MDB Projects
ActiveSummary
MDB Projects has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €131k and a net result of €-10k. Equity is growing by ~21.5% per year across the filed fiscal years. Its solvency ranks better than 86% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability10▼-16
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 8.2 against 6.63 in 2024; short-term debt: 11.9% and cash: 6.6% of total assets), and 11.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
202122232425
2020 to 2025 · latest year €-10k
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 28-07-2026, 3 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
3 d early
2024
1 d late
2023
19 d late
2022
60 d late
2021
29 d late
2020
32 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€131k▼ 7.3%
2024 · €141k
2020: €30klowest in 6 years
2021: €57k▲ +87.5% vs 2020
2022: €117k▲ +105% vs 2021
2023: €145k▲ +23.4% vs 2022highest in 6 years
2024: €141k▼ -2.4% vs 2023
2025: €131k▼ -7.3% vs 2024
2020 → 2025
Total assets
€148k▼ 10.1%
2024 · €165k
2020: €50klowest in 6 years
2021: €87k▲ +74.1% vs 2020
2022: €197k▲ +126% vs 2021highest in 6 years
2023: €162k▼ -17.7% vs 2022
2024: €165k▲ +1.8% vs 2023
2025: €148k▼ -10.1% vs 2024
2020 → 2025
Net result
€-10k▼ 196%
2024 · €-4k
2020: €30k
2021: €27k▼ -12.2% vs 2020
2022: €75k▲ +180% vs 2021highest in 6 years
2023: €27k▼ -63.3% vs 2022
2024: €-4k▼ -113% vs 2023
2025: €-10k▼ -196% vs 2024lowest in 6 years
2020 → 2025
Working capital
€127k▼ 5.6%
2024 · €135k
2020: €28klowest in 6 years
2021: €51k▲ +82.0% vs 2020
2022: €107k▲ +111% vs 2021
2023: €135k▲ +25.8% vs 2022highest in 6 years
2024: €135k▼ -0.3% vs 2023
2025: €127k▼ -5.6% vs 2024
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€57k-€117k▲ 105%€145k▲ 23.4%€141k▼ 2.4%€131k▼ 7.3%
2021: €57klowest in 5 years
2022: €117k▲ +105% vs 2021
2023: €145k▲ +23.4% vs 2022highest in 5 years
2024: €141k▼ -2.4% vs 2023
2025: €131k▼ -7.3% vs 2024
Operating result€37k-€98k▲ 168%€39k▼ 60.1%€431▼ 98.9%€-7k
2021: €37k
2022: €98k▲ +168% vs 2021highest in 5 years
2023: €39k▼ -60.1% vs 2022
2024: €431▼ -98.9% vs 2023
2025: €-7k▼ -1751% vs 2024lowest in 5 years
Net result€27k-€75k▲ 180%€27k▼ 63.3%€-4k€-10k▼ 196%
2021: €27k
2022: €75k▲ +180% vs 2021highest in 5 years
2023: €27k▼ -63.3% vs 2022
2024: €-4k▼ -113% vs 2023
2025: €-10k▼ -196% vs 2024lowest in 5 years
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 2025: a loss of €7k after €431 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €148k
Fixed assets
€4k ▼ 42.1%
Current assets
€145k ▼ 8.7%
Equity and liabilities €148k
Equity
€131k ▼ 7.3%
Debt
€18k ▼ 26.2%
Debt's share of the balance-sheet total falls from 14.5% to 11.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-4k▼
2024 · €3k
Cash flow
€-8k▼
2024 · €-452
Current ratio
8.20▲
2024 · 6.63
Debt to equity
0.13▼
2024 · 0.17
ROE
-7.9%▼
2024 · -2.5%
ROA
-7.0%▼
2024 · -2.1%
Interest coverage
-1.85▼
2024 · 1.19
Debt ≤ 1 year
€18k▼
2024 · €24k
Income taxes
€929▼
2024 · €2k
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 · 2025 against 2024 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€165k€148k▼
Fixed assets21/28€7k€4k▼
Tangible fixed assets22/27€7k€4k▼
Furniture and vehicles24€5k€3k▼
Other tangible fixed assets26€2k€1k▼
Current assets29/58€159k€145k▼
Amounts receivable within one year40/41€119k€108k▼
Trade receivables40€11k€8k▼
Other amounts receivable41€108k€100k▼
Current investments50/53€27k€27k=
Cash at bank and in hand54/58€13k€10k▼
Equity and liabilities
Total equity and liabilities10/49€165k€148k▼
Equity10/15€141k€131k▼
Contributions10/11€100€100=
Reserves13€141k€131k▼
Distributable reserves133€141k€131k▼
Amounts payable17/49€24k€18k▼
Amounts payable within one year42/48€24k€18k▼
Trade debts44€693€2k▲
Suppliers440/4€693€2k▲
Taxes, remuneration and social security45€6k€8k▲
Taxes450/3€6k€8k▲
Other amounts payable47/48€17k€7k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▼
Other operating charges640/8€868€2k▲
Gross operating margin9900€4k€-2k▼
Operating profit (loss)9901€431€-7k▼
Financial income75/76B€1k€0▼
Recurring financial income75€1k€0▼
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€-1k€-9k▼
Income taxes67/77€2k€929▼
Profit (loss) for the period9904€-4k€-10k▼
Profit (loss) for the period to be appropriated9905€-4k€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-4k€-10k▼
