M&D PROGRESS
BankruptcyAre you a creditor?
The KBO register records a bankruptcy for this company. If it owes you money, you are not paid automatically: you file your claim yourself.
The procedure
The publication of the judgment is not in our data. Court, date and trustee are in RegSol: search by the enterprise number.
What to do now
- Stop delivering on credit unless the trustee agrees.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered, subject to conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the trustee's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
General information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.Creditor guide for this company
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Overview
- Equity
- €22,576
- Profit
- €437
Signalsraises riskRegister: open bankruptcyWeak solvency vs sector2025 accounts filed 3 days lateShow the evidence
Signals
This company filed its last 2 accounts on average 61 days after the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (3 days) Filed on 3 November 2025, deadline 31 October 2025 (7 months after the close on 31 March 2025, Companies Code art. 3:10). Source: NBB, 2025-00563697.
2024 to 2025, 2 financial years
The operating result falls in 2025; 2025 is 82% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Turnover70 | - | €393,213 | - |
| Goods, raw materials, services and sundry goods60/61 | - | €384,423 | - |
| Remuneration, social security and pensions62 | - | €456 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €58 | - |
| Other operating charges640/8 | €4,352 | €2,460 | ▼ 43.5% |
| Gross operating margin9900 | €35,999 | €8,805 | ▼ 75.5% |
| Operating profit (loss)9901 | €31,648 | €5,829 | ▼ 81.6% |
| Financial income75/76B | €573 | €2 | ▼ 99.7% |
| Recurring financial income75 | €573 | €2 | ▼ 99.7% |
| Financial charges65/66B | €5,054 | €5,394 | ▲ 6.7% |
| Recurring financial charges65 | €5,054 | €5,394 | ▲ 6.7% |
| Profit (loss) for the period before taxes9903 | €27,167 | €437 | ▼ 98.4% |
| Income taxes67/77 | €6,028 | - | - |
| Profit (loss) for the period9904 | €21,139 | €437 | ▼ 97.9% |
| Profit (loss) for the period to be appropriated9905 | €21,139 | €437 | ▼ 97.9% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €55,771 | €219,454 | ▲ 293% |
| Fixed assets21/28 | - | €5,743 | - |
| Tangible fixed assets22/27 | - | €643 | - |
| Furniture and vehicles24 | - | €643 | - |
| Financial fixed assets28 | - | €5,100 | - |
| Current assets29/58 | €55,771 | €213,711 | ▲ 283% |
| Amounts receivable within one year40/41 | €55,151 | €208,608 | ▲ 278% |
| Trade receivables40 | €49,739 | €147,584 | ▲ 197% |
| Other amounts receivable41 | €5,412 | €61,025 | ▲ 11× |
| Cash at bank and in hand54/58 | €621 | €5,103 | ▲ 722% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €55,771 | €219,454 | ▲ 293% |
| Equity10/15 | €22,139 | €22,576 | ▲ 2.0% |
| Contributions10/11 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | €21,139 | €21,576 | ▲ 2.1% |
| Amounts payable17/49 | €33,632 | €196,878 | ▲ 485% |
| Amounts payable within one year42/48 | €33,632 | €196,878 | ▲ 485% |
| Trade debts44 | €27,604 | €190,058 | ▲ 589% |
| Suppliers440/4 | €27,604 | €83,850 | ▲ 204% |
| Bills of exchange payable441 | - | €106,208 | - |
| Taxes, remuneration and social security45 | €6,028 | €6,820 | ▲ 13.1% |
| Taxes450/3 | €6,028 | €6,820 | ▲ 13.1% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €21,139 | €437 | ▼ 97.9% |
| + Depreciation and write-downs630 | - | €58 | - |
| Operating cash flow (approximation) | €21,139 | €496 | ▼ 97.7% |
| Change in cash | - | €4,482 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-03-2025 | micro format | 03-11-2025 | 2025-00563697 |
| 31-03-2024 | micro format | 27-02-2025 | 2025-00043942 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
About the unread acts
We know of 1 Belgian Official Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Register details
The company is no longer active; its listing in the Peppol Directory can remain until its access point withdraws it.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 41024A0344/00L000 | Flanders | 445 m² | 1 · 145 m² | 9.1 m · 1 |