MDL PROJECTS
ActiveThe computed 12-month bankruptcy probability of MDL PROJECTS is 2.5% (moderate). The 2024 annual accounts show equity of €53k and a net result of €41k. Equity is growing by ~46.9% per year across the filed fiscal years. Its solvency ranks better than 47% of 9981 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
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+100
Solvency65▼-18
Growth78▲+46
Track record94
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 1.63 against 1.79 in 2023; short-term debt: 60.3% and cash: 29.5% of total assets), but 60.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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
39.7%
Return on assets
30.6%
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
61 d late
2021
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€53k▲ 335%
2023 · €12k
2021: €14k
2022: €19k
2023: €12k
2021 → 2024
Total assets
€134k▲ 534%
2023 · €21k
2021: €31k
2022: €39k
2023: €21k
2021 → 2024
Net result
€41k
2023 · €-7k
2021: €12k
2022: €5k
2023: €-7k
2021 → 2024
Working capital
€51k▲ 620%
2023 · €7k
2021: €8k
2022: €11k
2023: €7k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€14k-€19k▲ 38.2%€12k▼ 36.8%€53k▲ 335%
Operating result€12k-€10k▼ 14.7%€-7k€54k
Net result€12k-€5k▼ 53.5%€-7k€41k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €54k after a loss of €7k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €134k
Fixed assets
€2k▼ 55.2%
Current assets
€132k▲ 724%
Equity and liabilities €134k
Equity
€53k▲ 335%
Debt
€81k▲ 806%
The debt ratio rises from 42.2% to 60.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€57k▲
2023 · €-4k
Cash flow
€44k▲
2023 · €-4k
Solvency
39.7%▼
2023 · 57.8%
Current ratio
1.63▼
2023 · 1.79
Quick ratio
1.63▼
2023 · 1.79
Debt / equity
1.52▲
2023 · 0.73
ROE
77.0%▲
2023 · -58.2%
ROA
30.6%▲
2023 · -33.6%
Interest coverage
29.22▲
2023 · -23.39
Debt
€81k▲
2023 · €9k
Debt ≤ 1 year
€81k▲
2023 · €9k
Income taxes
€11k▲
2023 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€21k€134k▲
Fixed assets21/28€5k€2k▼
Tangible fixed assets22/27€5k€2k▼
Plant, machinery and equipment23€853€205▼
Furniture and vehicles24€4k€2k▼
Current assets29/58€16k€132k▲
Amounts receivable within one year40/41€6k€91k▲
Trade receivables40€6k€88k▲
Other amounts receivable41-€4k
Cash at bank and in hand54/58€8k€40k▲
Deferred charges and accrued income490/1€2k€1,000▼
Equity and liabilities
Total equity and liabilities10/49€21k€134k▲
Equity10/15€12k€53k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€10k€51k▲
Amounts payable17/49€9k€81k▲
Amounts payable within one year42/48€9k€81k▲
Trade debts44€3k€65k▲
Suppliers440/4€3k€65k▲
Taxes, remuneration and social security45€5k€11k▲
Taxes450/3€5k€11k▲
Other amounts payable47/48€988€4k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k=
Other operating charges640/8€2k€2k▲
Gross operating margin9900€-3k€59k▲
Operating profit (loss)9901€-7k€54k▲
Financial income75/76B€13€217▲
Recurring financial income75€13€217▲
Financial charges65/66B€176€2k▲
Recurring financial charges65€176€2k▲
Profit (loss) for the period before taxes9903€-7k€52k▲
Income taxes67/77€0€11k▲
Profit (loss) for the period9904€-7k€41k▲
Profit (loss) for the period to be appropriated9905€-7k€41k▲
Appropriation of the result
Profit (loss) to be appropriated9906€10k€51k▲
Profit (loss) brought forward from the previous period14P€17k€10k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Back to profitnet €41k
Net result €41k after one loss-making year.
28-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 120 days late
2023
31-12
Financial
Weakest financial yearnet €-7k ▼233%
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Waterloo · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Chemin des Noces 491410 WaterlooGround area
744 m²
Building footprint
157 m²
Volume, LiDAR
569 m³
Parcel 25110B0428/00L000, Wallonia · tallest building 5.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MDL PROJECTS
since 20212.320.366.001
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25110B0428/00L000 | Wallonia | 744 m² | 1 · 157 m² | 5.2 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
LADION
BE 0750.902.041
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EWAPD CONSTRUCT
BE 0834.096.862
Ukkel · Eq €53k
MAXI QUALITY
BE 0780.643.231
Asse · Eq €53k
PONTY GROUP
BE 0704.897.317
Anderlecht · Eq €53k
U.H.P.D CONSTRUCTION
BE 0877.669.460
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Of 29,801 companies in sector 41001 we hold annual accounts for 16,041. 13,121 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-06-2021
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
74103Other professional, scientific and technical activities
74120Graphic design and visual communication
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:mdlprojectsbelgium@gmail.com
Phone:+32 477 06 92 69