MVDH Security

Active

Private limited companyfounded 20206 yrs activeBrusselsesteenweg 175, 9090 Merelbeke-Melle, BelgiumKBO/BCE: BE 0750.813.454

The computed 12-month bankruptcy probability of MVDH Security is 1.7% (moderate). The 2025 annual accounts show equity of €423k and a net result of €522k. Equity is growing by ~33.6% per year across the filed fiscal years. Its solvency ranks better than 46% of 7692 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

66 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100=

Solvency66▲+1

Growth78=

Track record100

Bankruptcy probability, 12 months

1.7% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €25k at 30 days acceptable

Liquidity tight (current ratio 1.21 against 1.14 in 2024; short-term debt: 57.3% and cash: 21.1% of total assets), and 58.9% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

41.1%

Return on assets

50.8%

Age of the figures

9 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-03-2026, 142 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

142 d early

2024

114 d early

2023

27 d early

2022

53 d late

2021

4 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

17-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Equity

€423k▲ 8.3%

2024 · €391k

2021: €95k 2022: €225k 2023: €245k 2024: €391k

2021 → 2025

Total assets

€1.03M▲ 4.4%

2024 · €985k

2021: €585k 2022: €878k 2023: €804k 2024: €985k

2021 → 2025

Net result

€522k▼ 11.6%

2024 · €591k

2021: €45k 2022: €330k 2023: €239k 2024: €591k

2021 → 2025

Working capital

€126k▲ 60.6%

2024 · €79k

2021: €58k 2022: €168k 2023: €15k 2024: €79k

2021 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€95k-€225k▲ 137%€245k▲ 8.6%€391k▲ 59.6%€423k▲ 8.3%

Operating result€76k-€400k▲ 425%€256k▼ 36.0%€674k▲ 163%€581k▼ 13.8%

Net result€45k-€330k▲ 637%€239k▼ 27.5%€591k▲ 147%€522k▼ 11.6%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 14% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €1.03M

30.5%

69.5%

Fixed assets €313k▼ 8.9%

Current assets €715k▲ 11.5%

Equity and liabilities €1.03M

41.1%

58.9%

Equity €423k▲ 8.3%

Debt €606k▲ 1.8%

The debt ratio falls from 60.4% to 58.9%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€658k▼

