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MVLT

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Financial year 2025 · closed on 31/12/2025

Net result

903,7 €

-41.1% YoY

Gross margin

49,3 k €

+2.2% YoY

Equity

625,7 k €

+0.1% YoY

What does MVLT do?

MVLT is a Public limited company incorporated in 2006. Its registered office is in Forest.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0878.343.710

Incorporation

04/01/2006

Legal form

Public limited company

Registered office

Avenue Kersbeek 277
1190 Forest · BruxellesSee on map

Contributed capital

650 000,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2018		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	49,3 k €	+2.2%	48,3 k €	+10.7%	43,6 k €	+33.7%	32,6 k €	+163%	12,4 k €	-66.2%	36,8 k €	-22.4%	47,4 k €	-37.7%	76,1 k €	-5.6%	80,5 k €	-6.8%	86,4 k €	+5.5%	81,9 k €	+80.0%	45,5 k €	-12.0%	51,7 k €	+0.6%	51,4 k €	+9.7%	46,9 k €	-16.2%	55,9 k €	+13.4%	49,3 k €
EBITDA	41,5 k €	+0.4%	41,3 k €	+12.0%	36,9 k €	+38.0%	26,7 k €	+335%	6,1 k €	-80.1%	30,9 k €	-27.4%	42,6 k €	-40.3%	71,4 k €	-5.9%	75,9 k €	-7.9%	82,4 k €	+5.6%	78 k €	+83.4%	42,6 k €	-12.9%	48,9 k €	+0.6%	48,6 k €	+10.1%	44,1 k €	-17.1%	53,2 k €	+12.6%	47,3 k €
Operating result	1,9 k €	-33.5%	2,9 k €	+39.6%	2 k €	+152%	-4 k €	+83.9%	-24,6 k €	-2627%	-900,4 €	-109%	9,7 k €	-72.8%	35,7 k €	+9.8%	32,5 k €	-16.6%	39 k €	+10.4%	35,3 k €	+1295%	-3 k €	-1547%	-179,5 €	-230%	-54,5 €	+98.7%	-4,1 k €	-182%	5 k €	+130%	-16,7 k €
Net result	903,7 €	-41.1%	1,5 k €	+553%	234,9 €	+104%	-6,1 k €	+77.6%	-27,1 k €	-222%	-8,4 k €	-753%	-985,8 €	-101%	114,3 k €	+534%	18 k €	-27.1%	24,8 k €	+31.3%	18,9 k €	+220%	-15,7 k €	-15.3%	-13,6 k €	+5.6%	-14,4 k €	+27.7%	-19,9 k €	-3.6%	-19,2 k €	+40.3%	-32,2 k €
Balance sheet
Equity	625,7 k €	+0.1%	624,8 k €	+0.2%	623,3 k €	+0.0%	623,1 k €	-1.0%	629,1 k €	-9.3%	693,3 k €	-1.1%	701,1 k €	-0.1%	702,1 k €	+19.4%	587,8 k €	+3.2%	569,8 k €	+4.5%	545 k €	+3.6%	526,2 k €	-2.9%	541,8 k €	-2.4%	555,4 k €	-2.5%	569,8 k €	-4.8%	598,7 k €	-3.1%	617,8 k €
Total assets	688,3 k €	-2.7%	707,8 k €	+1.0%	701,1 k €	+1.4%	691,4 k €	-3.0%	712,9 k €	-16.3%	852,3 k €	-10.4%	951 k €	-5.5%	1 M €	+5.9%	950,9 k €	-2.9%	978,9 k €	-2.5%	1 M €	-3.1%	1 M €	+7.1%	967,1 k €	-3.5%	1 M €	-3.5%	1 M €	-3.5%	1,1 M €	-3.6%	1,1 M €
Cash	23 k €	+224%	7,1 k €	+416%	1,4 k €	-97.0%	46,5 k €	+34.8%	34,5 k €	+2.4%	33,7 k €	-71.7%	118,9 k €	+34.7%	88,3 k €	+85.2%	47,7 k €	+47.5%	32,3 k €	+82.6%	17,7 k €	+234%	5,3 k €	-7.0%	5,7 k €	-25.6%	7,7 k €	-80.6%	39,6 k €	+34.9%	29,3 k €	+39.0%	21,1 k €
Debts	62,6 k €	-24.5%	83 k €	+6.7%	77,8 k €	+13.9%	68,3 k €	-18.5%	83,8 k €	-47.3%	158,9 k €	-36.4%	249,8 k €	-17.9%	304,1 k €	-16.2%	363,1 k €	-11.3%	409,1 k €	-10.9%	459 k €	-9.9%	509,5 k €	+19.8%	425,2 k €	-4.9%	447,1 k €	-4.6%	468,8 k €	-1.9%	477,8 k €	-4.2%	498,6 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 15 ended

