Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 50 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
MDV FINANCE from Mechelen, company number BE0760503457, closed financial year 2026 with a result of € 190,191 after tax. For that financial year MDV FINANCE recorded a gross margin of € 248,833 and equity of € 105,058. Compared with financial year 2025, the result moved from € 79,929 to € 190,191. Profitable, and profit is growing. The buffer shrank hard: equity is 51 % below last year. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 9, 2026.
€ 105,058
▼ 51% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 190,191
▲ 138% vs 2025
Profit after tax over the fiscal year.
€ 24,935
▼ 80% vs 2025
Cash and bank balances on the last day of the fiscal year.
€ 297,647 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2026
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2026
€ 95,156
▼ 33% vs 2025
€ 50,294 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 3,605
▼ 51% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 1,550
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 126,440 | € 326,646 | € 92,430 | € 248,833 | ▲ 169% |
| Profit after taxes | € 97,294 | € 253,040 | € 79,929 | € 190,191 | ▲ 138% |
| Equity | € 173,662 | € 426,702 | € 212,513 | € 105,058 | ▼ 51% |
| Total debts | € 343,697 | € 274,432 | € 269,045 | € 100,485 | ▼ 63% |
| Cash | € 107,885 | € 86,560 | € 127,418 | € 24,935 | ▼ 80% |
| Retained profit | € 171,162 | € 424,202 | € 210,013 | € 102,558 | ▼ 51% |
| Dividend | € 0 | € 0 | € 294,118 | € 297,647 | ▲ 1% |
| Bank debt | € 240,636 | € 192,808 | € 142,390 | € 95,156 | ▼ 33% |
| Balance sheet total | € 517,359 | € 701,134 | € 481,558 | € 205,542 | ▼ 57% |
Key figures of MDV FINANCE, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 30 November 2027.
What happened to MDV FINANCE?
What happened at MDV FINANCE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 190,191 (▲ 138% vs 2025). Source: NBB ↗
- New establishment in Mechelen. KBO
- Start of the company according to the CBE. KBO
In short
From € 97,294 profit in 2023 to € 190,191 profit in 2026.
Paid € 194,740 in corporate taxes since 2023.
Best year ever: 2024, with € 253,040 profit.
Paid out € 591,765 in dividends to the owners in total.
Management
Behind MDV FINANCE is Michel De Vleeshouwer.
Directors
According to the 2026 annual accounts
Michel De Vleeshouwer
Director
Establishments
Establishment units
Physical locations of this company
Stuivenbergbaan 17
2800 Mechelen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0760.503.457
- VAT number
- BE 0760.503.457
- Registered office
- Stuivenbergbaan 17, 2800 Mechelen
- Names & denominations
- MDV FINANCE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 December 2020
- Peppol
- Active · Active since 24 Oct 2025
- Activities · NACE
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