MD-BOUW
ActiveSummary
MD-BOUW has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.08M and a net result of €1.13M. Equity is growing by ~12.3% per year across the filed fiscal years. Its solvency ranks better than 38% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▼-4
Solvency44=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity tight (current ratio 1.19 against 1.19 in 2024; short-term debt: 78.8% and cash: 9.9% of total assets), and 80.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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 2025Solvency, return and age of the figures
Solvency
19.3%
Return on assets
10.6%
Age of the figures
9 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
17 d early
2023
17 d early
2022
94 d early
2021
97 d early
2020
86 d early
2019
95 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.08M▲ 6.9%
2024 · €1.94M
2018: €572k
2019: €741k
2020: €1.02M
2021: €1.77M
2022: €2.94M
2023: €2.57M
2024: €1.94M
2018 → 2025
Total assets
€10.73M▲ 6.8%
2024 · €10.04M
2018: €2.68M
2019: €3.13M
2020: €5.40M
2021: €6.28M
2022: €7.50M
2023: €10.33M
2024: €10.04M
2018 → 2025
Net result
€1.13M▼ 17.5%
2024 · €1.38M
2018: €120k
2019: €401k
2020: €1.98M
2021: €2.27M
2022: €2.80M
2023: €2.59M
2024: €1.38M
2018 → 2025
Working capital
€1.57M▲ 9.8%
2024 · €1.43M
2018: €366k
2019: €514k
2020: €760k
2021: €1.33M
2022: €2.58M
2023: €2.00M
2024: €1.43M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.77M-€2.94M▲ 65.9%€2.57M▼ 12.8%€1.94M▼ 24.3%€2.08M▲ 6.9%
Operating result€2.51M-€3.27M▲ 30.2%€3.38M▲ 3.6%€1.86M▼ 45.1%€1.56M▼ 16.2%
Net result€2.27M-€2.80M▲ 23.7%€2.59M▼ 7.5%€1.38M▼ 46.9%€1.13M▼ 17.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 16% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.73M
Fixed assets
€708k ▼ 22.3%
Current assets
€10.02M ▲ 9.8%
Equity and liabilities €10.73M
Equity
€2.08M ▲ 6.9%
Debt
€8.65M ▲ 6.8%
Debt's share of the balance-sheet total stays at 80.7%.
Key figures and ratios
EBITDA
€1.85M▼
2024 · €2.21M
Cash flow
€1.43M▼
2024 · €1.73M
Current ratio
1.19=
2024 · 1.19
Quick ratio
1.16▼
2024 · 1.18
Debt to equity
4.17▼
2024 · 4.17
ROE
54.7%▼
2024 · 70.9%
ROA
10.6%▼
2024 · 13.7%
Interest coverage
27.12▲
2024 · 24.86
Debt ≤ 1 year
€8.45M▲
2024 · €7.70M
Debt > 1 year
€203k▼
2024 · €401k
Income taxes
€389k▼
2024 · €472k
Staff costs
€1.23M▼
2024 · €1.40M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€10.04M€10.73M▲
Fixed assets21/28€912k€708k▼
Tangible fixed assets22/27€912k€708k▼
Land and buildings22€33k€56k▲
Plant, machinery and equipment23€364k€331k▼
Furniture and vehicles24€50k€38k▼
Leasing and similar rights25€465k€283k▼
Current assets29/58€9.13M€10.02M▲
Stocks and contracts in progress3€20k€214k▲
Stocks30/36€20k€80k▲
Contracts in progress37-€134k
Amounts receivable within one year40/41€6.37M€8.73M▲
Trade receivables40€3.07M€4.10M▲
Other amounts receivable41€3.30M€4.63M▲
Cash at bank and in hand54/58€2.67M€1.06M▼
Deferred charges and accrued income490/1€70k€21k▼
Equity and liabilities
Total equity and liabilities10/49€10.04M€10.73M▲
Equity10/15€1.94M€2.08M▲
Contributions10/11€25k€25k=
Reserves13€8k€8k=
Distributable reserves133€8k€8k=
Profit (loss) carried forward14€1.91M€2.04M▲
Amounts payable17/49€8.10M€8.65M▲
Amounts payable after more than one year17€401k€203k▼
Financial debts170/4€401k€203k▼
Amounts payable within one year42/48€7.70M€8.45M▲
Current portion of amounts payable after more than one year42€226k€203k▼
Financial debts43€696k€400k▼
Credit institutions430/8€696k€400k▼
Trade debts44€3.90M€4.02M▲
Suppliers440/4€3.90M€4.02M▲
Taxes, remuneration and social security45€97k€52k▼
Taxes450/3€32k-
Remuneration and social security454/9€65k€52k▼
Other amounts payable47/48€2.78M€3.78M▲
Income statement
Code20242025
Remuneration, social security and pensions62€1.40M€1.23M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€350k€299k▼
Other operating charges640/8€17k€22k▲
Gross operating margin9900€3.63M€3.11M▼
Operating profit (loss)9901€1.86M€1.56M▼
Financial income75/76B€79k€36k▼
Recurring financial income75€79k€36k▼
Financial charges65/66B€89k€68k▼
Recurring financial charges65€89k€68k▼
Profit (loss) for the period before taxes9903€1.85M€1.52M▼
Income taxes67/77€472k€389k▼
Profit (loss) for the period9904€1.38M€1.13M▼
Profit (loss) for the period to be appropriated9905€1.38M€1.13M▼
Appropriation of the result
Profit (loss) to be appropriated9906€3.91M€3.04M▼
Profit (loss) brought forward from the previous period14P€2.53M€1.91M▼
Profit to be distributed694/7€2.00M€1.00M▼
Return on contributions (dividend)694€2.00M€1.00M▼
Social balance
Average headcount (FTE)908727.221.4▼
The notes to these accounts (11 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
19-08
State Gazette act
Resignation: N3X INVESTMENTS NV (director)Power of attorney3 facts ▸
State Gazette act
Resignation: N3X INVESTMENTS NV (director)
Power of attorney3 facts ▸
- General meeting, 15-06-2026
- Director resignation, N3X INVESTMENTS NV (director)
- Power of attorney, Ackmo Accountants & Tax Advisers BV
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €2MEq €2.08M ▲6.9%
8 profitable years in a row build equity to €2.08M.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
14-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €2.80M ▲23.7%
Net result €2.80M, the highest in the series.
31-12
Financial
Equity above €2MEq €2.94M ▲65.9%
5 profitable years in a row build equity to €2.94M.
25-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
06-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €1MEq €1.02M ▲37.8%
3 profitable years in a row build equity to €1.02M.
27-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 23 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 12 acts read
About the unread acts
Of the 12 Belgian State Gazette acts we know for this company, 1 has been read. The other 11 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
15-06-2026
Resigned as Director
Not every act has been read: a resignation may be missing here
11 of this company's 12 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Lille · 1 establishment unit since 2010
Ground area
2,683 m²
Building footprint
1,721 m²
Volume, LiDAR
8,957 m³
Parcel 13009C0899/00G000, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
MD-BOUW
since 20102.190.642.654
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13009C0899/00G000 | Flanders | 2,683 m² | 1 · 1,721 m² | 7.2 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 5 entries · 13,681 EUR awarded · 13,495 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 144 EUR | 4 EUR |
| 2024 | 1 | 1,951 EUR | 1,951 EUR |
| 2023 | 2 | 11,586 EUR | 11,540 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 2,946 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-06-2010
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
68121Development of residential building projects
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 1 actNational Bank · 15 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.