MDG CONSULTING
ActiveMDG CONSULTING has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €240k and a net result of €44k. Equity is shrinking by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 46% of 7017 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▼-3
Solvency75▼-9
Growth58=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 1.97 against 2.41 in 2024; short-term debt: 50.1% and cash: 37.7% of total assets), but 50.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
49.9%
Return on assets
9.2%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · 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 filingsDeviation from the deadline
2025
28 d late
2024
28 d late
2023
30 d late
2022
30 d late
2021
29 d late
2020
52 d late
2019
90 d late
← before the deadline
after the deadline →
neutral · 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.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€240k▼ 13.3%
2024 · €277k
2018: €394k
2019: €461k
2020: €503k
2021: €295k
2022: €260k
2023: €263k
2024: €277k
2018 → 2025
Total assets
€481k▲ 3.0%
2024 · €467k
2018: €455k
2019: €503k
2020: €561k
2021: €418k
2022: €456k
2023: €446k
2024: €467k
2018 → 2025
Net result
€44k▼ 15.7%
2024 · €52k
2018: €7k
2019: €38k
2020: €42k
2021: €39k
2022: €19k
2023: €38k
2024: €52k
2018 → 2025
Working capital
€235k▼ 12.7%
2024 · €269k
2018: €381k
2019: €452k
2020: €484k
2021: €278k
2022: €242k
2023: €249k
2024: €269k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€295k-€260k▼ 11.9%€263k▲ 1.2%€277k▲ 5.3%€240k▼ 13.3%
Operating result€49k-€21k▼ 57.7%€48k▲ 133%€67k▲ 39.0%€57k▼ 15.8%
Net result€39k-€19k▼ 52.7%€38k▲ 107%€52k▲ 36.5%€44k▼ 15.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 16% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €481k
Fixed assets
€5k▼ 34.9%
Current assets
€476k▲ 3.6%
Equity and liabilities €481k
Equity
€240k▼ 13.3%
Debt
€241k▲ 26.6%
The debt ratio rises from 40.8% to 50.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€59k▼
2024 · €74k
Cash flow
€47k▼
2024 · €59k
Solvency
49.9%▼
2024 · 59.2%
Current ratio
1.97▼
2024 · 2.41
Quick ratio
1.97▼
2024 · 2.41
Debt / equity
1.01▲
2024 · 0.69
ROE
18.4%▼
2024 · 18.9%
ROA
9.2%▼
2024 · 11.2%
Interest coverage
165.89▼
2024 · 373.68
Debt
€241k▲
2024 · €190k
Debt ≤ 1 year
€241k▲
2024 · €190k
Income taxes
€17k▼
2024 · €20k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€467k€481k▲
Fixed assets21/28€7k€5k▼
Tangible fixed assets22/27€7k€5k▼
Land and buildings22€3k€3k▼
Plant, machinery and equipment23€787€22▼
Furniture and vehicles24€3k€2k▼
Financial fixed assets28€312€112▼
Current assets29/58€460k€476k▲
Amounts receivable after more than one year29€288k€278k▼
Other amounts receivable291€288k€278k▼
Amounts receivable within one year40/41€15k€15k▲
Trade receivables40€5k€5k=
Other amounts receivable41€10k€10k▲
Cash at bank and in hand54/58€155k€182k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€467k€481k▲
Equity10/15€277k€240k▼
Contributions10/11€14k€14k=
Reserves13€190k€153k▼
Distributable reserves133€190k€153k▼
Profit (loss) carried forward14€72k€72k=
Amounts payable17/49€190k€241k▲
Amounts payable within one year42/48€190k€241k▲
Trade debts44€2k€950▼
Suppliers440/4€2k€950▼
Taxes, remuneration and social security45€16k€15k▼
Taxes450/3€16k€15k▼
Other amounts payable47/48€172k€225k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€2k▼
Other operating charges640/8€899€928▲
Gross operating margin9900€75k€60k▼
Operating profit (loss)9901€67k€57k▼
Financial income75/76B€5k€5k▼
Recurring financial income75€5k€5k▼
Financial charges65/66B€198€356▲
Recurring financial charges65€198€356▲
Profit (loss) for the period before taxes9903€73k€62k▼
Income taxes67/77€20k€17k▼
Profit (loss) for the period9904€52k€44k▼
Profit (loss) for the period to be appropriated9905€52k€44k▼
Appropriation of the result
Profit (loss) to be appropriated9906€125k€116k▼
Profit (loss) brought forward from the previous period14P€72k€72k=
Transfer from equity791/2€38k€81k▲
Transfer to equity691/2€52k€44k▼
To other reserves6921€52k€44k▼
Profit to be distributed694/7€38k€81k▲
Return on contributions (dividend)694€38k€81k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Highest result since 2018net €52k ▲36.5%
Operating result €67k, net result €52k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
21-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 52 days late
2020
31-12
Financial
Equity above €500kEq €503k ▲9.1%
3 profitable years in a row build equity to €503k.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 61 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Elsene · 1 establishment unit since 2013
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Molièrelaan 5011050 ElseneGround area
450 m²
Building footprint
276 m²
Volume, LiDAR
7,060 m³
Parcel 21447B0345/00X000, Brussels · tallest building 29.1 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
Molièrelaan 501, 1050 Elsene
since 20132.219.399.095
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0345/00X000 | Brussels | 450 m² | 1 · 276 m² | 29.1 m · 8 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
INFORMATIC CENTER BELGIUM
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CARLINVEST
BE 0434.532.680
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BOCA
BE 0426.569.475
Eeklo · Eq €239k
Andere Richtingen
BE 0842.379.672
Gent · Eq €241k
BELCOM
BE 0683.734.489
Elsene · Eq €238k
Of 2,715 companies in sector 73200 we hold annual accounts for 1,785. 1,336 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-05-2013
Fiscal year end31-12
Activities, NACEBEL
73200Market research and public opinion polling
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.