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MVL Electrics

Active
Private limited companyfounded 2024active for 1 yearGrootveld 76, 1745 Opwijk, BelgiumKBO/BCE: BE 1017.033.815
Summary

The computed 12-month bankruptcy probability of MVL Electrics is 1.9% (moderate). The 2025 annual accounts show equity of €18,679 and a net result of €8,679. Its solvency ranks better than 28% of 34,072 sector peers (NACE 43, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, micro format

Equity
€18,679
Total assets
€69,440
Net result
€8,679
Working capital
€15,143

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €69,440
Fixed assets €3,536
Current assets €65,904
Equity and liabilities €69,440
Equity €18,679
Debt €50,761
Debt finances 73.1% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€15,592
Cash flow
€9,794
Current ratio
1.30
Quick ratio
0.81
Debt to equity
2.72
ROE
46.5%
ROA
12.5%
Interest coverage
5.51
Debt ≤ 1 year
€50,761
Income taxes
€2,973
Staff costs
€1,366

Peer companies

Historical observation

Of the 2,390 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 96.7% are still going.

  • Micro
  • under 2 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.2% went bankrupt
2.0% stopped otherwise
96.7% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,470 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 2,390 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
Filed annual accounts As filed with the NBB · 2025 · 39 lines
Balance sheet Code2025
Assets
Total assets20/58€69,440
Fixed assets21/28€3,536
Tangible fixed assets22/27€3,536
Furniture and vehicles24€3,536
Current assets29/58€65,904
Stocks and contracts in progress3€24,550
Stocks30/36€24,550
Amounts receivable within one year40/41€32,874
Trade receivables40€29,134
Other amounts receivable41€3,740
Cash at bank and in hand54/58€8,180
Deferred charges and accrued income490/1€300
Equity and liabilities
Total equity and liabilities10/49€69,440
Equity10/15€18,679
Contributions10/11€10,000
Profit (loss) carried forward14€8,679
Amounts payable17/49€50,761
Amounts payable within one year42/48€50,761
Trade debts44€41,925
Suppliers440/4€41,925
Advances received on contracts in progress46€4,709
Taxes, remuneration and social security45€3,404
Taxes450/3€2,843
Remuneration and social security454/9€561
Other amounts payable47/48€723
Income statement Code2025
Remuneration, social security and pensions62€1,366
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,115
Other operating charges640/8€3,082
Gross operating margin9900€20,040
Operating profit (loss)9901€14,477
Financial income75/76B€6
Recurring financial income75€6
Financial charges65/66B€2,831
Recurring financial charges65€2,831
Profit (loss) for the period before taxes9903€11,652
Income taxes67/77€2,973
Profit (loss) for the period9904€8,679
Profit (loss) for the period to be appropriated9905€8,679
Appropriation of the result
Profit (loss) to be appropriated9906€8,679

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€1,366
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,115
Other operating charges640/8€3,082
Gross operating margin9900€20,040
Operating profit (loss)9901€14,477
Financial income75/76B€6
Recurring financial income75€6
Financial charges65/66B€2,831
Recurring financial charges65€2,831
Profit (loss) for the period before taxes9903€11,652
Income taxes67/77€2,973
Profit (loss) for the period9904€8,679
Profit (loss) for the period to be appropriated9905€8,679
Line2025
Assets
Total assets20/58€69,440
Fixed assets21/28€3,536
Tangible fixed assets22/27€3,536
Furniture and vehicles24€3,536
Current assets29/58€65,904
Stocks and contracts in progress3€24,550
Stocks30/36€24,550
Amounts receivable within one year40/41€32,874
Trade receivables40€29,134
Other amounts receivable41€3,740
Cash at bank and in hand54/58€8,180
Deferred charges and accrued income490/1€300
Equity and liabilities
Total equity and liabilities10/49€69,440
Equity10/15€18,679
Contributions10/11€10,000
Profit (loss) carried forward14€8,679
Amounts payable17/49€50,761
Amounts payable within one year42/48€50,761
Trade debts44€41,925
Suppliers440/4€41,925
Advances received on contracts in progress46€4,709
Taxes, remuneration and social security45€3,404
Taxes450/3€2,843
Remuneration and social security454/9€561
Other amounts payable47/48€723
Line2025
Profit (loss) for the period9904€8,679
+ Depreciation and write-downs630€1,115
Operating cash flow (approximation)€9,794

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 03-07-2026 2026-00249844

Similar companies · same sector, comparable size

Of the 22,592 active companies whose main activity is general electrical installation work (NACE 43211), figures are known for 10,443. 7,170 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.