MVG Technics
ActiveSummary
The computed 12-month bankruptcy probability of MVG Technics is 2.1% (moderate). The 2025 annual accounts show equity of €59k and a net result of €50k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 27786 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
53
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▼-23
Solvency33▼-61
Growth78=
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity short (current ratio 0.78 against 3.16 in 2024; short-term debt: 35.5% and cash: 10.1% of total assets), and 92.4% 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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
7.6%
Return on assets
6.4%
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 27786 sector peers (2025).
NBB · sector comparisonPosition among 27786 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 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 · 5 filingsDeviation from the deadline
2025
29 d late
2024
29 d late
2023
10 d early
2022
31 d late
2021
31 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, micro schema
Equity
€59k▼ 71.8%
2024 · €209k
2021: €-2k
2022: €32k
2023: €144k
2024: €209k
2021 → 2025
Total assets
€777k▲ 157%
2024 · €303k
2021: €18k
2022: €110k
2023: €236k
2024: €303k
2021 → 2025
Net result
€50k▼ 63.1%
2024 · €135k
2021: €-4k
2022: €34k
2023: €112k
2024: €135k
2021 → 2025
Working capital
€-60k
2024 · €201k
2021: €-8k
2022: €27k
2023: €135k
2024: €201k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-2k-€32k€144k▲ 349%€209k▲ 45.1%€59k▼ 71.8%
Operating result€-4k-€45k€144k▲ 223%€175k▲ 21.5%€71k▼ 59.3%
Net result€-4k-€34k€112k▲ 229%€135k▲ 20.5%€50k▼ 63.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 59% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €777k
Fixed assets
€561k ▲ 6,476%
Current assets
€216k ▼ 26.5%
Equity and liabilities €777k
Equity
€59k ▼ 71.8%
Debt
€718k ▲ 669%
Debt's share of the balance-sheet total rises from 30.9% to 92.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€85k▼
2024 · €176k
Cash flow
€64k▼
2024 · €136k
Current ratio
0.78▼
2024 · 3.16
Quick ratio
0.52▼
2024 · 1.82
Debt to equity
12.18▲
2024 · 0.45
ROE
84.5%▲
2024 · 64.5%
ROA
6.4%▼
2024 · 44.6%
Interest coverage
13.91▼
2024 · 1437.76
Debt ≤ 1 year
€276k▲
2024 · €93k
Debt > 1 year
€422k
Income taxes
€16k▼
2024 · €40k
Staff costs
€58k
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 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€303k€777k▲
Fixed assets21/28€9k€561k▲
Tangible fixed assets22/27€3k€561k▲
Land and buildings22-€536k
Plant, machinery and equipment23€853€2k▲
Furniture and vehicles24€2k€23k▲
Financial fixed assets28€6k-
Current assets29/58€294k€216k▼
Stocks and contracts in progress3€125k€73k▼
Stocks30/36€125k€73k▼
Amounts receivable within one year40/41€52k€57k▲
Trade receivables40€50k€32k▼
Other amounts receivable41€2k€25k▲
Cash at bank and in hand54/58€114k€79k▼
Deferred charges and accrued income490/1€3k€7k▲
Equity and liabilities
Total equity and liabilities10/49€303k€777k▲
Equity10/15€209k€59k▼
Contributions10/11€2k€2k=
Reserves13€207k€57k▼
Distributable reserves133€207k€57k▼
Amounts payable17/49€93k€718k▲
Amounts payable after more than one year17-€422k
Financial debts170/4-€422k
Amounts payable within one year42/48€93k€276k▲
Current portion of amounts payable after more than one year42-€26k
Trade debts44€0€27k▲
Suppliers440/4€0€27k▲
Advances received on contracts in progress46€12k-
Taxes, remuneration and social security45€22k€43k▲
Taxes450/3€22k€43k▲
Remuneration and social security454/9-€319
Other amounts payable47/48€59k€180k▲
Accrued charges and deferred income492/3€478€20k▲
Income statement
Code20242025
Remuneration, social security and pensions62-€58k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€14k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€178k€145k▼
Operating profit (loss)9901€175k€71k▼
Financial income75/76B€8€753▲
Recurring financial income75€8€753▲
Financial charges65/66B€123€6k▲
Recurring financial charges65€123€6k▲
Profit (loss) for the period before taxes9903€175k€66k▼
Income taxes67/77€40k€16k▼
Profit (loss) for the period9904€135k€50k▼
Profit (loss) for the period to be appropriated9905€135k€50k▼
Appropriation of the result
Profit (loss) to be appropriated9906€135k€50k▼
Transfer from equity791/2€70k€200k▲
Transfer to equity691/2€135k€50k▼
To other reserves6921€135k€50k▼
Profit to be distributed694/7€70k€200k▲
Return on contributions (dividend)694€70k€200k▲
The notes to these accounts (8 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
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Highest result since 2021net €135k ▲20.5%
Operating result €175k, net result €135k, both a record.
31-12
Financial
Equity above €200kEq €209k ▲45.1%
3 profitable years in a row build equity to €209k.
21-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100kEq €144k ▲349%
2 profitable years in a row build equity to €144k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €34k
Net result €34k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.36
Current ratio from 0.61 to 1.36.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2021
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.
Gentseweg(BEV) 3099120 Beveren-Kruibeke-ZwijndrechtGround area
1,338 m²
Building footprint
149 m²
Volume, LiDAR
828 m³
2 parcels, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MVG Technics
since 20212.322.352.917
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46503C0897/00C000 | Flanders | 802 m² | 1 · 149 m² | 9.8 m · 2 fl. |
| 46503C0757/00L004 | Flanders | 536 m² | - | - |
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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 1,207 EUR awarded · 1,207 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 368 EUR | 368 EUR |
| 2023 | 1 | 839 EUR | 839 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
5 live approvalsElektrische installaties duaal (so)
Elektrotechnisch installateur (vwo)
Koel- en warmtetechnieken duaal (so)
Monteur sanitaire en verwarmingsinstallaties duaal (so)
Technicus koelinstallaties duaal (so)
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Of 9,530 companies in sector 43222 we hold annual accounts for 5,662. 4,673 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
Founded30-07-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
33110Repair and maintenance of fabricated metal products
33120Repair and maintenance of machinery
43120Site preparation
43211General electrical installation work
43990Other specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.