MDNVERSE
ActiveSummary
MDNVERSE has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2,092 and a net result of €17,409. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 32023 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency31▼-26
Growth58▼-20
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 32023 sector peers (2025).
NBB · sector comparisonPosition among 32023 sector peers
Solvency
better than 13%
← weakest
strongest →
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 16-03-2026, 137 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
137 d early
2024
31 d early
2023
45 d early
2022
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 61 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 23 June (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€2,092▼ 80.4%
2024 · €10,683
Total assets
€37,999▲ 13.2%
2024 · €33,559
Net result
€17,409▲ 51.7%
2024 · €11,473
Working capital
-€1,502
2024 · €4,497
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€5,477--€5,703€15,529€23,519▲ 51.5%
Net result€3,887within the sector's middle half--€5,926below the sector's middle half€11,473within the sector's middle half€17,409within the sector's middle half▲ 51.7%
Equity€5,137below the sector's middle half--€790below the sector's middle half€10,683below the sector's middle half€2,092below the sector's middle half▼ 80.4%
Total assets€11,979below the sector's middle half-€23,442below the sector's middle half▲ 95.7%€33,559below the sector's middle half▲ 43.2%€37,999below the sector's middle half▲ 13.2%
Debt€6,842-€24,231▲ 254%€22,876▼ 5.6%€35,907▲ 57.0%
Working capital-€1,432below the sector's middle half--€7,766below the sector's middle half▼ 442%€4,497within the sector's middle half-€1,502below the sector's middle half
Solvency42.9%within the sector's middle half--3.4%below the sector's middle half▼ 46.2pp31.8%within the sector's middle half▲ 35.2pp5.5%below the sector's middle half▼ 26.3pp
Current ratio0.79below the sector's middle half-0.68below the sector's middle half▼ 0.111.20within the sector's middle half▲ 0.520.96below the sector's middle half▼ 0.24
Return on assets (ROA)32.4%above the sector's middle half--25.3%below the sector's middle half▼ 57.7pp34.2%above the sector's middle half▲ 59.5pp45.8%above the sector's middle half▲ 11.6pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 51% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €37,999
Fixed assets
€3,594 ▼ 41.9%
Current assets
€34,405 ▲ 25.7%
Equity and liabilities €37,999
Equity
€2,092 ▼ 80.4%
Debt
€35,907 ▲ 57.0%
Debt's share of the balance-sheet total rises from 68.2% to 94.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€27,512▲
2024 · €19,886
Cash flow
€21,402▲
2024 · €15,830
Debt to equity
17.16▲
2024 · 2.14
ROE
832.0%▲
2024 · 107.4%
Interest coverage
110.19▼
2024 · 113.95
Debt ≤ 1 year
€35,907▲
2024 · €22,876
Income taxes
€5,863▲
2024 · €3,882
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,157 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 94% are still going.
- Micro
- 2 to 5 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
3.0%
went bankrupt
2.8%
stopped otherwise
94%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,157 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,315 | €3,551 | €4,357 | €3,993 | ▼ 8.4% |
| Other operating charges640/8 | - | €63 | €434 | €480 | ▲ 10.5% |
| Gross operating margin9900 | €6,792 | -€2,090 | €20,320 | €27,992 | ▲ 37.8% |
| Operating profit (loss)9901 | €5,477 | -€5,703 | €15,529 | €23,519 | ▲ 51.5% |
| Financial income75/76B | €15 | - | - | €3 | - |
| Recurring financial income75 | €15 | - | - | €3 | - |
| Financial charges65/66B | €31 | €50 | €175 | €250 | ▲ 43.1% |
| Recurring financial charges65 | €31 | €50 | €175 | €250 | ▲ 43.1% |
| Profit (loss) for the period before taxes9903 | €5,461 | -€5,753 | €15,355 | €23,272 | ▲ 51.6% |
| Income taxes67/77 | €1,575 | €173 | €3,882 | €5,863 | ▲ 51.0% |
| Profit (loss) for the period9904 | €3,887 | -€5,926 | €11,473 | €17,409 | ▲ 51.7% |
