MDM Solutions
Open bankruptcyA bankruptcy procedure is open for MDM Solutions according to publications in the Belgian State Gazette; curator: XAVIER VAN GILS.
Summary
The file additionally contains 1 administrative flag. The 2023 annual accounts show negative equity (-€251,717) and a net result of -€263,083.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Walloon Brabant
- Declared bankrupt
- 13 November 2025
- Supervising judge
- Daniel Cuylits
- Official Gazette
- 19-11-2025 (pdf) ↗search the document for 2025/147655
Deadlines
- Appeal or third-party opposition until
- passed on 4 December 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 13 December 2025art. XX.104 and XX.155 CEL
- First verification report
- passed on 18 December 2025Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- 13 November 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Xavier Van GilsAvenue Reine Astrid 10, 1330 Rixensartxaviervangils@skynet.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€263,083▼ 2,947%
2022 · -€8,634
Working capital
-€488,504▼ 96.0%
2022 · -€249,223
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023
Operating result€4,051--€253,641
Net result-€8,634--€263,083▼ 2,947%
Equity€11,366--€251,717
Total assets€1.5m-€2.3m▲ 54.5%
Debt€1.5m-€2.5m▲ 72.9%
Working capital-€249,223--€488,504▼ 96.0%
Staff (FTE)3-2.3▼ 23.3%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €253,641 after €4,051 in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €2.3m
Fixed assets
€236,787 ▼ 9.1%
Current assets
€2.0m ▲ 68.2%
Key figures and ratios
EBITDA
-€222,755▼
2022 · €41,588
Cash flow
-€232,197▼
2022 · €28,903
Solvency
-11.1%▼
2022 · 0.8%
Current ratio
0.81▼
2022 · 0.83
Quick ratio
0.67▲
2022 · 0.66
Debt to equity
-10.02
ROA
-11.6%▼
2022 · -0.6%
Interest coverage
-23.58▼
2022 · 3.21
Debt ≤ 1 year
€2.5m▲
2022 · €1.5m
Staff costs
€161,906▲
2022 · €136,522
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Non-recurring operating income76A | €72,811 | - | - |
| Remuneration, social security and pensions62 | €136,522 | €161,906 | ▲ 18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37,537 | €30,886 | ▼ 17.7% |
| Other operating charges640/8 | €11,110 | €13,721 | ▲ 23.5% |
| Gross operating margin9900 | €189,220 | -€47,127 | ▼ 125% |
| Operating profit (loss)9901 | €4,051 | -€253,641 | ▼ 6,362% |
| Financial income75/76B | €268 | €4 | ▼ 98.5% |
| Recurring financial income75 | €268 | €4 | ▼ 98.5% |
| Financial charges65/66B | €12,953 | €9,446 | ▼ 27.1% |
| Recurring financial charges65 | €12,953 | €9,446 | ▼ 27.1% |
| Profit (loss) for the period before taxes9903 | -€8,634 | -€263,083 | ▼ 2,947% |
| Profit (loss) for the period9904 | -€8,634 | -€263,083 | ▼ 2,947% |
| Profit (loss) for the period to be appropriated9905 | -€8,634 | -€263,083 | ▼ 2,947% |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €1.5m | €2.3m | ▲ 54.5% |
| Fixed assets21/28 | €260,589 | €236,787 | ▼ 9.1% |
| Intangible fixed assets21 | €1,243 | €927 | ▼ 25.4% |
| Tangible fixed assets22/27 | €259,346 | €235,860 | ▼ 9.1% |
| Plant, machinery and equipment23 | - | €276 | - |
| Furniture and vehicles24 | €2,084 | €2,431 | ▲ 16.7% |
| Other tangible fixed assets26 | €257,262 | €233,152 | ▼ 9.4% |
| Current assets29/58 | €1.2m | €2.0m | ▲ 68.2% |
| Stocks and contracts in progress3 | €240,850 | €348,145 | ▲ 44.5% |
| Stocks30/36 | €240,850 | €348,145 | ▲ 44.5% |
| Amounts receivable within one year40/41 | €796,866 | €1.6m | ▲ 101% |
| Trade receivables40 | €784,716 | €1.5m | ▲ 86.7% |
| Other amounts receivable41 | €12,150 | €134,353 | ▲ 1,006% |
| Current investments50/53 | €37,496 | €37,486 | = |
| Cash at bank and in hand54/58 | €134,739 | €48,538 | ▼ 64.0% |
| Deferred charges and accrued income490/1 | - | €843 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €1.5m | €2.3m | ▲ 54.5% |
| Equity10/15 | €11,366 | -€251,717 | ▼ 2,315% |
| Contributions10/11 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€8,634 | -€271,717 | ▼ 3,047% |
| Amounts payable17/49 | €1.5m | €2.5m | ▲ 72.9% |
| Amounts payable within one year42/48 | €1.5m | €2.5m | ▲ 72.9% |
| Trade debts44 | €1.3m | €2.3m | ▲ 78.1% |
| Suppliers440/4 | €1.3m | €2.3m | ▲ 78.1% |
| Advances received on contracts in progress46 | €1,350 | - | - |
| Taxes, remuneration and social security45 | €31,263 | €88,894 | ▲ 184% |
| Taxes450/3 | €19,920 | €59,620 | ▲ 199% |
| Remuneration and social security454/9 | €11,343 | €29,273 | ▲ 158% |
| Other amounts payable47/48 | €140,000 | €142,381 | ▲ 1.7% |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€8,634 | -€263,083 | ▼ 2,947% |
| + Depreciation and write-downs630 | €37,537 | €30,886 | ▼ 17.7% |
| Operating cash flow (approximation) | €28,903 | -€232,197 | ▼ 903% |
| Investment in fixed assets (approximation) | - | -€7,084 | - |
| Change in cash | - | -€86,201 | - |
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
2026
23-02
KBO administration
Address struck
2025
19-11
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · event 13-11-2025
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 92 days late
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 70 days late
SignalNBB filing
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Waterloo · 1 establishment unit since 2021
Ground area
1,298 m²
Building footprint
465 m²
Volume, LiDAR
3,430 m³
Parcel 25762H0663/00_000, Wallonia · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MDM Solutions
since 20212.318.687.307
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25762H0663/00_000 | Wallonia | 1,298 m² | 1 · 465 m² | 10.2 m · 3 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | XAVIER VAN GILS AVENUE REINE ASTRID 10,
1330 RIXENSART |
13-11-2025 → present |
Identification & contact
Identification
Legal formPrivate limited company
Founded01-06-2021
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.