Turnover
≈ €150,000 estimated
The micro format states no turnover.
MDESIGNPROJECTS
Lifetime
15 annual accounts with figures on one time axispeak €80,443 (2012)
€51,293▲ 996%
lowest -€45,627 (2022)
€23,150▲ €45,503
peak €64,921 (2018)
€41,923▲ 121%
€215,008▲ 5.2%
Board1 name since 2013
-
Documentsfilings and deeds
29-10-20262 days before the deadline
2026micro format
Gross margin from €4,680 to €51,293Back to profit: €23,150Equity from €18,980 to €41,923
Key points
from the 2026 annual accountsChecked score
69
Healthy
Financially stronger than 53% of micro companies in furniture (NACE 31)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 829 companies (NACE 31, micro).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.4%● unchanged vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025lowest value
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 1.6%▲ +1.2 percentage points vs 10-2025highest value
12-2025: 1.6%● unchanged vs 11-2025
01-2026: 1.6%● unchanged vs 12-2025
02-2026: 1.6%● unchanged vs 01-2026
03-2026: 1.6%● unchanged vs 02-2026
04-2026: 1.6%● unchanged vs 03-2026
05-2026: 1.6%● unchanged vs 04-2026
06-2026: 1.6%● unchanged vs 05-2026
07-2026: 1.6%● unchanged vs 06-2026
08-2026: 1.5%▼ -0.1 percentage points vs 07-2026
09-2026: 1.4%▼ -0.1 percentage points vs 08-2026
10-2026: 0.8%▼ -0.6 percentage points vs 09-2026
11-2026: 0.8%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.45
Sector: Manufacture of furniture (NACE 31)
lowers risk
Founded in 2010
Size: total assets €256,931
Calculation
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 31, micro). It does better than 29% of them on solvency, 17% on liquidity, 72% on profitability and 95% on growth.
The bankruptcy probability was computed on 10-11-2026 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 31-03-2026.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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).
Comparable companies, two years later
In July 2024, 5,053 companies had the same profile as MDESIGNPROJECTS has now. Each dot stands for 13 companies, two years later.
95.9%
were still trading
2.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MDESIGNPROJECTS itself: 0.8% within 12 months.
Test of the method
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 5,053 companies, not a prediction for MDESIGNPROJECTS. 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.
Credit verdict
Credit of up to €2,500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.45 (0.22 in 2025), below 1. Short-term debt is 71.6% of total assets. 83.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 29-10-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
2 days early
2025
8 days early
2024
7 days early
2023
7 days early
2022
17 days early
2021
2 days early
2020
30 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 2 days before the deadline. In the sector (NACE 31), the median for financial year 2024 was 7 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 24 October (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-03-2027 year end31-10-2027 deadline
Board and ownership
last known board- DE VUYST Michaëldeed of 17-04-2024
- DE COSTER Véroniquedeed of 17-04-2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0827408812
Capital contribution of €120,000
Contributions: DE VUYST Michaël (€59,400); DE COSTER Véronique (€600) · Change of role: DE VUYST Michaël, from statutory manager to director · “Vervaardiging van kantoor-,winkel- en ateliermeubelen in alle mogelijke materialen; Het voorbereiden en houden…” (deed in Dutch) · General meeting of 20-03-2024 · Gazette deed
Incorporation
published on 13-07-2010 · Gazette deed
First establishment
MDESIGNPRJECTS, Hemelrijk 111, Ninove
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MDESIGNPROJECTS Ninove | €256,931 | €51,293 | 16.3% | - |
| AMMARAGGIO Olen | €274,042 | €51,248 | 31.5% | - |
| Master Construct Global Uccle | €229,484 | €34,885 | 78.0% | - |
| KWIZYNN Wingene | €194,107 | €47,363 | 59.5% | - |
| ALPA-DECOR Merchtem | €165,161 | €49,324 | 50.0% | - |
| GIKOU Anderlecht | €229,139 | €50,799 | 80.0% | - |
| LUTECH Awans | €163,200 | €42,556 | 87.2% | - |
These companies have the same main activity as MDESIGNPROJECTS: manufacture of furniture (NACE 31001). They are comparable in size and age: total assets between €163,000 and €274,000, founded between 2008 and 2014.
Official details
Source: KBO- Status
- Active since 01-07-2010Normal situation
- Activity
- Manufacture of furnitureNACE 31001and 2 others
- Establishment unit
- 2.189.742.1389402 Ninove, since 01-07-2010
- Financial year end
- 31 March
- Peppol
- Reachable since 18-06-2025
Annual accounts to 31-03-2026
- €256,931▲ 15.0%
- Filing
- Filed on 29-10-2026, 2 days before the end of the filing period
Insights on MDESIGNPROJECTS
MDESIGNPROJECTS files the micro format. That format states no turnover. The gross margin fell from €80,443 in 2012 to €51,293 in 2026.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MDESIGNPROJECTS
- What is the company number of MDESIGNPROJECTS?
- The company number of MDESIGNPROJECTS is 0827.408.812. The VAT number is the same number with BE in front: BE 0827.408.812.
- Where is MDESIGNPROJECTS based?
- The registered office is at Hemelrijk 111, 9402 Ninove.Company details
- What does MDESIGNPROJECTS do?
- According to the KBO register, the main activity is manufacture of furniture (NACE 31001).
- What is the legal form of MDESIGNPROJECTS?
- MDESIGNPROJECTS is a private limited company (BV).
- When was MDESIGNPROJECTS founded?
- MDESIGNPROJECTS was founded on 01-07-2010.
- Is MDESIGNPROJECTS still active?
- Yes, MDESIGNPROJECTS is an active enterprise in the KBO register.
- What is the turnover of MDESIGNPROJECTS?
- The turnover in financial year 2026 is ≈ €150,000. This figure is estimated from the gross margin of €51,293 and 2,667 comparable companies of the same size. It probably lies between €100,000 and €270,000. It is a rough estimate.Financials
- Is MDESIGNPROJECTS profitable?
- In financial year 2026, MDESIGNPROJECTS made a profit of €23,150.
- Where can I find the annual accounts of MDESIGNPROJECTS?
- MDESIGNPROJECTS filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of MDESIGNPROJECTS due?
- MDESIGNPROJECTS must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
Next steps
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