MD ONE (0443.458.561): financials and annual accounts

MD ONE

Molenbeek-Saint-Jean ·KBO/BCE: BE 0443.458.561

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	115,711	97,119	102,412	122,640	143,547	70,160	81,083	102,956	113,174	120,663	134,558	145,464	68,677	73,229	79,560	174,350	94,319	110,995	87,160	96,478
Formation expenses`20`	-	-	-	-	-	-	-	-	-	0	-	0	-	-	-	-	-	-	-	-
Fixed assets`21/28`	29,671	37,694	45,717	55,107	64,497	69,787	77,810	85,833	93,856	106,297	119,574	133,766	52,521	57,431	63,507	157,208	86,136	98,905	76,742	82,459
Intangible fixed assets`21`	-	-	-	-	-	-	-	-	-	0	-	0	-	-	-	-	0	-	-	-
Tangible fixed assets`22/27`	29,671	37,694	45,717	55,107	64,497	69,787	77,810	85,833	93,856	106,297	119,574	133,766	52,521	57,431	63,507	157,208	86,136	98,905	76,742	82,459
Land and buildings`22`	29,671	37,694	45,717	53,740	61,763	69,787	77,810	85,833	93,856	106,297	119,342	133,257	51,784	57,431	63,078	155,349	74,371	80,018	50,989	53,122
Plant, machinery and equipment`23`	-	-	-	367	733	-	-	-	-	-	-	0	-	-	429	1,858	3,287	4,716	5,460	2,920
Furniture and vehicles`24`	-	-	-	1,000	2,000	-	-	-	-	-	232	509	737	-	-	-	-	90	611	1,132
Other tangible fixed assets`26`	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	8,478	14,080	19,683	25,286
Current assets`29/58`	86,041	59,425	56,695	67,533	79,050	373	3,273	17,123	19,318	14,366	14,984	11,698	16,156	15,798	16,053	17,143	8,183	12,090	10,417	14,019
Amounts receivable after more than one year`29`	30,978	34,414	42,353	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other amounts receivable`291`	30,978	34,414	42,353	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts receivable within one year`40/41`	44,871	4,871	4,871	58,102	41,706	-	-	-	6,500	6,500	6,500	6,527	6,500	6,500	8,734	9,734	4,811	6,900	8,735	5,531
Trade receivables`40`	4,871	4,871	4,871	4,871	1,203	-	-	-	-	-	-	-	-	-	2,234	-	1,022	4,367	3,392	-
Other amounts receivable`41`	40,000	-	-	53,231	40,503	-	-	-	6,500	6,500	6,500	6,527	6,500	6,500	6,500	9,734	3,789	2,533	5,343	5,531
Current investments`50/53`	10,192	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash at bank and in hand`54/58`	-	20,140	9,471	9,431	37,344	373	3,273	11,972	7,728	6,209	6,131	3,549	7,016	8,940	7,319	7,409	3,233	2,046	654	5,879
Deferred charges and accrued income`490/1`	-	-	-	-	-	-	-	5,151	5,090	1,658	2,353	1,623	2,640	358	-	-	138	3,144	1,028	2,609
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	115,711	97,119	102,412	122,640	143,547	70,160	81,083	102,956	113,174	120,663	134,558	145,464	68,677	73,229	79,560	174,350	94,319	110,995	87,160	96,478
Equity`10/15`	115,374	92,876	87,279	98,163	42,116	26,150	32,972	35,154	37,044	29,513	27,198	24,387	45,022	44,247	45,249	49,003	52,289	51,120	53,136	60,172
Contributions`10/11`	-	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592
Issued capital`100`	-	-	-	-	-	-	18,600	18,600	18,600	18,600	18,600	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592
