MDBE
ActiveSummary
MDBE has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €109,098 and a net result of €35,246. Equity is growing by ~47.4% per year across the filed fiscal years. Its solvency ranks better than 82% of 1203 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency100=
Growth78=
Track record94
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 4.49 against 3.75 in 2023; short-term debt: 19.6% and cash: 87.9% of total assets), and 19.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-06-2025, 43 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
43 d early
2023
29 d early
2022
16 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 29 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€35,246▲ 1.3%
2023 · €34,783
Working capital
€92,857▲ 63.3%
2023 · €56,850
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
Line202220232024
Operating result€18,898-€47,718▲ 153%€47,195▼ 1.1%
Net result€14,069-€34,783▲ 147%€35,246▲ 1.3%
Equity€39,069-€73,852▲ 89.0%€109,098▲ 47.7%
Total assets€47,678-€94,490▲ 98.2%€135,738▲ 43.7%
Debt€8,608-€20,638▲ 140%€26,641▲ 29.1%
Working capital€39,069-€56,850▲ 45.5%€92,857▲ 63.3%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 1% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €135,738
Fixed assets
€16,241 ▼ 4.5%
Current assets
€119,497 ▲ 54.2%
Equity and liabilities €135,738
Equity
€109,098 ▲ 47.7%
Debt
€26,641 ▲ 29.1%
Debt's share of the balance-sheet total falls from 21.8% to 19.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€47,956▼
2023 · €48,014
Cash flow
€36,007▲
2023 · €35,079
Current ratio
4.49▲
2023 · 3.75
Debt to equity
0.24▼
2023 · 0.28
ROE
32.3%▼
2023 · 47.1%
ROA
26.0%▼
2023 · 36.8%
Interest coverage
432.04▼
2023 · 470.72
Debt ≤ 1 year
€26,641▲
2023 · €20,638
Income taxes
€11,838▼
2023 · €11,980
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €296 | €761 | ▲ 157% |
| Other operating charges640/8 | - | €720 | €811 | ▲ 12.6% |
| Gross operating margin9900 | €18,898 | €48,734 | €48,767 | ▲ 0.1% |
| Operating profit (loss)9901 | €18,898 | €47,718 | €47,195 | ▼ 1.1% |
| Financial charges65/66B | €74 | €955 | €111 | ▼ 88.4% |
| Recurring financial charges65 | €74 | €102 | €111 | ▲ 8.8% |
| Non-recurring financial charges66B | - | €853 | - | - |
| Profit (loss) for the period before taxes9903 | €18,824 | €46,763 | €47,084 | ▲ 0.7% |
| Income taxes67/77 | €4,755 | €11,980 | €11,838 | ▼ 1.2% |
| Profit (loss) for the period9904 | €14,069 | €34,783 | €35,246 | ▲ 1.3% |
| Profit (loss) for the period to be appropriated9905 | €14,069 | €34,783 | €35,246 | ▲ 1.3% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €47,678 | €94,490 | €135,738 | ▲ 43.7% |
| Fixed assets21/28 | - | €17,002 | €16,241 | ▼ 4.5% |
| Tangible fixed assets22/27 | - | €17,002 | €16,241 | ▼ 4.5% |
| Land and buildings22 | - | €16,296 | €15,831 | ▼ 2.9% |
| Furniture and vehicles24 | - | €706 | €410 | ▼ 42.0% |
| Current assets29/58 | €47,678 | €77,488 | €119,497 | ▲ 54.2% |
| Amounts receivable within one year40/41 | €2,087 | €6,331 | €190 | ▼ 97.0% |
| Trade receivables40 | €2,087 | €6,329 | €170 | ▼ 97.3% |
| Other amounts receivable41 | - | €2 | €20 | ▲ 797% |
| Cash at bank and in hand54/58 | €45,479 | €71,157 | €119,308 | ▲ 67.7% |
| Deferred charges and accrued income490/1 | €111 | - | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €47,678 | €94,490 | €135,738 | ▲ 43.7% |
| Equity10/15 | €39,069 | €73,852 | €109,098 | ▲ 47.7% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | = |
| Profit (loss) carried forward14 | €14,069 | €48,852 | €84,098 | ▲ 72.1% |
| Amounts payable17/49 | €8,608 | €20,638 | €26,641 | ▲ 29.1% |
| Amounts payable within one year42/48 | €8,608 | €20,638 | €26,641 | ▲ 29.1% |
| Trade debts44 | €219 | €2,434 | €903 | ▼ 62.9% |
| Suppliers440/4 | €219 | €2,434 | €903 | ▼ 62.9% |
| Taxes, remuneration and social security45 | €8,389 | €18,203 | €25,737 | ▲ 41.4% |
| Taxes450/3 | €8,389 | €18,203 | €25,737 | ▲ 41.4% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,069 | €34,783 | €35,246 | ▲ 1.3% |
| + Depreciation and write-downs630 | - | €296 | €761 | ▲ 157% |
| Operating cash flow (approximation) | €14,069 | €35,079 | €36,007 | ▲ 2.6% |
| Investment in fixed assets (approximation) | - | - | €0 | - |
| Change in cash | - | €25,678 | €48,151 | ▲ 87.5% |
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
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2022net €35,246 ▲1.3%
Net result €35,246, the highest in the series.
31-12
Financial
Equity above €100,000Eq €109,098 ▲47.7%
3 profitable years in a row build equity to €109,098.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
15-07
NBB filing
Annual accounts filed
fiscal year 2022 · full 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, Waterloo · 1 establishment unit since 2021
Ground area
1.0 ha
Building footprint
1,772 m²
Volume, LiDAR
33,713 m³
Parcel 25763M0621/00F000, Wallonia · tallest building 22.9 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
MDBE
since 20212.318.126.388
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25763M0621/00F000indicative | Wallonia | 1.0 ha | 1 · 1,772 m² | 22.9 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
0 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 11,219 companies in sector 82100 we hold annual accounts for 3,509. 2,608 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
Founded20-04-2021
Fiscal year end31-12
Activities, NACEBEL 2025
82100Office administrative and support services
52250Logistics services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0766945544
Also
9925:BE0766945544
Registered
22-01-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.