MD MOVERS
Open bankruptcyFinancials · financial year 2024, micro format
Annual accounts 2024 filed on 11-07-2025 PDF all 6 filings
Turnover
€230,387▼ 7.6%
2021 · €249,402
EBIT margin
-2.5%▼ 6.1pp
2021 · 3.6%
Net result
-€10,107
2023 · €2,423
Working capital
-€7,901
2023 · €2,206
Multi-year overview
2019 to 2024, 6 financial yearsTurnover
no figure
2024
20192024
Operating result
-€9,105
2024
20192024
Net result
-€10,107
2024
lowest quarter of the sector
20192024
EBIT margin
no figure
2024
20192024
Equity
-€7,901
2024
lowest quarter of the sector
20192024
Total assets
€51,191
▼ 13.0%
2024
middle half of the sector
20192024
Debt
€59,092
▲ 4.4%
2024
20192024
Working capital
-€7,901
2024
middle half of the sector
20192024
Solvency
-15.4%
▼ 19.2pp
2024
lowest quarter of the sector
20192024
Current ratio
0.87
▼ 0.17
2024
middle half of the sector
20192024
Return on assets (ROA)
-19.7%
▼ 23.9pp
2024
lowest quarter of the sector
20192024
Staff (FTE)
2.1
▼ 30.0%
2024
20192024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202021202220232024
Turnover€175,922-€249,402€230,387▼ 7.6%
Operating result€21,776--€9,997€9,084-€5,703€3,001-€9,105
Net result€16,017--€20,299below the sector's middle half-€1,153below the sector's middle half▲ 94.3%-€981within the sector's middle half▲ 14.9%€2,423within the sector's middle half-€10,107below the sector's middle half
EBIT margin12.4%-3.6%-2.5%▼ 6.1pp
Equity€22,217-€1,918below the sector's middle half▼ 91.4%€764below the sector's middle half▼ 60.2%-€217below the sector's middle half€2,206below the sector's middle half-€7,901below the sector's middle half
Total assets€72,774-€74,147within the sector's middle half▲ 1.9%€47,398within the sector's middle half▼ 36.1%€43,347below the sector's middle half▼ 8.5%€58,826within the sector's middle half▲ 35.7%€51,191within the sector's middle half▼ 13.0%
Debt€50,557-€72,229▲ 42.9%€46,634▼ 35.4%€43,565▼ 6.6%€56,620▲ 30.0%€59,092▲ 4.4%
Working capital€22,217-€1,918within the sector's middle half▼ 91.4%€764within the sector's middle half▼ 60.2%-€217within the sector's middle half€2,206within the sector's middle half-€7,901within the sector's middle half
Solvency30.5%-2.6%below the sector's middle half▼ 27.9pp1.6%below the sector's middle half▼ 1.0pp-0.5%below the sector's middle half▼ 2.1pp3.7%below the sector's middle half▲ 4.3pp-15.4%below the sector's middle half▼ 19.2pp
Current ratio1.44-1.03within the sector's middle half▼ 0.411.02within the sector's middle half▼ 0.011.00within the sector's middle half▼ 0.021.04within the sector's middle half▲ 0.040.87within the sector's middle half▼ 0.17
Return on assets (ROA)22.0%--27.4%below the sector's middle half▼ 49.4pp-2.4%below the sector's middle half▲ 24.9pp-2.3%below the sector's middle half▲ 0.2pp4.1%within the sector's middle half▲ 6.4pp-19.7%below the sector's middle half▼ 23.9pp
Staff (FTE)1-32.1▼ 30.0%
above
within
below
The sector band is the middle half of the companies in Land transport and transport via pipelines (NACE 49). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2024 is a loss of €9,105, after a profit of €3,001 in 2023.