2024 · €755k

Cash flow

€599k▼

2024 · €672k

Solvency

41.1%▲

2024 · 39.6%

Current ratio

1.21▲

2024 · 1.14

Quick ratio

1.12▲

2024 · 1.04

Debt / equity

1.43▼

2024 · 1.52

ROE

123.5%▼

2024 · 151.3%

ROA

50.8%▼

2024 · 60.0%

Interest coverage

219.38▲

2024 · 81.96

Debt

€606k▲

2024 · €595k

Debt ≤ 1 year

€589k▲

2024 · €563k

Debt > 1 year

€16k▼

2024 · €32k

Income taxes

€57k▼

2024 · €84k

Staff costs

€377k▲

2024 · €324k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€985k€1.03M▲

Fixed assets21/28€344k€313k▼

Intangible fixed assets21€180k€150k▼

Tangible fixed assets22/27€164k€163k▼

Plant, machinery and equipment23€10k€2k▼

Furniture and vehicles24€90k€59k▼

Other tangible fixed assets26€64k€102k▲

Current assets29/58€641k€715k▲

Stocks and contracts in progress3€53k€53k▼

Stocks30/36€53k€53k▼

Amounts receivable within one year40/41€236k€180k▼

Trade receivables40€188k€147k▼

Other amounts receivable41€48k€33k▼

Current investments50/53-€250k

Cash at bank and in hand54/58€340k€217k▼

Deferred charges and accrued income490/1€12k€15k▲

Equity and liabilities

Total equity and liabilities10/49€985k€1.03M▲

Equity10/15€391k€423k▲

Contributions10/11€50k€50k=

Reserves13€341k€373k▲

Distributable reserves133€341k€373k▲

Profit (loss) carried forward14€0€0=

Amounts payable17/49€595k€606k▲

Amounts payable after more than one year17€32k€16k▼

Financial debts170/4€32k€16k▼

Amounts payable within one year42/48€563k€589k▲

Current portion of amounts payable after more than one year42€66k€16k▼

Financial debts43-€239

Credit institutions430/8-€239

Trade debts44€2k€68k▲

Suppliers440/4€2k€68k▲

Advances received on contracts in progress46€7k€20k▲

Taxes, remuneration and social security45€43k€41k▼

Taxes450/3€18k€8k▼

Remuneration and social security454/9€24k€32k▲

Other amounts payable47/48€445k€445k=

Accrued charges and deferred income492/3€0€500▲

Income statement Code20242025

Remuneration, social security and pensions62€324k€377k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€81k€77k▼

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€310€21k▲

Other operating charges640/8€6k€4k▼

Non-recurring operating charges66A€0-

Gross operating margin9900€1.09M€1.06M▼

Operating profit (loss)9901€674k€581k▼

Financial income75/76B€10k€2k▼

Recurring financial income75€10k€2k▼

Financial charges65/66B€9k€3k▼

Recurring financial charges65€9k€3k▼

Profit (loss) for the period before taxes9903€675k€580k▼

Income taxes67/77€84k€57k▼

Profit (loss) for the period9904€591k€522k▼

Profit (loss) for the period to be appropriated9905€591k€522k▼

Appropriation of the result

Profit (loss) to be appropriated9906€591k€522k▼

Transfer from equity791/2-€45k

Transfer to equity691/2€146k€77k▼

To other reserves6921€146k€77k▼

Profit to be distributed694/7€445k€490k▲

Return on contributions (dividend)694-€45k

Directors or managers695€400k€400k=

Other beneficiaries697€45k€45k=

Social balance

Average headcount (FTE)90875.66.4▲

The notes to these accounts (23 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Financial 2Filings 5

Next filing, fiscal year 2026, expected by 31-07-2027

2026

11-03

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

08-04

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Highest result since 2021net €591k ▲147%

Operating result €674k, net result €591k, both a record.

04-07

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

22-09

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 53 days late

2022

31-12

Financial Equity above €200kEq €225k ▲137%

2 profitable years in a row build equity to €225k.

27-07

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

5 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, Merelbeke-Melle · 1 establishment unit since 2020

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Brusselsesteenweg 1759090 Merelbeke-Melle

Ground area

905 m²

Building footprint

166 m²

Volume, LiDAR

789 m³

Parcel 44402B0095/00V000, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

MVDH Security

Brusselsesteenweg 175, 9090 Merelbeke-MelleRepair and maintenance of electrical equipment

since 20202.304.953.788

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44402B0095/00V000	Flanders	905 m²	1 · 166 m²	10.7 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

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

2022 to 2025 · 4 entries · 1,216 EUR awarded · 1,069 EUR paid

Year	Entries	awarded	paid
2025	1	178 EUR	178 EUR
2024	1	600 EUR	475 EUR
2023	1	126 EUR	104 EUR
2022	1	312 EUR	312 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

4 entries · 1,216 EUR · 1,069 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Recognised contractor

2 categories

MVDH Security BV41756

category P1, class 1 · category P2, class 1

decision 03-02-2022

Dual-learning approval

1 live approval · 1 ended

Beveiligingstechnicus duaal (so)

Goedgekeurd · 2023 to 2028

Similar companies · same sector, comparable size

VAN DE WOESTIJNE

BE 0891.846.308

Puurs-Sint-Amands · Eq €423k

DE LOOSE THOMAS

BE 0845.125.069

Dendermonde · Eq €423k

Pont-à-Celles · Eq €422k

Of 22,822 companies in sector 43211 we hold annual accounts for 10,324. 6,879 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded17-07-2020

Fiscal year end31-12

Activities, NACEBEL

43211General electrical installation work

43214Specialised construction activities

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.