Summary
MD CONSULT is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €55,138 and a net result of €5,092. Equity is growing by ~34.8% per year across the filed fiscal years. The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 27-06-2026, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
34 d early
2024
35 d early
2023
34 d early
2022
33 d early
2021
48 d early
2020
33 d early
2019
220 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average on the deadline day; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
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. Usually files around 27 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Equity
€55,138▲ 10.2%
2023 · €50,046
Net result
€5,092▼ 45.9%
2023 · €9,408
Total assets
€110,672▼ 35.2%
2023 · €170,829
Solvency
49.8%▲ 20.5pp
2023 · 29.3%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€11,565▼ 55.1%€3,394€46,372▲ 1,266%€13,947▼ 69.9%€9,227▼ 33.8%
Net result-€14,424below the sector's middle half▼ 14.4%€4,743within the sector's middle half€33,668within the sector's middle half▲ 610%€9,408within the sector's middle half▼ 72.1%€5,092within the sector's middle half▼ 45.9%
Equity-€4,073below the sector's middle half€670below the sector's middle half€34,337below the sector's middle half▲ 5,027%€50,046within the sector's middle half▲ 45.7%€55,138within the sector's middle half▲ 10.2%
Total assets€60,919below the sector's middle half▲ 12.6%€68,994below the sector's middle half▲ 13.3%€63,646below the sector's middle half▼ 7.8%€170,829within the sector's middle half▲ 168%€110,672below the sector's middle half▼ 35.2%
Debt€64,992▲ 48.5%€68,324▲ 5.1%€29,309▼ 57.1%€120,783▲ 312%€55,534▼ 54.0%
Working capital-€18,817within the sector's middle half-€10,447within the sector's middle half▲ 44.5%€19,956within the sector's middle half-€27,399below the sector's middle half-€6,825within the sector's middle half▲ 75.1%
Solvency-6.7%below the sector's middle half▼ 25.8pp1.0%below the sector's middle half▲ 7.7pp54.0%within the sector's middle half▲ 53.0pp29.3%within the sector's middle half▼ 24.7pp49.8%within the sector's middle half▲ 20.5pp
Current ratio0.71within the sector's middle half▼ 0.460.85within the sector's middle half▲ 0.141.68within the sector's middle half▲ 0.830.77within the sector's middle half▼ 0.910.88within the sector's middle half▲ 0.10
Return on assets (ROA)-23.7%below the sector's middle half▼ 0.4pp6.9%within the sector's middle half▲ 30.6pp52.9%above the sector's middle half▲ 46.0pp5.5%within the sector's middle half▼ 47.4pp4.6%within the sector's middle half▼ 0.9pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
The operating result has fallen two years in a row; 2024 is 34% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €110,672
Fixed assets
€61,963 ▼ 20.0%
Current assets
€48,709 ▼ 47.8%
Equity and liabilities €110,672
Equity
€55,138 ▲ 10.2%
Debt
€55,534 ▼ 54.0%
Debt's share of the balance-sheet total falls from 70.7% to 50.2%. Equity is higher and debt is lower.
Key figures and ratios
ROE
9.2%▼
2023 · 18.8%
Debt ≤ 1 year
€55,534▼
2023 · €120,783
Income taxes
€3,792▼
2023 · €4,227
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,357 | €5,235 | €6,650 | €18,422 | €27,856 | ▲ 51.2% |
| Other operating charges640/8 | - | €2,118 | €713 | €7,413 | €1,919 | ▼ 74.1% |
| Gross operating margin9900 | -€6,394 | €10,746 | €53,734 | €39,782 | €39,002 | ▼ 2.0% |
| Operating profit (loss)9901 | -€11,565 | €3,394 | €46,372 | €13,947 | €9,227 | ▼ 33.8% |
| Financial income75/76B | - | €90 | €0 | €4 | €7 | ▲ 74.6% |
| Recurring financial income75 | €0 | €90 | €0 | €4 | €7 | ▲ 74.6% |
| Financial charges65/66B | - | €240 | €248 | €316 | €350 | ▲ 10.9% |
| Recurring financial charges65 | €296 | €240 | €248 | €316 | €350 | ▲ 10.9% |
| Profit (loss) for the period before taxes9903 | -€11,861 | €3,244 | €46,124 | €13,636 | €8,884 | ▼ 34.8% |
| Income taxes67/77 | €2,563 | -€1,499 | €12,456 | €4,227 | €3,792 | ▼ 10.3% |
| Profit (loss) for the period9904 | -€14,424 | €4,743 | €33,668 | €9,408 | €5,092 | ▼ 45.9% |
