Summary
MDM has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €43.0m and a net result of €461,560. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 76% of 4926 sector peers (fiscal year 2025). The company has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 19-12-2025, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 d early
2024
48 d early
2023
51 d early
2022
11 d early
2021
42 d early
2020
2 d early
2019
52 d early
← 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 before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#1 company by total assets in Sint-Martens-Latem, Wholesale and retail trade sector#1 company by equity in Sint-Martens-Latem, Wholesale and retail trade sector
Turnover
€615,177▼ 1.0%
2024 · €621,693
EBIT margin
-46.2%▲ 185.8pp
2024 · -232.0%
Net result
€461,560▼ 79.8%
2024 · €2.3m
Working capital
-€759,447
2024 · €2.3m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Turnover€393,987▼ 3.8%€380,632▼ 3.4%€369,727▼ 2.9%€621,693▲ 68.1%€615,177▼ 1.0%
Operating result€1.3m▲ 656%-€110,921€1.3m-€1.4m-€284,066▲ 80.3%
Net result€1.6mabove the sector's middle half▼ 69.5%€534,368within the sector's middle half▼ 66.0%€5.3mabove the sector's middle half▲ 886%€2.3mabove the sector's middle half▼ 56.6%€461,560within the sector's middle half▼ 79.8%
EBIT margin330.2%▲ 288.2pp-29.1%▼ 359.4pp341.0%▲ 370.1pp-232.0%▼ 573.0pp-46.2%▲ 185.8pp
Equity€32.3mabove the sector's middle half▲ 4.4%€34.9mabove the sector's middle half▲ 8.2%€40.2mabove the sector's middle half▲ 15.1%€42.5mabove the sector's middle half▲ 5.7%€43.0mabove the sector's middle half▲ 1.1%
Total assets€51.1mabove the sector's middle half▲ 6.8%€61.0mabove the sector's middle half▲ 19.2%€62.8mabove the sector's middle half▲ 2.9%€62.7mabove the sector's middle half▼ 0.1%€61.6mabove the sector's middle half▼ 1.7%
Debt€18.6m▲ 9.8%€25.8m▲ 38.5%€22.3m▼ 13.5%€19.9m▼ 10.7%€18.4m▼ 7.7%
Working capital€3.4m▼ 11.0%-€1.8m€4.5m€2.3m▼ 48.5%-€759,447
Solvency63.1%above the sector's middle half▼ 1.5pp57.3%within the sector's middle half▼ 5.8pp64.1%above the sector's middle half▲ 6.8pp67.8%above the sector's middle half▲ 3.7pp69.7%above the sector's middle half▲ 1.9pp
Staff (FTE)0.2below the sector's middle half1.9below the sector's middle half▲ 850%1.9below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €284,066 in 2025 against €1.4m in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €61.6m
Fixed assets
€58.6m ▲ 5.2%
Current assets
€2.9m ▼ 57.3%
Equity and liabilities €61.6m
Equity
€43.0m ▲ 1.1%
Provisions
€251,431 ▼ 1.0%
Debt
€18.4m ▼ 7.7%
Debt's share of the balance-sheet total falls from 31.8% to 29.8%. Equity is higher and debt is lower.
Key figures and ratios
ROE
1.1%▼
2024 · 5.4%
ROA
0.7%▼
2024 · 3.6%
Debt ≤ 1 year
€3.7m▼
2024 · €4.6m
Debt > 1 year
€14.6m▼
2024 · €15.2m
Income taxes
€946▼
2024 · €1,011
Staff costs
€243,887▲
2024 · €232,775
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €796,622 | €1.9m | €1.0m | €1.1m | ▲ 8.5% |
| Turnover70 | €393,987 | €380,632 | €369,727 | €621,693 | €615,177 | ▼ 1.0% |
| Other operating income74 | - | €415,990 | €402,170 | €387,732 | €433,223 | ▲ 11.7% |
| Non-recurring operating income76A | - | - | €1.2m | €0 | €47,000 | - |
| Operating charges60/66A | - | €907,543 | €666,770 | €2.5m | €1.4m | ▼ 43.7% |
| Goods for resale, raw materials and consumables60 | - | €25,247 | €15,236 | €23,625 | €25,749 | ▲ 9.0% |
| Purchases600/8 | - | €34,069 | €21,164 | €21,225 | €37,593 | ▲ 77.1% |
| Change in stocks: decrease (increase)609 | - | -€8,822 | -€5,928 | €2,400 | -€11,845 | ▼ 593% |
| Services and other goods61 | - | €602,753 | €364,208 | €609,665 | €559,005 | ▼ 8.3% |