Contributions outside capital`11`	-	-	-	-	-	18,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other`1109/19`	-	-	-	-	-	18,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revaluation surpluses`12`	18,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reserves`13`	4,331	4,331	4,331	4,331	4,331	4,331	4,331	4,331	4,331	4,331	4,330	4,338	4,338	4,338	4,338	4,338	4,338	4,338	4,338	4,338
Non-distributable reserves`130/1`	1,860	1,860	1,860	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	1,860	1,860	1,860	1,860	1,860	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859
Reserves not available under the articles`1311`	1,860	1,860	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	2,471	2,471	2,471	2,471	2,471	2,471	2,471	2,471	2,471	2,471	2,471	2,479	2,479	2,479	2,479	2,479	2,479	2,479	2,479	2,479
Profit (loss) carried forward`14`	92,443	69,945	64,348	75,232	19,185	3,219	10,041	12,223	14,114	6,582	4,267	1,457	22,092	21,317	22,319	26,073	29,359	28,190	30,206	37,242
Amounts payable`17/49`	337	4,243	15,133	24,477	101,430	44,010	48,111	67,802	76,130	91,150	107,360	121,077	23,655	28,981	34,311	125,347	42,030	59,875	34,023	36,306
Amounts payable after more than one year`17`	-	-	-	10,060	19,868	29,430	38,754	47,845	56,708	65,350	73,775	-	-	-	-	94,430	12,265	22,026	9,090	14,790
Financial debts`170/4`	-	-	-	10,060	19,868	29,430	38,754	47,845	56,708	65,350	73,775	-	-	-	-	94,430	12,265	22,026	9,090	14,790
Amounts payable within one year`42/48`	337	4,243	15,133	14,417	13,563	14,580	9,357	19,644	19,422	19,300	26,089	112,111	23,655	28,981	34,311	30,917	29,764	37,849	24,933	21,517
Current portion of amounts payable after more than one year`42`	-	-	10,060	9,808	9,563	9,973	9,091	8,863	8,642	8,426	8,215	-	-	-	5,906	15,689	10,246	12,592	5,699	5,699
Trade debts`44`	337	2,319	1,074	4,609	4,000	2,888	48	-	-	-	-	101,141	13,885	14,691	-	503	181	4,600	2,000	1,576
Suppliers`440/4`	337	2,319	1,074	4,609	4,000	2,888	48	-	-	-	-	101,141	13,885	14,691	-	503	181	4,600	2,000	1,576
Taxes, remuneration and social security`45`	-	1,924	4,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,877	833	-
Taxes`450/3`	-	-	4,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	833	-
Remuneration and social security`454/9`	-	1,924	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,877	-	-
Other amounts payable`47/48`	-	-	-	-	-	1,718	218	10,780	10,780	10,874	17,874	10,971	9,771	14,291	28,404	14,725	19,336	18,780	16,400	14,241
Accrued charges and deferred income`492/3`	-	-	-	-	68,000	-	-	314	-	6,500	7,496	8,966	-	-	-	-	-	-	-	-
Income statement
Turnover`70`	-	-	-	-	-	-	-	-	-	-	-	-	-	29,300	44,233	30,549	24,569	17,300	-	-
Non-recurring operating income`76A`	-	-	-	-	-	-	-	-	-	27,600	3,970	-	-	-	-	1,522	-	-	-	-
Gross operating margin`9900`	37,027	19,877	14,595	67,879	30,199	7,085	8,018	21,232	23,767	19,480	17,021	-2,988	7,861	6,748	23,967	21,988	17,336	38,737	23,000	17,238
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	-	-	-	5,957	8,120	10,579	30,588	15,312	22,552	20,267	8,561	7,233	5,387	-	-
Remuneration, social security and pensions`62`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	22,827	16,538	4,930
