MD VETERINARY SERVICES
ActiveMD VETERINARY SERVICES has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €85k and a net result of €25k. Equity is growing by ~44.4% per year across the filed fiscal years. Its solvency ranks better than 65% of 1268 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
93
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability93▼-7
Solvency90▼-10
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 4.03 against 6.16 in 2024; short-term debt: 19.8% and cash: 55.4% of total assets), and 34.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 75
Relative position
BE, all sectors
reference
Sector 75
lower
← fewer bankruptcies
more bankruptcies →
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 · 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
65.2%
Return on assets
19.1%
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 01-04-2026, 121 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
121 d early
2024
37 d early
2023
34 d early
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€85k▲ 41.6%
2024 · €60k
2023: €32k
2024: €60k
2023 → 2025
Total assets
€130k▲ 64.8%
2024 · €79k
2023: €53k
2024: €79k
2023 → 2025
Net result
€25k▼ 13.3%
2024 · €29k
2023: €27k
2024: €29k
2023 → 2025
Working capital
€78k▲ 22.9%
2024 · €64k
2023: €30k
2024: €64k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€32k-€60k▲ 89.3%€85k▲ 41.6%
Operating result€34k-€39k▲ 13.4%€31k▼ 19.8%
Net result€27k-€29k▲ 4.5%€25k▼ 13.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 20% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €130k
Fixed assets
€26k▲ 742%
Current assets
€104k▲ 37.0%
Equity and liabilities €130k
Equity
€85k▲ 41.6%
Debt
€45k▲ 138%
The debt ratio rises from 24.1% to 34.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€37k▼
2024 · €42k
Cash flow
€30k▼
2024 · €31k
Solvency
65.2%▼
2024 · 75.9%
Current ratio
4.03▼
2024 · 6.16
Quick ratio
4.03▼
2024 · 6.16
Debt / equity
0.53▲
2024 · 0.32
ROE
29.4%▼
2024 · 47.9%
ROA
19.1%▼
2024 · 36.4%
Interest coverage
45.43▼
2024 · 87.12
Debt
€45k▲
2024 · €19k
Debt ≤ 1 year
€26k▲
2024 · €12k
Debt > 1 year
€20k
Income taxes
€6k▼
2024 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€79k€130k▲
Fixed assets21/28€3k€26k▲
Tangible fixed assets22/27€3k€26k▲
Furniture and vehicles24€3k€26k▲
Current assets29/58€76k€104k▲
Amounts receivable within one year40/41€30k€31k▲
Trade receivables40€30k€29k▼
Other amounts receivable41-€2k
Cash at bank and in hand54/58€45k€72k▲
Deferred charges and accrued income490/1€1k€1k▼
Equity and liabilities
Total equity and liabilities10/49€79k€130k▲
Equity10/15€60k€85k▲
Contributions10/11€5k€5k=
Reserves13€55k€80k▲
Distributable reserves133€55k€80k▲
Amounts payable17/49€19k€45k▲
Amounts payable after more than one year17-€20k
Financial debts170/4-€20k
Amounts payable within one year42/48€12k€26k▲
Current portion of amounts payable after more than one year42-€6k
Trade debts44€1k€675▼
Suppliers440/4€1k€675▼
Taxes, remuneration and social security45€6k€9k▲
Taxes450/3€5k€7k▲
Remuneration and social security454/9€1k€2k▲
Other amounts payable47/48€5k€11k▲
Accrued charges and deferred income492/3€7k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€5k▲
Other operating charges640/8€535€398▼
Non-recurring operating charges66A-€619
Gross operating margin9900€42k€38k▼
Operating profit (loss)9901€39k€31k▼
Financial income75/76B€0€20▲
Recurring financial income75€0€20▲
Financial charges65/66B€479€808▲
Recurring financial charges65€479€808▲
Profit (loss) for the period before taxes9903€39k€31k▼
Income taxes67/77€10k€6k▼
Profit (loss) for the period9904€29k€25k▼
Profit (loss) for the period to be appropriated9905€29k€25k▼
Appropriation of the result
Profit (loss) to be appropriated9906€29k€25k▼
Transfer to equity691/2€28k€25k▼
To other reserves6921€28k€25k▼
Profit to be distributed694/7€444-
Return on contributions (dividend)694€444-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €25k ▼13.3%
Net result drops to €25k, the lowest in the series.
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2023net €29k ▲4.5%
Operating result €39k, net result €29k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 6.16
Current ratio from 2.73 to 6.16; short-term debt falls from €17k to €12k.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Wingene · 1 establishment unit since 2023
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Lichterveldestraat 478750 WingeneGround area
1,760 m²
Building footprint
272 m²
Volume, LiDAR
1,522 m³
2 parcels, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MD VETERINARY SERVICES
since 20232.342.459.730
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37019E0847/00P000 | Flanders | 1,339 m² | 1 · 189 m² | 8.5 m · 2 fl. |
| 36010C0560/00K002 | Flanders | 421 m² | 1 · 83 m² | 10.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 2,670 EUR awarded · 2,670 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,335 EUR | 1,335 EUR |
| 2024 | 1 | 1,335 EUR | 1,335 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 6,078 companies in sector 75000 we hold annual accounts for 1,950. 1,719 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-01-2023
Fiscal year end31-12
Activities, NACEBEL
75000Veterinary services
47740Retail trade
47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
82100Office administrative and support services
82110Office administrative, office support and other business support activities
82190Office administrative, office support and other business support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.