M.D.C. · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of M.D.C. is 0.1% (very low). The 2024 annual accounts show equity of €191k and a net result of €29k. Equity is growing by ~26.7% per year across the filed fiscal years. Its solvency ranks better than 84% of 12464 sector peers (fiscal year 2024). The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Signals

1 signal · with evidence

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 84% of 12464 peers (2024). A comfortable equity buffer.

View the sector comparison

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 12 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

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 31-08-2025, 31 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.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	31-08-2025	31 d late	2025-00454434
31-12-2023	31-07-2024	26-07-2024	5 d early	2024-00286806
31-12-2022	31-07-2023	01-06-2023	60 d early	2023-00101877
31-12-2021	31-07-2022	12-07-2022	19 d early	2022-20174682
31-12-2020	31-07-2021	13-08-2021	13 d late	2021-48100411
31-12-2019	31-07-2020	18-08-2020	18 d late	2020-41700442
31-12-2018	31-07-2019	23-08-2019	23 d late	2019-49100305
31-12-2017	31-07-2018	30-07-2018	1 d early	2018-40900126
31-12-2016	31-07-2017	10-08-2017	10 d late	2017-42100450
31-12-2015	31-07-2016	05-07-2016	26 d early	2016-28100308

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Long-established

Founded in 2001, 25 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.1% Very low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Long track record −Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

Turnover€329k+9.1%

EBIT margin13.8%+15.9pp

Net result€29k

Working capital€111k+89.5%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 31-08-2025 with the NBB · fiscal year 2024 · micro

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~26.7%/year over 7 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 70, Head offices & management consulting · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	82.9%	60.6%	better than 84% of 12464 sector peers
Net result	€29k	€31k	better than 48% of 12466 sector peers
Equity	€191k	€63k	better than 83% of 12472 sector peers
Gross operating margin	€82k	€52k	better than 68% of 12452 sector peers
Total assets	€230k	€124k	better than 72% of 12465 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P84

Improving position over 2020-2024 · n=1371-12464

Net result P48

Weakening position over 2020-2024 · n=1371-12466

Equity P83

Improving position over 2020-2024 · n=1373-12472

Gross operating margin P68

Weakening position over 2020-2024 · n=1369-12452

Describes the position versus peers, not a forecast.

Revenue

€329k

+9.1% 18-24

EBITDA

€82k

+201.4% 18-24

Net profit

€29k

- 18-24

Cash flow

€65k

+198.8% 18-24

Total assets

€230k

+1.9% 18-24

Equity

€191k

+17.6% 18-24

Working capital

€111k

+89.5% 18-24

Income taxes

€16k

+287.8% 18-24

Debt

€39k

-38.1% 18-24

Debt ≤ 1y

€28k

-44.2% 18-24

Debt > 1y

€11k

-14.8% 18-24

Current ratio

4.93

+128.5% 18-24

Quick ratio

4.93

+128.5% 18-24

Solvency

82.9%

+15.4% 18-24

Debt / equity

0.21

-47.4% 18-24

ROE

15.0%

- 18-24

ROA

12.4%

- 18-24

Net margin

8.7%

- 18-24

EBITDA margin

24.8%

+176.3% 18-24

Interest coverage

64.52

+233.2% 18-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	€329k
EBITDA	€82k
Net profit	€29k
Cash flow	€65k
Staff costs	-
Income taxes	€16k
Dividends	-
Total assets	€230k
Equity	€191k
Debt	€39k
of which ≤ 1y	€28k
of which > 1y	€11k
Working capital	€111k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	4.93
Quick ratio	4.93
Working capital ratio	48.2%
Solvency	82.9%
Debt / equity	0.21
Long-term debt ratio	0.06
Interest coverage	64.52
Gross margin	17.6%
Net margin	8.7%
ROA	12.4%
ROE	15.0%
EBITDA margin	24.8%
Days sales outstanding	84d
Days payable outstanding	16d
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €91k · 39.6% Current assets €139k · 60.4%

Equity & liabilities

Equity €191k · 82.9% Debt €39k · 17.1%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€230k
Fixed assets	21/28	€91k
Tangible fixed assets	22/27	€91k
Current assets	29/58	€139k
Amounts receivable within one year	40/41	€83k
Cash & bank	54/58	€56k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€230k
Equity	10/15	€191k
Contributions / capital	10/11	€19k
Reserves	13	€113k
Accumulated profits (losses)	14	€59k
Amounts payable	17/49	€39k
Amounts payable after one year	17	€11k
Amounts payable within one year	42/48	€28k
Trade debts payable within one year	44	€12k
Income statement
Turnover	70	€329k
Gross operating margin	9900	€82k
Operating result	9901	€45k
Financial charges	65	€1k
Result before taxes	9903	€44k
Income taxes	67/77	€16k
Net result for the period	9904	€29k
Result to be appropriated	9905	€29k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

100 / 100 Excellent

050100

Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Directors

Directors & mandates

2 directors

Current directors & mandates

DE COSTER Michel
Director
State Gazette act 26335212 (08-06-2026)

