MDL EUREGIO
ActiveSummary
MDL EUREGIO has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €69,558 and a net result of -€55,034. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 119 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability10▼-61
Solvency35▼-3
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days only on tighter terms
Liquidity short (current ratio 0.95 against 1.06 in 2024; short-term debt: 86.7% and cash: 0.1% of total assets), and 90.1% of the assets are financed with debt.
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Signals
Six 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 32
Relative position
BE, all sectors
reference
Other manufacturing (NACE 32)
about 28% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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 2025Solvency, return and age of the figures
Solvency
9.9%
Return on assets
-7.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 119 sector peers (2025).
NBB · sector comparisonPosition among 119 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
20 d early
2023
184 d late
2022
102 d late
2021
29 d late
2020
89 d early
2019
45 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 36 days after the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 40% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 29 August (4 of the last 5 filed years within 73 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#5 employer in Limburg, Other manufacturing sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€55,034
2024 · €18,248
Working capital
-€31,952
2024 · €49,562
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 32, Other manufacturing, 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
Line20212022202320242025
Operating result-€50,375▲ 9.1%€34,540€135,002▲ 291%€42,729▼ 68.3%-€49,045
Net result-€80,608below the sector's middle half▼ 44.8%€17,940within the sector's middle half€101,876within the sector's middle half▲ 468%€18,248within the sector's middle half▼ 82.1%-€55,034below the sector's middle half
Equity-€13,471below the sector's middle half€4,468below the sector's middle half€106,344within the sector's middle half▲ 2,280%€124,592below the sector's middle half▲ 17.2%€69,558below the sector's middle half▼ 44.2%
Total assets€838,639within the sector's middle half▼ 17.8%€716,335within the sector's middle half▼ 14.6%€685,761within the sector's middle half▼ 4.3%€926,787within the sector's middle half▲ 35.1%€699,459below the sector's middle half▼ 24.5%
Debt€852,111▼ 7.6%€711,867▼ 16.5%€579,417▼ 18.6%€802,195▲ 38.4%€629,900▼ 21.5%
Working capital-€93,858below the sector's middle half▲ 54.6%-€78,242below the sector's middle half▲ 16.6%-€45,681below the sector's middle half▲ 41.6%€49,562within the sector's middle half-€31,952below the sector's middle half
Solvency-1.6%below the sector's middle half▼ 11.2pp0.6%below the sector's middle half▲ 2.2pp15.5%below the sector's middle half▲ 14.9pp13.4%below the sector's middle half▼ 2.1pp9.9%below the sector's middle half▼ 3.5pp
Current ratio0.88below the sector's middle half▲ 0.150.88below the sector's middle half=0.92below the sector's middle half▲ 0.031.06below the sector's middle half▲ 0.140.95below the sector's middle half▼ 0.11
Return on assets (ROA)-9.6%below the sector's middle half▼ 4.2pp2.5%within the sector's middle half▲ 12.1pp14.9%above the sector's middle half▲ 12.4pp2.0%within the sector's middle half▼ 12.9pp-7.9%below the sector's middle half▼ 9.8pp
Staff (FTE)28.5above the sector's middle half▲ 10.0%32.1above the sector's middle half▲ 12.6%32.4above the sector's middle half▲ 0.9%32.9above the sector's middle half▲ 1.5%34.3within the sector's middle half▲ 4.3%
above
within
below
the middle half (P25 to P75) of NACE 32, Other manufacturing, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €49,045 after €42,729 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €699,459
Fixed assets
€124,887 ▲ 66.4%
Current assets
€574,572 ▼ 32.5%
Equity and liabilities €699,459
Equity
€69,558 ▼ 44.2%
Debt
€629,900 ▼ 21.5%
Debt's share of the balance-sheet total rises from 86.6% to 90.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€1,042▼
2024 · €83,123
Cash flow
-€4,947▼
2024 · €58,642
Quick ratio
0.73▼
2024 · 0.91
Debt to equity
9.06▲
2024 · 6.44
ROE
-79.1%▼
2024 · 14.6%
Interest coverage
0.18▼
2024 · 19.44
Debt ≤ 1 year
€606,524▼
2024 · €802,195
Debt > 1 year
€23,377▲
2024 · €0
Income taxes
€381▼
2024 · €23,316
Staff costs
€1.9m▲
2024 · €1.7m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,104 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency under 10%
- a small loss
1.5%
went bankrupt
3.5%
stopped otherwise
