MDFL

Active

Private limited companyfounded 199035 yrs activeHof van Delftlaan 15, 2180 Antwerpen, BelgiumKBO/BCE: BE 0442.749.471

Summary

The annual accounts of MDFL for fiscal year 2025 show a net loss of 66% of the equity at the start of that year. The 2025 annual accounts show equity of €4,347 and a net result of -€8,507. Equity is shrinking by ~26.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 11% of 38840 sector peers (fiscal year 2025). The company has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (very low).

Risk analysisWatch Report Compare

MDFLActiveChecked score 53/100

Risk analysis Report Compare

Activity

Business and other management consultancy

NACE 70200Business consulting NACE 70220NACE 74142

1 site

Size

€163,993total assets 2025

Equity: €4,347
Loss: -€8,507

Turnover not published (abridged schema)

Financial health

53 Fair Checked score 2025

Bankruptcy chance 12 m: 0.5%

Structure

Board: 1 member

Accounts filed 28 d late1 of 5 deeds read

Why 53Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year- 1 change of registered office in 24 months+ Size: total assets €163,993+ Founded in 1990+ Sector Activities of head offices; management consultancy activities (NACE 70)Show the evidence

Checked score

Score 2025

53 / 100

Fair

Probability in this band: 1.5% to 4.2%

Better than 9% of its sector peers (NACE 70, micro)

Performance against the sector, not lower risk

A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that weighs is under Signals.

Financial strength · tick = 2024

Weak

Solvency 28-6

equity 2.7% of total assets

Liquidity 2=

short-term debt 97.3% · cash 1.9%

Profitability 13+13

return on assets -5.2%

Bankruptcy probability, 12 months

0.5% Very low

0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (48,265 companies)

Last 24 months 11-2024: 0.3% 12-2024: 0.3%● 0.0% vs 11-2024 01-2025: 0.3%● 0.0% vs 12-2024 02-2025: 0.2%▼ -15.1% vs 01-2025lowest value 03-2025: 0.2%▲ +0.9% vs 02-2025 04-2025: 0.2%▲ +5.7% vs 03-2025 05-2025: 0.2%▼ -4.6% vs 04-2025 06-2025: 0.3%▲ +11.4% vs 05-2025 07-2025: 0.3%▲ +22.0% vs 06-2025 08-2025: 0.4%▲ +15.1% vs 07-2025 09-2025: 0.4%● 0.0% vs 08-2025 10-2025: 0.4%● 0.0% vs 09-2025 11-2025: 0.4%● 0.0% vs 10-2025 12-2025: 0.4%● 0.0% vs 11-2025 01-2026: 0.4%● 0.0% vs 12-2025 02-2026: 1.0%▲ +170% vs 01-2026 03-2026: 1.0%● 0.0% vs 02-2026 04-2026: 1.0%▼ -0.9% vs 03-2026 05-2026: 0.9%▼ -7.3% vs 04-2026 06-2026: 1.0%▲ +9.8% vs 05-2026 07-2026: 1.1%▲ +11.1% vs 06-2026 08-2026: 1.4%▲ +32.7% vs 07-2026highest value 09-2026: 0.5%▼ -66.0% vs 08-2026 10-2026: 0.5%● 0.0% vs 09-2026

1 change of registered office in 24 months raises the probability
Size: total assets €163,993 lowers the probability for this profile
Founded in 1990 lowers the probability for this profile
Sector Activities of head offices; management consultancy activities (NACE 70) lowers the probability

No publishable credit limit; credit only on tighter terms

Net loss of at least half of total assets or of the equity at the start of the financial year.

Liquidity short (current ratio 0.29 against 0.06 in 2024; short-term debt: 97.3% and cash: 1.9% of total assets), and 97.3% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 70, micro). Better than this share of them on solvency 11%, liquidity 2%, profitability 11%, growth against the median 10%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

1 change of registered office in 24 months

In the bankruptcy model this factor raises the probability.

Belgian State Gazette

Size: total assets €163,993

In the bankruptcy model this factor lowers the probability for this profile.

NBB · annual accounts

Founded in 1990

In the bankruptcy model this factor lowers the probability for this profile.

KBO

Sector Activities of head offices; management consultancy activities (NACE 70)

In the bankruptcy model this factor lowers the probability.

KBO

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

1819202122232425

2018 to 2025 · latest year -€8,507

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 38840 sector peers (2025).

NBB · sector comparison

Position among 38840 sector peers

Solvency

better than 11%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 filings

Deviation from the deadline

2025

28 d late

2024

9 d early

2023

30 d late

2022

34 d early

2021

12 d early

2020

89 d late

2019

37 d early

← 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 8 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)

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. Usually files around 22 July (4 of the last 5 filed years within 37 days of that day).

Companies Code · seven months

Position in the running window

06-10-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

28-08-26 Annual accounts filedfiscal year 2025 · micro…
23-01-26 Resignation: VAN OVERTVELDT FREDERIK - ADVOCAAT…Permanent representative: VAN OVERTVELDT Frederik…
22-07-25 Annual accounts filedfiscal year 2024 · micro…

Key points

Risk: 6 loss-making years in a rowloss fiscal year 2025 -€8,507 View
Caution: Among the weakest 11% on solvencysector median 56.0% · 38,840 companies 2.7% View
Caution: Board changedlatest change 23-01-2026 · 1 in office 1 joined · 1 left View