MD-AFSLUITINGEN
ActiveMD-AFSLUITINGEN has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €237k and a net result of €-57k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 36% of 7757 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
46
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability23▼-4
Solvency58▼-2
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity tight (current ratio 1.13 against 1.33 in 2024; short-term debt: 48.8% and cash: 1.8% of total assets), and 66.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
33.1%
Return on assets
-8%
Age of the figures
15 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-57k
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 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
42 d early
2022
8 d early
2021
41 d early
2020
9 d early
2019
25 d early
← before the deadline
after the deadline →
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 close20-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€237k▼ 19.4%
2024 · €294k
2019: €276k
2020: €303k
2021: €334k
2022: €347k
2023: €349k
2024: €294k
2019 → 2025
Total assets
€716k▼ 13.9%
2024 · €831k
2019: €893k
2020: €877k
2021: €1.05M
2022: €941k
2023: €974k
2024: €831k
2019 → 2025
Net result
€-57k▼ 3.1%
2024 · €-55k
2019: €34k
2020: €36k
2021: €40k
2022: €22k
2023: €11k
2024: €-55k
2019 → 2025
Working capital
€47k▼ 58.2%
2024 · €112k
2019: €181k
2020: €208k
2021: €342k
2022: €203k
2023: €164k
2024: €112k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€334k-€347k▲ 3.9%€349k▲ 0.5%€294k▼ 15.9%€237k▼ 19.4%
Operating result€65k-€44k▼ 32.8%€34k▼ 22.1%€-36k€-37k▼ 3.1%
Net result€40k-€22k▼ 44.1%€11k▼ 51.5%€-55k€-57k▼ 3.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €37k in 2025 against €36k 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 €716k
Fixed assets
€319k▼ 15.0%
Current assets
€396k▼ 13.0%
Equity and liabilities €716k
Equity
€237k▼ 19.4%
Debt
€479k▼ 10.9%
The debt ratio rises from 64.7% to 66.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€38k▼
2024 · €39k
Cash flow
€18k▼
2024 · €19k
Solvency
33.1%▼
2024 · 35.3%
Current ratio
1.13▼
2024 · 1.33
Quick ratio
0.86▼
2024 · 0.93
Debt / equity
2.03▲
2024 · 1.83
ROE
-24.1%▼
2024 · -18.8%
ROA
-8.0%▼
2024 · -6.7%
Interest coverage
1.66▼
2024 · 1.98
Debt
€479k▼
2024 · €537k
Debt ≤ 1 year
€349k▲
2024 · €343k
Debt > 1 year
€130k▼
2024 · €194k
Income taxes
€312▲
2024 · €281
Staff costs
€68k▼
2024 · €116k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€831k€716k▼
Fixed assets21/28€376k€319k▼
Tangible fixed assets22/27€376k€319k▼
Land and buildings22€148k€136k▼
Plant, machinery and equipment23€36k€25k▼
Furniture and vehicles24€79k€50k▼
Other tangible fixed assets26€112k€108k▼
Current assets29/58€455k€396k▼
Stocks and contracts in progress3€135k€96k▼
Stocks30/36€135k€96k▼
Amounts receivable within one year40/41€313k€288k▼
Trade receivables40€283k€233k▼
Other amounts receivable41€30k€55k▲
Cash at bank and in hand54/58€2k€13k▲
Deferred charges and accrued income490/1€6k€0▼
Equity and liabilities
Total equity and liabilities10/49€831k€716k▼
Equity10/15€294k€237k▼
Contributions10/11€19k€19k=
Reserves13€275k€218k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€275k€218k▼
Profit (loss) carried forward14€0-
Amounts payable17/49€537k€479k▼
Amounts payable after more than one year17€194k€130k▼
Financial debts170/4€194k€130k▼
Amounts payable within one year42/48€343k€349k▲
Current portion of amounts payable after more than one year42€63k€65k▲
Financial debts43€98k€74k▼
Credit institutions430/8€98k€74k▼
Trade debts44€176k€205k▲
Suppliers440/4€176k€205k▲
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€6k€1k▼
Taxes450/3€740€1k▲
Remuneration and social security454/9€5k€207▼
Other amounts payable47/48€0€4k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€116k€68k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€74k€75k▲
Other operating charges640/8€5k€4k▼
Gross operating margin9900€159k€111k▼
Operating profit (loss)9901€-36k€-37k▼
Financial income75/76B€274€3k▲
Recurring financial income75€274€3k▲
Financial charges65/66B€19k€23k▲
Recurring financial charges65€19k€23k▲
Profit (loss) for the period before taxes9903€-55k€-57k▼
Income taxes67/77€281€312▲
Profit (loss) for the period9904€-55k€-57k▼
Profit (loss) for the period to be appropriated9905€-55k€-57k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-55k€-57k▼
Transfer from equity791/2€55k€57k▲
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€0-
Directors or managers695€0-
Social balance
Average headcount (FTE)90872.21.0▼
The notes to these accounts (21 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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Weakest financial yearnet €-57k
Net result drops to €-57k, the lowest in the series.
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
20-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
23-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
21-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-06
Financial
Highest result since 2019net €40k ▲9.6%
Operating result €65k, net result €40k, both a record.
22-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
06-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
20-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
03-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Izegem · 1 establishment unit since 2008
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.
Schardouwstraat 118870 IzegemGround area
1,402 m²
Building footprint
379 m²
Volume, LiDAR
2,442 m³
Parcel 36494D0348/00M000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MD-AFSLUITNGEN
since 20082.171.923.634
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36494D0348/00M000 | Flanders | 1,402 m² | 1 · 379 m² | 8.2 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
BOUWONDERNEMING de VRIEND
BE 0471.520.067
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RUN-IT
BE 0875.391.643
Hasselt · Eq €236k
Altezza
BE 0766.900.707
Gent · Eq €237k
METEOR CONSTRUCT
BE 0688.771.561
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FLORIN CONSTRUCT
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,421. 5,672 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-07-2008
Fiscal year end30-06
Activities, NACEBEL
43320Joinery installation
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.