M.D.
ActiveM.D. has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €99k and a net result of €5k. Equity is growing by ~17.7% per year across the filed fiscal years. Its solvency ranks better than 33% of 3941 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability24▼-25
Solvency17▲+2
Growth52=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days only on tighter terms
Liquidity short (current ratio 0.78 against 0.75 in 2023), and 84% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
16%
Return on assets
0.8%
Age of the figures
20 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-07-2025, 27 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
27 d early
2023
41 d late
2022
3 d early
2021
30 d early
2020
11 d late
2019
119 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€99k▲ 5.0%
2023 · €94k
2018: €35k
2019: €44k
2020: €154k
2021: €164k
2022: €85k
2023: €94k
2018 → 2024
Total assets
€616k▼ 10.6%
2023 · €689k
2018: €55k
2019: €125k
2020: €230k
2021: €474k
2022: €466k
2023: €689k
2018 → 2024
Net result
€5k▼ 49.0%
2023 · €9k
2018: €33k
2019: €23k
2020: €125k
2021: €25k
2022: €-79k
2023: €9k
2018 → 2024
Working capital
€-85k▲ 23.1%
2023 · €-111k
2018: €28k
2019: €46k
2020: €130k
2021: €145k
2022: €40k
2023: €-111k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€154k-€164k▲ 6.7%€85k▼ 48.4%€94k▲ 10.9%€99k▲ 5.0%
Operating result€121k-€16k▼ 87.1%€-64k€20k€23k▲ 13.1%
Net result€125k-€25k▼ 79.8%€-79k€9k€5k▼ 49.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 13% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €616k
Fixed assets
€310k▼ 12.8%
Current assets
€306k▼ 8.2%
Equity and liabilities €616k
Equity
€99k▲ 5.0%
Debt
€518k▼ 13.1%
The debt ratio falls from 86.4% to 84.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€119k▲
2023 · €71k
Cash flow
€100k▲
2023 · €60k
Solvency
16.0%▲
2023 · 13.6%
Current ratio
0.78▲
2023 · 0.75
Quick ratio
0.76▲
2023 · 0.73
Debt / equity
5.25▼
2023 · 6.34
ROE
4.8%▼
2023 · 9.8%
ROA
0.8%▼
2023 · 1.3%
Interest coverage
7.62▲
2023 · 4.71
Debt
€518k▼
2023 · €595k
Debt ≤ 1 year
€391k▼
2023 · €444k
Debt > 1 year
€74k▼
2023 · €107k
Income taxes
€3k▲
2023 · €6
Staff costs
€309k▲
2023 · €224k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€689k€616k▼
Fixed assets21/28€356k€310k▼
Tangible fixed assets22/27€342k€296k▼
Land and buildings22€15k€12k▼
Plant, machinery and equipment23€108k€93k▼
Furniture and vehicles24€83k€90k▲
Leasing and similar rights25€135k€101k▼
Financial fixed assets28€14k€14k=
Current assets29/58€333k€306k▼
Stocks and contracts in progress3€9k€9k=
Stocks30/36€9k€9k=
Amounts receivable within one year40/41€298k€271k▼
Trade receivables40€250k€271k▲
Other amounts receivable41€48k€205▼
Cash at bank and in hand54/58€22k€9k▼
Deferred charges and accrued income490/1€4k€16k▲
Equity and liabilities
Total equity and liabilities10/49€689k€616k▼
Equity10/15€94k€99k▲
Contributions10/11€3k€3k=
Reserves13€91k€96k▲
Non-distributable reserves130/1€250€250=
Reserves not available under the articles1311€250€250=
Distributable reserves133€91k€96k▲
Amounts payable17/49€595k€518k▼
Amounts payable after more than one year17€107k€74k▼
Financial debts170/4€107k€74k▼
Amounts payable within one year42/48€444k€391k▼
Current portion of amounts payable after more than one year42€40k€33k▼
Trade debts44€375k€318k▼
Suppliers440/4€375k€318k▼
Taxes, remuneration and social security45€28k€13k▼
Taxes450/3€18k€7k▼
Remuneration and social security454/9€10k€6k▼
Other amounts payable47/48-€27k
Accrued charges and deferred income492/3€45k€53k▲
Income statement
Code20232024
Remuneration, social security and pensions62€224k€309k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€51k€96k▲
Other operating charges640/8€7k€8k▲
Non-recurring operating charges66A€38k€18k▼
Gross operating margin9900€340k€453k▲
Operating profit (loss)9901€20k€23k▲
Financial income75/76B€4k€2▼
Recurring financial income75€4k€2▼
Financial charges65/66B€15k€16k▲
Recurring financial charges65€15k€16k▲
Profit (loss) for the period before taxes9903€9k€7k▼
Income taxes67/77€6€3k▲
Profit (loss) for the period9904€9k€5k▼
Profit (loss) for the period to be appropriated9905€9k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€9k€5k▼
Transfer from equity791/2€0-
Transfer to equity691/2€9k€5k▼
To other reserves6921€9k€5k▼
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 41 days late
2023
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-79k ▼414%
Net result drops to €-79k, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
2020
31-12
Financial
Highest result since 2018net €125k ▲437%
Operating result €121k, net result €125k, both a record.
31-12
Financial
Equity above €150kEq €154k ▲252%
3 profitable years in a row build equity to €154k.
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 119 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Dentergem · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Herpelplas(Den) 28720 DentergemGround area
8,482 m²
Building footprint
753 m²
Volume, LiDAR
3,706 m³
Parcel 37002A0207/00G000, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
M.D.
since 20182.272.474.131
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37002A0207/00G000 | Flanders | 8,482 m² | 1 · 752 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 816 EUR awarded · 816 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 243 EUR |
| 2024 | 1 | 243 EUR | 0 EUR |
| 2023 | 1 | 573 EUR | 573 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteDentergem2.272.474.131
Similar companies · same sector, comparable size
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BE 1012.713.949
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Etablissements DEBRY Michel
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Plukboerderij GRONDIG
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Destelbergen · Eq €98k
BILANDE
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Wavre · Eq €98k
Of 20,586 companies in sector 01500 we hold annual accounts for 1,144. 844 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-01-2018
Fiscal year end31-12
Activities, NACEBEL
01500Mixed farming
49410Freight transport by road
01630Crop and animal production, hunting and related service activities
10311Manufacture of food products
43120Site preparation
77229Renting and leasing of other personal and household goods
77299Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.