MDK SOLUTIONS
ActiveSummary
The computed 12-month bankruptcy probability of MDK SOLUTIONS is 2.6% (moderate). The 2024 annual accounts show equity of €28,854 and a net result of €8,208. Equity is growing by ~28.7% per year across the filed fiscal years. Its solvency ranks better than 55% of 36380 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability87▼-10
Solvency76▲+8
Growth52=
Track record94
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity tight (current ratio 1.36 against 1.16 in 2023; short-term debt: 47.5% and cash: 27% of total assets), and 49.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
50.9%
Return on assets
14.5%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
120 d late
2022
136 d late
2021
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 95 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Equity
€28,854▲ 39.8%
2023 · €20,646
Total assets
€56,656▲ 17.4%
2023 · €48,274
Net result
€8,208▼ 24.2%
2023 · €10,829
Working capital
€9,805▲ 216%
2023 · €3,106
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result€17,836--€7,080€13,607€13,071▼ 3.9%
Net result€14,338within the sector's middle half--€7,521below the sector's middle half€10,829within the sector's middle half€8,208within the sector's middle half▼ 24.2%
Equity€17,338below the sector's middle half-€9,817below the sector's middle half▼ 43.4%€20,646within the sector's middle half▲ 110%€28,854within the sector's middle half▲ 39.8%
Total assets€46,943below the sector's middle half-€39,772below the sector's middle half▼ 15.3%€48,274below the sector's middle half▲ 21.4%€56,656below the sector's middle half▲ 17.4%
Debt€29,605-€29,956▲ 1.2%€27,628▼ 7.8%€27,802▲ 0.6%
Working capital€7,331--€3,686€3,106€9,805▲ 216%
Solvency36.9%within the sector's middle half-24.7%within the sector's middle half▼ 12.3pp42.8%within the sector's middle half▲ 18.1pp50.9%within the sector's middle half▲ 8.2pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
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 2024; 2024 is 4% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €56,656
Fixed assets
€19,966 ▼ 23.3%
Current assets
€36,691 ▲ 65.0%
Equity and liabilities €56,656
Equity
€28,854 ▲ 39.8%
Debt
€27,802 ▲ 0.6%
Debt's share of the balance-sheet total falls from 57.2% to 49.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€20,416▲
2023 · €19,725
Cash flow
€15,553▼
2023 · €16,947
Current ratio
1.36▲
2023 · 1.16
Debt to equity
0.96▼
2023 · 1.34
ROE
28.4%▼
2023 · 52.5%
ROA
14.5%▼
2023 · 22.4%
Interest coverage
10.65▼
2023 · 16.25
Debt ≤ 1 year
€26,886▲
2023 · €19,132
Debt > 1 year
€916▼
2023 · €8,002
Income taxes
€3,106▲
2023 · €1,726
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,964 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,645 | €4,146 | €6,117 | €7,345 | ▲ 20.1% |
| Other operating charges640/8 | €567 | €1,585 | €1,242 | €1,891 | ▲ 52.3% |
| Gross operating margin9900 | €20,048 | -€1,349 | €20,967 | €22,308 | ▲ 6.4% |
| Operating profit (loss)9901 | €17,836 | -€7,080 | €13,607 | €13,071 | ▼ 3.9% |
| Financial income75/76B | €310 | €261 | €162 | €160 | ▼ 1.2% |
| Recurring financial income75 | €310 | €261 | €162 | €160 | ▼ 1.2% |
| Financial charges65/66B | €353 | €702 | €1,214 | €1,917 | ▲ 58.0% |
| Recurring financial charges65 | €353 | €702 | €1,214 | €1,917 | ▲ 58.0% |
| Profit (loss) for the period before taxes9903 | €17,793 | -€7,521 | €12,555 | €11,314 | ▼ 9.9% |
| Income taxes67/77 | €3,456 | - | €1,726 | €3,106 | ▲ 80.0% |
| Profit (loss) for the period9904 | €14,338 | -€7,521 | €10,829 | €8,208 | ▼ 24.2% |
| Profit (loss) for the period to be appropriated9905 | €14,338 | -€7,521 | €10,829 | €8,208 | ▼ 24.2% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €46,943 | €39,772 | €48,274 | €56,656 | ▲ 17.4% |
