Turnover
≈ €170,000 estimated
The micro format states no turnover.
MDN
Lifetime
8 annual accounts with figures on one time axispeak €49,004 (2025)
€49,004▲ 7.0%
lowest -€26,806 (2021)
€5,731▼ 62.1%
peak €27,936 (2025)
€27,936▲ 25.8%
€49,790▼ 16.3%
Board3 names since 2020
1 directorNezirovich Miki
Documentsfilings and deeds
08-06-202653 days before the deadline
2025micro format
Result from €15,141 to €5,731Resignation: Dragana Nezirovich (director) 06-10Equity from €22,205 to €27,936Debts from €59,485 to €49,790Cash from €1,991 to €3,297
Key points
from the 2025 annual accountsFilings
8 annual accounts 3 late
The 2022 accounts came latest: 63 days after the end of the period.
At the same address
329 companies
Checked score
54
Fair
Financially stronger than 54% of micro companies in land transport (NACE 49)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 9,092 companies (NACE 49, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 7.1%
01-2025: 6.9%▼ -0.2 percentage points vs 12-2024
02-2025: 6.9%● unchanged vs 01-2025
03-2025: 7.0%▲ +0.1 percentage points vs 02-2025
04-2025: 7.1%▲ +0.1 percentage points vs 03-2025
05-2025: 7.1%● unchanged vs 04-2025highest value
06-2025: 6.9%▼ -0.2 percentage points vs 05-2025
07-2025: 4.8%▼ -2.1 percentage points vs 06-2025
08-2025: 4.8%● unchanged vs 07-2025
09-2025: 4.8%● unchanged vs 08-2025
10-2025: 4.3%▼ -0.5 percentage points vs 09-2025
11-2025: 4.1%▼ -0.2 percentage points vs 10-2025
12-2025: 4.1%● unchanged vs 11-2025
01-2026: 4.1%● unchanged vs 12-2025
02-2026: 4.1%● unchanged vs 01-2026
03-2026: 4.0%▼ -0.1 percentage points vs 02-2026
04-2026: 3.7%▼ -0.3 percentage points vs 03-2026
05-2026: 4.3%▲ +0.6 percentage points vs 04-2026
06-2026: 4.2%▼ -0.1 percentage points vs 05-2026
07-2026: 1.5%▼ -2.7 percentage points vs 06-2026lowest value
08-2026: 1.5%● unchanged vs 07-2026lowest value
09-2026: 1.5%● unchanged vs 08-2026lowest value
10-2026: 1.5%● unchanged vs 09-2026lowest value
11-2026: 2.0%▲ +0.5 percentage points vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Sector: Land transport and transport via pipelines (NACE 49)
Size: total assets €77,726
1 change of registered office in 24 months
lowers risk
Figures for financial year 2025 (filed on 11-06-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 49, micro). It does better than 48% of them on solvency, 36% on liquidity, 61% on profitability and 70% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 26,972 companies had the same profile as MDN has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MDN itself is higher: 2.0% within 12 months. It rests on far more data about MDN than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for MDN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.28 (0.93 in 2024), below the usual 1.5. Short-term debt is 36.9% and cash 4.2% of total assets. 64.1% of the assets are financed with debt and provisions.
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Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-06-2026, 53 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
53 days early
2024
41 days early
2023
33 days early
2022
63 days late
2021
61 days late
2020
31 days late
2019
18 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 1 day after the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 June (4 of the last 5 accounts filed within 93 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
NM
Nezirovich Miki
Director
- NEZIROVIC,Mirnes 933 sharesdeed of 24-12-2020
Recent changes
Registered office moved from Wilrijk to Wilrijk Antwerpen
New registered office: kernenergiestraat 19 bus A02 2610 Wilrijk Antwerpen · Previous registered office: Sneeuwbeslaan 4, bus 001 2610 Wilrijk · Board meeting of 24-09-2026 · Gazette deed
Resignation: Dragana Nezirovich (director)
Director discharge: Dragana Nezirovich · General meeting of 09-09-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0690676523
Registered office moved within Antwerp
New registered office: Sneeuwbeslaan 4/001, 2610 Antwerpen · Previous registered office: Sneeuwbeslaan 4/201, 2610 Antwerpen · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MDN Antwerp | €77,726 | €49,004 | 35.9% | - |
| SI-Trans Turnhout | €79,295 | €38,608 | 68.9% | - |
| Ellie Transport Duffel | €76,538 | €38,512 | 54.4% | - |
| Euromets Antwerp | €81,897 | €62,293 | 29.6% | - |
| SNEGOR-DK Charleroi | €69,339 | €49,368 | 61.8% | - |
| AYAZ TRANS Genk | €68,439 | €45,341 | 42.1% | - |
| SAAKIAN RENOV Merchtem | €78,646 | €60,497 | 44.8% | - |
These companies have the same main activity as MDN: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €68,400 and €81,900, founded between 2017 and 2018.
Official details
Source: KBO- Status
- Active since 16-02-2018Normal situation
- Registered office
- 330 active companies are registered at this address37 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Freight transport by roadNACE 49410
- Establishment unit
- 2.276.555.1582610 Antwerp, since 16-02-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 29-07-2024
Annual accounts 2025
- €77,726▼ 4.9%
- Filing
- Filed on 08-06-2026, 53 days before the end of the filing period
Insights on MDN
MDN files the micro format. That format states no turnover. The gross margin rose from €5,876 in 2018 to €49,004 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MDN
- What is the company number of MDN?
- The company number of MDN is 0690.676.523. The VAT number is the same number with BE in front: BE 0690.676.523.
- Where is MDN based?
- The registered office is at Kernenergiestraat 19, 2610 Antwerp.Company details
- What does MDN do?
- According to the KBO register, the main activity is freight transport by road (NACE 49410).
- What is the legal form of MDN?
- MDN is a private limited company (BV).
- When was MDN founded?
- MDN was founded on 16-02-2018.
- Is MDN still active?
- Yes, MDN is an active enterprise in the KBO register.
- What is the turnover of MDN?
- The turnover in financial year 2025 is ≈ €170,000. This figure is estimated from the gross margin of €49,004 and 58 comparable companies (NACE 49410). It probably lies between €130,000 and €260,000.Financials
- Is MDN profitable?
- In financial year 2025, MDN made a profit of €5,731.
- Where can I find the annual accounts of MDN?
- MDN filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MDN due?
- MDN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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