MD Software
ActiveFrom the official registers: KBO 2 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
MD Software has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €56,013 and a net result of €19,705. Its solvency ranks better than 71% of 22,726 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Official details
KBO- Status
- Active since 08-02-2024 Normal situation
- Legal form
- Private limited company
- Registered office
- Daal(DE) 85, 9450 Haaltert
- Activity
- Retail sale of information and communication equipment NACE 47400and 5 others
- Establishment unit
- 2.358.685.553 9450 Haaltert, since 08-02-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 26-05-2025
How it is doing
- Bankruptcy probabilitywithin 12 months
- 0.4%
- Gross margin
- €38,597
- ▼ 26.8%
- Turnover
- ≈ €360,000
- estimated
- Profit
- €19,705
- ▼ 42.0%
- Equity
- €56,013
- ▲ 50.8%
- Total assets
- €95,963
- ▲ 3.6%
Why 88raises riskFounded in 2024Size: total assets €95,963lowers riskLiquidity: current ratio 2.29, cash €52,306Equity €56,013 (58.4% of total assets)Show the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro): better than 71% on solvency, 92% on liquidity, 88% on profitability and 86% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 2 accounts on average 11 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
Financials · financial year 2025, micro format
2025 annual accounts filed late (25 days) Filed on 25 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00422642.
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 25-08-2026
- Format
- micro format
- Reference
- 2026-00422642
2024 to 2025, 2 financial years
The operating result falls in 2025; 2025 is 41% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.9% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 39,278 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,385 | €12,066 | ▲ 43.9% |
| Other operating charges640/8 | €954 | €949 | ▼ 0.5% |
| Gross operating margin9900 | €52,706 | €38,597 | ▼ 26.8% |
| Operating profit (loss)9901 | €43,367 | €25,581 | ▼ 41.0% |
| Financial income75/76B | - | €13 | - |
| Recurring financial income75 | - | €13 | - |
| Financial charges65/66B | €651 | €692 | ▲ 6.2% |
| Recurring financial charges65 | €651 | €692 | ▲ 6.2% |
| Profit (loss) for the period before taxes9903 | €42,716 | €24,903 | ▼ 41.7% |
| Income taxes67/77 | €8,742 | €5,198 | ▼ 40.5% |
| Profit (loss) for the period9904 | €33,974 | €19,705 | ▼ 42.0% |
| Profit (loss) for the period to be appropriated9905 | €33,974 | €19,705 | ▼ 42.0% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €92,656 | €95,963 | ▲ 3.6% |
| Formation expenses20 | €110 | €0 | ▼ 100% |
| Fixed assets21/28 | €42,351 | €41,952 | ▼ 0.9% |
| Tangible fixed assets22/27 | €42,351 | €41,952 | ▼ 0.9% |
| Furniture and vehicles24 | €10,471 | €6,847 | ▼ 34.6% |
| Leasing and similar rights25 | €30,686 | €23,313 | ▼ 24.0% |
| Other tangible fixed assets26 | €1,193 | €11,793 | ▲ 889% |
| Current assets29/58 | €50,196 | €54,011 | ▲ 7.6% |
| Amounts receivable within one year40/41 | €14,334 | €577 | ▼ 96.0% |
| Trade receivables40 | €14,282 | €577 | ▼ 96.0% |
| Other amounts receivable41 | €52 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €34,712 | €52,306 | ▲ 50.7% |
| Deferred charges and accrued income490/1 | €1,149 | €1,127 | ▼ 1.9% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €92,656 | €95,963 | ▲ 3.6% |
| Equity10/15 | €37,141 | €56,013 | ▲ 50.8% |
| Contributions10/11 | €4,000 | €4,000 | = |
| Profit (loss) carried forward14 | €33,141 | €52,013 | ▲ 56.9% |
| Amounts payable17/49 | €55,515 | €39,950 | ▼ 28.0% |
| Amounts payable after more than one year17 | €23,667 | €16,314 | ▼ 31.1% |
| Financial debts170/4 | €23,667 | €16,314 | ▼ 31.1% |
| Amounts payable within one year42/48 | €31,848 | €23,636 | ▼ 25.8% |
| Current portion of amounts payable after more than one year42 | €7,245 | €7,354 | ▲ 1.5% |
| Financial debts43 | €2,879 | €169 | ▼ 94.1% |
| Credit institutions430/8 | €2,879 | €0 | ▼ 100% |
| Other loans439 | - | €169 | - |
| Trade debts44 | €6,165 | €5,115 | ▼ 17.0% |
| Suppliers440/4 | €6,165 | €5,115 | ▼ 17.0% |
| Taxes, remuneration and social security45 | €14,331 | €8,394 | ▼ 41.4% |
| Taxes450/3 | €14,285 | €5,903 | ▼ 58.7% |
| Remuneration and social security454/9 | €46 | €2,491 | ▲ 54× |
| Other amounts payable47/48 | €1,227 | €2,605 | ▲ 112% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €33,974 | €19,705 | ▼ 42.0% |
| + Depreciation and write-downs630 | €8,385 | €12,066 | ▲ 43.9% |
| Operating cash flow (approximation) | €42,359 | €31,771 | ▼ 25.0% |
| Investment in fixed assets (approximation) | - | -€11,668 | - |
| Change in cash | - | €17,594 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| D'HAESELEER,Matthias |
|
How the board is organised
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Artikel 14. Bevoegdheden van het bestuursorgaan Als er slechts één bestuurder is, is het geheel van de bevoegdheden van de bestuurders aan…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, bestuursorgaan”
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 12-02-2024
Owners and capital
Capital and shareholders
