Summary
MVN Management is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €29,076 and a net result of €69,684. Equity is growing by ~62.7% per year across the filed fiscal years. Its solvency ranks better than 8% of 5565 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 5565 sector peers (2025).
NBB · sector comparisonPosition among 5565 sector peers
Solvency
better than 8%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 26-01-2026, 5 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
5 d early
2024
on the day
2023
35 d early
2022
27 d early
2021
27 d early
2020
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 16 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€29,076▼ 92.9%
2024 · €409,392
Net result
€69,684▼ 32.7%
2024 · €103,468
Total assets
€884,555▼ 3.9%
2024 · €920,741
Solvency
3.3%▼ 41.2pp
2024 · 44.5%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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€84,130▲ 249%€101,405▲ 20.5%€177,145▲ 74.7%€141,168▼ 20.3%€100,640▼ 28.7%
Net result€63,111within the sector's middle half▲ 272%€81,017within the sector's middle half▲ 28.4%€129,841above the sector's middle half▲ 60.3%€103,468within the sector's middle half▼ 20.3%€69,684within the sector's middle half▼ 32.7%
Equity€95,066below the sector's middle half▲ 197%€176,083within the sector's middle half▲ 85.2%€305,924within the sector's middle half▲ 73.7%€409,392within the sector's middle half▲ 33.8%€29,076below the sector's middle half▼ 92.9%
Total assets€1.3mwithin the sector's middle half▲ 2,332%€1.7mwithin the sector's middle half▲ 23.4%€986,390above the sector's middle half▼ 40.5%€920,741within the sector's middle half▼ 6.7%€884,555within the sector's middle half▼ 3.9%
Debt€1.2m▲ 5,265%€1.5m▲ 18.7%€680,466▼ 54.1%€511,349▼ 24.9%€855,479▲ 67.3%
Working capital€91,901▲ 196%€173,621▲ 88.9%€297,710▲ 71.5%-€57,273-€436,214▼ 662%
Solvency7.1%below the sector's middle half▼ 50.8pp10.6%below the sector's middle half▲ 3.5pp31.0%within the sector's middle half▲ 20.4pp44.5%within the sector's middle half▲ 13.4pp3.3%below the sector's middle half▼ 41.2pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
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 has fallen two years in a row; 2025 is 29% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €884,555
Fixed assets
€465,290 ▼ 0.3%
Current assets
€419,265 ▼ 7.7%
Equity and liabilities €884,555
Equity
€29,076 ▼ 92.9%
Debt
€855,479 ▲ 67.3%
Debt's share of the balance-sheet total rises from 55.5% to 96.7%. Equity is lower and debt is higher.
Key figures and ratios
ROE
239.7%▲
2024 · 25.3%
ROA
7.9%▼
2024 · 11.2%
Debt ≤ 1 year
€855,479▲
2024 · €511,349
Income taxes
€30,913▼
2024 · €37,665
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €2,140 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,277 | €704 | €954 | €1,375 | €1,375 | = |
| Other operating charges640/8 | - | €819 | €308 | €272 | €269 | ▼ 1.4% |
| Gross operating margin9900 | €87,973 | €105,068 | €178,408 | €142,815 | €102,283 | ▼ 28.4% |
| Operating profit (loss)9901 | €84,130 | €101,405 | €177,145 | €141,168 | €100,640 | ▼ 28.7% |
| Financial charges65/66B | - | €49 | €39 | €35 | €44 | ▲ 24.7% |
| Recurring financial charges65 | €23 | €49 | €39 | €35 | €44 | ▲ 24.7% |
| Profit (loss) for the period before taxes9903 | €84,107 | €101,356 | €177,106 | €141,133 | €100,597 | ▼ 28.7% |
| Income taxes67/77 | €20,997 | €20,339 | €47,265 | €37,665 | €30,913 | ▼ 17.9% |
| Profit (loss) for the period9904 | €63,111 | €81,017 | €129,841 | €103,468 | €69,684 | ▼ 32.7% |
| Profit (loss) for the period to be appropriated9905 | €63,111 | €81,017 | €129,841 | €103,468 | €69,684 | ▼ 32.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.7m | €986,390 | €920,741 | €884,555 | ▼ 3.9% |
| Fixed assets21/28 | €3,166 | €2,462 | €8,214 | €466,665 | €465,290 | ▼ 0.3% |
| Tangible fixed assets22/27 | €3,166 | €2,462 | €8,214 | €466,665 | €465,290 | ▼ 0.3% |
