MD-TECHNIQUE
ActiveSummary
MD-TECHNIQUE has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €86,372 and a net result of €8,310. Equity is growing by ~41.6% per year across the filed fiscal years. Its solvency ranks better than 89% of 28051 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▼-1
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 6.51 against 90.41 in 2024; short-term debt: 15.1% and cash: 73.6% of total assets), and 15.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
84.9%
Return on assets
8.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
31 d late
2024
19 d late
2023
2 d early
2022
7 d late
2021
30 d late
2020
29 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 21 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€8,310▼ 83.6%
2024 · €50,789
Working capital
€84,492▼ 84.5%
2024 · €544,692
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
Line20212022202320242025
Operating result€316,334▲ 702%€112,715▼ 64.4%€134,360▲ 19.2%€68,332▼ 49.1%€11,431▼ 83.3%
Net result€239,526▲ 706%€81,001▼ 66.2%€98,762▲ 21.9%€50,789▼ 48.6%€8,310▼ 83.6%
Equity€317,509▲ 307%€398,510▲ 25.5%€497,272▲ 24.8%€548,062▲ 10.2%€86,372▼ 84.2%
Total assets€464,520▲ 85.2%€509,152▲ 9.6%€508,201▼ 0.2%€554,154▲ 9.0%€101,698▼ 81.6%
Debt€147,011▼ 15.0%€110,641▼ 24.7%€10,928▼ 90.1%€6,092▼ 44.3%€15,326▲ 152%
Working capital€351,672▲ 180%€436,087▲ 24.0%€493,687▲ 13.2%€544,692▲ 10.3%€84,492▼ 84.5%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 83% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €101,698
Fixed assets
€1,880 ▼ 44.2%
Current assets
€99,818 ▼ 81.9%
Equity and liabilities €101,698
Equity
€86,372 ▼ 84.2%
Debt
€15,326 ▲ 152%
Debt's share of the balance-sheet total rises from 1.1% to 15.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€12,921▼
2024 · €70,167
Cash flow
€9,800▼
2024 · €52,624
Current ratio
6.51▼
2024 · 90.41
Debt to equity
0.18▲
2024 · 0.01
ROE
9.6%▲
2024 · 9.3%
ROA
8.2%▼
2024 · 9.2%
Interest coverage
59.78▼
2024 · 324.62
Debt ≤ 1 year
€15,326▲
2024 · €6,092
Income taxes
€2,813▼
2024 · €17,326
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €43,192 | €4,114 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,401 | €14,249 | €1,746 | €1,835 | €1,489 | ▼ 18.8% |
| Other operating charges640/8 | €773 | €574 | €20,899 | €387 | €400 | ▲ 3.2% |
| Non-recurring operating charges66A | - | €307 | - | - | - | - |
| Gross operating margin9900 | €372,700 | €131,960 | €157,005 | €70,554 | €13,320 | ▼ 81.1% |
| Operating profit (loss)9901 | €316,334 | €112,715 | €134,360 | €68,332 | €11,431 | ▼ 83.3% |
| Financial income75/76B | - | €0 | €1 | - | - | - |
| Recurring financial income75 | - | €0 | €1 | - | - | - |
| Financial charges65/66B | €3,510 | €1,571 | €1,081 | €216 | €308 | ▲ 42.6% |
| Recurring financial charges65 | €3,328 | €1,513 | €1,081 | €216 | €216 | = |
| Non-recurring financial charges66B | €182 | €58 | - | - | €92 | - |
| Profit (loss) for the period before taxes9903 | €312,824 | €111,145 | €133,281 | €68,116 | €11,123 | ▼ 83.7% |
| Income taxes67/77 | €73,298 | €30,143 | €34,519 | €17,326 | €2,813 | ▼ 83.8% |
| Profit (loss) for the period9904 | €239,526 | €81,001 | €98,762 | €50,789 | €8,310 | ▼ 83.6% |
| Profit (loss) for the period to be appropriated9905 | €239,526 | €81,001 | €98,762 | €50,789 | €8,310 | ▼ 83.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €464,520 | €509,152 | €508,201 | €554,154 | €101,698 | ▼ 81.6% |
| Fixed assets21/28 | €38,351 | €24,102 | €3,586 | €3,370 | €1,880 | ▼ 44.2% |
| Tangible fixed assets22/27 | €37,351 | €23,102 | €2,586 | €2,370 | €880 | ▼ 62.9% |
| Plant, machinery and equipment23 | €1,445 | €1,043 | €642 | €240 | - | - |
| Furniture and vehicles24 | €33,167 | €20,020 | €605 | €1,491 | €880 | ▼ 40.9% |
| Other tangible fixed assets26 | €2,739 | €2,039 | €1,339 | €639 | - | - |
| Financial fixed assets28 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Current assets29/58 | €426,169 | €485,049 | €504,615 | €550,785 | €99,818 | ▼ 81.9% |
| Stocks and contracts in progress3 | €135,486 | €135,486 | - | - | - | - |
| Contracts in progress37 | €135,486 | €135,486 | - | - | - | - |
| Amounts receivable within one year40/41 | €79,267 | €121,111 | €3,394 | €5,508 | €22,551 | ▲ 309% |
