MD Recycling
ActiveFor MD Recycling, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €205k and a net result of €12k. Equity is growing by ~25% per year across the filed fiscal years. Its solvency ranks better than 40% of 8935 sector peers (fiscal year 2023). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability71▼-6
Solvency59▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
34.1%
Return on assets
1.9%
Age of the figures
33 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 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
31-12-2024 close31-07-2025 deadline16-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 28-04-2025, 271 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
271 d late
2022
583 d late
2021
80 d late
2020
86 d late
2019
236 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, abbreviated schema
Equity
€205k▲ 6.0%
2022 · €194k
2018: €22k
2020: €46k
2021: €159k
2022: €194k
2018 → 2023
Total assets
€601k▲ 9.4%
2022 · €549k
2018: €311k
2020: €544k
2021: €673k
2022: €549k
2018 → 2023
Net result
€12k▼ 67.1%
2022 · €35k
2018: €-10k
2020: €57k
2021: €113k
2022: €35k
2018 → 2023
Working capital
€109k▲ 13.1%
2022 · €97k
2018: €8k
2020: €17k
2021: €80k
2022: €97k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182020202120222023Trend
Equity€22k-€46k▲ 106%€159k▲ 245%€194k▲ 22.1%€205k▲ 6.0%
Operating result€-9k-€62k€159k▲ 155%€64k▼ 59.6%€20k▼ 69.6%
Net result€-10k-€57k€113k▲ 98.1%€35k▼ 68.9%€12k▼ 67.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2023 is 70% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €601k
Fixed assets
€111k▼ 5.7%
Current assets
€491k▲ 13.6%
Equity and liabilities €601k
Equity
€205k▲ 6.0%
Debt
€396k▲ 11.3%
The debt ratio rises from 64.7% to 65.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€49k▼
2022 · €90k
Cash flow
€41k▼
2022 · €61k
Solvency
34.1%▼
2022 · 35.3%
Current ratio
1.29▼
2022 · 1.29
Quick ratio
0.49▲
2022 · 0.43
Debt / equity
1.93▲
2022 · 1.84
ROE
5.6%▼
2022 · 18.1%
ROA
1.9%▼
2022 · 6.4%
Interest coverage
26.10▲
2022 · 25.18
Debt
€396k▲
2022 · €356k
Debt ≤ 1 year
€381k▲
2022 · €335k
Debt > 1 year
€15k▼
2022 · €20k
Income taxes
€6k▼
2022 · €26k
Staff costs
€98k▼
2022 · €141k
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€549k€601k▲
Fixed assets21/28€117k€111k▼
Tangible fixed assets22/27€117k€110k▼
Land and buildings22€33k€28k▼
Plant, machinery and equipment23€22k€17k▼
Furniture and vehicles24€58k€62k▲
Other tangible fixed assets26€4k€3k▼
Financial fixed assets28€495€495=
Current assets29/58€432k€491k▲
Stocks and contracts in progress3€288k€305k▲
Stocks30/36€288k€305k▲
Amounts receivable within one year40/41€132k€182k▲
Trade receivables40€7k€54k▲
Other amounts receivable41€125k€128k▲
Cash at bank and in hand54/58€12k€4k▼
Equity and liabilities
Total equity and liabilities10/49€549k€601k▲
Equity10/15€194k€205k▲
Contributions10/11€6k€6k=
Outside capital11€6k€6k=
Other1109/19€6k€6k=
Reserves13€183k€194k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€181k€193k▲
Profit (loss) carried forward14€5k€5k=
Amounts payable17/49€356k€396k▲
Amounts payable after more than one year17€20k€15k▼
Financial debts170/4€20k€15k▼
Amounts payable within one year42/48€335k€381k▲
Current portion of amounts payable after more than one year42€7k€6k▼
Taxes, remuneration and social security45€136k€195k▲
Taxes450/3€80k€95k▲
Remuneration and social security454/9€56k€100k▲
Other amounts payable47/48€192k€180k▼
Income statement
Code20222023
Non-recurring operating income76A€11k-
Remuneration, social security and pensions62€141k€98k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€30k▲
Other operating charges640/8€8k€2k▼
Non-recurring operating charges66A€28k€8k▼
Gross operating margin9900€267k€157k▼
Operating profit (loss)9901€64k€20k▼
Financial charges65/66B€4k€2k▼
Recurring financial charges65€4k€2k▼
Profit (loss) for the period before taxes9903€61k€18k▼
Income taxes67/77€26k€6k▼
Profit (loss) for the period9904€35k€12k▼
Profit (loss) for the period to be appropriated9905€35k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€40k€16k▼
Profit (loss) brought forward from the previous period14P€5k€5k=
Transfer to equity691/2€35k€12k▼
To other reserves6921€35k€12k▼
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 271 days late
05-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 583 days late
2023
31-12
Financial
Equity above €200kEq €205k ▲6%
4 profitable years in a row build equity to €205k.
2022
19-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 80 days late
2021
31-12
Financial
Highest result since 2018net €113k ▲98.1%
Operating result €159k, net result €113k, both a record.
31-12
Financial
Equity above €150kEq €159k ▲245%
2 profitable years in a row build equity to €159k.
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 86 days late
24-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 236 days late
2020
31-12
Financial
Back to profitnet €57k
Net result €57k after one loss-making year.
2019
14-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 75 days late
2018
17-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 48 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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
Registered office, Essen · 1 establishment unit since 2007
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.
Rijkmakerlaan 382910 EssenGround area
9,960 m²
Building footprint
372 m²
Volume, LiDAR
2,080 m³
Parcel 11016B0709/00C000, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MD Recycling
since 20072.243.056.110
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11016B0709/00C000 | Flanders | 9,960 m² | 1 · 372 m² | 7.3 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 463 EUR awarded · 463 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 463 EUR | 463 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 414 companies in sector 46872 we hold annual accounts for 218. 146 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-01-2007
Fiscal year end31-12
Activities, NACEBEL
46871Wholesale trade
46872Wholesale trade
51570
37100
38210Materials recovery from waste
38322Waste collection, recovery and disposal activities
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
50200
Sources
Crossroads Bank for EnterprisesNational Bank · 17 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.