MVVP
ActiveSummary
MVVP has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €318,125 and a net result of €776,655. Equity is shrinking by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 27% of 2943 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency42▲+5
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23,000 at 30 days acceptable
Liquidity ample (current ratio 1.52 against 1.26 in 2023; short-term debt: 65.2% and cash: 24.2% of total assets), but 82.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
17.5%
Return on assets
42.7%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
68 d late
2022
on the day
2021
1 d early
2020
1 d early
2019
42 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 28 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€318,125▲ 11.7%
2023 · €284,866
Total assets
€1.8m▼ 25.1%
2023 · €2.4m
Net result
€776,655▼ 11.7%
2023 · €880,001
Working capital
€620,520▲ 24.2%
2023 · €499,678
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€696,552▲ 15.3%€814,379▲ 16.9%€1.0m▲ 25.8%€898,880▼ 12.2%€800,982▼ 10.9%
Net result€698,105above the sector's middle half▲ 20.6%€803,031above the sector's middle half▲ 15.0%€1.0mabove the sector's middle half▲ 25.8%€880,001above the sector's middle half▼ 12.9%€776,655above the sector's middle half▼ 11.7%
Equity€324,399within the sector's middle half▼ 21.0%€306,089within the sector's middle half▼ 5.6%€312,557within the sector's middle half▲ 2.1%€284,866within the sector's middle half▼ 8.9%€318,125within the sector's middle half▲ 11.7%
Total assets€1.6mwithin the sector's middle half▼ 5.4%€1.6mwithin the sector's middle half▼ 3.8%€2.4mwithin the sector's middle half▲ 56.6%€2.4mwithin the sector's middle half▲ 0.1%€1.8mwithin the sector's middle half▼ 25.1%
Debt€1.2m▼ 0.4%€1.2m▲ 0.5%€2.1m▲ 70.1%€2.1m▲ 1.4%€1.5m▼ 30.0%
Working capital€448,661within the sector's middle half▼ 8.9%€405,526within the sector's middle half▼ 9.6%€456,237within the sector's middle half▲ 12.5%€499,678within the sector's middle half▲ 9.5%€620,520above the sector's middle half▲ 24.2%
Solvency20.1%within the sector's middle half▼ 4.0pp19.7%within the sector's middle half▼ 0.4pp12.9%below the sector's middle half▼ 6.9pp11.7%below the sector's middle half▼ 1.1pp17.5%within the sector's middle half▲ 5.8pp
Current ratio1.45within the sector's middle half▼ 0.061.39within the sector's middle half▼ 0.051.24within the sector's middle half▼ 0.151.26within the sector's middle half▲ 0.021.52within the sector's middle half▲ 0.26
Return on assets (ROA)43.3%above the sector's middle half▲ 9.3pp51.8%above the sector's middle half▲ 8.5pp41.6%above the sector's middle half▼ 10.2pp36.2%above the sector's middle half▼ 5.4pp42.7%above the sector's middle half▲ 6.5pp
Staff (FTE)5.1within the sector's middle half▼ 7.3%4.9within the sector's middle half▼ 3.9%3.1within the sector's middle half▼ 36.7%3.1within the sector's middle half=3.8within the sector's middle half▲ 22.6%
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 11% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.8m
Fixed assets
€13,469 ▼ 46.9%
Current assets
€1.8m ▼ 24.9%
Equity and liabilities €1.8m
Equity
€318,125 ▲ 11.7%
Debt
€1.5m ▼ 30.0%
Debt's share of the balance-sheet total falls from 88.3% to 82.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€812,855▼
2023 · €962,495
Cash flow
€788,528▼
2023 · €943,615
Quick ratio
1.19▲
2023 · 1.06
Debt to equity
4.72▼
2023 · 7.53
ROE
244.1%▼
2023 · 308.9%
Interest coverage
195.72▲
2023 · 159.64
Debt ≤ 1 year
€1.2m▼
2023 · €1.9m
Income taxes
€23,458▲
2023 · €13,504
Staff costs
€255,450▲
2023 · €242,811
