MD²
ActiveSummary
The computed 12-month bankruptcy probability of MD² is 2.3% (moderate). The 2024 annual accounts show equity of €177,409 and a net result of €100,335. Equity is growing by ~11.3% 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 6 accounts on average 14 days before 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 (1)
History
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Financials · fiscal year 2024, micro schema
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Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.3% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 26,970 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,604 | €2,875 | €3,131 | €2,339 | €1,281 | ▼ 45.2% |
| Other operating charges640/8 | - | €616 | €599 | €651 | €661 | ▲ 1.6% |
| Gross operating margin9900 | €108,033 | €79,329 | €116,274 | €110,940 | €132,778 | ▲ 19.7% |
| Operating profit (loss)9901 | €104,995 | €75,837 | €112,544 | €107,951 | €130,836 | ▲ 21.2% |
| Financial income75/76B | - | €26 | €29 | €0 | €585 | - |
| Recurring financial income75 | €27 | €26 | €29 | €0 | €585 | - |
| Financial charges65/66B | - | €300 | €423 | €617 | €656 | ▲ 6.3% |
| Recurring financial charges65 | €139 | €300 | €423 | €617 | €656 | ▲ 6.3% |
| Profit (loss) for the period before taxes9903 | €104,883 | €75,563 | €112,150 | €107,334 | €130,765 | ▲ 21.8% |
| Income taxes67/77 | €29,627 | €21,722 | €24,660 | €24,169 | €30,430 | ▲ 25.9% |
| Profit (loss) for the period9904 | €75,255 | €53,840 | €87,490 | €83,165 | €100,335 | ▲ 20.6% |
| Profit (loss) for the period to be appropriated9905 | €75,255 | €53,840 | €87,490 | €83,165 | €100,335 | ▲ 20.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €134,643 | €190,510 | €272,681 | €251,433 | €281,359 | ▲ 11.9% |
| Fixed assets21/28 | €4,284 | €5,875 | €2,744 | €405 | €3,834 | ▲ 846% |
| Tangible fixed assets22/27 | €4,284 | €5,875 | €2,744 | €405 | €3,834 | ▲ 846% |
| Plant, machinery and equipment23 | - | €5,875 | €2,744 | €405 | €3,834 | ▲ 846% |
| Current assets29/58 | €130,359 | €184,635 | €269,937 | €251,028 | €277,525 | ▲ 10.6% |
| Amounts receivable within one year40/41 | €1,714 | €5,624 | €3,805 | €16,296 | €21,426 | ▲ 31.5% |
| Other amounts receivable41 | - | €5,624 | €3,805 | €16,296 | €21,426 | ▲ 31.5% |
| Current investments50/53 | - | - | - | €100,000 | €102,250 | ▲ 2.2% |
| Cash at bank and in hand54/58 | €126,917 | €176,474 | €264,168 | €132,723 | €151,690 | ▲ 14.3% |
| Deferred charges and accrued income490/1 | - | €2,537 | €1,963 | €2,009 | €2,159 | ▲ 7.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €134,643 | €190,510 | €272,681 | €251,433 | €281,359 | ▲ 11.9% |
| Equity10/15 | €117,369 | €177,409 | €177,409 | €177,409 | €177,409 | = |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €104,969 | €158,809 | €158,809 | €158,809 | €158,809 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €156,949 | €156,949 | €156,949 | €156,949 | = |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €17,274 | €13,101 | €95,272 | €74,024 | €103,950 | ▲ 40.4% |
| Amounts payable within one year42/48 | €16,911 | €12,801 | €94,522 | €73,864 | €103,630 | ▲ 40.3% |
| Financial debts43 | - | €4,939 | €4,949 | €0 | - | - |
| Credit institutions430/8 | - | €4,939 | €4,949 | €0 | - | - |
| Trade debts44 | €471 | €1,478 | €833 | €691 | €3,295 | ▲ 377% |
| Suppliers440/4 | - | €1,478 | €833 | €691 | €3,295 | ▲ 377% |
| Taxes, remuneration and social security45 | - | €6,384 | €1,250 | €0 | - | - |
| Taxes450/3 | - | €6,384 | €1,250 | €0 | - | - |
| Other amounts payable47/48 | - | - | €87,490 | €73,173 | €100,335 | ▲ 37.1% |
| Accrued charges and deferred income492/3 | - | €300 | €750 | €160 | €320 | ▲ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €75,255 | €53,840 | €87,490 | €83,165 | €100,335 | ▲ 20.6% |
| + Depreciation and write-downs630 | €1,604 | €2,875 | €3,131 | €2,339 | €1,281 | ▼ 45.2% |
| Operating cash flow (approximation) | €76,860 | €56,715 | €90,620 | €85,503 | €101,615 | ▲ 18.8% |
| Investment in fixed assets (approximation) | - | -€4,466 | €0 | €0 | -€4,709 | - |
| Change in cash | - | €49,557 | €87,694 | -€131,446 | €18,967 | ▲ 114% |
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. |
|---|---|---|---|---|
| 22006B0429/00D006 | Flanders | 641 m² | 1 · 104 m² | 11.5 m · 3 fl. |
Linked by address, not proof of ownership
Recognitions · licences · registrations
Legal Entity Identifier
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.