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MVH Security

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Financial year 2025 · closed on 30/12/2025

Net result

54,1 k €

+206.5% YoY

Gross margin

1,6 M €

+22.3% YoY

Equity

649,5 k €

+9.1% YoY

Workforce

14,6 ETP

+2.1% YoY

What does MVH Security do?

MVH Security is a Private limited company incorporated in 1992. Its registered office is in Sint-Niklaas. It employs on average 14,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0447.061.320

Incorporation

03/04/1992

Legal form

Private limited company

Registered office

Oostjachtpark 17
9100 Sint-Niklaas · FlandreSee on map

Contributed capital

294 000,00 €

Latest accounts

30/12/2025

Average workforce

14,6 ETP

Joint committees (3)

14901
200
218

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2015		2014		2013		2012		2010		2009		2008		2007		2006
Income statement
Gross margin	1,6 M €	+22.3%	1,3 M €	+7.2%	1,2 M €	+15.5%	1,1 M €	+23.9%	863,1 k €	-23.9%	1,1 M €	+96.0%	578,6 k €	-2.5%	593,3 k €	-43.4%	1 M €	+123%	469,2 k €	+6.9%	439,1 k €	+17.7%	373,2 k €	-1.7%	379,6 k €	-12.3%	432,8 k €	-11.7%	490,3 k €	+30.7%	375,1 k €	+25.4%	299,2 k €	-25.3%	400,8 k €
EBITDA	374,3 k €	+39.8%	267,8 k €	-8.1%	291,5 k €	+21.5%	239,9 k €	-3.4%	248,2 k €	-55.0%	551,5 k €	+714%	67,8 k €	-42.5%	118 k €	-44.5%	212,4 k €	+77.9%	119,4 k €	+0.1%	119,3 k €	+24.7%	95,6 k €	-37.8%	153,8 k €	+15.1%	133,6 k €	-35.7%	207,9 k €	+40.8%	147,7 k €	+60.5%	92 k €	-22.3%	118,5 k €
Operating result	100,5 k €	+378%	-36,1 k €	-351%	14,4 k €	+16.3%	12,4 k €	-79.7%	61 k €	-83.6%	372,9 k €	+58442%	637 €	-96.4%	17,7 k €	-14.7%	20,8 k €	-48.2%	40 k €	-39.6%	66,3 k €	+93.2%	34,3 k €	-62.6%	91,8 k €	+43.4%	64 k €	-49.9%	127,8 k €	+76.6%	72,4 k €	+1023%	6,4 k €	-85.3%	44 k €
Net result	54,1 k €	+206%	-50,8 k €	-1223%	4,5 k €	+38.9%	3,3 k €	-92.2%	41,8 k €	-83.3%	250,1 k €	+14225%	1,7 k €	-89.2%	16,2 k €	-39.8%	26,9 k €	-36.7%	42,6 k €	-16.1%	50,7 k €	+65.2%	30,7 k €	-50.8%	62,4 k €	+62.9%	38,3 k €	-40.0%	63,9 k €	+79.1%	35,7 k €	+282%	9,3 k €	-62.2%	24,7 k €
Balance sheet
Equity	649,5 k €	+9.1%	595,4 k €	-25.2%	796,2 k €	+0.6%	791,7 k €	+0.4%	788,4 k €	+5.6%	746,6 k €	+36.6%	546,5 k €	+0.3%	544,7 k €	+3.1%	528,5 k €	+5.4%	501,6 k €	+9.3%	459 k €	+12.4%	408,3 k €	+0.0%	408,1 k €	+26.5%	322,6 k €	-5.2%	340,2 k €	+23.1%	276,3 k €	+14.8%	240,6 k €	+4.0%	231,3 k €
Total assets	2,3 M €	+1.5%	2,2 M €	-16.7%	2,7 M €	+21.2%	2,2 M €	-4.0%	2,3 M €	+0.4%	2,3 M €	+26.2%	1,8 M €	+56.3%	1,2 M €	+51.5%	765,1 k €	+2.3%	747,7 k €	+19.8%	624,4 k €	+17.4%	531,6 k €	-13.3%	613,2 k €	-8.6%	670,8 k €	-8.6%	733,6 k €	+5.5%	695,2 k €	-1.4%	705,3 k €	-3.6%	731,6 k €
Cash	394 k €	+49.6%	263,3 k €	+9.1%	241,3 k €	-19.2%	298,5 k €	-12.9%	342,8 k €	+55.6%	220,2 k €	+163%	83,8 k €	-50.0%	167,5 k €	-1.9%	170,8 k €	-20.6%	215 k €	+21.3%	177,2 k €	+246%	51,3 k €	-55.2%	114,4 k €	+228%	34,8 k €	+78.0%	19,6 k €	-7.3%	21,1 k €	+49.9%	14,1 k €	+1079%	1,2 k €
Debts	1,6 M €	-1.2%	1,6 M €	-8.1%	1,8 M €	+25.4%	1,4 M €	-3.0%	1,5 M €	-4.6%	1,5 M €	+20.6%	1,3 M €	+108%	607,8 k €	+172%	223,6 k €	-4.4%	234 k €	+83.8%	127,3 k €	+3.2%	123,4 k €	-38.3%	200,1 k €	-42.5%	348,2 k €	-10.5%	389 k €	-5.7%	412,3 k €	-11.3%	464,7 k €	-7.1%	500,2 k €
Other
Workforce	14,6 ETP	+2.1%	14,3 ETP	+10.9%	12,9 ETP	0.0%	12,9 ETP	+34.4%	9,6 ETP	-18.6%	11,8 ETP	+28.3%	9,2 ETP	+17.9%	7,8 ETP	-20.4%	9,8 ETP	+34.2%	7,3 ETP	+10.6%	6,6 ETP	+10.0%	6,0 ETP	+22.4%	4,9 ETP	-33.8%	7,4 ETP	+15.6%	6,4 ETP	+23.1%	5,2 ETP	0.0%	5,2 ETP	-29.7%	7,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/12/2025 · 3 active · 15 ended

