MDB Plus
ActiveSummary
MDB Plus has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11.5m and a net result of €3.7m. Equity is growing by ~14.3% per year across the filed fiscal years. Its solvency ranks better than 82% of 3210 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100=
Growth73▲+1
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150,000 at 30 days acceptable
Liquidity ample (current ratio 4.89 against 2.53 in 2024; short-term debt: 11.9% and cash: 1.7% of total assets), and 11.9% of the assets are financed with debt.
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Signals
Five 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
88.1%
Return on assets
28.1%
Age of the figures
18 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 · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 10-09-2025, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
63 d early
2023
47 d early
2022
12 d early
2021
16 d early
2020
10 d early
2019
84 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 40 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€1.5m▲ 12.4%
2024 · €1.4m
EBIT margin
42.1%▲ 7.5pp
2024 · 34.6%
Net result
€3.7m▼ 3.6%
2024 · €3.8m
Working capital
€6.1m▲ 58.0%
2024 · €3.8m
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
Line20212022202320242025
Turnover€1.1m€1.2m▲ 10.2%€1.3m▲ 7.7%€1.4m▲ 7.6%€1.5m▲ 12.4%
Operating result€390,296▲ 20.6%€439,632▲ 12.6%€455,156▲ 3.5%€471,866▲ 3.7%€644,717▲ 36.6%
Net result€3.0m▲ 43.8%€3.2m▲ 6.8%€1.9m▼ 40.4%€3.8m▲ 100%€3.7m▼ 3.6%
EBIT margin36.6%37.4%▲ 0.8pp35.9%▼ 1.4pp34.6%▼ 1.3pp42.1%▲ 7.5pp
Equity€7.0m▲ 18.2%€8.2m▲ 16.2%€7.7m▼ 5.0%€9.1m▲ 17.9%€11.5m▲ 25.6%
Total assets€9.2m▲ 10.2%€10.5m▲ 13.9%€10.2m▼ 2.8%€11.6m▲ 13.8%€13.0m▲ 12.0%
Debt€2.2m▼ 9.2%€2.4m▲ 6.7%€2.5m▲ 4.8%€2.5m▲ 0.7%€1.6m▼ 37.8%
Working capital€3.6m▲ 39.9%€4.6m▲ 29.5%€4.2m▼ 9.7%€3.8m▼ 8.4%€6.1m▲ 58.0%
Why a figure moved sharply
- 2024 Net result +100% on 2023. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 37% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13.0m
Fixed assets
€5.4m ▲ 2.3%
Current assets
€7.6m ▲ 20.2%
Equity and liabilities €13.0m
Equity
€11.5m ▲ 25.6%
Debt
€1.6m ▼ 37.8%
Debt's share of the balance-sheet total falls from 21.5% to 11.9%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
4.89▲
2024 · 2.53
Debt to equity
0.14▼
2024 · 0.27
ROE
31.9%▼
2024 · 41.6%
ROA
28.1%▼
2024 · 32.7%
Debt ≤ 1 year
€1.6m▼
2024 · €2.5m
Income taxes
€120,404▲
2024 · €71,874
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 545 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Medium-sized
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.2%
stopped otherwise
95%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 74% 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 545 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €1.1m | €1.2m | €1.3m | €1.4m | €1.5m | ▲ 12.4% |
| Goods, raw materials, services and sundry goods60/61 | - | €735,392 | €810,409 | €889,563 | €885,003 | ▼ 0.5% |
| Other operating charges640/8 | - | €1,306 | €1,071 | €960 | €1,053 | ▲ 9.6% |
| Gross operating margin9900 | €391,375 | €440,938 | €456,227 | €472,826 | €645,770 | ▲ 36.6% |
| Operating profit (loss)9901 | €390,296 | €439,632 | €455,156 | €471,866 | €644,717 | ▲ 36.6% |
| Financial income75/76B | - | €2.8m | €1.5m | €3.4m | €3.1m | ▼ 8.1% |
| Recurring financial income75 | €2.6m | €2.8m | €1.5m | €3.4m | €3.1m | ▼ 8.1% |
| Financial charges65/66B | - | €11,866 | €5,184 | €16,259 | €618 | ▼ 96.2% |
| Recurring financial charges65 | €11,093 | €11,866 | €5,184 | €16,259 | €618 | ▼ 96.2% |
| Profit (loss) for the period before taxes9903 | €3.0m | €3.2m | €2.0m | €3.9m | €3.8m | ▼ 2.3% |
| Income taxes67/77 | €20,143 | €62,881 | €68,247 | €71,874 | €120,404 | ▲ 67.5% |
| Profit (loss) for the period9904 | €3.0m | €3.2m | €1.9m | €3.8m | €3.7m | ▼ 3.6% |
| Profit (loss) for the period to be appropriated9905 | €3.0m | €3.2m | €1.9m | €3.8m | €3.7m | ▼ 3.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9.2m | €10.5m | €10.2m | €11.6m | €13.0m | ▲ 12.0% |
| Fixed assets21/28 | €3.6m | €3.6m | €3.6m | €5.3m | €5.4m | ▲ 2.3% |
| Financial fixed assets28 | €3.6m | €3.6m | €3.6m | €5.3m | €5.4m | ▲ 2.3% |
| Current assets29/58 | €5.7m | €7.0m | €6.7m | €6.3m | €7.6m | ▲ 20.2% |
| Amounts receivable after more than one year29 | - | €1.4m | €1.3m | €989,754 | €617,005 | ▼ 37.7% |
| Other amounts receivable291 | - | €1.4m | €1.3m | €989,754 | €617,005 | ▼ 37.7% |
| Amounts receivable within one year40/41 | €2.8m | €3.0m | €1.6m | €3.6m | €3.2m | ▼ 10.4% |
| Trade receivables40 | - | €167,093 | €87,488 | €191,666 | €216,940 | ▲ 13.2% |
| Other amounts receivable41 | - | €2.8m | €1.5m | €3.4m | €3.0m | ▼ 11.8% |
