MVR2
ActiveSummary
The computed 12-month bankruptcy probability of MVR2 is 1.6% (moderate). The 2025 annual accounts show negative equity (-€194,289) and a net result of -€310,879. Its solvency ranks better than 11% of 5,018 sector peers (NACE 47, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, full format
Peer companies
Historical observationOf the 1,251 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 96.6% are still going.
- Small
- 2 to 5 years old
- negative equity
- a small loss
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,251 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2025 |
|---|---|
| Operating income70/76A | €20.9m |
| Turnover70 | €20.7m |
| Other operating income74 | €0.2m |
| Operating charges60/66A | €21.0m |
| Goods for resale, raw materials and consumables60 | €16.2m |
| Purchases600/8 | €16.6m |
| Change in stocks: decrease (increase)609 | -€0.4m |
| Services and other goods61 | €3.1m |
| Remuneration, social security and pensions62 | €0.8m |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.8m |
| Other operating charges640/8 | €0.02m |
| Operating profit (loss)9901 | -€0.09m |
| Financial income75/76B | €195 |
| Recurring financial income75 | €195 |
| Other financial income752/9 | €195 |
| Financial charges65/66B | €0.2m |
| Recurring financial charges65 | €0.2m |
| Debt charges650 | €0.2m |
| Other financial charges652/9 | €0.01m |
| Profit (loss) for the period before taxes9903 | -€0.3m |
| Profit (loss) for the period9904 | -€0.3m |
| Profit (loss) for the period to be appropriated9905 | -€0.3m |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €5.0m | |
| Fixed assets21/28 | €3.9m | |
| Tangible fixed assets22/27 | €3.9m | |
| Plant, machinery and equipment23 | €0.5m | |
| Other tangible fixed assets26 | €3.4m | |
| Current assets29/58 | €1.1m | |
| Stocks and contracts in progress3 | €0.4m | |
| Stocks30/36 | €0.4m | |
| Goods purchased for resale34 | €0.4m | |
| Amounts receivable within one year40/41 | €0.07m | |
| Trade receivables40 | €0.06m | |
| Other amounts receivable41 | €0.008m | |
| Cash at bank and in hand54/58 | €0.6m | |
| Deferred charges and accrued income490/1 | €0.04m | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €5.0m | |
| Equity10/15 | -€0.2m | |
| Contributions10/11 | €0.05m | |
| Profit (loss) carried forward14 | -€0.3m | |
| Investment grants15 | €0.07m | |
| Amounts payable17/49 | €5.2m | |
| Amounts payable after more than one year17 | €3.7m | |
| Financial debts170/4 | €3.7m | |
| Subordinated loans170 | €0.8m | |
| Credit institutions173 | €2.4m | |
| Other loans174 | €0.4m | |
| Amounts payable within one year42/48 | €1.5m | |
| Current portion of amounts payable after more than one year42 | €0.5m | |
| Trade debts44 | €0.8m | |
| Suppliers440/4 | €0.8m | |
| Taxes, remuneration and social security45 | €0.2m | |
| Taxes450/3 | €0.06m | |
| Remuneration and social security454/9 | €0.1m | |
| Other amounts payable47/48 | €0.003m | |
| Accrued charges and deferred income492/3 | €321 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | -€310,879 |
| + Depreciation and write-downs630 | €845,409 |
| Operating cash flow (approximation) | €534,530 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | full format | 19-01-2026 | 2026-00009779 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2024 to 2025 · 3 entries · €83,237 awarded · €83,237 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €0 | €45,363 |
| 2024 | 1 | €83,237 | €37,874 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.