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MDO Services

Active
Private limited companyfounded 2020active for 5 yearsWalderdonk 63, 9185 Wachtebeke, BelgiumKBO/BCE: BE 0757.764.889
Summary

For MDO Services, one filing cycle of the annual accounts is missing. The 2024 annual accounts show equity of €95,665 and a net result of €42,085. Equity is growing by about 85% per year across the filed financial years. Its solvency ranks better than 30% of 37,591 sector peers (NACE 70, financial year 2024). The company has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.9% (low).

Overview

Activity
Business and other management consultancy
NACE 70200
1 site
Size
€287,500total assets 2024
Staff
0.3 FTE
Equity
€95,665
Profit
€42,085
Turnover not published (micro format)
Financial health
Bankruptcy probabilitywithin 12 months
0.9%
2024 figures too old to score
Structure
Accounts 174 days overdue0 of 2 deeds read
Signalsraises riskFigures for financial year 2024 (filed 30-04-2025)1 financial year not filed after the legal deadlineAnnual accounts not filedlowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Size: total assets €287,500neutralLatest accounts filed on timeShow the evidence

Bankruptcy probability

No current score
Figures too old
The available figures for FY 2024 are too old to assess current financial health.
Filing: One filing cycle is missing
Financial strength, FY 2024 · tick = 2023
Strong
Solvency 58+8
equity 33.3% of total assets
Liquidity 35-4
short-term debt 61.7% · cash 14.1%
Profitability 87-10
return on assets 14.6%
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%

About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (48,388 companies, NACE 70, micro)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025lowest value 11-2025: 0.1%● unchanged vs 10-2025lowest value 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.2%▲ +0.1 percentage points vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.5%▲ +0.3 percentage points vs 06-2026 08-2026: 0.5%● unchanged vs 07-2026 09-2026: 0.6%▲ +0.1 percentage points vs 08-2026 10-2026: 0.9%▲ +0.3 percentage points vs 09-2026highest value
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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Figures for financial year 2024 (filed 30-04-2025)
NBB · annual accounts
lowers risk · Sector: Activities of head offices; management consultancy activities (NACE 70)
KBO
lowers risk · Size: total assets €287,500
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline
NBB · filings
raises risk · Annual accounts not filed
The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 174 days later.
NBB · 3 filings
Position against the passed deadline
30-09-2025 year end30-04-2026 deadline21-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 30-04-2025, 0 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
not filed
2024
on the day
2023
46 days early
2022
40 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 29 days before the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · micro…
  2. Annual accounts filedfinancial year 2023 · micro…
  3. Highest result from 2022 to 2024net €48,651 ▲1,138%

Financials · financial year 2024, micro format

2025 annual accounts not yet filed, deadline passed on 30 April 2026 Financial year closed on 30 September 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 22 October 2026.

Equity
€95,665▲ 78.5%
2023 · €53,580
Total assets
€287,500▲ 33.1%
2023 · €215,995
Net result
€42,085▼ 13.5%
2023 · €48,651
Working capital
€58,504▲ 40.3%
2023 · €41,701
Trend over the years

2022 to 2024, 3 financial years

The operating result falls in 2024; 2024 is 5% below 2023.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€62,972 2024 Net result€42,085 2024

