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MDO DENTISTRY

Active
Private limited companyfounded 2023active for 3 yearsOrval,Villers 5, 6823 Florenville, BelgiumKBO/BCE: BE 0802.347.772

Financials · financial year 2025, micro format

2025 annual accounts filed 18 days after the deadline Filed on 18 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00425631.

Annual accounts 2025 filed on 18-08-2026 at the NBB all 3 filings

Turnover
≈ €150,000
Estimated: probably between €120,000 and €200,000
Total assets
€157,793▲ 34.6%
2024 · €117,241
Net result
€43,513▲ 110%
2024 · €20,737
Working capital
€124,439▲ 246%
2024 · €35,936
Trend over the years

2023 to 2025, 3 financial years

The operating result for 2025 is 114% higher than in 2024 and the highest since 2023. It is a recovery after the fall in 2024.

Operating result€58,614 2025 Net result€43,513 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Human health activities (NACE 86). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line202320242025
Operating result€45,791-€27,386▼ 40.2%€58,614▲ 114%
Net result€33,852within the sector's middle half-€20,737below the sector's middle half▼ 38.7%€43,513within the sector's middle half▲ 110%
Equity€36,352below the sector's middle half-€57,090within the sector's middle half▲ 57.0%€100,603within the sector's middle half▲ 76.2%
Total assets€79,572below the sector's middle half-€117,241below the sector's middle half▲ 47.3%€157,793within the sector's middle half▲ 34.6%
Debt€43,220-€60,152▲ 39.2%€57,190▼ 4.9%
Working capital€7,949below the sector's middle half-€35,936within the sector's middle half▲ 352%€124,439within the sector's middle half▲ 246%
Solvency45.7%within the sector's middle half-48.7%within the sector's middle half▲ 3.0pp63.8%within the sector's middle half▲ 15.1pp
Current ratio1.19below the sector's middle half-1.61within the sector's middle half▲ 0.427.32above the sector's middle half▲ 5.71
Return on assets (ROA)42.5%above the sector's middle half-17.7%within the sector's middle half▼ 24.9pp27.6%within the sector's middle half▲ 9.9pp
above within below The sector band is the middle half of the companies in Human health activities (NACE 86). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €157,793
Fixed assets €13,656 ▼ 39.0%
Current assets €144,137 ▲ 51.9%
Equity and liabilities €157,793
Equity €100,603 ▲ 76.2%
Debt €57,190 ▼ 4.9%
Debt's share of the balance-sheet total falls from 51.3% to 36.2%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€67,333▲
2024 · €35,709
Cash flow
€52,232▲
2024 · €29,060
Debt to equity
0.57▼
2024 · 1.05
ROE
43.3%▲
2024 · 36.3%
Interest coverage
20.75▼
2024 · 76.15
Debt ≤ 1 year
€19,697▼
2024 · €58,929
Debt > 1 year
€33,100
Income taxes
€11,855▲
2024 · €6,180
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as MDO DENTISTRY: dental practice (NACE 86230). They are comparable in size and age: total assets between €139,000 and €173,000, founded in 2023.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
MDO DENTISTRY Florenville2023€157,793€100,603€67,918€43,5132025
MILAZZO DENTAL Charleroi2023€161,216€98,557€67,013€43,4852025
Sarah SKR Ukkel2023€148,932€147,767€65,110€45,0042025
DEXDENT Aalst2023€172,955€126,606€68,177€37,9252025
Tandarts Hélène Claus Nazareth-De Pinte2023€138,827€135,234€69,395€53,5322026
BDDENT Gent2023€155,803€137,294€75,942€58,7912025
TANDARTS PIETER R. Hasselt2023€155,840€109,703€76,804€46,7612025

They were chosen from the 4,415 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 39,278 companies had the same profile as MDO DENTISTRY has now. Two years later, 1.8% had gone bankrupt and 95.9% were still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
95.9% was still going

The bankruptcy probability of MDO DENTISTRY itself is lower: < 0.1% within 12 months. It rests on far more data about MDO DENTISTRY than the profile alone.

Test of the method

The method was tested on the 497,445 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 39,278 companies, not a prediction for MDO DENTISTRY. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 36 lines

Source: Annual accounts 2025 at the NBB, filed on 18-08-2026.

