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MD Belgium

Active
Private limited companyfounded 200917 yrs activeZetellaan(E) 100, 3630 Maasmechelen, BelgiumKBO/BCE: BE 0809.126.983
Summary

The computed 12-month bankruptcy probability of MD Belgium is 4.1% (elevated). The 2024 annual accounts show equity of €12,521 and a net result of -€1,851. Equity is shrinking by ~32.2% per year across the filed fiscal years. Its solvency ranks better than 16% of 6550 sector peers (fiscal year 2024). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
MD BelgiumActiveChecked score 47/100
Risk analysis ReportCompare

Overview

Activity
Retail trade
NACE 47714
7 sites
Size
€1.4mturnover 2024
Staff
9.7 FTE
Equity
€12,521
Loss
-€1,851
Financial health
47 Fair Checked score 2024
Bankruptcy chance 12 m
4.1%
Structure
Accounts 65 d overdue0 of 8 deeds read
Why 47- Figures for FY 2024 (filed 20-01-2026)- 1 financial year not filed after the legal deadline; latest accounts 173 days late; 2 of the last 3 late+ Founded in 2009+ Liquidity: current ratio 0.96, cash €89,548Show the evidence

Checked score

Score 2024
47 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 32% of its sector peers (NACE 47, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Weak
Solvency 29+2
equity 3.9% of total assets
Liquidity 34+20
short-term debt 92.4% · cash 27.6%
Profitability 54+37
return on assets -0.6%
Bankruptcy probability, 12 months
4.1% Elevated
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (39,974 companies)
Last 24 months 11-2024: 6.5% 12-2024: 6.5%● 0.0% vs 11-2024 01-2025: 6.5%● 0.0% vs 12-2024 02-2025: 6.5%▼ -0.4% vs 01-2025 03-2025: 6.4%▼ -1.7% vs 02-2025 04-2025: 6.5%▲ +2.6% vs 03-2025 05-2025: 6.4%▼ -2.0% vs 04-2025 06-2025: 6.2%▼ -3.1% vs 05-2025 07-2025: 6.4%▲ +3.0% vs 06-2025 08-2025: 7.7%▲ +21.4% vs 07-2025 09-2025: 9.2%▲ +19.2% vs 08-2025 10-2025: 12.5%▲ +35.3% vs 09-2025 11-2025: 12.5%● 0.0% vs 10-2025 12-2025: 14.0%▲ +12.3% vs 11-2025 01-2026: 16.6%▲ +18.8% vs 12-2025highest value 02-2026: 7.5%▼ -54.8% vs 01-2026 03-2026: 3.8%▼ -49.5% vs 02-2026 04-2026: 3.9%▲ +1.4% vs 03-2026 05-2026: 4.2%▲ +7.9% vs 04-2026 06-2026: 3.9%▼ -6.2% vs 05-2026 07-2026: 3.8%▼ -2.7% vs 06-2026lowest value 08-2026: 4.7%▲ +22.5% vs 07-2026 09-2026: 5.7%▲ +22.4% vs 08-2026 10-2026: 4.1%▼ -27.2% vs 09-2026
  • Founded in 2009 lowers the probability for this profile
  • Figures for FY 2024 (filed 20-01-2026) raises the probability
  • 1 financial year not filed after the legal deadline; latest accounts 173 days late; 2 of the last 3 late raises the probability
  • Liquidity: current ratio 0.96, cash €89,548 lowers the probability
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.96 against 0.97 in 2023; short-term debt: 92.4% and cash: 27.6% of total assets), and 96.1% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, micro). Better than this share of them on solvency 22%, liquidity 32%, profitability 38%, growth against the median 37%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Founded in 2009
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Figures for FY 2024 (filed 20-01-2026)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 173 days late; 2 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
lowers risk · Liquidity: current ratio 0.96, cash €89,548
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
18192021222324
2018 to 2024 · latest year -€1,851
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 6550 sector peers (2024).
NBB · sector comparison
Position among 6550 sector peers
Solvency
better than 16%
← weakest strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-01-2026, 173 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
173 d late
2023
19 d late
2022
32 d late
2021
4 d early
2020
102 d late
2019
72 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 42 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

Checked, nothing found (1)
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
  1. Annual accounts filedfiscal year 2024 · full…
  2. Annual accounts filedfiscal year 2023 · full…
  3. Annual accounts filedfiscal year 2022 · full…

Key points

  • Caution: Among the weakest 16% on equitysector median €300,599 · 6,552 companies €12,521 View
  • Caution: Accounts not fileddeadline was 31-07-2026 65 d late View
  • Caution: 2 loss-making years in a rowloss fiscal year 2024 -€1,851 View
  • Known shareholderslargest: Dare To Be… 4.84% 5.79% View

By topic

Financials

Fiscal year
2024
Turnover
€1.4m
Loss
-€1,851
Solvency
3.9%
Turnover▲ 1.9%
Net result
20182024
Go to Financials

Timeline

Events
12
Since
2016
  1. 20-01-2026Annual accounts filed
  2. 19-08-2024Annual accounts filed
  3. 01-09-2023Annual accounts filed
Go to Timeline

Company details

Sites
7
Legal form
Private limited company
Activity
Retail tradeNACE 47714
Founded
15-01-2009
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies How does this company compare with its sector?Sector benchmark

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