94%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 1,104 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 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €403 | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | €1.3m | €1.5m | €1.6m | €1.7m | €1.9m | ▲ 11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €69,445 | €49,036 | €44,817 | €40,394 | €50,087 | ▲ 24.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €2,023 | - |
| Other operating charges640/8 | €47,493 | €472 | €11,301 | €2,930 | €8,684 | ▲ 196% |
| Gross operating margin9900 | €1.4m | €1.6m | €1.8m | €1.8m | €1.9m | ▲ 6.4% |
| Operating profit (loss)9901 | -€50,375 | €34,540 | €135,002 | €42,729 | -€49,045 | ▼ 215% |
| Financial income75/76B | €2,125 | €257 | €69 | €3,111 | €98 | ▼ 96.8% |
| Recurring financial income75 | €2,125 | €257 | €69 | €3,111 | €98 | ▼ 96.8% |
| Financial charges65/66B | €31,658 | €16,857 | €12,063 | €4,276 | €5,706 | ▲ 33.5% |
| Recurring financial charges65 | €31,658 | €16,857 | €12,063 | €4,276 | €5,706 | ▲ 33.5% |
| Non-recurring financial charges66B | €0 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€79,908 | €17,940 | €123,007 | €41,564 | -€54,653 | ▼ 231% |
| Income taxes67/77 | €700 | €0 | €21,132 | €23,316 | €381 | ▼ 98.4% |
| Profit (loss) for the period9904 | -€80,608 | €17,940 | €101,876 | €18,248 | -€55,034 | ▼ 402% |
| Profit (loss) for the period to be appropriated9905 | -€80,608 | €17,940 | €101,876 | €18,248 | -€55,034 | ▼ 402% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €838,639 | €716,335 | €685,761 | €926,787 | €699,459 | ▼ 24.5% |
| Fixed assets21/28 | €136,698 | €116,300 | €165,455 | €75,030 | €124,887 | ▲ 66.4% |
| Tangible fixed assets22/27 | €136,698 | €116,300 | €165,455 | €73,530 | €123,387 | ▲ 67.8% |
| Land and buildings22 | €0 | - | - | - | - | - |
| Plant, machinery and equipment23 | €53,656 | €55,836 | €116,747 | €48,613 | €46,792 | ▼ 3.7% |
| Furniture and vehicles24 | €8,098 | €60,464 | €45,173 | €21,769 | €68,918 | ▲ 217% |
| Leasing and similar rights25 | €74,944 | €0 | - | - | - | - |
| Other tangible fixed assets26 | - | - | €3,535 | €3,148 | €7,676 | ▲ 144% |
| Financial fixed assets28 | - | - | - | €1,500 | €1,500 | = |
| Current assets29/58 | €701,942 | €600,035 | €520,306 | €851,757 | €574,572 | ▼ 32.5% |
| Stocks and contracts in progress3 | €218,532 | €220,038 | €122,723 | €118,415 | €129,191 | ▲ 9.1% |
| Stocks30/36 | €218,532 | €220,038 | €122,723 | €118,415 | €129,191 | ▲ 9.1% |
| Amounts receivable within one year40/41 | €430,874 | €379,084 | €396,571 | €729,470 | €440,828 | ▼ 39.6% |
| Trade receivables40 | €335,141 | €370,299 | €349,001 | €386,557 | €427,865 | ▲ 10.7% |
| Other amounts receivable41 | €95,733 | €8,784 | €47,570 | €342,913 | €12,963 | ▼ 96.2% |
| Cash at bank and in hand54/58 | €52,536 | €913 | €1,012 | €1,083 | €826 | ▼ 23.8% |
| Deferred charges and accrued income490/1 | €0 | - | - | €2,788 | €3,727 | ▲ 33.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €838,639 | €716,335 | €685,761 | €926,787 | €699,459 | ▼ 24.5% |
| Equity10/15 | -€13,471 | €4,468 | €106,344 | €124,592 | €69,558 | ▼ 44.2% |
| Contributions10/11 | €63,000 | €63,000 | €63,000 | €63,000 | €63,000 | = |
| Capital10 | €63,000 | €63,000 | €63,000 | €63,000 | €63,000 | = |
| Issued capital100 | €63,000 | €63,000 | €63,000 | €63,000 | €63,000 | = |
| Reserves13 | €4,136 | €4,136 | €6,300 | €6,300 | €6,300 | = |
| Non-distributable reserves130/1 | €4,136 | €4,136 | €6,300 | €6,300 | €6,300 | = |
| Legal reserve130 | €4,136 | €4,136 | €6,300 | €6,300 | €6,300 | = |
| Distributable reserves133 | €0 | - | - | - | - | - |
| Profit (loss) carried forward14 | -€80,608 | -€62,668 | €37,044 | €55,292 | €258 | ▼ 99.5% |
| Amounts payable17/49 | €852,111 | €711,867 | €579,417 | €802,195 | €629,900 | ▼ 21.5% |
| Amounts payable after more than one year17 | €56,311 | €33,590 | €13,430 | €0 | €23,377 | - |
| Financial debts170/4 | €56,311 | €33,590 | €13,430 | €0 | €23,377 | - |
| Amounts payable within one year42/48 | €795,800 | €678,277 | €565,987 | €802,195 | €606,524 | ▼ 24.4% |
| Current portion of amounts payable after more than one year42 | €31,442 | €20,486 | €20,160 | €13,414 | €31,871 | ▲ 138% |
| Financial debts43 | €0 | - | - | - | - | - |
| Credit institutions430/8 | €0 | - | - | - | - | - |
| Trade debts44 | €372,733 | €419,132 | €273,647 | €448,901 | €240,488 | ▼ 46.4% |
| Suppliers440/4 | €372,733 | €419,132 | €273,647 | €448,901 | €240,488 | ▼ 46.4% |
| Advances received on contracts in progress46 | €0 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €319,627 | €198,773 | €272,180 | €339,880 | €299,272 | ▼ 11.9% |
| Taxes450/3 | €9,783 | €22,345 | €35,608 | €62,960 | €24,345 | ▼ 61.3% |
| Remuneration and social security454/9 | €309,844 | €176,428 | €236,572 | €276,921 | €274,927 | ▼ 0.7% |
