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MDM

Active
Private limited companyfounded 20205 yrs activeKoningshoflei 9, 2900 Schoten, BelgiumKBO/BCE: BE 0757.632.158
Summary

MDM has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €72,024 and a net result of €47,507. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 33% of 19918 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability100▲+1
Solvency74▼-26
Growth52=
Track record94
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 1.87 against 9.85 in 2023; short-term debt: 51.3% and cash: 19.9% of total assets), but 51.3% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
not confirmed
2024
37 d early
2023
51 d early
2022
4 d early
2021
44 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 34 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 29 October 2020, MDM was incorporated as a Private limited company.1 Total assets went from EUR 127,095 in 2021 to EUR 148,002 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€72,024▼ 67.9%
2023 · €224,516
Total assets
€148,002▼ 40.6%
2023 · €249,103
Net result
€47,507▼ 23.0%
2023 · €61,693
Working capital
€65,872▼ 69.7%
2023 · €217,556
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 86, Human health activities, 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
Line2021202220232024
Operating result€83,653-€119,092▲ 42.4%€77,939▼ 34.6%€58,436▼ 25.0%
Net result€66,750within the sector's middle half-€93,573within the sector's middle half▲ 40.2%€61,693within the sector's middle half▼ 34.1%€47,507within the sector's middle half▼ 23.0%
Equity€69,250within the sector's middle half-€162,823within the sector's middle half▲ 135%€224,516within the sector's middle half▲ 37.9%€72,024within the sector's middle half▼ 67.9%
Total assets€127,095below the sector's middle half-€197,657within the sector's middle half▲ 55.5%€249,103within the sector's middle half▲ 26.0%€148,002within the sector's middle half▼ 40.6%
Debt€57,845-€34,834▼ 39.8%€24,587▼ 29.4%€75,979▲ 209%
Working capital€65,799-€156,114▲ 137%€217,556▲ 39.4%€65,872▼ 69.7%
Solvency54.5%within the sector's middle half-82.4%within the sector's middle half▲ 27.9pp90.1%above the sector's middle half▲ 7.8pp48.7%within the sector's middle half▼ 41.5pp
above within below the middle half (P25 to P75) of NACE 86, Human health activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€50,000€100,000Operating result 2021: €83,653€83,653Net result 2021: €66,750€66,750Operating result 2022: €119,092€119,092Net result 2022: €93,573€93,573Operating result 2023: €77,939€77,939Net result 2023: €61,693€61,693Operating result 2024: €58,436€58,436Net result 2024: €47,507€47,5072021202220232024€0€50,000€100,000Operating result 2022: €119,092€119,000Net result 2022: €93,573€93,600Operating result 2023: €77,939€77,900Net result 2023: €61,693€61,700Operating result 2024: €58,436€58,400Net result 2024: €47,507€47,500202220232024
The operating result has fallen two years in a row; 2024 is 25% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €148,002
Fixed assets €6,151 ▼ 11.6%
Current assets €141,851 ▼ 41.4%
Equity and liabilities €148,002
Equity €72,024 ▼ 67.9%
Debt €75,979 ▲ 209%
Debt's share of the balance-sheet total rises from 9.9% to 51.3%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€61,722▼
2023 · €80,781
Cash flow
€50,794▼
2023 · €64,536
Current ratio
1.87▼
2023 · 9.85
Debt to equity
1.05▲
2023 · 0.11
ROE
66.0%▲
2023 · 27.5%
ROA
32.1%▲
2023 · 24.8%
Interest coverage
425.35▲
2023 · -1145.99
Debt ≤ 1 year
€75,979▲
2023 · €24,587
Income taxes
€13,134▼
2023 · €16,388
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.5% went bankrupt
3.4% stopped otherwise
95% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 26,970 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 43 lines
Balance sheet Code20232024
Assets
Total assets20/58€249,103€148,002▼
Fixed assets21/28€6,960€6,151▼
Tangible fixed assets22/27€6,960€6,151▼
Plant, machinery and equipment23€3,608€2,575▼
Furniture and vehicles24€3,352€3,577▲
Current assets29/58€242,143€141,851▼
Amounts receivable within one year40/41€11,105€10,665▼
Trade receivables40€6,105€8,396▲
Other amounts receivable41€5,000€2,270▼
Current investments50/53€17,951€100,019▲
Cash at bank and in hand54/58€213,087€29,432▼
Deferred charges and accrued income490/1€0€1,735▲
Equity and liabilities
Total equity and liabilities10/49€249,103€148,002▼
Equity10/15€224,516€72,024▼
Contributions10/11€2,500€2,500=
Reserves13€222,016€69,524▼
Distributable reserves133€222,016€69,524▼
Profit (loss) carried forward14-€0
Amounts payable17/49€24,587€75,979▲
Amounts payable within one year42/48€24,587€75,979▲
Trade debts44€4,788€8,830▲
Suppliers440/4€4,788€8,830▲
Taxes, remuneration and social security45€6,309€13,809▲
Taxes450/3€6,309€13,809▲
Other amounts payable47/48€13,490€53,339▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,842€3,287▲
Other operating charges640/8€493€505▲
Gross operating margin9900€81,274€62,228▼
Operating profit (loss)9901€77,939€58,436▼
Financial income75/76B€72€2,350▲
Recurring financial income75€72€2,350▲
Financial charges65/66B-€70€145▲
Recurring financial charges65-€70€145▲
Profit (loss) for the period before taxes9903€78,081€60,641▼
Income taxes67/77€16,388€13,134▼
Profit (loss) for the period9904€61,693€47,507▼
Profit (loss) for the period to be appropriated9905€61,693€47,507▼
Appropriation of the result
Profit (loss) to be appropriated9906€61,693€47,507▼
Transfer from equity791/2-€152,493
Transfer to equity691/2€61,693€0▼
To other reserves6921€61,693€0▼
Profit to be distributed694/7-€200,000
Return on contributions (dividend)694-€200,000