| Fixed assets21/28 | €17,649 | €13,502 | €26,036 | €19,966 | ▼ 23.3% |
| Tangible fixed assets22/27 | €17,649 | €13,502 | €26,036 | €19,906 | ▼ 23.5% |
| Plant, machinery and equipment23 | €9,788 | €7,321 | €13,934 | €10,994 | ▼ 21.1% |
| Furniture and vehicles24 | €7,861 | €6,182 | €12,102 | €8,912 | ▼ 26.4% |
| Financial fixed assets28 | - | - | - | €60 | - |
| Current assets29/58 | €29,295 | €26,270 | €22,238 | €36,691 | ▲ 65.0% |
| Amounts receivable within one year40/41 | €24,002 | €15,403 | €20,332 | €21,366 | ▲ 5.1% |
| Trade receivables40 | €13,816 | €9,807 | €15,053 | €18,888 | ▲ 25.5% |
| Other amounts receivable41 | €10,186 | €5,595 | €5,279 | €2,477 | ▼ 53.1% |
| Cash at bank and in hand54/58 | €5,118 | €9,838 | €1,906 | €15,325 | ▲ 704% |
| Deferred charges and accrued income490/1 | €174 | €1,029 | - | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €46,943 | €39,772 | €48,274 | €56,656 | ▲ 17.4% |
| Equity10/15 | €17,338 | €9,817 | €20,646 | €28,854 | ▲ 39.8% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €14,338 | €6,817 | €17,646 | €25,854 | ▲ 46.5% |
| Amounts payable17/49 | €29,605 | €29,956 | €27,628 | €27,802 | ▲ 0.6% |
| Amounts payable after more than one year17 | €7,641 | - | €8,002 | €916 | ▼ 88.6% |
| Financial debts170/4 | €7,641 | - | €8,002 | €916 | ▼ 88.6% |
| Amounts payable within one year42/48 | €21,964 | €29,956 | €19,132 | €26,886 | ▲ 40.5% |
| Current portion of amounts payable after more than one year42 | €8,095 | €7,641 | €7,310 | €7,086 | ▼ 3.1% |
| Trade debts44 | €7,086 | €13,988 | €9,203 | €14,811 | ▲ 60.9% |
| Suppliers440/4 | €7,086 | €13,988 | €9,203 | €14,811 | ▲ 60.9% |
| Taxes, remuneration and social security45 | €4,067 | €8,326 | €2,620 | €4,989 | ▲ 90.4% |
| Taxes450/3 | €4,067 | €8,326 | €2,620 | €4,989 | ▲ 90.4% |
| Other amounts payable47/48 | €2,716 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €493 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,338 | -€7,521 | €10,829 | €8,208 | ▼ 24.2% |
| + Depreciation and write-downs630 | €1,645 | €4,146 | €6,117 | €7,345 | ▲ 20.1% |
| Operating cash flow (approximation) | €15,983 | -€3,375 | €16,947 | €15,553 | ▼ 8.2% |
| Investment in fixed assets (approximation) | - | €0 | -€18,651 | -€1,275 | ▲ 93.2% |
| Change in cash | - | €4,720 | -€7,932 | €13,419 | ▲ 269% |
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
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
28-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 120 days late
2023
31-12
Financial
Back to profitnet €10,829
Net result €10,829 after one loss-making year.
14-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 136 days late
2022
31-12
Financial
Weakest financial yearnet -€7,521
Net result drops to -€7,521, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Boom · 1 establishment unit since 2021
Ground area
510 m²
Building footprint
100 m²
Volume, LiDAR
528 m³
Parcel 11622C0269/00L003, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MDK SOLUTIONS
since 20212.314.320.921
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11622C0269/00L003 | Flanders | 510 m² | 1 · 100 m² | 7.9 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.
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Of 9,536 companies in sector 43222 we hold annual accounts for 5,667. 3,998 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
Founded02-03-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
47830Retail sale of motorcycles and motorcycle parts and accessories
E-invoicing
Reachable via Peppol
Peppol ID
0208:0764503520
Also
9925:BE0764503520
Registered
09-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.