Financials
Financial year 2025
MV-CO from Waregem, company number BE0645670701, closed financial year 2025 with a result of € 48,830 after tax. For that financial year MV-CO recorded a gross margin of € 87,884 and equity of € 482,150. Compared with financial year 2024, the result moved from € 41,889 to € 48,830. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on March 24, 2026.
€ 482,150
▲ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 48,830
▲ 17% vs 2024
Profit after tax over the fiscal year.
€ 83,688
▲ 131% 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 € 382,150.
Debts at end 2025
€ 12,937
▼ 44% vs 2024
€ 10,325 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 1,456
▲ 59% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 23,574
▲ 66% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 80,465 | € 80,536 | € 85,360 | € 87,884 | ▲ 3% |
| Profit after taxes | € 39,678 | € 38,359 | € 41,889 | € 48,830 | ▲ 17% |
| Equity | € 353,073 | € 391,431 | € 433,320 | € 482,150 | ▲ 11% |
| Total debts | € 214,356 | € 193,704 | € 141,596 | € 118,317 | ▼ 16% |
| Cash | € 44,054 | € 21,305 | € 36,204 | € 83,688 | ▲ 131% |
| Retained profit | € 253,073 | € 291,431 | € 333,320 | € 382,150 | ▲ 15% |
| Bank debt | € 198,003 | € 45,376 | € 23,073 | € 12,937 | ▼ 44% |
| Balance sheet total | € 567,429 | € 585,135 | € 574,916 | € 600,467 | ▲ 4% |
Key figures of MV-CO, 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 MV-CO?
What happened at MV-CO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 48,830 (▲ 17% vs 2024). Source: NBB ↗
- New establishment in Waregem. KBO
- Start of the company according to the CBE. KBO
In short
From € 39,678 profit in 2022 to € 48,830 profit in 2025.
Paid € 85,292 in corporate taxes since 2022.
Best year ever: 2025, with € 48,830 profit.
Management
Behind MV-CO is Matthieu Vuylsteke. It owns 25% of Devumat itself.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Franklin Rooseveltlaan 61
8790 Waregem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0645.670.701
- VAT number
- BE 0645.670.701
- Registered office
- Franklin Rooseveltlaan 61, 8790 Waregem
- Names & denominations
- MV-CO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 January 2016
- Peppol
- Active · Active since 3 Sept 2026
- Activities · NACE
Activiteiten van holdings
Holdings