Summary
MVDL is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €131k and a net result of €54k. Equity is growing by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 17% of 9863 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 9863 sector peers (2024).
NBB · sector comparisonPosition among 9863 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
30 d late
2022
11 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€131k▲ 69.7%
2023 · €77k
2022: €123k
2023: €77k
2022 → 2024
Net result
€54k
2023 · €-45k
2022: €121k
2023: €-45k
2022 → 2024
Total assets
€979k▲ 3.5%
2023 · €946k
2022: €175k
2023: €946k
2022 → 2024
Solvency
13.4%▲ 5.2pp
2023 · 8.2%
2022: 69.8%
2023: 8.2%
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€123k-€77k▼ 36.8%€131k▲ 69.7%
Operating result€154k-€-30k€70k
Net result€121k-€-45k€54k
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: €70k after a loss of €30k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €979k
Fixed assets
€858k ▼ 4.4%
Current assets
€121k ▲ 150%
Equity and liabilities €979k
Equity
€131k ▲ 69.7%
Debt
€848k ▼ 2.4%
Debt's share of the balance-sheet total falls from 91.8% to 86.6%. Equity is higher and debt is lower.
Key figures and ratios
ROE
41.1%▲
2023 · -58.2%
ROA
5.5%▲
2023 · -4.8%
Debt ≤ 1 year
€487k▼
2023 · €494k
Debt > 1 year
€361k▼
2023 · €375k
Income taxes
€2k▲
2023 · €0
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 · 40 lines
Balance sheet
Code20232024
Assets
Total assets20/58€946k€979k▲
Fixed assets21/28€898k€858k▼
Tangible fixed assets22/27€898k€858k▼
Land and buildings22€893k€854k▼
Plant, machinery and equipment23€5k€4k▼
Current assets29/58€49k€121k▲
Amounts receivable within one year40/41€43k€8k▼
Trade receivables40€43k€8k▼
Cash at bank and in hand54/58€5k€112k▲
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€946k€979k▲
Equity10/15€77k€131k▲
Contributions10/11€2k€2k=
Reserves13€120k€129k▲
Distributable reserves133€120k€129k▲
Profit (loss) carried forward14€-45k€447▲
Amounts payable17/49€869k€848k▼
Amounts payable after more than one year17€375k€361k▼
Financial debts170/4€375k€361k▼
Amounts payable within one year42/48€494k€487k▼
Current portion of amounts payable after more than one year42€14k€16k▲
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Taxes, remuneration and social security45€3k€13k▲
Taxes450/3€3k€13k▲
Other amounts payable47/48€476k€456k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€144k€40k▼
Other operating charges640/8€1k€2k▲
Gross operating margin9900€115k€112k▼
Operating profit (loss)9901€-30k€70k▲
Financial charges65/66B€15k€14k▼
Recurring financial charges65€15k€14k▼
Profit (loss) for the period before taxes9903€-45k€56k▲
Income taxes67/77€0€2k▲
Profit (loss) for the period9904€-45k€54k▲
Profit (loss) for the period to be appropriated9905€-45k€54k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-45k€9k▲
Profit (loss) brought forward from the previous period14P€518€-45k▼
Transfer to equity691/2€0€9k▲
To other reserves6921€0€9k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €54k
Net result €54k after one loss-making year.
31-12
Financial
Equity above €100kEq €131k ▲69.7%
Equity rises from €77k to €131k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-45k ▼137%
Net result drops to €-45k, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Ardooie · 1 establishment unit since 2022
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.
Bruinbergstraat 68850 ArdooieGround area
9,609 m²
Building footprint
2,295 m²
Volume, LiDAR
1,340 m³
2 parcels, Flanders · tallest building 7.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MVDL
since 20222.326.342.981
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37011A0160/00F000 | Flanders | 5,343 m² | 1 · 1,891 m² | - |
| 36001D0629/00D000 | Flanders | 4,266 m² | 1 · 404 m² | 7.2 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
TRIXACON
BE 0687.476.612
Waregem · Eq €131,441
VIZIR
BE 0540.856.261
Herent · Eq €131,390
LIMA CONSULTANCY
BE 0749.900.070
Genk · Eq €131,386
Syer
BE 0783.516.114
Hasselt · Eq €131,510
COPERMA
BE 0428.356.255
Oostende · Eq €131,383
Of 24,725 companies in sector 64210 we hold annual accounts for 19,762. 12,958 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-01-2022
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.