M.D.C.
ActiveM.D.C. has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €146k and a net result of €-42k. Equity is growing by ~17.6% per year across the filed fiscal years. Its solvency ranks better than 14% of 1114 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
51
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability41▼-9
Solvency33▼-2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity short (current ratio 0.19 against 0.24 in 2023; short-term debt: 46.4% and cash: 0.4% of total assets), and 92.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
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 · 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
7.6%
Return on assets
-2.2%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 1114 sector peers (2024).
NBB · sector comparisonPosition among 1114 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
30 d late
2022
126 d late
2021
77 d late
2020
122 d late
2019
100 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
€-42k
2023 · €2k
2018: €-901
2019: €26k
2020: €-17k
2021: €85k
2022: €46k
2023: €2k
2018 → 2024
Working capital
€-720k▼ 18.6%
2023 · €-607k
2018: €3k
2019: €-63k
2020: €-199k
2021: €-320k
2022: €-466k
2023: €-607k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€60k-€145k▲ 142%€186k▲ 28.3%€188k▲ 1.3%€146k▼ 22.4%
Operating result€3k-€112k▲ 3,528%€68k▼ 39.2%€35k▼ 48.0%€-11k
Net result€-17k-€85k€46k▼ 46.3%€2k▼ 94.8%€-42k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €11k after €35k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.92M
Fixed assets
€1.75M▼ 1.6%
Current assets
€172k▼ 10.5%
Equity and liabilities €1.92M
Equity
€146k▼ 22.4%
Provisions
€49k▼ 4.4%
Debt
€1.73M▼ 0.3%
The debt ratio rises from 87.8% to 89.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€101k▼
2023 · €133k
Cash flow
€70k▼
2023 · €100k
Solvency
7.6%▼
2023 · 9.6%
Current ratio
0.19▼
2023 · 0.24
Quick ratio
0.19▼
2023 · 0.24
Debt / equity
11.81▲
2023 · 9.19
ROE
-28.9%▼
2023 · 1.3%
ROA
-2.2%▼
2023 · 0.1%
Interest coverage
3.05▼
2023 · 3.78
Debt
€1.73M▼
2023 · €1.73M
Debt ≤ 1 year
€892k▲
2023 · €799k
Debt > 1 year
€835k▼
2023 · €932k
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€1.97M€1.92M▼
Fixed assets21/28€1.78M€1.75M▼
Tangible fixed assets22/27€1.78M€1.75M▼
Land and buildings22€1.78M€1.75M▼
Financial fixed assets28€405€405=
Current assets29/58€192k€172k▼
Amounts receivable within one year40/41€133k€109k▼
Trade receivables40€132k€107k▼
Other amounts receivable41€559€2k▲
Cash at bank and in hand54/58€4k€8k▲
Deferred charges and accrued income490/1€55k€54k▼
Equity and liabilities
Total equity and liabilities10/49€1.97M€1.92M▼
Equity10/15€188k€146k▼
Contributions10/11€31k€31k=
Reserves13€112k€107k▼
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Tax-exempt reserves132€109k€104k▼
Profit (loss) carried forward14€46k€8k▼
Provisions and deferred taxes16€52k€49k▼
Deferred taxes168€52k€49k▼
Amounts payable17/49€1.73M€1.73M▼
Amounts payable after more than one year17€932k€835k▼
Financial debts170/4€931k€830k▼
Other amounts payable178/9€2k€5k▲
Amounts payable within one year42/48€799k€892k▲
Current portion of amounts payable after more than one year42€97k€101k▲
Trade debts44€205k€247k▲
Suppliers440/4€205k€247k▲
Taxes, remuneration and social security45-€682
Taxes450/3-€682
Other amounts payable47/48€497k€543k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€97k€112k▲
Other operating charges640/8€1k€3k▲
Gross operating margin9900€134k€103k▼
Operating profit (loss)9901€35k€-11k▼
Financial income75/76B€7€18▲
Recurring financial income75€7€18▲
Financial charges65/66B€35k€33k▼
Recurring financial charges65€35k€33k▼
Profit (loss) for the period before taxes9903€146€-44k▼
Transfer from deferred taxes780€2k€2k=
Profit (loss) for the period9904€2k€-42k▼
Transfer from tax-exempt reserves789€5k€5k=
Profit (loss) for the period to be appropriated9905€7k€-38k▼
Appropriation of the result
Profit (loss) to be appropriated9906€46k€8k▼
Profit (loss) brought forward from the previous period14P€39k€46k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet €-42k ▼1865%
Net result drops to €-42k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
04-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 126 days late
2022
31-12
Financial
Equity above €150kEq €186k ▲28.3%
2 profitable years in a row build equity to €186k.
16-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 77 days late
2021
31-12
Financial
Back to profitnet €85k
Net result €85k after one loss-making year.
31-12
Financial
Equity above €100kEq €145k ▲142%
Equity rises from €60k to €145k.
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 122 days late
2020
08-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 100 days late
2019
31-12
Financial
Back to profitnet €26k
Net result €26k after one loss-making year.
31-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 153 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 27 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Brussel · 1 establishment unit since 1993
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.
Louizalaan 1311050 BrusselGround area
3,259 m²
Building footprint
391 m²
Volume, LiDAR
5,522 m³
2 parcels, Brussels, Wallonia · tallest building 38.6 m, ±11 floors. Linked by address, not a title deed.
1 establishment unit
Rue des Tilleuls, Gd-M. 7, 5030 Gembloux
since 19932.027.416.992
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92255C0204/00K002 | Wallonia | 2,241 m² | 1 · 215 m² | - |
| 21807G0060/00T002 | Brussels | 1,018 m² | 1 · 176 m² | 38.6 m · 11 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
GERIBEL
BE 0468.387.858
Roeselare · Eq €146k
DRIVE ENGINEERING
BE 0463.743.538
Lievegem · Eq €146k
SKYCTC
BE 0504.949.336
Zaventem · Eq €146k
John Sisk & Son (Belgium)
BE 0801.348.474
Gent · Eq €146k
SARUELKO
BE 0748.607.693
Lokeren · Eq €146k
Of 11,555 companies in sector 71121 we hold annual accounts for 6,562. 5,233 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded21-11-1983
Fiscal year end31-12
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
74203
Sources
Crossroads Bank for EnterprisesNational Bank · 41 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.