MVN Construct
Annual accounts 2025
abbreviated format, filed on 13-07-2026, 18 days before the deadlineTurnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Balance sheet
balance sheet total €1.6m on 31-12-2025in euro
in euro
Position in the sector
3.7%
Higher than 9% of 9,967 companies in 2025.
1.03
Higher than 20% of 9,830 companies in 2025.
-1.7%
Higher than 17% of 9,899 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: top quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
1.6m | 1.6m | 1.7m | 3.5m | 3.3m | |
21/28 |
11,799 | 13,883 | 15,966 | 18,050 | 20,133 | |
22/27 |
11,799 | 13,883 | 15,966 | 18,050 | 20,133 | |
23 |
0 | 13,883 | 15,966 | 18,050 | 20,133 | |
24 |
11,799 | - | - | - | - | |
29/58 |
1.6m | 1.6m | 1.7m | 3.5m | 3.3m | |
3 |
- | 0 | 98,170 | 1.8m | 873,675 | |
30/36 |
- | 0 | 98,170 | 1.8m | 873,675 | |
40/41 |
1.6m | 1.6m | 1.6m | 1.6m | 12,808 | |
40 |
- | 0 | 25,366 | - | - | |
41 |
1.6m | 1.6m | 1.6m | 1.6m | 12,808 | |
54/58 |
576 | 9,136 | 25,466 | 68,301 | 2.4m | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
1.6m | 1.6m | 1.7m | 3.5m | 3.3m | |
10/15 |
59,465 | 86,878 | 96,488 | 86,139 | 89,710 | |
10/11 |
100,000 | 100,000 | 100,000 | 100,000 | 100,000 | |
14 |
-40,535 | -13,122 | -3,512 | -13,861 | -10,290 | |
17/49 |
1.6m | 1.5m | 1.6m | 3.4m | 3.2m | |
42/48 |
1.6m | 1.5m | 1.6m | 3.4m | 3.2m | |
44 |
193 | 1,524 | 429 | 83,917 | 95,859 | |
440/4 |
193 | 1,524 | 429 | 83,917 | 95,859 | |
45 |
645 | 26,243 | 518,307 | - | - | |
450/3 |
645 | 26,243 | 518,307 | - | - | |
47/48 |
1.6m | 1.5m | 1.1m | 3.3m | 3.1m | |
| Income statement | ||||||
9900 |
-3,894 | -3,454 | 6,530 | -76 | -9,161 | |
630 |
2,084 | 2,084 | 2,084 | 2,084 | 703 | |
640/8 |
24,739 | 4,033 | 132 | - | 371 | |
9901 |
-30,717 | -9,570 | 4,314 | -2,159 | -10,234 | |
75/76B |
3,400 | 0 | 7,296 | - | - | |
75 |
3,400 | 0 | 7,296 | - | - | |
65/66B |
96 | 39 | 1,261 | 1,412 | 56 | |
65 |
96 | 39 | 1,261 | 1,412 | 56 | |
9903 |
-27,413 | -9,610 | 10,349 | -3,571 | -10,290 | |
9904 |
-27,413 | -9,610 | 10,349 | -3,571 | -10,290 | |
9905 |
-27,413 | -9,610 | 10,349 | -3,571 | -10,290 | |
| Appropriation of the result | ||||||
9906 |
-40,535 | -13,122 | -3,512 | -13,861 | -10,290 | |
14P |
-13,122 | -3,512 | -13,861 | -10,290 | - | |
| Document | ||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 13-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 13-07-2026 | 2026-00284853 | |
| 31-12-2024 | abbreviated format | 14-08-2025 | 2025-00381824 | |
| 31-12-2023 | abbreviated format | 30-07-2024 | 2024-00322454 | |
| 31-12-2022 | micro format | 27-06-2023 | 2023-00165976 | |
| 31-12-2021 | abbreviated format | 15-06-2022 | 2022-20064111 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| -28,633 | -7,487 | 6,398 | -76 | -9,531 | ||
| -25,330 | -7,526 | 12,433 | -1,488 | -9,587 | ||
| 0 | 0 | 0 | 0 | 20,836 | ||
| -8,560 | -16,331 | -42,834 | -2.3m | - | ||
| 47,666 | 72,996 | 80,522 | 68,089 | 69,577 | ||
| 3.7% | 5.3% | 5.6% | 2.5% | 2.7% | ||
| 1.03 | 1.05 | 1.05 | 1.02 | 1.02 | ||
| 1.03 | 1.05 | 0.99 | 0.49 | 0.75 | ||
| 26.27 | 17.79 | 16.87 | 39.28 | 35.62 | ||
| -46.1% | -11.1% | 10.7% | -4.1% | -11.5% | ||
| -1.7% | -0.6% | 0.6% | -0.1% | -0.3% | ||
| -297.06 | -191.73 | 5.07 | -0.05 | -170.17 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | - | €20,836 |
| €2,084 | €2,084 | €2,084 | €2,084 | €703 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on MVN Construct
The operating result for 2025 is a loss of €30,717, larger than the loss of €9,570 in 2024. It is the lowest result since 2021.
Debt's share of the balance-sheet total rises from 94.7% to 96.3%. Equity is lower and debt is higher.