M&D GROUP

Active

Private limited companyfounded 20196 yrs activeScheeplosserstraat 107, 9000 Gent, BelgiumKBO/BCE: BE 0735.896.636

The computed 12-month bankruptcy probability of M&D GROUP is 3.8% (moderate). The 2024 annual accounts show negative equity (€-7k) and a net result of €-80k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 1077 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

22 / 100

Critical

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-54

Solvency20▼-23

Growth55▼-30

Track record100

Bankruptcy probability, 12 months

3.8% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity tight (current ratio 1.08 against 1.22 in 2023; short-term debt: 70.7% and cash: 0.8% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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 2024

Solvency, return and age of the figures

Solvency

-5.4%

Return on assets

-64.7%

Age of the figures

21 mo

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 81

Relative position

BE, all sectors

reference

Sector 81

higher

← fewer bankruptcies more bankruptcies →

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

2021222324

2020 to 2024 · latest year €-7k

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-03-2026, 223 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 5 filings

Deviation from the deadline

2025

not confirmed

2024

223 d late

2023

64 d early

2022

136 d early

2021

45 d early

2020

33 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Turnover

€301k▲ 241%

2020 · €88k

2020: €88k

2020 → 2023

EBIT margin

15.0%▼ 16.9pp

2020 · 31.9%

2020: 31.9%

2020 → 2023

Net result

€-80k

2023 · €45k

2020: €28k 2021: €13k 2022: €75k 2023: €45k

2020 → 2024

Working capital

€7k▼ 94.4%

2023 · €122k

2020: €28k 2021: €40k 2022: €43k 2023: €122k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€88k-€301k

Equity€28k-€28k=€75k▲ 165%€125k▲ 67.0%€-7k

Operating result€28k-€19k▼ 31.5%€75k▲ 287%€45k▼ 39.5%€-71k

Net result€28k-€13k▼ 54.2%€75k▲ 480%€45k▼ 39.5%€-80k

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €71k after €45k in 2023, the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €124k

23.7%

76.3%

Fixed assets €29k▲ 985%

Current assets €94k▼ 86.1%

Key figures and ratios

2024 value · change against 2023

EBITDA

€-56k

Cash flow

€-65k

Solvency

-5.4%▼

2023 · 18.3%

Current ratio

1.08▼

2023 · 1.22

Quick ratio

1.08▼

2023 · 1.22

Debt / equity

-19.50▼

2023 · 4.47

ROA

-64.7%▼

2023 · 6.6%

Interest coverage

-22.72

Debt

€130k▼

2023 · €557k

Debt ≤ 1 year

€87k▼

2023 · €557k

Debt > 1 year

€43k

Income taxes

€7k

Staff costs

€212k▲

2023 · €138k

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€682k€124k▼

Fixed assets21/28€3k€29k▲

Tangible fixed assets22/27€3k€29k▲

Plant, machinery and equipment23€1k-

Furniture and vehicles24€1k€29k▲

Current assets29/58€679k€94k▼

Amounts receivable after more than one year29-€6k

Other amounts receivable291-€6k

Amounts receivable within one year40/41€535k€87k▼

Trade receivables40€498k€71k▼

Other amounts receivable41€36k€16k▼

Cash at bank and in hand54/58€144k€952▼

Equity and liabilities

Total equity and liabilities10/49€682k€124k▼

Equity10/15€125k€-7k▼

Contributions10/11€45k€1▼

Profit (loss) carried forward14€80k€-7k▼

Amounts payable17/49€557k€130k▼

Amounts payable after more than one year17-€43k

Financial debts170/4-€43k

Amounts payable within one year42/48€557k€87k▼

Current portion of amounts payable after more than one year42-€13k

Trade debts44€557k€37k▼

Suppliers440/4€557k€37k▼

Taxes, remuneration and social security45-€22k

Taxes450/3-€1k

Remuneration and social security454/9-€21k

Other amounts payable47/48-€15k

Income statement Code20232024

Operating income70/76A€301k-

Turnover70€301k-

Operating charges60/66A€256k-

Goods for resale, raw materials and consumables60€38k-

Purchases600/8€38k-

Services and other goods61€80k-

Remuneration, social security and pensions62€138k€212k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€15k

Other operating charges640/8€30€2k▲

Non-recurring operating charges66A-€80k

Gross operating margin9900-€237k

Operating profit (loss)9901€45k€-71k▼

Financial income75/76B-€15

Recurring financial income75-€15

Financial charges65/66B-€2k

Recurring financial charges65-€2k

Profit (loss) for the period before taxes9903€45k€-73k▼

Income taxes67/77-€7k

Profit (loss) for the period9904€45k€-80k▼

Profit (loss) for the period to be appropriated9905€45k€-80k▼

Appropriation of the result

Profit (loss) to be appropriated9906€45k€-520▼

Profit (loss) brought forward from the previous period14P-€80k

Transfer from equity791/2€34k-

From contributions791€34k-

Transfer to equity691/2-€6k

To other reserves6921-€6k

Social balance

Average headcount (FTE)9087138,070.24.7▼

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 8Financial 3Filings 5

2026

11-03

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 223 days late

2024

31-12

Financial Weakest financial yearnet €-80k ▼277%

Net result drops to €-80k, the lowest in the series.

28-05

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

31-12

Financial Equity above €100kEq €125k ▲67%

4 profitable years in a row build equity to €125k.

17-03

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

31-12

Financial Highest result since 2020net €75k ▲480%

Operating result €75k, net result €75k, both a record.

16-06

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

02-09

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 33 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, Gent · 1 establishment unit since 2019

establishment The establishment unit on the map

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.

Scheeplosserstraat 1079000 Gent

Ground area

130 m²

Building footprint

61 m²

Volume, LiDAR

504 m³

Parcel 44812P0947/00Y002, Flanders · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

M&D GROUP

Scheeplosserstraat 107, 9000 GentSpecialised construction activities

since 20192.294.523.023

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44812P0947/00Y002	Flanders	130 m²	1 · 61 m²	10.7 m · 3 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.

Similar companies · same sector, comparable size

Braine-le-Comte · Eq €125k

NAAF

BE 0759.516.532

Schaarbeek · Eq €125k

Of 7,356 companies in sector 81210 we hold annual accounts for 2,735. 2,093 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded09-10-2019

Fiscal year end31-12

Activities, NACEBEL

81210General cleaning of buildings

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.