Transfer from equity791/2€4k€10k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €708 | €2k | €3k | €3k | €3k | ▼ 8.6% |
| Other operating charges640/8 | €683 | €2k | €900 | €868 | €2k | ▲ 130% |
| Gross operating margin9900 | €38k | €101k | €43k | €4k | €-2k | ▼ 153% |
| Operating profit (loss)9901 | €37k | €98k | €39k | €431 | €-7k | ▼ 1,751% |
| Financial income75/76B | €2k | €1k | €1k | €1k | €0 | ▼ 100% |
| Recurring financial income75 | €2k | €1k | €1k | €1k | €0 | ▼ 100% |
| Financial charges65/66B | €748 | €2k | €2k | €3k | €2k | ▼ 20.1% |
| Recurring financial charges65 | €748 | €2k | €2k | €3k | €2k | ▼ 20.1% |
| Profit (loss) for the period before taxes9903 | €38k | €97k | €38k | €-1k | €-9k | ▼ 792% |
| Income taxes67/77 | €12k | €23k | €11k | €2k | €929 | ▼ 62.0% |
| Profit (loss) for the period9904 | €27k | €75k | €27k | €-4k | €-10k | ▼ 196% |
| Profit (loss) for the period to be appropriated9905 | €27k | €75k | €27k | €-4k | €-10k | ▼ 196% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €87k | €197k | €162k | €165k | €148k | ▼ 10.1% |
| Fixed assets21/28 | €6k | €10k | €10k | €7k | €4k | ▼ 42.1% |
| Tangible fixed assets22/27 | €6k | €10k | €10k | €7k | €4k | ▼ 42.1% |
| Furniture and vehicles24 | €6k | €10k | €7k | €5k | €3k | ▼ 45.8% |
| Other tangible fixed assets26 | - | - | €2k | €2k | €1k | ▼ 31.6% |
| Current assets29/58 | €81k | €187k | €153k | €159k | €145k | ▼ 8.7% |
| Amounts receivable within one year40/41 | €37k | €107k | €116k | €119k | €108k | ▼ 8.9% |
| Trade receivables40 | - | €7k | €7k | €11k | €8k | ▼ 26.7% |
| Other amounts receivable41 | €37k | €100k | €109k | €108k | €100k | ▼ 7.0% |
| Current investments50/53 | - | - | €27k | €27k | €27k | = |
| Cash at bank and in hand54/58 | €44k | €80k | €10k | €13k | €10k | ▼ 25.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €87k | €197k | €162k | €165k | €148k | ▼ 10.1% |
| Equity10/15 | €57k | €117k | €145k | €141k | €131k | ▼ 7.3% |
| Contributions10/11 | €100 | €100 | €100 | €100 | €100 | = |
| Reserves13 | €57k | €117k | €145k | €141k | €131k | ▼ 7.4% |
| Distributable reserves133 | €57k | €117k | €145k | €141k | €131k | ▼ 7.4% |
| Amounts payable17/49 | €30k | €80k | €17k | €24k | €18k | ▼ 26.2% |
| Amounts payable within one year42/48 | €30k | €80k | €17k | €24k | €18k | ▼ 26.2% |
| Trade debts44 | €11k | €16k | €129 | €693 | €2k | ▲ 222% |
| Suppliers440/4 | €11k | €16k | €129 | €693 | €2k | ▲ 222% |
| Taxes, remuneration and social security45 | €19k | €37k | €5k | €6k | €8k | ▲ 38.4% |
| Taxes450/3 | €19k | €37k | €5k | €6k | €8k | ▲ 38.4% |
| Other amounts payable47/48 | - | €26k | €12k | €17k | €7k | ▼ 57.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27k | €75k | €27k | €-4k | €-10k | ▼ 196% |
| + Depreciation and write-downs630 | €708 | €2k | €3k | €3k | €3k | ▼ 8.6% |
| Operating cash flow (approximation) | €27k | €76k | €30k | €-452 | €-8k | ▼ 1,579% |
| Investment in fixed assets (approximation) | - | €-5k | €-3k | €0 | €0 | - |
| Change in cash | - | €37k | €-71k | €3k | €-3k | ▼ 196% |
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
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series.
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 1 day late
2024
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 19 days late
2023
31-12
Financial
Liquidity quadruplescurrent ratio 8.73
Current ratio from 2.35 to 8.73; short-term debt falls from €80k to €17k.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-12
Financial
Highest result since 2020net €75k ▲180%
Operating result €98k, net result €75k, both a record.
31-12
Financial
Equity above €100kEq €117k ▲105%
3 profitable years in a row build equity to €117k.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Kontich · 1 establishment unit since 2020
Ground area
183 m²
Building footprint
84 m²
Volume, LiDAR
577 m³
Parcel 11024F0136/00X000, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MDB Projects
since 20202.304.401.482
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11024F0136/00X000 | Flanders | 183 m² | 1 · 83 m² | 10.3 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.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 40,869 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
Founded03-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
E-mail
matteodebacker@hotmail.com
Phone
0485514370
Scores and ratios are computed by Checked and are not a credit decision.