| Current investments50/53 | - | €493,938 | €1.0m | €1.4m | €3.6m | ▲ 158% |
| Cash at bank and in hand54/58 | €1.3m | €2.1m | €2.8m | €368,692 | €218,222 | ▼ 40.8% |
| Deferred charges and accrued income490/1 | - | €6,977 | €6,456 | €5,490 | €4,164 | ▼ 24.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9.2m | €10.5m | €10.2m | €11.6m | €13.0m | ▲ 12.0% |
| Equity10/15 | €7.0m | €8.2m | €7.7m | €9.1m | €11.5m | ▲ 25.6% |
| Contributions10/11 | - | €300,000 | €300,000 | €300,000 | €300,000 | = |
| Reserves13 | €1.3m | €1.3m | €1.9m | €2.4m | €4.0m | ▲ 70.1% |
| Non-distributable reserves130/1 | - | €1.3m | €1.8m | €2.2m | €3.7m | ▲ 66.1% |
| Reserves not available under the articles1311 | - | €1.3m | €1.3m | €1.0m | €655,000 | ▼ 36.4% |
| Own shares acquired1312 | - | - | €539,024 | €1.2m | €3.1m | ▲ 154% |
| Distributable reserves133 | - | - | €42,283 | €132,750 | €313,840 | ▲ 136% |
| Profit (loss) carried forward14 | €5.4m | €6.5m | €5.6m | €6.5m | €7.2m | ▲ 10.6% |
| Amounts payable17/49 | €2.2m | €2.4m | €2.5m | €2.5m | €1.6m | ▼ 37.8% |
| Amounts payable after more than one year17 | €120,000 | €40,000 | €0 | - | - | - |
| Financial debts170/4 | - | €40,000 | €0 | - | - | - |
| Amounts payable within one year42/48 | €2.1m | €2.3m | €2.5m | €2.5m | €1.6m | ▼ 37.8% |
| Current portion of amounts payable after more than one year42 | - | €100,000 | €60,000 | €0 | - | - |
| Financial debts43 | - | - | - | €12 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €12 | €0 | ▼ 100% |
| Trade debts44 | €86,736 | €205,465 | €88,923 | €82,778 | €202,063 | ▲ 144% |
| Suppliers440/4 | - | €205,465 | €88,923 | €82,778 | €202,063 | ▲ 144% |
| Taxes, remuneration and social security45 | - | €12,881 | €25,508 | €6,847 | €33,579 | ▲ 390% |
| Taxes450/3 | - | €12,881 | €25,508 | €6,847 | €33,579 | ▲ 390% |
| Other amounts payable47/48 | - | €2.0m | €2.3m | €2.4m | €1.3m | ▼ 45.3% |
| Accrued charges and deferred income492/3 | - | €604 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3.0m | €3.2m | €1.9m | €3.8m | €3.7m | ▼ 3.6% |
| Operating cash flow (approximation) | €3.0m | €3.2m | €1.9m | €3.8m | €3.7m | ▼ 3.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1.7m | -€121,256 | ▲ 93.0% |
| Change in cash | - | €818,173 | €693,998 | -€2.4m | -€150,470 | ▲ 93.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
10-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
31-03
Financial
Equity above €10mEq €11.5m ▲25.6%
7 profitable years in a row build equity to €11.5m.
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
31-03
Financial
Highest result since 2019net €3.8m ▲100%
Net result €3.8m, the highest in the series.
2023
14-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
31-03
Financial
Weakest financial yearnet €1.9m ▼40.4%
Net result drops to €1.9m, the lowest in the series; recovery starts the following year.
2022
19-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
15-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
21-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
31-03
Financial
Equity above €5mEq €5.9m ▲24.6%
2 profitable years in a row build equity to €5.9m.
2019
08-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
05-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 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, Liège · 1 establishment unit since 2008
Ground area
1.3 ha
Building footprint
531 m²
Volume, LiDAR
2,157 m³
Parcel 62078A0150/00A003, Wallonia · tallest building 6.1 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
MDB PLUS sprl
since 20082.171.155.948
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62078A0150/00A003 | Wallonia | 1.3 ha | 1 · 531 m² | 6.1 m · 1 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.
Structure & network
Owners and holdings
5 owners · 5 holdings · 6 subsidiaries in the treeOwners 5
- Sourceaccounts SOPAM 202532.27%
- Sourceaccounts PIN 30-04-202527.7%
-
15%
- Sourceaccounts ECO6 202410%
-
10%
Holdings 5
-
100%
-
100%
- Metal Deploye BelgesubsidiaryEquity €8.3mResult €1.9m100%
- Equity €1.4mResult €381,230100%
-
100%
All subsidiaries, including indirect ones 6
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- EFP SALU 100%
- MDB CZCZ 100%
- Metal Deploye Belge 100%
Moyens Industriels pour le Contrôle de l'Environnement 100%1 subsidiary
- MICE SASFR 100%
- STEEL & STYLELU 100%
According to the annual accounts to 31-03-2025 of MDB Plus and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
699400LBYP37YKIHCA89
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 6,150 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-06-2008
Fiscal year end31-03
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0898282554
Also
9925:BE0898282554
Registered
01-01-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.