Losses
-€13,593 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
MDB
Lifetime
20 annual accounts with figures on one time axis, 26 filings since 2000peak €108,713 (2008)
€52,433▼ 31.3%
lowest -€42,163 (2012)
-€8,358▼ €3,124
peak €142,950 (2023)
€110,767▼ 7.0%
€324,128▼ 7.2%
peak 1.2 FTE (2008)
-not published
Board1 name since 2023
1 directorDE BUCK Mario Monique Hendrik
Documentsfilings and deeds
11-06-202650 days before the deadline
2025micro format
Turnover from €310,753 to €377,618Gross margin from €76,307 to €52,433Loss of €8,358Cash from €1,487 to €33,697
Key points
from the 2025 annual accountsDebts
€324,128 75% of the balance sheet
Financial debts 76%Suppliers 7%Other 17%
Of this, €69,267 falls due within a year.
Payment terms
24 days to suppliers
MDB pays its suppliers 88 days earlier than in 2024. Customers pay 102 days earlier.
Checked score
70
Healthy
Financially stronger than 50% of micro companies in fishing and aquaculture (NACE 03)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 98 companies (NACE 03, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.9%▲ +0.7 percentage points vs 07-2025
09-2025: 0.9%● unchanged vs 08-2025
10-2025: 0.9%● unchanged vs 09-2025
11-2025: 0.9%● unchanged vs 10-2025
12-2025: 0.9%● unchanged vs 11-2025
01-2026: 0.9%● unchanged vs 12-2025
02-2026: 0.9%● unchanged vs 01-2026
03-2026: 1.0%▲ +0.1 percentage points vs 02-2026
04-2026: 1.0%● unchanged vs 03-2026highest value
05-2026: 1.0%● unchanged vs 04-2026highest value
06-2026: 1.0%● unchanged vs 05-2026
07-2026: 0.6%▼ -0.4 percentage points vs 06-2026
08-2026: 0.6%● unchanged vs 07-2026
09-2026: 0.6%● unchanged vs 08-2026
10-2026: 0.6%● unchanged vs 09-2026
11-2026: 0.6%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Sector: Fishing and aquaculture (NACE 03)
Loss of €8,358, the second in a row (financial year 2025)
lowers risk
Founded in 2000
Figures for financial year 2025 (filed on 11-06-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 03, micro). It does better than 33% of them on solvency, 52% on liquidity, 51% on profitability and 64% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,450 companies had the same profile as MDB has now. Each dot stands for 7 companies, two years later.
93.3%
were still trading
5.0%
stopped another way
1.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MDB itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,450 companies, not a prediction for MDB. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €7,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.49 (1.42 in 2024), below the usual 1.5. Short-term debt is 15.9% and cash 7.7% of total assets. 74.5% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
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 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€8,358
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 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 days early
2024
30 days early
2023
36 days early
2022
24 days early
2021
33 days early
2020
46 days late
2019
143 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 2 days after the deadline. In the sector (NACE 03), the median for financial year 2024 was 10 days after the deadline, and 55% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Resignation: DE BUCK Mario Monique Hendrik (manager)
Reappointment: DE BUCK Mario Monique Hendrik (director) · DE BUCK Mario Monique Hendrik holds all the shares · General meeting of 27-09-2023 · Gazette deed
First establishment
Beukenlaan 16, Kaprijke
Incorporation
published on 22-01-2000 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MDB Kaprijke | €434,896 | €52,433 | 25.5% | - |
| FOND DE PARADIS Gouvy | €561,081 | €81,419 | 84.3% | - |
| REDERIJ DE MARIE - LOUISE Bruges | €736,197 | €54,878 | 85.0% | 1 |
| REDERIJ HOLLEBEKE Ostend | €288,347 | €153,254 | 92.5% | - |
| Garnalenvissers Rudy Praet & Zoon bv Beveren-Kruibeke-Zwijndrecht | €428,678 | €116,697 | 72.7% | - |
| ARAN Ostend | €261,893 | €177,533 | 10.2% | - |
| ANTWANNIE Nieuwpoort | €192,313 | €207,684 | 73.2% | - |
These companies have the same main activity as MDB: fishing and aquaculture (NACE 03110). They are comparable in size and age: total assets between €192,000 and €736,000, founded between 1978 and 2015.
Official details
Source: KBO- Status
- Active since 12-01-2000Normal situation
- Activity
- Fishing and aquacultureNACE 03110
- Establishment unit
- 2.099.392.8739971 Kaprijke, since 22-02-2000
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €434,896▼ 7.1%
- Filing
- Filed on 11-06-2026, 50 days before the end of the filing period
Insights on MDB
MDB files the micro format. That format states no turnover. The gross margin rose from €43,789 in 2006 to €52,433 in 2025.
The balance sheet grew most from 2014 to 2016 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MDB
- What is the company number of MDB?
- The company number of MDB is 0469.582.641. The VAT number is the same number with BE in front: BE 0469.582.641.
- Where is MDB based?
- The registered office is at Beukenlaan 16, 9971 Kaprijke.Company details
- What does MDB do?
- According to the KBO register, the main activity is fishing and aquaculture (NACE 03110).
- What is the legal form of MDB?
- MDB is a private limited company (BV).
- When was MDB founded?
- MDB was founded on 12-01-2000.
- Is MDB still active?
- Yes, MDB is an active enterprise in the KBO register.
- How many employees does MDB have?
- MDB had an average of 0.9 full-time equivalents in financial year 2018, according to the filed annual accounts.Financials
- What is the turnover of MDB?
- The turnover of MDB was €377,618 in financial year 2025, according to the filed annual accounts.
- Is MDB profitable?
- In financial year 2025, MDB made a loss of €8,358.
- Where can I find the annual accounts of MDB?
- MDB filed 26 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MDB due?
- MDB must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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