| Other amounts payable47/48 | €71,997 | €39,887 | €0 | - | €34,894 | - |
| Accrued charges and deferred income492/3 | €0 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€80,608 | €17,940 | €101,876 | €18,248 | -€55,034 | ▼ 402% |
| + Depreciation and write-downs630 | €69,445 | €49,036 | €44,817 | €40,394 | €50,087 | ▲ 24.0% |
| Operating cash flow (approximation) | -€11,162 | €66,976 | €146,692 | €58,642 | -€4,947 | ▼ 108% |
| Investment in fixed assets (approximation) | - | -€28,639 | -€93,971 | €50,030 | -€99,944 | ▼ 300% |
| Change in cash | - | -€51,623 | €99 | €71 | -€258 | ▼ 461% |
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
Next filing, fiscal year 2026, expected by
2026
10-08
State Gazette act
Resignation: Corus Belgium BV (director)Appointments: Corus Belgium BV (director) and Opera-Signadens S.A. (director)8 facts ▸
State Gazette act
Resignation: Corus Belgium BV (director)
Appointments: Corus Belgium BV (director) and Opera-Signadens S.A. (director)8 facts ▸
- General meeting, 29-06-2026
- Director resignation, Corus Belgium BV (director)
- Director appointment, Corus Belgium BV (director)
- Director appointment, Opera-Signadens S.A. (director)
- Board composition, Edith Roumans (director)
- Board composition, Emile Roumans (director)
- Board composition, Corus Belgium BV (director)
- Board composition, Opera-Signadens S.A. (director)
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 184 days late
2023
31-12
Financial
Equity above €100,000Eq €106,344 ▲2,280%
2 profitable years in a row build equity to €106,344.
10-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 102 days late
2022
31-12
Financial
Back to profitnet €17,940
Net result €17,940 after 2 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
31-12
Financial
Weakest financial yearnet -€80,608
Net result drops to -€80,608, the lowest in the series; recovery starts the following year.
03-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 45 days late
2019
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 21 days late
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 8 days late
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 13 acts read
About the unread acts
Of the 13 Belgian State Gazette acts we know for this company, 1 has been read. The other 12 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, last change in 2026
Board 2
Corus Belgium BV
CurrentDirector · since 29-06-2026 · Legal entity · perm. rep.: Maxim Teerlinck
Opera-Signadens S.A.
CurrentDirector · since 29-06-2026 · Legal entity · perm. rep.: Juan Roma Vives
Permanent representatives 2
Juan Roma Vives
CurrentPermanent representative · since 29-06-2026 · for Opera-Signadens S.A.
Maxim Teerlinck
CurrentPermanent representative · since 29-06-2026 · for Corus Belgium BV
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
12 of this company's 13 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Maasmechelen · 1 establishment unit since 2005
Ground area
2,832 m²
Building footprint
1,118 m²
Parcel 73048B0546/00A000, Flanders. Linked by address, not a title deed.
1 establishment unit
MDL EUREGIO
since 20052.145.290.897
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73048B0546/00A000 | Flanders | 2,832 m² | 1 · 1,118 m² | - |
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.
Mandate history
2 people since 2026, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Corus Belgium BV |
|
| Opera-Signadens S.A. |
|
Structure & network
Owners and holdings
1 ownerChain of control
- Corus Europe B.V.NL
- Corus Belgium
- MDL EUREGIO
Highest known parent: Corus Europe B.V. (Netherlands). The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
The accounts to 31-12-2025 list no holdings, and no other source names one.
According to the 2025 annual accounts of MDL EUREGIO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Public money · subsidies and aid
Flemish government
2022 to 2023 · 3 entries · 678 EUR awarded · 774 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 2 | 500 EUR | 596 EUR |
| 2022 | 1 | 178 EUR | 178 EUR |
Recognitions · licences · registrations
Dual-learning approval
2 live approvals · 2 endedDentaaltechnicus duaal (so)
Onthaal, organisatie en sales duaal (so)
Show 2 ended approvals
Dentaaltechnicus duaal (so)
Tandprothesetechnicus (so)
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Of 1,248 companies in sector 32500 we hold annual accounts for 694. 507 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded08-12-2004
Fiscal year end31-12
Activities, NACEBEL 2025
32500Manufacture of medical and dental instruments and supplies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0870449195
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.