Equity
MVR1 paid out €774,615 in dividends. That is 214% of the 2025 profit.
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MVR1 paid out €774,615 in dividends. That is 214% of the 2025 profit.
The result rose in 2025 from €245,274 to €361,802.
Of this, €2.1m falls due within a year.
Pledge on the business, new in 2025. 2.4 times equity · not in the 2024 accounts.
In 2025, 10 people joined and 13 left.
Higher net result than 95% of companies in retail trade. Sector median €27,404 · 12,850 companies.
In July 2024, 2,684 companies had the same profile as MVR1 has now. Each dot stands for 7 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 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 MVR1. 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.
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The scores and ratios are Checked's own calculations, not a credit decision.
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| Company | ||||
|---|---|---|---|---|
| MVR1 Wijnegem | €3.5m | €1.7m | 22.6% | 23.1 |
| PINDAKAAS Ingelmunster | €3.0m | €1.4m | 21.7% | 23 |
| LVL Vosselaar Turnhout | €2.4m | €1.8m | 3.0% | 23.2 |
| De Blauwe Leeuw Lille | €2.2m | €1.3m | 3.9% | 23.8 |
| Het Blauwe Fort Lille | €2.4m | €1.6m | 3.5% | 27.5 |
| Flanders Food Services 1 Aartselaar | €2.4m | €1.2m | 21.2% | 20.3 |
| De Blauwe Heerlijkheid Lille | €4.4m | €2.7m | 26.0% | 27.4 |
These companies have the same main activity as MVR1: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €2.2m and €4.4m, founded between 2019 and 2020.
MVR1 files the abbreviated format. That format states no turnover. The gross margin fell from €2.3m in 2022 to €1.7m 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.
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