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M&D INVESTMENT

Active
Private limited company (pre-2019)founded 1994active for 32 yearsRoetaertstraat 122, 1180 Ukkel, BelgiumKBO/BCE: BE 0452.800.552

From the official registers: KBO 31 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The computed 12-month bankruptcy probability of M&D INVESTMENT is 1.9% (moderate). The 2025 annual accounts show equity of €71,215 and a net result of €21,389. Equity has been growing by about 23% per year since 2018. Its solvency ranks better than 44% of 501 sector peers (NACE 31, financial year 2025). The company has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

KBO
Status
Active since 09-06-1994 Normal situation
Legal form
Private limited company (pre-2019)
Registered office
Roetaertstraat 122, 1180 Ukkel
Activity
Manufacture of furniture NACE 31009and 2 others
Establishment units
2.067.839.169 1180 Ukkel, since 09-08-1994
2.273.607.348 7180 Seneffe, since 18-12-2017
Financial year end
31 December
Peppol
Reachable since 23-04-2025

Board and ownership

Board
  • IRIMIA MariusDirector
  • IRIMIA Sergiu-NocolaiDirector
  • VARHEGYI MihalyDirector

Financial position

55 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.9%
Annual accounts 2025
Gross margin
€48,870
▲ 157%
Turnover
≈ €200,000
estimated
Profit
€21,389
▲ 446%
Equity
€71,215
▲ 42.9%
Total assets
€206,546
▲ 2.9%
2025 accounts filed 60 days after the deadline
Filed on 29-09-2026at the National Bank
Score breakdownraises riskLast filed accounts filed 60 days late; 3 of the last 3 accounts lateSector: Manufacture of furniture (NACE 31)Liquidity: current ratio 1.49, cash €700lowers riskFounded in 1994Show the evidence

Checked score

Score 2025
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 56% of micro companies in furniture (NACE 31)
Financial strength · tick: 2024
Average
Solvency 59+9
equity 34.5% of total assets
Liquidity 27+3
short-term debt 48.2% · cash 0.3%
Profitability 82+17
return on assets 10.4%
Bankruptcy probability within 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (830 companies, NACE 31, micro)
Last 24 months 11-2024: 1.6% 12-2024: 1.6%● unchanged vs 11-2024 01-2025: 1.6%● unchanged vs 12-2024 02-2025: 1.6%● unchanged vs 01-2025 03-2025: 1.6%● unchanged vs 02-2025 04-2025: 1.6%● unchanged vs 03-2025 05-2025: 1.5%▼ -0.1 percentage points vs 04-2025 06-2025: 1.5%● unchanged vs 05-2025lowest value 07-2025: 1.7%▲ +0.2 percentage points vs 06-2025 08-2025: 2.4%▲ +0.7 percentage points vs 07-2025 09-2025: 2.8%▲ +0.4 percentage points vs 08-2025 10-2025: 2.0%▼ -0.8 percentage points vs 09-2025 11-2025: 2.0%● unchanged vs 10-2025 12-2025: 2.0%● unchanged vs 11-2025 01-2026: 2.0%● unchanged vs 12-2025 02-2026: 2.0%● unchanged vs 01-2026 03-2026: 2.0%● unchanged vs 02-2026 04-2026: 2.0%● unchanged vs 03-2026 05-2026: 2.0%● unchanged vs 04-2026 06-2026: 1.9%▼ -0.1 percentage points vs 05-2026 07-2026: 2.0%▲ +0.1 percentage points vs 06-2026 08-2026: 3.0%▲ +1.0 percentage point vs 07-2026 09-2026: 3.5%▲ +0.5 percentage points vs 08-2026highest value 10-2026: 1.9%▼ -1.6 percentage points vs 09-2026
Credit of up to €3,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.49 (1.24 in 2024), below the usual 1.5. Short-term debt is 48.2% and cash 0.3% of total assets. 65.5% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 31, micro). It does better than 44% of them on solvency, 19% on liquidity, 75% on profitability and 85% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Signals

Five signals.
lowers riskraises risk
raises risk · Last filed accounts filed 60 days late; 3 of the last 3 accounts late
NBB · filings
lowers risk · Founded in 1994
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Sector: Manufacture of furniture (NACE 31)
KBO
raises risk · Liquidity: current ratio 1.49, cash €700
NBB · annual accounts
raises risk · 2025 accounts filed 60 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-09-2026, 60 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
60 days late
2024
60 days late
2023
92 days late
2022
61 days late
2021
25 days late
2020
108 days late
2019
15 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 56 days after the deadline. In the sector (NACE 31), the median for financial year 2024 was 7 days before the deadline, and 37% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 September (4 of the last 5 filed years within 33 days of that day).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: 7 profitable years in a rowprofit 2025: €21,389 7 years View

Documents

Annual accounts at the NBB

All 31 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about M&D INVESTMENT

What is the company number of M&D INVESTMENT?
The company number of M&D INVESTMENT is 0452.800.552. The VAT number is the same number with BE in front: BE 0452.800.552.
Where is M&D INVESTMENT based?
The registered office is at Roetaertstraat 122, 1180 Ukkel.Company details
What does M&D INVESTMENT do?
According to the KBO register, the main activity is manufacture of furniture (NACE 31009).
What is the legal form of M&D INVESTMENT?
The legal form of M&D INVESTMENT is Private limited company (pre-2019) (BVBA).
When was M&D INVESTMENT founded?
M&D INVESTMENT was founded on 09-06-1994.
Is M&D INVESTMENT still active?
Yes, M&D INVESTMENT is an active enterprise in the KBO register.
What is the turnover of M&D INVESTMENT?
The turnover in financial year 2025 is ≈ €200,000. This figure is estimated from the gross margin of €48,870 and 2,949 comparable companies of the same size. It probably lies between €120,000 and €350,000. It is a rough estimate. In financial year 2019 turnover was €298,448.Financials
Is M&D INVESTMENT profitable?
In financial year 2025, M&D INVESTMENT made a profit of €21,389.
Where can I find the annual accounts of M&D INVESTMENT?
M&D INVESTMENT filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of M&D INVESTMENT due?
M&D INVESTMENT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Comparable companies

These companies have the same main activity as M&D INVESTMENT: manufacture of furniture (NACE 31009). They are comparable in size and age: total assets between €104,000 and €528,000, founded between 1990 and 2001.

CompanyTotal assetsGross margin
M&D INVESTMENT Ukkel€206,546€48,870
Talpe J.P. & S. Spiere-Helkijn€233,509€53,419
ALFA CONSTRUCT Heist-op-den-Berg€235,098€76,539
WOOD CHIPS Brussel€137,429€122,563
ETJ PRINTING SERVICE Dendermonde€104,477€24,903
DEKER Ath€528,500€53,355
STUDIO MARC PIETERS Sint-Genesius-Rode€416,082€116,885
Full comparison

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