| Profit (loss) for the period to be appropriated9905 | €3,887 | -€5,926 | €11,473 | €17,409 | ▲ 51.7% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €11,979 | €23,442 | €33,559 | €37,999 | ▲ 13.2% |
| Formation expenses20 | €643 | - | - | - | - |
| Fixed assets21/28 | €5,925 | €6,976 | €6,187 | €3,594 | ▼ 41.9% |
| Intangible fixed assets21 | - | - | €535 | €409 | ▼ 23.5% |
| Tangible fixed assets22/27 | €5,925 | €6,976 | €5,651 | €3,185 | ▼ 43.6% |
| Furniture and vehicles24 | €5,925 | €6,976 | €5,651 | €3,185 | ▼ 43.6% |
| Current assets29/58 | €5,410 | €16,466 | €27,372 | €34,405 | ▲ 25.7% |
| Amounts receivable within one year40/41 | - | €12,476 | €10,890 | €4,207 | ▼ 61.4% |
| Trade receivables40 | - | €11,614 | €10,890 | €4,070 | ▼ 62.6% |
| Other amounts receivable41 | - | €862 | - | €137 | - |
| Cash at bank and in hand54/58 | €5,410 | €3,990 | €16,482 | €30,112 | ▲ 82.7% |
| Deferred charges and accrued income490/1 | - | - | - | €86 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €11,979 | €23,442 | €33,559 | €37,999 | ▲ 13.2% |
| Equity10/15 | €5,137 | -€790 | €10,683 | €2,092 | ▼ 80.4% |
| Contributions10/11 | €1,250 | €1,250 | €1,250 | €1,250 | = |
| Reserves13 | €3,800 | - | €9,000 | - | - |
| Distributable reserves133 | €3,800 | - | €9,000 | - | - |
| Profit (loss) carried forward14 | €87 | -€2,040 | €433 | €842 | ▲ 94.4% |
| Amounts payable17/49 | €6,842 | €24,231 | €22,876 | €35,907 | ▲ 57.0% |
| Amounts payable within one year42/48 | €6,842 | €24,231 | €22,876 | €35,907 | ▲ 57.0% |
| Financial debts43 | €1,596 | €471 | €432 | €406 | ▼ 6.1% |
| Credit institutions430/8 | €1,596 | €471 | €432 | €406 | ▼ 6.1% |
| Trade debts44 | €154 | €20,397 | €8,767 | €390 | ▼ 95.6% |
| Suppliers440/4 | €154 | €20,397 | €8,767 | €390 | ▼ 95.6% |
| Taxes, remuneration and social security45 | €5,074 | €865 | €11,427 | €6,118 | ▼ 46.5% |
| Taxes450/3 | €5,074 | €865 | €7,760 | €6,118 | ▼ 21.2% |
| Remuneration and social security454/9 | - | - | €3,668 | - | - |
| Other amounts payable47/48 | €18 | €2,499 | €2,249 | €28,994 | ▲ 1,189% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,887 | -€5,926 | €11,473 | €17,409 | ▲ 51.7% |
| + Depreciation and write-downs630 | €1,315 | €3,551 | €4,357 | €3,993 | ▼ 8.4% |
| Operating cash flow (approximation) | €5,202 | -€2,375 | €15,830 | €21,402 | ▲ 35.2% |
| Investment in fixed assets (approximation) | - | -€4,601 | -€3,567 | -€1,400 | ▲ 60.7% |
| Change in cash | - | -€1,421 | €12,492 | €13,630 | ▲ 9.1% |
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
Next filing, fiscal year 2026, expected by
2026
16-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2022net €17,409 ▲51.7%
Operating result €23,519, net result €17,409, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €11,473
Net result €11,473 after one loss-making year.
16-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€5,926
Net result drops to -€5,926, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Elsene · 1 establishment unit since 2022
Ground area
1,625 m²
Building footprint
1,286 m²
Volume, LiDAR
34,999 m³
Parcel 21807G0001/00L000, Brussels · tallest building 33.9 m, ±9 floors. Linked by address, not a title deed.
376
companies at this address
See who is registered here
1 establishment unit
MDNVERSE
since 20222.333.868.203
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0001/00L000 | Brussels | 1,625 m² | 1 · 1,286 m² | 33.9 m · 9 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.
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Of 82,641 companies in sector 70200 we hold annual accounts for 52,636. 8,756 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-07-2022
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
62100Computer programming
63100Computing infrastructure, data processing, hosting and related activities
73110Advertising agencies
74120Graphic design and visual communication
E-invoicing
Reachable via Peppol
Peppol ID
0208:0788813601
Registered
31-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.