MCVS IMMO
ActiveSummary
MCVS IMMO has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €407k and a net result of €-14k. Equity is shrinking by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 58% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2023
Profitability31▲+7
Solvency66▼-1
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity short (current ratio 0.32 against 2.22 in 2023; short-term debt: 8.4% and cash: 1.4% of total assets), and 59.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
28 d late
2023
27 d late
2022
30 d late
2021
19 d late
2020
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€407k▼ 7.5%
2023 · €440k
2020: €502khighest value
2021: €490k▼ -2.3% vs 2020
2022: €468k▼ -4.5% vs 2021
2023: €440k▼ -5.9% vs 2022
2025: €407klowest value
2020 → 2025
Total assets
€1,000k▼ 5.1%
2023 · €1.05M
2020: €609k
2021: €602k▼ -1.2% vs 2020lowest value
2022: €802k▲ +33.2% vs 2021
2023: €1.05M▲ +31.3% vs 2022highest value
2025: €1,000k
2020 → 2025
Net result
€-14k▲ 50.8%
2023 · €-28k
2020: €-18k
2021: €-11k▲ +37.7% vs 2020highest value
2022: €-22k▼ -94.6% vs 2021
2023: €-28k▼ -24.9% vs 2022lowest value
2025: €-14k
2020 → 2025
Working capital
€-57k
2023 · €82k
2020: €-103k
2021: €-105k▼ -2.1% vs 2020lowest value
2022: €-251▲ +99.8% vs 2021
2023: €82k▲ +32710% vs 2022highest value
2025: €-57k
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232025Trend
Equity€502k-€490k▼ 2.3%€468k▼ 4.5%€440k▼ 5.9%€407k▼ 7.5%
2020: €502khighest value
2021: €490k▼ -2.3% vs 2020
2022: €468k▼ -4.5% vs 2021
2023: €440k▼ -5.9% vs 2022
2025: €407klowest value
Operating result€-16k-€-9k▲ 44.9%€-15k▼ 60.7%€-15k▼ 1.3%€-290▲ 98.0%
2020: €-16klowest value
2021: €-9k▲ +44.9% vs 2020
2022: €-15k▼ -60.7% vs 2021
2023: €-15k▼ -1.3% vs 2022
2025: €-290highest value
Net result€-18k-€-11k▲ 37.7%€-22k▼ 94.6%€-28k▼ 24.9%€-14k▲ 50.8%
2020: €-18k
2021: €-11k▲ +37.7% vs 2020highest value
2022: €-22k▼ -94.6% vs 2021
2023: €-28k▼ -24.9% vs 2022lowest value
2025: €-14k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €-290 in 2025, compared with €-15k in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €1,000k
Fixed assets
€973k ▲ 7.5%
Current assets
€27k ▼ 81.9%
Equity and liabilities €1,000k
Equity
€407k ▼ 7.5%
Debt
€592k ▼ 3.3%
Debt's share of the balance-sheet total rises from 58.2% to 59.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€22k▲
2023 · €12k
Cash flow
€9k▲
2023 · €-1k
Current ratio
0.32▼
2023 · 2.22
Debt to equity
1.45▲
2023 · 1.39
ROE
-3.3%▲
2023 · -6.3%
ROA
-1.4%▲
2023 · -2.6%
Interest coverage
1.67▲
2023 · 0.99
Debt ≤ 1 year
€84k▲
2023 · €67k
Debt > 1 year
€509k▼
2023 · €546k
Income taxes
€407▼
2023 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2023 · 45 lines
Balance sheet
Code20232025
Assets
Total assets20/58€1.05M€1,000k▼
Fixed assets21/28€905k€973k▲
Tangible fixed assets22/27€905k€973k▲
Land and buildings22€532k€489k▼
Plant, machinery and equipment23€5k€4k▼
Furniture and vehicles24€2k€1k▼
Assets under construction and advance payments27€366k€479k▲
Current assets29/58€149k€27k▼
Amounts receivable within one year40/41€5k€12k▲
Trade receivables40€2k€6k▲
Other amounts receivable41€3k€6k▲
Cash at bank and in hand54/58€143k€14k▼
Deferred charges and accrued income490/1€390€711▲
Equity and liabilities
Total equity and liabilities10/49€1.05M€1,000k▼
Equity10/15€440k€407k▼
Contributions10/11€520k€520k=
Capital10€520k€520k=
Issued capital100€520k€520k=
Profit (loss) carried forward14€-80k€-113k▼
Amounts payable17/49€613k€592k▼
Amounts payable after more than one year17€546k€509k▼
Financial debts170/4€546k€509k▼
Amounts payable within one year42/48€67k€84k▲
Current portion of amounts payable after more than one year42€18k€19k▲
Trade debts44€1k€3k▲
Suppliers440/4€1k€3k▲
Advances received on contracts in progress46-€20k
Taxes, remuneration and social security45€1k€2k▲
Taxes450/3€1k€2k▲
Other amounts payable47/48€46k€41k▼
Income statement
Code20232025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€23k▼
Other operating charges640/8€5k€5k▲
Non-recurring operating charges66A-€111
Gross operating margin9900€16k€28k▲
Operating profit (loss)9901€-15k€-290▲
Financial income75/76B€302€372▲
Recurring financial income75€302€372▲
Financial charges65/66B€12k€13k▲
Recurring financial charges65€12k€13k▲
Profit (loss) for the period before taxes9903€-26k€-13k▲
Income taxes67/77€1k€407▼
Profit (loss) for the period9904€-28k€-14k▲
Profit (loss) for the period to be appropriated9905€-28k€-14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-80k€-113k▼
