Equity
MDCOM paid out €3,811 in dividends. That is 115% of the 2025 profit.
MDCOM paid out €3,811 in dividends. That is 115% of the 2025 profit.
The micro format states no turnover.
Green is investment, beige is depreciation.
The dashed line is the sector median: 0.7% across 47,695 companies (NACE 43, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 59% of them on solvency, 76% on liquidity, 27% on profitability and 32% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 34,693 companies had the same profile as MDCOM has now. Each dot stands for 87 companies, two years later.
That fits the bankruptcy probability of MDCOM itself: 0.2% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for MDCOM. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 1.79 (1.24 in 2024), above the usual 1.5. Short-term debt is 45.7% and cash 52.1% of total assets. 45.7% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 4 accounts on average 18 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| MDCOM Pelt | €60,602 | €23,682 | 54.3% | - |
| VR-Management Kalmthout | €60,520 | €21,315 | 64.6% | - |
| EDI CONSTRUCT Anderlecht | €65,104 | €27,830 | 65.3% | - |
| ELECTRICITE MICHEL LOBET Marche-en-Famenne | €66,485 | €20,427 | 36.3% | - |
| MIGNON Sébastien & Fils SRL Libramont-Chevigny | €64,015 | €25,196 | -60.7% | - |
| G.I.E. GLOBAL PROTECTION Grâce-Hollogne | €60,086 | €22,676 | 54.4% | - |
| TECHNO-WEST Waregem | €69,504 | €24,631 | 77.1% | - |
These companies have the same main activity as MDCOM: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €60,100 and €69,500, founded between 2009 and 2014.
MDCOM files the micro format. That format states no turnover. The gross margin rose from €13,563 in 2022 to €23,682 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
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 ≈ €200,000. Estimated: probably between €130,000 and €410,000.
Higher than 59% of 35,060 companies in 2025.
Higher than 49% of 34,437 companies in 2025.
Higher than 45% of 34,637 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
60,602 | 65,475 | 70,317 | 46,499 | |
21/28 |
10,954 | 28,485 | 38,370 | 14,068 | |
22/27 |
10,954 | 28,485 | 38,370 | 14,068 | |
23 |
3,149 | - | - | - | |
24 |
2,784 | 22,416 | 31,252 | 5,902 | |
26 |
5,020 | 6,069 | 7,118 | 8,167 | |
29/58 |
49,649 | 36,990 | 31,946 | 32,431 | |
40/41 |
15,700 | 11,102 | 21,780 | 12,370 | |
40 |
14,006 | 10,164 | 21,780 | 12,370 | |
41 |
1,694 | 938 | - | 0 | |
54/58 |
31,552 | 25,888 | 10,166 | 18,616 | |
490/1 |
2,397 | - | 0 | 1,445 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
60,602 | 65,475 | 70,317 | 46,499 | |
10/15 |
32,925 | 33,429 | 28,231 | 28,641 | |
10/11 |
5,500 | 5,500 | 5,500 | 5,500 | |
13 |
27,425 | 27,929 | 22,731 | 23,141 | |
133 |
27,425 | 27,929 | 22,731 | 23,141 | |
14 |
0 | - | - | - | |
17/49 |
27,677 | 32,046 | 42,086 | 17,858 | |
17 |
0 | 2,326 | 11,332 | - | |
170/4 |
0 | 2,326 | 11,332 | - | |
42/48 |
27,677 | 29,721 | 30,754 | 17,678 | |
42 |
0 | 9,006 | 8,547 | - | |
44 |
5,653 | 1,283 | 1,578 | 2,708 | |
440/4 |
5,653 | 1,283 | 1,578 | 2,708 | |
45 |
22,024 | 15,412 | 14,018 | 5,500 | |
450/3 |
18,424 | 11,812 | 10,418 | 5,500 | |
454/9 |
3,600 | 3,600 | 3,600 | - | |
47/48 |
0 | 4,020 | 6,610 | 9,470 | |
492/3 |
- | - | 0 | 180 | |
| Income statement | |||||
9900 |
23,682 | 23,056 | 15,709 | 13,563 | |
630 |
2,907 | 9,885 | 9,508 | 3,519 | |
640/8 |
1,208 | 1,717 | 3,136 | 2,079 | |
66A |
11,535 | - | - | 62 | |
9901 |
8,031 | 11,454 | 3,066 | 7,903 | |
75/76B |
0 | 0 | 10 | - | |
75 |
0 | 0 | 10 | - | |
65/66B |
2,984 | 1,981 | 1,984 | 118 | |
65 |
2,984 | 1,981 | 1,984 | 118 | |
9903 |
5,047 | 9,472 | 1,092 | 7,786 | |
67/77 |
1,740 | 4,274 | 1,502 | 915 | |
9904 |
3,307 | 5,198 | -410 | 6,871 | |
9905 |
3,307 | 5,198 | -410 | 6,871 | |
| Appropriation of the result | |||||
9906 |
3,307 | 5,198 | -410 | 6,871 | |
791/2 |
3,811 | 0 | 410 | 0 | |
691/2 |
3,307 | 5,198 | 0 | 6,871 | |
6921 |
3,307 | 5,198 | 0 | 6,871 | |
694/7 |
3,811 | - | - | - | |
694 |
3,811 | - | - | - | |
| Document | |||||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 01-06-2026.
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €103 | €103 |
| 2024 | 1 | €36 | €36 |
| 2023 | 1 | €32 | €32 |
| 2022 | 1 | €390 | €390 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 10,938 | 21,339 | 12,574 | 11,422 | ||
| 6,214 | 15,083 | 9,098 | 10,390 | ||
| 6,699 | 0 | 33,810 | 8,124 | ||
| 5,664 | 15,722 | -8,450 | - | ||
| 21,972 | 7,270 | 1,193 | 14,752 | ||
| 54.3% | 51.1% | 40.1% | 61.6% | ||
| 1.79 | 1.24 | 1.04 | 1.83 | ||
| 0.84 | 0.96 | 1.49 | 0.62 | ||
| 10.0% | 15.5% | -1.5% | 24.0% | ||
| 5.5% | 7.9% | -0.6% | 14.8% | ||
| 3.67 | 10.77 | 6.34 | 97.18 |
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.
| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | €6,699 | - | €33,810 | €8,124 |
| €2,907 | €9,885 | €9,508 | €3,519 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 30% lower than in 2024.
Debt's share of the balance-sheet total falls from 48.9% to 45.7%. Equity and debt are lower.
MDCOM has no parent and no holdings in its annual accounts. MDCOM shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Atalantaweg 2 registered office 3900 Pelt 42990 Civil engineering | 01-04-2012 | 2.207.478.884 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 72029B0148/00X000 | 665 m² | 1 · 132 m² | 0.2 m |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0844.131.216
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