Mdpro
ActiveSummary
The computed 12-month bankruptcy probability of Mdpro is 2.6% (moderate). The 2026 annual accounts show equity of €43,466 and a net result of €30,004. Equity is shrinking by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 20% of 237 sector peers (fiscal year 2026). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2026
Axes · tick = 2025
Profitability77▲+76
Solvency43▼-4
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 1.91 against 1.23 in 2025; short-term debt: 47.5% and cash: 1.7% of total assets), but 82% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
18%
Return on assets
12.4%
Age of the figures
6 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 237 sector peers (2026).
NBB · sector comparisonPosition among 237 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 25-08-2026, 67 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2026
67 d early
2025
28 d late
2024
6 d early
2023
13 d late
2022
249 d late
2021
6 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 35 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-03-2027 close31-10-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2026, micro schema
Equity
€43,466▲ 70.7%
2025 · €25,462
Total assets
€241,482▲ 112%
2025 · €113,684
Net result
€30,004
2025 · -€16,189
Working capital
€104,176▲ 415%
2025 · €20,245
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line20222023202420252026
Operating result€21,412▼ 29.9%€21,031▼ 1.8%-€5,752-€12,251▼ 113%€39,652
Net result€12,903within the sector's middle half▼ 57.1%€9,349within the sector's middle half▼ 27.5%-€15,667below the sector's middle half-€16,189below the sector's middle half▼ 3.3%€30,004
Equity€47,969within the sector's middle half▲ 36.8%€57,318within the sector's middle half▲ 19.5%€41,651within the sector's middle half▼ 27.3%€25,462within the sector's middle half▼ 38.9%€43,466▲ 70.7%
Total assets€68,517within the sector's middle half▲ 76.8%€121,001within the sector's middle half▲ 76.6%€156,259within the sector's middle half▲ 29.1%€113,684within the sector's middle half▼ 27.2%€241,482▲ 112%
Debt€20,548▲ 457%€63,683▲ 210%€114,607▲ 80.0%€88,222▼ 23.0%€198,016▲ 124%
Working capital€44,864within the sector's middle half▲ 34.6%€53,246within the sector's middle half▲ 18.7%€34,494within the sector's middle half▼ 35.2%€20,245within the sector's middle half▼ 41.3%€104,176▲ 415%
Solvency70.0%above the sector's middle half▼ 20.5pp47.4%within the sector's middle half▼ 22.6pp26.7%within the sector's middle half▼ 20.7pp22.4%below the sector's middle half▼ 4.3pp18.0%▼ 4.4pp
Current ratio3.18above the sector's middle half▼ 6.861.84within the sector's middle half▼ 1.351.30within the sector's middle half▼ 0.541.23within the sector's middle half▼ 0.071.91▲ 0.68
Return on assets (ROA)18.8%above the sector's middle half▼ 58.8pp7.7%within the sector's middle half▼ 11.1pp-10.0%below the sector's middle half▼ 17.8pp-14.2%below the sector's middle half▼ 4.2pp12.4%▲ 26.7pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction 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
The operating result returns to profit in 2026: €39,652 after a loss of €12,251 in 2025, the highest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €241,482
Fixed assets
€22,584 ▲ 308%
Current assets
€218,898 ▲ 102%
Equity and liabilities €241,482
Equity
€43,466 ▲ 70.7%
Debt
€198,016 ▲ 124%
Debt's share of the balance-sheet total rises from 77.6% to 82.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€42,604▲
2025 · -€9,956
Cash flow
€32,957▲
2025 · -€13,894
Quick ratio
0.48▼
2025 · 0.48
Debt to equity
4.56▲
2025 · 3.46
ROE
69.0%▲
2025 · -63.6%
Interest coverage
5.17▲
2025 · -2.90
Debt ≤ 1 year
€114,721▲
2025 · €87,902
Debt > 1 year
€83,295
Income taxes
€1,545▲
2025 · €527
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,706 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,706 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 | 2026 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €668 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €561 | €914 | €1,802 | €2,295 | €2,953 | ▲ 28.7% |
| Other operating charges640/8 | €857 | €1,327 | €2,304 | €4,538 | €1,906 | ▼ 58.0% |
| Gross operating margin9900 | €22,831 | €23,940 | -€1,646 | -€5,418 | €44,510 | ▲ 921% |
| Operating profit (loss)9901 | €21,412 | €21,031 | -€5,752 | -€12,251 | €39,652 | ▲ 424% |
| Financial income75/76B | - | €15 | €478 | €25 | €139 | ▲ 453% |
| Recurring financial income75 | - | €15 | €478 | €25 | €139 | ▲ 453% |
| Financial charges65/66B | €746 | €7,420 | €3,344 | €3,436 | €8,242 | ▲ 140% |
| Recurring financial charges65 | €746 | €7,420 | €3,344 | €3,436 | €8,242 | ▲ 140% |
| Profit (loss) for the period before taxes9903 | €20,667 | €13,625 | -€8,618 | -€15,663 | €31,549 | ▲ 301% |
| Income taxes67/77 | €7,764 | €4,276 | €7,049 | €527 | €1,545 | ▲ 193% |
| Profit (loss) for the period9904 | €12,903 | €9,349 | -€15,667 | -€16,189 | €30,004 | ▲ 285% |