Key figures and ratios
Debt ≤ 1 year
€59,092▲
2023 · €56,620
Staff costs
€82,868▼
2023 · €91,500
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2023 | 31-12-2024 |
|---|---|---|
| Average over the year, in full-time equivalents | 3 | 2 |
| On a permanent contract | 3 | 3 |
| Joined | 0 | 1 |
| Left | 1 | 0 |
Source: social balance sheet in the 2023 to 2024 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Intangible fixed assets | - | - | €870 | - |
| Depreciation and write-downs of the year | - | - | €870 | - |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Turnover70 | €175,922 | - | €249,402 | €230,387 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €178,398 | €153,943 | - | - | - |
| Remuneration, social security and pensions62 | - | - | €61,865 | €81,799 | €91,500 | €82,868 | ▼ 9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €870 | - | - |
| Other operating charges640/8 | - | - | €55 | €348 | €1,029 | €727 | ▼ 29.4% |
| Gross operating margin9900 | €60,413 | €83,412 | €71,004 | €76,443 | €96,401 | €74,490 | ▼ 22.7% |
| Operating profit (loss)9901 | €21,776 | -€9,997 | €9,084 | -€5,703 | €3,001 | -€9,105 | - |
| Financial income75/76B | - | - | - | - | €8 | - | - |
| Recurring financial income75 | - | - | - | - | €8 | - | - |
| Financial charges65/66B | - | - | €237 | €278 | €585 | €1,002 | ▲ 71.2% |
| Recurring financial charges65 | €59 | €302 | €237 | €278 | €585 | €1,002 | ▲ 71.2% |
| Profit (loss) for the period before taxes9903 | €21,717 | -€10,299 | €8,847 | -€5,981 | €2,423 | -€10,107 | - |
| Income taxes67/77 | €5,700 | €10,000 | €10,000 | -€5,000 | - | - | - |
| Profit (loss) for the period9904 | €16,017 | -€20,299 | -€1,153 | -€981 | €2,423 | -€10,107 | - |
| Profit (loss) for the period to be appropriated9905 | €16,017 | -€20,299 | -€1,153 | -€981 | €2,423 | -€10,107 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €72,774 | €74,147 | €47,398 | €43,347 | €58,826 | €51,191 | ▼ 13.0% |
| Current assets29/58 | €72,774 | €74,147 | €47,398 | €43,347 | €58,826 | €51,191 | ▼ 13.0% |
| Amounts receivable within one year40/41 | €62,131 | €26,767 | €27,290 | €22,742 | €35,305 | €21,469 | ▼ 39.2% |
| Trade receivables40 | - | - | €27,290 | €22,742 | €20,305 | €21,469 | ▲ 5.7% |
| Other amounts receivable41 | - | - | - | - | €15,000 | - | - |
| Cash at bank and in hand54/58 | €10,643 | €47,380 | €20,108 | €20,605 | €23,520 | €27,863 | ▲ 18.5% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €1,859 | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €72,774 | €74,147 | €47,398 | €43,347 | €58,826 | €51,191 | ▼ 13.0% |
| Equity10/15 | €22,217 | €1,918 | €764 | -€217 | €2,206 | -€7,901 | - |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | - | €6,200 | €6,200 | - | - | - |
| Issued capital100 | - | - | €18,600 | €18,600 | - | - | - |
| Uncalled capital101 | - | - | €12,400 | €12,400 | - | - | - |
| Contributions outside capital11 | - | - | - | - | €6,200 | - | - |
| Other1109/19 | - | - | - | - | €6,200 | - | - |
| Reserves13 | €801 | €801 | €801 | €801 | €801 | €801 | = |
| Non-distributable reserves130/1 | - | - | €801 | €801 | €801 | €801 | = |
| Legal reserve130 | - | - | €801 | €801 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €801 | €801 | = |
| Profit (loss) carried forward14 | €15,216 | -€5,083 | -€6,237 | -€7,218 | -€4,795 | -€14,902 | ▼ 211% |
| Amounts payable17/49 | €50,557 | €72,229 | €46,634 | €43,565 | €56,620 | €59,092 | ▲ 4.4% |
| Amounts payable within one year42/48 | €50,557 | €72,229 | €46,634 | €43,565 | €56,620 | €59,092 | ▲ 4.4% |
| Current portion of amounts payable after more than one year42 | - | - | €7,105 | €13,044 | €12,570 | €7,005 | ▼ 44.3% |
| Trade debts44 | €18,001 | €8,178 | €12,605 | €9,609 | €9,248 | €8,759 | ▼ 5.3% |
| Suppliers440/4 | - | - | €12,605 | €9,609 | €9,248 | €8,759 | ▼ 5.3% |
| Taxes, remuneration and social security45 | - | - | €13,890 | €18,377 | €18,035 | €25,111 | ▲ 39.2% |
| Taxes450/3 | - | - | €8,309 | €5,388 | €4,011 | €7,760 | ▲ 93.5% |
| Remuneration and social security454/9 | - | - | €5,581 | €12,990 | €14,024 | €17,351 | ▲ 23.7% |
| Other amounts payable47/48 | - | - | €13,034 | €2,534 | €16,766 | €18,217 | ▲ 8.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,017 | -€20,299 | -€1,153 | -€981 | €2,423 | -€10,107 | - |
| + Depreciation and write-downs630 | - | - | - | - | €870 | - | - |
| Operating cash flow (approximation) | €16,017 | -€20,299 | -€1,153 | -€981 | €3,294 | -€10,107 | - |
| Change in cash | - | €36,737 | -€27,272 | €497 | €2,915 | €4,342 | ▲ 49.0% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 11-07-2025 | 2025-00257639 | |
| 31-12-2023 | micro format | 19-06-2024 | 2024-00151793 | |
| 31-12-2022 | micro format | 30-06-2023 | 2023-00182964 | |
| 31-12-2021 | micro format | 17-08-2022 | 2022-20295152 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-55700271 | |
| 31-12-2019 | micro format | 16-10-2020 | 2020-61900161 |