MDI
ActiveSummary
The computed 12-month bankruptcy probability of MDI is 5.6% (elevated). The 2019 annual accounts show negative equity (-€97,701) and a net result of -€15,671. The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2019 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Axes, FY 2019 · tick = 2018
Profitability0▼-16
Solvency0=
Growth32
Track record100
Bankruptcy probability, 12 months
5.6%
Elevated
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2019Age of the figures
Age of the figures
81 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 · No filing for years
The last filed financial year closed on 31-12-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2020 close31-07-2021 deadline29-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 31-08-2020, 31 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
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its 2019 accounts 31 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2019, micro schema
Equity
-€97,701▼ 19.1%
2018 · -€82,030
Total assets
€50▼ 99.9%
2018 · €50,324
Net result
-€15,671▼ 268%
2018 · -€4,258
Working capital
-€97,546▼ 23.5%
2018 · -€79,006
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019
Operating result-€2,339--€14,316▼ 512%
Net result-€4,258--€15,671▼ 268%
Equity-€82,030--€97,701▼ 19.1%
Total assets€50,324-€50▼ 99.9%
Debt€132,354-€97,751▼ 26.1%
Working capital-€79,006--€97,546▼ 23.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €14,316 in 2019 against €2,339 in 2018; the loss grows.
Key figures and ratios
Debt ≤ 1 year
€97,596▼
2018 · €128,530
Ratios withheld: a balance sheet total of €50 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Gross operating margin9900 | -€2,234 | -€3,772 | ▼ 68.8% |
| Operating profit (loss)9901 | -€2,339 | -€14,316 | ▼ 512% |
| Recurring financial income75 | €47 | €1 | ▼ 97.9% |
| Recurring financial charges65 | €1,966 | €1,356 | ▼ 31.0% |
| Profit (loss) for the period before taxes9903 | -€4,258 | -€15,671 | ▼ 268% |
| Profit (loss) for the period9904 | -€4,258 | -€15,671 | ▼ 268% |
| Profit (loss) for the period to be appropriated9905 | -€4,258 | -€15,671 | ▼ 268% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €50,324 | €50 | ▼ 99.9% |
| Fixed assets21/28 | €800 | - | - |
| Financial fixed assets28 | €800 | - | - |
| Current assets29/58 | €49,524 | €50 | ▼ 99.9% |
| Stocks and contracts in progress3 | €11,100 | - | - |
| Amounts receivable within one year40/41 | €13,736 | - | - |
| Cash at bank and in hand54/58 | €24,597 | €50 | ▼ 99.8% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €50,324 | €50 | ▼ 99.9% |
| Equity10/15 | -€82,030 | -€97,701 | ▼ 19.1% |
| Contributions10/11 | €6,200 | €6,200 | = |
| Reserves13 | €15 | €15 | = |
| Profit (loss) carried forward14 | -€88,245 | -€103,916 | ▼ 17.8% |
| Amounts payable17/49 | €132,354 | €97,751 | ▼ 26.1% |
| Amounts payable within one year42/48 | €128,530 | €97,596 | ▼ 24.1% |
| Trade debts44 | €26,842 | €4,212 | ▼ 84.3% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€4,258 | -€15,671 | ▼ 268% |
| Operating cash flow (approximation) | -€4,258 | -€15,671 | ▼ 268% |
| Change in cash | - | -€24,547 | - |
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
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2015
21-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 21 days late
2014
22-12
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 144 days late
2013
29-11
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 121 days late
28-01
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 181 days late
2011
15-12
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema · 137 days late
NBB filing
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Oostende · 1 establishment unit since 2005
Ground area
387 m²
Building footprint
278 m²
Volume, LiDAR
3,755 m³
2 parcels, Flanders · tallest building 28.0 m, ±8 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MDI
since 20052.147.708.771
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37303I0317/00K007 | Flanders | 284 m² | 1 · 175 m² | 13.6 m · 3 fl. |
| 35013A1595/00Z008 | Flanders | 103 m² | 1 · 103 m² | 28.0 m · 8 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded12-05-2005
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.