MD MS
Open bankruptcyA bankruptcy procedure is open for MD MS according to publications in the Belgian State Gazette; curator: MARK BRUURS. The file additionally contains 1 administrative flag. The 2025 annual accounts show equity of €107k and a net result of €47k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-01-2025 was due by 31-08-2025 and was filed on 30-09-2025, 30 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 · 3 filingsDeviation from the deadline
2026
not confirmed
2025
30 d late
2024
360 d late
2023
127 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2025, micro schema
Turnover
€505k
EBIT margin
6.4%
Net result
€47k▲ 34.5%
2024 · €35k
2023: €23k
2024: €35k
2023 → 2025
Working capital
€87k▲ 155%
2024 · €34k
2023: €19k
2024: €34k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Turnover€505k-
Equity€25k-€60k▲ 143%€107k▲ 79.1%
Operating result€32k-€45k▲ 41.4%€60k▲ 31.2%
Net result€23k-€35k▲ 51.9%€47k▲ 34.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 31% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €232k
Fixed assets
€20k▼ 22.4%
Current assets
€212k▲ 34.3%
Equity and liabilities €232k
Equity
€107k▲ 79.1%
Debt
€125k▲ 1.2%
The debt ratio falls from 67.6% to 54.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€65k▲
2024 · €51k
Cash flow
€53k▲
2024 · €40k
Solvency
45.9%▲
2024 · 32.4%
Current ratio
1.69▲
2024 · 1.27
Quick ratio
1.69▲
2024 · 1.27
Debt / equity
1.18▼
2024 · 2.08
ROE
44.2%▼
2024 · 58.8%
ROA
20.3%▲
2024 · 19.1%
Interest coverage
21.49▼
2024 · 51.66
Debt
€125k▲
2024 · €124k
Debt ≤ 1 year
€125k▲
2024 · €124k
Income taxes
€14k▲
2024 · €12k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€184k€232k▲
Fixed assets21/28€25k€20k▼
Tangible fixed assets22/27€25k€20k▼
Plant, machinery and equipment23€1k€1k=
Furniture and vehicles24€24k€18k▼
Current assets29/58€158k€212k▲
Amounts receivable within one year40/41€151k€205k▲
Trade receivables40€73k€125k▲
Other amounts receivable41€77k€80k▲
Cash at bank and in hand54/58€6k€8k▲
Deferred charges and accrued income490/1€1k-
Equity and liabilities
Total equity and liabilities10/49€184k€232k▲
Equity10/15€60k€107k▲
Contributions10/11€2k€2k=
Profit (loss) carried forward14€58k€105k▲
Amounts payable17/49€124k€125k▲
Amounts payable within one year42/48€124k€125k▲
Trade debts44€72k€95k▲
Suppliers440/4€72k€95k▲
Taxes, remuneration and social security45€52k€30k▼
Taxes450/3€33k€30k▼
Remuneration and social security454/9€20k€5▼
Income statement
Code20242025
Non-recurring operating income76A€432-
Remuneration, social security and pensions62€30k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€6k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€83k€67k▼
Operating profit (loss)9901€45k€60k▲
Financial income75/76B€3k€4k▲
Recurring financial income75€3k€4k▲
Financial charges65/66B€981€3k▲
Recurring financial charges65€981€3k▲
Profit (loss) for the period before taxes9903€47k€61k▲
Income taxes67/77€12k€14k▲
Profit (loss) for the period9904€35k€47k▲
Profit (loss) for the period to be appropriated9905€35k€47k▲
Appropriation of the result
Profit (loss) to be appropriated9906€58k€105k▲
Profit (loss) brought forward from the previous period14P€23k€58k▲
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
2025
01-12
KBO administration
Address struck
24-11
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · MD MS BV SINT-JOZEF 54/101, 2310 RIJKEVORSEL · event 18-11-2025
30-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 360 days late
31-01
Financial
Highest result since 2023net €47k ▲34.5%
Operating result €60k, net result €47k, both a record.
31-01
Financial
Equity above €100kEq €107k ▲79.1%
3 profitable years in a row build equity to €107k.
2024
05-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 127 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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
1 establishment unit since 2021
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.
Ground area
1,152 m²
Building footprint
237 m²
Volume, LiDAR
1,725 m³
Parcel 13502D0098/00P013, Flanders · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MD MS SRL
since 20212.321.927.206
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13502D0098/00P013 | Flanders | 1,152 m² | 1 · 237 m² | 11.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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 | MARK BRUURS ALPHENSEWEG 12, 2387 BAARLE-
HERTOG |
18-11-2025 → present |
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Of 29,808 companies in sector 41001 we hold annual accounts for 16,038. 13,065 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-09-2021
Fiscal year end31-01
Activities, NACEBEL
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
81210General cleaning of buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.