Profit (loss) brought forward from the previous period14P€-52k€-99k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €166 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €26k | €26k | €27k | €23k | - |
| Other operating charges640/8 | - | €5k | €4k | €5k | €5k | - |
| Non-recurring operating charges66A | - | - | - | - | €111 | - |
| Gross operating margin9900 | €-9k | €21k | €16k | €16k | €28k | - |
| Operating profit (loss)9901 | €-16k | €-9k | €-15k | €-15k | €-290 | - |
| Financial income75/76B | - | €1 | €0 | €302 | €372 | - |
| Recurring financial income75 | €0 | €1 | €0 | €302 | €372 | - |
| Financial charges65/66B | - | €2k | €8k | €12k | €13k | - |
| Recurring financial charges65 | €2k | €2k | €8k | €12k | €13k | - |
| Non-recurring financial charges66B | - | €1 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €-18k | €-11k | €-22k | €-26k | €-13k | - |
| Income taxes67/77 | - | - | - | €1k | €407 | - |
| Profit (loss) for the period9904 | €-18k | €-11k | €-22k | €-28k | €-14k | - |
| Profit (loss) for the period to be appropriated9905 | €-18k | €-11k | €-22k | €-28k | €-14k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €609k | €602k | €802k | €1.05M | €1,000k | - |
| Fixed assets21/28 | €605k | €595k | €766k | €905k | €973k | - |
| Tangible fixed assets22/27 | €605k | €595k | €766k | €905k | €973k | - |
| Land and buildings22 | - | €569k | €553k | €532k | €489k | - |
| Plant, machinery and equipment23 | - | €4k | €6k | €5k | €4k | - |
| Furniture and vehicles24 | - | €7k | €3k | €2k | €1k | - |
| Assets under construction and advance payments27 | - | €16k | €204k | €366k | €479k | - |
| Current assets29/58 | €4k | €6k | €36k | €149k | €27k | - |
| Amounts receivable within one year40/41 | €3k | €328 | €18k | €5k | €12k | - |
| Trade receivables40 | - | €328 | €14k | €2k | €6k | - |
| Other amounts receivable41 | - | - | €4k | €3k | €6k | - |
| Cash at bank and in hand54/58 | €632 | €6k | €16k | €143k | €14k | - |
| Deferred charges and accrued income490/1 | - | €317 | €1k | €390 | €711 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €609k | €602k | €802k | €1.05M | €1,000k | - |
| Equity10/15 | €502k | €490k | €468k | €440k | €407k | - |
| Contributions10/11 | €520k | €520k | €520k | €520k | €520k | - |
| Capital10 | - | €520k | €520k | €520k | €520k | - |
| Issued capital100 | - | €520k | €520k | €520k | €520k | - |
| Profit (loss) carried forward14 | €-18k | €-30k | €-52k | €-80k | €-113k | - |
| Amounts payable17/49 | €107k | €112k | €334k | €613k | €592k | - |
| Amounts payable after more than one year17 | - | - | €298k | €546k | €509k | - |
| Financial debts170/4 | - | - | €298k | €546k | €509k | - |
| Amounts payable within one year42/48 | €107k | €112k | €36k | €67k | €84k | - |
| Current portion of amounts payable after more than one year42 | - | €72k | €6k | €18k | €19k | - |
| Trade debts44 | €4k | €4k | €259 | €1k | €3k | - |
| Suppliers440/4 | - | €4k | €259 | €1k | €3k | - |
| Advances received on contracts in progress46 | - | - | - | - | €20k | - |
| Taxes, remuneration and social security45 | - | - | €19 | €1k | €2k | - |
| Taxes450/3 | - | - | €19 | €1k | €2k | - |
| Other amounts payable47/48 | - | €35k | €30k | €46k | €41k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-18k | €-11k | €-22k | €-28k | €-14k | - |
| + Depreciation and write-downs630 | €6k | €26k | €26k | €27k | €23k | - |
| Operating cash flow (approximation) | €-12k | €14k | €4k | €-1k | €9k | - |
| Investment in fixed assets (approximation) | - | €-16k | €-197k | €-165k | - | - |
| Change in cash | - | €5k | €10k | €127k | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Weakest financial yearnet €-28k
Net result drops to €-28k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 2.22
Current ratio from 0.99 to 2.22.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Mons · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Av. Champ de Bataille (Jem. II) 6707012 Mons1 establishment unit
MCVS IMMO
since 20202.297.609.207
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 4,914 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded02-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68322Real estate appraisal on a fee or contract basis
71121Engineering and related technical consultancy, excluding land surveyors
71209Other technical testing and analysis
95220Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Contact
E-mail
mcvs-immo@hotmail.com
Phone
0475814229
Scores and ratios are computed by Checked and are not a credit decision.