Summary
MDEX is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €14,679 and a net result of €13,679. Its solvency ranks better than 16% of 3319 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 3319 sector peers (2024).
NBB · sector comparisonPosition among 3319 sector peers
Solvency
better than 16%
← weakest
strongest →
raises risk · Young company
Founded in 2023, under 3 years in business. Failure risk is statistically highest between 2 and 8 years after founding.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-08-2025, 16 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 · 1 filingDeviation from the deadline
2024
16 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its 2024 accounts 16 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€14,679
Net result
€13,679
Total assets
€150,565
Solvency
9.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €150,565
Fixed assets
€107,507
Current assets
€43,058
Equity and liabilities €150,565
Equity
€14,679
Debt
€135,886
Debt finances 90.3% of the balance-sheet total.
Key figures and ratios
ROE
93.2%
ROA
9.1%
Debt ≤ 1 year
€37,518
Debt > 1 year
€98,369
Income taxes
€3,100
Annual accounts
| Line | 2024 |
|---|---|
| Turnover70 | €153,219 |
| Goods, raw materials, services and sundry goods60/61 | €120,758 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,266 |
| Other operating charges640/8 | €4,677 |
| Gross operating margin9900 | €32,461 |
| Operating profit (loss)9901 | €23,519 |
| Financial income75/76B | €929 |
| Recurring financial income75 | €929 |
| Financial charges65/66B | €7,669 |
| Recurring financial charges65 | €7,669 |
| Profit (loss) for the period before taxes9903 | €16,779 |
| Income taxes67/77 | €3,100 |
| Profit (loss) for the period9904 | €13,679 |
| Profit (loss) for the period to be appropriated9905 | €13,679 |
| Line | 2024 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €150,565 | |
| Fixed assets21/28 | €107,507 | |
| Tangible fixed assets22/27 | €107,416 | |
| Land and buildings22 | €96,858 | |
| Furniture and vehicles24 | €10,558 | |
| Financial fixed assets28 | €92 | |
| Current assets29/58 | €43,058 | |
| Amounts receivable within one year40/41 | €21,883 | |
| Trade receivables40 | €13,926 | |
| Other amounts receivable41 | €7,957 | |
| Cash at bank and in hand54/58 | €20,064 | |
| Deferred charges and accrued income490/1 | €1,111 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €150,565 | |
| Equity10/15 | €14,679 | |
| Contributions10/11 | €1,000 | |
| Profit (loss) carried forward14 | €13,679 | |
| Amounts payable17/49 | €135,886 | |
| Amounts payable after more than one year17 | €98,369 | |
| Financial debts170/4 | €98,369 | |
| Amounts payable within one year42/48 | €37,518 | |
| Trade debts44 | €13,570 | |
| Suppliers440/4 | €13,570 | |
| Taxes, remuneration and social security45 | €5,600 | |
| Taxes450/3 | €3,100 | |
| Remuneration and social security454/9 | €2,500 | |
| Other amounts payable47/48 | €18,348 | |
| Line | 2024 |
|---|---|
| Profit (loss) for the period9904 | €13,679 |
| + Depreciation and write-downs630 | €4,266 |
| Operating cash flow (approximation) | €17,945 |
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
16-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 16 days late
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Gerpinnes
Ground area
578 m²
Building footprint
138 m²
Volume, LiDAR
697 m³
Parcel 52029A0156/00M011, Wallonia · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52029A0156/00M011 | Wallonia | 578 m² | 1 · 138 m² | 7.1 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.
Similar companies · same sector, comparable size
GLT Consulting
BE 0766.739.468
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ESOX
BE 1004.048.384
Court-Saint-Etienne · Eq €14,200
EXPERTISE- EN STUDIEBUREAU BUREX
BE 0405.168.505
Tielt · Eq €14,111
Schadeservice
BE 0633.755.042
Bree · Eq €15,653
VEHICLES HEAVY DUTY MACHINERY EXPERTISE
BE 0746.698.377
Mortsel · Eq €13,756
Of 853 companies in sector 66210 we hold annual accounts for 511. 263 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
Founded16-10-2023
Fiscal year end31-12
Activities, NACEBEL 2025
66210Risk and damage evaluation
71209Other technical testing and analysis
Scores and ratios are computed by Checked and are not a credit decision.