MD SOLUTIONS
ActiveSummary
MD SOLUTIONS has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €147k and a net result of €69k. Equity is growing by ~84.6% per year across the filed fiscal years. Its solvency ranks better than 78% of 9494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100▲+4
Growth78=
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 13.7 against 2.63 in 2024; short-term debt: 7.2% and cash: 40.5% of total assets), and 20.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
79.6%
Return on assets
37.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-07-2026, 20 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
20 d early
2024
34 d early
2023
8 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, micro schema
Equity
€147k▲ 88.4%
2024 · €78k
Total assets
€185k▲ 68.0%
2024 · €110k
Net result
€69k▲ 9.3%
2024 · €63k
Working capital
€170k▲ 344%
2024 · €38k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€19k-€82k▲ 342%€89k▲ 8.5%
Net result€13k-€63k▲ 371%€69k▲ 9.3%
Equity€15k-€78k▲ 424%€147k▲ 88.4%
Total assets€62k-€110k▲ 78.5%€185k▲ 68.0%
Debt€47k-€32k▼ 31.6%€38k▲ 18.1%
Working capital€-429-€38k€170k▲ 344%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 8% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €185k
Fixed assets
€2k ▼ 96.4%
Current assets
€183k ▲ 197%
Equity and liabilities €185k
Equity
€147k ▲ 88.4%
Debt
€38k ▲ 18.1%
Debt's share of the balance-sheet total falls from 29.0% to 20.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€91k▲
2024 · €89k
Cash flow
€71k▲
2024 · €70k
Current ratio
13.70▲
2024 · 2.63
Debt to equity
0.26▼
2024 · 0.41
ROE
46.9%▼
2024 · 80.9%
ROA
37.3%▼
2024 · 57.4%
Interest coverage
85.08▲
2024 · 84.87
Debt ≤ 1 year
€13k▼
2024 · €24k
Debt > 1 year
€24k▲
2024 · €8k
Income taxes
€21k▲
2024 · €18k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €7k | €2k | ▼ 68.7% |
| Other operating charges640/8 | €4k | €3k | €34k | ▲ 1,035% |
| Non-recurring operating charges66A | - | €123 | - | - |
| Gross operating margin9900 | €34k | €92k | €125k | ▲ 36.1% |
| Operating profit (loss)9901 | €19k | €82k | €89k | ▲ 8.5% |
| Financial income75/76B | €0 | €96 | €2k | ▲ 2,011% |
| Recurring financial income75 | €0 | €96 | €2k | ▲ 2,011% |
| Financial charges65/66B | €636 | €1k | €1k | ▲ 2.3% |
| Recurring financial charges65 | €636 | €1k | €1k | ▲ 2.3% |
| Profit (loss) for the period before taxes9903 | €18k | €81k | €90k | ▲ 10.9% |
| Income taxes67/77 | €5k | €18k | €21k | ▲ 16.9% |
| Profit (loss) for the period9904 | €13k | €63k | €69k | ▲ 9.3% |
| Profit (loss) for the period to be appropriated9905 | €13k | €63k | €69k | ▲ 9.3% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €62k | €110k | €185k | ▲ 68.0% |
| Fixed assets21/28 | €33k | €48k | €2k | ▼ 96.4% |
| Tangible fixed assets22/27 | €33k | €48k | €2k | ▼ 96.6% |
| Plant, machinery and equipment23 | €3k | €3k | €2k | ▼ 37.6% |
| Furniture and vehicles24 | €30k | €32k | €0 | ▼ 100% |
| Assets under construction and advance payments27 | - | €14k | €0 | ▼ 100% |
| Financial fixed assets28 | €117 | €117 | €117 | = |
| Current assets29/58 | €29k | €62k | €183k | ▲ 197% |
| Amounts receivable within one year40/41 | €4k | €33k | €106k | ▲ 225% |
| Trade receivables40 | €4k | €21k | €2k | ▼ 91.2% |
| Other amounts receivable41 | - | €11k | €104k | ▲ 822% |
| Cash at bank and in hand54/58 | €25k | €29k | €75k | ▲ 159% |
| Deferred charges and accrued income490/1 | - | €114 | €2k | ▲ 1,691% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €62k | €110k | €185k | ▲ 68.0% |
| Equity10/15 | €15k | €78k | €147k | ▲ 88.4% |
| Contributions10/11 | €2k | €2k | €2k | = |
| Reserves13 | - | - | €52k | - |
| Distributable reserves133 | - | - | €52k | - |
| Profit (loss) carried forward14 | €13k | €77k | €94k | ▲ 22.6% |
| Amounts payable17/49 | €47k | €32k | €38k | ▲ 18.1% |
| Amounts payable after more than one year17 | €17k | €8k | €24k | ▲ 188% |
| Financial debts170/4 | €17k | €8k | €24k | ▲ 188% |
| Amounts payable within one year42/48 | €29k | €24k | €13k | ▼ 43.1% |
| Current portion of amounts payable after more than one year42 | €9k | €9k | €1k | ▼ 87.4% |
| Trade debts44 | €271 | €2k | €3k | ▲ 53.4% |
| Suppliers440/4 | €271 | €2k | €3k | ▲ 53.4% |
| Taxes, remuneration and social security45 | €10k | €13k | €9k | ▼ 26.1% |
| Taxes450/3 | €10k | €13k | €9k | ▼ 26.1% |
| Other amounts payable47/48 | €11k | - | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €13k | €63k | €69k | ▲ 9.3% |
| + Depreciation and write-downs630 | €12k | €7k | €2k | ▼ 68.7% |
| Operating cash flow (approximation) | €25k | €70k | €71k | ▲ 1.6% |
| Investment in fixed assets (approximation) | - | €-22k | €44k | ▲ 298% |
| Change in cash | - | €4k | €46k | ▲ 1,011% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2023net €69k ▲9.3%
Operating result €89k, net result €69k, both a record.
31-12
Financial
Liquidity times 5current ratio 13.70
Current ratio from 2.63 to 13.70; short-term debt falls from €24k to €13k.
31-12
Financial
Equity above €100kEq €147k ▲88.4%
3 profitable years in a row build equity to €147k.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 2.63
Current ratio from 0.99 to 2.63; short-term debt falls from €29k to €24k.
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Grâce-Hollogne · 1 establishment unit since 2022
Ground area
301 m²
Building footprint
95 m²
Volume, LiDAR
642 m³
Parcel 62046A1547/00T012, Wallonia · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MD SOLUTIONS
since 20222.338.714.936
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62046A1547/00T012 | Wallonia | 301 m² | 1 · 95 m² | 8.8 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.
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Of 11,571 companies in sector 71121 we hold annual accounts for 6,561. 5,231 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-12-2022
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
Contact
E-mail
denis.mooren@gmail.com
Scores and ratios are computed by Checked and are not a credit decision.