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,320€1,847€2,842€3,287▲ 15.6%
Other operating charges640/8€101€0€493€505▲ 2.4%
Gross operating margin9900€86,074€120,939€81,274€62,228▼ 23.4%
Operating profit (loss)9901€83,653€119,092€77,939€58,436▼ 25.0%
Financial income75/76B-€70€72€2,350▲ 3,164%
Recurring financial income75-€70€72€2,350▲ 3,164%
Financial charges65/66B€35€326-€70€145▲ 306%
Recurring financial charges65€35€326-€70€145▲ 306%
Profit (loss) for the period before taxes9903€83,618€118,835€78,081€60,641▼ 22.3%
Income taxes67/77€16,868€25,263€16,388€13,134▼ 19.9%
Profit (loss) for the period9904€66,750€93,573€61,693€47,507▼ 23.0%
Profit (loss) for the period to be appropriated9905€66,750€93,573€61,693€47,507▼ 23.0%
Line2021202220232024Change
Assets
Total assets20/58€127,095€197,657€249,103€148,002▼ 40.6%
Fixed assets21/28€3,451€6,709€6,960€6,151▼ 11.6%
Tangible fixed assets22/27€3,451€6,709€6,960€6,151▼ 11.6%
Plant, machinery and equipment23-€3,674€3,608€2,575▼ 28.6%
Furniture and vehicles24€3,451€3,035€3,352€3,577▲ 6.7%
Current assets29/58€123,644€190,948€242,143€141,851▼ 41.4%
Amounts receivable within one year40/41€30,296€6,821€11,105€10,665▼ 4.0%
Trade receivables40€30,296€6,821€6,105€8,396▲ 37.5%
Other amounts receivable41--€5,000€2,270▼ 54.6%
Current investments50/53-€5,762€17,951€100,019▲ 457%
Cash at bank and in hand54/58€93,348€174,643€213,087€29,432▼ 86.2%
Deferred charges and accrued income490/1-€3,722€0€1,735-
Equity and liabilities
Total equity and liabilities10/49€127,095€197,657€249,103€148,002▼ 40.6%
Equity10/15€69,250€162,823€224,516€72,024▼ 67.9%
Contributions10/11€2,500€2,500€2,500€2,500=
Reserves13€66,750€160,323€222,016€69,524▼ 68.7%
Distributable reserves133€66,750€160,323€222,016€69,524▼ 68.7%
Profit (loss) carried forward14---€0-
Amounts payable17/49€57,845€34,834€24,587€75,979▲ 209%
Amounts payable within one year42/48€57,845€34,834€24,587€75,979▲ 209%
Trade debts44€25,039€9,091€4,788€8,830▲ 84.4%
Suppliers440/4€25,039€9,091€4,788€8,830▲ 84.4%
Taxes, remuneration and social security45€16,868€17,131€6,309€13,809▲ 119%
Taxes450/3€16,868€17,131€6,309€13,809▲ 119%
Other amounts payable47/48€15,938€8,613€13,490€53,339▲ 295%
Line2021202220232024Change
Profit (loss) for the period9904€66,750€93,573€61,693€47,507▼ 23.0%
+ Depreciation and write-downs630€2,320€1,847€2,842€3,287▲ 15.6%
Operating cash flow (approximation)€69,071€95,420€64,536€50,794▼ 21.3%
Investment in fixed assets (approximation)--€5,105-€3,094-€2,478▲ 19.9%
Change in cash-€81,294€38,444-€183,655▼ 578%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
24-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Weakest financial yearnet €47,507 ▼23%
Net result drops to €47,507, the lowest in the series.
10-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Equity above €200,000Eq €224,516 ▲37.9%
3 profitable years in a row build equity to €224,516.
27-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Highest result since 2021net €93,573 ▲40.2%
Operating result €119,092, net result €93,573, both a record.
31-12
Financial Liquidity triplescurrent ratio 5.48
Current ratio from 2.14 to 5.48; short-term debt falls from €57,845 to €34,834.
31-12
Financial Equity above €150,000Eq €162,823 ▲135%
2 profitable years in a row build equity to €162,823.
17-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Schoten · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
2,309 m²
Building footprint
398 m²
Volume, LiDAR
2,473 m³
Parcel 11040D0151/00M014, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
MDM
Koningshoflei 9, 2900 SchotenManufacture of medical and dental instruments and supplies
since 20202.309.376.988
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11040D0151/00M014 Flanders 2,309 m² 1 · 398 m² 10.8 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.

Similar companies · same sector, comparable size

Of 6,945 companies in sector 86230 we hold annual accounts for 4,296. 3,401 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
Founded29-10-2020
Fiscal year end31-12
Activities, NACEBEL 2025
86230Dental practice
E-invoicing
Reachable via Peppol
Peppol ID 0208:0757632158
Also 9925:BE0757632158
Registered 17-06-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.