| Remuneration, social security and pensions62 | - | - | €9,808 | €232,775 | €243,887 | ▲ 4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €154,021 | €241,344 | €224,274 | €214,636 | €209,807 | ▼ 2.3% |
| Other operating charges640/8 | - | €38,198 | €53,244 | €34,793 | €41,020 | ▲ 17.9% |
| Non-recurring operating charges66A | - | - | - | €1.3m | €300,000 | ▼ 77.5% |
| Operating profit (loss)9901 | €1.3m | -€110,921 | €1.3m | -€1.4m | -€284,066 | ▲ 80.3% |
| Financial income75/76B | - | €2.3m | €4.8m | €5.6m | €2.8m | ▼ 50.8% |
| Recurring financial income75 | €1.3m | €2.0m | €4.7m | €4.2m | €2.8m | ▼ 34.6% |
| Income from financial fixed assets750 | - | €1.6m | €4.0m | €4.0m | €2.6m | ▼ 35.1% |
| Income from current assets751 | - | €246,498 | €726,156 | €182,188 | €121,356 | ▼ 33.4% |
| Other financial income752/9 | - | €135,402 | €679 | €23,617 | €32,456 | ▲ 37.4% |
| Non-recurring financial income76B | - | €298,913 | €110,352 | €1.4m | €9,295 | ▼ 99.3% |
| Financial charges65/66B | - | €1.6m | €378,614 | €1.9m | €2.0m | ▲ 6.9% |
| Recurring financial charges65 | €663,044 | €685,305 | €378,614 | €1.1m | €531,107 | ▼ 52.7% |
| Debt charges650 | €651,889 | €672,553 | €365,612 | €409,393 | €439,220 | ▲ 7.3% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | - | €676,102 | €66,059 | ▼ 90.2% |
| Other financial charges652/9 | - | €12,752 | €13,002 | €36,400 | €25,828 | ▼ 29.0% |
| Non-recurring financial charges66B | - | €934,947 | - | €769,761 | €1.5m | ▲ 93.7% |
| Profit (loss) for the period before taxes9903 | €1.9m | €594,355 | €5.7m | €2.3m | €459,861 | ▼ 79.9% |
| Transfer from deferred taxes780 | - | €2,645 | €2,645 | €2,645 | €2,645 | = |
| Income taxes67/77 | €93,253 | €62,632 | €437,758 | €1,011 | €946 | ▼ 6.5% |
| Taxes670/3 | - | €62,632 | €437,758 | €1,011 | €946 | ▼ 6.5% |
| Profit (loss) for the period9904 | €1.6m | €534,368 | €5.3m | €2.3m | €461,560 | ▼ 79.8% |
| Transfer from tax-exempt reserves789 | - | €7,934 | €7,934 | €7,934 | €7,934 | = |
| Transfer to tax-exempt reserves689 | - | €53,073 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €836,744 | €489,230 | €5.3m | €2.3m | €469,494 | ▼ 79.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €51.1m | €61.0m | €62.8m | €62.7m | €61.6m | ▼ 1.7% |
| Fixed assets21/28 | €46.2m | €53.8m | €52.4m | €55.8m | €58.6m | ▲ 5.2% |
| Tangible fixed assets22/27 | €7.3m | €9.2m | €8.9m | €8.8m | €8.9m | ▲ 0.9% |
| Land and buildings22 | - | €5.5m | €5.3m | €5.2m | €5.1m | ▼ 1.8% |
| Plant, machinery and equipment23 | - | €3.5m | €3.4m | €3.4m | €3.4m | ▼ 0.5% |
| Furniture and vehicles24 | - | €102,720 | €58,159 | €86,126 | €256,114 | ▲ 197% |
| Other tangible fixed assets26 | - | €127,908 | €127,908 | €127,908 | €143,908 | ▲ 12.5% |
| Financial fixed assets28 | €38.9m | €44.6m | €43.5m | €47.0m | €49.8m | ▲ 6.0% |
| Affiliated companies280/1 | - | €15.5m | €15.3m | €15.7m | €15.5m | ▼ 1.4% |
| Participating interests280 | - | €8.3m | €8.3m | €8.5m | €9.2m | ▲ 8.2% |
| Amounts receivable281 | - | €7.2m | €7.0m | €7.3m | €6.3m | ▼ 12.7% |
| Companies linked by participating interests282/3 | - | €29.1m | €28.2m | €31.2m | €28.2m | ▼ 9.7% |
| Participating interests282 | - | €25.9m | €25.0m | €28.3m | €24.9m | ▼ 12.0% |
| Amounts receivable283 | - | €3.3m | €3.2m | €2.9m | €3.3m | ▲ 13.0% |
| Other financial fixed assets284/8 | - | - | - | - | €6.0m | - |
| Shares284 | - | - | - | - | €6.0m | - |
| Current assets29/58 | €4.9m | €7.2m | €10.4m | €6.9m | €2.9m | ▼ 57.3% |
| Amounts receivable after more than one year29 | - | €3.7m | €3.9m | €1.3m | €1.2m | ▼ 5.1% |
| Trade receivables290 | - | - | €3.9m | - | - | - |
| Other amounts receivable291 | - | €3.7m | - | €1.3m | €1.2m | ▼ 5.1% |
