MVN Construct
ActiveSummary
The computed 12-month bankruptcy probability of MVN Construct is 2.4% (moderate). The 2025 annual accounts show equity of €59k and a net result of €-27k. Equity is shrinking by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 9% of 7838 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
Axes · tick = 2024
Profitability17▼-1
Solvency29▼-1
Growth32▼-26
Track record94
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Liquidity tight (current ratio 1.03 against 1.05 in 2024; short-term debt: 96.3% and cash: 0% of total assets), and 96.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
2122232425
2021 to 2025 · latest year €-27k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 7838 sector peers (2025).
NBB · sector comparisonPosition among 7838 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
18 d early
2024
14 d late
2023
1 d early
2022
34 d early
2021
46 d early
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€59k▼ 31.6%
2024 · €87k
2021: €90k
2022: €86k▼ -4.0% vs 2021
2023: €96k▲ +12.0% vs 2022highest in 5 years
2024: €87k▼ -10.0% vs 2023
2025: €59k▼ -31.6% vs 2024lowest in 5 years
2021 → 2025
Total assets
€1.62M▼ 0.7%
2024 · €1.63M
2021: €3.29M
2022: €3.47M▲ +5.6% vs 2021highest in 5 years
2023: €1.72M▼ -50.3% vs 2022
2024: €1.63M▼ -5.3% vs 2023
2025: €1.62M▼ -0.7% vs 2024lowest in 5 years
2021 → 2025
Net result
€-27k▼ 185%
2024 · €-10k
2021: €-10k
2022: €-4k▲ +65.3% vs 2021
2023: €10k▲ +390% vs 2022highest in 5 years
2024: €-10k▼ -193% vs 2023
2025: €-27k▼ -185% vs 2024lowest in 5 years
2021 → 2025
Working capital
€48k▼ 34.7%
2024 · €73k
2021: €70k
2022: €68k▼ -2.1% vs 2021
2023: €81k▲ +18.3% vs 2022highest in 5 years
2024: €73k▼ -9.3% vs 2023
2025: €48k▼ -34.7% vs 2024lowest in 5 years
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€90k-€86k▼ 4.0%€96k▲ 12.0%€87k▼ 10.0%€59k▼ 31.6%
2021: €90k
2022: €86k▼ -4.0% vs 2021
2023: €96k▲ +12.0% vs 2022highest in 5 years
2024: €87k▼ -10.0% vs 2023
2025: €59k▼ -31.6% vs 2024lowest in 5 years
Operating result€-10k-€-2k▲ 78.9%€4k€-10k€-31k▼ 221%
2021: €-10k
2022: €-2k▲ +78.9% vs 2021
2023: €4k▲ +300% vs 2022highest in 5 years
2024: €-10k▼ -322% vs 2023
2025: €-31k▼ -221% vs 2024lowest in 5 years
Net result€-10k-€-4k▲ 65.3%€10k€-10k€-27k▼ 185%
2021: €-10k
2022: €-4k▲ +65.3% vs 2021
2023: €10k▲ +390% vs 2022highest in 5 years
2024: €-10k▼ -193% vs 2023
2025: €-27k▼ -185% vs 2024lowest in 5 years
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 stays negative: a loss of €31k in 2025 against €10k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.62M
Fixed assets
€12k ▼ 15.0%
Current assets
€1.61M ▼ 0.5%
Equity and liabilities €1.62M
Equity
€59k ▼ 31.6%
Debt
€1.56M ▲ 1.1%
Debt's share of the balance-sheet total rises from 94.7% to 96.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-29k▼
2024 · €-7k
Cash flow
€-25k▼
2024 · €-8k
Current ratio
1.03▼
2024 · 1.05
Debt to equity
26.27▲
2024 · 17.79
ROE
-46.1%▼
2024 · -11.1%
ROA
-1.7%▼
2024 · -0.6%
Interest coverage
-297.06▼
2024 · -191.73
Debt ≤ 1 year
€1.56M▲
2024 · €1.55M
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 · 36 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.63M€1.62M▼
Fixed assets21/28€14k€12k▼
Tangible fixed assets22/27€14k€12k▼
Plant, machinery and equipment23€14k€0▼
Furniture and vehicles24-€12k
Current assets29/58€1.62M€1.61M▼
Stocks and contracts in progress3€0-
Stocks30/36€0-
Amounts receivable within one year40/41€1.61M€1.61M=
Trade receivables40€0-
Other amounts receivable41€1.61M€1.61M=
Cash at bank and in hand54/58€9k€576▼
Equity and liabilities
Total equity and liabilities10/49€1.63M€1.62M▼
Equity10/15€87k€59k▼
Contributions10/11€100k€100k=
Profit (loss) carried forward14€-13k€-41k▼
Amounts payable17/49€1.55M€1.56M▲
Amounts payable within one year42/48€1.55M€1.56M▲
Trade debts44€2k€193▼
Suppliers440/4€2k€193▼
Taxes, remuneration and social security45€26k€645▼
Taxes450/3€26k€645▼
Other amounts payable47/48€1.52M€1.56M▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k=
Other operating charges640/8€4k€25k▲
Gross operating margin9900€-3k€-4k▼
Operating profit (loss)9901€-10k€-31k▼
Financial income75/76B€0€3k▲
Recurring financial income75€0€3k▲
Financial charges65/66B€39€96▲
