MDB SERVICES
ActiveSummary
MDB SERVICES has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €192,291 and a net result of €17,065. Equity is growing by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 28% of 7930 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability58▼-23
Solvency51▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity tight (current ratio 1.45 against 1.58 in 2024; short-term debt: 18% and cash: 10% of total assets), and 74% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
26%
Return on assets
2.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
on the day
2023
25 d late
2022
11 d early
2021
31 d late
2020
31 d late
2019
92 d late
← 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 28 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€17,065▼ 79.5%
2024 · €83,406
Working capital
€59,784▼ 30.2%
2024 · €85,671
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€27,155▲ 141%€126,987▲ 368%€54,413▼ 57.2%€128,733▲ 137%€41,992▼ 67.4%
Net result€12,407within the sector's middle half▲ 26,119%€83,493within the sector's middle half▲ 573%€34,336within the sector's middle half▼ 58.9%€83,406within the sector's middle half▲ 143%€17,065within the sector's middle half▼ 79.5%
Equity€99,391within the sector's middle half▼ 25.2%€117,984within the sector's middle half▲ 18.7%€123,820within the sector's middle half▲ 4.9%€189,226within the sector's middle half▲ 52.8%€192,291within the sector's middle half▲ 1.6%
Total assets€522,339within the sector's middle half▼ 3.1%€572,132within the sector's middle half▲ 9.5%€762,632within the sector's middle half▲ 33.3%€826,721within the sector's middle half▲ 8.4%€740,239within the sector's middle half▼ 10.5%
Debt€422,948▲ 4.2%€454,147▲ 7.4%€638,811▲ 40.7%€637,495▼ 0.2%€547,948▼ 14.0%
Working capital€102,664within the sector's middle half▼ 28.8%€108,678within the sector's middle half▲ 5.9%€93,774within the sector's middle half▼ 13.7%€85,671within the sector's middle half▼ 8.6%€59,784within the sector's middle half▼ 30.2%
Solvency19.0%below the sector's middle half▼ 5.6pp20.6%below the sector's middle half▲ 1.6pp16.2%below the sector's middle half▼ 4.4pp22.9%within the sector's middle half▲ 6.7pp26.0%within the sector's middle half▲ 3.1pp
Current ratio1.70within the sector's middle half▼ 0.631.52within the sector's middle half▼ 0.181.79within the sector's middle half▲ 0.271.58within the sector's middle half▼ 0.211.45within the sector's middle half▼ 0.13
Return on assets (ROA)2.4%within the sector's middle half▲ 2.4pp14.6%above the sector's middle half▲ 12.2pp4.5%within the sector's middle half▼ 10.1pp10.1%within the sector's middle half▲ 5.6pp2.3%within the sector's middle half▼ 7.8pp
Staff (FTE)7.4within the sector's middle half▼ 1.3%5within the sector's middle half▼ 32.4%6.2within the sector's middle half▲ 24.0%6within the sector's middle half▼ 3.2%5.8within the sector's middle half▼ 3.3%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 67% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €740,239
Fixed assets
€546,863 ▼ 7.8%
Current assets
€193,376 ▼ 17.3%
Equity and liabilities €740,239
Equity
€192,291 ▲ 1.6%
Debt
€547,948 ▼ 14.0%
Debt's share of the balance-sheet total falls from 77.1% to 74.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€90,399▼
2024 · €173,043
Cash flow
€65,472▼
2024 · €127,716
Quick ratio
1.19▼
2024 · 1.34
Debt to equity
2.85▼
2024 · 3.37
ROE
8.9%▼
2024 · 44.1%
Interest coverage
4.34▼
2024 · 7.61
Debt ≤ 1 year
€133,592▼
2024 · €148,160
Debt > 1 year
€414,356▼
2024 · €478,441
Income taxes
€7,477▼
2024 · €29,161
Staff costs
€342,824▲
2024 · €290,552
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,504 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.2%
went bankrupt
1.6%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% 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 497,662 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% | 1.7% |