Current
08-06-2026 → present
2 events
- 08-06-2026 Resigned· Director (executive)
- 08-06-2026 Appointed· Director

Former directors (1)

BA:JKLegal entity
Director (executive)
State Gazette act 26335212 (08-06-2026)

Former
- → 08-06-2026

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies(70200)
Legal form	Private limited company(610)
Incorporation	14-06-2001
Status	Active
Postal code	1390

Structure & network

Connections & network

6 connected companies

Group structureShared directors

Group structure

GROUP A

We sit on their board · 3 subsidiaries · 1 location

→

NxtPort

We sit on their board · 1 location

→

WEngage International

We sit on their board · 1 subsidiary · 6 locations

→

Network connections

AVIA-GIS

Shared director

→

Junior Chamber International Gent

Shared director

→

L'Anneau

Shared director

→

Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Ownership & control

3 parties

M.D.C.BE 0475.005.040

controls

Where this company holds controlthis company sits on their board3

WEngage International

1 subsidiary · 6 locations

GROUP A

3 subsidiaries · 1 location

NxtPort

1 location

Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

2 companies at this address See who is registered here

Establishment units

1 location

Rue de Beaumont 84, 1390 Grez-Doiceau

de kleinhandel in audio- en videoapparatuur voor huishoudelijk gebruik, zoals radio- en televisietoestellen, videoweergavetoestellen, videocamera's, hifimateriaal, enz.

since 20012.100.391.973

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area2,238 m²

Buildings1

Building footprint195 m²

Volume (LiDAR)1,025 m³

Tallest building15.7 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
25070A0165/00H002	Wallonia	2,238 m²	1 · 195 m²	15.7 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

4 acts

Capital history · 1

08-06-2026

Capital conversion: description: conversion de la partie entièrement libérée du capital et la réserve légale en un compte de capitaux propres statutairement indisponible

Address history · 4

08-06-2026

Seat change: new_address: 1390 Grez-Doiceau, Rue de Beaumont 84, old_address: 8300 Knokke, Elizabethlaan 170, effective_date: 2017-03-01

12-04-2017

v3.2

09-01-2017

v3.2

08-01-2016

v3.2

All acts · 4 updated 2 months ago

2026

08-06-2026 Notarial deed · Seat change · Purpose change · Legal form conversion Open-capture extraction