| Land and buildings22 | - | - | - | €459,826 | €459,826 | = |
| Plant, machinery and equipment23 | - | - | €6,456 | €5,786 | €5,115 | ▼ 11.6% |
| Furniture and vehicles24 | - | €2,462 | €1,757 | €1,053 | €349 | ▼ 66.8% |
| Current assets29/58 | €1.3m | €1.7m | €978,176 | €454,076 | €419,265 | ▼ 7.7% |
| Stocks and contracts in progress3 | €1.2m | €1.5m | €822,953 | €363,127 | €363,127 | = |
| Stocks30/36 | - | €1.5m | €822,953 | €363,127 | €363,127 | = |
| Amounts receivable within one year40/41 | €40,821 | €35,291 | €42,646 | €63,102 | €23,742 | ▼ 62.4% |
| Trade receivables40 | - | €18,150 | €18,150 | €18,150 | €18,150 | = |
| Other amounts receivable41 | - | €17,141 | €24,496 | €44,952 | €5,592 | ▼ 87.6% |
| Cash at bank and in hand54/58 | €107,149 | €99,989 | €112,577 | €27,848 | €32,396 | ▲ 16.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.7m | €986,390 | €920,741 | €884,555 | ▼ 3.9% |
| Equity10/15 | €95,066 | €176,083 | €305,924 | €409,392 | €29,076 | ▼ 92.9% |
| Contributions10/11 | - | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Profit (loss) carried forward14 | €80,066 | €161,083 | €290,924 | €394,392 | €14,076 | ▼ 96.4% |
| Amounts payable17/49 | €1.2m | €1.5m | €680,466 | €511,349 | €855,479 | ▲ 67.3% |
| Amounts payable within one year42/48 | €1.2m | €1.5m | €680,466 | €511,349 | €855,479 | ▲ 67.3% |
| Trade debts44 | €55 | €1,543 | - | - | - | - |
| Suppliers440/4 | - | €1,543 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €34,266 | €61,265 | €47,085 | €10,379 | ▼ 78.0% |
| Taxes450/3 | - | €29,767 | €56,766 | €47,085 | €10,379 | ▼ 78.0% |
| Remuneration and social security454/9 | - | €4,499 | €4,499 | €0 | - | - |
| Other amounts payable47/48 | - | €1.4m | €619,201 | €464,264 | €845,100 | ▲ 82.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €63,111 | €81,017 | €129,841 | €103,468 | €69,684 | ▼ 32.7% |
| + Depreciation and write-downs630 | €1,277 | €704 | €954 | €1,375 | €1,375 | = |
| Operating cash flow (approximation) | €64,387 | €81,721 | €130,795 | €104,843 | €71,059 | ▼ 32.2% |
| Investment in fixed assets (approximation) | - | €0 | -€6,707 | -€459,826 | €0 | ▲ 100% |
| Change in cash | - | -€7,161 | €12,588 | -€84,729 | €4,548 | ▲ 105% |
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
26-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
27-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Highest result since 2020net €129,841 ▲60.3%
Operating result €177,145, net result €129,841, both a record.
30-06
Financial
Equity above €200,000Eq €305,924 ▲73.7%
4 profitable years in a row build equity to €305,924.
04-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Equity above €150,000Eq €176,083 ▲85.2%
3 profitable years in a row build equity to €176,083.
04-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Gent · 1 establishment unit since 2020
Ground area
1,012 m²
Building footprint
645 m²
Volume, LiDAR
12,120 m³
2 parcels, Flanders · tallest building 23.8 m, ±7 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
MVN Management
since 20202.305.948.534
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44804D1764/00D000 | Flanders | 659 m² | 1 · 459 m² | 22.1 m · 7 fl. |
| 44805E1311/00K000 | Flanders | 353 m² | 1 · 186 m² | 23.8 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerChain of control
- JAFEMA
- MVN Management
Highest known parent: JAFEMA. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
The accounts to 30-06-2025 list no holdings, and no other source names one.
According to the annual accounts to 30-06-2025 of MVN Management and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 8,702 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
Founded05-03-2020
Fiscal year end30-06
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0744764713
Also
9925:BE0744764713
Registered
19-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.