| Stocks and contracts in progress3 | - | €8,822 | €14,749 | €12,349 | €24,194 | ▲ 95.9% |
| Stocks30/36 | - | €8,822 | €14,749 | €12,349 | €24,194 | ▲ 95.9% |
| Goods purchased for resale34 | - | €8,822 | €14,749 | €12,349 | €24,194 | ▲ 95.9% |
| Amounts receivable within one year40/41 | €382,789 | €248,752 | €99,317 | €138,702 | €113,811 | ▼ 17.9% |
| Trade receivables40 | - | €55,122 | €26,568 | €113,164 | €82,236 | ▼ 27.3% |
| Other amounts receivable41 | - | €193,630 | €72,749 | €25,538 | €31,576 | ▲ 23.6% |
| Current investments50/53 | €1.1m | €3.0m | €4.5m | €5.3m | €1.4m | ▼ 73.0% |
| Other investments51/53 | - | €3.0m | €4.5m | €5.3m | €1.4m | ▼ 73.0% |
| Cash at bank and in hand54/58 | €180,959 | €102,785 | €1.8m | €155,540 | €138,798 | ▼ 10.8% |
| Deferred charges and accrued income490/1 | - | €23,216 | €13,541 | €16,934 | €26,211 | ▲ 54.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €51.1m | €61.0m | €62.8m | €62.7m | €61.6m | ▼ 1.7% |
| Equity10/15 | €32.3m | €34.9m | €40.2m | €42.5m | €43.0m | ▲ 1.1% |
| Contributions10/11 | €4.3m | €5.3m | €5.3m | €5.3m | €5.3m | = |
| Capital10 | - | €5.3m | €5.3m | €5.3m | €5.3m | = |
| Issued capital100 | - | €5.3m | €5.3m | €5.3m | €5.3m | = |
| Reserves13 | €10.7m | €10.9m | €10.9m | €10.9m | €10.9m | ▼ 0.1% |
| Non-distributable reserves130/1 | - | €526,050 | €526,050 | €526,050 | €526,050 | = |
| Legal reserve130 | - | €526,050 | €526,050 | €526,050 | €526,050 | = |
| Tax-exempt reserves132 | - | €778,093 | €770,159 | €762,224 | €754,290 | ▼ 1.0% |
| Distributable reserves133 | - | €9.6m | €9.6m | €9.6m | €9.6m | = |
| Profit (loss) carried forward14 | €17.3m | €18.8m | €24.0m | €26.3m | €26.8m | ▲ 1.8% |
| Provisions and deferred taxes16 | €244,318 | €259,366 | €256,721 | €254,076 | €251,431 | ▼ 1.0% |
| Deferred taxes168 | - | €259,366 | €256,721 | €254,076 | €251,431 | ▼ 1.0% |
| Amounts payable17/49 | €18.6m | €25.8m | €22.3m | €19.9m | €18.4m | ▼ 7.7% |
| Amounts payable after more than one year17 | €17.0m | €16.7m | €16.4m | €15.2m | €14.6m | ▼ 3.9% |
| Financial debts170/4 | - | €450,000 | €270,000 | €90,000 | €0 | ▼ 100% |
| Credit institutions173 | - | €450,000 | €270,000 | €90,000 | €0 | ▼ 100% |
| Other amounts payable178/9 | - | €16.3m | €16.1m | €15.1m | €14.6m | ▼ 3.4% |
| Amounts payable within one year42/48 | €1.5m | €8.9m | €5.9m | €4.6m | €3.7m | ▼ 19.6% |
| Current portion of amounts payable after more than one year42 | - | €180,000 | €180,000 | €180,000 | €90,000 | ▼ 50.0% |
| Financial debts43 | - | €8.7m | €5.6m | €2.7m | €3.2m | ▲ 16.7% |
| Credit institutions430/8 | - | €8.7m | €5.6m | €2.7m | €3.2m | ▲ 16.7% |
| Trade debts44 | €40,047 | €10,570 | €42,331 | €77,006 | €16,556 | ▼ 78.5% |
| Suppliers440/4 | - | €10,570 | €42,331 | €77,006 | €16,556 | ▼ 78.5% |
| Taxes, remuneration and social security45 | - | - | €4,857 | €62,443 | €40,980 | ▼ 34.4% |
| Taxes450/3 | - | - | - | €35,377 | €26,050 | ▼ 26.4% |
| Remuneration and social security454/9 | - | - | €4,857 | €27,066 | €14,930 | ▼ 44.8% |
| Other amounts payable47/48 | - | €100,111 | €69,802 | €1.6m | €408,806 | ▼ 74.3% |
| Accrued charges and deferred income492/3 | - | €116,270 | €35,109 | €116,620 | €81,313 | ▼ 30.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.6m | €534,368 | €5.3m | €2.3m | €461,560 | ▼ 79.8% |
| + Depreciation and write-downs630 | €154,021 | €241,344 | €224,274 | €214,636 | €209,807 | ▼ 2.3% |
| Operating cash flow (approximation) | €1.7m | €775,712 | €5.5m | €2.5m | €671,367 | ▼ 73.1% |
| Investment in fixed assets (approximation) | - | -€7.8m | €1.2m | -€3.6m | -€3.1m | ▲ 13.4% |
| Change in cash | - | -€78,174 | €1.7m | -€1.7m | -€16,742 | ▲ 99.0% |
