MD ECOCONCEPT
ActiveSummary
MD ECOCONCEPT has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14,349 and a net result of €6,349. Its solvency ranks better than 32% of 34,954 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 26-09-2024 Normal situation
- Registered office
- 217 active companies are registered at this address 68 started in the 12 months before. Source: KBO register, as of 4 November 2026.
- Activity
- General electrical installation work NACE 43211and 5 others
- Establishment unit
- 2.364.544.353 4710 Lontzen, since 01-10-2024
- Financial year end
- 31 December
- Peppol
- Reachable
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.4%
Annual accounts 2025
- Gross margin
- €9,143
- Turnover
- ≈ €75,000
- estimated
- Profit
- €6,349
- Equity
- €14,349
- Total assets
- €47,208
- Staff
- ≈ 0 FTE
- estimated
- 2025 accounts filed 6 days after the deadline
Score breakdownraises riskFounded in 2024Size: total assets €47,208Sector: Specialised construction activities (NACE 43)lowers riskLiquidity: current ratio 0.82, cash €10,320Show the evidence
Checked score
Score 2025
64
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 44% of micro companies in specialised construction (NACE 43)
Financial strength
Strong
Solvency
55
equity 30.4% of total assets
Liquidity
40
short-term debt 69.6% · cash 21.9%
Profitability
86
return on assets 13.4%
Bankruptcy probability within 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
10-2025: 1.9%
11-2025: 1.9%● unchanged vs 10-2025
12-2025: 1.9%● unchanged vs 11-2025
01-2026: 2.3%▲ +0.4 percentage points vs 12-2025
02-2026: 2.4%▲ +0.1 percentage points vs 01-2026
03-2026: 2.7%▲ +0.3 percentage points vs 02-2026
04-2026: 2.7%● unchanged vs 03-2026
05-2026: 3.0%▲ +0.3 percentage points vs 04-2026
06-2026: 3.0%● unchanged vs 05-2026
07-2026: 2.9%▼ -0.1 percentage points vs 06-2026
08-2026: 3.2%▲ +0.3 percentage points vs 07-2026highest value
09-2026: 1.3%▼ -1.9 percentage points vs 08-2026lowest value
10-2026: 1.4%▲ +0.1 percentage points vs 09-2026
11-2026: 1.4%● unchanged vs 10-2026
Credit of up to €500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.82, below 1. Short-term debt is 69.6% and cash 21.9% of total assets. 69.6% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 32% of them on solvency, 29% on liquidity and 70% on profitability.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 6 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2025
6 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 6 days after the deadline Filed on 6 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00393470.
Annual accounts 2025 filed on 06-08-2026 at the NBB
Turnover
≈ €75,000
Estimated: probably between €49,000 and €160,000
Total assets
€47,208
Net result
€6,349
Working capital
-€6,010
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
Assets €47,208
Fixed assets
€20,359
Current assets
€26,849
Equity and liabilities €47,208
Equity
€14,349
Debt
€32,860
Debt's share of the balance-sheet total is 69.6%.
Key figures and ratios
EBITDA
€8,571
Cash flow
€6,733
Current ratio
0.82
Debt to equity
2.29
ROE
44.2%
ROA
13.4%
Interest coverage
74.55
Debt ≤ 1 year
€32,860
Income taxes
€1,723
Staff costs
€572
Investments
| Item | 2025 |
|---|---|
| Tangible fixed assets | €20,743 |
| Depreciation and write-downs of the year | €384 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2025 |
|---|---|
| Remuneration, social security and pensions62 | €572 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €384 |
| Gross operating margin9900 | €9,143 |
| Operating profit (loss)9901 | €8,187 |
| Financial charges65/66B | €115 |
| Recurring financial charges65 | €115 |
| Profit (loss) for the period before taxes9903 | €8,072 |
| Income taxes67/77 | €1,723 |
| Profit (loss) for the period9904 | €6,349 |
