Equity
-€1,365
Debts exceed assets in financial year 2025.
M D M
Lifetime
11 annual accounts with figures on one time axispeak €30,786 (2019)
€5,322▲ €8,103
lowest -€11,542 (2022)
€3,872▲ €15,020
peak €21,657 (2021)
-€1,365▲ €3,872
€7,403▼ 17.6%
peak 0.5 FTE (2018)
-not published
Board1 name since 2014
1 directorDany MEESTERS
Documentsfilings and deeds
25-08-202625 days late
2025micro format
Gross margin from -€2,781 to €5,322Back to profit: €3,872Equity from -€5,237 to -€1,365Debts from €8,980 to €7,403Cash from €240 to €1,695
Key points
from the 2025 annual accountsDebts
€7,403 123% of the balance sheet
Position in the sector
-22.6%
Lower solvency than 94% of companies in specialised construction. Sector median 46.7% · 35,136 companies.
2025 accounts filed 25 days after the deadline
Checked score
56
Fair
Financially stronger than 52% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.9%
01-2025: 0.9%● unchanged vs 12-2024
02-2025: 0.9%● unchanged vs 01-2025
03-2025: 0.9%● unchanged vs 02-2025
04-2025: 1.0%▲ +0.1 percentage points vs 03-2025
05-2025: 1.0%● unchanged vs 04-2025
06-2025: 0.9%▼ -0.1 percentage points vs 05-2025
07-2025: 1.0%▲ +0.1 percentage points vs 06-2025
08-2025: 1.5%▲ +0.5 percentage points vs 07-2025
09-2025: 1.5%● unchanged vs 08-2025
10-2025: 1.5%● unchanged vs 09-2025
11-2025: 1.5%● unchanged vs 10-2025
12-2025: 1.5%● unchanged vs 11-2025
01-2026: 1.5%● unchanged vs 12-2025
02-2026: 1.5%● unchanged vs 01-2026
03-2026: 1.5%● unchanged vs 02-2026
04-2026: 1.4%▼ -0.1 percentage points vs 03-2026
05-2026: 1.4%● unchanged vs 04-2026
06-2026: 1.3%▼ -0.1 percentage points vs 05-2026
07-2026: 1.5%▲ +0.2 percentage points vs 06-2026
08-2026: 1.9%▲ +0.4 percentage points vs 07-2026highest value
09-2026: 0.5%▼ -1.4 percentage points vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026lowest value
11-2026: 0.5%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€1,365
Sector: Specialised construction activities (NACE 43)
lowers risk
Size: total assets €6,038
Founded in 2014
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 43, micro). It does better than 5% of them on solvency, 23% on liquidity, 92% on profitability and 88% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 3,632 companies had the same profile as M D M has now. Each dot stands for 10 companies, two years later.
91.8%
were still trading
4.8%
stopped another way
2.9%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of M D M itself is lower: 0.5% within 12 months. It rests on far more data about M D M than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,632 companies, not a prediction for M D M. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.73, below 1. Short-term debt is 122.6% and cash 28.1% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 6% of 35136 sector peers (2025).
NBB · sector comparisonPosition among 35136 sector peers
Solvency
better than 6%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
25 days late
2024
36 days early
2023
27 days early
2022
31 days early
2021
30 days late
2020
31 days late
2019
55 days late
← 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 7 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% 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 5 July (4 of the last 5 accounts filed within 51 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0507621883
Resignation: Dany MEESTERS (manager)
Reappointment: Dany MEESTERS (director) · “Autres activités de soutiens aux entreprise n. c. a. (82990); Autres activités de nettoyage (81290); Commerce…” (deed in French) · General meeting of 04-12-2023 · Gazette deed
First establishment
M D M SPRL, Rue de Terstraeten 17, Plombières
Incorporation
published on 24-12-2014 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| M D M Plombières | €6,038 | €5,322 | -22.6% | - |
| JAX DOHEYN SOLUTIONS Beernem | €7,250 | €4,698 | 54.5% | - |
| TECTUM Nijlen | €5,623 | €4,991 | 20.9% | - |
| LEDUC Hoegaarden | €8,505 | €7,599 | -419.9% | - |
| DAFRIDAK Putte | €11,342 | €8,431 | 9.3% | - |
| MENGE WOODWORKS Lochristi | €10,560 | €7,691 | 74.9% | - |
| TOMS DAK Kortrijk | €15,100 | €7,161 | 73.0% | - |
These companies have the same main activity as M D M: roofing work (NACE 43410). They are comparable in size and age: total assets between €5,620 and €15,100, founded between 2002 and 2019.
Official details
Source: KBO- Status
- Active since 22-12-2014Normal situation
- Activity
- Roofing workNACE 43410and 5 others
- Joint committee
- 124Construction · annual accounts 2023
- Establishment unit
- 2.237.534.1374851 Plombières, since 01-01-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 21-12-2025
Insights on M D M
M D M files the micro format. That format states no turnover. The gross margin fell from €6,707 in 2015 to €5,322 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about M D M
- What is the company number of M D M?
- The company number of M D M is 0507.621.883. The VAT number is the same number with BE in front: BE 0507.621.883.
- Where is M D M based?
- The registered office is at Rue de Terstraeten 17, 4851 Plombières.Company details
- What does M D M do?
- According to the KBO register, the main activity is roofing work (NACE 43410).
- What is the legal form of M D M?
- M D M is a private limited company (BV).
- When was M D M founded?
- M D M was founded on 22-12-2014.
- Is M D M still active?
- Yes, M D M is an active enterprise in the KBO register.
- How many employees does M D M have?
- M D M had an average of 0.3 full-time equivalents in financial year 2022, according to the filed annual accounts.Financials
- Which joint committee does M D M fall under?
- In its 2023 annual accounts, M D M states joint committee 124 (Construction).
- What is the turnover of M D M?
- The turnover in financial year 2025 is ≈ €62,000. This figure is estimated from the gross margin of €5,322 and 32 comparable companies (NACE 43410). It probably lies between €36,000 and €100,000. It is a rough estimate.
- Is M D M profitable?
- In financial year 2025, M D M made a profit of €3,872.
- Where can I find the annual accounts of M D M?
- M D M filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of M D M due?
- M D M must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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