MD Comms
Annual accounts 2025
full format, filed on 31-03-2026, 122 days before the deadlineThe turnover shown is an estimate from the gross margin.
Turnover ≈ €160,000. Estimated: probably between €130,000 and €210,000.
Balance sheet
balance sheet total €172,329 on 31-12-2025in euro
in euro
Position in the sector
0.6%
Higher than 9% of 3,873 companies in 2025.
0.84
Higher than 34% of 3,727 companies in 2025.
45.3%
Higher than 95% of 3,849 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
172,329 | 632,087 | 541,769 | 491,177 | 688,768 | |
21/28 |
27,811 | 29,510 | 28,282 | 29,110 | 17,293 | |
22/27 |
27,811 | 29,510 | 28,282 | 29,110 | 17,293 | |
22 |
12,118 | 14,196 | 13,657 | 15,475 | 17,293 | |
24 |
4,393 | 4,013 | 3,324 | 2,335 | - | |
26 |
11,300 | 11,300 | 11,300 | 11,300 | - | |
29/58 |
144,518 | 602,577 | 513,488 | 462,067 | 671,475 | |
29 |
- | 318,308 | 293,539 | 267,383 | - | |
291 |
- | 318,308 | 293,539 | 267,383 | - | |
40/41 |
20,541 | 70,107 | 26,472 | 20,581 | 182,879 | |
40 |
20,541 | 69,912 | 25,555 | 18,174 | 182,879 | |
41 |
- | 195 | 917 | 2,408 | - | |
54/58 |
121,949 | 213,941 | 185,028 | 171,271 | 488,597 | |
490/1 |
2,029 | 221 | 8,449 | 2,833 | - | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
172,329 | 632,087 | 541,769 | 491,177 | 688,768 | |
10/15 |
1,000 | 391,946 | 533,822 | 474,081 | 424,944 | |
10/11 |
1,000 | 1,000 | 1,000 | 1,000 | 1,000 | |
13 |
- | 390,946 | 532,822 | 473,081 | 423,944 | |
133 |
- | 390,946 | 532,822 | 473,081 | 423,944 | |
17/49 |
171,329 | 240,141 | 7,948 | 17,097 | 263,825 | |
42/48 |
171,329 | 240,053 | 7,948 | 17,097 | 261,279 | |
43 |
- | 95 | - | - | - | |
430/8 |
- | 95 | - | - | - | |
44 |
3,717 | 35,875 | 3,179 | 2,700 | 4,072 | |
440/4 |
3,717 | 35,875 | 3,179 | 2,700 | 4,072 | |
46 |
680 | - | - | - | - | |
45 |
79,474 | 4,083 | 4,768 | 2,989 | 193,256 | |
450/3 |
79,474 | 4,083 | 4,768 | 2,989 | 193,256 | |
47/48 |
87,458 | 200,000 | - | 11,408 | 63,951 | |
492/3 |
- | 88 | - | - | 2,546 | |
| Income statement | ||||||
9900 |
101,091 | 81,948 | 74,989 | 63,918 | 560,403 | |
630 |
3,806 | 3,423 | 2,550 | 2,087 | 885 | |
640/8 |
1,182 | 5,856 | 384 | 348 | 398 | |
9901 |
96,103 | 72,670 | 72,054 | 61,483 | 559,120 | |
75/76B |
6,658 | 7,256 | 5,782 | 2,505 | 17 | |
75 |
6,658 | 7,256 | 5,782 | 2,505 | 17 | |
65/66B |
3,094 | 4,761 | 155 | 563 | 16 | |
65 |
3,094 | 4,761 | 155 | 563 | 16 | |
9903 |
99,667 | 75,165 | 77,682 | 63,425 | 559,122 | |
67/77 |
21,555 | 17,041 | 17,941 | 14,288 | 135,178 | |
9904 |
78,111 | 58,124 | 59,741 | 49,137 | 423,944 | |
9905 |
78,111 | 58,124 | 59,741 | 49,137 | 423,944 | |
| Appropriation of the result | ||||||
9906 |
78,111 | 58,124 | 59,741 | 49,137 | 423,944 | |
791/2 |
390,946 | 200,000 | - | - | - | |
691/2 |
- | 58,124 | 59,741 | 49,137 | 423,944 | |
6921 |
- | 58,124 | 59,741 | 49,137 | 423,944 | |
694/7 |
469,057 | 200,000 | - | - | - | |
694 |
469,057 | 200,000 | - | - | - | |
| Document | ||||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 31-03-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 31-03-2026 | 2026-00067534 | |
| 31-12-2024 | full format | 12-06-2025 | 2025-00145500 | |
| 31-12-2023 | full format | 30-08-2024 | 2024-00416946 | |
| 31-12-2022 | full format | 16-08-2023 | 2023-00330217 | |
| 31-12-2021 | micro format | 16-08-2022 | 2022-20292883 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 99,909 | 76,093 | 74,604 | 63,570 | 560,005 | ||
| 81,917 | 61,547 | 62,291 | 51,224 | 424,828 | ||
| 2,108 | 4,651 | 1,721 | 13,904 | 18,178 | ||
| -91,992 | 28,912 | 13,758 | -317,326 | - | ||
| -26,811 | 362,524 | 505,540 | 444,971 | 410,196 | ||
| 0.6% | 62.0% | 98.5% | 96.5% | 61.7% | ||
| 0.84 | 2.51 | 64.61 | 27.03 | 2.57 | ||
| - | 0.61 | 0.01 | 0.04 | 0.62 | ||
| - | 14.8% | 11.2% | 10.4% | 99.8% | ||
| 45.3% | 9.2% | 11.0% | 10.0% | 61.6% | ||
| 32.29 | 15.98 | over 100 | over 100 | over 100 |
EBIT margin: not included in this filing.
A ratio outside any meaningful range has been withheld (balance sheet total €172,329, equity €1,000).
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,108 | €4,651 | €1,721 | €13,904 | €18,178 |
| €3,806 | €3,423 | €2,550 | €2,087 | €885 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on MD Comms
The operating result for 2025 is 32% higher than in 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.
Debt's share of the balance-sheet total rises from 38.0% to 99.4%. Equity and debt are lower.
- 2022 Net result -88% on 2021. The accounts now follow the full format, last year the micro format.