MDAD
ActiveSummary
The computed 12-month bankruptcy probability of MDAD is 1.9% (moderate). The 2024 annual accounts show equity of €39k and a net result of €-6k. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 56% of 18941 sector peers (fiscal year 2024). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
51
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability12▼-33
Solvency61▼-12
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity tight (current ratio 1.39 against 1.91 in 2023; short-term debt: 59.3% and cash: 44.3% of total assets), and 63.9% of the assets are financed with debt.
Credit advice for your own amount and term
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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
36.1%
Return on assets
-5.2%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
30 d late
2022
101 d late
2021
30 d late
2020
13 d late
2019
42 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€39k▼ 12.6%
2023 · €44k
2018: €41k
2019: €50k
2020: €39k
2021: €60k
2022: €40k
2023: €44k
2018 → 2024
Total assets
€108k▲ 15.9%
2023 · €93k
2018: €88k
2019: €83k
2020: €48k
2021: €92k
2022: €86k
2023: €93k
2018 → 2024
Net result
€-6k
2023 · €5k
2018: €-19k
2019: €9k
2020: €-11k
2021: €21k
2022: €-21k
2023: €5k
2018 → 2024
Working capital
€25k▼ 36.6%
2023 · €39k
2018: €29k
2019: €38k
2020: €31k
2021: €56k
2022: €34k
2023: €39k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€39k-€60k▲ 55.0%€40k▼ 34.4%€44k▲ 12.4%€39k▼ 12.6%
Operating result€-9k-€23k€-20k€10k€-3k
Net result€-11k-€21k€-21k€5k€-6k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €3k after €10k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €108k
Fixed assets
€19k ▲ 75.7%
Current assets
€89k ▲ 8.0%
Equity and liabilities €108k
Equity
€39k ▼ 12.6%
Debt
€69k ▲ 42.0%
Debt's share of the balance-sheet total rises from 52.1% to 63.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-361▼
2023 · €13k
Cash flow
€-3k▼
2023 · €8k
Current ratio
1.39▼
2023 · 1.91
Quick ratio
1.15▼
2023 · 1.55
Debt to equity
1.77▲
2023 · 1.09
ROE
-14.4%▼
2023 · 11.0%
ROA
-5.2%▼
2023 · 5.3%
Interest coverage
-0.13▼
2023 · 2.39
Debt ≤ 1 year
€64k▲
2023 · €43k
Debt > 1 year
€5k▲
2023 · €2k
Staff costs
€91k▲
2023 · €78k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€93k€108k▲
Fixed assets21/28€11k€19k▲
Tangible fixed assets22/27€10k€18k▲
Plant, machinery and equipment23€2k€10k▲
Furniture and vehicles24€948€1k▲
Other tangible fixed assets26€7k€6k▼
Financial fixed assets28€828€813▼
Current assets29/58€82k€89k▲
Stocks and contracts in progress3€15k€15k=
Stocks30/36€15k€15k=
Amounts receivable within one year40/41€13k€24k▲
Trade receivables40€3k€14k▲
Other amounts receivable41€10k€10k=
Cash at bank and in hand54/58€54k€48k▼
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€93k€108k▲
Equity10/15€44k€39k▼
Contributions10/11€19k€19k=
Reserves13€30k€30k=
Distributable reserves133€30k€30k=
Profit (loss) carried forward14€-4k€-9k▼
Amounts payable17/49€48k€69k▲
Amounts payable after more than one year17€2k€5k▲
Financial debts170/4€2k€5k▲
Amounts payable within one year42/48€43k€64k▲
Current portion of amounts payable after more than one year42€1k€5k▲
Trade debts44€4k€23k▲
Suppliers440/4€4k€23k▲
Advances received on contracts in progress46-€120
Taxes, remuneration and social security45€12k€12k▼
Taxes450/3€3k€2k▼
Remuneration and social security454/9€9k€10k▲
Other amounts payable47/48€25k€23k▼
Accrued charges and deferred income492/3€3k-
Income statement
Code20232024
Non-recurring operating income76A€180-
Remuneration, social security and pensions62€78k€91k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€2k▼
Other operating charges640/8€1k€804▼
Gross operating margin9900€93k€91k▼
Operating profit (loss)9901€10k€-3k▼
Financial income75/76B€93€13▼
Recurring financial income75€93€13▼
Financial charges65/66B€6k€3k▼
Recurring financial charges65€6k€3k▼
Profit (loss) for the period before taxes9903€5k€-6k▼
Profit (loss) for the period9904€5k€-6k▼
Profit (loss) for the period to be appropriated9905€5k€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-4k€-9k▼
Profit (loss) brought forward from the previous period14P€-9k€-4k▲
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
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
09-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 101 days late
2022
31-12
Financial
Weakest financial yearnet €-21k ▼197%
Net result drops to €-21k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 4.26
Current ratio from 2.12 to 4.26; short-term debt falls from €33k to €9k.
11-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 42 days late
2019
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
Show earlier events
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
20-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Willebroek · 1 establishment unit since 2006
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.
Sasplein 13-142830 WillebroekGround area
266 m²
Building footprint
185 m²
Volume, LiDAR
1,188 m³
Parcel 12342B0026/00H000, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ZEEZICHT
since 20062.154.394.843
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12342B0026/00H000 | Flanders | 266 m² | 1 · 185 m² | 10.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Recognitions · licences · registrations
Food safety, FASFC
1 siteWillebroek2.154.394.843
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ORTS 32
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HERSTEN
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Of 14,018 companies in sector 56301 we hold annual accounts for 4,891. 4,102 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-04-2006
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56301Cafés and bars
46412Wholesale of household textiles and bedding
47789Other retail sale of new goods
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.