| Profit (loss) for the period to be appropriated9905 | -€14,424 | €4,743 | €33,668 | €9,408 | €5,092 | ▼ 45.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €60,919 | €68,994 | €63,646 | €170,829 | €110,672 | ▼ 35.2% |
| Fixed assets21/28 | €14,744 | €11,117 | €14,382 | €77,444 | €61,963 | ▼ 20.0% |
| Tangible fixed assets22/27 | €14,744 | €11,117 | €14,382 | €77,444 | €61,963 | ▼ 20.0% |
| Plant, machinery and equipment23 | - | €2,828 | €7,760 | €17,886 | €11,966 | ▼ 33.1% |
| Furniture and vehicles24 | - | €8,289 | €6,621 | €59,558 | €49,997 | ▼ 16.1% |
| Current assets29/58 | €46,175 | €57,877 | €49,265 | €93,384 | €48,709 | ▼ 47.8% |
| Amounts receivable within one year40/41 | €3,369 | €34,631 | €7,139 | €57,727 | €31,505 | ▼ 45.4% |
| Trade receivables40 | - | €29,700 | €6,104 | €56,683 | €24,624 | ▼ 56.6% |
| Other amounts receivable41 | - | €4,931 | €1,034 | €1,043 | €6,881 | ▲ 560% |
| Cash at bank and in hand54/58 | €42,806 | €23,246 | €30,627 | €18,398 | €17,204 | ▼ 6.5% |
| Deferred charges and accrued income490/1 | - | - | €11,499 | €17,260 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €60,919 | €68,994 | €63,646 | €170,829 | €110,672 | ▼ 35.2% |
| Equity10/15 | -€4,073 | €670 | €34,337 | €50,046 | €55,138 | ▲ 10.2% |
| Contributions10/11 | - | €12,700 | €12,700 | €19,000 | €19,000 | = |
| Reserves13 | €1,900 | €1,900 | €1,900 | €1,900 | €1,900 | = |
| Non-distributable reserves130/1 | - | €1,900 | €1,900 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,900 | €1,900 | €0 | - | - |
| Distributable reserves133 | - | - | - | €1,900 | €1,900 | = |
| Profit (loss) carried forward14 | -€18,673 | -€13,930 | €19,737 | €29,146 | €34,238 | ▲ 17.5% |
| Amounts payable17/49 | €64,992 | €68,324 | €29,309 | €120,783 | €55,534 | ▼ 54.0% |
| Amounts payable within one year42/48 | €64,992 | €68,324 | €29,309 | €120,783 | €55,534 | ▼ 54.0% |
| Trade debts44 | €5,624 | €34,384 | €6,137 | €71,597 | €475 | ▼ 99.3% |
| Suppliers440/4 | - | €34,384 | €6,137 | €71,597 | €475 | ▼ 99.3% |
| Taxes, remuneration and social security45 | - | €368 | €14,936 | €9,591 | €6,591 | ▼ 31.3% |
| Taxes450/3 | - | €368 | €14,936 | €9,591 | €6,591 | ▼ 31.3% |
| Other amounts payable47/48 | - | €33,573 | €8,235 | €39,594 | €48,469 | ▲ 22.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€14,424 | €4,743 | €33,668 | €9,408 | €5,092 | ▼ 45.9% |
| + Depreciation and write-downs630 | €4,357 | €5,235 | €6,650 | €18,422 | €27,856 | ▲ 51.2% |
| Operating cash flow (approximation) | -€10,067 | €9,977 | €40,317 | €27,830 | €32,948 | ▲ 18.4% |
| Investment in fixed assets (approximation) | - | -€1,607 | -€9,914 | -€81,485 | -€12,375 | ▲ 84.8% |
| Change in cash | - | -€19,560 | €7,381 | -€12,229 | -€1,194 | ▲ 90.2% |
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
27-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €33,668 ▲610%
Operating result €46,372, net result €33,668, both a record.
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €4,743
Net result €4,743 after 3 loss-making years.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
08-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 220 days late
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Sint-Martens-Latem · 1 establishment unit since 2015
Ground area
2,302 m²
Building footprint
199 m²
Volume, LiDAR
1,024 m³
Parcel 44015A0036/00A000, Flanders · tallest building 7.5 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 20152.242.359.589
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44015A0036/00A000 | Flanders | 2,302 m² | 1 · 199 m² | 7.5 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 24,728 companies in sector 64210 we hold annual accounts for 19,805. 10,716 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
Founded04-05-2015
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
93129Activities of other sports clubs
E-invoicing
Reachable via Peppol
Peppol ID
0208:0629738945
Also
9925:BE0629738945
Registered
20-08-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.