Equity
€96,282 ▲ 22.2%
MVO PROJECTS has made a profit in every financial year since 2022.
MVO PROJECTS
Lifetime
4 annual accounts with figures on one time axisGross marginpeak €114,914 (2025)
€114,914▲ 119%
Resultpeak €27,467 (2025)
€27,467▲ 287%
Equitypeak €96,282 (2025)
€96,282▲ 22.2%
Debts
€450,765▼ 3.7%
Board1 name since 2022
1 directorMatthias Osei-Vertez
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from €52,542 to €114,914Result from €7,098 to €27,467Registered office moved within Temse 17-11Equity from €78,815 to €96,282Cash from €201,953 to €69,520
Key points
from the 2025 annual accountsTurnover
≈ €380,000 estimated
The micro format states no turnover.
Debts
€450,765 82% of the balance sheet
Financial debts 39%Suppliers 5%Taxes and wages 3%Other 53%
Of this, €349,766 falls due within a year.
Investments
€89,626 3.8 × depreciation
Green is investment, beige is depreciation.
Filings
4 annual accounts 2 late
The 2025 accounts came latest: 31 days after the end of the period.
Position in the sector
€547,047
Larger balance sheet than 88% of companies in construction of buildings. Sector median €126,835 · 9,431 companies.
Checked score
53
Fair
Financially stronger than 38% of micro companies in construction of buildings (NACE 41)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.1% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,462 companies (NACE 41, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.0%
01-2025: 1.0%● unchanged vs 12-2024
02-2025: 1.1%▲ +0.1 percentage points vs 01-2025
03-2025: 1.1%● unchanged vs 02-2025
04-2025: 1.2%▲ +0.1 percentage points vs 03-2025
05-2025: 1.2%● unchanged vs 04-2025
06-2025: 1.0%▼ -0.2 percentage points vs 05-2025
07-2025: 1.1%▲ +0.1 percentage points vs 06-2025
08-2025: 1.6%▲ +0.5 percentage points vs 07-2025
09-2025: 0.6%▼ -1.0 percentage point vs 08-2025lowest value
10-2025: 0.6%● unchanged vs 09-2025lowest value
11-2025: 0.6%● unchanged vs 10-2025lowest value
12-2025: 1.1%▲ +0.5 percentage points vs 11-2025
01-2026: 1.1%● unchanged vs 12-2025
02-2026: 1.2%▲ +0.1 percentage points vs 01-2026
03-2026: 1.2%● unchanged vs 02-2026
04-2026: 1.3%▲ +0.1 percentage points vs 03-2026
05-2026: 1.7%▲ +0.4 percentage points vs 04-2026
06-2026: 1.8%▲ +0.1 percentage points vs 05-2026
07-2026: 2.1%▲ +0.3 percentage points vs 06-2026
08-2026: 3.0%▲ +0.9 percentage points vs 07-2026highest value
09-2026: 2.3%▼ -0.7 percentage points vs 08-2026
10-2026: 2.1%▼ -0.2 percentage points vs 09-2026
11-2026: 2.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Sector: Construction of residential and non-residential buildings (NACE 41)
Last filed accounts filed 31 days late; 1 of the last 3 accounts late
1 change of registered office in 24 months
Founded in 2019
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 24% of them on solvency, 27% on liquidity, 36% on profitability and 66% on growth.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,684 companies had the same profile as MVO PROJECTS has now. Each dot stands for 7 companies, two years later.
97.3%
were still trading
1.2%
stopped another way
1.3%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MVO PROJECTS itself is higher: 2.1% within 12 months. It rests on far more data about MVO PROJECTS than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,684 companies, not a prediction for MVO PROJECTS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.24 (0.96 in 2024), below the usual 1.5. Short-term debt is 63.9% and cash 12.7% of total assets. 82.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 9431 sector peers (2025).
NBB · sector comparisonPosition among 9431 sector peers
Solvency
better than 24%
← weakest
strongest →
raises risk · 2025 accounts filed 31 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 4 filingsDeviation from the deadline
2025
31 days late
2024
11 days late
2023
2 days early
2022
35 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 1 day after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 5 August (3 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved within Temse
New registered office: Krijgsbaan 160, 9140 Temse · Previous registered office: Gelaagstraat 111, 9140 Temse · Board meeting of 28-10-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0721786106
Amendment of the articles · Legal-form change · Resignations & appointments
Change of role: Matthias Osei-Vertez, from manager to director · Legal-form conversion: from limited partnership to private limited company · Director discharge: Matthias Osei-Vertez · General meeting of 31-03-2022 · Gazette deed
Environmental permit granted
Gevel-, dak-, instandhoudings- en renovatiewerken binnen een gebouw, zonder volume- of oppervlaktewijziging · Beveren-Kruibeke-Zwijndrecht
Comparable companies
same main activity, similar in size and ageThese companies have the same main activity as MVO PROJECTS: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €522,000 and €570,000, founded between 2018 and 2019.
Official details
Source: KBO- Status
- Active since 01-03-2019Normal situation
- Activity
- General construction of residential buildingsNACE 41001
- Establishment unit
- 2.286.430.9469140 Temse, since 01-03-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 31-10-2023
Insights on MVO PROJECTS
MVO PROJECTS files the micro format. That format states no turnover. The gross margin rose from €55,214 in 2022 to €114,914 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MVO PROJECTS
- What is the company number of MVO PROJECTS?
- The company number of MVO PROJECTS is 0721.786.106. The VAT number is the same number with BE in front: BE 0721.786.106.
- Where is MVO PROJECTS based?
- The registered office is at Krijgsbaan 160, 9140 Temse.Company details
- What does MVO PROJECTS do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of MVO PROJECTS?
- MVO PROJECTS is a private limited company (BV).
- When was MVO PROJECTS founded?
- MVO PROJECTS was founded on 01-03-2019.
- Is MVO PROJECTS still active?
- Yes, MVO PROJECTS is an active enterprise in the KBO register.
- What is the turnover of MVO PROJECTS?
- The turnover in financial year 2025 is ≈ €380,000. This figure is estimated from the gross margin of €114,914 and 98 comparable companies (NACE 41001). It probably lies between €270,000 and €580,000.Financials
- Is MVO PROJECTS profitable?
- In financial year 2025, MVO PROJECTS made a profit of €27,467.
- Where can I find the annual accounts of MVO PROJECTS?
- MVO PROJECTS filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MVO PROJECTS due?
- MVO PROJECTS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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