| Profit (loss) for the period to be appropriated9905 | €6,349 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €47,208 | |
| Fixed assets21/28 | €20,359 | |
| Tangible fixed assets22/27 | €20,359 | |
| Land and buildings22 | €9,891 | |
| Plant, machinery and equipment23 | €10,469 | |
| Current assets29/58 | €26,849 | |
| Amounts receivable within one year40/41 | €16,529 | |
| Trade receivables40 | €8,434 | |
| Other amounts receivable41 | €8,095 | |
| Cash at bank and in hand54/58 | €10,320 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €47,208 | |
| Equity10/15 | €14,349 | |
| Contributions10/11 | €8,000 | |
| Profit (loss) carried forward14 | €6,349 | |
| Amounts payable17/49 | €32,860 | |
| Amounts payable within one year42/48 | €32,860 | |
| Trade debts44 | €27,578 | |
| Suppliers440/4 | €27,578 | |
| Taxes, remuneration and social security45 | €5,281 | |
| Taxes450/3 | €3,724 | |
| Remuneration and social security454/9 | €1,558 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €6,349 |
| + Depreciation and write-downs630 | €384 |
| Operating cash flow (approximation) | €6,733 |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as MD ECOCONCEPT has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.8%
was still going
2.3%
stopped otherwise
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MD ECOCONCEPT itself: 1.4% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for MD ECOCONCEPT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 06-08-2026 | 2026-00393470 |
Board & ownership
Directors
Directors
1 director, no change since 2026
DEPREM Mahmut
Current
Director · since 25-09-2024 · term without a fixed end · listed in the 2025 annual accounts, filed on 06-08-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 30-09-2024Owners and capital
Shareholders
At incorporation
act of 30-09-2024 ↗
- DEPREM Mahmut 100 shares (100%) · €8,000 in cash
Capital transactions
Capital over time
- 30-09-2024 Incorporation · €8,000 · 100 shares
Mandate history
2 people, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| DEPREM Mahmut |
|
| GEYIK HASAN |
|
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Bestuursbevoegdheid, Het collegiaal bestuursorgaan kan bijzondere machten toekennen aan elke mandataris.”“Vergoeding van de bestuurders, De algemene vergadering beslist of het mandaat van de bestuurder al dan niet ten kosteloze titel wordt…”“Het bestuursorgaan bepaalt of zij alleen, dan wel gezamenlijk optreden., dagelijks bestuur”
Capital, shares and profit
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Op naam, De aandeelhouders mogen kennis nemen van dit register betreffende hun effecten.”
Audit, dissolution and liquidation
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Auditor ruleThe articles set how a statutory auditor is appointed and what they check.
- “Benoemd voor een hernieuwbare termijn van drie jaar, controle van de vennootschap”
Articles of association, deed of 30-09-2024 (in Dutch)
Network & group
MD ECOCONCEPT shares no director with another company.
Companies at the same address
216 other companies- KALAI Registered office · since 2026 1044503423
- DESIGN INTERIEUR PRO Registered office · since 2026 1044213512
- EMR Construction Registered office · since 2026 1043675953
- GTI Construction & Rénovation Registered office · since 2026 1043674468
- SOOK Registered office · since 2026 1042791570
- LES TOITURIERS Registered office · since 2026 1042454743
- KYN Services Registered office · since 2026 1042291427
- VALZAR Registered office · since 2026 1042287863
- Pieter Ruymen Registered office · since 2026 1043862728
- FREDERIC TOITURE Registered office · since 2026 1041878483
Connections & network
1 current directorThe network starts from the directors of MD ECOCONCEPT. Every other company they run is a node.