Active mandates

Jetty Van de Walle

Director · since 26 juin 2020

Active

Marc Van Haute

Director · since 26 juin 2020

Active

Tom Van Haute

Director · since 26 juin 2020

Active

Ended mandates

Jetty Mevrouw VAN DE WALLE

Director · since 26 juin 2020

Ended

Jetty Mevrouw VAN DE WALLE

Managing director · since 26 juin 2020

Ended

Marc De Heer VAN HAUTE

Director · since 26 juin 2020

Ended

Marc De Heer VAN HAUTE

Managing director · since 26 juin 2020

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Closing of the financial year	30/12/2025	30/12/2024	30/12/2023	30/12/2022	30/12/2021	30/12/2020
Length of the financial year	13 months	13 months	13 months	13 months	13 months	13 months
Filing date	12/06/2026	17/06/2025	07/06/2024	27/06/2023	28/06/2022	01/07/2021
General meeting	01/06/2026	02/06/2025	07/06/2024	02/06/2023	03/06/2022	04/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/12/2025	01/06/2026	12/06/2026	Dutch	PDF
Abridged model	30/12/2024	02/06/2025	17/06/2025	Dutch	PDF
Abridged model	30/12/2023	07/06/2024	07/06/2024	Dutch	PDF
Abridged model	30/12/2022	02/06/2023	27/06/2023	Dutch	PDF
Abridged model	30/12/2021	03/06/2022	28/06/2022	Dutch	PDF
Abridged model	30/12/2020	04/06/2021	01/07/2021	Dutch	PDF
Abridged model	30/12/2019	05/06/2020	30/06/2020	Dutch	PDF
Abridged model	30/12/2018	07/06/2019	28/06/2019	Dutch	PDF
Abridged model	30/12/2017	01/06/2018	22/06/2018	Dutch	PDF
Abridged model	31/12/2015	03/06/2016	01/07/2016	Dutch	PDF
Abridged model	31/12/2014	05/06/2015	30/06/2015	Dutch	PDF
Abridged model	31/12/2013	06/06/2014	26/06/2014	Dutch	PDF
Abridged model	31/12/2012	07/06/2013	24/06/2013	Dutch	PDF
Abridged model	31/12/2011	01/06/2012	28/06/2012	Dutch	PDF
Abridged model	31/12/2010	03/06/2011	28/06/2011	Dutch	PDF
Abridged model	31/12/2009	04/06/2010	28/06/2010	Dutch	PDF
Abridged model	31/12/2008	05/06/2009	29/06/2009	Dutch	PDF
Abridged model	31/12/2007	06/06/2008	27/06/2008	Dutch	PDF
Abridged model	31/12/2006	01/06/2007	29/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/12/2025 · 3 active · 15 ended

Active mandates

Jetty Van de Walle

Director · since 26 juin 2020

Active

Marc Van Haute

Director · since 26 juin 2020

Active

Tom Van Haute

Director · since 26 juin 2020

Active

Ended mandates

Jetty Mevrouw VAN DE WALLE

Director · since 26 juin 2020

Ended

Jetty Mevrouw VAN DE WALLE

Managing director · since 26 juin 2020

Ended

Marc De Heer VAN HAUTE

Director · since 26 juin 2020

Ended

Marc De Heer VAN HAUTE

Managing director · since 26 juin 2020

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/07/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares15/02/2018
KAPITAAL - AANDELEN - DIVERSEN
PDF
Other01/02/2017
ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates25/08/2016
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares08/01/2014
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates26/04/2010
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates29/05/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/06/2004
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202554,1 k €↑
2024
Annual accounts 2024-50,8 k €↓
2023
Annual accounts 20234,5 k €↑
2022
Annual accounts 20223,3 k €↓
2021
Annual accounts 202141,8 k €↓
2020
Annual accounts 2020250,1 k €↑
2019
Annual accounts 20191,7 k €↓
2018
Annual accounts 201816,2 k €↓
2017
Annual accounts 201726,9 k €↓
2015
Annual accounts 201542,6 k €↓
2014
Annual accounts 201450,7 k €↑
2013
Annual accounts 201330,7 k €↓
2012
Annual accounts 201262,4 k €↑
2010
Annual accounts 201038,3 k €↓
2009
Annual accounts 200963,9 k €↑
2008
Annual accounts 200835,7 k €↑
2007
Annual accounts 20079,3 k €↓
2006
Annual accounts 200624,7 k €
03/04/1992
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

MVH Security

Overview

What does MVH Security do?

Trend over 18 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline