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MDB Projects

Active Private limited companyfounded 2012active for 14 yearsNieuwstraat 111, 3140 KeerbergenKBO/BCE: BE 0500.794.865
MDB Projects
Financial year 2025
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Annual accounts 2025

micro format, filed on 17-06-2026, 44 days before the deadline
€35,044
▼ 31.1%
€23,975
▼ 37.8%
€18,105
▼ 37.7%
€73,700
▼ 46.4%
44.9%
▼ 33.8 percentage points
1.72
▼ 2.56

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €120,000. Estimated: probably between €95,000 and €160,000.

Balance sheet

balance sheet total €184,730 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

44.9%

Higher than 37% of 21,208 companies in 2025.

1.72

Higher than 37% of 20,571 companies in 2025.

9.8%

Higher than 35% of 20,746 companies in 2025.

MDB Projects Middle half of the sector 80% of the sector Micro accounts in computer programming and consultancy (NACE 62)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201820172016201520142013
Balance sheet: assets
20/58 184,730196,720204,652193,415179,604175,700130,774100,65473,872128,88496,28789,40950,489
21/28 9,27417,47620,95229,00424,15313,9107,9755,8824,7794,0555,1025,270-
22/27 9,27417,47620,95229,00424,15313,9107,9755,8824,7794,0555,1025,270-
23 2,8273,6633,6674,2563,3314,8043,1301,1922,2231,0731,6941,436-
24 2,5453,6131,9022,4696401,2801,9202,561-----
26 3,90210,20015,38322,28020,1827,8262,9242,1302,5562,9823,4083,834-
29/58 175,456179,244183,700164,411155,452161,790122,79994,77169,093124,82991,18584,13950,489
29 71,05071,05071,05071,05071,05070,000-------
291 71,05071,05071,05071,05071,05070,000-------
40/41 56,15439,09843,12236,29701,05057,40020,41528,89178,49147,75042,56028,232
40 57-----01,40415,44024,76413,97612,41514,533
41 56,09639,09843,12236,29701,05057,40019,01113,45153,72633,77430,14513,699
54/58 47,36068,25469,52857,06483,63190,74064,89973,85639,03445,83943,43640,50321,757
490/1 892842-077105005001,168500-1,076500
Balance sheet: equity and liabilities
10/49 184,730196,720204,652193,415179,604175,700130,774100,65473,872128,88496,28789,40950,489
10/15 82,973154,914193,079183,212157,531152,541118,64484,99851,42532,26377,31957,93331,677
10/11 6,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,200
100 ------18,60018,60018,60018,60018,60018,60018,600
101 ------12,40012,40012,40012,40012,40012,40012,400
13 76,773148,714186,879177,012151,331146,341112,44478,79845,22526,06371,11951,73325,477
130/1 --05865861,860-----25,670-
130 ------1,8601,8601,8601,8601,8601,8601,274
1311 --05865861,860-------
1319 -----------25,670-
133 76,773148,714186,879176,426150,745144,481110,58476,93843,36524,20369,25924,20324,203
14 00000--------
17/49 101,75641,80611,57310,20322,07323,15812,13015,65622,44796,62018,96931,47518,812
42/48 101,75641,80611,57310,20322,07323,15812,13014,85322,44796,20318,67931,19017,275
43 57------------
430/8 57------------
44 3,3921,9651,9532,9091,747346537772412175553243-
440/4 3,3921,9651,9532,9091,747346537772412175553243-
45 8,2626,1969,6217,29410,34815,89211,59414,08122,03525,84618,12630,94717,275
450/3 8,2626,1969,6217,29410,34815,89211,59414,08022,03525,84618,12630,94715,506
454/9 ------01----1,769
47/48 90,04633,646-09,9786,920---70,181---
492/3 ------0803-4182902851,537
Income statement
9900 35,04450,88450,62344,47349,98152,54150,61850,71532,95039,71834,82742,32339,750
