M-DESK

Active

Private limited companyfounded 20215 yrs activeO. L. Vrouwstraat 177A, 3570 Alken, BelgiumKBO/BCE: BE 0761.622.026

M-DESK has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €8k and a net result of €28k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 17% of 11614 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).

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Checked score

Score 2024

59 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability94▲+94

Solvency39▲+39

Growth78▲+46

Track record94

Bankruptcy probability, 12 months

0.6% Low

0%0.5%1.5%4%10%≥ 25%

No publishable credit limit; credit only on tighter terms

Liquidity tight (current ratio 1.04 against 0.67 in 2023; short-term debt: 85.5% and cash: 17.9% of total assets), and 85.5% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 71

Relative position

BE, all sectors

reference

Sector 71

lower

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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 2024

Solvency, return and age of the figures

Solvency

14.5%

Return on assets

47.8%

Age of the figures

21 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 11614 sector peers (2024).

NBB · sector comparison

Position among 11614 sector peers

Solvency

better than 17%

← weakest strongest →

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-12-2025, 128 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

128 d late

2023

86 d late

2022

113 d late

2021

24 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€8k

2023 · €-19k

2021: €4k 2022: €2k 2023: €-19k

2021 → 2024

Total assets

€58k▲ 17.1%

2023 · €50k

2021: €14k 2022: €54k 2023: €50k

2021 → 2024

Net result

€28k

2023 · €-22k

2021: €700 2022: €-2k 2023: €-22k

2021 → 2024

Working capital

€2k

2023 · €-23k

2021: €4k 2022: €1k 2023: €-23k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€4k-€2k▼ 41.4%€-19k€8k

Operating result€2k-€2k▼ 6.9%€-18k€40k

Net result€700-€-2k€-22k▼ 1,303%€28k

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 2024: €40k after a loss of €18k in 2023, the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €58k

11%

89.0%

Fixed assets €6k▲ 102%

Current assets €52k▲ 11.3%

Equity and liabilities €58k

14.5%

85.5%

Equity €8k

Debt €50k

Debt finances 85.5% of the balance-sheet total.

Key figures and ratios

2024 value · change against 2023

EBITDA

€41k▲

2023 · €-18k

Cash flow

€29k▲

2023 · €-21k

Solvency

14.5%▲

2023 · -39.0%

Current ratio

1.04▲

2023 · 0.67

Quick ratio

1.04▲

2023 · 0.67

Debt / equity

5.90▲

2023 · -3.56

ROE

330.0%

ROA

47.8%▲

2023 · -43.4%

Interest coverage

5.28▲

2023 · -4.61

Debt

€50k▼

2023 · €69k

Debt ≤ 1 year

€50k▼

2023 · €69k

Income taxes

€5k▲

2023 · €164

Staff costs

€69k▼

2023 · €72k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€50k€58k▲

Fixed assets21/28€3k€6k▲

Tangible fixed assets22/27€529€4k▲

Plant, machinery and equipment23-€2k

Furniture and vehicles24€529€2k▲

Financial fixed assets28€3k€3k=

Current assets29/58€46k€52k▲

Amounts receivable within one year40/41€43k€37k▼

Trade receivables40€36k€22k▼

Other amounts receivable41€7k€15k▲

Cash at bank and in hand54/58€39€10k▲

Deferred charges and accrued income490/1€3k€4k▲

Equity and liabilities

Total equity and liabilities10/49€50k€58k▲

Equity10/15€-19k€8k▲

Contributions10/11€3k€3k=

Reserves13€700€5k▲

Distributable reserves133€700€5k▲

Profit (loss) carried forward14€-23k-

Amounts payable17/49€69k€50k▼

Amounts payable within one year42/48€69k€50k▼

Financial debts43€5k-

Credit institutions430/8€5k-

Trade debts44€12k€2k▼

Suppliers440/4€12k€2k▼

Advances received on contracts in progress46€566-

Taxes, remuneration and social security45€46k€42k▼

Taxes450/3€28k€33k▲

Remuneration and social security454/9€19k€9k▼

Other amounts payable47/48€6k€6k▼

Income statement Code20232024

Remuneration, social security and pensions62€72k€69k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€160€796▲

Other operating charges640/8€3k€598▼

Gross operating margin9900€57k€110k▲

Operating profit (loss)9901€-18k€40k▲

Financial income75/76B€309€711▲

Recurring financial income75€309€711▲

Financial charges65/66B€4k€8k▲

Recurring financial charges65€4k€8k▲

Profit (loss) for the period before taxes9903€-21k€33k▲

Income taxes67/77€164€5k▲

Profit (loss) for the period9904€-22k€28k▲

Profit (loss) for the period to be appropriated9905€-22k€28k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-23k€5k▲

Profit (loss) brought forward from the previous period14P€-2k€-23k▼

Transfer to equity691/2-€5k

To other reserves6921-€5k

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 6Financial 2Filings 4

2025

06-12

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 128 days late

2024

31-12

Financial Back to profitnet €28k

Net result €28k after 2 loss-making years.

25-10

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 86 days late

2023

31-12

Financial Weakest financial yearnet €-22k

Net result drops to €-22k, the lowest in the series; recovery starts the following year.

21-11

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 113 days late

2022

24-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 24 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Alken · 1 establishment unit since 2021

establishment The establishment unit on the map

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.

O. L. Vrouwstraat 177A3570 Alken

Ground area

248 m²

Building footprint

100 m²

Volume, LiDAR

636 m³

Parcel 73001A0214/00M004, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

O. L. Vrouwstraat 177A, 3570 Alken

Financial service activities, except insurance and pension funding

since 20212.312.031.721

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
73001A0214/00M004	Flanders	248 m²	1 · 100 m²	9.2 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

SIRIAD CONSULTING

BE 0797.281.602

Zaventem · Eq €8k

NIRAS International Consulting Belgium

BE 0721.753.937

Sint-Lambrechts-Woluwe · Eq €8k

Heirman Expertise - Leenders Projects

Jemeppe-sur-Sambre · Eq €8k

Of 11,554 companies in sector 71121 we hold annual accounts for 6,562. 2,654 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded14-01-2021

Fiscal year end31-12

Activities, NACEBEL

71121Engineering and related technical consultancy, excluding land surveyors

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.