MD-CONSULT
ActiveSummary
MD-CONSULT has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €468k and a net result of €63k. Equity is growing by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▼-2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 24.51 against 24.93 in 2024; short-term debt: 4% and cash: 45.1% of total assets), and 4% 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% 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 2025Solvency, return and age of the figures
Solvency
96%
Return on assets
13%
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 11-05-2026, 81 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
81 d early
2024
94 d early
2023
37 d early
2022
66 d early
2021
2 d early
2020
45 d early
2019
3 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, micro schema
Equity
€468k▲ 15.7%
2024 · €405k
2018: €173klowest in 8 years
2019: €217k▲ +25.5% vs 2018
2020: €253k▲ +17.0% vs 2019
2021: €315k▲ +24.4% vs 2020
2022: €375k▲ +19.0% vs 2021
2023: €344k▼ -8.2% vs 2022
2024: €405k▲ +17.4% vs 2023
2025: €468k▲ +15.7% vs 2024highest in 8 years
2018 → 2025
Total assets
€488k▲ 15.8%
2024 · €421k
2018: €208klowest in 8 years
2019: €273k▲ +31.5% vs 2018
2020: €281k▲ +2.9% vs 2019
2021: €344k▲ +22.4% vs 2020
2022: €401k▲ +16.6% vs 2021
2023: €406k▲ +1.3% vs 2022
2024: €421k▲ +3.7% vs 2023
2025: €488k▲ +15.8% vs 2024highest in 8 years
2018 → 2025
Net result
€63k▲ 5.5%
2024 · €60k
2018: €35klowest in 8 years
2019: €44k▲ +26.4% vs 2018
2020: €51k▲ +15.1% vs 2019
2021: €62k▲ +22.0% vs 2020
2022: €60k▼ -3.0% vs 2021
2023: €60k▲ +0.6% vs 2022
2024: €60k▼ -0.4% vs 2023
2025: €63k▲ +5.5% vs 2024highest in 8 years
2018 → 2025
Working capital
€464k▲ 16.2%
2024 · €400k
2018: €170klowest in 8 years
2019: €215k▲ +26.4% vs 2018
2020: €252k▲ +17.1% vs 2019
2021: €314k▲ +24.8% vs 2020
2022: €374k▲ +19.3% vs 2021
2023: €344k▼ -8.1% vs 2022
2024: €400k▲ +16.2% vs 2023
2025: €464k▲ +16.2% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€315k-€375k▲ 19.0%€344k▼ 8.2%€405k▲ 17.4%€468k▲ 15.7%
2021: €315klowest in 5 years
2022: €375k▲ +19.0% vs 2021
2023: €344k▼ -8.2% vs 2022
2024: €405k▲ +17.4% vs 2023
2025: €468k▲ +15.7% vs 2024highest in 5 years
Operating result€91k-€89k▼ 2.7%€89k▲ 0.3%€88k▼ 0.3%€89k▲ 0.6%
2021: €91khighest in 5 years
2022: €89k▼ -2.7% vs 2021
2023: €89k▲ +0.3% vs 2022
2024: €88k▼ -0.3% vs 2023lowest in 5 years
2025: €89k▲ +0.6% vs 2024
Net result€62k-€60k▼ 3.0%€60k▲ 0.6%€60k▼ 0.4%€63k▲ 5.5%
2021: €62k
2022: €60k▼ -3.0% vs 2021lowest in 5 years
2023: €60k▲ +0.6% vs 2022
2024: €60k▼ -0.4% vs 2023
2025: €63k▲ +5.5% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €488k
Fixed assets
€4k ▼ 26.7%
Current assets
€484k ▲ 16.3%
Equity and liabilities €488k
Equity
€468k ▲ 15.7%
Debt
€20k ▲ 18.3%
Debt's share of the balance-sheet total rises from 4.0% to 4.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€90k▲
2024 · €89k
Cash flow
€65k▲
2024 · €61k
Current ratio
24.51▼
2024 · 24.93
Debt to equity
0.04▲
2024 · 0.04
ROE
13.6%▼
2024 · 14.9%
ROA
13.0%▼
2024 · 14.3%
Interest coverage
277.05▲
2024 · 264.96
Debt ≤ 1 year
€20k▲
2024 · €17k
Income taxes
€30k▲
2024 · €28k
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 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€421k€488k▲
Fixed assets21/28€5k€4k▼
Tangible fixed assets22/27€5k€4k▼
Furniture and vehicles24€5k€4k▼
Current assets29/58€416k€484k▲
Amounts receivable after more than one year29-€250k
Other amounts receivable291-€250k
Amounts receivable within one year40/41€14k€14k▼
Trade receivables40€10k€10k=
Other amounts receivable41€5k€4k▼
Cash at bank and in hand54/58€402k€220k▼
Deferred charges and accrued income490/1€141€0▼
Equity and liabilities
Total equity and liabilities10/49€421k€488k▲
Equity10/15€405k€468k▲
Contributions10/11€12k€12k=
Reserves13€340k€403k▲
Tax-exempt reserves132€983€983=
Distributable reserves133€339k€402k▲
Profit (loss) carried forward14€52k€52k=
Amounts payable17/49€17k€20k▲
Amounts payable within one year42/48€17k€20k▲
Trade debts44€253€268▲
Suppliers440/4€253€268▲
Taxes, remuneration and social security45€13k€17k▲
Taxes450/3€13k€17k▲
Other amounts payable47/48€3k€3k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€854€1k▲
Other operating charges640/8€505€520▲
Gross operating margin9900€90k€91k▲
Operating profit (loss)9901€88k€89k▲
Financial income75/76B€114€4k▲
Recurring financial income75€114€4k▲
Financial charges65/66B€337€326▼
Recurring financial charges65€337€326▼
Profit (loss) for the period before taxes9903€88k€93k▲
Income taxes67/77€28k€30k▲
Profit (loss) for the period9904€60k€63k▲
Profit (loss) for the period to be appropriated9905€60k€63k▲
Appropriation of the result
Profit (loss) to be appropriated9906€113k€116k▲
