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MD AUTOMATION

Active
Private limited companyfounded 20233 yrs activeVierkeerstraat(H) 54, 8551 Zwevegem, BelgiumKBO/BCE: BE 0797.016.930
Summary

MD AUTOMATION has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €202,736 and a net result of €413,868. Equity is growing by ~17.4% per year across the filed fiscal years. Its solvency ranks better than 28% of 9743 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability100=
Solvency54▼-13
Growth78=
Track record94
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity tight (current ratio 1.37 against 1.67 in 2024; short-term debt: 71.4% and cash: 46.4% of total assets), and 71.4% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
28.6%
Return on assets
58.3%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 05-03-2026, 56 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
56 d early
2024
23 d early
2023
40 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 40 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 34% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 22 March (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 close01-10-2026 today30-04-2027 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

History

On 11 January 2023, MD AUTOMATION was incorporated as a Private limited company.1 Total assets went from EUR 171,832 in 2023 to EUR 709,951 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€202,736▲ 13.3%
2024 · €178,868
Total assets
€709,951▲ 67.2%
2024 · €424,578
Net result
€413,868▲ 115%
2024 · €192,379
Working capital
€189,286▲ 15.1%
2024 · €164,521
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line202320242025
Operating result€100,446-€203,328▲ 102%€420,270▲ 107%
Net result€80,407above the sector's middle half-€192,379above the sector's middle half▲ 139%€413,868above the sector's middle half▲ 115%
Equity€140,407within the sector's middle half-€178,868above the sector's middle half▲ 27.4%€202,736above the sector's middle half▲ 13.3%
Total assets€171,832within the sector's middle half-€424,578above the sector's middle half▲ 147%€709,951above the sector's middle half▲ 67.2%
Debt€31,425-€245,711▲ 682%€507,216▲ 106%
Working capital€128,675above the sector's middle half-€164,521above the sector's middle half▲ 27.9%€189,286above the sector's middle half▲ 15.1%
Solvency81.7%above the sector's middle half-42.1%within the sector's middle half▼ 39.6pp28.6%within the sector's middle half▼ 13.6pp
Current ratio5.09above the sector's middle half-1.67within the sector's middle half▼ 3.431.37within the sector's middle half▼ 0.30
Return on assets (ROA)46.8%above the sector's middle half-45.3%above the sector's middle half▼ 1.5pp58.3%above the sector's middle half▲ 13.0pp
Staff (FTE)0.1
above within below the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€200,000€400,000Operating result 2023: €100,446€100,446Net result 2023: €80,407€80,407Operating result 2024: €203,328€203,328Net result 2024: €192,379€192,379Operating result 2025: €420,270€420,270Net result 2025: €413,868€413,868202320242025€0€200,000€400,000Operating result 2023: €100,446€100,000Net result 2023: €80,407€80,400Operating result 2024: €203,328€203,000Net result 2024: €192,379Operating result 2025: €420,270€420,000Net result 2025: €413,868€414,000202320242025
The operating result has risen two years in a row; 2025 is 107% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €709,951
Fixed assets €13,449 ▼ 6.3%
Current assets €696,502 ▲ 69.8%
Equity and liabilities €709,951
Equity €202,736 ▲ 13.3%
Debt €507,216 ▲ 106%
Debt's share of the balance-sheet total rises from 57.9% to 71.4%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€423,512▲
2024 · €206,058
Cash flow
€417,110▲
2024 · €195,109
Quick ratio
1.31▼
2024 · 1.51
Debt to equity
2.50▲
2024 · 1.37
ROE
204.1%▲
2024 · 107.6%
Interest coverage
1423.33▲
2024 · 290.48
Debt ≤ 1 year
€507,216▲
2024 · €245,711
Income taxes
€6,107▼
2024 · €10,606
Staff costs
€2,325
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
3.6% went bankrupt
1.8% stopped otherwise
94% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.5% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 7,976 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet Code20242025
Assets
Total assets20/58€424,578€709,951▲
Fixed assets21/28€14,347€13,449▼
Tangible fixed assets22/27€12,007€11,109▼
Plant, machinery and equipment23€2,900€2,283▼
Furniture and vehicles24€1,228€2,964▲
Other tangible fixed assets26€7,878€5,862▼
Financial fixed assets28€2,340€2,340=
Current assets29/58€410,232€696,502▲
Stocks and contracts in progress3€38,290€30,503▼
Stocks30/36€3,435€13,443▲
Contracts in progress37€34,855€17,059▼
Amounts receivable within one year40/41€112,825€336,123▲
Trade receivables40€98,466€330,600▲
Other amounts receivable41€14,358€5,524▼
Cash at bank and in hand54/58€259,117€329,335▲
Deferred charges and accrued income490/1-€541
Equity and liabilities
Total equity and liabilities10/49€424,578€709,951▲
Equity10/15€178,868€202,736▲
Contributions10/11€60,000€60,000=
Reserves13€118,868€142,736▲
Distributable reserves133€118,868€142,736▲
Amounts payable17/49€245,711€507,216▲
Amounts payable within one year42/48€245,711€507,216▲
Trade debts44€85,104€115,720▲
Suppliers440/4€85,104€115,720▲
Taxes, remuneration and social security45€10,606€1,496▼
Taxes450/3€10,606€50▼
Remuneration and social security454/9-€1,446
Other amounts payable47/48€150,000€390,000▲
Income statement Code20242025
