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MD DECO & CO

Active
Private limited companyfounded 20233 yrs activeRue de Bavay 88, 7380 Quiévrain, BelgiumKBO/BCE: BE 0805.615.286
Summary

The computed 12-month bankruptcy probability of MD DECO & CO is 1.8% (moderate). The 2025 annual accounts show equity of €29,498 and a net result of €10,544. Its solvency ranks better than 72% of 11547 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability100=
Solvency94▲+32
Growth52
Track record94
Bankruptcy probability, 12 months
1.8% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 3.24 against 1.48 in 2024; short-term debt: 30.6% and cash: 38.8% of total assets), and 30.6% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more 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 2025
Solvency, return and age of the figures
Solvency
69.4%
Return on assets
24.8%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-09-2026, 32 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filings
Deviation from the deadline
2025
32 d late
2024
28 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 2 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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.
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
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

History

MD DECO & CO was incorporated on 8 September 2023 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€29,498▲ 55.6%
2024 · €18,954
Total assets
€42,512▼ 16.4%
2024 · €50,845
Net result
€10,544▼ 33.9%
2024 · €15,954
Working capital
€29,098▲ 90.3%
2024 · €15,294
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line20242025
Operating result€25,732-€16,098▼ 37.4%
Net result€15,954within the sector's middle half-€10,544within the sector's middle half▼ 33.9%
Equity€18,954within the sector's middle half-€29,498within the sector's middle half▲ 55.6%
Total assets€50,845below the sector's middle half-€42,512below the sector's middle half▼ 16.4%
Debt€31,891-€13,014▼ 59.2%
Working capital€15,294within the sector's middle half-€29,098within the sector's middle half▲ 90.3%
Solvency37.3%within the sector's middle half-69.4%within the sector's middle half▲ 32.1pp
Current ratio1.48within the sector's middle half-3.24within the sector's middle half▲ 1.76
Return on assets (ROA)31.4%above the sector's middle half-24.8%above the sector's middle half▼ 6.6pp
above within below the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
€0€10,000€20,000€30,000Operating result 2024: €25,732€25,732Net result 2024: €15,954€15,954Operating result 2025: €16,098€16,098Net result 2025: €10,544€10,54420242025€0€10,000€20,000€30,000Operating result 2024: €25,732€25,700Net result 2024: €15,954€16,000Operating result 2025: €16,098€16,100Net result 2025: €10,544€10,50020242025
The operating result falls in 2025; 2025 is 37% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €42,512
Fixed assets €400 ▼ 89.1%
Current assets €42,112 ▼ 10.8%
Equity and liabilities €42,512
Equity €29,498 ▲ 55.6%
Debt €13,014 ▼ 59.2%
Debt's share of the balance-sheet total falls from 62.7% to 30.6%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
Debt to equity
0.44▼
2024 · 1.68
ROE
35.7%▼
2024 · 84.2%
Debt ≤ 1 year
€13,014▼
2024 · €31,891
Income taxes
€3,960▼
2024 · €6,142
Staff costs
€542
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.8% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 39,278 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet Code20242025
Assets
Total assets20/58€50,845€42,512▼
Fixed assets21/28€3,660€400▼
Tangible fixed assets22/27€3,260-
Furniture and vehicles24€3,260-
Financial fixed assets28€400€400=
Current assets29/58€47,185€42,112▼
Amounts receivable within one year40/41€10,686€9,298▼
Trade receivables40€10,620€9,298▼
Other amounts receivable41€66-
Cash at bank and in hand54/58€14,508€16,500▲
Deferred charges and accrued income490/1€21,991€16,314▼
Equity and liabilities
Total equity and liabilities10/49€50,845€42,512▼
Equity10/15€18,954€29,498▲
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14€15,954€26,498▲
Amounts payable17/49€31,891€13,014▼
Amounts payable within one year42/48€31,891€13,014▼
Trade debts44€3,425€1,270▼
Suppliers440/4€3,425€1,270▼
Taxes, remuneration and social security45€13,554€8,909▼
Taxes450/3€10,753€8,909▼
Remuneration and social security454/9€2,801-
Other amounts payable47/48€14,912€2,836▼
Income statement Code20242025
Remuneration, social security and pensions62-€542
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,265-
Other operating charges640/8€17,633-
Gross operating margin9900€45,631€16,640▼
Operating profit (loss)9901€25,732€16,098▼
Financial income75/76B€17€107▲
Recurring financial income75€17€107▲
Financial charges65/66B€3,653€1,702▼
Recurring financial charges65€3,653€1,702▼
Profit (loss) for the period before taxes9903€22,096€14,504▼
Income taxes67/77€6,142€3,960▼
Profit (loss) for the period9904€15,954€10,544▼
Profit (loss) for the period to be appropriated9905€15,954€10,544▼
Appropriation of the result
Profit (loss) to be appropriated9906€15,954€26,498▲
Profit (loss) brought forward from the previous period14P-€15,954