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	8,023	8,023	9,390	9,390	9,390	8,023	8,023	8,023	12,441	13,277	14,192	15,555	5,739	6,076	7,732	7,951	12,768	15,119	10,717	8,641
Other operating charges`640/8`	6,534	6,659	6,100	4,997	4,886	4,853	348	13,349	1,996	1,914	1,639	1,585	1,571	1,537	11,254	15,737	1,821	1,712	1,867	3,705
Non-recurring operating charges`66A`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,969	-	-	-	-	-
Operating profit (loss)`9901`	22,470	5,194	-895	53,491	15,922	-5,792	-353	-141	9,330	4,289	1,190	-20,128	551	-865	4,980	-1,699	2,746	-921	-6,122	-38
Financial income`75/76B`	1,162	581	601	3,231	1,271	-	-	146	293	293	293	358	358	360	3	-	6	3	0	6
Recurring financial income`75`	1,162	581	601	3,231	1,271	-	-	146	293	293	293	358	358	360	3	-	6	3	0	6
Financial charges`65/66B`	-	179	430	675	1,227	1,030	1,830	1,896	2,092	2,266	2,642	865	134	496	2,768	3,110	1,583	1,098	913	770
Recurring financial charges`65`	-	179	430	675	1,227	1,030	1,830	1,896	2,092	2,266	2,642	865	134	496	2,768	3,110	1,583	1,098	913	770
Profit (loss) for the period before taxes`9903`	23,631	5,596	-724	56,047	15,966	-6,822	-2,182	-1,891	7,531	2,316	2,811	-20,635	774	-1,001	-3,754	-3,287	1,170	-2,016	-7,035	-803
Income taxes`67/77`	1,133	-	10,160	-	-	-	-	-	-	-	-	-	-	0	0	-1	1	0	-	113
Profit (loss) for the period`9904`	22,498	5,596	-10,884	56,047	15,966	-6,822	-2,182	-1,891	7,531	2,316	2,811	-20,635	774	-1,002	-3,754	-3,286	1,169	-2,016	-7,035	-916
Profit (loss) for the period to be appropriated`9905`	22,498	5,596	-10,884	56,047	15,966	-6,822	-2,182	-1,891	7,531	2,316	2,811	-20,635	774	-1,002	-3,754	-3,286	1,169	-2,016	-7,035	-916
Appropriation of the result
Profit (loss) to be appropriated`9906`	92,443	69,945	64,348	75,232	19,185	3,219	10,041	12,223	14,114	6,583	4,267	1,457	22,092	21,317	22,319	26,073	29,359	28,190	30,206	37,242
Profit (loss) brought forward from the previous period`14P`	69,945	64,348	75,232	19,185	3,219	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	-	-	-	-	-	-	-	-	-	1	-	-	-	-	-	-	-	-	-	-
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	1	-	-	-	-	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.5	0.5	0.5
Hours worked`1013`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	963	966	316
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	21-09-2026	2026-00520020	PDF
31-12-2024	micro format	10-09-2025	2025-00493765	PDF
31-12-2023	micro format	03-10-2024	2024-00498090	PDF
31-12-2022	micro format	16-10-2023	2023-00489510	PDF
31-12-2021	micro format	22-09-2022	2022-20437037	PDF
31-12-2020	full format	30-08-2021	2021-60000081	PDF
31-12-2019	full format	09-09-2020	2020-52000107	PDF
31-12-2018	full format	30-08-2019	2019-61500500	PDF
31-12-2017	micro format	25-07-2018	2018-37400544	PDF
31-12-2016	micro format	18-07-2017	2017-33300591	PDF
31-12-2015	full format	20-07-2016	2016-33600084	PDF
31-12-2014	full format	31-07-2015	2015-37800182	PDF
31-12-2013	full format	28-07-2014	2014-35700080	PDF
31-12-2012	full format	16-07-2013	2013-31200512	PDF
31-12-2011	full format	19-07-2012	2012-32000232	PDF
