M.D. LOGEMENTS
ActiveThe computed 12-month bankruptcy probability of M.D. LOGEMENTS is 1.6% (moderate). The 2025 annual accounts show negative equity (€-1.22M) and a net result of €-1.90M. Equity is growing by ~2.7% per year across the filed fiscal years. The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
7
/ 100
Critical▼ -41 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency33▼-28
Growth32▼-20
Stability100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.08 against 0.37 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 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 2025Solvency, return and age of the figures
Solvency
-90.2%
Return on assets
-140.2%
Age of the figures
8 mo
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
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€1.2M
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
225 d late
2023
580 d late
2022
70 d late
2021
78 d late
2020
91 d late
2019
24 d late
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€48k
EBIT margin
-40.3%
Net result
€-1.90M▼ 5,757%
2024 · €-32k
2018: €49k
2019: €67k
2020: €-36k
2021: €508k
2022: €32k
2023: €-40k
2024: €-32k
2018 → 2025
Working capital
€-2.22M▼ 486%
2024 · €-378k
2018: €-253k
2019: €-190k
2020: €1.34M
2021: €2.35M
2022: €-401k
2023: €-398k
2024: €-378k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€717k-€749k▲ 4.4%€709k▼ 5.4%€676k▼ 4.6%€-1.22M
Operating result€738k-€33k▼ 95.6%€-46k€-36k▲ 21.9%€-603k▼ 1,569%
Net result€508k-€32k▼ 93.7%€-40k€-32k▲ 19.8%€-1.90M▼ 5,757%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €603k in 2025 against €36k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.35M
Fixed assets
€1.17M▼ 4.6%
Current assets
€188k▼ 15.3%
Key figures and ratios
EBITDA
€-547k▼
2024 · €20k
Cash flow
€-1.84M▼
2024 · €24k
Solvency
-90.2%▼
2024 · 46.9%
Current ratio
0.08▼
2024 · 0.37
Quick ratio
0.08▼
2024 · 0.37
Debt / equity
-1.98▼
2024 · 0.90
ROE
155.4%▲
2024 · -4.8%
ROA
-140.2%▼
2024 · -2.2%
Interest coverage
-6.89▼
2024 · 17.55
Debt
€2.42M▲
2024 · €608k
Debt ≤ 1 year
€2.40M▲
2024 · €600k
Debt > 1 year
€8k=
2024 · €8k
Income taxes
€1.22M▲
2024 · €0
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.44M€1.35M▼
Fixed assets21/28€1.22M€1.17M▼
Tangible fixed assets22/27€1.22M€1.16M▼
Land and buildings22€1.22M€1.16M▼
Financial fixed assets28€310€310=
Current assets29/58€222k€188k▼
Amounts receivable within one year40/41€217k€188k▼
Trade receivables40€27k€14▼
Other amounts receivable41€190k€188k▼
Cash at bank and in hand54/58€5k€0▼
Equity and liabilities
Total equity and liabilities10/49€1.44M€1.35M▼
Equity10/15€676k€-1.22M▼
Contributions10/11€19k€19k=
Reserves13€670k€656k▼
Tax-exempt reserves132€475k€461k▼
Distributable reserves133€195k€195k=
Profit (loss) carried forward14€-13k€-1.89M▼
Provisions and deferred taxes16€158k€154k▼
Deferred taxes168€158k€154k▼
Amounts payable17/49€608k€2.42M▲
Amounts payable after more than one year17€8k€8k=
Other amounts payable178/9€8k€8k=
Amounts payable within one year42/48€600k€2.40M▲
Financial debts43-€73
Credit institutions430/8-€73
Trade debts44€15k€11k▼
Suppliers440/4€15k€11k▼
Taxes, remuneration and social security45€0€1.79M▲
Taxes450/3€0€1.79M▲
Other amounts payable47/48€585k€608k▲
Accrued charges and deferred income492/3€400€9k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€56k€56k=
Other operating charges640/8€6k€543k▲
Gross operating margin9900€26k€-3k▼
Operating profit (loss)9901€-36k€-603k▼
Financial income75/76B€0€2k▲
Recurring financial income75€0€2k▲
Financial charges65/66B€1k€79k▲
Recurring financial charges65€1k€79k▲
Profit (loss) for the period before taxes9903€-37k€-680k▼
Transfer from deferred taxes780€5k€5k=
Income taxes67/77€0€1.22M▲
Profit (loss) for the period9904€-32k€-1.90M▼
Transfer from tax-exempt reserves789€15k€15k=
Profit (loss) for the period to be appropriated9905€-18k€-1.88M▼
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€-1.89M▼
Profit (loss) brought forward from the previous period14P€5k€-13k▼
The notes to these accounts (14 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 · abbreviated schema · 31 days late
27-08
State Gazette act
Judicial annulment · Permanent representativeJudicial annulment · Permanent representative · Director appointment3 facts ▸
State Gazette act
Judicial annulment · Permanent representative
Judicial annulment · Permanent representative · Director appointment3 facts ▸
- Judicial annulment, 2026-06-09
- Permanent representative, Lode Demuynck
- Director appointment, SA Demuynck Bouw
13-03
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 225 days late
03-03
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 580 days late
2025
31-12
Financial
Weakest financial yearnet €-1.90M
Net result drops to €-1.90M, the lowest in the series.
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 70 days late
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 78 days late
2021
31-12
Financial
Back to profitnet €508k
Net result €508k after one loss-making year.
31-12
Financial
Equity above €500kEq €717k ▲242%
Equity rises from €209k to €717k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 91 days late
2020
31-10
Financial
Liquidity times 10current ratio 5.18
Current ratio from 0.50 to 5.18; short-term debt falls from €377k to €322k.
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
31-10
Financial
Equity above €200kEq €246k ▲23.5%
2 profitable years in a row build equity to €246k.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
08-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 342 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2026
SA Demuynck Bouw
CurrentDirector · since 17-08-2026 · Legal entity · perm. rep.: Lode Demuynck
17-08-2026
Appointed
Location & real-estate footprint
Registered office, Mouscron
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.
Canadastraat 27700 MouscronGround area
1,024 m²
Building footprint
368 m²
Parcel 54432C0556/00N010, Wallonia. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54432C0556/00N010 | Wallonia | 1,024 m² | 1 · 368 m² | - |
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.
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-06-2002
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:autos.edition@outlook.be
Phone:+33681820838