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.4%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% 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 497,341 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% | 1.0% |
| 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% 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 5,053 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €5,927 | €3,186 | - | - | - |
| Remuneration, social security and pensions62 | - | €308,551 | €210,345 | €242,811 | €255,450 | ▲ 5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €75,097 | €54,436 | €55,052 | €63,615 | €11,873 | ▼ 81.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €143,877 | -€92,590 | €27,320 | €97,596 | ▲ 257% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€50,000 | - | - | - | - |
| Other operating charges640/8 | - | €3,669 | €944 | €1,189 | €1,790 | ▲ 50.5% |
| Non-recurring operating charges66A | - | - | €8,798 | - | €4,831 | - |
| Gross operating margin9900 | €1.2m | €1.3m | €1.2m | €1.2m | €1.2m | ▼ 5.0% |
| Operating profit (loss)9901 | €696,552 | €814,379 | €1.0m | €898,880 | €800,982 | ▼ 10.9% |
| Financial income75/76B | - | €599 | €107 | €653 | €3,284 | ▲ 403% |
| Recurring financial income75 | €172 | €599 | €107 | €653 | €3,284 | ▲ 403% |
| Financial charges65/66B | - | €7,669 | €6,482 | €6,029 | €4,153 | ▼ 31.1% |
| Recurring financial charges65 | €7,579 | €7,669 | €6,482 | €6,029 | €4,153 | ▼ 31.1% |
| Profit (loss) for the period before taxes9903 | €692,556 | €807,308 | €1.0m | €893,504 | €800,113 | ▼ 10.5% |
| Income taxes67/77 | -€5,549 | €4,278 | €7,679 | €13,504 | €23,458 | ▲ 73.7% |
| Profit (loss) for the period9904 | €698,105 | €803,031 | €1.0m | €880,001 | €776,655 | ▼ 11.7% |
| Profit (loss) for the period to be appropriated9905 | €698,105 | €803,031 | €1.0m | €880,001 | €776,655 | ▼ 11.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €1.6m | €2.4m | €2.4m | €1.8m | ▼ 25.1% |
| Fixed assets21/28 | €158,030 | €113,753 | €58,701 | €25,342 | €13,469 | ▼ 46.9% |
| Tangible fixed assets22/27 | €158,030 | €113,753 | €58,701 | €25,342 | €13,469 | ▼ 46.9% |
| Land and buildings22 | - | €104,270 | €52,135 | - | - | - |
| Furniture and vehicles24 | - | €9,484 | €6,566 | €25,342 | €13,469 | ▼ 46.9% |
| Current assets29/58 | €1.5m | €1.4m | €2.4m | €2.4m | €1.8m | ▼ 24.9% |
| Stocks and contracts in progress3 | €368,419 | €353,610 | €352,156 | €378,081 | €391,041 | ▲ 3.4% |
| Contracts in progress37 | - | €353,610 | €352,156 | €378,081 | €391,041 | ▲ 3.4% |
| Amounts receivable within one year40/41 | €487,737 | €408,147 | €519,220 | €818,421 | €938,447 | ▲ 14.7% |
| Trade receivables40 | - | €406,665 | €519,220 | €775,453 | €826,787 | ▲ 6.6% |
| Other amounts receivable41 | - | €1,481 | - | €42,969 | €111,660 | ▲ 160% |
| Cash at bank and in hand54/58 | €576,130 | €655,308 | €1.5m | €1.2m | €441,043 | ▼ 62.7% |
| Deferred charges and accrued income490/1 | - | €19,800 | €24,096 | €25,463 | €36,084 | ▲ 41.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €1.6m | €2.4m | €2.4m | €1.8m | ▼ 25.1% |
| Equity10/15 | €324,399 | €306,089 | €312,557 | €284,866 | €318,125 | ▲ 11.7% |
| Contributions10/11 | €21,376 | €21,376 | €21,376 | €18,891 | €19,001 | ▲ 0.6% |
| Capital10 | - | €21,376 | €21,376 | €18,891 | - | - |
| Issued capital100 | - | €21,376 | €21,376 | €18,891 | - | - |
| Reserves13 | €2,700 | €2,700 | €2,700 | €2,700 | €295,000 | ▲ 10,826% |
| Non-distributable reserves130/1 | - | €2,700 | €2,700 | €2,700 | - | - |
| Legal reserve130 | - | €2,700 | €2,700 | €2,700 | - | - |
| Distributable reserves133 | - | - | - | - | €295,000 | - |
| Profit (loss) carried forward14 | €300,323 | €282,013 | €288,481 | €263,275 | €4,124 | ▼ 98.4% |
| Provisions and deferred taxes16 | €50,000 | - | - | - | - | - |