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Remuneration, social security and pensions62-€542-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,265--
Other operating charges640/8€17,633--
Gross operating margin9900€45,631€16,640▼ 63.5%
Operating profit (loss)9901€25,732€16,098▼ 37.4%
Financial income75/76B€17€107▲ 517%
Recurring financial income75€17€107▲ 517%
Financial charges65/66B€3,653€1,702▼ 53.4%
Recurring financial charges65€3,653€1,702▼ 53.4%
Profit (loss) for the period before taxes9903€22,096€14,504▼ 34.4%
Income taxes67/77€6,142€3,960▼ 35.5%
Profit (loss) for the period9904€15,954€10,544▼ 33.9%
Profit (loss) for the period to be appropriated9905€15,954€10,544▼ 33.9%
Line20242025Change
Assets
Total assets20/58€50,845€42,512▼ 16.4%
Fixed assets21/28€3,660€400▼ 89.1%
Tangible fixed assets22/27€3,260--
Furniture and vehicles24€3,260--
Financial fixed assets28€400€400=
Current assets29/58€47,185€42,112▼ 10.8%
Amounts receivable within one year40/41€10,686€9,298▼ 13.0%
Trade receivables40€10,620€9,298▼ 12.4%
Other amounts receivable41€66--
Cash at bank and in hand54/58€14,508€16,500▲ 13.7%
Deferred charges and accrued income490/1€21,991€16,314▼ 25.8%
Equity and liabilities
Total equity and liabilities10/49€50,845€42,512▼ 16.4%
Equity10/15€18,954€29,498▲ 55.6%
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14€15,954€26,498▲ 66.1%
Amounts payable17/49€31,891€13,014▼ 59.2%
Amounts payable within one year42/48€31,891€13,014▼ 59.2%
Trade debts44€3,425€1,270▼ 62.9%
Suppliers440/4€3,425€1,270▼ 62.9%
Taxes, remuneration and social security45€13,554€8,909▼ 34.3%
Taxes450/3€10,753€8,909▼ 17.1%
Remuneration and social security454/9€2,801--
Other amounts payable47/48€14,912€2,836▼ 81.0%
Line20242025Change
Profit (loss) for the period9904€15,954€10,544▼ 33.9%
+ Depreciation and write-downs630€2,265--
Operating cash flow (approximation)€18,219€10,544▼ 42.1%
Investment in fixed assets (approximation)-€3,260-
Change in cash-€1,992-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
01-09
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 32 days late
2025
31-12
Financial Liquidity doublescurrent ratio 3.24
Current ratio from 1.48 to 3.24; short-term debt falls from €31,891 to €13,014.
03-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
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, Quiévrain · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
3,777 m²
Building footprint
397 m²
Volume, LiDAR
2,102 m³
Parcel 53008A0049/00C000, Wallonia · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
MD DECO & CO
Rue de Bavay 88, 7380 QuiévrainAgents in non-specialised wholesale trade
since 20232.349.703.254
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
53008A0049/00C000 Wallonia 3,777 m² 1 · 397 m² 7.3 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.

Similar companies · same sector, comparable size

Of 552 companies in sector 46220 we hold annual accounts for 308. 181 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
Founded08-09-2023
Fiscal year end31-12
Activities, NACEBEL 2025
46220Wholesale trade
46190Agents in non-specialised wholesale trade
47761Retail sale of flowers, plants, seeds and fertilisers
47762Retail sale of pets, pet food and pet supplies
47784Retail sale of souvenirs and religious articles
E-invoicing
Reachable via Peppol
Peppol ID 0208:0805615286
Also 9925:BE0805615286
Registered 28-11-2025

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.