ACTIVE

MPV

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Financial year 2025 · closed on 31/12/2025

Net result

19 k €

+17.0% YoY

Gross margin

37,8 k €

+10.8% YoY

Equity

91,7 k €

-11.7% YoY

What does MPV do?

MPV is a Private limited company incorporated in 1994. Its main activity is: Activities of holding companies. Its registered office is in Evergem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0453.673.552

Incorporation

03/11/1994

Legal form

Private limited company

Registered office

Dellaertsdreef 9
9940 Evergem · FlandreSee on map

Contributed capital

18 592,01 €

Latest accounts

31/12/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 47690Retail sale of cultural and recreation goods in specialised stores 47787Other retail sale of new goods in specialised stores 47789Other retail sale of new goods in specialised stores 47990Other retail sale not in stores, stalls or markets+7

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	37,8 k €	+10.8%	34,1 k €	+69.0%	20,2 k €	-21.6%	25,7 k €	-4.2%	26,9 k €	+88.9%	14,2 k €	-52.8%	30,2 k €	+12.5%	26,8 k €	+27.9%	21 k €	+59.8%	13,1 k €	+83.8%	7,1 k €	-39.3%	11,8 k €	-49.4%	23,3 k €	+12.9%	20,6 k €	-35.7%	32 k €	+49.5%	21,4 k €	+2.2%	21 k €	-22.4%	27 k €	+403%	5,4 k €	+673%	-937,3 €
EBITDA	37,1 k €	+10.9%	33,5 k €	+71.1%	19,6 k €	-22.3%	25,2 k €	-4.3%	26,3 k €	+93.6%	13,6 k €	-53.4%	29,2 k €	+12.9%	25,8 k €	+29.3%	20 k €	+64.5%	12,1 k €	+133%	5,2 k €	-46.2%	9,7 k €	-54.0%	21,1 k €	+11.8%	18,9 k €	-35.2%	29,1 k €	+47.6%	19,7 k €	+2.4%	19,3 k €	-24.0%	25,4 k €	+645%	3,4 k €	+26.0%	2,7 k €
Operating result	27,9 k €	+15.9%	24,1 k €	+80.6%	13,3 k €	-31.9%	19,6 k €	-5.5%	20,7 k €	+159%	8 k €	-64.6%	22,6 k €	+11.7%	20,2 k €	+45.2%	13,9 k €	+203%	4,6 k €	+320%	-2,1 k €	-179%	2,6 k €	-81.3%	14 k €	+21.4%	11,6 k €	-43.2%	20,3 k €	+86.1%	10,9 k €	+4.3%	10,5 k €	-36.7%	16,5 k €	+461%	-4,6 k €	-270%	2,7 k €
Net result	19 k €	+17.0%	16,3 k €	+71.2%	9,5 k €	-30.1%	13,6 k €	-2.7%	14 k €	+216%	4,4 k €	-69.7%	14,6 k €	+16.6%	12,5 k €	+75.3%	7,1 k €	+5099%	137,2 €	+28.0%	107,2 €	+107%	-1,5 k €	-123%	6,7 k €	+51.2%	4,4 k €	-61.6%	11,6 k €	+218%	3,6 k €	+19.3%	3,1 k €	-69.6%	10,1 k €	+212%	-9 k €	-415%	2,8 k €
Balance sheet
Equity	91,7 k €	-11.7%	103,8 k €	+1.6%	102,2 k €	-2.1%	104,4 k €	+7.3%	97,2 k €	+15.7%	84,1 k €	+5.5%	79,6 k €	+22.4%	65,1 k €	+21.9%	53,4 k €	+13.8%	46,9 k €	+0.3%	46,8 k €	+0.2%	46,7 k €	-3.2%	48,2 k €	+16.2%	41,5 k €	+12.0%	37 k €	+45.5%	25,4 k €	+16.7%	21,8 k €	+16.3%	18,7 k €	+116%	8,7 k €	-24.2%	11,5 k €
Total assets	137,8 k €	+5.8%	130,3 k €	-0.6%	131,1 k €	+10.8%	118,4 k €	-5.5%	125,3 k €	+9.9%	114 k €	-1.3%	115,6 k €	+12.1%	103 k €	+3.7%	99,4 k €	+1.4%	98 k €	-9.0%	107,8 k €	-14.3%	125,8 k €	+3.6%	121,4 k €	-2.7%	124,8 k €	+2.9%	121,2 k €	+5.5%	114,9 k €	-2.9%	118,3 k €	+1.5%	116,5 k €	+8.5%	107,4 k €	+814%	11,8 k €
Cash	93,9 k €	+17.5%	79,9 k €	+6.0%	75,4 k €	+469%	13,3 k €	-82.2%	74,4 k €	+38.6%	53,6 k €	+22.4%	43,8 k €	+58.4%	27,7 k €	+180%	9,9 k €	+32.6%	7,4 k €	-44.9%	13,5 k €	+91.0%	7,1 k €	-79.6%	34,6 k €	-37.7%	55,6 k €	+56.8%	35,5 k €	+108%	17 k €	+662%	2,2 k €	-57.1%	5,2 k €	+40.3%	3,7 k €	-19.5%	4,6 k €
Debts	46,2 k €	+74.5%	26,5 k €	-5.4%	28 k €	+99.4%	14 k €	-50.0%	28,1 k €	-6.4%	30 k €	-16.5%	35,9 k €	-5.4%	38 k €	-17.0%	45,8 k €	-10.5%	51,1 k €	-15.8%	60,7 k €	-23.0%	78,9 k €	+7.8%	73,2 k €	-12.2%	83,3 k €	-1.1%	84,2 k €	-5.9%	89,5 k €	-7.2%	96,5 k €	-1.4%	97,8 k €	-1.0%	98,7 k €	+34523%	285,2 €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

