M.D. GESTION
ActiveSummary
M.D. GESTION has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.67M and a net result of €155k. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 73% of 4539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▲+8
Solvency94▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €550k at 30 days acceptable
Liquidity ample (current ratio 6.76 against 7.15 in 2024; short-term debt: 6.7% and cash: 9.5% of total assets), and 30.7% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
69.3%
Return on assets
1.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
27 d late
2023
29 d late
2022
71 d late
2021
30 d late
2020
30 d late
2019
52 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€155k▼ 4.3%
2024 · €161k
2018: €397k
2019: €355k
2020: €3.88M
2021: €-93k
2022: €185k
2023: €63k
2024: €161k
2018 → 2025
Working capital
€3.72M▼ 16.2%
2024 · €4.44M
2018: €1.47M
2019: €1.95M
2020: €6.32M
2021: €6.09M
2022: €5.84M
2023: €5.11M
2024: €4.44M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€7.25M-€7.05M▼ 2.8%€6.71M▼ 4.8%€6.52M▼ 2.9%€6.67M▲ 2.4%
Operating result€-198k-€140k€-10k€44k€112k▲ 156%
Net result€-93k-€185k€63k▼ 66.1%€161k▲ 157%€155k▼ 4.3%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 156% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.62M
Fixed assets
€5.25M ▲ 8.5%
Current assets
€4.37M ▼ 15.4%
Equity and liabilities €9.62M
Equity
€6.67M ▲ 2.4%
Provisions
€69k ▼ 3.2%
Debt
€2.88M ▼ 15.6%
Debt's share of the balance-sheet total falls from 34.1% to 30.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€330k▲
2024 · €316k
Cash flow
€373k▼
2024 · €434k
Current ratio
6.76▼
2024 · 7.15
Quick ratio
6.56▼
2024 · 6.97
Debt to equity
0.43▼
2024 · 0.52
ROE
2.3%▼
2024 · 2.5%
ROA
1.6%▼
2024 · 1.6%
Interest coverage
6.19▲
2024 · 5.07
Debt ≤ 1 year
€646k▼
2024 · €722k
Debt > 1 year
€2.20M▼
2024 · €2.65M
Income taxes
€45k▲
2024 · €18k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 65 lines
Balance sheet
Code20242025
Assets
Total assets20/58€10.01M€9.62M▼
Fixed assets21/28€4.84M€5.25M▲
Tangible fixed assets22/27€4.72M€5.13M▲
Land and buildings22€4.40M€4.80M▲
Plant, machinery and equipment23€258k€290k▲
Furniture and vehicles24€60k€40k▼
Financial fixed assets28€120k€120k=
Current assets29/58€5.16M€4.37M▼
Amounts receivable after more than one year29€1.67M€1.27M▼
Other amounts receivable291€1.67M€1.27M▼
Stocks and contracts in progress3€133k€133k=
Stocks30/36€133k€133k=
Amounts receivable within one year40/41€33k€55k▲
Trade receivables40€32k€53k▲
Other amounts receivable41€953€2k▲
Current investments50/53€1.94M€1.94M=
Cash at bank and in hand54/58€1.32M€918k▼
Deferred charges and accrued income490/1€64k€52k▼
Equity and liabilities
Total equity and liabilities10/49€10.01M€9.62M▼
Equity10/15€6.52M€6.67M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€5.48M€5.64M▲
Non-distributable reserves130/1€1.20M€1.20M=
Legal reserve130€6k€6k=
Own shares acquired1312€1.19M€1.19M=
Tax-exempt reserves132€213k€206k▼
Distributable reserves133€4.07M€4.23M▲
Profit (loss) carried forward14€972k€973k▲
Provisions and deferred taxes16€71k€69k▼
Deferred taxes168€71k€69k▼
Amounts payable17/49€3.42M€2.88M▼
Amounts payable after more than one year17€2.65M€2.20M▼
Financial debts170/4€1.09M€998k▼
Other amounts payable178/9€1.55M€1.20M▼
Amounts payable within one year42/48€722k€646k▼
Current portion of amounts payable after more than one year42€103k€105k▲
Trade debts44€16k€35k▲
Suppliers440/4€16k€35k▲
Taxes, remuneration and social security45€15k€50k▲
Taxes450/3€15k€50k▲
Other amounts payable47/48€588k€457k▼
Accrued charges and deferred income492/3€47k€40k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€272k€218k▼
Other operating charges640/8€30k€34k▲
Gross operating margin9900€346k€364k▲
Operating profit (loss)9901€44k€112k▲
Financial income75/76B€195k€139k▼
Recurring financial income75€195k€139k▼
Financial charges65/66B€62k€53k▼
Recurring financial charges65€62k€53k▼
Profit (loss) for the period before taxes9903€177k€197k▲
Transfer from deferred taxes780€2k€2k=
Income taxes67/77€18k€45k▲
Profit (loss) for the period9904€161k€155k▼
Transfer from tax-exempt reserves789€7k€7k=
Profit (loss) for the period to be appropriated9905€168k€161k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.14M€1.13M▼
Profit (loss) brought forward from the previous period14P€971k€972k=
Transfer from equity791/2€358k-
Transfer to equity691/2€168k€160k▼
To other reserves6921€168k€160k▼
Profit to be distributed694/7€358k-
Return on contributions (dividend)694€358k-
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 27 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 71 days late
2022
31-12
Financial
Back to profitnet €185k
Net result €185k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
31-12
Financial
Weakest financial yearnet €-93k ▼102%
Net result drops to €-93k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-12
Financial
Highest result since 2018net €3.88M ▲994%
Net result €3.88M, the highest in the series.
31-12
Financial
Liquidity triplescurrent ratio 15.26
Current ratio from 5.56 to 15.26.
31-12
Financial
Equity above €5MEq €7.34M ▲113%
3 profitable years in a row build equity to €7.34M.
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 52 days late
Show earlier events
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full 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
11 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, Marche-en-Famenne · 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.
Marche,Boucle de la Famenne 126900 Marche-en-Famenne1 establishment unit
M.D. GESTION
since 19932.060.595.942
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Of 12,022 companies in sector 68203 we hold annual accounts for 5,986. 2,326 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded31-12-1992
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
46180Agents specialised in the wholesale of other particular products
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filings
Scores and ratios are computed by Checked and are not a credit decision.