MDL
ActiveSummary
MDL has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €14,906 and a net result of -€4,249. Equity is shrinking by ~14.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 37951 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency100=
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 57.94 against 28.89 in 2023; short-term debt: 1.4% and cash: 10.3% of total assets), and 1.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
98.6%
Return on assets
-28.1%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
21222324
2021 to 2024 · latest year -€4,249
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-08-2025, 23 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
23 d late
2023
31 d late
2022
28 d late
2021
31 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 28 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 (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€14,906▼ 22.2%
2023 · €19,155
Total assets
€15,116▼ 23.3%
2023 · €19,696
Net result
-€4,249▼ 1.9%
2023 · -€4,171
Working capital
€11,976▼ 20.7%
2023 · €15,094
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
Line2021202220232024
Operating result€20,600-€6,138▼ 70.2%-€4,759-€4,897▼ 2.9%
Net result€16,200-€5,126▼ 68.4%-€4,171-€4,249▼ 1.9%
Equity€18,200-€23,326▲ 28.2%€19,155▼ 17.9%€14,906▼ 22.2%
Total assets€26,707-€24,489▼ 8.3%€19,696▼ 19.6%€15,116▼ 23.3%
Debt€8,507-€1,162▼ 86.3%€541▼ 53.4%€210▼ 61.1%
Working capital€18,200-€18,135▼ 0.4%€15,094▼ 16.8%€11,976▼ 20.7%
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 €4,897 in 2024 against €4,759 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €15,116
Fixed assets
€2,930 ▼ 27.8%
Current assets
€12,186 ▼ 22.1%
Equity and liabilities €15,116
Equity
€14,906 ▼ 22.2%
Debt
€210 ▼ 61.1%
Debt's share of the balance-sheet total falls from 2.7% to 1.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€3,766▼
2023 · -€3,628
Cash flow
-€3,118▼
2023 · -€3,041
Current ratio
57.94▲
2023 · 28.89
Debt to equity
0.01▼
2023 · 0.03
ROE
-28.5%▼
2023 · -21.8%
ROA
-28.1%▼
2023 · -21.2%
Interest coverage
-83.69▼
2023 · -80.63
Debt ≤ 1 year
€210▼
2023 · €541
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €462 | €1,131 | €1,131 | = |
| Other operating charges640/8 | €530 | €679 | €631 | €1,053 | ▲ 66.7% |
| Gross operating margin9900 | €21,131 | €7,279 | -€2,997 | -€2,713 | ▲ 9.5% |
| Operating profit (loss)9901 | €20,600 | €6,138 | -€4,759 | -€4,897 | ▼ 2.9% |
| Financial income75/76B | - | €212 | €633 | €693 | ▲ 9.4% |
| Recurring financial income75 | - | €212 | €633 | €693 | ▲ 9.4% |
| Financial charges65/66B | €18 | €62 | €45 | €45 | = |
| Recurring financial charges65 | €18 | €62 | €45 | €45 | = |
| Profit (loss) for the period before taxes9903 | €20,582 | €6,288 | -€4,171 | -€4,249 | ▼ 1.9% |
| Income taxes67/77 | €4,382 | €1,162 | - | - | - |
| Profit (loss) for the period9904 | €16,200 | €5,126 | -€4,171 | -€4,249 | ▼ 1.9% |
| Profit (loss) for the period to be appropriated9905 | €16,200 | €5,126 | -€4,171 | -€4,249 | ▼ 1.9% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €26,707 | €24,489 | €19,696 | €15,116 | ▼ 23.3% |
| Fixed assets21/28 | - | €5,191 | €4,061 | €2,930 | ▼ 27.8% |
| Tangible fixed assets22/27 | - | €5,191 | €4,061 | €2,930 | ▼ 27.8% |
| Furniture and vehicles24 | - | €5,191 | €4,061 | €2,930 | ▼ 27.8% |
| Current assets29/58 | €26,707 | €19,297 | €15,636 | €12,186 | ▼ 22.1% |
| Amounts receivable within one year40/41 | - | €11,917 | €11,132 | €10,624 | ▼ 4.6% |
| Trade receivables40 | - | €1,140 | - | - | - |
| Other amounts receivable41 | - | €10,777 | €11,132 | €10,624 | ▼ 4.6% |
| Cash at bank and in hand54/58 | €26,707 | €7,380 | €4,504 | €1,562 | ▼ 65.3% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €26,707 | €24,489 | €19,696 | €15,116 | ▼ 23.3% |
| Equity10/15 | €18,200 | €23,326 | €19,155 | €14,906 | ▼ 22.2% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €16,200 | €21,326 | €17,155 | €12,906 | ▼ 24.8% |
| Distributable reserves133 | €16,200 | €21,326 | €17,155 | €12,906 | ▼ 24.8% |
| Amounts payable17/49 | €8,507 | €1,162 | €541 | €210 | ▼ 61.1% |
| Amounts payable within one year42/48 | €8,507 | €1,162 | €541 | €210 | ▼ 61.1% |
| Taxes, remuneration and social security45 | €6,269 | €1,162 | €541 | €210 | ▼ 61.1% |
| Taxes450/3 | €6,269 | €1,162 | €541 | €210 | ▼ 61.1% |
| Other amounts payable47/48 | €2,238 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,200 | €5,126 | -€4,171 | -€4,249 | ▼ 1.9% |
| + Depreciation and write-downs630 | - | €462 | €1,131 | €1,131 | = |
| Operating cash flow (approximation) | €16,200 | €5,588 | -€3,041 | -€3,118 | ▼ 2.6% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | - |
| Change in cash | - | -€19,327 | -€2,876 | -€2,942 | ▼ 2.3% |
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
05-11
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
23-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 23 days late
2024
31-12
Financial
Weakest financial yearnet -€4,249
Net result drops to -€4,249, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 57.94
Current ratio from 28.89 to 57.94; short-term debt falls from €541 to €210.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Liquidity times 5current ratio 16.60
Current ratio from 3.14 to 16.60; short-term debt falls from €8,507 to €1,162.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Edegem · 1 establishment unit since 2021
Ground area
416 m²
Building footprint
105 m²
Volume, LiDAR
694 m³
Parcel 11472B0125/00W017, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MDL
since 20212.315.505.707
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11472B0125/00W017 | Flanders | 416 m² | 1 · 105 m² | 9.9 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.
Structure & network
Connections & network
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This company
Company
Director
Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,583. 27,432 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
Founded09-03-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
70100Activities of head offices
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.