MARC MESTDAGH

Director

Active

Ended mandates

Marc Mestdagh

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Advocatenkantoor Larmuseau@Omgevingsrecht● Active	0800.720.449

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	25/06/2026	10/06/2025	29/04/2024	12/06/2023	22/06/2022	18/06/2021
General meeting	06/06/2026	07/06/2025	13/03/2024	03/06/2023	04/06/2022	05/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	06/06/2026	25/06/2026	Dutch	PDF
Abridged model	31/12/2024	07/06/2025	10/06/2025	Dutch	PDF
Abridged model	31/12/2023	13/03/2024	29/04/2024	Dutch	PDF
Micro model	31/12/2022	03/06/2023	12/06/2023	Dutch	PDF
Micro model	31/12/2021	04/06/2022	22/06/2022	Dutch	PDF
Micro model	31/12/2020	05/06/2021	18/06/2021	Dutch	PDF
Micro model	31/12/2019	06/06/2020	11/06/2020	Dutch	PDF
Micro model	31/12/2018	01/06/2019	24/06/2019	Dutch	PDF
Micro model	31/12/2017	02/06/2018	29/08/2018	Dutch	PDF
Micro model	31/12/2016	03/06/2017	30/06/2017	Dutch	PDF
Abridged model	31/12/2015	04/06/2016	14/06/2016	Dutch	PDF
Abridged model	31/12/2014	06/06/2015	03/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	22/07/2014	Dutch	PDF
Abridged model	31/12/2012	01/06/2013	11/06/2013	Dutch	PDF
Abridged model	31/12/2011	02/06/2012	26/06/2012	Dutch	PDF
Abridged model	31/12/2010	04/06/2011	21/06/2011	Dutch	PDF
Abridged model	31/12/2009	05/06/2010	14/06/2010	Dutch	PDF
Abridged model	31/12/2008	06/06/2009	09/06/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	15/07/2008	Dutch	PDF
Abridged model	31/12/2006	02/06/2007	29/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 31/12/2025 · 1 active · 1 ended

Active mandates

MARC MESTDAGH

Director

Active

Ended mandates

Marc Mestdagh

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/11/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Other21/11/2007
DIVERSEN
PDF
Mandates13/02/2007
MAATSCHAPPELIJKE ZETEL - BENAMING - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates10/05/2006
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 202519 k €↑
2024
Annual accounts 202416,3 k €↑
2023
Annual accounts 20239,5 k €↓
2022
Annual accounts 202213,6 k €↓
2021
Annual accounts 202114 k €↑
2020
Annual accounts 20204,4 k €↓
2019
Annual accounts 201914,6 k €↑
2018
Annual accounts 201812,5 k €↑
2017
Annual accounts 20177,1 k €↑
2016
Annual accounts 2016137,2 €↑
2015
Annual accounts 2015107,2 €↑
2014
Annual accounts 2014-1,5 k €↓
2013
Annual accounts 20136,7 k €↑
2012
Annual accounts 20124,4 k €↓
2011
Annual accounts 201111,6 k €↑
2010
Annual accounts 20103,6 k €↑
2009
Annual accounts 20093,1 k €↓
2008
Annual accounts 200810,1 k €↑
2007
Annual accounts 2007-9 k €↓
2006
Annual accounts 20062,8 k €
03/11/1994
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

MPV

Overview

What does MPV do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

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