Result
€54,076 €54,076
Back in profit in 2025, after a loss of €50,778 in 2024.
MVH Security
Lifetime
19 annual accounts with figures on one time axis, 33 filings since 1992peak €1.6m (2025)
€1.6m▲ 22.3%
lowest -€50,778 (2024)
€54,076▲ €104,854
peak €796,185 (2023)
€649,483▲ 9.1%
€1.6m▼ 1.2%
peak 14.6 FTE (2025)
14.6 FTE▲ 2.1%
Board4 names since 2016
4 directors and 3 others
Documentsfilings and deeds
12-06-202648 days before the deadline
2025abbreviated format
Gross margin from €1.3m to €1.6mBack to profit: €54,076Cash from €263,284 to €393,971
Key points
from the 2025 annual accountsTurnover
≈ €4.5m estimated
The abbreviated format states no turnover.
Debts
€1.6m 71% of the balance sheet
Financial debts 49%Suppliers 11%Taxes and wages 17%Other 24%
Of this, €822,204 falls due within a year.
Investments
€50,893 0.2 × depreciation
Green is investment, beige is depreciation.
Filings
33 annual accounts since 1992
The last five annual accounts were filed 32 to 53 days before the end of the period.
Position in the sector
€1.6m
Higher gross margin than 91% of companies in specialised construction. Sector median €356,238 · 9,265 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 4,681 companies had the same profile as MVH Security has now. Each dot stands for 12 companies, two years later.
97.0%
were still trading
1.9%
stopped another way
1.1%
went bankrupt
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,681 companies, not a prediction for MVH Security. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
Director, since 26-06-2020
Director, since 26-06-2020
Director, since 26-06-2020
Manager
Recent changes
Changes of role: , and
Director discharge: (manager) · Director discharge: (manager) · Director discharge: (manager) · General meeting of 26-06-2020 · Gazette deed
Capital increase of €275,400 to €294,000
Capital from €18,600 to €294,000 · Gazette deed
Security firm approval (alarm systems) renewed
Decision of 24-03-2017, published on 20-04-2017
Algemene Vergadering - Boekjaar
General meeting of 28-12-2016 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MVH Security Sint-Niklaas | €2.3m | €1.6m | 28.8% | 14.6 |
| CLINCKX Lokeren | €2.3m | €1.8m | 55.1% | 16.7 |
| FRANQUET Mons | €2.0m | €2.1m | 32.1% | 14.6 |
| CNUDDE Oudenaarde | €2.6m | €1.2m | 26.3% | 11.9 |
| Autrosystems Merelbeke-Melle | €3.4m | €1.9m | 58.1% | 14.8 |
| VERMEULEN Wetteren | €2.5m | €1.9m | 57.5% | 21.3 |
| EFVEO Francoys-Vanoverschelde Ghent | €1.9m | €1.2m | 73.2% | 10.9 |
These companies have the same main activity as MVH Security: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €1.9m and €3.4m, founded between 1989 and 1998.
Official details
Source: KBO- Status
- Active since 03-04-1992Normal situation
- Activity
- General electrical installation workNACE 43211
- Joint committee
- 149.01Electricians: installation and distribution · annual accounts 30-12-2023
- Establishment unit
- 2.057.066.9249100 Sint-Niklaas, since 15-04-1992
- Financial year end
- 30 December
- Peppol
- Reachable
Annual accounts to 30-12-2025
- €2.3m▲ 1.5%
- Employeeson 30-12-2025
- 15=
- Filing
- Filed on 12-06-2026, 48 days before the end of the filing period
Insights on MVH Security
MVH Security files the abbreviated format. That format states no turnover. The gross margin rose from €400,833 in 2006 to €1.6m in 2025.
The balance sheet grew most from 2018 to 2020 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MVH Security
- What is the company number of MVH Security?
- The company number of MVH Security is 0447.061.320. The VAT number is the same number with BE in front: BE 0447.061.320.
- Where is MVH Security based?
- The registered office is at Oostjachtpark 17, 9100 Sint-Niklaas.Company details
- What does MVH Security do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of MVH Security?
- MVH Security is a private limited company (BV).
- When was MVH Security founded?
- MVH Security was founded on 03-04-1992.
- Is MVH Security still active?
- Yes, MVH Security is an active enterprise in the KBO register.
- How many employees does MVH Security have?
- MVH Security had an average of 14.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does MVH Security fall under?
- In its 30-12-2023 annual accounts, MVH Security states joint committee 149.01 (Electricians: installation and distribution).
- What is the turnover of MVH Security?
- The turnover in financial year 2025 is ≈ €4.5m. This figure is estimated from the gross margin of €1.6m and 30 comparable companies (NACE 432). It probably lies between €3.7m and €5.6m.
- Is MVH Security profitable?
- In financial year 2025, MVH Security made a profit of €54,076.
- Where can I find the annual accounts of MVH Security?
- MVH Security filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MVH Security due?
- MVH Security must file the annual accounts for financial year 2026 by 30-07-2027.Timeline
Next steps
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