| Amounts payable17/49 | €1.2m | €1.2m | €2.1m | €2.1m | €1.5m | ▼ 30.0% |
| Amounts payable after more than one year17 | €150,000 | €100,000 | €50,000 | - | - | - |
| Financial debts170/4 | - | €100,000 | €50,000 | - | - | - |
| Amounts payable within one year42/48 | €1.0m | €1.0m | €1.9m | €1.9m | €1.2m | ▼ 37.8% |
| Current portion of amounts payable after more than one year42 | - | €50,000 | €50,000 | €50,000 | - | - |
| Trade debts44 | €7,254 | €18,685 | €54,890 | €44,348 | €50,089 | ▲ 12.9% |
| Suppliers440/4 | - | €18,685 | €54,890 | €44,348 | €50,089 | ▲ 12.9% |
| Taxes, remuneration and social security45 | - | €123,451 | €74,429 | €139,353 | €142,409 | ▲ 2.2% |
| Taxes450/3 | - | €100,046 | €50,583 | €115,107 | €113,434 | ▼ 1.5% |
| Remuneration and social security454/9 | - | €23,405 | €23,846 | €24,246 | €28,975 | ▲ 19.5% |
| Other amounts payable47/48 | - | €839,203 | €1.7m | €1.7m | €993,596 | ▼ 40.6% |
| Accrued charges and deferred income492/3 | - | €113,190 | €152,382 | €240,154 | €315,864 | ▲ 31.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €698,105 | €803,031 | €1.0m | €880,001 | €776,655 | ▼ 11.7% |
| + Depreciation and write-downs630 | €75,097 | €54,436 | €55,052 | €63,615 | €11,873 | ▼ 81.3% |
| Operating cash flow (approximation) | €773,202 | €857,467 | €1.1m | €943,615 | €788,528 | ▼ 16.4% |
| Investment in fixed assets (approximation) | - | -€10,160 | €0 | -€30,256 | €0 | ▲ 100% |
| Change in cash | - | €79,178 | €819,428 | -€291,552 | -€742,140 | ▼ 155% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
26-06
State Gazette act
Resignations: Szent Salvati (director) and Advocatenkantoor Emmanuel Wauters (director)3 facts ▸
State Gazette act
Resignations: Szent Salvati (director) and Advocatenkantoor Emmanuel Wauters (director)
3 facts ▸
- General meeting, 30-06-2025
- Director resignation, Szent Salvati (director)
- Director resignation, Advocatenkantoor Emmanuel Wauters (director)
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 68 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €1.0m ▲25.8%
Operating result €1.0m, net result €1.0m, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
11-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 42 days late
2019
15-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 76 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 57 days late
2017
22-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 144 days late
2016
05-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 66 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2025
We have established no sitting directors for this company in the Gazette acts read. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Sint-Pieters-Woluwe · 1 establishment unit since 2011
Ground area
1.9 ha
Building footprint
4,055 m²
Volume, LiDAR
65,676 m³
Parcel 21019A0155/00Z000, Brussels · tallest building 28.9 m, ±5 floors. Linked by address, not a title deed.
120
companies at this address
See who is registered here
1 establishment unit
MARX VAN RANST VERMEERSCH & PARTNERS
since 20112.199.056.613
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21019A0155/00Z000 | Brussels | 1.9 ha | 1 · 4,055 m² | 28.9 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Mandate history
2 people since 2025, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Advocatenkantoor Emmanuel Wauters |
|
| Szent Salvati |
|
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Of 22,057 companies in this sector we hold annual accounts for 9,060. 6,672 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded05-10-2010
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0829955160
Also
9925:BE0829955160
Registered
15-06-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.