MDN
ActiveMDN has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €141k and a net result of €24k. Equity is growing by ~18.8% per year across the filed fiscal years. Its solvency ranks better than 48% of 1306 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
70
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability77▲+2
Solvency66▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 2.15 against 1.82 in 2023; short-term debt: 10.5% and cash: 9.7% of total assets), but 59.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Sector 52
higher
← fewer bankruptcies
more bankruptcies →
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 23-06-2025, 38 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
49 d early
2022
40 d early
2021
39 d early
2020
11 d late
2019
11 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€141k▲ 20.5%
2023 · €117k
2018: €49k
2019: €60k
2020: €74k
2021: €82k
2022: €100k
2023: €117k
2018 → 2024
Total assets
€347k▲ 3.0%
2023 · €337k
2018: €341k
2019: €320k
2020: €332k
2021: €357k
2022: €363k
2023: €337k
2018 → 2024
Net result
€24k▲ 39.1%
2023 · €17k
2018: €1k
2019: €11k
2020: €14k
2021: €8k
2022: €18k
2023: €17k
2018 → 2024
Working capital
€42k▲ 44.4%
2023 · €29k
2018: €4k
2019: €22k
2020: €27k
2021: €29k
2022: €5k
2023: €29k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€74k-€82k▲ 10.5%€100k▲ 22.4%€117k▲ 17.2%€141k▲ 20.5%
Operating result€22k-€12k▼ 47.6%€28k▲ 145%€26k▼ 8.4%€29k▲ 12.7%
Net result€14k-€8k▼ 43.6%€18k▲ 137%€17k▼ 5.8%€24k▲ 39.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 13% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €347k
Fixed assets
€269k▼ 1.4%
Current assets
€78k▲ 21.4%
Equity and liabilities €347k
Equity
€141k▲ 20.5%
Debt
€206k▼ 6.4%
The debt ratio falls from 65.2% to 59.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€70k▲
2023 · €67k
Cash flow
€64k▲
2023 · €58k
Solvency
40.7%▲
2023 · 34.8%
Current ratio
2.15▲
2023 · 1.82
Quick ratio
1.37▲
2023 · 0.92
Debt / equity
1.46▼
2023 · 1.87
ROE
17.0%▲
2023 · 14.7%
ROA
6.9%▲
2023 · 5.1%
Interest coverage
17.63▲
2023 · 16.09
Debt
€206k▼
2023 · €220k
Debt ≤ 1 year
€36k▲
2023 · €36k
Debt > 1 year
€169k▼
2023 · €184k
Income taxes
€5k▲
2023 · €5k
Staff costs
€713▲
2023 · €59
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€337k€347k▲
Fixed assets21/28€273k€269k▼
Tangible fixed assets22/27€273k€269k▼
Land and buildings22€238k€219k▼
Plant, machinery and equipment23€9k€17k▲
Furniture and vehicles24€26k€33k▲
Current assets29/58€65k€78k▲
Stocks and contracts in progress3€32k€29k▼
Stocks30/36€32k€29k▼
Amounts receivable within one year40/41€14k€15k▲
Trade receivables40€13k€15k▲
Other amounts receivable41€871€753▼
Cash at bank and in hand54/58€18k€34k▲
Deferred charges and accrued income490/1€952€919▼
Equity and liabilities
Total equity and liabilities10/49€337k€347k▲
Equity10/15€117k€141k▲
Contributions10/11€8k€8k=
Reserves13€40k€40k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€40k€40k=
Profit (loss) carried forward14€69k€93k▲
Amounts payable17/49€220k€206k▼
Amounts payable after more than one year17€184k€169k▼
Financial debts170/4€184k€169k▼
Amounts payable within one year42/48€36k€36k▲
Current portion of amounts payable after more than one year42€29k€35k▲
Trade debts44€4k€855▼
Suppliers440/4€4k€855▼
Taxes, remuneration and social security45€404€873▲
Taxes450/3€404€873▲
Remuneration and social security454/9€0-
Other amounts payable47/48€2k€41▼
Income statement
Code20232024
Non-recurring operating income76A-€8k
Remuneration, social security and pensions62€59€713▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41k€40k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€69k€72k▲
Operating profit (loss)9901€26k€29k▲
Financial income75/76B€0€4k▲
Recurring financial income75€0€0▲
Non-recurring financial income76B-€4k
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Non-recurring financial charges66B€0-
Profit (loss) for the period before taxes9903€22k€29k▲
Income taxes67/77€5k€5k▲
Profit (loss) for the period9904€17k€24k▲
Profit (loss) for the period to be appropriated9905€17k€24k▲
Appropriation of the result
Profit (loss) to be appropriated9906€69k€93k▲
Profit (loss) brought forward from the previous period14P€52k€69k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €24k ▲39.1%
Operating result €29k, net result €24k, both a record.
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €100k ▲22.4%
5 profitable years in a row build equity to €100k.
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
2020
11-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 11 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Aalst · 1 establishment unit since 2017
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.
Waverstraat 1129310 AalstGround area
912 m²
Building footprint
202 m²
Volume, LiDAR
918 m³
Parcel 41042C0984/00Z000, Flanders · tallest building 8.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MDN
since 20172.261.987.837
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41042C0984/00Z000 | Flanders | 912 m² | 1 · 202 m² | 8.8 m · 1 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 393 EUR awarded · 393 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 195 EUR | 195 EUR |
| 2024 | 1 | 198 EUR | 198 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 275 companies in sector 52241 we hold annual accounts for 212. 123 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-01-2017
Fiscal year end31-12
Activities, NACEBEL
52241Warehousing and support activities for transportation
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.