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

Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line202220232024
Operating result€9,838-€66,073▲ 572%€62,972▼ 4.7%
Net result€3,929within the sector's middle half-€48,651within the sector's middle half▲ 1,138%€42,085within the sector's middle half▼ 13.5%
Equity€4,929below the sector's middle half-€53,580within the sector's middle half▲ 987%€95,665within the sector's middle half▲ 78.5%
Total assets€210,321within the sector's middle half-€215,995within the sector's middle half▲ 2.7%€287,500within the sector's middle half▲ 33.1%
Debt€205,392-€162,415▼ 20.9%€191,836▲ 18.1%
Working capital-€53,038below the sector's middle half-€41,701within the sector's middle half€58,504within the sector's middle half▲ 40.3%
Solvency2.3%below the sector's middle half-24.8%below the sector's middle half▲ 22.5pp33.3%within the sector's middle half▲ 8.5pp
Current ratio0.74below the sector's middle half-1.34within the sector's middle half▲ 0.601.33within the sector's middle half▼ 0.01
Return on assets (ROA)1.9%within the sector's middle half-22.5%within the sector's middle half▲ 20.7pp14.6%within the sector's middle half▼ 7.9pp
Staff (FTE)1.1-0.3
above within below the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €287,500
Fixed assets €51,480 ▲ 3.3%
Current assets €236,020 ▲ 42.1%
Equity and liabilities €287,500
Equity €95,665 ▲ 78.5%
Debt €191,836 ▲ 18.1%
Debt's share of the balance-sheet total falls from 75.2% to 66.7%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€75,752▼
2023 · €77,850
Cash flow
€54,864▼
2023 · €60,429
Debt to equity
2.01▼
2023 · 3.03
ROE
44.0%▼
2023 · 90.8%
Interest coverage
70.70▼
2023 · over 100
Debt ≤ 1 year
€177,517▲
2023 · €124,437
Income taxes
€21,243▲
2023 · €17,647
Staff costs
€4,355▲
2023 · €3,307
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 40 lines
Balance sheet Code20232024
Assets
Total assets20/58€215,995€287,500▲
Fixed assets21/28€49,857€51,480▲
Tangible fixed assets22/27€49,857€51,480▲
Plant, machinery and equipment23€3,366€1,758▼
Furniture and vehicles24€4,938€13,410▲
Other tangible fixed assets26€41,553€36,312▼
Current assets29/58€166,138€236,020▲
Amounts receivable within one year40/41€133,665€195,612▲
Trade receivables40€111,672€160,037▲
Other amounts receivable41€21,993€35,575▲
Cash at bank and in hand54/58€32,473€40,408▲
Equity and liabilities
Total equity and liabilities10/49€215,995€287,500▲
Equity10/15€53,580€95,665▲
Contributions10/11€1,000€1,000=
Profit (loss) carried forward14€52,580€94,665▲
Amounts payable17/49€162,415€191,836▲
Amounts payable within one year42/48€124,437€177,517▲
Current portion of amounts payable after more than one year42€691-
Trade debts44€48,785€63,665▲
Suppliers440/4€48,785€63,665▲
Advances received on contracts in progress46€43,116€43,116=
Taxes, remuneration and social security45€31,845€70,735▲
Taxes450/3€31,845€57,093▲
Remuneration and social security454/9-€13,643
Accrued charges and deferred income492/3€37,978€14,319▼
Income statement Code20232024
Remuneration, social security and pensions62€3,307€4,355▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,778€12,780▲
Other operating charges640/8€1,306€3,540▲
Gross operating margin9900€82,464€83,647▲
Operating profit (loss)9901€66,073€62,972▼
Financial income75/76B€707€1,427▲
Recurring financial income75€707€1,427▲
Financial charges65/66B€481€1,071▲
Recurring financial charges65€481€1,071▲
Profit (loss) for the period before taxes9903€66,299€63,328▼
Income taxes67/77€17,647€21,243▲
Profit (loss) for the period9904€48,651€42,085▼
Profit (loss) for the period to be appropriated9905€48,651€42,085▼
Appropriation of the result
Profit (loss) to be appropriated9906€52,580€94,665▲
Profit (loss) brought forward from the previous period14P€3,929€52,580▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220232024Change
Remuneration, social security and pensions62€31,639€3,307€4,355▲ 31.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16,420€11,778€12,780▲ 8.5%
Other operating charges640/8€1,308€1,306€3,540▲ 171%
Gross operating margin9900€59,204€82,464€83,647▲ 1.4%
Operating profit (loss)9901€9,838€66,073€62,972▼ 4.7%
Financial income75/76B€9€707€1,427▲ 102%
Recurring financial income75€9€707€1,427▲ 102%
Financial charges65/66B€1,245€481€1,071▲ 123%
Recurring financial charges65€1,245€481€1,071▲ 123%
Profit (loss) for the period before taxes9903€8,602€66,299€63,328▼ 4.5%
Income taxes67/77€4,673€17,647€21,243▲ 20.4%
Profit (loss) for the period9904€3,929€48,651€42,085▼ 13.5%
Profit (loss) for the period to be appropriated9905€3,929€48,651€42,085▼ 13.5%
Line202220232024Change
Assets
Total assets20/58€210,321€215,995€287,500▲ 33.1%
Fixed assets21/28€60,461€49,857€51,480▲ 3.3%
Tangible fixed assets22/27€60,461€49,857€51,480▲ 3.3%
Plant, machinery and equipment23€6,478€3,366€1,758▼ 47.8%
Furniture and vehicles24€7,188€4,938€13,410▲ 172%
Other tangible fixed assets26€46,795€41,553€36,312▼ 12.6%
Current assets29/58€149,860€166,138€236,020▲ 42.1%
Amounts receivable within one year40/41€122,943€133,665€195,612▲ 46.3%
Trade receivables40€122,934€111,672€160,037▲ 43.3%
Other amounts receivable41€9€21,993€35,575▲ 61.8%
Cash at bank and in hand54/58€26,917€32,473€40,408▲ 24.4%
Equity and liabilities
Total equity and liabilities10/49€210,321€215,995€287,500▲ 33.1%
Equity10/15€4,929€53,580€95,665▲ 78.5%
Contributions10/11€1,000€1,000€1,000=
Profit (loss) carried forward14€3,929€52,580€94,665▲ 80.0%
Amounts payable17/49€205,392€162,415€191,836▲ 18.1%
Amounts payable after more than one year17€2,495---
Financial debts170/4€2,495---
Amounts payable within one year42/48€202,897€124,437€177,517▲ 42.7%
Current portion of amounts payable after more than one year42€879€691--
Trade debts44€127,376€48,785€63,665▲ 30.5%
Suppliers440/4€127,376€48,785€63,665▲ 30.5%
Advances received on contracts in progress46€37,116€43,116€43,116=
Taxes, remuneration and social security45€15,513€31,845€70,735▲ 122%
Taxes450/3€12,284€31,845€57,093▲ 79.3%
Remuneration and social security454/9€3,228-€13,643-
Other amounts payable47/48€22,013---
Accrued charges and deferred income492/3-€37,978€14,319▼ 62.3%
Line202220232024Change
Profit (loss) for the period9904€3,929€48,651€42,085▼ 13.5%
+ Depreciation and write-downs630€16,420€11,778€12,780▲ 8.5%
Operating cash flow (approximation)€20,348€60,429€54,864▼ 9.2%
Investment in fixed assets (approximation)--€1,173-€14,403▼ 1,127%
Change in cash-€5,556€7,935▲ 42.8%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (3)
Financial year Type Filed Reference
30-09-2024 micro format 30-04-2025 2025-00083366
30-09-2023 micro format 15-03-2024 2024-00044875
30-09-2022 micro format 21-03-2023 2023-00044285

