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M.D.

Active
Private limited companyfounded 1988active for 37 yearsStalingradlaan 79, 1000 Brussel, Belgium10 active companies are registered at this addressKBO/BCE: BE 0435.822.780
Summary

M.D. has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €133,781 and a net result of €36,732. Equity is shrinking by about 13% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2027. Its solvency ranks better than 61% of 5,707 sector peers (NACE 49, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Overview

Activity
Non-scheduled passenger transport by road
NACE 49320On-demand passenger transport by chauffeured vehicle NACE 49330
1 site
Size
€273,078total assets 2025
Staff
15.9 FTE
Equity
€133,781
Profit
€36,732
Turnover not published (micro format)
Financial health
70 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.8%
Structure
Parent
WORLDCAP · 100%
Accounts filed 28 days late0 of 3 deeds read
Why 70raises riskSector: Land transport and transport via pipelines (NACE 49)Liquidity: current ratio 1.86lowers riskFounded in 1988Equity €133,781 (49.0% of total assets)Show the evidence

Checked score

Score 2025
70 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 70% of its sector peers (NACE 49, micro)
Financial strength · tick = 2024
Strong
Solvency 74+15
equity 49.0% of total assets
Liquidity 60+28
short-term debt 42.1%
Profitability 86+28
return on assets 13.5%
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.9% (9,078 companies, NACE 49, micro)
Last 24 months 11-2024: 0.7% 12-2024: 0.7%● unchanged vs 11-2024 01-2025: 0.7%● unchanged vs 12-2024 02-2025: 0.7%● unchanged vs 01-2025 03-2025: 0.7%● unchanged vs 02-2025 04-2025: 0.7%● unchanged vs 03-2025 05-2025: 0.7%● unchanged vs 04-2025 06-2025: 0.7%● unchanged vs 05-2025 07-2025: 0.9%▲ +0.2 percentage points vs 06-2025 08-2025: 1.3%▲ +0.4 percentage points vs 07-2025highest value 09-2025: 0.6%▼ -0.7 percentage points vs 08-2025 10-2025: 0.6%● unchanged vs 09-2025 11-2025: 0.6%● unchanged vs 10-2025 12-2025: 0.6%● unchanged vs 11-2025 01-2026: 0.6%● unchanged vs 12-2025lowest value 02-2026: 0.6%● unchanged vs 01-2026lowest value 03-2026: 0.6%● unchanged vs 02-2026lowest value 04-2026: 0.6%● unchanged vs 03-2026 05-2026: 0.6%● unchanged vs 04-2026 06-2026: 0.6%● unchanged vs 05-2026 07-2026: 0.7%▲ +0.1 percentage points vs 06-2026 08-2026: 1.3%▲ +0.6 percentage points vs 07-2026 09-2026: 0.8%▼ -0.5 percentage points vs 08-2026 10-2026: 0.8%● unchanged vs 09-2026
Credit of up to €9,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.86, compared with 1.39 in 2024, above the usual 1.5; short-term debt: 42.1% of total assets), but 51% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 49, micro): better than 61% on solvency, 67% on liquidity, 75% on profitability and 77% on growth.

The bankruptcy probability was computed on 15-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Sector: Land transport and transport via pipelines (NACE 49)
KBO
lowers risk · Founded in 1988
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Liquidity: current ratio 1.86
NBB · annual accounts
lowers risk · Equity €133,781 (49.0% of total assets)
NBB · annual accounts
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €133,781
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
28 days late
2024
12 days late
2023
21 days late
2022
29 days late
2021
30 days late
2020
75 days late
2019
121 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 45 days after the deadline; the sector median (NACE 49) for financial year 2024 is on the deadline day, and 49% 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 28 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
16-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Back to profitnet €36,732
  3. Equity above €100,000equity €133,781 ▲37.8%

Key points

  • Positive: Among the best 15% on net resultsector median €5,764 · 5,680 companies €36,732 View
  • Controlled by WORLDCAP 100% View
  • Active since 1988founded 22-11-1988 37 years View

By topic

Financials

Financial year
2025
Total assets
€273,078
Profit
€36,732
Solvency
49.0%
Total assets▼ 3.2%
Net result
20182025
Go to Financials

Timeline

Events
42
Since
1990
Next accounts
by 31-07-2027
  1. 12-08-2025Annual accounts filed
  2. 21-08-2024Annual accounts filed
  3. 31-12-2023Liquidity more than triples
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Non-scheduled passenger transport by roadNACE 49320
Founded
22-11-1988
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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