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MVS Metal Works

Active
Private limited companyfounded 2024active for 2 yearsDesselgemseweg 182, 8790 Waregem, BelgiumKBO/BCE: BE 1013.068.592
Summary

The computed 12-month bankruptcy probability of MVS Metal Works is 5.4% (elevated). The 2025 annual accounts show equity of €27,900 and a net result of €17,539. Its solvency ranks better than 37% of 2,332 sector peers (NACE 25, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

Source: KBO
Status
Active since 02-09-2024 Normal situation
Activity
Machining of metals NACE 25530and 1 other
Establishment unit
2.364.393.311 8790 Waregem, since 02-09-2024
Financial year end
31 December
Peppol
Reachable since 13-09-2024

Financial position

39 Weak Checked score 2025
Bankruptcy probabilitywithin 12 months
5.4%
Annual accounts 2025
Gross margin
€22,954
▲ 88.9%
Turnover
≈ €160,000
estimated
Profit
€17,539
▲ 98.0%
Equity
€27,900
▲ 169%
Total assets
€87,885
▲ 86.3%
  • 2025 accounts filed 49 days after the deadline
Score breakdownraises riskFounded in 2024Liquidity: current ratio 1.21Last filed accounts filed 49 days late; 2 of the last 3 accounts lateSector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)Show the evidence

Checked score

Score 2025
39 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially stronger than 57% of micro companies in fabricated metal products (NACE 25)
Financial strength · tick: 2024
Average
Solvency 57+10
equity 31.7% of total assets
Liquidity 27+12
short-term debt 68.3%
Profitability 94+2
return on assets 20.0%
Bankruptcy probability within 12 months
5.4% Elevated
0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (3,707 companies, NACE 25, micro)
Last 24 months 10-2025: 4.0%lowest value 11-2025: 4.0%● unchanged vs 10-2025lowest value 12-2025: 4.5%▲ +0.5 percentage points vs 11-2025 01-2026: 4.7%▲ +0.2 percentage points vs 12-2025 02-2026: 4.9%▲ +0.2 percentage points vs 01-2026 03-2026: 5.0%▲ +0.1 percentage points vs 02-2026 04-2026: 5.3%▲ +0.3 percentage points vs 03-2026 05-2026: 5.4%▲ +0.1 percentage points vs 04-2026 06-2026: 5.3%▼ -0.1 percentage points vs 05-2026 07-2026: 5.2%▼ -0.1 percentage points vs 06-2026 08-2026: 6.2%▲ +1.0 percentage point vs 07-2026 09-2026: 6.4%▲ +0.2 percentage points vs 08-2026highest value 10-2026: 5.4%▼ -1.0 percentage point vs 09-2026 11-2026: 5.4%● unchanged vs 10-2026
Credit of up to €1,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is tight, with a current ratio of 1.21 (0.93 in 2024), below the usual 1.5. Short-term debt is 68.3% of total assets. 68.3% of the assets are financed with debt and provisions.
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 25, micro). It does better than 34% of them on solvency, 15% on liquidity, 84% on profitability and 96% on growth.

The bankruptcy probability was computed on 01-11-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
raises risk
raises risk · Founded in 2024
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Liquidity: current ratio 1.21
NBB · annual accounts
raises risk · Last filed accounts filed 49 days late; 2 of the last 3 accounts late
NBB · filings
raises risk · Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
KBO
raises risk · 2025 accounts filed 49 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-09-2026, 49 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 · 2 filings
Deviation from the deadline
2025
49 days late
2024
60 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 2 accounts on average 55 days after the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% 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.
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since incorporation in 2024.
KBO publications

Recent changes

  1. · Gazette deed IncorporationStarting capital €1,500 · Appointments: MEYHUI Marcellino Jacques Yvette (director) and VAN SEVEREN Charlotte (director)
All 3 events

Comparable companies

These companies have the same main activity as MVS Metal Works: machining of metals (NACE 25530). They are comparable in size and age: total assets between €70,300 and €104,000, founded between 2023 and 2025.

CompanyTotal assetsGross margin
MVS Metal Works Waregem€87,885€22,954
Desaeyer Kevin Zedelgem€103,337€18,362
BCK Atelier Poperinge€95,901€38,387
Dries Delarue Vorselaar€70,321€24,384
BENJI HERTOGHS Kapellen€103,827€24,519
GLVE Stekene€70,958€28,048
Metallbau Gabriel Malmedy€74,193€20,772
Full comparison

Key facts about MVS Metal Works

What is the company number of MVS Metal Works?
The company number of MVS Metal Works is 1013.068.592. The VAT number is the same number with BE in front: BE 1013.068.592.
Where is MVS Metal Works based?
The registered office is at Desselgemseweg 182, 8790 Waregem.Company details
What does MVS Metal Works do?
According to the KBO register, the main activity is machining of metals (NACE 25530).
What is the legal form of MVS Metal Works?
The legal form of MVS Metal Works is Private limited company (BV).
When was MVS Metal Works founded?
MVS Metal Works was founded on 02-09-2024.
Is MVS Metal Works still active?
Yes, MVS Metal Works is an active enterprise in the KBO register.
What is the turnover of MVS Metal Works?
The turnover in financial year 2025 is ≈ €160,000. This figure is estimated from the gross margin of €22,954 and 36 comparable companies (NACE 25). It probably lies between €66,000 and €300,000. It is a rough estimate.Financials
Is MVS Metal Works profitable?
In financial year 2025, MVS Metal Works made a profit of €17,539.
Where can I find the annual accounts of MVS Metal Works?
MVS Metal Works filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of MVS Metal Works due?
MVS Metal Works must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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