MDL-Projects
ActiveSummary
MDL-Projects has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11.88M and a net result of €60k. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 93% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability19▼-5
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €800k at 30 days acceptable
Liquidity ample (current ratio 62.86 against 55.56 in 2024; short-term debt: 1.5% and cash: 1.2% of total assets), and 5.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
94.3%
Return on assets
0.5%
Age of the figures
9 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 · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
17 d early
2023
30 d early
2022
3 d early
2021
29 d late
2020
38 d early
2019
on the day
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€11.88M▲ 0.2%
2024 · €11.86M
2018: €10.88Mlowest in 8 years
2019: €10.91M▲ +0.3% vs 2018
2020: €10.97M▲ +0.6% vs 2019
2021: €11.34M▲ +3.4% vs 2020
2022: €11.51M▲ +1.5% vs 2021
2023: €11.68M▲ +1.5% vs 2022
2024: €11.86M▲ +1.5% vs 2023
2025: €11.88M▲ +0.2% vs 2024highest in 8 years
2018 → 2025
Total assets
€12.61M▲ 0.3%
2024 · €12.57M
2018: €10.89Mlowest in 8 years
2019: €10.92M▲ +0.2% vs 2018
2020: €11.01M▲ +0.9% vs 2019
2021: €11.74M▲ +6.6% vs 2020
2022: €11.64M▼ -0.8% vs 2021
2023: €12.53M▲ +7.7% vs 2022
2024: €12.57M▲ +0.2% vs 2023
2025: €12.61M▲ +0.3% vs 2024highest in 8 years
2018 → 2025
Net result
€60k▼ 65.3%
2024 · €173k
2018: €-340klowest in 8 years
2019: €31k▲ +109% vs 2018
2020: €63k▲ +103% vs 2019
2021: €368k▲ +484% vs 2020highest in 8 years
2022: €165k▼ -55.1% vs 2021
2023: €177k▲ +6.8% vs 2022
2024: €173k▼ -2.2% vs 2023
2025: €60k▼ -65.3% vs 2024
2018 → 2025
Working capital
€11.57M▲ 1.0%
2024 · €11.46M
2018: €10.05Mlowest in 8 years
2019: €10.09M▲ +0.5% vs 2018
2020: €10.17M▲ +0.7% vs 2019
2021: €10.53M▲ +3.6% vs 2020
2022: €10.63M▲ +1.0% vs 2021
2023: €10.78M▲ +1.4% vs 2022
2024: €11.46M▲ +6.3% vs 2023
2025: €11.57M▲ +1.0% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€11.34M-€11.51M▲ 1.5%€11.68M▲ 1.5%€11.86M▲ 1.5%€11.88M▲ 0.2%
2021: €11.34Mlowest in 5 years
2022: €11.51M▲ +1.5% vs 2021
2023: €11.68M▲ +1.5% vs 2022
2024: €11.86M▲ +1.5% vs 2023
2025: €11.88M▲ +0.2% vs 2024highest in 5 years
Operating result€-36k-€91k€-40k€-2k▲ 95.4%€-52k▼ 2,777%
2021: €-36k
2022: €91k▲ +355% vs 2021highest in 5 years
2023: €-40k▼ -144% vs 2022
2024: €-2k▲ +95.4% vs 2023
2025: €-52k▼ -2777% vs 2024lowest in 5 years
Net result€368k-€165k▼ 55.1%€177k▲ 6.8%€173k▼ 2.2%€60k▼ 65.3%
2021: €368khighest in 5 years
2022: €165k▼ -55.1% vs 2021
2023: €177k▲ +6.8% vs 2022
2024: €173k▼ -2.2% vs 2023
2025: €60k▼ -65.3% vs 2024lowest in 5 years
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 €52k in 2025 against €2k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12.61M
Fixed assets
€850k ▼ 5.4%
Current assets
€11.76M ▲ 0.8%
Equity and liabilities €12.61M
Equity
€11.88M ▲ 0.2%
Debt
€724k ▲ 1.9%
Debt's share of the balance-sheet total rises from 5.7% to 5.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€-38k▼
2024 · €27k
Cash flow
€75k▼
2024 · €202k
Current ratio
62.86▲
2024 · 55.56
Quick ratio
54.61▲
2024 · 52.20
Debt to equity
0.06▲
2024 · 0.06
ROE
0.5%▼
2024 · 1.5%
ROA
0.5%▼
2024 · 1.4%
Interest coverage
-0.26▼
2024 · 0.37
Debt ≤ 1 year
€187k▼
2024 · €210k
Debt > 1 year
€500k=
2024 · €500k
Income taxes
€58k▼
2024 · €87k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€12.57M€12.61M▲
Fixed assets21/28€899k€850k▼
Tangible fixed assets22/27€91k€42k▼
Plant, machinery and equipment23€51k€38k▼
Furniture and vehicles24€40k€4k▼
Financial fixed assets28€808k€808k=
Current assets29/58€11.67M€11.76M▲
Amounts receivable after more than one year29€3.32M€3.59M▲
