MVG PARTNERS
ActiveSummary
MVG PARTNERS has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €71k and a net result of €25k. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 77% of 1638 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
93
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+6
Solvency98▲+20
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 3.72 against 4.45 in 2024; short-term debt: 26.9% and cash: 45.1% of total assets), and 26.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
73.1%
Return on assets
25.5%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €71k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 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 · 10 filingsDeviation from the deadline
2025
20 d late
2024
121 d late
2023
61 d late
2022
17 d late
2021
52 d late
2020
25 d late
2019
69 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€71k▲ 53.4%
2024 · €46k
2018: €46k
2019: €47k
2020: €48k
2021: €39k
2022: €36k
2023: €38k
2024: €46k
2018 → 2025
Total assets
€97k▲ 10.5%
2024 · €88k
2018: €73k
2019: €61k
2020: €63k
2021: €45k
2022: €47k
2023: €71k
2024: €88k
2018 → 2025
Net result
€25k▲ 38.8%
2024 · €18k
2018: €16k
2019: €7k
2020: €5k
2021: €-9k
2022: €-4k
2023: €21k
2024: €18k
2018 → 2025
Working capital
€71k▲ 5.2%
2024 · €67k
2018: €33k
2019: €38k
2020: €42k
2021: €35k
2022: €30k
2023: €34k
2024: €67k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€39k-€36k▼ 9.4%€38k▲ 8.0%€46k▲ 20.2%€71k▲ 53.4%
Operating result€-8k-€-3k▲ 61.0%€24k€26k▲ 9.4%€35k▲ 32.5%
Net result€-9k-€-4k▲ 57.0%€21k€18k▼ 14.8%€25k▲ 38.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 32% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €97k
Equity
€71k ▲ 53.4%
Debt
€26k ▼ 37.3%
Debt's share of the balance-sheet total falls from 47.3% to 26.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€36k▲
2024 · €30k
Cash flow
€26k▲
2024 · €21k
Current ratio
3.72▼
2024 · 4.45
Debt to equity
0.37▼
2024 · 0.90
ROE
34.8%▼
2024 · 38.5%
ROA
25.5%▲
2024 · 20.3%
Interest coverage
46.42▼
2024 · 81.29
Debt ≤ 1 year
€26k▲
2024 · €20k
Income taxes
€10k▲
2024 · €8k
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 · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€88k€97k▲
Fixed assets21/28€844-
Tangible fixed assets22/27€844-
Plant, machinery and equipment23€844-
Current assets29/58€87k€97k▲
Amounts receivable within one year40/41€72k€53k▼
Trade receivables40€70k€52k▼
Other amounts receivable41€2k€2k▲
Cash at bank and in hand54/58€15k€44k▲
Equity and liabilities
Total equity and liabilities10/49€88k€97k▲
Equity10/15€46k€71k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€28k€52k▲
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Distributable reserves133€26k€50k▲
Amounts payable17/49€42k€26k▼
Amounts payable within one year42/48€20k€26k▲
Trade debts44€965€2k▲
Suppliers440/4€965€2k▲
Taxes, remuneration and social security45€19k€24k▲
Taxes450/3€19k€22k▲
Remuneration and social security454/9-€3k
Accrued charges and deferred income492/3€22k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€844▼
Other operating charges640/8€620€961▲
Non-recurring operating charges66A€22k-
Gross operating margin9900€53k€37k▼
Operating profit (loss)9901€26k€35k▲
Financial income75/76B€21€22▲
Recurring financial income75€21€22▲
Financial charges65/66B€368€773▲
Recurring financial charges65€368€773▲
Profit (loss) for the period before taxes9903€26k€34k▲
Income taxes67/77€8k€10k▲
Profit (loss) for the period9904€18k€25k▲
Profit (loss) for the period to be appropriated9905€18k€25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€18k€25k▲
Transfer to equity691/2€8k€25k▲
To other reserves6921€8k€25k▲
Profit to be distributed694/7€10k-
Employees696€10k-
The notes to these accounts (3 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
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 20 days late
2025
31-12
Financial
Highest result since 2018net €25k ▲38.8%
Operating result €35k, net result €25k, both a record.
29-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 121 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 4.45
Current ratio from 2.03 to 4.45; short-term debt falls from €33k to €20k.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Back to profitnet €21k
Net result €21k after 2 loss-making years.
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
21-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 52 days late
2021
31-12
Financial
Weakest financial yearnet €-9k ▼276%
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 13 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
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, Jalhay · 1 establishment unit since 1989
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.
Rue Sur le Thier(Solwaster) 84845 JalhayGround area
2,691 m²
Building footprint
201 m²
Volume, LiDAR
1,372 m³
2 parcels, Wallonia · tallest building 11.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Rue Bourdon 27, 4032 Liège
since 19892.042.990.739
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63068B2275/00A000 | Wallonia | 2,534 m² | 1 · 133 m² | 6.5 m · 2 fl. |
| 62023A0802/00B007 | Wallonia | 156 m² | 1 · 68 m² | 11.3 m · 4 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.
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Of 9,860 companies in sector 73110 we hold annual accounts for 3,753. 3,039 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 (pre-2019)
Founded21-02-1989
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.