Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 49 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
M.D.V. from Dendermonde, company number BE0567807514, closed financial year 2025 with a result of € 112,378 after tax. For that financial year M.D.V. recorded a gross margin of € 171,625 and equity of € 1.3 million. Compared with financial year 2024, the result moved from € 114,051 to € 112,378. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 24, 2025.
€ 1.3 million
▲ 10% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 112,378
▼ 1% vs 2024
Profit after tax over the fiscal year.
€ 3,452
▲ 96% 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 € 1.2 million.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 2.8 million
▼ 4% vs 2024
€ 13,334 is repaid this year. At this pace the long-term loan is gone in ≈ 205 years.
€ 19,740
▲ 57% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 37,332
▼ 1% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 101,702 | € 151,948 | € 168,535 | € 171,625 | ▲ 2% |
| Profit after taxes | € 36,210 | € 76,272 | € 114,051 | € 112,378 | ▼ 1% |
| Equity | € 969,086 | € 1,045,358 | € 1,159,408 | € 1,271,786 | ▲ 10% |
| Total debts | € 1,764,222 | € 3,168,838 | € 3,162,536 | € 3,119,581 | ▼ 1% |
| Cash | € 1,307 | € 3,410 | € 1,761 | € 3,452 | ▲ 96% |
| Retained profit | € 919,086 | € 995,358 | € 1,109,408 | € 1,221,786 | ▲ 10% |
| Bank debt | € 130,000 | € 2,927,701 | € 2,872,800 | € 2,754,476 | ▼ 4% |
| Balance sheet total | € 2,733,307 | € 4,214,195 | € 4,321,945 | € 4,391,367 | ▲ 2% |
Key figures of M.D.V., 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 October 2026.
What happened to M.D.V.?
What happened at M.D.V. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 112,378 (▼ 1% vs 2024). Source: NBB ↗
- New establishment in Dendermonde. KBO
- Start of the company according to the CBE. KBO
- Mathieu Dewaelhens became a director. NBB
In short
From € 36,210 profit in 2022 to € 112,378 profit in 2025.
Paid € 127,641 in corporate taxes since 2022.
Best year ever: 2024, with € 114,051 profit.
A new publication or filing at M.D.V.? 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
Behind M.D.V. is Mathieu Dewaelhens. It owns 100% of Immo Grovam and 100% of Cosmo itself.
Directors
According to the 2025 annual accounts
Mathieu Dewaelhens
Director
Also active at: DE REIGER, COSMO, DANYMAT, GROVAM, Lievens Industrial Technics, EMVI-Invest, JVL-Projects
since 2014
Establishments
Establishment units
Physical locations of this company
Reihagenstraat (BAA) 16
9200 Dendermonde
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0567.807.514
- VAT number
- BE 0567.807.514
- Registered office
- Reihagenstraat (BAA) 16, 9200 Dendermonde
- Names & denominations
- M.D.V.
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 November 2014
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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