Equity
-€81,620
Debts exceed assets in financial year 2025.
MVS Team
Lifetime
1 annual account with figurespeak €588,931 (2025)
€588,931
lowest -€125,422 (2025)
-€125,422
peak -€81,620 (2025)
-€81,620
€5.4m
peak 13.3 FTE (2025)
13.3 FTE
Board1 name since 2024
1 directorFANARAF
Owners
100%FANARAF
Documentsfilings and deeds
31-07-2026on the last day
2025abbreviated format
Loss of €125,422First year with figures
Key points
from the 2025 annual accountsDebts
€5.4m 102% of the balance sheet
Financial debts 41%Suppliers 21%Taxes and wages 1%Other 37%
€2.3m of the debts are secured on the company's own assets.
Position in the sector
-€125,422
Lower net result than 95% of companies in retail trade. Sector median €27,425 · 12,844 companies.
Checked score
51
Fair
Financially stronger than 19% of small companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.3% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 3,698 companies (NACE 47, small).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
08-2025: 1.8%lowest value
09-2025: 1.9%▲ +0.1 percentage points vs 08-2025
10-2025: 1.9%● unchanged vs 09-2025
11-2025: 2.2%▲ +0.3 percentage points vs 10-2025
12-2025: 2.3%▲ +0.1 percentage points vs 11-2025
01-2026: 2.6%▲ +0.3 percentage points vs 12-2025
02-2026: 2.9%▲ +0.3 percentage points vs 01-2026
03-2026: 2.9%● unchanged vs 02-2026
04-2026: 2.8%▼ -0.1 percentage points vs 03-2026
05-2026: 2.8%● unchanged vs 04-2026
06-2026: 3.0%▲ +0.2 percentage points vs 05-2026
07-2026: 3.2%▲ +0.2 percentage points vs 06-2026highest value
08-2026: 2.3%▼ -0.9 percentage points vs 07-2026
09-2026: 2.3%● unchanged vs 08-2026
10-2026: 2.3%● unchanged vs 09-2026
11-2026: 2.3%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Negative equity -€81,620
Liquidity: current ratio 0.64, cash €250,305
Founded in 2024
lowers risk
Figures for financial year 2025 (filed on 10-08-2026)
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 47, small). It does better than 10% of them on solvency, 36% on liquidity and 11% on profitability.
The bankruptcy probability was computed on 10-11-2026 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, 1,251 companies had the same profile as MVS Team has now. Each dot stands for 4 companies, two years later.
96.6%
were still trading
2.1%
stopped another way
1.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MVS Team itself is higher: 2.3% within 12 months. It rests on far more data about MVS Team 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 1,251 companies, not a prediction for MVS Team. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.64, below 1. Short-term debt is 45.4% and cash 4.7% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
on the day
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1011667339
First establishment
Pr. Thuysbaertlaan 6, Lokeren
Incorporation
Founding capital of €10,000, 100 shares · Founder: FANARAF (comparant) · Appointment: FANARAF (director) · published on 19-07-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MVS Team Lokeren | €5.4m | €0.6m | -1.5% | 13.3 |
| HEJ Retail Deinze | €3.4m | €0.6m | -3.5% | 13.2 |
| De Blauwe Wind Lille | €4.3m | €0.4m | 1.5% | 9.9 |
| Flanders Food Services 4 Aartselaar | €4.4m | €1.2m | 6.9% | 12.2 |
| BOP RETAIL Boom | €3.1m | €1.2m | 1.6% | 14.1 |
| WENDU SPAR De Haan | €3.0m | €0.9m | 7.1% | 9.7 |
| SPEECHLESS Namur | €5.7m | €1.2m | -11.3% | 19.8 |
These companies have the same main activity as MVS Team: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €3m and €5.7m, founded in 2024.
Official details
Source: KBO- Status
- Active since 17-07-2024Normal situation
- Activity
- Non-specialised retail sale with food, beverages or tobacco predominatingNACE 47110
- Joint committee
- 201Independent retail · annual accounts 2025
- Establishment unit
- 2.361.819.3469160 Lokeren, since 01-08-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 25-03-2025
Annual accounts 2025
- ≈ €5.6mestimated
- €5.4m
- Employeeson 31-12-2025
- 41
- Filing
- Filed on 31-07-2026, on the last day of the filing period
Insights on MVS Team
The computed 12-month bankruptcy probability of MVS Team is 2.3% (moderate). The 2025 annual accounts show negative equity (-€81,620) and a net result of -€125,422.
Its solvency ranks better than 13% of 12,856 sector peers (NACE 47, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
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 MVS Team
- What is the company number of MVS Team?
- The company number of MVS Team is 1011.667.339. The VAT number is the same number with BE in front: BE 1011.667.339.
- Where is MVS Team based?
- The registered office is at Pr. Thuysbaertlaan 6, 9160 Lokeren.Company details
- What does MVS Team do?
- According to the KBO register, the main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110).
- What is the legal form of MVS Team?
- MVS Team is a private limited company (BV).
- When was MVS Team founded?
- MVS Team was founded on 17-07-2024.
- Is MVS Team still active?
- Yes, MVS Team is an active enterprise in the KBO register.
- How many employees does MVS Team have?
- MVS Team had an average of 13.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does MVS Team fall under?
- In its 2025 annual accounts, MVS Team states joint committee 201 (Independent retail).
- What is the turnover of MVS Team?
- The turnover in financial year 2025 is ≈ €5.6m. This figure is estimated from the gross margin of €588,931 and 42 comparable companies (NACE 47110). It probably lies between €4.7m and €7.5m.
- Is MVS Team profitable?
- In financial year 2025, MVS Team made a loss of €125,422.
- Where can I find the annual accounts of MVS Team?
- MVS Team filed 1 annual account with the National Bank of Belgium, for financial year 2025.
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 See whether the workforce is growing and whether people stay.Employer 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 See which support similar companies received that this one did not.Subsidies
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