MD DEVELOPMENT & CONSULTING
ActiveSummary
MD DEVELOPMENT & CONSULTING has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €54,970 and a net result of €1,976. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 95% of 37948 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability73▲+60
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days only on tighter terms
Liquidity ample (current ratio 67.44 against 48.15 in 2023; short-term debt: 1.5% and cash: 27.5% of total assets), and 1.5% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-12-2025, 153 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
153 d late
2023
on the day
2022
346 d late
2021
119 d late
2020
174 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 147 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Equity
€54,970▲ 3.7%
2023 · €52,993
Total assets
€55,779▲ 3.1%
2023 · €54,104
Net result
€1,976
2023 · -€2,296
Working capital
€53,794▲ 2.7%
2023 · €52,375
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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€993▼ 30.4%-€1,286-€237▲ 81.6%-€2,226▼ 839%€2,076
Net result€511below the sector's middle half▼ 35.0%-€1,247below the sector's middle half-€326below the sector's middle half▲ 73.9%-€2,296below the sector's middle half▼ 605%€1,976below the sector's middle half
Equity€56,862within the sector's middle half▲ 0.9%€55,615within the sector's middle half▼ 2.2%€55,290within the sector's middle half▼ 0.6%€52,993within the sector's middle half▼ 4.2%€54,970within the sector's middle half▲ 3.7%
Total assets€57,195below the sector's middle half▼ 28.1%€55,627below the sector's middle half▼ 2.7%€55,373below the sector's middle half▼ 0.5%€54,104below the sector's middle half▼ 2.3%€55,779below the sector's middle half▲ 3.1%
Debt€333▼ 98.6%€11▼ 96.7%€84▲ 653%€1,111▲ 1,223%€810▼ 27.1%
Working capital€56,862▲ 2.1%€55,615▼ 2.2%€55,290▼ 0.6%€52,375▼ 5.3%€53,794▲ 2.7%
Solvency99.4%above the sector's middle half▲ 28.6pp100.0%above the sector's middle half▲ 0.6pp99.8%above the sector's middle half▼ 0.1pp97.9%above the sector's middle half▼ 1.9pp98.5%above the sector's middle half▲ 0.6pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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 returns to profit in 2024: €2,076 after a loss of €2,226 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €55,779
Fixed assets
€1,176 ▲ 90.3%
Current assets
€54,604 ▲ 2.1%
Equity and liabilities €55,779
Equity
€54,970 ▲ 3.7%
Debt
€810 ▼ 27.1%
Debt's share of the balance-sheet total falls from 2.1% to 1.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2,324▲
2023 · -€2,099
Cash flow
€2,224▲
2023 · -€2,170
Current ratio
67.44▲
2023 · 48.15
Debt to equity
0.01▼
2023 · 0.02
ROE
3.6%▲
2023 · -4.3%
ROA
3.5%▲
2023 · -4.2%
Interest coverage
23.29▲
2023 · -21.98
Debt ≤ 1 year
€810▼
2023 · €1,111
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,047 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
2.0%
went bankrupt
3.7%
stopped otherwise
94%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 5,047 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €637 | - | - | €126 | €248 | ▲ 96.3% |
| Gross operating margin9900 | €1,630 | -€1,286 | -€237 | -€2,099 | €2,324 | ▲ 211% |
| Operating profit (loss)9901 | €993 | -€1,286 | -€237 | -€2,226 | €2,076 | ▲ 193% |
| Financial income75/76B | - | €181 | - | €25 | - | - |
| Recurring financial income75 | - | €181 | - | €25 | - | - |
| Financial charges65/66B | - | €142 | €89 | €96 | €100 | ▲ 4.5% |
| Recurring financial charges65 | €296 | €142 | €89 | €96 | €100 | ▲ 4.5% |
| Profit (loss) for the period before taxes9903 | €697 | -€1,248 | -€326 | -€2,296 | €1,976 | ▲ 186% |
| Income taxes67/77 | €186 | -€1 | - | - | - | - |
| Profit (loss) for the period9904 | €511 | -€1,247 | -€326 | -€2,296 | €1,976 | ▲ 186% |
