MD FUN
Open bankruptcyChecked score
Score 2024
Axes · tick = 2022
Profitability0▼-3
Solvency9▼-72
Growth32▼-20
Stability0
Credit verdict
No credit on open account
Liquidity short (current ratio 0.42 against 1.14 in 2022), and 86.4% of the assets are financed with debt.
Signals
Three signals.
+raises risk○neutral
Financials · fiscal year 2024, micro schema
Turnover
€0
2018 · €0
2018: €0
2018 → 2022
Total assets
€9k▼ 47.5%
2022 · €17k
2018: €40k
2019: €38k
2020: €29k
2021: €35k
2022: €17k
2018 → 2024
Net result
€-3k
2022 · €62
2018: €3k
2019: €12k
2020: €3k
2021: €18k
2022: €62
2018 → 2024
Working capital
€-4k
2022 · €767
2018: €2k
2019: €3k
2020: €761
2021: €705
2022: €767
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222024Trend
Turnover€0
Equity€19k-€11k▼ 41.3%€11k▼ 0.5%€11k▲ 0.6%€1k▼ 89.3%
Operating result€14k-€-8k€18k€125▼ 99.3%€-3k
Net result€12k-€3k▼ 75.3%€18k▲ 494%€62▼ 99.7%€-3k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €3k after €125 in 2022.
Balance-sheet composition
2024 in colour, 2022 as the grey bar beneath
Assets €9k
Fixed assets
€6k▼ 46.2%
Current assets
€3k▼ 49.6%
Equity and liabilities €9k
Equity
€1k▼ 89.3%
Debt
€8k▲ 37.3%
The debt ratio rises from 33.1% to 86.4%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-3k
Cash flow
€-3k
Solvency
13.6%▼
2022 · 66.9%
Current ratio
0.42▼
2022 · 1.14
Quick ratio
0.42▼
2022 · 1.14
Debt / equity
6.37▲
2022 · 0.49
ROE
-275.4%▼
2022 · 0.6%
ROA
-37.4%▼
2022 · 0.4%
Interest coverage
-45.73
Debt
€8k▲
2022 · €5k
Debt ≤ 1 year
€8k▲
2022 · €5k
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 · 2024 against 2022
Balance sheet
Code20222024
Assets
Total assets20/58€17k€9k▼
Fixed assets21/28€10k€6k▼
Tangible fixed assets22/27€10k€6k▼
Furniture and vehicles24€4k-
Other tangible fixed assets26€6k€6k▼
Current assets29/58€6k€3k▼
Amounts receivable within one year40/41€3k€3k▼
Trade receivables40€0-
Other amounts receivable41€3k€3k▼
Cash at bank and in hand54/58€4k€513▼
Equity and liabilities
Total equity and liabilities10/49€17k€9k▼
Equity10/15€11k€1k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€3k€-7k▼
Amounts payable17/49€5k€8k▲
Amounts payable within one year42/48€5k€8k▲
Trade debts44€5k€5k▲
Suppliers440/4€5k€5k▲
Taxes, remuneration and social security45€0€1k▲
Taxes450/3€0€1k▲
Other amounts payable47/48€374€1k▲
Income statement
Code20222024
Turnover70€0-
Goods, raw materials, services and sundry goods60/61€0€2k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€209
Other operating charges640/8€369€1k▲
Gross operating margin9900€494€-2k▼
Operating profit (loss)9901€125€-3k▼
Financial charges65/66B€63€65▲
Recurring financial charges65€63€65▲
Profit (loss) for the period before taxes9903€62€-3k▼
Profit (loss) for the period9904€62€-3k▼
Profit (loss) for the period to be appropriated9905€62€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€3k€-7k▼
Profit (loss) brought forward from the previous period14P€3k€-4k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
27-08
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · MD FUN SRL RUE TROISFON- TAINES 64, 4670 BLEGNY · event 21-08-2026
09-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 252 days late
2024
31-12
Financial
Weakest financial yearnet €-3k ▼5320%
Net result drops to €-3k, the lowest in the series.
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-12
Financial
Highest result since 2018net €18k ▲494%
Operating result €18k, net result €18k, both a record.
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 6 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
SignalFinancial 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
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
02-06-2026
Resigned as Director
Not every act has been read: a resignation may be missing here
2 of this company's 2 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Blégny · 1 establishment unit since 2016
Ground area
3,769 m²
Building footprint
914 m²
Volume, LiDAR
6,379 m³
2 parcels, Wallonia · tallest building 28.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Champs de Tignée 6, 4671 Blégny
since 20162.252.255.569
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62010A0117/00F002 | Wallonia | 3,059 m² | 1 · 767 m² | 28.6 m · 1 fl. |
| 62103B0446/00L000 | Wallonia | 710 m² | 1 · 147 m² | 9.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PIERRE SCHMITS RUE LAOUREUX 42, 4800 VERVIERS- |
21-08-2026 → present |
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Of 13,821 companies in sector 56301 we hold annual accounts for 4,705. 1,167 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded25-03-2016
Fiscal year end31-12
Activities, NACEBEL
56301Cafés and bars
56302Nightclubs
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 07-09-2026. Scores and ratios are computed by Checked and are not a credit decision.