Recurring financial charges65€39€96▲
Profit (loss) for the period before taxes9903€-10k€-27k▼
Profit (loss) for the period9904€-10k€-27k▼
Profit (loss) for the period to be appropriated9905€-10k€-27k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€-41k▼
Profit (loss) brought forward from the previous period14P€-4k€-13k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €703 | €2k | €2k | €2k | €2k | = |
| Other operating charges640/8 | €371 | - | €132 | €4k | €25k | ▲ 513% |
| Gross operating margin9900 | €-9k | €-76 | €7k | €-3k | €-4k | ▼ 12.7% |
| Operating profit (loss)9901 | €-10k | €-2k | €4k | €-10k | €-31k | ▼ 221% |
| Financial income75/76B | - | - | €7k | €0 | €3k | - |
| Recurring financial income75 | - | - | €7k | €0 | €3k | - |
| Financial charges65/66B | €56 | €1k | €1k | €39 | €96 | ▲ 147% |
| Recurring financial charges65 | €56 | €1k | €1k | €39 | €96 | ▲ 147% |
| Profit (loss) for the period before taxes9903 | €-10k | €-4k | €10k | €-10k | €-27k | ▼ 185% |
| Profit (loss) for the period9904 | €-10k | €-4k | €10k | €-10k | €-27k | ▼ 185% |
| Profit (loss) for the period to be appropriated9905 | €-10k | €-4k | €10k | €-10k | €-27k | ▼ 185% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.29M | €3.47M | €1.72M | €1.63M | €1.62M | ▼ 0.7% |
| Fixed assets21/28 | €20k | €18k | €16k | €14k | €12k | ▼ 15.0% |
| Tangible fixed assets22/27 | €20k | €18k | €16k | €14k | €12k | ▼ 15.0% |
| Plant, machinery and equipment23 | €20k | €18k | €16k | €14k | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | - | €12k | - |
| Current assets29/58 | €3.27M | €3.45M | €1.71M | €1.62M | €1.61M | ▼ 0.5% |
| Stocks and contracts in progress3 | €874k | €1.79M | €98k | €0 | - | - |
| Stocks30/36 | €874k | €1.79M | €98k | €0 | - | - |
| Amounts receivable within one year40/41 | €13k | €1.60M | €1.58M | €1.61M | €1.61M | = |
| Trade receivables40 | - | - | €25k | €0 | - | - |
| Other amounts receivable41 | €13k | €1.60M | €1.56M | €1.61M | €1.61M | = |
| Cash at bank and in hand54/58 | €2.38M | €68k | €25k | €9k | €576 | ▼ 93.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.29M | €3.47M | €1.72M | €1.63M | €1.62M | ▼ 0.7% |
| Equity10/15 | €90k | €86k | €96k | €87k | €59k | ▼ 31.6% |
| Contributions10/11 | €100k | €100k | €100k | €100k | €100k | = |
| Profit (loss) carried forward14 | €-10k | €-14k | €-4k | €-13k | €-41k | ▼ 209% |
| Amounts payable17/49 | €3.20M | €3.38M | €1.63M | €1.55M | €1.56M | ▲ 1.1% |
| Amounts payable within one year42/48 | €3.20M | €3.38M | €1.63M | €1.55M | €1.56M | ▲ 1.1% |
| Trade debts44 | €96k | €84k | €429 | €2k | €193 | ▼ 87.3% |
| Suppliers440/4 | €96k | €84k | €429 | €2k | €193 | ▼ 87.3% |
| Taxes, remuneration and social security45 | - | - | €518k | €26k | €645 | ▼ 97.5% |
| Taxes450/3 | - | - | €518k | €26k | €645 | ▼ 97.5% |
| Other amounts payable47/48 | €3.10M | €3.30M | €1.11M | €1.52M | €1.56M | ▲ 2.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-10k | €-4k | €10k | €-10k | €-27k | ▼ 185% |
| + Depreciation and write-downs630 | €703 | €2k | €2k | €2k | €2k | = |
| Operating cash flow (approximation) | €-10k | €-1k | €12k | €-8k | €-25k | ▼ 237% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €-2.31M | €-43k | €-16k | €-9k | ▲ 47.6% |
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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-27k
Net result drops to €-27k, the lowest in the series.
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 14 days late
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €10k
Net result €10k after 2 loss-making years.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Gent · 1 establishment unit since 2021
Ground area
659 m²
Building footprint
460 m²
Volume, LiDAR
8,328 m³
Parcel 44804D1764/00D000, Flanders · tallest building 22.1 m, ±7 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
MVN Construct
since 20212.312.927.188
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44804D1764/00D000 | Flanders | 659 m² | 1 · 459 m² | 22.1 m · 7 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 15,529 companies in sector 43990 we hold annual accounts for 7,420. 6,175 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
Founded20-01-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.