| Profit (loss) for the period to be appropriated9905 | €511 | -€1,247 | -€326 | -€2,296 | €1,976 | ▲ 186% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €57,195 | €55,627 | €55,373 | €54,104 | €55,779 | ▲ 3.1% |
| Fixed assets21/28 | - | - | - | €618 | €1,176 | ▲ 90.3% |
| Tangible fixed assets22/27 | - | - | - | €618 | €1,176 | ▲ 90.3% |
| Furniture and vehicles24 | - | - | - | €618 | €1,176 | ▲ 90.3% |
| Current assets29/58 | €57,195 | €55,627 | €55,373 | €53,486 | €54,604 | ▲ 2.1% |
| Amounts receivable within one year40/41 | €18,964 | €23,185 | €29,369 | €32,972 | €39,248 | ▲ 19.0% |
| Trade receivables40 | - | €1,365 | €1,455 | €2,045 | €2,045 | = |
| Other amounts receivable41 | - | €21,820 | €27,914 | €30,928 | €37,203 | ▲ 20.3% |
| Cash at bank and in hand54/58 | €38,231 | €32,442 | €26,004 | €20,514 | €15,356 | ▼ 25.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €57,195 | €55,627 | €55,373 | €54,104 | €55,779 | ▲ 3.1% |
| Equity10/15 | €56,862 | €55,615 | €55,290 | €52,993 | €54,970 | ▲ 3.7% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €36,965 | €36,965 | €36,965 | €36,965 | €36,965 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €35,105 | €35,105 | €35,105 | €35,105 | = |
| Profit (loss) carried forward14 | €1,297 | €51 | -€275 | -€2,572 | -€595 | ▲ 76.9% |
| Amounts payable17/49 | €333 | €11 | €84 | €1,111 | €810 | ▼ 27.1% |
| Amounts payable within one year42/48 | €333 | €11 | €84 | €1,111 | €810 | ▼ 27.1% |
| Trade debts44 | - | €11 | €84 | €1,111 | €217 | ▼ 80.5% |
| Suppliers440/4 | - | €11 | €84 | €1,111 | €217 | ▼ 80.5% |
| Taxes, remuneration and social security45 | - | - | - | - | €593 | - |
| Taxes450/3 | - | - | - | - | €593 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €511 | -€1,247 | -€326 | -€2,296 | €1,976 | ▲ 186% |
| + Depreciation and write-downs630 | €637 | - | - | €126 | €248 | ▲ 96.3% |
| Operating cash flow (approximation) | €1,148 | -€1,247 | -€326 | -€2,170 | €2,224 | ▲ 203% |
| Investment in fixed assets (approximation) | - | - | - | - | -€806 | - |
| Change in cash | - | -€5,789 | -€6,437 | -€5,491 | -€5,158 | ▲ 6.1% |
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
2025
31-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 153 days late
2024
31-12
Financial
Back to profitnet €1,976
Net result €1,976 after 3 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 346 days late
2023
31-12
Financial
Weakest financial yearnet -€2,296
Net result drops to -€2,296, the lowest in the series; recovery starts the following year.
2022
27-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 119 days late
21-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 174 days late
2021
31-12
Financial
Liquidity times 29current ratio 4988.92
Current ratio from 171.75 to 4988.92; short-term debt falls from €333 to €11.
2020
31-12
Financial
Liquidity times 51current ratio 171.75
Current ratio from 3.40 to 171.75; short-term debt falls from €23,248 to €333.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Elsene · 1 establishment unit since 2017
Ground area
2,588 m²
Building footprint
2,463 m²
Volume, LiDAR
29,459 m³
Parcel 21446D0137/00N000, Brussels · tallest building 25.5 m, ±6 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
MD DEVELOPMENT & CONSULTING
since 20172.266.203.674
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21446D0137/00N000 | Brussels | 2,588 m² | 1 · 2,463 m² | 25.5 m · 6 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 82,642 companies in sector 70200 we hold annual accounts for 52,589. 38,561 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 (pre-2019)
Founded28-06-2017
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
47690Retail sale of other cultural and recreation goods
47791Retail sale of antiques
73110Advertising agencies
82990Other business support services
85520Cultural education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0677644374
Also
9925:BE0677644374
Registered
20-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.