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M-DESIGN BENELUX

Active
Private limited companyfounded 2006active for 20 yearsMagerhillestraat 48, 8210 Zedelgem, BelgiumKBO/BCE: BE 0882.624.675

From the official registers: KBO 19 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

M-DESIGN BENELUX has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.8m and a net result of €71,688. Equity has been growing by about 9.6% per year since 2018. Its solvency ranks better than 20% of 9,829 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 1.3% (low).

Overview

Official details

KBO
Status
Active since 17-07-2006 Normal situation
Activity
Wholesale trade NACE 46842and 2 others
Establishment unit
2.155.769.867 8210 Zedelgem, since 28-08-2006
Financial year end
31 December
Peppol
Reachable since 19-09-2025

Board and ownership

Board

Financial position

64 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
1.3%
Annual accounts 2025
Gross margin
€2.1m
▲ 99.6%
Turnover
≈ €9.1m
estimated
Profit
€71,688
▲ 152%
Equity
€2.8m
▲ 2.6%
Total assets
€23.2m
▲ 3.2%
Staff
14.2 FTE
▲ 26.8%
Filed on 30-09-2026, 61 days after the deadlineat the National Bank
Score breakdownraises riskLiquidity: current ratio 0.46, cash €507,865, halvedEquity €2.8m (12.1% of total assets)Last filed accounts filed 61 days late; 1 of the last 3 accounts latelowers riskFounded in 2006Show the evidence

Checked score

Score 2025
64 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 33% of small companies in wholesale trade (NACE 46)
Financial strength · tick: 2024
Weak
Solvency 37=
equity 12.1% of total assets
Liquidity 22-1
short-term debt 59.5% · cash 2.2%
Profitability 66+7
return on assets 0.3%
Bankruptcy probability within 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,376 companies, NACE 46, small)
Last 24 months 11-2024: 0.8% 12-2024: 0.8%● unchanged vs 11-2024 01-2025: 0.8%● unchanged vs 12-2024 02-2025: 0.8%● unchanged vs 01-2025 03-2025: 0.8%● unchanged vs 02-2025 04-2025: 0.8%● unchanged vs 03-2025 05-2025: 0.8%● unchanged vs 04-2025 06-2025: 0.8%● unchanged vs 05-2025 07-2025: 1.1%▲ +0.3 percentage points vs 06-2025 08-2025: 1.7%▲ +0.6 percentage points vs 07-2025 09-2025: 2.2%▲ +0.5 percentage points vs 08-2025highest value 10-2025: 0.3%▼ -1.9 percentage points vs 09-2025lowest value 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.4%▲ +0.1 percentage points vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 0.8%▲ +0.4 percentage points vs 07-2026 09-2026: 1.0%▲ +0.2 percentage points vs 08-2026 10-2026: 1.3%▲ +0.3 percentage points vs 09-2026
Credit of up to €170,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.46 (0.46 in 2024), below 1. Short-term debt is 59.5% and cash 2.2% of total assets. 87.9% of the assets are financed with debt and provisions.
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 46, small). It does better than 14% of them on solvency, 19% on liquidity, 54% on profitability and 46% on growth.

The bankruptcy probability was computed on 31-10-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises risk
raises risk · Liquidity: current ratio 0.46, cash €507,865, halved
NBB · annual accounts
raises risk · Equity €2.8m (12.1% of total assets)
NBB · annual accounts
lowers risk · Founded in 2006
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Last filed accounts filed 61 days late; 1 of the last 3 accounts late
NBB · filings
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 9829 sector peers (2025).
NBB · sector comparison
Position among 9829 sector peers
Solvency
better than 20%
← weakest strongest →
raises risk · 2025 accounts filed 61 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
61 days late
2024
30 days late
2023
5 days early
2022
5 days early
2021
2 days early
2020
1 day early
2019
138 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 31 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% 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 29 July (4 of the last 5 accounts filed within 32 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: More equity than 93% of companies in wholesale tradesector median €364,964 · 9,825 companies €2.8m View
  • Positive: 8 profitable years in a rowprofit 2025: €71,688 8 years View
  • Positive: More staff in 2025from 11.2 FTE to 14.2 FTE ▲ 26.8% View

Comparable companies

These companies have the same main activity as M-DESIGN BENELUX: wholesale trade (NACE 46842). They are comparable in size and age: total assets between €4.6m and €14m, founded between 1997 and 2011.

CompanyTotal assetsGross margin
M-DESIGN BENELUX Zedelgem€23.2m€2.1m
BELGIAN BOILER COMPANY Laarne€14.4m€3.5m
GOMUTEC Ieper€5.4m€1.4m
JOETRON Kampenhout€7.2m€2.1m
T.E.P. Wavre€5.0m€2.8m
THE FITTING COMPANY Oudsbergen€6.5m€2.1m
L.T.I. Ninove€4.6m€1.3m
Full comparison

Documents

Annual accounts at the NBB

All 19 annual accounts

Articles and registers

Key facts about M-DESIGN BENELUX

What is the company number of M-DESIGN BENELUX?
The company number of M-DESIGN BENELUX is 0882.624.675. The VAT number is the same number with BE in front: BE 0882.624.675.
Where is M-DESIGN BENELUX based?
The registered office is at Magerhillestraat 48, 8210 Zedelgem.Company details
What does M-DESIGN BENELUX do?
According to the KBO register, the main activity is wholesale trade (NACE 46842).
What is the legal form of M-DESIGN BENELUX?
The legal form of M-DESIGN BENELUX is Private limited company (BV).
When was M-DESIGN BENELUX founded?
M-DESIGN BENELUX was founded on 17-07-2006.
Is M-DESIGN BENELUX still active?
Yes, M-DESIGN BENELUX is an active enterprise in the KBO register.
How many employees does M-DESIGN BENELUX have?
M-DESIGN BENELUX had an average of 14.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of M-DESIGN BENELUX?
The turnover in financial year 2025 is ≈ €9.1m. This figure is estimated from the gross margin of €2.1m and 100 comparable companies (NACE 46). It probably lies between €5.4m and €15.0m. In financial year 2023 turnover was €8.1m.
Is M-DESIGN BENELUX profitable?
In financial year 2025, M-DESIGN BENELUX made a profit of €71,688.
Where can I find the annual accounts of M-DESIGN BENELUX?
M-DESIGN BENELUX filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of M-DESIGN BENELUX due?
M-DESIGN BENELUX must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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