MDA
Bankruptcy closedInactive since 17-10-2026; last annual accounts for financial year 2023.
Summary
MDA was declared bankrupt on 08-10-2024 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 13-10-2026, published in the Belgian Official Gazette on 20-10-2026.
Financials · financial year 2023, micro format
2023 annual accounts filed late (33 days) Filed on 2 September 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00442844.
2019 to 2023, 5 financial years
The operating result turns negative in 2023: a loss of €1,882 after €18,475 in 2022.
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).
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €104,674 | €212,127 | €174,166 | ▼ 17.9% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €67,978 | €137,127 | €135,828 | ▼ 0.9% |
| Remuneration, social security and pensions62 | - | - | €45,544 | €51,444 | €35,087 | ▼ 31.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €2,629 | €3,155 | €3,155 | €3,155 | = |
| Other operating charges640/8 | - | - | €2,032 | €1,925 | €1,977 | ▲ 2.7% |
| Gross operating margin9900 | €12,918 | €29,922 | €36,696 | €75,000 | €38,338 | ▼ 48.9% |
| Operating profit (loss)9901 | -€32,436 | -€36,216 | -€14,035 | €18,475 | -€1,882 | - |
| Financial income75/76B | - | - | €4 | €4 | €247 | ▲ 62× |
| Recurring financial income75 | - | €0 | €4 | €4 | €247 | ▲ 62× |
| Financial charges65/66B | - | - | €566 | €1,343 | €1,402 | ▲ 4.4% |
| Recurring financial charges65 | €462 | €1,855 | €566 | €1,343 | €1,402 | ▲ 4.4% |
| Profit (loss) for the period before taxes9903 | -€32,898 | -€38,071 | -€14,598 | €17,136 | -€3,037 | - |
| Income taxes67/77 | €12 | €141 | - | €5,057 | - | - |
| Profit (loss) for the period9904 | -€32,910 | -€38,212 | -€14,598 | €12,080 | -€3,037 | - |
| Profit (loss) for the period to be appropriated9905 | -€32,910 | -€38,212 | -€14,598 | €12,080 | -€3,037 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €24,396 | €34,708 | €32,323 | €29,073 | €22,394 | ▼ 23.0% |
| Fixed assets21/28 | €5,200 | €27,948 | €24,793 | €21,638 | €19,122 | ▼ 11.6% |
| Tangible fixed assets22/27 | - | €22,748 | €19,593 | €16,438 | €13,282 | ▼ 19.2% |
| Land and buildings22 | - | - | €18,949 | €16,057 | €13,166 | ▼ 18.0% |
| Plant, machinery and equipment23 | - | - | €644 | €380 | €117 | ▼ 69.3% |
| Financial fixed assets28 | €5,200 | €5,200 | €5,200 | €5,200 | €5,840 | ▲ 12.3% |
| Current assets29/58 | €19,196 | €6,759 | €7,530 | €7,435 | €3,272 | ▼ 56.0% |
| Stocks and contracts in progress3 | €15,000 | €5,000 | €5,000 | €5,000 | €829 | ▼ 83.4% |
| Stocks30/36 | - | - | €5,000 | €5,000 | €829 | ▼ 83.4% |
| Amounts receivable within one year40/41 | €680 | €105 | - | - | €702 | - |
| Other amounts receivable41 | - | - | - | - | €702 | - |
| Cash at bank and in hand54/58 | €3,346 | €251 | €1,223 | €2,435 | €1,741 | ▼ 28.5% |
| Deferred charges and accrued income490/1 | - | - | €1,307 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €24,396 | €34,708 | €32,323 | €29,073 | €22,394 | ▼ 23.0% |
| Equity10/15 | -€18,710 | -€56,922 | -€71,520 | -€59,440 | -€62,477 | ▼ 5.1% |
| Contributions10/11 | €14,200 | - | €14,200 | €14,200 | €14,200 | = |
| Contributions outside capital11 | - | - | €14,200 | €14,200 | €14,200 | = |
| Other1109/19 | - | - | €14,200 | €14,200 | €14,200 | = |
| Profit (loss) carried forward14 | -€32,910 | -€71,122 | -€85,720 | -€73,640 | -€76,677 | ▼ 4.1% |
| Amounts payable17/49 | €43,106 | €91,630 | €103,842 | €88,513 | €84,871 | ▼ 4.1% |
| Amounts payable within one year42/48 | €38,756 | €71,580 | €103,842 | €88,513 | €82,271 | ▼ 7.1% |
| Trade debts44 | €26,703 | €36,445 | €51,846 | €11,304 | €22,587 | ▲ 99.8% |
| Suppliers440/4 | - | - | €51,846 | €11,304 | €22,587 | ▲ 99.8% |
| Taxes, remuneration and social security45 | - | - | €8,996 | €45,036 | €17,809 | ▼ 60.5% |
| Taxes450/3 | - | - | €992 | €22,783 | €15,370 | ▼ 32.5% |
| Remuneration and social security454/9 | - | - | €8,004 | €22,253 | €2,439 | ▼ 89.0% |
| Other amounts payable47/48 | - | - | €43,001 | €32,173 | €41,875 | ▲ 30.2% |
| Accrued charges and deferred income492/3 | - | - | - | - | €2,600 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€32,910 | -€38,212 | -€14,598 | €12,080 | -€3,037 | - |
| + Depreciation and write-downs630 | - | €2,629 | €3,155 | €3,155 | €3,155 | = |
| Operating cash flow (approximation) | -€32,910 | -€35,582 | -€11,442 | €15,235 | €118 | ▼ 99.2% |
| Investment in fixed assets (approximation) | - | -€25,378 | €0 | €0 | -€640 | - |
| Change in cash | - | -€3,095 | €972 | €1,212 | -€694 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | micro format | 02-09-2024 | 2024-00442844 |
| 31-12-2022 | micro format | 06-10-2023 | 2023-00479251 |
| 31-12-2021 | micro format | 09-12-2022 | 2022-20534860 |
| 31-12-2020 | micro format | 15-09-2021 | 2021-67500367 |
| 31-12-2019 | micro format | 30-10-2020 | 2020-65000145 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.