Active mandates

MICHAEL LEUNG

Managing director · since 26 mai 2023

Active

Ended mandates

Chun Chan Fang

Director · since 21 juin 2017 · until 21 juin 2023

Ended

Chun Chan Fang

Manager · since 21 juin 2017 · until 21 juin 2023

Ended

Fang Chun Chan

Director · since 21 juin 2017 · until 21 juin 2023

Ended

Lim Tung LEUNG

Managing director · since 21 juin 2017 · until 21 juin 2023

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro 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	17/03/2026	07/07/2025	13/09/2024	26/05/2023	25/08/2022	05/07/2021
General meeting	17/03/2026	07/07/2025	13/09/2024	26/05/2023	25/08/2022	16/06/2021
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
Micro model	31/12/2025	17/03/2026	17/03/2026	French	PDF
Micro model	31/12/2024	07/07/2025	07/07/2025	French	PDF
Micro model	31/12/2023	13/09/2024	13/09/2024	French	PDF
Micro model	31/12/2022	26/05/2023	26/05/2023	French	PDF
Micro model	31/12/2021	25/08/2022	25/08/2022	French	PDF
Micro model	31/12/2020	16/06/2021	05/07/2021	French	PDF
Micro model	31/12/2019	17/06/2020	17/07/2020	French	PDF
Micro model	31/12/2018	19/06/2019	30/08/2019	French	PDF
Micro model	31/12/2017	20/06/2018	23/08/2018	French	PDF
Micro model	31/12/2016	21/06/2017	30/08/2017	French	PDF
Abridged model	31/12/2015	15/06/2016	03/08/2016	French	PDF
Abridged model	31/12/2014	17/06/2015	11/08/2015	French	PDF
Abridged model	31/12/2013	18/06/2014	19/08/2014	French	PDF
Abridged model	31/12/2012	19/06/2013	24/09/2013	French	PDF
Abridged model	31/12/2011	20/06/2012	27/06/2012	French	PDF
Abridged model	31/12/2010	15/06/2011	19/08/2011	French	PDF
Abridged model	31/12/2009	16/06/2010	31/08/2010	French	PDF
Abridged model	31/12/2008	17/06/2009	25/06/2009	French	PDF
Abridged model	31/12/2007	18/06/2008	14/07/2008	French	PDF
Abridged model	31/12/2006	20/06/2007	25/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 15 ended

Active mandates

MICHAEL LEUNG

Managing director · since 26 mai 2023

Active

Ended mandates

Chun Chan Fang

Director · since 21 juin 2017 · until 21 juin 2023

Ended

Chun Chan Fang

Manager · since 21 juin 2017 · until 21 juin 2023

Ended

Fang Chun Chan

Director · since 21 juin 2017 · until 21 juin 2023

Ended

Lim Tung LEUNG

Managing director · since 21 juin 2017 · until 21 juin 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/06/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates16/01/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates15/07/2011
DEMISSIONS, NOMINATIONS
PDF
Registered office28/01/2008
SIEGE SOCIAL
PDF
Other13/01/2006
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 2025903,7 €↓
2024
Annual accounts 20241,5 k €↑
2023
Annual accounts 2023234,9 €↑
2022
Annual accounts 2022-6,1 k €↑
2021
Annual accounts 2021-27,1 k €↓
2018
Annual accounts 2018-8,4 k €↓
2016
Annual accounts 2016-985,8 €↓
2015
Annual accounts 2015114,3 k €↑
2014
Annual accounts 201418 k €↓
2013
Annual accounts 201324,8 k €↑
2012
Annual accounts 201218,9 k €↑
2011
Annual accounts 2011-15,7 k €↓
2010
Annual accounts 2010-13,6 k €↑
2009
Annual accounts 2009-14,4 k €↑
2008
Annual accounts 2008-19,9 k €↓
2007
Annual accounts 2007-19,2 k €↑
2006
Annual accounts 2006-32,2 k €
04/01/2006
IncorporationPublic 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

MVLT

Overview

What does MVLT do?

Trend over 17 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