16k▲
Profit (loss) brought forward from the previous period14P€8k€5k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €21k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €4k | €4k | €7k | €6k | ▼ 4.9% |
| Other operating charges640/8 | - | €816 | €4k | €5k | €90k | ▲ 1,592% |
| Gross operating margin9900 | €26k | €-17k | €20k | €10k | €131k | ▲ 1,201% |
| Operating profit (loss)9901 | €23k | €-21k | €12k | €-2k | €13k | ▲ 816% |
| Financial income75/76B | - | €0 | - | - | - | - |
| Recurring financial income75 | €54 | €0 | - | - | - | - |
| Financial charges65/66B | - | €36 | €204 | €1k | €1k | ▲ 7.2% |
| Recurring financial charges65 | €465 | €36 | €204 | €1k | €1k | ▲ 7.2% |
| Profit (loss) for the period before taxes9903 | €23k | €-21k | €12k | €-3k | €12k | ▲ 472% |
| Income taxes67/77 | €5k | - | - | - | - | - |
| Profit (loss) for the period9904 | €18k | €-21k | €12k | €-3k | €12k | ▲ 472% |
| Profit (loss) for the period to be appropriated9905 | €18k | €-21k | €12k | €-3k | €12k | ▲ 472% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €38k | €24k | €24k | €19k | €35k | ▲ 84.2% |
| Formation expenses20 | €349 | €4 | - | - | - | - |
| Fixed assets21/28 | €12k | €11k | €11k | €6k | €24k | ▲ 331% |
| Intangible fixed assets21 | €1 | - | - | - | - | - |
| Tangible fixed assets22/27 | €12k | €11k | €11k | €6k | €24k | ▲ 331% |
| Plant, machinery and equipment23 | - | €7k | €5k | €4k | €20k | ▲ 412% |
| Furniture and vehicles24 | - | €4k | €5k | €2k | €4k | ▲ 140% |
| Current assets29/58 | €25k | €13k | €13k | €14k | €11k | ▼ 15.5% |
| Amounts receivable after more than one year29 | - | - | - | - | €3k | - |
| Other amounts receivable291 | - | - | - | - | €3k | - |
| Amounts receivable within one year40/41 | €7k | €8k | €2k | €6k | €323 | ▼ 94.9% |
| Trade receivables40 | - | €5k | €1k | €3k | - | - |
| Other amounts receivable41 | - | €3k | €1k | €3k | €323 | ▼ 88.8% |
| Cash at bank and in hand54/58 | €18k | €4k | €4k | €7k | €8k | ▲ 12.3% |
| Deferred charges and accrued income490/1 | - | €421 | €7k | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €38k | €24k | €24k | €19k | €35k | ▲ 84.2% |
| Equity10/15 | €19k | €-2k | €10k | €7k | €18k | ▲ 168% |
| Contributions10/11 | - | €2k | €2k | €2k | €2k | = |
| Reserves13 | €17k | - | - | - | - | - |
| Profit (loss) carried forward14 | - | €-4k | €8k | €5k | €16k | ▲ 238% |
| Amounts payable17/49 | €19k | €25k | €14k | €12k | €17k | ▲ 37.1% |
| Amounts payable within one year42/48 | €19k | €25k | €14k | €12k | €17k | ▲ 37.1% |
| Trade debts44 | €3k | €4k | €4k | €2k | €4k | ▲ 191% |
| Suppliers440/4 | - | €4k | €4k | €2k | €4k | ▲ 191% |
| Taxes, remuneration and social security45 | - | €14k | €4k | €7k | €12k | ▲ 67.1% |
| Taxes450/3 | - | €8k | €1k | €2k | €7k | ▲ 214% |
| Remuneration and social security454/9 | - | €6k | €3k | €5k | €5k | = |
| Other amounts payable47/48 | - | €7k | €6k | €3k | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18k | €-21k | €12k | €-3k | €12k | ▲ 472% |
| + Depreciation and write-downs630 | €2k | €4k | €4k | €7k | €6k | ▼ 4.9% |
| Operating cash flow (approximation) | €21k | €-17k | €16k | €3k | €18k | ▲ 418% |
| Investment in fixed assets (approximation) | - | €-2k | €-4k | €-1k | €-24k | ▼ 1,529% |
| Change in cash | - | €-15k | €639 | €3k | €892 | ▼ 68.7% |
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
2026
18-03
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 12-03-2026
2025
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
04-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 4 days late
2023
09-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 9 days late
2022
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-21k
Net result drops to €-21k, the lowest in the series.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
SignalFinancial 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, Izegem · 2 establishment units since 2020
Ground area
886 m²
Building footprint
496 m²
Volume, LiDAR
2,833 m³
2 parcels, Flanders · tallest building 11.4 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Ronsesestraat 54, 9660 Brakel
since 20202.299.819.025
MARLYN
since 20242.358.350.211
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45028C0475/00A003 | Flanders | 530 m² | 1 · 304 m² | 11.4 m · 2 fl. |
| 36494D1312/00H000 | Flanders | 356 m² | 1 · 193 m² | 8.6 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | NATHALIE BEERNAERT DAMMESTRAAT-WEST 6,
8800 ROESELARE |
12-03-2026 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteIzegem2.358.350.211
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Of 21,861 companies in sector 56112 we hold annual accounts for 9,773. 7,978 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
Founded02-03-2020
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
43211General electrical installation work
43410Roofing work
Scores and ratios are computed by Checked and are not a credit decision.