MANAGEMENT DECISION SUPPORT
ActiveSummary
MANAGEMENT DECISION SUPPORT has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.63M and a net result of €330k. Equity is growing by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 75% of 14079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability35▲+8
Solvency90▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity ample (current ratio 2.04 against 1.66 in 2024; short-term debt: 16.1% and cash: 3.7% of total assets), and 35.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
64.5%
Return on assets
13.1%
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 21-07-2026, 10 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
10 d early
2024
17 d early
2023
7 d early
2022
134 d late
2021
30 d late
2020
123 d late
2019
92 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.63M▲ 25.4%
2024 · €1.30M
2018: €671k
2019: €703k
2020: €981k
2021: €1.11M
2022: €925k
2023: €1.18M
2024: €1.30M
2018 → 2025
Total assets
€2.52M▲ 38.8%
2024 · €1.82M
2018: €980k
2019: €978k
2020: €1.17M
2021: €1.29M
2022: €1.16M
2023: €1.41M
2024: €1.82M
2018 → 2025
Net result
€330k▲ 187%
2024 · €115k
2018: €-6k
2019: €32k
2020: €278k
2021: €129k
2022: €-15k
2023: €259k
2024: €115k
2018 → 2025
Working capital
€421k▲ 39.2%
2024 · €302k
2018: €76k
2019: €33k
2020: €471k
2021: €474k
2022: €417k
2023: €479k
2024: €302k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.11M-€925k▼ 16.7%€1.18M▲ 28.0%€1.30M▲ 9.7%€1.63M▲ 25.4%
Operating result€172k-€-45k€387k€-53k€-65k▼ 22.1%
Net result€129k-€-15k€259k€115k▼ 55.6%€330k▲ 187%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €65k in 2025 against €53k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.52M
Fixed assets
€1.70M ▲ 60.1%
Current assets
€827k ▲ 9.1%
Equity and liabilities €2.52M
Equity
€1.63M ▲ 25.4%
Provisions
€50k ▼ 1.2%
Debt
€845k ▲ 80.3%
Debt's share of the balance-sheet total rises from 25.8% to 33.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€-22k▲
2024 · €-24k
Cash flow
€373k▲
2024 · €144k
Current ratio
2.04▲
2024 · 1.66
Debt to equity
0.52▲
2024 · 0.36
ROE
20.3%▲
2024 · 8.9%
ROA
13.1%▲
2024 · 6.3%
Interest coverage
-1.92▲
2024 · -17.49
Debt ≤ 1 year
€406k▼
2024 · €456k
Debt > 1 year
€439k▲
2024 · €13k
Income taxes
€69k▲
2024 · €60k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.82M€2.52M▲
Fixed assets21/28€1.06M€1.70M▲
Tangible fixed assets22/27€1.06M€1.70M▲
Land and buildings22€1.04M€1.02M▼
Plant, machinery and equipment23€5k€4k▼
Furniture and vehicles24€18k€30k▲
Other tangible fixed assets26-€643k
Current assets29/58€758k€827k▲
Amounts receivable within one year40/41€547k€230k▼
Trade receivables40€16k€20k▲
Other amounts receivable41€531k€210k▼
Current investments50/53-€500k
Cash at bank and in hand54/58€207k€93k▼
Deferred charges and accrued income490/1€5k€4k▼
Equity and liabilities
Total equity and liabilities10/49€1.82M€2.52M▲
Equity10/15€1.30M€1.63M▲
Contributions10/11€19k€19k=
Reserves13€1.28M€1.61M▲
Tax-exempt reserves132€204k€202k▼
Distributable reserves133€1.08M€1.41M▲
Provisions and deferred taxes16€51k€50k▼
Deferred taxes168€51k€50k▼
Amounts payable17/49€469k€845k▲
Amounts payable after more than one year17€13k€439k▲
Financial debts170/4€13k€439k▲
Amounts payable within one year42/48€456k€406k▼
Current portion of amounts payable after more than one year42€26k€56k▲
Trade debts44€305k€257k▼
Suppliers440/4€305k€257k▼
Taxes, remuneration and social security45€125k€93k▼
Taxes450/3€125k€93k▼
Accrued charges and deferred income492/3€2-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€42k▲
Other operating charges640/8€2k€77k▲
Gross operating margin9900€-22k€55k▲
Operating profit (loss)9901€-53k€-65k▼
Financial income75/76B€229k€475k▲
Recurring financial income75€229k€475k▲
Financial charges65/66B€1k€12k▲
Recurring financial charges65€1k€12k▲
Profit (loss) for the period before taxes9903€175k€399k▲
Transfer from deferred taxes780€595€595=
Income taxes67/77€60k€69k▲
Profit (loss) for the period9904€115k€330k▲
Transfer from tax-exempt reserves789€2k€2k=
Profit (loss) for the period to be appropriated9905€117k€333k▲
Appropriation of the result
Profit (loss) to be appropriated9906€117k€333k▲
Transfer to equity691/2€117k€333k▲
To other reserves6921€117k€333k▲
The notes to these accounts (7 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
21-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €330k ▲187%
Net result €330k, the highest in the series.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €259k
Net result €259k after one loss-making year.
31-12
Financial
Equity above €1MEq €1.18M ▲28%
Equity rises from €925k to €1.18M.
12-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 134 days late
2022
31-12
Financial
Weakest financial yearnet €-15k ▼112%
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Equity above €1MEq €1.11M ▲13.1%
3 profitable years in a row build equity to €1.11M.
01-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 123 days late
2020
31-12
Financial
Liquidity times 5current ratio 7.46
Current ratio from 1.40 to 7.46; short-term debt falls from €83k to €73k.
Show earlier events
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
31-12
Financial
Back to profitnet €32k
Net result €32k after one loss-making year.
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 91 days late
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 61 days late
2017
27-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 88 days late
2012
21-08
State Gazette act
General meeting · Director appointment
Mandate compensation · Director resignation
10-05
State Gazette act
Merger · Corporate purpose
Accounting effect · Permanent representative
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Tervuren · 1 establishment unit since 1993
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.
Oudergemse weg 743080 TervurenGround area
987 m²
Building footprint
198 m²
Volume, LiDAR
1,068 m³
Parcel 24104B0021/00S003, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MDS
since 19932.043.105.159
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24104B0021/00S003 | Flanders | 987 m² | 1 · 198 m² | 8.4 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
BEGECO PROJECTONTWIKKELING
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VAARTKOM SLUIS
BE 0841.436.792
Kontich · Eq €1,630,685
EURO HOMES RED
BE 0438.150.087
Brussel · Eq €1,623,766
GRAPHOS
BE 0879.637.075
Houthalen-Helchteren · Eq €1,623,596
IMDEBRA
BE 0412.822.003
Dentergem · Eq €1,623,309
Of 9,694 companies in sector 68121 we hold annual accounts for 7,383. 3,263 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-03-1989
Fiscal year end31-12
Abbreviation NL
MDS
Activities, NACEBEL 2025
68121Development of residential building projects
47811Retail sale of cars and light vans (up to 3.5 tonnes)
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.