Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 62 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MGVD from Baelen, company number BE0774290226, closed financial year 2025 with a result of € 23,235 after tax. For that financial year MGVD recorded a gross margin of € 24,208 and equity of € -4,222. Compared with financial year 2024, the result moved from € -21,748 to € 23,235. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 27, 2026.
€ -4,222
▲ € 23,235 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 23,235
▲ still € 21,748 loss in 2024
Profit after tax over the fiscal year.
€ 388
▼ 87% 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 € -6,722.
People and assets in 2025
€ 591
▲ 192% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 3,079
▲ 22% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,000
▼ 42% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 281,065 | € 145,776 | € 5,258 | € 24,208 | ▲ € 18,950 |
| Profit after taxes | € 9,476 | € -17,685 | € -21,748 | € 23,235 | ▲ € 44,983 |
| Equity | € 11,976 | € -5,709 | € -27,457 | € -4,222 | ▲ € 23,235 |
| Total debts | € 151,761 | € 97,170 | € 36,373 | € 14,306 | ▼ 61% |
| Cash | € 22,602 | € 14,329 | € 2,946 | € 388 | ▼ 87% |
| Retained profit | € 9,476 | € -8,209 | € -29,957 | € -6,722 | ▲ € 23,235 |
| Bank debt | € 28,554 | € 28,967 | € 0 | € 0 | |
| Balance sheet total | € 163,737 | € 91,460 | € 8,915 | € 10,083 | ▲ 13% |
Key figures of MGVD, 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 MGVD?
What happened at MGVD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 23,235. Source: NBB ↗
- New establishment in Baelen. KBO
- Start of the company according to the CBE. KBO
In short
From € 9,476 profit in 2022 to € 23,235 profit in 2025.
Paid € 3,718 in corporate taxes since 2022.
Best year ever: 2025, with € 23,235 profit.
Management
Behind MGVD are Mathilde DARTE and Gary VAN HANDENHOVE.
Directors
According to the 2025 annual accounts
Mathilde DARTE
Director
Gary VAN HANDENHOVE
Director
Establishments
Establishment units
Physical locations of this company
Rue de l'Eglise(BLN) 13 box 2
4837 Baelen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0774.290.226
- VAT number
- BE 0774.290.226
- Registered office
- Rue de l'Eglise(BLN) 13 bus 2, 4837 Baelen
- Names & denominations
- MGVD
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 September 2021
- Peppol
- Active · Active since 20 Nov 2025
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