Turnover
≈ €77,000 estimated
The micro format states no turnover.
MDL@Work
Lifetime
2 annual accounts with figures on one time axispeak €36,245 (2024)
€7,634▼ 78.9%
peak €30,952 (2024)
€4,519▼ 85.4%
peak €28,471 (2025)
€28,471▲ 18.9%
€9,679▼ 44.6%
Board1 name since 2024
1 directorDE LAET Mario Albert Maria
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from €36,245 to €7,634Result from €30,952 to €4,519Equity from €23,952 to €28,471Debts from €17,479 to €9,679Cash from €25,103 to €2,211
Key points
from the 2025 annual accountsLiquidity
3.94 was 2.37 in 2024
Short-term debts fell from €17,479 to €9,679.
Position in the sector
74.6%
Higher solvency than 80% of companies in specialised construction. Sector median 46.7% · 35,125 companies.
2025 accounts filed 31 days after the deadline
Checked score
52
Fair
Financially stronger than 55% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.7% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
08-2025: 1.9%
09-2025: 1.9%● unchanged vs 08-2025
10-2025: 2.3%▲ +0.4 percentage points vs 09-2025
11-2025: 2.4%▲ +0.1 percentage points vs 10-2025
12-2025: 1.0%▼ -1.4 percentage points vs 11-2025
01-2026: 1.0%● unchanged vs 12-2025lowest value
02-2026: 1.1%▲ +0.1 percentage points vs 01-2026
03-2026: 1.1%● unchanged vs 02-2026
04-2026: 1.1%● unchanged vs 03-2026
05-2026: 1.0%▼ -0.1 percentage points vs 04-2026
06-2026: 1.1%▲ +0.1 percentage points vs 05-2026
07-2026: 1.1%● unchanged vs 06-2026
08-2026: 1.7%▲ +0.6 percentage points vs 07-2026
09-2026: 2.7%▲ +1.0 percentage point vs 08-2026highest value
10-2026: 2.7%● unchanged vs 09-2026highest value
11-2026: 2.7%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Founded in 2024
Size: total assets €38,151
Last filed accounts filed 31 days late; 2 of the last 3 accounts late
Sector: Specialised construction activities (NACE 43)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 81% of them on solvency, 39% on liquidity, 33% on profitability and 66% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as MDL@Work has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MDL@Work itself is higher: 2.7% within 12 months. It rests on far more data about MDL@Work than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for MDL@Work. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.94 (2.37 in 2024), above the usual 1.5. Short-term debt is 25.4% and cash 5.8% of total assets. 25.4% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
raises risk
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filingsDeviation from the deadline
2025
31 days late
2024
110 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 71 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1010987052
Incorporation
Founding capital of €3,000, 100 shares · Founder: DE LAET Mario Albert Maria · Appointment: DE LAET Mario Albert Maria (director) · published on 03-07-2024 · Gazette deed
First establishment
Kerkwegels 14, Beveren-Kruibeke-Zwijndrecht
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MDL@Work Beveren-Kruibeke-Zwijndrecht | €38,151 | €7,634 | 74.6% | - |
| Eigenaardig Grobbendonk | €37,569 | €8,580 | 38.9% | - |
| AVASY Ghent | €42,426 | €9,709 | 41.3% | - |
| MAGNUM PROJECT Molenbeek-Saint-Jean | €51,745 | €9,902 | 42.1% | - |
| MDM Plafonnage Fleurus | €24,726 | €5,765 | 14.0% | - |
| RENOVAVLAD Pont-à-Celles | €41,296 | €13,416 | 18.1% | - |
| EDF FLOOR Antwerp | €56,118 | €6,771 | 88.2% | - |
These companies have the same main activity as MDL@Work: plastering work (NACE 43310). They are comparable in size and age: total assets between €24,700 and €56,100, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 01-07-2024Normal situation
- Activity
- Plastering workNACE 43310and 6 others
- Establishment unit
- 2.364.630.7629150 Beveren-Kruibeke-Zwijndrecht, since 01-07-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 28-01-2026
Insights on MDL@Work
The computed 12-month bankruptcy probability of MDL@Work is 2.7% (moderate). The 2025 annual accounts show equity of €28,471 and a net result of €4,519.
Its solvency ranks better than 80% of 35,125 sector peers (NACE 43, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MDL@Work
- What is the company number of MDL@Work?
- The company number of MDL@Work is 1010.987.052. The VAT number is the same number with BE in front: BE 1010.987.052.
- Where is MDL@Work based?
- The registered office is at Kerkwegels 14, 9150 Beveren-Kruibeke-Zwijndrecht.Company details
- What does MDL@Work do?
- According to the KBO register, the main activity is plastering work (NACE 43310).
- What is the legal form of MDL@Work?
- MDL@Work is a private limited company (BV).
- When was MDL@Work founded?
- MDL@Work was founded on 01-07-2024.
- Is MDL@Work still active?
- Yes, MDL@Work is an active enterprise in the KBO register.
- What is the turnover of MDL@Work?
- The turnover in financial year 2025 is ≈ €77,000. This figure is estimated from the gross margin of €7,634 and 159 comparable companies (NACE 433). It probably lies between €45,000 and €160,000. It is a rough estimate.Financials
- Is MDL@Work profitable?
- In financial year 2025, MDL@Work made a profit of €4,519.
- Where can I find the annual accounts of MDL@Work?
- MDL@Work filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MDL@Work due?
- MDL@Work must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.