MANAGEMENT DEVELOPPEMENT SUPPORT ORGANISATION
ActiveSummary
MANAGEMENT DEVELOPPEMENT SUPPORT ORGANISATION has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26k and a net result of €110k. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 30% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
83
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency55▲+55
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.43 against 0.13 in 2024; short-term debt: 70% and cash: 42.6% of total assets), and 70% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
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
30%
Return on assets
128.8%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 12-12-2025, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
51 d early
2023
5 d early
2022
on the day
2021
2 d late
2020
on the day
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€110k▲ 2,508%
2024 · €4k
2019: €-52k
2020: €-8k
2021: €-40k
2022: €-2k
2023: €-758
2024: €4k
2019 → 2025
Working capital
€26k
2024 · €-64k
2019: €-82k
2020: €-86k
2021: €-65k
2022: €-68k
2023: €-68k
2024: €-64k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-65k-€-68k▼ 3.6%€-68k▼ 1.1%€-64k▲ 6.2%€26k
Operating result€-39k-€-1k▲ 97.1%€-694▲ 40.1%€4k€125k▲ 2,823%
Net result€-40k-€-2k▲ 94.1%€-758▲ 67.5%€4k€110k▲ 2,508%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 2,823% above 2024 and is the highest result in the available series.
Balance-sheet composition
Equity and liabilities €85k
Equity
€26k
Debt
€60k
Debt finances 70.0% of the balance-sheet total.
Key figures and ratios
Current ratio
1.43▲
2024 · 0.13
Debt to equity
2.34▲
2024 · -1.14
ROE
429.8%
ROA
128.8%▲
2024 · 45.7%
Debt ≤ 1 year
€60k▼
2024 · €73k
Income taxes
€15k
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 · 35 lines
Balance sheet
Code20242025
Assets
Total assets20/58€9k€85k▲
Current assets29/58€9k€85k▲
Amounts receivable within one year40/41€9k€49k▲
Trade receivables40€9k€42k▲
Other amounts receivable41-€7k
Cash at bank and in hand54/58€4€36k▲
Equity and liabilities
Total equity and liabilities10/49€9k€85k▲
Equity10/15€-64k€26k▲
Contributions10/11€19k€19k=
Reserves13€7k€7k=
Non-distributable reserves130/1€969€969=
Other1319€969€969=
Distributable reserves133€6k€6k=
Profit (loss) carried forward14€-89k€342▲
Amounts payable17/49€73k€60k▼
Amounts payable within one year42/48€73k€60k▼
Trade debts44€302€831▲
Suppliers440/4€302€831▲
Taxes, remuneration and social security45€1k€27k▲
Taxes450/3€1k€27k▲
Other amounts payable47/48€72k€32k▼
Income statement
Code20242025
Other operating charges640/8-€1k
Non-recurring operating charges66A€2k-
Gross operating margin9900€7k€126k▲
Operating profit (loss)9901€4k€125k▲
Financial charges65/66B€62€198▲
Recurring financial charges65€62€198▲
Profit (loss) for the period before taxes9903€4k€125k▲
Income taxes67/77-€15k
Profit (loss) for the period9904€4k€110k▲
Profit (loss) for the period to be appropriated9905€4k€110k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-89k€20k▲
Profit (loss) brought forward from the previous period14P€-94k€-89k▲
Profit to be distributed694/7-€20k
Directors or managers695-€20k
The notes to these accounts (4 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
2025
12-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Highest result since 2019net €110k ▲2508%
Operating result €125k, net result €110k, both a record.
30-06
Financial
Liquidity times 11current ratio 1.43
Current ratio from 0.13 to 1.43; short-term debt falls from €73k to €60k.
2024
11-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
30-06
Financial
Back to profitnet €4k
Net result €4k after 5 loss-making years.
26-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
02-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 2 days late
2021
31-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 133 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Theux · 1 establishment unit since 2010
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.
Route de Remouchamps(LR) 354910 TheuxGround area
1,264 m²
Building footprint
93 m²
Volume, LiDAR
598 m³
Parcel 63044E0022/00P004, Wallonia · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MDSO
since 20102.183.635.591
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63044E0022/00P004 | Wallonia | 1,264 m² | 1 · 93 m² | 8.3 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
CVV MANAGEMENT
BE 0684.749.922
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FF ENGINEERING SERVICES
BE 0753.473.927
Oreye · Eq €25,512
Antwerp Trading and Services
BE 0824.509.106
Edegem · Eq €25,513
INTER - FAS
BE 0453.245.564
Braine-le-Château · Eq €25,506
Cash Supply Chain Invest
BE 0702.845.766
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 33,047 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 (pre-2019)
Founded21-12-2009
Fiscal year end30-06
Abbreviation FR
MDSO
Activities, NACEBEL 2025
70200Business and other management consultancy
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
82100Office administrative and support services
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.