MVH TECHNICS
ActiveSummary
MVH TECHNICS has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26,413 and a net result of €13,598. Equity is shrinking by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 82% of 1917 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100▲+24
Growth58=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 4.94 against 2.06 in 2024; short-term debt: 20.3% and cash: 62.1% of total assets), and 21.2% of the assets are financed with debt.
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Signals
Five 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 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← 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
78.8%
Return on assets
40.6%
Age of the figures
12 mo
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 · 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 €26,413
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-03-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
30 d early
2023
43 d early
2022
31 d early
2021
33 d early
2020
32 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 33 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 30 March (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€26,413▲ 106%
2024 · €12,815
Total assets
€33,499▲ 34.3%
2024 · €24,940
Net result
€13,598▲ 23.9%
2024 · €10,976
Working capital
€26,714▲ 108%
2024 · €12,815
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€655▲ 51.5%€10,431-€29,210€11,740€13,997▲ 19.2%
Net result-€1,357below the sector's middle half▲ 43.7%€7,341within the sector's middle half-€31,595below the sector's middle half€10,976within the sector's middle half€13,598within the sector's middle half▲ 23.9%
Equity€26,093within the sector's middle half▼ 4.9%€33,434within the sector's middle half▲ 28.1%€1,839below the sector's middle half▼ 94.5%€12,815below the sector's middle half▲ 597%€26,413within the sector's middle half▲ 106%
Total assets€31,294below the sector's middle half▼ 9.1%€81,214below the sector's middle half▲ 160%€49,086below the sector's middle half▼ 39.6%€24,940below the sector's middle half▼ 49.2%€33,499below the sector's middle half▲ 34.3%
Debt€5,202▼ 25.6%€47,780▲ 819%€47,248▼ 1.1%€12,125▼ 74.3%€7,086▼ 41.6%
Working capital€18,456within the sector's middle half▼ 27.1%€15,898within the sector's middle half▼ 13.9%-€18,071below the sector's middle half€12,815within the sector's middle half€26,714within the sector's middle half▲ 108%
Solvency83.4%above the sector's middle half▲ 3.7pp41.2%within the sector's middle half▼ 42.2pp3.7%below the sector's middle half▼ 37.4pp51.4%within the sector's middle half▲ 47.6pp78.8%above the sector's middle half▲ 27.5pp
Current ratio4.55above the sector's middle half▼ 0.071.68within the sector's middle half▼ 2.870.49below the sector's middle half▼ 1.192.06within the sector's middle half▲ 1.574.94above the sector's middle half▲ 2.88
Return on assets (ROA)-4.3%below the sector's middle half▲ 2.7pp9.0%within the sector's middle half▲ 13.4pp-64.4%below the sector's middle half▼ 73.4pp44.0%above the sector's middle half▲ 108.4pp40.6%above the sector's middle half▼ 3.4pp
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro 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 19% 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 €33,499
Equity
€26,413 ▲ 106%
Debt
€7,086 ▼ 41.6%
Debt's share of the balance-sheet total falls from 48.6% to 21.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€13,997▲
2024 · €11,902
Cash flow
€13,598▲
2024 · €11,138
Debt to equity
0.27▼
2024 · 0.95
ROE
51.5%▼
2024 · 85.7%
Interest coverage
42.84▲
2024 · 30.47
Debt ≤ 1 year
€6,785▼
2024 · €12,125
Income taxes
€395▲
2024 · €374
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,679 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €4,917 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,603 | €5,225 | €10,150 | €162 | €0 | ▼ 100% |
| Other operating charges640/8 | - | €1,018 | €1,467 | €1,526 | €1,014 | ▼ 33.6% |
| Non-recurring operating charges66A | - | - | - | €1,441 | €0 | ▼ 100% |
| Gross operating margin9900 | €4,490 | €16,674 | -€17,594 | €14,868 | €15,010 | ▲ 1.0% |
| Operating profit (loss)9901 | -€655 | €10,431 | -€29,210 | €11,740 | €13,997 | ▲ 19.2% |
| Financial income75/76B | - | €0 | - | - | €322 | - |
| Recurring financial income75 | €468 | €0 | - | - | €322 | - |
| Financial charges65/66B | - | €240 | €1,438 | €391 | €327 | ▼ 16.4% |
| Recurring financial charges65 | €226 | €240 | €1,438 | €391 | €327 | ▼ 16.4% |
| Profit (loss) for the period before taxes9903 | -€413 | €10,191 | -€30,648 | €11,350 | €13,992 | ▲ 23.3% |
| Income taxes67/77 | €945 | €2,850 | €947 | €374 | €395 | ▲ 5.7% |
