M&D Benelux
ActiveM&D Benelux has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €807k and a net result of €280k. Equity is growing by ~55.3% per year across the filed fiscal years. Its solvency ranks better than 43% of 6010 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
79
/ 100
Excellent▲ +3 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency65▲+13
Growth78=
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity tight (current ratio 1.41 against 1.27 in 2023), and 64.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
35.8%
Return on assets
12.4%
Age of the figures
20 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
on the day
2022
3 d early
2021
2 d early
2020
31 d late
2019
60 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€280k▲ 1.5%
2023 · €276k
2018: €-48k
2019: €-43k
2020: €-56k
2021: €191k
2022: €40k
2023: €276k
2018 → 2024
Working capital
€574k▲ 78.5%
2023 · €321k
2018: €-24k
2019: €-82k
2020: €-157k
2021: €-14k
2022: €41k
2023: €321k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€26k-€216k▲ 719%€254k▲ 17.9%€529k▲ 108%€807k▲ 52.7%
Operating result€-56k-€217k€73k▼ 66.4%€378k▲ 417%€397k▲ 4.9%
Net result€-56k-€191k€40k▼ 79.0%€276k▲ 590%€280k▲ 1.5%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 5% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.25M
Fixed assets
€274k▲ 11.4%
Current assets
€1.98M▲ 29.3%
Equity and liabilities €2.25M
Equity
€807k▲ 52.7%
Debt
€1.45M▲ 15.8%
The debt ratio falls from 70.3% to 64.2%: equity grows faster than debt.
Key figures and ratios
EBITDA
€467k▲
2023 · €437k
Cash flow
€350k▲
2023 · €335k
Solvency
35.8%▲
2023 · 29.7%
Current ratio
1.41▲
2023 · 1.27
Quick ratio
0.58▲
2023 · 0.42
Debt / equity
1.79▼
2023 · 2.36
ROE
34.7%▼
2023 · 52.2%
ROA
12.4%▼
2023 · 15.5%
Interest coverage
76.44▼
2023 · 354.34
Debt
€1.45M▲
2023 · €1.25M
Debt ≤ 1 year
€1.41M▲
2023 · €1.21M
Debt > 1 year
€41k▲
2023 · €39k
Income taxes
€113k▲
2023 · €102k
Staff costs
€381k▲
2023 · €189k
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€1.78M€2.25M▲
Fixed assets21/28€246k€274k▲
Intangible fixed assets21€28k€50k▲
Tangible fixed assets22/27€218k€224k▲
Land and buildings22€90k€79k▼
Plant, machinery and equipment23€54k€63k▲
Furniture and vehicles24€74k€81k▲
Current assets29/58€1.53M€1.98M▲
Stocks and contracts in progress3€1.02M€1.16M▲
Stocks30/36€1.02M€1.16M▲
Amounts receivable within one year40/41€269k€429k▲
Trade receivables40€269k€428k▲
Other amounts receivable41€141€916▲
Cash at bank and in hand54/58€234k€383k▲
Deferred charges and accrued income490/1€9k€9k▲
Equity and liabilities
Total equity and liabilities10/49€1.78M€2.25M▲
Equity10/15€529k€807k▲
Contributions10/11€102k€102k=
Reserves13€395k€395k=
Distributable reserves133€395k€395k=
Profit (loss) carried forward14€24k€304k▲
Investment grants15€8k€7k▼
Amounts payable17/49€1.25M€1.45M▲
Amounts payable after more than one year17€39k€41k▲
Financial debts170/4€39k€41k▲
Amounts payable within one year42/48€1.21M€1.41M▲
Current portion of amounts payable after more than one year42€16k€26k▲
Trade debts44€897k€1.07M▲
Suppliers440/4€897k€1.07M▲
Taxes, remuneration and social security45€130k€166k▲
Taxes450/3€105k€126k▲
Remuneration and social security454/9€25k€40k▲
Other amounts payable47/48€167k€146k▼
Income statement
Code20232024
Non-recurring operating income76A€6k-
Remuneration, social security and pensions62€189k€381k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€59k€70k▲
Other operating charges640/8€9k€9k▲
Gross operating margin9900€635k€857k▲
Operating profit (loss)9901€378k€397k▲
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€1k€6k▲
Recurring financial charges65€1k€6k▲
Profit (loss) for the period before taxes9903€378k€392k▲
Income taxes67/77€102k€113k▲
Profit (loss) for the period9904€276k€280k▲
Profit (loss) for the period to be appropriated9905€276k€280k▲
Appropriation of the result
Profit (loss) to be appropriated9906€324k€304k▼
Profit (loss) brought forward from the previous period14P€48k€24k▼
Transfer to equity691/2€300k-
To other reserves6921€300k-
Social balance
Average headcount (FTE)90873.45.9▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €280k ▲1.5%
Operating result €397k, net result €280k, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €500kEq €529k ▲108%
3 profitable years in a row build equity to €529k.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €191k
Net result €191k after 3 loss-making years.
31-12
Financial
Equity above €200kEq €216k ▲719%
Equity rises from €26k to €216k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-56k
Net result drops to €-56k, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Assesse · 1 establishment unit since 2001
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.
Rue des Fours à Chaux 255330 AssesseGround area
3,228 m²
Building footprint
579 m²
Parcel 92006B0220/00C004, Wallonia. Linked by address, not a title deed.
1 establishment unit
M&D Benelux
since 20012.103.003.847
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92006B0220/00C004 | Wallonia | 3,228 m² | 1 · 579 m² | - |
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.
Similar companies · same sector, comparable size
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BE 0870.456.224
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VOESTALPINE BELGIUM
BE 0401.868.921
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DAPAT
BE 0467.904.244
Jabbeke · Eq €799k
Of 1,744 companies in sector 46720 we hold annual accounts for 1,079. 775 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-10-1995
Fiscal year end31-12
Trade name FR
M&D Benelux Automotive Special Parts
Activities, NACEBEL
45310
46720Wholesale of motor vehicle parts and accessories
29310Manufacture of motor vehicles, trailers and semi-trailers
29320Manufacture of motor vehicles, trailers and semi-trailers
47820Retail sale of motor vehicle parts and accessories
Sources
Crossroads Bank for EnterprisesNational Bank · 29 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.