Similar companies · same sector, comparable size

Of the 82,397 active companies whose main activity is business and other management consultancy (NACE 70200), figures are known for 53,892. 41,568 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 0 of 2 Gazette acts processed. See the directors and other office holders in the KBO →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

MDO Services was incorporated on 3 November 2020 as a private limited company.1 Total assets rose from €210,321 in 2022 to €287,500 in 2024 and headcount from 1.1 to 0.3 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2022 and 2024

Acts, filings and financial milestones

2025
30-04
NBB filing Annual accounts filed
financial year 2024 · micro format
2024
15-03
NBB filing Annual accounts filed
financial year 2023 · micro format
2023
30-09
Financial Highest result from 2022 to 2024net €48,651 ▲1,138%
Operating result €66,073, net result €48,651, both a record.
21-03
NBB filing Annual accounts filed
financial year 2022 · micro format
Financial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
0 of 2 deeds read
About the unread acts

We know of 2 Belgian Official Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Register details

Identification
Legal formPrivate limited company
Founded03-11-2020
Financial year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID 0208:0757764889
Also 9925:BE0757764889
Registered 31-10-2023

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 21 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Wachtebeke · 1 establishment unit since 2020
registered office establishment The establishment unit on the map
Ground area
1,831 m²
Building footprint
768 m²
Building volume
4,086 m³
Parcel 44073A1000/00G000, Flanders · tallest building 6.8 m. Linked by address, not a title deed.
6 companies at this address See who is registered here
1 establishment unit
MDO Services
Walderdonk 63, 9185 WachtebekeBusiness and other management consultancy
since 2020unit no. 2.309.213.474
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
44073A1000/00G000 Flanders 1,831 m² 1 · 768 m² 6.8 m · 2
How the parcels are linked
Good to know
The parcel matches the address exactly.