M2DI
ActiveSummary
The computed 12-month bankruptcy probability of M2DI is 11.1% (high). The 2024 annual accounts show negative equity (-€34,587) and a net result of -€3,090. Equity is shrinking by ~26% per year across the filed fiscal years. The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 7 accounts on average 100 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)
History
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Financials · fiscal year 2024, micro schema
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Peer companies
Historical observationOf the 6,010 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 83% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 11.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,010 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €883 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €8,568 | - | €1,450 | €668 | ▼ 54.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,211 | €1,211 | €654 | €1,939 | €1,939 | = |
| Other operating charges640/8 | - | €423 | €348 | €384 | €387 | ▲ 0.8% |
| Gross operating margin9900 | -€12,968 | -€7,686 | -€4,232 | -€1,450 | -€668 | ▲ 54.0% |
| Operating profit (loss)9901 | -€14,602 | -€9,320 | -€5,233 | -€3,774 | -€2,994 | ▲ 20.7% |
| Financial charges65/66B | - | €441 | €573 | €3 | €96 | ▲ 3,740% |
| Recurring financial charges65 | €408 | €441 | €573 | €3 | €96 | ▲ 3,740% |
| Profit (loss) for the period before taxes9903 | -€15,011 | -€9,761 | -€5,807 | -€3,777 | -€3,090 | ▲ 18.2% |
| Profit (loss) for the period9904 | -€15,011 | -€9,761 | -€5,807 | -€3,777 | -€3,090 | ▲ 18.2% |
| Profit (loss) for the period to be appropriated9905 | -€15,011 | -€9,761 | -€5,807 | -€3,777 | -€3,090 | ▲ 18.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1,887 | €860 | €7,062 | €4,920 | €2,923 | ▼ 40.6% |
| Formation expenses20 | - | €0 | €0 | - | - | - |
| Fixed assets21/28 | €1,211 | €0 | €5,164 | €3,225 | €1,286 | ▼ 60.1% |
| Tangible fixed assets22/27 | €1,211 | €0 | €5,164 | €3,225 | €1,286 | ▼ 60.1% |
| Furniture and vehicles24 | - | €0 | €5,164 | €3,225 | €1,286 | ▼ 60.1% |
| Current assets29/58 | €675 | €860 | €1,897 | €1,695 | €1,638 | ▼ 3.4% |
| Amounts receivable within one year40/41 | €656 | €860 | €1,894 | €1,694 | €473 | ▼ 72.1% |
| Trade receivables40 | - | - | €200 | €0 | - | - |
| Other amounts receivable41 | - | €860 | €1,694 | €1,694 | €473 | ▼ 72.1% |
| Cash at bank and in hand54/58 | €19 | €0 | €3 | €1 | €1,164 | ▲ 145,455% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1,887 | €860 | €7,062 | €4,920 | €2,923 | ▼ 40.6% |
| Equity10/15 | -€12,153 | -€21,914 | -€27,720 | -€31,497 | -€34,587 | ▼ 9.8% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Outside capital11 | - | - | €6,200 | €6,200 | €6,200 | = |
| Other1109/19 | - | - | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€18,353 | -€28,114 | -€33,920 | -€37,697 | -€40,787 | ▼ 8.2% |
| Amounts payable17/49 | €14,039 | €22,773 | €34,782 | €36,417 | €37,511 | ▲ 3.0% |
| Amounts payable within one year42/48 | €14,039 | €22,773 | €34,782 | €36,417 | €37,511 | ▲ 3.0% |
| Trade debts44 | €5,189 | €8,195 | €1,570 | €1,154 | €1,542 | ▲ 33.6% |
| Suppliers440/4 | - | €8,195 | €1,570 | €1,154 | €1,542 | ▲ 33.6% |
| Other amounts payable47/48 | - | €14,578 | €33,212 | €35,262 | €35,969 | ▲ 2.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,011 | -€9,761 | -€5,807 | -€3,777 | -€3,090 | ▲ 18.2% |
| + Depreciation and write-downs630 | €1,211 | €1,211 | €654 | €1,939 | €1,939 | = |
| Operating cash flow (approximation) | -€13,799 | -€8,550 | -€5,153 | -€1,837 | -€1,151 | ▲ 37.4% |
| Investment in fixed assets (approximation) | - | -€0 | -€5,818 | €0 | €0 | - |
| Change in cash | - | -€19 | €3 | -€3 | €1,164 | ▲ 46,646% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21018A0051/00F000 | Brussels | 1,080 m² | 1 · 603 m² | 18.6 m · 4 fl. |
Linked by address, not proof of ownership
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.