M D M
ActiveSummary
M D M has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-1k) and a net result of €4k. Equity is shrinking by ~47.4% per year across the filed fiscal years. Its solvency ranks better than 6% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency2▲+2
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.73; short-term debt: 122.6% and cash: 28.1% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
-22.6%
Return on assets
64.1%
Age of the figures
9 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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 6% of 27965 sector peers (2025).
NBB · sector comparisonPosition among 27965 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: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
25 d late
2024
36 d early
2023
27 d early
2022
31 d early
2021
30 d late
2020
31 d late
2019
55 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-1k▲ 73.9%
2024 · €-5k
2018: €4k
2019: €21k▲ +406% vs 2018
2020: €19k▼ -9.9% vs 2019
2021: €22k▲ +13.1% vs 2020highest in 8 years
2022: €10k▼ -53.3% vs 2021
2023: €6k▼ -41.6% vs 2022
2024: €-5k▼ -189% vs 2023lowest in 8 years
2025: €-1k▲ +73.9% vs 2024
2018 → 2025
Total assets
€6k▲ 61.3%
2024 · €4k
2018: €66k
2019: €68k▲ +2.4% vs 2018highest in 8 years
2020: €61k▼ -10.1% vs 2019
2021: €49k▼ -20.0% vs 2020
2022: €17k▼ -64.0% vs 2021
2023: €17k▼ -1.8% vs 2022
2024: €4k▼ -78.2% vs 2023lowest in 8 years
2025: €6k▲ +61.3% vs 2024
2018 → 2025
Net result
€4k
2024 · €-11k
2018: €-9k
2019: €17k▲ +282% vs 2018highest in 8 years
2020: €-2k▼ -112% vs 2019
2021: €3k▲ +219% vs 2020
2022: €-12k▼ -561% vs 2021lowest in 8 years
2023: €-4k▲ +63.6% vs 2022
2024: €-11k▼ -165% vs 2023
2025: €4k▲ +135% vs 2024
2018 → 2025
Working capital
€-2k▲ 70.5%
2024 · €-7k
2018: €-6k
2019: €16k▲ +360% vs 2018
2020: €16k▲ +4.6% vs 2019
2021: €16k▲ +0.1% vs 2020highest in 8 years
2022: €7k▼ -58.7% vs 2021
2023: €5k▼ -26.6% vs 2022
2024: €-7k▼ -238% vs 2023lowest in 8 years
2025: €-2k▲ +70.5% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€22k-€10k▼ 53.3%€6k▼ 41.6%€-5k€-1k▲ 73.9%
2021: €22khighest in 5 years
2022: €10k▼ -53.3% vs 2021
2023: €6k▼ -41.6% vs 2022
2024: €-5k▼ -189% vs 2023lowest in 5 years
2025: €-1k▲ +73.9% vs 2024
Operating result€3k-€-9k€-4k▲ 57.3%€-11k▼ 176%€4k
2021: €3k
2022: €-9k▼ -430% vs 2021
2023: €-4k▲ +57.3% vs 2022
2024: €-11k▼ -176% vs 2023lowest in 5 years
2025: €4k▲ +136% vs 2024highest in 5 years
Net result€3k-€-12k€-4k▲ 63.6%€-11k▼ 165%€4k
2021: €3k
2022: €-12k▼ -561% vs 2021lowest in 5 years
2023: €-4k▲ +63.6% vs 2022
2024: €-11k▼ -165% vs 2023
2025: €4k▲ +135% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €4k after a loss of €11k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6k
Fixed assets
€644 ▼ 58.8%
Current assets
€5k ▲ 147%
Key figures and ratios
EBITDA
€5k▲
2024 · €-10k
Cash flow
€5k▲
2024 · €-10k
Solvency
-22.6%
Current ratio
0.73
Quick ratio
0.71
Debt to equity
-5.42
ROA
64.1%
Interest coverage
37.13▲
2024 · -84.52
Debt
€7k▼
2024 · €9k
Debt ≤ 1 year
€7k▼
2024 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 35 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4k€6k▲
Fixed assets21/28€2k€644▼
Tangible fixed assets22/27€2k€644▼
Plant, machinery and equipment23€2k€644▼
Current assets29/58€2k€5k▲
Stocks and contracts in progress3€0€143▲
Stocks30/36€0€143▲
Amounts receivable within one year40/41€2k€4k▲
Trade receivables40€2k€3k▲
Other amounts receivable41€156€720▲
Cash at bank and in hand54/58€240€2k▲
Equity and liabilities
Total equity and liabilities10/49€4k€6k▲
Equity10/15€-5k€-1k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-24k€-20k▲
Amounts payable17/49€9k€7k▼
Amounts payable within one year42/48€9k€7k▼
Trade debts44€639€0▼
Suppliers440/4€639€0▼
Other amounts payable47/48€8k€7k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€918€918=
Other operating charges640/8€7k€400▼
Non-recurring operating charges66A€574€0▼
Gross operating margin9900€-3k€5k▲
Operating profit (loss)9901€-11k€4k▲
Financial income75/76B€17€0▼
Recurring financial income75€17€0▼
Financial charges65/66B€120€133▲
Recurring financial charges65€120€133▲
Profit (loss) for the period before taxes9903€-11k€4k▲
Profit (loss) for the period9904€-11k€4k▲
Profit (loss) for the period to be appropriated9905€-11k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-24k€-20k▲
Profit (loss) brought forward from the previous period14P€-13k€-24k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €18k | €9k | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €4k | €918 | €918 | €918 | = |
