Debts
€385,027 84% of the balance sheet
Financial debts 57%Suppliers 1%Taxes and wages 7%Other 35%
Of this, €172,697 falls due within a year.
MDS Management
Lifetime
10 annual accounts with figures on one time axispeak €92,754 (2025)
€92,754▲ 180%
lowest -€5,195 (2021)
€44,083▲ 12×
peak €73,292 (2025)
€73,292▲ 151%
€385,027▼ 7.7%
Board1 name since 2015
1 directorDE SMET Michaël Frederick
Documentsfilings and deeds
29-07-20262 days before the deadline
2025micro format
Gross margin from €33,088 to €92,754Result from €3,721 to €44,083Equity from €29,209 to €73,292Cash from €6,706 to €16,062
Key points
from the 2025 annual accountsFilings
10 annual accounts 6 late
The 2021 accounts came latest: 30 days after the end of the period.
Position in the sector
16.0%
Lower solvency than 81% of companies in architecture and engineering. Sector median 53.9% · 11,794 companies.
Checked score
93
Excellent
Financially stronger than 45% of micro companies in architecture and engineering (NACE 71)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 14,829 companies (NACE 71, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.5%● unchanged vs 03-2025
05-2025: 0.6%▲ +0.1 percentage points vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.7%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.5%▼ -0.2 percentage points vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.2%▼ -0.3 percentage points vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.1%▼ -0.1 percentage points vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.47, cash €16,062
lowers risk
Size: total assets €458,319
Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
Figures for financial year 2025 (filed on 29-07-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, micro). It does better than 19% of them on solvency, 17% on liquidity, 50% on profitability and 94% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,609 companies had the same profile as MDS Management has now. Each dot stands for 7 companies, two years later.
96.8%
were still trading
2.1%
stopped another way
1.0%
went bankrupt
That fits the bankruptcy probability of MDS Management itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,609 companies, not a prediction for MDS Management. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €6,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.47 (0.31 in 2024), below 1. Short-term debt is 37.7% and cash 3.5% of total assets. 84% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 11794 sector peers (2025).
NBB · sector comparisonPosition among 11794 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 days early
2024
15 days early
2023
5 days early
2022
25 days late
2021
30 days late
2020
10 days late
2019
27 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 10 days after the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved within Antwerp
New registered office: Dolfijnstraat 42, 2018 Antwerpen · Previous registered office: Boomgaardstraat 183, 2018 Antwerpen · Permanent representatives: Johan Jacobs, Kris Bolien, Sylvie van Mol and Greet Slegers · Board meeting of 01-04-2024 · Gazette deed
Change of role: DE SMET Michaël Frederick, from manager to director
Director discharge: DE SMET Michaël Frederick · General meeting of 06-03-2024 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0639810119
Registered office moved within Antwerp
New registered office: Boomgaardstraat 183 2018 Antwerpen · Previous registered office: Lange Leemstraat 372, 2018 Antwerpen · Board meeting of 01-10-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MDS Management Antwerp | €458,319 | €92,754 | 16.0% | - |
| Ingenieursbureau Detemmerman Mechelen | €452,433 | €102,124 | 84.4% | - |
| MEESTERS ENGINEERING Geel | €384,272 | €87,226 | 95.7% | - |
| RIEMERS Antwerp | €393,275 | €83,430 | 34.6% | - |
| EKADER Bonheiden | €509,866 | €85,333 | 71.0% | - |
| MOCCO Balen | €548,924 | €98,658 | 36.9% | - |
| AB&C Boom | €420,541 | €91,499 | 29.8% | - |
These companies have the same main activity as MDS Management: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €384,000 and €549,000, founded between 2014 and 2017.
Official details
Source: KBO- Status
- Active since 01-10-2015Normal situation
- Activity
- Engineering and related technical consultancy, excluding land surveyorsNACE 71121and 3 others
- Establishment unit
- 2.249.507.2042018 Antwerp, since 01-10-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Annual accounts 2025
- ≈ €200,000estimated
- €458,319▲ 2.6%
- Filing
- Filed on 29-07-2026, 2 days before the end of the filing period
Insights on MDS Management
MDS Management files the micro format. That format states no turnover. The gross margin rose from €14,774 in 2016 to €92,754 in 2025.
The balance sheet grew most from 2018 to 2020 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MDS Management
- What is the company number of MDS Management?
- The company number of MDS Management is 0639.810.119. The VAT number is the same number with BE in front: BE 0639.810.119.
- Where is MDS Management based?
- The registered office is at Dolfijnstraat 42, 2018 Antwerp.Company details
- What does MDS Management do?
- According to the KBO register, the main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121).
- What is the legal form of MDS Management?
- MDS Management is a private limited company (BV).
- When was MDS Management founded?
- MDS Management was founded on 01-10-2015.
- Is MDS Management still active?
- Yes, MDS Management is an active enterprise in the KBO register.
- What is the turnover of MDS Management?
- The turnover in financial year 2025 is ≈ €200,000. This figure is estimated from the gross margin of €92,754 and 45 comparable companies (NACE 711). It probably lies between €150,000 and €270,000.Financials
- Is MDS Management profitable?
- In financial year 2025, MDS Management made a profit of €44,083.
- Where can I find the annual accounts of MDS Management?
- MDS Management filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MDS Management due?
- MDS Management must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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