| Trade receivables40 | €43,098 | €119,755 | €1,554 | €45 | - | - |
| Other amounts receivable41 | €36,169 | €1,356 | €1,841 | €5,462 | €22,551 | ▲ 313% |
| Cash at bank and in hand54/58 | €209,848 | €225,322 | €499,065 | €543,080 | €74,830 | ▼ 86.2% |
| Deferred charges and accrued income490/1 | €1,568 | €3,130 | €2,156 | €2,197 | €2,437 | ▲ 10.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €464,520 | €509,152 | €508,201 | €554,154 | €101,698 | ▼ 81.6% |
| Equity10/15 | €317,509 | €398,510 | €497,272 | €548,062 | €86,372 | ▼ 84.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €298,909 | €379,910 | €478,672 | €529,462 | €67,772 | ▼ 87.2% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €297,049 | €378,050 | €476,812 | €527,602 | €65,912 | ▼ 87.5% |
| Amounts payable17/49 | €147,011 | €110,641 | €10,928 | €6,092 | €15,326 | ▲ 152% |
| Amounts payable after more than one year17 | €72,514 | €61,679 | - | - | - | - |
| Financial debts170/4 | €72,514 | €61,679 | - | - | - | - |
| Amounts payable within one year42/48 | €74,497 | €48,963 | €10,928 | €6,092 | €15,326 | ▲ 152% |
| Current portion of amounts payable after more than one year42 | €14,023 | €12,512 | - | - | - | - |
| Trade debts44 | €52,396 | €10,475 | €1,637 | €98 | €382 | ▲ 291% |
| Suppliers440/4 | €52,396 | €10,475 | €1,637 | €98 | €382 | ▲ 291% |
| Advances received on contracts in progress46 | - | - | - | - | €6,745 | - |
| Taxes, remuneration and social security45 | €3,298 | €25,378 | €5,560 | €44 | €32 | ▼ 28.5% |
| Taxes450/3 | €3,298 | €25,378 | €5,560 | €44 | €32 | ▼ 28.5% |
| Other amounts payable47/48 | €4,779 | €598 | €3,732 | €5,951 | €8,168 | ▲ 37.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €239,526 | €81,001 | €98,762 | €50,789 | €8,310 | ▼ 83.6% |
| + Depreciation and write-downs630 | €12,401 | €14,249 | €1,746 | €1,835 | €1,489 | ▼ 18.8% |
| Operating cash flow (approximation) | €251,927 | €95,250 | €100,508 | €52,624 | €9,800 | ▼ 81.4% |
| Investment in fixed assets (approximation) | - | €0 | €18,771 | -€1,619 | €0 | ▲ 100% |
| Change in cash | - | €15,474 | €273,742 | €44,015 | -€468,250 | ▼ 1,164% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €8,310 ▼83.6%
Net result drops to €8,310, the lowest in the series.
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
31-12
Financial
Equity above €500,000Eq €548,062 ▲10.2%
7 profitable years in a row build equity to €548,062.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 5current ratio 46.17
Current ratio from 9.91 to 46.17; short-term debt falls from €48,963 to €10,928.
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 7 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Highest result since 2018net €239,526 ▲706%
Operating result €316,334, net result €239,526, both a record.
31-12
Financial
Liquidity doublescurrent ratio 5.72
Current ratio from 2.40 to 5.72; short-term debt falls from €89,676 to €74,497.
31-12
Financial
Equity above €200,000Eq €317,509 ▲307%
4 profitable years in a row build equity to €317,509.
29-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 29 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
Financial 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, Anderlues · 1 establishment unit since 2017
Ground area
1,908 m²
Building footprint
173 m²
Volume, LiDAR
1,123 m³
Parcel 56001B0760/00M000, Wallonia · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
MD-TECHNIQUE
since 20172.269.927.385
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56001B0760/00M000 | Wallonia | 1,908 m² | 1 · 173 m² | 8.6 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 22,831 companies in sector 43211 we hold annual accounts for 10,327. 8,813 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
Founded08-11-2017
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
33140Repair and maintenance of electrical equipment
42220Construction of utility projects for electricity and telecommunications
43120Site preparation
43990Other specialised construction activities
Contact
E-mail
md.technique@hotmail.comAnderlues
Phone
0471894731Anderlues
Scores and ratios are computed by Checked and are not a credit decision.