MVW@work
ActiveMVW@work has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €235k and a net result of €14k. Equity is growing by ~13.3% per year across the filed fiscal years. Its solvency ranks better than 75% of 7744 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
84
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▼-8
Solvency91▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 1.96 against 1.53 in 2024; short-term debt: 23.1% and cash: 32.8% of total assets), and 33.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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 2025Solvency, return and age of the figures
Solvency
66.2%
Return on assets
4.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
34 d late
2023
28 d late
2022
27 d early
2021
130 d late
2020
31 d early
2019
31 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€235k▲ 6.6%
2024 · €221k
2018: €105k
2019: €106k
2020: €133k
2021: €134k
2022: €161k
2023: €179k
2024: €221k
2018 → 2025
Total assets
€356k▼ 11.6%
2024 · €403k
2018: €160k
2019: €209k
2020: €258k
2021: €217k
2022: €193k
2023: €344k
2024: €403k
2018 → 2025
Net result
€14k▼ 65.8%
2024 · €42k
2018: €13k
2019: €473
2020: €28k
2021: €397
2022: €27k
2023: €18k
2024: €42k
2018 → 2025
Working capital
€79k▲ 6.4%
2024 · €74k
2018: €88k
2019: €100k
2020: €106k
2021: €94k
2022: €102k
2023: €131k
2024: €74k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€134k-€161k▲ 20.3%€179k▲ 10.9%€221k▲ 23.7%€235k▲ 6.6%
Operating result€1k-€38k▲ 2,738%€25k▼ 34.1%€58k▲ 135%€27k▼ 54.1%
Net result€397-€27k▲ 6,759%€18k▼ 35.6%€42k▲ 141%€14k▼ 65.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 54% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €356k
Fixed assets
€195k▲ 4.1%
Current assets
€161k▼ 25.3%
Equity and liabilities €356k
Equity
€235k▲ 6.6%
Debt
€120k▼ 33.7%
The debt ratio falls from 45.1% to 33.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€82k▼
2024 · €98k
Cash flow
€69k▼
2024 · €82k
Solvency
66.2%▲
2024 · 54.9%
Current ratio
1.96▲
2024 · 1.53
Quick ratio
1.96▲
2024 · 1.53
Debt / equity
0.51▼
2024 · 0.82
ROE
6.2%▼
2024 · 19.2%
ROA
4.1%▼
2024 · 10.5%
Interest coverage
21.73▼
2024 · 32.25
Debt
€120k▼
2024 · €182k
Debt ≤ 1 year
€82k▼
2024 · €141k
Debt > 1 year
€38k▼
2024 · €40k
Income taxes
€9k▼
2024 · €14k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€403k€356k▼
Fixed assets21/28€187k€195k▲
Tangible fixed assets22/27€187k€195k▲
Plant, machinery and equipment23€39k€57k▲
Furniture and vehicles24€148k€138k▼
Current assets29/58€216k€161k▼
Amounts receivable after more than one year29€16k-
Other amounts receivable291€16k-
Amounts receivable within one year40/41€120k€44k▼
Trade receivables40€115k€37k▼
Other amounts receivable41€4k€7k▲
Cash at bank and in hand54/58€80k€117k▲
Deferred charges and accrued income490/1-€466
Equity and liabilities
Total equity and liabilities10/49€403k€356k▼
Equity10/15€221k€235k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€200k€215k▲
Amounts payable17/49€182k€120k▼
Amounts payable after more than one year17€40k€38k▼
Financial debts170/4€40k€38k▼
Amounts payable within one year42/48€141k€82k▼
Current portion of amounts payable after more than one year42€27k€26k▼
Trade debts44€79k€37k▼
Suppliers440/4€79k€37k▼
Taxes, remuneration and social security45€22k€19k▼
Taxes450/3€18k€15k▼
Remuneration and social security454/9€4k€4k=
Other amounts payable47/48€14k-
Income statement
Code20242025
Non-recurring operating income76A€6k€22k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k€55k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€99k€83k▼
Operating profit (loss)9901€58k€27k▼
Financial income75/76B€525€769▲
Recurring financial income75€525€769▲
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€56k€24k▼
Income taxes67/77€14k€9k▼
Profit (loss) for the period9904€42k€14k▼
Profit (loss) for the period to be appropriated9905€42k€14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€200k€215k▲
Profit (loss) brought forward from the previous period14P€158k€200k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
03-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 34 days late
2024
31-12
Financial
Highest result since 2018net €42k ▲141%
Operating result €58k, net result €42k, both a record.
31-12
Financial
Equity above €200kEq €221k ▲23.7%
7 profitable years in a row build equity to €221k.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 28 days late
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €150kEq €161k ▲20.3%
5 profitable years in a row build equity to €161k.
08-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 130 days late
2021
31-12
Financial
Weakest financial yearnet €397 ▼98.6%
Net result drops to €397, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Hulshout · 1 establishment unit since 1992
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Manestraat 92235 HulshoutGround area
1.7 ha
Building footprint
356 m²
Volume, LiDAR
2,042 m³
Parcel 13050A0086/00Z005, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MVW@work
since 19922.037.387.703
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13050A0086/00Z005 | Flanders | 1.7 ha | 1 · 356 m² | 9.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
AURERE
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AFSLUITINGEN WEMA
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Tessenderlo-Ham · Eq €235k
KELLER FUNDERINGSTECHNIEKEN BELGIË
BE 0789.996.704
Brecht · Eq €235k
ZWEMBADHALL
BE 0424.558.112
Pepingen · Eq €236k
D.W.BO
BE 0449.319.836
Turnhout · Eq €235k
Of 15,529 companies in sector 43990 we hold annual accounts for 7,421. 5,677 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-03-1988
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
52487
43110Demolition
43331Floor and wall tiling
43350Other building finishing work
43410Roofing work
43994Specialised construction activities
46500Wholesale of information and communication equipment
46660Wholesale trade
47400Retail sale of information and communication equipment
47410Retail trade
51850
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.