Remuneration, social security and pensions62-€2,325
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,730€3,243▲
Other operating charges640/8€840€17▼
Gross operating margin9900€206,898€425,855▲
Operating profit (loss)9901€203,328€420,270▲
Financial income75/76B€367€2▼
Recurring financial income75€367€2▼
Financial charges65/66B€709€298▼
Recurring financial charges65€709€298▼
Profit (loss) for the period before taxes9903€202,985€419,974▲
Income taxes67/77€10,606€6,107▼
Profit (loss) for the period9904€192,379€413,868▲
Profit (loss) for the period to be appropriated9905€192,379€413,868▲
Appropriation of the result
Profit (loss) to be appropriated9906€192,379€413,868▲
Transfer to equity691/2€42,379€23,868▼
To other reserves6921€42,379€23,868▼
Profit to be distributed694/7€150,000€390,000▲
Directors or managers695€150,000€390,000▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Remuneration, social security and pensions62--€2,325-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€227€2,730€3,243▲ 18.8%
Other operating charges640/8-€840€17▼ 97.9%
Gross operating margin9900€100,673€206,898€425,855▲ 106%
Operating profit (loss)9901€100,446€203,328€420,270▲ 107%
Financial income75/76B-€367€2▼ 99.4%
Recurring financial income75-€367€2▼ 99.4%
Financial charges65/66B€98€709€298▼ 58.1%
Recurring financial charges65€98€709€298▼ 58.1%
Profit (loss) for the period before taxes9903€100,348€202,985€419,974▲ 107%
Income taxes67/77€19,941€10,606€6,107▼ 42.4%
Profit (loss) for the period9904€80,407€192,379€413,868▲ 115%
Profit (loss) for the period to be appropriated9905€80,407€192,379€413,868▲ 115%
Line202320242025Change
Assets
Total assets20/58€171,832€424,578€709,951▲ 67.2%
Fixed assets21/28€11,732€14,347€13,449▼ 6.3%
Tangible fixed assets22/27€9,392€12,007€11,109▼ 7.5%
Plant, machinery and equipment23-€2,900€2,283▼ 21.3%
Furniture and vehicles24€1,761€1,228€2,964▲ 141%
Other tangible fixed assets26€7,632€7,878€5,862▼ 25.6%
Financial fixed assets28€2,340€2,340€2,340=
Current assets29/58€160,100€410,232€696,502▲ 69.8%
Stocks and contracts in progress3€25,561€38,290€30,503▼ 20.3%
Stocks30/36€25,561€3,435€13,443▲ 291%
Contracts in progress37-€34,855€17,059▼ 51.1%
Amounts receivable within one year40/41€21,773€112,825€336,123▲ 198%
Trade receivables40€21,773€98,466€330,600▲ 236%
Other amounts receivable41-€14,358€5,524▼ 61.5%
Cash at bank and in hand54/58€112,766€259,117€329,335▲ 27.1%
Deferred charges and accrued income490/1--€541-
Equity and liabilities
Total equity and liabilities10/49€171,832€424,578€709,951▲ 67.2%
Equity10/15€140,407€178,868€202,736▲ 13.3%
Contributions10/11€60,000€60,000€60,000=
Reserves13€80,407€118,868€142,736▲ 20.1%
Distributable reserves133€80,407€118,868€142,736▲ 20.1%
Amounts payable17/49€31,425€245,711€507,216▲ 106%
Amounts payable within one year42/48€31,425€245,711€507,216▲ 106%
Trade debts44€7,728€85,104€115,720▲ 36.0%
Suppliers440/4€7,728€85,104€115,720▲ 36.0%
Taxes, remuneration and social security45€23,697€10,606€1,496▼ 85.9%
Taxes450/3€23,697€10,606€50▼ 99.5%
Remuneration and social security454/9--€1,446-
Other amounts payable47/48-€150,000€390,000▲ 160%
Line202320242025Change
Profit (loss) for the period9904€80,407€192,379€413,868▲ 115%
+ Depreciation and write-downs630€227€2,730€3,243▲ 18.8%
Operating cash flow (approximation)€80,635€195,109€417,110▲ 114%
Investment in fixed assets (approximation)--€5,345-€2,345▲ 56.1%
Change in cash-€146,351€70,218▼ 52.0%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 30-04-2027
2026
05-03
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial Highest result since 2023net €413,868 ▲115%
Operating result €420,270, net result €413,868, both a record.
30-09
Financial Equity above €200,000Eq €202,736 ▲13.3%
3 profitable years in a row build equity to €202,736.
07-04
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial Equity above €150,000Eq €178,868 ▲27.4%
2 profitable years in a row build equity to €178,868.
21-03
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Zwevegem · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
3.1 ha
Building footprint
1.9 ha
Volume, LiDAR
141,401 m³
2 parcels, Flanders · tallest building 11.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MD AUTOMATION
Oudenaardestraat 84, 8570 AnzegemManufacture of metal structures and parts of structures
since 20232.341.214.269
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34038B0064/00F002 Flanders 3.0 ha 1 · 1.9 ha 11.3 m · 2 fl.
34014B0368/00G000 Flanders 981 m² 1 · 177 m² 8.1 m · 2 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Subsidies and aid

Flemish government

2024 to 2025 · 2 entries · 925 EUR awarded · 924 EUR paid
Year Entries awardedpaid
2025 1 788 EUR924 EUR
2024 1 137 EUR0 EUR
Schemes
2 entries · 925 EUR · 924 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 11,567 companies in this sector we hold annual accounts for 6,567. 5,115 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded11-01-2023
Fiscal year end30-09
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
28299Manufacture of machinery and equipment not elsewhere classified
33200Installation of industrial machinery and equipment
46649Wholesale of other machinery and equipment
74999Other professional, scientific and technical activities
Contact
E-mail thomas.mortier@mdautomation.be
E-invoicing
Reachable via Peppol
Peppol ID 0208:0797016930
Also 9925:BE0797016930
Registered 20-11-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 1 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.