31-12-2010	full format	29-06-2011	2011-23100260	PDF
31-12-2009	full format	10-09-2010	2010-53800579	PDF
31-12-2008	full format	28-08-2009	2009-69000336	PDF
31-12-2007	full format	17-07-2008	2008-42700239	PDF
31-12-2006	full format	18-07-2007	2007-41300342	PDF
31-12-2005	full format	24-08-2006	2006-66501607	PDF
31-12-2004	full format	25-07-2005	2005-54703571	PDF
31-12-2003	full format	28-07-2004	2004-52404461	PDF
31-12-2002	full format	28-07-2003	2003-51704558	PDF
31-12-2001	full format	24-06-2002	2002-25800822	PDF
31-12-2000	full format	25-06-2001	2001-26001423	PDF
31-12-1999	full format	06-06-2000	2000-18104832	PDF
31-12-1998	full format	24-06-1999	1999-23900476	PDF
31-12-1997	full format	12-06-1998	1998-17100516	PDF
31-12-1996	full format	19-06-1997	1997-17501493	PDF
31-12-1995	full format	02-07-1996	1996-27104360	PDF
31-12-1994	full format	16-10-1995	1995-54202147	PDF
31-12-1993	full format	28-06-1994	1994-21602097	PDF
31-12-1992	full format	23-06-1993	1993-16500991	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	30,493	13,217	8,495	62,881	25,312	2,232	7,671	7,883	21,771	17,566	15,382	-4,573	6,290	5,211	12,712	6,252	15,515	14,198	4,594	8,603
Cash flow	30,522	13,620	-1,494	65,437	25,356	1,201	5,841	6,132	19,972	15,592	17,003	-5,080	6,513	5,074	3,978	4,665	13,938	13,103	3,681	7,726
Investment in fixed assets (approximation)	0	0	0	0	4,100	0	0	0	0	0	0	96,800	829	0	-85,969	87,500	0	37,281	5,000	29,488
Change in cash	-	10,669	41	-27,913	36,971	-2,899	-8,699	4,244	1,519	77	2,582	-3,467	-1,924	1,622	-90	4,176	1,187	1,392	-5,225	-
Working capital	85,703	55,182	41,562	53,116	65,487	-14,206	-6,084	-2,521	-104	-4,934	-11,105	-100,413	-7,499	-13,183	-18,258	-13,774	-21,582	-25,759	-14,516	-7,498
EBIT margin	-	-	-	-	-	-	-	-	-	-	-	-	-	-3.0%	11.3%	-5.6%	11.2%	-5.3%	-	-
Solvency	99.7%	95.6%	85.2%	80.0%	29.3%	37.3%	40.7%	34.1%	32.7%	24.5%	20.2%	16.8%	65.6%	60.4%	56.9%	28.1%	55.4%	46.1%	61.0%	62.4%
Current ratio	-	14.00	3.75	4.68	5.83	0.03	0.35	0.87	0.99	0.74	0.57	0.10	0.68	0.55	0.47	0.55	0.27	0.32	0.42	0.65
Debt to equity	0.00	0.05	0.17	0.25	2.41	1.68	1.46	1.93	2.06	3.09	3.95	4.96	0.53	0.65	0.76	2.56	0.80	1.17	0.64	0.60
ROE	19.5%	6.0%	-12.5%	57.1%	37.9%	-26.1%	-6.6%	-5.4%	20.3%	7.8%	10.3%	-84.6%	1.7%	-2.3%	-8.3%	-6.7%	2.2%	-3.9%	-13.2%	-1.5%
ROA	19.4%	5.8%	-10.6%	45.7%	11.1%	-9.7%	-2.7%	-1.8%	6.7%	1.9%	2.1%	-14.2%	1.1%	-1.4%	-4.7%	-1.9%	1.2%	-1.8%	-8.1%	-0.9%
Interest coverage	-	73.99	19.75	93.11	20.62	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer credit	-	-	-	-	-	-	-	-	-	-	-	-	-	81 days	18 days	116 days	15 days	92 days	-	-
Supplier credit	-	-	-	-	-	-	-	-	-	-	-	1207 days	331 days	238 days	-	21 days	9 days	312 days	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	-	-	-	€4,100
Depreciation and write-downs of the year	€8,023	€8,023	€9,390	€9,390	€9,390

MD ONE

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cash

Staff

Staff cost per FTE

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on MD ONE

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