MD-Elec
ActiveMD-Elec has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €210k and a net result of €18k. Equity is growing by ~64.6% per year across the filed fiscal years. Its solvency ranks better than 63% of 389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▼-23
Solvency91▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 2.72 against 2.82 in 2024; short-term debt: 33.6% and cash: 32.5% of total assets), and 33.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
66.4%
Return on assets
5.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
23 d late
2022
24 d late
2021
31 d late
2020
61 d late
2019
98 d late
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€0
EBIT margin
Not included in this filing
Net result
€18k▼ 72.6%
2024 · €67k
2018: €-24k
2019: €-9k
2020: €-2k
2021: €7k
2022: €111k
2023: €28k
2024: €67k
2018 → 2025
Working capital
€183k▲ 17.8%
2024 · €155k
2018: €-11k
2019: €-16k
2020: €-20k
2021: €-13k
2022: €82k
2023: €93k
2024: €155k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-16k-€96k€124k▲ 29.7%€191k▲ 54.2%€210k▲ 9.6%
Operating result€13k-€149k▲ 1,052%€43k▼ 71.4%€96k▲ 125%€33k▼ 65.5%
Net result€7k-€111k▲ 1,549%€28k▼ 74.5%€67k▲ 137%€18k▼ 72.6%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 66% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €316k
Fixed assets
€27k▼ 25.6%
Current assets
€289k▲ 20.1%
Equity and liabilities €316k
Equity
€210k▲ 9.6%
Debt
€106k▲ 24.3%
The debt ratio rises from 30.9% to 33.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€47k▼
2024 · €108k
Cash flow
€33k▼
2024 · €80k
Solvency
66.4%▼
2024 · 69.1%
Current ratio
2.72▼
2024 · 2.82
Quick ratio
2.06▼
2024 · 2.55
Debt / equity
0.51▲
2024 · 0.45
ROE
8.8%▼
2024 · 35.2%
ROA
5.8%▼
2024 · 24.3%
Interest coverage
51.73▼
2024 · 69.14
Debt
€106k▲
2024 · €85k
Debt ≤ 1 year
€106k▲
2024 · €85k
Income taxes
€15k▼
2024 · €27k
Staff costs
€149k▼
2024 · €160k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€277k€316k▲
Fixed assets21/28€36k€27k▼
Tangible fixed assets22/27€34k€22k▼
Plant, machinery and equipment23€2k€2k▲
Furniture and vehicles24€32k€20k▼
Financial fixed assets28€2k€5k▲
Current assets29/58€241k€289k▲
Stocks and contracts in progress3€23k€70k▲
Stocks30/36€23k€70k▲
Amounts receivable within one year40/41€80k€114k▲
Trade receivables40€62k€89k▲
Other amounts receivable41€18k€25k▲
Cash at bank and in hand54/58€137k€103k▼
Deferred charges and accrued income490/1€1k€3k▲
Equity and liabilities
Total equity and liabilities10/49€277k€316k▲
Equity10/15€191k€210k▲
Contributions10/11€19k€19k=
Outside capital11€19k-
Share premium1100/10€19k-
Reserves13€2k€20k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133-€18k
Profit (loss) carried forward14€171k€171k▲
Amounts payable17/49€85k€106k▲
Amounts payable within one year42/48€85k€106k▲
Current portion of amounts payable after more than one year42€2k€2k▲
Trade debts44€42k€62k▲
Suppliers440/4€42k€62k▲
Advances received on contracts in progress46€2k-
Taxes, remuneration and social security45€18k€23k▲
Taxes450/3€3k€3k▼
Remuneration and social security454/9€15k€20k▲
Other amounts payable47/48€23k€19k▼
Income statement
Code20242025
Remuneration, social security and pensions62€160k€149k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€14k▲
Other operating charges640/8€3k€5k▲
Gross operating margin9900€271k€201k▼
Operating profit (loss)9901€96k€33k▼
Financial income75/76B€266€1k▲
Recurring financial income75€266€1k▲
Financial charges65/66B€2k€914▼
Recurring financial charges65€2k€914▼
Profit (loss) for the period before taxes9903€94k€33k▼
Income taxes67/77€27k€15k▼
Profit (loss) for the period9904€67k€18k▼
Profit (loss) for the period to be appropriated9905€67k€18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€171k€189k▲
Profit (loss) brought forward from the previous period14P€104k€171k▲
Transfer to equity691/2-€18k
To other reserves6921-€18k
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
19-08
State Gazette act
Registered officeGeneral meeting · Registered-office move2 facts ▸
State Gazette act
Registered office
General meeting · Registered-office move2 facts ▸
- General meeting, 2026-08-10
- Registered-office move, Chaussée de Charleroi 8A, 5140 Sombreffe
2025
31-12
Financial
Equity above €200kEq €210k ▲9.6%
5 profitable years in a row build equity to €210k.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Equity above €150kEq €191k ▲54.2%
4 profitable years in a row build equity to €191k.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
31-12
Financial
Equity above €100kEq €124k ▲29.7%
3 profitable years in a row build equity to €124k.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 24 days late
2022
31-12
Financial
Highest result since 2018net €111k ▲1549%
Operating result €149k, net result €111k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Back to profitnet €7k
Net result €7k after 3 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 61 days late
2020
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 98 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sombreffe · 1 establishment unit since 2003
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Chaussée de Charleroi, Tong. 85140 SombreffeGround area
121 m²
Building footprint
140 m²
Volume, LiDAR
1,284 m³
Parcel 92126C0256/00S000, Wallonia · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MD-Elec
since 20032.133.316.347
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92126C0256/00S000 | Wallonia | 121 m² | 1 · 140 m² | 10.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
2 categoriesMD-Elec SRL33635
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Of 136 companies in sector 28410 we hold annual accounts for 107. 75 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-09-2003
Fiscal year end31-12
Activities, NACEBEL
28410Manufacture of machinery and equipment not elsewhere classified
29420
43211General electrical installation work
27200Manufacture of electrical equipment
27900Manufacture of electrical equipment
29310Manufacture of motor vehicles, trailers and semi-trailers
31400
31610
31623
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.