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MD MOVERS

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Private limited companyfounded 2019Rue des Ponts 23, 1480 Tubize, BelgiumKBO/BCE: BE 0721.406.915
MD MOVERSOpen bankruptcy

Financials · 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
Trend over the years

2020 to 2024, 5 financial years 2019 to 2024, 6 financial years

The operating result for 2024 is a loss of €9,105, after a profit of €3,001 in 2023.

Turnover€230,387 2022 Operating result-€9,105 2024 Net result-€10,107 2024

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

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.
Key figures and ratios
2024 value · change against 2023
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.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 39 lines

Source: Annual accounts 2024 (PDF), filed on 11-07-2025.

Balance sheet Code20232024
Assets
Total assets20/58€58,826€51,191▼
Current assets29/58€58,826€51,191▼
Amounts receivable within one year40/41€35,305€21,469▼
Trade receivables40€20,305€21,469▲
Other amounts receivable41€15,000-
Cash at bank and in hand54/58€23,520€27,863▲
Deferred charges and accrued income490/1-€1,859
Equity and liabilities
Total equity and liabilities10/49€58,826€51,191▼
Equity10/15€2,206-€7,901▼
Contributions10/11€6,200€6,200=
Contributions outside capital11€6,200-
Other1109/19€6,200-
Reserves13€801€801=
Non-distributable reserves130/1€801€801=
Reserves not available under the articles1311€801€801=
Profit (loss) carried forward14-€4,795-€14,902▼
Amounts payable17/49€56,620€59,092▲
Amounts payable within one year42/48€56,620€59,092▲
Current portion of amounts payable after more than one year42€12,570€7,005▼
Trade debts44€9,248€8,759▼
Suppliers440/4€9,248€8,759▼
Taxes, remuneration and social security45€18,035€25,111▲
Taxes450/3€4,011€7,760▲
Remuneration and social security454/9€14,024€17,351▲
Other amounts payable47/48€16,766€18,217▲
Income statement Code20232024
Remuneration, social security and pensions62€91,500€82,868▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€870-
Other operating charges640/8€1,029€727▼
Gross operating margin9900€96,401€74,490▼
Operating profit (loss)9901€3,001-€9,105▼
Financial income75/76B€8-
Recurring financial income75€8-
Financial charges65/66B€585€1,002▲
Recurring financial charges65€585€1,002▲
Profit (loss) for the period before taxes9903€2,423-€10,107▼
Profit (loss) for the period9904€2,423-€10,107▼
Profit (loss) for the period to be appropriated9905€2,423-€10,107▼
Appropriation of the result
Profit (loss) to be appropriated9906-€4,795-€14,902▼
Profit (loss) brought forward from the previous period14P-€7,218-€4,795▲

The notes to these accounts have 3 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line201920202021202220232024Change
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-
Line201920202021202220232024Change
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%
Line201920202021202220232024Change
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.

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Filings with the National Bank (6)
Financial year Type Filed Reference Document
31-12-2024 micro format 11-07-2025 2025-00257639 PDF
31-12-2023 micro format 19-06-2024 2024-00151793 PDF
31-12-2022 micro format 30-06-2023 2023-00182964 PDF
31-12-2021 micro format 17-08-2022 2022-20295152 PDF
31-12-2020 micro format 30-08-2021 2021-55700271 PDF
31-12-2019 micro format 16-10-2020 2020-61900161 PDF