MD MANAGEMENT
InactiveMD MANAGEMENT was declared bankrupt on 10-11-2022 (Ondernemingsrechtbank Leuven); the bankruptcy was closed for insufficient assets by judgment of 21-12-2023, published in the Belgian State Gazette on 05-01-2024.
No longer registered with the KBO; last annual accounts for fiscal year 2021.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline22-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 29-08-2022, 29 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
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
29 d late
2020
55 d late
2019
25 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€-20k▲ 30.6%
2020 · €-29k
2018: €-29k
2019: €-29k
2020: €-29k
2018 → 2021
Total assets
€3k▲ 92.0%
2020 · €1k
2018: €2k
2019: €1k
2020: €1k
2018 → 2021
Net result
€-2k
2020 · €10k
2018: €-755
2019: €-883
2020: €10k
2018 → 2021
Working capital
€-20k▲ 30.3%
2020 · €-29k
2018: €-29k
2019: €-29k
2020: €-29k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€-29k-€-29k▼ 2.0%€-29k=€-20k▲ 30.6%
Operating result€-637-€-738▼ 15.8%€11k€-1k
Net result€-755-€-883▼ 17.0%€10k€-2k
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 2021: a loss of €1k after €11k in 2020, the lowest result in the available series.
Key figures and ratios
Debt
€23k▼
2020 · €30k
Debt ≤ 1 year
€23k▼
2020 · €30k
Income taxes
€-12▼
2020 · €12
Ratios withheld: a balance sheet total of €3k is too small for a meaningful ratio.
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 · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€1k€3k▲
Formation expenses20€0-
Intangible fixed assets21€0-
Financial fixed assets28€0-
Current assets29/58€1k€3k▲
Stocks and contracts in progress3€0-
Amounts receivable within one year40/41€1k€3k▲
Trade receivables40-€2k
Other amounts receivable41-€464
Current investments50/53€0-
Cash at bank and in hand54/58€7€22▲
Equity and liabilities
Total equity and liabilities10/49€1k€3k▲
Equity10/15€-29k€-20k▲
Contributions10/11-€12k
Reserves13€2k€2k=
Non-distributable reserves130/1-€822
Reserves not available under the articles1311-€822
Tax-exempt reserves132-€1k
Profit (loss) carried forward14€-43k€-34k▲
Amounts payable17/49€30k€23k▼
Amounts payable within one year42/48€30k€23k▼
Other amounts payable47/48-€23k
Income statement
Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0-
Other operating charges640/8-€348
Gross operating margin9900€11k€-1k▼
Operating profit (loss)9901€11k€-1k▼
Recurring financial income75€0-
Financial charges65/66B-€157
Recurring financial charges65€157€157▲
Profit (loss) for the period before taxes9903€10k€-2k▼
Income taxes67/77€12€-12▼
Profit (loss) for the period9904€10k€-2k▼
Profit (loss) for the period to be appropriated9905€10k€-2k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-34k
Profit (loss) brought forward from the previous period14P-€-33k
Return on contributions (dividend)694€0-
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
05-01
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Leuven · ALMARAN BV WINGERSTRAAT 69, 3390 TIELT-WINGE · event 21-12-2023
2022
18-11
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · ALMARAN BV WINGER- STRAAT 69, 3390 TIELT-WINGE · event 10-11-2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Weakest financial yearnet €-2k ▼115%
Net result drops to €-2k, the lowest in the series.
24-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 55 days late
2020
31-12
Financial
Back to profitnet €10k
Net result €10k after 2 loss-making years.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 37 days late
2016
06-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
22-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
13-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 13 days late
2013
29-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 29 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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
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.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | WIM BOLLEN STEENWEG OP ST-JORIS-WINGE 21,
3200 AARSCHOT |
10-11-2022 → present |
| Curator | THOMAS
VANDENDRIES STEENWEG OP ST-JORIS-WINGE 21,
3200 AARSCHOT |
10-11-2022 → present |