This company
Company
Director
Shareholding
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Timeline
Acts, filings and financial milestones
2026
06-08
micro format · 6 days late
22-05
Gazette deed
Resignation: GEYIK HASAN (director)2 points ▸
Gazette deed
Resignation: GEYIK HASAN (director)
2 points ▸
- General meeting, 31-03-2026
- Director resignation, GEYIK HASAN (director)
2025
24-01
Gazette deed
Appointment: GEYIK HASAN (director)2 points ▸
Gazette deed
Appointment: GEYIK HASAN (director)
2 points ▸
- General meeting, 02-01-2025
- Director appointment, GEYIK HASAN (director)
2024
30-09
Gazette deed
IncorporationStarting capital €8,000 · Appointment: DEPREM Mahmut (director) · Bank account11 points ▸
Gazette deed
Incorporation
Starting capital €8,000 · Appointment: DEPREM Mahmut (director) · Bank account11 points ▸
- Incorporation, 25-09-2024
- Founding capital, €8,000
- Bank account, “CBC, BE07 7320 7764 0366” (deed in Dutch)
- Registered office clause, “Leuvensestraat”, 131/2, “3300 Tienen” (deed in Dutch)
- Director appointment, DEPREM Mahmut (director)
- Power of attorney, DEPREM Mahmut
- Other provision, “appearance and identity, 4710 Lontzen, Rue Mitoyenne 238/B2” (deed in Dutch)
- Other provision, “capacity and competence, faillissement, collectieve schuldenregeling, aanstelling bewindvoerder” (deed in Dutch)
- Other provision, “reading of the deed, volledige voorlezing gekregen van al hetgeen voorafgaat” (deed in Dutch)
- Other provision, “founder status, samen ten minste één derde van de aandelen bezitten” (deed in Dutch)
- Other provision, “financial plan and liability, indien het aanvangsvermogen kennelijk ontoereikend is voor de voorgenomen activiteit” (deed in Dutch)
Gazette deedNBB filing
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
MD ECOCONCEPT in Dutch
Enterprise number
1014.152.222
Legal form
Private limited company
Status
Active, normale toestand
Founded
26-09-2024
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 30-09-2024 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaamse Gewest, bij enkel besluit van het bestuursorgaan”
deed of 30-09-2024 (in Dutch)Registered office and establishments
Registered office
Leuvensestraat 131, 3300 Tienen, Belgium
Establishment unit
MD ECOCONCEPT, Rue Mitoyenne 238, 4710 Lontzen since 01-10-2024 · unit number 2.364.544.353
Activities
NACEBEL 202543211
General electrical installation work main activity
41001
General construction of residential buildings
41002
General construction of office buildings
41003
General construction of other non-residential buildings
43222
Installation of electric heating, air conditioning, cooling and ventilation
43410
Roofing work
Codes under NACEBEL 2008
43211
Specialised construction activities main activity
41201
General construction of buildings
41202
Construction of residential and non-residential buildings
41203
Construction of residential and non-residential buildings
43222
Specialised construction activities
43910
Specialised construction activities
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 30-09-2024 (in Dutch)
“Schoonmaakwerkzaamheden, waaronder het schoonmaken van het interieur van alle soorten gebouwen, het schoonmaken van het exterieur van…”
27 activities
- Schoonmaakwerkzaamheden, waaronder het schoonmaken van het interieur van alle soorten gebouwen, het schoonmaken van het exterieur van gebouwen, gespecialiseerd schoonmaken van gebouwen en andere gespecialiseerde schoonmaakwerkzaamheden, schoonmaken van industriële machines, schoonmaken van het interieur van weg- en zeetanks, desinfectie en ongediertebestrijding in gebouwen en industriële installaties, schoonmaken van flessen, vegen van trottoirs, sneeuw- en ijsruimen
- Deze activiteiten omvatten het reinigen van de buitenkant van alle soorten gebouwen, waaronder kantoren, fabrieken, winkels, institutionele gebouwen, andere commerciële en bedrijfsruimten en flatgebouwen, gespecialiseerde schoonmaakwerkzaamheden voor gebouwen, zoals glazenwassen, schoorsteenvegen en schoonmaken van haarden, ovens, verbrandingsovens, boilers, ventilatiekanalen en rookafvoersystemen, schoonmaken van industriële machines, andere activiteiten in verband met het schoonmaken van gebouwen en industriële reiniging, hoewel het schoonmaken van bijbehorende buitenruimten zoals ramen of gangen hieronder kan vallen
- Schoonmaken van gebouwen, al dan niet industrieel, met inbegrip van het schoonmaken van het exterieur en interieur van alle soorten gebouwen
- Schoonmaken van gebouwen, al dan niet industrieel, met inbegrip van het schoonmaken van het exterieur en interieur van alle soorten gebouwen
- Installatie van industriële machines en uitrusting, waaronder met name de installatie van oplaadstations voor elektrische voertuigen
- Verhuur van alle soorten materieel en machines, containers, steigers; alle soorten diensten, reparatie van huishoudelijke apparaten; aan- en verkoop van alle soorten brandstoffen, groot- en kleinhandel, zowel vloeibaar als gasvormig; alle soorten activiteiten op het gebied van hernieuwbare energie; groot- en kleinhandel in doe-het-zelfmateriaal en –apparatuur
- Algemeen bouwbedrijf (residentieel of openbaar), alle met de bouw verband houdende werkzaamheden en alle technische verrichtingen in verband met de bouw, de renovatie en de afwerking van onroerend goed, voor de particuliere of de openbare sector, van al dan niet voor bewoning bestemde gebouwen, alsmede andere gespecialiseerde bouwwerkzaamheden, waaronder met name: metsel- en voegwerk; isolatiewerkzaamheden, met inbegrip van het aanbrengen in gebouwen of andere bouwwerken van isolatiemateriaal voor warmte, geluid en trillingen enz. isolatiewerkzaamheden, waaronder het aanbrengen in gebouwen of andere bouwwerken van isolatiemateriaal voor warmte, geluid en trillingen enz.; afdichting van muren; dakbedekking; optrekken van verplaatsbare scheidingswanden, wandbekleding, plafonds enz. timmerwerk; installatie van elektrische systemen in gebouwen en allerlei civieltechnische werken, elektrische installatie in gebouwen; loodgieterswerk, met inbegrip van de installatie van sanitair, gasleidingen enz.; installatie van verwarming, ventilatie en airconditioning; schilderen van gebouwen, met inbegrip van het schilderen van het binnen- en buitenwerk van gebouwen, schilderen van gevels enz. sloopwerkzaamheden, waaronder het slopen van gebouwen en andere constructies ; enz.