Other amounts receivable291€3.32M€3.59M▲
Stocks and contracts in progress3€707k€1.54M▲
Stocks30/36€707k€1.54M▲
Contracts in progress37-€6k
Amounts receivable within one year40/41€686k€536k▼
Trade receivables40€265k€36k▼
Other amounts receivable41€421k€500k▲
Current investments50/53€6.05M€5.93M▼
Cash at bank and in hand54/58€902k€147k▼
Deferred charges and accrued income490/1€5k€10k▲
Equity and liabilities
Total equity and liabilities10/49€12.57M€12.61M▲
Equity10/15€11.86M€11.88M▲
Contributions10/11€19k€19k=
Reserves13€11.84M€11.87M▲
Distributable reserves133€11.84M€11.87M▲
Amounts payable17/49€710k€724k▲
Amounts payable after more than one year17€500k€500k=
Other amounts payable178/9€500k€500k=
Amounts payable within one year42/48€210k€187k▼
Trade debts44€99k€118k▲
Suppliers440/4€99k€118k▲
Taxes, remuneration and social security45€91k€46k▼
Taxes450/3€91k€46k▼
Other amounts payable47/48€20k€23k▲
Accrued charges and deferred income492/3€15€37k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€15k▼
Other operating charges640/8€2k€13k▲
Gross operating margin9900€29k€-25k▼
Operating profit (loss)9901€-2k€-52k▼
Financial income75/76B€335k€312k▼
Recurring financial income75€335k€312k▼
Financial charges65/66B€73k€142k▲
Recurring financial charges65€73k€142k▲
Profit (loss) for the period before taxes9903€260k€117k▼
Income taxes67/77€87k€58k▼
Profit (loss) for the period9904€173k€60k▼
Profit (loss) for the period to be appropriated9905€173k€60k▼
Appropriation of the result
Profit (loss) to be appropriated9906€173k€60k▼
Transfer from equity791/2-€31k
Transfer to equity691/2€173k€60k▼
To other reserves6921€173k€60k▼
Profit to be distributed694/7-€31k
Return on contributions (dividend)694-€31k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €8k | €18k | €29k | €15k | ▼ 48.1% |
| Other operating charges640/8 | €2k | €3k | €2k | €2k | €13k | ▲ 476% |
| Gross operating margin9900 | €-28k | €102k | €-20k | €29k | €-25k | ▼ 186% |
| Operating profit (loss)9901 | €-36k | €91k | €-40k | €-2k | €-52k | ▼ 2,777% |
| Financial income75/76B | €642k | €275k | €385k | €335k | €312k | ▼ 6.8% |
| Recurring financial income75 | €642k | €275k | €385k | €335k | €312k | ▼ 6.8% |
| Financial charges65/66B | €57k | €95k | €67k | €73k | €142k | ▲ 94.4% |
| Recurring financial charges65 | €57k | €95k | €67k | €73k | €142k | ▲ 94.4% |
| Profit (loss) for the period before taxes9903 | €549k | €270k | €278k | €260k | €117k | ▼ 54.8% |
| Income taxes67/77 | €181k | €105k | €101k | €87k | €58k | ▼ 34.0% |
| Profit (loss) for the period9904 | €368k | €165k | €177k | €173k | €60k | ▼ 65.3% |
| Profit (loss) for the period to be appropriated9905 | €368k | €165k | €177k | €173k | €60k | ▼ 65.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €11.74M | €11.64M | €12.53M | €12.57M | €12.61M | ▲ 0.3% |
| Fixed assets21/28 | €810k | €872k | €902k | €899k | €850k | ▼ 5.4% |
| Tangible fixed assets22/27 | €5k | €67k | €95k | €91k | €42k | ▼ 53.7% |
| Plant, machinery and equipment23 | €80 | - | €40k | €51k | €38k | ▼ 25.9% |
| Furniture and vehicles24 | €5k | €67k | €55k | €40k | €4k | ▼ 89.6% |
| Financial fixed assets28 | €804k | €805k | €807k | €808k | €808k | = |
| Current assets29/58 | €10.93M | €10.77M | €11.63M | €11.67M | €11.76M | ▲ 0.8% |
| Amounts receivable after more than one year29 | €2.90M | €2.99M | €3.15M | €3.32M | €3.59M | ▲ 8.1% |
| Other amounts receivable291 | €2.90M | €2.99M | €3.15M | €3.32M | €3.59M | ▲ 8.1% |
| Stocks and contracts in progress3 | €647k | €212k | €350k | €707k | €1.54M | ▲ 118% |
| Stocks30/36 | €647k | €212k | €350k | €707k | €1.54M | ▲ 117% |
| Contracts in progress37 | - | - | - | - | €6k | - |
