M.D. ELEKTRO
Dissolution or liquidationThe KBO register records for M.D. ELEKTRO the legal situation: dissolution or liquidation (code 013); this is today's state according to the register itself, which carries no start date. The 2024 annual accounts show equity of €64k and a net result of €-23k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-08-2025, 6 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
2024
6 d late
2024
144 d late
2023
246 d late
2022
31 d late
2021
29 d late
2020
31 d late
2019
84 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€64k▼ 26.1%
2024 · €87k
2018: €130k
2019: €139k
2020: €160k
2021: €143k
2022: €159k
2023: €197k
2024: €87k
2018 → 2024
Total assets
€699k▼ 1.7%
2024 · €712k
2018: €931k
2019: €1.05M
2020: €1.07M
2021: €1.02M
2022: €961k
2023: €811k
2024: €712k
2018 → 2024
Net result
€-23k▲ 79.3%
2024 · €-110k
2018: €21k
2019: €10k
2020: €23k
2021: €-17k
2022: €16k
2023: €38k
2024: €-110k
2018 → 2024
Working capital
€-477k▲ 3.5%
2024 · €-495k
2018: €-183k
2019: €-182k
2020: €-215k
2021: €-243k
2022: €-105k
2023: €-22k
2024: €-495k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242024Trend
Equity€143k-€159k▲ 11.3%€197k▲ 23.6%€87k▼ 55.7%€64k▼ 26.1%
Operating result€3k-€45k▲ 1,208%€68k▲ 53.3%€-102k€-22k▲ 78.3%
Net result€-17k-€16k€38k▲ 132%€-110k€-23k▲ 79.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2024 in colour, 2024 as the grey bar beneath
Assets €699k
Fixed assets
€668k▼ 5.7%
Current assets
€32k▲ 694%
Equity and liabilities €699k
Equity
€64k▼ 26.1%
Provisions
€56k=
Debt
€579k▲ 1.8%
The debt ratio rises from 79.9% to 82.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-3k▲
2024 · €-76k
Cash flow
€-4k▲
2024 · €-84k
Solvency
9.2%▼
2024 · 12.2%
Current ratio
0.06▲
2024 · 0.01
Quick ratio
0.06▲
2024 · 0.01
Debt / equity
9.00▲
2024 · 6.53
ROE
-35.3%▲
2024 · -125.8%
ROA
-3.2%▲
2024 · -15.4%
Interest coverage
-5.87▲
2024 · -9.89
Debt
€579k▲
2024 · €569k
Debt ≤ 1 year
€509k▲
2024 · €499k
Debt > 1 year
€70k=
2024 · €70k
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 2024
Balance sheet
Code20242024
Assets
Total assets20/58€712k€699k▼
Fixed assets21/28€708k€668k▼
Tangible fixed assets22/27€708k€668k▼
Land and buildings22€633k€621k▼
Plant, machinery and equipment23€55k€46k▼
Furniture and vehicles24€19k€0▼
Current assets29/58€4k€32k▲
Amounts receivable within one year40/41€4k€31k▲
Trade receivables40€0€20k▲
Other amounts receivable41€4k€11k▲
Cash at bank and in hand54/58€0-
Deferred charges and accrued income490/1€490€573▲
Equity and liabilities
Total equity and liabilities10/49€712k€699k▼
Equity10/15€87k€64k▼
Contributions10/11€100k€100k=
Reserves13€60k€60k=
Distributable reserves133€60k€60k=
Profit (loss) carried forward14€-73k€-95k▼
Provisions and deferred taxes16€56k€56k=
Provisions for liabilities and charges160/5€56k€56k=
Other liabilities and charges164/5€56k€56k=
Amounts payable17/49€569k€579k▲
Amounts payable after more than one year17€70k€70k=
Financial debts170/4€0-
Other amounts payable178/9€70k€70k=
Amounts payable within one year42/48€499k€509k▲
Current portion of amounts payable after more than one year42€475k€475k=
Financial debts43€2k€2k▲
Credit institutions430/8€2k€2k▲
Trade debts44€9k€18k▲
Suppliers440/4€9k€18k▲
Taxes, remuneration and social security45€13k€13k▲
Taxes450/3€13k€13k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€763€863▲
Income statement
Code20242024
Non-recurring operating income76A€0€20k▲
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€19k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€56k€0▼
Other operating charges640/8€8k€298▼
Non-recurring operating charges66A€0€8k▲
Gross operating margin9900€-12k€5k▲
Operating profit (loss)9901€-102k€-22k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€8k€576▼
Recurring financial charges65€8k€576▼
Profit (loss) for the period before taxes9903€-110k€-23k▲
Income taxes67/77€0-
Profit (loss) for the period9904€-110k€-23k▲
Profit (loss) for the period to be appropriated9905€-110k€-23k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-73k€-95k▼
Profit (loss) brought forward from the previous period14P€37k€-73k▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 6 days late
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 144 days late
03-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 246 days late
2024
08-07
Financial
Weakest financial yearnet €-110k ▼392%
Net result drops to €-110k, the lowest in the series.
2023
31-12
Financial
Highest result since 2018net €38k ▲132%
Operating result €68k, net result €38k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
31-12
Financial
Equity above €150kEq €159k ▲11.3%
Equity rises from €143k to €159k.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Equity above €150kEq €160k ▲15.2%
3 profitable years in a row build equity to €160k.
23-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 84 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Waregem · 1 establishment unit since 2011
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.
Zultseweg 868790 WaregemGround area
1,136 m²
Building footprint
356 m²
Volume, LiDAR
1,345 m³
Parcel 34452A0232/00K000, Flanders · tallest building 6.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
M.D. ELEKTRO
since 20112.195.266.089
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34452A0232/00K000 | Flanders | 1,135 m² | 1 · 356 m² | 6.9 m · 1 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.
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Of 24,863 companies in sector 96220 we hold annual accounts for 1,443. 1,099 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-12-2010
Fiscal year end31-12
Activities, NACEBEL
96022Beauty treatment
96220Beauty care and other beauty treatments
43211General electrical installation work
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
96040Personal service activities
96999Other personal services
96230Day spas, saunas and steam baths
Sources
Crossroads Bank for EnterprisesNational Bank · 15 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.