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
20-03
State Gazette act
Incorporation · Founder
Founding capital · Bank account · Sylvie Lefevre
09-01
State Gazette act
General meeting · Merger
Dissolution · Share cancellation
2025
19-12
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
14-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
11-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
30-06
Financial
Highest result since 2019net €5.3m ▲886%
Net result €5.3m, the highest in the series.
30-06
Financial
Liquidity doublescurrent ratio 1.76
Current ratio from 0.80 to 1.76; short-term debt falls from €8.9m to €5.9m.
20-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
20-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
Financial
Back to profitnet €5.2m
Net result €5.2m after one loss-making year.
03-01
State Gazette act
General meeting · Approval
Capital increase · Share issue · Bart Drieskens
Show earlier events
2019
10-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
10-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
12-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
10-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 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
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
13 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, Sint-Martens-Latem · 3 establishment units since 1989
Ground area
7,901 m²
Building footprint
1,971 m²
Volume, LiDAR
12,283 m³
3 parcels, Flanders · tallest building 24.3 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
3 establishment units
MDM
since 19892.044.999.332
MDM
since 20102.184.385.461
MDM
since 20212.325.796.318
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44015A0301/00M009 | Flanders | 4,774 m² | 1 · 394 m² | 24.3 m · 2 fl. |
| 34452B0753/00T000 | Flanders | 1,617 m² | 1 · 521 m² | 8.2 m · 1 fl. |
| 34040C1249/00W002 | Flanders | 1,510 m² | 1 · 1,056 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
16 holdings · 5 subsidiaries in the treeOwners 0
The accounts to 30-06-2025 list no shareholders, and no other source names one.
Holdings 16
-
100%
-
99.79%
-
95.59%
-
52%
- SEA REAL ESTATEPLSourceown accounts 30-06-202550%
-
45.77%
-
43.33%
-
40%
-
36.14%
-
33.93%
Show 6 more holdings
- Breeze Beverwijk BVNLSourceown accounts 30-06-202531.67%
- Washington Street Corp.USSourceown accounts 30-06-202523.81%
-
22.5%
-
20.01%
-
15.57%
-
11.3%
Stated earlier (1)
An older source named these holdings; newer accounts no longer list them.
-
8.5%
All subsidiaries, including indirect ones 5
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
TMCM BUILDINGS 100%1 subsidiary
- CANTALUPOIT 100%
- LOMAT INTERNATIONAL 99.79%
- SEACORIN 95.59%
- BUCA INVEST 52%
According to the annual accounts to 30-06-2025 of MDM 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
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTook over:TMCM BUILDINGS
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 3,423 EUR awarded · 3,415 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,147 EUR | 3,147 EUR |
| 2024 | 1 | 276 EUR | 268 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
967600ABLLH9048CVE09
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Of 4,414 companies in sector 46180 we hold annual accounts for 1,887. 55 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
Founded01-09-1989
Fiscal year end30-06
Activities, NACEBEL 2025
46180Agents specialised in the wholesale of other particular products
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0438363289
Also
9925:BE0438363289
Registered
06-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.