| Profit (loss) for the period to be appropriated9905 | €12,903 | €9,349 | -€15,667 | -€16,189 | €30,004 | ▲ 285% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €68,517 | €121,001 | €156,259 | €113,684 | €241,482 | ▲ 112% |
| Fixed assets21/28 | €3,104 | €4,072 | €7,157 | €5,537 | €22,584 | ▲ 308% |
| Intangible fixed assets21 | - | - | - | - | €19,221 | - |
| Tangible fixed assets22/27 | €2,854 | €3,822 | €6,907 | €4,612 | €2,438 | ▼ 47.1% |
| Land and buildings22 | €1,879 | €3,354 | €2,809 | €2,264 | €1,719 | ▼ 24.1% |
| Plant, machinery and equipment23 | €363 | €242 | €121 | €0 | - | - |
| Furniture and vehicles24 | €613 | €226 | €3,977 | €2,348 | €719 | ▼ 69.4% |
| Financial fixed assets28 | €250 | €250 | €250 | €925 | €925 | = |
| Current assets29/58 | €65,413 | €116,929 | €149,101 | €108,147 | €218,898 | ▲ 102% |
| Stocks and contracts in progress3 | €28,063 | €65,232 | €96,091 | €65,983 | €164,306 | ▲ 149% |
| Stocks30/36 | €28,063 | €65,232 | €96,091 | €65,983 | €164,306 | ▲ 149% |
| Amounts receivable within one year40/41 | €36,367 | €48,343 | €50,936 | €32,928 | €49,660 | ▲ 50.8% |
| Trade receivables40 | €36,091 | €43,432 | €137 | €28,454 | €36,205 | ▲ 27.2% |
| Other amounts receivable41 | €276 | €4,911 | €50,799 | €4,474 | €13,455 | ▲ 201% |
| Cash at bank and in hand54/58 | €983 | €2,000 | €308 | €7,796 | €4,022 | ▼ 48.4% |
| Deferred charges and accrued income490/1 | - | €1,354 | €1,767 | €1,439 | €909 | ▼ 36.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €68,517 | €121,001 | €156,259 | €113,684 | €241,482 | ▲ 112% |
| Equity10/15 | €47,969 | €57,318 | €41,651 | €25,462 | €43,466 | ▲ 70.7% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | - | - | - | - | €38,466 | - |
| Distributable reserves133 | - | - | - | - | €38,466 | - |
| Profit (loss) carried forward14 | €42,969 | €52,318 | €36,651 | €20,462 | €0 | ▼ 100% |
| Amounts payable17/49 | €20,548 | €63,683 | €114,607 | €88,222 | €198,016 | ▲ 124% |
| Amounts payable after more than one year17 | - | - | - | - | €83,295 | - |
| Financial debts170/4 | - | - | - | - | €83,295 | - |
| Amounts payable within one year42/48 | €20,548 | €63,683 | €114,607 | €87,902 | €114,721 | ▲ 30.5% |
| Current portion of amounts payable after more than one year42 | - | - | €40,000 | €0 | €22,622 | - |
| Financial debts43 | - | €24,309 | €26,199 | €23,952 | €6,600 | ▼ 72.4% |
| Credit institutions430/8 | - | €24,309 | €26,199 | €23,952 | €6,600 | ▼ 72.4% |
| Trade debts44 | €11,368 | €9,612 | €11,467 | €16,594 | €19,277 | ▲ 16.2% |
| Suppliers440/4 | €11,368 | €9,612 | €11,467 | €16,594 | €19,277 | ▲ 16.2% |
| Taxes, remuneration and social security45 | €9,180 | €26,400 | €36,941 | €2,997 | €19,170 | ▲ 540% |
| Taxes450/3 | €9,180 | €26,400 | €36,941 | €2,997 | €19,170 | ▲ 540% |
| Other amounts payable47/48 | - | €3,362 | €0 | €44,360 | €47,052 | ▲ 6.1% |
| Accrued charges and deferred income492/3 | - | - | - | €320 | €0 | ▼ 100% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,903 | €9,349 | -€15,667 | -€16,189 | €30,004 | ▲ 285% |
| + Depreciation and write-downs630 | €561 | €914 | €1,802 | €2,295 | €2,953 | ▲ 28.7% |
| Operating cash flow (approximation) | €13,464 | €10,264 | -€13,865 | -€13,894 | €32,957 | ▲ 337% |
| Investment in fixed assets (approximation) | - | -€1,882 | -€4,887 | -€675 | -€20,000 | ▼ 2,863% |
| Change in cash | - | €1,017 | -€1,692 | €7,489 | -€3,774 | ▼ 150% |
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 2027, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
31-03
Financial
Back to profitnet €30,004
Net result €30,004 after 2 loss-making years.
2025
28-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
31-03
Financial
Weakest financial yearnet -€16,189
Net result drops to -€16,189, the lowest in the series; recovery starts the following year.
2024
25-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
13-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 249 days late
2021
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · 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, Tielt · 2 establishment units since 2019
Ground area
3,273 m²
Building footprint
298 m²
Volume, LiDAR
1,263 m³
2 parcels, Flanders · tallest building 7.8 m, ±1 floor. Linked by address, not a title deed.
2 establishment units
Mdpro
since 20192.294.934.876
Mdpro
since 20262.392.425.024
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37001C0261/00X000 | Flanders | 2,090 m² | 1 · 154 m² | 7.8 m · 1 fl. |
| 37002D0055/00T000 | Flanders | 1,183 m² | 1 · 144 m² | 7.3 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 1,080 EUR awarded · 1,080 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 1,080 EUR | 1,080 EUR |
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Of 7,868 companies in sector 43341 we hold annual accounts for 2,666. 2,297 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
Founded24-09-2019
Fiscal year end31-03
Activities, NACEBEL 2025
43341Painting of buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0734825478
Also
9925:BE0734825478
Registered
17-07-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.