Profit (loss) brought forward from the previous period14P€52k€52k=
Transfer from equity791/2€0-
Transfer to equity691/2€60k€63k▲
To other reserves6921€60k€63k▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €949 | €1k | €421 | €854 | €1k | ▲ 55.1% |
| Other operating charges640/8 | €449 | €450 | €493 | €505 | €520 | ▲ 2.8% |
| Gross operating margin9900 | €92k | €90k | €90k | €90k | €91k | ▲ 1.1% |
| Operating profit (loss)9901 | €91k | €89k | €89k | €88k | €89k | ▲ 0.6% |
| Financial income75/76B | - | - | - | €114 | €4k | ▲ 3,760% |
| Recurring financial income75 | - | - | - | €114 | €4k | ▲ 3,760% |
| Financial charges65/66B | €178 | €127 | €211 | €337 | €326 | ▼ 3.3% |
| Recurring financial charges65 | €178 | €127 | €211 | €337 | €326 | ▼ 3.3% |
| Profit (loss) for the period before taxes9903 | €91k | €88k | €89k | €88k | €93k | ▲ 5.5% |
| Income taxes67/77 | €29k | €28k | €28k | €28k | €30k | ▲ 5.3% |
| Profit (loss) for the period9904 | €62k | €60k | €60k | €60k | €63k | ▲ 5.5% |
| Profit (loss) for the period to be appropriated9905 | €62k | €60k | €60k | €60k | €63k | ▲ 5.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €344k | €401k | €406k | €421k | €488k | ▲ 15.8% |
| Fixed assets21/28 | €1k | €928 | €507 | €5k | €4k | ▼ 26.7% |
| Tangible fixed assets22/27 | €1k | €928 | €507 | €5k | €4k | ▼ 26.7% |
| Furniture and vehicles24 | €1k | €928 | €507 | €5k | €4k | ▼ 26.7% |
| Current assets29/58 | €342k | €400k | €405k | €416k | €484k | ▲ 16.3% |
| Amounts receivable after more than one year29 | - | - | - | - | €250k | - |
| Other amounts receivable291 | - | - | - | - | €250k | - |
| Amounts receivable within one year40/41 | €10k | €2k | €14k | €14k | €14k | ▼ 1.9% |
| Trade receivables40 | €10k | €2k | €10k | €10k | €10k | = |
| Other amounts receivable41 | €12 | €0 | €4k | €5k | €4k | ▼ 5.8% |
| Cash at bank and in hand54/58 | €333k | €398k | €391k | €402k | €220k | ▼ 45.3% |
| Deferred charges and accrued income490/1 | - | - | €448 | €141 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €344k | €401k | €406k | €421k | €488k | ▲ 15.8% |
| Equity10/15 | €315k | €375k | €344k | €405k | €468k | ▲ 15.7% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €250k | €310k | €280k | €340k | €403k | ▲ 18.7% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Tax-exempt reserves132 | €983 | €983 | €983 | €983 | €983 | = |
| Distributable reserves133 | €248k | €307k | €279k | €339k | €402k | ▲ 18.7% |
| Profit (loss) carried forward14 | €52k | €52k | €52k | €52k | €52k | = |
| Amounts payable17/49 | €29k | €26k | €62k | €17k | €20k | ▲ 18.3% |
| Amounts payable within one year42/48 | €29k | €26k | €62k | €17k | €20k | ▲ 18.3% |
| Trade debts44 | €0 | €1k | €836 | €253 | €268 | ▲ 6.0% |
| Suppliers440/4 | €0 | €1k | €836 | €253 | €268 | ▲ 6.0% |
| Taxes, remuneration and social security45 | €14k | €22k | €7k | €13k | €17k | ▲ 26.7% |
| Taxes450/3 | €14k | €22k | €7k | €13k | €17k | ▲ 26.7% |
| Other amounts payable47/48 | €15k | €2k | €53k | €3k | €3k | ▼ 13.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €62k | €60k | €60k | €60k | €63k | ▲ 5.5% |
| + Depreciation and write-downs630 | €949 | €1k | €421 | €854 | €1k | ▲ 55.1% |
| Operating cash flow (approximation) | €63k | €61k | €61k | €61k | €65k | ▲ 6.2% |
| Investment in fixed assets (approximation) | - | €-565 | €0 | €-5k | €0 | ▲ 100% |
| Change in cash | - | €66k | €-7k | €11k | €-182k | ▼ 1,802% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €63k ▲5.5%
Net result €63k, the highest in the series.
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity quadruplescurrent ratio 24.93
Current ratio from 6.58 to 24.93; short-term debt falls from €62k to €17k.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity doublescurrent ratio 10.13
Current ratio from 4.80 to 10.13; short-term debt falls from €56k to €28k.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €200kEq €217k ▲25.5%
2 profitable years in a row build equity to €217k.
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Herselt · 1 establishment unit since 2013
Ground area
2,275 m²
Building footprint
170 m²
Volume, LiDAR
940 m³
Parcel 13013D0314/00C000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MD-Consult
since 20132.217.590.343
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13013D0314/00C000 | Flanders | 2,275 m² | 1 · 169 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,993 companies in sector 62200 we hold annual accounts for 18,396. 12,228 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-02-2013
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
Contact
E-mail
md-consult@hotmail.beHerselt
Phone
0496 51 61 97Herselt
Scores and ratios are computed by Checked and are not a credit decision.