Equity
-€58,411
Debts exceed assets in financial year 2025.
MDN CONCEPT
Lifetime
10 annual accounts with figures on one time axispeak €264,997 (2019)
€108,840▼ 43.7%
lowest -€76,430 (2016)
-€47,668▲ €22,217
peak €129,379 (2021)
-€58,411▼ €47,668
€125,935▼ 26.8%
peak 7.2 FTE (2019)
-not published
Board3 names since 2015
1 director
Documentsfilings and deeds
09-10-202670 days late
2025micro format
Gross margin from €193,151 to €108,840Loss of €47,668Equity from -€10,743 to -€58,411Debts from €172,050 to €125,935Cash from €109,092 to €17,756
Key points
from the 2025 annual accountsLosses
-€187,790 in four years
Every financial year from 2022 to 2025 closed with a loss. 2024 was the heaviest.
Debts
€125,935 187% of the balance sheet
Suppliers 32%Taxes and wages 43%Other 25%
Staff
4 FTE from 7.2 in 2019
Between 2019 and 2025, 44% of the full-time equivalents disappeared.
Filings
10 annual accounts 70 days
Latest accounts filed late: after the legal deadline.
Position in the sector
-€47,668
Lower net result than 95% of companies in food and beverage service. Sector median €4,675 · 18,476 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 6,909 companies had the same profile as MDN CONCEPT has now. Each dot stands for 18 companies, two years later.
85.4%
were still trading
8.1%
stopped another way
5.8%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 6,909 companies, not a prediction for MDN CONCEPT. 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
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
Appointment: (director)
General meeting of 03-08-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0628519616
Resignation: (manager)
General meeting of 14-04-2018 · Gazette deed
Incorporation
published on 14-04-2015 · Gazette deed
Comparable companies
same main activity, similar in size and ageThese companies have the same main activity as MDN CONCEPT: cafés and bars (NACE 56301). They are comparable in size and age: total assets between €61,400 and €79,700, founded between 2014 and 2017.
Official details
Source: KBO- Status
- Active since 10-04-2015Normal situation
- Activity
- Cafés and barsNACE 56301and 1 other
- Joint committee
- 302Hotels and catering · annual accounts 2025
- Establishment unit
- 2.241.804.1171000 Brussels, since 10-04-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 24-10-2025
Annual accounts 2025
- ≈ €290,000estimated
- €67,524▼ 58.1%
- Employeeson 31-12-2025
- 3=
- Filing
- Filed on 09-10-2026
Insights on MDN CONCEPT
MDN CONCEPT files the micro format. That format states no turnover. The gross margin rose from -€31,127 in 2016 to €108,840 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 CONCEPT
- What is the company number of MDN CONCEPT?
- The company number of MDN CONCEPT is 0628.519.616. The VAT number is the same number with BE in front: BE 0628.519.616.
- Where is MDN CONCEPT based?
- The registered office is at Karel de Grotelaan 21, 1000 Brussels.Company details
- What does MDN CONCEPT do?
- According to the KBO register, the main activity is cafés and bars (NACE 56301).
- What is the legal form of MDN CONCEPT?
- MDN CONCEPT is a private limited company (pre-2019) (BVBA).
- When was MDN CONCEPT founded?
- MDN CONCEPT was founded on 10-04-2015.
- Is MDN CONCEPT still active?
- Yes, MDN CONCEPT is an active enterprise in the KBO register.
- How many employees does MDN CONCEPT have?
- MDN CONCEPT had an average of 4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does MDN CONCEPT fall under?
- In its 2025 annual accounts, MDN CONCEPT states joint committee 302 (Hotels and catering).
- What is the turnover of MDN CONCEPT?
- The turnover in financial year 2025 is ≈ €290,000. This figure is estimated from the gross margin of €108,840 and 32 comparable companies (NACE 56301). It probably lies between €260,000 and €370,000.
- Is MDN CONCEPT profitable?
- In financial year 2025, MDN CONCEPT made a loss of €47,668.
- Where can I find the annual accounts of MDN CONCEPT?
- MDN CONCEPT filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MDN CONCEPT due?
- MDN CONCEPT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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