MDL WORKS
ActiveThe computed 12-month bankruptcy probability of MDL WORKS is 1.9% (moderate). The 2025 annual accounts show equity of €51k and a net result of €14k. Equity is growing by ~30.3% per year across the filed fiscal years. Its solvency ranks better than 92% of 7757 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability98▼-2
Solvency100▲+9
Growth52=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 6.83 against 2.41 in 2024; short-term debt: 13.1% and cash: 22% of total assets), and 13.1% 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.
−lowers risk+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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
86.9%
Return on assets
23.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 5 filingsDeviation from the deadline
2025
28 d late
2024
13 d late
2023
25 d late
2022
28 d late
2021
23 d late
← before the deadline
after the deadline →
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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€51k▲ 33.6%
2024 · €39k
2021: €19k
2022: €22k
2023: €26k
2024: €39k
2021 → 2025
Total assets
€59k▲ 0.8%
2024 · €59k
2021: €34k
2022: €35k
2023: €38k
2024: €59k
2021 → 2025
Net result
€14k▼ 18.1%
2024 · €17k
2021: €19k
2022: €4k
2023: €4k
2024: €17k
2021 → 2025
Working capital
€45k▲ 58.8%
2024 · €29k
2021: €14k
2022: €19k
2023: €21k
2024: €29k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€19k-€22k▲ 17.1%€26k▲ 15.9%€39k▲ 50.7%€51k▲ 33.6%
Operating result€26k-€6k▼ 76.6%€6k▼ 1.5%€25k▲ 316%€21k▼ 13.2%
Net result€19k-€4k▼ 78.4%€4k▼ 13.1%€17k▲ 379%€14k▼ 18.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 13% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €59k
Fixed assets
€6k▼ 38.8%
Current assets
€53k▲ 8.9%
Equity and liabilities €59k
Equity
€51k▲ 33.6%
Debt
€8k▼ 61.5%
The debt ratio falls from 34.4% to 13.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€25k▼
2024 · €28k
Cash flow
€18k▼
2024 · €21k
Solvency
86.9%▲
2024 · 65.6%
Current ratio
6.83▲
2024 · 2.41
Quick ratio
6.83▲
2024 · 2.41
Debt / equity
0.15▼
2024 · 0.52
ROE
26.7%▼
2024 · 43.5%
ROA
23.2%▼
2024 · 28.5%
Interest coverage
8.57▼
2024 · 10.95
Debt
€8k▼
2024 · €20k
Debt ≤ 1 year
€8k▼
2024 · €20k
Income taxes
€6k▼
2024 · €6k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€59k€59k▲
Fixed assets21/28€10k€6k▼
Tangible fixed assets22/27€10k€6k▼
Plant, machinery and equipment23€3k€1k▼
Furniture and vehicles24€7k€5k▼
Current assets29/58€49k€53k▲
Amounts receivable within one year40/41€31k€38k▲
Trade receivables40€14k€15k▲
Other amounts receivable41€17k€24k▲
Cash at bank and in hand54/58€16k€13k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€59k€59k▲
Equity10/15€39k€51k▲
Contributions10/11€1k€1k=
Outside capital11€1k€1k=
Other1109/19€1k€1k=
Reserves13€38k€50k▲
Distributable reserves133€38k€50k▲
Amounts payable17/49€20k€8k▼
Amounts payable within one year42/48€20k€8k▼
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€14k€4k▼
Taxes450/3€9k€446▼
Remuneration and social security454/9€6k€4k▼
Other amounts payable47/48€4k€560▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▲
Other operating charges640/8€686€705▲
Gross operating margin9900€29k€26k▼
Operating profit (loss)9901€25k€21k▼
Financial income75/76B€839€1k▲
Recurring financial income75€839€1k▲
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€23k€20k▼
Income taxes67/77€6k€6k▼
Profit (loss) for the period9904€17k€14k▼
Profit (loss) for the period to be appropriated9905€17k€14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€17k€14k▼
Transfer to equity691/2€13k€13k▼
To other reserves6921€13k€13k▼
Profit to be distributed694/7€4k€800▼
Return on contributions (dividend)694€800€800=
Directors or managers695€3k-
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
31-12
Financial
Liquidity triplescurrent ratio 6.83
Current ratio from 2.41 to 6.83; short-term debt falls from €20k to €8k.
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 13 days late
2024
25-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 25 days late
2023
31-12
Financial
Weakest financial yearnet €4k ▼13.1%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 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, Heist-op-den-Berg · 1 establishment unit since 2020
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.
Heibloemstraat 122220 Heist-op-den-BergGround area
2,057 m²
Building footprint
172 m²
Volume, LiDAR
970 m³
Parcel 12322G0776/00D000, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MDL WORKS
since 20202.301.547.110
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12322G0776/00D000 | Flanders | 2,057 m² | 1 · 172 m² | 7.4 m · 2 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
PAESEN pomp & sproei
BE 0741.799.679
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AQUA CELSIUS
BE 0781.560.474
Lasne · Eq €52k
PT INVEST
BE 0558.879.554
Brugge · Eq €51k
L HEAT
BE 0764.638.825
Sint-Genesius-Rode · Eq €51k
WoVi
BE 0748.914.729
Willebroek · Eq €51k
Of 7,042 companies in sector 43221 we hold annual accounts for 3,468. 2,962 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-04-2020
Fiscal year end31-12
Activities, NACEBEL
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:mdlworks72@gmail.com