MD REDA
The computed 12-month bankruptcy probability of MD REDA is 2.8% (moderate). The 2024 annual accounts show equity of €60k and a net result of €4k. Equity is growing by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 57% of 26065 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €60k |
| Net result | €4k |
| Staff (FTE) | 2.2 |
| Better than sector | 57% |
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 40.1% | 32.3% | |
| Net result | €4k | €4k | |
| Equity | €60k | €39k | |
| Gross operating margin | €59k | €31k | |
| Staff costs | €51k | €38k |
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | €126k | €159k | €175k | €181k | €118k |
| EBITDA | €7k | - | - | €22k | €14k |
| Net profit | €4k | €1k | €3k | €21k | €12k |
| Cash flow | €4k | - | - | €22k | €12k |
| Staff costs | €51k | €62k | €63k | €44k | - |
| Income taxes | €2k | €2k | €1k | - | - |
| Dividends | - | - | - | - | - |
| Total assets | €150k | €153k | €168k | €167k | €126k |
| Equity | €60k | €56k | €54k | €51k | €30k |
| Debt | €90k | €97k | €114k | €116k | €96k |
| of which ≤ 1y | €80k | €87k | €104k | €105k | €85k |
| of which > 1y | €10k | €10k | €10k | €10k | €10k |
| Working capital | €70k | €66k | €64k | €61k | €40k |
| Employees (FTE) | 2.2 | 2.4 | 2.4 | 2.2 | 1.2 |
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Current ratio | 1.88 | 1.76 | 1.62 | 1.58 | 1.46 |
| Quick ratio | 1.56 | 1.59 | 1.55 | 1.46 | 1.07 |
| Working capital ratio | 46.7% | 43.1% | 38.2% | 36.8% | 31.5% |
| Solvency | 40.1% | 36.4% | 32.1% | 30.6% | 23.9% |
| Debt / equity | 1.50 | 1.75 | 2.11 | 2.26 | 0.34 |
| Long-term debt ratio | 0.17 | 0.18 | 0.19 | 0.20 | 0.34 |
| Interest coverage | 38.75 | - | - | 108.24 | - |
| Gross margin | 34.3% | 43.8% | 39.0% | 37.3% | - |
| Net margin | 3.5% | 0.9% | 1.7% | 11.6% | 9.7% |
| ROA | 2.9% | 1.0% | 1.8% | 12.6% | 9.2% |
| ROE | 7.3% | 2.6% | 5.6% | 41.1% | 38.3% |
| EBITDA margin | 5.5% | - | - | 12.1% | 11.5% |
| Days sales outstanding | 115d | 85d | 77d | 51d | 15d |
| Days payable outstanding | 224d | 195d | 196d | 196d | - |
| Inventory turnover | 3.23 | 6.36 | 15.66 | 8.53 | - |
| Days inventory (DSI) | 113d | 57d | 23d | 43d | - |
Full annual accounts (24 line items)
| Line item | Code | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €150k | €153k | €168k | €167k | €126k |
| Fixed assets | 21/28 | €281 | - | - | - | €710 |
| Tangible fixed assets | 22/27 | €281 | - | - | - | €710 |
| Current assets | 29/58 | €149k | €153k | €168k | €167k | €125k |
| Stocks & contracts in progress | 3 | €26k | €14k | €7k | €13k | €33k |
| Amounts receivable within one year | 40/41 | €40k | €37k | €38k | €26k | €5k |
| Cash & bank | 54/58 | €83k | €101k | €124k | €128k | €87k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €150k | €153k | €168k | €167k | €126k |
| Equity | 10/15 | €60k | €56k | €54k | €51k | €30k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €19k |
| Reserves | 13 | - | - | €632 | €632 | €632 |
| Accumulated profits (losses) | 14 | €41k | €36k | €35k | €32k | €11k |
| Amounts payable | 17/49 | €90k | €97k | €114k | €116k | €96k |
| Amounts payable after one year | 17 | €10k | €10k | €10k | €10k | €10k |
| Amounts payable within one year | 42/48 | €80k | €87k | €104k | €105k | €85k |
| Trade debts payable within one year | 44 | €51k | €48k | €57k | €61k | €38k |
| Income statement | ||||||
| Turnover | 70 | €126k | €159k | €175k | €181k | €118k |
| Gross operating margin | 9900 | €59k | €70k | €68k | €68k | €38k |
| Operating result | 9901 | €7k | €4k | €5k | €21k | €13k |
| Financial charges | 65 | €180 | €186 | €180 | €202 | €219 |
| Result before taxes | 9903 | €7k | €4k | €5k | €21k | €13k |
| Income taxes | 67/77 | €2k | €2k | €1k | - | - |
| Net result for the period | 9904 | €4k | €1k | €3k | €21k | €13k |
| Result to be appropriated | 9905 | €4k | €1k | €3k | €21k | €13k |
| NACE primary | Other retail sale of new goods(47789) |
| Legal form | Private limited company(610) |
| Incorporation | 16-01-2017 |
| Status | Active |
| Postal code | 1060 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21902A0447/00C003 | Brussels | 142 m² | 1 · 74 m² | 14.9 m · 4 fl. |
| 21013B0317/00N005 | Brussels | 88 m² | 1 · 74 m² | 17.1 m · 5 fl. |
| 21013B0403/00M005 | Brussels | 64 m² | 1 · 50 m² | 15.8 m · 5 fl. |
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
09-03-2023 Discharge granted to the board
Technical details
{
"events": [
{
"kind": "substantive_delegation",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "MADANI Mohammed",
"address": "1190 Forest, rue Berkendael, 135 bte SSRC",
"birth_date": "1972-06-14",
"profession": null,
"birth_place": "Oran, Algeria"
},
"reason": null,
"subkind": "additional",
"via_org": null,
"statutory": "statutair",
"compensated": null,
"effective_date": null,
"evidence_quote": "",
"decharge_status": null,
"mandate_duration": {
"kind": "indefinite",
"value": null
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "decharge_pending",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "ancien g\u00E9rant",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "decidera \u00E0 la prochaine assembl\u00E9e g\u00E9n\u00E9rale annuelle sur la d\u00E9charge pour l\u2019ex\u00E9cution de son mandat",
"decharge_status": "pending_next_agm",
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "board_snapshot",
"role": "bestuurder",
"person": null,
"reason": null,
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
}
],
"notary": {
"name": "Jean-Fran\u00E7ois POELMAN",
"firm_city": null,
"firm_name": "ACT \u0026 LEX",
"office_city": "Schaerbeek",
"is_associated": true
},
"act_meta": {
"language": "mixed",
"pub_date": "2023-03-09",
"filing_date": "2023-03-07",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decisions": [
{
"body": "buitengewone_algemene_vergadering",
"date": "2023-03-02",
"unanimous": null
}
],
"is_correction": false,
"subject_company": {
"kbo": "0669.645.438",
"name_full": "MD REDA",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Jean-Fran\u00E7ois POELMAN",
"org_rep_person_name": null,
"person_role_at_subject": "Notaire"
},
"co_filed_documents": [
"exp\u00E9dition de l\u0027acte",
"statuts coordonn\u00E9es"
],
"corrected_publication_numac": null
}| Legal nameFR | MD REDA |