| Profit (loss) for the period9904 | -€1,357 | €7,341 | -€31,595 | €10,976 | €13,598 | ▲ 23.9% |
| Profit (loss) for the period to be appropriated9905 | -€1,357 | €7,341 | -€31,595 | €10,976 | €13,598 | ▲ 23.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €31,294 | €81,214 | €49,086 | €24,940 | €33,499 | ▲ 34.3% |
| Fixed assets21/28 | €7,636 | €41,910 | €31,761 | €0 | - | - |
| Tangible fixed assets22/27 | €7,636 | €41,910 | €31,761 | €0 | - | - |
| Furniture and vehicles24 | - | €2,411 | €162 | €0 | - | - |
| Leasing and similar rights25 | - | €39,499 | €31,599 | €0 | - | - |
| Current assets29/58 | €23,658 | €39,304 | €17,326 | €24,940 | €33,499 | ▲ 34.3% |
| Amounts receivable within one year40/41 | €16,817 | €15,732 | €14,911 | €19,419 | €12,316 | ▼ 36.6% |
| Trade receivables40 | - | €13,313 | €6,860 | €12,797 | €6,927 | ▼ 45.9% |
| Other amounts receivable41 | - | €2,419 | €8,052 | €6,622 | €5,389 | ▼ 18.6% |
| Cash at bank and in hand54/58 | €5,252 | €22,260 | €1,267 | €4,708 | €20,791 | ▲ 342% |
| Deferred charges and accrued income490/1 | - | €1,312 | €1,147 | €813 | €392 | ▼ 51.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €31,294 | €81,214 | €49,086 | €24,940 | €33,499 | ▲ 34.3% |
| Equity10/15 | €26,093 | €33,434 | €1,839 | €12,815 | €26,413 | ▲ 106% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €11,884 | €13,434 | €13,434 | €13,434 | €13,434 | = |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | €0 | - | - |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | €0 | - | - |
| Distributable reserves133 | - | €11,434 | €11,434 | €13,434 | €13,434 | = |
| Profit (loss) carried forward14 | -€5,792 | €0 | -€31,595 | -€20,619 | -€7,021 | ▲ 65.9% |
| Amounts payable17/49 | €5,202 | €47,780 | €47,248 | €12,125 | €7,086 | ▼ 41.6% |
| Amounts payable after more than one year17 | - | €24,374 | €11,851 | €0 | - | - |
| Financial debts170/4 | - | €24,374 | €11,851 | €0 | - | - |
| Amounts payable within one year42/48 | €5,202 | €23,406 | €35,397 | €12,125 | €6,785 | ▼ 44.0% |
| Current portion of amounts payable after more than one year42 | - | €15,125 | €11,573 | €0 | - | - |
| Trade debts44 | €1,758 | €3,378 | €6,554 | €8,161 | €251 | ▼ 96.9% |
| Suppliers440/4 | - | €3,378 | €6,554 | €8,161 | €251 | ▼ 96.9% |
| Taxes, remuneration and social security45 | - | €4,903 | €1,270 | €3,964 | €5,759 | ▲ 45.3% |
| Taxes450/3 | - | €4,903 | €1,270 | €3,964 | €3,759 | ▼ 5.2% |
| Remuneration and social security454/9 | - | - | - | - | €2,000 | - |
| Other amounts payable47/48 | - | - | €16,000 | €0 | €775 | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €301 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,357 | €7,341 | -€31,595 | €10,976 | €13,598 | ▲ 23.9% |
| + Depreciation and write-downs630 | €3,603 | €5,225 | €10,150 | €162 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €2,246 | €12,566 | -€21,445 | €11,138 | €13,598 | ▲ 22.1% |
| Investment in fixed assets (approximation) | - | -€39,499 | €0 | €31,599 | - | - |
| Change in cash | - | €17,008 | -€20,993 | €3,441 | €16,083 | ▲ 367% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €13,598 ▲23.9%
Operating result €13,997, net result €13,598, both a record.
30-09
Financial
Liquidity doublescurrent ratio 4.94
Current ratio from 2.06 to 4.94; short-term debt falls from €12,125 to €6,785.
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Back to profitnet €10,976
Net result €10,976 after one loss-making year.
30-09
Financial
Liquidity quadruplescurrent ratio 2.06
Current ratio from 0.49 to 2.06; short-term debt falls from €35,397 to €12,125.
18-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet -€31,595
Net result drops to -€31,595, the lowest in the series; recovery starts the following year.
30-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €7,341
Net result €7,341 after 2 loss-making years.
28-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2020
30-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Stekene · 1 establishment unit since 2014
Ground area
2,717 m²
Building footprint
761 m²
Volume, LiDAR
3,185 m³
Parcel 46024A1415/00L000, Flanders · tallest building 6.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MVH Technics
since 20142.226.418.531
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46024A1415/00L000 | Flanders | 2,717 m² | 1 · 761 m² | 6.3 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,983 companies in sector 25110 we hold annual accounts for 2,145. 1,160 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-01-2014
Fiscal year end30-09
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
E-invoicing
Reachable via Peppol
Peppol ID
0208:0544525831
Registered
20-11-2020
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.