MXVD Solutions

Active

Private limited companyfounded 20215 yrs activeBrasschaatsebaan 31, 2970 Schilde, BelgiumKBO/BCE: BE 0763.477.892

MXVD Solutions has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2k and a net result of €42k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 37979 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).

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Checked score

Score 2024

45 / 100

Fair▼ -48 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100=

Solvency10▼-90

Growth58▼-20

Stability94

Bankruptcy probability, 12 months

0.5% Very low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.87 against 7.07 in 2023), and 97.1% of the assets are financed with debt.

How do we compute the score and the probability?

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

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 70

Relative position

BE, all sectors

reference

Sector 70

lower

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

2.9%

Return on assets

59.2%

Age of the figures

20 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 37979 sector peers (2024).

NBB · sector comparison

Position among 37979 sector peers

Solvency

better than 10%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

38 d early

2023

93 d early

2022

on the day

2021

40 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€2k▼ 98.5%

2023 · €136k

2021: €28k 2022: €84k 2023: €136k

2021 → 2024

Total assets

€71k▼ 55.5%

2023 · €159k

2021: €50k 2022: €112k 2023: €159k

2021 → 2024

Net result

€42k▼ 22.8%

2023 · €54k

2021: €27k 2022: €56k 2023: €54k

2021 → 2024

Working capital

€-9k

2023 · €135k

2021: €28k 2022: €82k 2023: €135k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€28k-€84k▲ 199%€136k▲ 62.7%€2k▼ 98.5%

Operating result€36k-€73k▲ 102%€69k▼ 5.4%€56k▼ 19.5%

Net result€27k-€56k▲ 108%€54k▼ 3.0%€42k▼ 22.8%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has fallen two years in a row; 2024 is 20% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €71k

17.1%

82.9%

Fixed assets €12k▲ 1,283%

Current assets €59k▼ 62.9%

Equity and liabilities €71k

97.1%

Equity €2k▼ 98.5%

Debt €69k▲ 207%

The debt ratio rises from 14.1% to 97.1%: debt grows while equity shrinks.

Key figures and ratios

2024 value · change against 2023

EBITDA

€57k▼

2023 · €70k

Cash flow

€43k▼

2023 · €55k

Solvency

2.9%▼

2023 · 85.9%

Current ratio

0.87▼

2023 · 7.07

Quick ratio

0.87▼

2023 · 7.07

Debt / equity

33.10▲

2023 · 0.16

ROE

2018.6%▲

2023 · 39.7%

ROA

59.2%▲

2023 · 34.1%

Interest coverage

31.63▼

2023 · 81.32

Debt

€69k▲

2023 · €22k

Debt ≤ 1 year

€67k▲

2023 · €22k

Income taxes

€13k▼

2023 · €16k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€159k€71k▼

Fixed assets21/28€873€12k▲

Tangible fixed assets22/27€873€12k▲

Plant, machinery and equipment23€515€334▼

Furniture and vehicles24€358€53▼

Other tangible fixed assets26-€12k

Current assets29/58€158k€59k▼

Amounts receivable after more than one year29€67k-

Other amounts receivable291€67k-

Amounts receivable within one year40/41€22k€48k▲

Trade receivables40€15k€46k▲

Other amounts receivable41€7k€2k▼

Cash at bank and in hand54/58€68k€9k▼

Deferred charges and accrued income490/1€1k€1k▲

Equity and liabilities

Total equity and liabilities10/49€159k€71k▼

Equity10/15€136k€2k▼

Contributions10/11€2k€2k=

Reserves13€134k-

Distributable reserves133€134k-

Profit (loss) carried forward14€25€71▲

Amounts payable17/49€22k€69k▲

Amounts payable within one year42/48€22k€67k▲

Trade debts44€8k€2k▼

Suppliers440/4€8k€2k▼

Taxes, remuneration and social security45€2k€2k▼

Taxes450/3€2k€2k▼

Other amounts payable47/48€12k€63k▲

Accrued charges and deferred income492/3-€1k

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€486€1k▲

Other operating charges640/8€33k€29k▼

Gross operating margin9900€103k€86k▼

Operating profit (loss)9901€69k€56k▼

Financial income75/76B€2k€464▼

Recurring financial income75€2k€464▼

Financial charges65/66B€859€2k▲

Recurring financial charges65€859€2k▲

Profit (loss) for the period before taxes9903€70k€54k▼

Income taxes67/77€16k€13k▼

Profit (loss) for the period9904€54k€42k▼

Profit (loss) for the period to be appropriated9905€54k€42k▼

Appropriation of the result

Profit (loss) to be appropriated9906€54k€42k▼

Profit (loss) brought forward from the previous period14P€45€25▼

Transfer from equity791/2€2k€134k▲

Transfer to equity691/2€54k-

To other reserves6921€54k-

Profit to be distributed694/7€2k€176k▲

Return on contributions (dividend)694€2k€176k▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 2Filings 4

2025

23-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

29-04

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Equity above €100kEq €136k ▲62.7%

3 profitable years in a row build equity to €136k.

31-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Highest result since 2021net €56k ▲108%

Operating result €73k, net result €56k, both a record.

21-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2022

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

23-06-2022 Resigned as Director

Location & real-estate footprint

Registered office, Schilde · 1 establishment unit since 2021

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.

Brasschaatsebaan 312970 Schilde

Ground area

698 m²

Building footprint

141 m²

Volume, LiDAR

963 m³