MVO PROJECTS

Active

Private limited companyfounded 20197 yrs activeKrijgsbaan 160, 9140 Temse, BelgiumKBO/BCE: BE 0721.786.106

The computed 12-month bankruptcy probability of MVO PROJECTS is 1.6% (moderate). The 2025 annual accounts show equity of €96k and a net result of €27k. Equity is growing by ~20.4% per year across the filed fiscal years. Its solvency ranks better than 24% of 7391 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

51 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability65▼-5

Solvency43▲+4

Growth78▲+26

Track record100

Bankruptcy probability, 12 months

1.6% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €4.5k at 30 days acceptable

Liquidity tight (current ratio 1.24 against 0.96 in 2024; short-term debt: 63.9% and cash: 12.7% of total assets), and 82.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 41

Relative position

BE, all sectors

reference

Sector 41

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

17.6%

Return on assets

Age of the figures

9 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 7391 sector peers (2025).

NBB · sector comparison

Position among 7391 sector peers

Solvency

better than 24%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 4 filings

Deviation from the deadline

2025

31 d late

2024

11 d late

2023

2 d early

2022

35 d early

← before the deadline after the deadline →

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 months

Position in the running window

19-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€96k▲ 22.2%

2024 · €79k

2022: €49k 2023: €72k 2024: €79k

2022 → 2025

Total assets

€547k=

2024 · €547k

2022: €327k 2023: €377k 2024: €547k

2022 → 2025

Net result

€27k▲ 287%

2024 · €7k

2022: €11k 2023: €23k 2024: €7k

2022 → 2025

Working capital

€83k

2024 · €-15k

2022: €45k 2023: €56k 2024: €-15k

2022 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2022202320242025Trend

Equity€49k-€72k▲ 46.4%€79k▲ 9.9%€96k▲ 22.2%

Operating result€35k-€39k▲ 10.9%€15k▼ 60.3%€49k▲ 221%

Net result€11k-€23k▲ 103%€7k▼ 68.8%€27k▲ 287%

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

Result per fiscal year

Operating resultNet result

The operating result recovers in 2025; 2025 is 221% above 2024 and is the highest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €547k

21.0%

79.0%

Fixed assets €115k▼ 29.6%

Current assets €432k▲ 12.5%

Equity and liabilities €547k

17.6%

82.4%

Equity €96k▲ 22.2%

Debt €451k▼ 3.7%

The debt ratio falls from 85.6% to 82.4%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€73k▲

2024 · €35k

Cash flow

€51k▲

2024 · €27k

Solvency

17.6%▲

2024 · 14.4%

Current ratio

1.24▲

2024 · 0.96

Quick ratio

0.89▲

2024 · 0.66

Debt / equity

4.68▼

2024 · 5.94

ROE

28.5%▲

2024 · 9.0%

ROA

5.0%▲

2024 · 1.3%

Interest coverage

4.80▼

2024 · 9.39

Debt

€451k▼

2024 · €468k

Debt ≤ 1 year

€350k▼

2024 · €399k

Debt > 1 year

€101k▲

2024 · €69k

Income taxes

€7k▲

2024 · €5k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€547k€547k=

Fixed assets21/28€163k€115k▼

Tangible fixed assets22/27€162k€114k▼

Furniture and vehicles24€142k€108k▼

Other tangible fixed assets26€20k€6k▼

Financial fixed assets28€600€600=

Current assets29/58€384k€432k▲

Stocks and contracts in progress3€120k€120k▼

Stocks30/36€120k€120k▼

Amounts receivable within one year40/41€62k€243k▲

Trade receivables40€54k€214k▲

Other amounts receivable41€8k€29k▲

Cash at bank and in hand54/58€202k€70k▼

Equity and liabilities

Total equity and liabilities10/49€547k€547k=

Equity10/15€79k€96k▲

Contributions10/11€1k€1k=

Reserves13€41k€58k▲

Distributable reserves133€41k€58k▲

Profit (loss) carried forward14€37k€37k=

Amounts payable17/49€468k€451k▼

Amounts payable after more than one year17€69k€101k▲

Financial debts170/4€69k€101k▲

Amounts payable within one year42/48€399k€350k▼

Current portion of amounts payable after more than one year42€18k€32k▲

Financial debts43€73k€73k▼

Credit institutions430/8€73k€73k▼

Trade debts44€151k€23k▼

Suppliers440/4€151k€23k▼

Advances received on contracts in progress46€100k€130k▲

Taxes, remuneration and social security45€34k€14k▼

Taxes450/3€34k€14k▼

Other amounts payable47/48€23k€78k▲

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€24k▲

Other operating charges640/8€18k€4k▼

Non-recurring operating charges66A-€39k

Gross operating margin9900€53k€115k▲

Operating profit (loss)9901€15k€49k▲

Financial income75/76B€278€369▲

Recurring financial income75€278€369▲

Financial charges65/66B€4k€15k▲

Recurring financial charges65€4k€15k▲

Profit (loss) for the period before taxes9903€12k€34k▲

Income taxes67/77€5k€7k▲

Profit (loss) for the period9904€7k€27k▲

Profit (loss) for the period to be appropriated9905€7k€27k▲

Appropriation of the result

Profit (loss) to be appropriated9906€44k€64k▲

Profit (loss) brought forward from the previous period14P€37k€37k=

Transfer to equity691/2€7k€17k▲

To other reserves6921€7k€17k▲

Profit to be distributed694/7-€10k

Directors or managers695-€10k

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 2Filings 4

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 31 days late

2025

31-12

Financial Highest result since 2022net €27k ▲287%

Operating result €49k, net result €27k, both a record.

11-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 11 days late

2024

31-12

Financial Weakest financial yearnet €7k ▼68.8%

Net result drops to €7k, the lowest in the series; recovery starts the following year.

29-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

26-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2022

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

14-04-2022 Resigned as Manager

Location & real-estate footprint

Registered office, Temse · 1 establishment unit since 2019

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Krijgsbaan 1609140 Temse

Ground area

258 m²

Building footprint

224 m²

Parcel 46302D1070/00P006, Flanders. Linked by address, not a title deed.