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MD Heating & Solutions

Active
Private limited companyfounded 20242 yrs activeHoogstraat 30, 3600 Genk, BelgiumKBO/BCE: BE 1005.081.930
Summary

The computed 12-month bankruptcy probability of MD Heating & Solutions is 2.3% (moderate). The 2025 annual accounts show equity of €15,489 and a net result of €15,439. Its solvency ranks better than 29% of 28374 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability100
Solvency53
Growth-
Track record67
Bankruptcy probability, 12 months
2.3% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 1.71; short-term debt: 58.6% and cash: 0.8% of total assets), but 72.3% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
27.7%
Return on assets
27.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-06-2026, 52 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
52 d early
← before the deadline after the deadline →
Checked, nothing found (1)
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 Heating & Solutions was incorporated on 23 January 2024 as a Private limited company.1 The company has filed annual accounts once, 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
€15,489
Total assets
€55,841
Net result
€15,439
Working capital
€23,106

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Equity and liabilities €55,841
Equity €15,489
Debt €40,352
Debt finances 72.3% of the balance-sheet total.
Key figures and ratios
2025 value
Current ratio
1.71
Debt to equity
2.61
ROE
99.7%
ROA
27.6%
Debt ≤ 1 year
€32,734
Debt > 1 year
€7,618
Income taxes
€3,932

Peer companies

Historical observation

Of the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
3.6% went bankrupt
1.8% stopped otherwise
94% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.3% 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 7,976 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 · 35 lines
Balance sheet Code2025
Assets
Total assets20/58€55,841
Current assets29/58€55,841
Amounts receivable within one year40/41€55,255
Trade receivables40€16,351
Other amounts receivable41€38,904
Cash at bank and in hand54/58€436
Deferred charges and accrued income490/1€150
Equity and liabilities
Total equity and liabilities10/49€55,841
Equity10/15€15,489
Contributions10/11€50
Reserves13€15,439
Distributable reserves133€15,439
Amounts payable17/49€40,352
Amounts payable after more than one year17€7,618
Financial debts170/4€7,618
Amounts payable within one year42/48€32,734
Current portion of amounts payable after more than one year42€2,931
Trade debts44€23,402
Suppliers440/4€23,402
Taxes, remuneration and social security45€6,402
Taxes450/3€6,402
Income statement Code2025
Other operating charges640/8€269
Gross operating margin9900€20,886
Operating profit (loss)9901€20,618
Financial income75/76B€738
Recurring financial income75€738
Financial charges65/66B€1,985
Recurring financial charges65€1,985
Profit (loss) for the period before taxes9903€19,371
Income taxes67/77€3,932
Profit (loss) for the period9904€15,439
Profit (loss) for the period to be appropriated9905€15,439
Appropriation of the result
Profit (loss) to be appropriated9906€15,439
Transfer to equity691/2€15,439
To other reserves6921€15,439

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

Line2025
Other operating charges640/8€269
Gross operating margin9900€20,886
Operating profit (loss)9901€20,618
Financial income75/76B€738
Recurring financial income75€738
Financial charges65/66B€1,985
Recurring financial charges65€1,985
Profit (loss) for the period before taxes9903€19,371
Income taxes67/77€3,932
Profit (loss) for the period9904€15,439
Profit (loss) for the period to be appropriated9905€15,439
Line2025
Assets
Total assets20/58€55,841
Current assets29/58€55,841
Amounts receivable within one year40/41€55,255
Trade receivables40€16,351
Other amounts receivable41€38,904
Cash at bank and in hand54/58€436
Deferred charges and accrued income490/1€150
Equity and liabilities
Total equity and liabilities10/49€55,841
Equity10/15€15,489
Contributions10/11€50
Reserves13€15,439
Distributable reserves133€15,439
Amounts payable17/49€40,352
Amounts payable after more than one year17€7,618
Financial debts170/4€7,618
Amounts payable within one year42/48€32,734
Current portion of amounts payable after more than one year42€2,931
Trade debts44€23,402
Suppliers440/4€23,402
Taxes, remuneration and social security45€6,402
Taxes450/3€6,402
Line2025
Profit (loss) for the period9904€15,439
Operating cash flow (approximation)€15,439

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

2026
09-06
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
NBB filing
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
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Genk · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
77 m²
Building footprint
77 m²
Volume, LiDAR
519 m³
Parcel 71305F0678/00F000, Flanders · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MD Heating & Solutions
Hoogstraat 30, 3600 GenkManufacture of electrical equipment
since 20242.355.125.752
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71305F0678/00F000 Flanders 77 m² 1 · 77 m² 10.6 m · 3 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 9,531 companies in this sector we hold annual accounts for 5,665. 3,178 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded23-01-2024
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
E-invoicing
Reachable via Peppol
Peppol ID 0208:1005081930
Also 9925:BE1005081930
Registered 12-03-2024

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.