Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 2 to 1.
Financials
Financial year 2025
M. V. W. from Waregem, company number BE0449097528, closed financial year 2025 with a result of € 35,524 after tax. For that financial year M. V. W. recorded a gross margin of € 201,070 and equity of € 89,278. Compared with financial year 2024, the result moved from € -84,464 to € 35,524. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2026.
€ 89,278
▲ 66% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 35,524
▲ still € 84,464 loss in 2024
Profit after tax over the fiscal year.
€ 23,721
▲ € 17,830 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -157,733.
People and assets in 2025
1
▼ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 67,515
▼ 34% vs 2024
€ 67,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 15,259
▼ 56% vs 2024
Of which on lease € 9,580.
Debts at end 2025
€ 401,919
▼ 23% vs 2024
€ 118,074 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 141,251
▲ 36% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 21,247
▲ 65% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 246,523 | € 249,624 | € 146,709 | € 201,070 | ▲ 37% |
| Profit after taxes | € 19,496 | € 7,023 | € -84,464 | € 35,524 | ▲ € 119,988 |
| Equity | € 131,196 | € 138,219 | € 53,755 | € 89,278 | ▲ 66% |
| Total debts | € 666,669 | € 669,121 | € 636,095 | € 572,519 | ▼ 10% |
| Cash | € 14,451 | € 20,966 | € 5,891 | € 23,721 | ▲ € 17,830 |
| Land & buildings | € 245,940 | € 282,047 | € 222,410 | € 195,023 | ▼ 12% |
| Retained profit | € -115,816 | € -108,793 | € -193,257 | € -157,733 | ▲ € 35,524 |
| Bank debt | € 523,289 | € 571,020 | € 519,497 | € 401,919 | ▼ 23% |
| Balance sheet total | € 797,865 | € 807,340 | € 689,849 | € 661,798 | ▼ 4% |
| Employees (FTE) | 2 | 2 | 1.5 | 1 | ▼ 0.5 |
Key figures of M. V. W., fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to M. V. W.?
What happened at M. V. W. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 35,524. Source: NBB ↗
- New establishment in Waregem. KBO
- Start of the company according to the CBE. KBO
In short
From € 19,496 profit in 2022 to € 35,524 profit in 2025.
Paid € 567 in corporate taxes since 2022.
Best year ever: 2025, with € 35,524 profit.
On average € 201,100 of value added per employee in 2025.
A new publication or filing at M. V. W.? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of ADVIES - DIENSTEN - STUDIEBUREAU comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
M. V. W.Behind M. V. W. are Hilde Vercaempst and ADS NV. The shares are held by ADVIES - DIENSTEN - STUDIEBUREAU (44.2%).
Directors
According to the 2025 annual accounts
Director · represented by Lieven Vandendriessche
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Vichtseweg 256-258
8790 Waregem
Vichtseweg 256
8790 Waregem
Active since 26 January 1993
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0449.097.528
- VAT number
- BE 0449.097.528
- Registered office
- Vichtseweg 256-258, 8790 Waregem
- Names & denominations
- M. V. W.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 December 1992
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Verspanend bewerken van metalen
Algemene metaalbewerking
Vervaardiging van machines voor de productie van textiel, kleding en leer