Financials
- Fiscal year
- 2025
- Total assets
- €217,240
- Loss
- -€17,414
- Solvency
- 31.8%
Total assets▼ 56.8%
Net result
20182025
M.D. Services
ActiveSummary
M.D. Services has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €69,100 and a net result of -€17,414. Equity is shrinking by ~17.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Activity
Activity not known1 site
Size
€217,240total assets 2025
- Equity
- €69,100
- Loss
- -€17,414
Turnover not published (abridged schema)
Structure
Accounts 1 d early0 of 2 deeds read
Why 83- Loss of €17,414 (FY 2025)+ Size: total assets €217,240+ Founded in 1978+ Figures for FY 2025 (filed 30-07-2026)Show the evidence
Checked score
Score 2025
83
/ 100
Excellent
Probability in this band: under 0.55%
Better than 21% of its sector peers (no NACE code, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
57+15
equity 31.8% of total assets
Liquidity
36-5
short-term debt 48.7% · cash 7.8%
Profitability
13-65
return on assets -8.0%
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 11 months
12-2025: 0.4%
01-2026: 0.4%● 0.0% vs 12-2025
02-2026: 0.4%▲ +0.5% vs 01-2026highest value
03-2026: 0.1%▼ -66.3% vs 02-2026lowest value
04-2026: 0.1%▲ +2.9% vs 03-2026
05-2026: 0.2%▲ +13.3% vs 04-2026
06-2026: 0.2%▲ +17.3% vs 05-2026
07-2026: 0.2%▲ +17.4% vs 06-2026
08-2026: 0.2%▲ +11.2% vs 07-2026
09-2026: 0.2%● 0.0% vs 08-2026
10-2026: 0.2%● 0.0% vs 09-2026
- Size: total assets €217,240 lowers the probability for this profile
- Loss of €17,414 (FY 2025) raises the probability
- Founded in 1978 lowers the probability for this profile
- Figures for FY 2025 (filed 30-07-2026) lowers the probability
Credit up to €5,000 at 30 days acceptable
Liquidity short (current ratio 0.16 against 0.16 in 2024; short-term debt: 48.7% and cash: 7.8% of total assets), and 68.2% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, micro). Better than this share of them on solvency 34%, liquidity 20%, profitability 13%, growth against the median 17%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
28 d late
2023
24 d late
2022
28 d late
2021
28 d late
2020
28 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 24 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
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. Usually files around 28 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
Key points
By topic
Timeline
- Events
- 13
- Since
- 2017
- Next accounts
- by 31-07-2027
- 30-07-2026Annual accounts filed
- 28-08-2025Annual accounts filed
- 24-08-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Founded
- 25-10-1978
- Year ends
- 31-12
- Peppol
- Not found in the Peppol directory
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