62 2501,5501,459250250250250250250250---
630 9,1598,8458,8588,4566,1252,5362,7602,0971,8871,3751,4591,028921
640/8 1,6601,9541,3971,2641,2781,1801,1731,1161,6791,1611,1508011,090
66A -----0695--290---
9901 23,97538,53438,90834,50342,32848,57645,74047,25229,13336,64332,21940,49337,739
75/76B 3,5873,4573,1401,9671,05002,8911,2502,6393,7702,5131,945593
75 3,5873,4573,1401,9671,05002,8911,2502,6393,7702,5131,945593
65/66B 3264356267337004384626515953755417791,204
65 3264356267337004384626515953755417791,204
9903 27,23641,55641,42235,73742,67848,13848,16947,85031,17840,03834,19141,66037,128
67/77 9,13112,50212,39410,05612,21114,24114,52314,27712,01714,91214,80515,40311,651
9904 18,10529,05429,02825,68130,46733,89833,64633,57319,16125,12619,38526,25625,477
9905 18,10529,05429,02825,68130,46733,89833,64633,57319,16125,12619,38526,25625,477
Appropriation of the result
9906 18,10529,05429,02825,68130,46733,89833,64633,57319,16125,12619,38526,25625,477
791/2 90,04667,21919,161025,477----45,055---
691/2 18,10529,05429,02825,68130,46733,89833,64633,57319,161-19,38526,25625,477
6920 -----------5861,274
6921 18,10529,05429,02825,68130,46733,89833,64633,57319,161-19,38525,67024,203
694/7 90,04667,21919,161025,477----70,181---
694 90,04667,21919,161025,477----70,181---
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 17-06-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 17-06-2026 2026-00167709 PDF
31-12-2024 micro format 11-04-2025 2025-00067688 PDF
31-12-2023 micro format 04-07-2024 2024-00207046 PDF
31-12-2022 micro format 30-06-2023 2023-00210736 PDF
31-12-2021 micro format 25-05-2022 2022-20034534 PDF
31-12-2020 micro format 28-06-2021 2021-29000566 PDF
31-12-2019 micro format 29-05-2020 2020-14100497 PDF
31-12-2018 micro format 04-06-2019 2019-16100541 PDF
31-12-2017 micro format 04-06-2018 2018-16200469 PDF
31-12-2016 micro format 08-08-2017 2017-42600489 PDF
31-12-2015 abbreviated format 29-06-2016 2016-25300372 PDF
31-12-2014 abbreviated format 08-06-2015 2015-15800591 PDF
31-12-2013 abbreviated format 16-06-2014 2014-18300458 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016201520142013
33,13447,38047,76642,95948,45351,11248,50049,34931,02138,01733,67841,52238,660
27,26437,89937,88634,13736,59236,43336,40635,67021,04926,50120,84427,28526,398
9565,36980713,30716,3688,4705,5483,2012,6116171,2916,298921
-20,893-1,27512,464-26,566-7,10925,841-8,95734,822-6,8052,4032,93218,746-
73,700137,437172,127154,208133,378138,632110,66979,91946,64628,62772,50652,94933,214
44.9%78.7%94.3%94.7%87.7%86.8%90.7%84.4%69.6%25.0%80.3%64.8%62.7%
1.724.2915.8716.117.046.9910.126.383.081.304.882.702.92
1.230.270.060.060.140.150.100.180.442.990.250.540.59
21.8%18.8%15.0%14.0%19.3%22.2%28.4%39.5%37.3%77.9%25.1%45.3%80.4%
9.8%14.8%14.2%13.3%17.0%19.3%25.7%33.4%25.9%19.5%20.1%29.4%50.5%
over 100over 10076.3558.5769.21--------

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€956€5,369€807€13,307€16,368
€9,159€8,845€8,858€8,456€6,125

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on MDB Projects

The operating result for 2025 is 38% lower than in 2024 and the lowest since 2013. It is the second fall in a row.

Debt's share of the balance-sheet total rises from 21.3% to 55.1%. Equity is lower and debt is higher.

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