MD Services
Open bankruptcyA bankruptcy procedure is open for MD Services according to publications in the Belgian State Gazette; curator: WERENFRIED SCHWAGTEN.
Summary
The file additionally contains 1 administrative flag. The 2022 annual accounts show negative equity (-€2,212) and a net result of -€1,943.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Antwerp, Antwerp division
- Declared bankrupt
- 25 April 2024
- Supervising judge
- Bert Verbessem
- Official Gazette
- 02-05-2024 (pdf) ↗search the document for 2024/117875
Deadlines
- Provisional date payments stopped
- 25 April 2024A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 17 May 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 25 May 2024art. XX.104 and XX.155 CEL
- First verification report
- passed on 21 June 2024Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 25 April 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Werenfried SchwagtenPrins Boudewijn- Laan 177-179, 2610 Wilrijk (Antwerpen)w.schwagten@ardent.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2022 was due by 30-04-2023 and was filed on 17-03-2023, 44 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
44 d early
2021
4 d early
2020
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 6 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
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
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Retail sale of cars and light vans (up to 3.5 tonnes) sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, abbreviated schema
Turnover
€352,984▲ 217%
2020 · €111,506
EBIT margin
0.1%▲ 0.3pp
2020 · -0.2%
Net result
-€1,943▼ 2,500%
2021 · -€75
Working capital
-€2,212▼ 723%
2021 · -€269
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202020212022
Turnover€111,506-€352,984▲ 217%
Operating result-€194-€516-€1,641
Net result-€194within the sector's middle half--€75within the sector's middle half▲ 61.4%-€1,943below the sector's middle half▼ 2,500%
EBIT margin-0.2%-0.1%▲ 0.3pp
Equity-€194below the sector's middle half--€269below the sector's middle half▼ 38.6%-€2,212below the sector's middle half▼ 723%
Total assets€132,770within the sector's middle half-€64,840within the sector's middle half▼ 51.2%€7,300below the sector's middle half▼ 88.7%
Debt€132,964-€65,108▼ 51.0%€9,512▼ 85.4%
Working capital-€194within the sector's middle half--€269within the sector's middle half▼ 38.6%-€2,212below the sector's middle half▼ 723%
Solvency-0.1%below the sector's middle half--0.4%below the sector's middle half▼ 0.3pp-30.3%below the sector's middle half▼ 29.9pp
Current ratio1.00within the sector's middle half-1.00within the sector's middle half=0.77below the sector's middle half▼ 0.23
Return on assets (ROA)-0.1%within the sector's middle half--0.1%within the sector's middle half=-26.6%below the sector's middle half▼ 26.5pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
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 turns negative in 2022: a loss of €1,641 after €516 in 2021, the lowest result in the available series.
Key figures and ratios
Debt to equity
-4.30
Debt ≤ 1 year
€9,512▼
2021 · €65,108
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Turnover70 | €111,506 | €352,984 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €352,467 | - | - |
| Other operating charges640/8 | - | - | €3,453 | - |
| Gross operating margin9900 | -€194 | €516 | €1,812 | ▲ 251% |
| Operating profit (loss)9901 | -€194 | €516 | -€1,641 | ▼ 418% |
| Financial charges65/66B | - | €591 | €302 | ▼ 48.9% |
| Recurring financial charges65 | - | €591 | €302 | ▼ 48.9% |
| Profit (loss) for the period before taxes9903 | -€194 | -€75 | -€1,943 | ▼ 2,500% |
| Profit (loss) for the period9904 | -€194 | -€75 | -€1,943 | ▼ 2,500% |
| Profit (loss) for the period to be appropriated9905 | -€194 | -€75 | -€1,943 | ▼ 2,500% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €132,770 | €64,840 | €7,300 | ▼ 88.7% |
| Current assets29/58 | €132,770 | €64,840 | €7,300 | ▼ 88.7% |
| Stocks and contracts in progress3 | - | €2,500 | - | - |
| Stocks30/36 | - | €2,500 | - | - |
| Amounts receivable within one year40/41 | €132,770 | €39,961 | - | - |
| Trade receivables40 | - | €39,961 | - | - |
| Cash at bank and in hand54/58 | - | €22,379 | €7,300 | ▼ 67.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €132,770 | €64,840 | €7,300 | ▼ 88.7% |
| Equity10/15 | -€194 | -€269 | -€2,212 | ▼ 723% |
| Profit (loss) carried forward14 | -€194 | -€269 | -€2,212 | ▼ 723% |
| Amounts payable17/49 | €132,964 | €65,108 | €9,512 | ▼ 85.4% |
| Amounts payable within one year42/48 | €132,964 | €65,108 | €9,512 | ▼ 85.4% |
| Trade debts44 | €114,034 | - | €1,680 | - |
| Suppliers440/4 | - | - | €1,680 | - |
| Taxes, remuneration and social security45 | - | €4,038 | €7,832 | ▲ 93.9% |
| Taxes450/3 | - | €4,038 | €7,832 | ▲ 93.9% |
| Other amounts payable47/48 | - | €61,070 | - | - |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€194 | -€75 | -€1,943 | ▼ 2,500% |
| Operating cash flow (approximation) | -€194 | -€75 | -€1,943 | ▼ 2,500% |
| Change in cash | - | - | -€15,079 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
16-03
KBO administration
Address struck
event 09-01-2026
2024
02-05
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 25-04-2024
2023
17-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Weakest financial yearnet -€1,943
Net result drops to -€1,943, the lowest in the series.
26-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
3 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, Antwerpen · 1 establishment unit since 2019
Ground area
3,826 m²
Building footprint
2,522 m²
Volume, LiDAR
18,421 m³
Parcel 11012A0273/00R000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 establishment unit
MD Services
since 20192.291.287.181
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11012A0273/00R000 | Flanders | 3,826 m² | 1 · 2,522 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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 | WERENFRIED SCHWAGTEN PRINS BOUDEWIJN-
LAAN 177-179, 2610 WILRIJK (ANTWERPEN)- |
25-04-2024 → present |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector. Of 10,664 companies in sector 47811 we hold annual accounts for 5,227. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-07-2019
Fiscal year end30-09
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
95314Bodywork repair (including spraying and painting)
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.