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MDA IMMO

Active
Private limited companyfounded 20232 yrs activeBrusselsesteenweg 184, 1500 Halle, BelgiumKBO/BCE: BE 1003.954.156
Summary

The computed 12-month bankruptcy probability of MDA IMMO is 3.5% (moderate). The 2025 annual accounts show equity of €4,947 and a net result of -€969. Equity is shrinking by ~42.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability0=
Solvency100▲+8
Growth58▲+23
Track record82
Bankruptcy probability, 12 months
3.5% Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
86.2%
Return on assets
-16.9%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
2425
2024 to 2025 · latest year -€969
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 · 3 filings
Deviation from the deadline
2025
31 d late
2024
25 d late
2023
99 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 3 accounts on average 52 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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. Usually files around 31 August (3 of the last 3 filed years within 69 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 27 December 2023, MDA IMMO was incorporated as a Private limited company.1 Total assets went from EUR 10,000 in 2023 to EUR 5,738 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€4,947▼ 16.4%
2024 · €5,917
Total assets
€5,738▼ 34.9%
2024 · €8,807
Net result
-€969▲ 76.3%
2024 · -€4,083
Working capital
€4,047▼ 19.3%
2024 · €5,017
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-€4,083-€829▲ 79.7%
Net result-€4,083-€969▲ 76.3%
Equity€10,000-€5,917▼ 40.8%€4,947▼ 16.4%
Total assets€10,000-€8,807▼ 11.9%€5,738▼ 34.9%
Debt€2,891€791▼ 72.6%
Working capital€5,017€4,047▼ 19.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€6,000-€4,000-€2,000€0Operating result 2024: -€4,083-€4,083Net result 2024: -€4,083-€4,083Operating result 2025: -€829-€829Net result 2025: -€969-€969202320242025-€6,000-€4,000-€2,000€0Operating result 2024: -€4,083-€4,080Net result 2024: -€4,083-€4,080Operating result 2025: -€829-€829Net result 2025: -€969-€969202320242025
The operating result stays negative: a loss of €829 in 2025 against €4,083 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5,738
Fixed assets €900 =
Current assets €4,838 ▼ 38.8%
Equity and liabilities €5,738
Equity €4,947 ▼ 16.4%
Debt €791 ▼ 72.6%
Debt's share of the balance-sheet total falls from 32.8% to 13.8%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
Current ratio
6.12▲
2024 · 2.74
Debt to equity
0.16▼
2024 · 0.49
ROE
-19.6%▲
2024 · -69.0%
ROA
-16.9%▲
2024 · -46.4%
Debt ≤ 1 year
€791▼
2024 · €2,891
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,227 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 87% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
2.9% went bankrupt
8.6% stopped otherwise
87% still going

A further 1.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 3.5% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 3,227 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 25 lines
Balance sheet Code20242025
Assets
Total assets20/58€8,807€5,738▼
Fixed assets21/28€900€900=
Financial fixed assets28€900€900=
Current assets29/58€7,907€4,838▼
Amounts receivable within one year40/41-€125
Trade receivables40-€125
Cash at bank and in hand54/58€7,907€4,713▼
Equity and liabilities
Total equity and liabilities10/49€8,807€5,738▼
Equity10/15€5,917€4,947▼
Contributions10/11€10,000€10,000=
Profit (loss) carried forward14-€4,083-€5,053▼
Amounts payable17/49€2,891€791▼
Amounts payable within one year42/48€2,891€791▼
Other amounts payable47/48€2,891€791▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,591-
Other operating charges640/8€787€400▼
Gross operating margin9900-€1,705-€429▲
Operating profit (loss)9901-€4,083-€829▲
Financial charges65/66B-€141
Recurring financial charges65-€141
Profit (loss) for the period before taxes9903-€4,083-€969▲
Profit (loss) for the period9904-€4,083-€969▲
Profit (loss) for the period to be appropriated9905-€4,083-€969▲
Appropriation of the result
Profit (loss) to be appropriated9906-€4,083-€5,053▼
Profit (loss) brought forward from the previous period14P--€4,083

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€1,591--
Other operating charges640/8-€787€400▼ 49.2%
Gross operating margin9900--€1,705-€429▲ 74.8%
Operating profit (loss)9901--€4,083-€829▲ 79.7%
Financial charges65/66B--€141-
Recurring financial charges65--€141-
Profit (loss) for the period before taxes9903--€4,083-€969▲ 76.3%
Profit (loss) for the period9904--€4,083-€969▲ 76.3%
Profit (loss) for the period to be appropriated9905--€4,083-€969▲ 76.3%
Line202320242025Change
Assets
Total assets20/58€10,000€8,807€5,738▼ 34.9%
Fixed assets21/28-€900€900=
Financial fixed assets28-€900€900=
Current assets29/58€10,000€7,907€4,838▼ 38.8%
Amounts receivable within one year40/41--€125-
Trade receivables40--€125-
Cash at bank and in hand54/58€10,000€7,907€4,713▼ 40.4%
Equity and liabilities
Total equity and liabilities10/49€10,000€8,807€5,738▼ 34.9%
Equity10/15€10,000€5,917€4,947▼ 16.4%
Contributions10/11€10,000€10,000€10,000=
Profit (loss) carried forward14--€4,083-€5,053▼ 23.7%
Amounts payable17/49-€2,891€791▼ 72.6%
Amounts payable within one year42/48-€2,891€791▼ 72.6%
Other amounts payable47/48-€2,891€791▼ 72.6%
Line202320242025Change
Profit (loss) for the period9904--€4,083-€969▲ 76.3%
+ Depreciation and write-downs630-€1,591--
Operating cash flow (approximation)--€2,492-€969▲ 61.1%
Investment in fixed assets (approximation)--€0-
Change in cash--€2,093-€3,195▼ 52.7%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial Liquidity doublescurrent ratio 6.12
Current ratio from 2.74 to 6.12; short-term debt falls from €2,891 to €791.
25-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
07-11
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 99 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Halle · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
191 m²
Building footprint
191 m²
Volume, LiDAR
1,419 m³
Parcel 23027G0340/00L007, Flanders · tallest building 11.2 m, ±2 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
MDA IMMO
Brusselsesteenweg 184, 1500 HalleReal estate activities
since 20232.357.038.533
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23027G0340/00L007 Flanders 191 m² 1 · 191 m² 11.2 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded27-12-2023
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.