- De installatie van elektrische netwerken, bekabeling en verdeelborden
- De installatie en het onderhoud van verlichtingsinstallaties, elektrische verwarmingssystemen en huishoudelijke apparaten
- De installatie van beveiligingssystemen, camerabewaking en brandalarmsystemen
- De conformiteitscontrole van elektrische installaties volgens de geldende normen
- Advies en ontwerp van oplossingen voor energie-efficiëntie (domotica, hernieuwbare energie, enz.)
- De activiteiten van bouw in het algemeen, renovatie van gebouwen, metselwerk, elektriciteit, sanitair/verwarming, stukadoorswerk, dakbedekking/bekleding, installatie van fotovoltaïsche panelen, installatie van zonnepanelen, installatie van warmtepompen, elektrische aansluitingen, Schilderen van gebouwen, gevelrenovatie, binnen en buiteninrichting van particuliere woningen en professionele gebouwen, interieurdecoratie, particuliere en industriële reiniging, openbare werken, grondwerken, parken, tuinen en snoeiwerk, dak werken in het algemeen
- Ruwbouw, grondwerken, ontwatering, sloop
- Bouwwerkzaamheden en ontwikkeling van de openbare ruimte
- Metselwerk, het leggen van funderingen, het ijzerwerk van gebouwen, metaalbouw, algemeen schrijnwerk, binnen en buiten, in metaal en kunststof, ruwbouw, algemene loodgieterij, afbraakwerken, schilderwerken, het bouwen, herstellen, verbouwen, renoveren, voltooien, afwerken, en onderhouden van alle onroerende en roerende goederen
- Het plaatsen en wegnemen van een steiger en een werkplatform
- Het schoonmaken, het onderhouden, het desinfecteren van huizen en professionele lokalen, al dan niet bemeubeld
- Alle werken voor het reinigen van gevels, via eik soort procedé
- Alle voegwerken
- Alle isoleringswerken
- Het installeren, plaatsen, onderhouden van elk verwarmings-, klimatiseren-, en ventilatiesysteem
- De aankoop en verkoop van deze systemen en wisselstukken
- Alle chapewerken, plafonneringen, bepleisteringen
- Alle tegelwerken, het plaatsen van alle soorten bekleding, (hout, kamerbreed tapijt, en linoleum met inbegrip van caoutchouc of kunststof)
- Alle glaswerken, en binnen- en buitenschilderwerken
- Algemene bouw van residentiële gebouwen (code nace 420102)
Invoicing and payment
VAT number
BE 1014.152.222
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 1014.152.222
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Friday of June at 16:00
deed of 30-09-2024 (in Dutch)Meeting accessThe articles set who may attend the meeting and what is needed to be admitted.
“Toegang tot de algemene vergadering, indien enkel de stemrechten geschorst zijn, mag hij nog steeds deelnemen aan de algemene vergadering…”
deed of 30-09-2024 (in Dutch)Sites & property
Location
Buildings and parcels at the address
Ground area
401 m²
Building footprint
375 m²
Building volume
2,110 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24593G0715/00A000 | Flanders | 401 m² | 1 · 375 m² | 11.8 m · 2 |