Filing: 2026-06-04 · M.D.C.
Publication: 2026-06-08 · M.D.C.
Notarial deed: 2026-05-08 · M.D.C.
Seat change: new_address: 1390 Grez-Doiceau, Rue de Beaumont 84, old_address: 8300 Knokke, Elizabethlaan 170, effective_date: 2017-03-01 · M.D.C.
Purpose change: new_purpose: Entreprise d'enregistrement sonore, de synchronisation, de décors musicaux, de montage et de réalisation de bandes magnétiques. Rédaction et réécriture de textes. Organisation de spectacles et de concerts. Entreprise de diffusion musicale. Entreprise de défense des droits d'auteur ainsi que d'activité d'imprésario et de toutes opérations de courtage à l'occasion de la perception des droits d'auteur et droits voisins. Commerce de tous articles pour la musique, de morceaux de musique et d'instruments de musique. Achat et vente, importation et exportation, location et mise à location, fabrication, développement, entretien et réparation de toutes sortes d'installations sonores et techniques ainsi que d'accessoires. Acquisition, aménagement, mise à disposition, location et mise à location de toutes sortes de locaux et de salles dans lesquels les activités susmentionnées peuvent avoir lieu ou être exercées. Cabinet de conseil en gestion et administration, comprenant notamment, mais sans s'y limiter, la fourniture de conseils et d'une aide pratique aux entreprises en matière de relations publiques et de communication, la fourniture de conseils et d'assistance aux entreprises et aux pouvoirs publics dans des domaines tels que la planification, l'organisation, l'efficacité et la surveillance, la fourniture d'informations à la direction de l'entreprise, le calcul des coûts et des avantages des mesures proposées en matière de planification, d'organisation et d'efficacité, la fourniture de conseils en matière de gestion en général. Activités de gestion en général, y compris notamment l'intervention dans la gestion quotidienne et la représentation d'entreprises, entre autres par l'exercice de mandats d'administrateur et de gestionnaire, y compris ceux de liquidateur. Étude, organisation et conseil en matière financière, commerciale ou sociale, y compris toutes les opérations liées au conseil, à la documentation et à la publication sur des questions juridiques, sociales, économiques et financières. Accompagner les entreprises dans les domaines du commerce, de l'industrie et de l'administration, effectuer des tâches de secrétariat, domicilier des entreprises, mettre à disposition des bureaux, des entrepôts et des locaux de fabrication, réaliser des études préparatoires et fournir des conseils dans les domaines de la gestion, de la conduite d'entreprise, de la législation économique, du marketing, de l'exportation et de l'importation, imprimer et publier des études, des rapports et apporter une aide aux entreprises en cours de création ou lors de la reprise d'entreprises existantes, envoyer et recevoir du courrier et, plus généralement, faire tout ce qui peut être utile à la création, à l'exploitation et à la gestion des entreprises. L'acquisition, la cession, la gestion, l'exploitation, la valorisation, le lotissement, l'aménagement, l'organisation, la location et la sous-location, la construction ou la rénovation, la promotion de biens immobiliers ainsi que toutes les transactions et opérations immobilières au sens le plus large et de quelque nature que ce soit, y compris le crédit-bail immobilier. La gestion de tous types de patrimoines et la fourniture de conseils et d'avis au sens le plus large des besoins sociaux. Prendre des participations sous quelque forme que ce soit dans toutes les sociétés et entreprises existantes ou à créer, ainsi que dans toutes les opérations d'investissement et financières, à l'exception de celles réservées par la loi aux banques de dépôt et d'épargne et aux sociétés de gestion de patrimoine et de conseil en investissement. · M.D.C.
Legal form conversion: new_form: société à responsabilité limitée (CSA), old_form: société à responsabilité limitée (ancienne législation), effective_date: 2020-01-01 · M.D.C.
Capital conversion: description: conversion de la partie entièrement libérée du capital et la réserve légale en un compte de capitaux propres statutairement indisponible · M.D.C.
Reserve release: description: rendre disponible le total des capitaux propres statutairement indisponibles de la Société, par transfert d'un compte de capitaux propres statutairement indisponibles à un compte de capitaux propres disponibles, sans distribution aux actionnaires. · M.D.C.
Officer resignation: role: directeur non statutaire · DE COSTER Michel
Officer resignation: role: directeur non statutaire · BA:JK
Officer appointment: role: administrateur statutaire, term: durée indéterminée · DE COSTER Michel
Permanent representative: role: représentant permanent · DE COSTER Michel
Representation rule: rule: Chaque administrateur représente la société vis-à-vis des tiers et en justice en tant que demandeur ou défendeur; même si plusieurs administrateurs sont nommés, ils ont chacun le pouvoir d'agir séparément pour tous les actes. · M.D.C.
Annual meeting schedule: schedule: le dernier vendredi du mois de mai à onze heures (11h00); si ce jour est un jour férié, l’assemblée annuelle aura lieu le jour ouvrable suivant au même temps. · M.D.C.
First fiscal year: end: 31-12, start: 01-01 · M.D.C.
Statute amendment: description: supprimer l'adresse du siège social de la société des statuts et de ne mentionner dans les statuts que le lieu situé dans la région Wallon. · M.D.C.
Statute amendment: description: La valeur fractionnaire des actions a été abolie. · M.D.C.
Statute amendment: description: Le dispositif de répartition des bénéfices a été aboli et un dispositif de préservation des actifs de la société (distributions aux actionnaires et primes) (y compris l'autorisation de l'organe de gestion de distribuer les bénéfices dans les limites de la CCA) a été ajouté. · M.D.C.
Statute amendment: description: Les règles sur la distribution du solde de liquidation ont été modifiées. · M.D.C.
Statute amendment: description: Les statuts actuels de la société, ont été rédigés en néerlandais, ont été entièrement supprimés et remplacés par des statuts entièrement nouveaux, rédigés en français · M.D.C.
Act object: MODIFICATION FORME JURIDIQUE, DEMISSIONS,

Summary: Notarial deed · Seat change · Purpose change · Legal form conversion

Original publication ↗

2017

12-04-2017 Registered office moved from KNOKKE to NETHEN Registered-office change

ELIZABETHLAAN 170, 8300 KNOKKE → RUE DE BEAUMONT 84, 1390 NETHEN

Summary: v3.2

Original publication ↗

09-01-2017 Registered office moved from KNOKKE-HEIST to KNOKKE Registered-office change

WITTEDUIVENHOF 1, 8300 KNOKKE-HEIST → ELISABETHLAAN 170, 8300 KNOKKE

Summary: v3.2

Original publication ↗

2016

08-01-2016 Registered office moved from KNOKKE-HEIST to BOUTERSEM Registered-office change

WITTEDUIVENHOF 1, 8300 KNOKKE-HEIST → KWABEEKSTRAAT 2, 3370 BOUTERSEM

Summary: v3.2

Original publication ↗

Analysis

Snowflake analysis

financial profile on 5 axes

89 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 100

Profitability 81

Solvency 100

Growth 65

Stability 100

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verdict per customer and amount

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We hold annual accounts for 15,322 of the 81,966 companies in this sector. 11,710 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Zelfstandig werkende kunstenaars en artiesten92311Adviesbureaus op het gebied van public relations en communicatie70210Activiteiten van adviesbureaus op het gebied van public relations en communicatie73300Beoefening van uitvoerende kunsten door zelfstandig werkende artiesten90011Beoefening van uitvoerende kunsten door zelfstandig werkende artiesten90201

Primary activity highlighted.

Names & trade names

Legal nameNL

M.D.C.

Registered office

Rue de Beaumont 84

1390 Grez-Doiceau, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.