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Generated 16-07-2026
Active BE 0800.164.183Private limited company

MDG DEVELOPMENT

Rue de la Petite Doucette 27 ·4041 Herstal, Belgium· 3 yrs active
Sector: Construction of buildings (41003)
Conclusion Checked

The computed 12-month bankruptcy probability of MDG DEVELOPMENT is 2.8% (moderate). The 2024 annual accounts show equity of €33k and a net result of €14k. Its solvency ranks better than 55% of 3812 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.
Key figures
Equity €33k
Net result €14k
Better than sector 55%
Active 3 yrs
Snowflake analysis 5 axes · computed by Checked
Health94Profitability100Solvency79Growth78Stability94
89 / 100

Exceptional profile, strong across almost every axis.

Health 94
Profitability 100
Solvency 79
Growth 78
Stability 94
Bankruptcy probability (12 mo) Checked model v1 · free
2.8% Moderate
0%0,5%1,5%4%10%≥25%
Young company +Higher-failure-rate sector +Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
More than 3 years active
Founded in 2023, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
94 / 100 Excellent
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview2 NBB filings
Annual accounts filed on 29-07-2025 with the NBB · fiscal year 2024 · micro
€-5k€0€5k€10k€15k€20kOperating result 2023: €-829€-829Net result 2023: €-829€-829Operating result 2024: €18k€18kNet result 2024: €14k€14k20232024
Operating resultNet result
Sector comparison
Fiscal year 2024 · NACE 41, Construction of buildings · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 43.2% 39.4%
better than 55% of 3812 sector peers
Net result €14k €10k
better than 58% of 3809 sector peers
Equity €33k €29k
better than 54% of 3817 sector peers
Gross operating margin €21k €26k
better than 44% of 3807 sector peers
Total assets €76k €85k
better than 46% of 3813 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€21k
- -25% vs sector
Net profit
€14k
- -40% vs sector
Cash flow
€17k
- -42% vs sector
Total assets
€76k
+284.1% -60% vs sector
Equity
€33k
+71.9% -48% vs sector
Working capital
€27k
+131.4% -61% vs sector
Income taxes
€5k
- -25% vs sector
Debt
€43k
+6329.6% -57% vs sector
Debt ≤ 1y
€43k
+6329.6% -57% vs sector
Current ratio
1.62
-91.1% +2% vs sector
Quick ratio
1.24
-93.2% -19% vs sector
Solvency
43.2%
-55.2% ≈ vs sector
Debt / equity
1.31
+3640.4% ≈ vs sector
ROE
41.8%
- +15% vs sector
ROA
18.1%
- +123% vs sector
Interest coverage
199.77
- far above sector median
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€21k
Net profit€14k
Cash flow€17k
Staff costs-
Income taxes€5k
Dividends-
Total assets€76k
Equity€33k
Debt€43k
of which ≤ 1y€43k
of which > 1y-
Working capital€27k
Employees (FTE)-
Ratios (computed)
2024
Current ratio1.62
Quick ratio1.24
Working capital ratio35.2%
Solvency43.2%
Debt / equity1.31
Long-term debt ratio-
Interest coverage199.77
Gross margin-
Net margin-
ROA18.1%
ROE41.8%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€76k
Fixed assets 21/28€6k
Tangible fixed assets 22/27€6k
Current assets 29/58€70k
Stocks & contracts in progress 3€17k
Amounts receivable within one year 40/41€15k
Cash & bank 54/58€38k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€76k
Equity 10/15€33k
Contributions / capital 10/11€20k
Accumulated profits (losses) 14€13k
Amounts payable 17/49€43k
Amounts payable within one year 42/48€43k
Trade debts payable within one year 44€24k
Income statement
Gross operating margin 9900€21k
Operating result 9901€18k
Financial income 75€3
Financial charges 65€106
Result before taxes 9903€18k
Income taxes 67/77€5k
Net result for the period 9904€14k
Result to be appropriated 9905€14k
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Construction of buildings(41003)
Legal form Private limited company(610)
Incorporation30-03-2023
StatusActive
Postal code4041
Connections & network 1 connected companies
Group structure
MDG GROUP
Subsidiary · 1 location
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Establishment units 1 location
MDG DEVELOPMENT
Rue de la Petite Doucette 27, 4041 HerstalSmeden van metaal
since 20232.345.180.579
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62071B0790/00G002 Wallonia 5,629 m² 1 · 205 m² -
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 3 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
29-07-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
19-05-2025
State Gazette act Capital & shares
2024
10-10-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
Belgisch Staatsblad, acts 1 acts
Capital history · 1
19-05-2025
Capital change
All acts · 1 updated 1 year ago
2025
19-05-2025 Transaction in capital or shares Capital & shares
Technical details 
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  "act_meta": {
    "language": "mixed",
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    "underlying_resolution_date": "2023-12-07"
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  "bedrijfsrevisor": null,
  "subject_company": {
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Algemene bouw van andere niet-residentiële gebouwen41003Algemene bouw van andere niet-residentiële gebouwen41203Elektrotechnische installatiewerken aan gebouwen43211Algemene elektrotechnische installatiewerken43211Loodgieterswerk43221Sanitaire werkzaamheden43221Overige bouwinstallatie43240Overige bouwinstallatie, n.e.g.43299Overige werkzaamheden in verband met de afwerking van gebouwen43350Overige werkzaamheden in verband met de afwerking van gebouwen43390
Primary activity highlighted.
Names & trade names
Legal nameFR MDG DEVELOPMENT
Registered office
Rue de la Petite Doucette 27
4041 Herstal, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative