MVE
ActiveMVE has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €115k and a net result of €207k. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 13% of 7760 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability94▲+3
Solvency36▼-8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity short (current ratio 0.97 against 1.3 in 2024; short-term debt: 43.6% and cash: 12.6% of total assets), and 88.7% of the assets are financed with debt.
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
raises risk · 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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
11.3%
Return on assets
20.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 7760 sector peers (2025).
NBB · sector comparisonPosition among 7760 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-05-2026, 85 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
85 d early
2024
3 d early
2023
69 d early
2022
140 d early
2021
124 d early
2020
114 d early
2019
12 d late
← before the deadline
after the deadline →
neutral · 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 monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€115k▼ 42.7%
2024 · €201k
2018: €91k
2019: €144k
2020: €198k
2021: €256k
2022: €209k
2023: €94k
2024: €201k
2018 → 2025
Total assets
€1.02M▼ 1.5%
2024 · €1.04M
2018: €624k
2019: €785k
2020: €1.12M
2021: €1.02M
2022: €893k
2023: €820k
2024: €1.04M
2018 → 2025
Net result
€207k▲ 13.3%
2024 · €182k
2018: €38k
2019: €53k
2020: €54k
2021: €57k
2022: €83k
2023: €75k
2024: €182k
2018 → 2025
Working capital
€-11k
2024 · €89k
2018: €118k
2019: €146k
2020: €184k
2021: €251k
2022: €181k
2023: €31k
2024: €89k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€256k-€209k▼ 18.3%€94k▼ 55.0%€201k▲ 114%€115k▼ 42.7%
Operating result€86k-€120k▲ 39.1%€113k▼ 6.3%€231k▲ 105%€250k▲ 8.3%
Net result€57k-€83k▲ 44.1%€75k▼ 8.8%€182k▲ 142%€207k▲ 13.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 8% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.02M
Fixed assets
€587k▼ 10.2%
Current assets
€435k▲ 13.1%
Equity and liabilities €1.02M
Equity
€115k▼ 42.7%
Debt
€906k▲ 8.4%
The debt ratio rises from 80.6% to 88.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€370k▲
2024 · €345k
Cash flow
€327k▲
2024 · €297k
Solvency
11.3%▼
2024 · 19.4%
Current ratio
0.97▼
2024 · 1.30
Quick ratio
0.74▼
2024 · 1.02
Debt / equity
7.85▲
2024 · 4.15
ROE
179.2%▲
2024 · 90.6%
ROA
20.2%▲
2024 · 17.6%
Interest coverage
19.50▲
2024 · 14.20
Debt
€906k▲
2024 · €836k
Debt ≤ 1 year
€446k▲
2024 · €295k
Debt > 1 year
€460k▼
2024 · €541k
Income taxes
€25k▲
2024 · €25k
Staff costs
€253k▲
2024 · €219k
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€1.04M€1.02M▼
Fixed assets21/28€653k€587k▼
Tangible fixed assets22/27€653k€587k▼
Land and buildings22€243k€219k▼
Plant, machinery and equipment23€197k€209k▲
Furniture and vehicles24€30k€18k▼
Leasing and similar rights25€183k€141k▼
Current assets29/58€384k€435k▲
Stocks and contracts in progress3€84k€103k▲
Stocks30/36€64k€70k▲
Contracts in progress37€20k€33k▲
Amounts receivable within one year40/41€162k€186k▲
Trade receivables40€146k€169k▲
Other amounts receivable41€16k€17k▲
Cash at bank and in hand54/58€124k€129k▲
Deferred charges and accrued income490/1€15k€17k▲
Equity and liabilities
Total equity and liabilities10/49€1.04M€1.02M▼
Equity10/15€201k€115k▼
Contributions10/11€19k€19k=
Reserves13€183k€97k▼
Distributable reserves133€183k€97k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€836k€906k▲
Amounts payable after more than one year17€541k€460k▼
Financial debts170/4€541k€460k▼
Amounts payable within one year42/48€295k€446k▲
Current portion of amounts payable after more than one year42€115k€81k▼
Trade debts44€47k€128k▲
Suppliers440/4€47k€128k▲
Taxes, remuneration and social security45€13k€17k▲
Taxes450/3€5k€5k▲
Remuneration and social security454/9€8k€12k▲
Other amounts payable47/48€121k€221k▲
Income statement
Code20242025
Remuneration, social security and pensions62€219k€253k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€114k€120k▲
Other operating charges640/8€10k€8k▼
Gross operating margin9900€574k€631k▲
Operating profit (loss)9901€231k€250k▲
Financial income75/76B€5€427▲
Recurring financial income75€5€427▲
Financial charges65/66B€24k€19k▼
Recurring financial charges65€24k€19k▼
Profit (loss) for the period before taxes9903€207k€232k▲
Income taxes67/77€25k€25k▲
Profit (loss) for the period9904€182k€207k▲
Profit (loss) for the period to be appropriated9905€182k€207k▲
Appropriation of the result
Profit (loss) to be appropriated9906€182k€207k▲
Transfer from equity791/2€0€183k▲
Transfer to equity691/2€107k€97k▼
To other reserves6921€107k€97k▼
Profit to be distributed694/7€75k€293k▲
Return on contributions (dividend)694€0€183k▲
Directors or managers695€75k€110k▲
Social balance
Average headcount (FTE)90874.44.6▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €207k ▲13.3%
Operating result €250k, net result €207k, both a record.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €200kEq €201k ▲114%
7 profitable years in a row build equity to €201k.
23-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
13-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €200kEq €256k ▲28.9%
4 profitable years in a row build equity to €256k.
08-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €150kEq €198k ▲37.8%
3 profitable years in a row build equity to €198k.
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 12 days late
2019
31-12
Financial
Equity above €100kEq €144k ▲58.6%
2 profitable years in a row build equity to €144k.
04-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Boechout · 1 establishment unit since 2015
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.
Broechemsesteenweg 1482531 BoechoutGround area
3,296 m²
Building footprint
1,417 m²
Volume, LiDAR
3,862 m³
Parcel 11047B0302/00A000, Flanders · tallest building 15.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MVE
since 20152.245.025.507
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11047B0302/00A000 | Flanders | 3,296 m² | 1 · 1,417 m² | 15.3 m · 1 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
2023 to 2025 · 3 entries · 1,871 EUR awarded · 1,393 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,073 EUR | 595 EUR |
| 2024 | 1 | 587 EUR | 587 EUR |
| 2023 | 1 | 211 EUR | 211 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 20,026 companies in sector 43320 we hold annual accounts for 9,136. 7,713 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-07-2015
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
16230Manufacture of other builders' carpentry and joinery
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.