| Amounts receivable within one year40/41 | €289k | €364k | €755k | €686k | €536k | ▼ 21.9% |
| Trade receivables40 | - | €3k | €405k | €265k | €36k | ▼ 86.3% |
| Other amounts receivable41 | €289k | €361k | €351k | €421k | €500k | ▲ 18.6% |
| Current investments50/53 | €6.35M | €6.30M | €6.70M | €6.05M | €5.93M | ▼ 1.8% |
| Cash at bank and in hand54/58 | €742k | €897k | €675k | €902k | €147k | ▼ 83.7% |
| Deferred charges and accrued income490/1 | €3k | €2k | €3k | €5k | €10k | ▲ 106% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €11.74M | €11.64M | €12.53M | €12.57M | €12.61M | ▲ 0.3% |
| Equity10/15 | €11.34M | €11.51M | €11.68M | €11.86M | €11.88M | ▲ 0.2% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €11.32M | €11.49M | €11.66M | €11.84M | €11.87M | ▲ 0.2% |
| Distributable reserves133 | €11.32M | €11.49M | €11.66M | €11.84M | €11.87M | ▲ 0.2% |
| Amounts payable17/49 | €398k | €133k | €852k | €710k | €724k | ▲ 1.9% |
| Amounts payable after more than one year17 | - | - | - | €500k | €500k | = |
| Other amounts payable178/9 | - | - | - | €500k | €500k | = |
| Amounts payable within one year42/48 | €396k | €133k | €852k | €210k | €187k | ▼ 10.9% |
| Financial debts43 | €336k | - | €600k | - | - | - |
| Credit institutions430/8 | €336k | - | €600k | - | - | - |
| Trade debts44 | €12k | €89k | €169k | €99k | €118k | ▲ 18.3% |
| Suppliers440/4 | €12k | €89k | €169k | €99k | €118k | ▲ 18.3% |
| Taxes, remuneration and social security45 | €43k | €37k | €79k | €91k | €46k | ▼ 49.2% |
| Taxes450/3 | €43k | €37k | €79k | €91k | €46k | ▼ 49.2% |
| Remuneration and social security454/9 | - | €500 | - | - | - | - |
| Other amounts payable47/48 | €5k | €6k | €4k | €20k | €23k | ▲ 17.6% |
| Accrued charges and deferred income492/3 | €2k | €13 | - | €15 | €37k | ▲ 251,532% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €368k | €165k | €177k | €173k | €60k | ▼ 65.3% |
| + Depreciation and write-downs630 | €5k | €8k | €18k | €29k | €15k | ▼ 48.1% |
| Operating cash flow (approximation) | €373k | €174k | €195k | €202k | €75k | ▼ 62.9% |
| Investment in fixed assets (approximation) | - | €-71k | €-47k | €-26k | €34k | ▲ 231% |
| Change in cash | - | €155k | €-222k | €227k | €-755k | ▼ 432% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity quadruplescurrent ratio 55.56
Current ratio from 13.65 to 55.56; short-term debt falls from €852k to €210k.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity triplescurrent ratio 81.08
Current ratio from 27.62 to 81.08; short-term debt falls from €396k to €133k.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Highest result since 2018net €368k ▲484%
Net result €368k, the highest in the series.
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €31k
Net result €31k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
9 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, Olen · 1 establishment unit since 2007
Ground area
904 m²
Building footprint
294 m²
Volume, LiDAR
1,647 m³
Parcel 13029B0224/00G000, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
GREEN TEAM HOLDING
since 20072.159.933.543
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13029B0224/00G000 | Flanders | 904 m² | 1 · 294 m² | 10.2 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.
Recognitions · licences · registrations
Legal Entity Identifier
96760097VNT3K3HG9C48
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 5,991 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
Founded15-02-2007
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
71121Engineering and related technical consultancy, excluding land surveyors
82100Office administrative and support services
Scores and ratios are computed by Checked and are not a credit decision.