Financials
- Fiscal year
- 2025
- Total assets
- €241,822
- Loss
- -€8,401
- Solvency
- 20.5%
Total assets▼ 5.3%
Net result
20182025
M & D Immo
ActiveSummary
M & D Immo has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €49,637 and a net result of -€8,401. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 34% of 12348 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Overview
What they do
Wholesale trade
NACE 46641NACE 46691
1 site
How big
€241,822total assets 2025
- Equity
- €49,637
- Loss
- -€8,401
Turnover not published (abridged schema)
Who decides
Accounts filed 25 d late0 of 1 deed read
Why 65- Liquidity: current ratio 0.00, cash €127- Loss of €8,401 (FY 2025)- Sector Wholesale trade (NACE 46)+ Size: total assets €241,822Show the evidence
Checked score
Score 2025
65
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 29% of its sector peers (NACE 46, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
46-2
equity 20.5% of total assets
Liquidity
38-4
short-term debt 28.6% · cash 0.1%
Profitability
35-37
return on assets -3.5%
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
- Liquidity: current ratio 0.00, cash €127 raises the probability
- Size: total assets €241,822 lowers the probability for this profile
- Loss of €8,401 (FY 2025) raises the probability
- Sector Wholesale trade (NACE 46) raises the probability
Credit up to €3,000 at 30 days acceptable
Liquidity short (current ratio 0.0 against 0.0 in 2024; short-term debt: 28.6% and cash: 0.1% of total assets), and 79.5% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, micro). Better than this share of them on solvency 32%, liquidity 36%, profitability 28%, growth against the median 22%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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
25 d late
2024
25 d late
2023
23 d late
2022
24 d late
2021
26 d late
2020
20 d late
2019
63 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 29 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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. Usually files around 25 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · abbreviated…
- Highest result since 2018net €6,979 ▲770%
Key points
By topic
Timeline
- Events
- 12
- Since
- 2017
- Next accounts
- by 31-07-2027
- 25-08-2026Annual accounts filed
- 25-08-2025Annual accounts filed
- 31-12-2024Highest result since 2018
Company details
- Sites
- 1
- Legal form
- Private limited company (pre-2019)
- Activity
- Wholesale tradeNACE 46641
- Founded
- 12-09-2016
- Year ends
- 31-12
- Peppol
- Not found in the Peppol directory
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