MD TRANSPORTS
MD TRANSPORTS has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €201k and a net result of €27k. Equity is growing by ~14.8% per year across the filed fiscal years. Its solvency ranks better than 80% of 4219 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
| Equity | €201k |
| Net result | €27k |
| Staff (FTE) | 4 |
| Better than sector | 80% |
Exceptional profile, strong across almost every axis.
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 | 72.3% | 39.2% | |
| Net result | €27k | €6k | |
| Equity | €201k | €38k | |
| Gross operating margin | €316k | €41k | |
| Staff costs | €220k | €50k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €67k | €29k | €119k | €-1k | €26k |
| Net profit | €27k | €816 | €66k | €-11k | €12k |
| Cash flow | €52k | €26k | €80k | €-3k | €16k |
| Staff costs | €220k | €210k | €238k | €228k | €245k |
| Income taxes | €15k | €2k | €38k | €252 | €9k |
| Dividends | - | - | - | - | - |
| Total assets | €278k | €257k | €300k | €229k | €204k |
| Equity | €201k | €174k | €174k | €107k | €118k |
| Debt | €49k | €55k | €99k | €94k | €58k |
| of which ≤ 1y | €37k | €55k | €88k | €66k | €52k |
| of which > 1y | - | €0 | €6k | €19k | €0 |
| Working capital | €173k | €109k | €117k | €110k | €133k |
| Employees (FTE) | 4.0 | 4.3 | 4.7 | 4.0 | 4.0 |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 5.70 | 2.99 | 2.33 | 2.65 | 3.57 |
| Quick ratio | 5.70 | 2.99 | 2.33 | 2.65 | 3.57 |
| Working capital ratio | 62.3% | 42.3% | 39.0% | 47.9% | 65.3% |
| Solvency | 72.3% | 67.8% | 57.8% | 46.9% | 57.8% |
| Debt / equity | 0.24 | 0.32 | 0.57 | 0.87 | 0.49 |
| Long-term debt ratio | - | 0.00 | 0.03 | 0.18 | 0.00 |
| Interest coverage | 57.29 | 24.44 | 69.72 | -0.64 | 23.50 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 9.6% | 0.3% | 22.0% | -4.7% | 6.1% |
| ROE | 13.3% | 0.5% | 38.2% | -9.9% | 10.5% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (26 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €278k | €257k | €300k | €229k | €204k |
| Fixed assets | 21/28 | €68k | €94k | €95k | €53k | €19k |
| Tangible fixed assets | 22/27 | €64k | €89k | €91k | €48k | €15k |
| Financial fixed assets | 28 | €4k | €5k | €5k | €5k | €5k |
| Current assets | 29/58 | €210k | €164k | €205k | €176k | €185k |
| Amounts receivable within one year | 40/41 | €121k | €112k | €139k | €106k | €114k |
| Investments | 50/53 | €20k | €20k | €20k | €20k | €20k |
| Cash & bank | 54/58 | €70k | €32k | €46k | €50k | €51k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €278k | €257k | €300k | €229k | €204k |
| Equity | 10/15 | €201k | €174k | €174k | €107k | €118k |
| Contributions / capital | 10/11 | €50k | €50k | €50k | €50k | €50k |
| Reserves | 13 | €151k | €124k | €124k | €4k | €4k |
| Accumulated profits (losses) | 14 | - | - | €0 | €53k | €64k |
| Provisions & deferred taxes | 16 | €28k | €28k | €28k | €28k | €28k |
| Amounts payable | 17/49 | €49k | €55k | €99k | €94k | €58k |
| Amounts payable after one year | 17 | - | €0 | €6k | €19k | €0 |
| Amounts payable within one year | 42/48 | €37k | €55k | €88k | €66k | €52k |
| Trade debts payable within one year | 44 | €15k | €16k | €15k | €29k | €11k |
| Income statement | ||||||
| Gross operating margin | 9900 | €316k | €271k | €396k | €271k | €311k |
| Operating result | 9901 | €42k | €3k | €105k | €-9k | €22k |
| Financial income | 75 | €564 | €638 | €596 | €584 | €640 |
| Financial charges | 65 | €1k | €1k | €2k | €2k | €1k |
| Result before taxes | 9903 | €41k | €3k | €104k | €-10k | €22k |
| Income taxes | 67/77 | €15k | €2k | €38k | €252 | €9k |
| Net result for the period | 9904 | €27k | €816 | €66k | €-11k | €12k |
| Result to be appropriated | 9905 | €27k | €816 | €66k | €-11k | €12k |
-
Marc DemeulenaereDirectorState Gazette act 23319359 (03-03-2023)Current03-03-2023 → present
| NACE primary | Freight transport by road(49410) |
| Legal form | Private limited company(610) |
| Incorporation | 05-09-2007 |
| Status | Active |
| Postal code | 7700 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54007B0410/00G000 | Wallonia | 7,436 m² | 1 · 2,158 m² | 13.7 m · 3 fl. |
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
03-03-2023 Marc Demeulenaere appointed as director
- Marc Demeulenaere, Bestuurder
Technical details
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}| Legal nameFR | MD TRANSPORTS |