| Other operating charges640/8 | €578 | €7k | €430 | €7k | €400 | ▼ 94.1% |
| Non-recurring operating charges66A | - | - | - | €574 | €0 | ▼ 100% |
| Gross operating margin9900 | €29k | €10k | €-3k | €-3k | €5k | ▲ 291% |
| Operating profit (loss)9901 | €3k | €-9k | €-4k | €-11k | €4k | ▲ 136% |
| Financial income75/76B | €125 | €83 | €0 | €17 | €0 | ▼ 100% |
| Recurring financial income75 | €125 | €83 | €0 | €17 | €0 | ▼ 100% |
| Financial charges65/66B | €463 | €2k | €208 | €120 | €133 | ▲ 10.7% |
| Recurring financial charges65 | €463 | €2k | €208 | €120 | €133 | ▲ 10.7% |
| Profit (loss) for the period before taxes9903 | €3k | €-12k | €-4k | €-11k | €4k | ▲ 135% |
| Profit (loss) for the period9904 | €3k | €-12k | €-4k | €-11k | €4k | ▲ 135% |
| Profit (loss) for the period to be appropriated9905 | €3k | €-12k | €-4k | €-11k | €4k | ▲ 135% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €49k | €17k | €17k | €4k | €6k | ▲ 61.3% |
| Fixed assets21/28 | €7k | €3k | €2k | €2k | €644 | ▼ 58.8% |
| Tangible fixed assets22/27 | €7k | €3k | €2k | €2k | €644 | ▼ 58.8% |
| Plant, machinery and equipment23 | €7k | €3k | €2k | €2k | €644 | ▼ 58.8% |
| Furniture and vehicles24 | €0 | - | - | - | - | - |
| Current assets29/58 | €41k | €14k | €15k | €2k | €5k | ▲ 147% |
| Stocks and contracts in progress3 | €6k | €3k | €150 | €0 | €143 | - |
| Stocks30/36 | €6k | €3k | €150 | €0 | €143 | - |
| Amounts receivable within one year40/41 | €29k | €8k | €13k | €2k | €4k | ▲ 83.2% |
| Trade receivables40 | €26k | €8k | €12k | €2k | €3k | ▲ 58.9% |
| Other amounts receivable41 | €2k | €0 | €475 | €156 | €720 | ▲ 361% |
| Cash at bank and in hand54/58 | €6k | €3k | €2k | €240 | €2k | ▲ 606% |
| Deferred charges and accrued income490/1 | €249 | €64 | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €49k | €17k | €17k | €4k | €6k | ▲ 61.3% |
| Equity10/15 | €22k | €10k | €6k | €-5k | €-1k | ▲ 73.9% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €3k | €-8k | €-13k | €-24k | €-20k | ▲ 16.2% |
| Amounts payable17/49 | €27k | €7k | €11k | €9k | €7k | ▼ 17.6% |
| Amounts payable after more than one year17 | €946 | €0 | - | - | - | - |
| Financial debts170/4 | €946 | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €25k | €7k | €10k | €9k | €7k | ▼ 17.6% |
| Current portion of amounts payable after more than one year42 | €6k | €946 | €0 | - | - | - |
| Trade debts44 | €10k | €171 | €3k | €639 | €0 | ▼ 100% |
| Suppliers440/4 | €10k | €171 | €3k | €639 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €878 | €229 | €0 | - | - | - |
| Taxes450/3 | €3 | €220 | €0 | - | - | - |
| Remuneration and social security454/9 | €875 | €9 | €0 | - | - | - |
| Other amounts payable47/48 | €8k | €6k | €7k | €8k | €7k | ▼ 11.3% |
| Accrued charges and deferred income492/3 | €876 | €0 | €2k | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €-12k | €-4k | €-11k | €4k | ▲ 135% |
| + Depreciation and write-downs630 | €7k | €4k | €918 | €918 | €918 | = |
| Operating cash flow (approximation) | €10k | €-8k | €-3k | €-10k | €5k | ▲ 147% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €-3k | €-1k | €-2k | €1k | ▲ 189% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
31-12
Financial
Back to profitnet €4k
Net result €4k after 3 loss-making years.
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 55 days late
2019
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
08-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Plombières · 1 establishment unit since 2015
Ground area
576 m²
Building footprint
98 m²
Volume, LiDAR
672 m³
Parcel 63028A0607/00M000, Wallonia · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
M D M SPRL
since 20152.237.534.137
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63028A0607/00M000 | Wallonia | 576 m² | 1 · 98 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 8,566 companies in sector 43410 we hold annual accounts for 4,363. 1,653 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-12-2014
Fiscal year end31-12
Activities, NACEBEL 2025
43410Roofing work
01700Crop and animal production, hunting and related service activities
25210Manufacture of fabricated metal products, except machinery and equipment
43421Specialised construction activities
81100Combined facilities support activities
81300Landscape service activities
Scores and ratios are computed by Checked and are not a credit decision.