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MD ACCOUNTING

Active
Private limited companyfounded 200917 yrs activeWeynesbaan 73, 2820 Bonheiden, BelgiumKBO/BCE: BE 0811.096.677

MD ACCOUNTING has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €874k and a net result of €157k. Equity is growing by ~25.2% per year across the filed fiscal years. Its solvency ranks better than 54% of 15368 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2024
91 / 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability83=
Solvency88=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity ample (current ratio 3.25 against 3.25 in 2023; short-term debt: 17.1% and cash: 38.1% of total assets), and 37.2% 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 riskneutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Sector 69
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 date
Age against the risk zone
elevated failure risk from 2 to 8 years 17 years 0 20 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
62.8%
Return on assets
11.3%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
71 d late
2023
61 d late
2022
36 d late
2021
61 d late
2020
53 d late
2019
60 d late
← before the deadline after the deadline →
neutral · 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
€874k=
2023 · €874k
2018: €226k 2019: €366k 2020: €441k 2021: €567k 2022: €719k 2023: €874k
2018 → 2024
Total assets
€1.39M=
2023 · €1.39M
2018: €911k 2019: €888k 2020: €1.02M 2021: €1.24M 2022: €1.20M 2023: €1.39M
2018 → 2024
Net result
€157k=
2023 · €157k
2018: €58k 2019: €141k 2020: €101k 2021: €126k 2022: €163k 2023: €157k
2018 → 2024
Working capital
€537k=
2023 · €537k
2018: €229k 2019: €365k 2020: €408k 2021: €363k 2022: €514k 2023: €537k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20202021202220232024Trend
Equity€441k-€567k▲ 28.5%€719k▲ 26.8%€874k▲ 21.7%€874k=
Operating result€164k-€193k▲ 17.8%€246k▲ 27.6%€232k▼ 5.6%€232k=
Net result€101k-€126k▲ 25.3%€163k▲ 28.9%€157k▼ 3.9%€157k=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€100k€200kOperating result 2020: €164k€164kNet result 2020: €101k€101kOperating result 2021: €193k€193kNet result 2021: €126k€126kOperating result 2022: €246k€246kNet result 2022: €163k€163kOperating result 2023: €232k€232kNet result 2023: €157k€157kOperating result 2024: €232k€232kNet result 2024: €157k€157k20202021202220232024
The operating result stays at €232k in 2024, level with 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.39M
Fixed assets €616k=
Current assets €775k=
Equity and liabilities €1.39M
Equity €874k=
Provisions €8k=
Debt €509k=
The debt ratio stays at 36.6%.
Key figures and ratios
2024 value · change against 2023
EBITDA
€273k=
2023 · €273k
Cash flow
€197k=
2023 · €197k
Solvency
62.8%=
2023 · 62.8%
Current ratio
3.25=
2023 · 3.25
Quick ratio
3.25=
2023 · 3.25
Debt / equity
0.58=
2023 · 0.58
ROE
17.9%=
2023 · 17.9%
ROA
11.3%=
2023 · 11.3%
Interest coverage
21.21=
2023 · 21.21
Debt
€509k=
2023 · €509k
Debt ≤ 1 year
€238k=
2023 · €238k
Debt > 1 year
€270k=
2023 · €270k
Income taxes
€67k=
2023 · €67k
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€1.39M€1.39M=
Fixed assets21/28€616k€616k=
Tangible fixed assets22/27€616k€616k=
Land and buildings22€595k€595k=
Plant, machinery and equipment23€6k€6k=
Furniture and vehicles24€14k€14k=
Assets under construction and advance payments27€715€715=
Financial fixed assets28€400€400=
Current assets29/58€775k€775k=
Amounts receivable within one year40/41€41k€41k=
Other amounts receivable41€41k€41k=
Current investments50/53€200k€200k=
Cash at bank and in hand54/58€530k€530k=
Deferred charges and accrued income490/1€4k€4k=
Equity and liabilities
Total equity and liabilities10/49€1.39M€1.39M=
Equity10/15€874k€874k=
Contributions10/11€12k€12k=
Reserves13€851k€851k=
Tax-exempt reserves132€197k€197k=
Distributable reserves133€654k€654k=
Profit (loss) carried forward14€11k€11k=
Provisions and deferred taxes16€8k€8k=
Deferred taxes168€8k€8k=
Amounts payable17/49€509k€509k=
Amounts payable after more than one year17€270k€270k=
Financial debts170/4€270k€270k=
Amounts payable within one year42/48€238k€238k=
Current portion of amounts payable after more than one year42€39k€39k=
Financial debts43€20k€20k=
Credit institutions430/8€20k€20k=
Trade debts44€15k€15k=
Suppliers440/4€15k€15k=
Taxes, remuneration and social security45€51k€51k=
Taxes450/3€51k€51k=
Other amounts payable47/48€114k€114k=
Accrued charges and deferred income492/3€21€21=
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k€40k=
Other operating charges640/8€3k€3k=
Gross operating margin9900€276k€276k=
Operating profit (loss)9901€232k€232k=
Financial income75/76B€4k€4k=
Recurring financial income75€4k€4k=
Financial charges65/66B€13k€13k=
Recurring financial charges65€13k€13k=
Non-recurring financial charges66B€231€231=
Profit (loss) for the period before taxes9903€224k€224k=
Transfer from deferred taxes780€293€293=
Income taxes67/77€67k€67k=
Profit (loss) for the period9904€157k€157k=
Transfer from tax-exempt reserves789€1k€1k=
Transfer to tax-exempt reserves689€84k€84k=
Profit (loss) for the period to be appropriated9905€74k€74k=
Appropriation of the result
Profit (loss) to be appropriated9906€85k€85k=
Profit (loss) brought forward from the previous period14P€11k€11k=
Transfer to equity691/2€73k€73k=
To other reserves6921€73k€73k=
Profit to be distributed694/7€833€833=
Return on contributions (dividend)694€833€833=

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

2026
01-07
State Gazette act Incorporation · Founder
Corporate purpose · Founding capital
2025
10-10
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 71 days late
2024
30-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
05-09
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 36 days late
2022
31-12
Financial Highest result since 2018net €163k ▲28.9%
Operating result €246k, net result €163k, both a record.
30-09
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial Equity above €500kEq €567k ▲28.5%
4 profitable years in a row build equity to €567k.
22-09
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 53 days late
2020
29-09
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
2019
28-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
31-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
31-08
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneState Gazette actNBB 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, Bonheiden · 1 establishment unit since 2009
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.

Weynesbaan 732820 Bonheiden
Ground area
1,210 m²
Building footprint
563 m²
Volume, LiDAR
1,085 m³
2 parcels, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MD ACCOUNTING
IJzerlei 18, 2530 BoechoutCertified accountants and tax accountants
since 20092.207.529.364
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
12031B0197/00C002 Flanders 760 m² 1 · 157 m² 10.4 m · 2 fl.
11004D0405/00B002 Flanders 451 m² 1 · 407 m² 0.1 m
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Public money · subsidies and aid

Flemish government

2022 to 2024 · 3 entries · 321 EUR awarded · 66 EUR paid
Year Entries awardedpaid
2024 1 30 EUR30 EUR
2023 1 255 EUR0 EUR
2022 1 36 EUR36 EUR
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
3 entries · 321 EUR · 66 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 12,175 companies in sector 69201 we hold annual accounts for 7,639. 4,685 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company
Founded09-04-2009
Fiscal year end31-12
Activities, NACEBEL
69201Certified accountants and tax accountants
69209Other tax advisory services
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers

Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.