| 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 75% 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 4,504 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €297,238 | €233,786 | €251,351 | €290,552 | €342,824 | ▲ 18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,703 | €28,725 | €38,204 | €44,311 | €48,407 | ▲ 9.2% |
| Other operating charges640/8 | €3,496 | €7,135 | €3,200 | €1,958 | €3,368 | ▲ 72.0% |
| Gross operating margin9900 | €361,592 | €396,633 | €347,168 | €465,554 | €436,590 | ▼ 6.2% |
| Operating profit (loss)9901 | €27,155 | €126,987 | €54,413 | €128,733 | €41,992 | ▼ 67.4% |
| Financial income75/76B | €813 | €1,344 | €518 | €6,563 | €3,393 | ▼ 48.3% |
| Recurring financial income75 | €813 | €1,344 | €518 | €6,563 | €3,393 | ▼ 48.3% |
| Financial charges65/66B | €10,609 | €9,271 | €13,147 | €22,730 | €20,843 | ▼ 8.3% |
| Recurring financial charges65 | €10,609 | €9,271 | €13,147 | €22,730 | €20,843 | ▼ 8.3% |
| Profit (loss) for the period before taxes9903 | €17,359 | €119,060 | €41,785 | €112,566 | €24,542 | ▼ 78.2% |
| Income taxes67/77 | €4,952 | €35,567 | €7,449 | €29,161 | €7,477 | ▼ 74.4% |
| Profit (loss) for the period9904 | €12,407 | €83,493 | €34,336 | €83,406 | €17,065 | ▼ 79.5% |
| Profit (loss) for the period to be appropriated9905 | €12,407 | €83,493 | €34,336 | €83,406 | €17,065 | ▼ 79.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €522,339 | €572,132 | €762,632 | €826,721 | €740,239 | ▼ 10.5% |
| Fixed assets21/28 | €272,454 | €254,492 | €549,847 | €592,890 | €546,863 | ▼ 7.8% |
| Intangible fixed assets21 | €1,157 | €723 | €289 | - | - | - |
| Tangible fixed assets22/27 | €270,576 | €253,048 | €548,887 | €592,219 | €546,193 | ▼ 7.8% |
| Land and buildings22 | €248,622 | €228,876 | €209,130 | €571,796 | €534,862 | ▼ 6.5% |
| Plant, machinery and equipment23 | €9,771 | €5,464 | €2,004 | €1,009 | €1,186 | ▲ 17.5% |
| Furniture and vehicles24 | €12,184 | €18,709 | €11,246 | €19,414 | €10,145 | ▼ 47.7% |
| Assets under construction and advance payments27 | - | - | €326,507 | - | - | - |
| Financial fixed assets28 | €720 | €720 | €670 | €670 | €670 | = |
| Current assets29/58 | €249,885 | €317,640 | €212,785 | €233,831 | €193,376 | ▼ 17.3% |
| Amounts receivable after more than one year29 | €1,350 | €1,150 | €1,150 | €900 | - | - |
| Other amounts receivable291 | €1,350 | €1,150 | €1,150 | €900 | - | - |
| Stocks and contracts in progress3 | €39,331 | €37,404 | €36,564 | €35,267 | €34,586 | ▼ 1.9% |
| Stocks30/36 | €39,331 | €37,404 | €36,564 | €35,267 | €34,586 | ▼ 1.9% |
| Amounts receivable within one year40/41 | €93,501 | €92,667 | €75,277 | €69,988 | €81,451 | ▲ 16.4% |
| Trade receivables40 | €17,389 | €23,996 | €14,164 | €26,789 | €10,276 | ▼ 61.6% |
| Other amounts receivable41 | €76,112 | €68,671 | €61,113 | €43,199 | €71,175 | ▲ 64.8% |
| Cash at bank and in hand54/58 | €104,800 | €181,800 | €94,679 | €123,388 | €74,134 | ▼ 39.9% |
| Deferred charges and accrued income490/1 | €10,903 | €4,618 | €5,114 | €4,287 | €3,205 | ▼ 25.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €522,339 | €572,132 | €762,632 | €826,721 | €740,239 | ▼ 10.5% |
| Equity10/15 | €99,391 | €117,984 | €123,820 | €189,226 | €192,291 | ▲ 1.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €78,931 | €97,524 | €103,360 | €168,766 | €171,831 | ▲ 1.8% |
| Amounts payable17/49 | €422,948 | €454,147 | €638,811 | €637,495 | €547,948 | ▼ 14.0% |
| Amounts payable after more than one year17 | €275,726 | €245,185 | €514,325 | €478,441 | €414,356 | ▼ 13.4% |
| Financial debts170/4 | €275,726 | €245,185 | €514,325 | €478,441 | €414,356 | ▼ 13.4% |
| Amounts payable within one year42/48 | €147,222 | €208,962 | €119,010 | €148,160 | €133,592 | ▼ 9.8% |
