M.D. TRANSPORT
ActiveM.D. TRANSPORT has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €46k and a net result of €8k. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 52% of 4478 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
61
/ 100
Healthy▼ -10 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87▲+19
Solvency56▲+13
Growth72=
Stability100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity short (current ratio 0.71 against 0.61 in 2024), and 59.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
40.8%
Return on assets
7.1%
Age of the figures
9 mo
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
42 d early
2023
26 d late
2022
28 d late
2021
23 d late
2020
23 d late
2019
31 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€232k▲ 39.6%
2023 · €166k
2018: €160k
2023: €166k
2018 → 2024
EBIT margin
5.3%▲ 2.3pp
2023 · 3.0%
2018: 5.5%
2023: 3.0%
2018 → 2024
Net result
€8k▼ 20.8%
2024 · €10k
2018: €4k
2019: €-15k
2020: €-8k
2021: €23k
2022: €-6k
2023: €2k
2024: €10k
2018 → 2025
Working capital
€-20k▲ 35.4%
2024 · €-30k
2018: €68k
2019: €21k
2020: €19k
2021: €22k
2022: €36k
2023: €25k
2024: €-30k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€166k€232k▲ 39.6%
Equity€51k-€45k▼ 12.7%€46k▲ 4.2%€38k▼ 18.3%€46k▲ 21.1%
Operating result€25k-€-4k€5k€12k▲ 145%€9k▼ 24.6%
Net result€23k-€-6k€2k€10k▲ 440%€8k▼ 20.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 25% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €113k
Fixed assets
€65k▼ 4.0%
Current assets
€47k▼ 1.2%
Equity and liabilities €113k
Equity
€46k▲ 21.1%
Debt
€67k▼ 14.4%
The debt ratio falls from 67.3% to 59.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€24k▼
2024 · €27k
Cash flow
€23k▼
2024 · €25k
Solvency
40.8%▲
2024 · 32.7%
Current ratio
0.71▲
2024 · 0.61
Quick ratio
0.71▲
2024 · 0.61
Debt / equity
1.45▼
2024 · 2.05
ROE
17.4%▼
2024 · 26.6%
ROA
7.1%▼
2024 · 8.7%
Interest coverage
19.61▲
2024 · 12.68
Debt
€67k▼
2024 · €78k
Debt ≤ 1 year
€67k▼
2024 · €78k
Staff costs
€114k▲
2024 · €99k
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€116k€113k▼
Fixed assets21/28€68k€65k▼
Tangible fixed assets22/27€68k€65k▼
Furniture and vehicles24€54k€52k▼
Leasing and similar rights25€15k€14k▼
Current assets29/58€48k€47k▼
Amounts receivable within one year40/41€8k€5k▼
Trade receivables40€3k-
Other amounts receivable41€4k€5k▲
Cash at bank and in hand54/58€40k€43k▲
Equity and liabilities
Total equity and liabilities10/49€116k€113k▼
Equity10/15€38k€46k▲
Reserves13€838€838=
Non-distributable reserves130/1€838€838=
Reserves not available under the articles1311€838€838=
Profit (loss) carried forward14€37k€45k▲
Amounts payable17/49€78k€67k▼
Amounts payable within one year42/48€78k€67k▼
Trade debts44€2k€1k▼
Suppliers440/4€2k€1k▼
Taxes, remuneration and social security45€12k€16k▲
Taxes450/3-€388
Remuneration and social security454/9€12k€16k▲
Other amounts payable47/48€64k€49k▼
Income statement
Code20242025
Turnover70€232k-
Non-recurring operating income76A€7k-
Goods, raw materials, services and sundry goods60/61€105k-
Remuneration, social security and pensions62€99k€114k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€15k▼
Other operating charges640/8€8k€13k▲
Gross operating margin9900€134k€151k▲
Operating profit (loss)9901€12k€9k▼
Financial income75/76B€1€2▲
Recurring financial income75€1€2▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€10k€8k▼
Profit (loss) for the period9904€10k€8k▼
Profit (loss) for the period to be appropriated9905€10k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€37k€45k▲
Profit (loss) brought forward from the previous period14P€27k€37k▲
The notes to these accounts (8 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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
31-12
Financial
Back to profitnet €23k
Net result €23k after 2 loss-making years.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet €-15k ▼461%
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
19-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 50 days late
2018
05-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 97 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Vorst · 1 establishment unit since 1991
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.
Georges Leclercqstraat 861190 VorstGround area
192 m²
Building footprint
76 m²
Volume, LiDAR
1,029 m³
2 parcels, Brussels · tallest building 17.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
M.D. TRANSPORT
since 19912.054.240.462
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21332B0493/00S031 | Brussels | 100 m² | - | - |
| 21007A0062/00L025 | Brussels | 92 m² | 1 · 76 m² | 17.1 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 6,981 companies in sector 49320 we hold annual accounts for 2,683. 2,124 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-09-1991
Fiscal year end31-12
Activities, NACEBEL
49320Non-scheduled passenger transport by road
49330On-demand passenger transport by chauffeured vehicle
49390Land transport and transport via pipelines
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.