- D'HAESELEER,Matthias 100 shares (100%) · €4,000
- 12-02-2024 Incorporation · €4,000 · 100 shares
Other provisions of the articles of association
- Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
- Other provision: “Statutair onbeschikbare eigen vermogensrekening, uitgiftevoorwaarden”Other provision: “Dagelijks bestuur, alleen of gezamenlijk zoals bestuursorgaan bepaalt”Other provision: “Eenparig en schriftelijk alle besluiten bevoegdheid algemene vergadering binnen wettelijke grenzen, schriftelijke algemene vergadering”Other provision: “Toegang tot algemene vergadering, aandeelhouders stemrecht na voldoen voorwaarden”Other provision: “Bestuurder bij gebrek aanwezige aandeelhouder met meeste aandelen bij pariteit oudste, zittingen – processen-verbaal algemene vergadering”Other provision: “Bestemming van de winst - reserves, Artikel 26”Other provision: “Instandhouding vermogen: uitkeringen en tantièmes, Artikel 27”Liquidation distribution: “Artikel 30, aanzuivering schulden, lasten, kosten vereffening of consignatie nodige sommen”5 more provisions in the deed, see the deed of 12-02-2024
Articles of association, deed of 12-02-2024 (in Dutch)
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
12-02
Gazette deed
IncorporationAppointment: D'HAESELEER,Matthias (director) · Founder · Founding capital11 facts ▸
- Incorporation, 07-02-2024
- Founder, D'HAESELEER,Matthias (comparant)
- Founding capital, €4,000
- Shareholding, 100
- Bank account, EUR, “bijzondere rekening namens vennootschap in oprichting” (deed in Dutch)
- Declaration, “bevestiging deponering”, 4000 (deed in Dutch)
- Other provision, “heden, beschikking over ingebrachte som” (deed in Dutch)
- Registered office clause, “9450 Haaltert (Denderhoutem), Daal 85” (deed in Dutch)
- Board rule, 1
- Director appointment, D'HAESELEER,Matthias (director)
- Pre-incorporation commitments, “takeover, alle verbintenissen, verplichtingen en activiteiten door comparant in naam en voor rekening van vennootschap in oprichting vanaf heden” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordWhere it is based
What it does
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBScores and ratios are computed by Checked and are not a credit decision.
Purpose, financial year and meetings according to the articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “IT Consultancy en software consultancy;het analyseren en ontwerpen van computersystemen waarbij hardware,software en communicatietechnologie…”
7 activities
- IT Consultancy en software consultancy;het analyseren en ontwerpen van computersystemen waarbij hardware,software en communicatietechnologie worden geïntegreerd.De dienstverlening kan ook opleiding voor de desbetreffende gebruikers omvatten.
- Advies verlenen over soorten computers(hardware)en hun configuratie en over de toepassing van de bijbehorende programmatuur(software),alsook het analyseren van de behoeften en problemen van de gebruiker en het aanbieden van de beste oplossing.
- Zelfstandig consultant die diensten aanbiedt met betrekking tot websites,zichtbaarheid in zoekmachines en dit in meeste ruime zin.
- Gegevensverwerking,webhosting en aanverwante activiteiten;het ruimte bieden voor websites,gegevensverwerking en aanverwante activiteiten–webhosting–streaming services–application hosting–het voorzien van toepassingsmodaliteiten–het ter beschikking stellen aan klanten van mainframefaciliteiten op basis van tijdsgebruik–de gegevensverwerking–de volledige verwerking van gegevens voor rekening van derden–het maken van gespecialiseerde rapporten op basis van gegevens die geleverd worden door de klant–het nummeren van documenten–het invoeren van gegevens alsook toegang tot internetplatforms verkopen.
- Webportalen;de exploitatie van websites die,door middel van zoekmachines,uitgebreide databases met internetadressen en inhoud voortbrengen en in stand houden en dit in een gemakkelijk raadpleegbaar formaat–de exploitatie van andere websites die fungeren als internetportalen,zoals mediasites die periodieke geüpdatete informatie verschaffen–blogger en social mediabeheer–activiteiten met betrekking tot een keukenreceptwebsite:ruimte bieden aan bedrijven om hun logo,merk of andere keuken-gerelateerde producten op de website te plaatsen.
- Het verkrijgen door aankoop of anderszins,verkopen,ruilen,verbeteren,uitrusten,verbouwen,belasten met,beschikken over,productief maken,het verhuren en in huur nemen,de leasing van alle onroerende goederen in het algemeen alle onroerende verrichtingen.
- De vennootschap mag tevens haar roerend en onroerend vermogen beheren.De vennootschap zal voor eigen rekening in de vorm van beleggingen alle roerende en onroerende goederen kunnen verwerven,vervreemden,huren en verhuren,met persoonlijke en zakelijke rechten bezwaren.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- MD Software
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, enkel besluit”
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of June at 18:00
Articles of association, deed of 12-02-2024 (in Dutch)
Environmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 41010A1302/00E000 | Flanders | 608 m² | 1 · 138 m² | 10.3 m · 2 |