| Current portion of amounts payable after more than one year42 | €30,627 | €30,542 | €58,011 | €59,106 | €64,084 | ▲ 8.4% |
| Financial debts43 | €71 | €1,319 | €1,295 | €743 | €317 | ▼ 57.3% |
| Credit institutions430/8 | €71 | €1,319 | €1,295 | €743 | €317 | ▼ 57.3% |
| Trade debts44 | €22,383 | €84,352 | €11,439 | €42,209 | €19,197 | ▼ 54.5% |
| Suppliers440/4 | €22,383 | €84,352 | €11,439 | €42,209 | €19,197 | ▼ 54.5% |
| Advances received on contracts in progress46 | €35,658 | €8,441 | - | - | €3,536 | - |
| Taxes, remuneration and social security45 | €12,755 | €20,347 | €19,766 | €28,102 | €32,458 | ▲ 15.5% |
| Taxes450/3 | €5,317 | €7,558 | €1,998 | €9,161 | €9,220 | ▲ 0.6% |
| Remuneration and social security454/9 | €7,439 | €12,789 | €17,768 | €18,941 | €23,238 | ▲ 22.7% |
| Other amounts payable47/48 | €45,728 | €63,961 | €28,500 | €18,000 | €14,000 | ▼ 22.2% |
| Accrued charges and deferred income492/3 | - | - | €5,476 | €10,894 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,407 | €83,493 | €34,336 | €83,406 | €17,065 | ▼ 79.5% |
| + Depreciation and write-downs630 | €33,703 | €28,725 | €38,204 | €44,311 | €48,407 | ▲ 9.2% |
| Operating cash flow (approximation) | €46,110 | €112,218 | €72,540 | €127,716 | €65,472 | ▼ 48.7% |
| Investment in fixed assets (approximation) | - | -€10,763 | -€333,559 | -€87,354 | -€2,380 | ▲ 97.3% |
| Change in cash | - | €77,000 | -€87,121 | €28,709 | -€49,255 | ▼ 272% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €150,000Eq €189,226 ▲52.8%
5 profitable years in a row build equity to €189,226.
25-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 25 days late
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €83,493 ▲573%
Net result €83,493, the highest in the series.
31-12
Financial
Equity above €100,000Eq €117,984 ▲18.7%
3 profitable years in a row build equity to €117,984.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Back to profitnet €47
Net result €47 after one loss-making year.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 92 days late
2019
31-12
Financial
Weakest financial yearnet -€2,026
Net result drops to -€2,026, the lowest in the series; recovery starts the following year.
Show earlier events
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-04
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 4 acts read
About the unread acts
We know of 4 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
4 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, Ukkel · 1 establishment unit since 2008
Ground area
954 m²
Building footprint
451 m²
Volume, LiDAR
4,010 m³
2 parcels, Brussels, Flanders · tallest building 17.1 m, ±3 floors. Linked by address, not a title deed.
345
companies at this address
See who is registered here
1 establishment unit
Les Chauffagistes en Or
since 20082.173.692.893
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22003A0085/00V002 | Flanders | 607 m² | 1 · 122 m² | 11.2 m · 3 fl. |
| 21616A0121/00Y002 | Brussels | 347 m² | 1 · 329 m² | 17.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerChain of control
- Alliance Auto Consommation
- MDB SERVICES
Highest known parent: Alliance Auto Consommation. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
The accounts to 31-12-2025 list no holdings, and no other source names one.
According to the 2025 annual accounts of MDB SERVICES 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
Recognised contractor
3 categoriesMDB SERVICES SRL40293
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Of 9,536 companies in sector 43222 we hold annual accounts for 5,669. 4,845 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
Founded02-10-2008
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
Contact
E-mail
info@mdbservices.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0806777407
Registered
20-11-2020
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.