MDN INNOVATION

Active

Private limited companyfounded 2025active for 1 yearBergensesteenweg 24, 1600 Sint-Pieters-Leeuw, Belgium588 active companies are registered at this addressKBO/BCE: BE 1023.239.637

Summary

The computed 12-month bankruptcy probability of MDN INNOVATION is 2.7% (moderate). The 2025 annual accounts show equity of €33,196 and a net result of €33,196. Its solvency ranks better than 57% of 34,678 sector peers (NACE 43, financial year 2025). The company has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow Report Compare

MDN INNOVATIONActiveChecked score 52/100

Risk analysis Report Compare

Activity

Joinery installation

NACE 43320

1 site

Size

€62,180total assets 2025

Equity: €33,196
Profit: €33,196

Turnover not published (micro format)

Financial health

52 Fair Checked score 2025

Bankruptcy probabilitywithin 12 months: 2.7%

Structure

TINICA NICOLETADirector

2025 accounts filed 44 days late

Why 52raises riskFounded in 2025Size: total assets €62,180Last filed accounts filed 44 days late; 1 of the last 3 lateSector: Specialised construction activities (NACE 43)Show the evidence

Checked score

Score 2025

52 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 57% of its sector peers (NACE 43, micro)

Every signal that counts is listed under Signals.

Financial strength

Strong

Solvency 78

equity 53.4% of total assets

Liquidity 33

short-term debt 46.6% · cash 4.5%

Profitability 100

return on assets 53.4%

Bankruptcy probability, 12 months

2.7% Moderate

0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,613 companies, NACE 43, micro)

Last 24 months 06-2026: 1.9%lowest value 07-2026: 1.9%● unchanged vs 06-2026 08-2026: 2.0%▲ +0.1 percentage points vs 07-2026 09-2026: 2.4%▲ +0.4 percentage points vs 08-2026 10-2026: 2.7%▲ +0.3 percentage points vs 09-2026highest value

Credit of up to €1,500 on 30-day terms is acceptable

Liquidity ample (current ratio 2.15, above the usual 1.5; short-term debt: 46.6% and cash: 4.5% of total assets), and 46.6% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 43, micro): better than 58% on solvency, 21% on liquidity and 92% on profitability.

The bankruptcy probability was computed on 23-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

raises risk

Founded in 2025

Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.

KBO

Size: total assets €62,180

Companies of this size fail more often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Last filed accounts filed 44 days late; 1 of the last 3 late

NBB · filings

Sector: Specialised construction activities (NACE 43)

KBO

2025 accounts filed 44 days late

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-09-2026, 44 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.

NBB · 1 filing

Deviation from the deadline

2025

44 days late

← before the deadline after the deadline →

Searched, nothing found (1)

No strike-offs in the KBO publications

Searched since incorporation in 2025.

KBO publications · our coverage

13-09-2026 Annual accounts filedfinancial year 2025 · micro…
02-04-2026 Resignation: ROTARU CONSTANTIN-MADALIN (director)Appointment: TINICA NICOLETA (director)
14-05-2025 IncorporationShare issue · Founder ·…

Key points

Caution: Board changedlatest change 26-03-2026 · 1 in office 1 joined · 1 left View
Founded 17 months agofounded 12-05-2025 17 months View
Total assets 2025first financial year filed €62,180 View

By topic

Financials

Financial year: 2025
Total assets: €62,180
Profit: €33,196
Solvency: 53.4%

Go to Financials

Board & ownership

Board: 1 member

TINICA NICOLETADirector

Go to Board & ownership

Timeline

Events: 3
Since: 2025

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Joinery installationNACE 43320
Founded: 12-05-2025
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 25

Who signs: Each director alone
Annual meeting: Last Saturday of June at 20:00
Purpose: “Bouwonderneming zonder beperking van activiteit,gereglementeerde activiteiten worden…” (deed in Dutch)

Go to Articles of association

Key facts about MDN INNOVATION

What is the company number of MDN INNOVATION?: 1023.239.637. In Belgium the VAT number is the company number with BE in front: BE 1023.239.637.
Where is MDN INNOVATION based?: The registered office is at Bergensesteenweg 24, 1600 Sint-Pieters-Leeuw.Company details
What does MDN INNOVATION do?: According to the KBO register, the main activity is joinery installation (NACE 43320).
What is the legal form of MDN INNOVATION?: Private limited company (BV).
When was MDN INNOVATION founded?: On 12-05-2025.
Is MDN INNOVATION still active?: Yes, MDN INNOVATION is an active enterprise in the KBO register.
What is the turnover of MDN INNOVATION?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is MDN INNOVATION profitable?: In financial year 2025, MDN INNOVATION made a profit of €33,196.
Where can I find the annual accounts of MDN INNOVATION?: MDN INNOVATION filed 1 annual account with the National Bank of Belgium, for financial year 2025.