Balance sheet Code20242025
Assets
Total assets20/58€117,241€157,793▲
Fixed assets21/28€22,375€13,656▼
Tangible fixed assets22/27€22,375€13,656▼
Furniture and vehicles24€22,375€13,656▼
Current assets29/58€94,866€144,137▲
Amounts receivable within one year40/41€10,925€3,820▼
Trade receivables40€7,105-
Other amounts receivable41€3,820€3,820=
Cash at bank and in hand54/58€82,099€129,414▲
Deferred charges and accrued income490/1€1,842€10,902▲
Equity and liabilities
Total equity and liabilities10/49€117,241€157,793▲
Equity10/15€57,090€100,603▲
Contributions10/11€2,500€2,500=
Profit (loss) carried forward14€54,590€98,103▲
Amounts payable17/49€60,152€57,190▼
Amounts payable after more than one year17-€33,100
Other amounts payable178/9-€33,100
Amounts payable within one year42/48€58,929€19,697▼
Trade debts44€1,758€24▼
Suppliers440/4€1,758€24▼
Taxes, remuneration and social security45€13,716€6,655▼
Taxes450/3€13,716€6,655▼
Other amounts payable47/48€43,455€13,018▼
Accrued charges and deferred income492/3€1,222€4,393▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,323€8,719▲
Other operating charges640/8€542€585▲
Gross operating margin9900€36,251€67,918▲
Operating profit (loss)9901€27,386€58,614▲
Financial charges65/66B€469€3,246▲
Recurring financial charges65€469€3,246▲
Profit (loss) for the period before taxes9903€26,918€55,368▲
Income taxes67/77€6,180€11,855▲
Profit (loss) for the period9904€20,737€43,513▲
Profit (loss) for the period to be appropriated9905€20,737€43,513▲
Appropriation of the result
Profit (loss) to be appropriated9906€54,590€98,103▲
Profit (loss) brought forward from the previous period14P€33,852€54,590▲

The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,746€8,323€8,719▲ 4.8%
Other operating charges640/8€684€542€585▲ 8.0%
Gross operating margin9900€50,222€36,251€67,918▲ 87.4%
Operating profit (loss)9901€45,791€27,386€58,614▲ 114%
Financial charges65/66B€23€469€3,246▲ 592%
Recurring financial charges65€23€469€3,246▲ 592%
Profit (loss) for the period before taxes9903€45,769€26,918€55,368▲ 106%
Income taxes67/77€11,916€6,180€11,855▲ 91.8%
Profit (loss) for the period9904€33,852€20,737€43,513▲ 110%
Profit (loss) for the period to be appropriated9905€33,852€20,737€43,513▲ 110%
Line202320242025Change
Assets
Total assets20/58€79,572€117,241€157,793▲ 34.6%
Fixed assets21/28€29,403€22,375€13,656▼ 39.0%
Tangible fixed assets22/27€29,403€22,375€13,656▼ 39.0%
Furniture and vehicles24€29,403€22,375€13,656▼ 39.0%
Current assets29/58€50,169€94,866€144,137▲ 51.9%
Amounts receivable within one year40/41€8,018€10,925€3,820▼ 65.0%
Trade receivables40€8,018€7,105--
Other amounts receivable41-€3,820€3,820=
Current investments50/53€40,469---
Cash at bank and in hand54/58-€82,099€129,414▲ 57.6%
Deferred charges and accrued income490/1€1,683€1,842€10,902▲ 492%
Equity and liabilities
Total equity and liabilities10/49€79,572€117,241€157,793▲ 34.6%
Equity10/15€36,352€57,090€100,603▲ 76.2%
Contributions10/11€2,500€2,500€2,500=
Profit (loss) carried forward14€33,852€54,590€98,103▲ 79.7%
Amounts payable17/49€43,220€60,152€57,190▼ 4.9%
Amounts payable after more than one year17--€33,100-
Other amounts payable178/9--€33,100-
Amounts payable within one year42/48€42,220€58,929€19,697▼ 66.6%
Trade debts44€32€1,758€24▼ 98.6%
Suppliers440/4€32€1,758€24▼ 98.6%
Taxes, remuneration and social security45€8,916€13,716€6,655▼ 51.5%
Taxes450/3€8,916€13,716€6,655▼ 51.5%
Other amounts payable47/48€33,272€43,455€13,018▼ 70.0%
Accrued charges and deferred income492/3€1,000€1,222€4,393▲ 259%
Line202320242025Change
Profit (loss) for the period9904€33,852€20,737€43,513▲ 110%
+ Depreciation and write-downs630€3,746€8,323€8,719▲ 4.8%
Operating cash flow (approximation)€37,599€29,060€52,232▲ 79.7%
Investment in fixed assets (approximation)--€1,295€0-
Change in cash--€47,316-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Filings with the National Bank (3)
Financial year Type Filed Reference Document
31-12-2025 micro format 18-08-2026 2026-00425631 NBB
31-12-2024 micro format 31-08-2025 2025-00476592 PDF
31-12-2023 micro format 31-08-2024 2024-00458228 PDF

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